Lease Extension Rider between Kenilworth Systems Inc. and Nassau County P.B.A. for 185 Willis Avenue, Mineola, NY
Kenilworth Systems Inc. (Tenant) and Nassau County P.B.A. (Landlord) have agreed to extend and amend their original lease for office space at 185 Willis Avenue, Mineola, NY. The extension covers both the original and annexed spaces, with a consolidated monthly rent of $2,500, subject to a 4% annual increase and proportionate tax adjustments. The security deposit increases to $4,255. The lease term is extended through May 31, 2009, and the tenant must provide an updated certificate of insurance. All other terms of the original lease remain in effect unless amended.
Exhibit 10.3
OWENS BROKERAGE, LTD.
Commercial & Investment Properties
Property Management
LEASE EXTENSION — ANNEX SPACE
This Rider Amends that original Lease dated June 1, 2003 between Kenilworth Systems Inc. [Tenant] and Nassau County P.B.A. [Landlord] for tenancy at 185 Willis Avenue — Mineola, N.Y…[second floor].
This Rider is effective August 1, 2003 until May 31, 2006 and applies directly to the annexed space adjacent to the original Lease premises.
All terms and requirements of the aforementioned Lease prevail throughout this additional period. Consolidated rental for both suites will be $2,500.00 per month. This includes four percent annual rental increase as well as proportionate taxes over the base year.
Security will increase to a total of $4,255.00. Two months for the original space and one month for the additional space.
| ACCEPTED: |
| /s/ Herbert Lindo, President |
| DATED: |
| August 12, 2003 |
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| KENILWORTH SYSTEMS INC {TENANT} |
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| ACCEPTED: |
| /s/ Pete Owens, Agent for Landlord |
| DATED: |
| August 12, 2003 |
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| NASSAU COUNTY P>B>A> {LANDLORD} |
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499 Jericho Tpke. * Mineola, New York 11501
Tel: 516 ###-###-#### * 1 ###-###-#### * Fax: 516 ###-###-####
www.owensbrokerage.com
OWENS BROKERAGE, LTD.
Commercial & Investment Properties
Property Management
LEASE EXTENSION
THIS RIDER AMENDS THAT ORIGINAL LEASE DATED 6/1/03 AND SUBSEQUENT EXTENSIONS/AMENDMENTS [IF ANY] BETWEEN KENILWORTH SYSTEMS INC. — [TENANT] and
THE NASSAU COUNTY P. B.A. — MINEOLA, N.Y. {LANDLORD} AS FOLLOWS;
LEASE TERM EXTENDED FOR THE PRESENT LOCATION OCCUPIED BY TENANT AT — 185 Willis Avenue — Mineola, NY.
| FROM | JUNE 1, 2006 |
| TO: | MAY 31, 2009 — [three year term] |
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TENANT WILL PROVIDE UPDATED CERTIFICATE OF INSURANCE.
ALL OTHER TERMS AND CONDITIONS INCLUDING INCREASES, TAX ADJUSTMENTS AND UTILITY CHARGES PREVAIL AS HERETOFORE OR/UNLESS AMENDED.
| AGREED | Herbert Lindo | CHAIRMAN AND CEO | |||
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| AGREED |
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| Dated. | September 7, 2006 |
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499 Jericho Tpke. * Mineola, New York 11501
Tel: 516 ###-###-#### * 1 ###-###-#### * 516 ###-###-####
www.owensbrokerage.com
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