ADDENDUM #2 TO LEASE
THIS ADDENDUM TO LEASE executed this 23rd day of August, 1996, between
XXXXXX XXXXXX, an adult individual having an office at 0000 Xxxx Xxxxxx Xxxxxx,
Xxxx, Xxxxxxxxxxxx 00000-0000, hereinafter referred to as 'Lessor', and
DANSKIN, INC., a corporation having its principal offices at 000 Xxxx 00xx
Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, hereinafter referred to
as 'Lessee'.
WHEREAS, Lessor and Lessee executed a Lease Agreement dated September 12,
1990, for approximately 109,569 sq. ft. of the premises being located at 0000
Xxxx Xxxxxx Xxxxxx in York, Pennsylvania (hereinafter 'Lease'); and
WHEREAS, the parties extended the terms of the Lease for an additional 3
years, to September 11, 1996 and increased the area by 37,000 sq. ft. to 146,569
sq. ft., as per the Addendum dated February 5, 1993 (hereinafter 'Addendum');
and
WHEREAS the parties desire to extend the term of said Lease for an
additional three years beyond it current term beginning on September 12, 1996,
and, to decrease the premises being leased by Lessee from Lessor by
approximately 12,000 sq. ft. to approximately 134,569 sq. ft.
NOW, THEREFORE, in consideration of the mutual covenants herein contained,
as well as for other good and valuable consideration, the receipt and adequate
of which is hereby acknowledged, the parties agree as follows:
1. The parties hereby agree to extend the termination date of their Lease
to September 11, 1999.
2. The parties agree that, effective September 12, 1996, Lessee will lease the
original 109,569 sq. ft. described on Exhibit 'A' to the Lease, plus an
additional area containing approximately 25,000 sq. ft. as described in
Exhibit 'B' attached hereto and incorporated herein by reference.
3. Lessee agrees to pay Lessor as rental for the total leased area of
approximately 134,569 sq. ft. the sum of $324.26 per month beginning
September 12, 1996.
4. All the remaining terms and conditions of the Lease shall remain unchanged
and are hereby ratified by the parties.
IN WITNESS WHEREOF, The parties have hereunto set their hands and seals the
day and the year first above written.
Witness:
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LESSOR
Attest:
Xxxxx X. Xxxx Xxxxxxx Xxxxxx
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LESSEE
