LEASE ADDENDUM AND EXTENSION
This lease Addendum and Extension is entered into by and between
Madison Sales Co. No. 2, Inc., Lessor and Neogen Corporation, d/b/a Elisa
Technologies, Lessee
WHEREAS, the parties hereto are parties to a certain Lease
Agreement dated May 19, 1993 (copy of which is attached hereto as Exhibit A),
as amended by letter agreement dated August 25, 1997 and September 2, 1997
(copy of which is attached as Exhibit B), by virtue of a certain assignment
of lease dated April 9, 1998 (copy of which is attached hereto as Exhibit C);
and
WHEREAS, the parties hereto wish to extend the term of said lease
and modify and add to certain provisions contained therein, as set forth
hereinbelow; and
WHEREAS, the parties acknowledge that is to the mutual benefit of
themselves to enter into this modification and extension of lease agreement,
for and in consideration of which the parties hereto hereby agree as follows:
1. Section 2.03 is hereby amended by adding the following language:
The third floor of the premises, consisting of approximately 6,600 square
feet, shall be remodeled, the cost of which shall be the sole responsibility
of Lessee, which cost shall be considered a part of the rent paid by Lessee
in addition to the amount of rent set forth hereinbelow in section 3.01. The
remodeling of the third floor of the premises shall include the installation
of approximately 6,600 square feet of acoustic ceiling three 5 ton air
conditioning and heating; units; insulation of the existing roof, totaling
approximately 6,600 square feet; construction of seven offices, one
conference room, two bathrooms and one utility room; carpeting and vinyl
flooring throughout totaling approximately, 6,600 square feet; updated
electrical service and wiring for telephone and communications; and window
dressings for 33 windows, all pursuant to a drawing accepted and agreed to by
the parties hereto.
2. Section 2.04 (B) Term: The term of this lease shall expire on August 31,
2001.
In the event that Lessee remains in possession of the premises subsequent to
August 31,
2001, this lease shall continue, on a month to month basis, pursuant to the
same terms and conditions set forth in Exhibits A, B, and C.
3. Section 3.01 Amount of Rent: Effective September 1, 1999, and for the
remainder of the lease, Lessee shall pay to Lessor the sum of $8,500.00 per
month and shall pay the cost of remodeling, as set forth in Sect. 2.03,
above.
4. Section 4.03 is hereby adding the following language: The alterations and
remodeling as set forth hereinabove are hereby authorized by Lessor.
Except as herinabove set forth, all terms and conditions of the
aforesaid Lease Agreement, letter agreement and Assignment of Lease shall
remain in full force and effect.
Madison Sales Co. No. 2, Inc., Lessor Neogen Corporation
d/b/a Elisa Technologies, Lessee
By: /s/ Xxxxx Lavton /s/ Xxxxx Xxxxxxx
----------------------- ----------------------------------
Xxxxx Lavton, President Vice President and General Manager
By: /s/ Xxxxxxxx Xxxxxx By:
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Xxxxxxxx Xxxxxx, Secretary Title:
----------------------------
STATE OF KY
COUNT OF FAYETTE
The foregoing was subscribed and acknowledged before me by Xxxxx
Xxxxxxx, the Vice President and General Manager of Neogen Corporation, d/b/a
Elisa Technologies on this 17th day of June, 1999.
My commission expires: 1-11-2002.
/s/ Xxxxxx X. Xxxx
-----------------------------------------
Notary Public, State of Kentucky at Large
STATE OF
--------------------------
COUNTRY OF
-------------------------
The forgoing was subscribed and acknowledged before me by
__________________________________, the ______________________________ of
Neogen Corporation, d/b/a Elisa Technologies on this _________ day of
_________, 1999.
My commission expires: ______________________.
Notary Public, State of Kentucky at Large
STATE OF KENTUCKY
COUNTRY OF MADISON
The foregoing was subscribed and acknowledged before me by Xxxxx
Xxxxxx, President and Xxxxxxxx Xxxxxx, Secretary of Madison Sales Co. No. 2
Inc., to be the free act and deed of said corporation on this 28th day of
July, 1999. My commission expires: 03-31-00
-----------------------------------------
Notary Public, State of Kentucky at Large
PREPARED BY:
BURNAM, THOMPSON, XXXXXX,
XXXXXX AND XXXXXX, P.S.C.
Bank One Building
000 Xxxx Xxxx Xxxxxx, Xxxxx 0X
X.X. Xxx 000
Xxxxxxxx, XX 00000-0000
(000) 000-0000; Fax (000)000-0000
By:
