AMENDMENT NO. 5 TO LEASE
Exhibit 10.56
AMENDMENT NO. 5 TO LEASE
THIS AGREEMENT made this 28th day of February, 2005, by and between EWE WAREHOUSE INVESTMENTS V, LTD., as Lessor and MERRIMACK SERVICES CORPORATION dba PC CONNECTION SERVICES, as Lessee located at 0000-0000 Xxx Xxxxx Xxxxx 00, Xxxxxxxxxx, Xxxx 00000.
W I T N E S S E T H:
WHEREAS, Lessor and Lessee entered into a Lease dated September 27, 1990 as amended June 28, 1996, July 31, 1998, June 26, 2000, and July 31, 2002 and
WHEREAS, the Lessor and Lessee desire to amend the Lease of approximately 102,400 square feet to extend the term, revise the rent.
NOW THEREFORE, the Lease is amended as follows.
1. Article 1. TERM. shall be revised as follows.
Effective March 1, 2005, the term of this Lease shall be extended for an additional two (2) years for a total term of sixteen (16) years, two (2) months, commencing January 1, 1991 and ending February 28, 2007, both dates inclusive.
2. Lessee warrants that Lessee has accepted and is now in possession of the Premises and that the Lease is valid and presently in full force and effect. Lessee accepts the Premises in its present “as is” condition.
3. Article 4. RENT. shall be revised as follows.
For the two (2) year period commencing March 1, 2005 and ending February 28, 2007, Lessee shall pay to the Lessor as Annual Rent for the Leased Premises the sum of FIVE HUNDRED FIFTY-EIGHT THOUSAND EIGHT HUNDRED SIXTY-FOUR AND 04/100 DOLLARS ($548,864.04) which shall be paid in equal monthly installments of FORTY-FIVE THOUSAND SEVEN HUNDRED THIRTY-EIGHT AND 67/100 DOLLARS ($45,738.67), due and payable on the first day of each month, in advance, without demand.
4. Except as expressly amended herein, all other terms and conditions of the Lease remain in full force and effect.
IN WITNESS WHEREOF, the Lessor and Lessee have affixed their signatures to duplicates of this Amendment, this 25th day of February 2005, as to Lessee and this 28th day of February, 2005, as to Lessor.
| Signed and acknowledged | LESSOR: | EWE WAREHOUSE INVESTMENTS V, LTD. | ||
| in the presence of: | BY XXXXXX-XXXXXXXXX REALTY, INC. | |||
| ITS MANAGING AGENT | ||||
| /s/ Xxxxxxx X. Xxxxxxx |
By: | /s/ Xxxxx XxXxxx | ||
| Xxxxx XxXxxx | ||||
| Xxxxxxx X. Xxxxxxx |
Title: | President | ||
| Print Name | ||||
| /s/ Xxxxxxxx Xxxxxxxx |
||||
| Xxxxxxxx Xxxxxxxx |
||||
| Print Name | ||||
| LESSEE: | MERRIMACK SERVICES CORPORATION | |||
| dba PC CONNECTION SERVICES | ||||
| /s/ Xxxxxx X. Xxxxxx |
By: | /s/ Xxxxxx X. Xxxxx | ||
|
Xxxxxx X. Xxxxxx |
Title: | Director of Facilities | ||
| Print Name | ||||
| Print Name |
||||
STATE OF OHIO, COUNTY OF XXXXXXXXXX, XX:
The foregoing instrument was acknowledged before me this 28th day of February 2005, by Xxxxx XxXxxx, President of XXXXXX-XXXXXXXXX REALTY, INC.
| /s/ Xxxx X. Xxxxxx |
| NOTARY PUBLIC |
STATE OF New Hampshire, COUNTY OF Hillsborough, SS:
The foregoing instrument was acknowledged before me this 25th day of February, 2005, by Xxxxxx X. Xxxxx, the Director of Facilities of MERRIMACK SERVICES CORPORATION, a corporation on behalf of said corporation.
| /s/ Xxxxxxx X. Xxxxxxx |
| NOTARY PUBLIC |
