EXHIBIT 10.14
FIRST LEASE AMENDMENT
THIS FIRST LEASE AMENDMENT is made as of April 27, 1999 by and between Riverside
Investors, L.C., a Virginia limited liability company, ("Lessor"), and Portfolio
Recovery Associates, LLC, a Delaware limited liability company, ("Lessee").
RECITALS
A. By Lease dated February 12, 1999 (the "Lease") Lessor leased to Lessee
Suite 100 consisting of 35,179 rentable square feet (the "Premises") in
a building commonly known as Riverside Commerce Center, Corporate
Boulevard, Norfolk, Virginia ("the Building"), as more particularly
described in said Lease.
B. The Lease incorrectly stated the Building address as 000 Xxxxxxxxx
Xxxxxxxxx.
X. Xxxxxx and Lessee desire to correct the Building address and modify the
terms and conditions of the Lease.
NOW, THEREFORE, in consideration of the mutual promises herein contained and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Lessor and Lessee hereby agree as follows:
1. Building Address: The Building address is hereby confirmed as 000
Xxxxxxxxx Xxxxxxxxx, Xxxxxxx, Xxxxxxxx.
2. Lessors Services: The last sentence of paragraph 9-a (iv) is hereby
deleted in its entirety and replaced with the following:
Notwithstanding the foregoing, Lessee's electricity and gas to the
Premises shall be separately metered and shall be paid directly by
Lessee.
3. All other terms and conditions of the Lease are hereby ratified and
shall remain in full force and effect. In the event of a conflict
between the First Lease Amendment and the Lease, this First Lease
Amendment shall prevail.
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
agreement as of the date first written above.
LESSOR: RIVERSIDE INVESTORS, L.C.,
A VIRGINIA LIMITED LIABILITY COMPANY
By: Xxxxxxxx Development Group, Inc.
Its: Manager
By: /s/ XXXXXXX X. XXXXX
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Xxxxxxx X. Xxxxx
Its: Senior Vice President
LESSEE: PORTFOLIO RECOVERY ASSOCIATES, LLC,
A DELAWARE LIMITED LIABILITY COMPANY
By: /s/ XXXXXX XXXXXXXXXXX
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Name: Xxxxxx Xxxxxxxxxxx
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Its: President
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