EXHIBIT 10.15
ADDENDUM I
REFERENCE IS MADE TO THAT LEASE BY AND BETWEEN WHITE PROPERTIES JOINT VENTURE,
LESSOR, AND ORATEC INTERVENTIONS, LESSEE, DATED AUGUST 25, 1999.
To that certain Lease the following wording is added:
EXPANSION
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Lessor and Lessee hereby agree to expand the Premises to include approximately
11,500 square feet known as 0000X Xxxxx Xxxxxx (as shown on Exhibit A attached
hereto). The total Premises shall therefore be approximately 17,270 square feet.
The expansion shall be effective the date on which the existing tenant (Xxxxx X.
Xxxxxx Company) vacates the space, which is anticipated to be March 1, 2001.
The term of the lease for the entire Premises shall be extended for one year,
with a termination date of March 31, 2006.
Monthly Rent (NNN) shall be as follows:
3698A Haven 3698C Haven Total
Period Monthly Rent Monthly Rent Monthly Rent
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03/01/01-03/31/02 $11,101.00 $34,500.00 $45,601.00
04/01/02-03/31/03 $11,546.00 $35,880.00 $47,426.00
04/01/03-03/31/04 $12,007.00 $37,315.00 $49,322.00
04/01/04-03/31/05 $12,488.00 $38,808.00 $51,296.00
04/01/05-03/31/06 $12,988.00 $40,360.00 $53,348.00
Lessee shall take the expansion space "as is" except that Lessor shall re-carpet
and paint the interior of the premise.
Except as modified herein, all other terms and conditions of the base Lease
remain in full force and effect.
AGREED AND ACCEPTED:
LESSOR LESSEE
WHITE PROPERTIES JOINT VENTURE ORATEC INTERVENTIONS
/S/ Xxxxxx X. Xxxxx, III /s/ Xxxxx Xxxxxxxx
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Xxxxxx X. Xxxxx, III Xxxxx Xxxxxxxx
General Partner Chief Financial Officer
Date: 1/5/01 Date: 1/5/01
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