1
EXHIBIT 10.26
January, 1997
Xxxxx Xxxxxxxx
President
The Rockport Company
000 Xxxxxx Xxxxx Xxxxxxxxx
Xxxxxxxx, Xxxxxxxxxxxxx 00000
RE: SECOND AMENDMENT TO LEASE
Dear Angel:
Reference is hereby made to the Lease dated November 1, 1993 between you and
Reebok International Ltd. ("Reebok"), together with the Addendum thereto and the
First Amendment thereto dated October 30, 1995 (the "Lease"). Capitalized terms
used herein without definition shall have the respective meanings set forth in
the Lease. We agree to amend such Lease as follows:
1. The term of the Lease has been extended for an additional period until
the date of the closing of your purchase of the Leased Premises from
Reebok (the "Closing Date").
2. You will pay rent to Reebok for the period from November 1, 1995
through Closing Date at a rate of $5,000 per month, which rent shall
be due and payable to Reebok in full on the date on which the Lease
terminates.
3. You have agreed to purchase from Reebok, and Reebok has
agreed to sell to you, the Leased Premises for a
purchase price of $882,926. The closing of the sale of
the Leased Premises to you by Reebok shall take place
as soon as possible following the satisfaction or
waiver of all conditions to closing (including the
receipt of a Title 5 certificate). As set forth above,
on such date you shall also pay to Reebok the rent due
on the Lease.
2
If the foregoing reflects your agreement, please so indicate by signing
this letter where indicated below.
Very truly yours,
REEBOK INTERNATIONAL LTD.
By: /s/ XXXXXXX XXXXXXXXXX
-------------------------------
Xxxxxxx Watchmaker
Executive Vice President
AGREED TO AND ACCEPTED BY:
By: /s/ XXXXX XXXXXXXX
-------------------------------
Xxxxx Xxxxxxxx
