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EXHIBIT 10.19
LEASE AMENDMENT AGREEMENT
0000 XXXXXXXX XXXX
MAXXIS GROUP, INC.
THIS LEASE AMENDMENT AGREEMENT (hereinafter called the "Amendment") made
and entered into this 5th day of June, 1998, by and between XXXXX X. XXXXX, a
Sole Proprietorship (hereinafter called the "Landlord"); and MAXXIS GROUP, INC.,
(hereinafter called the "Tenant"); and XXXXXXX XXXXXX & CO. (hereinafter called
the "Broker").
W I T N E S S E T H
WHEREAS, by Lease Agreement dated March 17, 1997, (hereinafter collectively
called the "Lease"), Landlord leased to Tenant that certain premises
(hereinafter called the "Premises") situated at 0000 Xxxxxxxx Xxxx, Xxxxxx 000
and 113, Xxxxxxx, Xxxxxxx 00000, as more particularly described in the Lease;
and
WHEREAS, Landlord and Tenant now desire to further amend the Lease so as to
extend the Term thereof and to make other changes as set forth hereinbelow.
NOW, THEREFORE, for valuable consideration paid by each of the parties to
the other, receipt of which is hereby acknowledged, it is agreed between the
parties as follows:
1. Tenant shall expand from its current Premises into and including 0000
Xxxxxxxx Xxxx, Xxxxxx 000, 113 and 114, Xxxxxxx, Xxxxxxx 00000
(hereinafter called the "Revised Premises") on or before July 1, 1998.
The Revised Premises contains approximately 7,430+ square feet.
2. The Revised Rental and Lease term shall commence on July 1, 1998 and
expire on April 30, 2001.
3. The Revised Base Rent monthly shall be as follows:
Base Rent Monthly
Common Area and Common Area
Base Rent Maintenance Monthly Maintenance Monthly
Term Monthly (Adjusted Annually) (Adjusted Annually)
---- --------- ------------------- --------------------
October 1, 1998 - April 30, 1999 $4,477.00 $155.00 $4,632.00
May 1, 1999 - April 30, 2000 $4,657.00 $155.00 $4,812.00
May 1, 2000 - April 30, 2001 $4,849.00 $155.00 $5,004.00
4. Tenant hereby agrees to pay Landlord, on or before the first
of each month, Seventy Five and No/100 Dollars ($75.00) as Tenant's
estimated share of water/sewer usage for the leased premises. Said
amount may be adjusted
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annually, or as Landlord deems necessary, which shall be based on
actual expenses incurred by Landlord.
5. a) Landlord will deliver to the Tenant all heating, venting
and air-conditioning systems and any other systems (hereinafter
called the "Systems") in place on the property as of the date the
Tenant takes possession of the Premises in working order. Upon
taking the possession of the Premises by the Tenant, the Tenant
shall have twenty (20) days within which to inspect, or cause said
Systems to be inspected, to determine if any of the Systems are not
in reasonable working order. Tenant acknowledges that Tenant has a
duty and an obligation to make such an inspection or cause such an
inspection to be made and notify the Landlord within the time
provided for herein of any non-compliance according to Section 12.1.
If the Landlord shall not receive any such notice then, in such
event, it shall be conclusive that the Tenant has accepted the
Systems "as-is" "where-is" on the date of taking possession of the
Premises and Landlord shall have no further obligation with regard
to said Systems except as provided for in the within Lease. Should
the Tenant notify the Landlord according to Section 12.1 of any
system which is not in working order, then the Landlord shall make
reasonable efforts to cause the system to be operating in reasonable
working order.
b) Landlord shall repaint the office walls.
c) Landlord shall recarpet the offices with standard
commercial grade 26-oz. glued down level loop pile carpeting.
All other agreements as contained in the Lease shall remain in full force
and effect.
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IN WITNESS WHEREOF, the said parties have executed this Lease Amendment,
the day and year first above written.
LANDLORD
Signed, sealed and delivered XXXXX X. XXXXX, A SOLE PROPRIETORSHIP
in the presence of:
/s/ Xxxxxxx X. Xxxx By: /s/ Xxxxxx Xxxxx
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Notary Public or Witness
Xxxxxxx X. Xxxx Title: Agent for Landlord
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Name (Please Print)
Xxxxxxx Xxxxxx & Co.
TENANT
Signed, sealed and delivered MAXXIS GROUP, INC.
in the presence of:
/s/ Xxxxxx XxXxxxxxx By: /s/ Xxxxxx X. Xxxxx
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Notary Public or Witness
Xxxxxx XxXxxxxxx Name: Xxxxxx X. Xxxxx
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Name (Please Print) (Please Print)
Title: President and CEO
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