Contract
Exhibit 10.24
THE FIRST AMENDMENT TO LEASE AGREEMENT, made and entered into this 12th day of December, 2007, by and between Zanker Investment Group, LLC (hereinafter referred to as “Landlord”), and Apache Design Solutions, Inc. (hereinafter referred to as “Tenant”).
WITNESSETH
WHEREAS, the parties hereto entered into a certain Lease Agreement dated August 13, 2007 providing for the Lease by Landlord to Tenant of certain Leased Premises known as 0000 Xxxxxx Xxxx, Xxx Xxxx, Xxxxxxxxxx, which Leased Premises are more particularly described in said Lease; and
WHEREAS, the parties hereto desire to amend the said Lease in certain respects,
NOW, THEREFORE, for and in consideration of the mutual promises herein contained, the parties hereto agree that said Lease shall be and the same is hereby amended as follows:
1. | Square Footage Correction: Tenant’s leased premises on the second floor at 0000 Xxxxxx Xxxx contain approximately 26,219± rentable square feet and not the previously stated 25,508 square feet. Tenant’s rent schedule will not be altered in any way as a result of this square footage correction. |
2. | Tenant’s Percentage: Tenant’s new Percentage of the Expense Increases is 50.60±%, which is the ratio that the rentable square footage of the Premises bears to the rentable square footage of the Building. Tenant will pay any utility costs in excess of $.25 psf per month provided that the occupancy for the building is adjusted to at least 95%. |
The said Lease shall remain in full force and effect as therein stated, except as herein modified and amended.
IN WITNESS THEREOF, this First Amendment to Lease Agreement is executed the day and year first above written.
TENANT: | LANDLORD: | |||||||
Apache Design Solutions, Inc. a Delaware Corporation |
Zanker Investment Group, LLC | |||||||
By | /s/ Xxxxxx Xxxx |
By | /s/ Xxxxx Xxxxxx | |||||
Print Name: Xxxxxx Xxxx | Print Name: Xxxxx Xxxxxx | |||||||
Print Title: CEO | Print Title: Member | |||||||
Date: | 1/4/2008 |
Date: | 1/11/2008 | |||||
By | /s/ Xxxxx Xxxxx | |||||||
Print Name: Xxxxx Xxxxx | ||||||||
Print Title: Member | ||||||||
Date: | 2/11/2008 |