EXHIBIT 10.46
LEASE AGREEMENT
This Lease made as of the 1ST day of August 1996, between UES,
Incorporated, 0000 Xxxxxx-Xxxxx Xxxx, Xxxxxx, Xxxx 00000-0000 (hereinafter
called the Lessor), and Signal Technology Laboratories, Inc. (hereinafter called
the Lessee).
WITNESSETH: That the Lessor does hereby demise and let unto the Lessee
the following described Premises, to wit:
Approximately 5,500 square feet making up 20 offices in Lessor's
Building 3 located at 0000 Xxxxxx-Xxxxx Xxxx, Xxxxxx, Xxxx 00000. Additional
office space in the same building may be added during the term of the lease as
described in Paragraph 3(b).
TO HAVE AND TO HOLD the same with the appurtenances, thereunto belonging
unto the said Lessee for and during the term of three (3) years beginning on the
1st day of August 1996 and ending on the 31st day of July 1999.
BASE MONTHLY RENT: Yielding and paying therefore, payable in monthly
installments, as follows:
two payments of four thousand ($4,000) beginning on 1 August 1996
and 34 payments of five thousand five hundred ($5,500) month
starting on 1 October 1996 through 1 July 1999.
*Note: The 1 October 1996 date is a target date for completion of
changes and occupancy of new space. The rental increase from $4,000 to
$5,500 will take effect when lessee takes occupancy of the modified
offices.
LEASEHOLD IMPROVEMENTS AND RENT CREDIT:
The Lessee may make modifications to the leased space at its own
expense with approval of the lessor. The lessee will receive a rent credit of
$1,500 per month up to $15,000 (10 months) starting in October 1996 for the cost
of the modifications.
THREE YEAR OPTION:
The lessee, upon 60 day written notice prior to the expiration of
this lease, may extend the lease for an additional three year period. The
lessor, at its option, may increase the rental cost up to a maximum of 3% per
year for the three additional years.
SECURITY DEPOSIT: No security deposit is required under this lease.
COVENANTS OF LESSEE:
1. And said Lessee does hereby covenant and agree with said Lessor that
it will:
(a) pay said rent at the times and place in the manner aforesaid;
(b) arrange for Lessee employees to have proper DoD security
clearances in conformance with UES facility security procedures.
All security activities will be coordinated through the UES
Security Officer. All Lessee visitors in Building 3 will be
subject to UES visitor control;
(c) conform to entry and exit procedures established by UES and their
building security contractor;
(d) use and occupy said premises in a careful and proper manner;
(e) make no alterations, changes in interior design and colors, or
additions in or to said premises;
(f) by execution of this Lease accept and agree to abide by the
building and parking area rules and regulations;
(g) throughout the term of this lease and any renewal or extension
thereof, at its expense, keep the interior of the demised
premises and fixtures in good condition. Lessor, at its sole
discretion, shall repair all damage or injury to the premises and
fixtures resulting from the carelessness, omission, neglect or
other cause of Lessee, its servants, employees, agents, visitors
or licenses and the cost thereof shall become collectible as
additional rent hereunder and shall be paid by Lessee within the
10 days after presentation of statement thereof. Lessee shall not
perform acts or carry on any practices which may injure the
building or the premises, or be a nuisance or menace to other
tenants in the building in which the demised premises are a part;
(h) promptly surrender the demised premises at the end of the term
provided for above; and
COVENANTS OF LESSOR:
2. And the Lessor on its part covenants and agrees with the Lessee that
it will:
(a) provide all utilities including heat, light, and electrical power
for use by the Lessee (telephone equipment and service will not
be provided by Lessor);
(b) provide janitorial and waste removal services in the Lessee's
offices;
(c) maintain the demised premises in good repair and tenantable
condition during the continuance of this Lease, expect in case of
damage arising from the negligence of the Lessee or its agents or
employees;
(d) provide fire and hazard insurance for the leased offices (but not
including any furniture, equipment, or other property of the
lessee) and provide liability coverage for the leased office
space and premises, the lessee employees and invited guests
against injury or loss caused by hazard or lessor neglect arising
out of occupancy of the leased facility;
(e) provide use of rest rooms, vending machines, lobby, and
conference areas on a non-interference basis with scheduled UES
activities (in the case of conflicts in scheduling conference
facilities, UES requirements will have priority but alternate
facilities will be provided);
(f) provide one unassigned parking space in the rear of Building 3
for each 200 square feet of leased space and Lessee visitor
parking as available;
(g) provide receptionist and visitor control services in the main
Building 3 lobby;
MUTUAL COVENANTS
3. It is mutually agreed by and between the Lessor and the Lessee that:
(a) if Lessee shall pay the rent as herein provided, and shall keep,
observe and perform all of the other covenants of this Lease by
it to be kept, performed and observed, the Lessee shall and may,
peaceably and quietly, have, hold and enjoy the said premises for
the term aforesaid;
(b) upon sixty (60) day written notice from the Lessee, the Lessor
will provide up to 2,000 sq ft in Building 3 which will include
office numbers 142, 145, 153, 154, 156, 157, 158, 159 and 160 at
an additional cost of $1.20 per sq ft per month.
(c) if requested additional rental space cannot be provided by the
Lessor within the required notice period, the Lessee may
terminate this lease 90 days from the date of notice without
penalty;
(d) any notice, demand, request, or other instrument which may be or
are required to be given under this Lease shall be delivered in
Person or sent by United States Certified Mail, postage prepaid,
and shall be addressed (1) if to the Lessor, at the address first
hereinabove given or at such other address as the Lessor may
designate by written notice, and (2) if to the Lessee, attention:
Engineering Development Labs, Inc.
ATTN: Xxxxxx X. Xxxxxxxx
0000 Xxxxxx-Xxxxx Xx
Xxxxxx, XX 00000
or any such other address as the Lessee shall designate by
written notice;
(e) this lease supersedes any previous lease between the two parties
and all obligations of either party under any previous lease are
hereby canceled.
LESSOR: LESSEE:
UES, INC. SIGNAL TECHNOLOGY
LABORATORIES, INC.
------------------------ -----------------------
/s/Xxxx X. Xxxxxxxxx /s/Xxxxxx X. Xxxxxxxx
Xxxx X. Xxxxxxxxx Xxxxxx X. Xxxxxxxx
Vice President, Finance Secty/Treasurer
ADDENDUM TO LEASE AGREEMENT
1 October 1997
This agreement serves as an addendum to the 1 August 1996 lease agreement
between UES, INC., 0000 Xxxxxx-Xxxxx Xxxx, Xxxxxx, XX 00000-0000 (hereinafter
called the Lessor), and Signal Technology Laboratories, Inc. (hereinafter called
the Lessee) is amended herewith.
WITNESSETH: That the Lessee desires to add one additional office, Xxxx 000,
located in Building #3. This additional office will be at a cost of $150.00 per
month commencing with the November 1997 payment. The new monthly rate will be
$6220.00.
LESSOR: LESSEE:
UES, INC. SIGNAL TECHNOLOGY
LABORATORIES, INC.
---------------------------- ---------------------------
/s/Xxxx X. Xxxxxxxxx /s/Xxxxxx X. Xxxxxxxx
Xxxx X. Xxxxxxxxx Xxxxxx X. Xxxxxxxx
Vice President, Finance Executive Vice President
ADDENDUM TO LEASE AGREEMENT
1 October 1997
This agreement serves as an addendum to the 1 August 1996 lease agreement
between UES, INC., 0000 Xxxxxx-Xxxxx Xxxx, Xxxxxx, XX 00000-0000 (hereinafter
called the Lessor), and Signal Technology Laboratories, Inc. (hereinafter called
the Lessee) is amended herewith.
WITNESSETH: That the Lessee desires to add two additional offices, Room 156 and
158, located in Building #3. This additional offices will be at a cost of
$300.00 per month commencing with the October 1997 payment. Along with this
increase in office space, an additional charge for air conditioning room 120 in
the amount of $120.00 per month will begin in October 1997. The new monthly rate
will be $6070.00.
LESSOR: LESSEE:
UES, INC. SIGNAL TECHNOLOGY
LABORATORIES, INC.
--------------------------- ----------------------------
/s/Xxxx X. Xxxxxxxxx /s/Xxxxxx X. Xxxxxxxx
Xxxx X. Xxxxxxxxx Xxxxxx X. Xxxxxxxx
Vice President, Finance Executive Vice President
ADDENDUM TO LEASE AGREEMENT
1 July 1997
This agreement serves as an addendum to the 1 August 1996 lease agreement
between UES, INC., 0000 Xxxxxx-Xxxxx Xxxx, Xxxxxx, XX 00000-0000 (hereinafter
called the Lessor), and Signal Technology Laboratories, Inc. (hereinafter called
the Lessee) is amended herewith.
WITNESSETH: That the Lessee desires to add one additional office, Xxxx 000,
located in Building #3. This additional office space will be at a cost of
$150.00 per month commencing with the July 1997 payment. The new monthly rate
will be $5650.00.
LESSOR: LESSEE:
UES, INC. SIGNAL TECHNOLOGY
LABORATORIES, INC.
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/s/Xxxx X. Xxxxxxxxx /s/Xxxxxx X. Xxxxxxxx
Xxxx X. Xxxxxxxxx Xxxxxx X. Xxxxxxxx
Vice President, Finance Executive Vice President
