ADDENDUM TO LEASE
This ADDENDUM shall be fully, incorporated into that certain Lease Agreement
dated Oct 31, 1995 by and between 1991 Exchange Limited Partnership
("Landlord") and Fingerhut Financial Services, Corporation, ("Tenant").
WITNESSETH:
In consideration of the premises and other terms and conditions of the Lease,
Landlord and Tenant mutually agree to the following modifications;
1.) FIRST RIGHT OF REFUSAL: Tenant shall be given an on going
first right of refusal to lease any
space on the 5th floor that Landlord
receives an offer on during the primary
lease term and any extension/renewal
thereof of the lease. The terms and
conditions shall be the same as the
primary lease term except the term
shall be coterminous with the current
lease and the Tenant finish allowance
shall be based on the primary lease
term and prorated for the remaining
term of the lease. Tenant shall have
(5) five business days to exercise its
Right of First Refusal following
receipt of Landlord's written notice.
2.) OPTION TO RENEW: Tenant shall have (3) three (1) one
year renewal options at $10.50 per
rentable square feet. Landlord shall
provide a $2.00 per R.S.F. Tenant
finish allowance for the first renewal
to be used for improvements to the
premises. Tenant's base year shall be
adjusted for each renewal option to
the calendar year the renewal option
commences. The terms and conditions
other than the rental rate and, Tenant
finish allowance and escalation shall
be the same as the primary lease term.
3.) TENANT FINISH
ALLOWANCE: Landlord shall provide Tenant a Tenant
Finish Allowance of $8.00 per R.S.F.
This allowance shall be used first by
Landlord to offset actual Tenant
finish costs, and second to offset
related costs incurred by Tenant, such
as design, moving or installation of
data/voice wiring. Any portions of the
Tenant Finish Allowance remaining
shall be retained by the Landlord.
4.) SIGNAGE: Landlord at its expense shall install
building standard lobby and entrance
door signage. Tenant shall have the
right to place its company logo on the
existing Tenant monument sign or any
similar/comparable sign
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should Landlord modify the existing
sign. The Landlord shall have the
right to approve final specifications
of the sign. The cost of the sign
shall be paid from the Tenant Finish
Allowance.
5.) LEGAL ISSUES: Landlord shall be responsible to meet
all applicable laws, codes, and
regulations (e.g. zoning, life safety
and ADA) for operation and permitting
the premises for Tenant's proposed
use. Landlord certifies to the best of
its knowledge that there are no
hazardous waste, asbestos, or toxic
materials in amounts which exceed state,
local or federal regulator guidelines
or which violate any state, local or
federal law or regulation.
6.) PARKING: Landlord shall designate a parking
area as shown or attached Exhibit "C".
Tenants employees shall park in the
designated area with such designated
area not to be smaller than a 4 to
1000 rentable square feet leased
ratio. Additional parking requirements
for the use of Tenant shall be in the
Building's general parking area on a
non-reserved non-exclusive basis.
Agreed to and Accepted
Landlord: 1991 Exchange Limited Partnership
By: /s/ [ILLEGIBLE] Date 11-1-95
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Tenant: Fingerhut Financial Services, Corporation
By: /s/ Xxxxxx X. Xxxxxx Date Oct 31, 1995
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