Exhibit 10.34.1
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RENEWAL AND AMENDMENT OF LEASE NO. 1
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THIS RENEWAL AND AMENDMENT OF LEASE NO. 1 (hereinafter referred to as
"Agreement") is entered into this 1st day of November, 2000, by and between
SUNHALA ENTERPRISES, LLC, a California limited liability company, hereinafter
referred to as "Landlord", and SYNBIOTICS CORPORATION, hereinafter referred to
as "Tenant".
RECITALS
A. On or about May 1, 1996, Sunhala Enterprises, a California general
partnership ("Original Landlord") and Tenant entered into a written Single
Tenant Industrial Lease (the "Lease") for the lease of that certain building
(the "Building"), containing approximately 24,000 square feet, the address of
which is 00000 Xxx Xxxxxxxx, Xxx Xxxxx, Xxxxxxxxxx (the "Premises"). the
Premises are more particularly described and illustrated in Exhibit B of the
Lease. All capitalized terms herein shall have the same meanings as set forth
in the Lease unless specifically provided to the contrary.
B. Landlord has acquired all of the fee simple ownership in the Project.
C. Landlord and Tenant desire to extend the Term of the Lease and to otherwise
amend the Lease as set forth herein.
AGREEMENT
NOW, THEREFORE, for and in consideration of the premises and the mutual
covenants hereinafter contained, the parties do hereby agree as follows:
1. Amendment of Lease:
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A. The Lease is hereby amended to provide that the Term of the Lease
shall expire on April 30, 2006.
B. The Lease is hereby amended to provide that, effective May 1, 2001,
the Annual Rent shall be $201,600.00, and the Monthly Rent shall be
$16,800.
2. Effectiveness of Lease. Except as expressly provided herein, nothing in
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this Agreement shall be deemed to waive or modify any of the provisions of the
lease, or any amendment or addendum thereto. In the event of any conflict
between the Lease, this Agreement or any other amendment or addendum thereof,
the document later in time shall prevail.
3. Successors and Assigns. This Agreement shall be binding upon and inure to
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the benefit of the heirs, executors, administrators, successors and assigns of
the respective parties hereto.
4. Counterparts. This Agreement may be executed in several counterparts, each
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of which may be deemed an original, but all of which together shall constitute
one and the same Agreement.
5. Warranty of Authority. The person or persons executing this Agreement on
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behalf of Tenant represent, covenant and warrant to Landlord as of the date
Tenant executed and delivers this Agreement that the signatories signing on
behalf of Tenant have the requisite authority to bind Tenant pursuant to
Tenant's bylaws or a certified copy of a resolution authorizing the same by
Tenant's Board of Directors.
6. Effective Date. This Agreement shall become effective as of the date first
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set forth above.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and
year first above written.
LANDLORD: TENANT:
SUNHALA ENTERPRISES, LLC. SYNBIOTICS CORPORATION,
a California limited liability company a California corporation
By: /s/ Xxxxx X. XxXxxxxx By: /s/ Xxxxxxx X. Xxxxx
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Xxxxx X. XxXxxxxx, President Xxxxxxx X. Xxxxx, Senior Vice
President & CFO
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