Addendum to Lease Agreement Between Walnut Bridge Associates and ATX Telecommunications (March 1, 2000)
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Summary
This addendum, dated March 1, 2000, modifies the existing lease between Walnut Bridge Associates and ATX Telecommunications by adding 2,500 square feet of telecommunications space on the fourth floor to ATX's lease. The new lease term for this space runs from March 1, 2000, to December 31, 2002, with rent set at $19.55 per square foot, matching the rate for the fifth floor. The total leased space increases to 31,000 square feet, and the new annual rent is $437,525. The space is restricted to telecommunications or related equipment use.
EX-10.10 19 ex10-10.txt ADDENDUM 1 Exhibit 10.10 ADDENDUM TO LEASE BETWEEN WALNUT BRIDGE ASSOCIATES & ATX TELECOMMUNICATIONS DATED JANUARY 1, 1994 This addendum dated March 1, 2000 does hereby increase the space leased to ATX as follows: Effective March 1, 2000, ATX will add to its existing lease an additional 2,500 square feet of telecommunications space on the fourth floor. It is hereby agreed between the parties that this additional space on the fourth floor shall be added to the current lease as follows:
The new total leased space shall be 28,500 plus 2,500 or 31,000 square feet and the new yearly rental as of March 1, 2000 shall be $437,525 (or $36,450.42 per month).
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