Exhibit 10.10
000 XXXXX XXXXX XXXXXX
XXXXXXXXXXXX, XXXXXXXXXXXX
AMENDMENT TO LEASE
AMENDMENT TO LEASE made as of this _____ day of March, 1997, by and between
BROAD AND NOBLE ASSOCIATES, INC., having its principal office at 000 Xxxxx
Xxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000 ("Landlord") and SUNGARD SERVICES
COMPANY, having its principal office at 0000 Xxxxxxxx Xxxx, Xxxxx, Xxxxxxxxxxxx
00000 ("Tenant").
W I T N E S S E T H:
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WHEREAS, reference is made to the Agreement of Lease, dated September 1,
1986 for certain space on the Mezzanine (the "Mezzanine"), and the Agreement of
Lease, dated April 12, 1984 for certain space on the sixth (6th) floor (the
"Sixth Floor"), and the Amendment to Lease, dated October 1989 for certain space
on the seventh (7th) floor (the "Seventh Floor"), the Amendment to Lease dated
September 30, 1991, for certain other space on the seventh (7th) floor (the
"Seventh Floor First Expansion Space"), and the Amendment to Lease, dated
November 19, 1992, for certain other space on the seventh (7th) floor (the
"Seventh Floor Second Expansion Space", the "Seventh Floor Third Expansion
Space", and "All Remaining Seventh Floor Space"), and the Amendment to Lease,
Dated November 22, 1996, for certain space on the eighth (8th) floor (the "Suite
816"), and the Amendment to Lease, dated December 23, 1996, for certain space on
the eighth (8th) floor (the "Eighth Floor First Expansion Space" and the "Eighth
Floor Second Expansion Space"), with the respective Riders attached thereto
(hereinafter collectively referred to as the "Leases"), demising certain
premises in the building known as 000 Xxxxx Xxxxx Xxxxxx, Xxxxxxxxxxxx,
Xxxxxxxxxxxx (the "Building"); and
WHEREAS, Tenant finds the present space inadequate for its needs; and
WHEREAS, Landlord is willing to accommodate expansion requirements of
Tenant on the tenth (10th) floor of Building.
NOW, THEREFORE, in consideration of the mutual agreements herein contained
and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledge, and intending to be legally bound hereby, the
parties hereto agree as follows:
1. (a) Landlord hereby leases to Tenant, and Tenant hereby hires from
Landlord 7,500 square feet of space, located on the tenth floor of 000 Xxxxx
Xxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx (the "Tenth Floor First Expansion
Space") as shown on the Tenth Floor plan, marked as area 1, attached hereto and
made a part hereof as Exhibit "A", for a term beginning March 1, 1997 and ending
December 31, 2004; and (b) Landlord hereby leases to Tenant and Tenant hereby
hires from Landlord an additional 6,500 square feet of space located on the
tenth floor of 000 Xxxxx Xxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx (the "Tenth
Floor Second Expansion Space"), as shown on the Tenth Floor plan, marked as
area 2, attached hereto and made a part hereof as Exhibit "A", for a term
beginning January 1, 1998 and ending December 31, 2004, all on the same terms
and conditions as are in existence for the Sixth Floor, Mezzanine, Seventh
Floor, Suite 816, and Eighth Floor Leases except as modified by and as
specifically set forth in this Amendment. Tenant will have access to and the
right to condition, improve,
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fixture, alter, decorate and the like, the entire space, and not just the Tenth
Floor First Expansion Space, immediately.
2. For the period commencing March 1, 1997 and expiring December 31, 1997
Tenant shall pay, as basic rent for the Tenth Floor First Expansion Space, the
sum of fifty-six thousand two hundred fifty and 00/100 dollars ($56,250.00)
annually, payable in equal monthly installments, in advance, of four thousand
six hundred eighty-seven and 50/100 dollars ($4,687.500) each; and, for the
period commencing January 1, 1998 and expiring December 31, 2004 Tenant shall
pay, as basic rent for the Tenth Floor First Expansion Space and the Tenth Floor
Second Expansion Space, the sum of one hundred five thousand and 00/100 dollars
($105,000.00) annually, payable in equal monthly installments, in advance, of
eight thousand seven hundred fifty and 00/100 dollars ($8,750.00) each.
3. With respect to the Tenth Floor First Expansion Space and the Tenth
Floor Second Expansion Space only, Paragraphs 3(b) and 3(c) of the Leases are
hereby amended to provide that the Base Real Estate Taxes and Base Operating
Charges for these tenth floor expansion spaces shall each be based on the
calendar year 1997. The percentage of increases in the Real Estate Taxes and
increases in the Operating Costs over the base year allocable to these
expansion spaces will be "one and eight one hundredths of a percent" (1.08%).
The method of computation will be the same as stated in Paragraphs 3(b) and 3(c)
of the Leases.
4. Landlord hereby grants Tenant the "Right of First Offer" on the
adjoining 18,294 square feet of office space. If, during the term of this
Lease, Landlord shall receive a bona fide letter of intent acceptable to it for
the leasing of the adjoining 18,294 square feet, or any part thereof ("Right of
First Offer Space"). Tenant shall have a continuing right to lease the same
upon the terms and conditions as are contained in the said offer, such right to
be exercised in the manner provided for herein. Landlord shall notify Tenant in
writing of the receipt of such letter, together with a copy thereof. Within
seven (7) business days after the receipt of such notice (such time to be of the
essence) Tenant shall, if it desires to lease the space, deliver to Landlord
Tenant's letter binding Tenant to make such lease on such terms. Tenant's
failure to make and deliver such letter within such seven (7) business days
shall result in the termination of this Right of First Offer and Landlord may
consummate the transaction in accordance with the terms of the bona fide letter
of intent submitted to Tenant. If Tenant delivers such letter, Landlord and
Tenant shall thereafter negotiate in good faith a lease amendment containing,
inter alia, the terms contained in the bona fide letter of intent. However, if
a lease agreement is not executed under the bona fide letter of intent Landlord
shall be obligated to follow the procedures and provisions of this Paragraph 4
with respect to any subsequent bona fide letter of intent to lease the Right of
First Offer Space acceptable to Landlord.
5. Tenant shall have the right to the non-exclusive use, in common with
other Tenants, of the transformer located on the 10th floor and Tenant shall be
charged at the General Service Rate for all electricity consumed in this
expansion space, and acknowledges that the transformer being used to provide
electrical current to the space may be jointly used by other tenants of the
Building.
6. Except as herein expressly modified, all of the terms, covenants and
conditions of the Leases shall remain in full force and effect.
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IN WITNESS WHEREOF, THE PARTIES HAVE DULY EXECUTED THIS Amendment to Lease
as of the day and year first above written.
BROAD AND NOBLE ASSOCIATES, INC.
a ______________________ corporation
By: /s/ Xxxxx Xxxxxxxx
----------------------------------------
Title:
(Corporate Seal)
SUNGARD SERVICES COMPANY
By: /s/ Xxxxxxx X. Xxxxxxxxx
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Title: SR. VP Finance, Chief Financial Officer
Attest: /s/ Xxxx Xxxxxxxx Xx.
-------------------------------------
Title: Assistant Controller
(Corporate Seal)
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CONSENT
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The following parties hereby acknowledge, consent and agree to all of the
terms and conditions contained in the Amendment to Lease for 000 Xxxxx Xxxxx
Xxxxxx, Xxxxxxxxxxxx, XX, dated as of March ___, 1997 between Broad and Noble
Associates, Inc., as Landlord, and SunGard Services Company, as Tenant, to which
this Consent is attached, for all purposes contained in the Leases, as that term
is defined in the attached Amendment to Lease, and for all purposes contained in
each and every Subordination, Non-Disturbance and Attornment Agreement, and all
amendments thereto, executed by any of the undersigned in favor of Tenant.
OWNER AND MASTER LESSOR
-----------------------
Xxxxxx X. Xxxxxxx, Nominee for
Xxxxxx X. Xxxxxx, Xxxxxx X.
Xxxxxx, Xxxxxx Xxxxxxx and
Xxxxxx X. Xxxxxxxxxx
/s/ Xxxxxx X. Xxxxxxx, Nominee
-----------------------------------
Xxxxxx X. Xxxxxxx, Nominee
FIRST MORTGAGEE:
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Xxxxxx Family, LLC and The
Xxxxxx X. Xxxxxx Foundation
By: [SIGNATURE ILLEGIBLE]
--------------------------------
By:________________________________
MASTER LESSEE:
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000 Xxxx 00xx Xxxxxx Xx., x
Xxx Xxxx limited partnership,
by its sole general partner,
Xxxxx Xxxxxxxx
/s/ Xxxxx Xxxxxxxx, Gen Partner
-----------------------------------
Xxxxx Xxxxxxxx, Gen Partner
LEASEHOLD MORTGAGEE:
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401 North Associates, an
Illinois limited partnership,
by its Authorized General
Partner General X. Xxxxxxx
/s/ Xxxxxx X. Xxxxxxx, Gen Partner
-----------------------------------
Xxxxxx X. Xxxxxxx, Gen Partner
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SUNGARD PHILADELPHIA
10TH FLOOR
[FLOOR PLAN APPEARS HERE]