Exhibit 10.29
LEASE AMENDMENT NO. 3
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THIS LEASE AMENDMENT NO. 3 is made and entered into as of the 4th day of
December, 2000 by and between XXXXXX PLACE ASSOCIATES, LLC, a Delaware limited
liability company (the "Landlord") successor in interest to Xxxxxx Place
Associates Nominee Corporation, a Delaware nominee corporation, and NEUROTEC
INTERNATIONAL CORP., a Delaware corporation (the "Tenant").
WITNESSETH:
WHEREAS, Landlord's predecessor and Tenant have heretofore entered into
a certain lease dated as of February 6, 1995, demising a portion of the Skylobby
of Four Xxxxxx Place containing approximately 4,435 rentable square feet in
Xxxxxx Place, located in Boston, Massachusetts (the "Building"), which lease was
amended by Lease Amendment No. 1 dated July 27, 1995 increasing the premises
demised by the lease by approximately 2,899 rentable square feet on the Skylobby
level of Four Xxxxxx Place effective August 1, 1995 and further amended by Lease
Amendment No. 2 extending the term to January 31, 2001 and modifying the rent
effective February 1, 1998 (the lease dated February 6, 1995 as so amended being
herein referred to as the "Lease");
WHEREAS, the termination date of the Lease is January 31, 2000; and
WHEREAS, the Tenant desires to extend the Term of the Lease for an
additional five (5) years and the Landlord is willing to amend the Lease to so
extend the term on the further terms and conditions hereinafter set forth.
NOW, THEREFORE, in consideration of the promises and the mutual
covenants and agreements herein contained, the receipt and sufficiency of which
are hereby acknowledged, the Landlord and Tenant hereby agree as follows:
1. The Lease is amended so that the termination date shall be
January 31, 2006, unless sooner terminated as provided in the Lease.
2. Effective February 1, 2001, the subheading "Base Rent" under
Paragraph 1. Basic Data of the Lease shall be deleted and there shall be
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inserted in lieu thereof the following:
Base Rent: At the rate of Four Hundred Three Thousand Three
Hundred Seventy and 00/100 Dollars ($403,370.00) per
annum, in equal monthly installments of Thirty-Three
Thousand Six Hundred Fourteen and 17/100 Dollars
($33,614.17) per month (calculated at the rate of
$55.00 per square foot at 7,334 rentable square feet
of space) (See Paragraph 4).
4. Effective February 1, 2001, the subheading "Base Year" under
Paragraph 1. Basic Data of the Lease shall be deleted and there shall be
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inserted in lieu thereof the following:
Base Year: The Calendar Year 2001.
5. Landlord and Tenant hereby acknowledge to each other that the
Lease, as amended hereby, is and remains in full force and effect.
In witness whereof, Landlord and Tenant have caused this document to be
executed as of the date first above written.
TENANT: LANDLORD:
Artificial Life Inc. XXXXXX PLACE ASSOCIATES, LLC
a Delaware limited liability company
By: /s/ [signature illegible] By: Overseas Management, Inc.
-------------------------------- a Delaware Corporation
Its: CFO Managing Agent
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Hereunto duly authorized
By: /s/ Xxxx Xxxxx
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Xxxx Xxxxx
Its: VP & GM
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By:
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Its:
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