EXHIBIT 10.7
FIFTH AMENDMENT attached to and made a part of that certain Lease dated
September 10, 1991, between FIRST INDUSTRIAL MORTGAGE PARTNERSHIP, L.P.,
successor in interest to WS Development Company, as Landlord, and SOMANETICS
CORPORATION, as Tenant, covering Premises at 0000 X. Xxxxx Xxxx, Xxxx, Xxxxxxxx.
NOTWITHSTANDING anything to the contrary contained in the Lease, Agreement,
Addenda to Lease, Termination of Agreement, and Extension of Lease to which this
Fifth Amendment is attached to and made a part thereof, the Landlord and Tenant
agree as follows:
1. The Term of the Lease shall be extended one (1) year, commencing January 1,
2004 and terminating December 31, 2004.
2. The minimum net rent for said extended one (1) year Term shall be Two
Hundred One Thousand Nine Hundred Ninety-Seven and 44/100 Dollars
($201,997.44) payable in monthly installments in advance as follows:
Months Monthly Base Rent
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January 1, 2004 - December 31, 2004 $ 16,833.12
All other terms and conditions of said Lease, Agreement, Addenda to Lease,
Termination of Agreement and Extension of Lease to remain in full force and
effect unless in conflict with the terms and conditions of this Fifth Amendment
shall prevail and control.
LANDLORD:
FIRST INDUSTRIAL MORTGAGE
PARTNERSHIP, L.P., a Delaware limited
partnership, successor in interest to WS
Development Company
By: First Industrial Mortgage
Corporation, a Maryland corporation
Its: General Partner
/s/ Xxxxxxx X. Xxxxxxxxxx
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By: Xxxxxxx X. Xxxxxxxxxx
Senior Regional Director
TENANT:
SOMANETICS CORPORATION, a Michigan
corporation
By: /s/ Xxxxx X. Xxxxxxx
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Dated: January 22, 2003 Its: President and CEO
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