EXHIBIT 10.14
SECOND AMENDMENT TO LEASE
-------------------------
This Amendment dated October 12, 2004 (for reference purposes only) is
made by and between Tasman V, LLC (hereinafter sometimes called "Landlord") and
Adeza Biomedical Corporation (hereinafter sometimes called "Tenant") for the
Premises commonly known as 0000 Xxxx Xxxxx, Xxxxxxxxx, Xxxxxxxxxx.
RECITAL
-------
A. Tenant entered into that certain Lease Agreement dated July 7, 199
with Landlord for the premises.
B. On August 8, 2002, Tenant extended the Lease according to the First
Amendment to Lease.
C. The current lease term and extension expired on April 14, 2004 and
Tenant has remained month-to-month.
D. Subject to the provisions of the Lease Agreement and this Second
Amendment, Tenant wishes to renew the Lease.
AGREEMENT
---------
For and in consideration of the mutual covenants and undertakings set
forth hereinafter, the parties agree as follows:
1. EXTENSION OF THE LEASE TERM: The Lease shall be extended an
additional one (1) year from October 1, 2004 to September 30, 2005.
2. BASE MONTHLY RENT: The monthly rent due under said Lease shall remain
unchanged at Sixteen Thousand Seven Hundred Twenty and 00/100 Dollars
($16,720.00).
3. OPTION TO RENEW: Tenant shall have the option to extend the term of
the Lease on all of the provisions contained in the Lease for one (1)
three (3) month period following the expiration of the term as
specified in Paragraph 1 of this Agreement by giving written notice of
exercise of the option to Landlord not less than one hundred twenty
(120) days before the expiration of the Lease. The base monthly rent
to be paid by Tenant during the option term shall remained unchanged
from the rent specified in Paragraph 2 of this agreement.
4. ADDITIONAL TERMS: Should Tenant choose to exercise the option to
extend the Lease as provided in Paragraph 3 above, Tenant shall have
the option to extend the term of the Lease on all of the provisions
contained in the Lease, except for rent, for two (2) additional one
(1) year periods following the expiration of the Lease term by giving
Page 1 of 2
written notice to Landlord not less than sixty (60) days prior to the
expiration of the three (3) month option, and not less than one
hundred twenty (120) days before the expiration of the first one (1)
year option as specified in this Agreement. The minimum rent to be
paid to by Tenant during each of the option periods shall be at fair
market value.
5. TENANT IMPROVEMENTS: Landlord agrees to fund Six Thousand and 00/100
Dollars ($6,000.00) to Tenant for improvements to the leased space, to
be used by Tenant, and at Tenant's discretion.
6. EFFECT OF AMENDMENT: Each term used herein with initial capital
letters shall have the meaning ascribed to such term in the Lease
unless specifically otherwise defined herein. Time is of the essence
as to each and every provision of this Amendment.
7. ENTIRE UNDERSTANDING: This Amendment and Lease shall constitute the
entire agreement between the parties and no other written or oral
agreement or understanding exists between the parties. All other terms
and conditions of the Lease shall remain the same. In the event of any
inconsistency between this Amendment and the Lease, the terms of this
Amendment shall prevail.
IN WITNESS WHEREOF, the parties have executed this Agreement on the date
written below.
LANDLORD: Tasman V, LLC TENANT: Adeza Biomedical Corporation
By: /s/ Xxxx X. Xxxxxx By: /s/ Xxxx Xxxxxxx - Colbrie
--------------------------------- ---------------------------------
Printed Name: Xxxx X. Xxxxxx Printed Name: Xxxx Xxxxxxx - Colbrie
----------------------- -----------------------
Title: Mgmr Member Title: VP Finance & Administration
------------------------------ ------------------------------
Date: October 19, 2004 Date: October 15, 2004
------------------------------ -------------------------------
Page 2 of 2
