EXHIBIT 10.3
SECOND SUPPLEMENTAL LEASE AGREEMENT
BETWEEN
THE INDUSTRIAL DEVELOPMENT BOARD OF THE
CITY OF MONTGOMERY
AND
KINPAK INC.
RELATING TO
$3,500,000
THE INDUSTRIAL DEVELOPMENT BOARD OF THE
CITY OF MONTGOMERY
INDUSTRIAL DEVELOPMENT REVENUE BONDS
(KINPAK INC. PROJECT) SERIES 2002
DATED
AS OF
JULY 1, 2002
ROY S. GOLDFINGER, P.C.
MONTGOMERY, ALABAMA
BOND COUNSEL
THIS INSTRUMENT AMENDS AND SUPPLEMENTS THAT CERTAIN RESTATED LEASE
AGREEMENT, DATED AS OF DECEMBER 1, 1996 AND RECORDED IN THE OFFICE OF THE
JUDGE OF PROBATE OF MONTGOMERY COUNTY, ALABAMA, IN RLPY BOOK 1718, PAGE 621,
AS HERETOFORE AMENDED AND SUPPLEMENTED BY A FIRST SUPPLEMENTAL LEASE
AGREEMENT DATED AS OF MARCH 1, 1997 AND RECORDED IN SAID PROBATE OFFICE IN
RLPY BOOK 1735, PAGE 209, BOTH BETWEEN THE INDUSTRIAL DEVELOPMENT BOARD OF
THE CITY OF MONTGOMERY AS LESSOR AND KINPAK INC. AS LESSEE.
SECOND SUPPLEMENTAL LEASE AGREEMENT
BETWEEN
THE INDUSTRIAL DEVELOPMENT BOARD
OF THE CITY OF MONTGOMERY
AND
KINPAK INC.
INDEX
Page
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PARTIES.................................................................... 1
RECITALS................................................................... 1
ARTICLE I
DEFINITIONS
Section 1.1 Definitions................................................... 2
Section 1.2 Interpretation................................................ 10
Section 1.3 Captions and Headings......................................... 10
ARTICLE II
REPRESENTATIONS AND COVENANTS
Section 2.1 Representations by the Issuer................................. 11
Section 2.2 Representations and Covenants by the Company - General........ 11
Section 2.3 Representations and Co