Notice of Exercise of Lease Renewal Option between CDM Development LLC and Tiger Financial Management LLC
This letter serves as formal notice from Tiger Financial Management, LLC to CDM Development, LLC to exercise the option to renew the lease for the property at 3527 N Ridge Rd, Wichita, KS, for an additional five years starting January 1, 2013. The letter also amends the lease to confirm that two further renewal options remain available after this extension. Both parties are required to acknowledge and agree to these terms for the renewal to take effect.
Exhibit 10.18
6/7/12
CDM Development LLC
3527 N Ridge Rd
Wichita, KS 67205
| Re: | Lease: 3527 N Ridge Rd- Lease Exercise of Option to Renew |
Dear Sirs:
Pursuant to Section 3 of the Lease effective December 22, 2007 please accept this letter as our Notice of Exercise of the Option to extend the term of the Lease, by and between CDM Development, LLC and assigned to Tiger Financial Management, LLC. This option is for an additional five years beginning on January 1 2013.
In addition, this letter serves to amend Section 3 to maintain 2 (two) additional lease options notwithstanding the exercise of this option
Please indicate your agreement and return one copy of this letter to my attention. Kindly call me with questions. My mobile is ###-###-#### and my office is ###-###-####. Thank you.
| Very truly yours,
| Agreed this June 8 2012
| |||||
| /s/ Chris Darnell | ||||||
| Chris Darnell VP of Real Estate | ||||||
