Exhibit 10.1


 


ADDENDUM NUMBER 2 TO LEASE AGREEMENT


 


This
is an ADDENDUM NUMBER 2 TO LEASE AGREEMENT (“Addendum”) dated June 23, 2008
(“Lease”) by and between WINDMILL DURANGO OFFICE II, LLC (hereinafter known as “Landlord”)
and ALLEGIANT AIR, LLC (hereinafter known as “Tenant”). If any provision(s) contained
herein is (are) inconsistent with provision(s) contained in the main body
or any other Exhibits of said Lease, then the provision(s) of this
Addendum shall control.


 


SECTION 1.5 of the Lease is amended in its entirety to
now read as follows:


 


The
building of which the Premises are a part (the “Building”) and any other
buildings or improvements on the real property (the “Property”) located at 8350 South Durango, Las Vegas, Nevada and further described at Exhibit “B”
as “Two Story Office 2”. The Project is known as Durango Commons. (See
Section 2.1)


 


SECTION 1.6 of the Lease is amended in its entirety to
now read as follows:


 


Suite/Space
No. 100 and 110 containing
approximately 11,686 Rentable square
feet of floor area (10,003 Useable square feet). (See Exhibit A-1
and Section 2.2)


 


SECTION 1.9 of the Lease is amended in its entirety to
now read as follows:


 


21.04%. Such share is a fraction, the
numerator of which is the Rentable Area of the Premises, and the denominator of
which is the Rentable Area of the Building. The total Rentable Area of the
Building is 55,544 Rentable square
feet.


 


SECTION 1.10 of the Lease is amended in its entirety to
now read as follows:


 


The initial Base Rent shall be
$1.98 per Rentable sq. ft., per month (NNN).


The
Base Rent shall be increased as follows:


 


	
  Lease

  Year

  	
   

  	
  Rental

  Rate Per

  Square

  Foot Per

  Month

  (NNN)

  	
   

  	
  Monthly

  Installments

  of Base Rent

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1

  	
   

  	
  $

  	
  1.98

  	
   

  	
  $

  	
  23,138.28

  	
   

  
	
  2

  	
   

  	
  $

  	
  2.13

  	
   

  	
  $

  	
  24,891.18

  	
   

  
	
  3

  	
   

  	
  $

  	
  2.19

  	
   

  	
  $

  	
  25,592.34

  	
   

  
	
  4

  	
   

  	
  $

  	
  2.26

  	
   

  	
  $

  	
  26,410.36

  	
   

  
	
  5

  	
   

  	
  $

  	
  2.33

  	
   

  	
  $

  	
  27,228.38

  	
   

  
	
  6

  	
   

  	
  $

  	
  2.40

  	
   

  	
  $

  	
  28,046.40

  	
   

  
	
  7

  	
   

  	
  $

  	
  2.47

  	
   

  	
  $

  	
  28,864.42

  	
   

  
	
  8

  	
   

  	
  $

  	
  2.54

  	
   

  	
  $

  	
  29,682.44

  	
   

  
	
  9

  	
   

  	
  $

  	
  2.62

  	
   

  	
  $

  	
  30,617.32

  	
   

  
	
  10

  	
   

  	
  $

  	
  2.70

  	
   

  	
  $

  	
  31,552.20

  	
   

  



 


1

















 


ALL OTHER TERMS:


 


Except
as set forth above, all other terms and conditions shall be as set forth in the
Lease.


 


 


AGREED AND
ACCEPTED THIS 17th DAY OF JUNE, 2009.


 


 


	
   

  	
  LANDLORD:

  	
   

  	
  TENANT:

  
	
   

  	
   

  	
   

  
	
  WINDMILL DURANGO OFFICE II, LLC

  	
   

  	
  ALLEGIANT AIR, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  WINDMILL
  DURANGO, LP

  	
   

  	
   

  
	
   

  	
  (Managing
  Member of WINDMILL DURANGO

  	
   

  	
  By:

  	
  /s/ Scott Sheldon

  
	
   

  	
  OFFICE
  II, LLC)

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Scott Sheldon

  
	
   

  	
   

  	
  IDC
  WINDMILL DURANGO, LLC

  	
   

  	
   

  	
  (Print
  Name)

  
	
   

  	
   

  	
  (General
  Partner of WINDMILL DURANGO, LP)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Its:

  	
  VP
  Accounting

  
	
   

  	
   

  	
  By:

  	
  /s/
  Jeff Susa

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  JEFF
  SUSA, Managing Member

  	
   

  	
   

  	
   

  



 


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