Item 1.01. Entry into a Material Definitive Agreement
On July 22, 2009, Somanetics entered into a Lease Agreement with Kirts Office Center Associates, L.L.C. to lease the Candlewood Office Center located at 2600 Troy Center Drive, Troy, Michigan, for its corporate headquarters and assembly and storage facility. The premises include all of a single building with approximately 48,000 square feet of space, including office space for sales and marketing, engineering, accounting and other administrative activities, and assembly and storage space.
The Lease Agreement is for an initial 87 and a partial month term estimated to begin December 15, 2009 and ending March 31, 2017 and grants Somanetics two consecutive options to renew the lease for a term of five years each. The initial term of the Lease Agreement commences upon Somanetics' occupancy of the premises, which is expected to occur on December 15, 2009. The minimum monthly lease payment from the Commencement Date through the 15th full calendar month of the term will be approximately $36,900 (except that rent is abated for the first three months of the term), excluding other occupancy costs, and it will increase to approximately $42,800 during the term of the lease, excluding other occupancy costs. Somanetics also pays other occupancy costs relating to the premises, including utilities, taxes and insurance. The Lease Agreement provides Somanetics with a $1,196,700 construction allowance for the installation of improvements to be installed by the landlord.
The new premises replace our existing headquarters, manufacturing facility and warehouse space in Troy, Michigan, which we currently lease under a lease that expires March 31, 2010. We believe that this facility is suitable and adequate for our needs now and for the foreseeable future and will allow for substantial expansion of our business and number of employees. Item 9.01. Financial Statements and Exhibits

Exhibits Description 10.1 Lease, dated as of July 22, 2009, between Kirts Office Center Associates, L.L.C. and Somanetics Corporation.

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