Exhibit 10.14


 


SECOND ADDENDUM TO LEASE AGREEMENT

WITH OPTION TO PURCHASE


 


 


THIS SECOND ADDENDUM TO LEASE AGREEMENT WITH OPTION TO
PURCHASE (“Second Addendum”), is effective as of November 1,
1999 by and between WOODWARD, LLC,
an Indiana limited liability company (“LANDLORD”), and ACCURIDE CORPORATION, a Delaware
corporation (“TENANT”).


 


WITNESSETH THAT:


 


WHEREAS, LANDLORD and TENANT entered
into a Lease Agreement with Option to Purchase dated as of October 26, 1998
(the “Lease”) for certain real estate commonly known as Office Circle Fronting
I-164, which is more particularly described in the Exhibit “A” made a part
hereof (the “Leased Premises”); and


 


WHEREAS, the term of the lease began
on November 1, 1999 and will end on October 31, 2009; and


 


WHEREAS, LANDLORD and TENANT have entered into a
First Addendum to Lease Agreement with Option to Purchase dated as of January
6, 1999 (the “First Addendum”) in which LANDLORD assigned to TENANT the right
to enforce certain restrictive covenants running in favor of the Leased
Premises; and


 


WHEREAS, LANDLORD represents and warrants it has
purchased the Additional Real Estate (as defined below); and


 


WHEREAS, LANDLORD desires to lease to TENANT and
TENANT desires to lease from LANDLORD the Additional Real Estate; and


 


WHEREAS, LANDLORD and TENANT desire to amend the
Lease to include the Additional Real Estate, upon the terms and conditions
contained herein.


 


NOW, THEREFORE, in consideration of the
premises, and other good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged by both parties hereto, the parties agree as
follows:


 


1.          Leased
Premises.  The “Leased Premises” is hereby amended to include Lot 9 in
Burkhardt Crossing, an addition lying near the City of Evansville, as per  plat thereof, recorded in Plat Book P, Page
134 in the office of the recorder of Vanderburgh County, Indiana, containing
1.04 acres of land, more or less (the “Additional Real Estate”).


 


2.          Monthly
Rental.  The monthly rental amount contained in Section 1.01 of the Lease
is hereby deleted and amended to read as follows:


 


1

















 


“Months 1 thru 60:                       The monthly rental amount
shall be the sum of Forty One Thousand One Hundred Six and 00/100ths Dollars
($41,106.00) per month.  Fourteen and
33/100ths Dollars ($14.33) per square foot.


 


Months 61 thru 120:                 The monthly rental amount shall be the sum of
Forty Five Thousand Two Hundred Seventeen and 00/100ths Dollars ($45,217.00)
per month, representing an annual rate of Fifteen and 76/100ths Dollars
($15.76) per square foot.”


 


3.          Option to
Purchase.  Exhibit “D” to the Lease regarding the Option to Purchase is
hereby amended to delete paragraph 1 and amend said paragraph to read as
follow:


 


“1.  PURCHASE
PRICE.  Except as
provided under paragraph 31.01 of said Lease, the net purchase price of the
Leased Premises shall be the sum of Four Million Nine Hundred Thirty Thousand
and 00/100ths Dollars ($4,930,000.00) (“Purchase Price”); provided, however,
the Purchase Price shall be Five Million Two Hundred Thirty Thousand and
00/100ths Dollars ($5,230,000.00) if this Lease is being exercised by any
assignee or subleasee of the Lease.”


 


4.          Title
Insurance.  Pursuant
to Section 36.01 of the Lease, LANDLORD shall furnish TENANT a Commitment for
Title Insurance for the Additional Real Estate as provided in the Lease.


 


5.          Novation;
Controlling Effect.  This Second Addendum constitutes a revision
only, and shall not constitute or effect a novation of the Lease or First
Addendum.  Except herein provided, all
of the terms and conditions of the Lease and the First Addendum are in all
respects ratified, approved and confirmed and shall remain in full force and
effect, and the terms of the same, as amended, shall apply to the creation,
execution and interpretation of this Second Addendum.


 


6.          Miscellaneous.  This Second Addendum along
with the Lease and the First Addendum and all previous amendments thereto are
the final agreement and contain the entire, complete and exclusive agreement
between the parties regarding the matters addressed therein.   The recitals set forth in the above
preamble are incorporated herein by this reference and made a part of this
Second Addendum.  NO PROVISION OF THIS
SECOND ADDENDUM MAY BE MODIFIED, CHANGED, AMENDED OR WAIVED EXCEPT BY A WRITTEN
AGREEMENT EXECUTED BY THE PARTIES.


 


IN WITNESS WHEREOF, the parties have executed
this Second Addendum effective as of the date first above written.


 


	
  WOODWARD,
  LLC

  	
   

  	
  ACCURIDE
  CORPORATION

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Robert G. Woodward

  	
   

  	
   

  	
  By: 

  	
  /s/ Terrence J. Keating

  	
   

  
	
   

  	
  Robert G. Woodward, Member

  	
   

  	
   

  	
  Terrence J. Keating,
  President & CEO

  
	
   

  	
  “LANDLORD”

  	
   

  	
   

  	
  “TENANT”

  
	
   

  	
   

  	
   

  
							



 


2