EXHIBIT 10.9
PERIMETER REALTY
P. O. BOX 1420
PORTLAND, MAINE 04104
March 23, 2006
Xxxxx Xxxxxx, Chief Executive Officer
AssureTec Systems, Inc.
000 Xxxxxxxxx Xxxx,
Xxxxxxxxxx, Xxx Xxxxxxxxx 00000
Re: a. Lease dated May 22, 2002 between Perimeter Realty and AssureTec
Systems, Inc., at 000 Xxxxxxxxx Xxxx.
b. AssureTec take over of approximately 1200 sq ft of office space
section now occupied by Nutmeg Container.
Dear Xxxxx,
This letter confirms our meeting today concerning your occupancy of the above
referenced office now occupied by Nutmeg Container for storage purposes.
Term:
AssureTec will take over 1200 sq ft subject office space from commencement date
June 1, 2006 through June 30, 2008, subject to Nutmeg vacating same, said 1200
sq ft being added to AssureTec space under the existing lease dated May 22,
2002.
Base rent:
$5.00 NNN per sq ft on an "as is" basis as to the 1200 feet added to space.
Existing referenced lease:
The current AssureTec lease, dated May 22, 2002, now in its option period,
expiring June 30, 2007, said lease is extended to June 30, 2008 with the same
terms and conditions including same $7.00 NNN per sq ft rate on original space
and $5.00 NNN on this added 1200 sq ft.
Option to renew:
The existing lease is hereby also amended to add an additional three year option
period at the current base rental rates ($7.00 NNN existing space and $5.00 NNN
on the space added hereby) on both spaces plus 3% increases yearly commencing on
July 1, 2008, provided tenant exercises such option by written notice to
Landlord by October 1, 2007.
Page 1 of 2 pages
page 2, ltr dated 3/23/06, subject: additional 1200 sq ft office space to
AssureTec
Perimeter Realty work:
Install commercial grade carpeting in the additional1200 sq ft space. Install an
8,000 BTU thru-the-wall air conditioner. Otherwise space is added to AssureTec
on an "as is" basis.
NOTE:
It is agreed that if AssureTec does not exercise its option to renew, it will
reimburse Perimeter for 1/3 of its cost of the carpet and air conditioner.
This letter agreement shall be regarded as an amendment hereby to the May 22,
2002 lease, which lease except as amended, is otherwise in full force and
effect. This Amendment, in so far as the 1200 sq ft is concerned, is subject to
Nutmeg, by June 1, 2006 vacating and surrendering the 1200 sq ft described and
otherwise remaining an occupant under lease as to the more than 30,000 sq ft
demised to it.
XXXXXXX X. XXXXXXX
Its agent
Acknowledged:
By: _/s____________________________
Xxxxx Xxxxxx, AssureTec Systems, Inc.
