Exhibit 10.21A
ADDENDUM #2
AGREEMENT made this 21st day of January 1999, between REGENCY PARK
CORPORATION, a North Carolina corporation having its principal place of business
in Cary, North Carolina (the "Landlord") and SEER TECHNOLOGIES, INC., a Delaware
corporation having its principal place of business in Cary, North Carolina (the
"Tenant").
W I T N E S S E T H:
WHEREAS, the Landlord and Tenant entered into an Amended and Restated
Lease Agreement dated March 31, 1997 and Addendum #1 dated July 6, 1998 (herein
collectively called the "Lease"), whereby the Landlord leased to the Tenant
premises in a building at 0000 Xxxxxxx Xxxxxxx, Xxxx, Xxxxx Xxxxxxxx (herein
called the "Building"); and
WHEREAS, the Tenant desires to reduce its Premises in the Building.
NOW, THEREFORE, in consideration of the Premises and of the mutual
agreements hereinafter set forth, it is hereby mutually agreed as follows:
1. Effective April 1, 1999, the Annual Rental due under Article 2.01 ANNUAL
RENTAL of the Lease Agreement shall be as follows:
Rental of Eight Hundred Eighty-Seven Thousand Six Hundred Fifty-Eight and
90/100 Dollars ($887,658.90) per year ("Annual Rent"), payable in equal
monthly installments of Seventy-Three Thousand Nine Hundred Seventy-One
and 57/100 Dollars ($73,971.57), in advance, on or before the first day of
each calendar month for the period August 1, 1998, up to and including
March 31, 1999;
Rental of Eight Hundred Seventy-Seven Thousand Four Hundred Eighty-Five
and 00/100 Dollars ($877,485.00) per year ("Annual Rent"), payable in
equal monthly installments of Seventy-Three Thousand One Hundred
Twenty-Three and 75/100 Dollars ($73,123.75) in advance, on or before the
first day of each calendar month for the period April 1, 1999, up to and
including March 31, 2001;
Rental of Nine Hundred Twenty-Seven Thousand Six Hundred Twenty-Seven
Dollars and 00/ ($927,627.00) per year ("Annual Rent"), payable in equal
monthly installments of Seventy-Seven Thousand Three Hundred Two and 25/00
Dollars, in advance, on or before the first day of each calendar month for
the period April 1, 2001, up to and including March 31, 2004;
2. The space as outlined on the floor plan which is attached to Addendum#1,
dated July 6, 1998 as Exhibit G and Exhibit G-1, both for the second
floor, shall be replaced by Exhibit H and Exhibit H-1.
3. Effective April 1, 1999, Article 2, Paragraph 2.02.01 OPERATING EXPENSES
of the Lease Agreement shall be amended to reflect that the Tenant's share
of Operating Expenses over the Base Operating Expenses shall now be
thirty-seven and thirteen one hundredths percent (34.61%) for the "Second
Term" as per Lease.
4. Effective April 1, 1999, Article 2, Paragraph 2.02.02 REAL ESTATE TAXES
shall be amended to reflect that the Tenant's share of Real Estate Taxes
over the Base Real Estate Taxes shall now be thirty-seven and thirteen one
hundredths percent (34.61%) for the "Second Term" as per the Lease.
5. The reduction Premises constitutes approximately three thousand six
hundred fifty-six (3,656) rentable square feet.
6. The "Occupied Premises" as defined in the Amended and Restated Lease
Agreement constitutes fifty thousand one hundred forty-two (50,142)
rentable square feet.
7. The Tenant shall pay to the Landlord as a one time payment to be made no
later than February 15, 1999, Ninety-Six Thousand Nine Hundred Sixty and
00/100 Dollars ($96,960.00).
8. Except as herein modified, the Amended and Restated Lease Agreement shall
continue in full force and effect.
IN WITNESS WHEREOF, this instrument has been duly executed by the parties
hereto as of the day and year first above written.
REGENCY PARK CORPORATION
Landlord
Corporate Seal
By:
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Xxxx Xxxxxxx
Vice President
ATTEST:
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Assistant Secretary
SEER TECHNOLOGIES, INC.
Tenant
Corporate Seal
By:
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Title:
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ATTEST:
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Secretary