Amendment to Lease
Agreement made this 30th day of June 1997 by and between PARKLANDS
PROPERTIES TRUST, a Massachusetts voluntary association having its principal
office in Boston, Massachusetts (hereinafter "Landlord") and SENCORP SYSTEMS,
INC., a Delaware corporation, having an office at 000 Xxxxx Xxxx Xxxx, Xxxxxxx,
Xxxxxxxxxxxxx 00000 (hereinafter "Tenant").
WHEREAS, the parties entered into a certain lease dated December 8, 1989
for the premises known as building Xx. 0 xx 000 Xxxxx Xxxx Xxxx, Xxxxxxx,
Xxxxxxxxxxxxx 00000 (the "Lease"); and
WHEREAS, the parties amended the lease in the Amendment to Lease dated
April 20, 1992; and
WHEREAS, the parties wish to further amend the Lease as amended,
NOW THEREFORE, for good and valuable consideration, the receipt of which is
hereby acknowledged, the parties agree as follows:
1. Article 26, paragraph (a) is hereby amended by striking "five (5) years
(the "Second Renewal Term") commencing on January 1, 1998 and expiring on
December 31, 2002," and substituting therefor the following: "one (1) year
(the "Second Renewal Term") commencing January 1, 1998 and expiring on
December 31, 1998,".
2. Article 26, paragraph (c)(iii) is hereby amended by striking "the FMV"
and substituting therefor the following: "$4.20 per square foot."
3. Article 27, paragraph (a), is hereby amended by striking the last
sentence in its entirety and substituting therefor the following: "If said
Option is exercised at any time after January 1, 1995, the purchase price
will be $2,750,000.00."
4. Except as expressly amended herein, all the terms, covenants and
provisions of the Lease as amended shall remain in full force and effect
and are hereby ratified and confirmed, in their entirety.
5. Execution by the parties of this Amendment To Lease hereby constitutes
Tenant's Second Notice, as to renewal of said Lease for the Second Renewal
Term, as required under Article 26, paragraph (a), thereof.
IN WITNESS WHEREOF, the parties hereto have set their hands and seals as of
the day and year first above written.
LANDLORD: TENANT:
PARKLANDS PROPERTIES TRUST SENCORP SYSTEMS, INC.
By: /s/ Xxxx X. Xxxxxxx By: /s/ Xxxxxxx Xxxxxxxxxx
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Xxxx X. Xxxxxxx Xxxxxxx Xxxxxxxxxx
President
COMMONWEALTH OF MASSACHUSETTS
Barnstable, ss. June 30, 1997
Then personally appeared the above-named Xxxx X. Xxxxxxx, a Trustee of
Parklands Properties Trust, a Massachusetts voluntary association, and
acknowledged the foregoing to be his free act and deed in his capacity as a
Trustee and the free act and deed of said association, before me.
/s/ Xxxx X. Xxxx
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Notary Public
My Commission Expires: 3/11/99
COMMONWEALTH OF MASSACHUSETTS
Barnstable, ss. June 30, 1997
Then personally appeared the above-named Xxxxxxx Xxxxxxxxxx, President
SENCORP SYSTEMS, INC., a Delaware corporation and acknowledged the foregoing to
be his free act and deed of said corporation, before me.
/s/ Xxxx X. Xxxx
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Notary Public
My Commission Expires: 3/11/99
