Exhibit 10.35 Lease Extension Agreement Between Steroben Associates and
Technology Service Group, Inc. Dated August 1, 1996.
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LEASE EXTENSION AGREEMENT
This agreement made and entered into this 30th day of August, 1996, by and
between STEROBEN ASSOCIATES, hereinafter called the "Lessor" and Technology
Service Group, Inc., hereinafter referred to as "Lessee".
Whereas by Lease dated August 1, 1986, Lessor or predecessors in title leased
unto Lessee or predecessor in title, certain premises situate in the Town of
Orange in the County of Orange, Virginia, and fronting along the northern margin
of 000 Xxxx Xxxxxx in said town.
Whereas, Lessor and Lessee mutually desire to extend said lease as set forth
below:
1. Now Therefore, in consideration of the premises and other good and valuable
consideration, parties mutually agree to extend the said lease referenced above,
for an additional term of one (1) year from August 1, 1996 to July 31, 1997,
upon the same terms, conditions and covenants as therein contained, yielding and
paying therefore during the continuance of this lease extension, a monthly
rental of Six Thousand Six Hundred Seventy Five Dollars ($6,675.00), payable
monthly in advance, with the right herein given to Lessee to renew the lease for
five (5) additional terms of one (1) year each, by giving Lessor ninety (90)
days written notice prior to the end of the then current term. If the lease is
not renewed for any additional term of one (1) year the lease will run on a
month to month basis and can be terminated by either party by giving ninety (90)
days prior written notice to the other party.
2. All other terms and conditions of the original lease dated August 1, 1986,
will remain in full force and effect throughout the extension periods.
The rights, privileges and terms herein shall extend to and be binding upon the
Lessor and Lessee and their representatives, heirs, successors and assigns.
In witness whereof, Lessor and Lessee have hereunto set their hands and seals
the day and year first written above.
Signed sealed and delivered in the presence of:
STEROBEN ASSOCIATES
_____________________________ BY: /s/ XX Xxxxxxx (SEAL)
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GENERAL PARTNER
TECHNOLOGY SERVICE GROUP, INC.
/s/ Xxxxxxx Xxxxx BY: /s/ Xxx Xxxxxx (SEAL)
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