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EXHIBIT 10.21
FIRST AMENDMENT TO THE LEASE
between
REGENT HOLDING CORPORATION,
a Florida corporation
and
Xxxxxx Technologies, Inc.
a Florida Corporation
for premises located at
000 Xxxxx Xxxxx Xxxx
Xxxxx 000
Xxxx Xxxxx, Xxxxxxx 00000
Submission of this First Amendment for examination does not constitute an offer
to amend the lease, and this First Amendment shall become effective only upon
execution and delivery hereof by Landlord to Tenant
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FIRST AMENDMENT TO LEASE AGREEMENT
BETWEEN REGENT HOLDING CORPORATION,
A FLORIDA CORPORATION ("LANDLORD") AND
XXXXXX TECHNOLOGIES, INC.,
A FLORIDA CORPORATION ("TENANT"),
FOR PREMISES LOCATED AT
000 XXXXX XXXXX XXXX, XXXXX 000, XXXX XXXXX, XXXXXXX 00000
THIS FIRST AMENDMENT TO LEASE IS MADE THIS 2ND DAY OF DECEMBER, 1998 IS MADE
BETWEEN REGENT HOLDING CORPORATION, A FLORIDA CORPORATION ("LANDLORD"), AND
XXXXXX TECHNOLOGIES, INC., A FLORIDA CORPORATION ("TENANT").
BACKGROUND
A. By (the Lease agreement dated August 27, 1998, Landlord leased to
Tenant a portion of space in the building known as Congress Corporate
Plaza, Building Four located at 000 Xxxxx Xxxxx Xxxx, Xxxxx 000, Xxxx
Xxxxx, Xxxxxxx comprising approximately 4,896 rentable square feet (the
"Premises").
B. At this time, Landlord and Tenant wish to extend the Lease and modify
the Base Rent.
WITNESSETH
In consideration of the mutual promises of the parties and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties intending to be legally bound, hereby agree as
follows:
1. LEASE TERM: The lease shall be extended for a period of Nine (9) months
from the date of current lease expiration for the period September 1,
1999 through and including May 31, 2000 (the "Extended Term").
2. BASE RENT: Tenant agrees to pay Base Rent during the Extended Term
according to the following schedule:
MONTH OF MONTHLY ANNUAL
EXTENDED TERM BASE RENT BASE RENT
------------- --------- ---------
Months 1-9 $4,031.04 $48,372.48
3. LANDLORD'S LIEN PROTECTION: Neither Tenant nor anyone claiming by,
through or under Tenant, including, without limitation, contractors,
subcontractors, materialmen, mechanics and laborers, shall have any
right to file or place mechanic's, materialmen's or other liens of any
kind whatsoever upon the demised premises or upon the track of land
described on Exhibit A, or any portion thereof; on the contrary, any
such liens are specifically prohibited and shall be null and void and
of no further force or effect. Tenant has no power to subject
Landlord's interest in the demised premises to any claim or lien of
any kind or character and any persons dealing with Tenant must look
solely to the credit of the Tenant for payment.
4. OPERATING COSTS: Tenant agrees to continue paying its proportionate
share of Operating Costs as defined in the Lease, subject to adjustment
as defined in the Lease.
5. Except as described herein, the Lease has not been amended in any way.
Landlord: /s/ [ILLEGIBLE] Tenant: /s/ [ILLEGIBLE]
--------------- ---------------
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FIRST AMENDMENT TO LEASE AGREEMENT
BETWEEN REGENT HOLDING CORPORATION,
A FLORIDA CORPORATION ("LANDLORD") AND
XXXXXX TECHNOLOGIES, INC.,
A FLORIDA CORPORATION ("TENANT"),
FOR PREMISES LOCATED AT
000 XXXXX XXXXX XXXX, XXXXX 000, XXXX XXXXX, XXXXXXX 00000
(continued)
The parties intending to be bound hereby execute or cause this First Amendment
to be executed this 2nd day of December, 1998.
WITNESSES: LANDLORD:
/s/[ILLEGIBLE] REGENT HOLDING CORPORATION,
----------------------------- a Florida Corporation
/s/[ILLEGIBLE] By: /s/[ILLEGIBLE]
----------------------------- ---------------------------------
Title: Vice President
------------------------------
TENANT:
/s/[ILLEGIBLE] XXXXXX TECHNOLOGIES, INC.,
----------------------------- a Florida Corporation
/s/[ILLEGIBLE] By: /s/ X. X. Xxxxxx
----------------------------- ---------------------------------
Title: Vice President of Finance and
------------------------------
Chief Financial Xxxxxxx
0
XXX Xxxxx XX, Xxxxxxxx 0
EXHIBIT A
LEGAL DESCRIPTION
Approximately 4,896 rentable square feet of office and/or warehouse space
located in a building containing approximately 53,022 square feet situated on a
portion of approximately 9.49 acres on a parcel of land lying in Xxxxxxx 0,
Xxxxxxxx 00 Xxxxx, Xxxxx 43 East and being more particularly described as 000
Xxxxx Xxxxx Xxxx, Xxxxx 000, Xxxx Xxxxx, Xxxxxxx. Further described as Congress
Corporate Plaza, Phase II situated within a development known as Congress
Corporate Plaza containing of approximately 106,044 square feet.
