Exhibit 10.9
LEASE EXTENSION AND AMENDMENT AGREEMENT
THE STATE OF TEXAS }
COUNTY OF XXXXXX }
WHEREAS, on June 2, 1998, INDUSTRIAL PROPERTIES CORPORATION, as
Landlord, and SI DIAMOND TECHNOLOGY, INC., as Tenant, made and entered into a
Lease Agreement covering the following described premises, to-wit:
Approximately 9,667 square feet of space located at 0000 Xxxxxxxx
Xxxxxxxxx, Suites 107, 108, and 109, Xxxxxx, Xxxxxx County, Texas,
situated on xxx 0, xxxxx X, xxxxxxxxxxxxx xx Xxxxxxxxxx Xxxxxxx,
section 3.
NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS:
THAT INDUSTRIAL PROPERTIES CORPORATION, Landlord, and SI DIAMOND
TECHNOLOGY, INC., Tenant, have covenanted and agreed and by these presents do
hereby covenant and agree as follows:
1. The term of the lease shall be extended twenty-four (24)
months, for the period beginning June 1, 2003 and ending May
31, 2005.
2. Beginning June 1, 2003 and ending May 31, 2004, Tenant agrees
to pay to Landlord rent in the amount of Five Thousand Two
Hundred forty-four and 27/100 Dollars ($5,244.27) per month.
3. Beginning June 1, 2004 and ending May 31, 2005, Tenant agrees
to pay to Landlord rent in the amount of Five Thousand Seven
Hundred forty-four and 27/100 Dollars ($5,744.27) per month.
4. Except as hereinabove provided, the terms, conditions and
covenants of said Lease Agreement shall be and remain in full
force and effect.
IN TESTIMONY WHEREOF, INDUSTRIAL PROPERTIES CORPORATION has caused
these presents to be executed and SI DIAMOND TECHNOLOGY, INC. has executed the
same, in duplicate, this
5th day of May 2003.
LANDLORD:
INDUSTRIAL PROPERTIES CORPORATION
By: Xxx Xxxxxxx, Xx.
------------------------------
Xxx Xxxxxxx, Xx.
Its: Executive Vice President
TENANT:
SI DIAMOND TECHNOLOGY, INC.
By: Xxxxxxx X. Xxxxx
Its: Chief Financial Officer
