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Exhibit 99.2
LEASE AMENDMENT
THIS LEASE AMENDMENT ("Amendment")
is entered into as of January 31, 1998 by and between
CENTERPOINT REALTY SERVICES CORPORATION, an Illinois corporation
("Landlord"), and FACTORY CARD OUTLET OF AMERICA LTD., an Illinois
corporation ("Tenant").
W I T N E S S E T H
WHEREAS , Landlord and
Tenant have entered into that certain Industrial Building Lease
dated as of October 28, 1996 ("Lease") with respect to certain
premises commonly known as 2727 Diehl Road, Naperville, Illinois,
as more particularly described in the Lease.
WHEREAS , the Lease
provides that Landlord shall construct the Initial Improvements in
accordance with the Plans. Tenant had requested, and Landlord had
agreed to certain changes in the Plans, as the same have been
identified as Change Orders 1 through 9 ("Changes"), which Changes
resulted in an increase in the costs of construction of the Initial
Improvements by the sum of TWO MILLION FIFTEEN THOUSAND EIGHT
HUNDRED FORTY THREE AND NO/00 DOLLARS ($2,015,843.00) ("Change
Costs").
WHEREAS , Tenant has
agreed to reimburse Landlord for the Change Costs on the terms and
conditions contained herein.
WHEREAS , the Lease
provides that the Commencement Date shall be the later of the
Estimated Completion Date or the Substantial Completion Date. The
Substantial Completion Date was December 1, 1997. Accordingly, the
parties have agreed that the Commencement Date of the Lease shall
be December 1, 1997.
NOW, THEREFORE, for and in
consideration of the mutual covenants contained herein, and for
other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as
follows:
1. Recitals . The
Recitals are incorporated into this Amendment as if fully set forth
in this Section 1.
2. Definitions . All
terms used herein, unless otherwise specified, shall have the
meaning ascribed to them in the Lease.
3. Commencement Date and
Termination Date . The Commencement Date of the Lease is hereby
defined as December 1, 1997 and the Termination Date is hereby
defined as February 28, 2008. All references in the Lease to
Commencement Date and Termination Date shall be deemed to mean the
applicable dates.
4. Changes to the
Plans . Landlord has completed the construction of the Initial
Improvements including the Changes. Tenant shall pay to Landlord
the Change Costs as part of Tenant’s monthly installments
of
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