FIRST AMENDMENT TO LEASE AGREEMENT
FIRST AMENDMENT TO LEASE AGREEMENT
This First Amendment to Lease Agreement is made and entered into this 20th day of September, 2000, by and between Eden Roc Partnership, a California general partnership ("Landlord") and Applied Signal Technology, Inc., ("Tenant").
WHEREAS, on October 30, 1998, a Lease Agreement (the "Lease") was entered into between Landlord and Tenant, relating to certain real property situated at 0000 Xxxx 0000 Xxxxx, Xxxx Xxxx Xxxxxx, Xxxxx of Utah, consisting of approximately 23,300 square feet of office/warehouse space as further described in the Lease.
WHEREAS, both Landlord and Tenant desire to amend the Lease Agreement.
NOW, THEREFORE, for and in consideration of the payment of ten dollars and no cents ($10.00) and other good and valuable consideration to Landlord, the receipt and sufficiency of which is hereby acknowledged, the parties mutually agree as follows:
1. By this First Amendment to Lease Agreement, the Lease premises will be expanded to include an additional 4,976 square feet located at 0000 Xxxx 0000 Xxxxx, Xxxx Xxxx Xxxx, Xxxx described on Exhibit "A" to this First Amendment. The term for said additional space shall be co-terminus with the term of the Lease.
2. The minimum rental for the additional space term shall be payable monthly, in advance, without offset or demand on the first day of each calendar month throughout the Lease term as follows:
11/01/00 |
$36,540/year |
$3,045/month |
||
01/01/01 |
$37,260/year |
$3,105/month |
||
01/01/02 |
$37,976/year |
$3,164/month |
||
01/01/03 |
$38,812/year |
$3,234/month |
3. Tenant hereby accepts the additional space in its present condition, state of improvement and repair ("as is"). The Tenant will make any necessary Tenant Improvements at its own cost and expense.
All other terms, covenants and provisions of the Lease Agreement, including all attachments, shall remain unchanged and shall continue in full force and effect except as specifically amended herein.
EXECUTED this day and year first above written.
LANDLORD: Eden Roc Partnership
A California general partnership
By:
Xxxxxxx X. Xxxxx
Managing General Partner