AMENDMENT TO LEASE AGREEMENT
THIS AMENDMENT TO INDENTURE OF LEASE is hereby made to be effective on
May 1, 1994 by and between CHROMATEX PROPERTIES, INC., a corporation
organized and existing under the laws of the State of Pennsylvania,
hereinafter referred to as the "Lessor" and XXXX, INC., a corporation
organized and existing under the laws of the State of North Carolina,
hereinafter referred to as the "Lessee".
W I T N E S S E T H:
THAT WHEREAS, Lessor and Lessee entered into a Lease Agreement dated
November 1, 1993; and
WHEREAS, Lessor has made certain improvements to the "Premises" as defined
in the original Lease Agreement; and
WHEREAS, Lessee has agreed to increase its rent payment to Lessor for 54
months beginning May 1, 1994 in order to pay Lessor for the improvements
made to the Premises; and
WHEREAS, all other terms of the Lease Agreement dated November 1, 1993
are to remain the same except that Paragraph 2 of the original Lease
Agreement shall be amended to read as provided in this amendment to the
lease agreement.
NOW, THEREFORE, for and in consideration of the Premises and for other
good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the
parties do hereby agree to amend Paragraph 2 of the original Lease
Agreement between Lessor and Lessee dated November 1, 1993 to read as
follows:
2. RENT. Lessee shall pay rent of Sixteen Thousand Forty-one and 67/100
Dollars ($16,041.67) a month to Lessor for the term of this lease. The
first installment of rent shall be paid on the commencement date hereof,
and shall be payable on the 1st day of each month during the term of
this lease. Provided, however that for 54 months beginning May 1, 1994
Lessee shall pay rent of Seventeen Thousand Eight Hundred Thirty-three
and 67/100 Dollars ($17,833.67) to Lessor. In the event Lessee exercises
any one or more of its options to renew the lease, the rent payable for
such option periods shall be the same as provided in the original Lease
Agreement.
IN WITNESS WHEREOF, the parties hereto have executed the Amendment to
the Lease Agreement as of the first day of May, 1994.
CHROMATEX PROPERTIES, INC.
By: (Signature of Xxxxxx X. Xxxxxxxxxxx)
Xxxxxx X. Xxxxxxxxxxx)
Executive Vice President
LESSOR
XXXX, INC.
By (Signature of Xxxxxxxx X. Xxxxx)
(Xxxxxxxx X. Xxxxx)
Vice President and CFO
LESSEE