Filed by Bowne Pure Compliance





Exhibit 10.10




AGREEMENT OF LEASE




BETWEEN




SEYMOUR R. POWERS, LEON GRISS AND RUTH GRISS

(“LESSOR”)

AND

ADVANCED TECHNOLOGY MATERIALS, INC.

(“LESSEE”)




 






For Premises Located At:

6 Commerce Drive

Danbury, Connecticut 06810




Dated: November __, 2000



 


 









 





Table of Contents




	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	1. DEFINITIONS
	 	 	4	 
	 
	 	 	 	 
	2. PREMISES
	 	 	6	 
	 
	 	 	 	 
	3. USE AND COMPLIANCE
	 	 	6	 
	 
	 	 	 	 
	4. ENVIRONMENTAL PROVISIONS
	 	 	7	 
	 
	 	 	 	 
	5. FIXED RENT
	 	 	9	 
	 
	 	 	 	 
	6. REAL ESTATE TAXES
	 	 	10	 
	 
	 	 	 	 
	7. INSURANCE AND INDEMNITY
	 	 	11	 
	 
	 	 	 	 
	8. LESSOR’S RIGHT OF ENTRY
	 	 	12	 
	 
	 	 	 	 
	9. REPAIRS AND MAINTENANCE
	 	 	12	 
	 
	 	 	 	 
	10. ALTERATIONS
	 	 	13	 
	 
	 	 	 	 
	11. DAMAGE AND DESTRUCTION
	 	 	15	 
	 
	 	 	 	 
	12. SIGNS
	 	 	16	 
	 
	 	 	 	 
	13. UTILITIES
	 	 	16	 
	 
	 	 	 	 
	14. EMINENT DOMAIN
	 	 	16	 
	 
	 	 	 	 
	15. ASSIGNMENT AND SUBLETTING
	 	 	17	 
	 
	 	 	 	 
	16. LESSEE’S DEFAULT, REMEDIES
	 	 	18	 
	 
	 	 	 	 
	17. WAIVER OF SUMMARY PROCESS
	 	 	19	 
	 
	 	 	 	 
	18. HOLDING OVER
	 	 	19	 
	 
	 	 	 	 
	19. LESSEE’S PERSONALTY
	 	 	19	 
	 
	 	 	 	 
	20. NOTICE
	 	 	20	 
	 
	 	 	 	 
	21. SECURITY DEPOSIT
	 	 	20	 
	 
	 	 	 	 
	22. BROKERAGE
	 	 	20	 
	 
	 	 	 	 
	23. RENEWAL TERMS
	 	 	21	 
	 
	 	 	 	 
	24. END OF TERM
	 	 	21	 
	 
	 	 	 	 
	25. WAIVER
	 	 	21	 
	 
	 	 	 	 
	26. SUBORDINATION, ATTORNMENT AND NON-DISTURBANCE
	 	 	22	 
	 
	 	 	 	 
	27. ESTOPPEL CERTIFICATE
	 	 	22	 
	 
	 	 	 	 
	28. NOTICE OF LEASE
	 	 	22	 
	 
	 	 	 	 
	29. DEFINITION OF LESSOR
	 	 	23	 






 


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	 	 	Page	 
	 
	 	 	 	 
	30. LIMITATION ON LIABILITY
	 	 	23	 
	 
	 	 	 	 
	31. TERMS AND HEADINGS
	 	 	23	 
	 
	 	 	 	 
	32. INVALIDITY
	 	 	23	 
	 
	 	 	 	 
	33. LESSOR’S SIGNS
	 	 	23	 
	 
	 	 	 	 
	34. QUIET ENJOYMENT
	 	 	24	 
	 
	 	 	 	 
	35. LESSOR’S DEFAULT
	 	 	24	 
	 
	 	 	 	 
	36. ATTORNEY’S FEES
	 	 	24	 
	 
	 	 	 	 
	37. ACCORD AND SATISFACTION
	 	 	25	 
	 
	 	 	 	 
	38. BINDING EFFECT
	 	 	25	 
	 
	 	 	 	 
	39. ENTIRE AGREEMENT AND GOVERNING LAW
	 	 	25	 





 


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THIS AGREEMENT OF LEASE (this “Lease”) made as of the
 _____ 

day of November, 2000, by and
between SEYMOUR R. POWERS, LEON GRISS and RUTH GRISS, individuals, with an office address c/o M&M
Realty, Commerce Park, P.O. Box 581, 7 Finance Drive, Danbury, Connecticut 06810 (together, the
“Lessor”) and ADVANCED TECHNOLOGY MATERIALS, INC., a corporation organized and existing under the
laws of the State of Delaware with an office address at 6 Commerce Drive, Danbury, Connecticut
06810 (the “Lessee”).



WITNESSETH AS FOLLOWS:




1. DEFINITIONS.



1.1. As used in this Lease, the following words and phrases shall have the meaning indicated:



(a) “Additional Rent”: All amounts payable by Lessee to Lessor under this Lease other than
Fixed Rent, whether or not expressly stated to constitute Additional Rent.



(b) “Affiliate(s)”: As to any Person, any other person which Controls or is under common
Control with, or is Controlled by such Person.



(c) “Building”: That building containing approximately 31,300 rentable square feet and known
as 6 Commerce Drive, Danbury, Connecticut 06810.



(d) “Business Day”: Any day other than:




(i) A Saturday or Sunday; or




(ii) A federal or state holiday.




(e) “Commencement Date”: The first (1st) day of January, 2001.



(f) “Control(s)(led)”: The direct or indirect ownership of more than fifty (50%) percent of
all the voting stack of a corporation or more than fifty (50%) percent of the legal and equitable
interests in any other type of business entity.



(g) “Fee Mortgagee”: Any holder of a loan secured by a mortgage on, or deed of trust with
respect to, Lessor’s fee simple interest in the Building and/or the Premises or any part thereof,
now or hereafter existing.




(h) “Fixed Rent”: The annual rent described in Section 5 of this Lease.



(i) “Governmental Entity”: Any federal, state, county, village, township or local government
or quasi-government agency, department, office, board or bureau having jurisdiction over the
Premises or any portion thereof.



(j) “Initial Term”: A period commencing on the Commencement Date and ending on the 30th day of
June, 2006.


 


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(k) “Laws”: All laws, statutes, ordinances, rules, regulations, orders, restrictions and other
requirements of any Governmental Entities, present or future, having jurisdiction over or affecting
the Premises or the terms and conditions of this Lease, including, (without limitation), the
Americans with Disabilities Act, as the same may be amended from time to time.




(l) “Lease Year”:



(i) The twelve (12) month period commencing on the Commencement Date; and



(ii) Each twelve (12) month period commencing on each anniversary of the Commencement Date.



(m) “Lessee’s Personalty”: Those items of Lessee’s personal property now or hereafter situated
at the Premises and more particularly described in Section 19 below.



(n) “permits”: All licenses, permits and other written authorizations necessary to permit the
construction, development, ownership, use and occupancy of the Premises in full compliance with the
Laws.



(o) “Person”: A natural person, a partnership, a corporation or any other form of business or
legal association or entity.



(p) “Premises”: The Building and the real property upon which the Building is situated,
together with any other improvements constructed thereon, which real property is more particularly
described in Exhibit A attached hereto and made a part hereof.



(q) “Real Estate Taxes”: All taxes, assessments, water and sewer rents, and other charges
levied upon the ownership of the Premises by any public or quasi-public authority having
jurisdiction. Subject to Section 6.5 below, Real Estate Taxes shall not include any inheritance,
estate, succession, transfer, gift, franchise, corporation, income or profit tax, or capital levy
or taxes, license fees or other charges on the Rent received by Lessor.



(r) “Renewal Option”: Lessee’s option to lease the Premises for the Renewal Terms, as
described in Section 23 below.



(s) “Renewal Term”: Two (2) further consecutive terms of five (5) years each following the
Initial Term in the event that Lessee shall exercise either or both Renewal Options.




(t) “Rent”: The Fixed Rent and the Additional Rent together.



Certain other words and phrases
are defined elsewhere in this Lease, and are indicated by the use of initial capital letters.




 


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2. PREMISES.



2.1. In consideration of the Rent hereby reserved and the covenants herein contained and on
the part of Lessee to be paid, performed and observed, and expressly subject to the provisions of
Section 2.5 below, Lessor does hereby demise and lease
unto Lessee, and Lessee hereby hires from Lessor, the Premises, for the Initial Term, unless sooner
terminated pursuant to any provision of this Lease or pursuant to law.



2.2. It is agreed, stipulated and understood that subject to Section 2.3 below, Lessee hereby
accepts the Premises absolutely and irrevocably in an “as is” and “with all faults” condition, and
Lessee hereby expressly warrants and stipulates that except as may be hereinafter set out, neither
Lessor, nor any agent or employee of Lessor has made any representation or warranty of any
description whatsoever with respect to the Premises or any matters or circumstances related to or
affecting the same.



2.3. After the Commencement Date, Lessee shall, at Lessee’s sole cost and expense, (except as
specified below) perform and complete in a good and workmanlike manner, the fit up work necessary
to adapt the Premises to Tenant’s use as depicted in certain plans to be prepared for Lessee by
Stephen Griss, Architect (the “Lessee’s Work”). All of Lessee’s Work shall be performed at Lessee’s
sole cost and expense but Lessor shall provide an allowance of a maximum of up to $100,000.00
(“Lessor’s Allowance”) toward the cost of renovations to the facility prior to occupancy.



3. USE AND COMPLIANCE.



3.1. Lessee may use the Premises for general office use. Lessee shall not permit, allow or
cause any obnoxious, disturbing or offensive odors, fumes, gas, noise, or any smoke, dust, steam or
vapors, or allow excessive sound or vibration, to originate in or to be emitted from the Building
and Lessee shall not use the Premises in any other manner which has the effect of causing a
nuisance to other occupants of the business park in which the Premises are situated (the “Park”) or
which would materially detract from the value or character of the Premises or the Park.



3.2. Lessor shall, at Lessor’s sole cost and expense, be responsible for ensuring that the
Building and the Premises are as of the Commencement Date and at all times thereafter during the
Initial Term and the Renewal Term (if appropriate) in full compliance with all Laws, provided that
Lessor shall not be responsible for the following, which shall be the responsibility of Lessee, at
Lessee’s sole cost and expense:



(a) ensuring that the Premises and the Building remain in compliance with all Laws where the
need for such compliance arises as a result of Lessee’s particular use of the Premises, whether or
not such use shall be herein permitted;



(b) ensuring that all Alterations (as hereinafter defined) and all Lessee’s Work (insofar as
may be appropriate) are in compliance with all applicable Laws;


 


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(c) ensuring that the roof of the Building remains in compliance with all applicable Laws,
provided that Lessor hereby represents and warrants that as of the Commencement Date (or upon the
completion of the roof, if later) the roof shall be in compliance with all applicable Laws; and



(d) ensuring that all interior structural walls or any other such item for which Lessee is
responsible pursuant to the provision of Section 9.2 below remain in compliance with all applicable
Laws.



Notwithstanding any of the foregoing, it is agreed and understood that nothing contained in this
Section 3.2 shall modify in any way whatever the respective obligations of Lessor and Lessee with
respect to repair and maintenance of the Premises pursuant to the provisions of Section 9 below.



4. ENVIRONMENTAL PROVISIONS.



4.1. Without prejudice to the generality of Section 3 above, it is agreed and understood that
Lessee shall comply with any and all present and future environmental laws, ordinances, rules,
codes, regulations and standards applicable to the Premises and the business conducted therein by
Lessee. In particular (but without limitation) Lessee shall obtain and maintain any and all
permits, licenses, certificates or other authorizations now or hereafter necessary, lawful and/or
proper in order to conduct such business. Copies of all such permits, licenses, certificates and
authorizations shall be delivered to Lessor at or prior to the execution of this Lease, and Lessor
shall be supplied with copies of all renewals thereof.



(a) The term “Hazardous Substances” as used in this Lease, shall include, without limitation,
flammables, explosives, radioactive materials, asbestos, polychlorinated biphenyls (PCB’s),
chemicals known to cause cancer or reproductive toxicity, pollutants, contaminants, hazardous
waste, toxic substances or related materials, petroleum and petroleum products, and substances
declared to be hazardous or toxic under any law or regulation now or hereafter enacted or
promulgated by any Governmental Entity.




(b) Lessee shall not cause or permit to occur:




(i) Any violation of any Laws, related to environmental conditions on, under, or
about the Premises arising from Lessee’s use or occupancy of the Premises, including, but
not limited to, soil and ground water conditions; or




(ii) Any violation of any Laws, related to the use, generation, release, manufacture,
refining, production, processing, storage or disposal of any Hazardous Substance on, under, or
about the Premises, or the transportation to or from the Premises of any Hazardous Substance,
arising from Lessee’s use or occupancy of the Premises.


 


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(c) Lessee, at Lessee’s sole cast and expense, shall comply with all Laws regulating the use,
generation, storage, transportation or disposal of Hazardous Substances and Lessee shall, at
Lessee’s own expense, make all submissions to, provide all information required by, and comply with
all requirements of all Governmental Entities under any and all such environmental Laws.



(d) Should any Governmental Entity or other competent body demand that a cleanup plan be
prepared and that a cleanup be undertaken because of any deposit, spill, discharge or other release
of Hazardous Substances occurring during the term of this Lease, at or from the Premises which
arises at any time from Lessee’s use of occupancy of the Premises, then Lessee shall, at Lessee’s
own expense, prepare and submit the required plans and all related bonds and other financial
assurances, and Lessee shall carry out all such cleanup plans.



(e) At any time during the Initial Term or the Renewal Terms (as appropriate) Lessee shall, if
so requested by Lessor, within thirty (30) days of such written request or immediately after such
request if in Lessor’s opinion an emergency exists, provide all requested information, in writing,
regarding the generation, use, storage, release, discharge, spillage, loss, seepage or emanation of
any Hazardous Substances from or on the Premises. Further, upon five (5) days written notice to
Lessee (except in case of emergency where no notice shall be required) Lessor may enter onto the
Premises and cause to be conducted and completed, by engineers, consultants, and others selected by
Lessor, such investigations, studies, sampling and testing of the condition of the Premises as
Lessor in its sole discretion shall deem appropriate. Lessee agrees to cooperate with Lessor, and
all persons retained by Lessor to conduct such investigations and to provide them with all requested access to the
Premises. In the event that such investigation reveals the presence of any Hazardous Substances in
contravention of any environmental Laws, arising out of Lessee’s use or occupancy of the Premises,
Lessor shall have the option of terminating this Lease, unless the same are removed and disposed of
in compliance with all applicable environmental Laws within ninety (90) days of Lessee receiving
notice thereof. If Lessor elects not to terminate this Lease, Lessee at Lessee’s sole cost and
expense, shall immediately take all actions necessary to comply with any such environmental Laws.
No such investigation, termination or other action by Lessor and no attempts by Lessor to mitigate
damages shall constitute a waiver of any of Lessee’s obligations hereunder. Notwithstanding the
foregoing, Lessor may request such information and enter upon the Premises no more often than twice
in any Lease Year, unless Lessor has reasonable grounds to believe that Hazardous Substances are
present thereat, in contravention of such environmental Laws.



(f) Lessee agrees to indemnify, hold harmless and reimburse Lessor and Lessor’s officers,
directors, beneficiaries, shareholders, partners, agents and employees, if any, against, from and
for any losses, claims, demands, damages, suits, actions, judgments, fines, penalties, liabilities
(joint or several), costs and expenses (including, without limitation, fees and expenses of legal
counsel for Lessor, consultant fees and expenses of investigation and laboratory costs) to which
Lessor may be subjected, or which Lessor may pay, incur or sustain, in consequence of (i) any
presence, discharge, spillage, uncontrolled loss, seepage, emanation or filtration of any Hazardous
Substances upon or from the Premises occurring hereafter or directly or indirectly caused by events
or actions occurring during the Initial Term and (if appropriate) the Renewal Term arising from
Lessee’s use or occupancy of the Premises; (ii) the violation, by Lessee of any environmental Laws;
(iii) any personal injury (including wrongful death) or damage to property (whether real or
personal) caused, directly or indirectly, by an occurrence described in (1) or (ii) above; and (iv)
any breach of any representation or warranty contained in this Section 4.2.


 


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(g) Lessor agrees to indemnify, hold harmless and reimburse Lessee and Lessee’s officers,
directors, beneficiaries, shareholders, partners, agents and employees, if any, against, from and
for any losses, claims, demands, damages, suits, actions, judgments, fines, penalties, liabilities
(joint or several) costs and expenses (including, without limitation, fees and expenses, of legal
counsel for Lessee, consultant fees and expenses of investigation and laboratory costs) to which
Lessee may be subjected, or which Lessee may pay, incur or sustain, in consequence of any presence,
discharge, spillage, uncontrolled loss, seepage, emanation or filtration of any Hazardous
Substances at the Premises which occurs as a result of the willfulness or negligence of Lessor or
of Lessor’s agents or employees, or which occurred at any time prior to Lessee’s use or occupancy
of the Premises.



5. FIXED RENT.



5.1. During the Initial Term, commencing November 15, 2000, Lessee shall pay as Fixed Rent, by
way of checks made out to the order of Lessor (or as Lessor shall direct) and mailed to Lessor at
Lessor’s above-referenced office address (or to such person or address as may otherwise from time
to time be directed by Lessor in writing) the annual sum of TWO HUNDRED ELEVEN THOUSAND TWO HUNDRED
SEVENTY FIVE AND 00/100 ($211,275.00) DOLLARS, payable in advance on the first Business Day of each
month, in equal monthly installments of SEVENTEEN THOUSAND SIX HUNDRED SIX AND 25/100 ($17,606.25)
DOLLARS prorated for any partial month during the Initial Term.



5.2. In the event that Lessee shall exercise the first Renewal Option pursuant to Section 23
below, then during the first Renewal Terra commencing July 1, 2006,
Lessee shall pay as Fixed Rent, by way of checks made out to the order of Lessor (or as Lessor
shall direct) and mailed to Lessor at Lessor’s above-referenced office address (or to such person
or address as may otherwise from time to time be directed by Lessor in writing) the annual sum of
TWO HUNDRED SEVENTEEN THOUSAND SIX HUNDRED-THIRTEEN AND 25/100 ($217,613.25) DOLLARS, payable in
advance on the first Business Day of each month, in equal monthly installments of EIGHTEEN THOUSAND
ONE HUNDRED-THIRTY FOUR AND 44/100 ($18,134.44) DOLLARS.



5.3. In the event that Lessee shall exercise the second Renewal Option pursuant to Section 23
below, then during the second Renewal Term commencing July 1, 2011, Lessee shall pay as Fixed Rent,
by way of checks made out to the order of Lessor (or as Lessor shall direct) and mailed to Lessor
at Lessor’s above-referenced office address (or to such person or address as may otherwise from
time to time be directed by Lessor in writing) the annual sum of TWO HUNDRED TWENTY-FOUR THOUSAND
ONE HUNDRED FORTY-ONE AND 65/100 ($224,141.65.00) DOLLARS, payable in advance on the first Business
Day of each month, in equal monthly installments of EIGHTEEN THOUSAND SIX HUNDRED SEVENTY-EIGHT AND
47/100 ($18,678.47) DOLLARS.


 


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6. REAL ESTATE TAXES.



6.1. Lessee shall be responsible for the payment of all Real Estate Taxes and from and after
the Commencement Date, Lessee, following receipt from Lessor of Real Estate Tax bill(s) with
respect to the Premises, shall promptly pay the same directly to the appropriate Governmental
Entity, as Additional Rent hereunder. Appropriate apportionments shall be made as of the
Commencement Date, and on the termination of the Initial Term (or upon the termination of the
Renewal Term, if appropriate) between Real Estate Taxes payable by Lessee hereunder, and Real
Estate Taxes payable by Lessor.



6.2. Notwithstanding anything contained in Section 6.1 above, it is agreed and understood that
in lieu of paying Real Estate Taxes directly, Lessee will make a monthly escrow payment to Lessor
with respect to Real Estate Taxes, in the event that such an escrow is required of Lessor by any
Fee Mortgagee, such monthly escrow payment to be in the amount required by any such Fee Mortgagee
(but not to exceed one-twelfth (1/12th) of the estimated Real Estate Taxes, plus any initial
payment required in order to fund such escrow), provided however, that in such event, Lessor shall
maintain such tax escrow payments in an interest bearing account, and all interest earned shall be
accounted for and paid to Lessee on a quarterly basis. It is agreed and understood that Lessor
shall use all reasonable efforts to resist the imposition of any such tax escrow by any existing or
future Fee Mortgagee.



6.3. Lessee shall also pay:



(a) All taxes which may be levied, imposed or assessed against Lessee’s Personalty and/or any
leasehold improvements made by or on behalf of Lessee following the Commencement Date, Lessee’s
leasehold interest, Lessee’s right to occupy the Building and/or the Premises and any other taxes
incident to the operation of Lessee’s business therein; and




(b) Any business license fees required for the operation of Lessee’s business.



6.4. Provided that Lessee shall pay seventy-five (75%) percent of the amount of any Real Estate
Taxes which Lessee proposes to dispute, or such other percentage as may from time to time be
required pursuant to the provisions of C.G.S. Section 12-53(d) or any successor thereto, Lessee may
contest the validity or amount (including the assessed valuation of the Premises) of any Real
Estate Taxes payable by Lessee
hereunder. In the event of any such contest, the payment of the remaining part of the Real Estate
Taxes may be deferred during the pendency of the same, provided the same is diligently prosecuted,
and Lessor agrees, without cost or expense to Lessor, to join such contest and provide reasonable
assistance to Lessee upon Lessee’s request, provided that Lessee shall be entitled to receive the
full amount of any refund applicable to any period of occupancy by Lessee. Nothing herein
contained, however, shall be construed so as to allow such items to remain unpaid for such length
of time as would permit the Premises, or any part thereof, to be sold by any Governmental Entity
for non-payment of Real Estate Taxes. Within thirty (30) days after the due and payable amount of
the contested Real Estate Taxes is determined by a final, unappealable judgment, Lessee shall pay
the amount so determined, together with any penalties, interest and expenses payable therewith.


 


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6.5. In the event that at any time during the Initial Term, or any Renewal Term (if
appropriate) the present method of taxation or assessment shall be so changed that the whole or any
part of the taxes, assessments, levies, impositions or charges now levied, assessed or imposed on
real estate and the improvements thereon shall be discontinued and as a substitute therefor, or in
lieu thereof, or as an addition thereto, taxes, assessments, levies, impositions or charges shall
be levied, assessed and/or imposed wholly or partially as a capital levy or otherwise upon the
rents received from such real estate and the improvements thereon, then such substitute or
additional taxes, assessments, levies, impositions or charges, to the extent so levied, assessed or
imposed, shall be payable by Lessee, as if the same were expressly defined as the Real Estate Taxes
hereunder.



7. INSURANCE
AND INDEMNITY.



7.1. Throughout the Initial Term and the Renewal Terms (if appropriate) Lessee shall, at
Lessee’s sole cost and expense, maintain or cause to be maintained such insurance coverages as
Lessor from time to time shall reasonably request and which are generally consistent with insurance
coverages required of other tenants in similar buildings and businesses in the Danbury area, and
initially Lessee shall maintain the following coverages in the following amounts (the “Required
Insurance”):



(a) “All Risk” insurance coverage, on a full replacement cost basis, covering the Building and
all other buildings, improvements (including any plate glass) and fixtures now or hereafter
constituting part of the Premises (but not including any improvements made by Lessee) other than
the Lessee’s Work written in favor of Lessor and all Fee Mortgagees of which Lessee has notice, as
their interests may appear, with Lessor named as loss payee;



(b) Commercial general liability insurance (broad form) with respect to the Premises and the
conduct and operation of business thereat, on an “occurrence coverage” basis with Lessor and all
Fee Mortgagees of which Lessee has notice, named as additional insureds, with limits of not less
than FOUR MILLION AND 00/100 ($4,000,000.00) DOLLARS combined single limit for any one occurrence
of bodily injury, personal injury or death to any number of persons and for property damage, which
coverage may be placed in any combination of primary and umbrella and/or excess policies;



(c) Fire and extended coverage insurance with respect to any Alterations made by Lessee,
Lessee’s Personalty and any such other items belonging to and situated in the Building, in amounts
equal to the full replacement value thereof, naming Lessee as the sole loss payee;



(d) Any other insurance required for compliance with any applicable Laws.


 


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7.2. Lessee shall deliver to Lessor binders or certificates evidencing the required insurance
at least ten (10) Business Days prior to the Commencement Date. Lessee shall procure and pay for
renewals of the required insurance before the expiration thereof, and Lessee shall deliver to
Lessor binders or certificates evidencing such renewal within thirty (30) days of the expiration of
any existing policy. All such policies shall be issued by companies approved by Lessor (which
approval shall not be unreasonably withheld or delayed) and licensed to do business in the State of
Connecticut, and shall contain a provision whereby the same cannot be changed, cancelled or not
renewed (including, without limitation, for nonpayment of premium) unless Lessor and all Fee
Mortgagees of which Lessee has notice, are given at least thirty (30) days’ prior written notice of
such change, cancellation or non-renewal. All such policies shall be written on an “occurrence
coverage” basis.



7.3. Lessee hereby covenants and agrees, to indemnify and hold harmless Lessor and all Fee
Mortgagees from and against any and all loss, cost, liability and/or expense (including attorneys
fees) that may arise from the date hereof up to the termination of this Lease, howsoever and
whensoever determined; on account of or arising out of negligent or intentional act or omission of
Lessee or of Lessee’s agents, contractors, servants, employees or invitees on or about the
Premises.



8. LESSOR’S RIGHT OF ENTRY.



8.1. Lessor, all Fee Mortgagees, and their respective agents and representatives, at all
reasonable times and upon written notice in advance (except in, cases of emergency) may enter the
Premises for the purpose of (i) inspection thereof; (ii) making such repairs, replacements,
alterations or additions to the Premises as Lessor may be required or permitted to carry out under
this Lease; (iii) exhibiting the Premises to prospective lenders and purchasers; or (iv) exhibiting
the Premises to prospective tenants, purchasers or other persons within the last ninety (90) days
of the Initial Term or the last exercised Renewal Term (if appropriate) in each case without
imposing any extra obligation or obligations upon Lessor, provided that Lessor shall be accompanied
by an agent of Lessee at all times (except in cases of emergency), and shall not damage the
Premises or unreasonably interfere with the Lessee’s use and enjoyment of the Premises.



9. REPAIRS AND MAINTENANCE.



9.1. From and after the Commencement Date, Lessor, at Lessor’s sole cost and expense, shall
repair, maintain and keep in good condition the footing, foundations and structural walls of the
Building, but not including the roof of the Building and further excepting any structural repairs
or maintenance required as a result of the negligence of Lessee, or of Lessee’s agents,
contractors, servants, employees or invitees on or about the Premises, or which otherwise arises as
a result of Lessee’s use of the Premises whether or not permitted hereunder.



9.2. From and after the Commencement Date, Lessee, at Lessee’s sole cost and expense, shall
repair, maintain and keep in good condition the roof of the Building and the roof structure
following completion of the same by Lessor (subject to Lessor’s responsibilities contained in
Section 9.1 above) and the interior of the Building which shall include all systems and equipment
within the Building including (but not limited to) repair and maintenance of all elevators, HVAC
systems, boilers, mechanical systems, electrical systems, sprinklers, security systems, plumbing
systems and associated equipment within the Building, and Lessee shall also be responsible for any
repairs or maintenance which would otherwise be the responsibility of Lessor pursuant to Section
9.1 above, but the need for which arises as a result of Lessee’s activities as therein more
particularly described. Notwithstanding the foregoing, Lessee shall not be responsible for any such
repairs and maintenance, the need for which arises as a result of the negligence of Lessor or of Lessor’s
agents, contractors, servants, employees or invitees.


 


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9.3. Lessee shall at all times keep the hallways and entrances to the Building free and clear
of debris, and shall also provide for interior janitorial service (including carpet maintenance),
interior painting (and re-painting, where necessary), replacement of lighting ballasts and bulbs,
and interior and exterior window cleaning.



9.4. Lessee shall, at Lessee’s sole cost and expense, repair and maintain, in a manner
consistent with comparable first-class office space in Fairfield County, Connecticut, the parking
area, access roads, sidewalks, lawns and planting areas at the Premises, which maintenance shall
include (as necessary, desirable and/or appropriate) the mowing, landscaping, plowing, sanding and
sweeping thereof. With respect to the access roads that do not form a part of the Premises but are
within the Park, Lessor shall maintain the same in a manner consistent with that of comparable
business parks, including paving, sanding and plowing the same, and Lessee shall pay Lessee’s pro
rata share of the cost thereof to Lessor, as reasonably determined by Lessor.



9.5. Lessee shall not permit, allow or cause any act or deed to be performed or any practice
to be adopted or followed on the Premises and/or within the Building which shall cause or be likely
to cause injury or damage to any person or to the Premises or to any part thereof. Lessee at all
times shall keep the Premises and the Building in a neat and orderly condition and clean and free
from rubbish, dirt and other miscellaneous items. Lessee shall make provision for adequate refuse
containers to be placed upon the Premises in areas to be designated by Lessor and shall cause the
same to be emptied periodically. Lessee shall deposit all refuse in such containers and shall keep
the area around the same reasonably neat and attractive.



10. ALTERATIONS.



10.1. Lessee shall not, without first obtaining Lessor’s written consent, make or perform, or
permit the making or performance of, any alterations, installations, improvements, additions and/or
other physical changes in, to or upon the Building, interior or exterior, or the Premises or any
portion thereof (“Alterations”), provided, however, that minor items of repair, adjustment and
decoration not exceeding a cost of $30,000.00 for any one project (soft costs and hard costs
together) shall not be deemed “Alterations” for the purposes of this Lease, but only if such minor
items of repair are strictly non-structural in nature.



10.2. Notwithstanding the obtaining of Lessor’s consent to any Alterations, all Alterations
shall be made and performed at Lessee’s sole cost and expense. Further, it is agreed, stipulated
and understood (i) that together with Lessee’s request for Lessor’s consent to any Alterations,
Lessee shall submit to Lessor detailed plans and specifications and such other information with
respect to the proposed Alterations as Lessor shall reasonably request, (ii) that Powers
Construction Company shall be provided with reasonable opportunity to bid with respect to carrying
out of any Alterations, and (iii) that if the Alterations are not to be carried out by lowers
Construction Company, then Lessee shall deliver notice to Lessor of the name and address of the
proposed contractor, and if Lessor objects to such contractor carrying out Alterations to the
Premises and can show reasonable grounds for such objection then Lessee shall not employ such
contractor to carry out the Alterations in question.



 


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10.3. Prior to the commencement of any proposed Alterations, Lessee shall furnish to Lessor
duplicate original policies of (or Certificates of Insurance
evidencing) worker’s compensation insurance covering all persons employed by Lessee in connection
with such Alterations, including those to be employed by all contractors and subcontractors and
such policies shall be issued by companies, and shall be in form and amounts, reasonably
satisfactory to Lessor and shall be maintained by Lessee or by the applicable contractors or
subcontractors, as the case may be, until the completion of such Alterations. Lessee shall also
furnish partial waivers of mechanics liens for all work performed and paid for in connection with
such Alterations, and copies of all necessary Permits.



10.4. In the event that any mechanics or other lien or any notice of intention to file a lien
is filed against the Premises in connection with any Alterations, Lessee shall promptly cause the
same to be discharged of record by payment, bond, order of a court of competent jurisdiction or any
other method permitted by law, and in any event, within sixty (60) days after receiving notice of
the same. Lessee shall indemnify and save Lessor harmless from and against all costs, liabilities,
suits, penalties, claims, and demands (including reasonable counsel fee and disbursements) in
connection with the commencement and prosecution of the foreclosure of any such mechanics or other
lien. If Lessee shall fail to comply with the foregoing provisions, Lessor shall have the option
(but not the obligation) of paying and discharging or bonding any such lien, the cost thereof to be
payable by Lessee to Lessor within ten (10) days of receiving a bill therefor, as Additional Rent
hereunder.



10.5. Notwithstanding Lessor’s approval of plans and specifications for any Alterations, all
Alterations shall be made and performed in full compliance with all applicable Laws then in effect
and all necessary Permits, and all materials and equipment to be incorporated in the Building as a
result of any Alterations shall be of a quality consistent with that existing at the date thereof.
Lessor shall jointly sign any application made by Lessee for any building permit whether or not the
work in question requires Lessor’s consent hereunder.



10.6. Approval by Lessor of any plans, specifications or selection of materials by Lessee in
connection with any Alterations shall not constitute an assumption of any responsibility by Lessor
of any kind, including (but not limited to) as to their accuracy or sufficiency. Lessee shall be
solely responsible for such plans, specifications and the selection of materials. Lessee covenants
and agrees to indemnify Lessor and hold Lessor harmless against and from any and all claims, costs,
suits, damages and liability whatsoever arising out of or as a result of any Alterations performed
by Lessee or by Lessee’s contractors, subcontractors, agents or employees, including reasonable
attorneys fees for the defense thereof.


 


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10.7. All Alterations and any replacements therefor, whether temporary or permanent in
character, which are made by Lessee pursuant to the provisions of this Section 10 (unless the same
shall constitute Lessee’s Personalty pursuant to the provisions of Section 19.1 below) shall be the
property of Lessor immediately upon the installation of the same and shall remain upon and be
surrendered with the Premises as a part thereof at the expiration of the Initial Term or, if
appropriate, the Renewal Term, without compensation to Lessee. Notwithstanding the foregoing, at
the expiration of the Initial Tern or Renewal Term (as appropriate) Lessor shall have the option to
require Lessee, at Lessee’s sole cost and expense, to restore the Premises to their condition prior
to the carrying out of such Alterations, ordinary wear and tear excepted, provided that it is
agreed and understood that this option of Lessor shall not apply to Lessee’s Initial Work or
Lessee’s Additional Work, and provided further that Lessor shall only be permitted to require such
restoration in the event that Lessor made such a requirement an express condition of Lessor’s
consent and such Alterations at the time such consent was granted.



11. DAMAGE AND DESTRUCTION.



11.1. In the event that the Building is damaged or destroyed by fire or other casualty so that
(i) more than one half (1/2) of the rentable square feet of the Building is rendered untenantable,
or (ii) Lessee reasonably determines that the undamaged portion of the Building is not reasonably
adequate for the conduct of Lessee’s normal business operations, then Lessor or Lessee may elect to
terminate this Lease by written notice to the other, given within sixty (60) days after the date of
such damage or destruction. Any notice given hereunder shall specify a date for the expiration of
this Lease, upon which date the initial Term of the Renewal Term (as appropriate) shall expire and
Lessee shall quit, surrender and vacate the Premises, and this Lease shall thereupon be rendered
void and of no further effect, provided however that such expiration shall be without prejudice to
all rights,. duties and obligations arising under this Lease prior thereto, so that all Rent as
equitably adjusted, shall be paid up to the date of expiration, and any Rent paid by Lessee on
account of any period subsequent to such date, shall be promptly returned by Lessor to Lessee. All
insurance proceeds shall be the sole and absolute property of Lessor.



11.2. In the event that neither Lessor nor Lessee shall terminate this Lease pursuant to
Section 11.1 above following any such damage or destruction, or in the event that less than one
half (1/2) of the rentable square feet of the Building is rendered untenantable, then as promptly
as possible, but in any event within one hundred twenty (120) days of the date on which Lessor
obtains the insurance proceeds attributable thereto (the “Restoration Commencement Date”), Lessor
shall repair and restore the Building to the condition the same was in at the date hereof (or as
near as possible thereto) provided that all such repair and restoration shall be subject to the
receipt by Lessor of sufficient insurance proceeds, it being hereby agreed and understood that
Lessor shall not have any obligation to use any monies other than said insurance proceeds for the
purpose of such repair and restoration. It is further agreed and understood that Lessor shall not
be responsible for repair or restoration of any Alterations made by Lessee or responsible for the
replacement of Lessee’s Personalty. In the event that any such repair or restoration is not
completed within one hundred twenty (120) days from the Restoration Commencement Date then subject
to any force majeure preventing the same, Lessee may elect to terminate this Lease in the manner
set out in Section 11.1 above. During any such repair and restoration, until the same shall have
been substantially completed, the Rent payable hereunder shall be prorated, according to that
proportion of the Building which remains usable by Lessee for the conduct of
Lessee’s normal business operations.


 


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12. SIGNS.



12.1. Lessee shall have the right, at Lessee’s sole cost, to erect, install, display and
maintain in or upon the Premises, both exterior and interior signs and lettering, provided that the
design and location of the same shall be subject to the reasonable approval of Lessor, to be
granted or denied within thirty (30) days of submission thereof to Lessor. Lessee’s current sign
and lettering are hereby expressly approved by Lessor.



13. UTILITIES.



13.1. Lessee shall procure for Lessee’s own account and shall pay the cost for the use of all
gas, electric, telephone, heat, air conditioning, sewer, water and other utilities consumed in or
at the Premises by Lessee during the Initial Term and the Renewal Terms. It is agreed and
understood that Lessor shall not be responsible
for any interruption in service with respect to any of the foregoing, unless caused by the
willfulness or gross negligence of Lessor.



14. EMINENT DOMAIN.



14.1. Lessor and Lessee agree that should all or substantially all (meaning ninety (90%)
percent or more) of the Building and/or the Premises be taken (which term when used herein shall
include any conveyance made in avoidance or settlement of condemnation or eminent domain
proceedings) by any Governmental Entity whether by eminent domain or condemnation proceeds (a
“Taking”) then this Lease shall cease and terminate as at the date of the Taking, and the Rent
shall be paid up to such date, and thereafter this Lease shall be null and void and of no further
effect.



14.2. Lessor and Lessee agree that in the event of a partial taking (a “Partial Taking”) of
the Premises which does not constitute a Taking under Section 14.1 above, where at least sixty
(60%) percent o(pound) the Premises (which shall include at least fifty (50%) percent of the
Building) can be used (practicably and legally) by Lessee for the same purposes as prior to the
Partial Taking, this Lease shall continue in effect as to that part of the Premises remaining after
such Partial Taking. In the event of a Partial Taking which does not fulfil the foregoing criteria,
then either party may, upon notice to the other, delivered no later than sixty (60) days after the
date on which Lessee shall have received notice of such Partial Taking, terminate this Lease, as of
the date of such Partial Taking.



14.3. In the event of a Partial Taking which does not result in the termination of this lease
(for whatever reason) the amount of Rent payable during the remainder of the Initial Term, or, if
appropriate, the Renewal Term, shall be prorated according to the square footage of the Building
still usable by Lessee, and Lessor shall, at Lessor’s expense (but only to the extent of the net
award or other compensation available to Lessor for the improvements taken or conveyed, after
deducting all expense in connection with obtaining the same) make all necessary alterations
(subject to applicable Laws) so as to constitute the remaining portion of the Building a complete
architectural unit, consistent with the quality and character of the same at the date hereof,
provided that Lessor shall have no obligations with respect to any Alterations carried out by
Lessee, which shall be restored by Lessee, at Lessee’s expense.




 


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14.4. All awards and compensation for any Taking or Partial Taking shall be the property of
Lessor, and Lessee hereby assigns to Lessor all of Lessee’s right, title and interest in and to any
and all such awards and compensation, including, without limitation, any award or compensation for
the value of the unexpired portion of the Initial Term or the Renewal Term (as appropriate).
Notwithstanding the foregoing, Lessee shall be entitled to claim, prove and receive in the
condemnation proceeding, such award or compensation as may be allowed for Lessee’s trade fixtures
and for the unamortized cost (if any) of Lessee’s Personalty and for loss of business, goodwill,
moving expenses, depreciation or injury to and cost of removal of stock in trade and for the
unamortized cost of any Alterations made by Lessee, provided the same does not reduce any award to
or claim of Lessor.



14.5. Lessor shall deliver to Lessee prompt notice of any proposed Taking or Partial
Taking.



15. ASSIGNMENT AND SUBLETTING.




15.1. Lessee shall not be permitted to assign Lessee’s interest under this Lease or any part
thereof, provided, however, that a transfer of (i) a controlling interest of the capital stock of
Lessee or (ii) all or substantially all of the assets of Lessee located at the Premises to a person
or entity having a consolidated net worth in excess of $4,000,000.00, shall not be considered an
“assignment” for the purposes of this Section 15.1 and shall not require Lessor’s consent. Lessee
shall not be permitted to mortgage or otherwise encumber Lessee’s interest in the Premises, or any
part thereof, without the prior written consent of Lessor, which consent shall not be unreasonably
conditioned, withheld or delayed. Lessee may not sublet all or any part or parts of the Premises
without the prior written consent of Lessor. If Lessee shall desire to sublet, Lessee shall first
submit in writing to Lessor a notice setting forth in reasonable detail:



(a) The identity and the address of the proposed subtenant (a “Proposed Subtenant”);



(b) The nature and character of the business of the Proposed Subtenant and the proposed use of
the Premises by the Proposed Subtenant;



(c) Banking, financial and other credit information relating to the Proposed Subtenant,
reasonably sufficient to enable Lessor to determine the Proposed Subtenant’s financial
responsibilities; and



(d) The effective date of the proposed subletting.



Lessor shall only be able to take the foregoing factors into account for the purpose of granting or
withholding consent to proposed subletting, and Lessor may not take into account the financial
terms contained in any agreement made between Lessee and a Proposed Subtenant with respect to any
proposed subletting. In the event that Lessor shall fail to respond to a proposed subletting within
twenty (20) days of notice by Lessee, Lessor shall be deemed to have approved the same.


 


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15.2. Notwithstanding the provisions of Section 15.1 above, it is agreed and understood that
upon prior notification to Lessor, Lessee may sublet all or any part of the Premises to any
Affiliate.



15.3. It is agreed and understood that following any assignment or subletting, whether or not
permitted hereunder, Lessee shall remain liable for the due performance of all of Lessee’s
obligations hereunder.



16. LESSEE’S DEFAULT, REMEDIES.




16.1. The happening of either one of the following events (an “Event of Default”), shall
constitute a breach of this Lease on the part of Lessee:



(a) The failure of Lessee to pay any Rent due hereunder and the continued failure to pay the
same for seven (7) days or more after the due date thereof; and



(b) Default by Lessee in the performance of any non-monetary obligation hereunder, and the
continuance of such default for thirty (30) days after Lessor shall have given Lessee a notice
specifying the nature of the same, provided, however, that if the curing of any such default cannot
reasonably be completed within such thirty (30) day period, no Event of Default shall be deemed to
have occurred if Lessee promptly commences to cure and correct such default and thereafter cures
the same within a reasonable time, taking into account all relevant circumstances.



16.2. Upon the happening of any Event of Default (a) Lessor, if Lessor shall so elect, may
collect such installment of Rent hereunder as and when the same becomes due, or (b) Lessor or any
other person by Lessor’s order may re-enter the Premises without process of law and may either
elect to terminate this Lease, or not to terminate this Lease but terminate Lessee’s right to
possession and occupancy, and relet the Premises, or part or parts thereof, to any person, firm or
corporation, as the agent of Lessee, for whatever rent Lessor shall obtain, applying the monies
obtained from such re-letting first to the payment of such reasonable expenses as Lessor may incur
in the re-entering and re-letting of the Premises, or part or parts thereof, including (but not
limited to) all necessary repair work, repossession costs, brokerage commissions, legal expenses,
attorneys fees and the collection of rent therefrom, and then to the payment of the Rent due
hereunder and the fulfillment of all other covenants of Lessee. In the event of a surplus, Lessor
shall pay such surplus monies to Lessee. In the case of a deficiency, Lessee shall pay to Lessor an
amount equal to such deficiency each month, upon demand therefor.



16.3. After an Event of Default, the acceptance of Rent or failure to re-enter by Lessor shall
not be held to be a waiver of Lessor’s right to terminate this Lease, and Lessor may re-enter and
take possession of the Premises as if no Rent had been accepted after an Event of Default. All of
the remedies given to Lessor in this Lease pursuant to an Event of Default by Lessor are in
addition to all other rights or remedies to which Lessor may be entitled at law or in equity. All
remedies shall be deemed cumulative and the election of one shall not be deemed a waiver of any
other or further rights or remedies.


 


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16.4. Notwithstanding any of the foregoing, it is agreed and understood that Lessor shall use
commercially reasonable efforts to re-let the Premises to one or more tenants upon vacation thereof
by Lessee, following an Event of Default, in order to mitigate damages. Any such re-letting shall
be on commercially reasonable terms and conditions, but Lessor shall have full right and authority
to offer such rent-free periods or other such inducements as Lessor may reasonably consider
necessary or desirable.



16.5. Without prejudice to any of Lessor’s rights and remedies following an Event of Default,
as herein contained, or at law, in the event that Lessee shall neglect or fail to perform or
observe any of the non-monetary covenants on the part of Lessee herein contained, or if Lessee
shall fail to continue to conclusion the action necessary to remedy such an Event of Default, with
diligence or dispatch, Lessor, at Lessor’s option may perform the same for the account of Lessee
and all reasonable costs and expenses paid by Lessor for such purpose shall be paid by Lessee
within ten (10) Business Days after demand therefor by Lessor, as Additional Rent hereunder.



16.6. In the event that any installment of Fixed Rent or any sum of Additional Rent due
hereunder is not paid by Lessee to Lessor upon the due date therefor (taking into account any
applicable grace period herein provided for) then without prejudice to any and all of Lessor’s
rights and remedies following such default (whether herein contained or existing at law or in
equity) it is agreed, stipulated and understood that as Additional Rent hereunder, Lessee shall pay
to Lessor a penalty in the amount of five (5%) percent of the overdue amount, such sum to be
payable together with the overdue Fixed Rent or Additional Rent in question.



17. WAIVER OF SUMMARY PROCESS.




17.1. Whenever this Lease shall terminate, either by lapse of time or by virtue of any of the
express stipulations herein, Lessee waives any rights Lessee may have to the receipt of any notice
to quit possession, pursuant to any relevant Laws, now or hereafter existing.



18. HOLDING OVER.




18.1. In the event that Lessee shall (with or without the written consent of Lessor endorsed
hereon or upon any duplicate hereof) at any time holdover the Premises beyond the Initial Term, or,
if appropriate, the Renewal Term, Lessee shall hold the Premises upon the same terms and conditions
and under the same stipulations and agreements as are in this Lease contained, except that each
monthly installment of rent payable shall be one hundred fifty (150%) percent of the amount payable
by Lessee immediately prior to any such holdover, and no holding over by Lessee shall operate to
renew this Lease, or shall create any other type of tenancy whatsoever.



19. LESSEE’S PERSONALTY.




19.1. All furniture, furnishings, trade fixtures, business machines, communications equipment,
movable partitions, and any other such property and equipment supplied and owned by Lessee
(“Lessee’s Personalty”) and installed or used by Lessee at the Premises (whether or not attached
thereto) shall remain the property of Lessee, and shall promptly be removed upon the demand of
Lessor (or at Lessee’s election) upon the termination of the Initial Term or (if appropriate) the
Renewal Term (howsoever determined) and following such removal, Lessee shall repair any damage
caused thereby, provided that “damage” shall not include damages as a result of diminution in value
resulting from such removal.


 


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20. NOTICE.




20.1. Any and all notices called for or required by any provision of this Lease shall be
delivered to the respective parties by certified mail, return receipt requested, at the following
address:




	 	(a)	 	To Lessor:






c/o M&M Realty

Commerce Park

P.O. Box 581

Danbury, Connecticut 06813




With a copy to:




Michael G. Proctor, Esq.

Pullman & Comley

850 Main Street

P.O. Box 7006

Bridgeport, Connecticut 06601-7006




	 	(b)	 	To Lessee:






Advanced Technology Materials, Inc.

Attention: Daniel P. Sharkey

6 Commerce Drive

Danbury, Connecticut 06810



Such addresses may be changed by either party by notifying the other party in the above
stipulated manner.



21. SECURITY DEPOSIT. There is no security deposit.




22. BROKERAGE.




22.1. Lessor and Lessee represent and warrant, each to the other, that they neither consulted
nor negotiated with any broker or finder with respect to the leasing of the Premises other than
Ryer Associates and Melvyn J. Powers, who co-brokered this transaction, and agree to indemnify and
hold the other harmless from any damages, costs and expenses suffered by the other by reason of any
breach of the foregoing representation. Lessor shall have no liability for brokerage commissions
arising out of any sublease or assignments by Lessee, and Lessee shall and does hereby indemnify
Lessor and holds Lessor harmless from any and all liabilities for brokerage commissions arising out
of any such sublease or assignment.


 


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23. RENEWAL TERMS.




23.1. Lessee shall have the option to lease the Premises during the first Renewal Term and
during the second Renewal Term in the event that Tenant shall have exercised the first Renewal
Term, upon the following terms and conditions:



(a) That at the time of the exercise of the Renewal Option in question, Lessee shall not be in
default in the performance of any of the terms, covenants or conditions herein contained with
respect to which notice of default has been given hereunder (where required) and which has not been
remedied within the applicable grace period;



(b) That the first Renewal Term shall be upon the same terms, covenants and conditions as this
Lease, except with respect to the amount of the Fixed Rent which shall be that set out in Section
5.3 above;



(c) That the second Renewal Term shall be upon the same terms, covenants and conditions as
this Lease, except with respect to the amount of the Fixed Rent which shall be that set out in
Section 5.4 above;



(d) That Lessee shall exercise either Renewal Option by notifying Lessor of Lessee’s election
to exercise the same at least fourteen (14) months prior to the expiration of the Initial Term or
the first Renewal Term (as appropriate), so that upon the delivery of any such notice, this Lease
shall be deemed extended for the Renewal Term in question without execution of any further
instrument.



23.2. In addition to the Fixed Rent, Lessee shall continue to pay Additional Rent throughout
the Renewal Term in the manner provided for in this Lease above.



24. END OF TERM.




24.1. At the expiration or sooner termination of the Initial Term or Renewal Term (as
appropriate) Lessee shall quit and surrender to Lessor the Premises, broom clean and in good order
and condition, ordinary wear and tear, condemnation, damage by casualty and damage to be repaired
by Lessor excepted and together with any and all Alterations unless Lessor shall have instructed
Lessee to remove the same, assuming Lessor shall have the authority to do so pursuant to the
provisions of Section 10.7 above. Any Lessee’s Personalty remaining on the Premises may, at the
option of Lessor, be deemed to be abandoned and thereafter may either be retained by Lessor as
Lessor’s personal property or be disposed of in such manner as Lessor may deem fit. Lessee shall
reimburse Lessor for any costs incurred by Lessor for the removal and/or storage of Lessee’s
Personalty.



25. WAIVER.




25.1. The failure of Lessor to insist upon strict performance of any of the covenants or
conditions of this Lease, shall not be construed as a waiver or relinquishment of any such
covenants or conditions, but the same shall be and remain in full force and effect.


 


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26. SUBORDINATION, ATTORNMENT AND NON-DISTURBANCE.




26.1. This Lease shall be subject and subordinate to the lien of any existing mortgage
covering the Premises, or any part thereof, and to any future mortgage, provided that any such
future mortgage (or a subordination, non-disturbance and attornment agreement entered into for the
benefit of Lessee from the holder thereof) shall provide that the Fee Mortgagee holding such
mortgage shall not be entitled to terminate this Lease, or in any way disturb Lessee’s use and
enjoyment and will recognize Lessee’s rights contained in this Lease, where Lessee is not then in
default hereunder beyond any applicable grace period with respect to such default. Lessor shall use
reasonable efforts to obtain similar non-disturbance agreements from any existing Fee Mortgagee.



26.2. Subject to the provisions of 26.1 above, Lessee agrees that Lessee shall attorn to and
recognize any foreclosing Fee Mortgagee or other such successor in interest to Lessor, as Lessee’s
landlord hereunder.



27. ESTOPPEL CERTIFICATE.




27.1. Within ten (10) days following any written request which either party may make from time
to time, the other party shall execute and deliver a statement, certifying (i) the Commencement
Date; (ii) the fact that this Lease is unmodified and in full force and effect (or, if there have
been modifications hereto, that this Lease is in full force and effect, as modified, and stating
the date and nature of such modifications); (iii) the date to which the Rent has been paid (iv) the
fact that there are no current defaults under this Lease by either Lessor or Lessee, except as
specified in such statement, and (v) such other matters reasonably requested. Lessor and Lessee
intend, agree and understand that any such statement delivered pursuant to this Section 27.1 may be
relied upon by any Fee Mortgagee, beneficiary, purchaser or prospective purchaser, mortgagee or
subtenant of the Premises or the Building or any interest therein.



27.2. Either party’s failure to deliver any such statement within the period specified, after
receipt of notice, shall be conclusive upon such party that this Lease is in full force and effect
without modification, that there are no uncured defaults by the requesting party and that not more
than one (1) month’s Rent has been paid in advance.



28. NOTICE OF LEASE.




28.1. Lessor and Lessee shall execute, in recordable form, a Notice of Lease pursuant to
Section 47-19 of the Connecticut General Statutes.


 


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29. DEFINITION OF LESSOR.




29.1. The term “Lessor” as used in this Lease, so far as covenants or obligations on the part
of Lessor are concerned, shall be limited to mean and include only the owner or owners at the time
in question of the fee title to the Premises. In the event of any transfer, assignment or
conveyance of such title to a Person not Controlled by Lessor or related to Lessor, Lessor herein
named shall be automatically freed and relieved from and after the date of such transfer,
assignment or conveyance of all liability with respect to the performance of any covenants or
obligations on the part of Lessor contained in this Lease thereafter to be performed (except as may
be attributable to the period preceding said conveyance, unless expressly assumed by the transferee
of any such interest) and, without further agreement, the transferee of such title or interest
shall be deemed to have assumed and agreed to observe and perform any and all obligations of Lessor
hereunder, during such transferee’s ownership of the Premises. Lessor may, at any time during the
Initial Term or the Renewal Term (if appropriate), transfer Lessor’s interest in the Premises.



30. LIMITATION ON LIABILITY.




30.1. Except as herein expressly stated to the contrary, it is hereby understood and agreed
that none of the individuals comprising Lessor shall have any personal liability hereunder with
respect to any of the covenants, conditions or provisions of this Lease, and that in the event of a
breach or default by Lessor with respect to any of Lessor’s obligations hereunder, Lessee shall
look solely to the estate and property of Lessor (or either of them) in the Premises, for the
satisfaction of Lessee’s remedies, including the collection of a judgment (or other judicial
process) requiring the payment of money by Lessor, and no other property or assets of Lessor shall
be subject to levy, execution or other enforcement procedure for the satisfaction thereof. The
provisions of this Section 30 shall apply only to the Lessor above named. The provisions are not
for the benefit of any insurance company or any other third party.



31. TERMS AND HEADINGS.




31.1. The words “Lessor” and “Lessee” as used herein shall include the plural as well as the
singular. Words used in either gender include the other genders. The Section headings contained in
this Lease are not a part of this Lease and shall have no effect upon the construction or
interpretation of any part of this Lease.



32. INVALIDITY.




32.1. The invalidity of any provision of this Lease shall not be deemed to impair or affect in
any manner the validity, enforceability or effect of the remainder of this Lease, to the extent
such remainder may be given effect in the absence of said invalid provision(s), and, in such event,
all of the other provisions of this Lease shall continue in full force and effect as if such
invalid provision had never been included herein.



33. LESSOR’S SIGNS




33.1. Lessor may at any time place on or about the Premises (excluding the Building) any “for
Sale” signs, and at any time during the last one hundred eighty (180) days of the Initial Term, or
(if appropriate) the last one hundred eighty (180) days of the Renewal Term, Lessor may place “for
Lease” signs on or about the Premises and/or the Building.


 


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34. QUIET ENJOYMENT.



34.1. Lessor hereby represents and warrants that Lessor owns fee simple title to the Premises
and has full authority to grant this Lease and that no other person, firm or corporation need join
in the execution of this Lease by Lessor in order to make Lessor’s execution of this Lease complete
or appropriate. Lessor further covenants that Lessee, upon paying the Rent and faithfully
performing Lessee’s other obligations hereunder, shall peacefully and quietly have, hold and enjoy
the Premises throughout the Initial Terns and the Renewal Term (if appropriate) without hinderance,
ejection or molestation by any person claiming under Lessor, subject to the terms and provisions of
this Lease.



35. LESSOR’S DEFAULT.



35.1. In the event Lessor shall fail to perform or observe any term, covenant, or condition of
Lessor hereunder after thirty (30) days written notice from Lessee of such failure or, if such
failure is not capable of being cured within such thirty (30) day period and Lessor shall fail to
commence to cure the same within such thirty (30) day period and thereafter diligently pursue such
cure to completion within a reasonable time, then Lessee shall have the right (but not the
obligation) to perform such obligation and to charge the cost thereof to Lessor, provided that
Lessee shall have the right to perform such obligation immediately and without notice in the case
of an emergency or material interference with Lessee’s ability to use the Premises. Lessee shall
submit a bill to Lessor for the reasonable cost of performing such work, which amount shall be
payable by Lessor within ten (10) days after receipt thereof. It is agreed and understood that in
no event shall Lessee be permitted to setoff any such sum allegedly due to Lessee against the Rent
reserve hereunder.



35.2. If Lessor rejects this Lease in bankruptcy, Lessee may, at Lessee’s option, terminate
this Lease, If Lessee elects to remain in possession after such rejection by Lessor, the rights and
remedies of the parties shall be governed by the terms and conditions of this Lease.



36. ATTORNEY’S FEES.



36.1. In any proceeding which Lessor or Lessee may prosecute to enforce such party’s rights
hereunder, the unsuccessful party shall pay all costs incurred by the prevailing party, including
reasonable attorney’s fees. Prior to commencing any proceeding, the parties shall each submit to
the other a final offer of settlement. The failure of a party (as plaintiff) to submit a settlement
offer shall be deemed a demand for all of the relief requested in such party’s complaint and the
failure of a party (as defendant) to submit a responding settlement offer within ten (10) days
after receipt of the settlement offer from the plaintiff party shall be deemed a rejection of any
relief for the benefit of the plaintiff party. If the forum in which the proceeding is heard
renders a judgment at least as favorable to a party as such party’s settlement offer, then such
party shall be deemed the prevailing party for the purposes of this Section 36.1.


 


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37. ACCORD AND SATISFACTION.



37.1. No payment by Lessee or receipt by Lessor of a lesser amount than the Rent payment
herein stipulated shall be deemed to be other than on account of the Rent, nor shall any
endorsement or statement on any check (or contained in any letter accompanying any check) be deemed
to constitute an accord and satisfaction, and Lessor may accept any such payment of a lesser amount
without prejudice to Lessor’s right to recover the balance of the Rent or to pursue any other
remedy provided in this Lease, or available at law.



38. BINDING EFFECT.



38.1. This Lease shall inure to the benefit of Lessor and Lessee, and their respective
successors, heirs and assigns, as appropriate. Words importing the singular number include the
plural number and vice versa.



39. ENTIRE AGREEMENT AND GOVERNING LAW.



39.1. This Lease contains the entire agreement between Lessor and Lessee and all prior
negotiations and agreements are merged into this Lease. This Lease may not be changed, modified,
terminated or discharged, in whole or in part, nor any of its provisions waived except by a written
instrument which (i) expressly refers to this Lease, and (ii) is executed by the party against whom
enforcement of such change, modification, termination, discharge or waiver is sought. All Exhibits
attached hereto or referred to herein form an integral part of this Lease and are hereby
incorporated by reference.



39.2. The laws of the State of Connecticut shall govern and control the validity,
interpretation, construction, performance and enforcement of this Lease and shall apply to any
disputes or controversies arising out of or pertaining to this Lease.



39.3. The Lessor’s obligations under this Lease are conditioned upon Lessor entering into an
acceptable Lease Termination Agreement with the current tenant at the Premises by which the current
lease of the Premises will be terminated as of the Commencement Date.


 


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IN WITNESS WHEREOF, Lessor and Lessee have executed and delivered this Lease as of the day and
year first above written.



Signed, sealed and delivered in the presence of:



	 	 	 	 	 
	 	SEYMOUR R. POWERS



LEON GRISS



RUTH GRISS



ADVANCED TECHNOLOGY MATERIALS, INC.

 	 
	 	By:  	 	 
	 	 	Its 	 
	 	 	Duly Authorized 	 



 


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EXHIBIT A




PREMISES




Two (2) certain pieces or parcels of land, together with the buildings thereon, situate in the City
of Danbury, County of Fairfield and State of Connecticut, and bounded and described as follows:



FIRST PARCEL:




A certain piece or parcel of land, situate in the City of Danbury, County of Fairfield and State of
Connecticut, and all buildings thereon standing, together with an addition to the present building
as hereafter described, known as Parcels No. 5 and No. 5A, situated on the Westerly side of
Commerce Drive in the said Danbury, and more particularly shown and designated on a certain map
entitled:




“Map showing Parcel 5A To Be Added To Parcel 5, Commerce Park, Danbury, Conn., Scale 1” =
100’, July 27, 1968, Certified Substantially Correct, Douglas Watson”.



Together with the right to pass and repass for all purposes over the road designated as Commerce
Drive on said Map.



SECOND PARCEL:



All that certain piece or parcel of land, together with the buildings thereon, situate on Commerce
Drive in the City of Danbury, County of Fairfield and State of Connecticut, an particularly
described on a Map Plot Plan, entitled: “Map of Land of Seymour R. Powers To Be Leased to Qualitron
Corporation,” Certified Substantially Correct by Douglas Watson, C.E. & L.S., which map is filed in
the Office of the Town Clerk of said Danbury.




 


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