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SECOND AMENDMENT TO LEASE AGREEMENT

Lease Agreement

SECOND AMENDMENT TO LEASE AGREEMENT | Document Parties: SED INTERNATIONAL HOLDINGS INC | Diamond Chip Group, LLC | SED International, Inc You are currently viewing:
This Lease Agreement involves

SED INTERNATIONAL HOLDINGS INC | Diamond Chip Group, LLC | SED International, Inc

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Title: SECOND AMENDMENT TO LEASE AGREEMENT
Governing Law: Georgia     Date: 9/24/2009
Industry: Computer Hardware     Sector: Technology

SECOND AMENDMENT TO LEASE AGREEMENT, Parties: sed international holdings inc , diamond chip group  llc , sed international  inc
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Exhibit 10.72

SECOND AMENDMENT TO LEASE AGREEMENT

          SECOND AMENDMENT TO LEASE AGREEMENT dated as of this 6 day of August, 2009 by Diamond Chip Group, L.L.C., a limited liability company organized under the laws of the state of Georgia (“Landlord”) and SED International, Inc., a corporation organized under the laws of the state of Georgia (“Tenant”). Collectively, the Landlord and Tenant are referred to hereinafter as the “Parties”.

WITNESSETH:

           WHEREAS, Landlord and Tenant entered into that certain lease agreement, dated April 1, 1999, as amended on September 19, 2005 (the “Lease”) for the use and occupancy of the Premises located at 4916 North Royal Atlanta Drive, Tucker, Georgia 30084; "

           WHEREAS, the Term of the Lease will expire at midnight on September 30, 2009 unless the Parties to extend the Term;

           WHEREAS, the Parties wish to extend the Term of the Lease for an additional two (2) year period beginning on October 1, 2009 and ending at midnight September 30, 2011, reduce the Base Annual Rent by $43,000 per annum during such extension period and make certain modifications to the Lease;

           NOW, THEREFORE, in consideration of the sum of ten dollars ($10.00) paid by Tenant to Landlord, the receipt and sufficiency of which are hereby acknowledged and for other good and valuable consideration, the Parties hereto agree as follows:

          1.      Capitalized terms . Capitalized terms used but not defined herein shall have the same meaning ascribed to them in the Lease.

          2.      Term . Section 1.01 of the Lease is hereby amended and as amended shall read as follows:

 

 

 

 

1.01.

Term . The “Term” of this Lease begins on the Lease Date specified above and ends at midnight on September 30, 2011.

          3.      Base Rent . Section 3.


 
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