Exhibit 10.1
FIRST AMENDMENT TO
LEASE
This First Amendment to Lease (the
“Amendment”) is dated this 2 nd day of June, 2009, by and between Horizon
West Property Management, Inc., a Colorado corporation
hereinafter referred to as “Landlord”, as agent for
Morgan Holdings LLC, GratefulDV LLC, and DNT Timberline Lakes LLC
(collectively, “Owner”), and Lionbridge US, Inc., a
Delaware corporation , hereinafter referred to as
“Tenant”. Mitchell M. Morgan (“Morgan”) is
the sole member of Morgan Holdings, LLC and David P. Veldman
(“Veldman”) is the sole member of GratefulDV, LLC.
Morgan and Veldman are real estate professionals and real estate
brokers licensed in the State of Colorado acting on their own
behalf.
RECITALS:
A. On or about the 23
rd day of December, 2008, Landlord and Tenant
entered into a lease agreement (the “Lease”) pertaining
to certain real property and improvements located at 760 Whalers
Way, Building C, Suite #110, in the City of Fort Collins, County of
Larimer, State of Colorado (the “Demised
Premises”).
B. Tenant desires to exercise its
option to renew the Lease for six (6) months in accordance
with the terms set forth in Article 11.20A of the Lease, and
Landlord and Tenant wish to amend the Lease to extend the term,
subject to the terms and conditions set forth herein.
NOW, THEREFORE,
in consideration of the mutual
promises, covenants and provisions set forth herein and for other
good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereto agree as
follows:
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1.
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The term of the
Lease shall be extended by six (6) months, commencing on
July 1, 2009 and expiring at 12:00 PM (Noon) on
December 31, 2009 (the “Extension
Period”).
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2.
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The Minimum
Rent during the Extension Period shall be Seven Hundred Fifty Eight
and 00/100 Dollars ($758.00) per month, commencing on July 1,
2009.
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3.
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Article 11.20A
“Option to Renew” is hereby deleted in its
entirety.
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4.
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All other terms
and conditions of the Lease, except as amended by this
Fir
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