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EXHIBIT 10.7
LEASE AMENDMENT NO. 1
THIS LEASE AMENDMENT NO. 1 is made and entered into as of the 27th day of
July, 1995 by and between XXXXXX PLACE ASSOCIATES NOMINEE CORPORATION, a
Delaware nominee corporation (the "Landlord"), and NEUROTEC INTERNATIONAL CORP.,
a Delaware corporation (the "Tenant").
WITNESSETH:
WHEREAS, Landlord and Tenant have heretofore entered into a certain lease
dated as of February 6, 1995 (the "Lease"), demising a portion of the Skylobby
of Four Xxxxxx Place containing approximately 4,435 rentable square feet (the
"Premises") in Xxxxxx Place, located in Boston, Massachusetts (the "Building");
WHEREAS, the Tenant desires to expand into additional adjacent premises of
approximately Two Thousand Eight Hundred Ninety-Nine (2,899) rentable square
feet on the Skylobby level of Four Xxxxxx Place; and
WHEREAS, the parties desire to amend the Lease as 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. Effective August 1, 1995, the Lease is amended as follows:
a. The section of Paragraph 1 of the Lease captioned "Base Rent" is hereby
deleted in its entirety and replaced with the following words and figures:
Base Rent: At the rate of One Hundred Sixty-Five Thousand Fifteen
and 00/100 Dollars ($165,015.00) per annum, in equal monthly
installments of Thirteen Thousand Seven Hundred Fifty-One and 25/100
Dollars ($13,751.25) per month (Calculated at the rate of $22.50 per
square foot at 7,334 rentable square feet of space) (See Paragraph
4).
b. The section of Paragraph 1 of the Lease captioned "Tenant's
Proportionate Share" is hereby deleted in its entirety and replaced with
the following words and figures:
Tenant's Proportionate Share: 0.91% (computed on the basis of 95%
occupancy).
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c. In the section of Paragraph 1 of the Lease captioned "Premises",
the figure "4,435" is hereby deleted and replaced with the figure
"7,334".
d. The section of Paragraph 1 of the Lease captioned "Security
Deposit" is hereby deleted in its entirety and replaced with the
following words and figures:
Security Deposit: Thirty Thousand Three Hundred Eighty-two
and 52/100 ($30,382.52).
e. The following paragraph is hereby added to the Lease as Paragraph
37:
37. CONSTRUCTION ALLOWANCE
As long as Tenant is not in default under the Lease, Landlord
shall pay to the Tenant the sum of Fourteen Thousand Four
Hundred Ninety-Five and 00/100 Dollars ($14,495.00) as the
Landlord's contribution towards additional improvements to the
Premises (the "Tenant Improvements") within five (5) days
after the last to occur of the following: (1) Tenant taking
possession of the Premises and commencing payment of Base
Rent; (2) Tenant providing Landlord with a certificate
executed by Tenant's architect and/or general contractor to
the effect that the Tenant Improvements have been
substantially completed and that Tenant has paid all amounts
due with respect to the construction of such Tenant
Improvements; and (3) Tenant providing Landlord with lien
waivers from Tenant's general contractor and each of the
subcontractors with respect to all work performed under their
respective contracts.
2. Exhibit A to the Lease is hereby deleted and replaced with Exhibit A
attached hereto.
3. Any term contained in this Lease Amendment No. 1 having an initial
capital letter and not otherwise defined herein shall have the meaning assigned
to it in the Lease.
4. 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.
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TENANT: LANDLORD:
NEUROTEC INTERNATIONAL CORP. XXXXXX PLACE ASSOCIATES
NOMINEE CORPORATION
By: /s/ Xxxxxx X. Xxxxxxxxx By: /s/ illegible signature
------------------------ ----------------------------------
Its Vice President Its Vice President
Hereunto duly authorized Hereunto duly authorized
ATTEST:
BY:_____________________________
Its:_________________________
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EXHIBIT A
Floor Plan
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