AMENDMENT TO LEASE
This AMENDMENT TO LEASE ("Amendment") is made and entered into
effective as of September 30, 1999, by and between Telecom Center LA, LLC, a
Delaware limited liability company ("LANDLORD"), and Universal Access, an
Illinois corporation ("TENANT").
R E C I T A L S :
A. Landlord and Tenant entered into that certain Office Lease
dated March 31, 1999 (the "LEASE"), pursuant to which Landlord leased to
Tenant and Tenant leased from Landlord certain "Premises", as described in
the Lease, and known as Suite 1001 on the tenth (10th) floor of the office
building located at 000 X. 0xx Xxxxxx, Xxx Xxxxxxx, Xxxxxxxxxx (the
"BUILDING")
B. Except as otherwise set forth herein, all capitalized terms
used in this Amendment shall have the same meaning gives such terms in the
Lease.
C. Landlord and Tenant desire to amend the Lease to, among other
things, (i) confirm the commencement and expiration dates of the Lease Term,
and (ii) revise the number of rentable square feet within the Premises, all
as hereinafter provided.
W I T N E S S E T H :
NOW, THEREFORE, in consideration of the foregoing Recitals and the mutual
covenants contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:
1. CONFIRMATION OF DATES. The parties hereby confirm that (a) Landlord
has performed all work required to be performed by Landlord pursuant to the
Tenant Work Letter attached to the Lease, (b) the Lease Term for the Lease
commenced as of July 29, 1999 (the "LEASE COMMENCEMENT DATE") for a term of
ten (10) years ending on July 28, 2009 (the "LEASE EXPIRATION DATE") (unless
sooner terminated or extended as provided in the Lease) and (c) in accordance
with the Lease, Base Rent has commenced to accrue according to the following
schedule:
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ANNUAL
MONTH OF LEASE RENTAL RATE BASE RENT
TERM ANNUAL BASE RENT MONTHLY BASE RENT PER SQUARE FOOT CREDIT
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1 - 12 $176,568.00 $14,714.00 $21.00 N/A
13 - 24 $181,865.04 $15,155.42 $21.63 N/A
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ANNUAL
MONTH OF LEASE RENTAL RATE BASE RENT
TERM ANNUAL BASE RENT MONTHLY BASE RENT PER SQUARE FOOT CREDIT
---------------------------------------------------------------------------------------------
25 - 36 $187,320.99 $15,610.08 $22.28 N/A
37 - 48 $192,940.62 $16,078.39 $22.95 N/A
49 - 60 $198,728.84 $16,560.74 $23.64 N/A
61 - 72 $204,690.70 $17,057.56 $24.34 N/A
73 - 84 $210,831.43 $17,569.29 $25.08 N/A
85 - 96 $217,156.37 $18,096.36 $25.83 N/A
97 - 108 $223,671.06 $18,639.25 $26.60 N/A
109 - 120 $230,381.19 $19,198.43 $27.40 N/A
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2. GENERATOR MAINTENANCE FEE. Pursuant to Section 6.2 of the Lease,
the Generator Maintenance Fee to be paid by Tenant in the amount of Three
Hundred Sixty and No/100 Dollars ($360.00) per month commenced as of the
Lease Commencement Date.
3. Tenant has prepaid the first monthly installment of Base Rent, and
all other rent checks (including those due and owing for Base Rent and the
Generator Maintenance Fee for the months of July, August and September, 1999)
should be made payable to:
Telecom Center LA
c/o JMA Properties, Inc.,
00000 X. Xxxxx Xxxx, XX0-000
Xxxxxxxxx, XX 00000.
4. SQUARE FOOTAGE OF PREMISES. The exact number of rentable square
feet within the Premises is 8,408.
5. TENANT'S SHARE. Tenant's Share (as that term is defined in the
Lease) is 5.28%
6. NO FURTHER MODIFICATION. Except as set forth in this Amendment, all
of the terms and provisions of the Lease shall remain unmodified and in full
force and effect.
7. ATTORNEYS' FEES. Should any dispute arise among the parties hereto
or the legal representatives, successors and assigns concerning any provision
of this First Amendment or the rights and duties of any person in relation
thereto, the party prevailing in such dispute shall be entitled, in addition
to such other relief that may be granted, to recover reasonable attorneys'
fees and legal costs in connection with such dispute.
8. COUNTERPARTS. This First Amendment may be executed in any number of
original counterparts. Any such counterpart, when executed, shall constitute
an original of this First Amendment, and all such counterparts together shall
constitute one and the same First Amendment.
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IN WITNESS WHEREOF, this Amendment has been executed as of the day and
year first above written.
"Tenant" "Landlord"
UNIVERSAL ACCESS, an Illinois TELECOM CENTER LA, LCC,
corporation, a Delaware limited liability company
By: /s/ Xxx Xxxxxx By: JMA Properties, Inc., a California
-------------------------- corporation, Its: Manager
Name: Xxx Xxxxxx
Title: EVP Operations By: /s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx, President
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