Blue Dolphin subsidiary extends Houston office lease 24 months, expands space 30%

BLUE DOLPHIN ENERGY CO

BDSC signed 24-month lease extension effective Sep 1, 2024, expiring Aug 31, 2026.
Premises expanded from 7,675 to 9,961 sq ft by adding Suite 2125 on Nov 1, 2024.
Base rent: $30/sq ft for months 1-2, then $29/sq ft for months 3-12, back to $30/sq ft for months 13-24.
Monthly base rent: $24,072.42 from Nov 2024, then $24,902.50 from Sep 2025; additional rent capped at $1,500/month.
Improvement allowance of $14,941.50 (approx. $1.50/sq ft) must be used within six months of signing.

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