EXHIBIT 10(b)
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SECOND AMENDMENT TO
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LEASE AGREEMENT
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THIS SECOND AMENDMENT TO LEASE AGREEMENT ("Amendment") is made and entered
as of the 28th day of February 2002 by and between ACP OFFICE I, LLC, a Delaware
limited liability ("Landlord") and LEGAL XXXX.XXX, a Florida corporation,
("Tenant").
A. On September 18, 2001, Landlord and Tenant entered into the Office
Lease Agreement ("Original Lease"), which was amended by a First Amendment to
Lease on February 19, 2002.
B. Landlord and Tenant desire to further amend the Lease in accordance
with the provisions of this Amendment (as amended, "Amended Lease").
NOW, THEREFORE, in consideration of $10.00 and other good and valuable
consideration and in consideration of the covenants and agreements set forth
herein, Landlord and Tenant agree to amend the Lease as follows:
1. Recitals; Capitalized Terms. The recitals set forth above are true and
correct. Capitalized terms not defined herein will have the
definitions ascribed to them in the Lease.
2. Premises. Pursuant to the Lease as amended, the Premises currently
consists of Suite 301 consisting of 4,971 rentable square feet
"Existing Premises"). The description of the Premises in the Lease is
modified to provide that the Premises shall be Suite 105, consisting
of 5,858 rentable square feet, as shown on Exhibit "A" attached
hereto.
3. Tenant's Proportionate Share. Pursuant to the Lease as amended, the
Tenant's Proportionate Share for Suite 301 currently constitutes
8.24%. The Tenant's Proportionate Share is modified to provide that
for Suite 105 the Tenant's Proportionate Share shall be 9.73%.
4. Parking Spaces. Pursuant to the Lease as amended, the Tenant currently
has 25 unassigned parking spaces in the Parking Facility. The Parking
Spaces is hereby modified to provide that the Tenant shall have 29
unassigned parking spaces in the Parking Facility.
5. Adjustment of Base Rent. Tenant shall pay the monthly installments of
the Base Rent as same come due through the end of the first Lease
Year, and thereafter the Base Rent shall be increased annually at the
commencement of each successive Lease Year to an amount equal to the
Base Rent in effect during the prior Lease Year plus an amount equal
to the Base Rent multiplied by the Percentage Increase, as follows:
BASE RENT SCHEDULE
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Rent PSF Annual Rent Monthly Rent
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Year 1: $16.50 $ 96,657.00 $ 8,054.75*
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Year 2: $17.16 $100,523.28 $ 8,376.94*
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Year 3: $17.85 $104,565.30 $ 8,713.78*
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Year 4: $18.56 $108,724.48 $ 9,060.37*
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Year 5: $19.30 $113,059.40 $ 9,421.62*
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*plus applicable state sales tax
6. Miscellaneous. Except as expressly modified hereby, the Lease remains
unmodified and in full force and effect.
Witnesses as to Landlord: LANDLORD:
ACP OFFICE I LLC, a Delaware limited
liability company
___________________________________ By: ACP South Florida LLC, a Florida
Print Name Xxxxxx Xxxxxxxx limited liability company, its
operating member
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Print Name: Xxxxx Xxxx By: ACP South Florida Corp., a Florida
corporation, its managing member
By: /s/ XXXX PRIO TOUZET
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Name: Xxxx Prio Touzet
Title: Vice President
Witnesses as to Tenant: TENANT:
XXXXXXXXX.XXX, INC.
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/s/ XXXXX XXXXX
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By: /s/ XXXXX XXXX
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Name: XXXXX XXXX
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Print Name: Xxxxx Xxxxx As its: PRESIDENT
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