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EXHIBIT 10.3
FIRST AMENDMENT TO LEASE
THIS AGREEMENT made this 11th day of June, 1993, by and between KGE
ASSOCIATES LP, a limited partnership hereinafter referred to as "Landlord" and
COMPLEMENTARY SOLUTIONS, INC., a corporation, hereinafter referred to as
"Tenant".
W I T N E S S E T H:
WHEREAS, the parties hereto made and entered into a lease agreement
dated January 28, 1992, for premises located at 0000 Xxxxxxxxx Xxxx Xxxxx,
Xxxxxxx, XX 00000, being approximately 9,228 square feet of office space.
WHEREAS, the parties wish to modify the Lease Agreement as hereinafter
provided.
NOW, THEREFORE, in consideration of the exchange of valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree that the said Lease shall be amended as follows:
A. PREMISES
With the addition of 195 square feet, Tenant's total space is now
deemed to be 9,423 square feet of office space.
B. TERM
The term for the space shall be from June 1, 1993 through March 31,
1997.
C. BASE RENTAL
The base rental rate for the space shall be modified according to the
schedule below:
Year 1 Beginning June 1, 1993 through March 31, 1994, the monthly sum of
SEVEN THOUSAND SEVEN HUNDRED AND ONE DOLLAR AND 90/100 ($7,701.90)
for a total base rental of SEVENTY SEVEN THOUSAND AND NINETEEN
DOLLARS AND 00/100 ($77,019.00).
Year 2 Beginning April 1, 1994 through March 31, 1995, the monthly sum of
SEVEN THOUSAND, NINE HUNDRED TWENTY-NINE DOLLARS AND 62/100
($7,929.62) for a total annual base rental of NINETY-FIVE THOUSAND
ONE HUNDRED FIFTY-FIVE DOLLARS AND 44/100 ($95,155.44).
Year 3 Beginning April 1, 1995 through March 31, 1996, the monthly sum of
EIGHT THOUSAND ONE HUNDRED SIXTY-FIVE DOLLARS AND 20/100
($8,165.20) for a total annual base rental of NINETY-SEVEN
THOUSAND NINE HUNDRED EIGHTY-TWO DOLLARS AND 40/100 ($97,982.40).
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Year 4 Beginning April 1, 1996 through March 31, 1997, the monthly sum of
EIGHT THOUSAND FOUR HUNDRED EIGHT DOLLARS AND 62/100 ($8,408.62)
for a total annual base rental of ONE HUNDRED THOUSAND NINE
HUNDRED AND THREE DOLLARS AND 44/100 ($100,903.44).
D. LANDLORD IMPROVEMENTS
Landlord will construct an approximately 195 sq. ft. break room
including an exhaust system, that is externally ducted and controlled
by a timer.
All other terms, provisions and covenants of the Lease Agreement dated
January 28, 1992 shall remain in full force and effect.
IN WITNESS WHEREOF, the parties herein have hereto set their hands and
seals, in triplicate, the day and year first above written.
"LANDLORD"
KGE Associates, LP
By: /s/ X. Xxxxx
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Date Executed by Landlord: 6/11/93
(CORPORATE SEAL)
"TENANT"
COMPLEMENTARY SOLUTIONS, INC.
By: /s/ Xxxxxx X. Xxxxx
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Its: Controller
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Attest:
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Its:
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Date Executed by Tenant
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(CORPORATE SEAL)
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