Addendum to Sublease Agreement between AMS Tijuana S.A. de C.V. and Centurion International Mexico, S.A. de C.V.

Contract Categories: Real Estate Lease Agreements
Summary

AMS Tijuana S.A. de C.V. (Sub-Lessor) and Centurion International Mexico, S.A. de C.V. (Sub-Lessee) have agreed to extend their sublease for production and office space in Tijuana, Mexico, for an additional year, from February 15, 2000, to February 14, 2001. All terms of the original agreement remain in effect except for the rent, which is set at $7,106.36 per month plus VAT and may be adjusted if the main lease rent increases. Both parties have signed and witnessed the addendum.

EX-10.20 27 y40377ex10-20.txt ADDENDUM TO SUBLEASE AGREEMENT 1 Exhibit 10.20 AMS Tijuana S.A. de C.V. ("Sub-Lessor") and Centurion International Mexico, S.A. de C.V. ("Sub-Lessee) entered into an Agreement on April 9, 1999, whereby Sub-Lessee agreed to sublease from Sub-Lessor 16,428.5 square feet of production area and 1,270 square feet of office space within the building located at Paseo Reforma s/n B-1, Fracc. Rubio, Parque Industrial La Mesa, Tijuana, Baja California, for the period February 15, 1999 until February 14, 2000 (the "Agreement"). Sub-Lessor and Sub-Lessee mutually agree to continue the provision of the Agreement for the period February 15, 2000 through February 14, 2001 ("extension period"). All provisions of the original Agreement will remain in force during the extension period, with the exception of III. Rent a), which shall be amended to read: Sub-Lessee shall pay Sub-Lessor the amount of US$7,106.36 (seven thousand one hundred six and 36/100) Dollars Currency of the United States of America, calculated at XX cents Currency of the United States of America per each square foot plus the corresponding VAT, as monthly rent for the sublease of the Subleased Area. This rent amount will be adjusted from time to time to reflect proportionally any rent increase imposed by provisions of the Lease Agreement between Sub-Lessor and Banca Promex, S.A. SUB-LESSOR SUB-LESSEE By: /s/ illegible By: /s/ William E. Campbell -------------------------- -------------------------- Date: 3/6/00 Date: 3/1/00 ------------------------ ------------------------ Witness: /s/ illegible Witness: /s/ Lorie Rogerson --------------------- ---------------------