LADOKK REALTY COMPANY
00 Xxxxx Xxxxx
Xxxxxxxxx, Xxx Xxxx 00000
February 1, 1996
Hauppauge Computer Works, Inc.
00 Xxxxx Xxxxx
Xxxxxxxxx, Xxx Xxxx 00000
Re: Modification to Lease Dated February 7, 1990 ("Lease") by and between
Ladokk Realty Company ("Landlord") and Hauppauge Computer Works,
Inc. ("Tenant")
Gentlemen:
This letter will confirm that as of the date hereof, the terms of the
Lease are hereby modified as follows:
1. The Lease has been renegotiated to a term of ten years beginning
February 1, 1996 and ending January 31, 2006.
2. Tenant is given an option to extend the Lease for an additional
three years (the "Option Period"); provided Tenant is not in
default of the Lease at the time it exercises this option; and
provided written notice of the exercise of such option is given
by Tenant to Landlord no later than July 31, 2005.
3. During the Option Period the annual rental shall increase at the
rate of 5% per annum over the rent of the previous year,
including that for the first year of the Option Period for which
such increase shall be 5% over the year ended January 31, 2006.
All other terms of the Lease shall be applicable to the Option
Period.
Except as modified herein, all terms and conditions of the Lease shall
continue in full force and effect.
Very truly yours,
LADOKK REALTY COMPANY
By: /s/ XXXXXXX XXXXXXXX
_____________________________
XXXXXXX XXXXXXXX
CONSENTED TO:
Hauppauge Computer Works, Inc.
By: /s/
_________________________
