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<br />Addendum to Lease Agreement ("Lease") between R.K. Associates, Inc., ("Lessor") <br />and the City of Sunny Isles Beach ("Lessee") for 17070 Collins A venue, Suites 250,251, <br />252, 253, 254, 255~ 256 (the "leased premises"). <br /> <br />THIS ADDENDUM IS AND FORMS A PART OF THE LEASE DATED MAY I, 1998 AND <br />SHALL SUPERCEDE AND REPLACE ALL PRIOR ADDENDA BETWEEN LESSOR AND <br />LESSEE. TO THE EXTENT THE TERMS OF THIS ADDENDUM CONFLICT WITH THOSE <br />CONT AINED IN THE BASE LEASE, THE TERMS OF THIS ADDENDUM SHALL CONTROL. <br />THE TERMS OF THE LEASE WHICH ARE NOT MODIFIED BY THE TERMS OF THIS <br />ADDENDUM SHALL REMAIN THE SAME AND IN FULL FORCE AND EFFECT. <br /> <br />THIS ADDENDUM IS A TT ACHED TO AND MADE A PART OF THE LEASE AGREEMENT <br />AND SHALL SUPERCEDE AND REPLACE ALL PRIOR ADDENDA. <br /> <br />I. Monthly Rent. As an inducement for Lessee to enter into the Lease for the leased premises <br />for City Hall, Police Station and Government Center for the City of Sunny Isles Beach, which shall <br />include its municipal offices, police headquarters, meeting rooms, public hall and related municipal <br />functions for the City, Lessor grants Lessee in concessions for monthly rent as follows: <br /> <br />1. Rent shall commence on October 1, 1998. <br /> <br />11. Notwithstanding anything to the contrary in the original Lease, the base rent from <br />October 1, 1998 to and including December 31, 2003, shall be TEN THOUSAND <br />FIVE HUNDRED ($10,500.00) DOLLARS per month or ONE HUNDRED AND <br />TWENTY-SIX THOUSAND ($126,000.00) DOLLARS per year for a five-year <br />period. Rent will commence on October 1,1998. <br /> <br />Additionally, operating expenses set forth in Paragraph 23 of the Base Lease are <br />deemed included in the monthly rent payment and shall not be otherwise separately <br />due and payable by the Lessee, either during the base term or during the renewal <br />period. <br /> <br />2. Option to Renew. Provided the tenant is not in default of any terms or conditions of this <br />Lease at the time the option term is scheduled to commence, the Lessee shall have, within its sole <br />option, to be exercised by written notice to Lessor at least three months prior to December 3 1,2003, <br />to renew this Lease for two successive one year option periods, on the following terms: <br /> <br />1. In year six beginning January 1, 2004 and ending December 31, 2004, the monthly <br />rent will be increased to SEVENTEEN THOUSAND ($17,000.00) DOLLARS for <br />that year, plus, ONE THOUSAND ($1,000.00) DOLLARS for ground floor elevator <br />access in accordance with Paragraph 4 hereinbelow. <br /> <br />n. For year seven, beginning January 1,2005, and ending December 31,2005, the base <br />rent will be increased to NINETEEN ($19,000.00) DOLLARS plus ONE <br />