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Exhibit 10.15B
SECOND AMENDMENT TO LEASE
This Second Amendment To Lease ("Amendment") is made and entered into
this 20th day of March, 1999, by and between G & W Investments, a xxxx xxxxx
formed under the laws of Japan (hereinafter called "Landlord"), and Timeline,
Inc., (hereinafter called "Tenant").
RECITALS
A. Landlord and Tenant have entered into that certain Lease
dated September 8, 1995 as amended June 27, 1996 by Amendment of
Lease Commencement Date, (the "Lease") with respect to the
leasing of 17,025 net rentable square feet of space known as
Suite 106, 107, and 109 (the "Premises") in the building located
at 0000 000xx XX, Xxxxxxxx, Xxxxxxxxxx ("Building"). Any
capitalized terms used herein and not otherwise defined shall
have the same meaning as in the Lease.
B. Landlord and Tenant now desire to enter into this
Amendment to amend the Lease in order to reduce the size of the
Premises pursuant to the terms provided herein.
NOW THEREFORE, in consideration of the mutual covenants and agreements
contained in the Lease and in this Amendment and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
Landlord and Tenant hereby further covenant and agree as follows:
AGREEMENT
1. Effective March 31, 1999, ("Effective Date"), the
following sections of the Lease shall be amended as provided
below:
a. Premises. Section I.E. of the Lease shall be
amended to change the definition of the Premises to
include the reduction of 2,491 net rentable square feet
effective March 31, 1999 and the reduction of 2,180 net
rentable square feet effective April 30, 1999 shown as
"Reduction Space" on the floor plan attached hereto as
Exhibit A and incorporated herein so that on March
31,1999, the Premises shall consist of a total of 14,534
net rentable square feet and on April 30, 1999 the
Premises shall consist of a total of 12,354 net rentable
square feet.
b. Tenant's Proportionate Share. Section I. P. of
the Lease shall be amended to change the pro-rated share
so that on March 31, 1999, the Proportionate Share shall
decrease from 41% to 34.66% and on April 30, 1999, from
34.66% to 29.5%.
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c. Parking. Section I. Q. of the lease shall be
amended to change the number of parking spaces allocated
to the premises so that on the March 31, 1999, the total
number of parking spaces shall decrease from 62 to 53
located in such areas of the Project as Landlord
determines and divided as follows: Thirteen 13 covered and
forty one 41 non-covered or surface. On April 30, 1999,
the total number of parking spaces shall decrease from 53
to 45, eleven (11) covered and thirty-four (34)
non-covered or surface.
c. Monthly Rental. Section IV.A. and the Rental
Schedule contained in Exhibit D of the Lease shall be
amended to change the Monthly Rental payable under the
Lease to that specified in the following schedule:
The total Monthly Rental for the entire term is
equal to $505,423.75 and shall be payable monthly in
accordance with the provisions of the Lease in
installments as set forth below:
Months RSF Monthly Rental Annual Rent Rate
------ --- -------------- ----------------
April 1, 1999 14,534 $23,617.75 $19.50/RSF
April 30, 1999
May 1, 1999- 12,354 $20,075.25 $19.50/RSF
April 30, 2001
2. Ratification. Except as hereby amended, all terms and
conditions of the Lease shall remain unchanged and Landlord and
Tenant hereby acknowledge and confirm that the same are in full
force and effect.
3. Entire Agreement. This Amendment embodies the entire
understanding between Landlord and Tenant with respect to the
subject matter hereof and can be changed only by an instrument in
writing executed by both Landlord and Tenant.
4. Conflict of Terms. In the event that there is any
conflict or inconsistency between the terms and conditions of the
Lease and those of this Amendment, the terms and conditions of
this Amendment shall control and govern the rights and
obligations of the parties.
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IN WITNESS WHEREOF, Landlord and Tenant caused this agreement to be duly
executed effective the day and year first above written.
"TENANT" "LANDLORD"
Timeline, Inc., a Washington corporation. G & W Investments, a xxxx xxxxx
formed under the laws of Japan
By: /s/ Xxxxxxx X. Xxxxxxxxx By: MONY Realty Partners, Inc.
------------------------------------ Its Agent
Its: President By: /s/ Xxxx Xxxxxx
------------------------------------ ------------------------
Xxxx X. Xxxxxx
Vice President
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EXHIBIT A
Blue print of first floor of Building with Reduction Space outlined in
yellow ink.
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