Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - Teledyne Bolt, Inc. | v322087_10k.htm |
| EX-21 - EXHIBIT 21 - Teledyne Bolt, Inc. | v322087_ex21.htm |
| EX-23 - EXHIBIT 23 - Teledyne Bolt, Inc. | v322087_ex23.htm |
| EX-10.6 - EXHIBIT 10.6 - Teledyne Bolt, Inc. | v322087_ex10-6.htm |
| EX-31.2 - EXHIBIT 31.2 - Teledyne Bolt, Inc. | v322087_ex31-2.htm |
| EX-32.2 - EXHIBIT 32.2 - Teledyne Bolt, Inc. | v322087_ex32-2.htm |
| EX-31.1 - EXHIBIT 31.1 - Teledyne Bolt, Inc. | v322087_ex31-1.htm |
| EX-32.1 - EXHIBIT 32.1 - Teledyne Bolt, Inc. | v322087_ex32-1.htm |
| EX-10.4 - EXHIBIT 10.4 - Teledyne Bolt, Inc. | v322087_ex10-4.htm |
| EX-10.8 - EXHIBIT 10.8 - Teledyne Bolt, Inc. | v322087_ex10-8.htm |
Exhibit 10.3
THE 381 CONNECTICUT AVENUE CORPORATION
C/O BAYWATER PROPERTIES
1019 BOSTON POST ROAD
DARIEN, CT 06820
April 3, 2012
Mr. Ray Soto
Chairman and Chief Executive Officer
Bolt Technology Corporation
4 Duke Place
Norwalk, CT 06854
Dear Ray:
This letter serves to confirm that we accept your request to renew the leases dated January 10, 2003 between Bolt Technology Corporation and The 381 Connecticut Avenue Corporation. The aforementioned leases expire on January 9, 2013.
For 366 Ely Avenue, the Net Rent (as defined in Sections 3 and 23 of the Lease) will be $18,900.00 per month throughout the 5-year renewal term commencing on January 10, 2013. All other terms of this lease shall remain in full force and effect and unmodified.
For 4 Duke Place, the Net Rent (as defined in Sections 3 and 23 of the Lease) will be $11,000.00 per month throughout the 5-year renewal term commencing on January 10, 2013. All other terms of this lease shall remain in full force and effect and unmodified.
Upon your acceptance of this proposal, both leases will expire on January 9, 2018. Should you wish to discuss with us an additional renewal option for these properties, we would be pleased to meet with you to explore this possibility. It has been our pleasure working you and your team.
In connection with the early renewal of the aforementioned leases, we will reimburse you for the cost of creating the work room proposed in 366 Ely Avenue by J. Ackley Building & Remodeling, LLC, to a maximum of $11,650.00. We will reimburse you for this expense within 5 days of your submitting to us an invoice for this work, upon its completion. We will also be responsible for the cost of renovating the bathrooms in 366 Ely Avenue, and the installation of 2 additional gas-fired heating units in that building. This work will be initiated and supervised by us and will be completed no later than July 1, 2012.
Kindly countersign this letter and return to us one copy to confirm your acceptance of this proposal (and retain one copy for your records). If you have any questions with this agreement, please do not hesitate to contact me.
| Sincerely, | |
| /s/ R. David Genovese | |
| R. David Genovese | |
| President, The 381 Connecticut Avenue Corporation | |
| Accepted and Agreed: | |
| BOLT TECHNOLOGY CORPORATION | |
| /s/ Raymond Soto | |
| By: Raymond Soto | |
| Its: Chairman and Chief Executive Officer | |
| Date: April 17, 2012 | |
| cc | |
| Joseph Espeso, Bolt Technology Corporation | |
| Barbara Young, Levett Rockwood | |