AMENDMENT TO LEASE
THIS AMENDMENT TO LEASE (the "Amendment") is made and entered into by and
between IBIS PLAZA LLC, a New Jersey Limited Liability Company (the "Landlord")
and LASER ENERGETICS, INC. a Corporation of the State of Florida, (the
"Tenant").
INTRODUCTORY STATEMENTS:
A. By lease executed on May 23, 2005 (the "Lease"), Landlord leased to
Tenant and Tenant hired from Landlord certain Premises designated as Suite 700
in the building known as Ibis Plaza North, 0000 Xxxxxxxxxxxx Xxxx, Xxxxxxxx, XX
00000 more particularly described in the Lease.
B. The parties desire to amend the Lease to extend the Term thereof.
C. Terms not specifically defined herein shall have the meanings given to
them in the Lease.
NOW, THEREFORE, in consideration of the foregoing, the parties agree that
the Lease is hereby amended as follows, effective upon execution and delivery of
this Amendment by both parties:
1. Section A.7 of Article I is amended to read as follows: Term: Three (3)
years, commencing on October 1, 2005 and ending on September 30, 2008.
2. In addition Tenant agrees to pay to the Landlord upon signing of this
document a sum of $3,125.00 (three thousand one hundred twenty five dollars) as
a one-time payment for this amendment.
3. Tenant agrees that the Lease is in full force and effect, that no
default by Landlord, or condition which with the giving of notice and expiration
of time could become a default by Landlord, presently exists and that Landlord
has to date performed all of its obligations under the Lease.
4. Except and as amended hereby, the Lease remains in full force and
effect. The parties have executed this Amendment this 2nd day of September,
2005.
WITNESS: IBIS PLAZA LLC
By:
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Xxxxxxxxxxx Xxxxxxx
WITNESS: LASER ENERGETICS, INC.
By: /s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx
