EXHIBIT 10.8(b)
[Commerce Communities Letterhead]
December 08, 1998
Xxxx Xxxxxx
c/o Applied Imaging
0000 Xxxxx Xxxxxx
Xxxxx Xxxxx, XX 00000
Re: Lease renewal 0000 Xxxxx Xxx., Xxxxx Xxxxx, XX
Dear Xxxx:
This letter will serve as our written agreement to extend your Lease two
(2) years. The Lease Extension is for that certain Lease dated April 17, 1997
by and between San Xxxxx Investors II, Landlord, and Applied Imaging Corp.,
Tenant, covering those certain premises known and numbered as stated above,
which Lease was to terminate November 30, 1998.
Landlord and Tenant hereby agree:
1. The term of said Lease shall be extended through November 30, 2000.
2. The base rent, as provided in paragraph 3, shall be increased to twenty
four thousand two hundred fifty dollars ($24,250.00) per month beginning
December 1, 1998 and continuing to November 30, 2000.
3. The security deposit shall be increased from $18,541.00 to $24,250.00.
4. Tenant acknowledges that there exists a license from the Principal
Mutual Life Insurance Company which permits the Tenant to pay rent to San Xxxxx
Investors II. Xxxxxx further acknowledges that the Principal Mutual Life
Insurance Company has the right to revoke such license and that upon such
revocation the Tenant will pay rent at such address as the Principal Mutual Life
Insurance Company may direct by written notice to Tenant.
5. Landlord will provide the following improvements at Landlord's expense:
a. new restroom floor tile
b. repaint restroom walls and toilet partitions
c. install new building standard light fixtures in restrooms
d. repair or replace carpet as shown on "Exhibit 1" to this renewal
6. All other terms and conditions of said Lease shall remain the same and
in full force and effect.
If the foregoing is acceptable, please have the appropriate party sign and
return both copies to me at your earliest convenience. A fully executed copy
will be returned to you.
Sincerely, AGREED & ACCEPTED:
/s/ Xxxxxxx Xxxxxx
COMMERCE COMMUNITIES CORP. By: /s/ Xxxxx Xxxxxxxx, Trustees
------------------------------
San Xxxxx Investors II, Landlord
/s/ Xxxxxxx X. Xxxxxxx Date:
Xxxxxxx X. Xxxxxxx
President
By: /s/ Xxxxxxx Xxxxxx
------------------------------
Applied Imaging Corp., Tenant
Date: 12/3/98
----------------------------
