Exhibit 10.27


 


AMENDMENT TO LEASE


11 HARBOR PARK DRIVE


PORT WASHINGTON, NY


 


That
certain lease, dated September 20 1988 (the “Lease”), as amended on March 22,
1999, between ADDWIN REALTY ASSOCIATES, a New York general partnership
(hereinafter referred to as the “Landlord”) and CONTINENTAL DYNAMICS
CORPORATION, a New York corporation which on December 31, 2000 was merged
into GLOBAL COMPUTER SUPPLIES INC., a New York corporation (hereinafter
referred to as the “Tenant”) with respect to the premises located at 11 Harbor
Park Drive, Port Washington, New York, is hereby amended as follows:


 


1.                                                       Section 1.03
of the Lease is amended such that the “Expiration Date” of the Lease is defined
as December 31, 2017.


 


2.                                                       Section 1.04
of the Lease and Exhibit B thereto is amended such that effective January 1,
2008 the “Fixed Rent” of the Lease shall be defined as $860,000 per year
($10.00 per square foot) for the year beginning on January 1, 2008 (the “Amendment
No. 2 Effective Date”) and ending December 31, 2008. Thereafter the
Fixed Rent above shall be increased on the annual anniversary of the and on
each successive annual anniversary of the Amendment No. 2 Effective Date
during the term of the Lease (each such annual anniversary date being
hereinafter referred to as the “Escalation Date”). Such increase in the Fixed
Rent shall be an amount equal to the product of the Percentage Increase (as
defined below) for the Escalation Date multiplied by the Fixed Rent charged for
the year immediately preceding the Escalation Date. Such increased Fixed Rent
shall be payable in 12 monthly installments in advance of the first day of each
calendar month commencing on the Escalation Date and continuing until the next
Escalation Date. Landlord shall notify Tenant in writing of such increased
Fixed Rent as soon as such determination is reasonably possible. If
notification is not given until after the Escalation Date, any increased
amounts due but not paid since the Escalation Date shall be payable within 30
days after Tenant’s receipt of such notice. As used in this Section 1.04:


 


(a)          “Index” shall
mean the Consumer Price Index for all Urban Consumers, All Cities Average, all
items (1967 = 100), not seasonally adjusted, published and issued by the Bureau
of Labor Statistics of the United States Department of Labor (the “Bureau of
Labor Statistics”). In the event that the Consumer Price Index ceases to use
the 1967 average of One Hundred (100) as the basis of calculation, or if a
change is made in the terms of particular items contained in the Consumer Price
Index, the Consumer Price Index shall, at the discretion of Landlord, be
adjusted to the figure that would have been 


 


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arrived at had the change in
the manner of computing the Consumer Price Index in effect at the Amendment No. 2
Effective Date of the Lease term not been affected. In the event that such
Consumer Price Index (or successor or substituted Consumer Price Index) is not
available, a reliable governmental or other non-partisan publication,
evaluating the purchase power of money, may be used at the discretion of
Landlord.


 


(b)         “Comparative
Month” shall mean the calendar month, which is completed immediately prior to
12 months before each Escalation Date during the Term.


 


(c)          “Percentage
Increase” for each Escalation Date shall mean the increase in the Index
(expressed as a percentage) during the 12-month period immediately preceding
the Comparative Month.


 


3.                                                       Except as
herein modified, all terms of the Lease shall remain in full force and effect.


 


Dated:
December 4, 2007


 


	
   

  	
   

  	
  ADDWIN
  REALTY ASSOCIATES

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:
  Richard Leeds

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:
  Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  GLOBAL
  COMPUTER SUPPLIES INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:
  Lawrence P. Reinhold

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:
  Executive Vice President

  



 


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