Exhibit 10.11
AMENDMENT TO LEASE
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LANDLORD : INDUSTRIAL DEVELOPMENT GROUP
TENANT : DISCAS, INC. and DISCAS RECYCLED
PRODUCTS CORP.
DATE OF LEASE : MAY 17, 1993
PREMISES : 3,728 SQUARE FEET OF SPACE AT 000-0 XXXXX
XXXXXXX XXXXXX, XXXXXXXXX,
XXXXXXXXXXX
W I T N E S S E T H:
WHEREAS, the above-named parties are all the parties to the
above-named Lease, and
WHEREAS, Tenant desires to extend the term of the Option Period of
said Lease,
NOW THEREFORE, the parties do hereby agree that the Lease shall be
amended as follows:
Sections 2.4 and 3.1 B shall be deleted in their entirely and the
following inserted in place thereof:
2.4 The Tenant shall have the option to renew its Lease for an
additional six (6) year and ten (10) month period commencing January 1, 1999
and ending October 31, 2005 upon the same terms and conditions, except for the
basic annual rent which shall be computed as set forth in paragraph 3.1 B
herein. Tenant shall exercise said option by giving the Landlord notice of its
intention to do so by certified mail, return receipt requested, no later than
July 1, 1998.
3.1 B. i. During the Option Period of January 1, 1999 to
December 31, 1999, an annual rental of $19,572.00,
payable in monthly installments of $1,631.00, in
advance, on the first day of each month during said
period;
ii. During the Option Period of January 1, 2000 to
December 31, 2000 an annual rental of $19,572.00,
payable in equal monthly installments of $1,631.00,
in advance on the first day of each month during said
period;
iii. During the Option Period of January 1, 2001 to
December 31, 2001 an annual rental of $20,504.00,
payable in equal monthly installments of $1,708.67,
in advance on the first day of each month during said
period;
iv. During the Option Period of January 1, 2002 to
December 31, 2002 an annual rental of $20,504.00,
payable in equal monthly installments of $1,708.67,
in advance on the first day of each month during said
period;
v. During the Option Period of January 1, 2003 to
December 31, 2003 an annual rental of $21,436.00,
payable in equal monthly installments of $1,786.33,
in advance on the first day of each month during said
period;
vi. During the Option Period of January 1, 2004 to
December 31, 2004 an annual rental of $21,436.00,
payable in equal monthly installments of $1,786.33,
in advance on the first day of each month during said
period;
vii. During the Option Period of January 1, 2005 to
October 31, 2005 an annual rental of $18,640.00,
payable in equal monthly installments of $1,864.00,
in advance on the first day of each month during said
period;
IN ALL OTHER RESPECTS, the terms and conditions of the Lease are
hereby ratified and
affirmed.
IN WITNESS WHEREOF, the parties hereto have hereunto set their hands
and seals, and to a duplicate of the same tenor and date this 22 day of
September, 1995. Signed sealed and delivered in the presence of
INDUSTRIAL DEVELOPMENT GROUP
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Its Partner
DISCAS, INC. Corp.
By: /s/ Xxxxxxx X. XxXxxxx, Xx.
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Its President
DISCAS RECYCLED PRODUCTS CORP.
By: /s/ Xxxxxxx X. XxXxxxx, Xx.
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Its President
STATE OF CONNECTICUT)
)ss: Waterbury
COUNTY OF NEW HAVEN)
On this the 22nd day of September, 1995, before me, the undersigned
officer, personally appeared, Xxxxxxx X. Xxxxxx, known to me (or satisfactorily
proven) to be the person whose name is subscribed to the within instrument and
acknowledged that he executed the same for the purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand.
illegible
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Notary Public
Commissioner, Superior CT.
STATE OF CONNECTICUT )
) ss: Waterbury
COUNTY OF NEW HAVEN )
On this day the 20th day of September, 1995, before me, the
undersigned officer, personally appeared, Xxxxxxx X. XxXxxxx, Xx. who
acknowledged himself to be the President of Discas, Inc., a
corporation, and that he as such officer, being authorized so to do, executed
the foregoing instrument for the purposes therein contained, by signing the
name of the corporation by himself as such officer.
IN WITNESS WHEREOF, I hereunto set my hand.
illegible
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Notary Public
Commissioner, Superior CT.
STATE OF CONNECTICUT )
) ss: Waterbury
COUNTY OF NEW HAVEN )
On this day the 20th day of September, 1995, before me, the
undersigned officer, personally appeared, Xxxxxxx X. XxXxxxx, Xx. who
acknowledged himself to be the President of Discas Recycled Products Corp., a
corporation, and that he as such officer, being authorized so to do, executed
the foregoing instrument for the purposes therein contained, by signing the
name of the corporation by himself as such officer.
IN WITNESS WHEREOF, I hereunto set my hand.
illegible
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Notary Public
Commissioner, Superior CT.
