Exhibit 10.17(b)
----------------
RIDER TO LEASE BY AND BETWEEN
AVIS CENTRE TWELVE, L.L.C.,
a Michigan Limited Liability Company, LANDLORD,
AND
M&I DATA SERVICES,
a division of XXXXXXXX & XXXXXX CORPORATION,
a Wisconsin corporation, TENANT
DATED: March 13, 2000
Whenever any inconsistency between the printed form of this Lease as
completed and this Rider shall exist, the provisions of this Rider shall govern
and control.
I. BASE TENANT IMPROVEMENT ALLOWANCE. Tenant shall receive from Landlord, as
an allowance for Tenant's interior build-out work, an amount equal to
$35.00 per square foot of the Leased Premises as is properly calculated
pursuant to Section 1.01 of the Lease (which amount is included in the
Minimum Rent). Tenant Improvement Allowance shall be deemed any costs
(including, but not limited to, architectural and engineering fees, general
contractor overhead and profit, and permits and fees) associated with
improving the Tenant's demised space as provided for in final plans and
specifications attached as Schedule I to this Lease over base building
plans and specifications by The Xxxx Partnership dated 12/13/99, Job No.
99-192 and Xxxxxx-Xxxxx Civil Engineering Drawings for the premises to be
constructed on Xxxx 00/00, Xxxx Xxxxx Xxxxxxxx & Business Park, Ann Arbor,
Michigan which have been provided to the Tenant and are subject to Tenant's
prior approval.
II. ADDITIONAL TENANT IMPROVEMENT ALLOWANCE. Additional improvements in excess
of the Base Tenant Improvement Allowance as referenced in Section I of this
Rider shall be amortized over the original term of the lease (15 years) at
a rate of 100 basis points over end loan of the project. The Additional
Allowance will be treated as if it were a loan from Landlord to Tenant.
Tenant shall pay this amount in equal monthly installments, in addition to
the base rate as reflected in Section 2.01 of the Lease and estimated
Operating Expenses as reflected in Section 2.02 of the Lease. The estimate
of the total cost of tenant improvements is $4,766,221 of which $1,773,485
($35.00 x 50,671) is covered by the Base Tenant Improvement Allowance and
the balance of $2,992,736 ($2,893,236 plus architectural an engineering
fees of $99,500) will be included in the additional amortized improvements.
For example: End loan financing rate + 100 basis points = Additional
Allowance Amortization Rate
The end loan is projected at 225 basis points over 10 year T-Bills at the
time of loan closing.
Final tenant interior build-out amount shall be determined at conclusion of
construction of the interior premises.
III. MISCELLANEOUS.
A. Any consent required by Landlord, pursuant to the terms of this Lease,
shall not be unreasonably withheld, conditioned or delayed.
B. Landlord hereby warrants to Tenant that Landlord is the fee title
holder to the property and has the authority to deliver possession of the Leased
Premises free and clear of all other possessory rights to the Leased Premises.
C. Notwithstanding any provision to the contrary, Tenant shall have the
right to review and approve the Final Plans, the bids and the final cost.
RIDER DATED: March 13, 2000
LANDLORD:
IN THE PRESENCE OF: AVIS CENTRE TWELVE, L.L.C.,
a Michigan Limited Liability Company
------------------------- /s/ Xxxxxxxx X. Xxxxxxxx
By: XXXXXXXX X. XXXXXXXX
------------------------- Its: MANAGER
TENANT:
M&I DATA SERVICES, a division of
XXXXXXXX & XXXXXX CORPORATION,
a Wisconsin corporation
------------------------- /s/ Xxxxx X. Xxxxxxx
By: XXXXX X. XXXXXXX
------------------------- Its: CHIEF FINANCIAL OFFICER
SCHEDULES
Schedule 1 Final Plans and Specifications
The above schedule to this exhibit has been omitted. The schedule will be
furnished supplementally to the Securities and Exchange Commission upon request.
