EXHIBIT 10.23
THIRD ADDENDUM TO LEASE
This Third Addendum To Lease is made and entered into the 28th day of March,
1996, between Conifer Prince Street Associates (Landlord) and DSMI Corporation
(Tenant).
WITNESSETH: that Tenant currently leases and occupies approximately 7,224 square
feet of office space at 00 Xxxxxx Xxxxxx, Xxxxxxxxx, Xxx Xxxx 00000 pursuant to
a Lease Agreement; First and Second Addendums To Lease, dated February 22, 1995,
August 18, 1995 and November 17, 1995, respectively.
WHEREAS, Tenant and Landlord desire to increase the Base Rent associated with
the 1,720 square feet leased and occupied by Tenant, located on the lower level
of the Building as illustrated by Exhibit A-2 of the Second Addendum To Lease.
NOW, THEREFORE, it is mutually agreed upon by Landlord and Tenant to modify
certain provisions of the Lease as follows:
1. Effective April 1, 1996, Tenant agrees to pay, in addition to its Base
Rent as stated in the First Addendum To Lease, the following monthly
Base Rent:
Period $/Sq.ft. Monthly
Month-to-Month Base Rent
4/1/96-2/28/97 $12.00 $1,720.00
3/1/97-2/28/98 $12.50 $1,791.67
3/1/98-2/28/99 $13.00 $1,863.33
3/1/99-9/30/99 $13.50 $1,935.00
2. Landlord or Tenant may terminate this Second Addendum To Lease by
providing the other with prior written notice of its desire to
terminate the provisions of this Second Addendum To Lease. The
effective date of termination will be the last day of the first full
month following the receipt of said written notice.
Except as modified above, all other terms and conditions of the Lease Agreement,
First and Second Addendums To Lease, dated February 22, 1995 , August 18, 1995
and March 23, 1996, respectively, shall remain unchanged and in full force and
effect.
Agreed to by: greed to by:
DSMI CORPORATION CONIFER PRINCE STREET ASSOCIATES
Home Properties of New York
By: /s/ Xxxxxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxxxxx
Date: March 28, 1996 Date: April 1, 1996
