EXHIBIT 10.5
AMENDMENT TO LEASE AGREEMENT
(Modification of terms and rents)
The purpose of this Amendment, dated September 20,1995 is to modify the terms of
the Lease as noted, between Cottonwood Land and Farms, Ltd., "LESSOR, " and
Carrier Access Corporation, "LESSEE," for The Premises located at 0000 Xxxxx
Xxxxxxx, Xxxxxxx, XX.
This Amendment adds approximately 13,300 square feet and brings the total square
feet leased to 37,280 (app.), as shown on Exhibit "A", modifies the term of the
Lease Agreement, dated June 1, 1995 as referenced in Paragraph 2, and provides
for paragraph 10 Additional Rent and the rent schedule Paragraph 31 and terms to
be modified.
The Lessor hereby leases the Premises to the Lessee, and the Lessee hereby
leases the Premises from the Lessor, for a term commencing at 12:01 AM. on the
1st day of January, 1996 and ending at 11:59 P.M. on the 31st day of December,
2005 unless sooner terminated as herein set forth. The Lessee agrees to pay
Lessor as rent for the premises according to the terms of the RENT SCHEDULE
below:
January 1, 1996 through March 31, 1996 $0.00 per month
April 1, 1996 through April 30,1996 $20,583.00 per month
May 1, 1996 through December 31,1996 $31,999.00 per month
January 1, 1997 through December 31,1997 $31,999.00 per month
January 1, 1998 through December 31,1998 $33,278.00 per month
January 1, 1999 through December 31, 1999 $34,609.00 per month
January 1, 2000 through December 31, 2000 $36,341.00 per month
January 1, 2001 through December 31, 2001 $38,157.00 per month
January 1, 2002 through December 31, 2002 $40,066.00 per month
January 1, 2003 through December 31, 2003 $42,068.00 per month
January 1, 2004 through December 31, 2004 $44,172.00 per month
January 1, 2005 through December 31, 2005 $46,381.00 per month
Paragraph 10 Additional Rent, shall be modified from sixty-five percent(65%) to
one hundred percent (100%).
All other terms and conditions of the original Lease are to remain in full force
and effect.
IN WITNESS WHEREOF, the parties have hereunto set their hands and seals this
date and year above written.
LESSOR: Cottonwood Land and Farms, Ltd.
BY: /s/ Xxxxxxx X. Xxxxxx
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LESSEE: Carrier Access Corporation
BY: /s/ Xxxxx Xxxx Xxxxxx
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ITS: SEC/TREASURER
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STATE OF COLORADO)
)SS
COUNTY OF BOULDER)
The foregoing instrument was acknowledged before me by
XXXXXXX X. XXXXXX , of COTTONWOOD LAND & FARMS, LTD. , Lessor,
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on the 25TH day of SEPTEMBER , 1995.
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Witness my Hand and official Seal.
My commission expires: JUNE 2ND, 1998
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Notary Public: /s/ signature illegible
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STATE OF COLORADO)
-------- )SS
COUNTY OF BOULDER)
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The foregoing instrument was acknowledged before me by
XXXXX XXXX XXXXXX , of CARRIER ACCESS CORPORATION , Lessee,
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on the 21ST day of SEPTEMBER , 1995.
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Witness my Hand and official Seal.
My commission expires: JUNE 2ND, 1998
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Notary Public: /s/ signature illegible
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EXHIBIT "A"
[FIRST FLOORPLAN APPEARS HERE]
EXHIBIT "A"
[SECOND FLOORPLAN APPEARS HERE]
