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©2017AIRCRE. AllRightsReserved. LastEdited:9/24/20254:55PM ATL-1.02,Revised10-22-2020 Page1 of2
THISAMENDMENT TOLEASE ismadeand enteredinto asof September 25, 2025 ,byand between The City of Garden Grove successor in interest to LT Properties Company, a California Limited Partnership ("Lessor")and Investel Development LLC, successor in interest to Investel Resorts Management LLC ("Lessee").
WHEREAS,on orabout February 15, 2017 aLease wasentered intoby andbetweenLessor andLessee relaƟngtocertain realproperty commonly knownas (streetaddress, city,state,zip): 12966 Euclid Street, Suites 300 and 320, Garden Grove, CA 92840 (the"Premises"), and
WHEREAS,Lessor andLessee have have notpreviouslyamended saidLease, and WHEREAS,the Lessorand Lesseenowdesire toamend saidLease, NOW,THEREFORE, forpayment ofTENDOLLARS andother goodand valuable consideraƟonto Lessor,the receiptand sufficiency ofwhich isherebyacknowledged, the parƟes mutuallyagree tomakethe following addiƟons and modificaƟons totheLease:
TERM: The ExpiraƟon Dateishereby advanced extendedto February 28, 2029 .
AGREEDUSE: The AgreedUseis hereby modified to: .
BASERENT ADJUSTMENT: MonthlyBaseRentbeginningonDecember1,2025 shallbe asfollows:
Months 1-12: $26,500.00 per month*
Months 13-24: $27,295.00 per month*
Months 25-36: $28.113.85 per month
Months 37-39: $28,957.27 per month
*Base Rent due in months one (1), twelve (12) and twenty-four (24) shall be abated .
OTHER: NEW LEASE TERM AND COMMENCEMENT DATE: The Lease Term shall be extended by thirty-nine (39) months beyond the existing expiration date of November 30, 2025 and shall expire on February 28, 2029 .
ThisAmendment shallnot beconstruedagainst theparty preparingit, butshallbe construedas ifall parƟes jointlyprepared thisAmendmentand anyuncertainty and ambiguityshall notbe interpretedagainstany oneparty. Signatures tothisAmendment accomplishedby meansofelectronic signatureor similartechnologyshall be legaland binding.
Allother termsand condiƟons ofthis Leaseshall remainunchanged andshall conƟnue infull forceand effect exceptas specificallyamendedherein.
EXECUTEDas ofthe dayandyear firstabove wriƩen.
ByLessor:
The City of Garden Grove successor in
interest to LT Properties Company, a
California Limited Partnership
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3rd AMENDMENTTO LEASE
ByLessee:
Investel Development LLC, successor in
interest to Investel Resorts Management LLC
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By:
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Kai Benedetti
Director of HR
[email protected]
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©2017AIRCRE. AllRightsReserved. LastEdited:9/24/20254:55PM ATL-1.02,Revised10-22-2020 Page2 of2
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