SUMMARY OF BASIC LEASE PROVISIONS AND RECITALS. SUMMARY ------- BASIC DATA. ----------- Sublessor: 000 Xxxxxxxxx Xxxxx, LLC --------- 000 Xxxxxxxx Xxx, Xxxxx 000 Xxxxxxxxxx, XX 00000 SUBLESSEE: Aprisma Management Technologies, Inc. --------- 000 Xxxxxxxxxx Xxxxx Xxxxxx, XX 00000 GUARANTOR: Cabletron Systems, Inc. --------- BASE RENT: --------- Years 1 & 2 - $ 9.50 per square foot, triple net Year 3 - $10.00 per square foot, triple net Year 4 - $10.50 per square foot triple net Years 5 - 10 Annual increase equal to 3% of previous year's Base Rent BASE TAXES: Real Estate taxes for tax year April 1st to March 31st, beginning with first year of tax assessment as established by the City of Portsmouth and estimated annually. PREMISES SUBLEASED: Approximately 100,000 square feet of building as shown on Exhibits 2 & 3 (the "Building") located on and together with a parcel of land of 20.09 acres +/- in size as shown in Exhibit 2.
SUMMARY OF BASIC LEASE PROVISIONS AND RECITALS. SUMMARY ------- BASIC DATA. ----------- Sublessor: 000 Xxxxxxxxx Xxxxx II, LLC ---------- 000 Xxxxxxxx Xxx, Xxxxx 000 Xxxxxxxxxx, XX 00000 Sublessee: Bottomline Technologies, Inc. ---------- Fleet Street Portsmouth, NH 03801 Guarantor: N/A ---------- Base Rent: ---------- See 4.1 Base Taxes: Taxes for tax year April 1/st/ to March 31/st/, beginning with ----------- first year of tax assessment as established by the City of Portsmouth and estimated annually. Premises Subleased: 83,342 square feet minimum. ------------------- Permitted Uses: Class A Office Use and ancillary uses, including shipping --------------- and receiving in the areas designated for such ancillary uses at the commencement of this lease. Initial Term: Ten (10) years. ------------- Business Days: All days except Sunday, Federal and State Holidays. -------------- Default: See Article 18. -------- Initial Public Liability Insurance: $3,000,000 minimum Commercial General ----------------------------------- Liability coverage - $1,500,000 in Automobile coverage and Worker's Compensation coverage at statutory minimum levels. 5 <PAGE> Sublessee's Removable Property: As defined in Section 6.1. -------------------------------- Parking: Sublessee shall have a prorated share of the parking spaces -------- shown on the Site Plan. RECITALS -------- A. 325 Corporate Drive II, LLC has entered into a Sublease dated ________________, 2000, with the Xxxxx Development Authority ("PDA"), an agency of the State of New Hampshire established pursuant to RSA Chapter 12-G for premises located at the Xxxxx International Tradeport in Portsmouth, New Hampshire described as follows: The premises shown on a Plan entitled _____________________________________ to be recorded in the Rockingham Count Registry of Deeds. A copy of which Sublease is attached hereto as Exhibit 2 (the --------- "Primary Sublease"). The Primary Sublease is subject and subordinate to all agreements made between PDA and the United States of America or the United States Air Force including, but not limited to, the Master Lease, the Application, the Acceptance and the FFA, all as hereinafter defined. B. PDA anticipates acquiring fee title to the portion of the former Xxxxx Air Force Base hereinafter designate Premises I and Premises II from the United States of America ("Government or Air Force") by public benefit transfer (i.e. transfer without consideration) pursuant to the general authority contained in 49 U.S.C. Sections 47151-47153 and other...
SUMMARY OF BASIC LEASE PROVISIONS AND RECITALS. SUMMARY ------- BASIC DATA. ----------- Sublessor: 000 Xxxxxxxxx Xxxxx II, LLC ---------- 000 Xxxxxxxx Xxx, Xxxxx 000 Xxxxxxxxxx, XX 00000 Sublessee: Bottomline Technologies, Inc. ---------- Xxxxx Xxxxxx Xxxxxxxxxx, XX 00000 Guarantor: N/A ---------- Base Rent: ----------
SUMMARY OF BASIC LEASE PROVISIONS AND RECITALS. The Summary of Basic Lease Provisions and Recitals contains the basis of this sublease between Sublessor and Sublessee named below. Articles, Sections and Paragraphs of the Sublease define and expand the Basic Terms, and are to be read in conjunction with the Basic Terms.
