IMPROVED PROPERTY COMMERCIAL LEASE
1. PARTIES: The parties to this lease are the owner of the Property, Paul and Sherry Vick dba P&S Properties
(Landlord) and the tenant, Liquidmetal Coatings, a division of Liquidmetal Technologies (Tenant).
2. LEASED PREMISES: Landlord leases to Tenant the following described real property, known as the "leased
premises," along with all its improvements:
Number Bldg. "C" containing approximately 10,000 square feet of rentable area, located with the FM 3083
Industrial Park on the land known as 12070 FM 3083 Conroe, Texas 77301, which is legally described as [left
blank] or as described on attached exhibit. "Property" means the building or complex in which the leased
premises are located, inclusive of any common areas, drives, parking areas, and walks. The parties agree that the
rentable area of the leased premises may not equal the actual or useable area within the leased premises and may
include an allocation of common areas in the Property.
A. Term: The term of this lease is 60 months, commencing on October 1st, 2002 (Commencement Date) and
ending on September 30th, 2007 (Expiration Date).
B. Delay of Occupancy: If Tenant is unable to occupy the leased premises on the Commencement Date because
of construction on the leased premises to be completed by Landlord that is not substantially complete or a prior
tenant's holding over of the leased premises, Landlord will not be liable to Tenant for such delay and this lease
will remain enforceable. In the event of such a delay, the Commencement Date will automatically be extended to
the date Tenant is able to occupy the Property and the Expiration Date will also be extended by a like number of
days, so that the term of this lease remains unchanged. If Tenant is unable to occupy the leased premises after the
30th day after the Commencement Date because of construction on the leased premises to be completed by
Landlord that is not substantially complete or a prior tenant's holding over o