shall be entitled to the return of $45,000 of its
Security Deposit specified in Paragraph 1.7 of this lease following Lessee's
timely payment of rent for six (6) consecutive months, provided there has been
no breach of the lease and no uncured default exists at the end of such six (6)
month period.
LESSOR AND LESSEE HAVE CAREFULLY READ AND REVIEWED THIS LEASE ADDENDUM AND EACH
TERM AND PROVISION CONTAINED HEREIN AND, BY EXECUTION OF THIS ADDENDUM, SHOW
THEIR INFORMED AND VOLUNTARY CONSENT HERETO. THE PARTIES HEREBY AGREE THAT, AT
THE TIME THIS ADDENDUM IS EXECUTED, THE TERMS OF THIS ADDENDUM ARE COMMERCIALLY
REASONABLE AND EFFECTUATE THE INTENT AND PURPOSE OF LESSOR AND LESSEE WITH
RESPECT TO THE PREMISES.
Lessor:
Lessee:
EUCLID PLAZA, LLC
A CALIFORNIA LIMITED LIABILITY COMPANY
PROLONG SUPER LUBRICANTS, INC.
A NEVADA CORPORATION
By:
/s/ EDWIN A. MESERVE
By:
/s/ THOMAS C. BILLSTEIN
Edwin A. Meserve
Thomas C. Billstein
Its:
Managing Member
Its:
Vice President and Chief Operating Officer
Date:
4/8/02
Date:
4/8/02
President Properties,
A California General Partnership
By:
/s/ EDWIN A. MESERVE
Edwin A. Meserve
Its:
General Partner
Date:
4/8/02