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SECOND AMENDMENT TO OFFICE LEASE

Office Lease Agreement

SECOND AMENDMENT TO OFFICE LEASE | Document Parties: QUIXOTE CORPORATION | TDC CANADA CORP | TDC Canada, Inc | WACKER GP, INC You are currently viewing:
This Office Lease Agreement involves

QUIXOTE CORPORATION | TDC CANADA CORP | TDC Canada, Inc | WACKER GP, INC

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Title: SECOND AMENDMENT TO OFFICE LEASE
Date: 9/15/2008
Industry: Security Systems and Services     Sector: Services

SECOND AMENDMENT TO OFFICE LEASE, Parties: quixote corporation , tdc canada corp , tdc canada  inc , wacker gp  inc
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Exhibit 10(e)

 

SECOND AMENDMENT TO OFFICE LEASE

 

This SECOND AMENDMENT TO OFFICE LEASE (this “Second Amendment”) is made as of the 30 day of July, 2007 by and between TDC CANADA CORP. , a Nova Scotia company and successor-in-interest to TDC Canada, Inc. and WACKER GP, INC. , a Delaware corporation (collectively, “ Landlord ”) and QUIXOTE CORPORATION , a Delaware corporation (“ Tenant ”),

 

WITNESSETH:

 

A.             Landlord and Tenant entered into a certain office lease (the “Original Lease”) dated August 30, 2003, whereby Landlord leased to Tenant certain premises (the “Original Premises”) consisting of 18,789 rentable square feet of office space on the eleventh (11 th ) floor (Suite 1100) of that certain office building located at 35 East Wacker Drive, Chicago, Illinois, for a lease term to expire on February 28, 2019.

 

B.             Landlord and Tenant entered into a certain First Amendment to Office Lease (the “First Amendment”) dated July 1, 2004, whereby Landlord leased to Tenant certain additional premises (the “First Additional Space”) consisting of 125 rentable square feet of office space located on the eleventh (11 th ) floor (Suite 1110) of the aforesaid building, for a lease term to expire on February 28, 2019. The Original Lease, as amended by the First Amendment, is hereinafter called the “Lease”.

 

C.             Pursuant to Section 28.1 of the Original Lease, Tenant has an option to lease certain expansion space located on the eleventh (11 th ) floor of the aforesaid building.

 

D.             Tenant desires to now lease all of such expansion space, but to use same for storage (and not general office) purposes, and Landlord is willing to now lease such expansion space to Tenant for storage purposes.

 

E.              Landlord and Tenant desire to amend the Lease and reflect the lease by Landlord to Tenant of all such expansion space, subject to the terms and conditions hereinafter set fourth.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree as follows:

 

1.              Definitions . Each capitalized term used in this Second Amendment shall have the same meaning as is ascribed to such capitalized term in the Lease, unless otherwise provided herein.

 

2.              Second Additional Space

 

(a)    Landlord leases to Tenant and Tenant leases from Landlord those certain premises (the “Second Additional Space”) consisting of 2,168 rentable square feet of office space located on the eleventh (11 th ) floor (Suite 1150) of the Building as shown on Exhibit A attached hereto. The Second Additional Space is leased for a lease tern commencing on August 1, 2007, and expiring on February 28, 2019, unless sooner terminated as provided in the Lease and subject to renewal as provided in Paragraph 2(e) below. Tenant may take occupancy of the Second Additional Space on or after the full execution of this Second Amendment. The Second Additional Space is leased upon all of the same terms and provisions as are contained in the Lease, except as otherwise provided in this Second Amendment or as may be inconsistent with the provisions of this Second Amendment. From and after the full execution of this Second Amendment, all references in the Lease to “Premises” shall mean and refer to the Original Premises, the First Additional Space, and the Second Additional Space, collectively.

 

(b)    Effective as of August 1, 2007, Tenant shall pay Base Rent for the Second Additional Space in the following amounts for the following periods:

 



 

SECOND ADDITIONAL SPACE (2,168 RSF)

 

PERIOD

 

MONTHLY
BASE RENT

 

ANNUAL
BASE RENT

 

ANNUAL BASE
RENT PER RSF

 

8/1/07-2/29/08

 

2,710.00

 

18,970.00

 

15.00

 

 

 

 

 

(7 Months)

 

 

 

3/1/08-2/28/08

 

2,800.33

 

33,603.96

 

15.50

 

3/1/09-2/28/10

 

2,890.67

 

34,688.04

 

16.00

 

3/1/10-2/28/11

 

2,981.00

 

35,772.00

 

16.50

 

3/1/11-2/29/12

 

3,071.33

 

36,855.96

 

17.00

 

3/1/12-2/28/13

 

3,161.67

 

37,940.04

 

17.50

 

3/1/13-2/28/14

 

3,252.00

 

39,024.00

 

18.00

 

3/1/14-2/28/15

 

3,342.33

 

40,107.96

 

18.50

 

3/1/15-2/29/16

 

3,432.67

 

41,192.04

 

19.00

 

3/1/16-2/28/17

 

3,523.00

 

42,276.00

 

19.50

 

3/1/17-2/28/18

 

3,613.33

 

43,360.00

 

20.00

 

3/1/18-2/28/19

 

3,703.67

 

44,444.04

 

20.50

 

 

(c)    Subject to paragraph 2(g) below, Tenant shall not be obligated to pay Additional Rent under Section 4.2 of the Original Lease for the Second Additional Space.

 

(d)    Landlord shall not be obligated to improve or, subject to Paragraph 2(g) below, provide Tenant with any allowance to improve, the Second Additional space.  By taking possession of the Second Additional Space hereunder, Tenant accepts the Second Additional Space as being in good order, condition and repair otherwise “As-Is”, “Where-Is” and will all faults, known and unknown.

 

(e)    Section 28.4 of the Lease shall apply to the Second Additional Space,   and Tenant shall have two (2) options to extend the Term for the Second Additional Space for five (5) years each, and, subject 2(g) below, the Base Rent payable for the Second Additional Space shall continue to increase during the applicable renewal term at the annual rate of $0.50 per rentable square foot of the Second Additional Space.

 

(f)     Section 28.5 of the


 
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