EXHIBIT 10.14(f)
1997 EXTENSION TO AMENDMENT TO SECOND EXTENSION OF LEASE
This 1997 Extension to Amendment to Second Extension of Lease (the
"Second Amendment") is made effective on the date of signing by both parties
by and between HOLYOKE SUPPLY COMPANY, INC., a Massachusetts corporation
with its principal place of business at 000-000 Xxxx Xxxxxx, Xxxxxxx,
Xxxxxxxxxxxxx 00000 (hereinafter referred to as "Landlord"), of the one
part, and DIELECTRIC POLYMERS, INC., a Massachusetts corporation having its
principal place of business at 000 Xxxx Xxxxxx, Xxxxxxx, Xxxxxxxxxxxxx 00000
(hereinafter referred to as "Tenant"), of the other part.
WHEREAS, the parties hereto are parties under an Indenture of Lease dated
November 1, 1984 (the "Indenture") as extended in accordance with its terms
by an Extension of Lease dated May 30, 1986 (the "Extension") a Second
Extension of Lease dated as of May 30, 1991 (the "Second Extension"); an
Amendment to Second Extension of Lease dated May 19, 1994 (the "Amendment");
and a 1995 Extension to Amendment to Second Extension of Lease dated October
19, 1995 (the "1995 Extension"); and
WHEREAS, pursuant to the 1995 Extension, the lease term expires on May
31, 1997, pursuant to Tenant's exercise of its option to extend the lease
term for six months from November 30, 1996; and
WHEREAS, the parties have agreed to extend the term of the lease for a
period of six (6) months, through November 30, 1997, and to provide a
six-month option to extend the lease;
NOW THEREFORE, the Landlord and Tenant hereby agree that all the
provisions of the Indenture, Extension, Second Extension, Amendment and the
1995 Extension (collectively the "Lease") are incorporated herein by
reference and shall remain in full force and effect through November 30,
1997 except as modified as follows:
1. Article I, Section 1 is amended in part to provide that the
premises demised to the Tenant on the Third Floor of building #1 at 000 Xxxx
Xxxxxx shall consist of the 17,000 square feet occupied by the Tenant at the
date of this Agreement.
2. Article II, Section 1 is amended in part to provide that the lease
shall be extended for a term of six (6) months, beginning June 1, 1997 and
ending November 30, 1997.
3. Article II, Section 2 is amended to provide that if the Tenant is
not in material default in any respect under the Lease at the time of its
giving of the notice described below, it shall have the right and option to
extend said lease for a term of six (6) months expiring May 31, 1998, on all
the same terms and conditions, including rent as set forth on paragraph 4
below. The Tenant, if it desires to exercise this option, shall do so by
giving the Landlord notice in writing of its intention to do so at least
ninety (90) days prior to December 1, 1997, such notice to be delivered by
certified mail, return receipt requested, at Landlord's principal place of
business. Except as otherwise provided, the term of this Lease shall be
automatically extended upon Landlord's receipt of Tenant's extension notice.
Tenant shall be in material default if there exists an "Event of Default" as
defined under Article XII, Section 1 of the Indenture.
4. Article III, Section 1 is amended to provide that rent for
Tenant's use of the entire Third Floor of the premises (17,000 square feet)
during the extended term shall be ONE DOLLAR and FIFTEEN CENTS ($1.15) per
square foot or NINETEEN THOUSAND FIVE HUNDRED FIFTY DOLLARS ($19,550) per
year payable in equal monthly installments of $1,629.17 in advance on the
first day of each and every month during the extended term and
proportionately at said rate for any partial month. The parties acknowledge
and confirm that the Tenant also continues to lease the entire Fourth Floor
of the premises on the terms described in paragraph 4 of the 1995 Extension.
5. Landlord and Tenant agree that all remaining provisions of said
Lease shall remain in full force and effect through the extended term except
to the extent that said terms are inconsistent with the provisions of this
Agreement.
WITNESS the execution hereof, under seal, in any number of counterpart
copies, each of which counterpart copy shall be deemed to be an original for
all purposes as of the day and year first written above.
DIELECTRIC POLYMERS, INC., TENANT
Dated: 3/26/97 By: /s/Xxxxxxxx X. Xxxxx
Its: President
HOLYOKE SUPPLY COMPANY, INC.,
LANDLORD
Dated: 3/24/97 By: /s/Xxxxxx X. Xxxxxxxxx
President
[exh1014f]
