Addendum to Lease Agreement Between Monument Road Associates and ATX Telecommunications (January 1, 1998)
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Summary
This addendum to the lease agreement between Monument Road Associates and ATX Telecommunications, dated January 1, 1998, increases the leased office space by 1,844 square feet, bringing the total to 44,231 square feet. The additional space is leased under the same terms and conditions as the original agreement, with a termination date of January 30, 2004, and includes the same renewal option. The new rental rate is $20.54 per square foot, totaling $908,504.74 per year.
EX-10.4 13 ex10-4.txt ADDENDUM 1 Exhibit 10.4 ADDENDUM TO LEASE BETWEEN MONUMENT ROAD ASSOCIATES & ATX TELECOMMUNICATIONS DATED JANUARY 18, 1994 This addendum dated January 1, 1998 does hereby increase the space leased to ATX as follows: Effective January 1, 1998, ATX will add to its existing lease 1,844 square feet of office space on the third floor. It is hereby agreed between the parties that this additional space shall be added to the current lease on the same rate and terms and conditions, such that the lease for this additional space shall terminate January 30, 2004 and have the same renewal option as provided in said lease. The new total leased space shall be 42,387 plus 1,844 or 44,231 square feet and the rental as of January 1, 1998 is $20.54 per square foot or $908,504.74/yr or $77,708.73/mo.
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