<SEC-DOCUMENT>0000724910-11-000022.txt : 20110803
<SEC-HEADER>0000724910-11-000022.hdr.sgml : 20110803
<ACCEPTANCE-DATETIME>20110803160636
ACCESSION NUMBER:		0000724910-11-000022
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110802
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110803
DATE AS OF CHANGE:		20110803

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NVE CORP /NEW/
		CENTRAL INDEX KEY:			0000724910
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				411424202
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12196
		FILM NUMBER:		111007041

	BUSINESS ADDRESS:	
		STREET 1:		11409 VALLEY VIEW ROAD
		CITY:			EDEN PRAIRIE
		STATE:			MN
		ZIP:			55344
		BUSINESS PHONE:		9528299217

	MAIL ADDRESS:	
		STREET 1:		11409 VALLEY VIEW ROAD
		CITY:			EDEN PRAIRIE
		STATE:			MN
		ZIP:			55344

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PREMIS CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>lease-11.htm
<DESCRIPTION>AMENDMENT TO CURRENT REPORT ON FORM 8-K
<TEXT>
<p align="center"> <font face="Times New Roman, Times, serif" size="5"><b>UNITED
STATES<br> SECURITIES AND EXCHANGE COMMISSION</b></font><b><font face="Times New Roman, Times, serif" size="2"><br>
Washington, D.C.&nbsp;&nbsp;20549</font></b></p><p align="center"><b><font face="Times New Roman, Times, serif" size="2">
<font size="5">FORM 8-K/A</font></font></b></p>
<p align="center"><b><font face="Times New Roman, Times, serif" size="3">(Amendment No. 3)<br>
CURRENT REPORT<br> </font></b><font face="Times New Roman, Times, serif" size="3"><b>Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934</b></font></p><p><font face="Times New Roman, Times, serif" size="2"><br>
Date of Report (Date of earliest event reported)&nbsp;&nbsp;<b><u>August&nbsp;2, 2011</u></b><br>
</font></p>
<div align="center"><b><font size="6" face="Arial, Helvetica, sans-serif"><img src="nve-logo.gif" width="276" height="54"><br>
NVE Corporation</font></b><font face="Times New Roman, Times, serif" size="2"><br>
(Exact name of registrant as specified in its charter)</font></div><font face="Times New Roman, Times, serif" size="2">
<div> <p>&nbsp;</p></div></font> <div align="center"></div><table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr> <td width="33%"> <p align="center"><font face="Times New Roman, Times, serif"><b><font size="2" ><u>Minnesota</u></font></b></font></p></td><td width="33%">
<div align="center"><font face="Times New Roman, Times, serif" size="2"><b><u>000-12196</u></b></font>
</div></td><td> <p align="center"><b><font size="2" face="Times New Roman"><u>41-1424202</u></font></b></p></td></tr>
<tr> <td width="33%"> <p align="center"><font size="2" face="Times New Roman, Times, serif">(State
or other jurisdiction of incorporation)</font></p></td><td width="33%"> <div align="center"><font face="Times New Roman, Times, serif" size="2">(Commission
File Number) </font></div></td><td> <div align="center"><font size="2" face="Times New Roman, Times, serif">(IRS
Employer Identification No.)</font></div></td></tr> </table><br> <br> <table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr> <td width="25%"> <p align="center"><font face="Times New Roman, Times, serif"><b><font size="2">&nbsp;</font></b></font></p></td><td width="50%">
<p align="center"><font size="2"><b><u>11409 Valley View Road, Eden Prairie, Minnesota</u></b></font></p></td><td>
<p align="center"><font size="2"><b><font face="Times New Roman" ><u>55344</u></font></b></font></p></td></tr>
<tr> <td width="25%"> <p align="center"><font size="2">&nbsp;</font></p></td><td width="50%">
<p align="center"><font size="2" face="Times New Roman, Times, serif">(Address
of principal executive offices)</font></p></td><td> <p align="center"><font size="2">(Zip
Code)</font></p></td></tr> </table><br> <font size="2" face="Times New Roman, Times, serif">
Registrant&#146;s telephone number, including area code <b><u>(952) 829-9217</u></b><br>
</font> <p align="center"><font face="Times New Roman, Times, serif" size="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
</font><font face="Times New Roman, Times, serif" size="2">(Former name or former
address, if changed since last report.)</font></p><p><font face="Times New Roman, Times, serif" size="2">Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):</font></p><p><font face="Times New Roman, Times, serif" size="2">[&nbsp;&nbsp;]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p><p><font face="Times New Roman, Times, serif" size="2">[&nbsp;&nbsp;]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p><p><font face="Times New Roman, Times, serif" size="2">[&nbsp;&nbsp;]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))</font></p><p><font face="Times New Roman, Times, serif" size="2">[&nbsp;&nbsp;]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))</font></p><hr>
<br clear="all" style="page-break-before:always;">
<font face="Times New Roman, Times, serif" size="2"><b>Explanatory Note</b><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Amendment Number 3 to Form 8-K is being filed
to disclose an amendment to the lease agreement on the building housing our principal
executive offices and manufacturing facility.<br>
<br>
<br>
<b>Item 1.01 Entry into a Material Definitive Agreement</b><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On August&nbsp;2, 2011
we executed a fourth amendment to the lease agreement between us and Carlson Real
Estate Company covering the building housing our principal executive offices and
manufacturing facility. The building consists of 21,362 square feet of offices,
laboratories, and production areas. Our lease would have expired December&nbsp;31,
2015 without the fourth amendment. The fourth amendment extends the lease for an
additional term of five years, expiring December&nbsp;31, 2020, and eliminates our right
to cancel the lease on December&nbsp;31, 2012. The amendment provides for monthly base rent of
$13,422.46 in 2016, increasing approximately 2.5% each subsequent year during the extended term.
The amendment also limits increases in controllable operating expenses to
a maximum of 4% per year.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The fourth amendment to the lease is filed as Exhibit 10.8.</font>
<p>&nbsp;</p><p>&nbsp;</p><p align="center"><font face="Times New Roman, Times, serif" size="2">2</font><hr>
<br clear="all" style="page-break-before:always;"><p><font face="Times New Roman, Times, serif" size="2"><b>Item
9.01 Financial Statements and Exhibits</b><br>
<br></font>
<table cellpadding="0" cellspacing="0" width="100%">
<tr>
<td style="border-bottom: 1px solid black;"><b><font size="2" face="Times New Roman, Times, serif">Exhibit&nbsp;#</font></b></td>
<td style="border-bottom: 1px solid black;" align="center">
<font size="2" face="Times New Roman, Times, serif"><b>Description</b></font></td>
</tr>
<tr>
<td width="27 pt" valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;10.1</font></td>
<td><font size="2" face="Times New Roman, Times, serif">Lease dated October 1, 1998 between the company and
Glenborough Properties, LP (incorporated by reference to our Quarterly Report
on Form 10-QSB for the period ended September 30, 2002).<br>
&nbsp;
</font></td>
</tr>
<tr>
<td valign="top"> <font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;10.2</font></td>
<td><font size="2" face="Times New Roman, Times, serif">First amendment to lease between the
company and Glenborough Properties, LP dated September&nbsp;18, 2002 (incorporated
by reference to our Quarterly Report on Form 10-QSB for the period ended September&nbsp;30, 2002).<br>
&nbsp;
</font></td>
</tr>
<tr>
<td valign="top"> <font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;10.3</font></td>
<td><font size="2" face="Times New Roman, Times, serif">Second amendment to lease between the company and Glenborough Properties, LP dated December 1,
2003 (incorporated by reference to our Quarterly Report on Form 10-QSB for the
period ended December 31, 2003).<br>
&nbsp;
</font></td>
</tr>
<tr>
<td valign="top">
<font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;10.4</font></td>
<td><font size="2" face="Times New Roman, Times, serif"> Notification from Glenborough Properties, LP relating
to change in building ownership (incorporated by reference to our Current Report
on Form 8-K filed October&nbsp;11, 2005).<br>
&nbsp;
</font></td>
</tr>
<tr>
<td valign="top"> <font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;10.5</font></td>
<td><font size="2" face="Times New Roman, Times, serif">
Notification from Carlson Real Estate Company, Inc. relating to change in building
ownership (incorporated by reference to our Current Report on Form 8-K filed October&nbsp;11, 2005).<br>
&nbsp;
</font></td>
</tr>
<tr>
<td valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;10.6</font></td>
<td><font size="2" face="Times New Roman, Times, serif">
Third amendment to lease between the company and Carlson Real Estate Company,
Inc. (incorporated by reference to our Current Report on Form 8-K/A filed December&nbsp;20, 2007).<br>
&nbsp;
</font></td>
</tr>
<tr>
<td valign="top"> <font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;10.7</font></td>
<td><font size="2" face="Times New Roman, Times, serif">Letter from Carlson Real Estate Services, LLC relating to transfer of building
title (incorporated by reference to our Current Report on Form 8-K/A filed April&nbsp;15,&nbsp;2011).<br>
&nbsp;
</font></td>
</tr>
<tr>
<td valign="top"><font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;10.8</font></td>
<td><font size="2" face="Times New Roman, Times, serif">Fourth amendment to lease between the company and the Barbara C. Gage Revocable Trust
(filed with this Current Report on Form 8-K/A).<br>
&nbsp;
</font></td>
</tr>
</table>
<p>&nbsp;</p><p>&nbsp;</p><p align="center"><font face="Times New Roman, Times, serif" size="2">3</font>
<hr><br clear="all" style="page-break-before:always;"><font face="Times New Roman, Times, serif" size="2"><div align="center"><b>SIGNATURE</b></div><br><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.<br>
<br>
</font>
<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td width="33%" valign="top"> <font face="Times New Roman, Times, serif" size="2">Date&nbsp;&nbsp;<B><u>August&nbsp;3,&nbsp;2011</u></B></font></td>
<td align="center" width="34%"><font face="Times New Roman, Times, serif" size="2"><b><u>NVE CORPORATION<br></u></b>(Registrant)<br>
<br><u>&nbsp;/s/ CURT A. REYNDERS</u><br>
Curt A. Reynders<br>
Chief&nbsp;Financial&nbsp;Officer</font></td>
<td width="33%"></td></tr>
</table><p>&nbsp;</p><p>&nbsp;</p><p align="center"><font face="Times New Roman, Times, serif" size="2">4</font><hr>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>lease-4.htm
<DESCRIPTION>FOURTH AMENDMENT TO LEASE
<TEXT>
<p>&nbsp;
<div align="center"><font face="Times New Roman, Times, serif" size="3"><b>FOURTH AMENDMENT TO LEASE</b><br>
&nbsp;<br>
</font></div>
<table border="0" cellspacing="0" cellpadding="0">
<tr>

<td valign="top"><font face="Times New Roman, Times, serif" size="3"><b>DATE:</b></font></td>
<td><font face="Times New Roman, Times, serif" size="3">August 2nd, 2011<br>
&nbsp;</font></td>
</tr>
<tr>
<td valign="top"><font face="Times New Roman, Times, serif" size="3"><b>PARTIES:</b></font></td>
<td><font face="Times New Roman, Times, serif" size="3">THE BARBARA C. GAGE REVOCABLE TRUST<br>
&#147;<u><b>Landlord</b></u>&#148;<br>
&nbsp;<br>
NVE CORPORATION,<br>
A MINNESOTA CORPORATION<br>
&#147;<u><b>Tenant</b></u>&#148;<br>
&nbsp;</font></td>
</tr>

<tr>
<td valign="top"><font face="Times New Roman, Times, serif" size="3"><b>RECITALS:</b></font></td>
<td valign="top">&nbsp;</td>
</tr>

<tr>
<td rowspan="2" width="40"></td>
<td><font face="Times New Roman, Times, serif" size="3">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><i></i></b>Landlord, as successor in interest, and Tenant, as successor in interest, are
parties to that certain lease dated October&nbsp;1, 1998, First Amendment to Lease dated
September&nbsp;18, 2002, Second Amendment to Lease dated December&nbsp;1, 2003 and
Third Amendment to Lease dated December&nbsp;17, 2007 (collectively, the &#147;<b><u>Lease</u></b>&#148;)
relating to approximately 21,362 square feet of space (the &#147;<u><b>Premises</b></u>&#148;) located in
Bryant Lake Business Center, 11405 Valley View Road, Eden Prairie, Minnesota.<br>
&nbsp;</font></td>
</tr>
<tr>
<td><font face="Times New Roman, Times, serif" size="3">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><i></i></b>The parties have reached
an agreement with respect to extending the Term of the Lease which they wish
to reduce to writing.<br>
&nbsp;</font></td>
</tr>
</table>
<font face="Times New Roman, Times, serif" size="3"><b>AGREEMENT:</b>
<br>
&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In consideration of the following terms and conditions, the parties agree as follows:
<br>
<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><i>Recitals.</i></b>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The foregoing recitals are true and are incorporated herein.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i><b>Extension of
Lease Term.</b></i> The Term of the Lease is hereby extended, pursuant to
all of the terms and conditions of the Lease as amended, for an additional
period of five (5) years, commencing on January&nbsp;1, 2016 and ending December&nbsp;31, 2020 (the &#147;<b>Second Extended Term</b>&#148;).<br>
<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><i>Increase in
Annual Base Rent.</i></b> As of January 1, 2016, Tenant&#146;s Annual Base
Rent for the Premises shall be as follows:<br>
&nbsp;</font>
<table width="80%" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="20%"><u><font size="3" face="Times New Roman, Times, serif">Months</font></u></td>
<td width="20%"><u><font size="3" face="Times New Roman, Times, serif">Annual Base Rent</font></u></td>
<td width="20%"><u><font size="3" face="Times New Roman, Times, serif">Monthly Installment</font></u></td>
</tr>
<tr>
<td><font size="3" face="Times New Roman, Times, serif">01/01/16-12/31/16</font></td>
<td><font face="Times New Roman, Times, serif" size="3">$161,069.48</font></td>
<td><font face="Times New Roman, Times, serif" size="3">$13,422.46</font></td>
</tr>

<tr>
<td width="20%"><font face="Times New Roman, Times, serif" size="3">01/01/17-12/31/17</font></td>
<td width="20%"><font face="Times New Roman, Times, serif" size="3">$165,128.26 </font></td>
<td width="20%"><font face="Times New Roman, Times, serif" size="3">$13,760.69</font></td>
</tr>

<tr>
<td><font face="Times New Roman, Times, serif" size="3">01/01/18-12/31/18</font></td>
<td><font face="Times New Roman, Times, serif" size="3">$169,187.04 </font></td>
<td><font face="Times New Roman, Times, serif" size="3">$14,098.92</font></td>
</tr>

<tr>
<td><font face="Times New Roman, Times, serif" size="3">01/01/19-12/31/19</font></td>
<td><font face="Times New Roman, Times, serif" size="3">$173,459.44</font></td>
<td><font face="Times New Roman, Times, serif" size="3">$14,454.95</font></td>
</tr>

<tr>
<td><font face="Times New Roman, Times, serif" size="3">01/01/20-12/31/20</font></td>
<td><font face="Times New Roman, Times, serif" size="3">$177,731.84</font></td>
<td><font face="Times New Roman, Times, serif" size="3">$14,810.99</font></td>
</tr>
</table>
<font size="3" face="Times New Roman, Times, serif"><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4</font><font size="3" face="Times New Roman, Times, serif">.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><i></i></b><i><b>Controllable Operating Expenses.</b></i> Notwithstanding anything to the contrary contained herein, &#147;<b><u>Controllable Operating Expenses</u></b>&#148; (as hereinafter defined) shall not
increase by more than four (4%) percent per year, compounded annually, over the amount of the<br>
<br>
<div align="center">1</div>
</font>
<hr>
<br clear="all" style="page-break-before:always;">
<font size="3" face="Times New Roman, Times, serif">Controllable Operating Expenses for the previous calendar year. Such cap is cumulative and the
unused portion of a year&#146;s cap may be carried forward to absorb any further Operating Expenses
that would otherwise be in excess of the cap.<br>
<br>
&#147;<b><u>Controllable Operating Expenses</u></b>&#148; shall be deemed to mean all Operating Expenses except
for utilities, insurance, snow and ice removal, management fees, repair and maintenance items which do not occur on an annual or regular basis, including, without limitation, parking lot restriping and re-sealing and any other expense reasonably determined to be beyond Landlord&#146;s control.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><i>Management Fees.</i></b> As of the date of this Fourth Amendment to Lease, Paragraph 6.3.1.1&nbsp;(l) is hereby deleted and replaced with the following:<br>
<br>
&#147;Landlord&#146;s management fees and administrative costs. (Landlord&#146;s total management fee for the Project shall not exceed a maximum of five percent (5%) of the gross receipts (hereinafter &#147;<b><u>gross receipts</u></b>&#148;) of the Project, with gross receipts defined as the gross amount paid to Landlord as rent, fees, charges or otherwise for the use and/or occupancy of the Project or for any services, equipment, or furnishings provided by Landlord in connection with such use and/or occupancy.)&#148;<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><i>Termination Right.</i></b> As of the date of this Fourth Amendment to Lease, Paragraph&nbsp;6 of the Third Amendment to Lease is hereby deleted in its entirety and is of no further force or effect.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><i>Master Lease and Operating Agreement.</i></b> The Building is subject to that certain Master Lease and Operating Agreement between Landlord and CIG East Lake, LLC (&#147;<u><b>Master
Tenant</b></u>&#148;) dated as of February 1, 2011, which appoints Master Tenant to execute leases in
Landlord&#146;s name on its behalf and manage, exercise and enforce all leases as Landlord&#146;s
authorized agent. Any obligations of Landlord hereunder shall be performed by Master Tenant
and/or Asset Manager (as hereinafter defined), as Master Tenant so delegates.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><i>Asset Management Agreement.</i></b> Master Tenant has executed that certain Asset
Management Agreement by and between Master Tenant and Carlson Real Estate Services, LLC
(&#147;<b><u>Asset Manager</u></b>&#148;) dated as of February 1, 2011, which grants the Asset Manager the authority
to execute, manage and enforce leases as asset manager on behalf of Master Tenant and
Landlord.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><i>Brokerage.</i></b> Tenant represents that it has not had or dealt with any realtor,
broker or agent in connection with the negotiation of this Lease, except for Welsh Companies
(&#147;<b><u>Broker</u></b>&#148;), and Tenant shall pay and hold Landlord harmless from any cost, expense or liability
(including costs of suit and attorneys&#146; fees) for any compensation, commission or charges
claimed by any realtor, broker or agent with respect to this Lease and the negotiation thereof,
other than a claim of the Broker and a claim based upon any written agreement between such
person and Landlord. Landlord represents that it has not entered into a written agreement with
any broker other than the Broker, with respect to the leasing of the Premises and which is in
effect this date. Landlord shall compensate the Broker pursuant to a separate agreement.<br>
<br>
<div align="center">2<br>
</div>
</font>
<hr>
<br clear="all" style="page-break-before:always;">
<font size="3" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><i>Contingency.</i></b> Landlord&#146;s obligation under this Fourth Amendment to Lease is
expressly contingent upon Landlord obtaining consent from its lender, Thrivent Financial for
Lutherans (&#147;<b><u>Lender</u></b>&#148;). If Landlord fails to obtain Lender&#146;s consent to this Fourth Amendment to
Lease on or before thirty (30) days of the date hereof, this Fourth Amendment to Lease shall be
deemed terminated and of no further force and effect.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i><b>Tenant Financial Information.</b></i> Within fifteen (15) days after request
therefor by Landlord, Tenant shall supply to Landlord such financial information as may be
requested by Landlord in the following circumstances: (i) in connection with a prospective
mortgage loan on the Building; (ii) in connection with any lease amendment or exercise of any tenant option or right; or (iii) in connection with a prospective sale of the Building or sale of an
interest therein.
<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i><b>Counterparts/Electronic Signatures.</b></i> This Fourth Amendment to Lease may be
executed in multiple counterparts, each of which shall be effective upon delivery and, thereafter,
shall be deemed to be an original, and all of which shall be taken as one and the same instrument
with the same effect as if each party had signed on the same signature page. This Fourth
Amendment to Lease may be transmitted by fax or by electronic mail in portable document
format (&#147;<b><u>pdf</u></b>&#148;) and signatures appearing on faxed instruments and/or electronic mail instruments
shall be treated as original signatures.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<i><b>Interpretation of Fourth Amendment to Lease.</b></i> In the event of any conflict
between the Lease and this Fourth Amendment to Lease, the terms of this Fourth Amendment to
Lease shall control. Except as expressly amended, supplemented or modified by this Fourth
Amendment to Lease, the Lease shall continue in full force and effect. All capitalized terms
contained in this Fourth Amendment to Lease, unless specifically defined herein, shall have the
meaning ascribed to them in the Lease.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><i>Binding Effect.</i></b> This Fourth Amendment to Lease shall bind and inure to the
benefit of the parties hereto and their respective heirs, successors and assigns.<br>
<br>
<br>
<br>
<div align="center"><b>[Signature page follows]</b>
<br>
<br>
<br>
<br>
<br>
3<br>
</div>
</font>
<hr>
<br clear="all" style="page-break-before:always;">
<font face="Times New Roman, Times, serif" size="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, Landlord and Tenant have caused this Fourth Amendment to
Lease to be executed as of the day and year first above written.
<br>&nbsp;
<br>
<br>
</font>
<table border="0" cellspacing="0" cellpadding="0" width="100%">

<tr>
<td rowspan="7" width="40%"></td>
<td colspan="3"><font size="3" face="Times New Roman, Times, serif"><b>LANDLORD:<br>
&nbsp;
</b></font></td>
</tr>
<tr>
<td rowspan="3" width="40"></td>
<td colspan="2"><font size="3" face="Times New Roman, Times, serif">THE BARBARA C. GAGE REVOCABLE TRUST<br>
&nbsp;
</font></td>
</tr>
<tr>
<td valign="top" width="1%"><font size="3" face="Times New Roman, Times, serif">By:&nbsp;&nbsp;<br>
Its:</font></td>
<td valign="top"><font size="3" face="Times New Roman, Times, serif">Carlson Real Estate Services, LLC<br>
Asset Manager<br>
&nbsp;<br>
&nbsp;
</font></td>
</tr>

<tr>
<td valign="top"><font size="3" face="Times New Roman, Times, serif">By:</font></td>
<td><font size="3" face="Times New Roman, Times, serif"><u>/s/ MATT VAN SLOOTEN</u><br>
Name: Matt Van Slooten<br>
Title:&nbsp;&nbsp;President</font></td>
</tr>
<tr>
<td colspan="3"><b><font size="3" face="Times New Roman, Times, serif"><br>
<br>
<br>
TENANT:<br>
&nbsp;
</font></b></td>
</tr>

<tr>
<td rowspan="2"></td>
<td colspan="2"><font size="3" face="Times New Roman, Times, serif">NVE CORPORATION,<br>
A MINNESOTA CORPORATION<br>
&nbsp;<br>
&nbsp;
</font></td>
</tr>

<tr>
<td valign="top"><font size="3" face="Times New Roman, Times, serif">By:</font></td>
<td><font size="3" face="Times New Roman, Times, serif"><u>/s/ DANIEL BAKER</u><br>
Name: Daniel Baker<br>
Title: President and CEO</font></td>
</tr>
</table>
<font face="Times New Roman, Times, serif" size="3"><div align="center"><br>
<br>
<br>
<br>
<br>
<br>4</div></font>
<hr>
</TEXT>
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