Blue Water - Dupont, LLC
Exhibit 4.1
Blue Water - Dupont, LLC
February 13, 2019
Mr. Xxxx Xxxxx
Xxxxxxxx -Xxxx, Inc.
00000 Xxxxx Xxxxxx Xxxxx Xxxxx 000
Fremont, CA 94538
Re: | 0000 Xxxxx Xxxxxx Xxxxx |
Anaheim, CA 92806 | |
Subj: | Property Lease Extension until April 30, 2022 |
Dear Xx. Xxxxx,
Blue-Water Dupont, LLC is pleased to offer Xxxxxxxx-Xxxx, Inc. a 36 month lease extension that will expire on April 30, 2022.
The lease being extended is the AIR Commercial Real Estate Association Standard Industrial/Commercial Single Tenant Lease-Gross that was dated February 28, 2013 and executed by your firm on March 7, 2013 between Blue Water- Dupont, LLC and Xxxxxxxx-Xxxx Roofing. All terms of the original lease will remain in full force during the extension period with the exception of the items outlined in this document.
Rent is to be wired to our account on a monthly basis. Account information will be provided.
✔ | Xxxxxxxx-Xxxx, Inc. will make the property tax payments 2x per year. The taxes to Xxxxxxxx Xxxx, Inc. will not increase more than 2% per year and the current annual figure is $28,104.00. |
✔ | The new rent figures were only raised 3% per year from the previous year to offset the property tax payment. |
The terms of the extensions we are offering are as follows:
1. | Extension Year #4- May 1, 2019 until April 30, 2020 the monthly rent will be $13,116.00 |
2. | Extension Year #5- May 1, 2020 until April 30, 2021 the monthly rent will be $13,509.00 |
3. | Extension Year #6- May 1, 2021 until April 30, 2022 the monthly rent will be $13,914.00 |
0000 X. Xxxxxxx Xxx ♦ Orange, CA 92867 ♦ (000) 000-0000 ♦ (000) 000-0000 Fax
Blue Water - Dupont, LLC
If you would like to discuss staying for another term we can do so in September of 2021.
By you, as an acting agent of Xxxxxxxx-Xxxx, Inc. and executing this document in duplicate and returning two (2) copies for countersignature the lease extension will become valid and we look forward to you enjoying the space through April 30, 2022.
Xxxxx Xxxxxx-President | Xxxxxx Xxxxxxxx | |
/s/ Xxxxx Xxxxxx | /s/ Xxxxxx Xxxxxxxx | |
Xxxxx Xxxxxx for Blue Water-Dupont, LLC | Xxxxxx Xxxxxx Xxxxxxxx | |
for Xxxxxxxx-Xxxx, Inc. And Solar Systems | ||
Signature and Date | Signature and Date 2/14/19 |
2 |