First Amendment to Lease Agreement between Frost National Bank, Trustee, and Argyle Security Acquisition Corporation
This amendment extends the original lease agreement between Frost National Bank, as Trustee for a Designated Trust (Landlord), and Argyle Security Acquisition Corporation (Tenant) for Suite 700 at Concord Plaza, San Antonio, Texas. The lease term is extended for six months, from February 1, 2007, to July 31, 2007. All other terms of the original lease remain unchanged unless specifically modified by this amendment. Both parties have agreed to these changes as of January 19, 2007.
Exhibit 10.9
FIRST AMENDMENT TO LEASE AGREEMENT
This First Amendment to Lease Agreement (this Amendment) is made and entered into as of The19th day of January, 2007 by and between Frost National Bank, Trustee for a Designated Trust (Landlord) and Argyle Security Acquisition Corporation (Tenant).
WITNESSETH
WHEREAS, Landlord and Tenant entered into that certain Lease Agreement dated April 20, 2006 (the Lease) pursuant to which the Landlord has leased to Tenant, and Tenant has leased from Landlord the Premises identified as Suite 700 containing 2,547 rentable square feet in the Building known as Concord Plaza, 200 Concord Plaza, San Antonio, Texas 78216 (the Premises).
WHEREAS, Landlord and Tenant now desire to amend the Lease pursuant to the terms and provisions set forth herein.
NOW, THEREFORE, for and in consideration of Ten and No/l00 Dollars ($10.00), the premises and mutual agreements contained herein, and the exchange of other good and valuable consideration between the parties hereto, the receipt and sufficiency of which is hereby acknowledged, Landlord and Tenant agree that the Lease is amended as follows:
1. All capitalized terms used in this Amendment, to the extent not otherwise expressly defined herein, shall have the same meanings ascribed to such terms in the Lease.
2. The Term of the Lease is hereby extended for six (6) months commencing February 1, 2007 and ending at 6:00 p.m. on July 31, 2007 (Extended Term).
3. Except as amended herein, the terms and conditions of the Lease shall continue in full force and effect and are hereby ratified in their entirety. To the extent, if any, that the terms and conditions of this Amendment conflict with the terms and conditions of the Lease, the Lease as amended accordingly, and the terms and conditions of this Amendment shall control.
4. This Amendment may be executed in one (1) or more counterparts, each of which when taken together shall constitute but one and the same Amendment. Counterparts bearing facsimile signatures shall be deemed to constitute originals.
Executed as of the date first written above.
LANDLORD: |
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| TENANT: |
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FROST NATIONAL BANK, TRUSTEE |
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| ARGYLE SECURITY ACQUISITION |
FOR A DESIGNATED TRUST |
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| CORPORATION |
By: |
| REOC Partners, Ltd., a Texas limited | By: | /Bob Marbut/ |
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| partnership As Agent for Landlord | Name: Robert Marbut | |
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| Title: CEO and Chairman | |
By: |
| GWHLT, L.L.C., a Texas limited liability |
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| Company, Its General Partner |
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By: | /Todd A. Gold/ |
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Name: | Todd A. Gold | |
Title: | President |