EXHIBIT 10.8
LEASE EXTENSION AGREEMENT
WHEREAS, BNS OF CENTRAL FLORIDA, LTD., hereinafter referred to as "Landlord,"
entered into a lease agreement leasing certain property to UNIVERSAL BEVERAGES,
INC., hereinafter referred to as "Tenant," said lease with a commencement date
of May 1, 1998, and hereinafter referred to as the "Lease";
WHEREAS, according to the terms and conditions of the Lease, the expiration
thereof was August 31, 1999;
WHEREAS, Tenant desires to extend the termination date of the Lease;
NOW, THEREFORE, in consideration of the mutual covenants and conditions
contained herein, the parties hereto agree as follows:
1. Paragraph 1 of the Lease Agreement regarding PREMISES AND
TERM, is hereby amended by changing the termination date of
the lease from August 31, 1999 to August 31, 2004.
2. Paragraph 2A of the Lease Agreement regarding the BASE RENT is
hereby amended to reflect that the monthly rent shall continue
to be paid at the beginning of each month commencing September
1, 1999, in the amount of $16,132.70, plus applicable sales
tax, and on the 1st of each month thereafter until the 1st of
January, 2000, at which time the rent shall increase to $2,50
psf or $18,758.96 per month plus applicable sales tax and
increase 4% each January thereafter.
3. Paragraph 22 of the Lease Agreement is deleted in its
entirety.
4. Except as expressly modified and amended herein, all terms
and conditions of the Lease shall remain in full force and
effect.
EXECUTED BY LANDLORD, this 8th day of October, 1999.
LANDLORD, BNS OF CENTRAL FLORIDA, LTD.
By: BNS OF LEESBURG, INC., Its General Partner
By:/s/ Xxxxxxx X. Xx Xxxxxxxx
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Printed Name: Xxxxxxx X. Xx Xxxxxxxx
Title: Vice President
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EXECUTED BY TENANT, this 5th day of October 1999.
UNIVERSAL BEVERAGES, INC.
By: /s/ Xxxxxxx Xxxxxxx
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Printed Name: Xxxxxxx Xxxxxxx
Title: President
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