Lease Renewal Agreement between 35 Wilbur Street Associates, LLC and Advance Biofactures Corp. (2017)
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Summary
This agreement renews the lease between 35 Wilbur Street Associates, LLC and Advance Biofactures Corp. for the premises at 35 Wilbur Street, Lynbrook, NY. The renewal is for one year starting December 1, 2017, at an annual rent of $133,975 ($11,164.58 per month), with a deduction of 14.89% of the utilities. Advance Biofactures Corp. must provide a current certificate of liability insurance. All other terms of the original lease remain unchanged.
EX-10.1 2 ex10_1.htm EXHIBIT 10.1
Exhibit 10.1
35 Wilbur Street Associates, LLC
19 Wilbur Street
Lynbrook, NY 11563
November 6, 2017
Mr. Thomas Wegman
Advance Biofactures Corp.
35 Wilbur Street
Lynbrook, NY 11563
| Re: | Lease dated November 21, 2013 between 35 Wilbur Street Assoc., LLC and Advance Biofactures Corp., premises; 35 Wilbur Street, Lynbrook, NY 11563. |
Dear Mr. Wegman:
It is our understanding that you would like to renew the lease. The current lease expires on November 30, 2017. We propose that the current terms of the lease remain in effect except where the following is concerned:
| 1) | The lease will be renewed for 1 (one) year at the rate of $133,975 annually. $11,164.58/month. |
| — | This will be less 14.89% of the utilities. |
A current copy of the certificate of liability insurance is required.
Sincerely yours,
/s/ Valorie Mancuso
Valorie Mancuso
Controller
| /s/ Valorie Mancuso | ||
| Valorie Mancuso/Controller | ||
| Thomas Wegman, President | Richard Arote Jr. | |
| Advance Biofactures Corp. | 35 Wilbur Street Assoc., LLC | |
| /s/ Thomas Wegman | not present 11/06/2017. |
| State of New York | ss: |
| County of Nassau |
On this 06th day of November, 20l7, before me personally came, Thomas Wegman to me known, who, being by me duly sworn, did say that he is the President of Advance Biofactures Corp. and that he signed his name thereto by authority of the board of directors.
