EXHIBIT 10.12.2
SECOND AMENDMENT TO LEASE
THIS AGREEMENT, made and entered into as of the 1st day of May, 1997, by
and between XXXX RECOVERY, LLC, a Minnesota limited liability company
("Landlord"), and RECOVERY ENGINEERING, INC., a Minnesota corporation
("Tenant");
WITNESSETH, THAT:
WHEREAS, Xxxx Companies US, Inc. ("Xxxx") and Tenant entered into a Lease
Agreement dated November 8, 1996, and a First Amendment to Lease dated December
20, 1996 (together, the "Lease"), pertaining to certain premises therein
described located in the City of Brooklyn Park, Minnesota; and
WHEREAS, Ryan's interest in the Lease was assigned to and is now owned by
Landlord;
and
WHEREAS, capitalized terms which are used but not defined herein have the
meanings ascribed to them in the Lease; and
WHEREAS, Landlord and Tenant wish to confirm in writing the Commencement
Date of the Fixed Term of the Lease and the initial Basic Rent, and to further
amend the Lease in one respect.
NOW, THEREFORE, in consideration of the mutual terms hereof, Landlord and
Tenant agree as follows:
1. The Commencement Date of the Fixed Term of the Lease was April 1, 1997.
2. The monthly Basic Rent payable by Tenant for the initial sixty (60)
months of the Fixed Term is $51,059.00.
3. Section 36 of the Lease, captioned "Moving Allowance", is deleted in its
entirety.
4. Except as so modified, the Lease is and shall remain in full force and
effect in accordance with its terms.
IN WITNESS WHEREOF, Landlord and Tenant have caused this Agreement to be
duly executed as of the date first above written.
XXXX RECOVERY, LLC
By: Xxxx Properties, Inc.,
Its Manager
By /s/ XXXXXXX X. XxXXXXX
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Its Vice President
LANDLORD
RECOVERY ENGINEERING, INC.
By /s/ XXXXXXX X. XXXXXXXXX
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Its VP & CFO
TENANT