FIRST AMENDMENT TO LEASE
EXHIBIT 10.31
FIRST AMENDMENT TO LEASE
This Agreement, made this 5th day of November, 2002, by and between:
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PARAMUS PLAZA IV ASSOCIATES, having an office at 00 Xxxxx 00 Xxxxx, Xxxxxxx, Xxx Xxxxxx 00000, hereinafter referred to as “Landlord”, |
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AND |
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NU VIM, INCORPORATED, having an office at 00 Xxxxx 00 Xxxxx, Xxxxxxx, Xxx Xxxxxx 00000, hereinafter referred to as “Tenant”. |
WHEREAS, the parties have heretofore entered into the following Lease documents:
#1. |
Lease, dated December 8, 1999 |
#2. |
Addendum II to Lease, dated December 8, 1999 |
For 2,572 rentable square feet of Leased Premises, located on the second floor of Paramus Plaza IV, 00 Xxxxx 00 Xxxxx, Xxxxxxx, Xxx Xxxxxx 00000;
AND
WHEREAS, the Tenant desires to extend the Lease term for an additional two (2) years (January 1, 2003 - December 31, 2004).
NOW, THEREFORE, in consideration of one dollar ($1.00) and the covenants hereinafter set forth, the parties agree that:
ARTICLE FIRST:
#1. The Termination Date is hereby changed:
FROM: December
31, 2002
TO: December
31, 2004
#2. |
Effective January 1, 2003, the rent reserved under this First Amendment to Lease, shall be as follows: |
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$20.50/rsf/year plus $1.50/rsf/year tenant electric |
ARTICLE TWENTY-FOURTH: |
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#1. |
Base Year shall remain January 1, 2000 - December 31, 2000. |
ARTICLE FORTY-FIRST: |
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#1. |
Tenant hereby accepts the Leased Premises in the “AS IS” Condition, except as stated in attached letterdated 10/31/02. |
Except as expressly modified herein, the aforementioned Lease documents remain in full force and effect.
IN WITNESS WHEREOF, the parties have caused these presents to be executed by their signature, this day and year first above written.
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PARAMUS PLAZA IV ASSOCIATES |
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[ILLEGIBLE] |
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/s/ MALVERN X. XXXXXXXXX |
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Witness: |
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Malvern X. Xxxxxxxxx, |
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Managing Member |
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NU VIM INCORPORATED |
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[ILLEGIBLE] |
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/s/ XXXX XXXXXXX |
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Witness: |
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Xxxx Xxxxxxx, |
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President & CEO |
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