STATEMENT OF AGREEMENT

 

                                                                 Exhibit 10.10

                     LEASE MODIFICATION AGREEMENT NO. 5

     THIS LEASE EXTENSION AGREEMENT ("Agreement") is made this 31st day of
July, 2000, by and between QPI MULTIPRESS, Inc., an Ohio Corp., with a
mailing address at 560 Dublin Avenue, Columbus, OH 43215 ("Lessee") and
JAEGER COMMERCE PARK LIMITED PARTNERSHIP, with a mailing address at 3016
Maryland Avenue, Columbus, OH 43209 ("Lessor").

                         BACKGROUND INFORMATION

     A.   On or about August 25, 1992, Lessor, as lessor, and Lessee, as
     lessee, entered into a lease agreement with respect to approximately
     50,839 square feet of commercial space located at 560 Dublin Avenue,
     Suite 200, Columbus, Ohio 43215 ("Lease").

     B.   Pursuant to Article XXVI of the Lease, the parties previously
     extended the term of the Lease through June 30, 2000.

     C.   The parties desire to further extend the term of the Lease in
     accordance with the terms of this agreement.

                          STATEMENT OF AGREEMENT

For and in consideration of the mutual promises and conditions contained
herein, the parties acknowledge the accuracy of the foregoing Background
Information and agree as follows:

     1.   The term of the Lease, as previously extended, is further extended
          for an additional three (3) year term commencing on July 1, 2000
          and ending on June 30, 2003.

     2.   The rental rate shall be $8,473.00 monthly and $305,028.00 for the
          Term.

     3.   Lessor shall install new windowsills or caulk windows, where needed
          on the second floor of the offices; fix plumbing in 2nd floor men's
          room, including new toilets; repair toilet in 2nd floor ladies
          room; paint and carpet hallway from office to shop; paint walls and
          ceiling, fix leaking toilets in the factory men's room; replace
          light fixtures in print room; repair/replace as needed, lights in
          2nd floor open area; paint lunchroom; replace stained ceiling
          panels in lobby; furnish a used 10 ton hoist for Lessee
          installation.

     4.   The Lessor or Lessee may terminate this Lease, by giving the other
          party written notice no less than one-hundred and eighty days (180)
          prior to such termination. Said written notice shall be as provided
          in Article XXVI of the Lease.

     5.   Except as modified by this Agreement, all terms, provisions and
          conditions of the Lease shall remain in full force and effect,
          including any increases for real estate taxes.

The parties have executed the Agreement as of the day and year indicated
above.

WITNESSES:                           LESSOR:

Illegible                            JAEGER COMMERCE PARK LIMITED PARTNERSHIP
------------------------

Illegible                            By: Illegible        Title   Partner
------------------------                 --------------         -----------

                                     LESSEE:

Illegible                            QPI MULTIPRESS, INC.
------------------------

Illegible                            By: Illegible       Title:  President
------------------------                ---------------         -----------

                      July 27, 2000  Page 1 of 2 - QPI/5

                               ACKNOWLEDGMENTS

STATE OF OHIO)
     )SS:
COUNTY OF FRANKLIN)

BEFORE ME, a Notary Public, in and for said County, personally appeared
Jaeger Commerce Park, an Ohio Limited Partnership, Lessor, by a partner,
Marvin Katz, who acknowledged that he did sign the foregoing instrument and
that the same is his free act and deed.

IN WITNESS WHEREOF, I have hereunto set my hand and official seal at
Columbus, Ohio this 31 day of July, 2000.

                                     Jacqueline S. Bates
                                     -------------------

                      [SEAL]              JACQUELINE S. BATES
                                      Notary Public, State of Ohio
                                     My Commission Expires 08-19-2004

STATE OF OHIO)
     )SS:
COUNTY OF FRANKLIN)

BEFORE ME, a Notary Public, in and for said County, personally appeared
QPI Multipress, Inc., Lessee, by its President, T. P. Schwartz, who
acknowledged that he did sign the foregoing instrument and that the same is
his free act and deed.

IN WITNESS WHEREOF, I have hereunto set my hand and official seal at
Columbus, Ohio this 31 day of July, 2000.

                                         Jacqueline S. Bates
                                         -------------------

                      [SEAL]              JACQUELINE S. BATES
                                      Notary Public, State of Ohio
                                     My Commission Expires 08-19-2004

                       July 27, 2000  Page 2 of 2 - QPI/5 

Basic Info X:

Name: STATEMENT OF AGREEMENT
Type: Statement of Agreement
Date: Dec. 22, 2000
Company: QUALITY PRODUCTS INC
State: Ohio

Other info:

Date:

  • 31st day of July , 2000
  • August 25 , 1992
  • June 30 , 2000
  • July 1 , 2000
  • June 30 , 2003
  • this 31 day of July , 2000
  • July 27 , 2000

Organization:

  • Illegible Title Partner
  • Jaeger Commerce Park
  • Ohio Limited Partnership
  • QPI Multipress , Inc.
  • State of Ohio My Commission Expires

Location:

  • Maryland Avenue
  • Dublin Avenue
  • Lessee
  • Columbus
  • Ohio

Money:

  • $ 8,473.00
  • $ 305,028.00

Person:

  • JAEGER
  • Marvin Katz
  • T. P. Schwartz
  • JACQUELINE S. BATES