Exhibit 10.1
FIRST AMENDMENT TO OFFICE BUILDING LEASE AGREEMENT
RECITALS
A. HEALTHRENU MEDICAL, INC. ("Tenant") and DENMARK HOUSE
INVESTMENT, LTD., a
Texas limited partnership, ("Landlord"), entered into that certain
Lease
Agreement effective as of the 30th day of June 2004 ("Lease"), in
regard to the
leasing of that certain space containing approximately 1,692 square
feet, (the
"Premises") at the office building located at 12777 Jones, Houston,
TX 77070
(the "Project").
B. Tenant and Landlord desire to amend certain provisions of the
Lease,
effective as of the 1st day of January 2006;
NOW THEREFORE, for good, valuable and sufficient consideration
received,
Landlord and Tenant hereby agree as follows:
AGREEMENT
1. On the Effective Date, the term of the Lease shall be modified
to expire on
the 31st day of January 2009.
2. On the Effective Date, the Leased Premises shall be increased by
786
non-contiguous square feet of Net Rentable Area ("Increased Lease
Premises"), as
outlined on the attached Exhibit "A-1".
3. Upon execution of this agreement, Tenant shall deposit with
Landlord the sum
of One Thousand Eighty and 75/100 Dollars ($1,080.75) as additional
deposit
("Security Deposit") associated with the Increased Lease
Premises.
4. On the Effective Date, the Base Rent shall increase to Three
Thousand One
Hundred Ninety-Five and 75/100 Dollars ($3,195.75) per month
through the 31st
day of January 2006. Effective the 1st day of February 2006, the
Base Rent shall
increase to Three Thousand Four Hundred Seven and 25/100 Dollars
($3,407.25) per
month through the 31st day of January 2007. Effective the 1st day
of February
2007, the Base Rent shall increase to Three Thousand Five Hundred
Ten and 50/100
Dollars ($3,510.50) per month through the 31st day of January 2008.
Effective
the 1st day of February 2008, the Base Rent shall increase to Three
Thousand Six
Hundred Thirteen and 75/100 Dollars ($3,613.75) per month through
the 31st day
January 2009.
5. Landlord and Tenant agree to incorporate herein by this
reference, the
following Sections which were intentionally stricken from the
Lease: Section
5.02 Additional Rent, Section 5.05 Payment of Additional Rent (a)
and (b),
Section 5.06 Gross Up, Section 5.07 Right to Audit or Inspect and
Section 12.03
Casualty During the Last Two Years. These Sections pertain to the
Premises and
the Increased Lease Premises where applicable. These Sections are
defined on the
attached Exhibit "D".
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6. Landlord agrees to furnish and install Building Standard
Leasehold
Improvements within the Premises and the Increased Lease Premises
collectively,
at an allowance not to exceed $2.10 per rentable square foot.
Leasehold
Improvements shall be based upon plans and specifications approved
by Landlord
and Tenant and preliminary remodel proposals presented by Ray
Scaggs
Construction Company dated November 1, 2005 and Prime Flooring
Building Systems,
Inc. dated October 27, 2005. Additionally, the sink and faucet will
be replaced
and an interior passage set will be replaced with a lockset within
the Premises.
The locks on the entry door to the Increased Lease Premises will be
keyed to
match the Premises and a name plaque and directory strip will be
provided.
Except as set forth above, Landlord shall have no further
obligation to make any
further Leasehold Improvements or bear any costs associated with
Leasehold
Improvements.
7. Tenant, upon paying the rent herein reserved and performing all
the terms,
covenants and conditions herein contained on its part to be kept
and performed,
shall be granted a right to renew and extend this agreement (the
"Renewal
Option") for one (1), three (3) year period following the
expiration of this
Amendment to Office Lease Agreement. Tenant shall be required to
provide
Landlord with six (6) months prior written notice and shall not
have the r
