Lease Amendment between 354 W. Gardena, LLC and Polar Power, Inc. for 354 W. Gardena Blvd, Carson, CA

Summary

This amendment updates the lease agreement between 354 W. Gardena, LLC (landlord) and Polar Power, Inc. (tenant) for the property at 354 W. Gardena Blvd, Carson, CA. The start date is changed to August 21, 2018, with the lease ending August 31, 2023. The tenant will pay prorated rent for August 21–31, 2018, and will receive rent credits in specified months due to the landlord's delay in making the property available. Both parties have agreed to these changes.

EX-10.2 3 ex10-2.htm

Exhibit 10.2

Exhibit C

Lease Amendment

This is an amendment to the Standard Industrial/Commercial lease agreement for property at 354 W. Gardena Blvd, Carson, CA. 90248 between 354 W. Gardena, LLC, Lessor, and Polar Power, Inc., Lessee.

Delay in possession: Lessor needs more time to make property available for lessee. Delay in possession requires the following amendments:

		a.	Commencement Date: The new commencement date shall be _August 21, 2018_ and the new termination date August 31, 2023.
		b.	The prorated rent from August _21_, 2018 to August 31, 2018 shall be $8,103.95_. Calculated at ($22,838.40/31) x 11__ days.
		c.	Lessor grants lessee a credit of $11,419.20 to be applied as a reduction of rent for each of the following months:

			i.	October 2018.
			ii.	November 2018.

Lessor grants lessee a credit of $11,761.78 to be applied as a reduction of rent for each of the following months:

			i.	September 2019.
			ii.	October 2019.

Read and agreed to by representatives of each party:

/s/ Marlene Alter	8/20/18	/s/ Luis Zavala	8/20/18
Marlene Alter, Lessor	Date	Luis Zavala, Lessee	Date
		End of Exhibit C