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EXHIBIT 10.8
XXXXX PROVO LTD
0000 X. Xxxxxxxxxx Xx.
Xxxx Xxxx Xxxx, Xxxx 00000
(000) 000-0000
May 2, 1996
National Applied Computer Technologies, Inc. (N.A.C.T.)
Wasatch International Network Services, Inc. (W.I.N.S.)
RE: Lease Agreements dated November 1, 1993, December 13, 1993,
October 20, 1994 (2 Leases)
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Gentlemen:
The following presents two alternatives to you for the continued
occupancy of your space beyond the current termination points. The following is
a proposal and does not in any way modify the terms of the written agreements
between the parties unless and until accepted in writing by both parties.
Proposal 1: Upon the expiration of the current terms of the Leases,
Lessee may occupy the space on a month to month basis (with a minimum 60 days
notice before vacating). The following rate of rental per month for the
respected areas will be, to-wit:
N.A.C.T. Spaces $ 13,885.42 per month
W.I.N.S. Space $ 2,112.25 per month
Proposal 2: In lieu of Xxxxxxxx 0, Xxxxxx may determine to occupy the
respective premises for additional time beyond current expiration as follows:
A. Six (6) Months:
N.A.C.T. Spaces $ 13,607.84 per month
W.I.N.S. Space $ 2,112.25 per month
B. Nine (9) Months:
N.A.C.T. Spaces $ 13,329.17 per month
W.I.N.S. Space $ 2,070.83 per month
C. Twelve (12) Months:
N.A.C.T. Spaces $ 13,049.48 per month
W.I.N.S. Space $ 2,029.42 per month
Either proposal, if acceptable, will be governed by the terms of the
leases as presently written, except as modified by the terms of this proposal.
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National Applied Computer Technologies, Inc. (N.A.C.T.)
Wasatch International Network Services, Inc. (W.I.N.S.)
May 2, 1996
Page 2
This proposal is good for ten (10) calendar days from the date hereof.
A mutual acceptance shall be manifested by acknowledging acceptance of the
proposal as indicated below.
XXXXX PROVO, LTD.
By /s/ XXXX X. XXXXXX
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Xxxx X. Xxxxxx, General Partner
Reviewed and accept proposal 1 this 15 day of May, 1996.
National Applied Computer Technologies, Inc.
By /s/ Xxxx X. Xxxx
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Its CFO
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Reviewed and accept proposal 1 this 15 day of May, 1996.
Wasatch International Network Services, Inc.
By /s/ Xxxx X. Xxxx
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Its Treasurer
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