Fifth Amendment to Lease Agreement between First Industrial Mortgage Partnership, L.P. and Somanetics Corporation

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Summary

This Fifth Amendment extends the lease between First Industrial Mortgage Partnership, L.P. (landlord) and Somanetics Corporation (tenant) for the premises at 1653 E. Maple Road, Troy, Michigan. The lease term is extended for one year, from January 1, 2004, to December 31, 2004, with a total rent of $201,997.44, payable in monthly installments of $16,833.12. All other terms of the original lease and prior amendments remain in effect unless they conflict with this amendment.

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EX-10.7 3 k74383exv10w7.txt FIFTH AMENDMENT TO LEASE EXHIBIT 10.7 FIFTH AMENDMENT attached to and made a part of that certain Lease dated September 10, 1991, between FIRST INDUSTRIAL MORTGAGE PARTNERSHIP, L.P., successor in interest to WS Development Company, as Landlord, and SOMANETICS CORPORATION, as Tenant, covering Premises at 1653 E. Maple Road, Troy, Michigan. NOTWITHSTANDING anything to the contrary contained in the Lease, Agreement, Addenda to Lease, Termination of Agreement, and Extension of Lease to which this Fifth Amendment is attached to and made a part thereof, the Landlord and Tenant agree as follows: 1. The Term of the Lease shall be extended one (1) year, commencing January 1, 2004 and terminating December 31, 2004. 2. The minimum net rent for said extended one (1) year Term shall be Two Hundred One Thousand Nine Hundred Ninety-Seven and 44/100 Dollars ($201,997.44) payable in monthly installments in advance as follows:
Months Monthly Base Rent - ------ ----------------- January 1, 2004 - December 31, 2004 $ 16,833.12
All other terms and conditions of said Lease, Agreement, Addenda to Lease, Termination of Agreement and Extension of Lease to remain in full force and effect unless in conflict with the terms and conditions of this Fifth Amendment shall prevail and control. LANDLORD: FIRST INDUSTRIAL MORTGAGE PARTNERSHIP, L.P., a Delaware limited partnership, successor in interest to WS Development Company By: First Industrial Mortgage Corporation, a Maryland corporation Its: General Partner /s/ Richard S. Czerwinski ----------------------------------- By: Richard S. Czerwinski Senior Regional Director TENANT: SOMANETICS CORPORATION, a Michigan corporation By: /s/ Bruce J. Barrett ----------------------------------- Dated: January 22, 2003 Its: President and CEO -----------------------------------