Fourth Amendment to Lease Agreement between ParkerVision, Inc. and Jeffrey & Barbara Parker

Contract Categories: Real Estate › Lease Agreements
Summary

This amendment updates the lease agreement between ParkerVision, Inc. (Tenant) and Jeffrey and Barbara Parker (Landlord), originally dated March 1, 1992. The main change is the adjustment of the minimum basic rent for the second option period (March 1, 2002 to February 28, 2007) to $279,306 per year. All other terms of the original lease remain unchanged. The amendment is binding on the parties and their successors.

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EX-10.1 3 ex108-302.txt FOURTH AMENDMENT TO LEASE 10.8 FOURTH AMENDMENT TO LEASE AGREEMENT This FOURTH AMENDMENT TO LEASE AGREEMENT ("Amendment") dated effective this 28th day of February 2002, by and between ParkerVision, Inc., a Florida corporation ("Tenant") and Jeffrey Parker and Barbara Parker (collectively "Landlord"), amends that certain Lease Agreement dated March 1, 1992, as amended, by and between Landlord and Tenant (the "Lease"). Capitalized terms used herein and not otherwise defined shall have the same meaning ascribed to them in the Lease. Landlord and Tenant hereby agree as follows: 1. The Minimum Basic Rent during the second Option Period as set forth in Paragraph 5 of the Lease is hereby amended to read as follows: Option Period Basic Rent ------------- ---------- Second option period (3/1/2002 - 2/28/2007) $279,306 per year 2. Except as modified by this Agreement, the Lease and any prior amendments thereto shall remain unchanged and in full force and effect. 3. This Amendment shall be binding upon the heirs, administrators, successors, and assigns of the parties hereto. IN WITNESS WHEREOF, the Landlord and Tenant have executed this Amendment as of the date first written above. PARKERVISION, INC., a Florida corporation By: /s/ Richard L. Sisisky /s/ Jeffrey Parker ----------------------------- --------------------------- Name: Richard L. Sisisky JEFFREY PARKER ----------------------------- Title: President ----------------------------- /s/ Barbara Parker --------------------------- BARBARA PARKER 2