EXHIBIT 10.7
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AMENDMENT NO. 2 TO LEASE
This Second Amendment is attached to and incorporated into the "Lease
Agreement" entered into the 31st day of May 2000 by and between WASHINGTON
SQUARE GREEN BAY LLC - C/O MANAGEMENT AGENT OAKBROOK CORPORATION, 0 XXXXXXX
XXXXX, XXXXXXX, XX 00000 (hereinafter referred to as "Lessor") as Landlord and
GREEN BAY FINANCIAL CORPORATION D\B\A NICOLET NATIONAL BANK (hereinafter
referred to as "Lessee"), as Tenant. To the extent that the terms of this
Second Amendment conflict with or contradict the terms and conditions of the
Lease Agreement to which it is attached, the terms of this Second Amendment
shall supersede and control. All other provisions of said Lease shall remain
the same and shall continue in full force and effect.
This Addendum hereby adds 1,137 square feet to Lessee's existing 7,574 square
feet, for a total leased square footage of 8,711 square feet. Lessee agrees to
accept the 1,137 square feet in "AS IS" condition. Lessee will be responsible
for all tenant improvement costs and related expenses associated with the added
space. All improvements completed shall be done in a workmanlike manner, and
meet all state, city and local codes. Lessor shall have the right to approve or
deny all improvement plans and approval shall not be unreasonably withheld.
This agreement is contingent upon the subject space's existing occupant agreeing
to terminate and vacate the subject space on or before April 30th, 2002. Lessor
and Lessee agree that the leased premise is 8,711 sq. ft, for the purposes of
this agreement.
1. Term. This lease shall begin the 1st day May 2002 and end on the 31st
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day of August 2005.
2. Rent - Figures Are Stated In Monthly Rates
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BASE RENT FROM 8,711 SQ. FT. (11) STALLS (1) STORAGE
05/01/2002 to 08/31/2002 $ 7,361 $ 220 $ 20
09/01/2002 to 08/31/2003 $ 7,655 $ 352 $ 20
09/01/2003 to 08/31/2004 $ 7,961 $ 484 $ 20
09/01/2004 to 08/31/2005 $ 8,280 $ 616 $ 20
Lessee shall have two (2) consecutive options to renew said lease for three (3)
years each. Each year a 4% annual escalator will be applied to the prior years
rental rates. Lessee must provide a written notice of its election to renew or
vacate a minimum of 180 days prior to any lease expiration of the original or
renewal periods.
3. No Other Change All other provisions of said Lease shall remain the same
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and shall continue in full force and effect.
4. Incorporation Into Lease Landlord and Tenant agree that executed
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counterparts of this Second Amendment shall be attached to, and become a
part of, the respective copies of said Lease now in the possession of each
party hereto.
IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Second
Amendment.
LESSEE: LESSOR:
Green Bay Financial Corporation Washington Square Green Bay LLC
d\b\a Nicolet National Bank
By: /s/ Xxx Xxxxxx By: /s/ Xxxxxxx X. Xxxxxxxxx
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Xxx Xxxxxx, President Xxxxxxx X. Xxxxxxxxx, Managing Member
Date: 4/5/02
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