THIRD AMENDMENT TO LEASE
THIS AGREEMENT dated as of August 31, 1996, by and between C/N LEEDOM
II LP, Pennsylvania corporation, Xxxxx 000, 00 Xxxxxx Xxxxxxxxx, Xxxxxxx Xxxxxx,
Xxxxxxxxxxxx 00000 ("Landlord"), party of the first part, and KLEINERTS
INCORPORATED, a Pennsylvania corporation, with its principal place of business
at Building #0, 000 Xxxx Xxxxxxxxxx Xxxx, Xxxxxxxx Meeting, Pennsylvania 19462
("Tenant"), party of the second part.
W I T N E S S E T H
WHEREAS, Landlord's predecessor in interest and Tenant entered into a
Lease dated January 24, 1986, which Lease was amended by Landlord and Tenant on
August 5, 1989, and again on April 9, 1991, (said Lease as amended being herein
called "Lease"), pursuant to which Tenant agreed to lease 3,919 square feet (the
"Premises") in Building Three located in Meetinghouse Business center, Plymouth
Township, Xxxxxxxxxx County, Pennsylvania, which Premises are more fully
described in said Lease; and
WHEREAS, the parties again desire to amend said Lease to extend the
Term and modify certain other provision thereof, all as set forth hereinafter.
NOW, THEREFORE, in consideration of the mutual convenants herein
contained and intending to be legally bound hereby, the parties hereto agree as
follows:
1. The Term of a said Lease as set forth in Section 1 thereof is hereby
extended for period of five (5) years so as to expire on October 2, 2001.
2. During the extended Term i.e. beginning on October 2, 1996, the
"Base Rent" as set forth in Section 1 of said Lease shall be as follows:
From To Annual Monthly
---- -- ------ -------
(a) October 2, 1996 October 1, 1997 $50,947.00 $4,245.58
(b) October 2, 1997 October 1, 1998 $51,926.75 $4,327.23
(c) October 2, 1998 October 1, 1999 $52,906.50 $4,408.88
(d) October 2, 1999 October 1, 2001 $53,886.25 $4,490.53
All such Base Rent shall be paid at the same time and in the same
manner as provided in said Lease for payment of Base Rent.
3. The "Operating Expense Allowance" shall be equal to the monthly
charge presently payable under said Lease together with any adjustments thereto
that may be effective pursuant to Lease Section 6 at the expiration of each
Operating Year during the Term as hereby extended.
4. On or before October 1, 1996, Landlord shall, at Landlord's sole
cost and expense, perform in a workmanlike manner the work set forth on Exhibit
A attached hereto.
5. Except as specifically amended above, the terms and conditions of
the Lease shall remain in full force and during the Term as hereby extended.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
Space Lease to be executed, under seal, as of the day and year first above
written.
(CORPORATE SEAL) BRANDYWINE OPERATING
PARTNERSHIP LP
BY BRANDYWINE REALTY TRUST,
GENERAL PARTNER
ATTEST: [Client Supply] BY: [Client Supply]
-------------------------------- ------------------------------
(CORPORATE SEAL) KLEINERTS INCORPORATED,
TENANT
ATTEST: [Client Supply] BY: [Client Supply]
-------------------------------- ------------------------------
EXHIBIT A
LANDLORD WORK
1. Replace front door buzzer.
2. Replace bathroom floor tiles
3. Replace carpeting in the following offices:
Gerry's Office
Bonnie's Office
Denise's Office
4. Replace the wallpaper and drapes in Denise's Office (the combined
costs thereof not to exceed $1,000).
5. Replace refrigerator with a refrigerator equipped with an automatic
defrosting freezer.
6. Repaint the following offices:
Computer Room
Bonnie's Office
Gerry's Office
7. Dust and clean wallpaper in all office.
8. Wash and clean blinds in all office.
9. Clean all linoleum floors in the Premises.
10. Shampoo the existing office carpet that is not being replaced.
