Item 1.01
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Entry into a Material Definitive Agreement
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On January 6, 2017, Cogentix Medical, Inc. (the “Company”) entered into the Sixth Amendment (the “Sixth Amendment”) to its definitive lease agreement with 30 Ramland Road LLC, dated March 23, 2000 (the “Lease”), as previously amended by the First Amendment, dated August 31, 2000 (the “First Amendment”), the Second Amendment, dated January 7, 2005 (the “Second Amendment,”), the Third Amendment, dated December 26, 2006 (the “Third Amendment”), the Fourth Amendment, dated April 12, 2009 (the “Fourth Amendment”), and the Fifth Amendment, dated December 12, 2014 (together with the First Amendment, Second Amendment, Third Amendment, Fourth Amendment, and Sixth Amendment, the “Amendments”), for the Company’s
20,500 square-foot office, warehouse and manufacturing facility in Orangeburg, New York
.
Pursuant to the Sixth Amendment, the term of the Lease has been extended 18 months beginning on September 1, 2017 until February 28, 2019 and, starting on September 1, 2017, the annual rent has been increased by 3.5% from $343,375 per year to $355,468 per year, payable in equal monthly installments.
The foregoing description of the Lease and the Amendments is not complete and is qualified in its entirety by reference to the full text of the Lease and the Amendments, respectively,
which will be listed as exhibits to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016
.