Third Amendment to Lease Agreement
This Third Amendment to Lease Agreement (the “Amendment”) is made and entered into as of April 10, 2002,
by Crossroads Technology Partners and Nearon Crossroads, LLC., as successors in interest to Principal
Development Investors, LLC. (“Landlord”), and Abaxis, Inc., a California corporation (“Tenant”), with reference
to the following facts.
Landlord and Tenant have entered into that certain Lease Agreement dated as of June 21, 2000 and that
certain First Amendment dated as of August 28, 2000, and Second Amendment to Lease Agreement dated
as of November 20, 2000 (hereinafter, collectively the “Lease”) for the leasing of certain premises consisting
of approximately 91,124 rentable square feet located at 3240 Whipple Road, Union City, California (the
“Premises”) as such Premises are more fully described in the Lease.
Pursuant to Lease Exhibit B, paragraph 10 “Excess Tenant Improvement Cost”, Landlord funded excess
tenant improvements of $455,650.00. On April 1, 2002, Tenant paid off the remaining principal balance on
the Excess Tenant Improvement cost, $425,388.02. Landlord acknowledges receipt of payment.
Landlord and Tenant now wish to amend the Lease to provide for a modification to the Base Rent schedule
for the Term of this Lease.
in consideration of the foregoing and for other good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, Landlord and Tenant agree as follows:
Landlord and Tenant agree that the above recitals are true and correct and are hereby incorporated herein as
though set forth in full.
Landlord and tenant agree that the Base Rent will be adjusted on the dates and in the amounts as set forth
for the period of April 1, 2002 to December 31, 2002, the monthly Base Rent shall be $71, 076.72;
for the period of January 1, 2003 to December 31, 2003, the monthly Base Rent shall be $73,919.79;
for the period of January 1, 2004 to December 31, 2004, the monthly Base Rent shall be