Amendment No. 1 To Lease Agreement

STATE OF GEORGIA


GWINNETT COUNTY


AMENDMENT NO. 1


THIS AMENDMENT NO. 1 to the Lease Agreement (the "Lease") dated the 8th day of August, 1997, by and between L-J Properties, Inc. ("Landlord") and Larson-Juhl Inc. ("Tenant"), made this 26th day of October 1993.


WITNESSETH


Whereas, Landlord leases to Tenant, and Tenant leases from Landlord "Leased Premises" (as defined in the Lease);


Whereas, Tenant desires to lease from Landlord that certain tract or parcel of land adjacent to the Leased Premises, as shown in Exhibit "A" (the "Adjacent Property"); whereas, the Landlord desires to lease to Tenant that certain tract or parcel of land adjacent to the Leased Premises;


Now, therefore, for and in consideration of the premises, the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby covenant and agree as follows:


1. Landlord and Tenant reaffirm that the Lease Agreement dated
the 8th day of August, 1991 by and between Landlord and Tenant
is in full force and effect.


2. Landlord hereby leases to Tenant, and Tenant hereby leases
from Landlord the Adjacent Property.


3. Term - to have and hold said Adjacent Property for a term
coterminus with the Lease Agreement (Section 2.01 and Section
29.01), commencing October 26, 1993.


4. Rental - As rental for the Adjacent Property, Tenant agrees to
pay L-J Properties, Inc., for the account of Landlord, the sum
of Thirty-six Thousand Four Hundred Eighty Dollars ($36,480)
per year, payable in monthly installments ("Monthly Base Rent
- Adjacent Property") each in the amount of Three Thousand
Forty Dollars ($3,040) on or before the first day of each
calendar month beginning on November 1, 1993 and thereafter
for the remainder of the term, together with any other
additional rental as hereinafter set forth. Monthly Base Rent
- Adjacent Property hereunder shall be adjusted annually,
after written notice from the Landlord. The annual Monthly
Base Rent - Adjacent Property adjustment shall be the greater
of four and one-half


2


percent (4.5%) or the propor ...