Exhibit 10.20
SECOND AMENDMENT TO LEASE
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Landlord
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ORSETT/I-17 LLC, an Arizona limited
liability company |
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Tenant
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EFTC Operating Corp., a Delaware
corporation |
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Date :
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April 3, 2007 |
RECITALS
A. Landlord and Tenant entered
into that certain Lease dated March 23, 1999 and the First
Amendment to Lease dated May 10, 1999 (the “
Lease ”) concerning certain premises in the Building
known as Phoenix Northgate located in the City of Phoenix, County
of Maricopa, State of Arizona and more particularly described in
the Lease.
B. Landlord and Tenant now
desire to modify and amend the Lease as provided in this Second
Amendment to Lease (“ Amendment ”).
NOW, THEREFORE, for the mutual
covenants contained herein and for other valuable consideration,
the receipt and adequacy of which is hereby acknowledged, Landlord
and Tenant hereby agree as follows:
AGREEMENT
1.
Recitals . The Recitals set forth above are
incorporated into this Amendment by this reference and are hereby
stipulated by Tenant and Landlord to be true and correct.
2.
Definitions . All capitalized terms used as defined
terms herein which are not otherwise defined herein shall have the
meaning ascribed to them in the Lease.
3. Term .
The term of the Lease is scheduled to terminate on July 31,
2007, and Landlord and Tenant hereby agree to extend the term of
the Lease for a period of twenty-four (24) months beginning on
August 1, 2007, and ending on July 31, 2009 (the
“Extended Term”).
4. Basic
Rent . Tenant shall pay as Basic Rent during the Extended
Term as follows:
Months
1-24
$69,436.50 per month NNN ($0.70/sf/mo NNN)
5.
Address . For purposes of Landlord’s and
Tenant’s Address for Notices, the following addresses shall
be used:
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If to
Landlord: |
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Orsett/I-17 L.L.C. |
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c/o Orsett Properties, Ltd. |
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4222 E. Thomas Road,
Suite 260 |
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Phoenix, AZ 85018 |
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Attn: Legal |
