Addendum to Lease Agreement Between Walnut Bridge Associates and ATX Telecommunications (November 1, 1999)
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Summary
This addendum updates the lease between Walnut Bridge Associates and ATX Telecommunications, effective November 1, 1999. ATX is leasing an additional 2,500 square feet of telecommunications space on the fourth floor and 10,000 square feet of office space on the sixth floor. The terms for the new spaces include specific rental rates, usage restrictions, and lease periods ending December 31, 2002, with renewal options as in the original lease. The total leased space increases to 28,500 square feet, and the new annual rent is $377,950.
EX-10.9 18 ex10-9.txt ADDENDUM 1 Exhibit 10.9 ADDENDUM TO LEASE BETWEEN WALNUT BRIDGE ASSOCIATES & ATX TELECOMMUNICATIONS DATED JANUARY 1, 1994 This addendum dated November 1, 1999 does hereby increase the space leased to ATX as follows: Effective November 1, 1999, ATX will add to its existing lease an additional 2,500 square feet of telecommunications space on the fourth floor and 10,000 square feet of office space on the 6th floor. It is hereby agreed between the parties that this additional space on the fourth floor shall be added to the current lease at the same rate and terms and conditions, as stated on page two, such that the lease for this additional space shall terminate December 31, 2002 and have the same renewal option as provided in said lease. It is hereby agreed between the parties that this additional space on the sixth floor shall be added to the current lease as follows:
The new total leased space shall be 16,000 plus 12,500 or 28,500 square feet and the new yearly rental as of November 1, 1999 shall be $377,950.
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