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EXHIBIT 10.7.1
[Xxxx Group Letterhead]
October 30, 1997
ADDENDUM NO. 1 TO THAT CERTAIN LEASE DATED MARCH 3, 1997, BETWEEN XXXXXX X.
XXXX, LESSOR AND VOICE POWERED TECHNOLOGY, INC., A CALIFORNIA CORPORATION,
LESSEE
It is hereby agreed between Lessor and Lessee that said lease pertaining to
Suites 506 and 508 in the office building located at 00000 Xxxxxxx Xxxxxxxxx,
Xxxxxxx, Xxxxxxxxxx, will be amended in the following manner only:
1. Lessor and Lessee hereby acknowledge and reaffirm all their respective
rights, duties and obligations under the lease including this Addendum. Should
anything in this Addendum conflict with anything in the lease, the terms of this
Addendum shall control.
2. Commencing November 30, 1997, Lessee shall give up the physical possession of
Suite 508, as highlighted in red on the attached Exhibit D. Lessee shall remove
its furniture and leave the premises in a neat and orderly manner by no later
than December 8, 1997.
3. Commencing December 1, 1997, Lessee shall continue to occupy the premises
known as Suite 506 only, as highlighted in yellow on the attached Exhibit D.
4. Commencing December 1, 1997, Lessee's rent shall be decreased to $4,250.00
per month and continuing thereafter for the term of the lease, plus any other
amounts due hereunder.
5. Commencing December 1, 1997, Lessee's monthly parking shall be decreased from
twelve (12) car parking to seven (7) monthly car parking. Lessee's maximum
allowance of monthly car parking shall be decreased from twenty-one (21) to
eight (8).
6. Paragraphs 25.1, 25.2, 25.4, 25.5, 25.6 and 25.7 of the lease dated March 3,
1997, are hereby deleted.
7. Commencing December 1, 1997, Paragraph 25.3 is amended as follows: Provided
Lessee is not in default after receipt of written notice from Lessor of such
default, allowing ten (10) days to cure such default, Lessee shall have the
right to terminate said lease, effective March 31, 1998 through May 31, 1998,
provided Lessor is given at least a prior written notice of forty-five (45) day
notice of Lessee's intention to terminate said lease.
8. Lessee agrees to forfeit its security deposit of $28,887.00 upon execution of
this addendum. Said sum will be applied towards rent due for the premises known
as Suites 506 and 508 in the aforementioned office building for the time period
of September 1, 1997,
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Voice Powered Technology, Inc.
Addendum No. 1
October 30, 1997
Page 2
through November 30, 1997.
9. Upon execution of this addendum Lessee agrees to remit the sum of $8,500.00
representing the monthly rent for December, 1997, and a security deposit of
$4,250 for the premises Lessee is leasing known as Suite 506 in the
aforementioned office building.
The premises shall be leased in "as is" condition and all other terms and
conditions of the existing lease will remain the same. This addendum is subject
to final approval by the U.S. Bankruptcy Court.
LESSOR: LESSEE: Voice Powered Technology, Inc.
A California Corporation
/s/ XXXXXX XXXX /s/ XXXXXXXX XXXXX
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Xxxxxx X. Xxxx Xxxxxxxx Xxxxx, President
