Exhibit
10.22(b)
ADDENDUM TO
LEASE DATED JULY 6, 1994, BY AND BETWEEN H-K ASSOCIATES (LESSOR)
AND VIDEONICS, INC. (LESSEE) FOR PREMISES AT 1370 DELL AVENUE,
CAMPBELL, CALIFORNIA 95008.
The following
are additional terms and conditions to the above referenced
Lease.
48.
OPTION:
Lessee shall have the option to cancel the
lease after April 1, 1997, provided Lessee gives at least 180
day notice prior to cancellation.
49.
REPLACEMENT OF MAJOR EQUIPMENT:
Any
replacement of capital equipment by Lessor pursuant to paragraph
7.2 as well as, heating and air conditioning, shall be amortized
over the depreciable Life (of 10 years) of such equipment, and
Lessee shall pay his prorata share thereof based on the remaining
years of the Lease.
50.
STRUCTURE OF BUILDING:
With reference to paragraph 7.1 and 7.4 Lessee
shall not be responsible for repairs to the foundation, exterior
walls or the roof, unless damage is caused by Lessee.
51. TENANT
IMPROVEMENTS:
(a) Lessee shall accept the
premises in its present condition.
(b) Lessee shall construct
access to additional premises and install vinyl floor tile as
needed. Should any exiting changes be required, due to
Lessee’s use, at no time shall Lessee’s cost exceed
$15,000.00 total. Additionally, Lessor agrees to install one rear
exit door, if required, at Lessor’s expense.
52.
INSURANCE:
Lessor agrees to maintain the current
deductible and present coverage level for the premises through the
full term of the Lease.
53.
DEFINITIONS:
(a)
“Environmental Health and Safety Laws” means for
purposes of this Lease any and all federal, state, or local,
statutes, laws (including common or case law), regulations, or
governmental restrictions, mandates, or prohibitions, as in effect
and interpreted at any time during the term of the Lease or
thereafter, relating to human health (including without limitation
the safety and health of employees and the public) or environment
or to emissions, discharges, Releases or threatened Releases of
Hazardous Substances into the Environment, or the clean-up or other
remediation thereof or investigation or other response thereto.
(b)
“Hazardous Materials” means for purposes of this Lease
any pollutants, contaminates, petroleum, petroleum products,
chemicals, or industrial, toxic, caustic, radioactive, reactive,
explosive or hazardous substances or wastes as defined, without
limitation, by any Environmental, Health and Safety Laws.
