Lease Extension Agreement between Conceptus, Inc. and Dani Investment Partners for 1021 Howard Avenue
Conceptus, Inc. and Dani Investment Partners have agreed to extend the lease for the property at 1021 Howard Avenue, San Carlos, CA, for an additional two years, from January 1, 2004, to December 31, 2005. The new monthly rent will be $20,000, based on $1 per square foot. All other terms and conditions from the original lease dated November 14, 2000, will remain unchanged. The agreement confirms the continued use of direct deposit for rent payments.
Exhibit 10.36
DANI
INVESTMENT
PARTNERS
Sept. 12, 2003
Bill Dippel
Vice President, Operations
Conceptus, Inc.
Dear Bill,
I have received your letter on behalf of Conceptus Inc., which is an Offer of Lease Extension and I am in agreement with your offer of $1 Per Sq. Ft.
Your New Monthly Rent will be $20,000 commencing on Jan. 1, 2004 – Dec. 31, 2005.
I would expect the Direct Deposit Procedure to Remain as well as All Other Agreements made in our Original Lease Dated November 14, 2000.
Thank you for your continued “Attention to Detail” in keeping our building so nice.
Sincerely,
| /s/ Dennis Farrey |
| Dennis Farrey |
| Dani Investment Partners |
Dated: 09/12/03
Conceptus Inc.
August 26, 2003
Dani Investment
Dane Prenovitz
1353 Shoreway Rd.
Belmont, Ca 94002
Dear Dane,
As we discussed, Conceptus would like to exercise its 2-year option to extend our current lease in your building at 1021 Howard Avenue, San Carlos, CA until December 31, 2005. We would expect all other terms and conditions of the existing lease to remain in effect except the monthly rent. In exercising this option, we would like to offer what we believe to be fair market value of $1.00 per square foot.
If you are in agreement we would like to complete this transaction as soon as possible. Please contact me at ###-###-####-4700.
Best Regards,
| /s/ William Dippel |
| William Dippel |
| Vice President, Operations |
| Conceptus, Inc. |
