EXHIBIT 10.83
FIRST AMENDMENT TO SPACE LEASE
Xxxx-Xxxxxxxxx Building
Forcenergy Inc
This First Amendment to Space Lease, dated this 1st day of May, 1998.
between XXXX XXXXXXXXX PROPERTIES, a general partnership "Landlord" and
FORCENERGY INC, a Delaware corporation, "Tenant" is attached to and made part of
that certain Space Lease dated March 5, 1997, between Landlord and Tenant
concerning premises located in the Xxxx-Xxxxxxxxx Building located at 000 "X"
Xxxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxx consisting of approximately 8,328 square
feet (Spaced Leased).
IT IS HEREBY AGREED that the following sections of the above-referenced
Space Lease shall be amended as follows:
1. SECTION 1.01(a) DESCRIPTION OF SPACE LEASED.
With the execution of this amendment, Tenant desires to expand its
lease space by 3,987 spare feet, as generally depicted on Exhibit "A-1",
attached hereto and by this reference made a part hereof. Upon execution of this
First Amendment Tenant's lease space shall consist of a full floor for a total
of 12,315 rentable square feet as provided for in Section 12.14(a) of the Lease.
2. SECTION 2.02 COMMENCEMENT OF TERM.
The term for the expansion space shall commence June 1, 1998, and shall
run concurrent with the initial lease term through May 31, 2002.
3. SECTION 12.14 RIGHT TO ADJACENT SPACE.
With the execution of this First Amendment, Tenant shall have exercised
its option for adjacent space. This section of the Lease, in its entirety, shall
no longer apply.
4. SECTION 3.01 COVENANT TO PAY RENT.
Tenant covenants to and shall pay to Landlord in care of Xxxx Xxxxxxxxx
Properties, 0000 "X" Xxxxxx, Xxxxxxxxx, Xxxxxx 00000, or at such other place as
Landlord may designate, in advance, on the first day of each calendar month
during the term hereof, monthly rent as follows:
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The monthly rent for the remainder of the initial lease term including
the expansion space shall be as follows:
Lease Term Rate Monthly Rent Annual Rent
---------- ---- ------------ -----------
06/01/98 - 05/31/02 $1.75/sf $21,551.25 $258,615.00
5. SECTION 10.01 CONSTRUCTION OF SPACE LEASED.
As provided for in Section 12.14(a) of the Lease, Landlord shall
provide a Tenant Improvement Allowance in the amount of $63,154.08 for Tenant's
expansion of the lease space. The amount of actual costs incurred by Landlord
shall be supplied to Tenant within sixty (60) days after the build-out occurs.
Tenant shall pay all costs in full which exceed this Tenant Improvement
Allowance within thirty (30) days from date of invoice.
Except as specifically stated above, all the terms, covenants and
conditions of the original Space Lease dated March 5, 1997 for the
Xxxx-Xxxxxxxxx Building shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this First Amendment to
Space Lease on the day and year first above-written.
LANDLORD: XXXX XXXXXXXXX PROPERTIES, a general
partnership
Date: 5/01/98 By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx
Its Authorized Agent
TENANT: FORCENERGY INC, a Delaware corporation
Date: April 15, 1998 By: /s/ Xxxx Xxxxxxxxxxx
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Xxxx Xxxxxxxxxxx
Its President
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