Exhibit 10.6

 

AGREEMENT

 

AGREEMENT made and entered into this 31st day of October, 2002, by and among
Thomas L. Fena, Bonitta J. Fena, and Nor-Tech Properties, a Minnesota
partnership, herein collectively referred to as “Landlord” and Hibbing
Electronics Corporation, a Minnesota corporation d/b/a Reptron Manufacturing
Services, herein referred to as “Tenant.”

 

W I T N E S S E T H:

 

WHEREAS, on January 29, 1980, Landlord and Tenant entered into a Lease for part
of Lot 5, Block 2, Hibbing Industrial Park for a term of ten (10) years from
March 31, 1980, to and including March 31, 1990, and that Article 26 of said
Lease grants to Tenant an option to renew said Lease for one additional Term of
five (5) years; and

 

WHEREAS, on June 15, 1982, Landlord and Tenant entered into a Lease for part of
Lot 4, Block 2, Hibbing Industrial Park for a term of ten (10) years from
October 15, 1982, to and including October 15, 1992, and that Article 26 of said
Lease grants to Tenant an option to renew said Lease for one additional Term of
five (5) years; and

 

WHEREAS, on July 26, 1983, Landlord and Tenant entered into a Lease for part of
Lot 4, Block 2, Hibbing Industrial Park for a term of ten (10) years from
December 1, 1983, to and including December 1, 1993, and that Article 26 of said
Lease grants to Tenant an option to renew said Lease for one additional Term of
five (5) years; and

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WHEREAS, on May 18, 1984, Landlord and Tenant entered into a Lease for Lots 6
and 7, Block 2, Hibbing Industrial Park for a term of ten (10) years from June
1, 1984, to and including June 1, 1994, and that Article 26 of said Lease grants
to Tenant an option to renew said Lease for one additional Term of five (5)
years; and

 

WHEREAS, the building on property covered by the July 26, 1983, Lease is also
upon a part of the adjacent Lot 3, Block 2, Hibbing Industrial Park; and

 

WHEREAS, parking facilities for the buildings on the above leased premises are
located on Part of Lots 1 and 3 and all of Lot 2, Block 2, Hibbing Industrial
Park and that Landlord is the owner of all of said Lots; and

 

WHEREAS, by Agreement dated the 23rd day of January, 1992, Lots 2 and 3 and the
Westerly 50 feet of Lot 1 were added to the existing lease dated July 26, 1983,
and the terms of all of the above leases were extended to December 31, 1995; and

 

WHEREAS, by Agreement dated the 21st day of April, 1995, the Tenant exercised
its option as provide in the January 23, 1992, Agreement, to renew the above
Leases so that terms of all of said Leases will expire on the same date being
December 31, 2000, and by said Agreement the Landlord granted to Tenant an
additional option to renew all of said Leases for one additional term of five
(5) years form and after December 31, 2000; and

 

WHEREAS, Tenant, on December 18, 1997, exercised its option to renew the above
Leases to extend the term to December 31, 2002; and

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WHEREAS, it is the desire of the Tenant to exercise its option as provided in
the December 18, 1997, Agreement, to renew the above Leases to that terms of all
of said Leases will expire on December 31, 2007, which extension is agreeable to
Landlord, and its is the desire of the Landlord to grant Tenant an additional
option to renew all of said Leases for one additional term of five (5) years
from and after December 31, 2007.

 

NOW, THEREFORE, in consideration of the mutual covenants contained herein it is
mutually understood and greed by and among the parties hereto as follows:

 

1. That the leases dated January 29, 1980; June 15, 1982; July 26, 1983; and May
15, 1984; as modified by Agreements dated January 23, 1992; April 21, 1995; and
December 18, 1997; shall all be extended so that the term of said Leases shall
expire on December 31, 2007.

 

2. That the Rent as provided in Article 2 of all of said Leases shall be amended
so that the collective rent of all four (4) prior Leases shall be the sum of
$35,340 per month for the term January 1, 2000 to December 31, 2002, and that
for the term commencing January 1, 2003 and expiring December 31, 2007, the Rent
shall be $37,000 per month, first payable on January 1, 2003.

 

3. Landlord grants to Tenant an option to renew all four (4) of said Leases for
one additional Term of five (5) years, said Term to expire on December 31, 2012,
on the same terms and conditions as the initial Leases except for the option
provisions and except that the collective Rent under said four (4) Leases shall
be $38,750 per month, commencing January 1, 2008.

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4. Except as modified herein, the basic Leases shall remain in full force and
effect and the parties shall be bound by all terms and conditions thereof.

 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and
year first above written.

 

TENANT:

 

REPTRON ELECTRONICS, INC.

  LANDLORD:     By  

/s/ Paul J. Plante

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/s/ Thomas L. Fena

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Its President   Thomas L. Fena                      

/s/ Bonitta J. Fena

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        Bonitta J. Fena         NOR-TECH PROPERTIES         By  

/s/ Bonitta J. Fena

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            Bonitta J. Fena,             General Partner

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ACKNOWLEDGEMENTS

 

STATE OF MINNESOTA                   )                                        
                       ) SS COUNTY OF ST LOUIS                     )

 

On this 29th day of October, 2002, before me, a Notary Public within and for
said County, personally appeared Thomas L. Fena, single, to me known to be the
person described in and who executed the foregoing instrument, and acknowledged
that he executed the same as his free act and deed.

 

/s/ Richard K. Sellman

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Notary Public - Minnesota My commission expires: 01-31-2005

 

STATE OF FLORIDA                      )                                        
                    ) SS COUNTY OF HILLSBOROUGH    )

 

The foregoing instrument was acknowledged before me this 7th day of November,
2002, by Paul J. Plante, the President of REPTRON ELECTRONICS, INC., a Florida
corporation, d/b/a Hibbing Electronics Corporation, on behalf of the
corporation.

 

/s/ Sandra A. Logan

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Notary Public – Florida My commission expires: 11-09-2004

 

STATE OF MINNESOTA                   )                                        
                       ) SS COUNTY OF ST. LOUIS                    )

 

On this 31st day of October, 2002, before me, a Notary Public within and for
said County, personally appeared Bonitta J. Fena, single, to me known to be the
person described in and who executed the foregoing instrument, and acknowledged
that she executed the same as her free act and deed.

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STATE OF MINNESOTA   )     ) SS COUNTY OF ST. LOUIS           )

 

The foregoing instrument was acknowledged before me this 31st day of October,
2002, by Bonitta J. Fena, General Partner of NOR-TECH PROPERTIES, a Minnesota
partnership, on behalf of the partnership.

 

/s/ Richard K. Sellman

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Notary Public - Minnesota My commission expires: 01-31-2005