Exhibit 10.25
AMENDMENT TO LEASE
THIS AGREEMENT OF LEASE (this "Lease") made as of the 24th day of
March, 2003, by and between XXXXXXX X. XXXXXX, TRUSTEE, AND XXXX XXXXX,
individuals, with an office address c/o M&M Realty, Commerce Park, X.X. Xxx
000,0 Xxxxxxx Xxxxx, Xxxxxxx, Xxxxxxxxxxx 00000 (together, the "LESSOR") and
ADVANCED TECHNOLOGY MATERIALS, INC., a corporation organized and existing under
the laws of the State of Delaware with an office address at 0 Xxxxxxxx Xxxxx,
Xxxxxxx, Xxxxxxxxxxx 00000 (the "LESSEE").
RECITALS:
By Lease Agreement dated November 22nd, 2000 (the "LEASE"), the
Landlord leased to Tenant approximately 31,300 square feet in the building
commonly known as 0 Xxxxxxxx Xxxxx, Xxxxxxx, Xxxxxxxxxxx, which Premises are
described in the Lease as the "Premises". Under the Lease, the Tenant was
granted an Initial Term ending June 30, 2006, together with Renewal Terms as set
forth therein. Tenant has requested a two (2) year extension to the Initial Term
so that it expires June 30, 2008 and Landlord has agreed to grant the extension.
All capitalized terms not defined herein shall have the meaning set forth in the
Lease.
NOW, THEREFORE, in consideration of the Premises, the parties hereto
agree as follows:
1. Term. The Premises shall be leased to Tenant for an Initial Term
ending June 30, 2008, which Landlord and Tenant stipulate and agree is the date
the Initial Term of the Lease ends unless the term is extended pursuant to
Section 23 of the Lease. The Tenant's options to renew pursuant to Section 23 of
the Lease shall remain in full force and effect without change notwithstanding
the extension of the Initial Term set forth herein.
2. Fixed Rent. Section 5.1 of the Lease is amended to provide that
during the portion of the Initial Term (as extended by this Agreement)
commencing July 1, 2006 and ending June 30, 2008, the Fixed Rent will be reduced
to $202,278.45 per annum payable in equal monthly installments of $16,856.54.
Section 5.2 is hereby amended to change the date references from July 1, 2006 to
July 1, 2008 and to provide that the Fixed Rent during the first Renewal Term
commencing July 1, 2008 shall be $211,275.00 per annum payable in equal monthly
installments of $17,606.25. Section 5.3 is hereby amended to change the date
references from July 1, 2011 to July 1, 2013.
3. No Other Amendments. Except as set forth herein, the Lease
remains in full force and effect and otherwise unamended.
IN WITNESS WHEREOF, the Landlord and Tenant have executed and
delivered this Amendment to Lease of the day near first above written.
Signed, sealed and delivered
in the presence of: LESSOR:
By: XXXXXXX X. XXXXXX, TRUSTEE
__________________________ --------------------------------
By: XXXX XXXXX
__________________________ --------------------------------
LESSEE:
ADVANCED TECHNOLOGY MATERIALS, INC.
By: XXXXXX X. XXXXXXX
Its Vice President and Chief Financial Officer
