Addendum to Lease #2 between Carr-Rubin Associates, LLP and Procyon Corporation dated December 21, 2017
Exhibit 10.1
ADDENDUM TO LEASE
#2
Attached to and forming a part of the Lease Agreement between CARR-RUBIN ASSOCIATES, LLP Landlord, and PROCYON CORPORATION Tenant, dated the 29th day of May, 2015 and Addendum to Lease #1 dated May 29, 2015 hereinafter referred to as (the "Lease").
The Lease relates to the following leasehold premises:
| 1. | The Lease relates to the following leasehold premises: Approximately 3,220 square feet consisting of 2,380 square feet of air conditioned office space and 840 square feet of non-air conditioned warehouse space located at 13100 56th Court, Suite 702, Clearwater, FL 33760. |
| 2. | Tenant shall be relocating to approximately 4,892 square feet consisting of 800 square feet of air conditioned office space, 2,446 square feet of non air conditioned warehouse space, and 1,646 square feet of air conditioned warehouse space located at 13101 56th Court, Suites 805-806, Clearwater, FL 33760. |
| 3. | Landlord and Tenant hereby agree that the following amendment will be made to said Lease, namely: |
| A. | Effective February 1st the lease shall be extended to include Suites 805-806 at the terms noted below. |
| B. | The Term of the Lease shall be for a period of Three (3) years and Three (3) months beginning February 1, 2018 (the "Renewal Commencement Date") and ending on April 30, 2021 (the "Expiration Date"). |
| C. | The monthly rent shall be according to the following schedule (the "Monthly Rent Schedule"): |
| February 1, 2018- April 30, 2018 | $0.00 per month. |
| May 1, 2018-April 30, 2019 | $2,751.75 per month or $6.75 per SF |
| May 1, 2019-April 30, 2020 | $2,834.30 per month or $6.95 per SF |
| May 1, 2020-April 30, 2021 | $2,919.33 per month or $7.16 per SF |
Plus all applicable sales and use taxes.
| D. | i) Tenant shall have the three (3) months free rent to prepare Suites 805-806 for occupancy and relocate into the premises from Suite 702. | |
| ii) Tenant shall continue to pay rent on Suite 702 until rent commences on Suites 805-806 per the above schedule.. | ||
| iii) Once rent has commenced on Suites 805-806 and tenant has vacated Suite 702, the lease on Suite 702 is terminated. | ||
| iv) The security deposit shall be transferred to Suites 805-806.. |
| 4. | The effective date of this Addendum is the 1st day of February, 2018. |
| 5. | Landlord and Tenant ratify and affirm all other provisions of the Lease dated the 29th day of May, 2015 and all subsequent Addenda to Lease. |
IN WITNESS WHEREOF, the Landlord and Tenant executed the foregoing Addendum to Lease #2 on the 21st day of December, 2017.
| Tenant | Landlord |
| /s/ JBA | /s/ LR |
In the presence of:
| /s/ Annette Jacoby | LANDLORD: CARR-RUBIN ASSOCIATES, LLP | |||
| As to Landlord | ||||
| Annette Jacoby | BY: | /s/ Leslie A. Rubin | ||
| Print Name | Leslie A. Rubin, LLC, General Partner by | |||
| Leslie A. Rubin, Manager of Leslie A. Rubin LLC | ||||
| /s/ Rebecca Bailey | ||||
| As to Landlord | ||||
| Rebecca Bailey | ||||
| Print Name | ||||
| /s/ Regina Anderson | TENANT: PROCYON CORPORATION | |||
| As to Tenant | ||||
| Regina Anderson | BY: | /s/ James B. Anderson | ||
| Print Name | ||||
| /s/ Justice W. Anderson | Print Name: | James B. Anderson | ||
| As to Tenant |
| Justice W. Anderson | ITS: | VP of Operations | ||
| Print Name |
| Tenant | Landlord |
| /s/ JBA | /s/ LR |
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