Exhibit 10.31
XXXXXXXX PROPERTIES MANAGEMENT, INC.
STANDARD FORM
AMENDMENT TO LEASE #2
In connection with a lease currently in effect between the parties of
00-X Xxxxxxxx Xxxx, Xxxxxx, Xxxxxxxxxxxxx, executed on February 23, 1998 and
terminating February 28, 2003, and in consideration of the mutual benefits
to be derived herefrom, Xxxxxxxx Properties Management, Inc., LESSOR, and
Wholesale Telecom & Electric Corporation, LESSEE, hereby agree to amend said
lease as follows:
1. Notwithstanding the provisions of Section 5 to the contrary, LESSEE and
not LESSOR shall pay all charges for utilities used on the leased
premises, including electricity, gas, oil, water and sewer, LESSEE shall
pay the utility provider or LESSOR, as applicable, for all such utility
charges as determined by separate meters serving the leased premises
and/or as a proportionate share of the utility charges for the building
if not separately metered. LESSEE shall also pay LESSOR a proportionate
share of any other fees and charges relating in any way to utility use
at the building.
2. The parties acknowledge and agree that a portion of the adjacent suite,
00-X Xxxxxxxx Xxxx shares HVAC with the leased premises. LESSEE shall
pay all charges for electricity and gas for operation of the HVAC
serving said portion.
3. LESSOR, at a total charge to LESSEE of $350.00, to be paid upon LESSEE's
execution of this amendment, shall supply and install a low ambient
package on the HVAC unit serving the leased premises.
4. Xxxxxxx.xxx (a DE corp.) is hereby added as LESSEE in addition to
Wholesale Telecom & Electric Corporation. "LESSEE" as used in the lease,
including any amendment thereto, shall refer to both corporations, and
their responsibility shall be joint and several pursuant to Section 30
of the lease.
All other terms, conditions and covenants of the present lease shall
continue to apply except that adjusted base rent shall be decreased by
$4,787.50 annually, from a total of $30,544.00 to a new annual total of
$25,756.50 or $2,146.37 per month. Annual base rent for purposes of computing
any future escalations thereon shall be $25,756.50. This amendment shall be
effective December 15, 1998 and shall continue through the balance of the
lease and any extensions thereof unless further modified by written
amendment(s).
In Witness Whereof, LESSOR and LESSEE have hereunto set their hands and
common seals this 23rd day of December, 1998.
LESSOR: XXXXXXXX PROPERTIES LESSEE: WHOLESALE TELECOM &
MANAGEMENT, INC. ELECTRIC CORPORATION
By: /s/ Xxxxxxx Xxxxxxxx By: /s/ Xxxxxxx Xxxxx, VP
-------------------------------- ----------------------------
Executive Vice President Xxxxxxx Xxxxx, V.P.
LESSEE: XXXXXXX.XXX
By: /s/ Xxxxxxx Xxxxx, VP
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Xxxxxxx Xxxxx, V.P.
