EXHIBIT 10.18
AMENDMENT TO LEASE AGREEMENT
That certain Commercial Lease Agreement dated April 6, 1998 between JACKSON-SHAW TECHNOLOGY CENTER II, LTD., (LANDLORD) and ADAMS GOLF, INC., (TENANT), for approximately 32,996 square feet of office/flex space located at 2805 E. Plano Parkway, Plano, Texas, is hereby amended as follows:
Whereas Adams Golf, Inc. is desirous of terminating its obligations on 12,031 square feet of the total 32,996 square feet under said Commercial Lease Agreement.
LEASED PREMISES: The size of the Leased Premises as described in paragraph 3 of that certain Commercial Lease Agreement shall be modified and amended as follows:
1) In consideration of the rents, terms and covenants of the Commercial
Lease Agreement (this "Lease), Landlord hereby leases to Tenant certain
premises (the "Leased Premises") consisting of approximately 20,965
square feet within the 67,372 square foot building (the "Building")
located at 2805 E. Plano Parkway, Plano, Texas, together with the
non-exclusive right to use, in common with other tenants, the common
areas of the Project, which are all areas neither exclusively leased to
another tenant or expressly reserved to or by Landlord. The Land upon
which the building, landscaping, parking and driveway areas, sidewalks,
and other improvements thereon, shall be referred to in this Lease as
the "Project."
TERM: The term of this Lease referenced above and as described in paragraph 4(a) and (d) shall be modified and amended as follows:
1) The term of this Lease shall be 50 months commencing on February 1,
2000, the "Commencement Date" and terminating on March 31, 2004,
the "Termination Date."
BASE RENT AND SECURITY DEPOSIT: Base Rent as described in Paragraph 5(a) of the Lease Agreement shall be modified and amended as follows:
1) Tenant agrees to pay to Landlord the following rental amounts
(sometimes referred to in this lease as the "Base R ...
*End of Preview*
Click the 'Add to Cart' button to download the complete and formatted agreement.