Exhibit 10.11
SECOND AMENDMENT
TO LEASE DATED MAY 3, 1994
BY AND BETWEEN
▇▇▇▇ G. B. ▇▇▇▇▇▇▇, JR. ("LANDLORD")
AND
THE ▇▇▇▇▇▇▇ COMPANY, INC. ("TENANT")
Effective July 1, 1999 this Second Amendment replaces ARTICLE V, Section
5.02, and adds to ARTICLE X, Section 10.02 of the Lease Dated May 3, 1994, by
and between ▇▇▇▇ G. B. ▇▇▇▇▇▇▇, Jr., LANDLORD and The ▇▇▇▇▇▇▇ Company, Inc.,
TENANT.
Replace Article V, Section 5.02 with the following:
"REAL PROPERTY TAX. TENANT shall reimburse LANDLORD for all real property
taxes and assessments on the Premises in excess of $19,600 due annually."
Add the following to Article X, Section 10.02:
"TENANT shall reimburse LANDLORD for the cost of property insurance on
premises that is in excess of $2,200 annually."
ACCEPTED AND AGREED:
TENANT: THE ▇▇▇▇▇▇▇ COMPANY, INC.,
a North Carolina Corporation
[GRAPHIC OMITTED]
[CORPORATE SEAL] BY: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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Treasurer
Date: 6-29-99
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ATTEST:
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Asst. Secretary
LANDLORD:
/s/ ▇▇▇▇ G. B. ▇▇▇▇▇▇▇, Jr. (SEAL)
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▇▇▇▇ G. B. ▇▇▇▇▇▇▇, Jr.
Date: 6-30-99
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