Lease with Cherokee Properties - Amendment 1, dated August 2005

Contract Categories: Real Estate - Lease Agreements
EX-10.18 11 leaseammendment1cpimena.htm EXHIBIT 10.18 leaseammendment1cpimena
LEASE AMENDMENT NO, 1 .H. This Lease Amendment No. 1 ("Amendment") is entered into as of the /<J day of ^UGrVS-T , 2005, between CHEROKEE PROPERTIES, me., a MissourTcorporation ("Landlord") and MAGNESIUM ELEKTRON NORTH AMERICA, JNC., a Delaware corporation ("Tenant"), for the purpose of amending the Lease Agreement between Landlord and Tenant dated August 13, 2003 ("Lease"). Unless otherwise specified herein, all capitalized terms used herein shall have meanings assigned to them in the Lease. WHEREAS, pursuant to the Lease, Tenant is currently occupying certain portions of the Property located at 1001 College Street, Madison, Illinois; and WHEREAS, Landlord and Tenant desire to amend the Demised Premises on the terms and conditions contained herein. For and in consideration of the premises, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. Landlord and Tenant agree as follows: 1. Demised Premises. Effective as of /3 _ ^-^-^T^, 2005 (the "Effective Date"), Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the Demised Premises, on the terms and conditions of the Lease, as herein amended. Accordingly, on the Effective Date, Article 1 shall be amended as follows: DEMISED PREMISES: The area of the Building labeled as the MEL Demised Premises on Exhibit A, attached hereto and incorporated herein, containing approximately 803,795 square feet, being: Building #5 336,025 Building #7 187,500 Building #8 90,000 Tower 1 6,000 Building #1 56,020 Building #4 67,500 Building #9 60.750 TOTAL: 803,795 As of the Effective Date, the Available Rental Area shall be follows: Building #6 307,400 Building^ 1,875 Building #2 15,000 Building #10 90.700 TOTAL: 414,975 STLD01-1I83451-1 55793/4

All references to "Shared Common Area" and "MEL Licensed Area" shall be deleted from the Lease as of the Effective Date. 2. Proportionate Share. Effective as of the Effective Date, Article 1 of the Lease is hereby amended as follows: PROPORTIONATE SHARE: 61.5%, a percentage equal to the square footage of the Demised Premises (803,795) divided by the square footage of the Property (1,308,145). 3. Binding Effect. Except as modified hereby, the Lease shall remain in full force and effect. If any inconsistency exists or arises between the terms of this Amendment and the terms of the Lease, the terms of this Amendment shall prevail. IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first above written. LANDLORD: TENANT: CHEROKEE PROPERTIES, INC. MAGNESIUM ELEKTRON NORTH AMERICA, WC. By: By: ^^- Name:^ C-A^:s 4. ^^-? < Naine:^^~*5i^^s-^ .3'^P^^flsr Title:_2<^Z^/£_Z- Titlej^>\-fvSw<^. Wp.^^^^vrA.S-oC-' r <^- /3^ ^^5- STLD01-1183451-1 55793/4

"A" CHEROKEE PROPERTIES MANUFACTURING FACILITf 1001 COLLEGE ST., MADISON, ILLINOIS MEL Demised Premises 803,795 sq.ft. Custom Steel Processing Premises 89,375 sq.ft, Available Rental Area 414,975 sq.ft, Total Area 1,308,145 sq.ft.