LEASE AMENDMENT AND EXTENSION AGREEMENT
LEASE AMENDMENT AND EXTENSION AGREEMENT This Lease Amendment and Extension Agreement (Agreement) is made and entered into on the 31st day of August, 2003 by and between SCRIPT SOLUTIONS, INC. a Delaware Corporation, successor in interest to Pro-Mark Holdings Inc. a Delaware Corporation, (the "Tenant"), and MUTUAL PROPERTIES STONEDALE LLC , successor in interest to Mutual Properties Stonedale L.P. hereinafter referred to as "Landlord", |
3. RENT: The Base Rent payable during the Term shall be as follows: |
a. | From September 1, 2003 through and including October 31, 2003, the Base Rent shall payable in equal monthly installments of $22,800.00. | |
b. | From November 1, 2003 through and including November 30, 2003, the Base Rent shall payable in equal monthly installments of $17,379.00. | |
c. | From December 1, 2003 through and including September 30, 2005, the annual Base Rent shall be $108,696.00 payable in equal monthly installments of $9,058.00. |
Beginning on September 1, 2003 through October 31, 2003, Tenant shall pay monthly in advance the amount of $4,310.00 as its estimated Pro Rata Share of the Operating Costs of the Property. Beginning on November 1, 2003 through November 30, 2003, Tenant shall pay monthly in advance the amount of $3,295.00 as its estimated Pro Rata Share of the Operating Costs of the Property. Beginning on December 1, 2003 and continuing throughout the Term, Tenant shall pay monthly in advance the amount of $1,745.00 as its estimated Pro Rata Share of the Operating Costs of the Property. |
IN WITNESS WHEREOF, the Landlord and Tenant have hereunto set their hands as of the day and date first above written. |
SCRIPT SOLUTIONS INC. TENANT /s/ Barry A. Posner By: ______________________________________ It's ________________________________________ Duly Authorized | |
MUTUAL PROPERTIES STONEDALE LLC LANDLORD /s/ Stephen Soscia, Managing Member By: Stephen Soscia, Managing Member |