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EXHIBIT 10.14
AMENDMENT NO. 1 - LEASE - 0000 XXXXX XXXXXX XXXXXX
XXXXXXXXX, XXXXXXXX
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AMENDMENT 1
THIS AMENDMENT attaches to and forms an integral part of that certain
Lease Agreement, dated the 1st day of May, 1991, by and between COLUMBINE
VALLEY CORPORATION ("Landlord") and Vectra Bank ("Tenant"), for the premises in
the Building known as Xxxxx 000, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxx
00000. In the event of any conflict between the provisions of the Lease to
which this Amendment attaches, the terms and conditions of the Amendment shall
prevail. Capitalized terms used in the Amendment have the meaning set forth
for such terms in the Lease.
Tenant hereby leases from Landlord and Landlord hereby leases to
Tenant the Premises as described in the aforementioned Lease and shown on
Exhibit A upon the same terms and conditions and subject to all provisions of
the Lease, except as follows:
1. The termination date shall be the 31st day of July, 1999.
2. The Tenant agrees to pay to Landlord as Base Rent for the
premises, the total sum of $128,070.00 for the period over which said lease has
been extended. The Base Rent shall be payable in advance in equal monthly
installments as follows:
August 1, 1996 - July 31, 1997 $ 3,438.91
August 1, 1997 - July 31, 1998 $ 3,557.50
August 1, 1998 - July 31, 1999 $ 3,676.08
3. The Tenant Finish Allowance is $8,000.00. The Tenant finish
allowance is to be applied to suite upgrades. Any unused allowance will e
retained by Landlord. Tenant will be responsible for furniture moving
costs and any cost premium for work done after hours.
As Amended herein, the Lease shall continue in full force and effect,
and the parties hereto hereby ratify and reaffirm the Lease as Amended.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment
to be executed as of the 31st day of July, 1996.
LANDLORD:
Columbine Valley Corporation
By: /s/ P. Xxxxx Xxxxxxx
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P. Xxxxx Xxxxxxx, President
TENANT:
Vectra Bank
By: /s/ Xxxx Xxxxxxx
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Xxxx Xxxxxxx, Controller
10.14-1
