Second Addendum to Standard Industrial Lease between 5700 West 96th Street Partnership and Diagnostic Products Corporation

Contract Categories: Real Estate Lease Agreements
Summary

This agreement extends the existing industrial lease between 5700 West 96th Street Partnership (lessor) and Diagnostic Products Corporation (lessee) for two years, from January 1, 2003, to December 31, 2005, at a monthly rent of $86,250. The lessee also has the option to extend the lease for an additional two years at a higher monthly rent of $90,562, provided notice is given by November 1, 2005. The addendum is dated April 1, 2002, and signed by representatives of both parties.

EX-10.1 3 v81607ex10-1.htm EXHIBIT 10.1 Diagnostic Products Corporation Exhibit 10.1  

EXHIBIT 10.1

SECOND ADDENDUM TO STANDARD INDUSTRIAL LEASE

Lessee extends the lease for a period of two years beginning on January 1, 2003 and ending on December 31, 2005.

The rent per month for this extension shall be $86,250.00.

Lessee shall have an option to extend the lease an additional two years beyond December 31, 2005 at a rent per month of $90,562 by providing notice to the Partnership not later than November 1, 2005.

This rider to the lease is dated April 1, 2002 and between lessors by Michael Ziering, general partner, 5700 West 96th Street Partnership, and by James Brill, VP Finance and CFO of Diagnostic Products Corporation.

     

 
James Brill
Diagnostic Products Corporation
 
Dated: April 1, 2002
  Michael Ziering
5700 West 96th Street
Partnership
Dated: April 1, 2002

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