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Inrad Optics, Inc. – ‘10-K’ for 12/31/15 – ‘EX-10.3’

On:  Wednesday, 3/30/16, at 4:51pm ET   ·   For:  12/31/15   ·   Accession #:  1144204-16-91568   ·   File #:  0-11668

Previous ‘10-K’:  ‘10-K’ on 4/13/15 for 12/31/14   ·   Next:  ‘10-K’ on 3/31/17 for 12/31/16   ·   Latest:  ‘10-K’ on 3/28/24 for 12/31/23   ·   1 Reference:  By:  Inrad Optics, Inc. – ‘10-K’ on 3/31/21 for 12/31/20

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/30/16  Inrad Optics, Inc.                10-K       12/31/15   77:4.5M                                   Toppan Merrill/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    349K 
 2: EX-10.3     Material Contract                                   HTML     28K 
 3: EX-23.1     Consent of Experts or Counsel                       HTML     22K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     26K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     26K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     22K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     22K 
14: R1          Document And Entity Information                     HTML     51K 
15: R2          Consolidated Balance Sheets                         HTML     96K 
16: R3          Consolidated Balance Sheets [Parenthetical]         HTML     32K 
17: R4          Consolidated Statements of Operations               HTML     73K 
18: R5          Consolidated Statements of Shareholders' Equity     HTML     50K 
19: R6          Consolidated Statements of Cash Flows               HTML    106K 
20: R7          Nature of Business and Operations and Summary of    HTML     90K 
                Significant Accounting Policies and Estimates                    
21: R8          Inventories, net                                    HTML     36K 
22: R9          Plant and Equipment                                 HTML     41K 
23: R10         Goodwill                                            HTML     27K 
24: R11         Intangible Assets                                   HTML     59K 
25: R12         Related Party Transactions                          HTML     30K 
26: R13         Other Long Term Notes                               HTML     46K 
27: R14         Accounts Payable and Accrued Liabilities            HTML     37K 
28: R15         Income Taxes                                        HTML     82K 
29: R16         Equity Compensation Program and Stock-based         HTML    133K 
                Compensation                                                     
30: R17         Net (Loss) per Share                                HTML     28K 
31: R18         Commitments                                         HTML     42K 
32: R19         Product Sales, Foreign Sales and Sales to Major     HTML     32K 
                Customers                                                        
33: R20         Shareholders' Equity                                HTML     36K 
34: R21         Fair Value of Financial Instruments                 HTML     26K 
35: R22         Restructuring Costs                                 HTML     27K 
36: R23         Nature of Business and Operations and Summary of    HTML    145K 
                Significant Accounting Policies and Estimates                    
                (Policies)                                                       
37: R24         Inventories, net (Tables)                           HTML     35K 
38: R25         Plant and Equipment (Tables)                        HTML     38K 
39: R26         Intangible Assets (Tables)                          HTML     55K 
40: R27         Other Long Term Notes (Tables)                      HTML     45K 
41: R28         Accounts Payable and Accrued Liabilities (Tables)   HTML     36K 
42: R29         Income Taxes (Tables)                               HTML     77K 
43: R30         Equity Compensation Program and Stock-based         HTML    124K 
                Compensation (Tables)                                            
44: R31         Commitments (Tables)                                HTML     32K 
45: R32         Shareholders' Equity (Tables)                       HTML     33K 
46: R33         Nature of Business and Operations and Summary of    HTML     56K 
                Significant Accounting Policies and Estimates                    
                (Details Textual)                                                
47: R34         Inventories, net (Details)                          HTML     30K 
48: R35         Inventories, net (Details Textual)                  HTML     24K 
49: R36         Plant and Equipment (Details)                       HTML     36K 
50: R37         Plant and Equipment (Details Textual)               HTML     25K 
51: R38         Goodwill (Details Textual)                          HTML     23K 
52: R39         Intangible Assets (Details)                         HTML     36K 
53: R40         Intangible Assets (Details Textual)                 HTML     39K 
54: R41         Related Party Transactions (Details Textual)        HTML     58K 
55: R42         Other Long Term Notes (Details)                     HTML     33K 
56: R43         Other Long Term Notes (Details 1)                   HTML     39K 
57: R44         Other Long Term Notes (Details Textual)             HTML     38K 
58: R45         Accounts Payable and Accrued Liabilities (Details)  HTML     39K 
59: R46         Income Taxes (Details)                              HTML     39K 
60: R47         Income Taxes (Details 1)                            HTML     41K 
61: R48         Income Taxes (Details 2)                            HTML     40K 
62: R49         Income Taxes (Details Textual)                      HTML     32K 
63: R50         Equity Compensation Program and Stock-based         HTML     36K 
                Compensation (Details)                                           
64: R51         Equity Compensation Program and Stock-based         HTML     61K 
                Compensation (Details 1)                                         
65: R52         Equity Compensation Program and Stock-based         HTML     38K 
                Compensation (Details 2)                                         
66: R53         Equity Compensation Program and Stock-based         HTML     51K 
                Compensation (Details 3)                                         
67: R54         Equity Compensation Program and Stock-based         HTML     49K 
                Compensation (Details Textual)                                   
68: R55         Net (Loss) per Share (Details Textual)              HTML     29K 
69: R56         Commitments (Details)                               HTML     40K 
70: R57         Commitments (Details Textual)                       HTML     39K 
71: R58         Product Sales, Foreign Sales and Sales to Major     HTML     36K 
                Customers (Details Textual)                                      
72: R59         Shareholders' Equity (Details)                      HTML     31K 
73: R60         Fair Value of Financial Instruments (Details        HTML     22K 
                Textual)                                                         
74: R61         Restructuring Costs (Details Textual)               HTML     23K 
76: XML         IDEA XML File -- Filing Summary                      XML    135K 
75: EXCEL       IDEA Workbook of Financial Reports                  XLSX     67K 
 8: EX-101.INS  XBRL Instance -- inrd-20151231                       XML   1.29M 
10: EX-101.CAL  XBRL Calculations -- inrd-20151231_cal               XML    149K 
11: EX-101.DEF  XBRL Definitions -- inrd-20151231_def                XML    627K 
12: EX-101.LAB  XBRL Labels -- inrd-20151231_lab                     XML    825K 
13: EX-101.PRE  XBRL Presentations -- inrd-20151231_pre              XML    747K 
 9: EX-101.SCH  XBRL Schema -- inrd-20151231                         XSD    131K 
77: ZIP         XBRL Zipped Folder -- 0001144204-16-091568-xbrl      Zip    123K 


‘EX-10.3’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 

Exhibit 10.3

June 1, 2015

 

Mr. Angelo Costa

S & R Costa Realty L.P.

PO Box 107

Fort Lee, NJ 07024

 

Re:Proposal to Lease

181 Legrand Avenue

Northvale, New Jersey

 

Dear Mr. Costa:

 

In response to the request from your attorney Mark D Madaio in his May 21, 2015 correspondence, the following is a Proposal to renew and extend to lease for the subject facility dated November 1, 2003 between Inrad Optics (“Tenant”) and S & R Costa Realty, LLP (“Landlord”) which reflects the terms and conditions agreed upon at our meeting of May 20, 2015:

 

Location: 181 Legrand Avenue
  Northvale, New Jersey
   
Area: 41,935 square feet
   
Term: Two (2) Years
   
Commencement: June 1, 2015

 

Rent: Year One- $ 6.75 per square foot, net.
  Year Two- $ 6.75 per square foot, net.

  

Option to expand: Tenant shall have the right to expand to the adjacent 3,500 square feet of additional space under the same rent, terms covenants and conditions.
   
Renewal Option: Tenant shall have the option to renew the lease for an additional term of two years under the same terms covenants and conditions, by providing 6 months prior notice at a rent as follows:

 

  Option Year Three- $ 6.75 per square foot, net.
  Option Year Four- $ 7.00 per square foot, net.

 

Broker: Tenant confirms that no broker was involved in or is entitled to any real estate brokerage commission in connection with this agreement.   Furthermore, Tenant indemnifies Landlord for any claim for fees or other charges related to broker services by Dickstein Real Estate Services in connection with this tenancy, and agrees that any and all such charges are the responsibility of Tenant

 

Mr. Angelo Costa June 1, 2015
Costa Realty, L.P. Page 2
Fort Lee, NJ 07024  

 

 C: 
 

 

 

Work by Landlord: As in inducement to execute this agreement, Landlord has agreed to continue to prosecute the completion as rapidly as possible repairs to the roof and to complete the repair work to the exterior stairway by no later than June 30, 2015 and finally Landlord agrees to paint the partitions that were stained due to the roof leaks in a color selected by Tenant, with such work completed no later than July 31, 2015.

 

All other terms and conditions of the lease dated November 1, 2003 remain in full force and effect. If the foregoing Proposal to Lease is acceptable, kindly countersign and return one copy of this agreement where indicated below:

 

  Sincerely,
   
  William J. Foote, CPA
  CFO, Secretary and Treasurer

  

ccMs. Amy Eskilson

 

AGREED:  
     
By Landlord:  
S & R COSTA REALTY, LLP  
     
By:    
  Mr. Angelo Costa  

  

 C: 
 

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/30/16
For Period end:12/31/15SD
7/31/15
6/30/1510-Q
6/1/15SD
5/21/15
5/20/158-K
11/1/03
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/31/21  Inrad Optics, Inc.                10-K       12/31/20   76:4.8M                                   Toppan Merrill/FA
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