Notice of Termination of Lease Agreement between American Power Group Corporation and Mart Management, Inc. for 138B Sherrel Avenue, Jackson, Georgia

Contract Categories: Business Operations › Termination Agreements
Summary

American Power Group Corporation has formally notified Mart Management, Inc. of the immediate termination of their lease for the property at 138B Sherrel Avenue, Jackson, Georgia. The notice, dated March 22, 2016, confirms that American Power Group will continue to pay rent and fulfill its obligations as outlined in the lease, including helping to find a new tenant. This action is taken in accordance with the terms specified in the lease agreement between the parties.

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EX-10.12 3 exhibit1012georgialease-no.htm EXHIBIT 10.12 NOTICE OF TERMINATION SEC Exhibit

Exhibit 10.12

    




March 22, 2016

Mr. Art McLean
Mart Management, Inc.
P.O. Box 664
Derry, NH 03038

Regarding: Notice of Termination of Lease for 138B Sherrel Avenue, Jackson, Georgia Property

Dear Art,

Per our discussion, pursuant to Section 2 of the lease agreement, as amended, between American Power Group Corporation and Mart Management, Inc., please consider this formal notice of termination of the lease for the above referenced property located in Jackson, Georgia, effective immediately. We understand our obligation to continue to pay rent for the period specified in section 2 of the lease and our responsibilities pursuant to Section 3 of the lease, and will work cooperatively with Mart over the coming months to secure an acceptable new tenant for the property.

Please let me know of any questions.



Sincerely,
/s/ Charles E. Coppa
Chief Financial Officer