HomeMy WebLinkAboutMAU AMENDMENT 1
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AMENDMENT NO.1
TO
OFFICE LEASE AGREEMENT
BETWEEN
IVIANAGEMENT ANALYSIS AND UTILIZATION, INC.
("LANDLORD")
AND
AUGUSTA, GEORGIA
("TENANT")
By agreement of the parties the following amendment is made to the original Office Lease
Agreement by and between MAD, Inc. and Augusta, Georgia dated October 1,2005.
Paragraph LC is amended and replaced with the following:
1. C. "Premises" shall mean the area shown on amended Exhibit A to this Lease. The
Premises are located on the 3rd and 4th floors. The "Rentable Square Footage of the
Premises" is deemed to be 15,766 square feet. If the Premises include one or more floors in
their entirety, all corridors and restroom facilities located on such full floor(s) shall be
considered part of the Premises. Landlord and Tenant stipulate and agree that the Rentable
Square Footage of the Building and the Rentable Square Footage of the Premises are correct
and shall not be remeasured.
D. "Base Rent":
Months of Term
1-36
Annual Rate
Per Square Foot
$12.50
Annual
Base Rent
$197,075.00
Monthly
Base Rent
$16,422.92
E. "Tenant's Pro Rata Share": 31.53%
F. "Base Year": 2005.
G. "Term": A period of33 1/2 months. The Term shall commence on December 15, 2005
(the "Commencement Date") and, unless tenninated early in accordance with this Lease
or unless extended by Tenant, end on September 30,2008 (the "Termination Date").
However, if Landlord is required to Substantially Complete (defined in Section UIA)
any Landlord Work (defined in Section La.) prior to the Commencement Date under the
terms of a Work Letter (defined in Section La): (1) the date set forth in the prior
sentence as the "Commencement Date" shall instead be defined as the "Target
Commencement Date" by which date Landlord will use reasonable efforts to
Substantially Complete the Landlord Work; and (2) the actual "Commencement Date"
shall be the date on which the Landlord Work is Substantially Complete, as determined
by Section U1.A. In such circumstances, the Termination Date will instead be the last
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day of the Tenn as determined based upon the actual Commencement Date. Landlord's
failure to Substantially Complete the Landlord Work by the Target Commencement
Date shall not be a default by Landlord or otherwise render Landlord liable for damages.
Promptly after the determination of the Commencement Date, Landlord and Tenant
shall enter into a commencement letter agreement in the form attached as Exhibit C.
Tenant shall, at no monthly expense, be pennitted access to the Leased Premises prior to
occupancy for the purpose of installing phone and computer lines, moving furniture and
making other necessary preparations for occupancy during the month preceding the
commencement date of this Lease.
TIlis Amendment and the following anlended Exhibits C constitute the entire Amendment 1 to
the original lease by and between MAU, Inc. and Augusta, Georgia dated October 1,2005.
IN WITNESS WHEREOF said Landlord and Tenant have hereunto set their hands in duplicate, the day
and year first above written.
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Date:
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r William E. O'Neal
Management Analysis and Utilization, Inc.
Date: .
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