Addendum to Lease Agreement Between EUS Partners and NuVasive, Inc. (March 25, 2002)

Contract Categories: Real Estate Lease Agreements
Summary

This addendum modifies the original lease between EUS Partners (successor to Michael L. Hightower) as landlord and NuVasive, Inc. as tenant. EUS Partners has assumed all landlord responsibilities. NuVasive now occupies the entire building and is responsible for all common area expenses, except for real property taxes and insurance, which are limited to increases over the 1999 base year. The landlord will build approximately 650 square feet of storage space, and the rent is adjusted according to a set schedule from April 1, 2002, through November 30, 2004.

EX-10.21 26 a2129963zex-10_21.htm EXHIBIT 10.21
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EXHIBIT 10.21

ADDENDUM TO LEASE BETWEEN EUS PARTNERS, THE
SUCCESSOR TO MICHAEL L. HIGHTOWER, LESSOR, AND
NUVASIVE, INC. AS LESSEE; LEASE DATED NOVEMBER 1999;
ADDENDUM DATED MARCH 25, 2002

Both parties to this lease agree to the following modifications:

54.    On August 17, 2001 Michael L. Hightower, the first Lessor under this Lease, sold the Building to EUS Partners. EUS has assumed all responsibilities of Lessor under this Lease

53.    Both parties acknowledge that Lessee occupies the entire Building and that Lessee's share of Common Area Expenses per Paragraph 1.6(b) is 100%.

Lessee hereby agrees to perform and pay for the items relating to the operation of the Building, that are described in Paragraph 4.2(a)(1) through (ix), (b), (c) and (d).

The only Common Area Operating Expenses to be paid by Lessee that are limited to the increases over the Base Year of 1999 as described in Paragraph 4.2, Insert 4.2 and Paragraph 51 are Real Property Taxes (Paragraph 10), Insurance (Paragraph 8). Lessor does not provide or pay for the cost of any utilities or janitorial service.

54.    Lessee has request a build-out of approximately 650 square feet of storage space above the second floor of the building. In consideration of building this space and the cost incurred by Lessor, on April 1, 2002 the rent is adjusted per the following schedule.

Dates-Month-Year

  Monthly Rent
April 1, 2002 to November 30, 2002   $25,725.00
December 1, 2002 to November 30, 2003   $26,508.00
December 1, 2003 to November 30, 2004   $27,295.00

/s/  BILL URBANO      
EUS PARTNERS, LESSOR
MR. JOE EARLE, PARTNER
DATE: 3-27-02

 

/s/  STEVE MCGOWAN      
NUVASIVE, INC.
STEVE McGOWAN, CFO
DATE:



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    EXHIBIT 10.21