EXHIBIT 10.13
ADDENDUM II
REFERENCE IS MADE TO THAT LEASE BY AND BETWEEN XXXXXXX & XXXXXXX/XXXXXX &
KEYSER, LESSOR, AND ORATEC INTERVENTIONS INC., LESSEE, DATED AUGUST 2, 1996.
To that certain Lease the following wording is added:
EXPANSION
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Lessor shall construct an additional plus or minus 4,450 square feet to the
existing building (plus or minus 15,440 square feet) for a total building square
footage of plus or minus 19,890 square feet. The Lease term for the entire
Premises shall be extended for a period of seven (7) years, commencing on July
1, 2001 or on the later date on which Lessor delivers the expanded Premises to
be provided by the Lessor complete and final city approvals or approvals
necessary for the lawful occupancy of the expanded Premises having been
received.
For the expanded Premises, Lessor shall, at Lessor's sole cost, provide an
"industrial shell" which includes all structural items of the building including
the building exterior walls, foundation, floors, parking areas, outside
lighting, roof, roof structure, shell sprinklers, warehouse lighting, ceiling
insulation, landscaping, power to the expanded Premises (not including the
electrical panel), and all other utilities stubbed in at the shell. Lessor's
contractor shall install and Lessee shall pay for all interior improvements
including, but not limited to, plumbing distribution from Lessor's delivery of
plumbing to the existing slab, roof screens, main electrical service panel,
Lessee's HVAC systems, fire service, electrical distribution, interior finishes
and all other partitions, ceilings and improvements of the Lessee's interior
space as well as the cost of permits, drawings and consultant fees related to
design, approval and installation of the Lessee's tenant improvements.
Monthly Rent (NNN) for the expanded Premises shall be as follows:
(Existing) (Expansion) Total
Period Monthly Rent Monthly Rent Monthly Rent
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07/01/01-10/23/02 $30,609.00 $13,350.00 $43,959.00
10/24/02-10/23/03 $31,730.00 $13,884.00 $45,614.00
10/24/03-10/23/04 $50,026.00 $14,439.00 $64,465.00
10/24/04-10/23/05 $52,027.00 $15,017.00 $67,044.00
10/24/05-10/24/06 $54,108.00 $15,617.00 $69,725.00
10/24/06-10/24/07 $56,272.00 $16,242.00 $72,514.00
10/24/07-10/24/08 $58,523.00 $16,892.00 $75,415.00
Except as modified herein, all other terms and conditions of the base Lease
remain in full force and effect.
AGREED AND ACCEPTED:
LESSOR LESSEE
XXXXXXX & XXXXXXX/ ORATEC INTERVENTIONS INC.
XXXXXX & XXXXXX
/S/ Xxxxxx X. Xxxxx, III /s/ Xxxxx Xxxxxxx
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Xxxxxx X. Xxxxx, III Xxxxx Xxxxxxx
General Partner Chief Financial Officer and Administrative
Vice President
Date: 1/15/01 Date: 1/15/01
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