Exhibit 10.2
SECOND AMENDMENT TO LEASE
AGREEMENT
This Second Amendment
(“Amendment”) is effective May 1, 2009,
supplements and amends the Standard Industrial/Commercial
Multi-Tenant Lease Net Agreement dated September 15,
2003 (“the Lease”), between EMC Associates,
L.P. , (“Lessor”), and Dynamic Details, Inc., a
California corporation, (“Lessee”), with respect to the
following:
RECITALS
A. Lessor and Lessee entered into
the Lease for the property located at 1220 Simon Circle, Anaheim,
California. The Lease was extended pursuant to the First Amendment
to Lease dated March 20, 2008.
B. The Lease, as amended, expires
September 30, 2009, and Lessor and Lessee mutually desire to
extend the term of the Lease.
AGREEMENT
NOW, THEREFORE, in consideration of
the mutual covenants and conditions herein, Lessor and Lessee agree
as follows:
1. Term . Subject to the
terms and provisions of this Amendment, the term of the Lease shall
be extended for the period October 1, 2009 through
September 30, 2012 (“Extension
Term”).
2. Base Rent . Base Rent of
as set forth herein shall be paid monthly as
follows:
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October 1,
2009-September 30, 2010
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$17,688.00 per
month
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October 1,
2010-September 30, 2011
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$18,218.64 per
month
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October 1,
2011-September 30, 2012
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$18,765.19 per
month
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3. Common Area Expenses . In
addition to Lessee’s obligations to pay the prorata share of
Common Area Expenses, Lessee agrees to pay an additional $420.83
per month plus interest on the unamortized balance of the roof
improvement during the Extension Term for the additional cost of
replacing the roof with a system requested by Lessee.
4. Cooperation; Continuing
Obligations . Lessor and Lessee agree to perform any further
acts and execute and deliver documents reasonably necessary to
carry out the provisions of this Amendment. Except as modified by
this Amendment, all covenant
