EXHIBIT 10.66.1
AMENDMENT #1 TO THE LEASE
RENEWAL AMENDMENT
Agreement made this 3rd day of December, 2003, between HIGH PROPERTIES, a
Pennsylvania Limited Partnership ("Landlord") and THE XXXX. XXXX CIRCULATING
COMPANY, LLC, ("Tenant").
BACKGROUND
A. Tenant and Landlord entered into a lease dated March 15, 2000, wherein
Tenant leased 105,600 square feet of 0000 Xxxxxxxx Xxxxxxx Xxxx, xxx
"Xxxxxxxx"), Xxxxxxxxx, Xxxxxxxxxxxx. The aforesaid lease is herein referred to
as the "Lease."
B. Tenant desires to renew said Lease as set forth herein.
NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as
follows:
1. Effective for the period September 1, 2005 through August 31, 2010
(August 31,2010 being the expiration date of the additional term), the premises
leased under the Lease (the "Premises") shall be extended for an additional term
of five (5) years.
2. During the above-stated period applicable to the renewal term, all the
terms and conditions of the original Lease shall remain in full force and effect
subject to the following:
The parties to the above referenced Lease amend Part I, Sections 7, 8, 9,
10, 14 and 15, as follows:
7. Tenant Improvements: Complete ESFR sprinkler renovations.
8. Term: Five (5) Years
9. Term Commencement: September 1, 2005
10. Expiration Date: August 31, 2010
14. Monthly Base Rent: September 1, 2005 to August 31, 2006 - $40,304.00 - $4.58 PSF
September 1, 2006 to August 31, 2007 - $41,184.00 - $4.68 PSF
September 1, 2007 to August 31, 2008 - $42,064.00 - $4.78 PSF
September 1, 2008 to August 31, 2009 - $42,944.00 - $4.88 PSF
September 1, 2009 to August 31, 2010 - $43,824.00 - $4.98 PSF
15. Base Rent Over Term: $2,523,840.00
IN WITNESS WHEREOF, the parties, intending to be legally bound, have signed
this Amendment as of the 3rd day of December, 2003
LANDLORD
HIGH PROPERTIES
a Pennsylvania Limited Partnership,
By: High General Corporation,
Sole General Partner
By: /s/ Xxxx X. Xxxxxxxxxx
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TENANT
THE XXXX. LEVY CIRCULATING COMPANY, LLC
By: /s/
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Title:
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By:
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Title:
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