CLIENT WORK - Manchester/008188/107677/M3487853.1} ASSIGNMENT AND ASSUMPTION OF LEASE THIS ASSIGNMENT AND ASSUMPTION OF LEASE (this “Assignment”) is dated this 21st day of April, 2017, by and among INSTRUMENT ASSOCIATES, LLC, a New Hampshire limited...
{CLIENT WORK - Manchester/008188/107677/M3487853.1}
ASSIGNMENT AND ASSUMPTION OF LEASE
THIS ASSIGNMENT AND ASSUMPTION OF LEASE (this “Assignment”) is dated
this 21st day of April, 2017, by and among INSTRUMENT ASSOCIATES, LLC, a New
Hampshire limited liability company, d/b/a Nutfield Technology, with an address of Xxx Xxxx
Xxxxxx, Xxxxxx, Xxx Xxxxxxxxx 00000 (the “Assignor”) and FARO TECHNOLOGIES INC.,
a Florida corporation, with an address of 000 Xxxxxxxxxx Xxxx, Xxxx Xxxx, XX 00000 Attn:
General Counsel (the “Assignee”).
RECITALS:
A. Pursuant to a Lease, dated in June 18, 2014, by and between CENTURY PARK,
L.L.C., (“Landlord”) and Assignor, Landlord leased to Assignor a portion of the property
located at One Wall Street, Hudson, Hillsborough County, New Hampshire (as more particularly
described as the “Leased Premises” in the Lease). A true, correct and complete copy of the
Lease is attached hereto as Exhibit A (the “Lease”).
B. Assignor has agreed to assign, and Landlord has consented, to Assignee all of
Assignor's rights and obligations as tenant under the Lease to Assignee, and Assignee has
agreed to assume all such rights and obligations as of the date set forth below.
NOW, THEREFORE, for and in consideration of the foregoing, and for other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follows:
Section 1. Assignment and Transfer. Assignor hereby assigns and transfers to Assignee all of
Assignor's right, title and interest in and to the Lease as Tenant effective as of 11:59 pm on
the date hereof, including but not limited to the credit to the Assignee for all security deposits
held by the Landlord, in a non-interest bearing account in the amount of $11,956.
Section 2. Assignee Acceptance. Assignee hereby accepts the foregoing Assignment and
transfer of the Lease upon the terms and conditions herein contained.
Section 3. Assignor’s Indemnity. Assignor hereby indemnifies and holds harmless Assignee
from and against any and all claims, losses, liabilities, obligations, damages, costs and
expenses (including reasonable attorneys' fees and costs) arising or accruing under the Lease
with respect to periods, events or circumstances occurring on or prior to 11:59 p.m. on the
date hereof.
Section 4. Assignee’s Indemnity. Assignee hereby indemnifies and holds Assignor harmless
from and against any and all claims, losses, obligations, liabilities, costs, damages and
expenses (including reasonable attorneys' fees and costs) arising or accruing under the Lease
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and with respect to periods, events or circumstances occurring from and after 11:59 p.m. on
the date of this Agreement.
Section 5. Assumption. Assignee hereby assumes, and agrees to make all payments to the
Landlord and to perform and keep all promises, covenants, conditions, obligations and
agreements of Assignor under the Lease commencing as of 11:59 p.m. on the date of this
Agreement but only to the extent such relate to matters or circumstances arising or accruing
after 11:59 p.m. on the date hereof.
Section 6. Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns.
Section 7. Additional Rent. Assignor agrees to pay to Landlord, as Additional Rent under the
Lease, the cost of its legal counsel in the preparation of this document and all other work
performed by Landlord’s legal counsel related thereto.
Section 8. Miscellaneous. This Agreement is governed by and shall be construed in
accordance with the laws of the State of New Hampshire without regard to the conflict of laws
principles thereof. This Agreement constitutes the entire agreement of the parties hereto with
respect to the subject matter hereof. This Agreement may be executed in any number of
counterparts, all of which when taken together shall constitute one and the same instrument.
[Remainder of Page Left Intentionally Blank]
Final
LEASEAGREEMENT
(Multi-Tenant Building/Campus, Triple Net)
CENTURY PARK, L.L.C.
(Landlord)
To
INSTRUMENT ASSOCIATES, LLC
DBA NUTFIELD TECHNOLOGY
(Tenant)
Portion of Building located at One Wall Street
Hudson, New Hampshire
CONTENTS
ARTICLE I LEASED PREMISES: CONSTRUCTION: LANDLORD LOAN TO TENANT
ARTICLEII TERM OF LEASE
ARTICLE III OPTION TO RENEW
ARTICLE IV RENTARTICLEV SECURITY DEPOSITARTICLEVI QUIET ENJOYMENT
ARTICLE VII COMMON AREAS OF THE BUILDING AND THE CAMPUS; MAINTENANCE
THEREOF
ARTICLE VIII CONDITION OF LEASED PRXMISES; REPAIRS
ARTICLE IX IMPROVEMENTS BY TENANT
ARTICLE X MACHINERY AND EQUIPMENT - TRADE FIXTURES
ARTICLEXI UTILITIES
ARTICLE XII USE OF LEASED PREMISES
ARTICLE XIII HAZARDOUS WASTE, MATERIAL OR SUBSTANCES
ARTICLE XIV ASSIGNMENT; SUBLEASING
ARTICLEXV TAXES AND ASSESSMENTSARTICLEXVI MECHANIC'S LIEN
ARTICLE XVII EMINENT DOMAIN
ARTICLE XVI LIABILITY: INDEMNIFICATION
ARTICLE XIX RULES AND REGULATIONS
ARTICLEXX LANDLORD'S INSURANCE
ARTICLEXXI TENANT'S INSURANCE
ARTICLEXXII DESTRUCTION OR DAMAGE
ARTICLE XXIII REPOSSESSION BY LANDLORD
ARTICLEXXTV MORTGAGELIEN
ARTICLE XXV DEFAULT; JITRISDICTION; WAIVER OF JURY TRIAL
ARTICLE XXVI ACCESS TO LEASED PREMISESARTICLEXXVII NOTICES
ARTICLE XXVU SIGNS; EXTERIOR APPEARANCE; PYLON
ARTICLE XXIX SHORT FORM RECORDING
ARTICLEXXX NO BROKER
ARTICLE XXXI WARRANTIES AND REPRESENTATIONS
ARTICLEXXXII SUCCESSION
ARTICLEXXXNI WAIVER
ARTICLE XXXIV COVERNING LAW
ARTICLEXXXV COIJNTERPARTS
ARTICLE XXXVI MODIFICATION; ENTIRE AGREEMENT
ARTICLEXXXVII SECTIONTIEADINGS
ARTICLEXXXVIII SEVERABILITY
ARTICLEXXXIX PARKING
ARTICLEXL CUARANTY
ARTICLE XLI LIMITATION OF LIABILITY; NON-RECOURSE TO LANDLORD
ARTICLEXLII INTERPRETATION
ARTICLE XLIII RIGHT OF FIRST OFFER TO LEASE
Exhibit A-l Floor Plans
Exhibit A-2 Legal Description
Exhibit B Landlord's Work
Exhibit B I Landlord's work Plan
Exhibit B-2 Tenant's Work
Exhibit C Rules and Regulations
THIS LEASE AGREEMENT dated as of the
_
day of June, 20l4,by and between
CENTURY PARK, L.L.C., a New Hampshire limited liability company with an address of c/o
Chartwell Properties, LLC, Xxx Xxxx Xxxxxx, Xxxxxx, Xxx Xxxxxxxxx 00000 ("Landlord") and
INSTRUMENT ASSOCIATES, LLC, a New Hampshire limited liability company, d/b/a
Nutfield Technology, with an address of Xxx Xxxx Xxxxxx, Xxxxxx, Xxx Xxxxxxxxx 00000
("Tenant").
WITNESSETH:
ARTICLE I - LEASED PREMISES: CONSTRUCTION: LANDLORD LOAN TO TENANT
I .l Landlord hereby leases to Tenant and Tenant hereby leases from Landlord, upon
and subject to the terms and provisions of this Lease, an area of approximately twenty-one
thousand three hundred ninety-six 21,396 square feet in total, comprised of approximately
nineteen thousand three hundred two 19,302 square feet ofindustrial space, which is a portion of
Unit # S1l5 and two thousand ninety-four 2,094 square feet of the Building Common Area
(defined below), as cross-hatched on the plan attached hereto as Exhibit A- I (the "Leased
Premises"), which area is a part ofa building located upon a lot or parcel of land situated at Xxx
Xxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxx Xxxxxx, Xxx Xxxxxxxxx, as more particularly described in
Exhibit A-2 attached hereto (hereinafter referred to as the "Properly"), together with such
additions and extensions as Landlord may from time to time designate as included within the
building or buildings (the "Building"),which Building is a part of a complex of buildings known
as Century Park (the "Campus"). This is a "net, net, net lease" and Tenant shall pay Tenant's
Proportionate Shares (defined below) ofall expenses incurred in connection with the operation
of the Building, the Property and the Campus so that the Base Rent described in Section 4.1 will
be entirely "net" to Landlord, except for (a) interest and amortization on mortgages encumbering
the fee title at any time and (b) any estate, inheritance, income or personal taxes ofLandlord.
1.2 Prior to the Commencement Date (defined below), Tenant will, at Tenant's sole
cost and expense, complete the work as provided for on Exhibit B-2 attached hereto and made a
part hereof ("Tenant's Work"). Landlord shall provide a "Tenant Improvement Loan" ofup to
$25,000.00 for Tenant improvements which shall be reimbursed by Tenant to Landlord,
amortized over Tenant's initial five (5) year Lease Term at five percent (5%) per year. In order
to pay the Tenant Improvement Loan, Tenant shall make monthly payments to Landlord in the
amount ofFour Hundred Seventy-one Dollars and Seventy-Eight Cents ($471.78) per month for
sixfy (60) consecutive months beginning on September 15,2014, with the Rent due for the
month ofOctober,2014, and on each succeeding I 5'h day of the month thereafter until the
Tenant Improvement Loan is paid in full.
1.3 All work performed by Tenant shall be performed at Tenant's sole risk and
expense and in accordance with good construction practices, applicable legal requirements and
insurance requirements. In connection such construction, Tenanl agrees to comply with all of
Landlord's construction and labor provisions ofthis Lease, including, but not limited to, the
provisions of Article IX. j
ARTICLE N- TERM OF LEASE
2.1 Tenant's occupanay ofthe Leased Premises shall commence on August 1, 2014
(the "Commencement Date") and shall continue for frve (5) full Lease Years after the
commencement ofpayment ofRent for the period beginning on October l, 2014 (the "Rent
Commencement Date"), as defined below, and the term shall expire five (5) years after the Rent
Commencement Date (he "Original Term"). "Lease Year" means the one-year period beginning
on the Rent Commencement Date and each anniversary of the Rent Commencement Date;
however, if the Rent Commencement Date is a date other than the first day of the month, then
each Lease Year will begin on the first day of the month following the Rent Commencement
Date. Rent and any other sums provided in this Lease for which the Lease Year is a factor shall
be adjusted and paid on pro rata basis for any partial month prior to the first Lease Year. "Lease
Month" means a calendar month beginning on the Rent Commencement Date and at the
beginning of each calendar month thereafter; however, if the Rent Commencement Date is a date
other than the first day ofthe month, then the first Lease Month will begin on the first day ofthe
month following the Rent Commencement Date.
2.2 In the event that Tenant fails to vacate the Leased Premises at the end ofthe Term
of this Lease (defined below), or sooner in the event that this Lease is terminated earlier pursuant
to the provisions hereof, Tenant acknowledges that such holdover as a month-to-month tenant is
no1 desirable to Landlord and that the Base Rent should be reflective ofthat undesirability.
Tenant further acknowledges that it is aware, and has been so advised by Landlord, in the event
that reletting of the Leased Premises will take a period of at least six (6) months after the later of
the date that Landlord is certain it will have possession or the date that Tenant actually vacates
the Leased Premises. Therefore, ifTenant holds over after the expiration of the Term of this
Lease or any exercised option term with or without objection from Landlord, then such holding
over will not extend the Term of this Lease, but will create a month-to-month tenancy under the
same conditions as this Lease except that Base Rent shall be paid in the amount ofone hundred
twenty-five percent (12506) of the Base Rent set forth in Section 4.1 hereof and the Additional
Rent (defined below) then being paid by Tenant to Landlord for the month immediately prior to
the holdover period. Tenant agrees that such increased Rent is not damages or a penalty, but is a
negotiated amount ofRent for any monthto-month holdover period, but is compensation for the
loss incuned by Landlord, such loss being difficult to actually determine in advance. The
payment of such increased Rent shall not limit the damages to which Landlord is entitled
hereunder.
ARTICLE III . OPTION TO R,ENEW
3.1 Tenant shall have the option to renew the Lease at the end of the Term for two (2)
additional terms of five (5) years each. Tenant must exercise each renewal term by giving
written notice to Landlord at least nine (9) months prior to the commencement of the renewal
term. IfTenant fails to exercise an option to renew, then all further options to renew shall
expire, and the Lease shall terminate and the end of the then-current Term. The Original Term
and Renewal Terms, ifapplicable, are collectively hereinafter refened to as either the "Term of
this Lease", "Lease Term" or "Term."
ARTICLE IV _ RENT
4.1 (a) Tenant shall pay Landlord (at the address specified in Section 27.1 hereof, as
base rent ("Base Rent") for the Leased Premises during the Term of this Lease the following:
(D August 1 , 2014 - September 30,2014, there shall be no Base Rent payable,
(ii) October 1 ,2014 - March 3 1 , 2015 - monthly Base Rent shall be paid in the
amount ofThree Thousand Two Hundred Ninety-One Dollars and Sixty-Seven Cents
($3,2e 1 .67);
(iiD April 1, 201 5 September 30, 2015
-
monthly Base Rent shall be paid in the
amount ofFour Thousand One Hundred Fourteen Dollars and Fiftv-Eisht Cents
($4,114.s8);
(iv) October 1, 2015
-
March 31, 2016- monthly Base Rent shall be paid in the
amount of Five Thousand Nine Hundred Thirty-Thee Dollars and Twenty-Three Cents
($s,933.23);
(v) April 1, 2016
-
September 30,2016
-
monthly Base Rent shall be paid in the
amount of Seven Thousand Four Hundred Seventy-One Dollars and Seventy-Six Cents
$7,a71.76);
(vi) October | ,2016 - September 30, 2017 - monthly Base Rent shall be paid in the
amount of Seven Thousand Six Hundred Ninety-Five Dollars and Ninety-One Cents
($7,695.91); and
(vii) For all Lease Years beginning with October 1,2017 , the monthly Base Rent shall
be paid based upon the amount ofthe preceding year Base Rent, PLUS the greater of
three percent (3%) or increase in the CPI (defined below) from the beginning ofthe
previous Lease, whichever is greater.
(b) The Base Rent payable by Tenant during each Lease Year, beginning with the
Lease year which commences on October 1, 2017, shall increase annually from the previous
Lease Year's Base Rent based upon the increase in the CPI, defined below, or three percent (370)
above the Base Rent in the immediately preceding Lease Year, whichever is greater. The
increases based on CPI shall be determined by the CPI for the previous Lease Year by a fraction,
the numerator of which is the " Consumer Price Index Boston-Brockton-Nashua, XX-XX-XX-
XX (0000-00: 100)", published by the Bureau of Labor Statistics for the United States
Department ofLabor (the "CPI") on the first day ofthe then current Lease Year, and the
denominator of which is the CPI on the previous lease year. In no event shall the Base Rent go
down in any Lease Year from the previous Lease Year.
4.2 All Rent is payable in advance, without demand, in fixed monthly installments of
one twelfth (1/l2th) ofthe then-current annual Base Rent on or before the fifteenth (l5th) day of
each and every month prior to the month for which the Rent is being paid during the Term
hereof. Ifthis Lease begins on any day other than the first (1st) of any calendar month, then the
Rent for the first month will be prorated for the number of days in that month that this lease is
effective. A similar proration will be made lor the end of the Term.
4.3 The Base Rent and all other sums payable by Tenant hereunder shall be refened
to as "Rent". For further sums payable by Tenant as Rent (sometimes called "Additional Rent")
see the provisions of this Lease Agreement, including, but not limited to, Articles VII, VIII, XI,
XV and XX.
4.4 It is understood that the Base Rent. Monthly Estimated Common Area
Maintenance Charge, Tenant's Proportionate Share ofReal Estate Taxes (hereinafter defined)
and Insurance Premiums (hereinafter defined) is payable on or before the fiiteenth (15th) day of
each and every month prior to the month for which the Rent is being paid without offset or
deduction of any nature. In the event such Rent is not received when due or any check tendered
to Landlord is retumed to Landlord as uncollectible, Tenant shall pay the applicable service
charges set forth in this Section 4.4, which Landlord and Tenant agree are a fair and reasonable
estimate ofthe costs to be incurred by Landlord by reason ofsuch late payment. The service
charge lor a late payment shall be an amount equal to ten percent (10%) of any installment of
Rent and other charges past due for more than five (5) business days; provided, however, interest
on such past due installment and late payment charge shall accrue at the rate of eighteen percent
(18%) per annum after the thirtieth (30th) day such installment is past due until paid. The
service charge for a returned check shall be Five Hundred Dollars ($500). In no event shall the
aggregate ofthe interest to be paid by Tenant, plus any other amounts paid in connection with
the ftansaction evidenced hereby which would under applicable law be deemed "interest", ever
exceed the maximum amount of interest which, under applicable law, could be lar.rfrlly charged
to Tenant hereunder (the "Maximum Rate"). Therefore, none of the terms ofthis Lease shall
ever be construed to create a contract to pay interest at a rate in excess ofthe Maximum Rate,
and Tenant shall not be liable for interest in excess of that determined at the Maximum Rate, and
the provisions of this Section shall control all other provisions of this Lease. Ifany amount of
interest taken or received by Landlord shall be in excess ofthe Maximum Rate, then the excess
shall be deemed to have been the result ofa mathematical error by Landlord and Tenant and
shall be applied by Landlord to Tenant's next installment ofBase Rent or other charges owed by
Tenant to Landlord or, if this Lease Agreement has terminated and no amounts are due to
Landlord" shall be refunded promptly to Tenant.
4.5 Under no circumstances may Tenant be entitled to withhold any Rent or other
sums due hereunder, or set off against the sarne, on account ofLandlord's purported failure to
perform any of its obligations hereunder.
4.6 Any payment by Tenant or acceptance by Landlord ofan amount less than that
due under the terms hereof will be treated as a payment on account, regardless ofany
endorsement appearing on any such check or any statement made by Tenant to the contrary.
4.7 The annual financial statements heretofore delivered to Landlord by Tenant have
been prepared in accordance with generally accepted accounting principles, consistently applied,
are complete and correct, and fairly present the financial condition and results of the Tenant.
There are no material liabilities, direct or indirect, fixed or contingent, of the Tenant which are
not reflected therein or in the notes thereto which would be required to be disclosed therein and
there has been no material adverse change in the financial condition or operations ofthe Tenant
since the date of such financial statements. The Tenant's assets are free of encumbrances of any
nature, except those disclosed in the aforementioned balance sheets and liens permitted under
this Agreement.
4.8 (a) Tenant shall fumish Landlord within ninety (90) days after the close ofeach
fisca1 year (i) a statement of stockholders' equity and a statement ofchanges in financial position
ofTenant for such fiscal year; (ii) an income statement of Tenant for such frscal year; and (iii)
balance sheets ofTenant as ofthe end of such fiscal year. All such annual statements shall be
prepared in accordance with generally accepted accounting principles consistently applied and
shall present fairly the financial position and result of operations of Tenant. The annual financial
statements ofTenant shall be prepared on a reviewed basis, by an independent certified public
accountant selected by Tenant and reasonably acceptable to Landlord. Landlord shall have the
right, from time to time, to discuss the affairs ofTenant directly with Tenant's accountant after
consent ofTenant, and opportunity ofTenant to be represented at any such discussions.
(b) Furnish Landlord with such other financial information or reports as Landlord
may reasonably request.
ARTICLE V - SECURITY DEPOSIT
5.1 Landlord acknowledges that it is currently holding the sum ofFive Thousand
Nine Hundred Forty andl3/100 ($5,940.13) Dollars to be applied as security for the full and
faithful performance by Tenant ofall the terms of this Lease required to be performed by Tenant.
Upon the execution hereof, and prior to the commencement of the Lease Term under Article II
hereof, Tenant shall pay an additional sum of Six Thousand Fifteen Dollars and Eighty-Seven
Cents ($6,015.87), for a total sum to be held by Landlord in the amount ofEleven Thousand
Nine Hundred Fifty-Six Dollars ($11,956.00) as security for the full and faithful performance by
Tenant of all the terms of this Lease required to be performed by Tenant. Landlord may use,
apply, or retain the whole or any part ofthe money deposited as security hereunder to the extent
required for the payment ofany Base Rent and/or Additional Rent or other sum(s) as to which
Tenant is in default or for any sum(s) which Landlord may expend or may be required to expend
by reason of Tenant's default with respect to any of the conditions of this Lease, including, but
not limited to, any damages or deficiency in reletting of the Leased Premises whether such
damages or deficiency accrued before or after summary proceedings or other reentry by
Landlord. In the event of Landlord's sale or lease of the Leased Premises of which the Leased
Premises forms a part, Landlord shall have the right to transfer said security deposit to the
purchaser or lessee, and Landlord shall thereupon be released from all liability for the return of
such secwity deposit. In the event ofsuch a transfer, Tenant shall look solely to said transferee
for the retum of said security deposit. The deposit may be commingled with other funds of
Landlord. Tenant shall not assign or encumber the money deposited as security without the prior
written consent ofLandlord, and Tenant agrees that neither Landlord nor its successors and
assigns shall be bound by any such assignment or encumbrance. Tenant agrees that the money
deposited as security hereunder will not be used to pay the Rent for the last month of the term
hereof without the prior written consent ofLandlord. Tenant shall not be entitled to any interest
on the money deposited as security hereunder. Subject to the terms ofthis Section, in the event
that Tenant shall comply with all of the terms of this Lease, the money deposited as security
hereunder will be retumed to Tenant after the term hereofand after deliverv ofoossession of the
Leased Premises to Landlord with no sums due to Landlord.
ARTICLE VI - QUIET ENJOYMENT
6.1 Landlord shall put Tenant into possession ofthe Leased Premises on the
Commencement Date, and Tenant, upon paying the Rent and observing the other covenants and
conditions herein, upon its part to be observed, shall have peaceful and quiet enjoyment ofthe
Leased Premises. Notwithstanding the provisions ofthe foregoing sentence, Tenant
acknowledges that the Building and the surrounding site shall be under renovation at various
times during the term of this Lease, and agrees that, to the fullest extent permitted by applicable
law, any such renovation shall not be a violation ofTenant's right ofquiet enjoyment, unless
such work substantially interferes with the business ofthe Tenant.
ARTICLE VII - COMMON AREAS OF THE BUILDING AND CAMPUS; MAINTENANCE
THEREOF
7.1 The term "Building Common Area" is defined for all purposes ofthis Lease as
that part of the Building intended for the common use ofall tenants, including among other
facilities (as such may be applicable to the Building) loading areas, sidewalks, lobbies, hallways,
lighting facilities, meeting rooms, public toilets, fire suppression system, security system, and the
like but excluding space in buildings (now or hereafter existing) designed for rental for
commercial purposes, as the same may exist from time to time. Landlord reserves the right to
change from time to time the dimensions and location of the Building Common Area. Tenant, its
employees and customers, and, when duly authorized pursuant to the provisions ofthis Lease, its
subtenants, licensees and concessionaires, shall have the nonexclusive right to use the Building
Common Area as constituted from time to time. Such use shall be in common with Landlord,
other tenants in the Building and other persons permitted by Landlord to use the same, and shall
be subject to such reasonable rules and regulations goveming use as Landlord may from time to
time prescribe. Tenant shall not take any action which would interfere with the rights of other
persons to use the Building Common Area. Landlord may temporarily close any part of the
Building Common Area for such periods of times as may be necessary to make repairs or
alterations or to prevent the public from obtaining prescriptive rights; provided, however, that
such closure does not unreasonably interfere with Tenant's access to, or quiet enjoyment of, the
Leased Premises. Landlord shall be responsible for the operation, management, and
maintenance of the Building Common Area, the manner of maintenance and the expenditures
therefor to be in the sole discretion of Landlord, the cost of which shall be a portion ofthe
Common Area Maintenance Charges (defined below).
7.2 The term "Campus Common Area" is defined for all purposes of this Lease as
that part of the Campus intended for the common use ofall tenants, including among other
facilities (as such may be applicable to the Campus) parking areas, private streets and alleys,
utilities, landscaping, curbs, sidewalks, fire suppression system, lighting facilities, excluding
streets and alleys maintained by a public authority. Landlord reserves the right to change from
time to time the dimensions and location of the Campus Common Area, as well as the
dimensions, identity and type of any areas in the Campus. Tenant, its employees and customers,
and, when duly authorized pursuant to the provisions of this Lease, its subtenants, licensees and
concessionaires, shall have the nonexclusive right to use the Campus Common Area as
constituted from time to time. Such use shall be in common with Landlord. other tenants in the
Campus and other persons permitted by Landlord to use the same, and shall be subject to such
reasonable rules and regulations goveming use as Landlord may from time to time prescribe,
including the designation of specific areas within the Campus or in reasonable proximity to the
Leased Premises, in which automobiles owned by Tenant, its employees, subtenants, licensees
and concessionaires shall be parked. Tenant shall not take any action which would interfere with
the rights of other persons to use the Campus Common Area. Landlord may temporarily close
any part of the Campus Common Area for such periods of times as may be necessary to make
repairs or alterations or to prevent the public from obtaining prescriptive rights, provided that
such closure does not unreasonably interfere with Tenant's access to, or quiet enjoyment of, the
Leased Premises. Landlord shall be responsible for the operation, management, and
maintenance of the Campus Common Area, the manner of maintenance and the expenditures
therefore are to be in the sole discretion of Landlord, the cost of which shall be a portion of the
Common Area Maintenance Charges (defined below).
7.3 (a) In addition to Montl y Rent and any other charges prescribed in this Lease,
Tenant shall pay to Landlord Tenant's Proportionate Share (defined below) of the cost of
ownership, operation and maintenance of the Building Common Area (using Tenant's Building
Proportionate Share, defined below), including the Building Common Area, and the Campus
Common Area (using Tenant's Campus Proportionate Share, defined below) (including, among
other costs, those for lighting, painting, cleaning, policing, inspecting, repairing, replacing, and
removing of snow and ice from the Campus Common Area, and the cost of heating, cooling,
water, sewer, electricity, natural gas and other utilities for any lobbies and hallways, and, in the
event that the Leased Premises and other areas ofthe Building which are leased are not
separately metered for utilities, the costs ofelectricity, heating, cooling and other utilities
servicing the Building) (collectively, the "Common Areas") which may be incurred by Landlord
in its discretion, including the cost of maintaining and repairing all utility mains, lines, conduits
and other facilities located on, above or under the Common Area, a reasonable allowance for
Landlord's overhead costs, a management fee offive (5%) percent of the total gross rent (Base
Rent and all Additional Rent) for all tenants in the Campus and for depreciation of maintenance
equipment (collectively, the "Common Area Maintenance Charges").
(b) Excluded from Operating Expenses to the Building, Leased Premises,
sunounding buildings and grounds (Premises) are: charges for depreciation of the Premises; or
any mortgage debt service; costs ofrepairs due to total or partial destruction ofthe Leased
Premises which such casualties are insured, unless caused by Tenant, or condemnation ofthe
building; the cost of complying with applicable laws dealing with the handling, storage, and
disposal of hazardous substance, including cleanup costs not used or caused by Tenant;
compensation for principal ofLandlord; attorneys' fees, costs, and disbursements and other
expenses incurred in connection with negotiations or disputes with other tenants, other
occupants, or prospective tenants and occupants; renovating or otherwise improving, decorating,
painting, or redecorating space for other tenants or other occupants ofthe Premises, exclusive of
common areas; expenses in connection with services or other benefits of the type which are not
provided Tenant, but which are provided to another tenant or occupant; all items and services for
which the Tenant is separately charged, reimburses Landlord or pays third parties; construction
or other work performed by Landlord for other tenants, excluding common area, whether or not
the Landlord is entitled to reimbursement for the cost of such work; the cost of any items for
which Landlord is reimbursed by insurance, condemnation, refund, rebate, or otherwise; any
expenses for repair or maintenance to the extent covered by wananties, guaranties and servrce
contracts and for which the Landlord is reimbursed; costs related to maintaining Landlord's
existence as a partnership or other entity.
(c) For all purposes in this Lease, the term "Tenant's Building Proportionate Share"
shall mean fourteen percent (14%), which is the ratio that the gross square feet of the Leased
Premises ofnineteen thousand three hundred and two (19,302) square feet bears to the total
rentable square feet ofthe Building, which is one hundred forty thousand eight hundred eighty-
five (140,885) square feet. Landlord may adjust, at its option, the Tenant's Building
Proportionate Share in the event that the rentable square feet in the Building changes. In the
event ofsuch adjustment, Landlord shall give Tenant notice in writing ofthe new Tenant's
Building Proportionate Share which shall become effective on the first (1st) day ofthe month
follor,l,ins the notice.
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(d) For all purposes in this Lease, the term "Tenant's Campus Proportionate Share"
shall mean five percent (5%), which is the ratio that the gross square feet of the Leased Premises
of nineteen thousand three hundred and two (19,302) square feet bears to the total rentable
square feet of the Campus offour hundred eleven thousand four hundred nine (411,409) square
feet. Landlord shall adjust the Tenant's Campus Proportionate Share in the event that the
rentable square feet in the Campus changes. In the event of such adjustment, Landlord shall give
Tenant notice in writing ofthe new Tenant's Campus Proportionate Share which shall become
effective on the first (1st) day ofthe month following the notice.
(e) During each Lease Year, Tenant will pay Landlord a "Monthly Estimated
Common Area Maintenance Charge", which Landlord estimates to be, for the remainder of
calendar year 2014, Two and261100 ($2.26) Dollars per square foot, which is the monthly
amount ofFour Thousand Twenty-nine Dollars and Fifty-eight Cents ($4029.58) Dollars,
payable monthly in advance, payable at the same time and place as the Monthly Rent is payable,
except, however, if the Lease Term does not begin on the first day of a calendar month,'Ienant
shall pay a pro rata poftion ofsuch sum for such partial month. Landlord shall have the right to
adjust such monthly estimate on an annual basis, pursuant to the following paragraph.
(0 At the end ofeach calendar year occuning during the Term ofthis Lease (or
subsequent to the expiration or other termination of this Lease, ifsuch occurs on a date other
than the last day ofa calendar year), Landlord will give Tenant notice ofthe total amount paid by
Tenant for the relevant calendar year together with the actual amount ofTenant's Building
Propo(ionate Share and Tenant's Campus Proportionate Share (collectively, "Tenant's
Proportionate Shares") ofthe Common Area Maintenance Charges (the "Total Cost") for such
calendar year. If the actual amount of Tenant's Proportionate Shares of the Total Cost with
respect to such period exceeds the aggregate amount previously paid by Tenant with respect
thereto during such period, Tenant shall pay to Landlord the deficiency within fifteen (15) days
following notice from Landlord; however, if the aggregate amount previously paid by Tenant
with respect thereto exceeds Tenant's Proportionate Shares of the Total Cost for such period,
then, at Landlord's election, such surplus (net ofany amount then owing by Tenant to Landlord)
shall be credited against the next ensuing installment ofany such cost due hereunder by Tenant
or against any other amount ofRent owing by Tenant to Landlord hereunder, or Landlord may
refund such net surplus to Tenant. Periodically, during the Term of this Lease, Landlord shall
have the right to estimate Tenant's Proportionate Shares of Common Area Maintenance Charges
for the next fiscal period (determined by Landlord) of the Term of this Lease, whereupon, Tenant
shall pay Landlord such amounts as may be so indicated by Landlord in the same manner as the
Monthly Estimated Common Area Maintenance Charge. Any information provided to Tenant
under this Article VII shall be held in strict confidence by Tenant and shall be returned to
Landlord when this Lease terminates. Tenant shall have the right, at Tenant's cost and expense,
to examine all Landlord's books and records, documentation and calculations prepared in the
determination of Common Area Maintenance Charges. Landlord shall provide a breakdown to
Tenant of Operating Expenses and Common Area Maintenance Charges annually.
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ARTICLE VIII - CONDITION OF LEASED PREMISES; REPAIRS
8.1 Subject to the terms ofArticle I ofthis Lease, Tenant accepts the Building,
improvements, and any equipment or fixtures on or in the Leased Premises "as is" and in their
existing condition and agrees that no representation, statement or warranty, express or implied,
has been made by or on behalf of Landlord as to such condition, or as to the use that may be
made of such property.
8.2 If the Leased Premises is now, or at any time during the term of this Lease becomes, a
"Public Accommodation" under the Americans with Disabilities Act of 1990 and 1992, as
amended (the "ADA"), Tenant shall, at its sole expense, be responsible for (i) compliance with
Title III ofthe ADA to the extent that the ADA imposes obligations on the procedure and design
of any alterations to the Leased Premises made by Tenant, and (ii) making modifications in its
policies, practices and procedures in connection with the operating ofTenant's business. Ifa
failure to make such modifications constitutes a violation of the ADA, Tenant shall indemnif'
and hold harmless Landlord with respect to its failure to comply with the foregoing
responsibilities. Any work to be performed by Tenant pursuant to this Section 8.2 shall be
governed by all the provisions set forth in Section 9.1 below
8.3 Landlord shall maintain in good repair the structural integrity ofthe rooi and
exterior walls of the Leased Premises, and the structural beams, structural columns and other
structural parts ofthe Leased Premises, and the cost ofsuch amount shall be reimbursed to
Landlord as part of the Building Common Area Maintenance Charges. Tenant shall keep, during
the term hereof, at its own cost and expense, the interior of the Leased Premises, excluding the
structural integrity ofthe roofand exterior walls, in as good condition as the same was at the
commencement of the term hereof, reasonable wear and tear, taking by eminent domain and
damage due to fire or casualty insured against excepted. Tenant shall replace, at its own cost and
expense, window glass, ifany, ofthe same kind and quality, reasonable wear and tear, taking by
eminent domain and damage due to fire or other casualty insued against excepted. Tenant shall
replace and/or repair, at its own cost and expense, all light bulbs and lighting fixtures which are
damaged, broken or cease to function during the term hereofl, with bulbs or fixtures of the same
kind and quality. In addition, Tenant xxxxx maintain and repair the HVAC, heat, plumbing and
electrical repairs servicing the Leased Premises and shall maintain a quarterly preventative
maintenance service contract for the servicing ofthe HVAC, a copy of which shall be fumished
to Landlord; however, Landlord shall be responsible for replacement of the HVAC cost ofthe
full replacement of the Leased Premises for the first five (5) years of this Lease. Thereafter,
Tenant shall be responsible for the reimbursement of cost of full replacement of the HVAC
servicing the Leased Premises, which shall be amortized over a period ofseven (7) years.
8.4 Tenant shall take good care ofthe Leased Premises and keep the same free from
waste at all times. Tenant shall keep the Leased Premises and sidewalks, service-ways and
loading areas adjacent to the Leased Premises neat, clean and free from dirt or rubbish at all
times, and shall store all trash and garbage within the Leased Premises, arranging for the regular
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pick-up of such trash and garbage at Tenant's expense. Removal of garbage and trash shall be
made only in the manner and areas prescribed by Landlord. Tenant shall arrange for the regular
pick up of trash and refuse at Tenant's expense, unless Landlord provides other refuse service, in
which case Tenant shall use such other refuse service and pay the cost ofsuch service as
specified by Landlord. Tenant shall not operate an incinerator or bum trash or garbage within
the Building or on tlle Property.
ARTICLE IX - IMPROVEMENTS BY TENANT
9.1 Tenant shall not make or allow to be made any alterations, installations, additions
or improvement in or to the Leased Premises, or place safes, vaults or any other healry furniture
or equipment within the Leased Premises, without Landlord prior written consent, which consent
shall not be unreasonably withheld or delayed. Any such alterations, additions or improvements
to the Leased Premises shall be govemed by the following terms:
(a) No such alteration, addition or improvement lessens the fair market value ofthe
Leased Premises or the Building and all such improvements are performed in class and quality at
least equal to the original construction work;
(b) All work for any such alteration, addition or improvement shall be performed by a
contractor approved by Landlord prior to the commencement ofthe work, and Landlord shall
approve the construction contract which shall be between the Tenant and the approved
contractor;
(c) Prior to the commencement of work on any such alteration, addition or
improvement, Tenant shall procwe, at its own cost and expense, all necessary permits;
furthermore, the plans and specifications covering the same will have been submitted to and
approved in writing by (i) Landlord, (ii) all municipal or other govemmental departments or
agencies having jurisdiction over the subject matter thereof, and (iii) any mortgagee having an
interest in or lien upon the Leased Premises or the Building ifrequired by the terms ofthe
mortgage, it being understood that Landlord will not unreasonably refuse to join in any
application to any such mortgagee or governmental agency to obtain such approval with respect
to any reasonable alteration, addition or improvement;
(d) In carrying out all such alterations, additions and improvements, Tenant shall
comply with the standards, guidelines and specifications imposed by all municipal or other
governmental departments and agencies having jurisdiction over the same, including without
limitation, all building codes;
(e) Prior to the commencement of work on any such alteration, addition or
improvements, Tenant shall have procured and delivered to Landlord the policy of Builder's
Risk insurance hereinafter referred to in Section 21.2 hereofor additional fire and extended
coverage insurance as required by Section 21.3 hereof, whichever is applicable;
I.)
(0 All work shall be completed promptly and in a good and xxxxxxx like manner
and shall be performed in such a manner that no mechanics, materialmen's or other similar liens
shall attach to Tenant's leasehold estate, and in no event shall Tenant permit, or be authorized to
permit, any such liens or other claims to be asserted against Landlord or Landlord's rights, estate
and interest with respect to the Leased Premises, the Building, or the Property; and at the
completion of all work Tenant shall obtain waivers of mechanics and materialmens liens from all
persons performing work on or on furnished material to the Leased Premises; and
(g) Any such alteration, addition or improvement made by Tenant pursuant to the
terms hereof shall, at the expiration ofthe term hereofbecome and remain the property of
Landlord, provided, however, that Landlord may, at its option and upon notice to Tenant not less
than ninety (90) days prior to such expiration, require Tenant to remove any such alterations,
additions. and improvements and to restore the Leased Premises to their condition as at the
beginning of the term hereof, reasonable wear and tear, taking by eminent domain and damage
due to fire or other casualty insured against excepted.
(h) Any review, approval, consent or supervision ofany work done at the Leased
Premises by Tenant, including, but not limited to, Tenant's Work, shall not be deemed to impose
any liability on either Landlord or its lender.
(i) All work perlormed by Tenant shall be performed at Tenant's sole risk and
expense and in accordance with good construction practices, applicable legal requirements and
insurance requirements. In connection such construction, Tenant agrees to comply with all of
Landlord's construction and labor provisions of this Lease, including, but not limited to, the
orovisions of Article IX.
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ARTICLE X - MACHINERY AND EQUIPMENT - TRADE FIXTURES
10.1 All alterations, installations, additions or improvements, other than moveable
fumiture and moveable trade fixtures, made by Tenant to the Leased Premises shall
remain upon and be surrendered with the Leased Premises and become the property of
Landlord at the expiration or termination of this Lease or the termination of Tenant's
right to possession of the Leased Premises; provided, however, that Landlord may require
Tenant, at Tenants cost, to remove any and all ofsuch items that are not building standard
within ten (10) days following the expiration or termination ofthis Lease, or the
termination ofTenant's right to possession of the Leased Premises. Tenant, at its sole
cost and within ten (10) days following the expiration or termination of this Lease, shall
remove all ofTenant's property from the Leased Premises. Any such property which
may be removed pursuant to the preceding sentence and which is not so removed prior to
the expiration or earlier termination of this Lease may be removed from the Leased
Premises by Landlord and stored for the account of Tenant; and if Tenant fails to reclaim
such property within thirty (30) days following such expiration or earlier termination of
this Lease, then such property will be deemed to have been abandoned by Tenant, and
may be appropriated, sold, destroyed or otherwise disposed ofby Landlord without notice
to Tenant and without obligation to account therefor. Tenant shall pay to Landlord the
cost incuned by Landlord in removing, storing, selling, destroying or otherwise disposing
of any such property.
ARTICLE XI . UTILITIES
1 1.1 Ifthe utilities, including, but not limited to, gas, oil, electricity, water, light, heat,
air conditioning, sewer, power, telephone, fiber and cable are separately provided to the Leased
Premises, Tenant shall make arrangements for and pay directly when due all charges' In the
event that some or all of said utilities are not separately provided to the Leased Premises, and to
the extent it is feasible at a reasonable cost, ifable, Landlord shall sub-meter and charge Tenant
for the actual utility cost. If Landlord so elects not to sub-meter said utilities, Tenant shall pay to
Landlord Tenant's Building Proportionate Share of utilities for the Building. Landlord reserves
the right to xxxx Tenant, and Tenant agrees to pay, according to the utilities used by Tenant to the
extent Tenant's usage is disproportionately higher than the usage of other occupants or
unoccupied space of the building. Tenant's utility usage to be determined in the sole good faith
discretion ofthe Landlord by check metering, historical data, Tenant's hours of operation,
Tenant's use, Tenant's number ofemployees, or any other reasonable methods. Tenant shall pay
promptly the utilities invoices with the next payment of Base Rent when due. Landlord shall not
be liable for any failure of water supply or electric current or ofany service by any utility; or
injury to persons (including death) or damage to property resulting from steam, gas, electricity,
water, rain or snow which may flow or leak from any part ofthe Leased Premises or from any
pipes, appliances or plumbing works, on the street or subsurface, or from any other place, or for
inierference with light or other easements, except if caused by the gross negligence or intentional
conduct of the Landlord or his agents, employees, guests, contractors or officers.
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11.2 Tenant shall, at its sole cost and expense, maintain, repair, change and improve
the water, sewer, electric and other utility systems which are located within the Leased Premises.
Any work performed by Tenant under this Section 1 1.2 shall be govemed by all of the tems
contained in Section 9.1 of the Lease.
ARTICLE XII - USE OF LEASED PREMISES
12.1 Without the prior written consent of Landlord, which shall not be unreasonably
withheld or delayed, Tenant may use the Leased Premises only for the purpose of manufacturing
of optical components and subsystems, offices and for other services and purposes reasonably
incident and similar thereto.
12.2 In its use of the Leased Premises, Tenant shall comply with all statutes,
ordhances and regulations applicable to the use thereof, including, without limiting the
generality of the foregoing, the Zoning Ordinances of the Town ofHudson, New Hampshire, as
now in effect or as hereafter amended. Any changes in the Building which are required by any
present or future laws, rules, requirements, orders, directions, ordinances or regulations ofany
govemmental or lawful authority including Boards of Fire Underwriters due to Tenant's products
or Tenant's use ofLeased Premises shall be at Tenant's sole cost and expense, including, but not
limited to any changes required in the sprinkler system required by Tenant's use.
12.3 Tenant shall not injure or deface, or commit waste with respect to the Leased
Premises nor occupy or use the Leased Premises, or permit or suffer any part thereof to be
occupied or used, for any unlawful or illegal business, use or purpose, nor for any business, use
or purpose deemed to be disreputable or extra-hazardous, nor in such manner as to constitute a
nuisance ofany kind, nor for any purpose nor in any manner in violation ofany present or future
laws, rules, requirements, orders, directions, ordinances or regulations of any govemmental or
laufirl authority including Boards of Fire Underwriters. Tenant shall, immediately upon the
discovery ofany such unlawful illegal, disreputable or extra-haz-ardous use, take, at its own cost
and expense, all necessary steps, legal and equitable, to compel the discontinuance ofsuch use
and to;ust and remove the subtenants, occupants or other persons guilty of such unlawful,
illegal, disreputable or extra-hazardous use. Tenant's use ofthe Leased Premises shall not
interfere with other tenants' quiet enjoyment oftheir premises. Tenant shall not cause excessive
noise which interferes with the use by other tenants of their premises for office use. Tenant shall
not use the Leased Premises in a manner which exceeds the maximum full load capacity of the
structure of the Leased Premises.
12.4 Tenant shall procure at its sole expense all permits and licenses required for the
transaction ofbusiness in the Leased Premises and otherwise comply with all applicable laws,
ordinances, and govemmental regulations affecting the Building, including those relating to
Hazardous wasti or Substance (hereinafter defined) now in force or that may be hereafter
enacted or promulgated. Any application to the State of New Hampshire and./or the Town of
l6
Xxxxxx, and/or any other govemmental entity, agency or department, regarding the Leased
Premises shall require the wdtten consent of Landlord. Tenant shall copy Landlord on all
correspondence with the State of New Hampshire and the Town of Xxxxxx and any other
governmental entity, agency or department,
12.5 Tenant has fumished to Landlord prior to execution of this Lease the Material
Safety Data Sheets ("MSDS") for all materials to be used or stored by Tenaat. No additional
materials shall be used by Tenant until delivery to Landlord of a MSDS pertaining thereto, with
the size, quantity, volume and description ofspecific safety storage and containment proposed
and written approval by Landlord has been granted, in Landlord's sole and absolute discretion in
each instance of Tenant's use in the Leased Premises of such material. Tenant acknowledges
that it shall have no right to use any new materials until such MSDS sheets have been delivered
to and approved by Landlord and Tenant has reported the new materials to the Town ofHudson,
New Hampshire, for the purposes of its sewer permit. In the event that the Town of Xxxxxx
requires any modifications in tle sewer permit, such materials shall not be used by Tenant until
such sewer permit is modified.
ARTICLE XIII - HAZARDOUS WASTE, MATERIAL OR SUBSTANCES
13.1 Tenant shall not use the Leased Premises for the generation, storage or treatrnent
of hazardous waste, and hereby certifies that its operations or other use ofthe Leased Premises
will not involve same. For purposes of this lease, the term "Hazardous Materials" means (a) any
chemical, compound, material, mixture or substance that is now or hereafter defined or listed in,
or otherwise classified pursuant to, any Environmental Laws (hereafter defined) as a "hazardous
substance", "hazardous material", "hazardous waste", "extremely hazardous waste", "acutely
hazardous waste", "radioactive waste", "infectious waste", "biohazardous waste", "toxic
substance", "pollutant", "toxic pollutant", "contaminant" as well as any formulation not
mentioned herein intended to define, list, or classifo substances by reason of deleterious
properties such as ignitability, corrosivity, reactivity, carcinogenicity, toxicity, reproductive
toxicity, "EP toxicity", or "TCLP toxicity"; (b) petroleum, natural gas, natural gas liquids,
liquefied natural gas, synthetic gas usable for fuel (or mixtures of natural gas and such synthetic
gas) and ash produced by a resource recovery facility utilizing a municipal solid waste stream,
and drilling fluids, produced waters and other wastes associated with the exploration,
development or production of crude oil, natural gas, or geothermal resources; (c) "hazardous
substance" as defined in any Environmental Law; (d) "waste" as defined in any Environmental
Law; (e) asbestos in any form; (f) urea formaldehyde foam insulation; (g) polychlorinated
biphenyls (PCBs); (h) radon; and (i) any other chemical, material, or substance exposue to
which is limited or regulated by any Govemmental Agency (hereafter defined) because of its
quantity, concentration, or physical or chemical characteristics, or which poses a significant
present or potential hazard to human health or safety or to the environment ifreleased into the
workplace or the environment. Hazardous Materials" shall not include (y) ordinary xxxxxx
supplies and repair, maintenance and cleaning supplies maintained in reasonable and necessary
ouantities and used in accordance with all Environmental Laws, or (z) petroleum or fuel required
t7
in the ordinary course for the operation of the Leased Premises maintained in reasonable and
necessary quantities and used in accordance with all Environmental Laws. As used in this
Article XIII, "Environmental Laws" means any and all present and future federal, state and local
laws, ordinances, regulations, policies and any other requirements of any Govemmental Agency
relating to health, safety, the environment or to any Hazardous Materials, including without
limitation, the Comprehensive Environmental Response, Compensation, and Liability Act of
1980 (CERCLA), the Resource Conservation Recovery Act (RCRA), the Hazardous Materials
Transportation Act, the Toxic Substance Control Act, the Endangered Species Act, the Clean
Water Act, the Occupational Safety and Health Act, each as hereafter amended from time to
time, and the present and future rules, regulations and guidance documents promulgated under
any of the foregoing. As used in this Article XIII, "Govemmental Agency" means any federal,
state, municipal or other govemmental or quasi-govemmental court, agency, authority or district.
13.2 Tenant shall not (either with or without negligence) cause or permit the escape,
disposal, release ofany Hazardous Materials (as said term is defined) on, in, upon or under the
Property ofthe Leased Premises. Tenant shall not generate, store, use or dispose of such
Hazardous Materials in any manner not sanctioned by the foregoing cumulative references in
compliance with all applicable laws, rules and regulations. If Landlord, any lender or any
govemmental agency shall ever require testing to ascertain whether or not there has been any
release of Hazardous Materials, then all cost ofsuch investigations there shall be bome by
Tenant. In addition, Tenant shall execute estoppel certificates and the like, from time to time, at
Landlord's reasonable request conceming Tenant's best knowledge and belief regarding the
presence of Hazardous Materials on the Leased Premises introduced or brought onto the Leased
Premises by Tenant other than ordinary cleaning fluids and/or fluids and other material
commonly used for offices. Landlord expressly reserves the right to enter the Leased Premises
to perform regular inspections upon reasonable notice to Tenant provided that same does not
interfere with Tenant's use of the Leased Premises.
13.3 Tenant warrants and acknowledges that at no time have frrnds been expended
from the State ofNew Hampshire's hazardous waste cleanup fund established under RSA 147-8
with respect to any of Tenant's property located within New Hampshire which would entitle the
State to a so-called superlien under RSA 147-8: l0 III. Tenant also acknowledges same with
respect to similar laws of any other state which liens might possibly affect the Leased Premises.
The provisions ofthis Article XIII will survive the expiration or termination of this Lease.
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ARTICLE XIV - ASSIGNMENTI SUBLEASING
14.1 Tenant shall not, voluntarily, by operation of law, or otherwise, assign, transfer,
mortgage, pledge or encumber this Lease or sublease the Leased Premises or any part thereof, or
grant a right to any person other than Tenant, its employees, agents, servants and invitees to
occupy or use the Leased Premises or any portion thereof, without the express prior written
conssnt of Landlord, which consent shall not be urueasonably withheld or delayed, . Any
attempt to do any of the foregoing without such written consent shall be null and void and ofno
effect, and shall further constitute a material default under this Lease. IfTenant so requests
Landlord's consent, said request shall be in writing specifying the duration ofsaid desired
sublease or assignment, the date same is to occur, the exact location ofthe space affected thereby
and the proposed rentals on a square foot basis chargeable thereunder, and shall be submitted to
Landlord at least sixty (60) days in advance ofthe date on which Tenant desires to make such
assignment or sublease or allow such occupancy or use. Upon such request, Landlord may, in
its reasonable discretion (i) grant such consent subject to Landlord's approval of the assignee,
transferee, subtenant or mortgagee, or (ii) elect to terminate this Lease, or (iii) suspend this Lease
as to the space to be affected by such assignment, sublease or other event specified above for the
duration specified by Tenant in its notice, in which event Tenant will be relieved ofall
obligations hereunder as to such space during such suspension, including a suspension ofthe
Ren.t hereunder in proportion to the portion ofthe Leased Premises affected thereby (but after
said suspension, if the suspension is not for the full term hereof, Tenant shall once again become
liable hereunder as to the applicable space). These provisions shall not include interfamily
transfers or related company transfers.
14.2 Tenant shall, despite any permitted assignment or sublease, remain directly and
primarily liable for the performance ofall of the covenants, duties and obligations ofTenant
hereunder, and Landlord shall be permitted to enforce the provisions of this Lease against Tenant
or any assignee or subleasee without demand upon or proceeding in any way against any other
person.
14.3 Consent by Landlord to a particular assignment or sublease shall not be deemed a
consent to any other subsequent transaction. If this Lease is assigned or if the Leased Premises
are subleased without the permission ofLandlord, then Landlord may nevertheless collect rent
from the assignee or subleasee and apply the net amount collected to the Rent payable hereunder,
but no such transaction or collection of Rent or application thereofby Landlord shall be deemed
a waiver ofany provision hereofor a release ofTenant from the performance ofthe obligations
of the Tenant hereunder.
14.4 All cash or other proceeds of any assignment, sale or sublease of Tenant's interest
in this Lease, whether consented to by Landlord or not, shall be paid to Landlord
notwithstanding the fact that such proceeds exceed the Rent called for hereunder, and Tenant
hereby assigns to Landlord all rights it might have or ever acquire in such proceeds.
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ARTICLE XV - TAXES AND ASSESSMENTS
15.1 Tenant shall pay, in addition to Base Rent and other charges, an amount equal to
Tenant's Building Proportionate Share of "Real Estate Taxes" (hereinafter defined) assessed
against the Building and the Property and Tenant's Campus Proportionate Share ofthe Real
Estate Taxes assessed on the common area ofthe Campus and levies and charges and
govemmental impositions, duties and charges of like kind and nature which are or may during
the term of this Lease be charged, laid, levied or imposed upon or become a lien or liens upon
the Campus, the Building and the Property or any part thereof, or upon any buildings or
appurtenances thereto or any parts thereof, or which may become due and payable with respect
thereto and any and all taxes charged, laid or levied in addition to the foregoing under or by
virtue ofany present or future laws, requirements, rules, orders, directions, ordinances or
regulations of the United States of America, the State of New Hampshire, County of
Hillsborough or Town of Hudson, goverffnent, or ofany other municipal government or lawful
authority whatsoever. All such duties and charges, including Real Estate Taxes, are refened to
herein as "Taxes".
15.2 "Real Estate Taxes" means all real estate taxes, sewer taxes, and any other
charges made by a pubiic authority which upon assessment or failure ofpayment become a lien
or liens upon the Campus, the Building and the Property or any part thereof, or upon any
buildings or appurtenances thereto, or any parts thereof, or which may become due and payable
with respect thereto. If any betterment assessments are payable by law in installments, said
betterment assessments are deemed payable not for the period in which the same are assessed but
in installments for the periods in which the installments thereof are payable. Real Estate Taxes
shall not include any franchise, estate, inheritance, succession, capital lely or transfer tax of
Landlord or any income tax of Landlord.
15.3 Tenant shall pay to Landlord along with each installment ofRent, an amount
equal to one-twelfth (1/12th) ofTenant's Proportionate Share ofthe Taxes for the current tax
year, if the amount thereof is known, or of such taxes for the prior tax year, ifthe amount thereof
for the current tax year is not known. Upon receipt by Landlord of the final tax xxxx for any tax
year during the term of this Lease, Landlord shall give Tenant notice of the total amount of
Taxes paid by Landlord for such tax year. If the actual amount of Tenant's Proportionate Share
ofthe Taxes with respect to such tax year exceeds the aggregate amount previously paid by
Tenant, Tenant shall pay to Landlord the deficiency within fifteen ( 15) days following notice
from Landlord. If the aggregate amount previously paid by Tenant with respect thereto exceeds
Tenant's Proportionate Share ofthe Taxes for such tax year, then, at Landlord's election, such
surplus (net ofany amounts then owing by Tenant to Landlord) shall be credited against the next
ensuing installment of any such cost due hereunder by Tenant. Periodically, during the Term of
this Lease, Landlord shall have the right to estimate Tenant's Proportionate Share ofTaxes for
the next tax year (determined by Landlord) ofthe term of this Lease, whereupon Tenant shall
nav Landlord such revised amount as set forth in the first sentence ofthis Section 15.3.
20
15.4 Tenant shall also punctually pay and discharge all taxes which are or may during
the term of this Lease be charged, laid, levied or imposed upon or become a lien upon any
personal property ofTenant attached to or used in connection with Tenant's business conducted
on the Leased Premises which personal property constitutes a fixture. Nothing herein contained
requires Tenant to pay any taxes on the Rent reserved to Landlord hereunder.
15.5 Landlord, at its option, may, but shall not be obligated to, contest or review by
any appropriate proceedings, and at Landlord's expense, any tax, charge or other govemmental
imposition aforementioned which shall not be contested or reviewed as aforesaid by Tenant, and
Tenant shall promptly join with Landlord in such contest or review if Landlord so requests. Any
abatement in such taxes, less the cost to obtain such abatement, shall be reflected in the amount
of taxes to be paid by Tenant the following year pursuant to this Article XV.
ARTICLE XVI - MECHANIC'S LIEN
l6.l In the event ofthe filing in the Hillsborough County Registry ofDeeds ofany
notice ofa builder's, supplier's or mechanic's lien on the Leased premises or the Building
arising out of any work performed by or on behalf of Tenant, Tenant shall cause without delay
proper proceedings to be instituted to test the validity ofthe lien claimed, and within thirty (30)
days after the filing ofany such lien to discharge the same by the posting ofbond or otherwise;
and during the pendency ofany such proceeding, Tenant shall completely defend and indemnify
Landlord against any such claim or lien and all costs ofsuch proceedings wherein the validity of
such lien is contested by Tenant, and during the pendency of such proceeding such lien may
continue until disposition ofsuch proceeding, and after disposition thereof, Tenant shall cause
said lien to be released and discharged.
ARTICLE XVN . EMINENT DOMAIN
1'7.1 If the Leased Premises is lawfully condemned or taken by any public authority
either in its entirety or in such proportion that it is no longer suitable for the intended use by
Tenant, then this Lease will automatically terminate without further act of either party hereto on
the date when possession ofthe Leased Premises is taken by such public authority, and each
party hereto will be relieved ofany further obligation to the other except that Tenant shall be
liable for and shall promptly pay to Landlord any Rent or other payments due hereunder then in
anears or Landlord shall promptly rebate to Tenant a pro rata portion ofany Rent or other such
payments paid in advance. In the event the proportion of the Leased Premises so condemned or
taken is such that the Leased Premises is still suitable for its intended use by Tenant, this Lease
will continue in effect in accordance with its terms and a portion ofthe Rent and other payments
due hereunder will xxxxx equal to the proportion ofthe rental value ofthe Leased Premises so
condemned or taken. In either of the above events, the award for the propeny so cond.emned or
taken will be payable solely to Landlord without apportionment to Tenant.
2l
ARTICLE XVIII - LIABILITY
18.1 Except for injury or damage caused by the gross negligence or willful misconduct
of Landlord, its servants or agents, Landlord shall not be liable for any injury or damage to any
person happening on or about the Leased Premises, the Building, the Property or the Campus, or
for any injury or damage to the Leased Premises, the Building, thc Property or the Campus, or ro
any property ofTenant or to any property ofany third person, firm, association, or corporation
on or about the Leased Premises, the Building, the Property or the campus. Tenant shall, except
for inj ury or damage caused as aforesaid, defend (with counsel reasonably acceptable to
Landlord), indemnify and hold Landlord harmless from and against any and all liability and
damages, costs and expenses, including reasonable attomeys' fees, and from and against any and
all suits, claims and demands ofany kind or nature whatsoever, by and on behalfofany person,
firm, association or corporation arising out ofor based upon any incident, occunence, injury or
damage which happens or may happen on or about the Leased premises, the Building, the
Property or the campus, and from and against any matter or thing growing out ofthe condition,
maintenance, repair, alteration, use, occupation or operation of the Leased premises or the
installation of any property therein or the removal of any property therefrom. This indemnity
and hold harmless agreement shall include indemnity against all reasonable costs, expenses and
liabilities incurred in or in comection with any such claim or proceeding brought thereon, in the
defense thereof, including attomeys' fees. Tenant shall not settle or compromise anv claim
without the prior written consent of Landlord.
18.2 In addition, Tenant agrees to defend with counsel acceptable to Landlord and
indemnift Landlord and hold Landlord hatmless from and against all claims arising from the
discharge or other release by Tenant onto the Leased premises, the Building, the property or the
Campus ofany Hazardous Material, excluding any discharge of Hazardous Material io the extenr
caused by Landlord, its officers, directors, agents, employees, invitees, licensees or contractors.
Tenant shall not settle or compromise any claim without the consent of Landlord, which consent
shall not be unreasonably withheld or delayed.
18.3 The obligations and liabilities ofTenant hereunder with resDect to the
indemnities pursuant to this Article XVIII or under any other provisions oithis Lease, resulting
from any claim or other assertion of liability by third parties (hereinafter "Claim" or collectiveiy."Claims"), shall be subject to the following terms and conditions:
(a) The party seeking indemnification (the ,.Indemnified party,') must give the other
party (the "Indemniflying Par1y"), notice ofany such claim promptly after the Indemnified party
receives notice thereof.
(b) The Indemnifying Party shall have the right to undertake, by counsel or other
representatives approved by the Indemnihed Party, the defense ofsuch Claim.
22
(c) In the event that the Indemnifoing Party shall elect not to undertake such defense,
or xxxxxx a reasonable time after notice of any such Claim from the Indemnified Party shall fail
to defend, the Indemnified Party (upon further written notice to the Indemnifying Party) shall
have the right to undertake the defense, compromise or settlement ofsuch Claim, by counsel or
other representatives of its own choosing, on behalfofand for the account and risk of the
Indemnifying Party (subject to the right ofthe Indemnifying Party, upon payment ofall
reasonable fees and costs incurred by the Indemnified Party for defense ofsuch Claims t<,
assume defense of such Claim at any time prior to settlement, compromise or final determination
thereof).
(d) Anl.thing in this Section 18.3 to the contrary notwithstanding, (i) ifthere is a
reasonable probability that a Claim may materially and adversely affect the Indemnified Party
other than as a result ofmoney damages or other money payments, the Indemnified party shall
have the right, at his own cost and expense, to participate in the defense, compromise or
settlement of the claim, (ii) the Indemnifying Party shall not, without the Indemnified party's
written consent, settle or compromise any claim or consent to entry ofanyjudgment which does
not include as an unconditional term thereofthe giving by the claimant or the plaintiffto the
Indemnified Party of a release from all liability in respect of such claim, and (iii) in the event
that the Indemnifying Party undertakes defense ofany claim, the Indemnified party, by counsel
or other representative of its own choosing and at its sole cost and expense, shall have the right
to consult with the Indemnifring Party and its counsel or other representatives conceming such
claim and the Indemnifying Party and the Indemnified party and their respective
"ounrei
o,
other representatives shall cooperate with respect to such Claim.
(") Notwithstanding any provision herein to the contrary, in the event that a response
is required to a condition, occlrrence or other happening which may impose liability on
Landlord within a time period which does not allow notice to Tenant, Landlord shall have ng
obligation to notify Tenant prior to taking any action, and despite the lack ofprior notice ro
Tenant, Tenant shall remain fully responsible to Landlord under the terms of this A(icle XVIII
and any other provisions of this Lease.
18.4 The provisions of this Ar-ticle XVIII will survive the expiration or termination of
this Lease.
ARTICLE XIX -RULES AND REGULATIONS
19.1 Tenant, its servants, employees, agents, visitors, invitees, and licensees, shall
observe faithfully and comply with the Rules and Regulations set forth in Exhibit C hereto, and
shall abide by and conform to such further rules and regulations as Landlord may from time to
time reasonably make, amend or adopt, after Tenant receives a copy thereof.
z.)
ARTICLE XX - LANDLORD'S INSURANCE
20.1 Landlord shall maintain property insurance for the Property. The term "lnsurance
Premiums" shall mean the total annual insurance premiums which accrue on all property
insurance, boiler insurance, public liability and property damage insurance, rent insurance, and
any other insurance which, from time to time, may, at Landlord's election, be carried by
Landlord with respect to the Building, the Property and/or the Campus during any applicable
calendar year (or portion thereof.l occurring during the term of this Lease; provided, however, rn
the event, during any such calendar year, all or any part ofsuch coverage is written r.rnder a
"blanket policy" or otherwise in such manner that Landlord was not charged a specific insurance
premium applicable solely to the Building, the Property and/or the campus then in such event,
the amount considered to be the Insurance Premium with respect to such coverage for such
calendar year, shall be that amount which would have been the annual Insurance premium
payable under the rates in effect on the first day of such applicable calendar year for a separate
New Hampshire Standard Form insurance policy generally providing such type and amount of
coverage (without any deductible amount) with respect to the Building, the property andior the
Campus (considering the type ofconstruction and other relevant matters), irrespective of the fact
that Landlord did not actually carry such type policy. In the event that Tenant'i activities in the
Leased Premises cause an increase in Landlord's Insurance Premiums, then such increase due to
Tenant's use shall be paid by Tenant upon demand from Landlord. In addition, Tenant shall pav
for the cost of any repairs or modification to the Building in order to make the Building
insurable.
20.2 Monthly, during the first year of the term of this Lease, Tenant will pay to
Landlord the Tenant's Building Proportionate Share ofthe Insurance premiums (which may be
estimated by Landlord) on the Building and the Property and renant's campus proportionate
Share of the insurance Premiums on the campus, monthly in advance, payable at the same time
and place as the Base Rent is payable, except, however, if the Lease Term does not begin on the
first date of a calendar month, Tenant shall pay a pro rata portion of such sum for such partial
month. Landlord shall have the right to adjust such monthly estimate on an annual basii,
pursuant to the following paragraph hereof.
20.3 At the end ofeach calendar year occuning during the term ofthis Lease
(subsequent to the expiration or other termination of this Lease, ifsuch occurs on a date other
than the last day ofthe calendar year), Landlord shall give Tenant notice of the total amount paid
by Tenant for t}re relevant calendar year together with the actual amount ofTenant's Building
Proportionate Share and Campus Proportionate Share of Insurance Premiums for such calendar
year. Ifthe actual amount ofrenant's Proportionate Share ofthe Insurance premiums with
respect to such period exceeds the aggregate amount previously paid by Tenant with respect
thereto during such period, Tenant shall pay to Landlord the deficiency within fifteen ( 1 5) days
following notice from Landlord; however, if the aggregate amount previously paid by Tenant
with respect thereto exceeds Tenant's Building Proportionate Share of the Insurance Premiums
cost for such period, then, at Landlord's election, such surplus (net ofany other amounts then
24
owing by Tenant to Landlord) shall be credited against the next ensuing installment ofany such
cost due hereunder by Tenant. Periodically, during the term of this Lease, Landlord shall have
the right to estimate Tenant's Building Proportionate Share oflnsurance Premiums for the next
fiscal period (as reasonably determined by Landlord) of the term ofthis Lease, whereupon,
Tenant shall pay Landlord such amount as may be so indicated by Landlord. Except, if any
increase in Insurance Premiums are the result ofthe actions, claims, or other actions of another
tenant in the building, Tenant shall not be required to pay for said increase.
20.4 In the event ofloss, Landlord shall promptly initiate action to effect a settlement
with the insurer. Tenant shall reasonably cooperate with Landlord and any mortgagee in
connection with the proceeding and collection of claims, and shall execute and deliver to
Landlord such proofs ofloss, releases and other instruments as may be necessary to settle any
such claims and obtain the proceeds thereo{ and in the event Tenant fails or neglects to so
cooperate or to execute and deliver any such instrument, Landlord may, as the agent or attomey
in fact ofrenant, execute and deliver any such instrument, and renant hereby nominates and
appoints Landlord the proper and legal attorney in fact of Tenant for such purpose, hereby
ratifying all that Landlord may lawfully do as such attomey in fact.
ARTICLE XXI - TENANT'S INSURANCE
2l.l Tenant shall, from the Delivery ofPossession ofthe Leased premises, even if
such date precedes the commencement of the term hereof, and thoughout the term hereof
procure and carry at its own expense commercial general liability insurance with an insurance
company authorized to do business in New Hampshire and acceptable to Landlord will be the so-
called "occurrence" form, including bodily injury, death and property damage liability, insurance
against any and all claims, including all legal liability to the extent insurable and imposed upon
Landlord and all court costs and attomeys' fees and expenses, arising out ofor connected with
the possession, use, leasing, operation, maintenance or condition ofthe Leased premises or use
of the Building common Area or campus common Area. Such insurance will be canied in the
name ofand for the benefit of Tenant and Landlord and Landlord shall be named as an additional
named insured; and shall provide coverage ofat least Two Million Dollars ($2,000,000) in case
ofdeath ofor injury to single person and Five Million Dollars ($5,000,000) in the aggregate, and
Two Million Dollars ($2,000,000) in case of loss, destruction or damage to property. If
applicable, Tenant shall comply with the requirements ofthe Boilers and Unfired pressure
Vessels Law (NH RSA 157-A), and in such event the policy or policies referred to above shall
contain an endorsement providing pressure vessels insurance coverage and naming Landlord as
an additional named insured. All such insurance shall comply with the provisions of this Article
XXI.
21.2 During any period or periods of construction by Tenant on the Leased premises,
the construction of which is (a) of atype to which Builder's Risk Insurance is applicable and (b)
requires the advance written approval of Landlord pursuant to Article IX hereof, Tenant shall
obtain and maintain in effect standard Builder's Risk Insurance written on a comoleted value
25
basis, including extended coverage, and utilizing a maximum value at date of completion not less
than the greater of(y) the aggregate contract price or prices for the construction ofsuch facilities
or (z) the amount which may be required by a moftgagee which is financing such construction.
If such construction by Tenant is ofa type to which Builder's Risk Insurance is not applicable,
Tenant shall provide the additional coverage under the policies as required by Landlord. All
such insurance shall comply with the provisions of this Article XXI.
21.3 Tenant shall procure and continue in force during the term hereof, all-risk
insurance which contains fire and extended coverage on a full value, repair or replacement basis
upon facilities, machinery, equipment and appurtenances constructed, erected or installed on or
in the Leased Premises by Tenant and which have or may become the property ofLandlord
pursuant hereto. The policies evidencing such insurance must provide that loss, if any, payable
thereunder will be payable to Landlord and,/or Tenant and,/or mortgagee ofthe Leased Premises
as their respective interests may appear, and all such policies together with evidence ofpayment
of the premiums thereon will be delivered to Landlord and,/or any such mortgagee.
21.4 Tenant shall also maintain the following insurance: (a) Statutory workers,
compensation insurance with respect to any work on or about the Leased Premises;
(b) Broad form boiler and machinery insurance (without exclusion for explosion)
covering all boilers or other pressure vessels, machinery, and equipment located in, on or about
the Leased Premises and insurance against loss ofoccupancy or use arising from any breakdown
in such amounts as are generally required by landlords for properties comparable to the Leased
Premises;
(c) Such other insurance with respect to the Leased Premises as reasonably required
by Landlord against loss or damage of the kinds from time to time customarily insured against
and in such amounts as required by landlords for properties comparable to the Leased Premises;
and
(d) All such insurance shall comply with the provisions of this Article XXI.
21.5 All insurance provided for herein from Tenant shall be obtained under valid and
enforceable policies (the "Policies" or in the singular, the "Policy"), and shall be issued by one or
more other domestic primary insurer(s) having a general policy rating of A or better and a
financial class of VIII or better by A.M. Best Company, Inc. (or if a rating of A.M. Best
Company Inc. is no longer available, a similar rating from a similar or successor service) xxxxx
such insurer shall be referred to below as a "Qualified Insurer"). All insurers providing
insurance required by this Lease shall be authorized and admitted to issue insurance in the state
in which the Leased Premises is located. The Policies shall name Landlord as an additional
named insured. The Policies shall also contain: (i) a standard "non-contributory landlord"
endorsement or its equivalent relating, inter alia, to recovery by Landlord notwithstanding the
negligent or willful acts or omission of Tenant; (ii) to the extent available at commercially
26
reasonable rates, a waiver of subrogation endorsement as to Landlord; and (iii) an endorsement
providing for a deductible per loss ofan amount not more than that which is customarily
maintained by tenants of similar properties in the general vicinity ofthe Leased Premises, but in
no event in excess of Five Thousand Dollars ($5,000). All Policies shall contain (i) a provision
that such Policies shall not be denied renewal, materially changed (other than to increase the
coverage provided), canceled or terminated, nor shall they expire, without at least thirty (30)
days' prior written notice to Landlord in each instance; and (ii) include effective waivers by the
insurer ofall claims for applicable premiums against any loss payees, additional insureds and
named insureds (other than Tenant). Certificates of insurance for such Policies shall be delivered
by Tenant to Landlord prior to Tenant's entry upon the Leased Premises. Copies of such
Policies shall be delivered by Tenant to Landlord within twenty (20) days ofentry by Tenant on
the Leased Premises. certificates ofinsurance with respect to all renewal and replacement
Policies shall be delivered to Landlord not less than thirty (30) days prior to the ixpiration date
ofany ofthe Policies required to be maintained hereunder which certificates shall bear notations
evidencing payment of Insurance Premiums. originals or certificates of such replacement
Policies and copies of such replacement Policies shall be delivered to Landlord promptly after
Tenant's receipt thereof but in any case within thirty (30) days after the effective date thereof.
Tenant shall neither violate, nor allow its agents or employees to violate any of the terms,
conditions and provisions of such Policies.
21.6 IfTenant fails to maintain and deliver to Landlord the original policies or
certilicates ofinsurance required by this Lease or if Landlord receives a copy of a notice of
cancellation ofany insurance which is the responsibility of renant to maintain, upon ten (10)
days prior notice to Tenant, Landlord may procure such insurance at Tenant's sole cost and
expense. Upon receipt ofa copy of notice ofcancellation ofany insurance which is the
responsibility ofTenant hereunder, Landlord may pay the premiums necessary to reinstate the
same. The amount so paid will constitute Additional Rent payable by Tenant at the next rental
payment date. Payment of premiums by Landlord will not be deemed a waiver or release by
Landlord ofthe default by Tenant in failing to pay the same or of any action which Landlord
may take hereunder as a result of such default.
21-7 Tenant shall comply with all insurance requirements and shall not bring or keep
or permit to be brought or kept any article upon any ofthe Leased premises or cause or permit
any condition to exist thereon which would be prohibited by an insurance requirement, or would
invalidate the insurance coverage required hereunder to be maintained by Tenant on or with
respect to any part ofthe Leased Premises.
21.8 In the event ofan uncured default under this Lease, all right, title and interest of
Tenant in and to the Policies then in force concerning the Leased premises and all proceeds
payable thereunder shall thereupon vest in Landlord.
21.9 If and to the extent permitted without prejudice to any rights of Tenant under the
applicable insurance policies, Landlord shall be held free and harmless from liability for loss or
27
damage to personal property ofTenant in the Leased Premises by fire, the extended coverage
perils, sprinkler leakage, vandalism and malicious mischief if and to the extent actually insured
against, whether or not such loss or damage is the result of the negligence ofLandlord, its
employees or agents. This section does not impose any added obligation or expense upon Tenant
nor require that it cany any insurance ofany kind and is to be construed only as a limitation
upon the rights ofthe insurance carriers to subrogation.
ARTICLE XXII - DESTRUCTION OR DAMAGE
22.1 In the event that the Leased Premises, as it exists at the beginning ofthe term
hereof, is totally destroyed by fire or other casualty insured against, or is so damaged that repairs
and restoration cannot, in the opinion ofLandlord in its sole discretion, be accomplished within a
period ofone hundred eighty (180) days from the date of such destruction or damage, this Lease
will automatically terminate without further act of either party hereto, and each party shall be
relieved ofany further obligation to the other except for the rights and obligations ofthe parties
which survives a termination of this Lease, and except that Tenant shall be liable for and shall
promptly pay Landlord any Rent then in anears or Landlord shall promptly rebate to Tenant a
pro rata portion of any Rent paid in advance. In the event that the Leased Premises is so
damaged that repairs and restoration can be accomplished within a period ofone hundred eighty
(180) days from the date ofsuch destruction or damage, this Lease will continue in effect in
accordance with its terms; such repairs and restoration will, unless otherwise agreed by Landlord
and Tenant, be performed as closely as practicable to the original specifications (utilizing
therefor the proceeds ofthe insurance applicable thereto without any apportionment thereoffor
damages to the leasehold interest created by this Lease), and until such repairs and restoration
have been accomplished, a portion of the Rent will xxxxx equal to the proportion ofthe Leased
Premises rendered unusable by the damage. Landlord's obligation to restore, replace or rebuild
such facilities will not exceed in amount the sum ofthe insurance proceeds paid to it and/or
released to it by any mortgagee with which settlement was made. In the event the Leased
Premises may be repaired and/or restored within the aforementioned one hundred eighty (180)
day period, but the cost of such repair or restoration exceeds the available insurance proceeds, at
Landlord's discretion, this Lease will be terminated in which event the rights and duties ofthe
parties shall be govemed by the first sentence of this Section 22.1. TenanI shall execute and
deliver to Landlord all instruments and documents necessary to evidence the fact that the right to
such insurance proceeds is vested in Landlord. Landlord shall not be responsible for damage or
destruction, partial or total, to or ofmachinery, equipment and appurtenances constructed or
installed on or in the Leased Premises by Tenant unless caused by the gross negligence or
intentional conduct of the Landlord, its agents, or invitees. Notwithstanding anything contained
herein to the contraxy, in the event that the damage to the Leased Premises results from the fault
or negligence ofTenant, its agents, employees, licensees or invitees, Tenant shall not be entitled
to any abatement or reduction ofany Rent or other sums due hereunder, and such damage shall
be repaired by Tenant, or at Landlord's option by Landlord at Tenant's expense.
28
ARTICLE XXIII - REPOSSESSION BY LANDLORD
23.1 At the expiration ofthis Lease or upon the earlier termination ofthis Lease for
any cause herein provided for, Tenant shall peaceably and quietly quit the Leased Premises and
deliver possession of the same to Landlord together with the improvements thereon at the
beginning of the term hereof and all improvements constructed thereon by Tenant which are not
removed pursuant to the terms hereof, and all machinery, equipment and appurtenances installed
therein which have become part ofthe Leased Premises, or which are not to be removed pursuant
to ARTICLE X hereof At the time of delivery of possession to Landlord at the expiration of this
Lease any and all machinery, equipment and appurtenances constructed or installed on or in the
Leased Premises by Tenant at its expense after the beginning ofthe term hereoi which constitute
fixtures and which have become the property oflandlord pursuant to ARTICLE X hereof will
be free and clear ofany mortgage, lien, pledge or other encumbrance or charge.
ARTICLE XXIV - MORTGAGE LIEN
24.1 This Lease and all rights ofTenant hereunder are and will remain subject and
subordinate, without any further documentation, to the lien of(a) any mortgage(s) constituting a
lien on the Building, or any part thereof, at the date hereoi and (b) the lien ofany mortgage(s)
hereafter executed to provide financing or refinancing ofthe facilities on the Building, and (c)
any renewal, modification, consolidation or extension ofany mortgage referred to in clause (a) or
(b). Tenant shall, upon demand at any time or times, execute, acknowledge and deliver to
Landlord, any and all instruments that may be necessary or proper to subordinate this Lease and
all rights of Tenant here under to the lien ofany mortgage, deed oftrust or other instrument
referred to in clause (b) or clause (c) of the preceding sentence, and, in the event that Tenant
shall fail or neglect, within ten (10) days after receipt from Landlord or the lender, to execute,
acknowledge and deliver any such subordination instrument provided and conditioned upon its
receipt of a reasonable subordination, nondisturbance and attomment agreement (see below)
from said mortgagee, Landlord, in addition to any other remedies, may, as the agent or
attorney-in-fact of Tenant, execute acknowledge and deliver the same. Landlord agrees to
request from its lender an agreement (i) that so long as Tenant is not in default under the terms of
this Lease the mortgagee or trustee, or any person succeeding to the rights ofthe mortgagee or
trustee, or any purchaser at a foreclosure sale under said mortgage or deed oftrust, shall not
distub the peaceful possession ofTenant hereunder, and (ii) that the proceeds of insurance
policies received by it in settlement oflosses under insurance policies held by it will be applied
to the cost ofrepairs and restoration in those instances in which Landlord is obligated to repair
and restore pursuant to the provisions hereof.
24.2 Tenant shall execute and acknowledge a certificate containing such information as
may be reasonably requested for the benefit ofLandlord, any prospective purchaser or any
current or prospective mortgagee ofthe Building within ten (10)days ofreceipt of same, subject
to Tenant receiving prior hereto a non-disturbance and atonement agreement.
29
ARTICLE XXV - DEFAULT: JURISDICTION
25.1 In the event ofany ofthe following ("Default" or "Defaults"), Landlord shall
have the rights set forth in this Article XXV:
(a) Any installment of Rent, Additional Rent or utilities is not paid within five (5)
days after the same is due and payable; or
(b) Tenant defaults in the perlormance or observance ofany other covenant or
condition in this Lease and such default remains unremedied for twenty (20) days after written
notice thereof has been given or sent to Tenant by Landlord; or
(c) Any warranty or representation made by Tenant herein proves to be false or
misleading; or
(d) Tenant makes an assignment for the benefit ofcreditors, is generally not paying
its debts as such debts become due, a custodian is appointed or takes possession of its assets
other than a trustee, receiver or agent appointed or authorized to take charge of less than
substantially all ofthe property ofTenant for the purpose ofenforcing a lien against such
property, cornmences any proceeding relating to Tenant or any substantial part of its property
arrangement, readjustment ofdebt, dissolution or liquidation law or statute of any jurisdiction
whether now or hereafter in effect, or there is commenced against Tenant any such proceeding
which remains undismissed for a period of sixty (60) days, or any order approving the petition in
any such proceeding is entered, or Tenant by any act indicates its consenl to, or acquiescence in,
any such proceeding or the appointment ofany receiver or trustee for Tenant or any substantial
part of its property, or suffers any such receivership or tmsteeship to continue undischarged for a
period of sixty (60) days, or any pafty holding a security interest in any of Tenant's fixtures or
personal property ofany nature whatsoever that are located on the Leased Premises institutes or
gives notice of foreclosure against any such property; or
(e) Tenant shall have assigned or sublet the Leased Premises without the prior written
consent of Landlord; or
(fl Tenant shall abandon or vacate or shall commence to abandon or vacate the
Leased Premises or any substantial portion ofthe Leased Premises or shall remove or attempt to
remove, without the prior written consent ofLandlord, all or a substantial portion ofTenant's
goods, wares, equipment, fixtures, furniture, or other personal property.
(g) the dissolution ofany corporate Tenant or the termination ofany limited liability
company or partnership Tenant.
25.2 In the event of any of such Defaults, Landlord may immediately or at any time
thereafter and without demand or notice enter uDon the Leased Premises or any Dart thereofin
30
the name of the whole and repossess the same as of Landlord's former estate and expel Tenant
and those claiming through or under Tenant and remove their effects iorcibly ifnecessary,
without being deemed guilty in any manner oftrespass and without prejudice to any remedies
which might otherwise be used for arrears ofRent or preceding breach of covenant, and upon
such entry this Lease will terminate, and in case of such termination or in case of termination
under the provisions of statute by reason ofthe default ofTenant, Tenant shall remain and
continue liable to Landlord in an amount equal to the total Base Rent reserved for the balance of
the term plus all Additional Rent reserved for the balance ofsuch term less the net amounts (after
deducting the expenses ofrepair, renovation or demolition) which Landlord realizes, or with due
diligence should have realized, from the reletting ofthe Leased Premises, plus all costs
associated with the termination of the Lease, including Landlord's reasonable attomeys' fees.
As used in this Section, the term "Additional Rent" means the value ofall considerations other
than Base Rent agreed to be paid or performed by Tenant hereunder, including, without limiting
the generality ofthe foregoing, taxes, assessments, maintenance charges, and insurance
premiums. Landlord will have the right from time to time to relet the Leased Premises upon
such terms as it deems fit, and if a sufficient sum is not thus realized to yield the net Rent
required under this Lease, Tenant shall satisfy and pay all deficiencies immediately upon
determination of such deficiency for the remaining term of this Lease. At Landlord's option,
upon any uncured default of Tenant hereunder, all Base Rent and Additional Rent due from
Tenant under this Lease may be accelerated and Landlord should be entitled to ajudgment
therefor immediately. Nothing herein contained will be deemed to require Landlord to await the
date on which this Lease, or the term hereoi would have expired had there been no default by
Tenant, or no such termination or cancellation. Landlord's rights and remedies under this Lease
are distinct, separate and cumulative remedies, and no one of them, whether or not exercised by
Landlord, will be deemed to be in exclusion ofany ofthe others herein or by law or equity
provided. Nothing contained in this Section will limit or prejudice the right of Landlord to prove
and obtain, in proceedings involving the bankruptcy or insolvency of, or a composition with
creditors by, Tenant the maximum allowed by any statute or rule of law at the time in effect.
25.3 The Tenant, to the extent it may legally do so, hereby consent to the exclusive
jurisdiction of the Business Court ofthe Superior Court ofthe State ofNew Hampshire, as well
as to the jurisdiction of all courts from which an appeal may be taken from such courts for the
purpose ofany suit, action or other proceeding arising out ofany of their obligations hereunder
or with respect to the transactions contemplated hereby, and expressly waive any and all
objections they may have to venue in any such courts. If this Lease is terminated hereunder,
Tenant shall ay to Landlord on the first day of each calendar month remaining in the original
lease term or any agreed extension hereofone+welfth (l/12) of the annual base rent and
Additional Rent due, but Landlord shall use reasonable efforts to relet the Leased Premises and
the net proceeds of such reletting (after deducting reasonable expenses) shall be credited to the
amounts payable by the Tenant hereunder.
25.4 Tenant shall pay all Landlord's reasonable expenses including, but not limited to,
reasonable attomeys' fees incurred by Landlord under any circumstances relating to this Lease
3l
(except for the preparation of this Lease), including, but not limited to, in enforcing any
obligation of Tenant or remedies of Landlord under this Lease, or in recovering possession ofthe
Leased Premises upon any termination thereofif Landlord is successful in the action.
25.5 Any dispute or conhoversy between the parties arising out ofor relating to this
Lease Agreement including, without limitation, a dispute or controversy relating to the
construction ofany provision or the validity or enforceability ofany term or condition (including
this Section), or ofthe entire Lease Agreement, or any claim that all or any part of this Lease
Agreement (including this provision) is void or voidable, which dispute or controversy or claim
is in an amount which does not exceed Fifty Thousand Dollars ($50,000), may, at the option of
the parties which asserts any such dispute, conftoversy or claim, be submitted to arbitration
before a single arbitrator in accordance with the Commercial Rules of the American Arbitration
Association then in effect at in Manchester, New Hampshire. Each party shall bear its own costs
and expenses in any such proceeding. The decision of the arbitrator shall be final and binding
upon the parties and may be enforced in any court of competent jurisdiction. To the fullest
extent permitted by law, the parties irrevocably submit to the jurisdiction of such forum and
waive any objection it may have to either thejurisdiction or the venue ofsuch forum.
ARTICLE XXVI - ACCESS TO LEASED PREMISES
26-l Landlord or its representatives shall have free access to the Leased Premises at all
times in cases ofemergency and at reasonable intervals during normal business hours for the
purpose ofinspection, or for the purpose of showing the Leased Premises to prospective
purchasers or tenants or to Landlord's lenders as requested by the lenders, or for the purpose of
making repairs which Tenant is obligated to make hereunder but has failed or refused to make;
provided, that (with the exception of emergency situations), Landlord shall not unreasonably
interfere with Tenant's business. The preceding sentence does not impose upon Landlord any
obligation to make repairs. During the twelve (12) month period preceding the expiration of this
Lease, Landlord may keep affixed to any suitable part ofthe outside ofthe building on the
Leased Premises a notice that the Leased Premises is for sale or Rent.
ARTICLE XXVII - NOTICES
2l.l Any written notice, request or demand required or permitted by this Lease shall ,
until either party notifies the other in writing ofa different address, be properly given ifhand
delivered or sent by a nationally rccognized ovemight delivery service and addressed as follows:
If to Landlord: Xxxx X. Xxxxxxx, Xx., Manager
Century Park, L.L.C.
c/o Chartwell Properties, LLC
Xxx Xxxx Xxxxxx
Xxxxxx, XX 00000
Teleohone: 6031578-1705
JZ
With a copy to:
Telecopy: 603/000-00 00
Email: xxxxxxxx@xxxxxxxxxxxxxxxxxxx.xxx
Xxxxx X. XxXxxxxx, Esq.
Xxxxxx, Xxxxxxxx & Branch
Professional Association
000 Xxxxxxx Xxxxxx, P.O. Box 719
Manchester, NH 03105-07i 9
Telephone: 603 I 695 -8569
Telecopy: 6031669-8547
Email: xxxxxxxxx@xxxxxxxxxxxxxx.xxx
Xxxxx Xxxxx, Manager
Instrument Associates, LLC
c/o Nutfield Technology, Inc.
Xxx Xxxx Xxxxxx
Xxxxxx, XX 00000
Telephone: 000-000-0000
Telecopy: (000)000-0000
Email: moachr'ir)Illlls]_d1cgb.oo:l
Xxxxx X. Xxxxxx, Esq.
Xxxxxx & Xxxxxx
00 Xxxx Xxxxxx
Xxxxxxx, XX 00000
Telephone: 97 8l 00 0-0000
Telecopy: 978/47 5-1001
Email: xxxxxxx@xxxxxxxxxxxxxxx.xxx
If to Tenant:
With a copy to:
ARTICLE XXVIII . SIGNS; EXTERIOR APPEARANCE; PYLON
28J Tenant shall not, without Landlord's prior written consent, which consent shall
not be unreasonably withheld or delayed, install any interior or exterior lighting, decorations,
paintings, awning, canopies or the like; or erect or install any signs, banners, window or door
lettering, placards, decorations or advertising media ofany type that can be viewed from the
exterior of the Leased Premises or within common areas or exterior of the Building or on the
Campus. All signs, banners, lettering, placards, decorations and advertising media shall conform
in all respects to the requirements, ifany, of all applicable laws, codes and ordinances and to the
sign criteria established by Landlord for the Building and the Campus from time to time in the
exercise of its sole discretion, and shall be subject to the prior written approval ofLandlord as to
constn-rction, method of attachment, size, shape, height, lighting, color and general appearance.
All signs shall be kept in good condition and in proper operating order at all times. Upon the
expiration or earlier termination ofthis Lease, Tenant shall remove the sign and restore the
JJ
surface to which the sign was attached to its original condition at Tenant's expense. In the event
Tenant fails to remove the sign within three (3) days from expiration or earlier termination ofthis
Lease, the sign shall become the property of Landlord without any credit or compensation to
Tenant, and Landlord may, but is not obligated to, remove and store or dispose ofthe sign and
Tenant shall be liable to Landlord for all costs incurred by Landlord in connection therewith.
Tenant shall indemnify and hold Landlord harmless from all loss, damage, cost, expense and
liability in connection with such removal, storage or disposal.
28.2 In the event that the Building or the Campus has a pylon sign, Tenant, at Tenant,s
cost and expense shall have the right, subject however to the written consent of Landlord, to
locate a sign advertising Tenant upon the pylon structue, if Landlord elects to erect any such
pylon structure. Notwithstanding an).thing herein to the contrary, Landlord shall in all cases
retain the right and power to relocate Tenant's sign located upon such pylon structure, ifany, to
another location on such pylon structure, to be determined by Landlord, in the sole and absolute
discretion ofLandlord. The cost ofinstallation, the cost ofbringing electrical service to Tenant's
sign located upon the pylon structure, the sign itselfand any cost incurred by Landlord in
repairing or maintaining such sign shall all be the sole cost and expense of renant, and renant
shall indemnifz, defend, and hold Landlord harmless with respect to any claim, charge, expense,
or liability for same. Under no circumstances whatsoever will Tenant be allowed to iemove such
sign from the pylon structure without the prior written consent of Landlord. The placement of
any such sign upon the pylon structure, and the design and construction criteria therefor shall be
governed by such requirements of Landlord. Upon expiration or earlier termination of this
Lease, any sign advertising Tenant upon the pylon structure (if Landlord elects to erect any suchstructure) shall remain upon the pylon structure and be surrendered with the Leased Premises and
become the property of Landlord without credit or compensation to Tenant, unless Landlord
requires removal ofsuch sign, in which event Landlord shall remove the same at Tenant's
expense, and renant shall pay to Landlord upon demand, the cost of removing Tenanl's sign
from the pylon structure.
ARTICLE XXIX - SHORT FORM RECORDING
29.1 Ifrequired by the applicable statute and ifrequested by Tenant, there shall be
recorded in the Hillsborough county Registry of Deeds a Notice of this Lease that complies in
content and form with New Hampshire RSA Section 477 :7 -a. Landlord and Tenant shall execute
and deliver a Notice of Lease in such form for such purpose. If renant makes such a request,
Tenant shall also execute, in recordable form, an instrument setting forth the termination ofsuch
Notice of Lease, which shall be held in escrow by the New Hampshire attomey for Landlord,
Xxxxxx, Xxxxxxxx & Branch, Professional Association (the Landlord's Attorney"). In the event
of termination, cancellation or assignment ofthis Lease prior to the expiration of the term or
terms hereofas certified by Landlord to Landlord's Attomey and to Tenant, or ifrequested in
writing by Landlord's lender, the Landlord's Attomey shall be authorized to record such
termination.
34
ARTICLE XXX - NO BROKER
30.I The parties covenant that no broker was involved in any capacity in bringing
about the relationship evidenced by this Lease; and further agree that ifany claim on behalfof
any broker or agent is made or upheld, then the party against or through whom such claim rs
made shall defend (with counsel reasonably acceptable to the other party), indemnifi and hoid
the other harmless against any damages, costs or expenses in any way attributable to such claim,
including without limitation reasonable aftomey's fees.
ARTICLE XXXI - WARRANTIES AND REPRESENTATIONS OF TENANT
31.1 Tenant warrants and represents to Landlord that Tenant's enfance into this Lease
does not violate any other contracts, agreements, Leases or any other anangements ofany nature
whatsoever that Tenant has with any third parties.
31-2 Tenant represents and warrants to Landlord that Tenant (i) is a limited liability
company duly organized, validly existing under the laws of the state of its formation and is in
good standing under the laws of the state of its formation and the laws of the State of New
Hampshire, (ii) has paid all franchise and other taxes, ifany, required to maintain the existence
of renant and tax good standing, and (iii) is not the subject of voluntary or involuntary
proceedings for its dissolution.
ARTICLE XXXI - SUCCESSION
32.1 rhis Lease is binding upon and will inure to the benefit ofthe heirs, executors,
administrators, successors and permitted assigns ofthe parties hereto.
ARTICLE XXXIII - WAIVER
33.1 Any consent, express or implied, by Landlord to any breach by Tenant ofany
covenant or condition of this Lease will not constitute a waiver by Landlord ofany prior or
succeeding breach by Tenant ofthe same or any other covenant or condition ofthis Lease.
Acceptance by Landlord of Rent or other payment with knowledge of a breach ofor default
under any condition hereofby Tenant will not constitute a waiver by Landlord ofsuch breach or
default.
35
ARTICLEXXXIV - GOVERNING LAW
34.1 This Lease will be construed and interpreted exclusively in accordance with the
laws of tle State of New Hampshire.
34.2 Landlord shall be entitled to recover from Tenant its reasonable attorney fees for
any claim whether or not a lawsuit is filed, whether in law or equity, arising out of, under, or rn
connection with this Lease, or ofrenant's occupancy of the Leased premises, or any course of
dealing between the parties.
ARTICLE XXXV - COUNTERPARTS
35.1 rhis Lease may be executed in two (2) or more counter-parts, each of which will
be deemed an original and all collectively but one and the same agreement.
ARTICLE XXXVI - MODIFICATION; ENTIRE AGREEMENT; INFORMED EXECUTION
36.1 This Lease contains and embraces the entire agreement between the parties hereto
and no part of it may be changed, altered, amended, modified, limited or extended orally or by
agreement between the parties unless such agreement is expressed in writing and signed by
Landlord and renant or their respective successors in interest. Tenant has, as of thii day: (a) had
ample opportunity to consult with counsel iftheir choice regarding this transaction; (b)'had
ample opportunity to review with counsel the terms and provision so this Lease and related
documents; (c) understood and assented to the obligations imposed by this Lease and related
documents and (d) knowingly and willingly entered into this Lease and related documents.
ARTICLE XXXVII - SECTION HEADINGS
37 .1 The headings at the beginning of each of the Sections in this Lease are solely for
purposes ofconvenience and identification and are not to be deemed or construed to be part of
this Lease.
ARTICLE XXXIII - SEVERABILITY
38.1 Ifany term, clause or provision ofthis Lease is judged by a court ofcompetentjurisdiction to be invalid and/or unenforceable, the validity and/or enforceability ofany other
term, clause or provision in this Lease will not be affected thereby.
ARTICLE XXXIX - PARKING
39. 1 Tenant, its employees, agents and invitees, shall be entitled to park in thirty-six
(36) undesignated parking spaces in the paved parking lot surrounding the Building.
36
39.2 Tenant, its employees, agents and invitees, or any other party related to Tenant,
shall not park or store cars, trucks, trailers or other vehicles overnight in any of the parking areas
surrounding the Building or anywhere else on the Property.
39.3 Tenant acknowledges that Landlord will be reconstructing and repaving the
parking lot surrounding the Building and that its' right to specifrc parking spaces may be altered
by Landlord at Landlord's sole option during such work.
39.4 Tenant shall fumish to Landlord upon request a complete list oflicense numbers
ofall automobiles operated by Tenant, its employees, subtenants, licensees or concessionarres.
Tenant agrees that if any automobile or other vehicle owned by Tenant or any of its employees,
subtenants, licensees or concessionaires, or any oftheir respective employees, shall at any iime
be parked in any part ofthe Building, other than the specific areas designated by Landlord from
time to time for employee parking, Landlord shall be and is hereby authorized to cause such
automobile or other vehicle to be removed to such other location, either within or bevond the
Building. Tenant agrees to indemnify Landlord, its employees. and agents and holds each of
them harmless from any and all claims of whatsoever nature which miy arise by reason ofsuch
removal. Landlord may from time to time substitute for any parking area other areas reasonably
accessible to the tenants of the Building, which areas may be elevated, surface or underground.
ARTICLE XL _ GUARANTY
40.1 This Lease is to be guaranteed by Ultimate parent Entity ofTenant (the"Guarantor"). The "Ultimate Parent Entity" is the party to which the funds flow from the sale of
the products of Tenant and/or its ultimate parent, as it exists now or in the future, shall guarantee
the obligations ofTenant under this Lease and shall execute the Guaranty in the form oiE*hibit
D attached hereto.
40.2 In the event of a change in the Tenant or the Ultimate parent Entity , then
Tenant's obligations under this Lease shall guaranteed by the new Ultimate parent Entity, which
shall execute the Guaranty attached hereto as Exhibit D.
40.3 The obligation of the Guarantor is govemed by such Guaranty executed for the
benefit of the Landlord. Ifthere is more than one (1) Guarantor, the obligations are joint and
several. In the event that that there is a party to which the funds flow from the sale of the
products ofrenant and/or its parent, such party shall be liable for the obligations hereunder
whether or not the Guaranty has been executed.
ARTICLE XLI - LIMITATION OF LIABILITY; NON-RECOURSE TO LANDLORD
41.1 Notwithstanding anything to the contrary contained in this Lease, Tenant shall
look only to Landlord's ownership in the Building for satisfaction ofTenant's remedies for the
collection ofajudgment (or otherjudicial process) requiring the payment ofmoney by Landlord
in the event ofany default by Landlord hereunder, and no other property or assets of the partners,
affiliates or principals ofLandlord, disclosed or undisclosed, shall be subject to lely, execution
or the enforcement procedure for the satisfaction ofTenant's remedies under or with respect to
this Lease, the relationship ofLandlord and Tenant hereunder or Tenant's use or occupancy of
the Leased Premises. No personal liability or personal responsibility is assured by, nor shall at
any time be asserted or enforceable against Landlord, its partners, affiliates or i+s-principals, or
their respective heirs, legal representatives, suceessors and assigns on account of this Lease or
any covenart, underlaking, or agreement to Landlord contained herein. If any provision ofthis
Lease either expressed or implied obligates Landlord not to unreasonably withhold its consent or
approval, an action for declaratory j udgment or specific performance shall be Tenant's sole right
and remedy in any dispute as to whether Landlord has breached such oblisation.
ARTICLE XLII . INTERPRETATION
42.1 The captions ofthe Articles or Sections ofthis lease are to assist the parties in
reading this Lease and are not a part of the terms or provisions of this Lease. Whenever required
by the context of this Lease, the singular shall include the plural and the plural shall include the
singular. The masculine, feminine and neuter genders shall each include the other. In any
provision relating to the conduct. acts or omissions ofrenant, the term "Tenant" shall inClude
Tenant's agents, employees, contractors, customers, agents, invitees or successors. In addition,
in any provision relating to the conduct, acts or omissions ofTenant, the term "Tenant" shall also
include others using the Leased Premises with renant's permission. This Lease shall not be
construed more strictly against one party than against the other merely by virtue of the fact that it
may have been prepared by counsel for one of the parties, it being recognized that Landlord and
Tenant have contributed with the advice ofcounsel to the preparation of this Lease.
ARTICLE XLIII . RIGHT OF FIRST OFFER TO LEASE
43.1 Landlord grants to Tenant a Right ofFirst Offer to lease any and all space which
is adjacent to the Leased Premises (collectively, the "Adjacent Spaces") as it becomes available
for lease. Landlord shall notify Tenant in wdting of its intention to offer the Adjacent Spaces for
lease (the "Offered Space") and the lease price at which it will be offered which shalt be the
same amount that Landlord shall offer the Adjacent Spaces to any third party Such offer shall
(a) be in writing, (b) speci$ the part of the Offer Space being offered to Tenant hereunder (the
"Designated Offer Space"), and (c) specify the lease terms for the Designated Offer Space,
including the rent to be paid for the Designated Xxxxx Space and the date on which the
Designated Offer Space shall be included in the Leased Premises (the "Offer Notice"). Tenant
shall notif! Landlord in writing whether Tenant elects to lease the entire Designated Offer Space
on the terms set forth in the Offer Notice, within ten (t 0) days after Landlord delivers to Tenant
the Offer Notice. If Tenant timely elects to lease the Designated Offer Space, then Landlord and
Tenant shall execute an amendment to this Lease, within ten (10) days, effective as ofthe date
the Designated Offer Space is to be included in the Leased Premises, on the terms set forth in the
Offer Notice and, to the extent not inconsistent with the Offer Notice terms, the terms of this
Lease.
38
43.2 This Right of First Offer to lease shall only apply to any Adjacent Spaces within
the Building as it becomes available, and shall not apply to any other property owned by
Landlord, whether such property is offered separately or in combination with any Adjacent
Spaces within the Building. Tenant's rights under this Article shall terminate if (a) this Lease or
Tenant's right to possession ofany of the Leased Premises is terminated, or (b) Tenant assigns
any of its interest in this Lease or sublets any portion ofthe Leased Premises.
43.3 Evidence ofLandlord's satisfaction of its obligations under this Right ofFirst
Offer for Adjacent Spaces and the failure of the parties to reach an agreeable lease agreement
shall be evidenced by an afEdavit executed by Landlord, and third parties may rely upon such
affidavit without further investigation.
IN wITNEss WHEREOF, the parties caused this Lease to be executed as of the day and
year
00
XXXXX XX XXX XXXXXXXXX
XXXXXXX XX XXXXXXXXXXXX
The foregoing instrument was acknowledged befor" -e thiJ i
/'
d ay of . J(.tn(- ,
2014, by Xxxx X. Xxxxxxx, Xx., Manager of Century Park, L.L.C., aNew Hampshire limited
liability company, on behalf of said limited liability company.
STATE OF NEW HAMPSHIRE
COI-INTY OF i|tLi:i,dCpi,t (4*
Notary Seal or Stamp:
[Sign in Black Ink]
SAIIDRA RESaJ- NoFry Rdb
ily Coflmbsbn Epl|6 Aprll 10;2011
S lrDRARtrgAtr|8Rfr
iry @mnirdon Bpt|B f&i te)OtZ -
.
The foregoing instrument was ag[<nowledged belore *" thi, l9'iuy of
-tu n<_ ,2014,by Ke,.ie,. t\aa cl- (name), Manager_ ltirle), of InstrumenlAssociates LLC, a limited liability company organized under the laws of the state of New
Hampshire on behalf of said corporation.
[Sign in Black Ink]
eace/\lotary Public
XxxxxX;C of the Pfa=B€A{orary Public
My Commissio)rExpires:
Notary Seal or Stamp:
40
EXHIBIT A-I
Floor Plans
[Attached]
.:
l.r- A-l
:
I
EXHIBIT A-2
Legal Description
Certain real property, with the buildings and improvements located thereon, situate in the
Town of Xxxxxx, Hillsborough County, New Hampshire , more particularly bounded and
described as follows:
Lot 28 on a plan entitled "Xxxxxx Research & Industrial Park, Plan of Land in Xxxxxx,
New Hampshire", dated November 17, 1975, revised January 26, 1976 and March 17,1976,by
BSC of New Hampshire, recorded with Hillsborough county Registry of Deeds as plan No. 9062
and described as follows:
Beginning on the southerly side of Xxxxxxx Road-Route 1l I at the northeast xxxxx oi
Lot 27 on a circular curve with a radius of I 1,3 84. 19 feet being the northwest corner of the
herein described Lot; thence easterly along the southerly side of xxxxxxx Road-Route 1 I I and
said circular curve 100.98 feet to a point; thence continuing along the southerly side of Xxxxxxx
Road-Route 1l I N 8l'30' 30" E 159.09 feet to the westerly end ofa circular curve with a radius
of 32.40 feet at the southwesterly corner of the intersection of xxxxxxx Road-Route l l1 andwall Street; thence southerly along said circular curve and the southwesterly xxxxx ofthe
intersection of xxxxxxx Road-Route l1l and wa Street 42.54 feet to a p;int on the westerly
side of wall Street; thence along the westerly side of wall Street S 23o I j' 30,' E 211.30 feet io
the northerly end ofa circular curve with a radius of 108.10 feet; thence southeasterly along said
circular curve and the westerly side of wall Street 85.94 feet to a point; thence along the
southerly side of wall Street S 68o 48' 30" E 76.60 feet to the westerly end ofa cirirlar curve
with a radius of 3l.60 feet; thence southerly along said circular curve and the southwesterly side
of wall Street 4l.80 feet; thence along the westerly side of wall street S 06" 5g, 30- w 3s5.00
feet to the northerly end of a circular curve with a radius of25.00 feet at the northwesterlv corner
of the intersection of Xxxx Xxxxxx xxx Xxxxxx Xxxx Xxxxx: thence westerly along said circular
curve and the northwesterly xxxxx of the intersection of Xxxx Xxxxxx xxx Xxxxxx Xxxx Xxxxx
39.27 feet to a point; thence along the northerly side ofHudson park Drive N g3. 01' 30,' w
292.40 feet to the easterly end ofa circular curve with a radius of 175.00 feet; thence
southwesterly along said circular curve and the norlhwesterly side of Xxxxxx Park Drive 120.17
feet to a point; thence along the northwesterly side ofHudson park Drive s s7" 37' s4- w 77.3g
feet to Lot 20-c; thence along said Lot 20-c s 7gt ' 2l' 12" w 119.g6 feet to Lot 23; thence
along said Xxx 00 X 00" 45' 26" w 50.00 feet to the southerly end ofa circular curve with a
radius of 812.30 feet on the easterly side ofLot23;thence northerly along said circular curve
and the easterly side of Lot 23 123.4t feet; thence along said Xxx 00 X 00; 00' 00- X 0 X 5.94 t'eettoLot24;thencealongsaidLot24N0T'00'l2"w28l.68feettoLot25;thencealongsaidLot
25 and Xxx 00 X 00" 50' 43" E 340.76 feet; thence along said Lot 27 N g. 00' 02" w 20:. t q teet
to the point of beginning.
DC{IBITB
Landlord's Work
1. Landlord to replace and paint missing sheetrock in cafeteria.
2. Landlord to remove existing carpet in area shown on Exhibit X-x attached.
3. Landlord to steam clean and deodorize remaining carpet in Leased premises.
4- Landlord to install one (l) 3' x 7' exit door (with crash bar, if required by code)
for emergency exit and acc€ss to common area restrooms in rear of kased Premises as shown on
Exhibit B- I attached.
EXHIBIT B.1
Floor Plan
See attached
Exhibit B- I
Locrtiotr of3'X 7'atil door
to b. :r8tdlea
Lo(etio! ofslcetrork
10 b( replr$d & paiotqd
Xxx00xx x\xxxx0
XXXX 0X)?X 9<:f1
MAIN LEVEL
EXHIBIT B-2
Tenant's Work
The following has been completed at a cost of$20,000 from Tenant Improvement Loan:
l. Installation of approximately Five Thousand (5,000) square feet ofVCT tiles;
2. Miscellaneous elechical wiring and repairs;
3. Sealed and waxed tile floors; and
4. Miscellaneous repairs, labor and material disposal.
The amount of $5,000 from the Tenant Improvement Loan remains for some of the following:
1. Preparing ofwalls for painting and painting of interior premises;
2. Purchase and installation of interior doors;
3. Certain electrical upgmdes and life safety; and
4. Floor finishins.
L
EXHIBIT C
RULES AND REGULATIONS
Tenant will refer all contractors, contractor's representatives and installation technicians
rendering any service to Tenant to Landlord for Landlord's supervision, approval and
control before performance of any contractual service. This provision shall apply to all
work performed in the Landlord's Building and/or Property, including without limitation,
installations of telephones, telegraph equipment, electrical devices and attachments, and
other installations of any nature affecting floors, walls, woodwork, trim, windows, ceilings,
equipment or any other physical portion ofthe Landlord's Building and/or Property.
Without limiting the provisions of Article XXVIII of the Lease no signs, advertisements or notices
shall be painted or affixed on or to any windows or doors, or other parts ofthe Landlord's Building
and/or Property, except ofsuch color and size and style and in such places, as shall be first approved
in writing by Landlord. All signs will be contracted for by Landlord for Tenant at the rate fixed by
Landlord from time to time, and Tenant will be billed and pay for such services accordingly.
3. No portion ofthe Leased Premises or any part ofthe Landlord's Building and/or Property shall at
any time be used or occupied as sleeping or lodging quarters.
4. Tenant shall not place, install or operate in the Leased Premises or in any part ofthe Landlord's
Building and/or Property, an engine or machinery, or maintain, use or keep any inflammable,
explosive, or hazardous material without prior written consent of Landlord.
5. Landlord shall not be responsible for lost or stolen personal property, equipment, money orjewelry
from the Leased Premises or common area regardless ofwhether such loss occurs when the Leased
Premises is locked against entry or not.
6. No birds or animals shall be brought into or kept in or about the Landlord's Building and/or
Property.
7. Employees of Landlord shall not receive or carry messages for or to Tenant or other persons, nor
contract with or render free or paid services to Tenant or Tenant's agents, employees, or invitees.
8. The common areas, driveways, walkways, Ioading areas, entries, passages, doors, and hallways
shall not be blocked or obstructed; no rubbish, litter, trash, or material ofany nature shall be placed,
emptied or thrown into these areas; and such areas shall not be used at any time except for ingress
or egress by Tenant, Tenant's agents, employees, or invitees to or from the Leased Premises
9. Plumbing fixtures and appliances shall be used only for purposes for which constructed, and no
sweepings, rubbish, rags or other unsuitable material shall be thrown or placed therein. Damage
resulting to any such fixtures or appliances from misuse by Tenant shall be paid by Tenant, and
Landlord shall not in any case be responsible thereof.
10. Tenant shall not do, or permit anything to be done in or about the Landlord's Building and/or
Property or bring or keep anything therein, that will in any way ircrease the rate of fire or other
insurance on the Landlord's Building and/or Property, or oD property kept therein, or obstruct or
interfere with the rights of, or otherwise injure or annoy, other tenants, licensees or occupants, or
do anything in conflict with the valid pertinent laws, rules or regulations or any govemmental
authority.
11. Landlord desires to maintain the highest standards of environmental comfort and convenience for
the tenants and licensees. It will be appreciated if any undesirable conditions or lack of courtesy
or attention are roport€d dir€ctly to the maoagement.
12 In the event of any conflict between these rules and regulations and the provisions of a lease;
between the Landlord and the Tenant affected thereby, the terms ofsuch leose shall govem.
13. Landlord reserves the right to update these Rules and Regulations from time to time.
1.
EXHIBIT D
G U ARAN TY
FOR VALUE RECEIVED, and in consideration for, and as an inducement to
Landlord") to enter into the Lease Agreement
(with all Exhibits and fuders thereto. the "Lease") dated
with ("Tenant"), the undersigned,
("Guarantor", whether one or more), hereby
absolutely and unconditionally guarantees the full performance and observance of
all the covenants, duties and obligations (including, without limitation, the
obligation to pay all Rent and other sums) therein provided to be performed and
observed by Tenant, Tenant's heirs, executors, administrators, successors and
assigns (the phrase "heirs, executors, administrators, successors and assigns" not
altering any of the provisions ofthe Lease relating to assignment or subletting); and
Guarantor hereby makes himself fully liable for such performance.
Guarantor expressly agrees that the validity ofthis Guaranty and its obligations
hereunder shall not be terminated, affected or impaired by reason ofthe assertion by
Landlord against Tenant ofany of the rights or remedies reserved under the Lease.
Guarantor further covenants and agrees that this Guaranty and the full liability of
Guarantor hereunder shall remain and continue in full force and effect
notwithstanding the occurrence ofany one or more of the following types of
transactions: (i) any renewal, extension, modification or amendment ofthe Lease;
(ii) any assignment or transfer by Landlord; (iii) any assignment or transfer or
subletting by Tenant; (iv) death ofany pafty Tenant (who may be a natural person);
(v) any dissolution of Tenant (if Tenant is a corporation); or (vi) the fact that Tenant
(if Tenant is a corporation) may be a party to any merger, consolidation or
reorganization; provided however, ifTenant is a disappearing party in any such
merger, consolidation or reorganization, then Guarantor shall thereupon
automatically become primarily liable for the performance of all the covenants,
duties and obligations (including, without limitation, the obligation to pay all Rent
and other sums) of Tenant under the Lease. Landlord shall not be obligated to give
notice to Guarantor of the occurrence of any of the foregoing events.
Failure of Landlord to insist upon strict performance or observance of any ofthe
terms, provisions or covenants of the Lease or to exercise ofany right therein
contained shall not be construed as a waiver or relinquishment for the future ofany
such term, provision, covenant or right, but the same shall continue and remain in
full force and effect. Receipt by Landlord of Rent (or any other monetary sum or
acceptance of performance of any obligation of Tenant under the Lease) with
knowledse of fte breach ofanv orovision ofthe Lease shall not be deemed a waiver
2.
3.
4.
of such breach. Waiver by Landlord of any right of Landlord against Tenant under
the Lease shall not constitute a waiver as against Guarantor or in any other way
inure to the benefit of Guarantor (unless Landlord agrees in writing that the liability
of Guarantor under this Guaranty is thereby affected).
Guarantor further agtees that in any right of action which shall accrue to Landlord
under the Lease, Landlord may, at its option, proceed against Tenant alone (without
having made any prior demand upon Guarantor or having commenced any action
against Guarantor of having obtained or having attempted to satisfr any judgment
against Guarantor) or may proceed against Guarantor and Tenant, jointly or
severally, or may proceed against Guarantor alone (without having made any prior
demand upon Tenant or having commenced any action against Tenant or having
obtained or having attempted to satisfr any judgment against Tenant) or, in the case
of there being more than one Guarantor, may proceed against one or more
Guarantors (without having made any prior demand upon any other Guarantor or
having commenced any action against any other Guarantor or having obtained or
attempted to satisry any judgment against any other Guarantor).
Guarantor further covenants and agrees that if the Lease terminates and Landlord
has any rights it can enforce against Tenant after termination, Landlord may enforce
those rights against Guarantor prior previous notice to or demand upon Tenant
THIS GUARANTY SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW HAMPSHIRE
AND THE UNITED STATES OF AMERICA.
Guarantor specifically waives any notice of acceptance ofthis Guaranty by
Landlord.
Ifany obligation of Tenant under the Lease is secured, in whole or in part, by
collateral of any type Landlord may, from time to time, at its discretion and with or
without valuable consideration, allow substitution or withdrawal ofall or any part
ofsuch collateral or subordinate or waive any of its lien rights with respect to all or
any part ofsuch collateral or release all or any part ofsuch collateral, without notice
to or consent of Guarantor and without in any way impairing, diminishing or
releasing the liability of Guarantor under this Guaranty. Under no circumstances
shall Landlord be required to first resort to any collateral for any obligation of
Tenant as any nature of prerequisite or precondition to invoking or enforcing the
liability of Guarantor under tlis Guaranty'
5.
6.
7.
8.
o Guarantor acknowledges and represents to Landlord that Tenant executed the Lease
and Guarantor executed this Guaranty prior to the time that Landlord executed the
Lease. Guarantor acknowledges and agrees that the execution and delivery of this
Guaranty by Guarantor to Landlord has served as a material inducement to
Landlord to execute and deliver the Lease. Guarantor further acknowledges and
agrees that but for the execution and delivery ofthis Guaranty by Guarantor,
Landlord would not have executed and delivered the Lease.
Guarantor agrees that in the event that Tenant shall become insolvent or shall be
adjudicated a bankrupt, or shall file petition for reorganization, rearrangement or
other relief under any present or future provisions ofthe federal Bankruptcy Code,
or ifsuch a petition be filed by creditors of Tenant, or if Tenant shall seek a judicial
readjustment ofthe rights of its creditors under any present or future federal or state
law or ifa receiver of all or part of its property and assets is appointed by any State
or Federal court, no such proceeding or action taken therein shall modifu, diminish
or in any way affect the liability of Guarantor under this Guaranty and the liability
of Guarantor with rcspect to the Lease shall be of the same scope as if Guarantor
had executed the Lease as the named tenant thereunder. No rejection or termination
of tlle Lease in any of the proceedings refened to in this paragraph shall be effective
to release or terminate the continuing liability of Guarantor to Landlord under this
Guaranty with respect to the Lease for the remainder ofthe Lease Term stated
therein unaffected by any such rejection or termination in said proceedings; and if,
in connection with any ofthe circumstances refened to in this paragraph, Landlord
should request that Guarantor execute a new Lease for the balance of the term ofthe
Lease, but in all other aspects identical with the Lease, Guarantor shall do so as the
named "Tenant" under such new Lease (irrespective ofthe fact that the existing
Lease may have been "rejected" or "terminated" in connection with any
proceedings referred to in this paragraph). In the event of failure or refusal of
Guaxantor to execute such new Lease as herein provided, without limiting any of
the legal or equitable remedies of Landlord on account of such failure or refusal,
Guarantor agrees that Landlord shall have the right to obtain a decree of specific
performance against Guarantor.
All rights of Guarantor against Tenant arising by way of subrogation on account of
Guarantor's having performed some covenant, duty or obligation of Tenant under
the Lease shall be subject and subordinate to all of the rights of Landlord against
Tenant with respect to the Lease. Guarantor shall not exercise any such right of
Guarantor against Tenant until all of the covenants, duties and obligations of Tenant
under the Lease shall have been fully performed.
The stated rights of Landlord under this Guaranty shall be understood as not
excluding any other legal or equitable rights of Landlord against Guarantor not
expressly set forth herein, but shall be understood as being cumulative to all such
other legal and equitable rights of Landlord not expressly stated herein.
10.
11.
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t7.
Whenever this Guaranty is executed by more than one party as Guarantor, all
references herein to Guarantor shall refer to each and all ofthe undersigned parties
signing this Guaranty as Guarantor, and the liability ofsaid parties for the
performance of the covenants, duties and obligations of Guarantor hereunder shall
be j oint and several .
Should any portion ofthis Guaranty ever be held legally invalid or unenforceable,
the balance ofthis Guaranty shall not thereby be affected, but shall remain in full
force and effect in accordance with its terms and provisions.
All terms and provisions hereof shall inure to the benefit ofthe assigns and
successors of Landlord and shall be binding upon t}le heirs, executors,
administrators, successors and assigns of Guarantor.
In any action by Landlord seeking enforcement or interpretation of this Guaranty or
the Lease, Landlord shall be awarded, in addition to damages, injunctive or other
relief, its reasonable cost and expenses, and a reasonable attomey's fee as may be
fixed by the court having jurisdiction over the matter.
This Guaranty was renewed by Guarantor and Guarantor acknowledges and agrees
that Guarantor (a) understands fully all of the terms of this Guaranty and the
consequences and implications of Guarantor's acceptance of this Guaranty, and (b)
has been aflorded an opportunity to have this Guaranty renewed by and to discuss
the terms, consequences and implications with, an attomey or such other persons as
Guarantor may have desired.
EXECUTED in multiple counterparts, each of which shall have the force and effect ofan
original, on this the
_
day of
-_,-.
GUARANTOR
Address:
14.
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