Exhibit 10-8
YOCREAM INTERNATIONAL, INC
0000 XX 00XX Xxxxxx Xxxxxxxx, Xxxxxx 00000
March 15, 2005
Pente Investments, LLC
0000 X.X. Xxxxx, Xxxxx 000
Xxxxxxxx, Xxxxxx 00000
Re: Amendment to Commercial Lease Dated October 1, 2003
Gentlemen:
As a follow up to our recent discussion regarding amending the base rent
provision in the lease agreement, on March 11, 2005 at a special meeting of the
YoCream International, Inc. board of directors, the following resolution was
approved and adopted:
The rent table in paragraph 2.1 of the Commercial Lease dated October 1,
2003 which provides for specific amounts for the scheduled rent increases
shall be deleted and replaced with the following or similar terms for
determining the rent payments:
First through Third Year
beginning October 1, 2003 $12,848.00 per month
Each three year period The monthly rent shall be increased
commencing October 1, 2006 to an amount not to exceed the
and continuing through monthly rent for the preceding three-
September 30, 2018 year period plus the CPI Increase
Factor.
For purposes of this calculation the CPI Increase Factor shall be
determined by multiplying the monthly rent for the preceding three-year
period by the sum of the annual percentage increases in the Consumer
Price Index, West Urban Index for the preceding three-year period plus
0.4% per year.
All other provisions of the lease shall remain in full force and effect
according to the terms and conditions thereof.
If this is in agreement with your understanding, please sign below. Once we
have your approval we will arrange for legal counsel to prepare a formal
amendment to the lease agreement.
Approved by:
YoCream Pente Investments, LLC
International, Inc.
/s/ Xxxx X. Xxxxx /s/ Xxxxx X. Xxxxx /s/ Xxxxx X. Xxxxx
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Xxxx X. Xxxxx, CEO /s/ Xxxxx X. Xxxxx /s/ Xxxx X. Xxxxx
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/s/ Xxxxxx X. Xxxxx Xx.
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