Exhibit 10.50
LEASE EXTENSION AGREEMENT
This agreement is dated February 26, 1999 for reference purposes and is an
additional modification to the current Lease dated November 30, 1990 between
Xxxxxxx X. Xxxxx and Xxxx Xxxxxxxxx (LESSOR) and Urnotech Calypte Biomedical
Corporation (LESSEE) for the property known as 0000 Xxxxxx Xxxxxx, Xxxxxxxx,
Xxxxxxxxxx.
1.) LEASE EXTENDED THROUGH December 1999. The Lease is hereby extended six
months through December 31, 1999. The lease rate for this extension period
will be at $27,000 per month.
2.) HOLDING OVER. If LESSEE remains in possession of the premises per
Paragraph 26 (Holding Over), then the agreed monthly rent is $29,000.
SIGNED BY: /s/ Xxxxxxx X. Xxxxx General Partner February 26, 1999
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FOR LESSOR TITLE DATE
SIGNED BY: /s/ Xxxxxxx X. Xxxxxx CEO March 3, 1999
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FOR LESSEE TITLE DATE
