EXHIBIT (10)(K)
Amendment to original lease of March 28, 1995, Canton, Massachusetts between
427 Turnpike Realty Trust and the Registrant dated April 1, 1998.
April 1, 1998
000 XXXXXXXX XXXXXX
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INTERNATIONAL ELECTRONICS, INC.
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AMENDMENT NO. 1
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Reference is made to the Lease dated March 28, 1995 (the "Lease" by and between
000 Xxxxxxxx Xxxxxx Realty Trust (hereinafter called the "Landlord", which
expression shall include its heirs, executors, successors and assigns where the
context so admits) of one part, and International Electronics, Inc., a
Massachusetts corporation (hereinafter called the "Tenant", which expression
shall include its successors and assigns or executors and administrators where
the context so admits) of the otherwise defined herein shall have the same
meaning herein as therein.
For good and valuable consideration, the receipt and legal sufficiency which is
hereby acknowledged, Lessor and Lessee hereby agree to amend the Lease as
follows:
1. (A) SUBJECTS REFERRED TO;
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LEASE TERM
OR TERM: From April 15, 1998 through April 14, 2000.
FIXED RENT: Fixed Rent shall be payable as follows: $5.92 per rentable
square foot, triple net, for all twenty-four (24) calendar
months of the Lease Amendment Term. Fixed Rent shall be
calculated on the aggregate square footage of the Existing
Premises of 15,540 square feet.
2. (B) LANDLORD'S REQUIRED WORK
Should the Tenant request, Landlord's only work at the demised
premises shall consist of the installation of carpet in the
office space areas only. Landlord shall initially pay for the
cost of the carpet, both items not to exceed the cost of Ten
Thousand dollars ($10,000.00), and the Tenant shall pay back the
Landlord the total cost of the carpet and its installation in
twelve (12) equal monthly installments commencing on May 1, 1998.
5. (C) The Factor: The factor shall be 38.4%.
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All other terms and conditions remain the same. Executed as a sealed instrument
this 2nd day of April, 1998.
LANDLORD: 000 Xxxxxxxx Xxxxxx Realty Trust
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BY: /s/ Xxxxx Xxxx
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Xxxxx Xxxx, Agent
TENANT: International Electronics, Inc.
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BY: /s/ Xxxx Xxxxxxxxx
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Xxxx Xxxxxxxxx
By its President
