Exhibit 10.19
FOURTH AMENDMENT TO OFFICE LEASE
This Fourth Amendment To Office Lease is entered into between Matco
Enterprises, Inc., a Washington corporation, hereinafter referred to as
"Landlord", and qad. inc., a California corporation, hereinafter referred to
as "Tenant".
This Fourth Amendment To Office Lease is made in reference to the
following facts:
A. Landlord and Tenant entered into an Office Lease dated November 30,
1992, for Suites I, K and L located at 0000 Xxxxxxxxxxx Xxxxxx, Xxxxxxxxxxx,
Xxxxxxxxxx, hereinafter "Office Lease".
B. Landlord and Tenant entered into a First Amendment To Office Lease
dated September 9, 1993, whereby Landlord leased Suites C and H to Tenant on
the terms and conditions of the First Amendment To Office Lease.
C. Landlord and Tenant entered into a Second Amendment To Office Lease
dated January 14, 1994, whereby Landlord leased Suite J to Tenant on the
terms and conditions of the Second Amendment To Office Lease.
D. Landlord and Tenant entered into a Third Amendment To Office Lease
dated January 14, 1994, whereby Landlord leased Room B in the basement and
temporarily leased Room C in the basement on the terms and conditions of the
Third Amendment To Office Lease.
E. With the Tenant expanding into Suite J, Landlord desires to use Suite H
for its own purposes, and Tenant has agreed to terminate the Lease as to
Suite H, and only Suite H.
IT IS AGREED:
1. TERMINATION AS TO SUITE H.
Effective as of February 1, 1994, the Office Lease shall terminate as
to Suite H and Suite H only. Suite H contains 1394 net rentable square feet.
Effective February 1, 1994, the obligation of Tenant to pay rent and a
proportionate share of the operating costs for Suite H shall cease.
1.
2. ADDITIONAL TERMS.
Except for any terms inconsistent with this Fourth Amendment To Office
Lease, the terms and conditions of the Office Lease, as amended in the First,
Second and Third Amendments To Office Lease, shall remain in full force, and
effect, as to the remaining leased premises, Suites I, L, K, C and J.
In witness whereof, the parties have executed this Fourth Amendment To
Office Lease on Feb. 15th, 1994.
Landlord: MATCO ENTERPRISES, INC., a
Washington corporation
By: /s/ Xxxxxx Xxxxxx
------------------------------------
XXXXXX XXXXXX, formerly
known as Xxxxxx Xxxxxx Xxxx,
President
Tenant: qad. inc., a California
corporation
By: /s/ Xxx Xxxxxx
------------------------------------
XXX XXXXXX, President
By: /s/ Xxxx Xxxxxx
------------------------------------
XXXX XXXXXX, Vice-President
Approved as to form
and content:
THE XXXXXXX XXXXXXX COMPANY
By: /s/ Xxxxxxx Xxxxxxx
------------------------------
XXXXXXX XXXXXXX
[Letterhead]
February 17, 1994
Xx. Xxxx Xxxxx
xxx.xxx
0000 Xxx Xxxx Xxx.
Xxxxxxxxxxx, XX 00000
Dear Xxxx:
To memorialize your companies move out of Suite H and keep our leases in order
an amendment to the lease has been prepared for your executive officer's
signature.
Please have the original executed and returned to me. I have enclosed a copy
for your files.
Sincerely,
/s/ Xxxxxxx X. Xxxxxxx
Xxxxxxx X. Xxxxxxx
THE XXXXXXX XXXXXXX CO.
[Letterhead]
March 29, 1994
Mr. Xxxx Xxxx
Administration Manager
xxx.xxx
0000 Xxx Xxxx
Xxxxxxxxxxx, XX 00000
Dear Xxxx:
In accordance to your lease, specifically Page 10, Section 14, Right of First
Refusal to lease, Matco Enterprises Inc. formally notifies you of its
intention to offer for lease Suite G.
Suite G is currently under lease with Amvox/Voice-Tel. This lease will
terminate July 9, 1994. This space will be available from Matco Enterprises,
Inc. to xxx.xxx on July 10, 1994. Matco Enterprises, Inc. will lease to
xxx.xxx the premises for $.1263 per square foot NNN per month. The term can
be coterminus with other space currently occupied by xxx.xxx in Suites I,K,L.
Xxxx, if xxx.xxx is interested in remaining in Suite G after it's sub-lease
with Amvox/Voice-Tel expires I suggest that we'll formalize negotiations and
proceed.
Thank you very much for your attention to this matter, I look forward to your
response.
Sincerely,
/s/ Xxxxxxx X. Xxxxxxx
Xxxxxxx X. Xxxxxxx
XXX.XXX
1994
JANUARY:
Operating Total Total
Suite Rent Cost Due Paid
----- ---- ---- --- ----
Suites I, K, L $15,256.25 $6,224.55 $21,480.80 $21,480.80
Suite C & H $5,633.75 $2,298.57 $7,932.32 $7,932.32
---------- --------- ---------- ----------
TOTALS: $21,640.00 $8,523.12 $29,413.12 $29,413.12
---------- ----------
---------- ----------
FEBRUARY:
Operating Total Total
Suite Rent Cost Due Paid
----- ---- ---- --- ----
Suites I, K, L $15,256.25 $6,224.55 $21,480.80 $21,480.80
Suite C $3,891.25 $1,587.63 $5,478.88 $7,932.32
Basement Room C $750.00 $750.00 $0.00
---------- --------- ---------- ----------
TOTALS: $19,897.50 $7,812.18 $27,709.68 $29,413.12
---------- ----------
---------- ----------
Amount Due: $27,709.68
Amount Paid: ($29,413.12)
------------
Credit Due: $1,703.44
MARCH:
Operating Totalh Total
Suite Rent Cost Due Paid
----- ---- ---- --- ----
Suites I, K, L $15,720.35 $8,421.45 $24,141.80 $21,480.80
Suite C $4,009.63 $2,147.97 $6,157.60 $7,932.32
Basement Room C $750.00 $750.00 $.00
---------- --------- ---------- ----------
TOTALS: $20,479.98 $10,569.42 $31,049.40 $29,413.12
Less Credit: ($1,703.44) ----------
---------- ----------
$29,345.96
----------
----------
Amount Due: $29,345.96
Amount Paid: ($29,413.12)
------------
Credit Due: $67.16
