December 17, 2004
CALL CENTER LEASE PROPOSAL
Mr. Jeff Bickert
Attention: Michigan Economic Development Corp,
300 N. Washington Square,
Lansing, MI 48913.
Thank you for the opportunity to respond to your request for proposal relating to a proposed Call Center.
On behalf of LBL Investment we would like to offer the Wolverine Building as the location for your Call Center.
Building Overview: The Wolverine Building complex is located in Midland, Michigan, which has a total of 64,000
square feet. This lease proposal is based on 15,000 square feet per 100 people or 30,000 square feet for a 200
person call center.
Lessor: LBL Investments L.L.C, 3200 James Savage Ave, Midland, Michigan 48642
(989) 496-2609
Building Location: 3100 James Savage Ave, Midland, Michigan 48642
Premises: Approximately 15,000 square feet on the 1st Floor, and 15,000 square feet on the 2nd floor.
Lease Term: Five (5) years commencing on the lease occupancy date.
Estimated Occupancy Date: The Lease shall commence on the date Landlord gives notice that he has substantially completed necessary work determined by contractor and the premises are available for tenant’s occupancy, which is estimated to be March 01, 2005, except for the Back Up Generator which will be completed by April 30, 2005..
Monthly Rent: Monthly Rent shall Be $18,375. for the (60) Month Lease. Price is based on $7.35 NNN per square foot per year.
First Month Rent & Security Deposit: Upon Tenant’s execution of the lease, Tenant shall pay the Landlord a
security deposit equal to one and one half months rent plus first months rent.
Parking: Tenant will be provided 5 parking spaces per 1,000 usable square feet of Premises.
Back Up Power Generator: LBL Investments L.L.C. will provide complete 300 KVA Back Up Generator for the Call Center space wired to each work station. The Generator shall be natural gas, and include switch gear complete.
Use: The Premises may be used for call centers and general office use.
Plug & Play Definition: LBL Investments L.L.C. herein called the “Landlord” is defining the term “Plug & Play”
as the following: That the Tenant will provide their own computers, software, hardware, office furniture, as well as
telephones and all cabling and electrical distribution within the furniture.
Work Station Electric: LBL Investments L.L.C. will provide power to each workstation, per the Tenants
furniture layout as follows: that each floor core drill and power box connection point is figured to power three
workstations. Each of these power box connection points will have three circuits in one box. Therefore, for 200
workstations out on the open floor area, LBL Investments has figured 67 power connection boxes. This includes
a 20 amp electrical service to each 4 workstations. It is also hopeful that the Tenant’s furniture layout would make
a good faith effort to be over top of some of the existing power boxes in place now.
Work Station Voice & Data: LBL Investments L.L.C. will provide one voice cable and also one data cable per
workstation per tenant’s furniture layout as follows: that a Mutoa box be used with 12 voice/data cables. It is also
hopeful that the Tenant’s furniture layout would make a good faith effort to be over top of some of the existing
Mutoa boxes.
This Lease Proposal Prevails: This lease proposal and the price and terms herein, prevails and supersedes other
promotional items, such as web site or brochures.
Wolverine Building Website: See our web site at www.wolverinebuilding.com to get conceptual information about the facility.
No Moving Allowance Included: There are no moving allowances included.
Tenant Improvements: Other than what is specified herein, no other tenant improvements are included. LBL
Investments L.L.C is under the understanding that the Wolverine Building’s wall layout is Call Center ready “as-is”.
Condition of Proposal Terms: The Premises offered in this proposal will not be removed from the market until the
parties execute a Lease. This proposal will remain valid until 5:00 p.m. Eastern Standard Time, January 31, 2005.
Time is of the Essence: Time is of the essence in this Lease proposal, and both the Landlord and Tenant shall work diligently to have a fully executed lease, generally reflecting the terms described herein, by January 31, 2005.
This proposal covers only the major lease terms, and is subject to approval by Landlord. Both parties understand
that numerous other material terms and conditions have not yet been discussed or agreed upon regarding the proposal
and premises and will ultimately be contained in the final lease.
We look forward to hearing from you once you have had a chance to review this proposal to lease.
We would be pleased to give you a tour of the facility. If you have any questions, please feel free to call.
Sincerely,
LBL INVESTMENTS LLC
William R. Schneider, Member
989-496-2609
ACKNOWLEDGED AND AGREED:
Date:____________________________ Date:_______________________________
Tenant:__________________________ Landlord: LBL Investments LLC
By:_____________________________ By:________________________