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EXHIBIT 10.20
FIRST AMENDMENT TO LEASE
THIS FIRST AMENDMENT TO LEASE ("First Amendment") is executed this 7th day
of February, 1997, by and between 1471 Building Corporation, a Florida
corporation, successor in interest to Xxxxxxx Xxxxxxx and Xxxxxxxxx Xxxxxxx,
and Security Associates International, Inc. ("Lessee").
WITNESSETH
WHEREAS, Xxxxxxx Xxxxxxx and Xxxxxxxxx Xxxxxxx, as lessor, entered into a
Sublease Agreement with Security Associates International, Inc., as lessee,
dated December 29, 1996 ("Sublease") for the Leased Premises located on the
second floor of a two-story building located at 0000 X.X. 00xx Xxxxxx, Xxxxxxx
Xxxxx, Xxxxxxx (capitalized terms used and not otherwise defined herein shall
have the same meaning as in the Sublease). A true and correct copy of the
Sublease is attached hereto as Exhibit A and incorporated herein; and
WHEREAS, Xxxxxxx Xxxxxxx and Xxxxxxxxx Xxxxxxx have assigned their
interest in the Sublease to 1471 Building Corporation, a Florida corporation
("Lessor"); and
WHEREAS, Lessor has acquired fee title to the Property; and
WHEREAS, pursuant to Sections 1.10 and 1.05 of the Sublease, Lessor and
Lessee agreed that upon Lessor's acquisition of the Property, the Sublease
would be converted into a Lease subject to the terms and conditions of the
Sublease, and the Lease Term would be extended until December 31, 2001; and
WHEREAS, Lessor and Lessee desire to ratify the conversion of the Sublease
to a Lease and to amend certain terms thereof.
NOW, THEREFORE, in consideration of the rents herein reserved and of the
covenants and agreements herein contained and other good and valuable
consideration the receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:
1. Substitution and Deletions. Certain terms and Sections of the Sublease
are hereby amended as follows:
a. All references to the "Sublease" are deleted and replaced with the
term "Lease".
b. Section 1.10 is deleted.
c. The last two sentences of Section 9.02(c) are deleted.
d. The last sentence of Section 10.03 is deleted.
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2. Utilities/Services. During the Lease Term, Lessor shall provide the
following utilities and services:
a. air conditioning and heating when necessary to provide a temperature
condition required, in Lessor's reasonable judgment and in keeping with the
standards of similar class buildings in Pompano Beach, Florida, for comfortable
occupancy of the Leased Premises under normal business operations, twenty-four
hours per day, seven days per week, including holidays.
b. water in common with other leases for drinking, lavatory and toilet
purposes drawn through fixtures in the Leased Premises.
c. passenger elevator service on a 24-hour basis.
d. separately-metered electricity by means of standard receptacles and
lighting fixtures on the Leased Premises, for equipment and accessories normal
to Lessee's intended use of the Leased Premises.
e. refuse disposal, janitorial service and customary cleaning for the
Building, exterior lighting for the Building and parking lot, and landscape
maintenance of the Real Property, consistent with past practice.
Lessor shall exercise its best efforts to diligently pursue any work
necessary to restore any service or utility which has been stopped or
interrupted and shall schedule any repairs or improvements so as to minimize
inconvenience to Lessee's use and occupancy of the Leased Premises. If
services are interrupted for a period of two (2) consecutive business days,
Rent (including Base Rent and Additional Rent) shall xxxxx thereafter until
such services resume.
3. Terms. Except as expressly modified herein, the terms of the Sublease
shall remain in full force and effect.
IN WITNESS WHEREOF, Lessor and Lessee have executed this First Amendment
on the date and year first above written.
LESSOR:
1471 Building Corporation,
a Florida corporation
By: /s/ Xxxxxxx Xxxxxxx
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Its President
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LESSEE:
Security Associates International, Inc.
By: /s/ Xxxxx X. Xxxxxxx
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Its President
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