MODIFICATION OF LEASE Amendment to lease that adds Suite 151B
Exhibit 10.54
MODIFICATION OF LEASE
Amendment to lease that adds Suite 151B
1.
This lease amendment agreement is made on September 1, 2005, by KNK Properties, LLC, whose address is 0000 Xxxxx Xxxxxxx Xxxxxx, in Las Vegas, Xxxxx County, Nevada (referred to in this instrument as “lessor”), and Streamray Inc., whose address is 0000 Xxxxx Xxxxxxx Xxxxxx, Xxxxx #000, in Las Vegas, Xxxxx County, Nevada (referred to in this instrument as “lessee”).
2.
Recitals
Pursuant to the lease dated April 21, 2005 (“lease”), lessee let from lessor approximately 4,887 square feet of net rentable area in the building commonly known as Eastern Professional Plaza located at 0000 Xxxxx Xxxxxxx Xxxxxx, Xxxxx #000, and Suite # 151, Las Vegas, Xxxxx County, Nevada (the “premises”), and more specifically described in the lease, for a term which expires on April 30, 2007 (the “lease termination date”).
Lessor and lessee desire to add Xxxxx 000X to the lease beginning September 1, 2005.
Therefore, in consideration of the mutual promises contained in this lease amendment agreement, the parties agree as follows:
3.
Section One - Construction
This lease amendment and extension agreement shall be construed in conjunction with the lease and, except as amended by this instrument, all of the terms, covenants, and conditions of the lease shall remain in full force and effect and are ratified and confirmed by this instrument.
4.
Section Two – Defined Terms
All terms used in this lease amendment and extension agreement shall have the meanings ascribed to them in the lease unless otherwise defined in this instrument.
5.
Section Three – Lease Term
The term of the letting of the premises shall be as indicated in the original lease dated April 21, 2005.
6.
Section Four – Base Rent
Beginning on September 1, 2005, lessee shall pay base rent in the amount of $8,976.00, payable in advance on the first day of each month in the manner provided in the lease.
7.
Section Five – Additional Rent
Lessee shall make payments with respect to real estate taxes, operating expenses, and other additional rent, if any, in the manner provided in the lease.
8.
Security Deposit
Security Deposit from lease dated April 21, 2005 will continue to be held and increased by $912.45 to be equal to one month’s rent.
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In witness, lessor and lessee duly executed this lease amendment and extension agreement, as of the day and year written above.
LESSOR: KNK Properties, LLC A Nevada Limited Liability Company 0000 X. Xxxxxxx Xxxxxx, Xxxxx 000 Xxx Xxxxx, Xxxxxx 00000 By: /s/ Xxxx Keierman Xxxx Xxxxxxxxx Its: Principal Executed in Las Vegas, Nevada on at 0000 Xxxxx Xxxxxxx Xxxxxx, Xxxxx #000 Xxx Xxxxx, Xxxxxx 00000 | LESSEE: Streamray, Inc. 0000 X. Xxxxxxx Xxxxxx, Xxxxx #000 Xxx Xxxxx, Xxxxxx 00000-0000 By: /s/ Xxxx Xxxxxxxx Xxxx Xxxxxxxx Its: Individual/Principal Executed in Las Vegas, Nevada on at
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