Overhill Farms, Inc. Notice of Lease Renewal Option Exercise with Vernon Associates, LLC

Contract Categories: Real Estate › Lease Agreements
Summary

Overhill Farms, Inc. has notified Vernon Associates, LLC that it is exercising its option to renew the lease for the premises at 2727 and 1657 E. Vernon Avenue, Vernon, California, for an additional five years. This renewal is made under the terms of the original lease agreement and its addendum. The parties will meet to discuss and agree on a fair market rental rate for the extended term.

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EX-10.1 2 ex10_1.htm OVERHILL FARMS, INC. EXHIBIT 10.1 ex10_1.htm
 
    Exhibit 10.1
 
January 13, 2011
  



VIA FEDERAL EXPRESS
Vernon Associates, LLC
12540 Beatrice Street, Suite #203
Los Angeles, California 90066
Attn: Mr. Ed Elsner and Mr. William D. Feldman
  

           Re:
Notice of Exercising Option to Renew Lease – Standard Industrial/Commercial Single-Tenant Lease —Net dated January 1, 2002 (as amended, the “Lease”) by and between Vernon Associates, LLC ("Lessor") and Overhill Farms, Inc. ("Lessee") covering premises located at 2727 and 1657 E. Vernon Avenue, Vernon, California (the “Premises”)
 
Dear Messrs. Elsner and Feldman:
 
Lessee is pleased to inform you that it is exercising its option to renew the Lease for an additional five (5) year period pursuant to the terms of Section 3.1 of the Addendum to the Lease.  We look forward to meeting with you in the near future to discuss a fair market value rental rate for the Premises during such extension term.  Please contact us to set a time to meet as soon as possible.
 
                                                                                                                                                                                           

 
Sincerely,
 
 
  
  OVERHILL FARMS, INC.  
       
 
By:
/s/ Tracy Quinn  
    Tracy Quinn  
    Chief Financial Officer