Exhibit 10.2
FIRST AMENDMENT TO
LEASE AGREEMENT
THIS FIRST AMENDMENT TO LEASE
AGREEMENT (“First Amendment”) is made and
entered into between City Centre, L.L.C. a Wisconsin Limited
Liability Company (hereinafter “Landlord” ,
and Tower Tech Systems, A Wisconsin Corporation (hereinafter
“Tenant”).
WITNESSETH:
WHEREAS , Tenant
and Landlord entered into that certain Lease Agreement made as of
January 1, 2005 whereby Tenant leases from Landlord the
approximately 138,186 square foot of premises located in the City
of Manitowoc, County of Manitowoc, State of Wisconsin, know
municipally as 101 South 16th Street, Manitowoc, Wisconsin, and
more particularly described in the Lease as the “Demised
Premises”;
WHEREAS , the
initial Term of the Lease currently expires on December 31,
2009, and there are five (5) separate consecutive additional
Renewal Periods of five (5) years each; and
WHEREAS , Landlord
and Tenant agree to extend the initial Lease Term for a
period of five (5) years expiring December 31, 2014
(initial lease term); and to retain the existing five
(5) separate options to extend the Term of the Lease for five
(5) separate consecutive additional Renewal Periods of five
(5) years each, and otherwise amend other provisions of the
Lease as provided herein.
NOW, THEREFORE, In
consideration of the mutual promises, covenants and agreements, and
other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledge, the parties agree to amend the
Lease as follows:
1.
The recitals set forth above are incorporated herein as true and
correct.
2.
Landlord and
