LEASE AGREEMENT
2000 MAIN STREET, WESTON, FLORIDA
Between
2000 MAIN STREET ASSOCIATES, LLC
as Landlord
and
THE ULTIMATE SOFTWARE GROUP, INC.
doing business in Florida as US Group (DE) Inc.
as Tenant
and
WESTON COMMON AREA LLC,
as Owner of the Weston Town Center Common Property
Dated
November 3, 2010
TABLE OF CONTENTS
1
DEMISED PREMISES
1
2
TERM
2
3
RENT
2
4
REPRESENTATIONS AND WARRANTIES OF LANDLORD AND COMMON AREA OWNER
5
5
INTERIOR IMPROVEMENTS AND POSSESSION OF THE PREMISES
5
6
PERMITTED USE OF PREMISES
5
7
WESTON TOWN CENTER COMMON PROPERTY
7
8
SIGNS
8
9
UTLITIES & TRASH REMOVAL; LANDLORD'S ADDITIONAL SERVICES
8
10
MAINTENANCE & REPAIRS
9
11
ALTERATIONS
9
12
INSURANCE, WAIVER & INDEMNITY
11
13
DAMAGE OR DESTRUCTION
12
14
ASSIGNMENT, TRANSFER & SUBLETTING
14
15
LANDLORD'S AND ASSOCIATION'S INTERESTS NOT SUBJECT TO LIENS
15
16
EMINENT DOMAIN
15
17
SUBORDINATION & ATTORNMENT
16
18
END OF TERM
16
19
ENVIRONMENTAL COMPLIANCE
17
20
DEFAULT
18
21
MISCELLANEOUS
21
EXHIBIT A WESTON TOWN CENTER SITE PLAN
27
EXHIBIT B SECOND FLOOR PLAN OF BUILDING
28
EXHIBIT C TENANT'S WORK
29
EXHIBIT D WESTON TOWN CENTER RULES AND REGULATIONS
30
EXHIBIT E EASEMENT AGREEMENT
33
LEASE AGREEMENT
THIS LEASE AGREEMENT (this "Lease") is made and entered into as of the Execution
Date (as hereinafter defined), by and between, 2000 MAIN STREET ASSOCIATES, LLC,
a Delaware limited liability company, whose address is c/o Belmont Investment
Corp., 1400 N. Providence Road, Suite 415, Media, PA 19063 (the "Landlord"), and
THE ULTIMATE SOFTWARE GROUP, INC., a Delaware Corporation doing business in
Florida as US Group (DE) Inc. (the "Tenant"), whose address is 2000 Ultimate
Way, Weston, FL 33326, and WESTON COMMON AREA LLC, a Florida limited liability
company ("Common Area Owner"), whose address is c/o Belmont Investment Corp.,
1400 N. Providence Road, Suite 415, Media, PA 19063, not as the Landlord but as
owner of the "Weston Town Center Common Property" of "Weston Town Center" (as
such terms are defined herein) and to consent to any provisions regarding the
Weston Town Center Common Property of Weston Town Center.
WITNESSETH
WHEREAS, Tenant desires to lease from Landlord the second floor of a building
located at 2000 Main Street, Weston, Florida, consisting of approximately 19,950
square feet of usable area on two floors (the "Building"), with the intention
and for the purpose of operating a particular business therein, all as more
particularly hereinafter provided and described;
WHEREAS, Landlord is the fee simple title owner of the Building and the real
property upon which it is located; and
WHEREAS, Common Area Owner is the fee simple owner of all of the Weston Town
Center Common Property, as hereinafter defined; and
WHEREAS, the Building is located within a development commonly known as Weston
Town Center, located in Weston, Broward County, Florida, which is a mixed-use
property with uses including, but not limited to, retail shopping, restaurants,
professional offices, residential apartments and other uses, covering an area of
approximately