EX1A-6 MAT CTRCT 9 v473424_ex6-2.htm EXHIBIT 6.2

 

Exhibit 6.2

 

Rental Agreement

 

Between TerraCycle, Inc. and TerraCycle US, LLC

 

This Rental Agreement (this “Agreement”) between TerraCycle US, LLC, a Delaware Limited Liability Company (“Landlord”) owner of and doing business at 21 Hillside Avenue, Trenton, NJ, USA (the “Premises”), and TerraCycle TerraCycle, Inc. a Delaware Corporation (“Tenant”) doing business at 121 New York Avenue, Trenton, NJ USA is entered into as of April 16, 2014.

 

Whereas, Landlord and Tenant wish to enter into a rental agreement;

 

Now, therefore, subject to Schedule A below, Landlord will charge Tenant the fair rental amount per person.

 

The parties further agree to amend this Agreement to reflect any agreed change in any existing or new item listed under “Group/Category” and its associated fee determination under Schedule A below.

 

/s/ Richard Perl   /s/ Javier Daly  
TerraCycle US, LLC   TerraCycle, Inc.  

 

 

 

 

Schedule A

 

ITEMS FOR ALLOCATION:

 

Group / Category  Fee 
Office Expenses  $379,026 
Depreciation  $90,000 
Contractor expenses  $18,960 
Technology expenses  $4,400 
Total Building Expenses  $492,386 
Enrollment:     
TCI C Level   14.5%
TCI Other   47.3%
US LLC (ex-warehouse)   38.2%
Total   100.0%
Expense Split Adjusted TCI   61.8%
Quarterly Invoicing US LLC to TCI     
Annual Share  $304,384 
Quarterly Amount  $76,096 

 

 

 

 

Rental Agreement

 

Between TerraCycle, Inc. and TerraCycle US, LLC

 

This Rental Agreement (this “Agreement”) between TerraCycle US, LLC, a Delaware Limited Liability Company (“Landlord”) owner of and doing business at 121 New York Avenue, Trenton, NJ, USA (the “Premises”), and TerraCycle TerraCycle, Inc. a Delaware Corporation (“Tenant”) doing business at 121 New York Avenue, Trenton, NJ USA is entered into as of April 1, 2014.

 

Whereas, Landlord and Tenant wish to enter into a rental agreement.

 

Now, therefore, subject to Schedule A below, Landlord will charge Tenant the fair rental amount per person.

 

The parties further agree to amend this Agreement to reflect any agreed change in.

 

Landlord acknowledges that it owns the Premises subject to a $300,000 mortgage held by TD Bank, N.A..

 

/s/ Richard Perl   /s/ Javier Daly  
TerraCycle US, LLC   TerraCycle, Inc.  

 

 

 

 

Schedule A

 

Assets ITEMS FOR ALLOCATION:

 

Group / Category  Fee 
Office Expenses (per WCB 2012.02 v2)  $422,713 
Depreciation  $267,954 
Total Building Expenses  $690,667 
Enrollment:     
TCI C Level   14.5%
TCI Other   47.3%
US LLC (ex-warehouse)   38.2%
Total   100.0%
Expense Split Adjusted TCI   61.8%
Quarterly Invoicing US LLC to TCI     
Annual Share  $428,200 
Quarterly Amount  $107,050