Exhibit 10.15
ELEVENTH AMENDMENT TO LEASE
This Eleventh Amendment to Lease (“Amendment”) is entered into, and dated for reference purposes, as of September 1, 2023 (the “Execution Date”) by and between PACIFICA ENCINITAS BEACH, LLC, a California limited liability company, PACIFICA REAL ESTATE V, LLC, a California limited company, SR32 SAN DIEGO PORTFOLIO, LLC, a California limited liability company, FORCE FRANKLIN I. L.P., a California limited partnership, FORCE 10580, LLC, a California limited liability company, and ARKA MIRAMAR II, L.P., a California limited partnership (collectively, “Lessor”), and ONE STOP SYSTEMS, INC., a Delaware corporation (“Lessee”), with reference to the following facts:
Recitals
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Agreement
NOW, THEREFORE, in consideration of the foregoing, and of the mutual covenants set forth herein and of other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:
Period from/to | Monthly Base Rent |
September 1, 2024 – August 31, 2025 | $30,699.79 |
September 1, 2025 – August 31, 2026 | $31,927.78 |
September 1, 2026 – August 31, 2027 | $33,204.89 |
September 1, 2027 – August 31, 2028 | $34,533.09 |
September 1, 2028 – August 31, 2029 | $35,914.41 |
September 1, 2029 – August 31, 2030 | $37,350.99 |
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[Signatures are on next page.]
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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first set forth above.
LESSOR: ARKA MIRAMAR II, L.P., a California limited partnership
By: SMB I GROUP, L.P., a Delaware limited partnership, Its General Partner
By: K Associates, a California general partnership, Its General Partner
By: _______________________ Name: _____________________ Its: Managing Partner
| LESSEE: ONE STOP SYSTEMS, INC., a Delaware corporation
By: Michael Knowles, Chief Executive Officer
By: _______________________________ John W. Morrison Jr., Secretary and CFO |
FORCE FRANKLIN I, L.P.,
a California limited partnership
By: Force Franklin I, LLC
a California limited liability company
its General Partner
By: ARKA Franklin I, L.P.,
a Delaware limited partnership
its Sole Member and Manager
By: APG Partners, LLC
a Nevada limited liability company
Its General Partner
By: SMB I Group, LP
A Delaware limited partnership
Its Managing Member
By: K Associates, a California
general partnership
its General Partner
By: __________________
Name:
Its: Managing Partner
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FORCE 10580, LLC,
a California limited liability company
By: K Associates, a California general partnership,
Its sole and Managing Member
By: _______________________
Name: _____________________
Its: Managing Partner
SR32 SAN DIEGO PORTFOLIO, LLC,
a California limited liability company
By: ___________________________
Adam S. Robinson, Manager
PACIFICA REAL ESTATE V, LLC,
a California limited liability company
By: _____________________________
Adam S. Robinson, Manager
PACIFICA ENCINITAS BEACH, LLC,
a California limited liability company
By: ___________________________
Adam S. Robinson, Manager
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