AMENDMENT TO INDUSTRIAL REAL ESTATE LEASE
AMENDMENT
TO INDUSTRIAL REAL ESTATE LEASE
This
Amendment shall pertain to that
certain Industrial Real Estate Lease dated May 1, 1990 executed as between
XXXXXX XXXXXX(“LANDLORD”) and MODTECH HOLDINGS, INC., a Delaware
Corporation(“TENANT”). The parties hereto hereby expressly acknowledge that good
and valuable consideration has been mutually given and received in exchange
for
their consent to the amendments contained herein.
This
Amendment shall specifically
supersede and amend all conflicting terms set forth within the above-referenced
Lease, the terms and conditions of which are hereby incorporated by this
reference. All other terms and conditions of said Lease shall remain in full
force and affect, except as specifically agreed to and modified
herein.
Section
1.04 in amended such that the
only property hereafter being leased is as follows: that certain group of
Parcels 8, 9, 10 and 11 on the Parcel map attached hereto as Exhibit “A”, which
have been circled and marked collectively Parcel “2”.
Section
1.12 is hereby amended such
that BASE RENT shall be at the rate of $700.00 per acre of property leased
hereby.
Said
amendments are hereby agreed to as
of the date of execution of this document, with the operative date of the
change
in rental property description and rental rate being the first day of January,
2006. It is anticipated that the parties may agree in writing to a further
extension of said effective date, but that in no event shall the extended
operative date extend beyond February 1, 2006.
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Dated:
11/1/05
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"LANDLORD"
By: /s/ Xxxxxx Xxxxxx
Xxxxxx Xxxxxx
"TENANT"
MODTECH HOLDINGS, INC., a
Delaware Corporation
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Dated:
11/28/05
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By:
/s/ Xxxxxx X. Xxxxxxx
Its:
CFO
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