1
Exhibit 10.14(b)
LANVISION SYSTEMS, INC.
FIRST AMENDMENT TO LEASE BETWEEN FAIRVIEW PLACE ASSOCIATES LIMITED
PARTNERSHIP, LESSOR AND LANVISION, INC., LESSEE, DATED AUGUST 12, 1996
FIRST AMENDMENT TO LEASE BETWEEN
FAIRVIEW PLAZA ASSOCIATES LIMITED PARTNERSHIP, LESSOR
AND LANVISION, INC., LESSEE
THIS AMENDMENT, made and entered into this 12th day of August, 1996, by
and between FAIRVIEW PLAZA ASSOCIATES LIMITED PARTNERSHIP, Lessor, and
LANVISION, INC., Lessee;
WHEREAS, the parties hereto have previously entered into a Lease
Agreement, dated February 26, 1996, regarding 16,659 rentable square feet of
office space at 0000 Xxxxxxxx Xxxx, Xxxxx 000.
WHEREAS, the parties hereto desire to enter into this First Amendment to
Lease as hereinafter set forth:
1. RELOCATION: Lessee will relocate to Suite 700 of 5970 Fairview Road,
on October 1, 1996. Lessee's obligation for Suite 250 of 0000 Xxxxxxxx Xxxx
will be null and void at October 1, 1996.
2. NEW SQUARE FOOTAGE: The new square footage of Suite 700 is 3,770
rentable square feet (3,366 useable square feet).
3. LEASE TERM: The new term will begin October 1, 1996, and terminate
September 30, 1999.
4. TENANT IMPROVEMENTS: Lessor will provide the following improvements
at no cost to Lessee, per the floorplan, which is attached as Exhibit A:
a) Demolish and construct the walls necessary to achieve the attached
plan.
b) Provide and install the electrical outlets as noted on the plan.
c) Make all necessary Heating, Ventilation, Air Conditioning, lighting
and sprinkler adjustments.
d) Repair or replace any missing or damaged vertical exterior window
blinds
e) Provide and install 30 ounce building standard "Baritone Black"
carpet and matching carpet base throughout, except for the Server Room, and
the Break Room.
f) Vinyl Composition Tile in the Break and Server Room.
61
2
g) Paint walls throughout with Xxxxx "Polar Bear". Paint shelves with
semi-gloss "Polar Bear".
h) Install Wall mounted Oak cabinets above the existing base cabinets.
I) Install new laminate counter top on existing base cabinets.
j) Provide and install adjustable bracket shelving (to be pained), as
noted on Exhibit A.
k) Install laminate top counter as noted on Exhibit A.
l) Provide initial building keys and keycards.
m) Provide and install building standard suite entry and lobby
directory signage.
It is understood and agreed that these specifications and Exhibit A are
accepted and approved by Lessee, as attached. Lessee will provide the buildout
as noted, at no cost to Lessee. Should Lessee desire to make changes or
additions that result in additional costs, Lessor will provide a change order
with the additional costs noted for Lessee's approval before performing the
work, and Lessee will be responsible for those additional costs.
5: RENTAL CONCESSION: Lessee shall receive free rent on 460 rentable
square feet for the months of October, November and December 1996. The monthly
rental for that period will be $4,551.25. Full rental will begin January 1,
1997.
6. RENTAL RATE: The base rental rate for the new space will be $16.50
per rentable square foot. The new monthly base rental, effective October 1,
1996 will be $5,183.75.
7. RENTAL ESCALATIONS: The base rental will be escalated per the
original lease as specified in Paragraphs 11 and 12 on page 2 of the original
lease.
8. RELEASE OF 0000 XXXXXXXX XXXX, XXXXX 000: Upon completion of Suite
700, which will be on or before October 1, 1996, Lessee's rental obligation for
Suite 700 will begin, and Lessee's obligation for 0000 Xxxxxxxx Xxxx, Xxxxx 000
will be null and void.
9. SECOND RIGHT OF REFUSAL: Subject to Alamo Rent A Car's existing right
of 1st Refusal, Lessee will have 10 business days from notification from AAC
that another bonafide prospective tenant is interested in leasing the adjacent
785 rentable square feet, to indicate in writing, its intent to lease the space.
The expansion would be available to LanVision under the same terms and
conditions as offered to the bonafide prospective tenant. Failure to notice
Lessor in writing, constitutes refusal of the offer.
EXCEPT as hereinabove stated, the terms and conditions of the original
Lease shall remain in full force and effect.
WITNESS our hands and seals, this 12th day of August, 1996.
LESSOR: FAIRVIEW PLAZA ASSOCIATES LIMITED PARTNERHSHIP,
a North Carolina Limited Partnership, Its General Partner
62
3
By: Fairview Plaza Limited Partnership, Its General Partner
By: American Asset Corporation, Its General Partner
By: /s/ Xxxxx X. Xxxxx
---------------------------------
Xxxxx X. Xxxxx, Vice President
ATTEST:
By: /s/ Xxxx X. Xxxxxxxx
---------------------------------
Xxxx Xxxxxxxx, Assistant Corporate Secretary
(CORPORATE SEAL)
LESSEE: LANVISION, INC.
By: /s/ Xxxxxx X. Xxxxxxx
---------------------------------
Its Chief Financial Officer
---------------------------------
ATTEST:
By: /s/ Xxxx Xxxxxxxx
---------------------------------
Secretary
---------------------
(CORPORATE SEAL)
EXHIBIT A [FLOOR PLAN]
63
