SolarMax extends Riverside facility lease to 2033; annual rent starts at $1.86M

SolarMax Technology, Inc.

Lease at 3080 12th St, Riverside extended from Dec 31, 2026 to Dec 31, 2033; annual base rent escalates from $1,855,566 in 2026 to $2,282,112 in 2033.
Tenant and landlord split $535,100 restoration cost equally; tenant pays $267,550 over 60 months.
Tenant pays $180,000 for office-to-warehouse conversion; landlord provides $3,000/month rent credit for 60 months.
Temporary 10% rent reduction until restoration completion; additional 10% reduction if conversion not done by Jan 1, 2027.
Tenant acknowledges $269,952 due, payable in 16 monthly installments from Jan 2026.

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