Lease Amendment I between Indian Creek Company, L.P. and Boat America Corporation, dated November 25, 1996

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Summary

This amendment updates the original lease agreement between Indian Creek Company, L.P. (landlord) and Boat America Corporation (tenant). The lease, originally set to expire on November 30, 1996, is extended for five years, with an option for the tenant to renew for an additional five years. The amendment also updates the landlord's legal entity name and removes the section on rental adjustments. All other terms of the original lease remain in effect.

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EX-10.8.1 6 dex1081.htm LEASE AMENDMENT I, DATED NOVEMBER 25, 1996 Lease Amendment I, dated November 25, 1996

Exhibit 10.8.1

 

LEASE AMENDMENT I

 

This lease amendment is made this 25th day of November 1996, and attached to that certain lease agreement dated the 1st day of December 1986, by and between Indian Creek Company (ICC), a Virginia Limited Partnership (“Landlord”) and Boat America Corporation, a Virginia Corporation (“Tenant”).

 

Whereas, that certain lease is to expire on November 30, 1996, and that both Landlord and Tenant desire the lease to continue; now, therefore, Landlord and Tenant agree to continue to be bound by the terms, conditions and covenants of that certain lease dated the 1st day of December 1986, except as amended as follows: (all section headings refer to that certain lease dated the 1st of December 1986).

 

1. The name Indian Creek Company, a Virginia general partnership, shall be replaced by Indian Creek Company, a Virginia limited partnership.

 

2. I.B. Term: The term of this lease shall be for a period commencing on December 1, 1996, and expiring at midnight on November 30, 2001, (the “Term”), unless sooner terminated in accordance with the provisions hereof. At the option of the Tenant, the Lease may be renewed for one (1) additional five-year period.

 

3. Delete II.-B. Rental Adjustments.

 

In witness whereof, the parties hereto have executed this lease amendment on the day and year set forth below.

 

       

LANDLORD

WITNESS:

      

    INDIAN CREEK, L.P., a Virginia limited partnership

/s/ Debbie Hart

          

By:

  

/s/ Richard Schwartz

               

Richard Schwartz, President

               

Marlboro Technologies, Inc.,

               

General Partner

Dated: June 18, 1997

                
       

TENANT

WITNESS:

      

    BOAT AMERICA CORPORATION, a Virginia Corporation

/s/ P. Bass

          

By:

  

/s/ William M. Oakerson

               

William M. Oakerson, President

Dated: June 18, 1997