BROWNSVILLE NAVIGATION DISTRICT
CONTRACT NO. 2823 "H"
THE STATE OF TEXAS )(
COUNTY OF CAMERON )(
LEASE AMENDMENT
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WHERAS, by Lease Agreement, the BROWNSVILLE NAVIGATION DISTRICT OF
CAMERON COUNTY, TEXAS, leased and let to PENN OCTANE CORPORATION, 14.76
acres of land in Cameron County, Texas; and
WHEREAS, the said Lessee desires to increase the size and said leased
premises; NOW THEREFORE,
THIS CONTRACT between the BROWNSVILLE NAVIGATION DISTRICT OF CAMERON
COUNTY, TEXAS, herein styled "District" and PENN OCTANE CORPORATION, a Texas
corporation, hereinafter styled "Lessee"
W I T N E S S E T H:
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1.
The aforesaid lease is amended so as to be increase the leased premises
by adding 16.40 acres which are described in Exhibit "A" attached hereto and
made a part hereof for all purposes.
2.
The annual rental shall be increased to Seventy Four Seven Hundred Eighty Four
and 00/100 Dollars ($74,784.00) effective April 15, 1997, payable
semi-annually installments of $37,392.00 on the 15th of April and October.
3.
All other terms and provisions of said lease are continued in force.
IN TESTIMONY WHEREOF, said BROWNSVILLE NAVIGATION DISTRICT OF CAMERON
COUNTY, TEXAS, has caused these presents to be executed by its proper officers
thereunto duly authorized, and PENN OCTANE CORPORATION, has executed these
presents, this 7th day of May, 1997.
BROWNSVILLE NAVIGATION DISTRICT OF
CAMERON COUNTY, TEXAS
ATTEST: By: /S/ XXXXX XXXXXXXXXX
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Xxxxx Xxxxxxxxxx, Xx., Chairman of the
Board of Navigation and Canal Commissioners
___________________________ of the Brownsville Navigation District of
Secretary Cameron County, Texas
LEASE AMENDMENT
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PENN OCTANE CORPORATION
ATTEST: By: /S/ XXXXXX X. XXXXXXX
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XXXXXX X. XXXXXXX
/S/ XXX X. XXXXXXXX
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XXX X. XXXXXXXX
Secretary
THE STATE OF TEXAS )(
COUNTY OF CAMERON )(
This instrument was acknowledged before me on the ______ day of
___________, 1997, by XXXXX XXXXXXXXXX, XX., in his capacity as Chairman of
the Board of Navigation and Canal Commissioners of the Brownsville Navigation
District of Cameron County, Texas.
__________________________________________
Notary Public in and for the State of Texas
My Commission Expires: _____________________
THE STATE OF TEXAS )(
COUNTY OF CAMERON )(
This instrument as acknowledged before me on the _____ day of
_____________, 1997, by ________________________,
_________________________________ of PENN OCTANE CORPORATION, a _________
corporation, in behalf of said corporation.
__________________________________________
Notary Public in and for the State of Texas
My Commission Expires: _____________________
LEASE AMENDMENT
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