First Amendment to Lease Agreement between Desta Two Partnership, Ltd. and Newgistics, Inc.

Summary

This amendment extends the office lease between Desta Two Partnership, Ltd. (landlord) and Newgistics, Inc. (tenant) for one additional year, from May 1, 2006, to April 30, 2007. The base rent for this period is set at an annual rate of $9.90 per square foot, with monthly payments of $15,644.48. Both parties confirm and ratify the original lease as amended by this document.

EX-10.6.1 33 dex1061.htm FIRST AMENDMENT TO OFFICE LEASE First Amendment to Office Lease

Exhibit 10.6.1

FIRST AMENDMENT TO

LEASE AGREEMENT

BY AND BETWEEN

DESTA TWO PARTNERSHIP, LTD.

AS LANDLORD,

AND

NEWGISTICS, INC.

AS TENANT

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.

Executed and effective this 7^th day of November, 2005.


LANDLORD:

DESTA TWO PARTNERSHIP, LTD.

By: Desta Two Management Corp., it’s 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