ex_107824.htm


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

			



 



1




 




 


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

			



 


2