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Exhibit
10.14.1
ADDENDUM TO LEASE
AGREEMENT
THIS ADDENDUM TO LEASE
AGREEMENT (“Addendum”) is made and entered into this 26
day of Oct, 2007 by and between 411 NSHP Partners, LP, A Texas
limited partnership (“Lessor”) and Baseline Oil and Gas
Corporation, a Nevada Corporation
(“Lessee”).
NOTWITHSTANDING any
provisions contained in the attached and foregoing Lease Agreement
(“Lease”), Lessor and Lessee hereby agree as
follows:
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1. |
The capitalized terms used in the Addendum shall have the same
meaning as the defined terms set forth in the Lease. |
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2. |
Temporary Premises : Effective October 26, 2007,
Lessee shall occupy the Temporary Premises comprising approximately
3,000 sf until the remodel of the Leased Premises is Substantially
Complete (hereinafter defined). The Temporary Premises are shown on
the floor plan attached hereto as Exhibit “A”. Lessee
agrees to take the Temporary Premises in their “As-Is,
Where-Is” condition with Lessor to have no obligation to make
any improvements of any kind or nature to same. Lessee further
acknowledges that Lessor makes no representation or warranty,
express or implied, concerning the Temporary Premises for
Lessee’s intended use of same. |
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3. |
Base Monthly Rental : Lessee’s Base Monthly Rental
shall be due and payable in the following manner: |
October 26,
2007—Substantial Completion of Leased Premises:
$4,500/mo
Substantial Completion of
Leased Premises-Month 36: $11,789.00/mo**
Month 37—Month 60:
$12,102.58/mo
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**
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Base Monthly Rental includes
amortization of 1
/ 2 of agreed cost of Tenant Improvements
($60,000.00) to Leased Premises over 60 month
term.
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4. |
First Month’s Rent: First’s Month’s
Rent due on October 26, 2007 shall be $4,500.00 |
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5. |
Substantial Completion: For purposes of this Addendum,
“Substantial Completion” of (or
“Substantially Complete” in regard to) the
Tenant Improvements shall mean that the Tenant Improvements have
been comple |
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