LEASE
Between
▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ LIMITED PARTNERSHIP,
as LESSOR
and
▇▇▇▇▇-▇▇▇▇▇ COMMUNICATIONS, INC.
d/b/a ▇▇▇▇▇-▇▇▇▇▇ COMMUNITY NEWSPAPERS, MASSACHUSETTS,
as LESSEE
DATED AS OF MARCH 20, 1990
This Lease, dated as of March 20, 1990 (this "Lease"), is by and between
▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ LIMITED PARTNERSHIP, a Massachusetts limited partnership
("LESSOR"), and ▇▇▇▇▇-▇▇▇▇▇ COMMUNICATIONS,
INC., a Delaware corporation d/b/a ▇▇▇▇▇-▇▇▇▇▇ COMMUNITY NEWSPAPERS,
MASSACHUSETTS ("LESSEE"). In consideration of the rent to be paid and the
covenants to be performed by LESSEE, LESSOR hereby leases to LESSEE, and
LESSEE
hereby leases from LESSOR, the Leased Premises (as hereinafter defined), upon
the terms and conditions hereinafter set forth,
1. LEASED PREMISES, (a) The leased premises, which are shown on the
plan annexed hereto as Exhibit A (the "Leased Premises"), are a portion of the
building owned by LESSOR and located at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ (the "Building"). The Building, together with the land
owned by LESSOR in connection with the Building, is hereinafter referred to as
the "Property," The Building contains approximately seventy-eight thousand six
hundred eighty (78,680) square feet of rentable floor area (the "Building
Rentable Floor Area"), and the Leased Premises comprise approximately twenty-
four thousand four hundred seventy-five (24,475) square feet on the first
floor
of the Building ("Lessee's Rentable Floor Area"), For purposes of this Lease,
the term "Lessee's Proportionate Share" shall mean that percentage calculated
by
dividing Lessee's Rentable Floor Area, as it may be changed by amendment to
this
Lease, by the Building Rentable Floor Area, Lessee's Proportionate Share as of
the date of this Lease is thirty-one percent (31%), It shall be LESSOR's sole
responsibility to ensure that the portion of the Leased Premises occupied by
Thermo Electron Company as of the date of this Lease is vacated in a timely
manner so as not to delay the Term Commencement Date (as defined in Section
4(a)
below).
(b) LESSEE shall have, as appurtenant to the Leased Premises, rights to
use in common with others entitled thereto, (i) those common facilities in the
Building, including common lobbies and walkways, and (ii) to the extent
described in Section l(c) below, the public parking facilities provided for
the
Building, LESSEE's use of the Leased Premises and the aforementioned
appurtenant
areas shall be subject to rules and regulations which have general
applicability
to tenants of the Building and of which Tenant is given notice (collectively,
the "Rules and Regulations"). The initial Rules and Regulations are annexed
as
Exhibit B to this Lease,
(c) LESSOR warrants that it will provide paved vehicular parking for the
Building, lighted from dusk until ▇▇▇▇, in the areas shown on Exhibit A
hereto,
LESSEE shall have the exclusive use of twenty (20) parking spaces in the front
of the Building, as shown on said Exhibit A. and such spaces will be
designated
by signage or
marking as being for LESSEE's sole use. LESSEE shall also have the non-
exclusive use of seventy (70) additional parking spaces in the parking area
located near the rear of the Building, which use shall be in common with other
tenants of the Buiding. However, such 70 parking spaces at the rear of the
Building shall include any spaces occupied by the trash dumpster described in
Section 3(c) hereof and any additional spaces utilized in connection with such
dumpster,
2. INITIAL CONSTRUCTION. (a) LESSOR shall use its best efforts to
complete, at its expense and prior to the Term Commencement Date (as defined
in
Section 4 below), the following work (collectively, the "Initial
Improvements"):
(i) the improvements, modifications and other work to the Leased Premises and
the Property described on the plan annexed hereto as Exhibit C (the "Plan")
and
(ii) the itemized list of above-standard buildout requirements described in
Exhibit D annexed hereto (the "Buildout List"). LESSOR agrees to complete the
Initial Improvements at its cost and expense, in a neat and workmanlike
manner,
and in compliance with the Plan and the Buildout List, LESSOR further
covenants
that all such work shall be carried out in accordance with the requirements,
orders, and limitations of all local, state or federal departments or bureaus
having jurisdiction over the Property, and upon completion the Leased Premises
may be used by LESSEE for the purposes set forth in Section 3(a) below, All
permits and licenses and the necessary insurance required in connection with
the
Initial Improvements are to be obtained and paid for by LESSOR.
(b) LESSOR shall complete, at its expense and prior to the Term
Commencement Date, the production and installation of the signage as shown on
Exhibit E annexed hereto, with the freestanding sign to be located as shown on
Exhibit A hereto. The cost of producing and installing such signage shall be
paid by LESSOR, but LESSEE shall reimburse LESSOR the amount of Five Thousand
Dollars ($5,000) as an additional payment on the Term Commencement Date,
3. USE OF LEASED PREMISES, (a) LESSEE shall use the Leased Premises
only for the purpose of manufacturing, sales and distribution of newspapers
and/or advertising publications and the like, but LESSEE shall not use the
Leased Premises for the printing of any newspapers and/or advertising
publications or the like, LESSEE shall not permit any use of the Leased
Premises
which will adversely affect or make voidable or increase the cost of any
insurance on the property of which the Leased Premises are a part, or any
insurance on the contents of said property, or which may be contrary to any
law
or regulation from time to time established by appropriate authorities or
casualty insurance underwriters (any such use being referred to as an "Adverse
Use"), LESSEE shall on demand reimburse LESSOR and all other tenants of the
Building for any extra insurance premiums caused by any Adverse Use. LESSEE
shall not vacate the Leased Premises or permit them to be unoccupied other
than during LESSEE's customary non-business days or hours, LESSEE shall
not be deemed to be in default or to have vacated the Leased Premises prior to
the end of the Term of this Lease notwithstanding that LESSEE has moved its
facilities from the Leased Premises, if LESSEE continues to pay rent and
perform
its other obligations under this Lease,
(b) No trade, occupation, or activity shall be conducted in the Leased
Premises or use made thereof which will be unlawful, improper, noisy or
offensive, or contrary to any status, regulation, or ordinance in force in the
city or town in which the Property is situated, No pet or other animal may be
kept in the Leased Premises. LESSEE shall keep all LESSEE's employees working
in the Leased Premises covered with Worker's Compensation Insurance, LESSEE
agrees to use reasonable care in preventing damage to heating, ventilation and
air conditioning equipment from harmful solvents, degreasers, chemicals, and
the
like, which may be used within the Leased Premises. No hazardous materials,
hazardous wastes and chemical wastes, as such terms are defined under local,
state and federal laws and regulations, shall be stored, treated or disposed
of,
or allowed to remain within the Leased Premises at any time except for those
chemicals and other materials which are actually used by LESSEE in the
production of photographic materials used in LESSEE's business operations.
LESSEE shall bear the sole responsibility for storing, handling and disposing
of
such chemicals in accordance with local, state and federal regulations,
including the procurement of any necessary permit or approval. LESSEE shall
be
solely responsible for any and all liabilities and damages associated with
LESSEE's failure to comply with the provisions of this Section 3(b).
(c) Without express written approval from LESSOR, no goods, equipment,
or things of any type or description shall be held or stored outside the
Leased
Premises at any time except for (i) personal motor vehicles used by LESSEE or
its employees or visitors (none of which shall be stored or kept outside the
Leased Premises for more than one night), (ii) not more than two (2) pieces of
equipment necessary for the handling of palletized materials (which shall be
stored or kept when not in use in one or more locations behind the Building as
may be specified by LESSOR) and (iii) a dumpster or a combination
compactor/dumpster with a capacity of not more than thirty (30) cubic yards to
service LESSEE's trash disposal needs, which dumpster (x) shall be placed near
the rear of the Building in such location as shall be reasonably specified by
LESSOR, (y) shall, if required by LESSOR, be covered and/or placed within an
enclosure approved by LESSOR to provide visual shielding of such dumpster
(provided, however, that any such requirement for an enclosure shall be
reasonably consistent with similar requirements imposed upon other tenants of
the Building), and (z) shall be emptied and maintained so as to comply with
LESSEE's other
obligations under this Lease. All costs associated with the dumpster,
including the cost of constructing and maintaining any enclosure and the cost
of
trash removal, shall be LESSEE's sole responsbility. Except as expressly
permitted by this Section 3(c), any such goods, equipment or things left or
stored outside the Leased Premises without LESSOR's prior written consent
shall
be deemed abandoned and may be removed by LESSOR if not removed as soon as
possible by LESSEE after notice by LESSOR. LESSEE agrees to pay all
reasonable
charges associated with said removal and any resulting storage or disposal,
(d) No curtains, blinds, shades, or screens, other than those furnished
by LESSOR, shall be attached to, hung in or on, or used in connection with any
exterior window, exterior door or exterior wall of the Leased Premises, if
same
shall be visible from the outside of the Building, without the prior written
consent of LESSOR, which consent shall not be unreasonably withheld. No sign
or
display of any kind shall be attached to, hung in or on, or used in connection
with any exterior window of the Leased Premises, and all window areas shall be
kept clear of any materials visible from the outside of the Building,
Notwithstanding the foregoing, LESSEE shall have the right to locate desks and
other furniture adjacent to such window areas even if such furniture is
visible
from the outside the Building. However, LESSEE shall keep all window areas in
a
neat and orderly fashion and shall not locate designated storage areas
adjacent
to the window areas of any exterior walls. LESSEE shall not be obligated to
obtain the approval of LESSOR for interior signs, except for those which may
be
located in common areas, and LESSEE shall not be obligated to obtain the
approval of LESSOR for drapes, curtains or the like if not visible from the
outside of the Building, Other than the signage described in Section 2(b) and
Exhibit E hereto, interior and exterior signs on doors or any exterior wall of
the Building, or any exterior freestanding sign, shall be painted, fabricated
and/or installed or affixed for LESSEE by LESSOR or at LESSOR's direction, at
the sole expense of LESSEE, and shall be of a size, color and style acceptable
to LESSOR in its sole judgment and discretion.
(e) LESSOR warrants and covenants that the Leased Premises may be used
for the purposes set forth in Section 3(a) above throughout the Term of this
Lease and any extension thereof.
(f) LESSOR warrants and covenants that it will not lease, or consent to
the assignment or subletting, or otherwise permit any other portion of the
Property to be used by any person or other entity whose business would be the
same as, or substantially similar to, any use permitted to be made by LESSEE
pursuant to Section 3(a) above,
4. TERM. (a) Base Term, The base term of this Lease (the "Base
Term") shall commence at 12:01 A.M. on July 5, 1990 (the 'Term
Commencement Date,) provided that (i) by March 16, 1990, LESSEE has
supplied its specifications for the Leased Premises to LESSOR and has
mutually agreed with LESSOR upon the Initial Improvements and (ii) by March
20,
1990 LESSEE has executed and delivered this Lease; and the Base Term shall
expire at midnight on August 31, 1995 unless sooner terminated pursuant to the
terms of this Lease. If the conditions set forth in the preceding sentence
have
not been satisfied as of March 16, 1990 and March 20, 1990, respectively, the
Term Commencement Date shall be postponed day by day until such conditions
have
been satisfied.
(b) Delay of Term Commencement Date, For purposes of this Lease, the
term "Ready For Occupancy" shall mean that point in time at which (i) the
Initial Improvements have been completed except for minor work such as would
be
reasonably expected to be noted on a routine punch list, (ii) the Leased
Premises are available for LESSEE's occupancy and (iii) if a Certificate of
Occupancy from the City of Waltham is required for the Leased Premises, the
Initial Improvements and the Leased Premises have satisfactorily passed those
inspections required for the issuance of such Certificate of occupancy (with
the
actual Certificate of Occupancy to be obtained as soon thereafter as possible
with diligent efforts), At least fifteen (15) days before the Term
Commencement
Date, LESSOR shall notify LESSEE whether the Leased Premises are expected to
be
Ready for Occupancy on the Term Commencement Date (the "Readiness Notice").
If
LESSOR states in such notice that the Leased Premises are not expected to be
Ready for Occupancy on the Term Commencement Date, the Term Commencement Date
shall be postponed until the later of the date specified by LESSOR in such
notice or that date which is fifteen (15) days after LESSOR shall have given a
new notice to LESSEE that the Leased Premises are Ready for Occupancy, If
LESSOR
is not able to deliver possession of the Leased Premises Ready For Occupancy
on
the Term Commencement Date, and LESSOR has failed to so notify LESSEE at least
fifteen (15) days prior thereto as set forth above, LESSEE shall not be
obligated to take possession on the Term Commencement Date but shall have the
option to postpone the Term Commencement Date for a period not to exceed
fifteen
(15) days from the date that LESSEE is notified that the Leased Premises are
Ready For Occupancy, If the Leased Premises are not Ready for Occupancy by
August 5, 1990, LESSEE shall have the option, exerciseable by notice given to
LESSOR by August 10, 1990, to terminate this Lease.
(c) Extension Terms, Subject to the provisions set forth below in this
Section 4(b), LESSEE shall have the right and option to extend the term of
this
Lease beyond the Base Term for two additional and separate terms of three (3)
years each (the "Extension Terms") unless and until this Lease shall be sooner
terminated pursuant to its terms. The first Extension Term shall commence on
the date immediately succeeding the expiration date of the Base Term and shall
end at midnight on the day immediately preceding the third anniversary of such
commencement date (the "First Extension Term"), The second Extension Term
shall
commence
on the date immediately succeeding the expiration date of the First
Extension Term and shall end at midnight on the day immediately preceding the
third anniversary of such commencement date (the "Second Extension Term"),
(d) Exercise of Option for Extension Terms, At least fifteen
(15) months before the end of the term then in effect, LESSEE shall give
notice to LESSOR whether LESSEE intends to exercise its option for the First
Extension Term or the Second Extension Term, as the case may be, If LESSEE
gives
notice of its intent to exercise such option (the "Extension Notice'), LESSOR
shall designate the Base Rent for the First Extension Term or Second Extension
Term, as the case may be, and the estimated Additional Rent for the first year
thereof, by notice given to LESSEE (including information to support such
designation of Base Rent) at least fourteen (14) months before the end of the
term then in effect, Such Base Rent shall be determined as set forth in
Section 5(b) below, and Additional Rent shall be estimated by calculating, to
the extent
practicable, the Additional Rent that would have been payable during the
annual
period preceding the Extension Notice if the provisions of Section 6(c) below
had been applicable to such period. Within one (1) month after receipt of
such
notice, LESSEE shall give notice to LESSOR (the "Reply Notice") whether LESSEE
accepts such Base Rent, but if LESSEE does not accept it, LESSEE shall include
with the Reply Notice the data and information supporting LESSEE's
determination
of such Base Rent, If LESSOR and LESSEE are not able thereafter to agree on
such
Base Rent, LESSEE shall have the option, exerciseable by notice to LESSOR at
least one (1) year before the end of the term then in effect, (i) to withdraw
and cancel the Extension Notice (in which event LESSEE shall have no option to
extend the Term of this Lease) or (ii) have such Base Rent determined by
arbitration as set forth in Exhibit F annexed hereto (in which event this
Lease
shall be extended for the First Extension Term or the Second Extension Term,
as
the case may be, and no other instrument of renewal need by executed.
(e) Other Conditions for Extension Terms. If LESSEE fails to give the
Extension Notice to LESSOR as specified in Section 4(d) above, LESSEE shall
have
no option to extend the Term of this Lease, In addition, if an Event of
Default
under this Lease shall have occurred and be continuing either at the time of
the
Extension Notice or at any time thereafter during the Base Term or any
Extension
Term, LESSOR shall have the option, exercisable by notice to LESSEE, to
terminate such option, whereupon such option shall be void and of no further
force or effect, If LESSEE does not exercise its option to extend the Term of
this Lease for any Extension Term as provided in Section 4(d), or if such
option
is terminated as provided herein, then LESSOR shall have the right during the
remainder of the Base Term or first Extension Term, as the case may be, to
advertise the availability of the Leased Premises for reletting.
5. BASE RENT. (a) No Base Rent shall be payable for the first month
of
the Base Term, Thereafter, (i) for the next fifty-eight (58) months, LESSEE
shall pay LESSOR, as base rent for the Base Term, the sum of Two Hundred
Eighty-
One Thousand Four Hundred Sixty-Two and 50/100 Dollars ($281,462.50) per year,
payable in advance in equal monthly installments of Twenty-Three Thousand Four
Hundred Fifty-Five and 20/100 Dollars ($23,455.20), (ii) for the 60th month,
no
Base Rent shall be payable, and (iii) for the 61st and 62nd months, the Base
Rent shall be Twenty-Six Thousand Five Hundred Fourteen and 60/100 Dollars
($26,514.60), in each case on the first day in each calendar month, The first
monthly payment of Base Rent shall be prorated for any portion of a month at
the
commencement of the term.
(b) LESSEE shall pay LESSOR, as annual base rent for any Extension Term,
an amount equal to the greater of (i) Thirteen Dollars ($13,00) per square
foot
of Lessee's Rentable Floor Area, or (ii) the fair market rental value of the
Leased Premises as determined in accordance with paragraph (a) of Exhibit F
hereto, The payments of base rent required pursuant to this Section 5 are
referred to in this Lease as "Base Rent," and all payments of Base Rent and
Additional Rent (as defined in Section 6 below) shall be made to LESSOR in
immediately available U.S. dollars at Eight ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇,
▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, or at such other place as LESSOR shall from time to time
designate in writing.
6. ADDITIONAL RENT. (a) LESSEE shall pay LESSOR, as additional
rent, Lessee's Proportionate Share of the real estate taxes (or other
payments
imposed by governmental authorities in the nature of or in lieu of real estate
taxes) or betterments assessments levied against the Property, and LESSEE
shall
make such payment to LESSOR within twenty (20) days after notice from LESSOR
that any installment of such taxes or betterments assessment has been paid to
the appropriate taxing authority. Any such payment shall be prorated if this
Lease terminates before the end of the tax period to which such payment
relates.
(b) LESSEE shall also pay LESSOR, as additional rent, (i) during the
first three (3) years after the Term Commencement Date, a monthly management
fee
equal to five percent (5%) of the Base Rent payable for such month by LESSEE,
(ii) thirty-one percent (31%) of LESSOR's payments under service contracts
with
independent contractors for services to the Building or the Leased Premises,
provided that LESSEE's obligations under this clause (ii) shall not exceed One
Thousand Five Hundred Dollars ($1,500) per year, and (iii) Lessee's
Proportionate Share of LESSOR's expenses for electricity, gas, water, and
sewer
use charges not separately chargeable to other tenants of the Building.
(c) During any Extension Term, LESSEE shall pay LESSOR, as additional
rent, Lessee's Proportionate Share of Lessor's Operating Expenses for any
calendar year during such Extension Term, prorated for any portion of a
calendar
year occurring at the beginning and end of such Extension Term, For purposes
of
this Lease, the term "Lessor's Operating Expenses" shall mean those expenses
of
LESSOR not separately chargeable to tenants of the Building and incurred in
connection with the operation and maintenance of the Property, including: (1)
electricity, water, gas, sewer and other utility charges not separately
chargeable to tenants; (2) cost of maintenance and repairs, including
engineering services, landscaping, grounds maintenance and snow removal; (3)
payments under the service contracts with independent contractors, including
security service; (4) payments for management services of not more than five
percent (5%) of collected base rents from the Property; and (5) the cost of
maintaining insurance on the Property.
(d) Any additional rent payments due by LESSEE shall be made within
twenty (20) days after LESSOR shall have given LESSEE notice thereof,
accomplished by a reasonable accounting, where applicable, of the
determination
of such additional rent.
(e) The payments of additional rent required pursuant to this Section 6
are referred to in this Lease as "Additional Rent").
7. NET LEASE: LATE PAYMENT. This Lease is intended to be a net lease,
and the payments of Base Rent and Additional Rent by LESSEE shall be made
without any offset, abatement or deduction whatsoever except as may be
expressly
provided for under the terms of this Lease, LESSEE shall pay interest at an
annual rate of eighteen (18) percent, from the date due, for any installment
of
rent or other payment which is not received by LESSOR within seven (7) days
after said due date.
8. OCCUPANCY. (a) If LESSEE takes possession of the Leased Premises
prior to the Term Commencement Date, LESSEE will perform and observe all of
LESSEE's covenants from the date upon which LESSEE takes possession. LESSEE
shall not remove LESSEE's goods or property from the Leased Premises other
than
in the ordinary and usual course of business, without having first paid and
satisfied LESSOR for all rent and other sums which may be due as of the date
of
any such removal. If LESSEE continues to occupy or control all or any part of
the Leased Premises after the agreed termination date of this Lease without
the
written permission of LESSOR, all other terms of this Lease shall continue to
apply except that LESSEE shall be liable to LESSOR for any and all loss,
damages
or expenses incurred by LESSOR caused by such holding over, and rent shall be
due on a prorated, per diem basis at a rate of one hundred fifty (150) percent
of the Base Rent and Additional Rent which would otherwise be due under this
Lease, LESSEE's control or occupancy of
all or any part of the Leased Premises beyond midnight on the last day of
any monthly rental period shall constitute LESSEE's occupancy.
(b) For purposes of this Lease, LESSEE will not be deemed to have taken
possession of the Leased Premises if, prior to the Term Commencement Date, (i)
LESSEE causes to have telephone wires and/or computer wires or the like
installed throughout the Leased Premises, or (ii) LESSEE causes telephone
equipment or computer equipment to be installed in the computer room as shown
on
Exhibit C hereto. LESSEE shall have a right of access for such installation
beginning June 5, 1990.
9. UTILITIES. LESSOR shall provide equipment sufficient to heat and
cool the Leased Premises so that normal warm and cool temperatures are
maintained throughout the Leased Premises, twenty-four (24) hours a day, seven
(7) days a week. LESSEE shall have access to all utilities servicing the
Building, specifically including but not limited to water, heat and
electricity,
twenty-four (24) hours a day, seven (7) days a week. In addition, LESSOR
agrees
to provide outside lighting (including the parking area) and lighting in the
common areas serving the Leased Premises so that said areas are lighted from
dusk until ▇▇▇▇, The Leased Premises shall be separately metered for
electricity
usage within the Leased Premises, and if permitted by the applicable utility,
LESSEE shall pay directly to the such utility all charges for electricity and
gas used in the Leased Premises, If the applicable utility does not permit
such
direct payment, LESSEE shall pay LESSOR the amount of such charges within ten
(10) days after delivery to LESSEE of the applicable invoice for such charges
from such utility, Except in an emergency situation, no plumbing, electrical,
heating, ventilation or air conditioning work of any type shall be done
without
LESSOR's approval and the appropriate municipal permit and inspector's
approval,
Sewer for domestic type sanitary purposes (only) and water shall be supplied
by
LESSOR, and the cost thereof shall be included in Lessor's Operating Expenses
(as defined in Section 6(c) hereof.
10. MAINTENANCE OF PREMISES. LESSOR will be responsible for all
structural maintenance of the Leased Premises and for the normal maintenance
of
all heating and cooling equipment, doors, locks, plumbing, electrical wiring,
and the parking areas and exterior lighting fixtures but specifically
excluding
damage caused by the careless, malicious, willful, or negligent acts of LESSEE
or its agents, employees or visitors, LESSEE agrees to maintain at its expense
all other aspects of the Leased Premises in the same condition as they are at
the commencement of the term or as they may be put in during the term of this
Lease, normal wear and tear and damage by fire or other casualty only
excepted.
Whenever necessary, LESSEE shall replace light bulbs, plate glass and other
glass therein, acknowledging that the Leased Premises are in good order and
the
light bulbs and glass whole as of the Term Commencement
Date, LESSEE shall ensure that the Leased Premises and are kept in a neat
and clean condition, depositing all waste in appropriate receptacles, and
LESSEE
shall be responsible, at its expense, for the cleaning of the Leased Premises
and the removal of all its trash and waste from the Property, LESSEE shall not
permit the Leased Premises to be overloaded, damaged, stripped or defaced, nor
suffer any waste, Any increase in air conditioning equipment or electrical
capacity, or any mechanical maintenance which is necessitated by some specific
aspect of LESSEE's use of the Leased Premises shall be at LESSEE's expense
unless included within the Initial Improvements or unless otherwise agreed to
in
writing by LESSOR, All maintenance provided by LESSOR shall,. to the extent
practicable, be accomplished during normal business hours.
11. ALTERATIONS DURING THE TERM: GENERAL STANDARDS. (a) LESSEE shall not
make structural alterations or structural additions of any kind to the Leased
Premises, but may make non-structural alterations provided LESSOR consents
thereto in writing, which consent shall not be unreasonably withheld, delayed
or
qualified, and the consent of LESSOR will be deemed given unless, within ton
(10) days after receiving a request for approval, LESSOR responds in writing
to
the contrary, Notwithstanding the foregoing, LESSEE shall have the right,
without the consent of LESSOR but only after notice to LESSOR, to make non-
structural alterations provided the alterations do not adversely affect the
Building's appearance, its structural integrity, the Building systems, or
other
tenants, and the costs of any such alteration is less than Five Thousand
Dollars
($5,000,00), All such allowed alterations shall be at LESSEE's expense and
shall
be in quality at least equal to the general standard within the Building, If
LESSOR performs any services for LESSEE in connection with such alterations or
otherwise, LESSOR's reasonable expenses related thereto shall be promptly paid
after invoicing by LESSOR, LESSEE shall not permit any mechanics' liens or
similar liens to remain upon the Leased Premises in connection with work of
any
character performed or claimed to have been performed at the direction of
LESSEE
and shall cause any such lien to be released or removed forthwith without cost
to LESSOR. Any alterations or improvements shall become part of the real
estate
and the property of LESSOR unless otherwise agreed to in writing by LESSOR at
the time such alternatives or improvements are made (those alterations or
improvements agreed to as belonging to LESSEE being referred to as "Lessee's
Alterations"). Any alterations completed by LESSOR shall be 'building
standard"
unless noted otherwise, LESSOR shall have the right at any time to change the
arrangement of parking areas, stairs, walkways or other common areas of the
Building so long as (i) said changes do not adversely affect or impact the
business operations of LESSEE, (ii) the number of parking spaces provided for
LESSEE under this Lease is not reduced and the location of the twenty (20)
parking spaces in the front of the Building is not changed, and (iii) access
to
the Leased Premises is not impaired or made materially less convenient.
(b) All construction work required or permitted by this Lease, whether
by LESSOR or LESSEE, shall be done in a good and workmanlike manner and in
compliance with all applicable laws and all lawful ordinances, regulations and
orders of governmental authorities and insurers of the Building, Any such work
being performed by or on behalf of LESSEE shall be coordinated with any work
being performed by LESSOR and in such manner as to maintain harmonious labor
relations and not to damage the Property (specifically including the computer
system) or interfere with Building operation and, except for installation of
furnishings, shall be performed by a general contractor licensed in
Massachusetts or by other contractors or workmen, in each case first approved
by
LESSOR. LESSOR's approval shall not be unreasonably withheld, delayed or
qualified and shall be deemed given unless LESSOR responds in writing to the
contrary within ten (10) days after reasonable information on such contractor
or
workmen has been supplied to LESSOR. Except for work by LESSOR's general
contractor, LESSEE, before its work is started, shall (i) secure all licenses
and permits necessary therefor; (ii) deliver to LESSOR a statement of the
names
and business addresses of all its contractors and subcontractors and the
estimated cost of all labor and material to be furnished by them; (iii) cause
each contractor to carry workmen's compensation insurance in statutory amounts
covering all of the contractor's and subcontractor's employees, together with
comprehensive public liability insurance with limits of at least $2,000,000
comprehensive single limit and property damage insurance with limits of at
least
$500,000 (all such insurance to be written insuring LESSOR AND LESSEE as well
as
the contractors); and (iv) deliver to LESSOR certificates of all such
insurance,
LESSOR agrees that no such certificate shall be required in connection with
LESSEE's initial leasehold improvements in the Leased Premises.
12. ASSIGNMENT OR SUBLEASING. (a) LESSEE shall not assign this Lease or
sublet or allow any other firm or individual to occupy the whole or any part
of
the Leased Premises without LESSOR's prior written consent, which consent
shall
not be unreasonably withheld or delayed so long as (i) such assignment or
sublease shall be for a term expiring on or before the expiration of the Term
of
this Lease then in effect, (ii) LESSEE shall have disclosed to LESSOR the
financial terms of the proposed sublease or assignment and (iii) LESSEE shall
have provided LESSOR with such information on the proposed assignee or
sublessee
as LESSOR Shall have reasonably requested, and LESSOR shall have determined,
in
its judgment reasonably exercised, that the use of the Leased Premises by the
proposed assignee or sublessee is not incompatible with the other uses in the
Building and that the proposed assignee or sublessee is at least as
creditworthy
as LESSEE was on the Term Commencement Date, In lieu of giving its consent,
LESSOR shall have the option to enter into a direct lease with the proposed
sublessee or assignee on substantially the same terms and conditions as are
contained in this Lease, except for rent, which shall be as set forth in
LESSEE's
disclosure of financial terms to LESSOR, LESSOR shall exercise such option
by notice given to LESSEE within three (3) weeks after the information
described
in clause (iii) above has been supplied to LESSOR, but in no event shall
LESSOR
be required to exercise such option until one (1) week after the information
described in clause
(ii) above has also been supplied to LESSOR, If LESSOR exercises such
option, this Lease shall terminate on the effective date of such new
lease, If
LESSOR does not exercise such option, LESSEE shall be entitled to proceed with
its sublease or assignment, but only with the same party and on the same terms
and conditions as were disclosed to LESSOR.
(b) If LESSEE enters into a sublease as permitted under Section 12(a)
above, LESSEE and any guarantor of this Lease shall remain liable to LESSOR
for
the payment of all rent and for the full performance of the covenants and
conditions of this Lease unless released from such obligations by LESSOR in
writing, Without LESSOR's consent, but only after at least ten (10) days
advance
notice to LESSOR, LESSEE may assign this Lease or sublet all or any portion of
the Leased Premises to or permit occupancy of the Leased Premises to or permit
occupancy of the Leased Premises or any portion thereof by, an affiliated
person
or affiliated entity. For purposes of this Section, the term affiliated
person"
shall mean any person who ▇▇▇▇▇ more than a twenty-five percent (25%) interest
in LESSEE, and the term 'affiliated entity" shall mean any corporation or
other
entity which, directly or indirectly, controls or is controlled by, or is
under
common control with, LESSEE, The term "control" means the possession, directly
or indirectly, of the power to direct or cause the direction of the management
and policies of another entity through ownership of voting securities.
13. SUBORDINATION. This Lease shall be subject and subordinate to any
and all mortgages and other instruments in the nature of a mortgage, now or at
any time hereafter secured by the Property or any portion thereof, and LESSEE
shall, when requested, promptly execute and deliver such written instruments
as
shall be necessary to show the subordination of this Lease to said mortgages
or
other such instruments in the nature of a mortgage, provided that (i) the
mortgagee or holder of any other instruments in the nature of a mortgage shall
execute a non-disturbance agreement in favor of LESSEE to provide that in the
event of the foreclosure of such mortgage, LESSEE's rights under this Lease
shall not be affected so long as LESSEE continues to pay the rent provided for
in this Lease and otherwise complies with the terms and provisions hereof, and
(ii) the lien of such mortgage shall not cover any of LESSEE's personal
property
or any of the LESSEE's fixtures, furnishings, alterations or improvements
which
LESSEE is permitted to remove from the Leased Premises pursuant to the terms
of
this Lease, In confirmation of such subordination, LESSEE shall execute
promptly
any agreement which LESSOR or its mortgagee may request with respect
thereto, If LESSEE fails, neglects or refuses to do so within seven (7)
days after written request therefor from LESSOR or the mortgagee, LESSOR shall
have the right and is hereby authorized to execute any such instrument on
behalf
of LESSEE.
14. LESSOR'S RESERVATIONS AND ACCESS, (a) LESSOR reserves the right from
time to time, without unreasonable interference with LESSEE's use of the
Leased
Premises and upon at least twenty-four (24) hours telephonic or written notice
in non-emergency situations: (i) to install, repair, replace, use, maintain
and
relocate for service to the Leased Premises and to other parts of the
Building,
pipes, ducts, conduits, wires and appurtenant fixtures wherever located in the
Building, and (ii) to alter or relocate any other common facility, provided
that
the substitutions are substantially equivalent to or better than such common
facility before its alteration or relocation, Installations, replacements and
relocations referred to in this Section shall be located, to the extent
practicable, in the core areas, above ceiling surfaces, below floor surfaces
or
within the perimeter walls of the Building.
(b) LESSOR or agents of LESSOR may at reasonable times enter to view the
Leased Premises and may remove any signs not approved and affixed as herein
provided, and may make repairs and alterations which LESSEE is required but
has
failed to do, and may show the Leased Premises to others within one year prior
to the end of the term of this Lease unless LESSEE's option with respect to
the
Expansion Space has been exercised and is in effect under the terms of this
Lease.
15. LIABILITY: INSURANCE. (a) From and after the date upon which LESSEE
takes occupancy, LESSEE shall be solely responsible as between LESSOR and
LESSEE
for deaths, personal injuries or property damage occurring in or on the Leased
Premises (including any extension thereof) from whatever cause arising out of
the use, control, condition or occupation of the Leased Premises by LESSEE;
and
LESSEE agrees to indemnity and save harmless LESSOR from any and all
liability,
reasonable expense, direct (but not consequential) damage, causes of action,
suits, claims or judgments caused by or in any way arising out of any such
matter, except for death, personal injuries or property damage resulting from
the negligence of LESSOR or its agents. LESSOR agrees to indemnify and hold
LESSEE harmless from any and all liability, reasonable expense, direct (but
not
consequential) damage, causes of action, suits, claims or judgments caused by
LESSOR's negligence or the negligence of its agents or employees. LESSEE will
secure and carry at its own expense a comprehensive general liability policy
insuring LESSEE and LESSOR against any claims arising out of the matters
described in the foregoing sentence, such policy to insure LESSEE and LESSOR
against any claim up to Three Million ($3,000,000) Dollars in the case of any
one accident involving bodily injury (including death), and up
to One Million ($1,000,000) Dollars against any claim for damage to
property, LESSOR shall be included in such policy as a named insured, LESSEE
will promptly file with LESSOR certificates showing that such insurance is in
force, and thereafter will file renewal certificates prior to the expiration
of
any such policies, All such insurance certificates shall provide that such
policies shall not be cancelled or the coverage thereunder reduced without at
least ten (10) days prior written notice to each insured named therein.
(b) Unless caused by the negligence of LESSOR or its agents or
employees, LESSOR shall not be held liable to anyone for loss or damage caused
in any way by the use, leakage, seepage or escape of water from any source, or
for the cessation of any service rendered customarily to said premises or
buildings, or agreed to by the terms of this Lease, due to any accident, to
the
making of repairs, alterations or improvements, to labor difficults, weather
conditions, or mechanical breakdowns, to trouble or scarcity in obtaining
fuel,
electricity, service or supplies from the sources from which they are usually
obtained for the Building, or to any cause beyond LESSOR's immediate control.
(c) If the Leased Premises are rendered untenantable for a period of
three (3) or more consecutive days due to the unavailability of utility
services
to be provided by LESSOR, then LESSEE shall be entitled to a pro-rata
abatement
of rent until such time as said services are restored.
l6. FIRE, CASUALTY, EMINENT DOMAIN. If a substantial portion of the
Leased Premises or the Property is substantially damaged by fire or other
casualty, or is taken by eminent domain, LESSOR shall have the option to
terminate this Lease by giving notice of termination to LESSEE within thirty
(30) days after such casualty or taking has occurred. When such fire,
casualty,
or taking renders the Leased Premises unsuitable for their intended use, a
just
and proportionate abatement of rent shall be made; and LESSEE may elect to
terminate this Lease if (a) LESSOR fails to give written notice, within thirty
(30) days after such casualty or taking has occurred, of its intention to
restore the Leased Premises, or (b) LESSOR fails to restore the Leased
Premises
to a condition substantially suitable for their intended use within ninety
(90)
days after such casualty or taking. LESSEE's election must be exercised by
notice given to LESSOR within twenty (20) days after the expiration of such
30-day or 90-day period, as the case may be. LESSOR reserves all rights for
damages or injury to the Leased Premises and for any taking by eminent domain,
except for any award or proceeds directly attributable to LESSEE's fixtures,
equipment or other tangible personal property.
17. EVENTS OF DEFAULT: REMEDIES. (a) The occurence of any one or more of
the following shall be an Event of Default under this Lease:
(i) LESSEE shall default in the payment of rent or any other sum due
under the provisions of this Lease and such default shall continue for seven
(7) days after written notice thereof (provided, however, that LESSEE shall
not be entitled to any such notice after notice has been given with respect
to two other payment defaults within the prior twelve-month period);
(ii) LESSEE shall default in the observance or performance of any of
LESSEE's other covenants, agreements, or obligations under this Lease, and
such
default shall continue for fifteen (15) days after written notice thereof,
provided, however, that if LESSEE has begun to cure such default within such
15-day period and continues thereafter to attempt to cure such default with
diligent efforts, LESSEE shall have such additional period of time, not to
exceed an additional fifteen (15) days, as shall be required to cure such
default;
(iii) LESSEE vacates the Leased Premises or permits them to be unoccupied
in the normal conduct of LESSEE's business for more than ten (10) consecutive
days (or six (6) consecutive months so long as LESSEE continues to pay all
rent and perform all of its other obligations under this Lease); or
(iv) LESSEE shall be declared bankrupt or insolvent according to law, or
if any assignment shall be made of LESSEE's property for the benefit of
creditors.
(b) During the continuance of an Event of Default, LESSOR shall have the
right (i) without demand or further notice, to re-enter and take complete
possession of the Leased Premises and to remove and store LESSEE's effects, at
LESSEE's expense and without being guilty of any manner of trespass and
without prejudice to any other remedies LESSOR may have, and (ii) upon notice to
LESSEE, to declare the term of this Lease ended, in which event the entire
balance of Base Rent which would otherwise accrue under this Lease (the "Rent
Balance") shall become immediately due and payable. However, if LESSEE pays
the Rent Balance to LESSOR, and if during the remainder of the term then in
effect.
LESSOR relets the Leased Premises or any portion thereof, at the end of such
term LESSOR shall credit and pay LESSEE the amount of Base Rent paid to
LESSOR with respect to the Leased Premises during the remainder of such term,
after deducting all LESSOR's expenses in connection with such reletting,
including, without limitation, all repossession costs and brokerage
commissions, LESSEE agrees that LESSOR in its sole discretion may relet the
Leased Premises or any portion thereof, for a term or terms which may at
LESSOR's option be equal to or less than or exceed the period which would
otherwise have constituted the balance of the applicable term, and for such
consideration or rent as LESSOR solely shall determine, Although LESSOR
agrees to use reasonable efforts to relet the Leased Premises, LESSOR shall
have no liability or obligation to LESSEE in the event the Leased Premises
or any portion thereof are not relet.
(c) LESSOR, without being under any obligation to do so and without
thereby waiving any Event of Default, may, however, remedy same for the
account
and at the expense of LESSEE, If LESSOR pays or incurs any obligations for the
payment of money in connection therewith, including but not limited to
reasonable attorney's fees in instituting, prosecuting or defending any action
or proceeding, such sums paid or obligations incurred plus interest at the
rate
of eighteen (18) percent per annum and costs, shall be paid to LESSOR by
LESSEE
as additional rent, Any sums received by LESSOR shall be applied first to any
unamortized improvements completed for LESSEE's occupancy, then to offset any
outstanding invoice or other payment due to LESSOR, with the balance applied
to
outstanding rent, Notwithstanding the foregoing, LESSEE agrees to pay
reasonable
attorney's fees incurred by LESSOR in enforcing any and all obligations of
LESSEE under this Lease at any time.
(d) No consent or waiver, express or implied, by LESSOR, to or of any
breach of any covenant, condition or duty of LESSEE shall be construed as a
consent or waiver to or of any other breach of the same or any other covenant,
condition or duty,
18. SURRENDER. LESSEE shall at the expiration or other termination of
this Lease remove all of LESSEE's goods and effects from the Leased Premises.
LESSEE shall deliver to LESSOR the Leased Premises and all keys and locks
thereto, and other fixtures and equipment connected therewith, and all
alterations, additions and improvements made to or upon the Leased Premises
(except for Lessee's Alterations, as defined in Section 11(a) hereof),
including
but not limited to any permanent partitions, floor coverages (including
computer
floors), plumbing and plumbing fixtures, air conditioning equipment and duct
work of any type, exhaust fans or heaters, burglar alarms, telephone wiring,
wooden or metal shelving which has been bolted, welded or otherwise attached
to
the Building, air or gas distribution piping, counters attached to walls or
floors, electrical fixtures, and electrical switchboards, power panels or
similar electrical equipment. LESSEE shall deliver the Leased Premises broom
clean and in the same condition as they were at the commencement of the term,
or
as they were put in during the term hereof, reasonable wear and tear and
damage
by fire or other casualty only excepted, In the event of LESSEE's failure to
remove any of LESSEE's property from the Leased Premises within one (1) day
after the expiration or other termination of this Lease, LESSOR is hereby
authorized, without liability to LESSEE for loss or damage
thereto, and at the sole risk of LESSEE, to remove and store any such
property at LESSEE's expense, or to retain same under LESSOR's control, or to
sell at public or private sale (without notice), any or all of the property
not
so removed and to apply the net proceeds of such sale to the payment of any
sum
due hereunder, or to destroy such property, all of which shall be conclusively
deemed to have been abandoned. In no case shall the Leased Premises be deemed
surrendered to LESSOR until the expiration date provided herein or such other
date as may be specified in a written agreement between the parties.
19. NOTICES; OTHER COMMUNICATION. Any notice or other communication
given or made pursuant to this Lease (a "Communication") shall be in writing
and
shall be hand delivered or sent either (i) through the United States Postal
Service, or any official successor thereto, designated as registered or
certified mail, return receipt requested, bearing adequate postage, (ii) by
means of an express delivery service if it obtains a written receipt to
confirm
delivery, or (iii) by means of a facsimile transmission if a written
acknowledgment of receipt is confirmed by facsimile transmission or otherwise,
Each Communication shall be effective upon the receipt thereof by the
addressee
or its agent. Rejection or refusal to accept or inability to deliver because
of
change of address of which no notice was given as provided herein shall be
deemed to be receipt of the Communication sent. By giving to the other party
hereto at least twenty (20) days notice thereof, any party hereto shall have
the
right from time to time to change its address for purposes of this Lease to
any
other address within the continental United States of America. Until notice
of
change of address as aforesaid, each such Communication shall be addressed, if
to LESSOR, at Eight ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
(Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇), and if to LESSEE, (i) prior to the Term
Commencement Date, at ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
(Attention: ▇▇▇▇▇ ▇▇▇▇▇▇▇) and (ii) after the Term Commencement Date, at the
Leased Premises (Attention: ▇▇▇▇▇ ▇▇▇▇▇▇▇).
20. BROKERAGE. LESSEE represents and warrants that it has dealt with no
broker in connection with this transaction other than Coldwell Banker. LESSEE
agrees to defend, indemnify and save LESSOR harmless from and against any and
all claims for a commission arising out of this Lease, other than from such
broker, and LESSOR agrees to pay the commission of such broker arising out of
this Lease.
21. GENERAL PROVISIONS.
(a) The invalidity or unenforceability of provision of this Lease shall
not affect or render invalid or unenforceable any other provision hereof.
(b) The obligations of this Lease shall run with the land, and this
Lease shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns.
(c) No action or proceeding, regardless of form, arising out of the
subject matter of this Lease shall be brought by LESSOR or LESSEE more than
one
year after the cause of action has occurred, of if later, one year after the
claiming party knew or should have known of the events giving rise to such
cause
of action.
(d) If LESSOR or LESSEE is acting under any partnership or corporation,
the obligations of LESSOR or LESSEE, as the case may be, shall be binding upon
the partnership or corporation but not individually upon any partner, officer,
corporate officer or shareholder of the partnership or corporation.
(e) This Lease is made and delivered in the Commonwealth of
Massachusetts, and shall be interpreted, construed, and enforced in accordance
with the laws thereof.
(f) This Lease, when executed by both parties shall constitute the
entire agreement between said parties, No other verbal or written
representation
shall have any effect hereon, and this Lease may not be altered, extended or
amended except by written agreement attached hereto or as otherwise provided
herein.
(g) Notwithstanding any other statements herein, LESSOR makes no
warranty, express or implied, concerning the suitability of the Leased
Premises
for LESSEE's intended use.
(h) LESSEE hereby grants to LESSOR a continuing security interest for
all sums of money becoming due hereunder upon all existing or hereafter
acquired property of LESSEE in the Leased Premises. Upon default under this
Lease, LESSOR, in addition to all other remedies provided herein or by law,
will
have all rights and remedies under the Uniform Commercial Code, including
without limitation the right to sell the property herein described. LESSEE
also
agrees to execute a UCC-1 Financing Statement, or other financing agreement as
may in LESSOR's opinion be necessary to perfect or continue the security
interest herein created.
(i) LESSOR and LESSEE will execute and deliver a recordable notice of
lease with respect to this Lease, and all recording charges shall be paid by
LESSEE.
(j) Within ten (10) days after written request by LESSOR, LESSEE shall
deliver to LESSOR an estoppel certificate, in such form as may be required by
any mortgagee or prospective mortgagee of the Property, setting forth factual
information concerning this Lease and LESSEE's tenancy hereunder.
22. RIGHT OF FIRST REFUSAL. During the Base Term or the First Extension
Term, provided that LESSEE is not then in default under this Lease, LESSOR
shall
not lease any space abutting or contiguous to the Leased Premises and
containing
five thousand (5,000) square feet or less (the "Additional Space") at any time
except in compliance with the following provisions of this Section 22, LESSOR
shall give notice to LESSEE that such Additional Space has or will become
available (the "Availability Notice"), and the Availability Notice shall
include
LESSOR's determination of the fair market rental value for the Additional
Space,
calculated as set forth in paragraph (a) of Exhibit F hereto, Within two (2)
weeks after receipt of the Availability Notice, LESSEE shall give notice to
LESSOR (the "First Refusal Notice") whether LESSEE is interested in leasing
the
Additional Space. If LESSEE declines interest in leasing the Additional
Space,
or if LESSEE expresses such interest but LESSOR and LESSEE shall not have
executed an appropriate amendment to this Lease for the Additional Space
within
three (3) weeks after the giving of the First Refusal Notice, LESSOR shall be
entitled to lease the Additional Space to any other party on terms acceptable
to
LESSOR and such other party, However, if a lease or lease amendment for the
Additional Space with such other party is not executed within six (6) months
after the First Refusal Notice was given, the provisions of this Section 22
shall once again apply to any leasing of the Additional Space.
IN WITNESS WHEREOF, LESSOR AND LESSEE, intending to be legally bound
hereby, have caused this Lease to be executed by their respective duly
authorized officers or partners, as the case may be, as of the day and year
first above written,
LESSOR:
▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ LIMITED PARTNERSHIP
By its General Partner,
Kullenberg Development Inc.
By: /s/
Its President
LESSEE:
▇▇▇▇▇-▇▇▇▇▇ COMMUNICATIONS, INC.
(d/b/a ▇▇▇▇▇-▇▇▇▇▇ COMMUNITY
NEWSPAPERS, MASSACHUSETTS)
By: /s/
Its Publisher
and
By: /s/
Its Senior Vice President; Secretary
FIRST AMENDMENT OF LEASE
TIES AGREEMENT, made this / day of September, 1992, by and between ▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇▇ Limited Partnership, a Massachusetts limited partnership having
a
usual place of business at ▇▇ ▇▇▇▇▇▇▇ ▇▇., ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ("Landlord"),
and ▇▇▇▇▇ ▇▇▇▇▇ Communications, Inc., a Delaware Corporation d/b/a ▇▇▇▇▇-▇▇▇▇▇
Community Newspapers, Massachusetts ("Tenant") having a usual place of
business
at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇.
WITNESSETH THAT:
WHEREAS, Landlord has leased to Tenant and Tenant has hired from Landlord
a portion of the first floor of the building located at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇,
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇, all as more particularly described and set forth in a
certain Lease Agreement dated March 20, 1990 (the "Lease").'
WHEREAS, the parties wish to add additional rental area to the Premises,
subject to the terms and conditions hereof;
NOW, THEREFORE, for the good and valuable consideration by each party paid
to the other, and in further consideration of the foregoing premises and the
mutual obligations set forth herein, the parties hereby agrees as follows:
1. All capitalized words or terms used in this Agreement shall have the
same meaning as in the Lease unless otherwise specifically provided herein.
2. The area of approximately 1,259 usable square feet on the first
floor of the Building shown on the plan attached hereto as Exhibit A and made
a
part hereof (hereinafter referred to as the "Expansion Area") shall be added
to
and included in the Leased Premises and shall become subject to all terms and
conditions of the Lease as fully as if it had originally been part of the
Leased
Premises, except as otherwise herein provided. As a result of the addition of
the Expansion Area, the Leased Premises leased by Tenant shall consist of
approximately 25,734 square feet of Rentable Floor Area on the first floor.
3. The Base Rent is hereby amended to include also the additional
rentable square footage of the Expansion Area with an increase of the Base
Rent
for the Base Term of Eight Thousand Eight Hundred and Thirteen Dollars
($8,813.00) per year payable in advance in equal monthly installments of Seven
Hundred and Thirty Four Dollars ($734.42) The Rent Commencement Date for the
Expansion Area shall be September 1, 1992.
4. Tenant accepts the Expansion Area in present conditions as is,
without any Improvement required by Landlord.
Except as modified by this Agreement, the Lease is hereby ratified and
confirmed. Unless the context requires otherwise, all terms used herein shall
be construed in conformity with the applicable provisions of the Lease.
In witness whereof, Landlord and Tenant have executed this instrument
under seal as of the day and year first above written.
WITNESS: LANDLORD: ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇
Limited Partnership
TENANT: By: Kullenberg Development Inc.
▇▇▇▇▇ ▇▇▇▇▇ Communications, Inc. general partner
(d/b/a ▇▇▇▇▇ ▇▇▇▇▇ Community
Newspapers, Massachusetts)
By: /s/ By: /s/
Lars Borgwing
President
SECOND AMENDMENT OF LEASE
THIS AGREEMENT, made this 3rd day of October, 1994, by and between ▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇▇ Corp., a Massachusetts Corporation having a usual place of
business at ▇▇ ▇▇▇▇▇▇▇ ▇▇., ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ (successor-in-interest to
▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇▇ Limited Partnership) (the "Landlord"), and ▇▇▇▇▇ ▇▇▇▇▇
Communications, Inc., a Delaware Corporation d/b/a ▇▇▇▇▇-▇▇▇▇▇ Community
Newspapers, Massachusetts (the "Tenant") having a usual place of business at
▇▇▇
▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇.
WITNESSETH THAT:
WHEREAS, Landlord has leased to Tenant and Tenant has hired from Landlord
a portion of the first floor of the building located at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇,
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇, consisting of approximately 25,734 square feet of
rentable floor area, all as more particularly described and set forth in a
certain Lease Agreement dated March 20, 1990, as amended by First Amendment of
Lease dated September 1, 1992. (the "Lease"); and
WHEREAS, the Tenant wishes to extend the term of the Lease for the First
Extension Term subject to the terms and conditions hereof,
NOW, THEREFORE, for the good and valuable consideration by each party paid
to the other, and in further consideration of the foregoing premises and the
mutual obligations set forth herein, the parties hereby agrees as follows:
1. All capitalized words or terms used in this Agreement shall have the
same meaning as in the Lease unless otherwise specifically provided herein.
2. Landlord hereby acknowledges that Tenant has exercised its right to
extend the term of the Lease with respect to Tenant's existing space and the
First Extension Term. The Lease shall be automatically so extended at the
expiration of the Base Term unless the Lease shall have been sooner terminated
pursuant to its terms. The first Extention Term should commence on July 11,
1995 and end on July 10, 1998.
3. The annual Base Rent for the Leased Premises for the First Extension
Term shall be at the annual rate of $13.00 per rentable square foot.
($334,542.00 per annum or $27,878.50 per month.)
4. Tenant shall also pay during the First Extention Term additional
rent as set forth in Section 6 of the Lease; provided however, the charge for
management service in Section 6 (c) (4) shall be at an annual rate of $0.45
per
rentable square foot ($11,580.30).
Except as modified by this Agreement, the Lease is hereby ratified and
confirmed. Unless the context requires otherwise, all terms used herein shall
be construed in confirmity with the applicable provisions of the Lease.
In witness whereof, Landlord and Tenant have executed this instrument
under seal as of the day and year first above written.
TENANT LANDLORD: ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Corp.
▇▇▇▇▇ ▇▇▇▇▇ Communications, Inc. (d/b/a ▇▇▇▇▇ ▇▇▇▇▇ Community Newspapers,
Massachusetts
By: /s/
By: /s/