Exhibit 10.23(a)
Amendment to lease agreement for East Brunswick facility.
XXXXXX GROUP
000 XXXXX 00
XXXX XXXXXXXXX, X.X. 00000
(000) 000-0000
July 6, 1998
Fun Tyme of East Brunswick, Inc.
000 Xxxx Xxxxxx
Xxxxxx Xxxxxx, XX 00000
Attn: Xxx Xxxxxxxxx
Re: Xxxxxx Group to Fun Tyme of East Brunswick, Inc.
M[i]racle [sic] Xxxx, Xxxxx 00, Xxxx Xxxxxxxxx
Dear Xxx:
As you know, the total square footage of the space leased by Fun Tyme of
East Brunswick at the Miracle Mall is 16,900, rather than the 15,270 sq. ft.
indicated in the Lease. Accordingly, the annual Basic Rent payable for the
premises should be amended to provide as follows:
ANNUAL RENT MONTHLY INSTALLMENT
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Lease Years 1 through 5 $202,800.00 $16,900.00
Lease Years 6 through 10 $228,150.00 $19,012.50
Lease Years 11 though 15 $256,711.00 $21,392.50
Lease Years 16 through 20 $288,821.00 $24,068.40
The monthly rental payable during the first five years will be $14,991.25,
after giving Fun Tyme its monthly rent credit of $1,908.75. To this amount
should be added an estimated monthly CAM charge of $2,637., and a monthly tax
change of $3,210.72, for a total monthly rental of $20,838.97.
Based upon the these numbers, a balance of $5,568.97 is due from Fun Tyme
for the first month's rent, after giving Fun Tyme credit for the $15,270 payment
already made.
In addition, Fun Tyme's proportionate Share of Operating Expenses pursuant
to Section 3 of the Lease shall now be 18.32%, based on a shopping center
consisting of 92,240 sq. ft. of space.
After you review the above, please sign this letter and fax it back to me
to confirm you agreement to [the] Lease amendments.
Sincerely,
/s/ Xxxxxx Xxxxxx
Xxxxxx Xxxxxx
Fun Tyme of East Brunswick, Inc.
By: /s/ Xxxxxx Xxxxxxxxx Dated: July__, 1998
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