EXHIBIT 10.13
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AMENDMENT NO. 7 TO LEASE
THIS AMENDMENT NO. 7 TO LEASE (the "SEVENTH AMENDMENT") is made and
entered into as of the 4th day of December, 2002 between Landlord and Tenant
named below.
LANDLORD: LONG WHARF DRIVE, LLC
000 Xxxxxx Xxxxxx
Xxx Xxxxx, XX 00000
TENANT: XXX.xxx, Inc.
000 Xxxx Xxxxx Xxxxx
Xxx Xxxxx, XX 00000
BUILDING: 000 Xxxx Xxxxx Xxxxx
Xxx Xxxxx, XX 00000
WHEREAS, Landlord and Tenant executed a lease dated as of February 5,
1999, as amended by that certain Amendment No. 1 to Lease dated as of June 9,
1999, that certain Amendment No. 2 to Lease dated as of November 9, 1999, that
certain Amendment No. 3 to Lease dated as of January 20, 2000, that certain
Amendment No. 4 to Lease dated as of February 8, 2000 (the "FOURTH AMENDMENT"),
that certain Amendment No. 5 to Lease dated as of November 12, 2001, and that
certain Amendment No. 6 to Lease dated as of April 22, 2002 (collectively, the
"Lease"); and
WHEREAS, pursuant to the terms and conditions of the Fourth Amendment,
the Tenant leased from Landlord certain space located on the sixth floor of the
Building containing 9,052 rentable square feet (the "SIXTH FLOOR SPACE") for a
term scheduled to expire on December 31, 2002; and
WHEREAS, by this Seventh Amendment, Tenant wishes to extend the term of
the Lease with regard to the Sixth Floor Space only; and
WHEREAS, Landlord and Tenant wish to execute an amendment of the Lease
stating, among other things, the new term and base rent for the Sixth Floor
Space.
NOW, THEREFORE, the parties to this Seventh Amendment, in consideration
of the covenants hereinafter contained and the sum of One Dollar ($1.00) to each
party paid by the other, the receipt and sufficiency of which is hereby
acknowledged, do covenant and agree as follows:
1. All capitalized terms used in this Seventh Amendment, but not
defined herein, shall have the same meanings ascribed thereto in the Lease.
2. The "Sixth Floor Term" (as defined in the Fourth Amendment) is
hereby extended for the period beginning January 1, 2003 on a month-to-month
basis. Beginning January 1, 2003, either Landlord or Tenant may terminate the
Lease upon at least ninety (90) days' prior written notice to the other (the
Sixth Floor Term as extended, the "SIXTH FLOOR EXTENSION TERM").
3. Commencing on January 1, 2003 and continuing for the duration of
the Sixth Floor Extension Term, Tenant shall pay base rent for the Sixth Floor
Space at the rate of One Hundred Thirty Two Thousand Six Hundred Eleven and
76/100 Dollars ($132,611.76) per annum, payable in equal monthly installments of
Eleven Thousand Fifty and 98/100 Dollars ($11,050.98), based upon Fourteen
1
and 65/100 Dollars ($14.65) per rentable square foot per annum and 9,052
rentable square feet. Base rent shall be pro rated for any partial period.
4. For the duration of the Sixth Floor Extension Term, Tenant shall,
at no additional cost to Tenant, be entitled to 2.67 unreserved parking spaces
for every 1,000 rentable square feet of the Sixth Floor Space (i.e. 24 parking
spaces based on 9,052 rentable square feet) in the parking facility located on
the Property.
5. Each party represents to the other that it has not dealt with any
broker, agent or other intermediary who is or may be entitled to be paid a
broker commission or finder's fee in connection with this Sixth Amendment,
except Equis Corporation, whose fees shall be the sole responsibility of
Landlord pursuant to a separate agreement between Equis Corporation and
Landlord. Each party agrees to indemnify the other and hold it harmless from all
liabilities arising from breach of the representations stated above. The
representations and obligations contained in this Paragraph 5 shall survive the
termination of the Lease.
6. Any provisions or exhibits in the Lease purporting to give Tenant
any right to extend or renew or extend the term of the Lease with regard to the
Sixth Floor Space, except as otherwise expressly provided for in this Seventh
Amendment, are hereby void and of no force or effect.
7. Except as modified by this Seventh Amendment, the terms and
provisions of the Lease are hereby confirmed and ratified, and that instrument
shall remain in full force and effect as modified herein.
IN WITNESS WHEREOF, Landlord and Tenant have signed this Seventh
Amendment as of the day and year first above written.
SIGNED, SEALED, AND DELIVERED
IN THE PRESENCE OF: LANDLORD:
LONG WHARF DRIVE, LLC
/s/ Xxxxxx Xxxxxx By: /s/ Xxxxxx X. Xxxxxxx
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Its: Director - Transactions
TENANT:
XXX.xxx, Inc.
/s/ Xxxxx Xxxxxx By: /s/ Xxxxxx Xxxxxx
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Its Authorized Signatory
2
STATE OF Illinois
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) ss.:
COUNTY OF Xxxx )
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On this the 4th day of December, 2002, before me, Xxxxxx Xxxxxxx, the
undersigned officer, personally appeared Xxxxxx X. Xxxxxxx, who acknowledged
himself/herself to be the Director - Transactions of Long Wharf Drive, LLC and
that he/she, as such Director - Transactions and being authorized to do so,
executed the foregoing instrument for the purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
/s/ Xxxxxx Xxxxxxx
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Notary public
My Commission Expires: 0-0-0000
XXXXX XX Xxxxxxxxxxx
------------------ )
) ss.:
COUNTY OF New Haven )
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On this the 27th day of November, 2002, before me, Xxxxxx Xxxxxx, the
undersigned officer, personally appeared Xxxxx Xxxxxxxxxx, who acknowledged
himself/herself to be the VP Business Operations of XXX.xxx, Inc. and
that he/she, as such representative, being authorized to do so,
executed the foregoing instrument for the purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
/s/ Xxxxx Xxxxxxxxxx
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Notary public
My Commission Expires: 02-28-07
