ADDENDUM TO LEASE AGREEMENT
Addendum to Lease Agreement ("Addendum") made and entered into as of
the 1st day of October, 1998, by and between Bryn Mawr Mall Associates, a
Pennsylvania limited partnership ("Landlord") and Fidelity Leasing, Inc.
("Tenant").
Basis of Addendum
A. Landlord and tenant have entered into a Lease Agreement (the
"Lease") dated even date herewith.
B. Landlord and tenant desire to amend the Lease upon the terms and
conditions hereinafter set forth.
NOW, THEREFORE, the parties hereto, in consideration of the mutual
covenants herein contained and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, and intending to be
legally bound hereby, agree as follows:
1. Xxxxxxxxx 0X - Xxxxxxxxx 0X is hereby supplemented by the
addition of the following:
"Tenant may, at tenant's election, put the Tenant
improvement work shown on the Space Plan out to bid to one or more contractors
of Tenant's choosing. In the event Tenant elects to use one of its own
contractors, Tenant shall advise Landlord of such decision within seven (7) days
of the date of this Addendum. The contractor and contract shall be subject to
Landlord's reasonable approval. Tenant shall thereafter contract directly with
such approved contractor, and shall be responsible for ensuring the completion
of the Tenant improvements in accordance with the Space Plan and related
specifications. Landlord shall be responsible or the payment of the Tenant
improvements up to and including $20.00 per rentable square foot. In the event
the Tenant improvements do not utilize the entire $20.00 per rentable square
foot figure set forth above, tenant may utilize any unused portion thereof for
telephone and computer cabling purposes. In the event Tenant elects to utilize
one of its own contractors, the Lease Commencement date shall be as specified in
paragraph 2A (November 1, 1998), regardless of completion or incompletion of the
Tenant improvements".
2. Paragraph 21 - Paragraph 21 is hereby supplemented by the
addition of the following:
"The monument signage shall be constructed by Landlord.
Tenant shall only be responsible for the expense of adding Tenant's actual
signage to the monument. Tenant shall be permitted 48.3% of all signage on any
such monument".
3. Other Important Provisions -
a. Restatement and Ratification - All other terms,
conditions and provisions of the Lease which are not specifically amended by
this Addendum are hereby restated and ratified as if set forth herein in full.
b. Binding Effect - This Addendum shall be binding upon and
enure to the benefit of the parties hereto and their respective heirs,
administrators and permitted assigns.
WITNESS: BRYN MAWR MALL ASSOCIATES, a
Pennsylvania Limited Partnership
________________________________ By:___________________________________
Xxxxx X. XxXxxxxxx, General Partner
ATTEST: FIDELITY LEASING, INC.
________________________________(SEAL) By:___________________________________
, Secretary , President
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