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<br />~ . . <br /> <br />200702101 <br /> <br />WHEREAS, the parries have agreed to amend paragraph 2 of Article 2.1 of the Lease <br /> <br />Agreement to provide for four (4) more five (5) year renewal options upon the same terms and <br /> <br />conditions of the Lease Agreement; and <br /> <br />NOW, THEREFORE, in consideration of the foregoing premises and other mutual <br /> <br />covenants and obligations hereinafter set forth. the parries hereto hereby agree as follows: <br /> <br />1. The recitals set forth above are incorporated herein by this reference. <br /> <br />2. Lessor acknowledges that Toukan Enterprises, Inc. now holds the interest as Lessee <br /> <br />under the Lease Agreement by virtue of a succession of interest as described in the recital above. <br /> <br />3. Lessor and Lessee each acknowledge that the original term of the Lease Agreement <br /> <br />commenced June 1, 1977 and the original term ,will terminate May 31, 1997. <br /> <br />4. Lessor acknowledges receipt of Lessee's notification to renew the Lease Agreement for <br /> <br />the term of five (5) years commencing June 1, 1997 to May 31, 2002, and the' Lease Agreement <br /> <br />is hereby renewed for said renewal term. <br /> <br />5.Paragraph two of Article 2.1 of the Lease Agreement shall be amended and henceforth <br /> <br />shall hereinafter read as follows: <br /> <br />"In addition to the renewal set forth in paragraph -+ of the Renewal and <br />Amendment of Lease and Grant of Right of First Refusal Agreement LESSEE <br />shall have the right and option to renew this Lease for four (4) additional, separate <br />and successive terms of five (5) years each, ie. (a) June 1,2002. May 31, 2007; <br />(b) June 1,2007. May 31,2012; (c) June 1,2012 - May 31, 2017; and (d) June 1, <br />2017 _ May 31, 2022, upon the same terms and conditions and for each renewal <br />term, upon written notice to LESSOR at least 180 days prior to the expiration of <br />the previous renewal term(s). Said notice shall be made pursuant to Article XIX." <br /> <br />6. Article XIX of the Lease Agreement shall be amended and henceforth shall read as <br /> <br />follows: <br /> <br />2 <br />