Third Amendment to Lease Agreement Between Bridge Street Properties, LLC and Electro-Optical Sciences, Inc.

Summary

This amendment updates the lease between Bridge Street Properties, LLC (landlord) and Electro-Optical Sciences, Inc. (tenant) for premises at One Bridge Street, Irvington, NY. The lease term is extended for four years from July 1, 2005, to June 30, 2009, with specified annual rent increases. The tenant will receive a new HVAC system and an electric upgrade, and the security deposit is increased. The tenant's termination option is removed. All other original lease terms remain unchanged.

EX-10.15 7 y09078a1exv10w15.txt THIRD AMENDMENT BETWEEN REGISTRANT AND BRIDGE STREET PROPERTIES LLC Exhibit 10.15 THIRD AMENDMENT TO ELECTRO-OPTICAL SCIENCES, INC. LEASE This amendment is made the 6th day of June, 2005, by and between Bridge Street Properties, LLC, a New York Limited Liability Company having an office at One Bridge Street, Irvington, New York 10533, and Electro-Optical Sciences, Inc., a Corporation having an office at One Bridge Street, Irvington, New York 10533. Witnesseth: Whereas, Owner (Bridge Street Properties, LLC) and Tenant (Electro-Optical Sciences, Inc.) entered into a lease dated December 16th, 1998 of certain premises located at One Bridge Street, Irvington, New York and Whereas, the term of the lease set forth therein is three years commencing upon, December 16, 1998 and ending upon December 15, 2001 and Now, Therefore, the parties hereto agree as follows: 1. The term set forth herein will be four years and commence July 1, 2005, and end on June 30, 2009. 2. The rate to be paid monthly/yearly will be as follows: Yearly Monthly ------ ------- 7/1/05 - 6/30/06 $100,386.00 $8,365.50 7/1/06 - 6/30/07 $103,397.58 $8,616.47 7/1/07 - 6/30/08 $106,499.51 $8,874.96 7/1/08 - 6/30/09 $109,694.49 $9,141.21 3. Clause #81, Termination Option, shall be removed. 4. New HVAC system shall be installed. The system will include 2 thermostatically controlled air dampeners. 5. A $5,100 electric upgrade to be completed as per the specifications discussed with Andy Lyons. 6. Security Deposit will increase to $17,232.94 equal to last two months rent. 7. Continuation of Lease Provisions: Except as amended herein, all other terms and conditions of the Lease shall remain in full force and effect for the duration of the Lease. /s/ William Thompson /s/ William Bronner _____________________________________ __________________________________ Bridge Street Properties, LLC Electro-Optical Science, Inc. Managing Member Vice President _____________________________________ __________________________________ Title Title 1