ADDENDUM TO LEASE between EPS Environmental Inc. (DBA Solucorp Industries Ltd.)
as Tenant, and Croes Pecerino Industrial, as Landlord, dated May 1, 1992 as
follows;
1) The current lease term between Landlord and Tenant for 000 Xxxxxx Xxxxxx,
Xxxxxx Xxxxx, Xxx Xxxxxx expires on April 30, 1997.
2) On or about May 1, 1997, Tenant will extend the lease and move from 000
Xxxxxx Xxxxxx to 000 Xxxxxx Xxxxxx, Xxxxxx Xxxxx, Xxx Xxxxxx, also owned by
Landlord.
3) This lease extension shall be for a period of one year commencing on May 1,
1997 and ending on April 30, 1998. Tenant or Landlord may cancel this extension
with written notice delivered to the other party by certified mail (RRR) not
less than 60 days from intended cancellation date.
4) The monthly rent shall be $1,300.00 for months 1 - 6 and $1,400.00 for months
7 - 12. Tenant agrees to lease property "as is" except for new carpet to be
installed by Landlord.
5) Tenant agrees to provide Landlord with a security deposit of $2,600.00 and
the first months rent ($1,300.00) on or before May 1, 1997.
6) Tenant agrees that the rent is net, net, net and agrees to pay any and all
utilities. Tenant shall arrange to have gas, electric, water and telephone
service transferred to Tenant as of May 1, 1997.
7) In addition to monthly rent, Tenant agrees to pay its proportionate share of
real estate taxes, including a proportionate share of any increases.
8) Tenant shall obtain a Certificate of Occupancy from the town of Saddle Brook
at its sole expense and furnish a copy of same to Landlord within 30 days of
execution of this agreement.
9) Tenant represents and warrants that Xxxxxxxx Xxxxxxxx Co. is the sole
procuring cause of this lease extension and that no other broker or agent was
involved. Landlord agrees to pay any and all brokerage and management fees.
10) Tenant understands that the entire property (511, 515 & 000 Xxxxxx Xx.) is
being offered for sale and agrees to allow Landlord and its representatives to
show the property to prospective buyers with reasonable notice to Tenant. Tenant
agrees that it has no option to purchase the property and can submit an offer to
Landlord and/or its representatives at any time.
11) Tenant shall have common area parking not to exceed five cars and two 15'
trucks.
12) Tenant and Landlord agree that all terms and conditions of the original
lease of May 1,1992, (except those revised by this agreement) are in full force
and effect, including and not limited to environmental and insurance compliance.
Agreed & Accepted
Tenant Landlord
by: /s/ Xxxxxxx X Xxxxxx 5-6-97 by:
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Print name & title Date Print name & title Date
Xxxxxxx X Xxxxxx Vice President
