1
EXHIBIT 10.9.1
000 XXXXX XXXXXXXXXXX XXXXXXXX
Xxxxxxxxxx, Xxxxx Xxxxxxxx
STATE OF SOUTH CAROLINA
FIRST AMENDMENT TO LEASE
COUNTY OF GREENVILLE
THIS AMENDMENT made this 7th day of July 1998, between XXXXXX XXXXXXX
COMPANIES, INC., herein call the "Lessor" and HOMEADD FINANCIAL CORPORATION,
hereinafter call "Lessee".
W I T N E S S E T H :
WHEREAS, by Lease Agreement dated July 28, 1997, the Lessor did lease
and demise those certain premises, therein more particularly described as Suite
205 in the 850 Building at 000 X. Xxxxxxxxxxxx Xxxxx in the City and County of
Greenville, South Carolina and upon the terms and conditions as set forth
therein; and
WHEREAS, Lessee desires additional office space in the Building and
Lessor desires to accommodate this need for additional office space.
NOW THEREFORE, it is agreed between the parties as follows:
1. Lessee's Demised Premises, Suite 205, shall be expanded from 3,226
Rentable Square Feet to a total of 4,607 Rentable Square Feet (See
Exhibit "A" attached hereto for location of the Premises).
2. Lessor agrees to make the improvements to the additional 1,381 Rentable
Square Feet, in accordance with Exhibit "B", at a total cost of $23,275
Lessee agrees to reimburse Lessor for $6,280.61 of these costs upon
completion of the work and within fifteen (15) days of invoice by
Lessor.
3. The Base Rent schedule, Exhibit "B" of the Lease Agreement is amended as
follows, effective with the Lessee's occupancy of the expended Premises:
Lessee agrees to pay Lessor the following rent:
EXPANSION SPACE EXISTING SPACE TOTAL
MONTHS RENT/SF/YR XX.XXXX RENT/SF/YR MO. RENT MONTHLY RENT
1-11 $ 0 $ 0 $15.50 $4,166.92 $4,166.92
12-24 $15.50 $1,783.79 $15.50 $4,166.92 $5,950.71
25-36 $15.50 $1,783.79 $15.50 $4,166.92 $5,950.71
37-48 * * * * *
49-60 * * * * *
Increased by Prior year's Income in Consumer Price Index (All Urban
Consumer)
4. Rent for the "expansion space", 1,381 Rentable Square Feet, shall begin
upon Substantial Completion of the Improvements. Lessor estimates that
the Substantial Completion Date will be August 1, 1998.
Should Lessee's date of occupancy of the expanded space be other than
the first day of the month, then Lessee's monthly Base Rent for that month shall
be calculated according to the days Lessee occupied the "existing" 3,226
Rentable Square Feet and the days Lessee occupied the "expanded space.
2
It is mutually understood and agreed that the Lease Agreement dated July
28, 1997, between the parties shall be and remain in full force and effect and
unmodified, except as specifically modified and amended by this First Amendment
to Lease. All covenants, terms, obligations, and conditions of said Lease, not
modified by this Amendment are hereby ratified and confirmed.
IN WITNESS WHEREOF, the Lessor and Lessee, by their duly authorized
officers, have hereunto set their hands and seals the day and year first written
above.
LESSOR: XXXXXX XXXXXXX
COMPANIES, INC.
/s/ Xxxx X. Fort By: /s/ Xxxxxxx Xxxxx
------------------------------ -------------------------
Witness
/s/ Xxxx Xxxxx Its: President
------------------------------
Date: July 14, 1998
Lessee: HOMEADD FINANCIAL
CORPORATION
/s/ Xxxx Xxxxxxxxxxx By: /s/ Xxxxxxx X. Xxxxxx
------------------------------ -------------------------
Witness
Its: President
/s/ Xxxxxxx X. Xxxxxxxx, Xx.
------------------------------
Witness Date: July 7, 1998
