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Lease Addendum > SECOND 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.
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Exhibit
10.22(c)
SECOND 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.
Whereas Lessee
desires to renew its above referenced lease, Lessor and Lessee
agree to the following changes and additions for a new lease
term.
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55.
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PREMISES: Premises
consist of 27,500 square feet of space.
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56.
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TERM:
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The term of the Lease shall
be for three (3) years, commencing August 1, 1999,
and ending July 31, 2002.
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57.
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RENT:
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Rent shall be
based on a NNN lease as per the following: First year - $1.25 per
square foot per month. Second year - $1.30 per square foot per
month. Third year - $1.35 per square foot per month.
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58.
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RIGHT TO RENEW LEASE:
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Lessee shall have the right
to renew this Lease for two 1 year periods. Lessee shall
give Lessor written notice of its intent to renew not less than 180
days prior to the expiration of the Lease Rent for the renewal
shall be as follows:
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First renewal - $1.40 NNN per square foot per
month.
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Second renewal - $1.45 NNN per s
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