REAL ESTATE LEASE RENEWAL
Exhibit
10.1
This
Lease Addendum is dated 3-17-2008, by and between Xxxxxxx Xxx and Xxxxx X.
Xxxxxx (“Landlord”), and United Check Services, LLC (“Tenant”). The
parties agree as follows:
TERM: The lease
term will begin on May 1, 2008 and will terminate based on the following
selected option:
________ 1.
Five Year Lease Option terminating on April 30, 2013
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a.
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First
year rent of $2200 per month
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b.
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Second
year rent of $2200 per month
|
|
c.
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Third
year rent of $2300 per month
|
|
d.
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Fourth
year rent of $2400 per month
|
|
e.
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Fifth
year rent of $2500 per month
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________ 2.
Three Year Lease Option terminating on April 30, 2011
|
a.
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First
year rent of $2200 per month
|
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b.
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Second
year rent of $2350 per month
|
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c.
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Third
year rent of $2500 per month
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__X_____ 3.
One Year Lease Option terminating on April 30, 2009
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a.
|
Rent
of $2450 per month
|
|
b.
|
Option
to change to 3 or 5 year by October 31,
2008*
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*Notification
of request to change to 3 or 5 year lease must be received in writing, in
advance; reduction of rent applicable on the first of the month following
notification. Exercise of this option does not extend the termination
date of the lease as stated on the above Three or Five year lease
option.
LANDLORD:
Xxxxxxx
Xxx Xxxxxx
Xxxxx
X. Xxxxxx
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/s/ Xxxxxxx Xxx
Xxxxxx
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3/17/08
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|
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Xxxxxxx
Xxx Xxxxxx
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Date
|
|
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/s/ Xxxxx X.
Xxxxxx
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3/19/08
|
|
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Xxxxx
X. Xxxxxx
|
Date
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TENANT:
United
Check Services
|
Xxxxxx Xxxx Green Jr.,
Treasurer
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/s/ Xxxxxx Xxxx Green
Jr.
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3-17-2008
|
|
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Printed
Name and Title
|
Signature
|
Date
|
|
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Xxxx X. Xxxxxxx,
Director of Ops
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/s/ Xxxx X.
Xxxxxxx
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3/17/08
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|
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Printed
Name and Title
|
Signature
|
Date
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