EXHIBIT 10.10
FOURTH AMENDMENT TO LEASE
THIS FOURTH AMENDMENT TO LEASE is made this 9th day of November, 2000, by and
between Xxxxx Bank N.A., as Trustee for the Multi-Employer Property Trust,
successor in interest to Xxxxx National Bank of Washington D.C., (the
"Landlord") and Applied Voice Technology, Inc., a Washington Corporation (the
"Tenant").
WHEREAS, Landlord and Tenant entered into a Lease Agreement dated June 30,
1989, as amended on August 16, 1990, amended by the Second Amendment to Lease
dated September 28, 1994 and Third Amendment to Lease dated May 28, 1997
(collectively referred to as the "Lease"), for Suites 100/200 in Building A-I,
located at 00000 XX 000xx Xxx, Xxxxxxxx, Xxxxxxxxxx 00000 (the "Premises"), as
more fully described in the Lease; and
WHEREAS, the current area of the Premises consists of 47,083 rentable
square feet, and Landlord and Tenant desire to expand the Premises, and to
modify the Lease accordingly;
NOW, THEREFORE, in consideration of the covenants and agreements contained
herein, the parties hereby mutually agree as follows:
1. The Premises is hereby expanded to include Xxxxx 000, 00000 XX 000xx
Xxx, Xxxxxxxx, XX, consisting of 5,083 rentable square feet
("Expanded Premises"), as shown on attached Exhibit A.
2. Effective February 1, 2000 the Monthly Base Rent as provided for in
Paragraph 2 of the Lease shall be adjusted as follows:
Previous Monthly Expanded Revised Monthly
Base Rent Premises Base Rent
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February 1,2001 to $56,225.00 $11,125.00 $67,350.00
January 31, 2002
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February 1,2002 to $56,225.00 $11,800.00 $68,025.00
January 31,2003
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3. Tenant agrees to accept the Premises in "as condition as set forth
in Paragraph I above, except that Landlord agrees to provide Tenant
with a Tenant Improvement allowance of $25,415.00.
4. Paragraph 17 of the Third Amendment to Lease shall be deleted in its
entirety.
5. Paragraph 19 of the Third Amendment to Lease shall be deleted in its
entirety.
6. Except as expressly modified above, all terms and conditions of the
Lease remain in full force and effect and are hereby ratified and
confirmed.
LANDLORD: TENANT:
Xxxxx Bank N.A. Applied Voice Technology Inc., a
as Trustee of the Washington Corporation
Multi-Employer Property Trust
By: /s/ [Illegible] By: /s/ Xxxxxxx X. xxXxxxxx
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Its: Managing Director Its: C.F.O.
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Exhibit "A"
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3
Building A-1
Total Square Footage 65,010
[BUILDING LAYOUT]
