AMENDMENT TO LEASES
Exhibit 10.26
AMENDMENT TO LEASES
This Amendment to Leases (the “Amendment”) is made and entered into as of March 13, 2020, by and between Xxxxxx Island Executive Center, LLC and XXXX XX, LLC (herein “Lessors”) and Xxxxxxxxxxxx.xxx, Inc. (herein “Lessee”). The Lessors and Lessee may be referred to herein collectively as the “Parties” and either one of them may be referred to herein as a “Party”.
WHEREAS, Xxxxxx Island Executive Center and Lessee entered into those certain Lease Agreements dated May 31, 2005 and January 1, 2009, and XXXX XX and Lessee entered into that certain Lease Agreement dated December 13, 2013 (as amended, each a “Lease” and collectively the “Leases”), pursuant to which Lessors leased to Lessee and Lessee leased from Lessors three office buildings on Xxxxxx Island in Charleston, South Carolina; and
WHEREAS, Lessors and Lessee now to desire to amend the Leases.
NOW THEREFORE, in consideration for the following, the Parties agree as follows:
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1. |
Promptly after execution hereof by the Parties, Lessee will make the cash payments to the Lessors set forth on Schedule 1 hereto. |
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In exchange for those payments, Lessors agree that Lessee will not be required to pay rent under the Leases to Lessors for the months set forth on Schedule 1, which represent a significant savings to Lessee. |
*All other provisions of the Lease remain in full force and affect.
SIGNATURE PAGE TO FOLLOW
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By: /s/ Xxxxx Xxxxx |
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Print Name: Xxxxx Xxxxx |
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Its: Managing Director |
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XXXX XX, LLC |
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By: /s/ Xxxxx Xxxxx |
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Print Name: Xxxxx Xxxxx |
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Its: Managing Director |
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Lessee: Xxxxxxxxxxxx.xxx, Inc. |
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By: /s/ Xxxxxxx Xxxx |
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Print Name: Xxxxxxx Xxxx |
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Its: Chief Financial Officer |
