EQUIPMENT LEASE EXTENSION AGREEMENT
This Equipment Lease Extension Agreement (hereinafter referred to as the “Lease Extension”) is
made and entered into this ____________ day of ____________________________, 20____, by
and
between
__________________________
having
an
address
at
___________________________________________ (hereinafter referred to as “Lessor”) and
__________________________ having an address at _________________________________
(hereinafter referred to as “Lessee”)
RECITALS
WHEREAS, the Lessor and Lessee have entered into an Equipment Lease Agreement dated
________________________ (hereinafter referred to as the “Lease Agreement”) for the
following equipments ______________________________________________.
WHEREAS, the said Lease Agreement will expire on the _________ day of
_________________, 20____.
WHEREAS, the Lessor and Lessee desire to extend the term of the said Lease Agreement
NOW THEREFORE, in consideration of the covenants and obligations contained herein and of
other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows:
1.
EXTENSION OF TERM
The Lessor and Lessee hereby agree to extend and continue the Lease Agreement for an
additional period of ____________ years, commencing on the ____ day of ________________,
20____, and expiring on the ____ day of _________________, 20____ (the “Extended Term”),
upon the same terms, conditions and covenants as existing under the Lease Agreement.
2.
REVISED RENT PAYMENTS
For and during the Extended Term, the Lessee shall pay monthly rent in the amount of
$_____________, due and payable on the ______ day of every month.
3.
TERMS & CONDITIONS
The parties agree that all of the terms and conditions of the Lease Agreement, as modified by this
Lease Extension, shall remain in full force and effect.
Equipment Lease Extension
1