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Exhibit 10.64
AMENDMENT TO LEASE
The Lease by and between Equity Property Associates I (Landlord) and HADCO
Corporation (Tenant) dated November 1, 1995, as amended May 1, 1995 for the
Lease area in 00X Xxxxx Xxxxxxx, Xxxxx, XX, is hereby amended as follows:
Amendment No. 1 -- Article I, Section 1.5 Term, insert the following;
1.5 Term: Ten (10) years
1.5.1 Scheduled Term Commencement Date: June 1, 1998
Amendment No. 2 -- Article I, Section 1.6 Annual Fixed Rent, insert the
following;
1.6 Annual Fixed Rent: $328,405.00
Included Operating Expense Share: $27,865.00
Included Tax Expense Share: $44,640.00
1.6.1 Expense Share Adjustments: The initial Annual Fixed Rent
for the Term is based, in part, on the Operating Expense Share
and Tax Expense Share. In the event that either the actual
Operating Expense Share or actual Tax Expense Share is less
than the amounts paid in any year during the term of the Lease
(e.g., if real estate taxes applicable to the property
decrease below the Tax Expense Share paid), then the
difference will be abated to Tenant for that year and the
Operating Expense Share or the Tax Expense Share, as the case
may be, will be reduced for the next year. The amount of any
reduction due Tenant shall be determined at the end of each
semi-annual or annual adjustment period, and Landlord shall
promptly thereafter either: (i) refund the excess Annual Fixed
Rent paid by Tenant for the immediately preceding adjustment
period, or (ii) credit to Tenant the excess already paid and
apply it to the next installment of Annual Fixed Rent due from
Tenant.
1.6.2 Annual Base Rent Adjustment: At the end of year five
(5), effective June 1, 2003, the Annual Base Rental (Annual
Fixed Rent less the Included Operating Expense Share and Tax
Expense Share) of $255,900.00 will be adjusted by the rise in
the Consumer Price Index (CP-IU), For All Urban Consumers,
Boston-Lawrence-Salem, MA-NH. The denominator for the
calculation will be the Index figure for May, 1998 and the
numerator will be the Index figure for May, 2003. The fraction
resulting therefrom will be multiplied by the existing Annual
Base Rental to determine the New Annual Base Rental. In no
event will the rental amount decrease from the existing Annual
Base Rental amount.
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Amendment No. 3 -- Exhibit C (Original Lease)
Delete this Exhibit C in its entirety.
This Amendment is subject to the receipt of $850,000.00 from the Landlord which
represents reimbursement for Tenant finish work done at 00X Xxxxx Xxxxxxx,
Xxxxx, XX. Receipt of which will be given in writing and attached hereto.
All other provisions of the Lease are hereby ratified and confirmed.
In Witness Whereof, the parties have executed this Amendment To Lease this 29th
day of May, 1998.
WITNESS: LANDLORD: Equity Property Associates I
/s/ Xxxxx Xxxxxxx /s/ Xxxx X. Xxxxxxxx
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WITNESS: TENANT: HADCO Corporation
/s/ Xxxxx Xxxxxxx /s/ Xxxxxxxx Xxxxxxx
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