Exhibit 10.1.4
XXXXX CENTER
LEASE OF ADDITIONAL OFFICE SPACE
DATE: January 22, 1997
BETWEEN: ST. XXXX PROPERTIES, INC.
000 Xxxxxx Xxxxxxxx
000 Xxxxxx Xxxxxx Xxxxx
Xxxxxxxxxxx, XX 00000 ("Landlord")
AND: ADVANCED TELECOMMUNICATIONS, INC.
000 Xxxxxx Xxxxxxxx
000 Xxxxxx Xxxxxx Xxxxx
Xxxxxxxxxxx, XX 00000 ("Tenant")
IN RESPECT OF PREMISES IN: Peavey Building, Minneapolis, MN
LANDLORD AND TENANT hereby agree as follows:
1. In this Lease of Additional Space:
(a) "Building" means Peavey Building located in the city of Minneapolis.
(b) "Prime Lease" means the lease between Landlord and Tenant dated
August 14, 1996 covering 3,737 square feet on the fourth floor of
the Building.
(c) "Term" means that period of time commencing February 1, 1997 and
terminating on the same date that the Prime Lease terminates.
(d) "Additional Space" means 468 rentable square feet, plus for
calculation of Rent only, an additional 56 square feet of
unallocated space in the Building, as shown crosshatched on Exhibit
1 hereof.
(e) "Rent" means the amount Tenant shall pay to Landlord as Annual Rent
for the Additional Space as summarized below:
Three Thousand Six Hundred Sixty-Eight Dollars and no/100
($3,668.00) in respect to the period of February 1, 1997 through
September 30, 1998;
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Four Thousand Seven Hundred Sixteen Dollars and no/100 ($4,716.00)
in respect to the period of October 1, 1998 through September 30,
1999;
Six Thousand Two Hundred Eighty-Eight Dollars and no/100
($6,288.00) in respect to the period of October 1, 1999 through
September 30, 2001,
payable in advance and without notice in monthly installments (each
equal to one-twelfth of the Annual Rent) on the Commencement Date
and on the first day of each calendar month thereafter during the
term.
(f) All other words and phrases, unless otherwise defined herein, have
the meanings attributed to them in the Prime Lease.
2. Landlord hereby demises and leases the Additional Space to Tenant, and
Tenant accepts the lease of the Additional Space to have and to hold
during the Term, on the same terms and conditions as are contained in the
Prime Lease except as herein otherwise provided, and expressly excepting
the following:
(a) Rent - Tenant shall pay the Rent to Landlord in advance in equal
monthly payments at the times and in the manner as rental payments
are to be made pursuant to the Prime Lease.
(b) Renewals - This lease shall be subject to the same right to renewal
(if any) as is contained in the Prime Lease, and any renewal of the
Prime Lease in accordance therewith shall be deemed to be a renewal
of this Lease upon the same terms and conditions as are applicable
to such renewal of the Prime Lease.
(c) Condition of Additional Space - Tenant shall be deemed to have
examined and accepted the Additional Space in the condition as of
the date hereof, and no tenant or other allowance shall be paid by
Landlord to Tenant in respect of the Additional Space.
(d) Default - Any default by Tenant under the Prime Lease shall be
deemed to be a default hereunder, and any default hereunder shall be
deemed to be a default under the Prime Lease.
(e) Termination - If the Prime Lease terminates for any reason
whatsoever, this Lease shall terminate on the same date.
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(f) Occupancy Costs - Tenant shall pay as additional rent Occupancy
Costs in respect of the Additional Space at the times and in the
manner as payments of Occupancy Costs are to be made pursuant to the
Prime Lease.
Except as specifically provided herein, the terms and conditions of the Prime
Lease are confirmed and continued in full force and effect.
This Lease shall be binding on the heirs, administrators, successors and assigns
(as the case may be) of the parties hereto.
IN WITNESS OF THIS LEASE Landlord and Tenant have properly executed it as of the
date set out on page one.
LANDLORD: TENANT:
ST. XXXX PROPERTIES, INC. ADVANCED TELECOMMUNICATIONS, INC.
By: /s/ R. Xxxxxxx Xxxxxxx By: /s/ Xxxxxxx X. Xxxxxxx
-------------------------------- -------------------------------
R. Xxxxxxx Xxxxxxx
Vice President Asset Management Its: Treasurer
3-3-97 Xxxxxxx X. Xxxxxxx
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Date Executed Please Type Signature
2/18/97
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Date Executed
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Witness to the signature of Tenant
if not incorporated.
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EXHIBIT 1
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