EXHIBIT 10.11(f)
October 18, 1994
Mr. Xxxxxxx Xxxx
President
Xxxxxx Supply, Inc.
P. O. Box 2273
Orlando, Florida 32802
Dear Xxxxxxx:
This letter is to confirm our agreement to extend the leases for
all locations currently leased by USCO, Incorporated from either
Union Warehouse & Realty Company or Monoco Realty Company. Below
is a listing of the locations involved and the current monthly
rental.
000 X. Xxxxxxx Xxxxxx Xxxxxx $5,287
0000 X. Xxxxx Xxxxxx Charlotte $4,966
000 Xxxxxxx Xxxxxx Xxxxxx $3,279
0000 X. Xxxxxxxxxxxx Xxxxx Xxxxxxxxxx $5,219
000 Xxxxxx Xxxxxx Xxxxxx $1,750
000 XxXxxxxxx Xxxx Pinehurst $3,004
0000 Xxxxxx Xxxx Xxxx Xxxxxx $4,500
0000 Xxxxxxx Xxxxxx Xxxxxxxxxxx $4,386
0000 Xxxxxx Xxxxxxxxx Xxxxxxxx $4,877
000 Xxxx Xxxx Xxx Xxxx Aiken $2,582
000-000 Xxxxxxxxx Xxxxxx Xxxxxx $2,340
It is further understood that even though some of these properties
were not currently under lease at the time that USCO was acquired
by Xxxxxx Supply, Inc., that by means of this agreement all
properties listed above are now covered by the same provisions of
the lease agreement consummated as a part of said purchase
agreement with the following exceptions:
1) Lease term is extended until February 1, 1998;
2) Lease amount will remain constant per the schedule above;
3) Relative to item (a) on page 3 of the lease agreement be
it further refined that the purchase price be established
by taking an average of the two appraisals referenced or
by other means mutually acceptable;
4) Relative to the item (b) on page 3 of the lease agreement
the following should be added, or by other means mutually
agreed upon to include stock of Xxxxxx Supply, Inc.;
5) As a point of clarification, the lessor is responsible
for the maintenance of roofs and exterior walls whereas
the lessee is responsible for interior walls and
mechanical systems. This represents no change from
historical responsibilities.
A sample copy of the original lease and the amendment are attached
for your convenience. Please signify your agreement by signing
below. Thank you for your assistance in resolving this matter.
Sincerely,
UNION WAREHOUSE & REALTY COMPANY MONOCO REALTY COMPANY
X. X. Xxxxxx X. X. Xxxxxx
President Managing Partner
Accepted by:
______________________________
A. S. Xxxx, Xx.
President
Xxxxxx Supply, Inc.
