RF INDUSTRIES, LTD. (NASDAQ:RFIL) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
Entry into a Material Definitive Agreement |
On June 19, 2017, Comnet Telecom Supply Inc. (Comnet), a New
Jersey-based wholly-owned subsidiary of RF Industries, Ltd. that
manufactures and sells fiber optics cable, distinctive cabling
technologies and custom patch cord assemblies, as well as other
data center products, entered into a fifth amendment to its lease
with Kimberly Alvin Property, LLC (successor in interest to EB 3
LLC), as landlord, under which Comnet leases 15,000 square feet
of space in a building located at 1 Kimberly Road, East
Brunswick, New Jersey.
Under the amendment, the parties agreed that the term of the
lease shall be extended for a period of five (5) years (the
Extension Term), which Extension Term shall commence on October
1, 2017, and, unless sooner terminated or extended in accordance
with the lease, shall end on September 30, 2022. During the
Extension Term, the monthly base rent for the period from October
1, 2017 to September 30, 2018 will be $8,541.67; from October 1,
2018 to September 30, 2019, $7,187.50; from October 1, 2019 to
September 30, 2020, $7,500.00; from October 1, 2020 to September
30, 2021, $7,812.50; and from October 1, 2021 to September 30,
2022, $8,125.00.
The preceding summary does not purport to be complete and is
qualified in its entirety by reference to the amendment, a copy
of which is filed as Exhibit 10.1, and which is incorporated
herein by reference.
Item 9.01 | Financial Statements and Exhibits |
(d) | Exhibits. |
Exhibit No. | Description | ||
10.1 |
Fifth Amendment To Lease, by and between Icon Kimberly Alvin Property, LLC and Comnet Telecom Supply, Inc., dated June 19, 2017 |
R F INDUSTRIES LTD ExhibitEX-10.1 2 v469348_ex10-1.htm EXHIBIT 10.1 Exhibit 10.1 FIFTH AMENDMENT TO LEASE This FIFTH AMENDMENT TO LEASE ("Amendment") is entered into as of June 19,…To view the full exhibit click here
About RF INDUSTRIES, LTD. (NASDAQ:RFIL)
RF Industries, Ltd. designs, manufactures and markets interconnect products and systems, including coaxial and specialty cables, and fiber optic cables. The Company’s segments include RF Connector and Cable Assembly, Medical Cabling and Interconnector, and Custom Cabling Manufacturing and Assembly. It operates through five divisions, which include Connector and Cable Assembly Division, which designs, manufactures and distributes coaxial connectors and cable assemblies that are integrated with coaxial connectors; the Bioconnect Division, which manufactures and distributes cabling and interconnect products to the medical monitoring market; Cables Unlimited Division, which operates through Cables Unlimited, Inc., a subsidiary of the Company; Comnet Telecom Supply Division, which operates through Comnet Telecom Supply, Inc., a subsidiary of the Company, and the Rel-Tech Electronics Division, which operates through Rel-Tech Electronics, Inc., a subsidiary of the Company.