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 ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇ 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 ▇▇▇▇▇, State of California, and more particularly described as
follows: Suite Numbers 11-16, located at ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇,
▇▇▇▇▇▇▇▇▇▇ 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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▇▇▇▇▇▇▇▇
▇. ▇▇▇▇
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▇▇▇▇
▇. ▇▇▇▇▇▇, Its Agent
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Date
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▇▇▇▇▇▇
▇▇▇▇▇▇▇▇, Chief Financial Officer
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Date
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