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SUBLEASE EXTENSION <br /> • <br /> THIS SUBLEASE EXTENSION is made this 13th day of September_, 2004 <br /> by and between the City of Elk River Economic Development Authority ("EDA") <br /> and LapTwo Technology Corporation ("LapTwo"). <br /> A. The EDA and LapTwo entered into a sublease agreement("Sublease") dated <br /> September 22, 2003, included as Attachment I, for the period of September <br /> 22, 2003 to September 22, 2004 for 1,041 square feet of space in Suite 130 at <br /> 16820 Highway 10,Elk River, Minnesota. <br /> The EDA authorized a 12-month sublease extension ("Extension") between <br /> the EDA and LapTwo on September 13, 2004 for the period of September 23, <br /> 2004 to September 22, 2005. <br /> B. An amended cash rent rate of$4.00 per square foot and$7.00 per square foot <br /> stock rent rate is hereby incorporated into this Extension. <br /> C. All provisions of the original Sublease including the Memorandum of <br /> Understanding, included as Attachment II, will retain their full force and <br /> effect. This Extension and the Sublease shall be construed so as to avoid <br /> conflicts; however, in the event of any conflict the provisions of this <br /> • Extension shall control. As amended hereby, the Sublease is hereby ratified <br /> and affirmed in all respects. <br /> City •f Elk River s <br /> / 44110 <br /> Rob Henningsgard ' ' is P.l' s <br /> President <br /> LapTwo Technology Corporation 70,E !/ <br /> Its Executive Director <br /> • <br />