|
|
|
|
Document Preview Lease Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Lease Agreement |
|||
|
Entities: |
||||
|
Date: |
2001 |
|||
|
Size: |
Preview shows 5KB of 129KB total |
|||
|
Price: |
$66 |
|||
|
ID: |
#1215505 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
<SEQUENCE>3
<FILENAME>ex10-19.txt
<DESCRIPTION>LEASE AGREEMENT
<TEXT>
10.19
LEASE AGREEMENT
BETWEEN
CORRIDOR PARK POINTE II, L.P.
as Landlord,
and
INTELLIGENT REASONING SYSTEMS, INC.
as Tenant,
Covering approximately 15,136 gross square feet
of the Building known (or to be known) as
CORRIDOR PARK POINTE
BUILDING E
located at
100 Michael Angelo Way
Suite 900
Austin, Texas 78728
<PAGE>
LEASE AGREEMENT
THIS LEASE AGREEMEN7 (this "Lease") is made and entered into by and between
CORRIDOR PARK POINTE II, L.P., a Delaware limited partnership, hereinafter
referred to as "Landlord," and Intelligent Reasoning Systems, Inc., hereinafter
referred to as "Tenant."
1. PREMISES AND TERM. In consideration of the mutual obligations of Landlord and
Tenant set forth herein, Landlord leases to Tenant, and Tenant hereby takes from
Landlord, certain ]eased premises situated within the County of Travis, State of
Texas, as more particularly described on EXHIBIT "A" attached hereto and
incorporated herein by reference (the "Premises") to have and to hold, subject
to the terms, covenants and conditions in this Lease. The term of this Lease
shall commence on the Commencement Date herein set forth and shall end on the
last day of the month that is Sixty (60) months after the Commencement Date.
Building or Improvements to Be Constructed. If the Premises or part thereof are
to be constructed, the "Commencement Date" shall be deemed to be the earliest
of: (i) the date upon which the Premises and other improvements to be erected in
accordance with the plans and specifications described on EXHIBIT "B" attached
hereto and incorporated herein by reference (the "Plans") have been
substantially completed; (ii) the date on which the Premises or such
improvements would have been substantially completed but for delays caused
directly or indirectly by Tenant, including Plan delays or change orders; or
(iii) the date on which Tenant occupies any part of the Premises. As used
herein, the term "substantially completed" shall mean that, in the opinion of
the architect or space planner-that prepared the Plans, such improvements have
been completed in accordance with the Plans, and the Premises are in good and
satisfactory condition, with the exception of completion of minor punch list
items. As soon as such improvements have been substantially completed, Landlord
shall notify Tenant in writing that the Commencement Date has occurred.
2. BASE RENT, SECURITY DEPOSIT AND ESCROW DEPOSITS.
A. Base Rent. Tenant agrees to pay Landlord rent for the Premises, in
advance, without demand, deduction or set off, at the following rate per month:
Months 1-12 $.77/sf/mo. - $11,654.72/mo.
Months 13-24 $.80/sf/mo. - $12,108.80/mo.
Months 25-36 $.84/sf/mo. - $12,714.24/mo.
Months 37-48 $.92/sf/mo. - $13,925.12/mo.
Months 49-60 $.95/sf/mo. - $14,379.20/mo.
The Base Rent described above and the other monthly charges set forth in
Paragraph 2C below, shall be paid monthly, in advance, during the first sixty
(60) months of the Lease, with the first of such monthly payments due and
payable on June 1, 1999. Like monthly installments shall be due and payable on
or before the first day of each calendar month succeeding the Commencement Date,
except that all payments due hereunder for any fractional calendar month shall
be prorated.
B. Security Deposit. In addition, Tenant agrees to deposit with Landlord
on the date hereof the sum of 100,000.00 which shall be held by Landlord,
without obligation for interest, as security for the performance of Tenant's
|
End of Preview |
Home Intelligence Services Subscriptions News About Us