Exhibit 10.11
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RESTATED LEASE AMENDMENT AND THIRD AMENDMENT TO
AGREEMENT OF LEASE
This Restated Lease Amendment and Third Amendment to Agreement of Lease
(the "Restated Lease Amendment and Third Amendment") is made as of the 6th day
of November, 1998, by and between Xxxx X. Xxxx, Trustee of Re-Act Realty Trust,
a trust established under a Declaration of Trust dated September 21, 1984, and
recorded in the Middlesex South District Registry of Deeds at Book 15823, Page
351, as amended by First Amendment dated October 20, 1988 and recorded with the
Middlesex South District Registry of Deeds at Book 19427, Page 422 (the
"Landlord") and ACT Manufacturing, Inc., a corporation organized under the laws
of the Commonwealth of Massachusetts and having its principal place of business
at 000 Xxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx (the "Tenant").
W I T N E S S E T H
WHEREAS, Landlord and Advanced Cable Technologies, Inc. entered into a
certain Agreement of Lease dated as of April 1, 1985, as amended by a certain
Lease Amendment executed as of October 25, 1988 and a certain Second Amendment
to Lease dated as of August 4, 1993, whereby Landlord leased to Automated
Component Technologies, Inc. certain premises (the "Premises") known as and
bearing the address of One Xxxxxx Xxxxxxxxx Drive, Hudson, Massachusetts. True
and complete copies of said Agreement of Lease, Lease Amendment and Second
Amendment are attached hereto as Exhibit A, Exhibit B, and Exhibit C,
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respectively.
WHEREAS, Advanced Cable Technologies, Inc. by Articles of Merger dated
December 15, 1994, changed its name to ACT Manufacturing, Inc.;
WHEREAS, Landlord and Tenant entered into a certain Third Amendment to
Agreement of Lease dated as of February 7, 1995 (the "Third Amendment"), a true
and complete copy of the Third Amendment is attached hereto as Exhibit D (said
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Agreement of Lease, said Lease Amendment, said Second Amendment and the Third
Amendment are herein collectively referred to as the "Lease"); and
WHEREAS, Landlord and Tenant desire to restate and amend said Lease
Amendment to correct the street address of the Premises as set forth therein and
the Third Amendment to reflect the understanding and past agreement of the
parties regarding the minimum monthly rental amount and to memorialize such
understanding going forward.
NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein and in the Lease contained, it is hereby agreed as follows:
1. Landlord and Tenant acknowledge that as of August 1, 1998 Tenant has
been paying minimal monthly rent for the Premises based upon an annual
rate equal to Six Dollars and Fifty Cents ($6.50) per square foot
(based upon a total rentable area of twenty-six thousand (26,000)
square feet).
2. Paragraph number 2 of the Third Amendment is hereby deleted and the
following shall be inserted in lieu thereof: "Effective as of August 1,
1998 (the beginning of the extension term), the Tenant shall pay a
minimum monthly rental for the Premises based upon an annual rate equal
to Six Dollars and Fifty Cents ($6.50) per square foot (based upon a
total rentable area of twenty-six thousand (26,000) square feet), in
twelve (12) equal monthly installments in advance on the first day of
each calendar month during the term of the Lease."
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3. The definition of "PREMISES" in the Lease Amendment is hereby deleted
and replaced with the following: "One Xxxxxx Xxxxxxxxx Xxxxx, Xxxxxx,
Xxxxxxxxxxxxx 00000". Additionally, reference to "108 Forest Avenue,
Hudson" in paragraph 2 of the Lease Amendment is hereby deleted and
replaced with the following: "One Xxxxxx Xxxxxxxxx Drive, Hudson".
4. Except as modified herein the Lease Amendment and the Third Amendment
are hereby restated.
As modified by the terms of this Restated Lease Amendment and Third
Amendment, the Lease is, and shall remain, in full force and effect. Each
capitalized term used in this Restated Lease Amendment and Third Amendment which
is not defined in this Restated Lease Amendment and Third Amendment shall have
the same meaning ascribed to such term in the Lease. This Restated Lease
Amendment and Third Amendment contains the entire agreement of the parties, and
any and all agreements and negotiations are merged into and incorporated into
this Restated Lease Amendment and Third Amendment. This Restated Lease
Amendment and Third Amendment shall be binding upon and inure to the benefit of
Landlord, Tenant, and their respective successors and permitted assigns.
This Restated Lease Amendment and Third Amendment is governed by the laws
of the Commonwealth of Massachusetts.
IN WITNESS WHEREOF, this Restated Lease Amendment and Third Amendment is
executed as of the day and year first written above.
RE-ACT REALTY TRUST
By: /s/ Xxxx X. Xxxx
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Xxxx X. Xxxx, Trustee as
aforesaid and not individually
ACT MANUFACTURING, INC.
By: /s/ Xxxx X. Xxxx
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Xxxx X. Xxxx, President
