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
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
23 rd 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
21 st 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
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