EXHIBIT 10.25
May 3, 1996
128 TECHNOLOGY CENTER
PARAMETRIC TECHNOLOGY CORPORATION
AMENDMENT NO. 10
Reference is made to the original Lease dated June 1, 1987 and subsequently
amended March 10, 1998, November 9, 1988, November 8, 1989, January 21, 1991,
March 10, 1992, November 25, 1992, June 8, 1993, April 14, 1994, July 19, 1995
and January 23, 1996 collectively (the "Lease") by and between 128 Technology
Trust under a Declaration of Trust dated October 12, 1993, recorded in Middlesex
County Registry of Deeds Southern District, Book 15268, Page 65 (hereinafter
"Lessor", which expression shall include its heirs, executors, successors, and
assigns where the context so admits), and Parametric Technology Corporation, a
Massachusetts corporation having a principal place of business at 000 Xxxxxxxxxx
Xxxxx, Xxxxxxx, Xxxxxxxxxxxxx, 00000 (hereinafter "Lessee", which expression
shall include its successors and assigns or executors and administrators where
to context so admits). Terms defined in or by reference in the Lease not
otherwise defined herein shall have the same meaning herein as therein.
For good and valuable consideration, the receipt of legal sufficiency of which
is hereby acknowledged, Lessor and Lessee hereby agree to amend the Lease as
follows:
NEW AREA A 2,751 rentable square feet formerly occupied by Barnstable
EXPANSION SPACE: Corporation, Suite No. 3, 2nd floor, 000 Xxxxxxxxxx Xxxxx,
Xxxxxxx, Xxxxxxxxxxxxx.
AVAILABILITY: May 1, 1996.
RENT
COMMENCEMENT: May 1, 1996.
RENTAL RATE: $22.00 per rentable square foot (As Is).
AREA B EXPANSION 1,105 rentable square feet presently occupied by Hickory
OPTION SPACE: Travel, Suite No. 2, 000 Xxxxxxxxxx Xxxxx, Xxxxxxx,
Xxxxxxxxxxxxx.
AVAILABILITY: April 1, 1997 or sooner with 30 days written notice from
Lessor to Lessee.
RENT
COMMENCEMENT: Upon availability.
RENTAL RATE: $22.00 per rentable square foot (As Is).
TERM: Upon occupancy through October 31, 2001, subject to cancel-
lation by either party upon written notice to the other by
10/31/98.
TAX & OPERATING
EXPENSE BASE YEAR: 1996.
In all other respect, the terms and provisions of the Lease and subsequent
amendments are hereby ratified and confirmed and remain in full force and effect
and unamended.
Executed as a sealed instrument this 10th day of May,1996.
LESSOR: 128 TECHNOLOGY TRUST
BY: /s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx, as Trustee of
128 Technology Trust
BY: /s/ Xxxx X. Xxxxxxxx
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Xxxx X. Xxxxxxxx, as Trustee of
18 Technology Trust
LESSEE: PARAMETRIC TECHNOLOGY CORPORATION
BY: /s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx
TITLE: V.P. /Corporate Counsel
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