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EXHIBIT 10.9
THIRD AMENDMENT TO LEASE
This Third Amendment to Lease is dated as of May 6, 1997 between ADVENT
REALTY LIMITED PARTNERSHIP II, a Delaware limited partnership with an address at
00 Xxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 ("Landlord"), and XXXXXXXXX
RESEARCH, INC., a Delaware corporation with an address at 0000 Xxxxxxxxxxxxx
Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxxxx 00000 ("Tenant").
WHEREAS, Landlord and Tenant have entered into a Lease dated as of May 1,
1995, a First Amendment to Lease dated as of August 28, 1995 and a Second
Amendment to Lease dated as of May 21, 1996, all with respect to the Building
(as so amended, the "Lease");
WHEREAS, on November 1, 1996 Tenant exercised its option to lease the
entire fourth floor of the Building; and
WHEREAS, Landlord and Tenant desire to add to the Premises the fourth floor
of the Building in accordance with the Lease and on the terms contained herein;
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, and in consideration of the mutual
covenants herein contained, Landlord and Tenant hereby agree as follows. Terms
not defined herein shall have the same meaning as in the Lease.
1. MEASUREMENT OF THE PREMISES. Effective May 6, 1997, Section 1.1 of the
Lease shall be amended by deleting the defined term "RENTABLE FLOOR AREA OF THE
PREMISES" and substituting therefor the following:
"RENTABLE FLOOR AREA
OF THE PREMISES:...................................... 63,946 Square Feet
Second Floor:........................................... 13,223 Square Feet
Third Floor:............................................ 13,223 Square Feet
Fourth Floor:........................................... 12,500 Square Feet
Fifth Floor:............................................ 12,500 Square Feet
Sixth Floor:............................................ 12,500 Square Feet"
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2. ANNUAL BASIC RENT. Effective May 6, 1997, Section 1.1 of the Lease
shall be amended by deleting the defined term "ANNUAL BASIC RENT" and
substituting therefor the following:
"ANNUAL BASIC RENT:
TIME PERIOD ANNUAL RATE CALCULATION
----------- ----------- -----------
June 12, 1995 through August 31, 1995.................... $ 293,019.65 $17.05 X 13,223 rsf+
$ 9.10 X 7,425 rsf
September 1, 1995 through December 11, 1995.............. $ 327,909.65 $17.05 X 13,223 rsf+
$ 9.10 X 7,425 rsf+
$15.00 X 2,326 rsf
December 12, 1995 through May 20, 1996................... $ 386,938.40 $17.05 X 20,648 rsf+
$15.00 X 2,326 rsf
May 21, 1996 through June 2, 1996........................ $ 861,938.40 $17.05 X 20,648 rsf+
$15.00 X 2,326 rsf+
$19.00 X 25,000 rsf
June 3, 1996 through May 5, 1997......................... $ 914,018.40 $17.05 X 20,648 rsf+
$15.00 X 5,798 rsf+
$19.00 X 25,000 rsf
May 6, 1997 through June 11, 1997........................ $1,170,268.40 $17.05 X 20,648 rsf+
$15.00 X 5,798 rsf+
$20.50 X 12,500 rsf+
$19.00 X 25,000 rsf
June 12, 1997 through June 30, 1997...................... $1,181,005.36 $17.57 X 20,648 rsf+
$15.00 X 5,798 rsf+
$20.50 X 12,500 rsf+
$19.00 X 25,000 rsf
July 1, 1997 through June 11, 1999....................... $1,195,906.22 $17.57 X 26,446 rsf+
$20.50 X 12,500 rsf+
$19.00 X 25,000 rsf
June 12, 1999 through January 31, 2001................... $1,207,013.54 $17.99 X 26,446 rsf+
$20.50 X 12,500 rsf+
$19.00 X 25,000 rsf
February 1, 2001 through June 8, 2001.................... $ 731,250.00 $20.50 X 12,500 rsf+
$19.00 X 25,000 rsf
June 9, 2001 through May 5, 2002......................... $ 256,250.00 $20.50 X 12,500 rsf"
3. PARKING. Effective May 6, 1997, Section 1.1 of the Lease shall be
amended by deleting the defined term "PARKING" and substituting therefor the
following:
"PARKING: Seventy-Three (73) spaces"
The parking plan attached hereto as Exhibit A shall effective such date be
substituted for the parking plan attached to the Second Amendment to Lease.
Except as expressly modified herein, all the terms and conditions of the
Lease shall remain in full force and effect and are hereby ratified and
confirmed.
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IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed in multiple counterparts under seal as of the date first above written.
Landlord:
ADVENT REALTY LIMITED PARTNERSHIP II
By: Advent Realty XX XX Limited
Partnership, its
General Partner
By: Advent Realty, Inc., its General
Partner
By: /s/ XXXXXX X. XXXXX
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Tenant:
XXXXXXXXX RESEARCH, INC.
By: /s/ XXXXXX X. COLONY
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Xxxxxx X. Colony, President
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EXHIBIT A
GRAYSTONE CORPORATION
0000 XXXXXXXXXXXXX XXXXXX PARKING ALLOTMENT
GARAGE PARKING OUTDOOR PARKING
---------------------------------------------- --------------------------------------------
SINGLE DOUBLE SINGLE DOUBLE
-------------- ------------------------------ ------------ ------------------------------
(13)
(59) Forrester (60) Forrester Forrester (14) Bentley (15) Bentley
DRIVEWAY
(12)
(61) Forrester (62) Forrester Forrester (16) Forrester (17) Forrester
(58) Forrester (11)
(63) Forrester (64) Forrester Forrester (18) Forrester (19) Forrester
(57) Forrester (10)
(65) Forrester (66) Forrester Forrester (20) Forrester (21) Forrester
(56) Forrester (9)
(67) Forrester (68) Forrester Forrester (22) Forrester (23) Forrester
(55) Forrester (8)
(69) Forrester (70) Forrester Forrester (24) Forrester (25) Forrester
(54) Dynasty (7)
(71) Forrester (72) Forrester Forrester (26) Forrester (27) Forrester
(53) Dynasty (73) Forrester (74) Forrester (6) DUMPSTER (28) Forrester (29) Forrester
(52) Forrester (75) Forrester (76) Forrester DUMPSTER (30) Forrester (31) Forrester
DOORWAY (77) Forrester (78) Forrester DOORWAY (32) Forrester (33) Forrester
(51) Forrester (5)
(79) Forrester (80) Forrester Forrester (34) Forrester (35) Forrester
(50) Forrester (4)
(81) Forrester (82) Forrester Forrester (36) Forrester (37) Forrester
(49) Forrester (3)
(83) Bentley (84) Bentley Forrester (38) Forrester (39) Forrester
(48) Forrester (2)
(85) Bentley (86) Bentley Forrester (40) Forrester (41) Forrester
(1)
Forrester (42) Forrester (43) Forrester
TRANSFORMER (44) Charrette (45) Charrette
(46) Charrette (47) Charrette
Xxxxxx Xxxxxxx, Inc. 2 out, 4 garage All Tandems 6
Charrette ProGraphics,
Inc. 4 out All Tandems 4
Dynasty Gallery Inc. 2 garage All Singles 2
Xxxxxxxxx Research, Inc. 40 out, 33 garage 21 Singles, 52 Tandems 73
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Tenant Total 46 out, 39 garage 85
Dumpster 2
Transformer 1
---
Total Number of
Spaces 88
May 15, 1997
