LEASE RENEWAL ADDENDUM
Exhibit 10.3
LEASE RENEWAL ADDENDUM
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DATE: |
January 29, 2007 |
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ADDRESS: |
0000 XXXXX XXX XXXXXX |
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SUITE: |
G-19 & G-20 |
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CITY/STATE/ZIP: |
TEMPE, ARIZONA |
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LESSOR: |
CARLETON PARK ASSOCIATES, L.L.C. SUCCESSOR IN INTEREST TO CARLETON INVESTORS, L.L.C. |
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LESSEE: |
SCANNER TECHNOLOGIES CORPORATION, A MINNESOTA CORPORATION |
The above named Lessee will be renewing the Lease Agreement dated December 7, 2000 and Xxxxxxx December 15, 2003, January 21, 2004 and February 19, 2004. The terms and conditions shall remain in full force and effect with the exception of the following:
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1. |
Paragraph 3, Term in the above referenced Lease Agreement shall be amended as follows: |
The term of the Lease shall be extended an additional TWELVE (12) MONTHS commencing March 1, 2007 and the expiration date of the Lease Term shall be February 28, 2008.
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2. |
Paragraph 4, Rent of the above referenced Lease Agreement shall be amended as follows: |
03/01/07 through 02/28/08 @ $5,725.00/Mo. + Rental Tax
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3. |
Xxxxxx agrees to retain occupancy of the Premises in an “as is” condition. |
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4. |
This Lease Renewal Addendum may be executed via facsimile and in counterparts and each executed counterpart shall for all purposes be deemed an original and shall have the same force and effect as an original, but all of which together shall constitute in the aggregate, but one and the same instrument. |
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5. |
Should there be any conflict between the above referenced Lease Agreement, Addendum, any subsequent Lease Amendments, and this Lease Renewal Addendum, this Lease Renewal Addendum shall control. |
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6. |
All other terms and conditions of the above referenced Lease Agreement shall remain in full force and effect. |
READ, ACCEPTED AND APPROVED:
LESSOR: CARLETON PARK ASSOCIATES, L.L.C. SUCCESSOR IN INTEREST TO CARLETON INVESTORS, L.L.C.
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By: |
/s/ Xxxx Xxxxxxx |
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Xxxx Xxxxxxx |
LESSEE: SCANNER TECHNOLOGIES CORPORATION, A MINNESOTA CORPORATION
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BY: |
/s/ Xxxxx X. Xxxxx |
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Its: |
President |
