Addendum to Lease Agreement Between Fred B. Caffey and Hooker Furniture Corporation (Caffey Warehouse)
This addendum updates the lease agreement between Fred B. Caffey (Lessor) and Hooker Furniture Corporation (Lessee) for the Caffey Warehouse in Martinsville, Virginia. The lease is reactivated from November 1, 2002, to October 31, 2003, with rent set at $22,500 per month. The Lessee may renew the lease by giving 90 days' notice. All other terms of the original lease remain in effect except as specified in this addendum.
EXHIBIT 10.9
October 26, 2002
Addendum to lease dated March 14, 1994 by and between Fred B. Caffey, of Martinsville, Virginia herein referred to as “Lessor” and Hooker Furniture Corporation, of Martinsville, Virginia, herein referred to as “Lessee.” All portions of the said lease will be reactivated starting November 1, 2002 and ending October 31, 2003. The only exception will be Article Two listed below:
Article Two
Term, Rent, and Option
Lessor leases his property known as Caffey Warehouse located at 71 Gallagher Road off Highway 58 East of Martinsville to Lessee. The rent being $22,500 per month the rate being 18 cents per square foot per month. The rent us due and payable on the first of each month to lessor at 407 Starling Avenue, Martinsville, Virginia 24112. Lessee has option to renew with a 90 day notice to Lessor.
| Lessor | /s/ Fred B. Caffey Fred B. Caffey | |
| Lessee | /s/ E. Larry Ryder E. Larry Ryder Senior Vice President Finance and Administration |
