FIRST AMENDMENT TO LEASE AGREEMENT
THIS FIRST AMENDMENT TO LEASE AGREEMENT ("First Amendment") is made this
9th day of December, 1998 by and between XXXX XXXXXXX, LLC ("Landlord") and
BALTIMORE GAS AND ELECTRIC COMPANY, ("Tenant")
WITNESSETH:
WHEREAS, by Lease Agreement dated April 27, 1993 (the "Original Lease")
between Constellation Properties, Inc. (the "Original Landlord") and Tenant,
the Original Landlord leased to Tenant and Tenant leased from Original
Landlord that certain office space containing 7,470 rentable square feet (the
"Leased Premises"), and located within the building owned by Original
Landlord at 0000 Xxxxxx Xxxxxxx, Xxxxxxxxx, Xxxxxxxx 00000.
WHEREAS, effective September 28, 1998, the Original Landlord assigned all
of its right, title and interest in the Original Lease to Landlord.
NOW, THEREFORE, in consideration of the sum of Five Dollars ($5.00), paid
by the Landlord and Tenant, each to the other, the mutual covenants and
conditions herein contained, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby amend the Lease as follows:
1. Paragraph Numbered 2. - Term:
This Lease Extension shall be for a term ("Term") of 19 months commencing
July 1, 1999 and extending through December 31, 2000.
2. Paragraph Numbered 3. - Renewal Terms:
Delete this paragraph in its entirety.
3. Paragraph Numbered 4. - Rent
As rent for the Premises during this extension Term, Tenant shall pay to
Landlord an annual base rent (herein "Base Rent") set forth on the schedule
below, in advance, in monthly installments on the first day of each calendar
month during each respective Lease Year as set forth below, and without
deduction, setoff or demand except as otherwise specifically set forth herein:
Monthly Installment
Lease Year Annual Base Rent of Annual Base Rent
---------- ---------------- -------------------
First Lease Year $49,302.00 $4,108.50
Second Lease Year $51,274.08 $4,272.84
4. Paragraph Numbered 28. - Notices
Delete "Attention: Xxxxxx X. Xxxxx, Supervisor, Real Estate Operations"
and replace with "Director, Real Estate and Facilities Planning."
5. Except as herein modified or amended, the parties hereto do hereby
ratify and confirm the Lease and all terms, covenants and conditions thereof
which shall continue in full force and effect. To the extent of any
inconsistency between the Lease and this First Amendment, the terms of this
First Amendment shall prevail.
IN WITNESS WHEREOF, this First Amendment has been executed the day and
year first above written.
WITNESS: COPT. XXXXXXX, LLC
/s/ Xxxxx [ILLEGIBLE] By: /s/ Xxxxx X. Xxxxxxx, Xx.
------------------------------ -------------------------- (SEAL)
Xxxxx X. Xxxxxxx, Xx.
Senior Vice President
ATTEST/WITNESS: BALTIMORE GAS AND ELECTRIC COMPANY
/s/ A. M. Xxxxxxxx By: /s/ Xxxxxxx X. Xxxx
------------------------------ -------------------------- (SEAL)
Xxxxxxx X. Xxxx
Director-Real Estate
and Planning
