EXHIBIT 10.23(a)
FIRST AMENDMENT TO LEASE
This First Amendment to Lease ("First Amendment") is made and shall be effective
for all purposes as of the 10th day of July, 1999 by and between 2200 West Park
Realty Trust ("Landlord") and Osicom Technologies, Inc. ("Tenant").
WITNESSETH
WHEREAS, Tenant and Landlord entered into an Office Building Lease ("Original
Lease") dated July 1, 1999 for 3,728 square feet of Rentable Square Feet (RSF)
of Premises located on the third floor of 0000 Xxxx Xxxx Xxxxx, Xxxxxxxxxxx,
Xxxxxxxxxxxxx, and
WHEREAS, Landlord and Tenant desire to amend the Lease to extend the Rent
Commencement Date as more fully described hereafter.
NOW, THEREFORE, in consideration of the mutual promise herein contained and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree that the Lease shall be amended as
follows:
1. Landlord and Tenant hereby incorporate all terms and provisions of the
Lease herein contained as is specifically set forth, except as said terms
are modified herein. Capitalized terms not specifically defined in this
amendment shall have the same meaning given to the terms in the Lease.
2. Article 1, Section 1.01
a) Delete:
"RENT COMMENCEMENT DATE: 9/01/1991,
Insert:
"RENT COMMENCEMENT DATE: 9/10/1991,
b) Delete:
"BASIC RENT: SEE SCHEDULE BELOW:
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PERIOD RATE PER SQ.FT ANNUAL RENT MONTHLY RENT
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Year 1 23.50 87,600 7,300.67
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Year 2 23.50 87,600 7,300.67
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Year 3 23.50 87,600 7,300.67
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Year 4 24-50 91,33 7,611.33
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Year 5 24.50 91,336 7,611.33
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Insert:
"BASIC RENT: SEE SCHEDULE BELOW:"
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PERIOD RATE PER SQ.FT. ANNUAL RENT MONTHLY RENT
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9/10/99-9/30/99 23.50 N/A 5,110.47
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2nd - 12th month 23.50 80,307.33 7,300.67
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Year 2 23.50 87,608 7,300.67
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Year 3 23.50 87,608 7,300.67
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Year 4 24.50 91,336 7,611.33
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Year 5 24.50 91,336 7,611.33
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In all other respects, the Original Lease of July 1, 1999 is hereby ratified,
confirmed, and approved.
IN WITNESS WHEREOF, the parties hereto have executed the Second Amendment to
Lease of the date set forth above.
LANDLORD TENANT:
2200 West Park Realty Trust Osicom Technologies, Inc.
/s/ Xxxxxx X. Xxxxx /s/ Xxxxxxx X. Xxxxxxxx
Xxxxxx X. Xxxxx, Trustee Xxxxxxx X. Xxxxxxxx, Vice President - Finance
Date: July 10, 1999 Date: July 10, 1999
