AMENDMENT NO. 02 TO COMMERCIAL SUBLEASE
Exhibit 10.39
AMENDMENT NO. 02 TO
COMMERCIAL SUBLEASE
COMMERCIAL SUBLEASE
This Amendment No. 02 to Commercial Sublease (this “Amendment”) is made and entered
into as of December 18, 2005, by and between PSC Management Limited Partnership, a Texas limited
partnership (“Sublessor”), and Xxxxx Services Company, LLC, a Texas limited liability
company (“Sublessee”).
WITNESSETH
WHEREAS, Sublessor and Sublessee entered into that certain Commercial Sublease (as heretofore
amended, the “Sublease”), dated November 1, 2002 (the “Sublease Effective Date”),
with respect to approximately 23,424 rentable square feet of space (the “Property”), as
more particularly described in the Sublease, and located at 0000 Xxxx Xxxxx Xxxxxxx, Xxxx xx Xxxxx,
Xxxxxx Xxxxxx, Xxxxx;
WHEREAS, by Amendment No. 01 to Commercial Sublease dated effective as of March 1, 2005,
Sublessor and Sublessee extended the term of the Sublease and expanded the Property by an
additional 1,546 rentable square feet of space so that the Property now consists of approximately
24,970 rentable square feet; and
WHEREAS, Sublessor and Sublessee now wish to enter into this Amendment to further amend the
Sublease in the manner set forth herein;
NOW THEREFORE, in consideration of the foregoing, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as
follows:
1. Defined Terms. Except as specified to the contrary in this Amendment, all
capitalized, but undefined terms in this Amendment have the same meanings ascribed to them in the
Sublease.
2. Rental. The Sublease is amended to be effective as of the Sublease Effective Date
by deleting Section 5 in its entirety and substituting the following in lieu thereof:
“From the commencement of the term of this Sublease through October 31, 2005,
Sublessee agrees to pay Sublessor, without offset or demand, at such place as
Sublessor shall designate, a monthly rent equal to one-twelfth of $15.50 per
rentable square foot of the Property. Commencing on November 1, 2005 and continuing
through the remainder of the term, the monthly rent shall increase to $16.83 per
rentable square foot of the Property. Rent shall be due and payable on the first
day of each month during the term of this Sublease and rent for partial months shall
be prorated on a daily basis. Notwithstanding the foregoing, so long as H. Xxxx
Xxxxx, Xx. (“HRP”) is chairman or a member of the board of directors of PSC,
no rent or costs hereunder shall be payable by Sublessee with respect to the 2,784
rentable square feet of the Property used as HRP’s office. In addition to monthly
rent, Sublessee shall pay Sublessor a supplemental electricity charge of $88,299.59
(the “Supplemental Electricity Charge”) in twenty-four (24) monthly
installments of $3,679.15 each, payable on the first day of each month beginning on
December 1, 2005 and continuing regularly thereafter. If for any reason this
Sublease is terminated prior to the payment in full of the Supplemental Electricity
Charge, Sublessee shall pay Sublessor the unpaid balance thereof within ten (10)
business days following the date of such termination.”
3. Conflicts. The terms of this Amendment prevail if there is a conflict with the
terms of the Sublease.
Amendment No. 2 to Commercial Sublease | 1 |
4. Ratification The Sublease, as amended and modified hereby, is ratified and
confirmed by the parties as being in full force and effect.
5. Counterparts; Facsimile Signatures. This Amendment may be executed in two or more
counterparts, each of which is deemed an original and all of which together constitute one and the
same instrument. Facsimile signatures are binding on the party providing them.
SUBLESSOR: | ||||||||
PSC MANAGEMENT LIMITED PARTNERSHIP, a Texas limited partnership |
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By: | PSC GP Corporation, a Delaware corporation, its general partner |
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By: | /s/ Xxx X. Xxxxx | |||||||
Name: Xxx X. Xxxxx Title: Secretary |
SUBLESSEE: XXXXX SERVICES COMPANY, LLC, a Texas limited liability company |
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By: | /s/ X. X. Xxxx, III | |||
Name: | X. X. Xxxx, III | |||
Title: | CEO | |||
Amendment No. 2 to Commercial Sublease | 2 |