Folsom Lease Agreement between Island Pacific, Inc. and Fairfield Investors, L.P.
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Summary
Island Pacific, Inc. has entered into a six-year lease with Fairfield Investors, L.P. for approximately 13,519 square feet of office space at 400 Plaza Drive, Suite 200, Folsom, California. The lease began on September 6, 2005, with monthly rent increasing annually from $20,954 to $22,982 over the term. The tenant is responsible for 31% of estimated operating expenses, set at $2,700 per month, and has provided a cash security deposit of $22,982.
EX-10.17 4 islandpac_10k-ex1017.txt FOLSOM LEASE SUMMARY EXHIBIT 10.17 ISLAND PACIFIC, INC. FOLSOM LEASE SUMMARY Lease Date: September 6, 2005 Landlord: Fairfield Investors, L.P Address of Landlord: 1111 Howe Avenue Sacramento, CA 95825 Premises: Approximately 13,519 square feet Premises Address: 400 Plaza Drive, Suite200 Folsom, CA 95630 Term: 6 Years Monthly Rent: April 1, 2007 - March 31, 2008 $20,954 April 1, 2008 - March 31, 2009 $21,630 April 1, 2009 - March 31, 2010 $22,306 April 1, 2010 - March 31, 2011 $22,982 Estimated Operating Expenses: $2,700 per month Tenant's Percentage: 31% Cash Security Deposit: $22,982
