AMENDMENT NO. 1
TO
LEASE
BY AND BETWEEN
XXXX INDUSTRIES INCORPORATED
AND
XXXX MEDIA CORPORATION
This Amendment No. 1 to Lease (this "Amendment No. 1") is made
and entered into as of July 15, 1997 by and between Xxxx Industries
Incorporated, an Oregon corporation ("Landlord"), and Xxxx Media Corporation, an
Oregon corporation ("Tenant"), for the purpose of amending and modifying that
certain Lease dated November 12, 1996 by and between Landlord and Tenant (The
"Lease").
NOW THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant
agree as follows:
1. The first sentence of Section 4.1 of the Lease is hereby
amended to read as follows:
"Tenant shall pay to Landlord as rent for the Premises equal
monthly installments of $14,258."
2. Section 4.4 of the Lease is hereby amended in its
entirety to read as follows:
"4.4 TENANT IMPROVEMENTS. Tenant shall be responsible for a
total of $290,041 of tenant improvements in connection with
the renovation of the Premises."
3. As amended hereby, the Lease remains in full force and
effect.
IN WITNESS WHEREOF, Landlord and Tenant have executed this
Amendment No. 1 as of the date first written above.
"LANDLORD" "TENANT"
XXXX INDUSTRIES INCORPORATED XXXX MEDIA CORPORATION
By /s/ Xxxxx X. Xxxx By /s/ Xxxxx X. Xxxx
------------------------- -------------------------
Xxxxx X. Xxxx, President Xxxxx X. Xxxx, President
and Chief Executive Officer
