MODIFICATION OF LEASE
This is a modification of the original Lease dated October 3, 1996 between
SERVICE REALTY COMPANY ("Landlord") and XXXXXX ELECTRONICS, INC., ("Tenant") the
subject premises located at 00-00 Xxxx Xxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxx.
WHEREAS, on October 3, 1996, the parties entered into the aforementioned
lease which commenced on or about September 1, 1996 and expired on August 31,
2001, hereinafter known as "The Lease", copy of which is attached hereto as
Exhibit A and made a part hereof.
W I T N E S S E T H
That for and in consideration of the terms, covenants and conditions herein
contained, the parties hereto covenant and agree as follows:
WHEREAS, the parties have agreed to extend the dates and amounts of rental
payments during the term of the next five years commencing on Sept. 1, 2001.
Thus the total payments for said years will be as follows:
1st year - $263,952.00 Annually $ 21,966.00/monthly
2nd year - $271,870.56 Annually $ 22,655.88/monthly
3rd year - $280,026.67 Annually $ 23,335.55/monthly
4th year - $288,427.47 Annually $ 24,035.62/monthly
5th year - $297,080.29 Annually $ 24,756.69/monthly
NOW THEREFORE, it is agreed that the terms of the extended Lease are the
same terms as the original Lease, except for the aforementioned payment schedule
and paragraph 3 of the original lease which now establishes Net operating
expenses at 4.50 per foot not including snow plowing.
All other terms and provisions of the Lease shall continue in full force
and effect and unchanged except for the changes set forth herein, which changes
shall be incorporated therein by reference as if the same had been an original
part of the Lease, to be effective as of the date of this agreement.
IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and
seals as of November 8, 2001.
LANDLORD
SERVICE REALTY COMPANY
By:/s/
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a Partner
Date:November 8, 2001
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TENANT
XXXXXX ELECTRONICS, INC.
/s/
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