FIFTH AMENDMENT TO AGREEMENT OF LEASE
THIS FIFTH AMENDMENT made this __________ day of __________________, 1997,
by and between MOREHALL ASSOCIATES LIMITED PARTNERSHIP, a Pennsylvania Limited
Partnership (hereinafter called "Landlord") and TANGRAM ENTERPRISE SOLUTIONS
formerly known as RABBIT SOFTWARE CORPORATION a Pennsylvania Corporation
(hereinafter called "Tenant").
BACKGROUND:
A. Landlord and Tenant entered into an Agreement of Lease dated February
17, 1986 as amended by First Amendment to Agreement of Lease dated June 13,
1986, and a Second Amendment to Agreement of Lease dated June 1, 1989, as
amended by Third Amendment to Agreement of Lease dated October 12, 1992, as
amended by Fourth Amendment to Agreement of Lease dated January 28, 1997 (the
"Lease"), covering certain premises at 0 Xxxxx Xxxxxx Xxxxxxx, Xxxxx 000, Xxxxx
Xxxxxx Corporate Center, Xxxxxxx, Xxxxxxxxxxxx 00000, as more fully described in
the Lease (the "Premises").
B. Tenant desires to decrease the square footage, and Landlord has agreed
to such, subject to the provisions of this Amendment.
C. Accordingly, Landlord and Tenant desire to amend the Lease.
NOW, THEREFORE, the parties hereto, in consideration of the mutual promises
and covenants contained herein and in the Lease, and intending to be legally
bound hereby, agree that:
1. Effective March 1, 1997, Article 1 of the Lease entitled "Premises" is
hereby amended by deleting the reference to "7,601 square feet" and inserting
"7,416 square feet". The revised square feet is shown outlined in red on Exhibit
"A".
2. Article 5(a) of the Lease entitled "Minimum Annual Rent" is amended by
deleting the reference to
MONTHLY ANNUAL
03/01/97-02/28/98 $9,501.25 $114,015.00
03/01/98-02/28/99 $9,817.96 $117,815.50
03/01/99-02/28/00 $10,134.67 $121,616.00
and inserting:
MONTHLY ANNUAL
03/01/97-02/28/98 $9,285.42 $111,425.00
03/01/98-02/28/99 $9,598.23 $115,178.75
03/01/99-02/28/00 $9,911.13 $118,933.50
3. Article 5(c) of the Lease entitled Base Operating Cost is hereby amended
by deleting the reference to "Fifty Five Thousand Thirty One and 24/100 Dollars
($55,031.24)" and hereby inserting "Fifty Three Thousand Six Hundred Ninety One
and 84/Dollars ($53,691.84) in its place.
4. Any defined term used in this Amendment shall have the same meaning as
set forth in the Lease unless a contrary intent is expressed herein. Except as
expressly modified by this Amendment, the terms and conditions of the Lease
shall remain unchanged and in full force and effect.
5. The cost of the demising wall and related construction activities as
specified in Article 6 of the Fourth Amendment will be reduced from $9,000 to
$8,000.
IN WITNESS WHEREOF, the parties hereto have executed this Fifth
Amendment as of the day and year first above written.
Witness: LANDLORD:
MOREHALL ASSOCIATES LIMITED PARTNERSHIP
By: Liberty Property Limited Partnership,
Sole General Partner
By: Liberty Property Trust, Sole General
Partner
____________________________ By: ______________________________________
Xxxxxx X. Xxxxx, Senior Vice President
TENANT:
Witness/Attest: TANGRAM ENTERPRISE SOLUTIONS
_______________________________ By: _____________________________________
Xxxxx X. Xxxx, Vice President Finance
