Lease Renewal Notice from TransTech Systems, Inc. to Little Properties, LLC (May 24, 2011)

Contract Categories: Real Estate › Lease Agreements
Summary

TransTech Systems, Inc. notifies Little Properties, LLC of its decision to renew the commercial lease for the property at 12142 Sky Lane N.E., Suite 130, Aurora, Oregon. The renewal is for a five-year term from March 1, 2011, to February 28, 2016, at a monthly rate of $3,951.07, as permitted under the original lease agreement. This letter serves as the formal written notice required to exercise the renewal option.

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EX-10.42 8 exhibit_10-42.htm EXERCISE OF LEASE LETTER DATED MAY 24, 2011 BY TRANSTECH SYSTEMS, INC. TO LITTLE PROPERTIES LLC. exhibit_10-42.htm
EXHIBIT 10.42
 


 
May 24, 2011

 
Little Properties, L.L.C
609 Summerwood Dr.
Medford, OR  97504
 
Sirs:
 
 
Please consider this notification of our intent to exercise the lease renewal option for TransTech Systems, Inc. as described in Section 1.3 in the Commercial Lease previously executed between TransTech Systems, Inc. and G&L Business Group, L.L.C., term commencing Mar. 3, 2006 and continuing through Feb. 28, 2011 for the property at 12142 Sky Lane N.E., Suite 130, Aurora, OR, 97002, and as directed to do so in writing in Section 1.3 (2) of that same lease.
 
The new lease term covers the period of March 1, 2011 through February 28, 2016 at the rate of $3,951.07.
 
 
Sincerely,
 
/s/ Jim Gingo
 
Jim Gingo, President
 

Cc: 
Steve Waddle, Controller, TransTech Systems, Inc.
Ron Erickson, CEO, Visualant, Inc.
Mark Scott, CFO, Visualant, Inc.
Sharon Little, Partner, Little Properties, L.L.C.
Bill Little, Partner, Little Properties, L.L.C.
 









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