FIRST AMENDMENT TO LEASE AGREEMENT BY AND BETWEEN DESTA TWO PARTNERSHIP, LTD. AS LANDLORD, AND NEWGISTICS, INC. AS TENANT 1 FIRST AMENDMENT TO LEASE AGREEMENT
Exhibit 10.6.1
FIRST AMENDMENT TO
LEASE AGREEMENT
BY AND BETWEEN
DESTA TWO PARTNERSHIP, LTD.
AS LANDLORD,
AND
NEWGISTICS, INC.
AS TENANT
1
FIRST AMENDMENT TO LEASE AGREEMENT
This is the First Amendment to the Lease Agreement by and between Desta Two Partnership, Ltd., as Landlord, and Newgistics, Inc., as Tenant, effective April 1, 2003 covering approximately 18,963 rentable square feet in the Terrace n Building (the Lease).
Tenant has exercised its first option to extend the term of the lease for a one (1) year period. Landlord and Tenant have agreed to amend the Lease to extend the Lease Term and make other revisions as follows:
1. Lease Term. The term of the Lease is hereby extended for a period of one (1) year commencing on May 1, 2006 and ending on April 30,2007 (the First Extended Term).
2. Base Rent. The Base Rent for the First Extended Term is as follows:
Lease Months | Annual Rate | Monthly Installments | ||||||
May 1, 2006 - April 30, 2007 | $ | 9.90 | $ | 15,644.48 |
3. Ratification. Landlord and Tenant ratify and confirm the Lease, as amended herein.
2
Executed and effective this 7th day of November, 2005.
LANDLORD: | ||
DESTA TWO PARTNERSHIP, LTD. | ||
By: Desta Two Management Corp., its general partner | ||
By: | /s/ Paul Latham | |
L. Paul Latham | ||
President | ||
TENANT: | ||
NEWGISTICS, INC. | ||
By: | /s/ Jay Shreiner | |
Name: Jay W. Shreiner | ||
Title: Chief Financial Officer |
3