EXHIBIT 10.12
INDUSTRIAL LEASE AGREEMENT
THIS LEASE AGREEMENT (the "Lease") is made as of the "Lease Date" (as defined in Section 37 herein) by
and between DFW Trade Center III Limited Partnership, a Texas limited partnership ("Landlord"), and Rockwell
Medical Technologies, Inc., a Michigan corporation ("Tenant") (the words "Landlord" and "Tenant" to include
their respective legal representatives, successors and permitted assigns where the context requires or permits).
W I T N E S S E T H:
1. Basic Lease Provisions. The following constitute the basic provisions of this Lease:
(a) Demised Premises Address: 4051 Freeport Parkway Grapevine, Texas 76051
(b) Demised Premises Square Footage: approximately 51,113 sq. ft.
(c) Building Square Footage: approximately 252,776 sq. ft.
(d) Annual Base Rent:
Lease Years 1-5 $207,012.00
(e) Monthly Base Rent Installments:
Lease Years 1-5 $17,251.00
(f) Lease Commencement Date: The date that Landlord achieves "Substantial Completion" (as hereinafter
defined) with respect to the Demised Premises and delivers the Demised Premises to Tenant, which is estimated
to be April 15, 2000.
(g) Base Rent Commencement Date: The Lease Commencement Date.
(h) Expiration Date: Sixty (60) months after the Lease Commencement Date.
(i) Primary Term: Five (5) years.
(j) Tenant's Operating Expense Percentage: 20.22%
(k) Security Deposit: $150,000.00 Irrevocable Letter of Credit
(l) Permitted Use: Warehouse, distribution and administrative uses, and such other uses as are customary in
connection with the operation of a dialystate manufacturing business in the Demised Premises.
(m) Address for notice:
Landlord: DFW Trade Center III Limited Partnership
c/o Industrial Developments
International, Inc.
3424 Peachtree Road, N.E., Suite 1500
Atlanta, Georgia 30326
Attn: Manager - Lease Administration
Tenant: Rockwell Medical Technol