10.6.1
ADDENDUM TO LEASE
THIS LEASE ADDENDUM, made this 11th day of March, 1997, by and between
ASPEN REALTY & MANAGEMENT CO., with offices located at 0000 Xxxxxxxxx Xxxx.,
Xxxxx 000, Xxxx Xxxxx, XX 00000, a Florida corporation, as Landlord, [successor
in interest to XXX XXX XXXXXXX], and IMX CORPORATION, a Utah Corporation,
located at 0000 Xxxxxxxxx Xxxx., #000, Xxxx Xxxxx, XX 00000, as Tenant
[successor in interest to the XXXXXXX COMPANY and SHALOM Y'ALL, INC.]
WITNESSETH:
WHEREAS, by Lease bearing the date of March 29, 1996, as modified by
Addendum dated June 29, 1996, Landlord let to Tenant the premises and
appurtenances known as Suite 131-133; of the office building known as Executive
Court I located at 0000 Xxxxxxxxx Xxxx., Xxxx Xxxxx, Xxxx Xxxxx Xxxxxx, Xxxxxxx.
Subsequently, by Addendum dated June 29, 1996 Landlord let to Tenant additional
office space to be known as Suite 138, in the same office building for a term
beginning on April 1, 1996 and ending March 31, 2001.
WHEREAS, in consideration of the mutual benefits to be derived, the
parties hereto again desire to modify said Lease as hereinafter set forth:
NOW, THEREFORE, it is mutually understood and agree as follows:
1. Tenant shall lease the additional premises known as Suite 130 for the term
beginning March 12, 1997 and ending on March 31, 2001.
2. Tenant shall not be entitled to make any alterations or additions to the
Demised Premises without the prior written consent of Landlord and approval of
the City of Boca Raton and County of Palm Beach. Florida. All work or
renovations shall meet the present standards of the Building, including
decorative and cosmetic standards, and Building Codes of the City of Boca Raton
and County of Palm Beach, Florida.
3. In addition to all other rental and monetary obligations contained in Article
4 of the Lease dated March 29, 1996, or the addenda thereto, Tenant shall be
responsible for additional rent as follows:
"4. RENT. Tenant shall pay to Landlord, at the address noted above or at such
place as Landlord shall designate in writing from time to time, a gross rental
plus applicable Florida Sales
tax payable in monthly installments due on the first (1st) day of each month
during the term as follows:
A. March 12, 1997 - March 31, 1998: $890.00 per month plus Florida sales tax for
an annual rental rate of $10,680.00 plus Florida sales tax. The gross rental for
any fractional month shall be apportioned.
B. April 1, 1998 - March 31, 1999: $950.00 per month plus Florida sales tax for
an annual rental rate of $11,400.00 plus Florida sales tax. The gross rental for
any fractional month shall be apportioned.
C. April 1, 1999 - March 31, 2000: $1,015.00 per month plus Florida sales tax
for an annual rental rate of $12,180.00 plus Florida sales tax. The gross rental
for any fractional month shall be apportioned.
D. April 1, 2000- March 31, 2001: $1,100.00 per month plus Florida sales tax for
an annual rental rate of $13,200.00 plus Florida sales tax. The gross rental for
any fractional month shall be apportioned.
It is the purpose and intent of the parties hereto that the rent herein provided
shall, except as expressly provided to the contrary herein, be gross to
Landlord. Tenant shall not be responsible for such charges as common area
maintenance, Landlord's insurance or taxes; yet Tenant shall be responsible for
its own operating costs such as electricity, light bulbs, telephones,
janitorial, licenses of every type, personal property taxes, alarm monitoring,
signage in accordance with the condominium standards (and removed at lease
termination), the expenses associated with the removal of trash and garbage, and
its own costs associated with maintenance, cleaning and operations including
costs listed in the original Lease.
If Tenant shall fail to pay when due any installment of Rent, Tenant shall pay
Landlord, on demand, an additional sum of ten percent (10%) thereafter
representing late charges (or, if such rate be illegal, at the maximum rate then
permitted by law) of the amount of such delinquent payment that such payment is
overdue.
All Rent shall be paid to Landlord without notice, demand, counterclaim, set
off, deduction or defense, and nothing shall
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suspend, defer, diminish, xxxxx or reduce any Rent, except as otherwise
specifically provided in this Lease."
4. Landlord and Tenant each represent and warrant that there was no broker
and/or real estate agent instrumental in consummating this lease. Tenant agrees
to hold Landlord harmless against any claims arising out of any conversations
Tenant had with any broker concerning the Demised Premises.
5. All other Terms and Conditions of the above referenced Lease shall remain in
full force and effect.
IN WITNESS WHEREOF. the parties hereto have executed this ADDENDUM TO
LEASE the day and year first above written.
Signed, sealed in the LANDLORD:
presence of: ASPEN REALTY & MANAGEMENT CO.
a Florida corporation
/s/ Xxxxxx Xxxxxx
------------------------------
Name Xxxxxx Xxxxxx By: /s/ Xxx Xxx Xxxxxxx
------------------------- ------------------------------------
Xxx Xxx Xxxxxxx, Pres.
/s/ Xxxxxxxxx X. Xxxxxx
------------------------------
Name Xxxxxxxxx X. Xxxxxx (CORPORATE SEAL)
-------------------------
TENANT:
IMX CORPORATION., a Utah corporation
/s/ Xxxxxx Xxxxxx
------------------------------
Name Xxxxxx Xxxxxx By: /s/ Xxxx Xxxxxxx
------------------------- ------------------------------------
Xxxx Xxxxxxx
C.E.O.
/s/ Xxxxxxxxx X. Xxxxxx
------------------------------
Name Xxxxxxxxx X. Xxxxxx
------------------------- (CORPORATE SEAL)
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