WCI COMMUNITIES, LLC 24301 Walden Center Drive Bonita Springs. FL 34134
Exhibit 10.1
WCI COMMUNITIES, LLC
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August 28, ▇▇▇▇
| ▇▇▇▇▇▇ ▇▇▇▇▇▇ LP | VIA HAND DELIVERY | |||
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| Attn: ▇▇▇▇ ▇▇▇▇▇▇▇ |
and
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Trans Commercial
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Re: Notice of Renewal
Reference is made to the Lease Agreement dated November 19, 2010 between ▇▇▇▇▇▇ Center LP (“Landlord”) and WCI Communities, LLC (“Tenant”) as amended on July 11,2012, April 11, 2013, September 19, 2013 and January 10, 2014 (collectively, the “Lease”) pertaining to the premises located at ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇. Pursuant to the notice provisions of Section 32 of the Lease, this letter shall serve as official notice under Section 36 of the Lease, of Tenant’s intention to renew for a second one year term (“Second Renewal Term”). All defined terms shall have the meanings set forth in the Lease unless otherwise defined herein.
Landlord and Tenant agree as follows:
| 1. | The Second Renewal Term shall commence on March 1, 2015 and expire on February 28, 2016. |
| 2. | Pursuant to Section 36 of the Lease, the Rent amount is defined as 90% of current FMRV. The current FMRV of $20.00 per square foot “all in” gross rent is reduced to $18.00 per square foot “all in” gross rent under the 90% calculation. For the Second Renewal Term, Tenant shall pay Landlord “all in” gross rent of $18.00 per square foot based on 28,418 sq. ft. (or $42,627 per month), plus applicable sales tax. |
If this letter sets forth your understanding and agreement, please execute and return a copy of this letter to the undersigned.
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This letter may be executed and delivered by PDF electronic transmission and in counterparts, each of which shall be deemed a final, and when taken together, shall constitute one and the same instrument.
Sincerely,
| /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ |
| ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ |
| Senior Vice President |
| Human Resources ▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ |
ACCEPTED AND AGREED TO
THIS DAY OF AUGUST, 2014
▇▇▇▇▇▇ CENTER, LP,
a Delaware limited partnership
By: Chandelle Ventures Inc., as General Partner
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇
Name: ▇▇▇▇▇ ▇. ▇▇▇▇
Title: CFO
Email: ▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇
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