Exhibit 10.5
AGREEMENT OF AMENDMENT
This Agreement is made and entered into this 20th day of October 1997
by and between the Trustees of Oceana Way Associates (hereinafter called
"Landlord") and Catalink Direct, Inc. (hereinafter called "Tenant").
WITNESSETH
WHEREAS, by lease dated July 15, 1993 (hereinafter called the "Lease"),
Tenant leases a premises located at 00 Xxxxxx Xxx, Xxxxxxx, Xxxxxxxxxxxxx; and
WHEREAS, Landlord and Tenant desire to extend the original term of the
Lease and modify certain provisions thereof;
NOW, THEREFORE, for valuable consideration, the Lease is hereby
modified and amended as follows:
1. In Section 1.1, the definition of Term is deleted and "the period
ending July 31, 2001" is inserted in its place.
2. In Section 1.1 in the definition of Annual Fixed Rent Rate, "and
$115,000.00 thereafter" is deleted and the following inserted in
its place:
"$115,000.00 during the fourth and fifth years, $259,586.25 during
the sixth year, $295,391.25 during the seventh year, and
$331,196.25 thereafter."
3. Section 2.4 is deleted in its entirety.
Except as expressly amended hereinabove, all of the terms, conditions
and provisions of the Lease are ratified and confirmed and shall remain in full
force and effect.
IN WITNESS WHEREOF, Landlord and Tenant have duly executed this
Agreement of Amendment.
Tenant: Landlord:
Catalink Direct, Inc. Oceana Way Associates
By: /s/ Xxxxxxx X. XxXxxxxxx By: /s/ Xxxxx X. Xxxxxxxx
As Trustee but not individually
