(SINGLE TENANT FOR ENTIRE PARCEL - TRIPLE NET)
THIS HAS BEEN PREPARED FOR SUBMISSION TO YOUR ATTORNEY FOR REVIEW AND
APPROVAL PRIOR TO SIGNING
NO REPRESENTATION IS MADE BY LICENSEE AS TO ITS LEGAL SUFFICIENCY
OR TAX CONSEQUENCES
CBA TEXT DISCLAIMER: TEXT DELETED BY LICENSEE INDICATED BY STRIKE. NEW
TEXT INSERTED BY LICENSEE INDICATED BY SMALL CAPITAL LETTERS.
THIS LEASE AGREEMENT ("the Lease") is entered into this 23RD day of APRIL, 1997, between TOM
KANE AND ELSA KANE ("Landlord"), and PACIFIC BIOMETRICS, INC. ("Tenant"). Landlord and
Tenant agree as follows:
1. LEASE SUMMARY.
a. LEASED PREMISES. The leased premises (the "Premises") consist of the real property legally described on
attached Exhibit A, and all improvements thereon.
b. LEASE COMMENCEMENT DATE. The Lease shall commence on AUGUST 1, 1997, or such earlier or
later date as provided in Section 3 (the "Commencement Date").
c. LEASE TERMINATION DATE. The Lease shall terminate at midnight on JULY 31, 2007, or such earlier or
later date as provided in Section 3 (the "Termination Date").
d. BASE RENT. The base monthly rent shall be (check one): / / $_____, or /X/ according to the Rent Rider
attached hereto. Rent shall be payable at Landlord's address shown in Section 1(h) below, or such other place
designated in writing by Landlord.
e. PREPAID RENT. Upon execution of this Lease, Tenant shall deliver to Landlord the sum of $19,550.05 as
prepaid rent, to be applied to the Rent due for the SECOND month(s) of the Lease.
f. SECURITY DEPOSIT. The amount of the security deposit is $100,000.00.
g. PERMITTED USE. The Premises shall be used only for GENERAL OFFICE AND TESTING
LABORATORY and for no other purpose without the prior written consent of Landlord.
h. NOTICE AND PAYMENT ADDRESSES:
Landlord: 610 WEST HIGHLAND DRIVE, SEATTLE, WA 98119 Fax No.:_____
Tenant: 220 WEST HARRISON, SEATTLE, WA 98119 Fax No.:_____
i. LEASE COMMISSION. Landlord shall pay a commission to COLLIER'S MACAULAY NICOLLS