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3 <br />~. September 1;1; 1997 <br />~- <br />,~,. r, <br />IVir Greg;Payrie ~ '4'-' <br />Orange. County E.D.C. _ . <br />- P.fJ. Bax.1177 .- <br />I3llsrtarough; I~'C 27278 <br />Re Lease; at 40I V'ailey Forge Road <br />:Dear. Greg, <br />As a follavs up to our:phone conversation earlier ttus week, I have esiclosed a copy o~the invoice <br />for'services rendered from Telesis:construction; to BSL These capital. Ynprovements hayebeen. <br />completed in order to make the buiduzg readyfor occupancy; :In addition;; certain, items .were <br />required to satisfy thelocal Building Inspectors aiid Eire::Marshall. We submit thisinvaice:as <br />proof of the .improvements we made iri accordance ~rnth .our :lease agreement; (Paragraph; twee, <br />gart ~:l <br />W,e: propose to deduct the $15Q;UOO:O:Q of rent set.aff in the fiisf:tliree;years:~ 'Therefore;: we <br />subunit to you a propasaLfo :anew lease payment of $SStIQO per :annum payable in monthly <br />installzneuts Qf $458.4.QO~f ~ the fast three years. `The rent would increase back to $1{?5,4~0 <br />annuaIIy far tle:balance of the lease; <br />You and your staff Have been a tremendous resource: <br />If you;have--any questions, please do not hesitate to call.. <br />T'f~anlcyou; ~hy,,LL <br />. `~ <br />~ t_ ~/~~~ f " r . u~ <br />"._~ _ ,. <br />Ti~m2 Vogl A~ a,i:~+ :. _ ~_ _~ _..._ ...._.. W <br />Vice President <br />749Q New Techn~tnnv w~.• - ~'-- ' • ' "" <br />