Exhibit 10.3
[Pizzeria Uno Restaurant & Bar Letterhead]
November 17, 1992
Xx. Xxxxx X. Xxxxxxx
00 Xxxxxx Xxxx
Xxxxxx, XX 00000
Re: Lease for 000 Xxxxxxx Xxxx Xxxx
Xxxx Xxxxxxx, XX
Dear Xxxxx:
Please refer to the lease between Uno Restaurants, Inc., as Landlord, and
Xxxxx X. Xxxxxxx, as Tenant, for the premises at 000 Xxxxxxx Xxxx Xxxx, Xxxx
Xxxxxxx, XX. The lease is dated March 30, 1987, and is referred to as the
"Lease."
Xxxxxxxx and Xxxxxx agree to the following amendment of the Lease.
(a) Section 1 of the Lease is amended in that the term of the Lease shall
expire on March 29, 1997, and not on March 29, 1992.
(b) Section 2 of the Lease is amended in that from December 1, 1992, through
March 29, 1997, the base rent as set forth in Schedule A shall be $36,000
per annum payable in monthly installments of $3,000 per month, and not
$30,000 per annum payable in monthly installments of $2,500 per month.
(c) Section 23 of the Lease is amended in that Tenant shall have the right to
further extend the term of the Lease for only one and not two additional
periods of five years. If this one remaining option to extend is
exercised, the five year extension period will commence on March 30, 1997.
The parties agree that the Lease is in full force and effect. The parties
reaffirm all of the terms of the Lease except as amended by this letter.
Please execute this letter in the place provided below in order to indicate
your acceptance of its terms.
Very truly yours,
UNO RESTAURANTS, INC.
By: /s/ Xxxxxxx Xxxxxx
----------------------
Xxxxxxx Xxxxxx, its Vice President
AGREED:
By: /s/ Xxxxx X. Xxxxxxx
----------------------
Xxxxx X. Xxxxxxx
