FIRST AMENDMENT TO LEASE
Exhibit 10.29
FIRST AMENDMENT TO LEASE
THIS
FIRST AMENDMENT TO LEASE (this “Amendment”) is entered into on this ___ day of
October 2004, by and between 3400 Carlisle, Ltd. (“Landlord”) and Study Island L.L.P.
(“Tenant”).
WHEREAS, Landlord and Tenant entered into that certain Office Lease commencing May 23,
2003, covering certain premises (the “Premises”) comprising 1,717 rentable square feet, known
as Suite 345, (commonly known as the “Lease”) in the office building (the “Building”) known
as “3400 Carlisle”, located at 0000 Xxxxxxxx, Xxxxxx, Xxxxxx Xxxxxx, Xxxxx, such Original
Premises being more particularly described in the Lease; and
WHEREAS, Tenant and Landlord desire to relocate the Premises to another location on
floor three (3) which contains 2,939 rentable square feet, all on certain terms and
conditions and pursuant to this Amendment to Lease; and
WHEREAS, Landlord and Tenant desire to extend the term of the Lease by sixty-three (63)
months; and
NOW, THEREFORE, for and in consideration of the mutual covenants contained herein and
for other good and valuable consideration, Landlord and Tenant hereby amend the Lease as
follows:
1. Location of Premises. The Premises, as defined in the Lease, shall be relocated
on floor three (3) as shown on Exhibit “A”. The suite number of the Premises shall remain
345 after such relocation.
2. Square Footage. The square footage of the Premises as shown in Part One article 2
of the lease shall be amended to be 2,939 square feet.
3. Base
Rental. Effective December 1, 2004 and continuing through February 28, 2010, Base
Rental payable by Tenant to Landlord for the Premises, shall be as follows:
Months 1-3 @ Free
Months 3-12 @ $16.00 psf or $3,918.67 per month
Months 13-24 @ $16.50 psf or $4,041.13 per month
Months 25-36 @ $17.00 psf or $4,163.58 per month
Months 37-48 @ $17.25 psf or $4,224.81 per month
Months 49-63 @ $17.50 psf or $4,286.04 per month
Months 3-12 @ $16.00 psf or $3,918.67 per month
Months 13-24 @ $16.50 psf or $4,041.13 per month
Months 25-36 @ $17.00 psf or $4,163.58 per month
Months 37-48 @ $17.25 psf or $4,224.81 per month
Months 49-63 @ $17.50 psf or $4,286.04 per month
4. Landlord’s Annual Operating Cost Contribution. Part One, Paragraph 5 shall be
amended as follows: “Actual Operating Cost per square foot of rentable area of the Premises
for Calendar year 2005 times the number of square feet in the Premises.”
5. Improvements. Landlord shall construct the improvements as shown on the plan
(Exhibit “A”) dated July 30, 2004 (“The Plan”), utilizing Building Standard materials and
methods. Any improvements requested and provided that are not shown in The Plan shall be at
Tenant’s expense. All improvements shall be constructed by a Landlord approved contractor
which shall be selected through a formal biding process.
6. Parking. Landlord shall provide a total of nine (9) unreserved parking spaces in the
Building
IN WITNESS WHEREOF, the parties have executed and delivered this Amendment on and
effective as of the date first above written.
LANDLORD: | TENANT: | |||||||
3400 Carlisle, Ltd. | Study Island L.L.P. | |||||||
By:
|
/s/ Xxxxxx X. Xxxxxxx | By: | /s/ Xxxxx Xxxxx; /s/ Xxxxxxx Xxxxxxxx | |||||
Name:
|
Xxxxxx X. Xxxxxxx | Name: | Xxxxx Xxxxx; Xxxxxxx Xxxxxxxx | |||||
Title:
|
President of the General Partner | Title: | Member; Member | |||||
0000 Xxxxxxxx Partners, Inc. | ||||||||
Date:
|
16/28/04 | Date: | 10/7/04; 10/7/04 | |||||
Exhibit “A”
Location of the Premises
The Plan
Location of the Premises
The Plan