EXHIBIT 10.35
AMENDMENT TO
SALE-LEASEBACK AGREEMENT
THIS AMENDMENT TO SALE-LEASEBACK AGREEMENT (this "Amendment") is made as
of December 31, 2001, by and between CFK Realty Partners, LLC, an Illinois
limited liability company ("Buyer"), whose address is 00 Xxxxx Xxxxxx Xxxxx,
Xxxxx 0000, Xxxxxxx, Xxxxxxxx 00000, and Mercury Air Group, Inc., a Delaware
corporation (the "Seller"), whose address is 0000 XxXxxxxxx Xxxxxx, Xxx
Xxxxxxx, Xxxxxxxxxx 00000.
WHEREAS, Buyer and Seller entered into a certain Sale-Leaseback Agreement,
dated December 15, 2001 (the "Agreement"); and
WHEREAS, Buyer and Seller desire to amend the Agreement, pursuant to the
terms hereof;
NOW, THEREFORE, in consideration of the premises and the mutual covenants
and provisions hereof, the parties agree as follows:
1. The second sentence of Section 3 of the Agreement is hereby amended
to provide as follows:
The Purchase Price shall be paid at Closing as follows: (i) up to
$3,200,000 in cash, and (ii) the remainder in the form of a recourse,
unsecured promissory note bearing interest at the rate of 5% per annum,
with principal and interest payable one year from the date of Closing.
2. All other terms, conditions and provisions of the Agreement shall
remain unmodified and in full force and effect.
[SIGNATURE PAGE FOLLOWS]
IN WITNESS WHEREOF, Seller and Buyer have entered into this Agreement as of
the date first above written.
BUYER:
CFK Realty Partners, LLC, an Illinois
limited liability company
By: _________________________________
SELLER:
Mercury Air Group, Inc., a Delaware
corporation
By: _________________________________
Name:
Title:
