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Exhibit 10.48
October 21, 2004
Mr. Michael Murphy
Gentris Corporation
133 Southcenter Court, St, 400
Morrisville, NC 27560
Dear Michael:
Under Exhibit B-2 of our lease with Gentris, your company is given an option of adding change orders to the original tenant improvement contract of up to $10,000. For each $5,000 of tenant improvement money that is amortized into the rent, the rate will increase by $.08 per annum.
We have attached a copy of the change orders for your suite as of October 12th which total $5,000.00. By signing below, you are acknowledging the completion of the work and the correlating rent increase of $.08 per square foot per annum. We have attached a revised rent schedule for your records.
/s/Michael Murphy | 25 Oct 2004 | |
Michael Murphy | Date | |
Gentris Corporation |
/s/Mitchell K. Adams | 10-21-04 | |
Michael K. Adams | Date | |
Vice President | ||
Southport Business Park |
Exhibit A
Change Orders
[Intentionally omitted.]
Exhibit B
Revised Rent Schedule
[Intentionally omitted.]