LEASE EXTENSION AGREEMENT
THIS LEASE EXTENSION AGREEMENT is made and entered into by and between
▇▇▇▇▇▇▇▇-▇▇▇▇▇▇ Mfg. Co., as Lessor, and Easy Gardener Acquisition Corp, as
Lessee, upon the following terms, conditions, considerations and agreements.
WHEREAS by that one certain Lease Agreement (the "Lease") dated 8-1-89
executed by Lessor and Lessee, Lessor leased unto Lessee the "Leased Premises"
as described therein and being described herein as follows:
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▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇
WHEREAS Lessor and Lessee desire to extend the Lease in accordance with the
terms thereof;
NOW THEREFORE, for and in consideration of the foregoing, and the
agreements of the parties hereafter set forth, it is agreed as follows:
1. LEASE EXTENSION. The Lease is hereby extended and renewed for a term of
Thirty-nine (39) months, ("Extended Term") with the extended term beginning on
the 1st day of November 1, 1997 and ending on the 28th day of February, 2001.
2. RENT. The monthly base rental for the Extended Term shall be the sum of
$18,543.96 beginning February 1, 1998 thru February 28, 2001.
Rent will be abated for these periods:
November 1997 $18543.96
December 1997 $18543.96
January 1997 $12912.08
(total rent due in January is $5631.88)
3. OTHER TERMS. All of the terms, provisions, covenants, and agreements
contained in the Lease, except as may be specifically modified herein, shall be
fully applicable throughout the Extended Term.
4. BINDING EFFECT. The execution hereof and the resulting extension and/or
modification of the Lease, shall not in any way relieve or diminish the
obligations, responsibilities or liability of any Lessee or any guarantor of any
Lessee under the Lease, and it is agreed that all such obligations,
responsibilities and liability, and security therefor, shall continue throughout
the Extended Term. This Agreement shall be binding upon the parties hereto and
their respective heirs, executors, successors and assigns.
5. CHANGES OR ADDITIONS.
1. Monthly rental rate will change if taxes and insurance increase.
Lessor will provide tax receipts and/or copies of insurance statements
should either of these increase.
2. New total lease space size is 206,044 sq. ft. Please see attached
Exhibit "A" site plan.
EXECUTED this 16th day of October, 1997.
▇▇▇▇▇▇▇▇-▇▇▇▇▇▇ Mfg. Co. Easy Gardener Acquisition Corp.
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, III /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, III, Pres. "Lessee"
"Lessor" ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, VP Operations