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Exhibit 10.19
NET, NET, NET
LEASE
THIS LEASE dated September _____ , 1997 for reference purposes only is
made between the Lessor and the Lessee named below, effective on the later of
the dates set forth under their respective signatures.
BASIC LEASE PROVISIONS
----------------------
1. PREMISES: As depicted on Exhibit A.
PROJECT NAME: UNIVERSITY BUSINESS CENTER
BUILDING NAME: UNIVERSITY BUSINESS CENTER
PREMISES ADDRESS: 000 Xxxxxxx Xxxxx
Xxxxx Xxxxxxx, XX 00000
USE OF PREMISES: Offices, light assembly and testing
2. LEASED AREA: As depicted on Exhibit A.
SQUARE FEET: 10,225 square feet
3. LESSEE'S PERCENTAGES:
BUILDING: 17.24%
COMMON AREA: 4.48%
4. INITIAL MONTHLY RENT: $13,292.50 NNN ($1.30 per square foot per month)
During the initial six (6) months of the Lease
term, the Lessee shall not be obligated to pay the
above monthly rent provided, however, that Lessee
shall be obligated to pay Building Operating
Expenses and Common Area Expenses otherwise due
during that six (6) month period. Lessee shall
commence payment of the monthly rent on April 1,
1998.
RENTAL DEPOSIT: $13,292.50
RENT ADJUSTMENT: Rent to be increased Two Percent (2%) per annum
commencing on the first (1st) day of each calendar
year commencing with January 1, 1999.
5. TERM: Five (5) years.
6. COMMENCEMENT DATE: October 1, 1997; subject to Premises being timely
vacated by the existing lessee.
TERMINATION DATE: September 30, 2002
7. SECURITY DEPOSIT: $13,292.50
8. BROKER(S): Xxxxx Xxxxx Commercial - Lessor
None - Lessee
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9. PARKING SPACES
PROVIDED: Thirty (30)
10. TENANT IMPROVEMENT
ALLOWANCE: As provided in Section 18 of this Lease.
11. CONDITIONS: The obligations of the parties under this Lease are
subject to (i) approval by the Lessor's Lender, and
(ii) cancellation of an existing lease with Sapiens
USA, Inc. as to the premises, by September 30, 1997.
12. Submissions of this instrument for examination or signature by the Lessee
does not constitute a reservation of or option for space and it is not
effective as a lease or otherwise until execution by both the Lessee and the
Lessor. This document will be deemed withdrawn by the Lessor if not executed
by the Lessee and delivered to the Lessor by September 19, 1997.
IN WITNESS WHEREOF, the parties hereto have executed this Lease,
consisting of the foregoing basic Lease Provisions, Articles 1 through 18 which
follow, and any attached Exhibits or Addendums, as of the date first above
written. LESSOR:
LESSOR:
Date: October 8, 0000 XXXXXXXXXX XXXXXXXX XXXXXX ASSOCIATES
A California General Partnership
By: EAST GROUP PROPERTIES, A MARYLAND
REAL ESTATE INVESTMENT TRUST
By: __________________________________
Name: /s/ Xxxxxxxx Xxxx
Title: Vice President
Date: October 9, 1997 By: JCB LIMITED,
A California Limited Partnership
By: /s/ Xxxx Xxxxxxx
----------------------------------
Name: Xxxx Xxxxxxx
Title: Owner
Address:
--------
0000 Xxxxxxxxx Xxxxxx
Xxxxx Xx. 000
Xxxxx Xxxxxxx, XX 00000
LESSEE:
Date: September __, 1997 COMPUTER MOTION, INC.
By: /s/ Xxxx Xxxx
----------------------------------
Name: Xxxx Xxxx
Title: Chief Executive Officer
Address:
000 Xxxxxxx Xxxxx
Xxxxx Xxxxxxx, XX 00000
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EXHIBIT 10.19A
NET, NET, NET
LEASE
THIS LEASE dated September _____ , 1997 for reference purposes only is
made between the Lessor and the Lessee named below, effective on the later of
the dates set forth under their respective signatures.
BASIC LEASE PROVISIONS
1. PREMISES: As depicted on Exhibit A.
PROJECT NAME: UNIVERSITY BUSINESS CENTER
BUILDING NAME: UNIVERSITY BUSINESS CENTER
PREMISES ADDRESS: 000-X Xxxxxxx Xxxxx
Xxxxx Xxxxxxx, XX 00000
USE OF PREMISES: Offices, light assembly and testing
2. LEASED AREA: As depicted on Exhibit A.
SQUARE FEET: 8,545 square feet
3. LESSEE'S PERCENTAGES:
BUILDING: 14.89%
COMMON AREA: 3.68%
4. INITIAL MONTHLY RENT: $10,254.00 NNN ($1.20 per square foot per month)
During the initial six and one half (6 1/2) months
of the Lease term, the Lessee shall not be
obligated to pay the above monthly rent provided,
however, that Lessee shall be obligated to pay
Building Operating Expenses and Common Area
Expenses otherwise due during that six and on half
(6 1/2) month period. Lessee shall make a payment
of half the monthly rent on April 15, 1998, and
commence payment of the monthly rent on May 1,
1998.
RENTAL DEPOSIT: $10,254.00
RENT ADJUSTMENT: Rent to be increased Three Percent (3%) per annum
commencing on the first (1st) day of each calendar
year commencing with January 1, 1999.
5. TERM: Five (5) years.
6. COMMENCEMENT DATE: October 1, 1997; subject to Premises being timely
vacated by, and termination of the existing lease
with, BioTek Solutions, Inc., as to the Premises on
or before September 30, 1997.
TERMINATION DATE: September 30, 2002
7. SECURITY DEPOSIT: $10,254.00
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8. BROKER(S): None.
9. PARKING SPACES PROVIDED: Twenty-six (26)
10. TENANT IMPROVEMENT
ALLOWANCE: As provided in Section 18 of this Lease.
11. CONDITIONS: The obligations of the parties under this Lease are
subject to (i) approval by the Lessor's Lender, and
(ii) cancellation of an existing lease with BioTek
Solutions, Inc. as to the premises, by September
30, 1997.
12. Submissions of this instrument for examination or signature by the Lessee
does not constitute a reservation of or option for space and it is not
effective as a lease or otherwise until execution by both the Lessee and the
Lessor. This document will be deemed withdrawn by the Lessor if not executed
by the Lessee and delivered to the Lessor by September 29, 1997.
IN WITNESS WHEREOF, the parties hereto have executed this Lease,
consisting of the foregoing basic Lease Provisions, Articles 1 through 18 which
follow, and any attached Exhibits or Addendums, as of the date first above
written.
LESSOR:
Date: October 8, 0000 XXXXXXXXXX XXXXXXXX XXXXXX ASSOCIATES
A California General Partnership
By: EAST GROUP PROPERTIES, A MARYLAND
REAL ESTATE INVESTMENT TRUST
By: /s/ Xxxxxxxx Xxxx
----------------------------------
Name: Xxxxxxxx Xxxx
Title: Vice President
Date: October 9, 1997 By: JCB LIMITED,
A California Limited Partnership
By: /s/ Xxxx Xxxxxxx
----------------------------------
Name: Xxxx Xxxxxxx
Title: Owner
Address:
0000 Xxxxxxxxx Xxxxxx
Xxxxx Xx. 000
Xxxxx Xxxxxxx, XX 00000
LESSEE:
Date: September __, 1997 COMPUTER MOTION, INC.
By: /s/ Xxxx Xxxx
----------------------------------
Name: Xxxx Xxxx
Title: Chief Executive Officer
Address:
000 Xxxxxxx Xxxxx
Xxxxx Xxxxxxx, XX 00000
