AMENDMENT #2
TO
DEED OF LEASE
THIS AMENDMENT
#2 TO LEASE AGREEMENT (the "Amendment #2") is made as of the 18th
day of June 2009, by and between ePLUS, INC. ("Tenant"), and Norton
Building 1 LLC ("Landlord").
WHEREAS, the
Landlord is the owner of certain property, located in Fairfax
County, Virginia, with a street address of 13595 Dulles Technology
Drive, Herndon, Virginia (the "Property"), improved by a two-story
office building located thereon (the "Building"); and,
WHEREAS, the
Tenant and Landlord are parties to that certain LEASE AGREEMENT
dated as of December 23, 2004 (the “Lease”) and
AMENDMENT #1 dated as of July 1, 2007 (“Amendment #1”);
and,
WHEREAS, the
Tenant and Landlord desire to enter modify the Lease to provide for
the occupancy of the entire Premises for an additional five (5)
year term at its expiration on December 31, 2009, upon the terms
and conditions more particularly set forth herein.
NOW, THEREFORE,
the parties hereto, intending legally to be bound, hereby covenant
and agree as set forth below:
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The capitalized
terms contained in this Amendment #2 and not herein defined shall
have the same meanings as ascribed to them in the Lease.
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Section 1.1(b)
is modified to provide that Base Rent from and after January 1,
2010 shall be $21.50 per square foot, subject to
adjustment for actual 2009 operating expenses as provided in
Section 6 below and subject to annual increases as set forth in
Section 3.22.
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Section 1.1(d)
is modified to provide for a new Expiration Date of December 31,
2014.
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Section 3.1 is
modified to provide that the Base Rent as of January 1, 2010 shall
be $100,118.33 per month subject to adjustment for
actual 2009 operating expenses as provided in Section 6.
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