EXHIBIT 10.7
This Agreement BETWEEN ROBOCOM PROPERTIES, INC., 000 Xxxxx Xxxxxx, Xxxxxxxxxx,
Xxx Xxxx 00000 as Landlord and ROBOCOM SYSTEMS, INC., 000 Xxxxx Xxxxxx,
Xxxxxxxxxx, Xxx Xxxx 00000 as Tenant
Witnesseth: The Landlord hereby leases to the Tenant the following premises:
000 Xxxxx Xxxxxx, Xxxxxxxxxx, Xxx Xxxx for the term of ten (10) years to
commence from the 1st day of June 1989 and to end on the 31st day of May 1999 to
be used and occupied only for upon the conditions and covenants following:
1st. That the tenant shall pay the annual rent of $120,000.00 yearly said rent
to be paid in equal monthly payments in advance on the 1st day of each and every
month during the term aforesaid, as follows:
6/1/89-5/31/90--$10,000.00/mo 6/1/94-5/31/95--$10,000,00/mo
6/1/90-5/31/91--$10,000.00/mo 6/1/95-5/31/96--$10,000.00/mo
6/1/91-5/31/92--$10,000~00/mo 6/1/96-5/31/97--$10,000,00/mo
6/1/92-5/31/93--S10,000.00/mo 6/1/97-5/31/98--$10,000.00/mo
6/1/93-5/31/94--S10,000.00/mo 6/1/98-5/31/99--$10,000.00/mo
2nd. That the Tenant shall take good care of the premises and shall, at the
Tenant's own cost and expense make all repairs except structural and at the end
or other expiration of the term, shall deliver up the demised premises in good
order or condition, damages by the elements excepted.
3rd. That the Tenant shall promptly execute and comply with all statutes,
ordinances, rules, orders, regulations and requirements of the Federal, State
and Local Governments and of any and all their Departments and Bureaus
applicable to said premises, for the correction, prevention, and abatement of
nuisances or other grievances, in, upon, or connected with said premises during
said term; and shall also promptly comply with and execute all rules, orders and
regulations of the New York Board of Fire Underwriters, or any other similar
body, at the Tenant's own cost and expense.
4th. That the Tenant, successors, heirs, executors or administrators shall not
assign this agreement, or underlet or underlease the premises, or any part
thereof, or make any alterations on the premises, without the Landlord's consent
in writing; or occupy, or permit or suffer the same to be occupied for any
business or purpose deemed disreputable or extra-hazardous on account of fire,
under the penalty of damages and forfeiture, and in the event of a breach
thereof, the term herein shall immediately cease and determine at the option of
the Landlord as if it were the expiration of the .
ROBOCOM PROPERTIES INC.
000 XXXXX XXXXXX, XXXXXXXXXX, XXX XXXX 00000 (516) 795-5100
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AMENDMENT OF LEASE
The lease agreement entered into between ROBOCOM Properties Inc. and
ROBOCOM Systems Inc. is hereby amended as follows; effective, January l, 1990.
1. The tenant shall pay the annual rent of $144,000 yearly.
2. Said rent to be paid in equal monthly payments in advance on the first
day of each and every month during the term aforesaid, as follows:
6/1/89 - 12/31/89 - $10,000.00/mo 1/1/95 - 12/31/95 - $12,000.00/mo
1/1/90 - 12/31/90 - $12,000.00/mo 1/1/96 - 12/31/96 - $12,000.00/mo
1/1/91 - 12/31/91 - $12,000.00/mo 1/1/97 - 12/31/97 - $12,000.00/mo
1/1/92 - 12/31/92 - $12,000.00/mo 1/1/98 - 12/31/98 - $12,000.00/mo
1/1/93 - 12/31/93 - $12,000.00/mo 1/1/99 - 05/31/99 - $12,000.00/mo
1/1/94 - 12/31/94 - $12,000.00/mo
ROBOCOM SYSTEMS INC. ROBOCOM PROPERTlES INC.
BY: /s/ Xxxxx Xxxxxxx BY: /s/
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TITLE: President TITLE: Vice Pres
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DATE: 12/21/89 DATE: 12/21/89
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ROBOCOM PROPERTIES INC.
000 XXXXX XXXXXX, XXXXXXXXXX, XXX XXXX 00000 (516) 795-5100
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AMENDMENT OF LEASE
The lease agreement entered into between ROBOCOM Properties Inc and ROBOCOM
Systems Inc. is hereby amended as follows; effective, June 1, 1991.
1. The tenant shall pay the annual rent of $168,000 yearly.
2. Said rent to be paid in equal monthly payments in advance on the first
day of each and every month during the term aforesaid, as follows:
06/1/89 - 12/31/89 - $10,000.00/mo 1/1/95 - 12/31/95 - $14,000.00/mo
01/1/90 - 12/31/90 - $12,000.00/mo 1/1/96 - 12/31/96 - $14,000.00/mo
01/1/91 - 05/31/91 - $12,000.00/mo 1/1/97 - 12/31/97 - $14,000.00/mo
06/1/91 - 12/31/91 - $14,000.00/mo 1/1/98 - 12/31/98 - $14,000.00/mo
01/1/92 - 12/31/92 - $14,000.00/mo 1/1/99 - 05/31/99 - $14,000.00/mo
01/1/93 - 12/31/93 - $14,000.00/mo
01/1/94 - 12/31/94 - $14,000.00/mo
ROBOCOM SYSTEMS INC. ROBOCOM PROPERTlES INC.
BY: /s/ Xxxxx Xxxxxxx BY: /s/
-------------------------- ---------------------------------
TITLE: President TITLE: Vice Pres
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DATE: 5/31/91 DATE: 5/31/91
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AMENDMENT OF LEASE
The lease agreement entered into between ROBOCOM PROPERTIES, INC. and
ROBOCOM SYSTEMS, INC. is hereby amended as follows, effective January 1, 1997:
1. The tenant shall pay the annual rent of $168,000 yearly. Said rent is
to be paid in equal monthly payments in advance of the first day of
each month and every month during the term, at $14,000 per month.
2. The rent for future years, beginning January 1, 1998, shall be
adjusted by the ratio of the prime rate as published on January 2 of
each year subsequent to the prime rate of January 2, 1997 - such rate
being 8 1/4%. Said rent to be paid in equal monthly payments in
advance of the first day of each and every month.
3. Rent shall not be less than $14,000 per month.
ROBOCOM SYSTEMS INC. ROBOCOM PROPERTlES INC.
BY: /s/ Xxxxx Xxxxxxx BY: /s/0
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TITLE: President TITLE: Vice Pres
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DATE: 1/9/97 DATE: 1/9/97
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