EXHIBIT 10.29
SIXTH ADDENDUM T0 LEASE
BY AND BETWEEN
THE XXXXXX XXXX AND XXX XXXX REVOCABLE TRUST
(THE LANDLORD)
AND
FAIR, XXXXX AND COMPANY, INCORPORATED
(THE TENANT)
DATED
JULY 1, 1993
This Addendum to Lease dated January 10, 1996, ("Sixth Addendum") is hereby
attached to and incorporated into and made a part of that lease dated July 1,
1993, by and between The Xxxxxx and Xxx Xxxx Revocable Trust and Fair, Xxxxx and
Company, Incorporated and First Addendum to Lease by and between The Xxxxxx and
Xxx Xxxx Revocable Trust and Fair, Xxxxx and Company, Incorporated dated July 1,
1993, and Second Addendum to Lease by and between The Xxxxxx and Xxx Xxxx
Revocable Trust and Fair, Xxxxx and Company, Incorporated dated January 31,
1994, and Third Addendum to Lease by and between The Xxxxxx and Xxx Xxxx
Revocable Trust and Fair, Xxxxx and Company Incorporated dated January 31, 1994,
and Fourth Addendum to Lease by and between The Xxxxxx and Xxx Xxxx Revocable
Trust and Fair, Xxxxx and Company, Incorporated dated December 15, l994 and the
Fifth Addendum to Lease by and between the Xxxxxx and Xxx Xxxx Revocable Trust
and Fair, Xxxxx and Company, Incorporated dated May 24, 1995. The parties agree
to the following terms and conditions set forth herein below:
LEASE
2. PREMISES: Paragraph 2 shall be amended to provide that Tenant's
Premises on the Third Floor shall be increased from approximately
18,115 rentable square feet and 16,210 usable square feet ("Original
Premises") to 27,320 rentable square feet and 24,392 usable square feet
("Added Premises") to include the Premises known as Suite 301 (9,205
rentable SF and 8,182 useable SF) as shown on the attached Exhibit A.
4. POSSESSION: Tenant shall take possession of the Added Premises on March
18, l996, the first business day after Headquarters Companies vacates
the premises in accordance with its Lease Termination Agreement dated
January 9, 1996.
5. A. RENT: Paragraph 5.A. of the Lease shall be amended to provide
that Tenant agrees to pay Landlord as Base Rent for the Added
Premises the sum of Nineteen Thousand Two Hundred Thirty-eight
and 45/100 Dollars ($19,238.45) (9,205 rentable SF x $2.09 per
square foot) which makes the total Base Rent for the Third
Floor Premises Fifty-five Thousand Four Hundred Sixty-
eight and 45/100 Dollars ($55,468.45).
If Fair, Xxxxx executes a long-term lease at Regency Center 1 (ten
years minimum), the base rental rate on the Added Premises of this
Addendum shall be the same as all the other space in the building.
7. OPERATING EXPENSES ADJUSTMENTS: Paragraph 7 shall be amended to provide
that Tenant shall pay 26% of the increase in Direct Expenses
(27,320RSF/105,000SF).
The Base Year for the Added Premises shall be 1996.
FIRST ADDENDUM
4. TENANT IMPROVEMENT ALLOWANCE:
Landlord shall provide a tenant improvement allowance of Twenty-five
Thousand Dollars ($25,000.00) to be used on design and construction for
the Added Premises. Landlord shall pay this allowance to Fair, Xxxxx
within thirty (30) days after occupancy of the Premises by Fair. Xxxxx.
SECOND ADDENDUM
5. SERVICES AND UTILITIES
Paragraph C shall be amended as follows:
Tenant's monthly allowance for the entire Third Floor Premises shall be
$3,005.20 (27,320 rentable SF x $.11).
Tenant shall pay the amount of $2,683.12 (24,392 useable SF x $.11) per
month as a projected expense for over-standard electrical usage.
SIXTH ADDENDUM
1. MOVE-OUT COMPENSATION: In the event Fair, Xxxxx does not sign a
long-term lease (ten years minimum) at Regency Center I and moves out
of the Added Premises, it shall pay as compensation on or before the
date the Premises are vacated, six (6) months rent at the then existing
rate. If the Added Premises are leased and occupied prior to the end of
that six (6) month period, the move-out compensation shall be reduced
for each month the space is occupied and rent is paid.
LANDLORD The Xxxxxx Xxxx and Xxx Xxxx Revocable Trust
By: /s/Xxxxxx Xxxx
-----------------------------
Xxxxxx Xxxx, Trustee
Date: 3-7-96
-----------------------------
TENANT Fair, Xxxxx and Company, Incorporated
By: /s/ Xxxxxxx X. Xxxxxx
-----------------------------
Its:
-----------------------------
Date: 3-7-96
-----------------------------
EXHIBIT 10.29
SEVENTH ADDENDUM TO LEASE
BY AND BETWEEN
THE XXXXXX AND XXX XXXX REVOCABLE TRUST
("THE LANDLORD")
AND
FAIR, XXXXX AND COMPANY, INCORPORATED
("THE TENANT")
This Seventh Addendum to Lease dated November 22, 1996 ("Seventh
Addendum"), is hereby attached to and incorporated into and made a part of that
Lease dated July 1, 1993, by and between The Xxxxxx and Xxx Xxxx Revocable Trust
and Fair, Xxxxx and Company, Incorporated as amended by a First Addendum to
dated July 1, 1993; a Second Addendum to Lease dated January 31, 1994; a Third
Addendum to Lease dated January 31, 1994; and a Fourth Addendum to Lease dated
December 15, 1995; a Fifth Addendum to Lease dated May 24, 1995; and a Sixth
Addendum to Lease dated January 10, 1996 ("the Lease"). The parties agree to the
following terms and conditions set forth herein below:
Recitals
A. Landlord and Tenant are parties to the Lease pursuant to which
Landlord leased to Tenant and Tenant leased from Landlord office space
containing approximately 27,320 rentable square feet and 24,392 useable square
feet comprising part of the of the Third Floor of that certain office building
known as Regency Center I ("Regency I") located at 000 Xxxxx Xxxxx Xxxx, Xxx
Xxxxxx, Xxxxxxxxxx ("the Premises").
B. Landlord is currently constructing a building adjacent to Regency I,
which new building will be known as Regency Center II, and which will be leased
in its entirety to Tenant pursuant to an Office Building Lease of even date
herewith.
C. Landlord and Tenant now desire to amend the Lease as hereinafter set
forth.
D. The capitalized terms herein, unless otherwise indicated, shall have
the meanings ascribed to them in the Lease.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Paragraph 3 ("Right of First Opportunity") of the First Addendum to
Lease is hereby deleted in its entirety.
2. Subparagraph A and sub-subparagraph (i) of Paragraph 2 ("Option to
Extend") of the First Addendum to Lease are hereby deleted and the following
substituted therefor:
"A. Landlord grants to Tenant the option to extend the term of
this Lease for the Existing Premises for one (1) ten (10) year
period commencing upon expiration of the Term for the lease of
the Existing Premises, upon each and all of the following
terms and conditions:"
"(i) Tenant gives to Landlord and Landlord receives
notice of the exercise of the option to extend this
Lease for said additional term no later than twelve
(12) months prior to the time that the option period
would commence if the option were exercised, time
being of the essence. If said notification of the
exercise of said option is not so given and received,
this option shall automatically expire;"
3. Except as set forth herein, the Lease shall remain unmodified and in
full force and effect. Should there by any conflict between the terms of the
Lease and the terms of this Seventh Addendum, the terms of this Seventh Addendum
shall control.
IT WITNESS WHEREOF, the parties have executed this Seventh Addendum to
Lease as of the date first written above.
The Xxxxxx and Xxx Xxxx Revocable Trust
By: /s/ XXXXXX XXXX
--------------------------------
Xxxxxx Xxxx, Trustee
By: /s/ XXX XXXX
--------------------------------
Xxx Xxxx, Trustee
Fair, Xxxxx and Company, Incorporated
By: /s/ XXXXXXX X. XXXXXX
--------------------------------
Its: Vice President
--------------------------------
Exhibit A
Map of the Third Floor of Regency Center
Approximately 9205 Rentable Sq. Ft.
