1
EXHIBIT 10.11
THE OFFICE SUITES OF CENTERPARK
SERVICE/LEASE AGREEMENT
THIS LEASE AGREEMENT entered into this 21st day of November __, 1995,
("Lease Agreement") by and between ▇▇▇▇▇▇▇ COMMERCIAL MANAGEMENT COMPANY, INC.,
agent for an entity to be named later, a Maryland general partnership
(hereinafter referred to as "Landlord") and Vasco Data Security, Inc.
(hereinafter referred to as "Tenant").
Landlord and Tenant agree as follows:
1. Premises - See Appendix A attached hereto and made a part hereof.
2. General Service - In consideration of the rents and fees to be paid by
Tenant as described in Appendix A of this Lease Agreement and the covenant
herein, Landlord shall provide Tenant during the term of this Lease Agreement
with the following general services:
(a) Receptionist service from 8:30 A.M. until 5:00
P.M. during all weekdays except for national holidays.
(b) Telephone answering service, as described in
Paragraph 6 of this Lease Agreement, from 8:30 A.M. until 5:00
P.M. during all weekdays except for national holidays.
(c) Light, electricity, heat and air-conditioning,
elevator service, and toilet facilities.
(d) Janitorial service as described in Paragraph 7 of
this Lease Agreement.
(e) Use of the conference rooms as described in
Section 4 of Appendix A of this Lease Agreement.
(f) Twenty-four (24) hour access to offices.
(g) Coffee and tea from 8:30 a.m. until 4:30 p.m.
during all weekdays except for national holidays.
(h) Listing in building lobby directory.
(i) Access to facsimile machine at rates set forth in
Appendix B, which is attached hereto and made a part hereof.
(j) Furnishings as per Appendix D, which is attached
hereto and made a part hereof.
2
(k) Enforcement of the Rules and Regulations
enumerated in Appendix C, which is attached hereto and made a
part hereof.
3. Typing Services - Upon the request of Tenant, Landlord shall provide
Tenant during the term of this Lease Agreement with typing services at the
guideline rates set forth in Appendix B attached hereto and made a part hereof.
Landlord may amend those guidelines rated on a reasonable basis during the term
of this Lease Agreement if there is any change in the costs or expenses
incurred by Landlord in providing such typing services.
4. Photocopy Services - Upon the request of Tenant, Landlord shall provide
Tenant with paper and use of a photocopying machine at the rates set forth in
Appendix B attached hereto and made a part hereof. Landlord may change the
above rated on a reasonable basis during the term of this Lease Agreement if
there is any change in the costs or expenses incurred by Landlord in providing
such photocopying services.
5. Mailing Services - Upon the request of Tenant, Landlord shall, during
the term of this Lease Agreement, mail, on a daily basis, Tenant's
mailbox-sized correspondence and provide Tenant with postage stamps and
associated delivery services at the actual cost plus a 25% handling fee for
postage or such other delivery services.
6. Telephone Answering Service - Landlord shall provide telephone
answering service for a normal and reasonable number of calls on any telephone
line Tenant has installed at Tenant's expense in the Premises. Tenant shall
reimburse Landlord for any expenses that may be charged to the Landlord for the
installation or removal of any extension of Tenant's telephone in Landlord's
telephone system.
7. Janitorial Services - Landlord Shall provide Tenant with janitorial
services for the Premises so as to maintain the Premises in good order and a
reasonably clean condition.
8. Conference Room - See Appendix A attached hereto and made a part
hereof.
9. Keys - Landlord shall provide Tenant with one (1) set of keys to the
Premises and to the individual office upon the commencement of the Lease
Agreement. Tenant shall not duplicate or cause to be duplicated any key
furnished by Landlord without prior consent of Landlord to Tenant or duplicated
by Tenant upon termination of the Lease Agreement. Tenant shall forfeit the
entire security deposit upon failing to return keys to Landlord within three
(3) business days after termination of the tenancy.
10. Possession and Delivery - Landlord shall deliver to Tenant physical
possession of the Premises upon the commencement of the term of this Lease
Agreement in a good and safe condition. At the end of the term of this Lease
Agreement, Tenant shall
-2-
3
deliver to Landlord physical possession of the Premises in the like good and
safe condition (damage by fire or other casualty not the fault of Tenant
excepted) and shall remove, at Tenant's own expense, all property on the
Premises not the property of Landlord.
11. Use of Premises - Tenant shall use the Premises only for business
purposes in accordance with the terms of this Lease Agreement and for no other
purposes unless Landlord consents to such use in writing. Tenant shall not
damage or deface the Premises, conference rooms, reception area, hallways,
stairways, or other approaches thereto, the building of which the Premises
forms a part, or any fixtures therein or used therewith, nor suffer or permit
any trade or occupation to be carried on or use made of the Premises or permit
anything to be done in the Premises or the building of which it forms a part,
or bring or keep anything therein which shall be disorderly, unlawful, noisy,
or extra hazardous, or offensive or injurious to, or obstruct or interfere with
the rights of other Tenants, or in any way injure or annoy them, or those
having business with them, or conflict with them or conflict with any fire laws
or regulations or with any insurance policy upon said building or any part
thereof or increase the danger of fire, or affect or made void or voidable any
insurance on said building, or which may render any increased or extra premium
payable for such insurance, or which shall be contrary to any law or ordinance,
rule or regulation from time to time established by any public authority.
12. Fixtures - Tenant may, with the prior written consent of Landlord,
install in the Premises additional furniture and fixtures and other normal
small office equipment such as typewriters, adding machines, portable copying
machines and dictating machines necessary in the conduct of its business, and
the same shall remain the property of Tenant, provided they be removed by
Tenant before the expiration of this Lease Agreement or any renewal or
extension thereof and provided further that Landlord may condition its consent
to such installation upon Tenant's agreement to pay any incurred electricity
charges by the proposed use of such equipment.
13. Landlord's Right to Entry - Landlord and the agents thereof shall have
access to the Premises at all reasonable hours in order to inspect the same or
adjacent premises, to submit such to any prospective tenant or to correct any
Tenant's default hereunder and to prevent or repair damage or injury to the
Premises, its occupants or the interests of other tenants and, further, insure
that the Premises are maintained, cared for, protected, managed and/or improved
in such manner as Landlord shall deem necessary and proper.
14. Security System - Tenant shall close and lock any doors and take any
precautions or measures as may be required by any security system installed in
the building in which the Premises forms a part.
-3-
4
15. Signs - Tenant shall not erect nor place any signs or objects upon the
windows, doors, or outside walls of the Premises.
16. Deliveries - Tenant shall accept and make deliveries at such normal
times and places as Landlord shall designate, provided that nothing shall
prohibit Tenant from accepting and/or making deliveries during normal business
hours.
17. Tenant Improvements - Tenant shall not make any improvements or
alterations to the Premises or any fixtures, improvements, or furnishings
therein provided by the Landlord without the prior written consent of Landlord.
18. Employees of Landlord - No person furnishing services to Tenant
pursuant to this Lease Agreement shall be deemed to be an employee of Tenant
and Tenant shall have no liability for the wages or salary thereof, or for
taxes and other charges incident thereto, or for the cost of workmen's
compensation or unemployment compensation or any other costs or expenses in
respect at such persons, other than as may be expressly stated herein and
Landlord shall indemnify and hold Tenant harmless against any claims and
demands or costs and expenses in connection therewith.
Tenant shall not offer or cause to be offered employment to any employee
of landlord during the term of this Lease Agreement or for a period of one year
after expiration of this Lease Agreement. Upon breach of the foregoing by
Tenant, there shall be payable to Landlord the sum of Ten Thousand dollars
($10,000.00) liquidation damages for each breach.
19. Liability - Landlord shall not be responsible or liable, unless
-otherwise specifically herein permitted. Because of any liability claim,
expense, penalty, loss, inconvenience, or damage (hereinafter in this paragraph
referred to as liability) suffered by Tenant or any other person for any reason
or cause whatsoever over which Landlord has no control or from any act,
omission, or neglect of Tenant, or by the inference, interruption, failure,
delay or suspension of any of Tenant's rights under this Lease Agreement.
Tenant agrees to keep, save and hold Landlord forever harmless from any
responsibility or liability as comprehended in this paragraph occasioned by any
act or omission of Tenant. Tenant shall make no claim against Landlord for
constructive eviction hereunder as to any matter or condition for which
Landlord has no liability or responsibility under this paragraph.
20. FIRE AND CASUALTY. In the event of destruction or any part thereof,
or any elevators, hallways, stairways or other approaches thereto, or the
building of which the Premises are a part or any portion thereof, or any
appurtenant facilities, by fire, other casualty or for any other reason
whatsoever, which damage or destruction, in the opinion of Landlord, is such
that it cannot be repaired or restored within a reasonable time,
-4-
5
Landlord, at its sole option, may declare this Lease Agreement terminated. If
such damage or destruction is such that, in the opinion of Landlord, it may be
restored within a reasonable time, Landlord shall undertake the restoration
involved and, if the damage or destruction involved was without the fault or
neglect of Tenant, then Tenant's rent shall ▇▇▇▇▇ in an equitable and fair
manner or in the same proportion as the business operates of Tenant have
abated. In no event need Landlord expend a sum of money in completing any
repair or restoration hereunder which shall exceed net available insurance
proceeds nor need Landlord restore or replace any fixtures, equipment,
personally, or other property located or stores in or about the Premises and
owned, leased, or otherwise in the possession of or under the dominion or
control of Tenant, and it shall be the sole responsibility of Tenant to
adequately insure himself against loss thereof occasioned by damage or
destruction thereto. In the event that the Premises, or the building of which
the premises are a part, or any portion thereof or any property thereon or
thereabout be damaged or destroyed by fire or other cause as a result of any
act omission or neglect of Tenant, Tenant shall be solely responsible to
reimburse Landlord to the extent at any loss suffered by Landlord. Tenant
shall give Landlord prompt notice of early accident, damage to or defect in, or
about the Premises. No compensation, or claim, or diminution of rent will be
allowed, or paid, by Landlord, by reason of inconvenience, annoyance, or injury
to business, arising from the necessity of repairing the Premises or any
portion of the building of which it is a part, however the necessity may occur.
21. Notice of Termination and Holdover - If either Tenant or Landlord does
not wish or renew this Lease Agreement, either shall give notice of termination
in writing to the other at least sixty (60) days before the end of the term of
Agreement, in which case the Lease Agreement shall terminate on the date
specified in Appendix A attached hereto and hereof. If both Tenant and Landlord
fail to give such termination such failure shall be construed as an extension of
the term of this Lease Agreement for sixty (60) days for each such failure to
give notice. Provided. that the rent and fees for each additional one month
period shall be payable in advance at the rate currently being charged by
Landlord for month-to-month Lease Agreements. In every case, Tenant must give
at least sixty (60) days written notice of termination.
22. Tenant's Indemnification - Tenant covenants and agrees to indemnify
and save harmless Landlord from any and all liabilities, damages, costs,
claims, expense, suits or actions arising out of any breach, violation or
nonperformance of any covenant, condition or agreement in this Lease Agreement
set forth and contained, on the part of Tenant to be kept, observed and
performed or Tenant's neglect or use of the Premises or building of which it is
a part or of anything therein or any nuisances caused or suffered by Tenant in
the Premises or in the building of which it is a part.
-5-
6
23. Defaults and Remedies - If Tenant fails to keep and perform each
and every covenant, condition and agreement herein to be kept and performed by
Tenant, or if Tenant abandons or evidences any intention to abandon the
Premises, or if the Premises become vacant or deserted without intent to return
by tenant, or if the estate hereby created is taken on execution or other
process of law, or if Tenant petitions to be declared or is declared bankrupt
or insolvent according to law, or if a receiver or other similar officer is
appointed to take charge of any part of the property of, or to wind up the
affairs of Tenant and it is not discharged within thirty (30) days, or if any
assignment is made of Tenant in property for the benefits of creditors, then in
each and every case, for henceforth and at all times thereafter, at the sole
option of Landlord Tenant's right of possession shall thereupon cease and
terminate and Landlord shall be entitled to the possession of the Premises, to
remove all persons and property therefrom, and to re-enter the same without
further demand of rent or demand of possession or the Premises, either with or
without process of law and without becoming liable to prosecution therefor. Any
notice to quit, or of intention to re-enter the Premises is hereby waived by
Tenant. In the event of any such re-entry or retaking herein, Tenant shall
nevertheless remain in all events liable and answerable for the full rental and
fees to the date of retaking or re-entry, for any and all loss or damage and
for any deficiency or loss of rent or fees which Landlord may hereby sustain in
respect of the balance of the therein. Landlord reserves full power, which is
hereby acceded to by Tenant to let the Premises, in the event of any such
re-entry or retaking herein for the benefit of Tenant in liquidation and
discharge, in whole or in part, as the case may be, of the liability of Tenant
under the terms and provisions of this Lease Agreement and such damages, at the
option of Landlord be deferred until the expiration of the term, in which
latter event the cause of action shall not be deemed to have accrued until
the date of the termination of said terms. All rents and fees received by
Landlord in any such reletting shall be applied; first, to the payment of such
expenses as Landlord may have incurred in recovering possession of the Premises
and in reletting the same; second, to the payment of any costs and expenses
incurred by Landlord a either for making necessary repairs to the Premises or
incurring any default on the part of Tenant in any covenant or condition herein
made binding upon Tenant; and, last, any remaining rent and fees shall be
applied toward tho payment of rent and fees due from Tenant under the terms of
this Lease Agreement, with interest at the (15%) per annum, and Tenant
expressly agrees to pay any deficiency then remaining Landlord may, however, at
Landlord's options enforce the provisions of the Lease Agreement in full
against Tenant for the full term hereof. No payment by Tenant or receipt by
Landlord of a lesser amount than the monthly installments of rent and fees
herein stipulated shall be deemed to be other than on account of the earliest
stipulated rent and fees nor, shall any endorsement or statement on any check
or any letter accompanying any check or payment or rent or fees be deemed an
accord and satisfaction, and Landlord may accept such check or payment
-6-
7
without prejudice to Landlord's right to recover the balance of such rent or
fees, or pursue any other remedy provided in this Lease Agreement.
Upon the occurrence and continuance of an event of default by Tenant,
Landlord, without notice to Tenant, may do any one or more of the following:
(a) Landlord may elect to terminate this Lease and the tenancy created
hereby by giving notice of such election to Tenant, may reenter the Premises by
summary proceedings or otherwise, change the lock(s) thereto and, at the
expense of Tenant, remove Tenant and all other persons and property from the
Premises, and may store such property in a public warehouse or elsewhere at the
cost of and for the account of Tenant without resort to legal process and
without Landlord being deemed guilty of trespass or becoming liable for any
loss or damage occasioned thereby.
(b) Landlord may exercise any other legal or equitable right to remedy
which it may have.
Notwithstanding the provisions of clause (b) above and regardless of
whether an event of default shall have occurred, Landlord may exercise the
remedy described in clause (a) without any notice to Tenant, in its good faith
judgement, believes it would be materially injured by failure to take rapid
action or if the unperformed obligation of Tenant constitutes an emergency.
24. SUBORDINATION CLAUSE - This Lease Agreement is subject and subordinate
at all times to all ground or underlying leases, including any ground lease or
rental agreements entered into by Landlord as lessee, and to all mortgages
and/or property of which the Premises form a part, and to all renewals,
modifications, consolidation, replacements and extensions thereof. This clause
shall be self-operative and no further instrument of subordination shall be
required by any ground or underlying lease, lessor, or mortgage or trustee. In
confirmation of such subordination, Tenant shall execute promptly any
certificate that Landlord may request. Tenant hereby constitutes and appoints
Landlord the Tenant's attorney-in-fact, irrevocably, to execute and deliver
such certificate or certificates for and on behalf of Tenant. Provided,
however, that notwithstanding the foregoing any such lessor aforesaid or the
party secured by any such mortgage or deed of trust shall have the right to
recognize this Lease Agreement and, in the event of re-entry by any such lessor
aforesaid or of any foreclosure sale under such deed of trust, this Lease
Agreement shall continue in full force and effect at the option of such
re-entering lessor aforesaid or of the party secured by such mortgage or deed
of trust or the purchaser under any such foreclosure sale; and Tenant covenants
and agrees that Tenant will, at the written request of any such party, execute,
acknowledge, and deliver any such instrument that has for its purpose and
effect or the subordination of this Lease Agreement
-7-
8
to the lien or rights of all ground or underlying leases and to all mortgages
and/or deeds of trust.
25. Expenses Incurred - Tenant covenants and agrees to pay and discharge
all reasonable costs, expense, and attorney's fees incurred by Landlord in
enforcing any or all of Tenants covenants, conditions and agreements contained,
herein whether by the institution of litigation, seeking advise of counsel, or
otherwise.
26. Applicable Law - This Lease Agreement shall be construed and enforced
under and in accordance with the laws of the State of Maryland.
27. Negligence - Each party to this Lease Agreement shall be solely
responsible for their independent acts of negligence. Tenant shall maintain
appropriate liability insurance to protect Tenant's interests against any and
all claims arising out of the negligence of Tenant.
28. Severability - In the event any part of this Lease Agreement is held
to be unenforceable or invalid for any reason, the balance of this Lease
Agreement shall not be affected and shall remain in full force and effect
during the term of this Lease Agreement.
29. Waiver - The failure of Landlord to insist upon strict performance of
any of the terms or conditions of this Lease Agreement, or to exercise any
option herein conferred, or the taking of any action by Landlord which under
the terms or conditions of this Lease Agreement should have been taken by
Tenant, in any one or more instances, or the compromise or settlement by
Landlord or any proceeding instituted to recover rent or possession of the
premises from Tenant, shall not be construed as a waiver or relinquishment for
the future of any such terms or conditions, but the same shall be and remain in
full force and effect. The acceptance by Landlord of less than all the rent
and fees that may be owing Landlord with the knowledge of the existence of a
default in this Lease Agreement by Tenant, or the acceptance of all or any part
of the rent or fees due by Tenant, from any other person or entity shall not
be considered a waiver by Landlord of the right of Landlord to insist upon the
full performance by Tenant of all rental or fee payment obligations in the
future.
30. Subletting - Tenant shall have no right to sublet, assign or otherwise
transfer any right of Tenant under this Lease Agreement without the prior
written consent of Landlord. which consent will not be unreasonably withheld.
31. Covenants in Force - All of the foregoing covenants of Tenant shall be
in force without demand or notice during said term and for such further time as
Tenant, or any person or persons claiming under Tenant, shall hold the
Premises.
-8-
9
32. Rules and Regulations - Tenant agrees to abide by such rules and
regulations (the "Rules and Regulations") as Landlord may set or amend from
time to time governing the operations of The Office Suites of Centerpark.
IN WITNESS WHEREOF the parties have hereunto set their hands and seals
this _____ day of _________________, 199__.
WITNESS: ▇▇▇▇▇▇▇ COMMERCIAL MANAGEMENT COMPANY, INC.
By
------------------------- -----------------------------------------------
Authorized Agent
Vasco Data Security, Inc.
ATTEST/WITNESS:
--------------------------------------------------
By
------------------------- -----------------------------------------------
Tenant
-9-
10
APPENDIX A
THIS APPENDIX, made this ___ day of ______________, 19 ___, by and between
▇▇▇▇▇▇▇ COMMERCIAL MANAGEMENT COMPANY, INC. ("Landlord"), and Vasco Data
Security, Inc. ("Tenant") to the Lease Agreement dated the ___ day of
______________, 19 __.
The Lease Agreement is hereby modified and supplemented as follows.
Wherever there is any conflict between this Appendix, and the Lease Agreement,
the provisions of this Appendix are paramount and the Lease Agreement shall be
construed accordingly.
Section 1. Premises - Landlord hereby leases to Tenant and Tenant
hereby leases from Landlord, office number(s)14, 15, 16 in Suite 300, ▇▇▇▇
▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ (hereinafter referred to as
"Premises"). Said office is leased as a sales office, accommodating no more
than one (1) person(s) each. Additional users of office space will incur
additional charges as set forth in Appendix B attached hereto and made a part
hereof.
Section 2. Terms. The term of this Lease Agreement shall be one (1)
month and shall begin on _______________, 19 __, at 8:30 A.M. and end at 5:00
P.M. (local time) on _________________, 1995, unless extended in accordance
with the provisions of the Lease Agreement.
Section 3. Rents, Fees and Late Charges. The Tenant shall pay the
Landlord the sum of ______________________________ Dollars ($___________) as
rent and fees for general services, payable at the office of the Landlord at
▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ in advance, on or before the
fifth day of each month in installments of ______________________________
Dollars ($___________), per month without deduction, abatement, or set off of
Tenant's Security Deposit or other such escrowed monies. A security deposit of
_____________________________ Dollars ($___________) one month's rent, shall be
payable on the date of execution of this Lease Agreement. All Security
Deposits will be returned ninety (90) days upon termination of this Lease.
Rent checks will not be exchanged for Security Deposit Checks. It is
understood that if the Premises is not returned in like condition when the
lease commenced, the cost of any repairs will be deducted from the security
deposit.
The Landlord shall provide the Tenant on or about the first day of each
month during the term of this Lease Agreement a statement of fees for any
typing, mailing, photocopying, and other services rendered to the Tenant under
this Lease Agreement during the previous month. Such fees shall be payable in
full at the Landlord's office immediately on or before the fifth day of each
month, together with rent.
Landlord shall have the right to increase the base rent if the rent of the
building is increased by the building owner,
-10-
11
provided that the increase not exceed seven percent(7%) for the period of the
initial term of this Agreement.
In addition to seeking any other remedy or penalty under this Lease
Agreement, the Landlord may impose a late charge in the amount of ten percent
(10%) of any rent or fee payable under this Lease Agreement, or $10 per day,
whichever is greater, if full payment for such rent or fees is not received by
Landlord before the fifth business day after it becomes payable. Such charge
shall be payable in full at the Landlord's office immediately upon its
imposition as provided herein. Landlord must give written notice of
non-payment/late rent payments. It is further understood that if Tenant
submits a check that cannot be processed through the bank because of lack of
sufficient funds, there will be a 10% surcharge charged to the Tenant for each
occasion.
Section 4. Conference Room. Tenant shall have the right to use the
conference rooms and projection equipment during all weekdays except for
national holidays in Suite 300 for business meetings during such times and in
such manner as Landlord determines to be reasonable, taking into account the
rights of other Tenants who use the conference rooms.
Section 5. Notice. Any notice to be furnished to the Landlord or Tenant
under the terms of this Lease Agreement shall be sent to the following
addresses.
As to Landlord:
▇▇▇▇▇▇▇ COMMERCIAL MANAGEMENT COMPANY, INC., An agent for an entity to be
named later.
As to Tenant:
Vasco Data Security, Inc.
▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
(▇▇▇) ▇▇▇-▇▇▇▇
IN WITNESS WHEREOF the parties have hereunto set their hands
and seals this ________ day of _________________, 19 ___.
▇▇▇▇▇▇▇ COMMERCIAL MANAGEMENT TENANT
COMPANY, INC. Vasco Data Security, Inc.
-----
By: By:
-------------------------- --------------------------
Authorized Agent
-11-
12
APPENDIX B
SCHEDULE OF FEES FOR SPECIAL SERVICES
Secretarial Service ..... $21.00 per hour billed in 1/6
increments ($3.50)
Photocopying ..... -1 to 1000/18c/copy
-over 1000/11c/copy
Postage or Other Delivery ..... at cost + 25% handling fee
Facsimile ..... $2.00 per page outgoing
$2.00 per page incoming
Telephone ..... $30.00 per month (per-line)
Word Processing ..... $24.00 per hour billed in 1/6
increments ($4.00)
Covered Parking ..... $60.00 per month
Security Card ..... $15.00/card after initial card
Surcharge for Additional Users ..... $150.00 per month/person
PRICES SUBJECT TO CHANGE
ADDITIONAL CHARGES:
-12-
13
RULES AND REGULATIONS
(1) Lessees will conduct themselves in a businesslike manner:
proper attire will be worn at all times; and any noise will be kept
to a level so as not to interfere with or annoy other tenants.
(2) Lessee will not affix anything to the walls of the office
premises without the prior written consent of the Lessor.
(3) Lessee will not prop open any corridor doors, exit doors or
door connecting corridors during or after business hours.
(4) Lessee using public areas can only do so with consent of the
Lessor, and those areas must be kept neat and attractive at all
times.
(5) All corridors, halls, elevators and stairways shall not be
obstructed by Lessee or used for any purpose other than egress and
ingress.
(6) No advertisement or identifying signs or other notions shall
be inscribed, painted or affixed on any part of the corridors, doors
or public area.
(7) The Lessee shall not, without the Lessor's written consent,
store or operate any large business machine, reproduction equipment,
heating equipment, stoves, speaker phone, radio, stereo equipment or
other mechanical amplification equipment, refrigerator or coffee
equipment or conduct a mechanical business
-13-
14
thereon, do any cooking thereon, or use or allow to be used on
the premises oil, burning fluids, gasoline or kerosene, for heating,
warming or lighting. No article deemed extra hazardous on account
of fire, or any explosives, shall be brought onto said premises.
No offensive gases, odors of liquids will be permitted.
(8) If the Lessee requires any special wiring for business
machines or otherwise, such wiring shall be done by electrician
designated by the Lessor. The electrical current shall be used for
ordinary lighting purposes only unless written permission to do
otherwise shall first have been obtained by the Lessor at an agreed
cost to Lessee.
(9) If Lessee requires any special wiring for telephone equipment
or otherwise, such wiring shall be done by the personnel designated
by the Lessor. Lessee is limited to two lines for its benefit
through the central telephone system which a monthly connect charge
will be levied per line/extension.
(10) The Lessor and its agents shall have the right to enter the
premises at all reasonable hours for the purpose of making any
repairs, alterations or additions which it shall have deemed
necessary for the preservation, safety or improvement of said
offices without in any way being deemed or held to have committed an
eviction of the Lessee therein.
(11) The Lessee shall give the Lessor immediate access to the
premises if Lessee has given notice of intent to
-14-
15
vacate in accordance with the provisions of the Lease Agreement.
the Lessee shall in no way hinder the Lessor from showing said
promises.
(12) Lessee may not conduct business in hallways or corridors or
any other areas except in its designated offices without written
consent of the Lessor.
(13) Lessee will bring no animals on the premises.
(14) Lessee shall not remove furniture, fixtures or decorative
material from offices without the prior written consent of the
Lessor.
(15) The Lessor reserves the right to make such other reasonable
rules and regulations as in its' judgment may from time to time be
needed for the safety, care and cleanliness of the offices.
(16) There shall be no smoking within the Office Suites at any
time. Furthermore, there is no smoking in any common area of the
building (i.e. hallways and bathrooms).
reasonable rules and regulations as in its' judgment may from time to time be
needed for the safety, care and cleanliness of the offices.
▇▇▇▇▇▇▇ COMMERCIAL MANAGEMENT VASCO DATA SECURITY, INC.
CO. INC.
By: By:
-------------------------- ----------------------------
initial initial
-15-
16
APPENDIX D
FURNISHINGS
Landlord shall provide Tenant with the following furnishings
during the term of the tenancy;
3 Desks
3 Desk Chairs
3 Side Chairs
2 Credenza
3 Lamps
3 Pictures
3 Phones
-16-
17
APPENDIX E
(1) Quiet Possession - So long as Lessee performs its obligations Lessor
covenants to Lessee its quiet and peaceful possession of the leased space, and
the right to use the same free of interference from noise, noxious or
unpleasant fumes or odors or other disturbance from other tenants in the same
building or center.
(2) Parking Facilities - Lessee, its employees, customers, and visitors
shall have the right to use such parking facilities as may adjoin or be
available to the building.
IN WITNESS WHEREOF the parties have hereunto set their hands and seals
this ____ day of ____________________, 199 __.
▇▇▇▇▇▇▇ COMMERCIAL MANAGEMENT CO., INC.
By:
------------------------------------
Authorized Agent
---------------------------------------
By:
------------------------------------
-17-
18
EMERGENCY PHONE LIST
This list is just to keep in our records in case we need to get in touch with
you at a time when you cannot be reached in the office, and it is important
that we reach you. Please include any car phone, home phone, other office
phone, etc.
PLEASE PRINT
OFFICE PHONE #
-------------------------------------------------------
HOME ADDRESS
-------------------------------------------------------
-------------------------------------------------------
HOME PHONE
-------------------------------------------------------
NAME OF CONTACT #1
-------------------------------------------------------
PHONE #
-------------------------------------------------------
PHONE #
-------------------------------------------------------
NAME OF CONTACT #2
-------------------------------------------------------
PHONE #
-------------------------------------------------------
PHONE #
-------------------------------------------------------
NAME OF CONTACT #3
-------------------------------------------------------
PHONE #
-------------------------------------------------------
PHONE #
-------------------------------------------------------
-18-