Exhibit 10.6
Lease Amendment
This Amendment is made the 17th day of November 1998 between Ninety-Fourth
Street Associates (a Minnesota Partnership) hereinafter called Landlord and
Verdant Brands, Inc. herein called Tenant.
WHEREAS, by Lease dated August 15, 1996, landlord leased to tenant the real
property together with the building and improvements then erected thereon
located at Southtech Plaza, 0000 Xxxxx Xxxxxx Xxxxx, Xxxxx 000, Xxxxxxxxxxx, XX
00000. All is more particularly described in said Lease.
THEREFORE, in consideration of the mutual covenants herein contained in other
good and valuable consideration. It is covenanted and agreed between the parties
that the aftersaid Lease be modified and amended as follows:
Description of Premise
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The square footage shall change as follows: Office/Restroom/Entry/Finished areas
changed from 4,851 sq. ft. To 7,768 sq. ft. Storage and Service areas change
from 1,589 sq. ft. to 3,632 sq. ft. The total square footage shall change from
6, 440 sq. Ft to 11, 400 sq. ft.
Lease Term
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The lease term shall be four years commencing January 1, 1999 and expiring
December 31, 2002. Tenant will have access to the expansion area upon full
execution of new Lease with landlord.
Base Rent
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Effective January 1, 1999 to September 30, 1999 $6254.00 Monthly Base Rent
October 1, 1999 through December 31, 2002 $6789.00 Monthly Base Rent
Additional Rent
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Tenant's proportionate share for purposes of allocating Real Estate Taxes
Assessments and operating expenses shall be increased from 5.6% to 9.9%.
Lease Space
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Landlord shall construct the space as detailed on the attached space plan dated
November 11, 1998 by The Design Partnership, space will be taken as built with
the exception of those improvements as indicated on the attached drawing.
Option to Terminate
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Tenant shall have the one time option to terminate this Lease at the end of the
36 month of the lease term (December 31, 2001) by providing landlord 120 day
prior written notice by Certified Mail of its intent to terminate the Lease with
payment of $13,500.00 to landlord.
This Amendment shall supersede any contrary or conflicting information contained
in the original Lease between landlord and tenant dated August 15, 1996. All
other terms and conditions of the original Lease shall remain in full force and
effect.
Ninety-Fourth Street Associates Verdant Brands, Inc.
By: /S/ Xxxxx Xxxxxxx By: /S/ Xxxx Xxxxxxxxxxx
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Its: Partner Its: Executive Vice President
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Date: 11-18-98 Date: 11/18/99
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