EXHIBIT 10.19
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Memorandum of Agreement
1. Tandem will contract the following areas of its premises to Xxxxx Xxxxxxxx
USA, Inc.:
Xxxxxxxx # Xxxxxxxx Xxxxxx Feet
---------- -------- -----------
73 High Cube Space 60,000
71/72 Floors 1, 2, 3, 4 and 5 240,000
71/72 Basement 30,000
71/72 1/2 Receiving Area 12,500
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342,500
2. The cost to utilize this area is for the sum of $2.00 per square foot from
January 1, 1999 through March 31, 1999 per annum. From April 1, 1999 the
cost to utilize this area is for the sum of $4.00 per square foot per annum.
This includes all sewer, electric, heat and taxes.
3. All racking, leasehold improvements and material handling equipment
currently on the premises are included.
4. This agreement will commence on January 1, 1999.
5. This agreement will provide 10 doors in Building #73 for THUSA's exclusive
use and half use of the 10 doors in the Shipping Area of Building #71/72.
6. From July 1, 1999 Tandem will contract the following additional areas of its
premises to Xxxxx Xxxxxxxx USA, Inc.:
Xxxxxxxx # Xxxxxxxx Xxxxxx Feet
---------- -------- -----------
71/72 Floors 6, 7 and 8 90,000
71/72 1/2 Shipping Area 12,500
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102,500
7. This additional space utilization will now provide THUSA exclusive use of
all 20 doors since THUSA will occupy the entire building. The cost to
utilize the additional space is for the sum of $4.00 per square foot per
annum. This includes all sewer, electric, heat and taxes and full
maintenance as well as all racking, leasehold improvements and material
handling equipment currently on the premises.
8. THUSA is to provide Tandem with a 12 month notice in writing in advance to
terminate this agreement either partially or in full.
Agreed upon this ___ day of January 1999.
__________________________ ___________________________________
Xxxxx Xxxxxxxx USA, Inc. Tandem Distribution Services, Inc.
