Exhibit 10.14
AMENDMENT
TO LEASE DATED MAY 3, 1994
BY AND BETWEEN
XXXX G. B. XXXXXXX, JR. ("LANDLORD")
AND
VES, INC., D/B/A VES EXTRUSIONS, INC. AND
XXXXXXX EXTRUSION SYSTEMS, INC., ("TENANT")
Whereas Landlord completed a 17,550 square foot addition ("the Addition")
to the manufacturing/warehouse facility located on the Premises, and whereas the
Tenant occupied this additional space as of June 23, 1999; the parties hereby
confirm their agreement as to the minimum rent which applies to the Addition.
Effective July 1, 1999, Tenant agrees to pay to Landlord Minimum Rent
for use of the Addition in the amount of SIXTY-ONE THOUSAND, FOUR HUNDRED,
TWENTY-FIVE AND NO/100 Dollars ($61,425.00) per annum, payable in equal
monthly installments of FIVE THOUSAND, ONE HUNDRED, EIGHTEEN, AND 75/100
Dollars ($5,118.75).
Therefore, the total Minimum Rent for 51,300 (33,750 plus 17,550) total
square feet is ONE HUNDRED SEVENTY-EIGHT THOUSAND, FIVE HUNDRED,
SEVENTY-SEVEN AND 52/100 Dollars ($178,577.52) per annum, payable in equal
monthly installments of FOURTEEN THOUSAND, EIGHT HUNDRED, EIGHTY-ONE AND
46/100 Dollars ($14,881.46).
The Addition is hereby deemed part of and inseparable from the premises
referred to in the Lease, and therefore, subject to all the terms and provisions
of said Lease and amendments thereto.
ACCEPTED AND AGREED:
TENANT: VES Inc., a Delaware Corporation
By: /s/ C. Xxxxxxx Xxxxx
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C. Xxxxxxx Xxxxx, President
(CORPORATE SEAL)
ATTEST:
/s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx, Assistant Secretary
LANDLORD:
/s/ Xxxx G. B. Xxxxxxx, Jr. (SEAL)
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Xxxx G. B. Xxxxxxx, Jr.
