Rental Agreement Between TerraCycle, Inc. and TerraCycle US, LLC
Exhibit 6.2
Between TerraCycle, Inc. and TerraCycle US, LLC
This Rental Agreement (this “Agreement”) between TerraCycle US, LLC, a Delaware Limited Liability Company (“Landlord”) owner of and doing business at 00 Xxxxxxxx Xxxxxx, Xxxxxxx, XX, XXX (the “Premises”), and TerraCycle TerraCycle, Inc. a Delaware Corporation (“Tenant”) doing business at 000 Xxx Xxxx Xxxxxx, Xxxxxxx, XX XXX is entered into as of April 16, 2014.
Whereas, Landlord and Tenant wish to enter into a rental agreement;
Now, therefore, subject to Schedule A below, Landlord will charge Tenant the fair rental amount per person.
The parties further agree to amend this Agreement to reflect any agreed change in any existing or new item listed under “Group/Category” and its associated fee determination under Schedule A below.
| /s/ Xxxxxxx Perl | /s/ Xxxxxx Xxxx | ||
| TerraCycle US, LLC | TerraCycle, Inc. |
Schedule A
ITEMS FOR ALLOCATION:
| Group / Category | Fee | |||
| Office Expenses | $ | 379,026 | ||
| Depreciation | $ | 90,000 | ||
| Contractor expenses | $ | 18,960 | ||
| Technology expenses | $ | 4,400 | ||
| Total Building Expenses | $ | 492,386 | ||
| Enrollment: | ||||
| XXX X Xxxxx | 00.0 | % | ||
| TCI Other | 47.3 | % | ||
| US LLC (ex-warehouse) | 38.2 | % | ||
| Total | 100.0 | % | ||
| Expense Split Adjusted TCI | 61.8 | % | ||
| Quarterly Invoicing US LLC to TCI | ||||
| Annual Share | $ | 304,384 | ||
| Quarterly Amount | $ | 76,096 | ||
Between TerraCycle, Inc. and TerraCycle US, LLC
This Rental Agreement (this “Agreement”) between TerraCycle US, LLC, a Delaware Limited Liability Company (“Landlord”) owner of and doing business at 000 Xxx Xxxx Xxxxxx, Xxxxxxx, XX, XXX (the “Premises”), and TerraCycle TerraCycle, Inc. a Delaware Corporation (“Tenant”) doing business at 000 Xxx Xxxx Xxxxxx, Xxxxxxx, XX XXX is entered into as of April 1, 2014.
Whereas, Landlord and Tenant wish to enter into a rental agreement.
Now, therefore, subject to Schedule A below, Landlord will charge Tenant the fair rental amount per person.
The parties further agree to amend this Agreement to reflect any agreed change in.
Landlord acknowledges that it owns the Premises subject to a $300,000 mortgage held by TD Bank, N.A..
| /s/ Xxxxxxx Perl | /s/ Xxxxxx Xxxx | ||
| TerraCycle US, LLC | TerraCycle, Inc. |
Schedule A
Assets ITEMS FOR ALLOCATION:
| Group / Category | Fee | |||
| Office Expenses (per WCB 2012.02 v2) | $ | 422,713 | ||
| Depreciation | $ | 267,954 | ||
| Total Building Expenses | $ | 690,667 | ||
| Enrollment: | ||||
| XXX X Xxxxx | 00.0 | % | ||
| TCI Other | 47.3 | % | ||
| US LLC (ex-warehouse) | 38.2 | % | ||
| Total | 100.0 | % | ||
| Expense Split Adjusted TCI | 61.8 | % | ||
| Quarterly Invoicing US LLC to TCI | ||||
| Annual Share | $ | 428,200 | ||
| Quarterly Amount | $ | 107,050 | ||
