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AMENDMENT NO. 2 TO LEASE

Lease Agreement

AMENDMENT NO. 2 TO LEASE | Document Parties: COMBIMATRIX CORP | CombiMatrix Molecular Diagnostics, Inc | EDISON SPECTRUM PARTNERS, LLC You are currently viewing:
This Lease Agreement involves

COMBIMATRIX CORP | CombiMatrix Molecular Diagnostics, Inc | EDISON SPECTRUM PARTNERS, LLC

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Title: AMENDMENT NO. 2 TO LEASE
Date: 3/27/2009
Industry: Scientific and Technical Instr.     Sector: Technology

AMENDMENT NO. 2 TO LEASE, Parties: combimatrix corp , combimatrix molecular diagnostics  inc , edison spectrum partners  llc
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EXHIBIT 10.28

 

AMENDMENT NO. 2 TO LEASE

 

This Amendment No. 2 to Lease (this “Amendment No. 2” ) is made as of the 11th day of March, 2009, by and between EDISON SPECTRUM PARTNERS, LLC, a California limited liability company ( “Lessor” ) and CombiMatrix Molecular Diagnostics, Inc., a California Corporation, ( “Lessee” ).  This Amendment No. 2 amends and modifies the terms and conditions of that certain Standard Industrial/Commercial Multi-Tenant Net Lease dated June 26, 2006 (the “Original Lease” ), and Amendment No. 1 dated July 7, 2007 by and between Lessor and Lessee.  The Original Lease, as hereby amended, is referred to herein as the “Lease.”   Capitalized terms which are not otherwise defined in this Amendment No. 2 shall have the meanings ascribed to such terms in the Original Lease.

 

RECITALS

 

A.    Lessor and Lessee previously entered into the Original Lease and Amendment No. 1, which sets forth the terms and conditions relating to Lessee’s occupancy of certain space, located at 310 Goddard, Suite 150 and at 300 Goddard, Suite 150, Irvine, California (the “Premises” ).

 

B.    Lessor and Lessee now desire to amend the Original Lease and Amendment No.1 to (i) extend the Term.

 

AGREEMENT

 

FOR VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby acknowledged, Lessor and Lessee hereby agree as follows:

 

1.             Extension of Term .  The Original Term is hereby extended for a period of six months commencing on August 1, 2009 and ending January 31, 2010 (the “Extension Term” ).

 

2.             Base Rent .  The Base Rent of the extension term shall remain the same as in Amendment No. 1 as shown:

 

Lease — 310 Goddard, Suite 150:

 

Months
of Term

 

Rentable
Square Feet

 

Rent Per Square
Foot Per Month

 

Monthly
Base Rent

 

 

 

 

 

 

 

 

 

August 1,2009-January 
31, 2010

 

3,625

 

$

2.05

 

$

7,431.25

 


 
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