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EXHIBIT 10.7
FIFTH AMENDMENT TO LEASE
THIS AGREEMENT made this 26th day of July, 1996, by and between KGE
Associates LP, a Limited Partnership, hereinafter referred to as "Landlord" and
Telemate Software, a Corporation, hereinafter referred to as "Tenant".
WITNESSETH:
WHEREAS, the parties hereto made and entered into a lease agreement dated
January 28, 1992 and amended June 11, 1993, June 22, 1994, March 30, 1995 and
June 14, 1996, for premises located at 0000 Xxxxxxxxx Xxxx Xxxxx, Xxxxx 000,
Xxxxxxx, Xxxxxxx, being approximately 16,042 square feet of office space.
WHEREAS, the parties wish to modify the Lease Agreement as hereinafter
provided.
NOW, THEREFORE, in consideration of the exchange of valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree that the said Lease shall be amended as follows:
A. TEMPORARY ADDITIONAL SPACE
Tenant is now leasing Suite 138 in Building 4250 which is deemed to be 298
square feet on a month-to-month basis in accordance with the Rent Schedule
below.
B. TERM
The term for the additional temporary space shall begin July 1, 1996 and
continue on a month-to-month basis until such time as either Landlord or
Tenant gives the other party two weeks prior notice of its intent to end this
temporary Lease.
C. BASE RENTAL
The base rental for the space shall be modified according to the schedule
below.
Beginning July 1, 1996, tenant's per square foot rental rate for this
space shall be the same as its current rate for Suite 200. Therefore, if
Tenant is occupying Suite 138 when the rental rate increases for Suite
200, the rate for Suite 138 shall also increase by the same amount per
square foot. As of July 1, 1996, the rate is ($11.21) per square foot.
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D. LANDLORD IMPROVEMENTS
N/A - Leased "as is".
The monthly rental shall be paid under the same terms and conditions as
specified in the Lease Agreement, except as provided herein, dated
January 28, 1992 and amended June 11, 1993, June 22, 1994, March 30, 1995
and June 14, 1996.
All other terms, provisions and covenants of the Lease Agreement dated
January 28, 1992 and amended June 11, 1993, June 22, 1994, March 30, 1995
and June 14, 1996, shall remain in full force and effect.
IN WITNESS WHEREOF, the parties herein have hereto set their hands and
seals, in triplicate, the day and year first above written.
"LANDLORD"
KGE Associates, LP
By: /s/ Xxxx X. Xxxxx
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Vice President -- Finance of Xxxxxxxx Properties,
Inc. as Agent for KGE Associates, LP
Date Executed by Landlord: 7/26/96
"TENANT"
Telemate Software
By: /s/ Xxxxxx X. Xxxxx Xx.
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Its: Controller
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Attest: /s/ Xxxxx X. Xxxx
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Its: Program Manager
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Date Executed by Tenant: June 26, 1996
[(CORPORATE SEAL)]
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