EXHIBIT 10.20
128 TECHNOLOGY CENTER
PARAMETRIC TECHNOLOGY CORPORATION
AMENDMENT NO. 9
Reference is made to the original Lease dated June 1, 1987 and subsequently
amended March 10, 1988, November 9, 1988, November 8, 1989, January 21, 1991,
March 10, 1992, November 25, 1992, June 8, 1993, April 14, 1994 and July 19,
1995 collectively (the "Lease") by and between 128 Technology Trust under a
Declaration of Trust dated October 12. 1983 recorded in Middlesex County
Registry of Deeds Southern District, Book 15268, Page 65 (hereinafter "Lessor",
which expression shall include its heirs, executors, successors, and assigns
where the context so admits), and Parametric Technology Corporation, a
Massachusetts corporation having a principal place of business at 000 Xxxxxxxxxx
Xxxxx, Xxxxxxx, Xxxxxxxxxxxxx 00000 (hereinafter "Lessee", which expression
shall include its successors and assigns or executors and administrators where
the context so admits). Term defined in or by reference in the Lease not
otherwise defined herein shall have the same meaning herein as therein.
For good and valuable consideration, the receipt of legal sufficiency of which
is hereby acknowledged, Lessor and Lessee hereby agree to amend the Lease as
follows:
1. RENTABLE AREA OF THE DEMISED PREMISES: 168,992 SQUARE FEET
2. RENTABLE AREA OF THE BUILDING: 217,500 SQUARE FEET
3. The Base Rent for the Demised Premises shall be as set forth on Exhibit A
attached hereto.
4. The "BGS OPTION" set forth in Amendment No. 7 (April 14, 1994) of the Lease
shall be modified to incorporate the terms and conditions set forth in
Section 5 and Section 6 of the Settlement Agreement dated as of December 7,
1995 between Lessor and Lessee. The date by which Lessee must give written
notice of Lessee's election to exercise its option shall be changed from
December 31, 1995 to February 29, 1996.
5. Section 8.3 shall be deleted in its entirety and the following shall be
substituted therefor:
"8.3 Lessee shall make no alterations, improvements,
or additions to the demised premises of a structural nature. Lessee may
make only non-structural alterations and only after obtaining Lessor's
prior written consent, which consent may be conditioned upon the removal of
such alterations by Lessee at the expiration or other termination of this
Lease. All such alterations by Lessee shall be done in good and workmanlike
manner and by Lessor or its affiliates at competitive costs. At the
expiration or other termination of this Lease, Lessor shall have the option
to require Lessee either (i) to remove any alterations made by Lessee
without Lessor's consent and restore the demised premises to the condition
in which they were in at the beginning of the Term, or (ii) to have the
demised premises remain in their altered condition with all improvements
and additions made with or without Lessor's consent becoming the property
of the Lessor, except as to improvements or additions which are personal
property of Lessee, have been identified as such to the Lessor and are
removable without damage to the demised premises."
In all other respects, the terms and provisions of the Lease and subsequent
amendments are hereby ratified and confirmed and remain in full force and effect
and unamended.
Executed as a sealed instrument this 23rd day of January, 1996.
LESSOR:
128 Technology Trust
By: /s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx
As Trustee of 128 Technology Trust
By: /s/ Xxxx X. Xxxxxxxx
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Xxxx X. Xxxxxxxx
As Trustee of 128 Technology Trust
LESSEE:
PARAMETRIC TECHNOLOGY
CORPORATION
By: /s/ Xxxxx X. Xxxxxx
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Title: Sr. V.P. /CFO
