EXHIBIT 10.7
THIRD AMENDMENT
The parties to a Lease dated December 9, 1988 between Wellco Xxxxxx Limited
Partnership, a Massachusetts limited partnership and ADE Corporation, a
Massachusetts corporation hereby agree that all the terms and conditions will
remain the same except for the following:
1. Paragraph 2.2 Term. Present term will be amended and extended to
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June 30, 2002.
2. Paragraph 2.2 Renewal Option. Tenant shall have the right to extend
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the Term of this Lease for one (1) additional period of three (3) years, by
written notice given to the Landlord at least three hundred and sixty (360)
days before the expiration of the Extended Term. Such Term shall be
governed by all the provisions of this Lease, and the Annual Fixed Rent
shall be as set by agreement of the parties but be no less than the rental
for the last year of the Extended Term.
3. Paragraph 2.3(a) Annual Fixed Rent (Net) Will be amended as follows:
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July 1, 1997 to June 30, 1998 $ 354,600
July 1, 1998 to June 30, 1999 364,500
July 1, 1999 to June 30, 2000 387,450
July 1, 2000 to June 30, 2001 410,350
July 1, 2001 to June 30, 2002 456,150
4. Paragraph 2.4 Tenant Improvements. The Tenant will continue to
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occupy the building "as is" except that a new membrane roof will be
installed by Landlord in coordination with certain building improvements to
be done by Tenant.
5. Paragraph 6.8 Assignment and Subletting. The Landlord agrees to add
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to the first sentence of this paragraph which begins on page 8 and
continues on page 9, after the word Landlord, "which consent of Landlord
will not be unreasonably withheld".
Executed as a sealed instrument in two or more counterparts on this
the sixth day of June, 1997.
Wellco Xxxxxx Limited Partnership ADE Corporation
/s/ Xxxxxx X. Xxxxxxxx /s/ Xxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxxx Name & Title: Xxxx X. Xxxxxxx,
Vice President and Chief Financial Officer
