EXHIBIT 10.12
EXTENSION OF LEASE
COME NOW the Xxxxx Family Limited Partnership, L.P., by and through
Xxxxxxx X. Xxxxx, General Partner, and eAcceleration Corporation, by and through
Xxxxxxx Xxxxxxx, CEO, to agree as follows:
1. The parties entered into a lease for the term of February 1, 2000
through January 31, 2004;
2. eAcceleration is presently current in its lease obligations and
not in default in any way;
3. The current lease ends January 31, 2004. However, eAcceleration
has the option to renew the lease for an additional three-year term, under the
same terms and conditions, except for rent;
4. eAcceleration wishes to exercise its three-year option to renew.
The lease extension run from February 1, 2004 through January 31, 2007;
5. All terms and conditions of the February 1, 2000 lease shall
remain in full force and effect except the rent, which shall be as follows:
A. February 1, 2004 through January 31, 2005, $9,260 per month;
B. February 1, 2005 through January 31, 2006, $9,260 per month;
C. February 1, 2006 through January 31, 2007, $9,510 per month
6. Section 5(a)(I)(2)(A)(vi) shall be amended to read as follows:
(vi) Base Service Year shall be 2003.
7. In all other respects the February 1, 2000 lease shall remain in
full force and effect.
DATED this 29 day of September 2003.
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XXXXX FAMILY LIMITED PARTNERSHIP, L.P. eACCELERATION CORPORATION
/s/ Xxxxxxx X. Xxxxx /s/ Xxxxxxx Xxxxxxx
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XXXXXXX X. XXXXX, General Partner XXXXXXX XXXXXXX, CEO
STATE OF WASHINGTON )
) ss.
COUNTY OF KITSAP )
I certify that I know or have satisfactory evidence that XXXXXXX X.
XXXXX is the person who appeared before me, and said person acknowledged that he
signed this instrument, on oath stated that he was authorized to execute the
instrument, and acknowledged it as the Manager of Xxxxx Family Limited
Partnership, L.P. to be the free and voluntary act of such party for the uses
and purposes therein mentioned.
Dated: September 29, 2003
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Signature of
Notary Public /s/ Rynn Xxx Xxxxxx
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Rynn Xxx Xxxxxx
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(printed name of Notary Public)
My appointment expires 2-19-07
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STATE OF WASHINGTON )
) ss.
COUNTY OF KITSAP )
I certify that I know or have satisfactory evidence that XXXXXXX
XXXXXXX is the person who appeared before me, and said person acknowledged that
he signed this instrument, on oath stated that he was authorized to execute the
instrument, and acknowledged it as the CEO of eAcceleration to be the free and
voluntary act of such party for the uses and purposes therein mentioned.
Dated: 11-19-03
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Signature of
Notary Public /s/ Xxxxxx Xxxx Xxxxx
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Xxxxxx Xxxx Xxxxx
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(printed name of Notary Public)
My appointment expires 5-11-04
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