Exhibit 10.11
SECOND AMENDMENT
TO LEASE DATED MAY 3, 1994
BY AND BETWEEN
XXXX G. B. XXXXXXX, JR. ("LANDLORD")
AND
THE XXXXXXX COMPANY, INC. ("TENANT")
Effective July 1, 1999 this Second Amendment replaces ARTICLE V, Section
5.02, and adds to ARTICLE X, Section 10.02 of the Lease Dated May 3, 1994, by
and between Xxxx G. B. Xxxxxxx, Jr., LANDLORD and The Xxxxxxx Company, Inc.,
TENANT.
Replace Article V, Section 5.02 with the following:
"REAL PROPERTY TAX. TENANT shall reimburse LANDLORD for all real property
taxes and assessments on the Premises in excess of $19,600 due annually."
Add the following to Article X, Section 10.02:
"TENANT shall reimburse LANDLORD for the cost of property insurance on
premises that is in excess of $2,200 annually."
ACCEPTED AND AGREED:
TENANT: THE XXXXXXX COMPANY, INC.,
a North Carolina Corporation
[GRAPHIC OMITTED]
[CORPORATE SEAL] BY: /s/ Xxxxxx X. Xxxxxxxx
-----------------------------
Treasurer
Date: 6-29-99
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ATTEST:
/s/ Xxxxxx X. Xxxxxxx
--------------------------
Asst. Secretary
LANDLORD:
/s/ Xxxx G. B. Xxxxxxx, Jr. (SEAL)
----------------------------
Xxxx G. B. Xxxxxxx, Jr.
Date: 6-30-99
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