SECOND AMENDMENT TO LEASE
This Agreement made and entered into this 31 day of December, 2000 by
and between Xxxxxx X. Xxxxxxxx, Xxxxx X. Xxxxxxxx and Xxxxxx X. Xxxxxxxx, as
Trustees of Oceana Way Associates (hereinafter called Landlord) and Elcom
International, Inc., a Delaware corporation (hereinafter called Tenant).
WITNESSETH:
WHEREAS, Landlord and Tenants predecessor in interest entered into a
lease dated July 15, 1993, as amended by an Agreement of Amendment dated October
20, 1997 (hereinafter called the Lease), with respect to a premises located at
00 Xxxxxx Xxx, Xxxxxxx, Xxxxxxxxxxxxx.
WHEREAS, Landlord and Tenant desire to extend the original term of the
Lease and modify certain provisions of the Lease.
NOW, THEREFORE, for valuable consideration, the Lease is hereby modified
and amended as follows:
1. The original term of the Lease is extended through July 31,
2006.
2. The Annual Fixed Rent Rate and Monthly Fixed Rent Rate for the
period August 1, 2001 through July 31, 2004 shall be $375,952
and $31,329.38, respectively, and for the period August 1, 2004
through July 31, 2006 shall be $429,660 and $35,805,
respectively.
3. Section 2.3 of the Lease is deleted in its entirety.
IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Second
Amendment to take effect as a sealed instrument.
LANDLORD
/s/ Xxxxxx X. Xxxxxxxx
As Trustee of Oceana Way Associates,
and not individually
/s/ Xxxxxx X. Xxxxxxxx
As Trustee of Oceana Way Associates,
And not individually
TENANT
ELCOM INTERNATIONAL, INC.
By: /s/ Xxxx Xxxxxxx
Its: Vice President of Finance and Treasurer
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