Exhibit 10.10
AMENDMENT
TO LEASE DATED MAY 3, 1994
BY AND BETWEEN
XXXX G. B. XXXXXXX, JR. ("LANDLORD")
AND
THE XXXXXXX COMPANY, INC. ("TENANT")
Whereas Landlord completed a 183,210 square foot addition ("the Addition")
to the manufacturing/warehouse facility located on the Premises, and whereas the
Tenant occupied this additional space as of July 1, 1997; the parties hereby
confirm their agreement as to the minimum rent which applies to the Addition.
Tenant agrees to pay to Landlord Minimum Rent for use of the Addition in
the amount of FIVE HUNDRED SEVENTY-TWO THOUSAND, ONE HUNDRED, SIXTY-NINE AND
96/100 Dollars ($572,169.96) per annum, payable in equal monthly installments of
FORTY-SEVEN THOUSAND, SIX HUNDRED, EIGHTY AND 83/100 Dollars.
Therefore, the total Minimum Rent for 376,210 (193,000 plus 183,210)
total square feet is ONE MILLION, ONE HUNDRED SEVENTY-TWO THOUSAND, FOUR
HUNDRED AND NO/100 Dollars ($1,172,400.00) per annum, payable in equal
monthly installments of NINETY-SEVEN THOUSAND, SEVEN HUNDRED AND NO/100
Dollars ($97,700.00).
The Addition is hereby deemed part of and inseparable from the Premises
referred to in the Lease, and therefore, subject to all the terms and provisions
of said Lease.
ACCEPTED AND AGREED:
TENANT: THE XXXXXXX COMPANY, INC.,
A North Carolina Corporation
(CORPORATE SEAL)
BY: /s/ Xxxx G. B. Xxxxxxx
----------------------------
President
ATTEST:
/s/ Xxxxxx Xxxxxxx
------------------------
Asst. Secretary
LANDLORD:
/s/ Xxxx G. B. Xxxxxxx Xx.(SEAL)
--------------------------
Xxxx G. B. Ellison Jr.
