1
EXHIBIT 10.11
AMENDMENT NO. 1 - LEASE - SUITE 000, 0000 00XX XXXXXX
XXXXXXX, XXXXXXXX
0
VECTRA BANK Vectra Bank of Boulder
0000 Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
(000) 000-0000
Fax (000) 000-0000
July 25, 1995
Xx. Xxxxx X. Xxxxx
Managing General Partner
Colorado Building Group
0000 00xx Xxxxxx, Xxxxx 000
Xxxxxxx, XX 00000
RE: Extension of Lease Dated June 1, 1982 on Suite 111, approximately 531
square feet.
Xxxxx,
Please let this letter serve as our formal notification to you of the
exercise of our option to renew the above referenced Lease for one additional
term of five (5) years. The period of that term will be from October 1, 1995 to
October 1, 2000.
I would appreciate your confirmation of this extension period. Please
sign below acknowledging and accepting this extension period and return a
signed copy of this letter to me. Thank you for your assistance.
Sincerely,
/s/ J. Xxxxxxx XxXxxx
J. Xxxxxxx XxXxxx, President and Chief Executive Officer
Acknowledged and Accepted
the 25th day of July, 1995.
/s/ Xxxxx X. Xxxxx
------------------
Xxxxx X. Xxxxx
10.11-1
3
colorado building group
vectra bank building, suite 000
0000 00xx Xxxxxx
xxxxxxx, xxxxxxxx 00000
telephone 000-0000
facsimile 440-0640
ADDENDUM TO LEASE DATED SEPTEMBER 5, 1995
BETWEEN VECTRA BANK AND COLORADO BUILDING GROUP
1. Colorado Building Group will provide $3,000 toward remodeling, to be
paid upon receiving lien waivers.
2. Lessee shall have the option to review this lease, upon 60 day written
notice to Lessor prior to the then current lease term, for one five
(5) year term and two six (6) year terms. The base rent during each
year of this option period shall be the base rent applicable as of the
commencement of each option period increased or decreased, as the case
may be, by the Consumer Price Index, U.S. Dept. of Labor, U.S. All
Urban Consumers. Anniversary date of this lease will be October 1, to
correspond to Vectra's main lease.
10.11-2
