ADDENDUM TO LEASE POWDERHORN PROPERTIES, LLC COMMERCIAL LEASE AGREEMENT
EX-10.1 2 v132211_ex10-1.htm
ADDENDUM TO LEASE
POWDERHORN PROPERTIES, LLC
COMMERCIAL LEASE AGREEMENT
This Commercial Lease Agreement (“Agreement”) is made and effective this 1st day of JUNE 2008, by and between POWDERHORN PROPERTIES, LLC., an Idaho Limited Liability Company, (hereinafter “Owner”) and ENERGENX, INC. (hereinafter “Tenant”), upon the following terms and conditions:
1. LEASED PREMISES. The Owner hereby leases to the Tenant the real property and improvements located at 6200 East Commerce Loop Post Falls, Idaho 83854. The real property and improvements are collectively referred to as the “Premises”.
2. TERM OF LEASE: The term of this Lease shall be for 12 months commencing on JUNE 1, 2008 and ending on MAY 31, 2009.
3. RENT: The monthly rental amount will be $2,900.00 per month and the Tenant shall pay one lump sum of $34,800.00 in advance and OWNER will waive the Security Deposit.
4. All Terms & Conditions of the original Lease dated APRIL 1, 2004, shall be in effect and binding.
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Signature Page
IN WITNESS of our mutual understanding and consent, we have signed this Agreement on the dates indicated below.
OWNER: TENANT:
| /s/ Donald L. Poteet | /s/ Gary Bedini | ||
| Donald L. Poteet, Managing Member POWDERHORN PROPERTIES, LLC EIN 82-0511561 | Gary Bedini, President & CEO ENERGENX, INC. EIN 82-0516297 |
| 6/3/08 | 6/3/08 |
| Date | Date |
