THIRD AMENDMENT TO LEASE AGREEMENT
THIS THIRD AMENDMENT TO LEASE AGREEMENT made this 4
day of August, 2010, by and
between Asch Enterprises, LLC, a Vermont limited liability company ("Landlord") and Twincraft, Inc., a
Vermont corporation ("Tenant").
WHEREAS, Landlord and Tenant have entered into a Lease Agreement for space in a building
known as 36 River Road, Essex, Vermont dated October 1, 2003, and amendments thereto dated
February 7, 2006 and February 5, 2009 (hereinafter collectively, "the Lease"), and
WHEREAS, the parties are desirous of amending certain of the provisions of the.
NOW THEREFORE, in consideration of the mutual covenants contained herein, and for other good
and valuable consideration, the receipt and sufficiency of which are acknowledged hereby, the parties hereby
agree that the Lease shall be, and the same hereby is, amended as follows:
Article 1. Section 3.4 is hereby added to the Lease:
Section 3.4. Tenant's Improvement Allowance.
Landlord grants to Tenant an allowance of Twenty Thousand ($20,000) Dollars (the "Allowance") for
the purpose of making capital improvements (the "Tenant's Improvements") to the Premises. The Allowance
shall be paid to Tenant within thirty (30) days of the commencement of the Extended Term, as hereinafter
defined. The Tenant's Improvements shall be of a type which are capital in nature, as reasonably determined
using generally accepted accounting principles and which are affixed to the Premises. Upon completion,
Tenant shall provide Landlord a suitably detailed schedule describing Tenant's Improvements.
Article 2. Section 3.5 is hereby added to the Lease:
Section 3.5. Tenant's Termination Right.
Provided Tenant is not then in default, all applicable grace and cure periods having expired, Tenant
shall have the right to terminate this Lease during the Extended Term upon two (2) months prior written notice
to Landlord, effective at any time following the first anniversary of th