Circuit City 2005 Annual Report Download - page 114

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FIRST AMENDMENT TO INDUSTRIAL LEASE AGREEMENT
THIS AMENDMENT is made as of the Amendment Date (as hereinafter defined) by and between HAMILTON
MILL BUSINESS CENTER, LLC, a Delaware limited liability company (“Landlord”), and GLOBAL EQUIPMENT
COMPANY, INC., a New York corporation (“Tenant”).
RECITALS
Landlord and Tenant have previously entered into that certain Industrial Lease Agreement dated December 8,
2005 (the “Lease”) for the lease of approximately 517,628 square feet of space, more commonly known as 2505 Mill
Center Parkway, Suite 100, Buford, Georgia 30518 (the “Original Demised Premises”) located within Hamilton Mill
Business Center, Gwinnett County, Georgia.
Landlord and Tenant desire to amend the Lease upon the terms and conditions hereinafter set forth.
NOW, THEREFORE, for and in consideration of Ten and No/100 Dollars ($10.00) and other good and valuable
consideration in hand paid by each party hereto to the other, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto do hereby agree as follows:
1. All capitalized terms used herein but undefined shall have the meaning as defined in the Lease.
2. Landlord and Tenant hereby confirm that the Lease Commencement Date occurred on February 24, 2006.
3. The Expiration Date, as defined in Section 1(h) of the Lease, is hereby extended to May 31, 2021. As used
herein, “Term” is hereby defined as the period commencing on the Lease Commencement Date and terminating on the
Expiration Date, as extended hereby.
4. Commencing on June 1, 2006 (the “Effective Date”),
the Demised Premises shall be defined as that certain
parcel of real property more particularly described in Exhibit “A” attached hereto and by this reference made a part
hereof (the “Land”) together with and including the Building, inclusive of the Original Demised Premises and that
certain additional 129,600 square foot space, as more particularly described on Exhibit “B” attached hereto and
incorporated herein by reference (the “Expansion Space”), and the common areas, driveways, and parking areas
associated therewith (collectively, the “Building Common Area”).
5. Notwithstanding anything contained in the Lease to the contrary, beginning on the Effective Date, the
Annual Base Rent for the remainder of the Term as extended hereby shall be payable in Monthly Base Rent
Installments pursuant to the terms of the Lease according to the following schedule:
Period
6/1/06 - 1/31/07
2/1/07- 5/31/07
6/1/07 - 5/31/11
6/1/11 - 5/31/16
6/1/16 - 5/31/21
Annual Base Rent
N/A
N/A
$1,941,684.00
$2,168,213.76
$2,427,105.00
Monthly Base Rental
Installments
$0.00
$161,807.00
$161,807.00
$180,684.48
$202,258.75