** **

**LEASEEXTENSION**

 

ThisAgreement is made this      day ofDecember, 2001, by and between Mackie Holdings, L.L.C., an Oregon limitedliability company (“Lessor”), and Mackie Designs Inc., a Washington corporation(“Lessee”).

 

# **RECITALS**

 

**A.**            Lessor and Lessee entered into an Industrial Lease datedDecember 15, 1994, for an original term of ten (10) years ending on December31, 2004 (“Lease”).

 

**B.**            Lessorand Lessee wish to extend the Lease by two (2) years to a period endingDecember 31, 2006.

 

**C.**            Lessorand Lessee wish to execute this Lease Extension so as to be bound by its termsand conditions and those of the Lease.

 

Based upon the above recitals, the partiespromise and agree as follows:

 

**1.             Extension.**   The term of the Lease is hereby extendeduntil December 31, 2006.

 

**2.             Reaffirmationof Lease.**   Except asamended by this Lease Extension, all other terms of the Lease are herebyratified and confirmed.

 

**3.             GoverningLaw.**   This LeaseExtension shall be governed by the laws of the State of Washington.

 

Dated the day and year first above written.

 
| MACKIE HOLDINGS, L.L.C. | MACKIE DESIGNS INC.    |   |
|-------------------------|------------------------|--------|
|                    |                   |   |
| By:                     |                   |   | By: |   |   |
|                    | David M. Tully, Member |   | Its: |   |   |
|                         |                        |        |  |  |  |  |  |  |

 

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| State of Washington | )    |
|---------------------|------|
|                | )ss. |
| County of King      | )    |

 

Onthis       day of                         , 20    , before me personally appeared David M.Tully, to me known to be the member of Mackie Holdings, LLC that executed thewithin and foregoing instrument, and acknowledged said instrument to be thefree and voluntary act and deed of said corporation, for the uses and purposestherein mentioned, and on oath stated that he was authorized to execute saidinstrument.

 

Inwitness whereof I have hereunto set my hand and affixed my official seal theday and year first above written.

 
|   |   |   |   |   |   |   |                                   |
|--------|--------|--------|--------|--------|--------|--------|----------------------------------------|
|   |   |   |   |   |   |   | Print name:                            |   |
|   |   |   |   |   |   |   | NOTARY PUBLIC in and for the  State of |
|   |   |   |   |   |   |   | Washington, residing at                |   |
|   |   |   |   |   |   |   | My Commission expires:                 |   |
|        |        |        |        |        |        |        |                                        |  |  |  |

 
| State of Washington | )    |
|---------------------|------|
|                | )ss. |
| County of King      | )    |

 

Onthis       day of                         , 20    , before me personally appeared                                                        , to me known tobe the                               of Mackie Designs Inc. that executed the within and foregoing instrument, andacknowledged said instrument to be the free and voluntary act and deed of saidcorporation, for the uses and purposes therein mentioned, and on oath statedthat he was authorized to execute said instrument.

 

Inwitness whereof I have hereunto set my hand and affixed my official seal theday and year first above written.

 
|   |   |   |   |   |   |   |                                   |
|--------|--------|--------|--------|--------|--------|--------|----------------------------------------|
|   |   |   |   |   |   |   | Print name:                            |   |
|   |   |   |   |   |   |   | NOTARY PUBLIC in and for the  State of |
|   |   |   |   |   |   |   | Washington, residing at                |   |
|   |   |   |   |   |   |   | My Commission expires:                 |   |
|        |        |        |        |        |        |        |                                        |  |  |  |

 

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