THIRD AMENDMENT
That certain Restaurant Lease of 00000 Xxxxx Xxxx, Xxxxxxxxxxx, XX 00000 between
Lagomorph, L.L.C., an Illinois limited liability company, as Landlord, and
Walnut Brewery, Inc., a Colorado corporation d/b/a Rock Bottom Brewery, as
Tenant, is hereby amended as follows:
1. Article 1.10 is deleted in its entirety and replaced with the following:
1.10 INITIAL LEASE TERM: Twelve (12) years.
2. Article 1.11 is deleted in its entirety and replaced with the following:
1.11 INITIAL TERMS ENDS: On the last day of the one hundred
forty-fourth (144th) full month after the
Lease Commencement Date.
3. Article 1.12 is deleted in its entirety and replaced with the following:
1.12 BASE RENT
Initial Term
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Year 1: $287,000 Year 2: $293,458
Year 3: $300,061 Year 4: $306,812
Year 5: $313,715 Year 6: $320,774
Year 7: $327,991 Year 8: $335,371
Year 9: $342,917 Year 10: $350,633
Year 11: $358,522 Year 12: $366,589
1st Option 2nd Option
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Year 1: $374,837 Year 1: $418,948
Year 2: $383,271 Year 2: $428,374
Year 3: $391,895 Year 3: $438,012
Year 4: $400,713 Year 4: $447,867
Year 5: $409,729 Year 5: $457,944
3rd Option 4th Option
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Year 1: $468,248 Year 1: $523,351
Year 2: $478,784 Year 2: $535,126
Year 3: $489,557 Year 3: $547,166
Year 4: $500,572 Year 4: $559,477
Year 5: $511,835 Year 5: $572,065
4. The words "two hundred forty (240) months" in the first line of Article
2.05 will be deleted and replaced with the words "one hundred forty-four
(144) months."
5. The words "Ninety (90) days" in the fourth line of Article 2.06 will be
deleted and replaced with the words "one year."
6. The following sentence will be added at the end of Article 11.01: "Any
assignment, subletting, mortgaging or hypothecation shall be by written
instrument under which the assignee or sublessee shall agree for the
benefit of Landlord to be bound by and to perform this Lease."
7. Article 11.02 is deleted in its entirety.
All other terms of the Restaurant Lease remain unmodified and in force.
TENANT: LANDLORD:
By: By:
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Xxxxxxx X. Xxxxx, President Xxxxx X. Xxxxxxxxx, Manager
Date: Date:
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