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Exhibit 10.17
(Three Prospect—1613 Prospect Parkway)
THIS LEASE EXTENSION AGREEMENT is made and entered into this 20th day ofOctober 2003.
| LANDLORD: | The Landlord is GB Ventures, LLP. |
TENANT: | The Tenant is Heska Corporation |
LEASE AGREEMENTS: | That certain Lease Agreement between Landlord and Tenant dated June 27, 1996. |
PREMISES: | The Leased Premises consist of approximately 16,800 square feet at 1613 Prospect Parkway, Fort Collins, Colorado, in the project commonly known as Three Prospect. |
CURRENT LEASE EXPIRATION: | October 1, 2004. |
NEW LEASE EXPIRATION: | May 31, 2005. |
EXTENSION PERIOD BASE MONTHLY RENTAL RATE: | |||
The base monthly rental rate for the Lease Extension Period shall be as follows: | |||
October 1, 2004 to May 31, 2005 | $15,571.89/month NNN with a Consumer Price Index increase (3%min - 6%max) on: September 1, 2004 | ||
OPTION TO EXTEND: | Tenant shall have one (1) option to extend the term of this Lease for one (1) year at same rental rate plus a Consumer Price Index increase (3%min - 6%max) on September 1, 2005. Tenant shall give written notice to landlord no later than May 31, 2004. |
BROKERAGE FEE: | A brokerage fee shall be paid to Equis Corporation per separate agreement. |
OTHER TERMS & CONDITIONS: | All other terms and conditions of that Lease Agreement between Landlord and Tenant dated June 27, 1996, which have not been superseded by terms and conditions of this Lease Extension Agreement #1, shall remain the same. |
OFFER PERIOD: | This Lease Extension offer shall remain in effect throughOctober 27th, 2003. |
LANDLORD: | TENANT: | |||
GB VENTURES, LLP | HESKA CORPORATION | |||
/s/ WILLIAM W. REYNOLDS | /s/ JASON A. NAPOLITANO | |||
| By: | WILLIAM W. REYNOLDS, Managing Partner | By: | JASON A. NAPOLITANO Executive Vice President and Chief Financial Officer | |
LEASE EXTENSION AGREEMENT #1