Amendment to Lease Agreement Between Doug Hughes Properties, LLC and Cybex International, Inc.
This amendment updates the lease agreement between Doug Hughes Properties, LLC (landlord) and Cybex International, Inc. (tenant) originally dated July 21, 2005. The amendment requires the landlord to assist the tenant in developing and analyzing facility options. It also removes the tenant's previous option to repurchase the property. Both parties have agreed to these changes as of December 23, 2005.
EXHIBIT 10(u)(2)
LEASE AMENDMENT
This agreement amends the lease agreement between Doug Hughes Properties, LLC (Landlord) and Cybex International, Inc. (Tenant) dated July 21, 2005 as follows:
To Paragraph 16 will be added as 16(c):
Doug Hughes Properties, LLC agrees to be available to Cybex to assist in developing and analyzing facility options.
Paragraph 16(b) will be deleted, eliminating Tenants option to repurchase the property.
TENANT | ||||
By: | /s/ Arthur W. Hicks, Jr. | Title: Chief Financial Officer | ||
Corporate Name: Cybex International, Inc. | Date: 12/23/2005 |
LANDLORD | ||||
By: | /s/ Douglas W. Hughes | Title: President | ||
Corporate Name: Doug Hughes Properties, LLC | Date: 12/23/2005 |