EXHIBIT 10.23
AMENDMENT TO LEASE #2
The Landlord, SANCTUARY OF BOCA, INC., and the Tenant, HIPPO, INC. in
consideration of the mutual covenants, conditions and promises set forth herein
hereby agree to modify and amend that certain Lease Agreement thereof dated
March 7, 1997 and Amendment to Lease #1 dated 8/1/97 for the premises described
as Suite 410 in the office building known as Sanctuary Office Tower ("Office
Building"), 000 X. Xxxxxxx Xxxxxxx, Xxxx Xxxxx, Xxxxxxx 00000 as follows:
1) The lease term for Suites 407 & 410 will be nine (9) months and sixteen
(16) days commencing March 16, 1998 and expiring November 30, 1998.
2) Paragraph 1.01 of the Lease entitled "Premises" will be amended as follows:
Suite 407: Approximately 1129 square feet
Suite 410: Approximately 1523 square feet
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Total: Approximately 2652 square feel
3) The rent will be as follows:
Suite 407:
March 16, 1998-March 31, 1998 $ 627.00 for the month of March plus tax
April 1, 1998-November 30, 1998 $1,176.50 per month plus FL Sales Tax
Initial Estimated Operating $ 540.98 per month plus FL Sales Tax
Expenses
Suite 410:
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March 1, 1998-November 30, 1998 $ 1,586.46 per month plus FL Sales Tax
Initial Estimated Operating $ 729.77 per month plus FL Sales Tax
Expenses
4) The following breakdown of the security deposit:
Suite 407:
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Security Deposit due at signing of amendment $ 3,434.06
Suite 410:
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Existing Security Deposit transferred from Lease
dated 3/7/97: $ 4,712.42
Eight (8) garage door openers deposit is
transferred from Amendment to Lease #1 dated
8/1/97 $ 400.00
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Total Security Deposit $ 8,546.48
5) The Tenant accepts the premises of Suite 407 in its existing as is
condition.
6) Except as otherwise provided herein, the Lease shall remain in full force
and effect.
IN WITNESS WHEREOF, the parties have hereunto set their hands and seals on the
day and year indicated below.
WITNESSES: LANDLORD: SANCTUARY OF BOCA, INC.
BY: /S/ Xxxxxx Xxxxxx
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Xx. Xxxxxx Xxxxxx
Title: Vice President
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Date: 2/2/98
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WITNESSES: TENANT: HIPPO, INC.
BY: /S/ Xxx Xxxxxxx
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Xx. Xxx Xxxxxxx
Title: President
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Date: 2/2/98
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