Contract
VIA FEDERAL EXPRESS
April 12, 2011
NVE Corporation
00000 Xxxxxx Xxxx Xxxx
Xxxx Xxxxxxx, XX 00000
Lease at Bryant Lake Business Center, Eden Prairie, MN
Dear Tenant:
We are writing to inform you that Xxxxxxx Real Estate Company, LLLP, a Minnesota limited liability limited partnership, has transferred title of Bryant Lake Business Center (the "Property") to the Xxxxxxx X. Xxxx Revocable Trust ("New Owner"). Simultaneous with the conveyance of the Property, New Owner entered into a long term operating agreement for the Property with CIG East Lake, LLC, a Delaware limited liability company ("CIG"), and CIG has assumed all responsibility for administering your lease and managing the Property. CIG and the New Owner are both controlled by the Xxxxxxx family.
The Property will continue to be managed on a day to day basis by Xxxxxxx Real Estate Services and you will continue to receive the same level of service and maintenance which you have come to expect from Xxxxxxx. All future rent payments, communications and notices should now be directed to CIG at the following address:
| RENT: (make checks payable to CIG East Lake, LLC): c/o Carlson Real Estate Services, LLC 000 Xxxxxxx Xxxxxxx, Xxxxx 000 Xxxxxxxxxx, XX 00000 Attn: ACCOUNTING Phone: (000) 000-0000 Fax: (000) 000-0000 |
LEGAL NOTICES: c/o Carlson Real Estate Services, LLC 000 Xxxxxxx Xxxxxxx, Xxxxx 000 Xxxxxxxxxx, XX 00000 Attn: LEGAL DEPT. Phone: (000) 000-0000 Fax: (000) 000-0000 |
Finally, please direct your insurance carrier to change the name of the additional insured under all insurance policies that you maintain pursuant to your lease to the following: (1) CIG East Lake, LLC; (2) the Xxxxxxx X. Xxxx Revocable Trust; and (3) their respective successors and assigns. Once this is done, please deliver an updated certificate of insurance to Xxxxxxx Real Estate Services, LLC at the above address.
Thank you for your cooperation.
| Very truly yours,
XXXXXXX REAL ESTATE SERVICES, LLC By: /s/ XXXXX X. XXXXXXXXXX Name: Xxxxx X. Xxxxxxxxxx Its: Senior Counsel |
