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Exhibit 10.7.1
FIRST AMENDMENT TO LEASE AGREEMENT
This FIRST AMENDMENT TO THE LEASE AGREEMENT ["FIRST AMENDMENT"] is made
December 20, 1998 by and between XXXXXXXXXXX FAMILY PARTNERSHIP, LP a
Pennsylvania Limited Partnership, at 000 X. Xxxxxxx Xxxxxx, Xxxxx Xxxxxxx, Xx.
00000 [hereinafter called "Landlord"] and RED XXXX BREWING CO. a Pennsylvania
Corporation with its principle place of business at 0000 Xxxxxxxxx Xxxxxx,
Xxxxxxxxxxxx Xxxxxxxxxxxx, 00000 [hereinafter called "Tenant"].
BACKGROUND
A. The parties entered into a certain Agreement dated November 20, 1998
[the "Lease"] for a portion of the first floor in the building located
at 000 X. Xxxxx Xxxxxx in Xxxxx Xxxxxxx, Xx. 00000 [as more
specifically described in the lease.
B. Landlord has offered approximately 1800 rentable square feet of
additional space on the first floor and 600 rentable square feet on the
basement level for utilities, storage and cooler.
C. The parties desire to amend the lease as set forth in this First
Amendment.
NOW THEREFORE, the parties to this First Amendment, intending to be legally
bound hereby, agree as follows:
AGREEMENT
1. Except as otherwise defined in this First Amendment, terms used herein
shall have the same meaning as ascribed to them in the Lease.
2. Section 1.
a. TENANTS AREA, the usable square footage is increased from 6909 to
9309 square feet.
b. TENANTS PROPORTIONATE SHARE will increase from 37.27% to 50.22%.
c. BASE RENT is amended as follows:
INITIAL TERM: $110,544.00 + $12,000.00 = $122,544.00 YEAR $10,212.00 MONTH
FIRST RENEWAL $110,544.00 + $16,000.00 = $126,544.00 YEAR $10,545.33 MONTH
SECOND RENEWAL $117,453.00 + $20,000.00 = $137,453.00 YEAR $11,454.42 MONTH
THIRD RENEWAL $126,089.25 + $24,000.00 = $150,089.25 YEAR $12,507.44 MONTH
FOURTH RENEWAL $139,907.25 + $28,000.00 = $167,907.25 YEAR $13,992.27 MONTH
3. Except as modified by the First Amendment, all other terms, conditions,
covenants, conditions and agreements as set forth in the Lease remain
unchanged and in full force and effect.
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IN WITNESS WHEREOF, the undersigned parties have set their hands and seals
on the date first written above.
LANDLORD:
Witness: XXXXXXXXXXX FAMILY PARTNERSHIP, LP
/s/ Xxxx X. Xxxxxxxxxxx By: /s/ Xxxxxxx X. Xxxxxxxxxxx, Xx.
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Xxxxxxx X. Xxxxxxxxxxx, Xx.
General Partner
TENANT:
RED XXXX BREWING CO.
By: /s/ Xxxxx X. Xxxx President
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Xxxxx X. Xxxx, President
Attest: /s/
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[/CORPORATE SEAL]
