C B ASSOCIATES
00000 Xxxxxx Xxxxx
Xxxx Xxxxx, XX 00000
(000) 000-0000 Fax (000) 000-0000
LEASE EXTENSION AGREEMENT
It is thereby agreed by and between Lessor, C. B. Associates, and Lessee, UNAPIX
INTERNATIONAL, that the lease at 0000 Xxx Xxxx Xxxxxxxxx, Xxxxxxx Oaks, on Suite
301, is hereby extended for two years, commencing April 1, 1997 through March
31, 1999 at the new rental rate of $2,300 per month for the first year (April 1,
1997 through March 31, 1998), and $2,350 per month for the second year (April 1,
1998 through March 31, 1999). All the other terms and conditions to remain the
same.
That the lease at 0000 Xxx Xxxx Xxxxxxxxx, Xxxxxxx Oaks, on Suite 302, is hereby
extended for two years, commencing April 1, 1997 through March 31, 1999 at the
current rental rate of $1,500 per month for the two-year period. All the other
terms and conditions to remain the same.
Lessee agrees to give Lessor notice 90 days before the end of the above
referenced terms as to whether Lessee intends to further extend said leases. If
Lessee does not intend to extend, Lessor shall have the right to show and market
said suite during the final 90 days of said term.
Dated: March 12, 1997 Dated: 3/11/97
C B ASSOCIATES UNAPIX INTERNATIONAL
Lessor Lessee
By: /s/ Xxxxxxx Xxxxxxxx BY: /s/ Xxxxx Xxxxxx
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Xxxxx Xxxxxx
