FIRST AMENDMENT TO LEASE
THIS FIRST AMENDMENT is made and entered into as of September 15, 1994 by and
between XXXXXXXXXXX INVESTMENT & DEVELOPMENT COMPANY, a California Corporation
("Landlord") and Video Broadcasting Corporation, a Delaware Corporation
("Tenant").
A. Landlord and Tenant made and entered into a written Lease Agreement
dated May 5, 1994, pursuant to which Tenant leased from Landlord,
1,500 rentable square feet of space on the Twelfth floor (12) of the
Building. A Letter Agreement dated July 22, 1994 added additional
tenant improvements to be provided by Landlord at Landlord's cost.
B. Landlord and Tenant agree to reduce the square footage of the Premises
to 1,472 rentable square feet.
AND WHEREAS, the parties agree to this First Amendment to Lease on the terms
hereinafter stated.
NOW, THEREFORE, in consideration of the mutual covenants herein, and in the
stated Lease contained, the parties hereby agree as follows:
1. Section 1.(a) of the Original Lease shall be amended to reflect a
rentable area of approximately 1,472 square feet and a usable area of
1,262 square feet.
2. Section 1.(b)(2) of the Original Lease shall be amended to reflect a
new Commencment date of September 27, 1994.
3. Section 1.(c) of the Original Lease shall be amended to reflect a base
rent in the amount of $2,208.00 during months one through twelve; the
remainder of Section 1.(c) is not amended.
4. Section 1.(e) of the Original Lease shall reflect a security deposit
to be held on file in the amount of $2,208.00. Tenant has paid the
amount of $238.80 on Lease execution, and this amount, together with
the sum of $2,011.20 previously on file, resulted in the Landlord's
receipt of $2,250.00. Of this amount $42.00 has been applied as rent.
5. Except as herein amended, the office Lease shall remain in full force
and effect in accordance with its original covenants, conditions and
restrictions. Except as specifically modified herein, each and all of
the provisions of the Office Lease are hereby incorporated by
reference herein and made a part hereof.
IN WITNESS WHEREOF, the parties have made and entered into this First Amendment
Agreement as of the date and year first above written.
"LANDLORD"
XXXXXXXXXXX INVESTMENT & DEVELOPMENT COMPANY,
A California Corporation
By: /s/ Xxxxxx Xxx
-----------------------------
Xxxxxx Xxx, President
"TENANT"
Video Broadcasting Corporation,
A Delaware Corporation
By: /s/ J. Xxxxxx XxXxxxxxx
-----------------------------
J. Xxxxxx XxXxxxxxx
Executive Vice President
Diagram of Suite 1205 on the 12th Floor
consisting of approximately
1,472 Rentable and 1,262
Usable square feet
The exterior demising walls of the Premises and the area between the finished
ceiling of the Premises and the slab of the floor of the Building thereabove
have not been demised hereby, and the use hereof together with the right to
install, maintain, use, repair, and replace pipes, ducts, conduits and wires
leading through, under or above the Premises in locations which will not
materially interfere with Tenant's use of the Premises and serving other parts
of the Building, are hereby excepted and reserved by Landlord.
EXHIBIT "A"
Diagram of Finish Plan
The exterior demising walls of the Premises and the area between the finished
ceiling of the Premises and the slab of the floor of the Building thereabove
have not been demised hereby, and the use hereof together with the right to
install, maintain, use, repair, and replace pipes, ducts, conduits and wires
leading through, under or above the Premises in locations which will not
materially interfere with Tenant's use of the Premises and serving other parts
of the Building, are hereby excepted and reserved by Landlord.
EXHIBIT "A"
