Exhibit
10.1
AIR COMMERCIAL REAL ESTATE ASSOCIATION
STANDARD INDUSTRIAL/COMMERCIAL SINGLE-TENANT LEASE - -
GROSS
(DO NOT USE THIS FORM FOR
MULTI-TENANT BUILDINGS)
1. Basic
Provisions ("Basic Provisions").
1.1 Parties:
This Lease ("Lease"), dated for reference purposes only
June
18,
2009
is made by and
between CNH, LLC, a California limited
liability
company
("Lessor")
and
Biomerica, Inc., a Delaware
corporation
("Lessee"),
(collectively
the "Parties," or individually a "Party").
1.2 Premises:
That certain real property, including all improvements therein or
to be provided by Lessor under the terms of this Lease,
and commonly
known as 17571 Von Karman Ave,
Irvine
located in the
County of
Orange
, State of
California
and generally
described as (describe briefly the nature of the property and, if
applicable, the "Project", if the property is located within a
Project)
A
freestanding industrial building of approximately 21,011 square
feet (the
'Building')
as depicted
on Exhibit
A
("Premises"). (See also
Paragraph 2)
1.3 Term:
7
years and
-0-
months ("Original Term") commencing September 1,
2009
("Commencement
Date") and ending August 31,
2016
("Expiration Date").
(See also
Paragraph 3)
1.4 Early
Possession:
N/A
("Early Possession Date").
(See also
Paragraphs 3.2 and 3.3)
1.5 Base
Rent: $18,
490.00
per month ("Base Rent"), payable on the first
(1st)
day of each
month commencing September 1,
2009
(See also Paragraph
4)
þ
If
this box is checked, there are provisions in this Lease for the
Base Rent to be adjusted.
1.6 Base
Rent and Other Monies Paid Upon Execution:
(a) Base
Rent:
$18,490.00
for the period September
1-30,
2009
(b) Security
Deposit:
$22,080.00
("Security Deposit"). (See also Paragraph
5)
(c) Association
Fees:
$0.00
for the period not
applicable
(d) Other:
$0.00
for not
applicable
(e) Total Due
Upon Execution of this Lease: $40,568
.00
1.7 Agreed
Use: General office, assembly, manufacturing and
distribution of medical
devices
(See also Paragraph 6)
1.8 Insuring
Party: Lessor is the "Insuring Party". The annual "Base Premium" is
$1,382.00
(See
also Paragraph 8)
1.9 Real
Estate Brokers: (See also Paragraph 15)
(a)
Representation: The following real estate brokers (the "Brokers")
and brokerage relationships exist in this transaction
(check
applicable
boxes):
|
o
|
Lee &
Associates®-Newport Beach,
Inc.
represents Lessor exclusively
("Lessor's Broker");
|
|
þ
|
Lee &
Associates®-Orange, Inc. - Jo
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