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EXHIBIT 10.7(g)
SEVENTH AMENDMENT TO LEASE AGREEMENT
DATED MAY 1, 1992, ENTERED INTO BY AND BETWEEN
STATE OF MARYLAND FOR THE USE OF THE BOARD OF TRUSTEES
OF THE STATE RETIREMENT AND PENSION SYSTEM, AS LANDLORD
(SUCCESSOR LANDLORD TO EAST JEFFERSON ASSOCIATES),
AND MANUGISTICS, INC., AS TENANT
THIS SEVENTH AMENDMENT TO LEASE is made this 25th day of April, 1997
by and between STATE OF MARYLAND FOR THE USE OF THE BOARD OF TRUSTEES OF THE
STATE RETIREMENT AND PENSION SYSTEM ("Landlord"), and MANUGISTICS, INC., a
Delaware corporation (the "Tenant").
RECITALS:
R-1. GTE Realty Corporation ("Original Landlord") and Tenant entered
into a Lease Agreement dated May 1, 1992 (the "Lease"), as amended by that
certain First Amendment to Lease Agreement dated July 19, 1993, whereby Tenant
leased from Original Landlord approximately 84,800 square feet of space in the
building situated at 0000 Xxxx Xxxxxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxx, for a
term commencing May 1, 1992 and ending April 30, 2002.
R-2. Pursuant to paragraph 1(a) of Attachment B to the Lease,
effective as of March 1, 1993, the Premises were expanded by adding thereto an
additional 15,702 square feet of space, thereby increasing the size of the
Premises to a total of 100,582 square feet of space.
R-3. Pursuant to that certain Second Amendment to Lease Agreement
dated April 13, 1994, the Premises were expanded by adding thereto an
additional 3,074 square feet of space increasing the total size of the Premises
to 103,656 square feet of space.
R-4 Pursuant to that certain Third Amendment to Lease Agreement dated
May 1, 1994, the Premises were expanded by 2,552 square feet of space
increasing the total size of the Premises to 106,208 square feet of space.
R-5. Pursuant to that certain Fourth Amendment to Lease Agreement
dated February 27, 1995, the Premises were expanded by 2,376 square feet of
space increasing the total size of the Premises to 108,584 square feet of
space.
R-6. Pursuant to a Deed dated May 5, 1995, Landlord purchased the
subject building from East Jefferson Associates (successor Landlord to Original
Landlord) and thereby assumed all right, title and interest as Landlord under
the Lease.
R-7. Pursuant to that certain Fifth Amendment to Lease Agreement dated
September 6, 1996, the Premises were expanded by 2,215 square feet of space
increasing the total size of the Premises to 110,799 square feet of space.
R-8. Pursuant to that certain Sixth Amendment to Lease Agreement dated
October 10, 1996, the Premises were expanded by 5.053 square feet of space
increasing the total size of the Premises to 115,852 square feet of space.
R-9. Landlord and Tenant now desire to amend the Lease to further
expand the Premises by adding thereto an additional 6,580 square feet of space,
which represents the balance of square footage available for lease at the
building.
NOW, THEREFORE, in consideration of the Premises, the sum of Ten Dollars
($10.00) and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Landlord and Tenant do hereby agree as
follows:
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1. Recitals. The Recitals are incorporated herein by this reference.
2. Expansion Space. On May 1, 1997, which is the date on which
the expansion space is being made available to Tenant, the Premises shall be
expanded by adding thereto approximately 6,580 square feet of space as shown on
Exhibit "A-1" attached hereto and made a part hereof ("Seventh Amendment
Expansion Space"), whereupon the Premises shall contain a total of 122,432
square feet of space (subject to the remeasurement provision in Section 7
herein). The term for the Tenant's lease of the Seventh Amendment Expansion
Space shall expire on April 30, 2002, which is the termination date for the
Lease of the balance of the Premises to Tenant, subject to that certain renewal
option contained in the Lease.
3. Annual Base Rent. Annual Base Rent for the Seventh Amendment
Expansion Space shall be One Hundred Eighteen Thousand Four Hundred Forty
Dollars ($118,440.00) (subject to increase pursuant to Paragraph 4(a)(iii) of
the Lease), payable in equal monthly installments of Nine Thousand Eight
Hundred Seventy Dollars ($9,870.00), in advance, commencing on May 1, 1997
(prorated for a partial month) and on the first day of each month thereafter.
4. Tenant's Pro-Rata Share. Paragraph 4(b) of the Lease is hereby
amended to reflect that effective May 1, 1997, Tenant's Pro-Rata Share shall
be One Hundred Percent (100%).
5. As-Is; Improvement Allowance. Tenant, having had ample
opportunity to inspect the Seventh Amendment Expansion Space, hereby accepts
said space in "as-is" condition, without representation or warranty. No
Improvement Allowance (as defined in the Lease) shall be due to Tenant as a
result of its leasing of the Seventh Amendment Expansion Space.
6. Commissions. Landlord shall pay a commission to Xxxxxxx &
Xxxxxxxxx (the "Broker") in consideration of Tenant's lease of the Seventh
Amendment Expansion Space per separate agreement. Other than the Broker, each
party hereto warrants that no brokers have been employed in connection with
Tenant's lease of the Seventh Amendment Expansion Space.
7. Remeasurement. Inasmuch as the lease by Tenant of the Seventh
Amendment Expansion Space results in the Premises being expanded to the entire
rentable square footage of the building, Landlord hereby reserves the right to
remeasure the Premises (as contemplated in Section 1(b) of the Lease utilizing
the D.C. Board of Realtors Standard Form of Measurement) to determine the
actual square footage of the Premises. Notwithstanding the results of any such
remeasurement, in no event shall the square footage of the Premises be less
than 122,432 square feet.
8. Ratification. Except as modified hereinabove, the Lease, as
heretofore amended, shall be and remain in full force and effect in accordance
with its terms and is ratified and accepted by the parties hereto.
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IN WITNESS WHEREOF, Landlord and Tenant have caused this Seventh Amendment
to be executed as of the date first above written.
WITNESS: LANDLORD:
STATE OF MARYLAND FOR THE USE OF THE BOARD
OF TRUSTEES OF THE MARYLAND STATE
RETIREMENT AND PENSION SYSTEM
By: LaSalle Advisors, its authorized agent
By: /s/ XXXXX X. XXXXXXX
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Xxxxx X. Xxxxxxx, Vice President
By: /s/ XXXXX X. XXXXX
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Xxxxx X. Xxxxx, Vice President
TENANT:
MANUGISTICS, INC.
By: /s/ XXXXX X. XXXXXXXX
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Xxxxx X. Xxxxxxxx
General Counsel & Secretary
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