SECOND AMENDMENT TO LEASE
Exhibit 10.24
SECOND AMENDMENT TO LEASE
This Second Amendment to Lease (this “Amendment”) is entered into effective as of the
1st day of August 2006 by and between SUMO HOLDINGS MARYLAND, LLC, a California limited
liability company (hereinafter referred to as “Landlord”) and LEET-MELBROOK, INC., a Maryland
corporation (hereinafter referred to as “Tenant”).
RECITALS
A. On December 7, 1995, Xxxxxxx X. Xxxxxxxx and Xxxxxxxx X. Xxxxxxxx (collectively referred to
as “the Dietricks”) and Tenant entered into a Lease Agreement (“Lease”) for the premises commonly
known as 00000 Xxxxxxxxx Xxxx, Xxxxxxxxxxxx, Xxxxxxxx (the “Demised Premises”).
B. On November 8, 2001, the Dietricks assigned all of their right, title and interest in and
to the Lease to Landlord.
C. On August 2, 2005, Landlord and Tenant amended the Lease to grant Tenant an additional
option to extend the term of the Lease for five (5) years, which option Tenant exercised.
D. The parties now desire to further amend the Lease on the terms and conditions set forth in
this Amendment.
AGREEMENT
NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby
acknowledged, the parties hereby amend the Lease upon the terms and subject to the conditions set
forth in this Amendment:
1. Capitalized Terms. Capitalized terms not defined in this Amendment shall have the meanings
set forth in the Lease.
2. Section 3(a) of the Lease is hereby amended to provide that the basic annual rent for the
period from and including August 2006 through and including July 2011 shall be One Hundred
Seventy-Three Thousand Five Hundred Dollars ($173,500), payable in equal monthly installments.
3. Counterparts. This Amendment may be executed in counterparts, each of which shall be
deemed an original and all of which shall constitute one instrument.
4. Other Terms and Conditions. All other terms and conditions of the Lease, as previously
amended, will continue in full force and effect except as expressly modified in this Amendment.
The terms and conditions of the Lease, as previously amended, are incorporated into this Amendment
by reference, and the terms and conditions of this Amendment are incorporated by reference into the
Lease, as previously amended.
IN WITNESS WHEREOF, the parties have executed this Amendment effective as of the date first
set forth above.
LANDLORD: | ||||||
SUMO HOLDINGS MARYLAND, LLC, | ||||||
a California limited liability company | ||||||
By: | /s/ Xxxxxxxxxxxxx Xxxxxxxxxxxx | |||||
Xxxxxxxxxxxxx Xxxxxxxxxxxx | ||||||
Its: | Manager | |||||
TENANT: | ||||||
LEET-MELBROOK, INC., | ||||||
a Maryland corporation | ||||||
By: | /s/ Xxxx X. Xxxx | |||||
Xxxx X. Xxxx | ||||||
Its: | Chief Financial Officer |
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