EXHIBIT 10.42
EIGHTH AMENDMENT TO LEASE
THIS EIGHTH AMENDMENT OF LEASE (this "Amendment") is made and entered
into as of this 13th day of May, 1997, by and between REGIONAL INDUSTRIAL
DEVELOPMENT CORPORATION OF SOUTHWESTERN PENNSYLVANIA ("Landlord") and TOLLGRADE
COMMUNICATIONS, INC. ("Tenant").
WITNESSETH THAT:
WHEREAS, Landlord and Tenant entered into a Lease Agreement dated August
5, 1993 (the "Original Lease"); and
WHEREAS, the Original Lease was amended by First Amendment of Lease
Agreement dated March 15, 1994 (the "First Amendment"), Second Amendment of
Lease Agreement dated as of July 1, 1994 (the "Second Amendment"), Third
Amendment of Lease of Agreement dated as of September 15, 1994 (the "Third
Amendment"), Fourth Amendment of Lease Agreement dated as of September 15, 1994
(the "Fourth Amendment"), Fifth Amendment of Lease Agreement dated as of March
6, 1995 (the "Fifth Amendment"), Sixth Amendment of Lease Agreement dated as of
September 18, 1995 (the "Sixth Amendment") and Seventh Amendment to Lease dated
July 9, 1996 (the "Seventh Amendment"). The Original Lease as amended by the
First Amendment, the Second Amendment, the Third Amendment, the Fourth
Amendment, the Fifth Amendment, the Sixth Amendment and Seventh Amendment is
hereinafter called the "Lease"; and
WHEREAS, the parties desire to further amend the Lease in accordance
with the terms of this Amendment.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, and intending to be legally bound
hereby, Landlord and Tenant covenant and agree as follows:
1. The Landlord additionally leases and demises unto Tenant 5,400 square
feet of space in the Complex, additionally referred to as Units 8-E, 9-E and
10-E, in its as is condition, which space is more fully shown on Exhibit "A"
which is attached hereto and made a part hereof. Tenant shall pay to Landlord as
rental for Units 8-E, 9-E and 10-E, in advance and without demand on the first
business day of each successive calendar month during the term of the Lease,
together with any escalations provided in the Lease the sum of TWO THOUSAND TWO
HUNDRED TWENTY-FIVE AND 00/100 DOLLARS ($2,225.00). Delivery of Units 8-E, 9-E
and 10-E to Tenant and compliance with all provisions of the Lease shall occur
on May 15 1997, unless otherwise agreed between the two parties hereto. Monthly
rental for any partial month shall be prorated. Units 8-E, 9-E and 10-E shall be
deemed to be part of the Premises under the Lease except that Section 7(B)(b)
and Section 33 of the Original Lease do not apply to such space.
2. The Landlord additionally leases and demises unto Tenant 3,280 square
feet of space on the second floor of the Complex, additionally referred to as
Suite 202, in its as is condition, which space is more particularly shown on
Exhibit "B" which is attached hereto and made a part
hereof. Tenant shall pay to Landlord as rental for Suite 202, in advance and
without demand on the first business day of each successive calendar month
during the term of the Lease, together with any escalations provided in the
Lease the sum of eight dollars and twenty-five cents ($8.25) per square foot per
year, payable in monthly installments of TWO THOUSAND TWO HUNDRED FIFTY-FIVE AND
00/100 DOLLARS ($2,255.00). Delivery of Suite 202 to Tenant and compliance with
all provisions of the Lease shall occur on July 15, 1997, unless otherwise
agreed between the two parties hereto. Monthly rental for any partial month
shall be prorated.
3. Tenant shall provide plans and specifications for any work or
improvements that Tenant plans to undertake in Suite 202 or the second floor
common area to Landlord for Landlord's prior approval which approval shall not
be unreasonably withheld and shall be provided in a timely manner. All such
approved work and improvements shall be done in a good, workmanlike and lien
free manner and as otherwise required in the Lease..
4. Landlord and Tenant hereby agree that the Premises shall include an
additional 6,445 square feet of hallway and other former common area space (the
"Additional Space") now exclusively used by Tenant, provided, however, that
Tenant shall not be responsible to pay any Base Rent on such Additional Space as
required in Section 3(A) of the Lease and Sections 7(B)(b) and 33 of the Lease
shall not apply to the Additional Space.
5. Any capitalized terms used herein and not defined herein but defined
in the Lease shall have the same definition as provided for in the Lease.
6. Except as specifically amended hereby, the terms and conditions of
the Lease shall remain in full force and effect and shall be binding on the
parties hereto and their respective successors and assigns.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered as of the day and year first above written.
ATTEST: REGIONAL INDUSTRIAL DEVELOPMENT
CORPORATION OF SOUTHWESTERN
PENNSYLVANIA
BY: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ BY: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
------------------------------- -------------------------------
(Corporate Seal)
ATTEST: TOLLGRADE COMMUNICATIONS, INC.
BY: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇ BY: /s/ R. ▇▇▇▇▇ ▇▇▇▇▇▇▇
------------------------------- -------------------------------
(Corporate Seal)
-2-
EXHIBIT A
[FLOOR PLAN OF LEASED SPACE]
EXHIBIT B
[FLOOR PLAN OF LEASED SPACE]
