Exhibit 10.41 SECOND ADDENDUM TO LEASE
SECOND ADDENDUM TO LEASE
THIS AGREEMENT, made and entered into as of this 21st day of July 1997, by
and between TECH CENTER PARTNERS, a California general partnership (hereinafter
referred to as "Landlord"), and CALYPTE BIOMEDICAL CORPORATION, a Delaware
corporation (hereinafter referred to as "Tenant"):
WITNESSETH
WHEREAS, on the 30th day of September 1992, COMMERCIAL CENTER BANK, a
California corporation (hereinafter referred to as "Previous Landlord"), and
Tenant entered into an Agreement to Lease and First Addendum to Lease covering
those certain premises consisting of Twenty Thousand Three Hundred Eleven
(20,311) rentable square feet in that certain building situated in the City of
Alameda, County of Alameda, State of California and more commonly known as 0000
Xxxxxx Xxx Xxxxxxx, for a period of five (5) years; and
WHEREAS, Previous Landlord has transferred all interest in said Agreement
to Lease and First Addendum to Lease to Landlord; and
WHEREAS, Landlord and Tenant now desire to amend the terms of said
Agreement to Lease, and First Addendum to Lease in certain particulars
hereinafter set forth;
NOW THEREFORE, the parties agree as follows:
1) Term: The term of said Agreement to Lease and First Addendum to Lease
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shall be extended for a period of five (5) years, commencing on November 15,
1998 and terminating on November 14, 2003, (hereinafter referred to as
"Extension Period"). Tenant has the right to cancel this Extension Period at any
time between the date of execution of this agreement and August 1, 1997
(hereinafter referred to as "Notification Date") with the giving of a written
notice to Landlord.
The landlord agrees to give Tenant written notice via registered mail on
July 25, 1997 that the August 1, 1997 Notification Date is imminent. This
notice should be addressed to:
Mr. Xxxx XxXxxxxx
Chief Financial Officer
Calypte Biomedical
0000 Xxxxxx Xxx Xxxxxxx
Xxxxxxx, XX 00000
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Notwithstanding the above, if Tenant requests and the Landlord pays any
portion of the Tenant Improvement Allowance under paragraph 5 of this Second
Addendum to Lease, and then cancels this extension period, the Tenant will repay
Landlord, within ten (10) days of cancellation of said extension period, for the
Tenant Improvements paid for under paragraph 5 of this Second Addendum.
2) Base Rent: Base rent for the Extension Period shall be paid on the same
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terms and conditions as the Agreement to Lease and First Addendum to Lease and
in accordance with the following Base Rent Schedule:
Dates Monthly Rate Per Square Foot Rate
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11/15/98-11/14/00 $28,435.40 $1.40
11/15/00-11/14/03 $30,466.50 $1.50
3) Operating Expenses: Effective November 14, 1998, Lessee's Operating
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Expense Base Year shall be 1998. All Operating Expenses up to and including
said November 14, 1998 date shall be paid based on Lessee's Base Year of 1994 as
stipulated in the Agreement to Lease.
4) Right to Expand: In addition to those rights set forth in Item 1 of the
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First Addendum to Lease and during the terms that the Agreement to Lease, First
Addendum to Lease, and Second Addendum to Lease are in full force and effect and
further provided that the Lessee is not in default, Lessee shall have the
additional right to expand into the currently occupied commercial space located
at 1275 and 0000 Xxxxxx Xxx Xxxxxxx, exclusive of the Premises currently
occupied by Versar, (hereinafter referred to as the "Potential Expansion
Space"), should the Potential Expansion Space become vacant and available,
subject to the following conditions:
A. Lessor shall notify Lessee in writing that the Potential Expansion
Space will become or is currently vacant and available. Unless, within ten (10)
days of said notice, Lessee notifies Lessor in writing of this intention to
exercise its right to expand, Lessor thereafter shall be entitled to negotiate
with any third party for lease of the Potential Expansion Space. Lessee's right
to expand shall continue until such time as limited by paragraph "B" herein.
B. Upon Lessor's receipt of a third party's request for proposal or upon
the preparation of a proposal by the Lessor to a third party, Lessor shall
notify Lessee, in writing, that negotiations are proceeding with a third party.
Unless, within ten (10) days of said notice, Lessee then notifies Lessor in
writing of its intention to exercise its right to expand, Lessee shall be deemed
to have waived its right to expand and Lessor shall thereafter be entitled to
lease the Potential Expansion Space to said third party.
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C. In the event that Lessee exercises its right to expand then Lessor and
Lessee shall enter into negotiations subject to the terms and conditions of Item
1 in the First Addendum to Lease. The resulting agreement shall incorporate the
same terms and conditions and obligations contained in the Agreement to Lease,
First Addendum to Lease and Second Addendum to Lease.
5) Tenant Improvement Allowance-Premises: So long as Lessee is not in
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default of the Agreement to Lease, First Addendum to Lease and Second Addendum
to Lease, Lessor and Lessee understand and agree that Lessor will give Lessee a
Tenant Improvement Allowance of Fifty Thousand and 00/100 Dollars ($50,000.00).
One half (1/2) of this Allowance shall be paid to Tenant upon Landlord's written
approval of Tenant proposed space improvement plan and one half (1/2) of this
Allowance shall be paid to Tenant upon substantial completion of tenant's
proposed improvements.
6) Estoppel: Tenant agrees that (i) Landlord has performed all of its
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obligations under the Lease to the date hereof, and (ii) no event has occurred
or is occurring which, with the passage of time or the giving of notice, or
both, would constitute a default under the Lease.
7) Ratification: As amended hereby, the Lease is ratified and
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confirmed in all respects.
In witness whereof, the undersigned have executed this instrument as of the date
hereinabove written.
LANDLORD: TENANT:
EMPIRE VECWEST (TECH CENTER), INC. CALYPTE BIOMEDICAL
TECH CENTER PARTNERS CORPORATION
a California general partnership a Delaware corporation
By: ___________________________________ By: ____________________
Xxx X. Xxxxxxxx Xxxx XxXxxxxx
Its: Chief Financial Officer Its: Chief Financial Officer
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