LAW\13085\301036.01
SECOND AMENDMENT TO LEASE AGREEMENT
THIS SECOND AMENDMENT TO LEASE AGREEMENT ("Second Amendment") is made
and entered into by and between XXXXXX X. AND XXXX XXXXX ("Landlord") and
VARI-L COMPANY, INC., a Colorado corporation ("Tenant").
RECITALS
A. Landlord and Tenant have heretofore executed a certain Lease
Agreement dated and effective as of July 14, 1995, as amended by Amendment
to Lease Agreement dated and effective as of September 1, 1995 (the "Lease
Agreement"), with respect to certain leased premises (the "Premises") at
00000 Xxxx Xxxxxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxx, which Premises contain
approximately 8,836 square feet of space, as more particularly described
in the Lease Agreement, reference to which is hereby made for all
purposes.
B. Landlord and Tenant desire to amend certain provisions of the
Lease Agreement as more particularly provided for herein.
NOW THEREFORE, for and in consideration of the mutual covenants
contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby expressly acknowledged, Landlord and
Tenant do hereby agree as follows:
1. Except as otherwise expressly defined herein, capitalized terms
used in this Second Amendment shall have the meanings ascribed to them in
the Lease Agreement
2. Landlord and Tenant have agreed to extend the term of the Lease
Agreement. In order to facilitate these changes, Landlord and Tenant have
agreed to the modifications of the Lease Agreement set forth in this
Second Amendment.
3. Paragraph 2 of the Lease Agreement is hereby deleted in its
entirety and replaced with the following:
The term of this Lease shall commence at 12:00 noon on August 1,
1996 and shall end on August 1, 2004.
4. Except as amended hereby, all terms of the Lease Agreement shall
remain unchanged and in full force and effect, and as amended hereby, the
Lease Agreement is ratified and confirmed by the parties.
IN WITNESS WHEREOF, Landlord and Tenant have executed this Second
Amendment effective as of the 31st day of July, 1998.
TENANT:
VARI-L COMPANY, INC., a Colorado
corporation
By:/s/Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxxx, President
LANDLORD:
XXXXXX X. AND XXXX XXXXX
By:/s/Xxxxxx X. Xxxxx
Xxxxxx X. Xxxxx
