Lease Addendum between 1800 Industrial, LLC and Alternative Solutions, LLC (June 13, 2018)
This Lease Addendum is an agreement between 1800 Industrial, LLC (landlord) and Alternative Solutions, LLC (tenant) for the rental of commercial space at 1800 Industrial Road, Las Vegas. The lease term is five years, starting July 1, 2018, and ending June 30, 2023, with specified annual rent increases and an additional monthly charge for common area maintenance. The tenant has the option to renew the lease for another five years at market rates, but not less than the final year's rent. All other original lease terms remain unchanged.
Exhibit 10.31.A
June 13, 2018
From: 1800 Industrial, LLC
1800 Industrial Road, Suite 108G
Las Vegas, NV 89102
To: Alternative Solutions, LLC
1800 Industrial Road, Suites 102, 160, & 180
Las Vegas, NV 89102
RE: Lease Addendum
| Term: | Five (5) Years | |
| Commencement of Rent: | July 1, 2018 ending on June 30, 2023 | |
| Basic Rent: | Months 01 thru 12 at $8,441.30 Months 13 thru 24 at $8,694.54 Months 25 thru 36 at $8,955.38 Months 37 thru 48 at $9,224.04 Months 49 thru 60 at $9,500.76 | |
| CAM Rate: | $0.23 per square foot (total of 6,900 sqft) In addition to the monthly base rent. |
Renewal Option: One (1) option-to-renew for a five (5) year term with rent starting at the then market rate for like spaces, but not less than rent for the fifth year of the original lease term.
All other terms of lease agreement will remain in full force and effect.
| Benjamin Sillitoe LESEE: Print | ||
| /s/ Benjamin Sillitoe LESEE: Alternative Solutions, LLC | 6/13/2018 Date: | |
| Blanca Fox LESSOR: Print | ||
| /s/ Blanca Fox LESSOR: 1800 Industrial, LLC | 6/13/2018 Date: |
