May 12, 1998
Third Amendment to Lease Agreement
Between G.S. Developers and Dataram Corporation
The Lease Agreement dated January 31, 1995,
between G.S. Developers, and the Dataram Corporation, as
amended, is hereby further amended as follows:
The demised premise is hereby expanded to add 00
Xxxxxxxx Xxxx Xxxxxxx, Xxxxxxxxxx Xxxxxx Pennsylvania. The
leased premise now consists of all 25, 27 and 00 Xxxxxxxx
Xxxx.
The lessee shall take possession immediately. The
minimum rental which lessee agrees to pay is $3000.00 per
month for the additional space commencing from day of May
1, 1998 possession to the end of the current lease to
January 31, 2000. The new aggregate monthly minimum rental
shall be $9000.00 for the total space occupied by Dataram.
The additional space is being rented in an "as is"
condition and lessee shall be responsible for securing a
certificate of occupancy and to make such renovations as it
may require. All proposed renovations shall be first
submitted to the landlord for landlord's approval.
Landlord will not unreasonably withhold its consent.
Continued
In exchange for Lessor's permitting the Lessee to
install air conditioning and other equipment on the roof of
the leased premises, to the extent that the Lessee or their
agents cause damage to the roof in the installation of such
equipment and in the maintenance thereof, Lessee will be
responsible for the cost of such repairs and Lessor's
responsibility to maintain the roof is modified
accordingly.
The lessee agrees to install carry pads or similar
product on the roof from the edge of the roof to the
various units that Lessee shall maintain on the roof to
create a walkway to and around the said installation.
The Security Deposit is to be increased to $9000.00.
The option to renew is hereby amended to read as
follows:
G.S. Developers will give Dataram an option for two
more years at a aggregate minimum monthly rental of
$10,000.00. Total $120,000 annual rate from Februaury 1,
2000 to January 31, 2002
G.S. Developers will also give Dataram a second option
for two more years at a $3500.00 per month per each bay 25,
27 & 29 totaling $10,500 per month from February 1, 2002 to
January 31, 2004.
Continued
ALL OTHER TERMS AND CONDITIONS OF THE ORIGINAL Lease,
except as modified by this amendment, shall remain in full
force and effort.
IN WITNESS WHEREOF, the parties have hereunto executed
these presents this 1st day of May 1998.
SEALED AND DELIVERED
IN THE PRESENCE OF:
WITNESS: XXXX XXXXXXXX
_______________
BY: XXXXXXX X. XXXXXX WITNESS: WITNESSED
_______________________ _______________
WITNESS: WITNESSED
________________
BY: XXXXX XXXXXX WITNESS: WITNESSED
______________________ _______________
Xxxxx Xxxxxx
G.S. Developers
