EXHIBIT 10.6
FIRST AMENDMENT TO LEASE
THIS SECOND AMENDMENT TO LEASE ("Amendment") dated August 12, 2005 for reference
purposes, is made and entered into by and between L.A.T. INVESTMENT CORPORATION,
a California corporation ("Landlord"), and COMPUMED, INC., a Delaware
corporation ("Tenant").
RECITALS
The Amendment is made with reference to the following facts and objectives:
A. Landlord and Tenant entered into a written lease dated June 24, 1999 (the
"Lease") in which Landlord leased to Tenant and Tenant leased from Landlord
certain premises located at 0000 Xxxx Xxxxxxx Xxxxxxxxx, Xxxxx 0000 and 315 Xxx
Xxxxxxx, Xxxxxxxxxx 00000 (the "Premises").
B. Tenant desires to extend the Lease Term, and Landlord agrees to such
extension on and subject to the terms, covenants and conditions set forth in
this Amendment.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants set forth herein,
Landlord and Tenant do hereby amend the Lease as follows:
1. Lease Term
The Lease Term shall be extended for a period of one (1) year ("Extended Term")
commencing n September 1, 2005 and expiring on August 31, 2006.
2. Rent
The Monthly Rent for the Premises shall be $11,822.08 effective September 1,
2005.
Second Amendment to Lease
Compumed, Inc.
August 12, 2005
Page 2
3. Excused Rent
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Notwithstanding section 5.2 of the Lease, Landlord hereby conditionally
waives Tenant's obligation to pay one half of the Monthly Rent in months 6 and
12 of the Extended Term for a total of two (2) months, subject to all the
provisions of section 5.2 of the Lease.
RATIFICATION.
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Except as modified expressly or by necessary implication hereby, all of the
terms and conditions of the Lease shall remain unchanged and in full force and
effect. To the extent the provisions of this Amendment are inconsistent with the
provisions of the Lease, the provisions of this Amendment shall control and
supersede such inconsistent provisions in the Lease.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date set
forth below.
TENANT:
COMPUMED, INC.,
a Delaware corporation
By: /s/ Xxxx X. XxXxxxxxxx
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Date signed: August 17, 2005
LANDLORD:
L.A.T INVESTMENT CORPORATION,
a California corporation
By: /s/Xxxxx Xxxxx
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Date Signed: August 25, 2005
