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EXHIBIT 10.27.1
LEASE AGREEMENT
Lease Agreement, dated as of October 30, 1996, between
AMERICAN NATIONAL BANK & TRUST COMPANY OF CHICAGO, TRUST NUMBER 40365, as
Landlord ("Landlord"), and SABRATEK CORPORATION, A DELAWARE CORPORATION, as
Tenant ("Tenant").
WHEREAS, Tenant and Landlord wish to amend that certain Lease
with Riders, dated May 31, 1994, as amended February 5, 1995, for the premises
("Premises") commonly known as 5601-11 and 0000 X. Xxxxxx Xx., Xxxxx, XX 00000
(the "Lease").
NOW THEREFORE, the parties agree to increase the size of the
leased premises and amend the Lease as follows, effective November 15, 1996
1. SPACE. Tenant agrees to leave 0000 - 0 X. XXXXXX XX., XXXXX, Xxxxxxxx,
in addition to the existing space leased at 5601-11 & 0000 X. XXXXXX
XX., XXXXX, Xxxxxxxx. The total space leased will increase to 37,988
square feet with approximately 9,363 square feet of office space.
2. BASE RENTAL. BASE RENTAL SHALL BE INCREASED IN ACCORDANCE WITH THE
FOLLOWING SCHEDULE:
PERIOD PERIOD BASE MONTHLY BASE
RENTAL RENTAL
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November 15, 1996 through October 31, 1997 $225,087.50 $18,007
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November 1, 1997 through October 31, 1998 $223,080 $18,590
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November 1, 1998 through October 31, 1999 $230,136 $19,178
3. SECURITY DEPOSIT. The Tenant's Security Deposit as defined in 1.3
shall increase from $28,014 TO $36,370.
4. TENANT'S BASE TAXES. The Tenant's Base Taxes as defined in 3.1(b)
shall increase from $36,673.20 TO $45,585.60.
5. TENANT'S PRO RATA SHARE. The Tenant's Pro Rata Share as defined in
3.1(b)(i) shall increase from 46.94% TO 58.35%.
6. RENTABLE AREA OF THE PREMISES. The Rentable Area of the Premises as
defined in 3.1(b)(ii), shall increase from 30,561 square feet to
37,988 square feet.
7. LANDLORD'S IMPROVEMENTS. Landlord shall, at its solo cost and
expense, complete the following improvements:
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a. Demolish and remove the counter and the a/v storage
room in warehouse area.
b. Cut opening and install double metal door between
warehouse and "blue room" office space.
c. Reopen masonry wall between 5611 and 5613 spaces,
in two places where it had previously been open, and
install doors.
8. BASE RENTAL ABATEMENT. Base Rental during the one month of December
1996 shall xxxxx in the amount of $4,178.
Except as expressly amended hereby, the terms and conditions of the Lease shall
remain in full force and effect. To the extent the Lease is inconsistent with
the terms herein, the terms herein shall control.
LANDLORD:
ROSE REAL ESTATE SERVICES, INC.
Not personally, but as Agent for the beneficiaries of
AMERICAN NATIONAL BANK AND TRUST COMPANY
OF CHICAGO, TRUST NUMBER 40365
By: /s/ Xxxxxxx X. Xxxx
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Print Name: Xxxxxxx X. Xxxx
Title: Chairman
TENANT:
SABRATEK CORPORATION, A DELAWARE CORPORATION
By: /s/ Xxxxx Xxxxxxxxx
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Print Name: Xxxxx Xxxxxxxxx
Title: Vice President Finance
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