Exhibit 10.14
SECOND AMENDMENT TO LEASE BY AND BETWEEN
JORANDCOR, INC. ("LANDLORD") AND
CODA MUSIC TECHNOLOGY, INC. F/N/A VIVACE, INC.,
SUCCESSOR TO CODA COMPANY, ("TENANT"),
DATED OCTOBER 23, 1992
THIS SECOND AMENDMENT TO LEASE is made as of the 30th day of June,
1997.
Landlord and Tenant are parties to that certain Lease Agreement dated
October 23, 1992, as amended by that First Amendment To Lease dated May 26,
1993, for certain property located in the City of Eden Prairie ("Lease").
WHEREAS, Tenant has exercised its option to renew the Lease as set
forth in paragraph 24 of the Lease ("Option"), extending the terms of the Lease
for a three (3) year period commencing December 1, 1997;
WHEREAS, the parties wish to set forth the base rent to be paid by the
Tenant to the Landlord from December 1, 1997 to November 30, 2000, and to
reaffirm all other terms and conditions of the Lease:
NOW, THEREFORE, in consideration of the premises and the agreements
herein contained, the Lease is hereby amended as follows:
1. The Termination Date as defined in the Lease shall be November 30,
2000.
2. The monthly base rent to be paid by Tenant to Landlord pursuant to
the terms of the Lease from December 1, 1997 to November 30, 2000 shall be paid
as follows:
a. From December 1, 1997 to November 30, 1998, $6,571.12 per month;
b. From December 1, 1998 to November 30, 1999, $6,702.75 per month;
c. From December 1, 1999 to November 30, 2000, $6,834.38 per month.
d. November 2000 rent shall be paid as follows:
(i) Tenant shall pay $1,953.38; and
(ii) The Security Deposit of $4,881.00 shall be applied
to the balance.
Landlord's agreement to apply the Security Deposit to the
November 2000 rent or the actual application thereof does not
constitute a waiver of any of Tenant's obligations under the
lease, nor is Tenant relieved of any obligations thereunder.
3. The rent for November 1997 shall be $5,821.87, and Landlord will
retain $4,881.00 as the security deposit required under the lease.
4. Except as expressly modified by this Amendment to the Lease, all
the other terms and conditions of the Lease, and any prior amendments thereto,
are hereby ratified and confirmed by the parties.
IN WITNESS WHEREOF, the undersigned have placed their hands the date
and year first above written.
LANDLORD: TENANT:
JORANDCOR, INC. CODA MUSIC TECHNOLOGY, INC.
By: /s/ Xxxxxxx X. Xxxxx By: /s/ Xxxx X. Xxxx
Its: President Its: Chief Financial Officer
