FIRST AMENDMENT TO LEASE
THIS AGREEMENT, made and entered into this ____ day of
___________, 19__ by and between Xxxxxxx Industrial, LLC
(hereinafter "Landlord") and Radiant Systems, Inc., a
Corporation (hereinafter "Tenant"):
WHEREAS, Landlord and Tenant have entered into a certain Lease
Agreement dated November 11, 1997 (hereinafter referred to as the
"Lease") for Suite A, 6610 Shiloh Road East, containing 54,798
square feet (hereinafter "Premises") in the Xxxxxxx XXX Xxxxxxxx,
Xxxxxxxxxx, Xxxxxxx 00000;
WHEREAS, Landlord and Tenant desire to amend the Lease as
hereinafter set forth;
NOW THEREFORE, in consideration of the mutual agreements of the
undersigned and other good and valuable consideration, the Lease
is hereby amended effective the First Amendment Commencement Date
(as defined below) as follows:
1. By increasing the size of the Premises from 54,798 square feet
to 101,570 square feet. Please note the cross-hatched plan on
Exhibit "D-1" of this Agreement which delineates the location of
the added Premises. This change shall become effective upon the
First Amendment Commencement Date.
2. By modifying the base monthly rental set forth in Paragraph 2
of the Lease such that the new base monthly rental shall equal
"Forty Two Thousand Sixty Seven and 00/100 Dollars ($42,067.00)".
This change shall become effective upon the First Amendment
Commencement Date. Regardless of the First Amendment
Commencement Date, the Base Monthly Rental shall be increased on
every anniversary of the Commencement Date of the original Lease
(January 23, 1998) by 3% of the monthly rental due for the month
immediately preceding such anniversary, so as to guarantee a
monthly rental schedule as follows:
Beginning the First Amendment Commencement Date $42,067.00 per month or $4.97 per s.f.
Beginning January 23, 1999 $43,329.00 per month or $5.12 per s.f.
Beginning January 23, 2000 $44,629.00 per month or $5.27 per s.f.
Beginning January 23, 2001 $45,968.00 per month or $5.43 per s.f.
Beginning January 23, 2002 $47,347.00 per month or $5.59 per s.f.
Beginning January 23, 2003 $48,767.00 per month or $5.76 per s.f.
3. For the purpose of calculating Tenant's Proportionate Share
of common area maintenance, Tenant's share shall be adjusted to
reflect 101,570/101,570 square feet (100%).
4. By increasing Landlord's obligation to contribute toward the
improvement of the Premises so as to fund an additional
$300,000.00 upon Tenant's request above and beyond the
improvements described in Exhibit B of the Lease. Landlord is
also obligated to fund the cost of creating the additional
parking area depicted on Exhibit D-2 of this Agreement. In the
event Tenant requests and cost-approves improvements to the
Premises in excess of Landlord's $300,000.00 contribution, such
excess cost will be borne by Tenant and paid by Tenant 1/2 upon
commencement of construction and 1/2 upon occupancy. Landlord
agrees that the excess cost described herein shall not exceed
$143,000 based on construction documents by Xxxxx Cave &
Associates titled Radiant Systems Expansion sheets I-1 through
I-4, Job No. 9574.26 dated 8/14/98.
5. By extending the term of the Lease such that it will end
sixty (60) months after the First Amendment Commencement Date.
6. The First Amendment Commencement Date shall be October 1,
1998, or the date that Tenant takes occupancy of the added
Premises, whichever occurs last.
7. With respect to the added Premises, Landlord's obligation
under paragraph 5 of the original Lease shall commence as of the
First Amendment Commencement Date and shall continue for a period
of one (1) year.
8. Except as herein provided, all terms and conditions of the
Lease shall remain unchanged.
IN WITNESS WHEREOF, this First Amendment to Lease has been
executed as of the date and year first above written.
LANDLORD:
Xxxxxxx Industrial, LLC, a North Carolina
limited liability company,
Attest / Witness:
By: Childress Xxxxx Properties, Inc.,
its Manager
Title: By: Xxxx X. Xxxxxx, Vice President
TENANT:
Radiant Systems, Inc.
Attest / Witness:
Title: By: Xxxxxxx X. Xxxxxx
Its: Vice President
