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EXHIBIT 10(q)
FIRST AMENDMENT TO THE LEASE AGREEMENT
THIS AMENDMENT (the "AMENDMENT") made this _____ day of
_________________, 1999 between NEW BOSTON BATTERYMARCH LIMITED PARTNERSHIP,
with a principal place of business at Xxx Xxxxxxxxxx Xxxxx, Xxxxx 0000, Xxxxxx,
Xxxxxxxxxxxxx 00000 ("LANDLORD") and. SAFETY 1ST, INC. a Massachusetts
corporation with a mailing address of 000 Xxxxxxxx Xxxxxx, Xxxxxxxx Xxxx,
Xxxxxxxxxxxxx 00000 (hereinafter called "TENANT").
WHEREAS, the Landlord and Tenant entered into a Lease Agreement dated
July 8, 1999, (hereafter "LEASE") with respect to premises containing
approximately 59,423 total square feet of net rentable area (the "ORIGINAL
PREMISES") in the of Building known as 45 Xxx Road (the "BUILDING") located on
00-00 Xxx Xxxx, Xxxxxx, Xxxxxxxxxxxxx (the "PROPERTY"):
WHEREAS, Tenant desires to expand the Original Premises to include an
additional 1492 square feet on the First Floor of the Building (the "EXPANSION
SPACE") as shown on the attached Exhibit I; and
WHEREAS, the parties desire to otherwise amend the Lease Agreement;
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and for the mutual promises
hereinafter set forth, Landlord and Tenant agree to amend the Lease, effective
as of the date hereof, as follows:
1) Section I. PREMISES Paragraph 2, line 6 is amended by deleting
"148,659" and inserting therein "134,189". --------
2) Section I. PREMISES is amended by adding thereto the following:
"The Premises is hereby increased to include the Expansion Space
in the Building as shown on the attached Exhibit I. All references
in the Lease to Premises shall hereafter be deemed to include the
Expansion Space as shown on Exhibit I and the "NET RENTABLE AREA"
shall be 60,915 square feet."
3) Section IV. RENT is amended by deleting the table and inserting
therein the following:
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PERIOD PER SQUARE FOOT MONTHLY ANNUAL
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From the Rent Commencement Date to First $9.90 $50,254.88 $603,058.50
Anniversary of the Commencement Date
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Year Two $10.80 $54,823.50 $657,882.00
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Year Three $11.70 $59,392.13 $712,705.50
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Years Four through Eight $12.60 $63,960.75 $767,529.00
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