Notice of Sublease Extension between Dynamic Materials Corporation and Mypodiamond, Inc.
Dynamic Materials Corporation (DMC) notifies Mypodiamond, Inc. of its decision to extend their existing sublease for an additional five years. The new term will run from December 16, 2005, to December 15, 2010, as allowed under the original sublease agreement. This notice fulfills the requirement for written notification to exercise the extension option.
Exhibit 10.3
July 29, 2004
Mypodiamond, Inc.
Fayette Business Park
1101 Mt. View Drive
Smithfield, PA 15478
To SUBLANDLORD:
Pursuant to Section 5 of the Sublease dated December 16, 2000 between Mypodiamond, Inc. and Dynamic Materials Corporation (DMC), DMC hereby provides written notice of its intent to exercise the extension option for a first additional term of five (5) years that will extend the term of the Sublease from December 16, 2005 until 11:59 p.m., eastern standard time, on December 15, 2010.
Sincerely, |
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Richard A. Santa |
Vice President and CFO |
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cc: Richard P. Eckman, Pepper Hamilton LLP |