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MODIFICATION AND RATIFICATION OF LEASE
This Expansion, Modification and Ratification of Lease is made and entered
into, effective the 1st day of May, 1996, between WOODLANDS OFFICE EQUITIES -
'95 LIMITED (Lessor") and CHAMPION COMMUNICATIONS SERVICES, INC. ("Lessee") for
and in consideration of One Dollar ($1.00), and other good and valuable
consideration.
WITNESSETH:
1. Lessor and Lessee hereby confirm and ratify (as modified below) all of the
terms, conditions and covenants in that certain written Lease Agreement
("Lease") between the parties dated November 10, 1994, modified by Modification
and Ratification of Lease dated April 4, 1995 and modified by Modification and
Ratification of Lease dated July 24, 1995, under which Lessee has leased from
Lessor approximately 5,441 square feet of net rentable area in that building
located at 0000 Xxxxxxxxx Xxxxx, Xxxxx 000, Xxx Xxxxxxxxx, Xxxxxxxxxx Xxxxxx,
Xxxxx ("Building").
2. Lessor and Lessee agree that effective April 1, 1996 ("Expansion Area
Effective Date"), the area of the Premises shall be increased by 109 square
feet of net rentable area ("Expansion Area") which Expansion Area is outlined
on attached Exhibit "A", changing the size of the Premises to 5,550 square feet
of net rentable area.
3. Lessor and Lessee agree that, effective on the Expansion Area Effective
Date, the Base Rent, as set out in Section 5 of the Lease Agreement, shall be
as follows:
Period Monthly Base Rent
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April 1, 1996 through November 30, 1997 $5,044.00 per month
December 1, 1997 through December 31, 1999 $5,162.08 per month
4. Lessor agrees to provide Lessee with $600.00 toward the cost of improvements
to the Expansion Space.
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Signed this the 1st day of May, 1996, at The Woodlands, Texas.
LESSEE: LESSOR
CHAMPION COMMUNICATIONS SERVICES, WOODLANDS OFFICE EQUITIES-'95
INC. LIMITED, By: The Woodlands Office
Equities, Inc., Its General
Partner
BY: /s/ XXXXX X. XXXXXX BY: /s/ XXXX X. XXXXXX
----------------------------- -------------------------------
NAME: Xxxxx X. Xxxxxx NAME: Xxxx X. Xxxxxx
--------------------------- -----------------------------
TITLE: President TITLE: Vice President/
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Investment Properties
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[MAP OF THE WOODSTEAD BUILDING THIRD FLOOR]
