EXHIBIT 10.37
00 XXXXXX XXXXX
XXXXXXXXXX, XXXXXXXXXX 00000
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510/524-5525
LEASE EXTENSION AGREEMENT
This agreement is dated January 23, 1997 for reference purposes and is an
additional modification to the current Lease dated November 30, 1990 between
Xxxxxxx X. Xxxxx and Xxxx Xxxxxxxxx (LESSOR) and Urnotech Calypte Biomedical
Corporation (LESSEE) for the property known as 0000 Xxxxxx Xxxxxx, Xxxxxxxx,
Xxxxxxxxxx:
1) DECLINATION OF TWO YEAR EXTENSION OPTION. LESSEE hereby declines to exercise
its option to extend the Lease through June 1999.
2) LEASE EXTENDED THROUGH JUNE 1998. The Lease is hereby extended for one year
through June 30, 1998. The lease rate for this extension period will continue at
$16,000 per month through December 1997 and will increase to $17,000 per month
beginning January 1998.
3) LEASE EXTENSION OPTION THROUGH JUNE 1999. LESSEE is granted an option to
extend the lease through June 30, 1999. LESSEE may exercise this option by
giving written notice to LESSOR by January 15, 1998. The lease rate for the
extended period will continue at $17,000 per month through December 1998 and
increase to $18,000 per month thereafter.
SIGNED: /s/ Xxxxxxx X. Xxxxx Gen. Part. 1-23-97
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FOR LESSOR TITLE DATE
SIGNED: /s/ Xxxx X. XxXxxxxx CFO 2-3-97
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FOR LESSEE TITLE DATE
