Exhibit 10.181
Burlington Business Center
00 Xxxxx Xxxxxxx Xxxxxx
Xxxxxxxxxx, Xxxxxxxxxxxxx
("the Building")
THIRD AMENDMENT
Dated as of March 15, 1999
LANDLORD: Gateway Rosewood, Inc., successor-in-interest to
Sumitomo Life Realty (N.Y.), Inc.
TENANT: Lightbridge, Inc.
EXISTING
PREMISES: An area on the first (1st) floor East Pod of the
Building, containing 21,055 rentable square
feet, substantially as shown on Lease Plan,
Exhibit F, Sheet 1; an area on the second (2nd)
floor East Pod of the Building, containing
21,892 rentable square feet, substantially as
shown on Lease Plan, Exhibit F, Sheet 2; an area
on the third (3rd) floor East Pod of the
Building, containing 3,411 rentable square feet,
substantially as shown on Lease Plan, Exhibit F,
Sheet 3; and an area on the fourth (4th) floor
West Lobby of the Building, containing 11,226
square feet of Rentable Floor Area,
substantially as shown on Exhibit A, Second
Amendment, dated October 6, 1997
GENERATOR
PREMISES: An area adjacent to the Building, more
particularly shown on Exhibit A, First
Amendment, dated July 22, 1997
ORIGINAL LEASE
LEASE EXECUTION
DATA: DATE: Xxxxx 0, 0000
XXXXXXXXXXX
DATE IN RESPECT
OF EXISTING
PREMISES: May 31, 2004
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PREVIOUS
LEASE
AMENDMENTS: First Amendment dated July 22, 1997
Second Amendment dated October 6, 1997
THIRD
AMENDMENT
PREMISES: An area on the second (2nd) floor, Pod C of the
Building, containing 220 square feet of Rentable
Floor Area, substantially as shown on Exhibit A,
Third Amendment, a copy of which is attached
hereto as Exhibit A and incorporated by
reference herein
WHEREAS, Tenant desires to lease additional premises located in the
Building, to wit, the Third Amendment Premises;
WHEREAS, Landlord is willing to lease the Third Amendment Premises to
Tenant upon the terms and conditions hereinafter set forth;
NOW THEREFORE, the parties hereby agree tat the above-described lease, as
previously amended ("the Lease"), is hereby further amended as follows:
1. DEMISE OF THE THIRD AMENDMENT PREMISES
Landlord hereby leases and demises to Tenant, and Tenant hereby hires and
takes from Landlord, the Third Amendment Premises. Said demise of the Third
Amendment Premises shall be upon all of the terms and conditions of the Lease
applicable to the Existing Premises, except as follows:
A. The Term Commencement Date in respect of the Third Amendment Premises
shall be March 15, 1999.
B. The Rent Commencement Date in respect of the Third Amendment Additional
Premises shall be March 15, 1999.
C. The Termination Date in respect of the Third Amendment Premises shall
be March 14, 2000.
D. The Third Amendment Premises shall be used in connection with Tenant's
use of the Existing Premises.
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E. Annual Fixed Rent in respect of the Third Amendment Premises shall be
Five Thousand Two Hundred Eighty and 00/100 ($5,280.00) Dollars (i.e., a monthly
payment of $440.00).
F. Tenant's Operating Expense Base in respect of the Third Amendment
Additional Premises shall be the actual amount of Operating Expenses Allocable
to the Third Amendment Premises for calendar year 1999.
G. Tenant's Tax Base in respect of the Third Amendment Premises shall be
the actual amount of Tax Expenses Allocable to the Third Amendment Premises for
fiscal/tax year 2000.
H. Tenant's Annual Electricity Charge in respect of the Third Amendment
Premises shall be Two Hundred Nine and 04/100 ($209.04) Dollars, based upon a
charge of $.95 per square foot of Rentable Floor Area in respect of the Third
Amendment Premises (i.e., $17.42 per month). Tenant's obligation to commence
paying the Annual Electricity Charge in respect of the Third Amendment Premises
shall commence as of the Term Commencement Date in respect of the Third
Amendment Premises.
I. Landlord shall have no obligation to provide any services to the Third
Amendment Premises other than electricity for Tenant's lights in the Third
Amendment Premises.
J. In the event of any conflict between the provisions of the Lease and
the provisions of this Amendment, the provisions of this Amendment shall
control.
2. CONDITION OF THIRD AMENDMENT PREMISES
Notwithstanding anything to the contrary herein or in the Lease contained,
Tenant shall lease the Third Amendment Premises "as-is", in the condition in
which the Third Amendment Premises are in as of the Term Commencement Date in
respect of the Third Amendment Premises without any obligation on the part of
Landlord to prepare or construct the Third Amendment Premises for Tenant's
occupancy, and without any representation or warranty by Landlord as to the
condition of the Third Amendment Premises.
3. INAPPLICABLE LEASE PROVISIONS
Articles XI and XII of the Lease shall have no applicability to nor any
force or effect in respect of the Third Amendment Premises.
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4. LETTER OF CREDIT
The parties hereby acknowledge that Landlord is presently holding a Letter
of Credit in an amount equal to One Million and 00/100 ($1,000,000.00) Dollars,
pursuant to Article X of the Lease. The parties hereby further acknowledge that
Landlord shall continue to hold said Letter of Credit during the term of the
Lease in respect of the Existing Premises, Second Amendment Premises and Third
Amendment Premises.
5. BROKER
Landlord and Tenant each warrant that they have had no dealings with any
broker or agent in connection with this Third Amendment and covenant to defend,
hold harmless and indemnify each other from and against any and all cost,
expense or liability for any compensation, commissions and charges claimed by
any broker or agent claiming by or through them with respect to dealings in
connection with this Third Amendment or the negotiation thereof.
6. NOTICES
For all purposes of the Lease, the notice address for Landlord is as
follows:
Gateway Rosewood, Inc.
c/o Lincoln Property Company
One Burlington Business Center
00 Xxxxx Xxxxxxx Xxxxxx
Xxxxxxxxxx, Xxxxxxxxxxxxx 00000
7. As herein amended, the Lease is ratified, confirmed and approved in all
respects.
EXECUTED UNDER SEAL as of the date first above written.
LANDLORD: TENANT:
GATEWAY XXXX XXXX, INC. LIGHTBRIDGE, INC.
/s/AP By: /s/ Xxxxxxx Xxxxx By: /s/ Xxxxxx X. Xxxxxxxx, Xx. SR. VP and CFO
------------------------- ------------------------------------------
(Name) Xxxxxxx Xxxxx (Name) (Title)
(Title) Vice President Hereunto Duly Authorized
Hereunto Duly Authorized
Date Signed: 4-15-99 Date Signed: 3-29-99
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