LEASE EXTENSION AGREEMENT #1 (Three Prospect—1613 Prospect Parkway)
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Exhibit 10.17
(Three Prospect—0000 Xxxxxxxx Xxxxxxx)
THIS LEASE EXTENSION AGREEMENT is made and entered into this 20th day of October 2003.
| LANDLORD: | The Landlord is GB Ventures, LLP. |
TENANT: |
The Tenant is Heska Corporation |
LEASE AGREEMENTS: |
That certain Lease Agreement between Landlord and Tenant dated June 27, 1996. |
PREMISES: |
The Leased Premises consist of approximately 16,800 square feet at 0000 Xxxxxxxx Xxxxxxx, Xxxx Xxxxxxx, Xxxxxxxx, in the project commonly known as Three Prospect. |
CURRENT LEASE EXPIRATION: |
October 1, 2004. |
NEW LEASE EXPIRATION: |
May 31, 2005. |
EXTENSION PERIOD BASE MONTHLY RENTAL RATE: |
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The base monthly rental rate for the Lease Extension Period shall be as follows: |
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October 1, 2004 to May 31, 2005 |
$15,571.89/month NNN with a Consumer Price Index increase (3%min - 6%max) on: September 1, 2004 |
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OPTION TO EXTEND: |
Tenant shall have one (1) option to extend the term of this Lease for one (1) year at same rental rate plus a Consumer Price Index increase (3%min - 6%max) on September 1, 2005. Tenant shall give written notice to landlord no later than May 31, 2004. |
BROKERAGE FEE: |
A brokerage fee shall be paid to Equis Corporation per separate agreement. |
OTHER TERMS & CONDITIONS: |
All other terms and conditions of that Lease Agreement between Landlord and Tenant dated June 27, 1996, which have not been superseded by terms and conditions of this Lease Extension Agreement #1, shall remain the same. |
OFFER PERIOD: |
This Lease Extension offer shall remain in effect through October 27th, 2003. |
LANDLORD: |
TENANT: |
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GB VENTURES, LLP |
HESKA CORPORATION |
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/s/ XXXXXXX X. XXXXXXXX |
/s/ XXXXX X. XXXXXXXXXX |
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| By: | XXXXXXX X. XXXXXXXX, Managing Partner |
By: | XXXXX X. XXXXXXXXXX Executive Vice President and Chief Financial Officer |
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LEASE EXTENSION AGREEMENT #1
