AMENDMENT #3 TO THE LEASE
ADDITIONAL SPACE
Agreement made this 10th day of December, 1998, between HIGH V LIMITED
PARTNERSHIP, ("Landlord") and LEXICON ENVIRONMENTAL ASSOCIATES, INC.,
("Tenant").
A. Tenant and Landlord entered into a lease dated April 26, 1991, and
amended thereafter, wherein Tenant leased 4,182 square feel of 000 Xxxx
Xxxxxx Xxxxxx, Xxxxx 000, (the "Building"), West Chester, Pennsylvania.
The aforesaid lease is herein referred to as the "Lease".
B. Tenant desires to lease additional space in the Building as set
forth herein.
NOW THEREFORE, the parties hereto intending to be legally bound agree as
follows:
1. Effective for the period January 1, 1999 through May 31, 2003 (May
31, 2003 being the expiration date of the term of the Lease), the Premises
leased under the Lease, (the "Premises"), shall be expanded to include the
additional space in the Building consisting of 746 square feet as shown on
Exhibit "A-2", hereto (the "Expansion Premises").
2. During the above-stated period applicable to the Expansion Premises,
all the terms and conditions of the Lease shall apply to the Expansion
Premises as if it were an original part of the Premises, subject to the
following:
The parties to the above referenced Lease amend Part I, Sections 1, 2, 3
and 4, by replacing those sections with the following:
1. Premises:
1.1 Location: 000 Xxxx Xxxxxx Xxxxxx, Xxxxxx 000 and 000, Xxxx
Xxxxxxx, Xxxxxxxxxxxx
1.2 Tenant's Rentable Square Footage:
4,928 Square Feet
1.4 Tenant's Pro-Rata Share of Building: 20.513
Percent (20.513%)
2. Improvements:
2.1 Landlord shall make the improvements necessary to finish
the Expansion Premises according to the attached plan
(Exhibit A-2). Expansion Premises are not
continguous to the Premises.
3. Term
3.1 Number of Years: Four (4) Years and Five (5) Months
3.2 Term Begins: January 1, 1999
3.3 Term Ends: May 31, 2003
4. Rent
4.1 Base Rent for Entire Term: $376,852.43
4.2 Monthly Installment:
January 1, 1999 to May 31, 1999
- $6,644.59 $16.18 psf
June 1, 1999 to May 31, 2000
- $6,845.81 $16.67 psf
June 1, 2000 to May 31, 2001
- $7,051.15 $17.17 psf
June 1, 2001 to May 31, 2002
- $7,260.59 $17.68 psf
June 1, 2002 to May 31, 2003
- $7,478.24 $18.21 psf
IN WITNESS WHEREOF, the parties, intending to be legally bound have
signed this Agreement as of the 10th day of December, 1998.
LANDLORD
HIGH V LIMITED PARTNERSHIP
By: /s/ Xxxx X. Xxxxxxxxxx
Xxxx X. Xxxxxxxxxx
Senior Vice President
TENANT
LEXICON ENVIRONMENTAL ASSOCIATES, INC.
By: /s/ Xxxxx X. Xxxxx
Xxxxx X. Xxxxx
CEO
By: /s/ Xxxxxx X. Xxxxxxx
Xxxxxx X. Xxxxxxx
President
