EXHIBIT 10.2
SECOND AMENDMENT TO THE LEASE
Xxxxxxx-Xxxxx, a Minnesota General Partnership, Landlord, and Diametrics
Medical, Inc., a Minnesota Corporation, Tenant, entered into a Commercial Lease
(Lease) dated July 31, 1996, for the leased premises containing 31,433 square
feet of space located at 0000-0000 Xxxxxx Xxxx, Xxxxxxxxx, Xxxxxxxxx.
Both parties wish to amend this Lease as follows;
1. TERM
The term of this lease shall be extended by two (2) years and five (5)
months commencing October 1, 2001, and terminate on February 28, 2004.
2. RENT
Beginning October 1, 2001, monthly Base Rent shall be amended as
follows:
Term Monthly Base Rent
October 1, 2001 - February 28, 2003 $19,121.74
March 1, 2003 - February 28, 2004 $19,695.39
3. IMPROVEMENTS
Tenant shall submit to Landlord paid invoices and lien waivers for
reimbursement up to $50,607.13 for improvements to the Demised
Premises. Any costs incurred in excess of $50,607.13 shall be paid by
Tenant.
All other terms, conditions and obligations outlined in the Lease remain in full
force and effect.
As agreed by:
LANDLORD:
XXXXXXX-XXXXX, a Minnesota General Partnership,
Signature: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
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Title: Managing Partner Dated: 6/15/99
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TENANT:
DIAMETRICS MEDICAL, INC. a Minnesota Corporation,
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Signature: /s/ Xxxxxxxx X. Xxxxxxxxx
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Name: Xxxxxxxx X. Xxxxxxxxx
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Title: Chief Financial Officer Dated: 6/7/99
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SECOND AMENDMENT TO THE LEASE
Xxxxxxx-Xxxxx, a Minnesota General Partnership, Landlord, and Diametrics
Medical, Inc., a Minnesota Corporation, Tenant, entered into a Commercial Lease
(Lease) dated July 31, 1996, for the leased premises containing 15,091 square
feet of space located at 0000-0000 Xxxxxx Xxxx, Xxxxxxxxx, Xxxxxxxxx.
Both parties wish to amend this Lease as follows;
1. TERM
The term of this lease shall be extended by four (4) years and five (5)
months commencing October 1, 1999, and terminate on February 28, 2004.
2. DEMISED PREMISES
The Demised premises shall be reduced by 3,257 square feet (Bay 2662).
The adjusted total for the Demised Premises shall be 11,834 square
feet. Tenant shall vacate the reduction space not later than September
30, 1999.
3. RENT
Beginning October 1, 1999, monthly Base Rent shall be amended as
follows:
Term Monthly Base Rent
October 1, 1999 - February 28, 2002 $8,313.39
March 1, 2002 - February 28, 2003 $8,562.79
March 1, 2003 - February 28, 2004 $8,819.67
4. IMPROVEMENTS
Tenant shall submit to Landlord paid invoices and lien waivers for
reimbursement up to $19,052.74 for improvements to the Demised
Premises. Any costs incurred in excess of $19,052.74 shall be paid by
Tenant.
All other terms, conditions and obligations outlined in the Lease remain in full
force and effect.
As agreed by:
LANDLORD:
XXXXXXX-XXXXX, a Minnesota General Partnership,
Signature: /s/ Xxxxxx X. Xxxxxxx
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Name: Xxxxxx X. Xxxxxxx
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Title: Managing Partner Dated: 6/15/99
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TENANT:
DIAMETRICS MEDICAL, INC. a Minnesota Corporation,
Signature: /s/ Xxxxxxxx X. Xxxxxxxxx
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Name: Xxxxxxxx X. Xxxxxxxxx
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Title: Chief Financial Officer Dated: 6/7/99
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