Exhibit 10.1
TERMINATION OF LEASE
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THIS TERMINATION OF LEASE AGREEMENT made this 17th day of September,
1997 by and between XXXX X. XXXXXXXX and XXXXXX BAR-NIR, of 000 Xxxxxxxxx Xxxxx,
Xxxxxxxx, Xxxxxxxxxxxx ("Landlord") and ASTEA INTERNATIONAL, INC., 000 Xxxxxxxx
Xxxxxx Xxxxx, Xxxxxxx, Xxxxxxxxxxxx ("Tenant").
W I T N E S S E T H
WHEREAS, effective January 1, 1994, Landlord and Tenant entered into
that certain Amended and Restated Lease Agreement (the "Lease") under the terms
of which Landlord leased to Tenant Units 101, 102 and 103 located at Highpoint
Condominium Xx. 0, Xxx Xxxxxxx Xxxxxxxx, Xxxxx Xxxxxx, Xxxxxxxxxxxx (the
"Premises").
WHEREAS, Landlord and Tenant desire to terminate and cancel the Lease
prior to the expiration of the Term pursuant to the terms of this Lease
Termination Agreement (the "Agreement").
NOW, THEREFORE, for and in consideration of mutual agreements herein
contained, and for other good and valuable consideration by each of the parties
hereto to the other in hand paid, the receipt and sufficiency of which is hereby
acknowledged, and intending to be legally bound hereby, Landlord and Tenant
agree as follows:
1. The Lease shall terminate as of 11:59 p.m. on September 17th, 1997
(the "Termination Date"), as if the Lease had expired in accordance with its
terms, and all parties who are now or whoever have been obligated thereunder
shall have no further rights or obligations thereunder except as set forth in
this Agreement.
2. In consideration of the foregoing termination, Tenant shall pay
Landlord 3 equal payments of $155,595 each on October 31, 1997, November 30,
1997, and January 2, 1998. In addition, Tenant has previously paid on behalf of
Landlord $115,830 in consideration of the foregoing termination.
3. This Agreement may be executed in one or more counterparts. Each
such counterpart shall be deemed to be an original but all such counterparts
together shall constitute one and the same instrument.
4. This Agreement shall extend to and bind the heirs, executors,
administrators, successors and assigns of the respective parties hereto.
IN WITNESS WHEREOF, Landlord and Tenant have caused this Agreement to be
executed as of the day and year first above written.
LANDLORD:
/s/ Xxxx X. Xxxxxxxx
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/s/ Xxxxxx Bar-Nir
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TENANT:
/s/ Xxxxxx X. Xxxxxxxx, Xx.
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Secretary,
Astea International, Inc.
