Exhibit 10.65
AGREEMENT OF LEASE RENEWAL
BY AND AMONG
MARIANNE B. JARDINE, OR HER SUCCESSOR, TRUSTEE UNDER THE
MARIANNE B. JARDINE REVOCABLE TRUST DATED SEPTEMBER 15, 1992
LANDLORD
RHODE ISLAND STUDENT LOAN AUTHORITY
TENANT
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Exhibit 10.65
TERMS AND CONDITIONS
Reference
Subjects Referred To.
Each Reference in this
Lease Renewal to any
of
the following subjects shall be construed to incorporate the data for that
subject in this Article:
PARTIES:
Landlord: Marianne B.
Jardine, or her successor, Trustee under the
Marianne B. Jardine Revocable Trust dated September 15, 1992.
MANAGING AGENT: NA
LANDLORD'S ADDRESS FOR NOTICE:
Summer - 80 Hillside Street
Saunderstown, RI
02874
Winter - 1341 Middle Gulf Drive 1-B
Sanibel, FL 33957
CHECKS TO:
Marianne B. Jardine as Trustee
TENANT:
RHODE ISLAND STUDENT
LOAN AUTHORITY
TENANT'S ADDRESS FOR BILLING AND NOTICE:
ATTN: Executive
Director
560 Jefferson Boulevard
Warwick, RI 02886
BUILIDING & LEASED Premises:
Approximately 1,440 rentable square feet on the 2nd
floor (the "Premises") in the building located at 615 Jefferson Boulevard,
Warwick, RI 02886 #203.
TERM:
Three Years
Commencement Date
June 1, 2002
Expiration Date
May 31, 2005
MONTHLY BASE RENT: rent / sf = $12.00 NNN
Condo fee = $1.91
+ RE tax = $2.50
Annual Rent =
$23,630.40
Monthly Rent =
$1,969.20
Increase amount due on Security Deposit: $0.00
The new Tax Base is $3,599.29
The Condominium fee Base is $2,756
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REAL ESTATE TAXES &
CONDOMINUM FEES:
Tenant is responsible for any increases over
the Base Year 1999 Real Estate taxes (actual
2000 / 2001) = $3,599.29 and Base Year 2002
Condominium Fees (actual 2001 = $2,756). A
