February 14, 2006 REB Ltd. 12th Place, LLC 123 N, Centennial Way Suite 112 Mesa, AZ 85201 Attention: Carolyn Weber. Real Estate Portfolio Manager Ladies and Gentlemen:
82
Exhibit 10.7 (c)
February 14,
2006
REB Ltd.
12th Place, LLC
000 X, Xxxxxxxxxx Xxx
Xxxxx 000
Xxxx, XX 00000
12th Place, LLC
000 X, Xxxxxxxxxx Xxx
Xxxxx 000
Xxxx, XX 00000
Attention:
Xxxxxxx
Xxxxx. Real Estate Portfolio Manager
Ladies and
Gentlemen:
Pursuant to Paragraph 55 of the Lease dated December 12, 1990 between NZ Properties, Inc. (as
Lessor) and Neltec, Inc. (as Lessee) for the premises commonly known as 0000 Xxxx 00xx
Xxxxx, Xxxxx, Xxxxxxx 00000, Neltec, Inc. hereby notifies REB Ltd. and 12th Place, LLC
that it is exercising its option to renew the Lease for a period of five (5) years commencing on
June 1, 2006 and ending on May 31, 2011.
Please advise us as to the amount of the rental adjustment applicable to the renewal period once
you are able to make that determination following the availability of the appropriate information.
Until such time as we receive such notification, we will continue to pay monthly rental in the same
amount presently in effect.
Please
call the undersigned to discuss any questions pertaining to this renewal.
Sincerely,
NELTEC, INC.
Xxxxxxx X.
Xxxxxxx
President
President
PTC/seg/el
cc/Xxxxx Xxxxxxxx, Park Electrochemical Corp.
cc/Xxxxx Xxxxxxxx, Park Electrochemical Corp.