International Wixom, LLC Letterhead]
Page 1 of 2
Exhibit 10.37
[International
Wixom, LLC Letterhead]
August 20, 2010
Rockwell Medical Technologies, Inc.
Xxx Xxxxxxx
00000 Xxxxx Xxxx
Xxxxx, XX 00000
Xxx Xxxxxxx
00000 Xxxxx Xxxx
Xxxxx, XX 00000
Re: Lease Renewal Agreement 00000 Xxxxx Xx, Xxxxx, XX 00000 Xxxxx Xx, Xxxxx, XX Total Square Footage: 68,358- |
Dear Xx. Xxxxxxx,
Please note the following offers to renew the above referenced facilities. Our company is
willing to discount the renewal rate in order to give you the most competitive possible
rate. Your new monthly rate would be as follows for the terms stated below:
00000 Xxxxx Xxxx
(2) Years
|
September 1, 2010- August 31, 2012 | $18,012.21 per month | ||
All above Amounts subject to NNN per Month |
Your escrow payment in the amount of $9,900.00 will be in addition to the above quoted rental
amounts. This escrow amount will be due each month thru December 31, 2010. At that time an escrow
analysis will be completed and the figure could change based upon actual expense.
00000 Xxxxx Xxxx:
(1) Year
|
September 1, 2010- August 31, 2011 | $4,740.00 per month | ||
All above Amounts subject to NNN per Month |
Your escrow payment in the amount of $3,195.33 will be in addition to the above quoted rental
amounts. This escrow amount will be due each month thru December 31, 2010. At that time an escrow
analysis will be completed and the figure could change based upon actual expense.
Commensurate with the execution of this agreement, Rockwell Medical Technologies, Inc. shall supply
to International Wixom, LLC financial guarantees in such a manner as acceptable to International
Wixom, LLC which shall serve to guarantee the lease payment over its term as referenced herein.
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The above rates are based on a renewal of the lease in an “as is” condition. All other
terms and conditions of your original lease and subsequent lease renewals will remain in
effect.
Please initial where indicated, fully execute on page 2 and fax back to 000-000-0000 prior
to Tuesday, August 24, 2010. Upon receipt three (3) original copies will be
mailed for your execution. Once received, a completely executed copy will be returned to
you via first class mail.
The parties agree that all of their respective rights and obligations under the Lease, as amended,
shall remain in full force and effect
This Lease Renewal Agreement shall be fully binding once executed by both Xxxxxx and Landlord.
This is a confidential document which is not to be discussed with any third parties.
Please feel free to contact me at my office (000) 000-0000 should you have any questions.
Very truly yours,
International Wixom, LLC
International Wixom, LLC
Agreed to and Accepted By:
|
Xxxxxx to and Accepted By: | |||
International Wixom, LLC
|
Rockwell Medical Technologies, Inc | |||
/s/ Xxxxxx Xxxxxx
|
/s/ Xxxxxx X. Xxxxxxx | |||
Xxxxxx Xxxxxx, Member
|
Xxxxxx X. Xxxxxxx, President | |||
Date: 08/27/2010
|
Date: 08/27/2010 |