Exhibit 10.1(a)
AGREEMENT TO EXTEND LEASE
This Agreement is made and entered into as of this 14th day of
August, 1995, by and between Damson/Xxxxxxxx Realty Income Fund-II,
Limited Partnership (hereinafter called "Landlord") and IOMEGA
Corporation (hereinafter called "Tenant") with respect to the
following facts:
WITNESSETH:
A. Landlord and Tenant entered into a certain lease dated January
6, 1993, (the "Lease") under which Landlord demised to Tenant
the Property commonly known as Building 1, consisting of
approximately 24,000 square feet; and
B. Said Lease is schedule to expire by lapse of time on May 31,
1996; and
C. Landlord and Tenant desire to amend said Lease so as to extend
the Term thereof and to establish the rents payable thereunder
during such period; and
D. It is intended by this Agreement to amend said Lease;
NOW, THEREFORE, in consideration of the Property, and of the
covenants and agreements herein set forth, it is agreed that the
Lease be hereby amended from and after the date hereof as follows:
1) Section 1.05 of the Lease, entitled Lease Term, is hereby
extended for a period of two (2) years, commencing on the last
day of the initial Term of the Lease and expiring on the 31st
day of May, 1998, unless the Lease shall sooner terminate as
provided therein.
2) For the period from the first day of June, 1996, through and
including the 31st day of May, 1998, Tenant shall pay to
Landlord as Base Rent over and above the other and additional
payments to be made by Tenant for the Property, the sum of Two
Hundred Seventy-Three Thousand, Eighty-One and 60/100 Dollars
($273,081.60) payable monthly in advance on the first day of
each and every calendar month as follows:
Period Monthly Base Rent
June 1, 1996 through and
including May 31, 1997 $11,200.80
June 1, 1997 through and
including May 31, 1998 $11,556.00
all at the place and in the manner in the Lease provided.
3) Section 3.02 of the Lease, entitled Cost of Living Increases,
is hereby deleted and shall have no further force or effect.
4) Except as herein specifically amended, all terms, provisions,
covenants, and conditions of the Lease shall remain unchanged
and in full force and effect, and the same are hereby ratified
and confirmed.
TENANT LANDLORD
IOMEGA Corporation Damson/Xxxxxxxx Realty Income
Fund-II, Limited Partnership
By: /s/ Xxxx X. Xxxxxxxxx By: Xxxxxxxx
Investments
Its: Authorized Agent
Its: Senior Vice President
By: /s/ Xxxxxxx X. Xxxxx
Date: 8/25/95 Its: Senior Vice President
Date: 8/28/95
