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EXHIBIT 10.11
IBM
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International Business Machines Corporation
Hudson Valley Research Park
20700 Route 52
Hopewell Junction, NY 12533-6531
Mr. Gary Jones
President and Chief Executive Officer
eMagin Corporation
Hudson Valley Research Park
2070 Route 52
Hopewell Junction, NY 12533-6531
January 29, 2001
Subject: Second Amendment to the Lease executed on May 28, 1999, between
International Business Machines Corporation (IBM) and FED Corporation (FED)
Dear Mr. Jones:
This letter, upon your signed acceptance, amends the above referenced Lease
between IBM and FED Corporation for space located at the Hudson Valley Research
Park in Hopewell Junction, New York. The Lease shall be amended as follows:
1. In all occurrences within the above referenced Lease, of the name "FED
Corporation", it is to be replaced with "eMagin Corporation".
2. In PARAGRAPH 4, TERM, EXTENSION, AND BUILD-OUT. (c) EXTENSION OPTION,
(1): replace "...for one period of one year..." with "...for five periods of one
year...".
Except as amended herein, all the terms and conditions of the Lease shall
remain in full force and be effective. Please inciate your acceptance by signing
two (2) copes of this letter and returning them to IBM for counter signature.
Thank you.
Accepted and agreed to:
INTERNATIONAL BUSINESS
MACHINES CORPORATION eMagin Corporation
By: /s/Raymond J. Wagner By: /s/ Gary Jones
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Raymond J. Wagner Gary Jones
Senior Program Manager, President and Chief Executive Officer
North Region Real Estate
Date: 1/30/01 Date: 1/31/01
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