EXHIBIT 10.4
AGREEMENT TO EXTEND LEASE
This Agreement, made this 18th day of June, 1997, by and between 7100
BUILDING COMPANY, a General Partnership, successor in interest to Minnetonka
Business Associates, a General Partnership, (hereinafter called "Landlord") and
MICROFLAME, INC., a Minnesota Corporation (hereinafter called "Tenant").
WITNESSETH:
WHEREAS, Minnetonka Business Associates, a General Partnership and
Tenant entered into a certain Lease Agreement, dated June 1, 1990, and amended
on May 25, 1994 and June 26, 1995 (hereinafter called the "Lease") under which
Landlord demised to Tenant the Leased Premises commonly known as 00000 XxXxxx
Xxxxx, Xxxxxxxxxx, Xxxxxxxxx 00000; and
WHEREAS, said Lease is scheduled to expire by lapse of time on July 31,
1997; and
WHEREAS, Landlord and Tenant desire to amend said Lease so as to extend
the term thereof and to amend the rents payable thereunder during such period;
and
WHEREAS, it is intended by this Agreement to amend said Lease.
NOW THEREFORE, in consideration of the premises, and of the covenants
and agreements herein undertaken to be kept and performed, it is agreed as
follows:
1. TERM. The Term of the Lease is hereby extended for a period of two
(2) years commencing on the 1st day of August, 1997, and expiring on the 31st
day of July, 1999, unless the Lease shall sooner terminate as provided therein.
2. BASE RENT. Tenant shall remain paying Landlord the base rent of
$2,611.00 per month from the 1st day of August, 1997 through and including the
31st day of July, 1999, over and above the other additional payments to be made
by Tenant for the Leased Premises, payable in advance on the first day of each
and every calendar month.
3. Except as herein specifically amended, all other terms, covenants,
and conditions of the Lease shall remain in full force and effect, and the same
are hereby ratified and confirmed.
IN WITNESS WHEREOF, Landlord and Tenant have executed the within
Agreement as of the day and year first above written.
LANDLORD: TENANT:
7100 BUILDING COMPANY MICROFLAME, INC.
A General Partnership A Minnesota Corporation
By: /s/ Xxxxxxx Xxxxxxxxxx By: /s/ Xxxxxxx X. Xxxxxxx
Its: Partner Its: General Manager
Date: 6/23/97 Date: 6/18/97
