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EXHIBIT 10.21
LEASE MODIFICATION AGREEMENT NUMBER ONE
THIS LEASE MODIFICATION AGREEMENT NUMBER ONE is made this 16th day of
November, 2000 by and between CHARTER CROWN PLAZA PARTNERS, L.P. herein called
"Landlord", and MIGRATEC INC., herein called "Tenant".
WHEREAS, by a lease dated April 12, 2000 (the "Lease"), Landlord did lease
to Tenant Suite 100 on the first (1st) floors(s) in Owner's office building
located at 00000 Xxxx Xxxx, Xxxxxx, Xxxxx 00000. Said space consists of
approximately 9,988 rentable square feet, is shown in Exhibit B attached to said
Lease, and is herein called the "Premises"; and
WHEREAS, the parties desire to expand the Premises and make certain changes
to said Lease.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants contained herein
and in said Lease the parties hereto agree as follows:
1. Expansion of Premises: Effective December 1, 2000, the Premises shall be
expanded by 2,325 rentable square feet (the "Expansion Premises") as
shown on Exhibit A attached hereto. The total rentable square footage of
the Premises shall be 12,313 rentable square feet.
2. Lease Term: Effective December 1, 2000, the Lease Term shall be extended
by seven (7) months such that the new termination date shall be February
28, 2004.
3. Base Rental: Effective December 1, 2000, the Base Rental shall be as
follows:
December 2000 through August 2000: $16,727.00 per month
September 2001 through February 2004: $18,470.00 per month
In addition, the rental charged for the Tenant's sign on the Building
shall be adjusted from $500.00 per month to $250.00 per month, effective
December 1, 2000.
4. Tenant Improvements: Tenant accepts Premises in "as is" condition.
5. Miscellaneous:
a. The provisions of this Lease Modification Agreement Number One shall
remain in full force and effect for the duration of the term of said
Lease.
b. Except as otherwise set forth herein, all of the terms and conditions
of said Lease shall remain in full force and effect, and shall remain
fully applicable to the Premises, throughout the duration of the term
of said Lease. Said Lease, as amended herein, constitutes the entire
agreement between the parties hereto, and no further modification of
said Lease shall be binding unless evidence by an agreement in
writing signed by Landlord and Tenant.
c. The captions and paragraph numbers appearing in this Agreement are
inserted only as a matter of convenience and in no way define, limit,
construe, affect or describe the scope or intent of the provisions in
this Agreement.
6. Execution Requirement; Counterparts; Telecopy. The submission by
Landlord to Tenant of an unsigned copy of this instrument for
examination, negotiation or signature does not constitute an option for,
or a representation by Landlord regarding, a prospective Modification.
This Modification shall be effective if and when (and only if and when)
it has been executed by Landlord and Tenant; however, counterpart
execution and delivery of a signed copy by telecopy transmission shall
be effective with regard to signing party(ies).
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LANDLORD:
CHARTER CROWN PLAZA PARTNERS, L.P.
a Texas limited partnership
By: Charter Crown Plaza Investments, L.P.,
its general partner
By: /s/ XXX X. XXXXXXXXX
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Xxx X. Xxxxxxxxx
President
Date: 11/27/00
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TENANT:
MigraTEC, INC.,
a Florida corporation
By: /s/ X. XXXXXX BRECHBUHL
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Name: X. Xxxxxx Xxxxxxxxx
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Title: PRESIDENT & CFO
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Date: 11/20/00
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EXHIBIT "A"
[FLOORPLAN]
CROWN PLAZA
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11494 XXXX ROAD, FARMERS BRANCH, TEXAS
BUILDING "B" - FIRST FLOOR
Managed and Leased By
XXXXXX COMMERCIAL
0000 XXXXX XXXX-XXXXX 000-XXXXXX, XX 75240-(972) 458-7585-FAX (000) 000-0000
NOVEMBER 14, 2000
