EXHIBIT 10.18
FIRST AMENDMENT TO XXXXXXX SUBLEASE
THIS FIRST AMENDMENT TO XXXXXXX SUBLEASE is made and entered into this 24th day
of February, 2000, by and between BENCHMARK ELECTRONICS, INC., a Texas
corporation ("Sublessor"), and [XXXXXXX, A LOCKHEED XXXXXX COMPANY AND A
DIVISION OF] LOCKHEED XXXXXX CORPORATION, a Maryland corporation ("Sublessee").
WITNESSETH:
WHEREAS, Sublessor is the lessee under a prime lease (the "Prime Lease") for an
office building located within the Xxxx Technical Park in Hillsborough County,
New Hampshire, commonly known as Building #2, 00 Xxxxx Xxxx, Xxxxxx, Xxx
Xxxxxxxxx 00000 (the "Building"); and
WHEREAS, the Xxxxxxx Sublease (the "Sublease") was made by and between Sublessor
and Sublessee on the 23rd day of February, 1998; and
WHEREAS, Sublessee currently occupies approximately 52,000 square feet on the
second floor of the Building and makes use of the common areas, as defined in
the Sublease, together the 52,000 square feet and the common areas comprising
the "Premises"; and
WHEREAS, Sublessor, under the provisions of Section 1.02 of the Prime Lease, has
exercised its option to extend the term of the Prime Lease for one additional
term of four (4) years following the expiration of the prime term of the Prime
Lease; and
WHEREAS, Sublessee, under the provisions of Section 1.02 of the Sublease wishes
to exercise its option to extend the term of the Sublease for a period which
shall not terminate later than April 20, 2000; and
WHEREAS, Sublessor is agreeable to such extension; and
NOW, THEREFORE, in consideration of the mutual covenants and agreements of the
parties contained herein, Sublessor and Sublessee agree that the Lease shall be
amended in accordance with the following terms and conditions:
1. At the expiration of the prime term of the Sublease, the term shall be
extended for an additional period commencing February 23, 2000 and expiring
not later than April 20, 2000.
2. The Annual Base Rent for this period shall be $6.50 per square foot or
$338,000. The monthly installments of rent for this additional period shall
be $28,166.67. The daily rental rate shall be $908.60. The last installment
of rent is intended to cover the period March 23, 2000 to April 20, 2000. If
Sublessee remains in the space for this entire period, the rental for that
period associated with the last installment of rent shall be for 29 days or
$26,349.40. If Sublessee vacates the space prior to April 20, 2000, the rent
shall be calculated using the daily rate as herein set forth.
3. All other terms, conditions, covenants and/or obligations set forth in the
Sublease shall remain in full force and effect.
4. All capitalized terms not set forth herein shall have the meaning set
forth in the Sublease.
IN WITNESS WHEREOF, the Parties have caused this First Amendment To Xxxxxxx
Sublease to be executed on the date as indicated in the first sentence of this
agreement.
SUBLESSOR: SUBLESSEE:
BENCHMARK ELECTRONICS, INC. XXXXXXX, A LOCKHEED XXXXXX
COMPANY AND A DIVISION OF
LOCKHEED XXXXXX CORPORATION
By LMC Properties, Inc. Attorney In Fact
Under Irrevocable Power of Attorney dated
6/5/96
By:______________________________ By:________________________________________
Name: Name:
As Its: As Its:
Date: Date: