Equipment Lease Extension Agreement (Page 5 of 6) in pdf

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

address

___________________________________________ (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:

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.

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.

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

Equipment Lease Extension Agreement Page 5