LEASE MODIFICATION AGREEMENT
Exhibit
10.10
THIS
AGREEMENT made and entered into this 14th day of December 2009 by and between
The Mock Family Living
Trust, The Mock
Building, LLC, and Xxxxxxxx X. Xxxx hereinafter called Lessor and Global
Trek Xploration hereinafter called Lessee;
WITNESSETH
WHEREAS
Lessor (formerly The Mock Family Limited Partnership) and Lessee entered into a
lease dated June 3, 2008 for a period of Two years commencing June 10, 2008 and
terminating on June 9, 2010 for the premises located in the City of Palo Alto,
County of Santa Xxxxx, State of California, and more particularly described as
follows: Suite Numbers 11-16, located at 000 Xxxxxxxxxx Xxxxxx, Xxxx Xxxx,
Xxxxxxxxxx consisting of approximately 1,100 rentable square feet;
WHEREAS
the parties modified said lease with the removal of Suites 11 & 12 from said
lease commencing on November 14, 2009.
WHEREAS
it is the desire of the parties hereto to modify said lease with the removal of
Suites 15 & 16 from said lease commencing on January 1, 2010.
NOW
THEREFORE, in consideration of mutual promises, it is hereby understood and
agreed by and between the parties hereto as follows:
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1.
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That
the Lessee will continue to occupy Suites # 13 -14 commencing on
January
1, 2010 and terminating on June 9,
2010.
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2.
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Commencing
January 1, 2010, the monthly rent for the remaining Suites #13
& #14 shall be One Thousand Four Hundred and Twenty dollars
($1,420.00).
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3.
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That
all other terms and provisions of that lease dated June 3, 2008, are
hereby made applicable to the period covered by this
modification.
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That
this Lease Modification Agreement is not valid until signed by all parties
involved.
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Lessor:
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The Mock Family Living
Trust,
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Lessee:
Global Trek
Exploration
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The
Mock Building, LLC, and
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Xxxxxxxx
X. Xxxx
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Xxxx
X. Xxxxxx, Its Agent
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Date
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Xxxxxx
Xxxxxxxx, Chief Financial Officer
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Date
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