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EXHIBIT 10.9
THIRD ADDENDUM
ATTACHED TO AND MADE A PART OF OFFICE LEASE
DATED AUGUST 24, 1996
BETWEEN SUNRISE OFFICE INVESTMENT, L.L.C. "LANDLORD"
AND COMPURAD, INC., A DELAWARE CORPORATION, "TENANT"
AND RIDER THERE TO
This Third Addendum to Lease is made and entered into effective as of
the 29 day of January 1997, by and between SUNRISE INVESTMENTS, L.L.C., an
Arizona limited liability company ("Landlord"), and COMPURAD, INC., an Arizona
corporation ("Tenant") in reference to the following recitals:
A. Landlord and Tenant entered into that certain lease consisting of an Office
Lease together with a Rider, an Addendum attached thereto, each dated August
24, 1996, and a Second Addendum dated October 1, 1996 for Demised Premises in
the Sunrise Office Building, as defined in Section I, Article F of the Lease.
B. Landlord desires to lease to Tenant and Tenant desires to lease from
Landlord an additional portion of the second floor of the Sunrise Office
Building designated as Suite 222 on the terms and conditions set forth in the
Lease as modified by this Third Addendum.
Now therefore, in consideration of the terms, conditions, and covenants
contained herein, Landlord and Tenant hereby revise and amend the Lease as set
forth below.
1. Landlord hereby leases to Tenant, and Tenant hereby takes from Landlord,
that certain portion of the second floor of the Sunrise Office Building
containing approximately 1,492 rentable square feet designated as Suite 222,
for the Lease Term, subject to the terms, covenants and conditions of this
third Addendum.
2. The term "Lease" shall mean the Office Lease, Rider, Addendum dated August
24, 1996, the Second Addendum, together with this third Addendum.
3. Section I, Article F of the Lease is hereby amended to reflect that the
Demised Premises shall additionally include that portion of the second floor in
the Building commonly known as Suite 222 as shown in cross-hatching on Exhibit
"A-2" attached hereto and made a part of the Lease by this reference.
4. Landlord shall deliver notice to Tenant when Suite 222 becomes available for
occupancy ("Landlord's Notice"), which is anticipated to occur on or about May
14, 1997, with the understanding that Landlord shall not be obligated to
deliver Suite 222 until the current tenant has vacated the premises. Tenant
shall be deemed to have accepted Suite 222 on the date of receipt of Landlord's
Notice. Subject to the provisions of the following sentence, Tenants'
obligation to pay Base Annual Rent on Suite 222 (the "Suite 222 Rent Date'')
shall commence on the date of delivery of Landlord's Notice. Notwithstanding
the foregoing, if Landlord delivers Landlord's Notice prior to May 14, 1997,
Tenant's obligation to pay Base Annual Rent shall commence on the earliest of
(i) actual occupancy by Tenant, (ii) fifteen (15) days following Tenant's
receipt of Landlord's Notice, or (iii) May 14, 1997.
5. Paragraph 8 of the Second Addendum is hereby amended to reflect that
effective from and after the Suite 222 Rent Date the amount of BASE ANNUAL RENT
payable under the Lease shall be as follows:
Suite 222, Rent Date- September 30, 1997 $17,727.36 per month
October 1, 1997 September 30, 1998 $18,434.61 per month
October 1, 1998 September 30, 1999 $19,168.15 per month
October 1, 1999 September 30, 2000 $19,938.30 per month
October 1, 2000 September 30, 2001 $20,732.89 per month
Landlord:_______________
Tenant:_________________
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Paragraph 8 of the Second Addendum is further amended to reflect that
taxes and other charges referenced thereunder shall be payable with respect to
Suite 222 commencing on the Suite 222 Rent Date.
6. Effective as of the Suite 222 Rent Date, Section I, Article L shall read in
its entirety as follows:
Tenant's Share of Any Increase of Taxes and/or Operating Costs
over the amount of Taxes and/or Operating Costs during the Base Year (Section
II, Article 28): 67.5 percent of 21,745 rentable square feet in the Project.
7. Landlord and Tenant acknowledge and agree that the amount of the Tenant
improvement allowance applicable to Suite 222 in accordance with Paragraph 2
of the Addendum shall be $6,714.00.
8. All defined terms used in this Third Addendum, as indicated by an initial
capital letter, and not otherwise defined herein, shall have the meaning
ascribed in the Lease.
9. Landlord and Tenant acknowledge and agree that: (i) the Lease is the only
agreement between Landlord and Tenant with respect to the Demised Premises, (ii)
the terms and conditions of the Lease remain unchanged except as expressly set
forth in this Third Addendum, (iii) except as otherwise provided in this Third
Addendum Tenant has accepted and is in full possession of the Demised Premises,
(iv) there are no defaults under the Lease on the date hereof and no facts or
circumstances which with the giving of notice, the passage of time or the act
of a third party would constitute a default thereunder, (v) and the Lease as
modified by this Third Addendum remains in full force and effect.
10. This Third Addendum may be executed in counterparts, each of which shall
constitute an original but which together shall constitute one and the same
instrument. This Third Addendum shall be effective when signed by the parties
and transmitted by each party to the other by facsimile transmission, with each
party to deliver duplicate originals promptly thereafter.
Tenant:
COMPURAD, INC., a Delaware corporation
By:
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Its:
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Date:
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Landlord:
SUNRISE OFFICE INVESTMENT, L.L.C.,
an Arizona limited liability company
By:
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Its:
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Date:
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Landlord:
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Tenant:
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SUNRISE OFFICE BUILDING
COMPURAD, INC.
LEASED PREMISES FLOOR PLAN
(NOT TO SCALE)
Landlord:
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Tenant:
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