[Letterhead]
July 18, 1995
Xx. Xxx Xxxxxxx
Logical Design Group
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, XX 00000
Dear Xxx:
The purpose of this letter is to document landlord and tenant's agreement
to change your lease as follows:
1. The tenant's space shall be decreased by the 1,815 square feet at the end
of the building closest to Xxxxx Xxxxxxx Automotive as shown on Exhibit A.
The rent for this space, $1,250 a month, shall be deducted from the tenant's
current rent of $6,837.89 for a rent of $5,587.89 per month for the 7,086
square feet leased. This change will occur upon tenant's occupancy of space
in number 2 below, expected to be by August 1, 1995. The landlord grants the
tenant the option to lease the 1,815 square foot space beginning on
September 1, 1996, by giving the landlord written notice by June 1, 1996. The
gross rental rate for the space if this option is exercised shall be
$1,300.00 per month for the first year leased.
2. The tenant shall add to its space above, the space now occupied by
Xxxxxx, as shown on Exhibit A, consisting of approximately 2,142 square feet
at the same price per foot as the tenant is currently paying, $9.46 per
square foot, for a total of $1,689.14 per month additional rent. The total
square footage for the reduced original space plus this additional space is
9,228 square feet. The rental rate for this space is $7,277.03. This change
will occur upon vacancy of existing tenant, Cintee, expected to be by August
1, 1995.
3. In additional to the above space, the tenant's space shall be increased
by a portion of the former ASI Sign Systems warehouse space consisting of
2,404 square feet as shown on Exhibit A. The rental rate for this square
footage shall be $4.50 per square foot plus the $1 per square foot TICAM
charge for a total of $5.50 per square foot, or $1,101.83 per month. Thus,
the total square footage in the tenant's entire space is 11,632 square feet
with a monthly payment of $8,378.86. This change will occur upon vacancy by
current tenant, ASI Sign, and completion of improvements required to demise
the space as shown on Exhibit A. Landlord shall separate and put in good
working order the electrical, plumbing, and air conditioning systems. The
expected date for this change to occur is November 1, 1995.
[LOGO]
CAROLANTIC REALTY
Xx. Xxx Xxxxxxx
July 18,1995
Page Two
4. As with the tenant's previous agreement, the base rent charged to the
tenant shall not increase for the remainder of the term of this lease.
However, the tenant's rent may be adjusted to reflect changes in the
operating cost of the building for taxes, insurance, water, trash removal,
cardboard recycling, and common area maintenance.
5. The term of the tenant's lease shall be extended to coincide with the
lease on the remainder of the former ASI Sign Systems space, November 30, 2002.
6. The tenant shall have the right to lease the remaining 3,500 square feet
of the former ASI Sign Systems space at any time after May 31, 2000, by
notifying the landlord and the adjacent tenant in writing 12 months prior to
the tenant's intended occupancy date. The rent for the additional space, if
this option is exercised, shall be the same as the existing tenant has
contracted to pay the Landlord for the 3,500 square foot remainder space, for
the remainder of its term.
The attached Exhibit A shows the space to be leased by the tenant. If the
above changes are acceptable to you, please signify by signing below on the
blanks that I have provided. Thank you for working with Xxxxxxxxxx Realty on
your real estate needs.
Sincerely,
/s/ Xxxxxxx Xxxxxxx
Xxxxxxx Xxxxxxx
/s/ Xxxxx X. Xxxxxxxxxx /s/ Xxx Xxxxxxx
------------------------- ------------------------
Teal Properties, Xxxxx Xxxxxxxxxx Logical Design Group, Xxx Xxxxxxx
Landlord Tenant
0000 XXXXXX XXXX XXXX XX -54-
EXHIBIT A
[FLOORPLAN]
LEASE RESUME
------------
BUILDING: TEAL BUILDING S-480
-------------------------------
TENANT & ADDRESS: LOGICAL DESIGN GROUP, INC. CONTACT:
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, XX 00000
PHONE: 000-0000
BUILDING SQ. FT.:_______________________
SQ. FT. LEASES: 4,550 % OF BUILDINGS: _________
------------------------
COMMENCEMENT DATE OF LEASE: 4/1/87 Execution dates of Lease:
------- Tenant:__________________
Landlord:________________
TERM: 5 YEARS BEGINNING: 4/1/87 ENDING: 12/31/91
------------ ------------ ------------------
RENT: $36,172.44/year MONTHLY: $3,014.37 P/S/F: $8.00
----------------- -------------- -------------------
PRORATIONS: TAXES: XxxxXxxx's Responsibility
INSURANCE: " "
CAM: " "
MECHANICAL MAINTENANCE & INSPECTION COSTS: LandLord's Responsibility
INCREASES: Annual C.P.I.
OPTION TO EXTEND: 1/5 year option
----------------
TERMS: 180 day advance written notice - 7/1/91
INCREASE: Annual C.P.I. - 7.5% CAP
SECURITY DEPOSIT: None COMMISSION: 6% monthly - XXXXXXX XXXXXXX
---------- ---------------
COMMENTS: 1) Tenant has right of first refusal on 4/1/88 - $3094.71
adjacent space 3/1/89 - $3855.49
4/1/90 - $4142.90
11/1/90 - $5232.90
LEASE AMENDMENT DATED MAY 23, 1988
----------------------------------
NEW RENTAL RATE: $3,659.08
NEW SQUARE FOOTAGE: 5,840 square feet (1,290 square feet added) 9/1/91 $430.22 Inst.
1040.00 add'l
-------
$5470.22
LEASE AMENDMENT DATED FEBRUARY 10, 1989 LEASE AMENDMENT - JULY 13, 1990 & NOV 15, 1990
----------------------------------------- ----------------------------------------------
EFFECTIVE MARCH 1, 1989 Additional of - 1,246 sf
NEW RENTAL RATE: $3,855.49 Additional rent - $1,040.00
Commencement - Nov. 5, 1990
Expiration - June 30, 1993
LEASE EXTENSION - APRIL 13, 1993
--------------------------------
-Exercises first 5-year option period: 7/1/93 - 6/30/98.
-Current rental rate remains unchanged throughout
the entire term of option period. Cost of Living
adjustments called for in lease shall not be in
affect during the option period.
-All other terms and conditions of lease remain
unchanged.
LEASE AMENDMENT LETTER - DECEMBER 21, 1994
------------------------------------------
-Tenant space increased by 1,815 sf (former IEP unit). Total - 8,901 sf.
-Leases space as-is except for Landlord getting HVAC system operational and
closing demising wall.
-Rent to increase by $1,250.00/month: Total of $6,837.89 per month.
-Increase in space and rent shall be affective 1/1/95.
-All other terms and conditions remain the same.
[logo]
[letterhead]
December 21, 1994
Xx. Xxx Xxxxxxx
Logical Design Company, Inc.
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, XX 00000
Dear Xxx:
The purpose of this letter is to document the landlord's agreement to add
additional space to your lease in the following manner:
1. The size of the Tenant's space shall be increased by 1,815 square feet
consisting of the unit formerly occupied by IEP, Inc. at the end of the
building closest to Xxxxx Xxxxxxx Automotive.
2. The tenant shall take the space as-is except for the landlord getting
all of the heating systems operational, and closing demising wall.
3. The tenant agrees to increase its rent by $1,250 per month to a total
of $6,837.89 per month.
4. The increase in space and rent shall commence January 1, 1995.
All other terms and conditions of the lease shall remain unchanged. If
these changes are acceptable to you, please acknowledge below on the blank
that I have provided. Thank you for working with Xxxxxxxxxx Realty on your
real estate needs.
Sincerely
/S/ XXXXXXX XXXXXXX
Xxxxxxx Xxxxxxx
/s/ XXXXX XXXXXXX XXXXXXX /S/ XXXXXXX XXXXXXX
---------------------------- -------------------------
Logical Design, Inc., Tenant Teal Properties, Landlord
[LOGO]
LEASE RESUME
------------
BUILDING: TEAL BUILDING S-480
-------------------------------
TENANT & ADDRESS: LOGICAL DESIGN GROUP, INC. CONTACT:
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, XX 00000
PHONE: 000-0000
BUILDING SQ. FT.:_______________________
SQ. FT. LEASES: 4,550 % OF BUILDINGS: _________
------------------------
COMMENCEMENT DATE OF LEASE: 4/1/87 Execution dates of Lease:
------- Tenant:__________________
Landlord:________________
TERM: 5 YEARS BEGINNING: 4/1/87 ENDING: 12/31/91
------------ ------------ ------------------
RENT: $36,172.44/year MONTHLY: $3,014.37 P/S/F: $8.00
----------------- -------------- -------------------
PRORATIONS: TAXES: XxxxXxxx's Responsibility
INSURANCE: " "
CAM: " "
MECHANICAL MAINTENANCE & INSPECTION COSTS: LandLord's Responsibility
INCREASES: Annual C.P.I.
OPTION TO EXTEND: 1/5 year option
----------------
TERMS: 180 day advance written notice - 7/1/91
INCREASE: Annual C.P.I. - 7.5% CAP
SECURITY DEPOSIT: None COMMISSION: 6% monthly - XXXXXXX XXXXXXX
---------- ---------------
COMMENTS: 1) Tenant has right of first refusal on 4/1/88 - $3094.71
adjacent space 3/1/89 - $3855.49
4/1/90 - $4142.90
11/1/90 - $5232.90
LEASE AMENDMENT DATED MAY 23, 1988
----------------------------------
NEW RENTAL RATE: $3,659.08
NEW SQUARE FOOTAGE: 5,840 square feet (1,290 square feet added) 9/1/91 $430.22 Inst.
1040.00 add'l
-------
$5470.22
LEASE AMENDMENT DATED FEBRUARY 10, 1989 LEASE AMENDMENT - JULY 13, 1990 & NOV 15, 1990
----------------------------------------- ----------------------------------------------
EFFECTIVE MARCH 1, 1989 Additional of - 1,246 sf
NEW RENTAL RATE: $3,855.49 Additional rent - $1,040.00
Commencement - Nov. 5, 1990
Expiration - June 30, 1993
LEASE EXTENSION - APRIL 13, 1993
--------------------------------
-Excercises first 5-year option period: 7/1/93 - 6/30/98.
-Current rental rate remains unchanged throughout
the entire term of option period. Cost of Living
adjustments called for in lease shall not be in
affect during the option period.
-All other terms and conditions of lease remain
unchanged.
LEASE AMENDMENT LETTER - DECEMBER 21, 1994
------------------------------------------
-Tenant space increased by 1,815 sf (former IEP unit). Total - 8,901 sf.
-Leases space as-is except for Landlord getting HVAC system operational and
closing demising wall.
-Rent to increase by $1,250.00/month: Total of $6,837.89 per month.
-Increase in space and rent shall be affective 1/1/95.
-All other terms and conditions remain the same.
TEAL PROPERTIES
000 Xxxxx Xxxxx
Xxxxxxx, X.X. 00000
March 13, 1992
Logical Design Group
Attention: Accounts Payable
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, X.X. 00000
Dear Xxx,
Per the terms of your lease, I would like to advise you of a rent increase
for the space occupied at 0000 Xxxxxx Xxxx Xxxx. The increase is based upon
the Consumer Price Index and has been calculated as follows:
CPI January 1992 413.8 = 1.17958951 x $3,855.49 = $4,547.89
------------------------------
CPI April 1988 350.8
1992 Base Rate . . . . . . . . . $4,547.89
Rent for additional space. . . . $1,040.00
---------
New Rent . . . . . . . . . . . . $5,587.89
Please make your April and future rent payments for the sum of $5,587.89.
Your next rent adjustment will be April 1993.
Please do not hesitate to give me a call at 000-0000 should you have any
questions pertaining to the calculations. Thank you for your assistance is
this matter.
Sincerely,
Xxxxxx X. Xxx
TEAL PROPERTIES
000 Xxxxx Xxxxx
Xxxxxxx, XX 00000
March 17, 1992
Quality Sign Systems, Inc.
D/B/A ASI Sign Systems
Attn: Xxxxxx Xxxxx
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, XX 00000
Dear Xxx,
Per the terms of your lease, we are providing you with totals of year end
expenses (more specifically expenses such as taxes, insurance, and common
area maintenance) for your referenced location. Below please find a
breakdown of these expenses:
Water/sewer $1,180.26 TAXES: $5,443.78
Electricity 1,065.18 -----
Trash removal 2,495.92
Grounds Maintenance 2,442.50
--------- INSURANCE: $ 977.00
---------
TOTAL CAM $7,203.86
---------
ASI's occupancy is 5,400 square feet, or 28.9% of the total building
(18,700 square feet = 100%). Total expenses for taxes, insurance, and CAM
were $13,624.64. Your Pro Rata share is calculated as follows:
$13,624.66 x 28.9% = $3,937.52 = $328.12
-----------
12 months
(Please note that this is the first Pro Rata increase in several years.
Actually, the previous two years the Pro Rata costs decreased.)
Because you have optioned to make a lump sum payment of your Pro Rata share
at the end of the calendar year, monthly installments need not be made. Your
December rent check needs to include a payment of $3,818.01 (3 months at
$288.31 and 9 months at $328.12) for your Pro Rata share.
Your base rent is next due for revision/review on May 1, 1992 and you will be
advised of the new rate in April.
A review of your lease file revealed that we do not have a current copy of
your certificate of insurance. Please ask your insurance agent to forward
one to us at the above address.
If you have any questions please give me a call at 000-0000.
Sincerely,
Xxxxxx X. Xxx
[LETTERHEAD]
July 13, 1990
Xx. Xxx Xxxxxxx
Logical Design Group, Inc.
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, Xxxxx Xxxxxxxx 00000
Re: Lease Addendum
Dear Xxx:
This letter shall serve as an addendum to your lease on 0000 Xxxxxx Xxxx
Xxxx commencing April 1, 1987. The undersigned hereby agree to make the
following changes to the lease:
1. The demised premises shall increase by a net square footage of
1,246 feet, as shown on Exhibit "A." (The Tenant shall delete from
its demised premises 504 square feet of warehouse area and add
1,750 square feet of area.)
2. The rent for the demised premises shall increase by $1,040.00 per
month upon completion of the improvements shown on Exhibit "A."
3. The Landlord shall pay for the construction of the improvements
shown on Exhibit "A."
4. The lease term shall be extended by one and one-half years with a
new termination of the lease being June 30, 1993.
All other terms and conditions of the lease shall remain the same. If
these terms are acceptable to you, please acknowledge so on the blank
provided below.
ACKNOWLEDGED AND AGREED TO:
Logical Design Teal Properties
Tenant Landlord
By: By:
/S/ XXXXX XXXXXXX XXXXXXX /S/ XXXXXXX XXXXXXX
------------------------------ -------------------------------
P.O. Drawer 0000 Xxxxxxx, X.X. 00000 (919)832-0594
X. Xxxxxxx Xxxxxx, Individual Membership in the Society of Industrial
and Office Realtors
[LOGO]
[LOGO]
July 13, 1990
Xx. Xxx Xxxxxxx
Logical Design Group, Inc.
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, Xxxxx Xxxxxxxx 00000
Re: Lease Addendum
Dear Xxx:
This letter shall serve as an addendum to your lease on 0000 Xxxxxx Xxxx
Xxxx commencing April 1, 1987. The undersigned hereby agree to make the
following changes to the lease:
1. The demised premises shall increase by a net square footage of 1,246
feet, as shown on Exhibit "A." (The Tenant shall delete from its
demised premises 504 square feet of warehouse area and add 1,750
square feet of area.)
2. The rent for the demised premises shall increase by $1,040.00 per
month upon completion of the improvements shown on Exhibit "A."
3. The Landlord shall pay for the construction of the improvements
shown on Exhibit "A."
4. The lease term shall be extended by one and one-half years with a
new termination of the lease being June 30, 1993.
All other terms and conditions of the lease shall remain the same. If
these terms are acceptable to you, please acknowledge so on the blank
provided below.
ACKNOWLEDGED AND AGREED TO:
Logical Design Teal Properties
Tenant Landlord
By: By:
/S/ XXXXX XXXXXXX XXXXXXX /S/ XXXXXXX X. XXXXXXX
---------------------------- ----------------------------
P.O. Drawer 0000 Xxxxxxx, X.X. 00000 (919) 832-0594
X. Xxxxxxx Xxxxxx, Individual Membership
in the Society of Industrial
and Office Realtors
[LOGO]
[LOGO]
April 25, 1989
Xx. X. X. Xxxxx
Xx. Xxx Xxxxxxx
Logical Design Company
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, Xxxxx Xxxxxxxx 00000
Dear M. G. and Xx. Xxxxxxx:
On February 10, 1989, Xxxxxxx Xxxxxxx sent you a letter informing you that
the office work was complete and that your rental payments were to increase
by $196.41 per month. However, the new total monthly rental figure of
$3,291.12 was incorrect. (A copy of this letter is enclosed for your
convenience.)
Your correct monthly rental figure is $3,855.49 and became effective March 1,
1989. We have received $3,291.12 per month for the months of March and April.
Please remit an additional $1,128.74 for these months.
We apologize for any inconvenience our miscalculations may have caused. Thank
you for your assistance in this matter and please feel free to call should
you have any questions.
Sincerely,
/S/ XXXXX XXXXXX
Xxxxx Xxxxxx
Enclosure
P.O. Drawer 0000 Xxxxxxx, X.X. 00000 (919) 832-0594
X. Xxxxxxx Xxxxxx, Individual Membership in the Society of Industrial
and Office Realtors
[LOGO]
[LOGO]
February 10, 1989
X. X. Xxxxx
Xxx Xxxxxxx
Logical Design Company
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, Xxxxx Xxxxxxxx
Dear Xxx and M.G.:
Xxxxxx & Associates finally sent us the bill for the office work to your
space. Based on the cost of the work that Xxxxxx performed, your rent will
increase by $196.41 per month beginning March 1, 1989. Your total monthly
rent at that time will be $3,291.12.
Please call me if you have any questions about these figures.
Sincerely,
Xxxxxxx Xxxxxxx
[letterhead]
[Logo]
March 22, 1988
Logical Design Group, Inc.
ATTENTION: Accounts Payable
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, Xxxxx Xxxxxxxx 00000
Dear Madam or Sir:
Per the terms of your lease, I would like to advise you of a rent increase
for the space occupied at 0000 Xxxxxx Xxxx Xxxx effective April 1, 1988. This
increase is based upon the Consumer Price Index and has been calculated as
follows:
CPI January, 1988 - 346.7
-------------------------
CPI April, 1987 - 337.7 = 1.026651 x $3,014.37 (commencement rent) =
$3,094.71 NEW MONTHLY RENT
Please do not hesitate to call me should you have any questions pertaining to
the calculations. Thank you for your assistance in this matter.
Sincerely,
/S/ XXXXX XXXXXX
Xxxxx Xxxxxx
CC: Teal Properties
P.O. Drawer 0000 Xxxxxxx, X.X. 00000 (919) 632-0894
X. Xxxxxxx Xxxxxx, Individual Membership in the
Society of Industrial and Office Realtors
[Logo]
LEASE RESUME
----- ------
BUILDING: Teal Building
-------------------------------------------------- S-480
TENANT & ADDRESS: LOGICAL DESIGN GROUP, INC. CONTACT:
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, XX 00000 PHONE: 000-0000
BUILDING SQ. FT.: ------------------------
SQ. FT. LEASED: 4,550 # OF BUILDING: ---------
-------------------------
COMMENCEMENT DATE OF LEASE: 4/1/87 Execution Dates of Lease:
---------------------
Tenant: ----------------
Landlord: --------------
TERM: 5 YEARS BEGINNING: 4/1/87 ENDING: 12/31/91
--------------- --------------- ----------------
RENT: $36,172.44/year MONTHLY: $3,014.37 P/S/F: $8.00
------------------ ----------------- -----------------
PRORATIONS: TAXES: Xxxxxxxx's Responsibility
INSURANCE: " "
CAM: " "
MECHANICAL MAINTENANCE & INSPECTION COSTS: Landlord's Responsibility
INCREASES: Annual C.F.I.
OPTION TO EXTEND: 1/5 year option
-------------------------------------
TERMS: 180 day advance written notice - 7/1/91
------
INCREASES: Annual C.F.I. = 7.5% CAP
SECURITY DEPOSIT: None COMMISSION: 6% monthly - XXXXXXX XXXXXXX
---- ---------------
COMMENTS: 1) Tenant has right of first refusal on 4/1/88 $3,094.71
adjacent space 7/1/88 $3,659.08
3/1/89 $3,855.49
4/1/90 $4,142.40
11/4/90 $5,232.90
LEASE AMENDMENT DATED MAY 23, 1988 4/1/91 $4,430.22 Init
-------------------------------------- $1,040.00 Add'l 4/1/92 - $5,587.36
NEW RENTAL RATE: $3,659.08 ---------
NEW SQUARE FOOTAGE: 5,840 square feet (1,290 square feet added) $5,470.22
LEASE AMENDMENT DATED FEBRUARY 10, 1989
--------------------------------------- LEASE AMENDMENT - July 13, 1990 & Nov. 15, 1990
EFFECTIVE MARCH 1, 1989 ------------------------------------------------
NEW RENTAL RATE: $3,855.49 Additional sf - 1,246 sf
Additional rent - $1,040.00
Commencement - Nov. 5, 1990
Expiration - June 30, 1993
LEASE EXTENSION - APRIL 13, 1993
--------------------------------------
-Exercises first 5-year option period: 7/1/93 - 6/30/98.
-Current rental rate remains unchanged throughout
the entire term of option period. Cost of Living
adjustments called for in Lease shall not be in
effect during the option period.
-All other terms and conditions of lease remain
unchanged.
LEASE AMENDMENT LETTER - DECEMBER 21, 1994
------------------------------------------
-Tenant space increased by 1,815 sf (former IEP unit). Total - 8,901 sf.
-Leases space as-is except for Landlord getting HVAC system operational and
closing demising wall.
-Rent to increase by $1,250.00/month: Total of $6,837.89 per month.
-Increase in space and rent shall be effective 1/1/95.
-All other terms and conditions remain same.
LEASE RESUME
----- ------
BUILDING: Teal Building
-------------------------------------------------- S-480
TENANT & ADDRESS: LOGICAL DESIGN GROUP, INC. CONTACT:
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, XX 00000 PHONE: 000-0000
BUILDING SQ. FT.: ------------------------
SQ. FT. LEASED: 4,550 # OF BUILDING: ---------
-------------------------
COMMENCEMENT DATE OF LEASE: 4/1/87 Execution Date of Lease:
---------------------
Tenant: ----------------
Landlord: --------------
TERM: 5 YEARS BEGINNING: 4/1/87 ENDING: 12/31/91
--------------- --------------- ----------------
RENT: $36,172.44/year MONTHLY: $3,014.37 P/S/F: $8.00
------------------ ----------------- -----------------
PRORATIONS: TAXES: Xxxxxxxx's Responsibility
INSURANCE: " "
CAM: " "
MECHANICAL MAINTENANCE & INSPECTION COSTS: Landlord's Responsibility
INCREASES: Annual C.F.I.
OPTION TO EXTEND: 1/5 year option
-------------------------------------
TERMS: 180 day advance written notice - 7/1/91
------
INCREASES: Annual C.F.I. = 7.5% CAP
SECURITY DEPOSIT: None COMMISSION: 6% monthly - XXXXXXX XXXXXXX
---- ---------------
COMMENTS: 1) Tenant has right of first refusal on 4/1/88 $3,094.71
adjacent space 7/1/88 $3,659.08
3/1/89 $3,855.49
4/1/90 $4,142.40
11/4/90 $5,232.90
LEASE AMENDMENT DATED MAY 23, 1988 4/1/91 $4,430.22 Init
-------------------------------------- $1,040.00 Add'l 4/1/92 - $5,587.36
NEW RENTAL RATE: $3,659.08 ---------
NEW SQUARE FOOTAGE: 5,840 square feet (1,290 square feet added) $5,470.22
LEASE AMENDMENT DATED FEBRUARY 10, 1989
--------------------------------------- LEASE AMENDMENT - July 13, 1990 & Nov. 15, 1990
EFFECTIVE MARCH 1, 1989 ------------------------------------------------
NEW RENTAL RATE: $3,855.49 Additional sf - 1,246 sf
Additional rent - $1,040.00
Commencement - Nov. 5, 1990
Expiration - June 30, 1993
LEASE EXTENSION - APRIL 13, 1993
--------------------------------------
-Exercises first 5-year option period: 7/1/93 - 6/30/98.
-Current rental rate remains unchanged throughout
the entire term of option period. Cost of Living
adjustments called for in lease shall not be in
effect during the option period.
-All other terms and conditions of lease remain
unchanged.
[LOGO]
April 13, 1993
Xx. Xxx Xxxxxxx
Logical Design Group
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, Xxxxx Xxxxxxxx
Re: Lease Extension
Dear Xxx:
Thanks for your time on the phone today. The purpose of this letter is
to document the following modifications in the lease between Logical Design
Group and Teal Properties at 0000 Xxxxxx Xxxx Xxxx, Xxxxxxx, X.X.
1. The current rental rate for the building shall remain unchanged
throughout the entire term of the tenant's first five (5) year option
period. The cost of living adjustments called for in the lease shall not
take effect during the tenant's option period.
2. Logical Design Group hereby exercises its first five (5) year
extension on the lease.
All other terms and conditions of this lease shall remain unchanged. If
these changes are acceptable to you, please acknowledge by signing on the blank
provided below. Thank you for working Carolantic Realty.
Sincerely,
/S/ XXXXXXX XXXXXXX
Xxxxxxx Xxxxxxx
Tenant: Landlord:
Logical Design Group Teal Properties
/S/ XXXXX XXXXXXX XXXXXXX /S/ XXXXXXX XXXXXXX
------------------------- -------------------------
P.O. DRAWER 0000 XXXXXXX, X.X. 00000 (919) 832-0594
Individual Membership in the Society of Industrial and Office Realtors
[LOGO]
LEASE RESUME
------------
BUILDING: TEAL BUILDING S-480
-------------------------------------
TENANT & ADDRESS: LOGICAL DESIGN GROUP, INC. CONTACT:
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, XX 00000
PHONE #: 000-0000
BUILDING SQ. FT.:
--------------
SQ. FT. LEASED: 4,550 % OF BUILDING:
---------------- -------
COMMENCEMENT DATE OF LEASE: 4/1/87 Executive dates of lease:
--------------
Tenant:
------------------
Landlord:
----------------
TERM: 5 years BEGINNING: 4/1/87 ENDING: 12/31/91
-------------- -------------- ------------------
RENT: $36,172.44/year MONTHLY: $3,014.37 P/S/F: $8.00
-------------- ---------------- -------------------
PRORATIONS: TAXES: Xxxxxxxx's Responsibility
INSURANCE: " "
CAM: " "
MECHANICAL MAINTENANCE & INSPECTION COSTS: Landlord's Responsibility
INCREASES: Annual C.P.I.
OPTION TO EXTEND: 1 / 5 year option
------------------------------------------
TERMS: 180 day advance written notice - 7/1/91
------
INCREASES: Annual C.P.I. - 7.5% CAP
SECURITY DEPOSIT: None COMMISSION: 6% monthly - XXXXXXX XXXXXXX
-------------- ----------------
COMMENTS: 1) Tenant has right of first refusal on 4/1/88 $ 3094.71
adjacent space 3/1/89 $ 3855.49
4/1/90 $ 4142.90
LEASE AMENDMENT DATED MAY 23, 1988: 11/1/90 $ 5232.90
----------------------------------
NEW RENTAL RATE: $3,659.08
NEW SQUARE FOOTAGE: 5,840 square feet 4/1/91 4430.22 Init
(1,290 square feet added) 1040.00 Add'l
-------------
$ 5470.22
LEASE AMENDMENT DATED FEBRUARY 10, 1989: LEASE AMENDMENT - July 13, 1990 & Nov. 15, 1990:
---------------------------------------- -------------------------------------------------
EFFECTIVE MARCH 1, 1989 Additional sf - 1,246 sf
NEW RENTAL RATE: $3,855.49 Additional rent - $1,040.00 4/1/92 $ 5587.86
Commencement - Nov. 5, 1990
Expiration - June 30, 1993
TEAL PROPERTIES
000 Xxxxx Xxxxx
Xxxxxxx, X.X. 00000
March 20, 1991
Logical Design Group
Attention: Accounts Payable
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, X.X. 00000
Dear Xxx,
Per the terms of your lease, I would like to advise you of a rent increase for
the space occupied at 0000 Xxxxxx Xxxx Xxxx. The increase is based upon the
Consumer Price Index and has been calculated as follows:
CPI January 1991 403.1 = 1.1490578 x $3,855.49 = $4,430.22
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CPI April 1988 350.6
1991 Base Rate...................$4,430.22
Rent for additional space........$1,040.00
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New Rent.........................$5,470.22
Please make your April and future rent payments for the sum of $5,470.22.
Your next rent adjustment will be April 1992.
Please do not hesitate to give me a call at 000-0000 should you have any
questions pertaining to the calculations. Thank you for your assistance in
this matter.
Sincerely,
Xxxxxx X. Xxx
November 15, 1990
X.X. Xxxxx
Logical Design Group
0000 Xxxxxx Xxxx Xxxx
Xxxxxxx, Xxxxx Xxxxxxxx 00000
Re: Commencement of Lease Addendum
Dear M.G.:
Thank you for your time on the phone today. This letter shall document
the commencement of the expansion space called for in the July 13, 1990 lease
addendum. Logical Design was able to get power to the new space November 5,
1990. The pro rated additional rental for the balance of November is $867.00
(25 days divided by 30 days x $1040 - $867). Beginning December 1, your
regular lease payment for the new space is $4,895.49 ($3,855.49 current rent
plus $1,283 additional rent for new space minus $243 rent on ASI space).
Thank you for working with Xxxx and I on your expansion needs.
Sincerely,
Xxxxxxx Xxxxxxx
RH:st
MAY 23, 1988
AMENDMENT TO LEASE
LOGICAL DESIGN COMPANY, TENANT
TEAL PROPERTIES, LANDLORD
0000 Xxxxxx Xxxx Xxxx, Xxxxxxx, Xxxxx Xxxxxxxx Property
The undersigned Landlord and Tenant agree to amend the above lease as follows:
1) The premises shall be enlarged according to the attached Exhibit C,
which shall add 1,290 square feet to the space.
2) The Landlord, at its sole expense, shall install a 3'0'' wide personal
door prior to July 1, 1988, in a location specified by the Tenant. The
Landlord shall be responsible for installing a demising wall as shown on
Exhibit C, as well as warehouse lighting in the Tenant's new space.
3) The base rent under the lease shall increase by $564.37 per month,
effective July 1, 1988.
All other terms and conditions of the lease shall remain the same.
LANDLORD: TENANT:
TEAL PROPERTIES LOGICAL DESIGN
BY: /S/ XXXXXXX XXXXXXX BY: /S/ XXXX XXXXXXX XXXXXXX
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[FLOORPLAN]
LEASE [LOGO]
NORTH CAROLINA:
WAKE COUNTY:
THIS LEASE, made this the first day of August, 1986, by and between Teal
Properties, a North Carolina General Partnership, hereinafter "Landlord", and
Logical Design Group, Inc., a N.C. Corporation hereinafter (whether one or
more) "Tenant";
WITNESSETH:
Upon the terms and conditions hereinafter set forth, the Landlord leases
to Tenant and Tenant leases from Landlord property referred to as the Demised
Premises, all as follows:
1. DEMISED PREMISES. The property hereby leased to Tenant is that area
shown on Exhibit A hereto attached, which consists of approximately 4550
square feet, which is located in what is sometimes called the Logical Design
Building, located at Chapel Hill Road, Raleigh, Wake County, North Carolina,
together with such common spaces in the building and on the lot where the
building is located as are hereinafter specified (but none other), which
leased property is herein referred to as the Demised Premises.
2. TERM. This lease shall commence on the earlier of the date that
Xxxxxx takes possession of any part of the Demised Premises or December 23,
1986, whichever first occurs, and shall terminate (unless extended as herein
provided) at midnight on December 31, 1991. Providing that Tenant not be in
default under any of the provisions hereof, and provided further that Tenant
give Landlord one hundred eighty (180) days advance written notice of intent
to do so. Tenant shall have the right to extend this lease for an additional
period of five years, at a rental rate determined as provided under
Paragraphs 4 and 5.
3. USE. Tenant may use the Demised Premises for Electronic design &
assembly purposes, but for none other without Landlord's prior written
consent, but in no event shall Tenant make any use of the property which is
in violation of any lawful governmental laws, rules or regulation insofar as
they might relate to Tenant's use and occupancy of the premises, nor may
Tenant make any use of the premises not permitted by any restrictive
covenants which apply to the Demised Premises, or which is or might
constitute a nuisance, or which increases the fire insurance premiums (or
makes such insurance unavailable to Landlord) on the building. Tenant shall
not permit its agents, employees, or invitee's to place excessive loads on
the parking lots and drives, the maximum load for any vehicle shall not
exceed eight (8) KIPS per axle for vehicles parking in the customer parking
area, and twelve (12) KIPS per axle for vehicles in the truck loading areas.
4. RENT. All rent payable by Tenant shall be without previous demand
therefor by Landlord, and without setoff or deduction. The Minimum Rent for
the term shall be the sum of $36,172.44 per year which rent shall be payable
in equal monthly installments of $3014.37 per month payable on or before the
first day of each calendar month during the term of this lease, unless the
term commences other than on the first day of the month, in which event rent
at the above rate until the end of that month shall be due and payable on the
commencement date. In addition to such remedies as may by provided under the
Default provisions of this lease, Landlord shall be entitled to a late charge
of two (2%) per cent of the amount of the monthly rent if not received when
due, and a charge of five (5%) per cent of the rent for any check given by
Tenant not paid when first presented by Landlord.
5. ADDITIONAL RENT. For each twelve month period following the preceding
twelve full months of the lease, Tenant shall pay as Additional Rent any such
amounts as may be necessary to bring the purchasing power of the Minimum Rent
to a level equivalent to that of the first twelve months of the Term ("Cost
of Living Increase"). The Cost of Living Increase shall be determined by
multiplying the Minimum Annual Rent by a fraction, the denominator of which
is the Consumer Price Index for All Urban Consumers-U.S. City Average
(1967=100), all Items, as published by the Bureau of Labor Statistics, U.S.
Department of Labor, for the month of commencement of the Term, and the
numerator of which is said Price Index for the third month immediately
preceding the twelve month term just concluding. Landlord shall notify Tenant
in writing, giving calculations of the amount of Additional Rent, which
Additional Rent shall be payable at the same time as, and in addition to
Minimum Rent, with Minimum Rent at no time to be less than stated in
Paragraph 4. Tenant shall further pay as Additional Rent any sales or use tax
imposed on rents collected by Landlord (other than City, State or Federal
Income Tax), or any tax or rents in lieu of ad valorem taxes on the building,
even though laws imposing such taxes attempt to require the Landlord to pay
the same. Increases under this clause shall be limited to a maximum 7.5% in
any one year.
6. SERVICES BY LANDLORD. Landlord shall cause to be furnished to the
premises in common with other Tenants, during reasonable business hours,
Monday through Friday (excluding national or state holidays), the following
services: Common area maintenance, roof & exterior maintenance, cold water
for dome uses, Real Estate taxes, Real Estate Insurance, and Mechanical
maintenance.
7. UTILITIES. Tenant shall pay promptly and before any delinquency for
non-payment occurs all charges for utilities serving the demised premises,
including without limitation, electricity, gas, sewer, and/or oil bills, and
in the event that any utilities are not separately metered for Tenant, Tenant
shall pay its proper pro-rata portion of such utilities in common with others
using off the same meter, provided that on request of Landlord or Tenant,
Tenant's use of any particular utility shall be determined by appropriate
survey of Tenant's equipment, by monitoring of submeters, or other method
fairly evaluating Tenant's use, and after such determination Tenant's charges
for utilities uses surveyed shall be adjusted in accordance with such
determinations. Tenant shall in such case have the option as to future
charges to have installed at its expense separate meters for the utilities in
questions.
8. TENANT'S ACCEPTANCE AND MAINTENANCE OF PREMISES. Tenant or occupancy
of the Demised Premises represents to the Landlord that it has examined and
inspected the same, finds them to be as represented by the Landlord and
satisfactory for Xxxxxx's intended use, and evidences Xxxxxx's acceptance "as
is". Landlord makes no representation or warranty as to the condition of said
Demised Premises. Tenant shall maintain (and so deliver at the end of the
Lease) each and every part of the Demised Premises (excluding exterior
drives, walks and parking areas and common areas in the building to be
maintained by Landlord) in good repair and condition, and shall make at
Tenant's sole cost and expense such replacements, restorations, renewals or
repairs, in quality equivalent or better than the original work replaced, as
may be required to so maintain the same ordinary wear and tear only excepted.
Tenant, however, shall make no structural or interior alterations of the
Demised Premises without Landlord's prior written consent, and any work
performed by Tenant shall be done in a good and workmanlike manner, and so as
not to disturb or inconvenience other Tenants in the building. Tenant shall
not at any time permit any work to be performed on the Demised Premises
except by duly licensed contractors or artisans, each of whom must carry
general public liability insurance, certificates of which shall be furnished
by Landlord. At no time may Tenant do any work that results in a claim of
lien against Landlord, and if requested by Landlord on termination of the
lease or vacation of the Premise by Xxxxxx. Tenant shall restore at Xxxxxx's
sole expense the premises to the same condition as existed at the
commencement of the term, ordinary wear and tear only excepted. Landlord,
however, may elect to require Tenant to leave alterations performed by it.
9. DESTRUCTION OF PREMISES. If the Demised Premises are destroyed by fire
or other casualty not resulting from the wrongful or negligent act of Tenant,
either Landlord or Tenant may by written notice given not later than thirty
(30) days after the date of such destruction, terminate this lease, in which
event rent paid for period beyond the date of destruction shall be refunded
to Tenant. If there is not total destruction and Tenant reasonably is
required to close its operations during repairs, rent shall xxxxx while so
closed, but if Tenant is able to continue its operations during repairs, rent
shall be adjusted and prorated in the proportion which the area of unusable
leased space bears to the total Demised Premises, providing that Landlord
shall not in such case have any liability for losses claimed by Tenant.
However, if the damages are such that Xxxxxxxx concludes that restoration
cannot be completed within one hundred fifty (150) days, Landlord may at its
option terminate this lease. If the premises are damaged by cause due to
fault or neglect of Tenant, its agents, employees, invitees, or licensees,
Landlord may repair such damage without prejudice to subrogation rights of
Landlord's insurer, and there shall be no apportionment or abatement of rent.
10. ASSIGNMENT - SUBLEASE. Tenant may not assign or encumber this lease,
and may not sublet any part or all of the Demised Premises without the
written consent of Landlord first had and obtained, which Landlord shall not
unreasonably withhold. Any assignment or sublease to which Landlord may
consent (one consent not being any basis to contend that Landlord should
consent to a further change) shall not relieve Tenant of all of its
obligations hereunder. In no event shall this lease be assignable by
operation of any law, and Xxxxxx's rights hereunder may not become, and shall
not be listed by Xxxxxx, as an asset under any bankruptcy, insolvency or
reorganization proceedings. Tenant is not, may not become, and shall never
represent itself to be an agent of Landlord, and Xxxxxx expressly recognizes
that Landlord's title is paramount, and that it can do nothing to affect or
impair Landlord's title.
11. TENANT'S COMPLIANCE - PROPERTY. Tenant shall comply with all
applicable laws, ordinances and regulations affecting the Demised Premises,
including general rules for Tenants as may be developed from time to time by
Landlord and delivered to Tenant or posted on the premises, and shall hold
Landlord harmless from loss, cost or expense resulting from or occasioned by
Xxxxxx's use of the Demised Premises, whether caused by Tenant or by its
agents, servants, employees, independent contractors or licensees. Tenant
shall maintain and care for its personal property on the premises, insure the
same to such extent as it deems appropriate, and shall neither have nor make
any claim against Landlord for any loss or damage to the same, regardless of
the cause therefor, Tenant shall maintain throughout the term of this lease
general public liability insurance in amounts acceptable to Landlord and naming
Landlord as an insured party, and shall furnish Landlord copies of such
policies and evidence of payment of premiums prior to the date such policies
would be in default of nonpayment.
12. SUBORDINATION - ATTORNMENT. This lease shall be deemed subject and
subordinate to any mortgage which may heretofore or hereafter be executed by
Landlord covering the building and land upon which the building is located,
unless the mortgagee request that this lease be superior to its mortgage. In
the event any proceedings are brought for foreclosure of any mortgage on the
premises, Tenant will attorn to the purchaser at a foreclosure sale and
recognize such purchaser as Landlord, providing purchaser agrees not to
disturb Tenant's possession so long as it is not in default under the terms
of this lease. Tenant shall execute at Landlord's request, and within five
(5) days thereof instruments evidencing the subordinate position of this
Lease, and as often as requested shall sign estoppel certificates setting
forth the date it accepted possession, that it occupies the premises, the
termination date of its lease, and date of which rent has been paid and the
amount of monthly rent in effect as of such certification, whether or not it
has any defense or offset to the enforcement of the lease, any knowledge it
has of any default or breach by Landlord, and that the lease is in full force
and effect except as to modifications, agreements or amendments thereto,
copies of each of which shall be attached to the certificate. If Xxxxxxxx
seeks a loan on the demised premises, and the proposed mortgagee requires as
a condition of making the loan that his lease be modified Tenant agrees to
enter into such modification agreement providing that the same does not
increase the charges to Tenant, does not vary the area demised, and does not
change the term of Tenant's lease.
13. SIGNS. Tenant may not erect, install or display any sign or
advertising material upon the demised premises, the walls thereof, or in any
window therein, without the prior written consent of Landlord.
14. ACCESS TO PREMISES. Landlord shall have the right, either itself or
through its authorized agents, to enter the Demised Premises at all
reasonable times to examine the same, to show them to prospective Tenants for
other spaces in the building, or for the Demised space if within one hundred
eighty (180) days of the termination date hereof (notice to extend not having
been given), to allow inspection by mortgagees, and to make such repairs,
alterations or changes as Landlord deems necessary. Tenant, its agents,
employees, invitees and guests,
2
shall have the right of ingress and egress to common and public areas of the
building, provided Landlord by reasonable regulation may control such access
for the comfort, convenience and protection of all Tenants in the building.
15. DEFAULT. If Tenant fails to pay all Rent as provided in this lease
within ten (10) days of its due date, breaches any other agreement or
obligation herein set forth, files (or has filed against it) any petition or
action for relief under any creditor's law (including bankruptcy,
reorganization, or similar actions), either in state or federal court, then
in addition to any other lawful right or remedy which it may have, Landlord
may do the following: (a) declare the rent for the balance of the term
immediately due and payable, and collect the same by distress or otherwise;
(b) seize and hold any personal property of Tenant located on the Demised
Premises and assert against the same a lien for monies due Landlord; (c)
without obtaining any court authorization, lock up the Demised Premises and
deny Tenant access thereto; (d) terminate this lease, or repossess the
Demised Premises, and with or without terminating, relet the same at such
amount as Landlord deems reasonable, and if the amount is less than Tenant's
rent, Tenant shall immediately pay the difference on demand to Landlord, but
if in excess of Tenant's rent, the entire amount shall belong to Landlord
free of any claim of Tenant thereto. All expenses of Landlord in repairing,
restoring or altering the premises for reletting, together with expenses in
seeking and obtaining a new Tenant, shall be charged to and a liability of
Tenant.
16. QUIET ENJOYMENT. If Tenant promptly and punctually complies with
each of its obligations hereunder, it shall peacefully have and enjoy the
possession of the Demised Premises during the term herein providing that no
action of Landlord in work in other space in the building, or in repairing or
restoring the leased space, shall be deemed a breach of this covenant, or
give Tenant any right to modify this lease either as to term, rent payable,
or other obligations to perform. However, Landlord shall not be responsible
or liable to Tenant for injury or damage resulting from acts or omissions of
persons occupying property adjacent to the demised premises or any part of
the building in which the demised premises are a part, or for injury or
damage resulting to Tenant or its property from bursting, stoppage or leaking
of water, gas, sewer or steam pipes, except where such loss or damage arises
from the wilful or negligent misconduct of Landlord, or from failure of
Landlord to make repairs it is obligated hereunder to make.
17. SECURITY DEPOSIT. Landlord acknowledges receipt from Tenant of the
sum of NONE, which sum Landlord shall retain as security for the performance
by Xxxxxx of each of its obligations hereunder. If Tenant fails at any time
to perform its obligations Landlord may at its option apply said deposit, or
so much thereof as is required, to cure Tenant's default, but if prior to the
termination of this lease Landlord depletes said deposit in whole or in part,
Tenant shall immediately restore the amount so used by Landlord. This deposit
shall not bear interest, and unless the Landlord uses the same to cure a
default of Tenant, or to restore the premises to the condition that Tenant is
required to leave them at the conclusion of the term, Landlord shall within
thirty (30) days of the termination of the lease refund so much of the
deposit as it continues to hold to Tenant.
18. NOTICES. Any notices which Landlord or Tenant is required or desires
to give to other shall be deemed sufficiently given or rendered if, in
writing, is delivered personally, or sent by certified or registered mail,
postage prepaid, to the address listed after the respective signatures on the
last page of this lease. Any notice given herein shall be deemed delivered
when the return receipt therefor is signed, or refusal to accept the mailing
by the addressee is noted thereon by the postal authorities.
19. COMMISSION. The Landlord agrees to pay Xxxxxxxxxx Realty, Inc. a
commission for securing this lease of percent ( %) of the monthly rent as
it is collected. Carolantic Realty, Inc. shall be responsible for collecting
rent and forwarding to Landlord the portion of the rent due him within five
work days after receiving the rent.
21. CONDEMNATION. If the whole or as much as twenty (20%) per cent of
the demised premises is taken by any governmental agency or corporation
vested with the right of exercise of eminent domain, whether such taking be
effected by Court action or by settlement with the agency exercising or
threatening to exercise such power and if the property so taken renders the
remainder of said property unfit for the use thereof by Tenant, then Tenant
shall have the option to terminate this lease, which option must be exercised
within sixty (60) days of such taking. If the Tenant shall not so elect to
terminate, or if the taking does not interfere with Xxxxxx's use of the
premises to the extent Tenant does not have an option to terminate, there
shall be an adjustment of the annual rental reflecting on a pro-rata basis
any reduction in Tenant's leased space. All of the condemnation award except
for damage to or the taking of Tenant's personal property and Xxxxxx's
relocation award, if any, shall be the Landlord's.
22. OTHER CONDITIONS:
1. The tenant shall have fifteen days after receipt of written notice by
Landlord to rent adjacent space in the building at the same terms and
conditions as it is being offered to other parties. This is a right of first
refusal on the adjacent space, which the tenants shall waive on each
occurrence if vacant space if it does not notify the Landlord in writing
within the fifteen day period stipulated above.
2. The Landlord agrees to construct a commercial building at the southwest
corner of Germanntown Road on NC-54 according to the plans called Exhibit A
and to construct interior improvements having 36% office space, 44%
production space, and 20% open office space within the area of the building
shown by Exhibit B and being the same quality and finish as the tenants Pylon
Park facility for each area.
23. MISCELLANEOUS. Headings of paragraphs are for convenience only and shall
not be considered in construing the meaning of the contents of such
paragraph. The invalidity of any portion of this lease shall not have any
effect on the balance hereof. Should Landlord institute any legal proceedings
against Tenant for breach of any provision herein contained, and prevail in
such action, Tenant shall in addition be liable for the costs and expenses of
Landlord, including its reasonable attorney's fees. This agreement shall be
binding upon the respective parties hereto, and upon their heirs, executors,
successors and assigns. This agreement supersedes and cancels all prior
negotiations between the parties, and changes shall be in writing signed by
the party affected by such change. Linings on drapes visible from the
exterior shall be of a color approved by Landlord. Landlord reserves the
right to promulgate (and change from time to time) regulations it deems
appropriate for the common use and benefit of all tenants, with which
regulations Tenant shall comply. Landlord may sell the premises without
affecting the obligations of Tenant hereunder. This lease may not by recorded
without Xxxxxxxx's prior consent, but Xxxxxx agrees on request of Landlord to
execute a memorandum hereof for recording purposes. The singular shall
include the plural, and the masculine or neuter includes the other.
IN WITNESS WHEREOF, Xxxxxxxx and Xxxxxx have executed this Lease in
duplicate originals, all as of the day and year first above written.
TENANT: LANDLORD:
Logical Design Group, Inc. Teal Properties
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by: /s/ Xxxxx Xxxxxxx Xxxxxx By: /s/ Xxxx X. Xxxxxxxxxx
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----------------------------(SEAL) -----------------------------(SEAL)
----------------------------(SEAL) -----------------------------(SEAL)
ADDRESS: ADDRESS:
P O BOX 33812 P.O. Box 1550
RALEIGH, NC Raleigh, NC 27602
27606
ATTEST: ATTEST:
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I, __________________________, a notary public of ______________________ County
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I, __________________________, a notary public of ______________________ County
North Carolina hereby certify that ___________________________________ appeared
personally before me this ______ day of ______________________ and acknowledges
the due execution of the foregoing agreement.
My commission expires _________________________________________________________
Notary
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I, __________________________, a notary public of ______________________ County
North Carolina hereby certify that ___________________________________ appeared
personally before me this ______ day of ______________________ and acknowledges
the due execution of the foregoing agreement.
My commission expires _________________________________________________________
Notary
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