EXHIBIT 10.6
THIRD AMENDMENT TO STANDARD OFFICE BUILDING
LEASE AGREEMENT
RECITALS:
CLIFFWOOD OIL AND GAS CORPORATION, a Texas corporation ("Tenant") entered
into that certain Standard Office Building Lease Agreement (the "Lease") dated
January 14, 1997 for certain premises located at 000 Xxxxxxx Xxxxxxx Xxxxx,
Xxxxx 000 & 246, Houston, Texas, consisting of approximately 6,727 square feet
of space, with XXXXXX ENTERPRISES TEXAS, INC., which was subsequently assigned
to K/B FUND IV ("Landlord"). The Lease was modified by First Amendment of
Standard Office Building Lease Agreement (hereinafter "First Amendment") on
March 21, 1997. The Lease was modified by Second Amendment of Standard Office
Building Lease Agreement (hereinafter "Second Agreement") on June 1, 1997. The
purpose of this Third Amendment to Standard Office Building Lease Agreement
(hereinafter "Third Amendment") is to expand the Leased Premises. This Third
Amendment made and entered into on this the 7th day of July 1998.
AMENDMENT:
For valuable consideration respectively given, the receipt and sufficiency
of which is hereby acknowledged, Landlord and Tenant do hereby enter this Third
Amendment which amends the Lease as follows:
1. In addition to Tenant's present space Suite 220 & 246 consisting of
approximately 6,727 square feet of space more particularly described on Exhibit
"1", (hereinafter "Existing Space"), Tenant's space shall also include
approximately 870 square feet of space in the adjacent Suite also known as Suite
247, more particularly described on Exhibit "2" (hereinafter "Expansion Space")
attached hereto. Tenant's net rentable area, including the Expansion Space, is
approximately 7,597 square feet.
2. SECTION 2. TERM. This Lease shall commence on September 1, 1998 and
continue in force for twenty-one (21) months, terminating on May 31, 2000.
3. SECTION 4. BASE RENTAL, ADJUSTMENTS AND LATE CHARGES (A). As of September
1, 1998, the Base Rental rates specified in the Lease or the Rent Schedule
contained in any prior Amendments of the Lease are deleted and the following is
substituted in its place:
RENT SCHEDULE
-------------------------------------------------------------------------------
Payment MONTHLY NO. OF AGGREGATE
NO. DUE DATES AMOUNT PAYMENTS AMOUNT
-------------- -------------------- ------------- -------- --------------
1-12 9/1/1998-8/31/1999 $6,743.00 12 $80,916.00
-------------- -------------------- ------------- -------- --------------
13-22 9/1/1999-5/31/2000 $6,786.50 9 $61,078.50
4. SECTION 4. BASE RENTAL, ADJUSTMENTS AND LATE CHARGES (B) shall be
amended to Base Year 1998.
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THIRD AMENDMENT TO STANDARD OFFICE BUILDING LEASE AGREEMENT
5. PARAGRAPH 3. TERMINATION OPTION (B) SECOND OPTION TO TERMINATE (IV) of
the Second Amendment of Standard Office Building Lease Agreement shall be
amended as follows:
(iv) Tenant shall reimburse Landlord at the time of written notification
to terminate the Lease for the unamortized portion of up front costs in
the amount of $6,490.00 plus any up front costs of commission in the
amount of $268.61. Time is the essence in the exercise of such Second
Option, and the time period within which such Second Option may be
exercised shall not be extended or enlarged by Tenant for any reason,
including inability to exercise such Second Option.
6. Tenant accepts the Premises in its "as is" condition without any further
improvements by Landlord.
7. Landlord shall provide Tenant with one (1) additional covered reserved
parking space, for a total of three (3) spaces, at no additional cost to Tenant.
8. SECTION 24. DELIVERY OF NOTICES. Landlord's address is deleted and the
following is substituted in its place:
CB Xxxxxxx Xxxxx, Inc.
0000 XX 0000 Xxxx, Xxxxx 000
Xxxxxxx, Xxxxx 00000
9. ENTIRE AGREEMENT. This Third Amendment sets forth all the convenants,
promises, assurances, agreements, representations, conditions, warranties,
statements, and understandings ("Representations") between the Landlord and
Tenant concerning the Leased Premises, and there are no Representations, either
oral or written, between them other than those in the Lease, First, Second or
this Third Amendment. This Third Amendment supersedes and revokes all previous
negotiations, arrangements, letters of intent, offers to lease, lease proposals,
brochures, Representations, and information conveyed, whether oral or in
writing, between the parties hereto or their respective representatives or any
other person purporting to represent the Landlord or Tenant.
10. LEASE IN FULL FORCE AND EFFECT. All provisions of said Lease not
inconsistent herewith shall remain in full force and effect. Except as
specifically amended by the provisions hereof, the terms and provisions stated
in the Lease shall continue to govern the rights and obligations of the parties
thereunder; and all provisions and covenants of the Lease shall remain in full
force and effect as stated therein, except to the extent specifically amended by
the provisions hereof.
11. DEFINED TERMS. Terms defined in the Lease and delineated herein by initial
capital letters shall have the same meanings ascribed thereto in the Lease,
except to the extent that the
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THIRD AMENDMENT TO STANDARD OFFICE BUILDING LEASE AGREEMENT
meanings of any such term is specifically modified by the provisions hereof. In
addition, other terms not defined in the Lease but defined herein will, when
delineated with initial capital letters, have the meanings ascribed thereto in
this Agreement. Terms and phrases which are not delineated by initial capital
letters shall have the meanings commonly ascribed thereto.
12. EXHIBITS. To the extent indicated above, the following Exhibits are made
part hereto and incorporated herein by reference as fully as if set forth herein
in their entirety:
Exhibit "1" - Diagram of Existing Space
Exhibit "2" - Diagram of Expansion Space
In witness whereof, the parties hereto have executed this Amendment
Agreement as of the date of aforesaid.
LANDLORD
KB FUND IV
BY:____________________________________________________________
Xxxxxx Xxxxxxxxx
Vice President
DATE:___________
TENANT
CLIFFWOOD OIL AND GAS CORPORATION
BY:____________________________________________________________
Xxxxx X. Xxxxxxxxx
President
DATE:___________
