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EXHIBIT 10.10
ADDENDUM
TO OFFICE BUILDING LEASE
TO LEASE DATED JULY 1, 1996
BETWEEN TRANSCONTINENTAL REALTY INVESTORS, INC., LANDLORD
AND AAXICO SALES, INC. and SATELLITE ACCESS SYSTEMS, INC., TENANT
THIS ADDENDUM is made this 1st day of July, 1996, by and between
TRANSCONTINENTAL REALTY INVESTORS, INC., as Landlord, and AAXICO SALES, INC.
and SATELLITE ACCESS SYSTEMS, INC., as Tenant.
WHEREAS, Landlord and Tenant are the parties to the above-described Lease
for the Premises; and
WHEREAS, the parties desire to amend said Lease.
NOW THEREFORE, in consideration of the mutual promises and obligations
contained herein, the adequacy and sufficiency of which is hereby acknowledged,
Landlord and Tenant contract and agree as follows:
1. Renewal Option - provided Tenant is not in default of this Lease, Tenant
shall have the option to renew this Lease one time by written notice to
Landlord not later than six (6) months or earlier than nine (9) months
prior to lease expiration, for a term of four (4) years under the same
terms and conditions as provided herein, except that the Base Rent shall be
at the current market rate at the time the option is exercised.
2. Installation of Satellite Array - Landlord shall permit Tenant to erect, at
no cost to Landlord, a satellite array on the roof of the Building or at
the Project subject to compliance with all laws, codes, ordinances and
regulations and subject to the location and manner of construction of the
array being approved by Landlord and satisfactory to Tenant. Landlord and
Tenant agree that the satellite array shall remain the personal property of
Tenant and shall not become a fixture. All costs of erecting, maintaining,
insuring and removing the array as well as repairs or restoration to the
site of installation shall be the sole responsibility of Tenant. Tenant
will be responsible for all damages caused by such erection, maintenance or
removal. The satellite array shall not exceed the specifications as
detailed in attached "Exhibit G".
EXCEPT AS HEREBY AMENDED, all other provisions of said Lease are hereby
confirmed and ratified.
IN WITNESS WHEREOF, the parties hereto have executed this Addendum on the
date first above written.
LANDLORD: TRANSCONTINENTAL REALTY TENANT: AAXICO SALES, INC.
INVESTORS, INC.
By: /s/ Xxxxx X. Xxxxxxxxx By: Illegible
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Xxxxx W,. Starowicz,
Vice President Title: President
7/8/96 July 2, 1996
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Date Date
WITNESS: /s/ Xxxxxxxx X. XxXxxxxx WITNESS: /s/ Xxxxxxx X. Xxxxx
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WITNESS: /s/ Xxxxxx X. Xxxxxx WITNESS: /s/ Xxxxxxxx Xxxxxxxx
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TENANT: SATELLITE ACCESS SYSTEMS, INC
By: Illegible
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CEO
June 28, 1996
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Date
WITNESS: Illegible
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WITNESS: Illegible
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