AGREEMENT FOR MODIFICATION AND EXTENSION OF LEASE
AGREEMENT between Xxxxxx X. Xxxxx, Xx. Xxxx xxxxxx Xxx 0000, Xxxxx Xxxxx, XX
00000 hereinafter "Landlord" and Pillowtex Corporation, a corporation
existing under the laws of the State of Texas, with an office at 0000 Xxxx
Xxx, Xxxxxx, Xxxxx 00000, hereinafter "Tenant" modifying and extending the
lease dated October 12, 1988 between the above fore-mentioned as it relates
to a certain tract or parcel of land located in the Southwest quadrant of
Xxxxx and South Xxxxx Street, Rocky Mount, Xxxx County, North Carolina.
WITNESSETH: That for one dollar ($1.00) and other valuable consideration by
each of the parties hereto mentioned to the other in hand paid, receipt
whereof is hereby reciprocally acknowledged, said lease is hereby modified
and extended to October 31, 1998, at a rental of one hundred six thousand and
two hundred dollars ($106,200.00) per annum for said term commencing November
1, 1994 and terminating October 31, 1998, which rent shall be paid in equal
monthly installments of eighty eight hundred and fifty dollars ($8,850.00).
It is further expressly and agreed that in all other respects said lease
shall be unmodified and in full force.
IN WITNESS WHEREOF the Landlord has caused these present to be signed and
witnessed and the Tenant has hereunto caused these present to be signed by
the Secretary and another duly authorized officer.
/s/ (Signature Illegible) /s/ (Signature Illegible)
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WITNESS LANDLORD
/s/ (Signature Illegible) /s/ (Signature Illegible)
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SECRETARY TENANT
