EXHIBIT 10.DD
MODIFICATION OF LEASE
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MODIFICATION OF LEASE is made this 1 day of October, 1999 by and between
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DMB DURHAM 1, LLC, a Delaware limited liability company, acting through its
managing agent Brookhill Management Corp., having an office at 000 Xxxxxxx
Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 ("Lessor") and COMPUCOM SYSTEMS, INC., a
Delaware corporation ("Lessee"), whose address is 0000 Xxxxxx Xxxx, Xxxxxx,
Xxxxx 00000.
W I T N E S S E T H:
Lessor and Lessee have entered into a lease ("Lease") dated February 11,
1999, pursuant to which Lessor leased to Lessee approximately 96,922 square
feet, at, 0000 Xxxx Xxxxx in the City of Durham, County of Durham, State of
North Carolina ("Original Premises").
NOW, THEREFORE, in consideration of the mutual covenants herein and in the
Lease contained, it is hereby agreed that the Lease is hereby modified and
extended as follows:
1. Demised Premises. Lease is amended to reflect the actual original
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square footage of 96,922 square feet ("Original Premises"). The Demised Premises
under the Lease are hereby expanded to include as of September 19, 1999 an
additional portion of the Property consisting of a gross floor area of
approximately 71,373 square feet. The Expansion Space together with the Original
Premises shall constitute the Demised Premises for the purposes of this lease.
The Demised Premises shall now constitute 168,295 square feet (the "Expansion
Space").
2. Annual Rental. Section 3.1 of the Lease is hereby amended so that the
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Lessee shall pay Minimum Base Rent in accordance with Schedule A attached
hereto.
3. Initial Occupancy. Lessee acknowledges that Lessee has commenced
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occupancy of the Expansion Space on or before September 19, 1999.
4. Lessor's Work. Lessor shall, at it's own cost and expense, repair
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the roof of the Demised Premises. Further, Lessor shall expand the truck/apron
court and install three (3) dock doors, including lights, pads and levelers, at
a location to be determined by Lessor.
5. Refurbishment Allowance - Section 2 (c) of the Rider to Lease is
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hereby deleted in its entirety and replaced with the following:
Refurbishment Allowance - Upon the effective date of any such Option
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Term, Lessor shall pay to Lessee a Refurbishment Allowance of
$95,000.00 at the same time and in the same manner as the Lessee
Improvement Allowance described below.
6. Lessee's Improvement Allowance. Section 4. Lessee's Improvement
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Allowance is hereby modified to be read in accordance with the following:
"In connection with the Expansion Space, Lessor shall pay to Lessee
or as designated in writing by Lessee a Lessee Improvement Allowance
of Eighty One Thousand and No/100 Dollars ($81,000.00)".
7. Design Allowance. Lessor shall provide Lessee with a Design
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Allowance of $5,000.00 to be used for the preparation of the architectural,
mechanical and plumbing drawings required to construct the Lessee's
Improvements, including stamped and sealed construction drawings by a licensed
architect and all municipal approvals and permits. This Allowance is in addition
to Lessee's Improvement Allowance and shall be due and payable at the same time
and in the same manner as Lessee's Improvement Allowance is due and payable.
8. Lease Binding. Except as herein expressly modified, all other terms,
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covenants and conditions of a Lease and Lease Extension Agreement shall remain
in full force and effect.
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IN WITNESS WHEREOF, the parties hereto have executed this Modification of
Lease the date and year first written above.
SIGNED, SEALED, AND DELIVERED
IN THE PRESENCE OF
LESSOR: DMB DURHAM 1, LLC
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a Delaware limited liability company,
BY BROOKHILL MANAGEMENT CORPORATION
Its Managing Agent
/s/ Xxxxxx X. Xxxxxx
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Witness to Lessor By: Xxxxxx X. Xxxxxx
Its: President
LESSEE: COMPUCOM SYSTEMS, INC.
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a Delaware Corporation
/s/ Xxxxxx X. Xxxxxxxxxxx /s/ Xxxxxx Xxxxxx, Treasurer
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Witness to Lessee By:
Its:
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Schedule A
DMB - Durham 1
Period and Monthly Rent
For Compucom Systems
Month Monthly Rent Period Rent Month Monthly Rent Period Rent
----- ------------ ----------- ----- ------------ -----------
Period 9/19/99 - 3/14/00: Period 3/15/02 - 3/14/03:
Sep-99 $17,980.60 Mar-02 $34,686.92
Oct-99 44,951.49 Apr-02 63,252.62
Nov-99 44,951.49 May-02 63,252.62
Dec-99 44,951.49 Jun-02 63,252.62
Jan-00 44,951.49 Jul-02 63,252.62
Feb-00 44,951.49 Aug-02 63,252.62
Mar-00 20,300.67 $263,038.72 Sep-02 63,252.62
-------- ----------- Oct-02 63,252.62
Nov-02 63,252.62
Period 3/15/00 - 3/31/00: Dec-02 63,252.62
Mar-00 $25,143.82 $25,143.82 Jan-03 63,252.62
---------- ---------- Feb-03 63,252.62
Mar-03 28,565.70 $759,031.44
Period 4/01/00 - 3/14/01: --------- -----------
Apr-00 $60,796.47
May-00 60,796.47
Jun-00 60,796.47 Period 3/15/03 - 3/14/04
Jul-00 60,796.47 Mar-03 $35,380.64
Aug-00 60,796.47 Apr-03 64,517.63
Sep-00 60,796.47 May-03 64,517.63
Oct-00 60,796.47 Jun-03 64,517.63
Nov-00 60,796.47 Jul-03 64,517.63
Dec-00 60,796.47 Aug-03 64,517.63
Jan-01 60,796.47 Sep-03 64,517.63
Feb-01 60,796.47 Oct-03 64,517.63
Mar-0l 27,456.47 $696,217.64 Nov-03 64,517.63
---------- ----------- Dec-03 64,517.63
Jan-04 64,517.63
Period 3/15/01 - 3/14/02: Feb-04 64,517.63
Mar-01 $34,006.79 Mar-04 29,136.99 $774,211.56
Apr-01 62,012.39 --------- -----------
May-01 62,012.39
Jun-01 62,012.39
Jul-01 62,012.39
Aug-01 62,012.39
Sep-01 62,012.39
Oct-01 62,012.39
Nov-01 62,012.39
Dec-01 62,012.39
Jan-02 62,012.39
Feb-02 62,012.39
Mar-02 28,005.60 $744,148.68
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