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EXHIBIT 10m
August 15, 2000
Xx. Xxxxxxx X. Xxxxxxx, Xx.
Razmiko's, Ltd.
0000 Xxxx Xxxxxx, Xxxxx 000
Xxxxxx Xxxxx, Xxxxx 00000
Re: First Amendment To Lease Agreement Correction 0000 Xxxx Xxxxxx,
Xxxxx 000
Dear Xxxx:
In the First Amendment To Lease Agreement dated August 4, 2000, by and
between Xxxxxx Income Properties I, Ltd. and Razmiko's Ltd., the
expiration date for the 60-month extension of the term was incorrectly
stated as August 31, 2005. The correct date should in fact be September
30, 2005.
Would you please indicate your acknowledgement and agreement with the
correct expiration date being September 30, 2005 by signing in the space
provided below and returning a copy of this letter to me for our files.
Thank you.
If you have any questions, please feel free to give me a call.
Sincerely,
Xxxxxxxx & Hill Properties, Inc.
Xxxx X. Xxxxx, CPM(R), CCIM
Vice President
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Acknowledged and Agreed
Xxxxxxx X. Xxxxxxx, Xx.
President
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FIRST AMENDMENT TO LEASE AGREEMENT
This First Amendment to Lease Agreement (the "First Amendment") is made
and entered into this _____ day of July, 2000, by and between XXXXXX INCOME
PROPERTIES I, LTD., (the "Landlord") and RAZMIKO'S, LTD., (the "Tenant").
W I T N E S S E T H:
WHEREAS, Landlord and Tenant have entered into that certain Lease
Agreement dated August 1, 1995, for premises containing approximately 4,500
square feet located at 0000 Xxxx Xxxxxx, Xxxxx 000 Xxx Xxxxxxx, Xxxxx, 00000;
and
WHEREAS, the Lease Agreement is incorporated herein by reference; and
WHEREAS, Landlord and Tenant desire to amend and revise the Lease as
hereinafter set forth.
NOW, THEREFORE, the parties hereto agree that the Lease is amended as
follows:
1) The Term of the Lease is hereby extended for a period of sixty
(60) months beginning October 1, 2000 and ending August 31,
2005.
2) The monthly rent to be paid during the term of the Lease shall
be as follows:
Months 1 -- 24: Four Thousand Five Hundred 00/100 Dollars ($4,500.00)
Months 25 -- 48: Four Thousand Six Hundred Eighty-seven and 50/100
Dollars ($4,687.50)
Months 49 -- 60: Four Thousand Eight Hundred Seventy-five and 00/100
Dollars ($4,875.00)
3) As a condition of Tenant's execution of this Lease Amendment,
Landlord will provide to Tenant an Improvement Allowance of up
to Six Thousand Seven Hundred Fifty and 00/100 Dollars
($6,750.00) for remodeling and refurbishing the premises. Proof
of costs incurred and appropriate executed Lien Waivers from the
vendors utilized must be provided to Landlord for release of the
Improvement Allowance.
4) In the event it becomes necessary for Razmiko's Ristorante
Italiano to close during the remodeling period, Landlord will
agree to xxxxx Base Rent during the closure of the business up
to a maximum of 15 days.
5) The existing $5,000 Certificate of Deposit being held as
security for performance under the existing lease by Citizens
Bank of Tulsa will be renewed or replaced with a comparable
Certificate of Deposit or with a cash deposit to Landlord.
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6) In the event of a conflict between the terms and provisions of
this First Amendment and the terms and provisions of the Lease,
the terms and provisions of this First Amendment shall prevail.
Except as amended herein, the Lease shall remain in full force and effect and
Landlord and Tenant hereby ratify and affirm the Lease as amended by this
instrument.
EXECUTED the day and year first above written.
OWNER: TENANT:
Xxxxxx Income Properties I, LTD Razmiko's Ltd.
By: Xxxxxx Realty Investors VIII, Inc.
By: By:
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Xxxxx Xxxx Xxxxxxx X. Xxxxxxx, Xx.
Executive Vice President President
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