EXHIBIT 10.29
TERMINATION OF LEASE
WHEREAS, by that certain written Lease Agreement dated the 21st day of
November, 1996("Lease"), Vantage Houston, Inc. as agent for Greenbriar Holdings
Houston, Ltd., as Lessor, leased to MLC Enterprises, Inc. d.b.a. Marine and
Industrial Supply, as Lessee, approximately 3,915 square feet of space located
at 0000 Xxxxx Xxxxxxxx, Xxxxx 000, Xxxxxxx, Xxxxx 77041("leased premises")
WHEREAS, Lessee is desirous of terminating its obligations under the
Lease.
NOW, THEREFORE, for and in consideration of the promises herein
contained it is herewith agreed that Lessee shall be released from all liability
under the Lease, and the Lease shall be canceled and of no further force and
effect, as of Midnight, November 19th, 1998 upon payment by Lessee in the amount
of $1,570.00, to be paid upon execution of this document. Lessee waives all
claim to any monies previously paid to Lessor, including security deposit of
$1,570.00.
EXECUTED THIS 18TH DAY OF NOVEMBER, 1998.
LESSOR:
Vantage Houston, Inc. as Agent for
Greenbriar Holdings Houston, Ltd.
By:
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Xxxxxxx Xxxx
Title: Executive Vice President
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LESSEE:
MLC Enterprises, Inc. d.b.a. Marine and
Industrial Supply
By: /s/ Xxxxxxx X. Xxxxxx
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Title: President
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