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Exhibit 10.1

 
FIRST AMENDMENT
TO LEASE OF BUILDING AND LAND 313 LONG RIDGE ROAD, STAMFORD,
CONNECTICUT BETWEEN HENRY E. BAKER AND CRYSTAL ROCK, LLC, A
DELAWARE LIMITED LIABILITY COMPANY DATED SEPTEMBER 30, 2010
 
WHEREAS, the Parties executed a lease for the subject premises on September 30,
2010; and

WHEREAS, Crystal Rock Spring Water Company has been merged into Crystal Rock
LLC, a Delaware limited liability company, which is a wholly owned subsidiary of
Crystal Rock Holdings, Ltd., a Delaware corporation formerly known as Vermont
Pure Holdings, Ltd.; and

WHEREAS, Crystal Rock Holdings, Ltd. has and is again fully assuming this lease
obligation of Crystal Rock Spring Water Company; and

WHEREAS, the parties wish to execute a First Amendment to said Lease; and

NOW, THEREFORE, for $1.00 and other valuable consideration, the Parties agree to
modify said lease as follows:

1.
The parties acknowledge that the twenty year term of the lease expires on
September 30, 2020 and that the Rent currently is TWO HUNDRED FORTY EIGHT
THOUSAND FOUR HUNDRED and 00/100 DOLLARS ($248,400.00) per annum, payable in
equal monthly installments, in advance, of TWENTY THOUSAND SEVEN HUNDRED and
00/100 DOLLARS ($20,700.00) per month.

2.
The parties agree to replace Article 1.B.of the lease, with the following:

Article 1.B.

i.  Provided Tenant is not then in default beyond any applicable grace period,
rent for the four (4) years commencing October 1, 2016, rent shall be TWO
HUNDRED FIFTY SIX THOUSAND SIX HUNRED SIXTY EIGHT and 00/100 DOLLARS
($256,668.00) per year payable in equal monthly installments of TWENTY ONE
THOUSAND THREE HUNDRED EIGHTY NINE and 00/100 DOLLARS ($21,389.00).

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ii.  Provided Tenant is not then in default beyond any applicable grace period,
Tenant shall have an option of renewing this Lease for an additional term of
five (5) years by sending to Landlord written notice postmarked on or before
April 1, 2020 that it is extending the Term of this Lease.  Rent for said term
shall be negotiated by the parties.  In the event the parties fail to reach an
agreement regarding rent for the second renewal term, each party shall select a
qualified appraiser who shall render an opinion as to the fair rental property
for the second renewal term.  The rent shall be the average of the two, less 10%
for said term.

3.
All other terms and conditions of the Lease shall not be modified by this
Amendment and are hereby ratified.

 
IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the 11th
day of October, 2016.
 
Signed, Sealed and Delivered in the presence of
 
HENRY E. BAKER
 
/s/ Caroline J Gottleib                         
 
By /s/Henry E Baker                                            
 
     HENRY E. BAKER
/s/ Betty C Steinfeld                           
       
CRYSTAL ROCK HOLDINGS, LTD. Successor to Crystal Rock Spring Water Company,
TENANT
 
/s/ Debbie H Kritz                                
 
By /s/ Martin Dytrych                                         
 
/s/ Kimberly Militello                          
     MARTIN DYTRICH, its Director
     Chair, Audit Committee
     Chair, Independent Directors

 

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STATE OF CONNECTICUT
)

)
ss.: WATERTOWN

COUNTY OF LITCHFIELD  )

On this 11th day of October, 2016, personally appeared, before me, HENRY E.
BAKER, Signer of the foregoing instrument, and acknowledged the same to be his
free act and deed
 
 
/s/ David M Jurasek                             
 
Notary Public

STATE OF FLORIDA
)

)
ss.:

COUNTY OF PALM BEACH )

Personally appeared CRYSTAL ROCK, LTD. Successor to CRYSTAL ROCK SPRING WATER
COMPANY by MARTIN DYTRYCH its Director, hereunto duly authorized, signer and
sealer of the foregoing instrument, and acknowledged the same to be his free act
and deed, before me.
 
 
/s/ Debbie Kritz                                          
 
Notary Public

 

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