AMENDMENT NO. 3 TO AIRCRAFT LEASE
Exhibit 10.95
AMENDMENT NO. 3 TO AIRCRAFT LEASE
This Amendment No. 3 to Lease Agreement (“Lease” or “Agreement”) is executed this 5th day of June, 2007 by and between EAGLE I, LLC, a Montana limited liability company (“Lessor”) and SEMITOOL, INC., a Montana corporation, with its principal place of business at 000 Xxxx Xxxxxxx Xxxxx, Xxxxxxxxx, Xxxxxxx (“Lessee”).
RECITALS
A. | Lessor is the owner of a Falcon 900 (the “Aircraft”) with a serial number of 65 and a registration number of N988T. |
X. | Xxxxxx and Lessor have agreed to amend certain terms of the Lease Agreement dated January 15, 2004 (the “Lease Agreement”), as amended by Amendment No. 1 to Lease Agreement dated March 31, 2004 and Amendment No. 2 to Lease Agreement dated September 30, 2005. |
NOW, THEREFORE, in consideration of the mutual promises and covenants exchanged herein and for other good and valuable consideration, the parties hereto agree as follows:
1. | Amended Rental. Effective April 1, 2007, Lessee hereby covenants and agrees to pay Lessor, during the Term, a monthly rental of ONE HUNDRED THOUSAND DOLLARS ($100,000.00), reduced from $175,000 per month. |
2. | Other Terms. All other terms of the Lease Agreement shall remain unchanged and shall be incorporated by reference herein in their entirety. |
IN WITNESS WHEREOF, the Lessee and Lessor have duly executed this Amendment No. 3 to Lease Agreement on June 5, 2005 at Kalispell, Flathead County, Montana.
LESSEE: SEMITOOL, INC. | LESSOR: EAGLE I, LLC |
By: /s/Xxxxx X. Xxxxx Name: Xxxxx X. Xxxxx Title: VP-Finance, CFO |
By: /s/Xxxxxx X. Xxxxxxxx Name: Xxxxxx X. Xxxxxxxx Title: CEO |