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Exhibit
10.3
SECOND LEASE
AMENDMENT
(Modified Premises and
Adjusted Rent)
This Amendment is to the Office Building
Lease and Addendum One and Addendum Two dated May 18, 1999
(the “Lease”), and the First Lease Amendment dated
May 11, 2004, by and between Lake Union Building LLC
(“Landlord”), and Insightful Corporation, formerly
known as Mathsoft, Inc. (“Tenant”). To the extent the
terms of this Amendment are inconsistent with the other terms of
the Lease, the terms of this Amendment shall control. Unless
specifically stated otherwise, all capitalized terms in this
Amendment shall have the same meaning ascribed to them in the
Lease.
1. MODIFIED PREMISES &
RENTABLE AREA:
The Premises and Rentable
Area are hereby modified as follows:
That portion of The Lake
Union Building containing approximately 976 square feet of Rentable
Area located on the first (1st) floor of the Building and
consisting of the space known as Suite 120;
That portion of The Lake
Union Building containing approximately 7,974 square feet of
Rentable Area located on the fourth (4th) floor of the
Building;
That portion of The Lake
Union Building containing approximately 12,544 square feet of
Rentable Area located on the fifth (5th) floor of the
Building.
The total Rentable Area of
the Premises is approximately 21,494 square feet.
All Rentable Area
measurements are calculated in accordance with the BOMA Standard
Method for Measuring Floor Area in Office Buildings (ANSI/BOMA
Z65.1-1996).
2. RENTAL RATE – LEASE TERM
EXTENSION PERIOD:
The rental rate during the
Lease Term Extension shall be the fully serviced rate charged
Tenant by Landlord per Rentable Square Foot (RSF) as set forth
below:
Extension Term - The rental
rate shall be as follows:
Suite 120
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Period
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Rate per RSF, annually |
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Monthly Rent |
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Months 1 – 36
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$ |
10.00 |
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$ |
813.33 |
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Months 37 – 42
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$ |
11.00 |
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$ |
894.66 |
Floors 4 &
5
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Period
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Rate per RSF, annually |
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Monthly Rent |
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Months 1 – 12
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$ |
20.00 |
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$ |
34,196.67 |
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Months 13 – 24
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$ |
21.00 |
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$ |
35,906.50 |
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Months 25 – 42
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$ |
21.50 |
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$ |
36,761.42 |
In the event of any conflict between the
terms of this Amendment and the Lease, the terms of this Amendment
shall prevail.
Second Lease Amendment –
Insightful Corporat
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