OneAMENDMENT TO LEASE
Exhibit 10.8
One AMENDMENT TO LEASE
THIS AMENDMENT TO LEASE is made and entered into as of May 23, 2013 ,by and between
| Crest Development LLC formerly Freeway Ventures LLC | ("Lessor') |
| and Simulations Plus, Inc. | ("Lessee"). |
WHEREAS, on or about 9/12/05 a Lease was entered into by and between Lessor and Lessee relating to certain real property commonly known as: 42505 10th Street West Lancaster, CA 93534 (the "Premises"), and
WHEREAS, Lessor and Lessee [x] have [ ] have not previously amended said Lease, and
WHEREAS, the Lessor and Lessee now desire to amend said Lease,
NOW, THEREFORE, for payment of TEN DOLLARS and other good and valuable consideration to Lessor, the receipt and sufficiency of which is hereby acknowledged, the parties mutually agree to make the following additions and modifications to the Lease:
| T | TERM: The Expiration Date is hereby £ advanced T extended to February 2, 2017 |
| £ | AGREED USE: The Agreed Use is hereby modified to: |
| T | BASE RENT ADJUSTMENT: Monthly Base Rent shall be as follows: no change to base rent of $24,272.42 per month. Annual increases to be 3% per year; first increase to be January 1, 2015. Estimated Triple Net Charge payment to remain at $2000.00 per month. |
| £ | OTHER: Lessee to have free Base Rent for the period of June, July and August of 2013. Lessee to have (2) Two Year Options. |
This Agreement shall not be construed against the party preparing it, but shall be construed as if all parties jointly prepared this Agreement and any uncertainty and ambiguity shall not be interpreted against any one party.
All other terms and conditions of this Lease shall remain unchanged and shall continue in full force and effect except as specifically amended herein.
EXECUTED as of the day and year first above written.
| By Lessor: | By Lessee: | |||
| Crest Development LLC | Simulations Plus Inc. | |||
| BY: | /s/ Gary S. Shafer | By: | /s/ Walter Woltosz | |
| Name Printed: Gary S. Shafer | Name Printed: Walter Woltosz | |||
| Title: Member | Title: CEO | |||
| By: | By: | /s/ Momoko Beran | ||
| Name Printed: | Name Printed: Momoko Beran | |||
| Title: | Title: CFO | |||
NOTICE: These forms are often modified to meet changing requirements of law and industry needs. Always write or call to make sure you are utilizing the most current form: AIR Commercial Real Estate Association, 800 W 6th Street, Suite 800, Los Angeles, CA 90017. Telephone No.: (213) 687-8777. Fax No.: (213) 687-8616.
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