Amendment of Paragraph 3. 2(a). Paragraph 3.2(a) of the Employment Agreement is hereby amended and restated in its entirety to read as follows:
Amendment of Paragraph 3. 1: Effective as of the date hereof, Paragraph 3.1 of the Lease is hereby amended in its entirety to read as follows:
Amendment of Paragraph 3. 5. Paragraph 3.5 of the Employment Agreement is hereby deleted in its entirety.
Amendment of Paragraph 3. The following language is hereby added to the end of Paragraph 3: "At such time as (i) Tenant's uncommitted cash on-hand ("Cash Reserve"), and (ii) the excess of Tenant's assets over its liabilities ("Net Worth") each exceeds $4,000,000, as evidenced by audited financial statements delivered to Landlord, Tenant shall receive a rent credit equal to the lesser of (y) the costs incurred by Tenant to complete the initial tenant improvements pursuant to Exhibit B, or (z) $82,965.00. The rent credit shall be applied in twelve (12) equal monthly installments against the amounts of Base Rent next becoming due, beginning with the month immediately following the month in which Xxxxxx delivers such evidence to Landlord."
Amendment of Paragraph 3. 2(c). Paragraph 3.2(c) of the Loan Agreement, added in connection with the Third Amendment To Loan Agreement dated January 31, 1994, is hereby amended and restated in its entirety as follows:
Amendment of Paragraph 3. 5.1 (under Naked (Sub)licenses and Cross Licenses). The first sentence of paragraph 3.5.1 is amended to change “[***] of the Reasonably Perceived Net Value” to “[***] of the Reasonably Perceived Net Value.”. The first sentence of Paragraph 0.0.xx 1 hereby amended and restated as follows:
Amendment of Paragraph 3. 3.1. The first sentence of Paragraph 3.3.1 of the SPE Sublicense Agreement is amended to change “[***]” to “[***]”. Paragraph 3.3.1 of the SPE Sublicense Agreement is hereby amended and restated in its entirety as follows:
Amendment of Paragraph 3 a. Paragraph 3(b) of the Lease is hereby deleted in its entirety and the following language is substituted in its place: “Intentionally omitted.”
Amendment of Paragraph 3. Rent subparagraph 3(c) of the Addendum to the ------------------------- Marina Village Net Office-Tech Lease is revised to read as follows:
Amendment of Paragraph 3. 2. As provided in the Option Agreement, Lessee has irrevocably waived and relinquished its right under Paragraph 3.2 of the Lease to terminate the Lease as of June 30, 1996, and June 30, 1998; and in furtherance of the foregoing, Lessor and Lessee hereby amend Paragraph 3.2 of the Lease by deleting therefrom the words "second, fourth, sixth, eighth" in the third sentence of said paragraph, which sentence begins in the tenth (10th) line of said paragraph with the phrase "Notwithstanding anything to the contrary in this Lease, ..."
