LEASE EXTENSION AGREEMENT
This Agreement is made as of the 25 day of April, 1997, by and between
Central Investment Co., Ltd., a limited partnership (hereinafter referred to as
the "Landlord") and Austins 72nd, Inc., a Nebraska corporation (hereinafter
referred to as the "Tenant").
WITNESSETH:
WHEREAS, Landlord and Tenant entered into a written Lease Agreement
dated October 16, 1992, covering the real property and improvements located
at 0000 Xxxxx 00xx Xxxxxx, Xxxxx, Xxxxxxxx (the "Lease Agreement"); and
WHEREAS, the original term of the Lease Agreement ends on October 31,
1997, and the Lease Agreement provides that the Tenant shall have the right
to extend the original term for two (2) successive periods of five (5) years
upon the terms and conditions provided in the Lease Agreement; and
WHEREAS, Tenant will not exercise said rights to extend the original
term for five (5) years, but wants to extend the original term from November
1, 1997 through April 30, 1998, and Landlord is willing to so extend the
original term on the terms and conditions hereinafter set forth.
NOW, THEREFORE, it is agreed as follows:
1. The original term of the Lease Agreement is hereby extended from
November 1, 1997 through April 30, 1998.
2. Tenant shall have no right to further extend the term of the Lease
Agreement.
3. Rent payable during the extended term shall be adjusted to $5,000.00
per month plus the cost of living adjustment, as provided in Section
4 of the Lease Agreement.
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4. All other terms and provisions of the Lease Agreement, as modified
by this Agreement, shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.
AUSTIN 72ND, INC. CENTRAL INVESTMENT., LTD.
a Nebraska corporation a limited partnership,
BY: /s/ Xxxxxx Xxxx-Xxxxx BY: /s/ Xxxxxx X. Xxxxxx,
------------------------ ------------------------
Xxxxxx Xxxx-Xxxxx Xxxxxx X. Xxxxxx,
Its President/CFO General Partner
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