EXHIBIT 10.1.1
FIRST AMENDMENT TO LEASE
THIS FIRST AMENDMENT TO LEASE is entered into this 31st day of January,
1996, by and between New England Mutual Life Insurance Company ("Landlord"), a
Massachusetts corporation, and AUGMENT SYSTEMS, INC. ("Tenant").
WHEREAS, Landlord and Tenant are parties to that certain lease dated
October 23, 1995 (the "Lease") pursuant to which Tenant is presently leasing the
Initial Space (as defined in the Lease) in the building located at 0 Xxxxxxx
Xxxx, Xxxxxxxx, Xxxxxxxxxxxxx;
WHEREAS, Landlord and Tenant now desire to amend certain provisions of
the Lease as herein provided. Terms not defined herein shall have the meanings
ascribed to them in the Lease.
NOW, THEREFORE, in consideration of the mutual covenants contained
herein, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree as follows:
1. Additional Provisions. The following is added as AP2 to Part III of the
Lease:
"AP2. Mandatory Re-leasing of the Initial Space. If the Initial Space
is not leased to Tenant pursuant to the exercise by Tenant of the right
of first refusal as provided in AP1 above, and if Landlord has not,
prior to April 1, 1997, leased all of the Initial Space to a third
party or parties, then Tenant shall lease from Landlord all of the
Initial Space or any portion thereof not so leased to third parties,
for the period commencing on April 1, 1997 and continuing for the
balance of the Remaining Term at the annual Base Rent rate of $5.50 per
year per rentable square foot. In such event, Landlord and Tenant shall
promptly enter into an amendment to the Lease incorporating the Initial
Space (or portion thereof not so leased to third parties) into the
Premises at such annual Base Rent rate for the balance of the Remaining
Term and increasing Tenant's Percentage to account for the space
added."
2. No Further Modifications. Except as amended hereby, all of the terms and
conditions of the Lease shall remain in full force and effect and Landlord and
Tenant hereby ratify and confirm the Lease and all of its terms and conditions
as hereby modified.
IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment as
of the date first set forth above.
LANDLORD: TENANT:
NEW ENGLAND MUTUAL LIFE AUGMENT SYSTEMS, INC.
INSURANCE COMPANY
By: /s/ Xxxxx X. Xxxxxxxx By: /s/ Xxxxxx Xxxx
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Name: Xxxxx X. Xxxxxxxx Name: Xxxxxx Xxxx
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Title: Asset Manager Title: CEO
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