Exhibit 10.10
LEASE MODIFICATION AGREEMENT NO. 5
THIS LEASE EXTENSION AGREEMENT ("Agreement") is made this 31st day of
July, 2000, by and between QPI MULTIPRESS, Inc., an Ohio Corp., with a
mailing address at 000 Xxxxxx Xxxxxx, Xxxxxxxx, XX 00000 ("Lessee") and
XXXXXX COMMERCE PARK LIMITED PARTNERSHIP, with a mailing address at 0000
Xxxxxxxx Xxxxxx, Xxxxxxxx, XX 00000 ("Lessor").
BACKGROUND INFORMATION
A. On or about August 25, 1992, Lessor, as lessor, and Lessee, as
lessee, entered into a lease agreement with respect to approximately
50,839 square feet of commercial space located at 000 Xxxxxx Xxxxxx,
Xxxxx 000, Xxxxxxxx, Xxxx 00000 ("Lease").
B. Pursuant to Article XXVI of the Lease, the parties previously
extended the term of the Lease through June 30, 2000.
C. The parties desire to further extend the term of the Lease in
accordance with the terms of this agreement.
STATEMENT OF AGREEMENT
For and in consideration of the mutual promises and conditions contained
herein, the parties acknowledge the accuracy of the foregoing Background
Information and agree as follows:
1. The term of the Lease, as previously extended, is further extended
for an additional three (3) year term commencing on July 1, 2000
and ending on June 30, 2003.
2. The rental rate shall be $8,473.00 monthly and $305,028.00 for the
Term.
3. Lessor shall install new windowsills or caulk windows, where needed
on the second floor of the offices; fix plumbing in 2nd floor men's
room, including new toilets; repair toilet in 2nd floor ladies
room; paint and carpet hallway from office to shop; paint walls and
ceiling, fix leaking toilets in the factory men's room; replace
light fixtures in print room; repair/replace as needed, lights in
2nd floor open area; paint lunchroom; replace stained ceiling
panels in lobby; furnish a used 10 ton hoist for Lessee
installation.
4. The Lessor or Lessee may terminate this Lease, by giving the other
party written notice no less than one-hundred and eighty days (180)
prior to such termination. Said written notice shall be as provided
in Article XXVI of the Lease.
5. Except as modified by this Agreement, all terms, provisions and
conditions of the Lease shall remain in full force and effect,
including any increases for real estate taxes.
The parties have executed the Agreement as of the day and year indicated
above.
WITNESSES: LESSOR:
Illegible XXXXXX COMMERCE PARK LIMITED PARTNERSHIP
------------------------
Illegible By: Illegible Title Partner
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LESSEE:
Illegible QPI MULTIPRESS, INC.
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Illegible By: Illegible Title: President
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July 27, 2000 Page 1 of 2 - QPI/5
ACKNOWLEDGMENTS
STATE OF OHIO)
)SS:
COUNTY OF FRANKLIN)
BEFORE ME, a Notary Public, in and for said County, personally appeared
Xxxxxx Commerce Park, an Ohio Limited Partnership, Lessor, by a partner,
Xxxxxx Xxxx, who acknowledged that he did sign the foregoing instrument and
that the same is his free act and deed.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal at
Columbus, Ohio this 31 day of July, 2000.
Xxxxxxxxxx X. Xxxxx
-------------------
[SEAL] XXXXXXXXXX X. XXXXX
Notary Public, State of Ohio
My Commission Expires 08-19-2004
STATE OF OHIO)
)SS:
COUNTY OF FRANKLIN)
BEFORE ME, a Notary Public, in and for said County, personally appeared
QPI Multipress, Inc., Lessee, by its President, X. X. Xxxxxxxx, who
acknowledged that he did sign the foregoing instrument and that the same is
his free act and deed.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal at
Columbus, Ohio this 31 day of July, 2000.
Xxxxxxxxxx X. Xxxxx
-------------------
[SEAL] XXXXXXXXXX X. XXXXX
Notary Public, State of Ohio
My Commission Expires 08-19-2004
July 27, 2000 Page 2 of 2 - QPI/5
