Exhibit 10.15
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AMENDMENT NUMBER ONE
TO LEASE AGREEMENT
This is Amendment Number One, dated April 18, 2001, to the Lease Agreement
dated October 13, 2000 (the "Lease"), between Air Eagle Holdings, LLC, a Georgia
limited liability company ("Landlord") and World Airways, Inc., a Delaware
corporation ("Tenant").
WHEREAS, the parties wish to correct the name of the Landlord, which is Air
Eagle Properties, LLC, a Georgia limited liability company; and
WHEREAS, the parties wish to specify the exact number of square feet of
space leased hereunder; and
WHEREAS, Tenant has agreed to lease certain additional space; and
WHEREAS, Tenant requires twenty-four hour, seven day a week uninterrupted
power to support its daily international operations, and Landlord has agreed to
purchase, install and maintain a generator and related requirements in order to
provide such service; and
NOW, THEREFORE, in consideration of the foregoing and other mutual
covenants and promises contained herein, the receipt and sufficiency of which
are hereby acknowledged, the parties agree to amend the Lease as follows:
1. Wherever in the Lease "Air Eagle Holdings, LLC" appears it shall be
replaced with "Air Eagle Properties, LLC."
2. In the fourth line of Section 1, "Demised Premises", delete "44,000" and
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insert instead "44,457".
3. Tenant agrees to lease an additional 7,339 rentable square feet, as
outlined on the Floor Plan, subject to all the terms and conditions of the
Lease, except that (i) the Term shall be for thirty months from the
Commencement Date, and (ii) Tenant shall have two thirty-month extension
options with respect to this space upon the receipt by Landlord of no less
than six months notice prior to the scheduled expiration of the Term, (iii)
Tenant shall have one final option to extend the Lease of this space for
the remainder of the Term upon receipt by Landlord of no less than six
months notice prior to the scheduled expiration of the Term, and (iv) in
the event this space is subleased by Tenant pursuant to the requirements of
the Lease, Landlord agrees to waive its right to the 50% of the excess
referenced in Section 28 (c (iv).
4. Add a new subsection 9 (b), as follows, and renumber the existing section 9
(b) to become 9 (c):
9 (b). Notwithstanding the foregoing, Landlord shall install and maintain a
backup electrical generator and related requirements to support the 24-hour
per day, 7 day per week operations of Tenant.
5. Except as amended hereby, all of the terms and conditions set forth in the
Agreement shall remain the same in full force and effect. Capitalized terms
used herein shall have the meaning ascribed to them in the Agreement.
IN WITNESS WHEREOF, each of the parties hereto have caused this Amendment
Number One to be executed by its duly authorized officers as of the day and year
first above written.
LANDLORD: AIR EAGLE PROPERTIES, LLC TENTANT: WORLD AIRWAYS, INC.
By: __________________________________ By: _________________________
Xxxxxx X. Xxxxxx Xxxxxx X. Xxxxxx, Xx.
Managing Member President and COO
