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Sublease

 

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Title:

Sublease

Entities:

Applied Films Corp.

Date:

2002

Size:

Preview shows 5KB of 33KB total

Price:

$45

ID:

#426313

 

 

► Leasing ► Sublease Agreements
► Construction ► Supplies & Fixtures

 

 

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SUBLEASE

        THIS SUBLEASE is made as of September 24, 2002, by and between APPLIED FILMS CORPORATION, a Colorado corporation, with offices at 9586 I-25 Frontage Road, Suite 200, Longmont, Colorado 80504 (Sublandlord) and INFORMATION PRODUCTS LONGMONT, INC., a Colorado corporation, with offices at 9586 I-25 Frontage Road, Suite 100, Longmont, Colorado 80504 (Subtenant).

RECITALS

        A. Pursuant to a Lease dated January 30, 1998 (the Master Lease), and attached hereto as Exhibit A, Sublandlord, as tenant, leased from 9586 I-25 East Frontage Road Longmont, CO 80504 L.L.C., a Delaware limited liability company (Master Landlord), as landlord, premises commonly known as 9586 I-25 East Frontage Road, Longmont, Colorado 80504, as more particularly described in the Lease (the Facility).

         B. The Master Lease commenced January 30, 1998, and is scheduled to expire at midnight on January 31, 2013. Sublandlord has two (2) renewal options of five (5) years each.

         C. Sublandlord and Subtenant have entered into that certain Asset Purchase Agreement dated September 24, 2002, for certain assets located in a portion of the Facility.

         D. Subtenant desires to sublease a portion of Sublandlord's space in the Facility on the terms set forth in this Sublease.

        ACCORDINGLY, in consideration of the mutual covenants set forth in this Sublease, the parties agree as follows:

        1. Premises. Sublandlord leases to Subtenant and Subtenant leases from Sublandlord the portion of the Facility shown on attached Exhibit B (the Premises). For purposes of this Sublease, the Premises shall be deemed to include approximately Forty Thousand Four Hundred Thirty-One (40,431) square feet and Subtenants Pro Rata Share shall initially be equal to Thirty-One and 38/100ths percent (31.38%) and shall increase to reflect any additional square footage subleased by Subtenant at the Facility in the future. The Premises includes its own entrance and restrooms. The Premises includes only those areas within the perimeter of Subtenants portion of the Facility as shown on Exhibit B and does not include the use of any of Sublandlords restrooms, hallways, lobbies, break room, cafeteria or other areas outside of the perimeter shown on Exhibit B. The Premises shall include ten (10) parking spaces on the west side of the Facility and available parking on the south side of the Facility which shall be shared in common with Sublandlord. Sublandlord will cooperate with Subtenant to physically partition the perimeter of the Premises and move any office-space cubicles purchased as part of the Business (as defined in the Asset Purchase Agreement executed simultaneously with this Sublease) into the Premises at Sublandlords expense. Sublandlord also agrees to pay for rewiring of the Premises to suit the Subtenants operation of the Business in an amount not to




C-1




exceed Five Thousand and No/100 Dollars ($5,000.00). Sublandlord shall promptly commence and diligently proceed to perform its work in a good and workmanlike manner, free of mechanics liens, and substantially in accordance with the plans, specifications and applicable laws and ordinances. For a period of sixty (60) days after execution of this Sublease, Sublandlord shall provide appropriate access to Subtenant until arrangements are completed for the separate entrance and partitions.

         2. Compliance with Master Lease. Subtenant leases the Premises from Sublandlord subject to the terms, covenants and conditions contained in the Master Lease, except as modified by this Sublease, including the following changes:


 

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