Exhibit 10.26
FIRST AMENDMENT TO LEASE AGREEMENT
THIS FIRST AMENDMENT TO LEASE AGREEMENT (this "First Amendment") is made
and entered into effective as of the 15th day of January, 2009, by and between
CLAY REAL ESTATE DEVELOPMENT, L.P., a Texas limited partnership (hereinafter
referred to as "Landlord") and ENGLOBAL CORPORATE SERVICES, INC., a Texas
Corporation (hereinafter referred to as "Tenant").
WITNESSETH:
WHEREAS, Landlord, as Landlord, and Tenant, as Tenant therein, are parties to
that certain Lease, dated February 28, 2008, for the Building and Land located
at 0000 Xxxxxxxxx Xxxx., Xxxxxxxx, Xxxxx 00000 (the "Lease"): and
WHEREAS. Tenant and Landlord have agreed to amortize the cost of Change Orders
1-8 totaling $138,708.00 (collectively, the "Change Order"), over the term of
the Lease: and
WHEREAS. Landlord and Tenant hereby desire to amend the Lease as more
specifically set forth herein.
NOW, THEREFORE, for and in consideration of the mutual premises herein
contained, and the sum of TEN AND NO/100 DOLLARS ($10.00) and other good and
valuable consideration given and received by both Landlord and Tenant, the
receipt and sufficiency of which is hereby acknowledged and confessed by both
Landlord and Tenant, Landlord and Tenant hereby amend, modify, extend and
supplement the Lease as follows:
1. Effective as of the date of this First Amendment. Section 1.F of the
Lease shall be deleted in its entirety and the following substituted
in its place:
F. Base Rent (Annual per S.F. and Monthly $).
Annual Base Rent Monthly Rase Rent
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(as a dollar amount per (as a dollar amount)
square foot/per year of
Floor Area in the Leased
Premises)
Period
(i) Commencement $14.14 $61,890.00
Date thru the 120th full calendar
month following the Commencement
Date
2. All capitalized terms not otherwise defined herein shall have the
meanings given to such terms in the Lease.
3. Except as hereby amended, the terms and conditions of the Lease are
ratified and affirmed in all respects.
4. This First Amendment may be executed in multiple counterparts, each of
which shall be declared an original.
IN WITNESS THEREOF, the undersigned has caused this First Amendment to
Lease to be duly executed to be effective as of the date first set forth above.
LANDLORD:
CLAY REAL ESTATE DEVELOPMENT, L.P.,
a Texas limited partnership
By: Clay Real Estate Development GP,
LLC, a Texas limited liability
company, its general partner
By: /s/ Xxxxxx X. Xxxx
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Xxxxxx X. Xxxx, III, President
TENANT:
ENGLOBAL CORPORATE SERVICES, INC.
By: /s/ Xxxxxxx X. Xxxxxx
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Name: Xxxxxxx X. Xxxxxx
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Title: CEO
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