Exhibit 10.22

 

FIRST AMENDMENT OF LEASE

 

THIS AGREEMENT made this 7th day of December, 2000 between The Edgewood General
Partnership, 1408 North Westshore Boulevard, Suite 512, City of Tampa, County of
Hillsborough, State of Florida, herein referred to as Landlord, and H R Logic,
Inc. at 1408 North Westshore Boulevard, Suite 200, City of Tampa, County of
Hillsborough, State of Florida, herein referred to as Tenant:

 

The parties hereto have entered into a Lease Agreement dated July 6,2000 by and
between H.R. Logic, Inc. and Edgewood General Partnership, a copy of which is
attached hereto as “Exhibit A” and referred to herein as the “Lease” affecting
the property described as follows:

 

“Tower II, Suite 200 comprising of 3,281 rentable square feet (the “Existing
Premises”), located in the Tower n, Building, 1408 North Westshore Boulevard,
Tampa, Florida 33607”

 

The parties desire to enter into a new agreement modifying or supplementing the
provisions of the Lease as follows:

 

1.             Tenant shall expand into Suite 206 comprising of 1,340 rentable
square feet (the “Expansion Space”). Collectively and as depicted in the
attached “Exhibit B”, the Existing Premises and the Expansion Space shall
comprise of approximately 4,621 rentable square feet and be hereinafter referred
to as the “Premises”.

 

2.             Landlord will build out the Expansion Space based on the Scope of
Work here-in attached as Exhibit “C”. The Landlord’s total out of pocket cost
for the Scope of Work in Exhibit “C” shall not exceed four thousand four hundred
fourteen dollars and fifty-eight cents ($4,415.58). The Scope of Work described
in Exhibit “B” of the Lease has been completed by the Landlord and therefore
Exhibit “B” of the Lease shall be deleted. The Landlord is providing the
Existing Premises in “As Is” condition.

 

3.             The term of the Expansion Space shall begin upon the laterr of
December 1, 2000 or upon substantial completion of the Tenant Improvements as
defined in Exhibit “C” and shall expire coterminously with the term of the
Existing Premises on November 30, 2003.

 

4.             Section l(g) of the Lease “Rent” shall be modified to include the
Expansion Space as defined below:

 

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TERM

 

RATE PER RSF

 

MONTHLY RENTAL*

 

 

 

 

 

 

 

Existing Premises

 

 

 

 

 

 

 

 

 

 

 

12/1/00-11/30/01

 

$

19.25

 

$

5,263.27

 

 

 

 

 

 

 

Expansion Space

 

 

 

 

 

 

 

 

 

 

 

12/1/00-11/31/01**

 

$

19.25

 

$

2,149.58

 

 

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** Rent to begin as described in Section 3 above.

 

Premises

(the following outlines the rent schedule for both the Existing Premises and
the     Expansion Space beginning on December 1, 2001)

 

12/1/01 - 11/30/02

 

$

19.75

 

$

7,605.40

 

12/1/02 - 11/30/03

 

$

20.25

 

$

7,797.94

 

 

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*Plus applicable sales tax and operating expense pass-thru’s.

 

5.             Proportionate Share. The definition of “Proportionate Share” as
set forth in Section l(k) of the Lease is hereby deleted in its entirety and
replaced with the following: “The net rentable area in the Premises (4,621
square feet) divided by the net rentable area in the Building (145,923 square
feet), which equals 3.17 percent.”

 

6.             Section 23 of the Lease “Security Deposit”, shall be amended and
the new Security Deposit amount shall be eight thousand three hundred twenty
four dollars and thirty cents ($8,324.30). Upon Tenant’s execution of this First
Amendment, Tenant shall pay to Landlord in addition to its current Security
Deposit of five thousand nine hundred ten dollars and forty two cents
($5,910.42), an amount equal to two thousand four hundred thirteen dollars and
eighty-eight cents ($2,413.88).

 

7.             Section 1 (g) “Rent” of the Lease shall be amended as follows:
Rent and all other sums payable by Tenant to Landlord under this Lease, plus any
applicable sales tax, shall be paid to Landlord, without demand, recoupment,
abatement, deduction or offset, at its office presently located at 405 North Reo
Street, Suite 160, Tampa, Florida 33609, or at any such other place as Landlord
may hereafter specify in writing.

 

All provisions of the Lease Agreement are incorporated herein and are hereby
modified or supplemented to conform herewith, but in all respects are to and
shall continue in full force.

 

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IN WITNESS WHEREOF, the parties have executed this Modification under seal the
day and year first written above.

 

SIGNED AND SEALED AND DELIVERED

 

 

 

IN THE PRESENCE OF:

 

 

 

 

 

TENANT:

 

 

 

H R Logic, Inc.

 

 

 

 

 

 

 

 

 

 

/s/ illegible

 

By:

 

/s/

Joseph Bello

 

Witness 1 as to Tenant

 

 

 

 

 

 

 

 

 

/s/ illegible

 

Title:

 

Chief Operating Officer

 

Witness 2 as to Tenant

 

 

 

 

 

 

 

 

 

 

 

LANDLORD:

 

/s/ illegible

 

Edgewood General Partnership

 

Witness 1 as to Landlord

 

 

 

 

 

 

By:

 

/s/ David Henry Simon

 

/s/ illegible

 

 

 

 

Witness 2 as to Landlord

 

Title:

As President of Daper Tampa, Inc.

 

 

 

 

A General Partner of Edgewood
General Partnership

 

 

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Exhibits are available upon request.

 

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