Addendum to Lease Agreements Between 1800 Industrial, LLC and CLS Holdings NV, Inc. (Oasis Cannabis)
This addendum, dated February 25, 2020, updates the lease agreements between 1800 Industrial, LLC (Downtown Spaces) as landlord and CLS Holdings NV, Inc. (Oasis Cannabis) as tenant for suites 100, 102, 160, and 180 at 1800 Industrial Road, Las Vegas. The lease term is set for 10 years starting March 1, 2020, with two 5-year renewal options. The base rent will increase by 3% annually, the CAM rate is set at $0.26 per square foot, and rent will increase by $600 per month for a driveway fee. All other terms remain unchanged.
Exhibit 10.35
February 25, 2020
From: 1800 Industrial, LLC
DBA Downtown Spaces
1800 Industrial Road, Suite 108G
Las Vegas, NV 89102
To: CLS Holdings NV, Inc.
Oasis Cannabis
1800 Industrial Road, Suite 180
Las Vegas, NV 89102
RE: Addendum to leases dated 7/1/2014 and 2/1/2019 for suite numbers 100, 102,160, and 180
It is hereby understood that TENANT CLS Holdings NV, Inc. (Oasis Cannabis) and LANDLORD 1800 Industrial, LLC (Downtown Spaces) have entered into this agreement dated on February 25, 2020.
Lease Term: 10 Years
Commencement: March 1, 2020
Lease Ending: February 28, 2030 with two 5-year renewal options
Basic Rent:
| ● | Commencing every annual anniversary, there will be a 3% increase of the base rent. |
| ● | CAM Rate increase to $0.26 per square foot |
| ● | There will be a Six hundred 00/100 ($600.00) Dollars increase in rent per month due to the driveway fee agreement. |
All other terms and agreements of prior agreements will remain in full force and effect.
*Signature page to follow*
| /s/ Blanca Fox | Manager | |
| Print Name: LANDLORD REPRESENTATIVE | Its: | |
| Blanca Fox | 3/12/20 | |
| 1800 INDUSTRIAL, LLC LANDLORD Signature: | Date: | |
| Andrew J. Glashow | President/COO | |
| Print Name: TENANT REPRESENTATIVE | Its: | |
| /s/ Andrew J. Glashow | 3/12/20 | |
| CLS HOLDINGS NV, INC. TENANT Signature: | Date: |
