Irvine Lease Agreement between Island Pacific, Inc. and The Irvine Company (July 1, 1995)
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Summary
Island Pacific, Inc. entered into a lease with The Irvine Company for approximately 22,107 square feet of office space at 19800 MacArthur Blvd., Suite 1250, Irvine, CA. The lease began on July 1, 1995, and runs for 16 years. Monthly rent increases annually, starting at $53,057 for the year ending June 30, 2007, and rising to $61,900 for the year ending June 30, 2011. The tenant is responsible for estimated operating expenses of $3,900 per month and must provide a $15,000 security deposit. The tenant's share of building expenses is 7.49%.
EX-10.15 2 islandpac_10k-ex1015.txt IRVINE LEASE SUMMARY EXHIBIT 10.15 ISLAND PACIFIC, INC. IRVINE LEASE SUMMARY Lease Date: July 1, 1995 Landlord: The Irvine Company Address of Landlord: 19900 MacArthur Blvd., Suite190 Irvine, CA 92612 Premises: Approximately 22,107 square feet Premises Address: 19800 MacArthur Blvd., Suite 1250 Irvine, CA 92612 Term: 16 Years Monthly Rent: July 1, 2006 - June 30, 2007 $53,057 July 1, 2007 - June 30, 2008 $55,268 July 1, 2008 - June 30, 2009 $57,478 July 1, 2009 - June 30, 2010 $59,689 July 1, 2010 - June 30, 2011 $61,900 Estimated Operating Expenses: $3,900 per month Tenant's Percentage: 7.49% Cash Security Deposit: $15,000
