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STATE OF GEORGIA EXHIBIT 10.32.3
COUNTY OF GWINNETT
FOURTH AMENDMENT TO LEASE AGREEMENT
THIS FOURTH AMENDMENT TO LEASE AGREEMENT (the "Fourth Amendment") is
made as of this 21st day of December, 2000, by and between 1998 AUGUSTUS
PARTNERS, L. P. (hereinafter referred to as "Landlord") and FULL LINE
DISTRIBUTORS, FKA L.A.T. SPORTSWEAR, INC. (hereinafter referred to as "Tenant").
W I T N E S S E T H:
WHEREAS, Landlord and Tenant have previously entered into a Lease
Agreement (the "Lease") dated October 17, 1994; First Amendment to Lease dated
May 26, 1995; and Second Amendment to Lease Agreement dated July 15, 1999; Third
Amendment to Lease Agreement dated November 16, 1999, covering premises
consisting of 70,000 square feet of office/warehouse space located at 0000
Xxxxxx Xxxxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxxx Xxxxxx, Xxxxxxx (the "Premises"),
which Lease is fully incorporated herein and made a part hereof by reference;
and
WHEREAS, Landlord and Tenant have mutually agreed to amend the Lease to
provide that the term of the Lease shall be more specifically and accurately
stated:
NOW, THEREFORE, in consideration of the foregoing premises and the
mutual covenants and agreements recited hereinafter, it is agreed as follows:
1.
Terms used herein which are defined in the Lease shall have the same
meaning ascribed to them in the Lease.
2.
Article 2 of the Lease, "Term", shall be amended to provide that the
term of the Lease shall be extended for three (3) years commencing on January 1,
2001 and expiring on December 31, 2004.
3.
Landlord shall cause improvements according to the attached proposal.
Landlord shall pay $50,000.00 of the $61,359.00 improvements. Contractor(s)
shall xxxx the Landlord directly for $50,000.00 of the improvements. Tenant
shall pay the difference of $11,359.00 of the attached improvements.
4.
Article 3 of the Lease "Rental" shall be amended to provide for monthly
rental as follows:
March 1, 2001 thru December 31, 2001 - $17,820
January 1, 2002 thru December 31,2004 - $18,870
The above amounts are payable promptly on the first day of each month,
in advance, commencing on March 1, 2001.
5.
Tenant shall have a first right of refusal for the adjoining space(s).
Landlord agrees to notify Tenant of the upcoming vacancy and also at time the
space becomes available Tenant shall notify Landlord of his intent to Lease the
space within Ten (10) working days of the notification.
6.
Except as modified hereby, all terms and conditions of the Lease shall
continue in full force and effect, and Landlord and Tenant hereby ratify and
confirm the Lease, as amended hereby. As of the date of this Fourth Amendment;
Landlord and Tenant acknowledge each to the other that, to the best of their
knowledge, no default exists under the Lease.
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7.
This Fourth Amendment to Lease shall bind and inure to the benefit of
Landlord and Tenant and their respective permitted successors and assigns under
the Lease.
8.
This Fourth Amendment is a Georgia contract and shall be interpreted,
construed and enforced under the laws of the State of Georgia.
IN WITNESS WHEREOF, Landlord and Tenant have executed this Fourth
Amendment to Lease Agreement under seal as of the date first above written.
Signed, sealed and delivered as to Landlord on this LANDLORD:
19 day of January , 2001, 1998 AUGUSTUS PARTNERS, L.P.
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in the presence of: BY: 1998 WINSTON MANAGEMENT COMPANY, LLC,
GENERAL PARTNER
/s/ Xxxxx Xxxxxxx By: /s/ Xxxx X. Xxxxxx
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Witness Xxxx X. Xxxxxx, Member
/s/ Xxxxxx X. Xxxxxxx
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Notary Public By: /s/ Xxxxxxx X. Xxxxxx
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Commission Expires: August 31, 2002 Xxxxxxx X. Xxxxxx, Member
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Date Signed: 1-19-2001
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Signed, sealed and delivered as to Tenant on this TENANT:
17th day of January , 2001, FULL LINE DISTRIBUTORS, FKA
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in the presence of: L.A.T. SPORTSWEAR, INC.
/s/ Xxxxxxx X. Xxxxxxx By: /s/ Xxxx Xxxxxx-XxXxxxx
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Witness
/s/ Xxxxxx X. Xxxxxxx Title: Exec. V.P. Ops
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Notary Public
Commission Expires: February 27, 2004 (Corporate Seal)
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Date Signed: January 17, 2001
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