Lease Renewal Agreement between Conceptus and Dani Investment Partners for 1021 Howard Ave, San Carlos, CA

Summary

Conceptus and Dani Investment Partners have agreed to renew the lease for the property at 1021 Howard Ave, San Carlos, California, extending it until December 31, 2001. The monthly rent will be $2.00 per square foot for the year 2000 and $2.25 per square foot for 2001. The security deposit will be increased to one month's rent, totaling $28,000. All other terms of the original lease remain unchanged. Both parties have signed to confirm acceptance of these new terms.

EX-10.32 2 0002.txt EXHIBIT 10.32 Conceptus Logo Goes Here September 3, 1999 Mr. Dennis Farrey Dani Investment Partners 1045 Howard Ave. San Carlos, CA 94070 Dear Dennis, In accordance with our phone conversation on Friday September 3, 1999, Conceptus agrees to renew our current lease at 1021 Howard Ave, San Carlos, CA 94070 until December 31, 2001. All other terms and conditions of the existing lease will remain in effect except that the monthly lease payments will be: January 1, 2000 - December 31, 2000: $2.00 per square ft. January 1, 2001 - December 31, 2001: $2.25 per square ft. Additionally, our security deposit will be increased to one months rent of $28,000. Dennis, thank you very much for your flexibility in working with us. It is my hope that our STOP project will be a true hit and that we can continue to work together as we grow. Please sign this lettr below, to indicate acceptance of these new lease terms and fax to me at ###-###-####. Sincerely, /s/ Oliver Brouse - ------------------ Oliver Brouse Director Finance & Operations /s/ Dennis Farrey 9-3-99 - ------------------------------------ Dennis Farrey Date 1021 Howard Avenue, San Carlos, CA 94070 Phone: 415 ###-###-#### Fax: 415 ###-###-####