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EXHIBIT 10.11
ADDENDUM NO. 2 TO LEASE
BY AND BETWEEN
N. J. CARPENTERS PENSION FUND, as the Landlord and
OPTICAL SYSTEMS, INC., as the Tenant;
WHEREAS, xxx Xxxxxxxxxx Pension Funds and Optical System, Inc. have agreed to
revise the terms of the Lease between them,
NOW THEREFORE it is agreed:
1. That Optical's rentable Area (per Section 31.06 of the Lease) is
being increased to include an additional 477 square feet, which is
located on the first floor of the building (per Section 31.03). This
space is not contiguous of Optical's current space. Optical's total
square footage will increase from 5,642 square feet to 6,119 square
feet.
2. The Basic Rent (per Section 31.01) shall be increased as follows:
April 20, 1998 through January 19, 2000, the rent shall
increase to $97,904 per year, or $8,158.66 per month.
3. Tenant's Proportionate Share (per Section 31.08) shall be increased
from 7.03% to 7.64%.
4. The Commencement of this change (per section 31.04) shall be
effective April 20, 1998.
5. The parties agree to ratify and confirm all of the other terms and
conditions of the August 1, 1993 Lease by and between them which
shall remain in full force and effect.
IN WITNESS WHEREOF, this Addendum No. 2 is signed and agreed to on
this 15th day of April, 1998.
NEW JERSEY CARPENTERS OPTICAL SYSTEMS, INC.
PENSION FUND
/s/ Xxxxxx Xxxxxxxxx
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By: Xxxxxx X. Xxxxxxxxxx By: Xxxxxx Xxxxxxxxx
WITNESS: WITNESS:
/s/ XXXX XXXXXXXX
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