Exhibit 10.23
AGREEMENT
This Agreement made the 6th day of March, 1998 by and between XXXXXXX
X. XxXXXX, residing at 000 Xxxx Xxxxxxxxx Xxxxxx, Xxxxxxxxx, XX 00000 (Landlord)
and DATA PATH TECHNOLOGIES, INC., with offices at 000 Xxxxxxxx Xxxxxx,
Xxxxxxxxxxxxx, XX 00000 (Tenant).
WHEREAS, the Tenant currently occupies premises known as 000 Xxxxxxxx
Xxxxxx, Xxxxxxxxxxxxx, XX 00000 pursuant to the terms of a written Lease which
by its terms expired on April 30, 1998; and
WHEREAS, the Landlord and Tenant have agreed to extend the term of
said Lease to August 30, 1998 under the terms and conditions hereinafter set
forth;
NOW, THEREFORE, in consideration of Ten Dollars ($10.00) and other
valuable consideration, it is mutually agreed as follows:
1) The term of the current Lease between the Landlord and
Tenant is hereby extended to August 30, 1998;
2) Paragraph 1 of the Lease Agreement (Rent) is amended as
follows:
a) The Tenant shall pay to the Landlord the sum of
Seven Thousand One Hundred Eighty-Eight and no/100
Dollars ($7,188.00) per month commencing on May 1,
1998 and on the first day of each and every month
thereafter until the end of the term.
3) Paragraph 29 of the Lease is hereby amended to provide the
tax base for purposes of computations for future adjustments
for Town, School and Village Taxes shall be those taxes
which are due and paid in April, June and September of 1998,
which shall be the base year for computation of all future
tax increases.
4) Paragraph 38 and 39 of the Lease are cancelled.
Except as hereinafter modified, and other terms and conditions of the
Lease Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Agreement and year
and date first above written.
/s/ Xxxxxxx X. XxXxxx DATA PATH TECHNOLOGIES, INC.
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XXXXXXX X. XxXXXX, (Landlord)
By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx, Vice President, (Tenant)
