EXHIBIT 10.2
LEASE AMENDMENT NO. 1
This Agreement, made this 19 day of October, 1998, by and between BLN Office
Park Associates II Limited Partnership ("Landlord") and Adaytum Software
Limited ("Tenant").
Whereas, the Landlord and the Tenant entered into a written
agreement of Lease dated September 16, 1998 (herein collectively called the
"Lease"), whereby the Landlord leased to the Tenant approximately 10,300
square feet of office space located on the fourth level of Phase II of the
BLN Office Park, to be used and occupied as the Tenant's office for the
transaction of its business; and
Now therefore. in consideration of the Leased Premises and of the
mutual agreement hereinafter set forth, it is mutually agreed that the Lease
be revised as follows:
1. Section 3, TERM, of the Lease shall be deleted in its
entirety and replaced by the following language:
The lease term shall commence on the 1st day of January 1999
(hereinafter "Commencement Date") and shall continue to and
including the 31st day of December, 2004, unless earlier
terminated as hereinafter provided.
2. In Section 4, BASE RENT, of the Lease, delete the date
"November 30" in the first paragraph, first line and
substitute the following date "December 31, 2004."
3. ARTICLE 2 and ARTICLE 4 of EXHIBIT F, of the Lease shall be
deleted in their entirety and replaced with the following:
ARTICLE 2
RENEWAL OPTION: The Tenant shall have the right to renew the Lease for
an additional term of five (5) years ("Renewal Option") commencing
January 1, 2005 and terminating December 31, 2009. Said Renewal Option
shall be conditioned upon the following terms and conditions:
a. On or before January 1, 2004, Tenant must provide written
notice to Landlord of its intention to exercise its renewal
option.
2. The Base Rent charged during the Renewal Option shall be the
then "current market rate" charged for space in the BLN Office
Park. The Landlord shall provide the "current market rate" by
August 1, 2003.
3. In order to exercise the Renewal Option, the Tenant must give
written notice to Landlord on or before August 1, 2003 of its
acceptance of the "current market rate" submitted by Landlord.
4. During the extended term, the same terms, covenants,
conditions, provisions and agreements shall apply as are
provided for in this Lease and subject to Section 5 of the
printed portion of the Lease.
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October 16, 1998
Page 2
5. The Renewal Option rights of the Tenant are conditioned upon
the Lease being in full force and effect without default
thereunder on the date the Tenant exercised its Renewal Option
up to and including December 31, 2004.
6. Both Landlord and Tenant agree to amend this Lease to
incorporate the correct rent charges and any other changes
made necessary by this provision.
ARTICLE 4
PARKING: The Landlord shall provide the Tenant with two (2) stalls in
the underground garage. The cost for the period January 1, 1999 through
December 31, 2004, shall be at $75.00 per stall per month plus tax.
Provided the Tenant extends the term of Lease pursuant to Article 2
above, the cost shall be at the then current "market rate."
In witness whereof, this instrument has been duly executed by the
parties hereto as of the day, month and year written above.
LANDLORD: TENANT:
BLN Office Park Associates II Adaytum KPS Software Limited
By: /S/ Xxxx X. Xxxxxx By: /S/ Xxxxxxx X. Xxxx
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Its: Managing Agent Its: Group Controller
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