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83006373
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Last modified
11/20/2008 9:43:09 AM
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11/20/2008 9:43:08 AM
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DEEDS
Inst Number
83006373
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<br /> <br /> <br />I" <br /> <br />~~;; <br /> <br />83- 006373 <br /> <br />5 A (b)(i) and (Ii) hereof in plnce or in linllof the r.eRsce Ineurringthe <br />,Slltml.. tOlllakethcpnymcnts upon such obligntions In the mAnnnr,tQ tile <br />extent ands:ubjed to' the slime 'limitntion~ inMi" SectionS. 4(b)(1) and <br />(if) set forth, or (3) reqllire(~ by the provisions of nny ngrMlIlcnt <br />between the Lessee nnd any of its directors, officcrs or cmployel'1:s (other <br />than on offieer-stockholdr.r ns thnt term iR herl'!lnnfter defioed)l~vcrn- <br />Ing or restricting the sale or other transfer by snch director, officer or <br />employee of any stock of the Lessce, the Lesser. o!rl"ecinl( hereby that no <br />such agreement enteron into hy it shnll eontnin nny terms, conditions or <br />provisions Which Arc not common or similnr to those normally nnd usually <br />contained in like or similnr documents. <br /> <br /> <br />"Lessee further ng'l'cc!< thnt it will not dcclnrc any dividend unless <br />(1) such dlvitleml can bl; immp,dintely pnid without hreach of tha forego- <br />ing provisions of this Section 5.4(..), or (ii) Less..e furnishes the Trus- <br />tee with the written or-roement of 011 holdars of its Rtoek on which the <br />dividend was declared ng-rl'eing, in considcration of the declaration of <br />such divhiend, thnt its payment shAll be deferl'f'!d until paymcmt clln be <br />IIlIIde in accordnnce with the provisions of this SI!ction 5.4(c) and that <br />the stockholders' rights to such divic\and arc junior, subordinate nnd <br />inferior to the rights of tho Lessor 1ITHic!' the Len"" until slIeh dividend <br />is paid In accordance with the provi!<ions of this Seetioll 5.4(c). <br />"(d) It will not pay to its officcr-stoc.khnlclcrs, on a collective <br />basis, salaries, bonuses or othol' remuneration which shall In any given <br />fiscnl year of the I.esse.> exceed all amo\lnt equal to 1 !JO% of the aggre- <br />gate of such salaries, honnses and othel' remUTl(l~'lItion pnie! to its <br />offiC<!r-stockholderR, on a eollcelive bm:ill, d\lrin!~ the riscnI year (,f <br />Lessee ended December 31, 1!J77, incransed In any g1van fiscal year by <br />not to exceed an amount equal to 15% of the Net BurningR of Lessee <br />aeeulnulated subsequent to December 31, 1977. It <br />2. Tllis First Supplement to Lease nmennR and Rupp}amel'lts the Orilfinal <br />only in the particulars herein specincnlly Ret forth. Rnd the Original <br />this First Supplet<lant to I.ense Rhnll be construed as n single <br /> <br />..J.- <br />
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