Exhibit 10.8
SIXTH AMENDMENT TO AGREEMENT OF LEASE
THIS SIXTH AMENDMENT is made this 29th day of October, 1999, by and
between XXXXX AND ASSOCIATES - 0 XXXXX XXXXXX XXXXXXX LIMITED PARTNERSHIP, a
Pennsylvania limited partnership ("Landlord") and TANGRAM ENTERPRISE SOLUTIONS
formerly known as RABBIT SOFTWARE CORPORATION, a Pennsylvania Corporation
("Tenant").
BACKGROUND:
A. Landlord and Tenant entered into a Lease Agreement dated February
17, 1986 as amended by First Amendment to Agreement of Lease dated June 13,
1986, and a Second Amendment to Agreement of Lease dated June 1, 1989, as
amended by Third Amendment to Agreement of Lease dated October 12, 1992, as
amended by a Fourth Amendment to Agreement of Lease dated January 28, 1997, as
amended by a Fifth Amendment to Agreement of Lease dated March 10, 1997 (the
"Lease"), covering certain premises at 0 Xxxxx Xxxxxx Xxxxxxx, Xxxxx 000,
Xxxxxxx, Xxxxxxxxxxxx, as more fully describe in the Lease (the "Premises").
B. Whereas Tenant desires to extend the Term of this Lease and Landlord
has agreed to such extension subject to the provisions of this Amendment.
Accordingly, Landlord and Tenant desire to amend the Lease.
NOW, THEREFORE, the parties hereto, in consideration of the mutual
promises and covenants contained herein and in the Lease, and intending to be
legally bound hereby agree that the Lease is amended as follows:
1. Article 3 of the Lease entitled "Term" is amended by deleting the reference
to "February 29, 2000" and inserting "February 28, 2003" in its place.
2. Article 5(a) of the Lease entitled "Minimum Annual Rent" is hereby amended by
inserting the following minimum rent schedule:
Annually Monthly
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March 1, 2000 - February 28, 2001 $ 129,780.00 $ 10,815.00
March 1, 2001 - February 28, 2002 133,488.00 11,124.00
March 1, 2002 - February 28, 2003 137,196.00 11,433.00
3. Except as expressly modified herein, the terms and conditions of the Lease
shall remain unchanged and in full force and effect.
IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as of the
day and year first above written.
LANDLORD:
XXXXX & ASSOCIATES - 0 XXXXX XXXXXX XXXXXXX LIMITED PARTNERSHIP
By: Liberty Property Trust, Sole General Partner
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
Title: Senior Vice President
TENANT:
TANGRAM ENTERPRISE SOLUTIONS, INC.
By: /s/ Xxxxx X. Xxxx WITNESS: /s/ Xxxxxxx Agioglassitis
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Name: Xxxxx X. Xxxx Name:
Title: Senior V.P. - Legal Title:
