EXHIBIT 10.14.2
AMENDMENT TO BALTIA AIRLINES, INC
WILLOW RUN AIRPORT LEASE
This Amendment is made and entered into this 1st day of February, 2013,
between
the XXXXX COUNTY AIRPORT AUTHORITY, a Michigan Public Body Corporate,
with principal offices located at Detroit Metropolitan Xxxxx County
Airport,
X. X. Xxxxx Building-Mezzanine, Detroit, Michigan 48242, hereafter
referred
to as the "AUTHORITY",
and
BALTIA AIR LINES, INC., a New York Corporation,
with principal offices located at Xxxx X. Xxxxxxx International
Airport ,
Building 151 , Room 361 , Xxxxxxx, Xxx Xxxx 00000, hereafter
referred to
as the "TENANT". The AUTHORITY and the TENANT may be referred to
hereafter
individually as a "Party" or collectively as the "Parties".
WHEREAS, pursuant to the Michigan Public Airport Authority Act, MCL
259.1 08 -259.125c, the AUTHORITY has sole operational jurisdiction
of
Willow Run Airport (hereinafter the "Airport") located in Ypsilanti,
Michigan; and
WHEREAS, the AUTHORITY has the authority to lease premises and
facilities
at the Airport and to grant rights and privileges with respect
thereto; and
WHEREAS, on November 1, 2012, the Parties entered into a Lease
Agreement
(the "Lease Agreement"), whereby the TENANT leases certain space at
the
Airport, as depicted on Exhibit A to the Lease Agreement; and
WHEREAS, the Parties now desire to amend the Lease Agreement for the
purpose of adding additional leased space, as depicted on revised
Exhibit
A, attached hereto, and increasing the amount of rental and security
deposit paid by the TENANT to correspond with the dditional leased
space.
NOW, THEREFORE, in consideration of the premises and mutual
understanding
of the Parties, it is hereby agreed to as follows:
1. Paragraph 1.1 of the Lease Agreement is amended to read as
follows:
The AUTHORITY, for and in consideration of the RENT (hereinafter
defined)
specified herein and the stipulations and covenants herein given on
the
part of the TENANT, grants, demises and leases to the TENANT, for
the
TENANT's use, and the TENANT hires and takes from the AUTHORITY the
following
premises, hereafter referred to collectively as the "Premises",
located at
the Airport:
Xxxxxx 0, Xxx 0, Xxxxxx Xxxxx comprising of One Thousand Eight
Hundred Six
'(1 ,806) square feet of second floor office space, as designated on
revised
Exhibit A, attached hereto and incorporated by reference as if fully
set
forth herein.
The TENANT agrees that it has thoroughly inspected the Premises and
it is
'familiar with any and all conditions on, around and/or affecting
the
Premises. The AUTHORITY makes no warranties or representations about
the
condition, fitness, or safety of the Premises or any part thereof,
and the
TENANT accepts the same "as is" on the commencement date hereof.
2. Paragraph 1.4 of the Lease Agreement is amended to read as
follows:
In consideration for the TENANT's use of the Premises, the TENANT
shall
pay to the AUTHORITY during the TERM of this LEASE, the following
rentals:
Xxxxxx 0, Xxx 0, Xxxxxx Xxxxx: For One Thousand Eight Hundred Six (1
,806)
square feet at the annual rate of $6.00 per square foot, the TENANT
shall
pay monthly installments of Nine Hundred Three Dollars ($903.00).
3. In accordance with Paragraph 1.5 of the Lease Agreement, the
TENANT
shall deposit with the AUTHORITY a security deposit in an amount
equal
to one (1) month of RENT. The TENANT currently has a security
deposit
with the AUTHORITY in the amount of Five Hundred Four Dollars
($504.00);
accordingly, upon execution of this Amendment, the TENANT shall
deposit
with the AUTHORITY the additional amount of Three Hundred
Ninety-Nine Dollars
$399.00), and thereafter shall maintain at all times a security
deposit equal
to one (1) month of RENT.
4. Exhibit A of the Lease Agreement shall be deleted and replaced
with
revised Exhibit A.
5. Except as amended herein, all terms and conditions of the Lease
Agreement
shall remain and continue in full force and effect.
[Signature Page Follows]
The Parties have duly executed this Amendment on their behalves as
of the
day and year first above written.
XXXXX COUNTY AIRPORT AUTHORITY
By__(signature)_______________________
Xxxxxxxx X. Xxxxxx
Chief Financial fficer
BALTIA AIR LINES, INC.
By___(signature)______________
Igor Dmitrowsky
President and CEO
106309
APPROVED AS TO FORM:
BY ______________________
GENERAL COUNSEL
XXXXX COUNTY AIRPORT AUTHORITY
DATED: 2/6/13
Exhibit A
Revised
504 SF. 504 SF. 504 SF. 294 SF.
Office Office Office Office
4225 4224 4223 4222
Bay4 Mezzanine
Baltia Airlines, Inc. Willow Run Airport
Exhibit X{Xxxxxx 0 Xxx 0, 0xx xxxxx Xxxxxxxxx)
X.X.X. Feb. 1, 2013
