10.41 Third Amendment to Lease for 00x Xxxxxxxx Xxx, Xxxxxx, XX dated
July 28, 1999
THIRD AMENDMENT TO LEASE
This Agreement made this 28th day of July, 1999, by and between Xxxxxxx X.
Xxxxxx and Xxxx X. Xxxxxxx, Trustees of the 1993 Xxxxxxx Family Trust
successor-in-interest-to Xxxxxx X. Xxxxxxx d/b/a The Xxxxxxx Company
(hereinafter referred to as LANDLORD), and TyLink Corp.(hereinafter referred to
as TENANT),
WITNESSETH:
WHEREAS, by a certain Lease Agreement May 14, 1991, as amended by a First
Amendment to Lease dated September 12, 1991, and a Second Amendment to Lease
dated May 30, 1996 (hereinafter collectively referred to as the "Lease"),
LANDLORD leased to TENANT, a certain premises described as Norton Commerce
Center, 00 Xxxxxxxx Xxx, Xxxxxx, XX 00000, consisting of approximately 25,220
square feet of space, more particularly described therein as ("Premises"), and,
NOW, THEREFORE, for valuable consideration, the receipt of which is hereby
acknowledged each to the other, the above named parties do hereby agree to amend
said Lease as follows:
1. Effective on the Third Amendment to Lease Commencement Date (as
hereinafter defined), LANDLORD agrees to reduce the size of TENANT'S
Premises by taking back a portion of same namely 13,919 square feet of
space as delineated on Exhibit "A-3", attached hereto and made a part
hereof (hereinafter referred to as the "Reduction Premises").
Accordingly, the description of TENANT'S Premises as set forth in
Section 1 of the Lease, Incorporation of Basic Data, namely Premises,
shall be amended, in part, as follows:
...shall mean 11,301 square feet, which shall include at least 9,400
square feet of office space, being the approximate size of the
Premises...
2. The Third Amendment to Lease Commencement Date shall be the date
immediately following the date TENANT fully vacates the Reduction
Premises.
3. The term of this Third Amendment to Lease, which expired April 30,
1999, is hereby extended for a period of approximately three (3) years
and three (3) months, commencing May 1, 1999 and expiring July 31,
2002 (hereinafter referred to as the "Third Extended Term").
4. Effective May 1, 1999, Section 1 of the Lease, Incorporation of Basic
Data, namely Annual Rent, shall be deleted in its entirety and
replaced with the following:
shall mean the annual sum of Two Hundred Fourteen Thousand Three
Hundred Seventy and 00/100 ($214,370.00) Dollars, payable in equal
monthly installments of Seventeen Thousand Eight Hundred Sixty-Four
and 17/100 ($17,864.17) Dollars, commencing May 1, 1999 continuing
through and including to the date immediately prior to the date of the
Third Amendment to Lease Commencement Date; and
Ninety-Six Thousand Fifty-Eight and 50/100 ($96,058.50) Dollars,
payable in equal monthly installments of Eight Thousand Four and
88/100 ($8,004.88) Dollars, commencing upon the Third Amendment to
Lease Commencement Date continuing through and including July 31,
2002,
payable in accordance with Paragraph 5 of this Lease plus all other
charges, amounts, reimbursements or other sums (collectively
"Additional Rent") to be paid by TENANT to LANDLORD in accordance with
Paragraph 6 and any other terms of this Lease calling for the payment
of money by TENANT to LANDLORD.
5. It is hereby understood and agreed by both parties, that TENANT will
be responsible for any and all cost associated with the downsizing of
TENANT'S space as stated herein and TENANT shall perform, including
but not limited to, the following work as delineated on Exhibit "B-3",
attached hereto and made a part hereof, as it relates to the Reduction
Premises.
6. Except where this Third Amendment to Lease specifically changes same,
all other terms, conditions and covenants of the original Lease
Agreement and any Amendments made thereto shall remain the same, where
applicable, and are hereby reaffirmed.
7. The submission of this document for examination and negotiation does
not constitute an offer, and this document shall become effective and
binding only upon the execution thereof by both LANDLORD and TENANT,
regardless of any written or verbal representation of any agent,
manager or other employee of LANDLORD to the contrary. All
negotiations, consideration, representations and understandings
between LANDLORD and TENANT are incorporated herein and the Lease and
this Amendment expressly supersede any proposals or other written
documents relating hereto. The Lease and this Amendment may be
modified or altered only by written agreement between LANDLORD and
TENANT, and no act or omission of any employee or agent of LANDLORD
shall alter, change or modify any of the provisions thereof.
IN WITNESS WHEREOF, the LANDLORD and TENANT have hereunto set their hands
and common seals this 28th day of July, 1999.
LANDLORD: Xxxxxxx X. Xxxxxx and Xxxx X.
Xxxxxxx, Trustees of the 1993
Xxxxxxx Family Trust
successor-in-interest-to Xxxxxx
X. Xxxxxxx d/b/a The Xxxxxxx
Company
/S/ Xxxxxxx X. Xxxxxx
---------------------- ---------------------
WITNESS By: Xxxxxxx X. Xxxxxx
Its: Trustee
/S/ Xxxx X. Xxxxxxx
---------------------- -------------------
WITNESS By: Xxxx X. Xxxxxxx
Its: Trustee
TENANT: TyLink Corp.
/S/ Xxxxxxx X. Xxxxxx
---------------------- ---------------------
WITNESS By: Xxxxxxx X. Xxxxxx
Its: VP, Chief Financial Officer
Duly Authorized
COMMONWEALTH OF MASSACHUSETTS )
) SS.
COUNTY OF NORFOLK )
July 28, 1999.
Then personally appeared Xxxxxxx X. Xxxxxx to me known to be the individual
who acknowledged himself to be the Trustee of the 1993 Xxxxxxx Family Trust,
LESSOR, and that he, as such, being authorized to do so, executed the foregoing
instrument and acknowledged the execution thereof to be his free act and deed
for the purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and official seal at Norfolk
County, Braintree, Massachusetts, this 28th day of July, l999.
/S/ Xxxxxxxxx Xxxxxx
--------------------------
Notary Public
My commission expires:
COMMONWEALTH OF MASSACHUSETTS )
) SS.
COUNTY OF NORFOLK )
July 28, 1999.
Then personally appeared Xxxx X. Xxxxxxx to me known to be the individual
who acknowledged himself to be the Trustee of the 1993 Xxxxxxx Family Trust,
LESSOR, and that he, as such, being authorized to do so, executed the foregoing
instrument and acknowledged the execution thereof to be his free act and deed
for the purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and official seal at Norfolk
County, Braintree, Massachusetts, this 28th day of July, l999.
/S/ Xxxxxxxxx Xxxxxx
--------------------
Notary Public
My commission expires:
STATE OF_____________________ )
) SS.
COUNTY OF____________________ )
________________, 1999.
Then personally appeared to me known to be the individual who
acknowledged himself/herself to be the of Tylink Corp., LESSEE,
and that he/she, as such, being authorized to do so, executed the foregoing
instrument and acknowledged the execution thereof to be his/her free act and
deed for the purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and official seal at
_____________ County, ___________, ________________, this _____ day of
_________________, l999.
Notary Public
My commission expires:
EXHIBIT "A-3"
Site Plan of the Reduction Premises
EXHIBIT "B-3"
Description of TENANT'S Work for the Reduction Premises
Tylink Corporation
00 Xxxxxxxx Xxx
Xxxxxx, XX 00000
Description of Tenants responsibilities:
1. Tenant is responsible for removal of all wiring IE:Electrical, teldata,
etc.
2. Tenant is responsible for any electrical, gas, plumbing, or construction
needed to demise or downsize of space.
3. Tenant is responsible for leaving warehouse area completely free of all
rubbish, racking, and any equipment or fixtures of tenants.
4. Tenant is responsible for removal of all bolts from floor used to anchor
cages and racks. All holes to be filled and made to match the existing
floor.