ADDENDUM TO LEASE DATED OCTOBER 4, 1991
between
S&R Costa (the "Lessor")
and
INRAD, Inc. (the "Lessee")
The parties agree to the following terms and conditions:
1. The Lessor will extend the term of the lease for the existing premises
(31,042 sq ft) for five years at the fixed rate of $6.30 per square foot.
The term of the extension is from November 1, 1996 through October 31,
2001.
2. The lessee's area of 31,041 square feet represents 44.4003% of the total
building.
3. The base rent of $6.30 per square foot is fixed and not to be increased by
changes in the consumer price index.
4. The Lessee has the option to renew the lease for one additional term of
five years at a negotiated rate.
5. The Lessor, at the Lessor's expense, will install a new roof on the
Lessee's space by June 30, 1997. The Lessor will also have semi-annual
preventive maintenance performed on the roof.
6. The Lessor, at the Lessor's expense, will pave the parking lot by September
30, 1997.
Agreed to by Agreed to by
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S&R Costa INRAD, Inc.
