Fourth Amendment to Lease Agreement between First Industrial, L.P. and Optical Sensors Incorporated

Summary

This amendment updates the lease agreement between First Industrial, L.P. (landlord) and Optical Sensors Incorporated (tenant) for the premises at 7615 Golden Triangle Drive, Suite A, Eden Prairie, Minnesota. The lease term is set to begin June 1, 2000, and continue month-to-month with a 30-day written cancellation notice by either party, expiring no later than May 31, 2001. The premises cover 18,339 square feet, and the monthly base rent is $13,101.76. All other terms of the original lease remain in effect unless specifically changed by this amendment.

EX-10.18 4 0004.txt 4TH AMEND. TO LEASE AGREEMENT EXHIBIT 10.18 FOURTH AMENDMENT TO LEASE AGREEMENT THIS FOURTH AMENDMENT TO LEASE AGREEMENT (the "Fourth Amendment") is made and entered into this 1st day of June, 2000, by and between FIRST INDUSTRIAL, L.P., a Delaware Limited Partnership ("Landlord"), and OPTICAL SENSORS INCORPORATED, a Delaware corporation ("Tenant"). WITNESSETH: WHEREAS, Landlord and Tenant have heretofore entered into a certain Standard Commercial Lease dated October 7, 1991 (the "Original Lease") pursuant to which Landlord leased to Tenant and Tenant leased from Landlord certain premises commonly known as 7615 Golden Triangle Drive, Suite A, Eden Prairie, Minnesota (the "Premises"); and WHEREAS, Landlord and Tenant entered into a certain First Amendment to Lease Agreement dated April 26, 1996 (the "First Amendment"; the original Lease and the First Amendment are hereinafter collectively referred to as the "Lease"); and WHEREAS, Landlord and Tenant entered into a certain Second Amendment to Lease Agreement dated April 14, 1997 (the "Second Amendment"; the Original Lease and Second Amendment are hereinafter collectively referred to as the "Lease"); and WHEREAS, Landlord and Tenant entered into a certain Third Amendment to Lease Agreement dated September 3, 1999 (the "Third Amendment"; the Original Lease and Second Amendment and Third Amendment are hereinafter collectively referred to as the "Lease"); NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 1. Recitals. The foregoing recitals are hereby incorporated as if fully rewritten and restated in the body of this Fourth Amendment. All initially capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Lease. 2. Term. The term of the Lease shall commence on June 1, 2000 and continue on a month to month basis with thirty (30) day written cancellation by either party. This Fourth Amendment to Lease shall expire May 31, 2001. 3. Premises. The premises shall total 18,339 square feet; (7,906 square feet office, 8,205 square feet lab, 2,228 square feet warehouse) located at 7615 Golden Triangle Drive, Suite A, as attached on Exhibit A. 4. Tenant's Proportionate Share. Tenant's Proportionate Share of Operating Expenses shall be 14.56%. 5. Base Rent. Effective June 1, 2000, the monthly Base Rent for the Premises shall be $13,101.76. 6. Full Force and Effect. Except as otherwise expressly set forth in this Fourth Amendment, all terms, provisions and covenants set forth in the Lease shall remain in full force and effect and are hereby ratified and confirmed as of the date hereof. 7. Conflicts. In the event that any of the terms, covenants and conditions of this Fourth Amendment conflict with any of the terms, covenants and conditions of the Lease, the terms, covenants and conditions of this Fourth Amendment shall control. IN WITNESS WHEREOF, the parties hereto have executed this Fourth Amendment as of the date and year first above written. LANDLORD: FIRST INDUSTRIAL, L.P., TENANT: OPTICAL SENSORS INCORPORATED, a Delaware Limited Partnership a Delaware corporation By: First Industrial Realty Trust, Inc., a Maryland corporation, its general partner By: By: ------------------------------- ------------------------------------- Its: Senior Regional Director Its: President and CEO 2