Exhibit 10.18
Network Engines
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FIRST AMENDMENT TO LEASE AGREEMENT
THIS FIRST AMENDMENT TO LEASE AGREEMENT (this "Amendment") is entered into
as of the 1/st/ day of February, 2000 by and between New Boston Batterymarch
Limited Partnership ("Landlord") and Network Engines, Inc. ("Tenant"). This
Amendment amends that certain Lease Agreement dated October 19, 1999 between
Landlord and Tenant (the "Lease"), pursuant to which Lease Tenant currently
leases approximately 51,935 square feet of space (the "Premises") in the
building known as and numbered 00 Xxx Xxxx, Xxxxxx, Xxxxxxxxxxxxx (the
"Building"). For good and valuable consideration, the receipt and sufficiency of
which are acknowledged by the parties, Landlord and Tenant hereby amend the
Lease as follows:
1. Notwithstanding the definitions of the term and the "Commencement
Date" of the Lease set forth in Section III thereof, the term of the Lease shall
commence on the date that is the earlier to occur of (i) March 15, 2000 or (ii)
the date of substantial completion of Landlord's Work (such earlier date for the
purposes of the Lease being referred to as the "Commencement Date").
2. Tenant's right to occupy and use the Temporary Space as set forth in
Section XLI of the Lease is hereby extended through April 30, 2000, at the rent
set forth in the Lease. Tenant shall have the right at any time to extend
further such occupancy on the same terms and conditions as set forth in the
Lease upon fifteen (15) days' written notice to Landlord. Tenant shall have the
right at any time to terminate such occupancy upon fifteen (15) days' written
notice to Landlord.
3. Capitalized terms not defined herein shall have the meaning ascribed
to them in the Lease.
4. As amended hereby, the Lease is hereby affirmed and shall remain in
full force and effect. The provisions of this Amendment shall be binding upon
and inure to the benefit of the parties and their respective successors and
assigns.
5. This Amendment may be executed in multiple counterparts or with
multiple signature pages which, when assembled as a single document, shall be
deemed to be fully effective and operative as an original document.
IN WITNESS WHEREOF, this Amendment has been executed as of the day and year
first written above.
LANDLORD: NEW BOSTON BATTERYMARCH
LIMITED PARTNERSHIP
By: New Boston Fund IV, Inc.,
Its General Partner
By: /s/ Xxxxxx Xxxxxxxxx
--------------------
Name: Xxxxxx Xxxxxxxxx
Title: President
TENANT: NETWORK ENGINES, INC.
By: ____________________
Name:
Its:
-2-
IN WITNESS WHEREOF, this Amendment has been executed as of the day and year
first written above.
LANDLORD: NEW BOSTON BATTERYMARCH
LIMITED PARTNERSHIP
By: New Boston Fund IV, Inc.,
Its General Partner
By: ________________________
Name:
Title:
TENANT: NETWORK ENGINES, INC.
By: /s/ Xxxxxxx X. Xxxxxx
---------------------
Name: Xxxxxxx X. Xxxxxx
Its: CFO
-2-
SECOND AMENDMENT TO LEASE AGREEMENT
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THIS SECOND AMENDMENT TO LEASE AGREEMENT (the "Amendment") made this 1/st/
day of June, 2000 between NEW BOSTON BATTERYMARCH LIMITED PARTNERSHIP, with a
principal place of business at Xxx Xxxxxxxxxx Xxxxx, Xxxxx 0000, Xxxxxx,
Xxxxxxxxxxxxx 00000 ("Landlord") and. SAFETY 1/ST/, Inc. a Massachusetts
corporation with a mailing address of 000 Xxxxxxxx Xxxxxx, Xxxxxxxx Xxxx,
Xxxxxxxxxxxxx 00000 (hereinafter called "Tenant").
WHEREAS, the Landlord and Tenant entered into a Lease Agreement dated July
8, 1999, which lease was amended and the premises relating thereto expanded by a
First Amendment to Lease Agreement dated September 20, 1999 by adding the
"Expansion Space" consisting of 1492 square feet on the First Floor of the
Building (the lease as amended hereafter referred to as the "Lease") with
respect to premises containing approximately 60,915 total square feet of net
rentable area (the "Premises") in the Building known as 45 Xxx Road (the
"Building") located at 00-00 Xxx Xxxx, Xxxxxx, Xxxxxxxxxxxxx (the "Property"):
WHEREAS, Tenant desires to expand the Premises to include an additional 594
square (the "Additional Space") feet of net rentable area and to reconfigure the
existing space on the First Floor of the Building as shown on the attached
Exhibit I; and
WHEREAS, the parties desire to otherwise amend the Lease Agreement;
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and for the mutual promises
hereinafter set forth, Landlord and Tenant agree to amend the Lease, effective
as of the date hereof, as follows:
1) Exhibit I of the First Amendment to Lease is hereby deleted and
Section I. Premises is amended by adding thereto the following:
--------
"The Premises are hereby increased to include the Additional Space in
the Building and the reconfigured Expansion Space on the first floor
(together the "New First Floor Space") as shown on the attached
Exhibit I. All references in the Lease to Premises shall hereafter be
deemed to include the New First Floor Space and the "Net Rentable
Area" of the Premises shall be 61,509 square feet."
2) Section II. Term is amended by adding thereto the following:
"The term of the Lease as relates to the New First Floor Space shall
commence upon delivery of the Additional Space to Tenant (the "New
First Floor Space Delivery Date") in accordance with specifications
attached hereto as Exhibit II and shall terminate on the Termination
Date."
3) Section IV. Rent is amended by adding thereto the following:
----
"From and after the New First Floor Space Delivery Date, Tenant shall pay
the following Rent for the Premises:
1
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Period Per Square Foot Monthly Annual
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From the New First Floor Space $ 9.90 $50,744.93 $608,939.10
Delivery Date
to the First Anniversary of the
Commencement Date
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Year Two $10.80 $55,358.10 $664,297.20
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Year Three $11.70 $59,971.28 $719,665.30
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Years Four through Eight $12.60 $63,584.45 $775,013.40
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4) Section XI. Additional Rent, subsection (a) is amended by adding
thereto:
"From and after the New First Floor Space Delivery Date "Tenant's
Building Proportionate Share" for shall be forty-five and eighty-four
one hundredths percent (45.84%)."
5) Section XI. Additional Rent, subsection (b) is amended by adding
thereto:
"From and after the New First Floor Space Delivery Date "Tenant's
Property Proportionate Share" shall be twenty-two and twenty-eight one
hundredths percent (22.28%)."
6) Except as modified herein, all other terms and conditions of the Lease
Agreement, as previously amended, will remain in full force and effect
and are hereby ratified.
IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be
executed by their duly authorized representatives as of the day and year first
above written.
LANDLORD:
NEW BOSTON BATTERYMARCH LIMITED
PARTNERSHIP
By: /s/ Xxxxxx X. Xxxxxxxxx, Xx.
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Title: President
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Date:
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TENANT:
SAFETY 1/ST/, Inc.
By: /s/ Xxxxx X. Xxxxxx
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Title: General Counsel
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Date: 5/17/00
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2
Exhibit I
Expansion Space
[FLOOR PLAN APPEARS HERE]
EXHIBIT II
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LANDLORD'S WORK
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Premises to be delivered in their "as-is" except for the following:
1. Landlord will provide adequate ceiling lighting (2' x 4' recessed light
fixtures) for storage space.
2. Tile flooring throughout.
4
