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 MODIFICATION OF LEASE AGREEMENT



This Modification of Lease Agreement (the Agreement) is made and effective [DATE],


BETWEEN:  [YOUR COMPANY NAME] (the "Lessor"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

      [YOUR COMPLETE ADDRESS]    


AND:  [LESSEE NAME] (the "Lessee"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:

      [COMPLETE ADDRESS] 
  

RECITALS

Pursuant to the lease dated [DATE] [Lease], lessee let from lessor [SQUARE FEET OF NET RENTABLE AREA IN THE BUILDING LOCATED AT (ADDRESS), (CITY), COUNTY, (STATE)] (the Premises), and more specifically described in the Lease, for a term which expires on [DATE] (the Lease termination date).

Lessor and lessee desire to extend the lease for a term of [NUMBER] years from the lease termination date.

Therefore, in consideration of the mutual promises contained in this lease amendment and extension agreement, the parties agree as follows:


CONSTRUCTION

This Agreement shall be construed in conjunction with the lease and, except as amended by this instrument, all of the terms, covenants, and conditions of the lease shall remain in full force and effect and are ratified and confirmed by this instrument.


DEFINED TERMS

All terms used in this lease amendment and extension agreement shall have the meanings ascribed to them in the lease unless otherwise defined in this instrument.


LEASE TERM

The term of the letting of the premises shall be extended to and shall terminate on [DATE].


BASE RENT

Beginning on [DATE], Lessee shall pay base rent in the amount of [AMOUNT], payable in advance on the first day of each in the manner provided in the lease.


ADDITIONAL RENT

Lessee shall make payments with respect to real estate taxes, operating expenses, and other additional rent, if any, in the manner provided in the lease.


IN WITNESS WHEREOF, Lessor and Lessee duly executed this Modification of Lease Agreement, as of the day and year written above.



LESSOR            LESSEE



                          
Authorized Signature          Authorized Signature

                          
Print Name and Title          Print Name and Title


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