EX-10.37 12 ex_10-37.txt EXHIBIT 10.37 Bryan Bryan Industrial Properties, Inc. 146 East Orangethorpe Avenue Anaheim, California 92801-1208 714.871.1314 fax 714.680.3727 www.bryanindprop.com V-B 45001-1 #3291 February 8, 2006 William Gledhill, Jr. David Lyons ACCURATE TECHNOLOGIES 2301 Via Burton Street Anaheim, CA 92806 RE: Lease dated April 2, 2001 and Extension Letter Dated April 22, 2004 between Bryan Industrial Properties, Inc. and Knudson Trust, Landlord and William Joseph Gledhill, Jr. and David Michael Lyons dba Accurate Technologies. Tenant, covering 1521 N. Placentia Avenue, Anaheim, California 92806. Gentlemen: This letter will confirm that the parties are extending the above referenced lease for a period of one (1) additional year commencing June 1, 2006 and continueing through May 31, 2007. All terms and conditions of the original lease shall remain the same during the extended period except for any options to extend (which are of no further force and effect) including the rent which shall remain at SIX THOUSAND THREE HUNDRED AND NO/100 DOLLARS ($6,300.00) per month. The Security Deposit in the amount of SIX THOUSAND THREE HUNDRED AND NO/100 DOLLARS ($6,300.00) shall also remain the same as per the lease. If the above meets with your understanding and approval, please sign and date in the space provided below and return all copies to the undersigned. We will forward an executed copy to you for your files. Very truly yours, BRYAN INDUSTRIAL PROPERTIES, INC. As Agent for Via Burton Associates /s/ John Maresca -------------------------- John Maresca, Director of Marketing (Additional signatures continued on following page) February 8, 2006 Accurate Technologies Extension Letter Page 2 ACCEPTED AND APPROVED THIS 14TH ACCEPTED AND APPROVED THIS 14TH DAY OF FEB, 2006 DAY OF FEB, 2006 BRYAN INDUSTRIAL PROPERTIES, INC. a California corporation /s/ Bill Gledhill By /s/ R.S. HOYT ----------------- ---------------------------- WILLIAM JOSEPH GLEDHILL, an individual R.S. HOYT, JR., CEO /s/ David Michael Lyons By /s/ Gregory S. Hoyt ------------------------------- ------------------------------ DAVID MICHAEL LYONS, an Individual GREGORY S. HOYT, President TENANT KNUDSON TRUST dated August 14, 1985 By /s/ R.S. Hoyt, JR. R.S. HOYT, JR., Authorized Agent LANDLORD