Second Amendment to Lease Agreement between John G. B. Ellison, Jr. and VES, Inc. (Effective July 1, 1999)

Summary

This amendment updates the original lease agreement dated May 3, 1994, between landlord John G. B. Ellison, Jr. and tenant VES, Inc. It requires the tenant to reimburse the landlord for any real property taxes exceeding $4,900 per year and for property insurance costs exceeding $600 per year. The amendment is effective as of July 1, 1999, and is agreed to by both parties.

EX-10.15 18 a2035061zex-10_15.txt EXHIBIT 10.15 Exhibit 10.15 SECOND AMENDMENT TO LEASE DATED MAY 3, 1994 BY AND BETWEEN JOHN G. B. ELLISON, JR. ("LANDLORD") AND VES, INC., D/B/A VES EXTRUSIONS, INC. AND ELLISON EXTRUSION SYSTEMS, INC., ("TENANT") Effective July 1, 1999 this Second Amendment replaces ARTICLE V, Section 5.02, and adds to ARTICLE X, Section 10.02 of the Lease Dated May 3, 1994, by and between John G.B. Ellison, Jr., LANDLORD and VES, Inc., TENANT REPLACE ARTICLE V, SECTION 5.02 WITH THE FOLLOWING: "REAL PROPERTY TAX. TENANT shall reimburse LANDLORD for all real property taxes and assessments on the premises in excess of $4,900 due annually." ADD THE FOLLOWING TO ARTICLE X, SECTION 10.02: "TENANT shall reimburse LANDLORD for the cost of property insurance on premises that is in excess of $600 annually." ACCEPTED AND AGREED: TENANT: VES Inc., a Delaware Corporation By: /s/ C. Douglas Cross ------------------------------------- C. Douglas Cross, President (CORPORATE SEAL) ATTEST: /s/ Elaine M. Roberts - --------------------------------------- Elaine M. Roberts, Assistant Secretary LANDLORD: /s/ John G. B. Ellison, Jr. (SEAL) ------------------------- John G. B. Ellison, Jr.