Lease Agreement between CAH Investments, LLC and Island Pacific, Inc. for 6450 South Revere Parkway, Englewood, CO
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Summary
Island Pacific, Inc. has entered into a five-year lease with CAH Investments, LLC for approximately 2,800 square feet of commercial space at 6450 South Revere Parkway, Englewood, Colorado. The lease begins on January 1, 2007, and ends December 31, 2011. Monthly rent starts at $6,500 and increases annually, reaching $7,901 in the final year. A cash security deposit of $170,244 is required. No operating expenses or tenant percentage charges apply under this agreement.
EX-10.16 3 islandpac_10k-ex1016.txt COLORADO LEASE SUMMARY EXHIBIT 10.16 ISLAND PACIFIC, INC. COLORADO LEASE SUMMARY Lease Date: January 1, 2007 Landlord: CAH Investments, LLC Address of Landlord: 6013 South Eagle Street Centennial, CO 80016 Premises: Approximately 2,800 square feet Premises Address: 6450 South Revere Parkway Englewood, CO 80016 Term: 5 Years Monthly Rent: January 1, 2007 - December 31, 2007 $6,500 January 1, 2008 - December 31, 2008 $6,825 January 1, 2009 - December 31, 2009 $7,166 January 1, 2010 - December 31, 2010 $7,525 January 1, 2011 - December 31, 2011 $7,901 Estimated Operating Expenses: Not Applicable Tenant's Percentage: Not Applicable Cash Security Deposit: $170,244
