EXHIBIT 10.5A
FIFTH AMENDMENT TO LEASE
THIS FIFTH AMENDMENT TO LEASE is made and entered into on the 3rd
day of June 1996, by and between Metropolitan Life Insurance
Company (hereinafter called "Landlord") and U.S. Communications,
Inc. (hereinafter called "Tenant").
WITNESSETH
WHEREAS, Landlord and Tenant entered into a Lease Agreement on
December 17, 1992, and as amended February 14, 1994; November 1,
1994; December 31, 1994 and June 21, 1995 hereinafter called
"Lease" for the lease and rental by Tenant from Landlord of
approximately 14,400 square feet located at 0000 Xxxxxxxxx
Xxxxxxx, Xxxxx X, X & X Xxxxxxxx, XX 00000, hereinafter called
"Premises".
WHEREAS, Landlord and Tenant desire to amend said Lease by
extending the lease term and incorporating an additional 7,900
square feet known as 0000-X Xxxxx Xxxxxx Xxxx.
NOW THEREFORE, in consideration of the mutual rights and
obligations of the parties as recited in the Lease and herein,
Landlord and Tenant agree to amend the Lease as follows:
1. Effective June 1, 1996, the Premises per paragraph 1.02 of
the Lease Agreement, which originally consisted of 14,400
square feet ("Original Premises") shall be expanded by 7,900
square feet ("Expansion Premises"). The Premises shall
consist of both the Original Premises plus the Expansion
Premises for a total of 23,300 square feet. The Original
Premises and Expansion Premises are shown on the attached
Exhibit "A" to this Amendment and more particularly
described as:
0000 Xxxxxxxxx Xxxxxxx Suites B, C, & F
and
0000 Xxxxx Xxxxxx Xxxx. Xxxxx X
Xxxxxxxx, Xxxxxxx 00000
2. The Expiration Date of the Lease per paragraph 1.03, shall
be amended and the lease shall now expire January 31, 1999.
3. Paragraph 1.04, Rental and Special Stipulation #6 of the
Lease shall be amended as follows:
Monthly Base
Period Rental Rate
06/01/96 - 07/31/96 $ 7,540.00
08/01/96 - 11/30/96 $11,670.00
12/01/96 - 11/30/97 $12,023.00
12/01/97 - 11/30/98 $12,395.00
12/01/98 - 01/31/99 $12,767.00
4. Tenant agrees to accept possession of the Expansion Premises
in "as is" condition, except the Landlord shall provide all
mechanical systems in good working condition. Landlord agrees to
inspect and repair, at Landlord's expense all mechanical systems
including HVAC, prior to Tenant's acceptance of the Premises.
Landlord shall not be required to make any other improvements to
the Premises or Expansion Premises. Landlord shall not be
responsible for any other repairs other than those per paragraph
5.01 of the Lease Agreement.
Provided Tenant has maintained the regularly scheduled
preventative maintenance/service contract per Paragraph 5.05 of
the Lease Agreement, if during the initial six months of Tenant's
occupancy of the Expansion Premises, repairs and/or replacement
of the hot water, hearing and air conditioning systems in the
Expansion Premises are required due to the failure of the
equipment, such repairs and/or replacement shall be made and
performed by the Landlord at no cost to the Tenant.
5. All other terms and conditions of the Lease Agreement remain
as previously agreed.
All other terms and conditions of the Lease, any Amendments,
Modifications and Ratifications thereof, shall remain in full
force and effect. This Amendment to Lease is attached to and
incorporated by reference into the Lease Agreement as though
fully rewritten therein.
LANDLORD: TENANT:
Metropolitan Life Insurance Company U.S. Communications, Inc.
By: /s/ J. Xxxxxx X'Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxxxx
Equity Investment Manager
Date: 6/6/96 Date: 6/3/96
EXHIBIT "A"
[Drawing of Premises covered by Lease].
