Document:

EXHIBIT 10.1

 

FIFTH AMENDMENT TO LEASE AGREEMENT

 

THIS FIFTH AMENDMENT TO LEASE AGREEMENT (this “Fifth
Amendment”) is made as of the 27th day of May, 2004 by
and between 4900 WEST 78th STREET
LLC, a Delaware limited liability company (“Landlord”), and AUGUST TECHNOLOGY CORPORATION, a Minnesota corporation (“Tenant”).

 

A.                                   West 78th Street Bloomington
Associates LLC, a Delaware limited liability company (“Original Landlord”), and Tenant entered
into that certain Lease Agreement dated October 18, 1999 (the “Original Lease”) as amended by (i) that
certain First Amendment to Lease Agreement dated March 31, 2000 (the “First Amendment”), (ii) that certain Second
Amendment to Lease Agreement dated July 25, 2000 (the “Second Amendment”), (iii) that certain
Third Amendment to Lease Agreement dated June 18, 2001 (the “Third Amendment”), and (iv) that certain
Fourth Amendment to Lease Agreement dated February 28, 2003 (the “Fourth Amendment”) (the Original Lease as
amended by the First Amendment, the Second Amendment, the Third Amendment and
the Fourth Amendment is referred herein as the “Lease”), demising approximately 78,437 square feet of space
comprised of the “Initial Premises”,
the “First Expansion Premises,”
the “Second Expansion Premises”
and the “Third Expansion Premises”
(collectively, the “Existing Premises”)
in the building located at 4900 W. 78th Street in Bloomington,
Minnesota (the “Building”).

 

B.                                     Landlord has succeeded to the right, title
and interest, and has assumed the obligations, of Original Landlord as landlord
under the Lease, and Landlord and Tenant desire to make certain changes to the
Lease as provided herein.

 

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other
good and valuable consideration the receipt and sufficiency of which are hereby
acknowledged, Landlord and Tenant hereby amend the Lease as follows:

 

1.                                       Recitals.  The
foregoing recitals are incorporated herein as if fully restated herein.

 

2.                                       Definitions. 
Each capitalized term used as a defined term in this Fifth Amendment but
not otherwise defined in this Fifth Amendment shall have the same meaning
ascribed to such term in the Lease.  The
foregoing notwithstanding, for purposes of the defined term “Project,” Landlord and Tenant agree that
the real property underlying the Building and being contiguous thereto shall be
deemed to include Outlots A, D and G, West 78th Street Addition,
Hennepin County, Minnesota. 
Additionally, effective January 1, 2004, Landlord and Tenant agree
that the term “Expanded Project Area”
(as first defined in Section 10(e) of the Third Amendment), shall be
deemed to mean those portions of Outlot F and Lot 2, Block 1, West 78th
Street Addition on which landscaping (which landscaping area shall not be
expanded or modified in a manner that would materially increase Operating
Costs) and bituminous parking surfaces are being maintained by Landlord, and subject to the provisions of
Section 10(e) of the Third Amendment, that Tenant is obligated to pay its
Proportionate Share of Operating Costs with respect to such Expanded Project
Area.

 

3.                                       HVAC Replacement. 
Pursuant to the terms of paragraph 9(c) of the Third Amendment, Original
Landlord, at Original Landlord’s sole cost and expense, was to perform the HVAC
Work in accordance with the HVAC Requirements (as both terms are defined in
said paragraph 9(c)).  Notwithstanding
the foregoing, as of the date hereof, Original Landlord has not performed the
HVAC Requirements.  Therefore, Landlord
and Tenant acknowledge and agree that, in lieu of Landlord’s performance of the
HVAC Requirements, Landlord shall contribute up to Sixty Five Thousand and
No/100 Dollars ($65,000.00) (“HVAC Credit
Allowance”) toward the cost and expense of Tenant’s removal, repair
and replacement of HVAC units in the Third Expansion Premises, including
without limitation, all design and duct work relating thereto (“Tenant’s HVAC Work”).  Such contribution by Landlord will
constitute full payment and performance of Landlord’s obligations under said
paragraph 9(c) and there are no other outstanding obligations of Landlord as of
the date hereof with respect to tenant improvements to be performed or paid for
by Landlord.  In the event Tenant
desires Landlord to make any such contribution, Tenant shall submit a request
therefor, together with supporting documentation reasonably acceptable to
Landlord regarding the Tenant’s HVAC Work for which Tenant is requesting
contribution or payment (including such customary items as invoices for
payment, lien waivers and the like), and Landlord shall make the requested

 

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contribution to Tenant (or direct payment as the case may be) within
fifteen (15) days after Landlord’s receipt of Tenant’s request and such
supporting documentation; in the event Landlord fails to make such contribution
or payment as provided herein, Tenant may deduct and offset the amount thereof
against the next ensuing monthly installment(s) of Base Rent.  To the extent Tenant does not use the entire
HVAC Credit Allowance toward Tenant’s HVAC Work on or before the expiration of
the Initial Term of the Lease, Tenant shall have no further right to the HVAC
Credit Allowance or any remaining portion thereof.

 

4.                                       Real Estate Taxes. 
Effective as of January 1, 2004, Landlord and Tenant agree that for
purposes of determining the amount of real estate taxes and annual installments
of special assessments payable with respect to the Project to be included in
Operating Costs during the Initial Term and any Renewal Terms, the total amount
of real estate taxes, and annual installments of special assessments payable
therewith, payable in each calendar year during said Initial Term and any
Renewal Terms, with respect to each of the following lots and tax parcels in
the plat of West 78th Street Addition, Hennepin County, Minnesota,
multiplied by the Applicable Percentage set forth opposite each such lot and
tax parcel, shall be used:

 

	
  Lot and Tax Parcel

  	
   

  	
  Applicable

  Percentage

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Outlot A

  	
   

  	
  95

  	
  %

  
	
  Outlot D

  	
   

  	
  100

  	
  %

  
	
  Outlot F

  	
   

  	
  100

  	
  %

  
	
  Outlot G

  	
   

  	
  77

  	
  %

  
	
  Lot 2, Block 1

  	
   

  	
  40

  	
  %

  

 

No
portion of the real estate taxes and installments of special assessments
payable with respect to Outlots B, C and E, West 78th Street
Addition, Hennepin County, Minnesota shall be included in Operating Costs.  Notwithstanding any other provision of the
Lease or this Fifth Amendment to the contrary, all other Operating Costs under
the Lease shall be allocated to Tenant in accordance with the terms of the
Lease.

 

5.                                   Parking. 
Landlord agrees that during the Term of the Lease, it shall not reduce
the number of parking spaces within the Project without Tenant’s prior written
consent.

 

6.                                   No Offer. 
Submission of this instrument for examination or negotiation shall not
bind Landlord or Tenant, and no obligation on the part of Landlord or Tenant
shall arise until this instrument is signed and delivered by Landlord and
Tenant.

 

7.                                   Lease in Full Force and
Effect.  Except as herein provided, all of the terms
and provisions of the Lease shall remain in full force and effect.

 

8.                                   Counterpart Execution. 
This Fifth Amendment may be executed in any number of counterpart
originals, and when combined into one single agreement in possession of both
Landlord and Tenant, shall constitute an original agreement.

 

IN WITNESS WHEREOF, the parties hereto have caused this Fifth Amendment to Lease
Agreement to be duly executed and delivered as of the day and year first
written above.

 

	
  LANDLORD:

  	
  TENANT:

  
	
   

  	
   

  
	
  4900 WEST 78TH STREET LLC

  	
  AUGUST TECHNOLOGY CORPORATION

  
	
   

  	
   

  
	
  By Interstate Partners LLC, a Delaware limited

  liability company, its Manager

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/  Gregory S. Miller

  	
   

  	
  By:

  	
  /s/  David L. Klenk

  	
   

  
	
   

  	
  Gregory
  S. Miller, President

  	
   

  	
  Its  President

  	
   

  
						

 

2Exhibit
4.6

 

ARTICLES FOURTH, FIFTH, SEVENTH, EIGHTH AND TENTH OF THE

RESTATED CERTIFICATE OF INCORPORATION OF SPHERION CORPORATION

 

FOURTH:              The aggregate number of shares of
all classes of stock that the Corporation shall have authority to issue is
202,500,000 divided into two classes as follows:

 

(i)    200,000,000 shares of a class designated
Common Stock, with a par value of $0.01 per share; and

 

(ii)   2,500,000 shares of a class designated
Preferred Stock, with a par value of $.01 per share.

 

The voting powers,
designations, preferences, qualifications, limitations, restrictions and
special or relative rights in respect of each class of stock are or shall be
fixed as follows:

 

(1)           Preferred Stock.  The Board of Directors is expressly
authorized to issue the Preferred Stock from time to time, in one or more
series, provided that the aggregate number of shares issued and outstanding at
any time of all such series shall not exceed 2,500,000.  The Board of Directors is further authorized
to fix or alter by resolution or resolutions, in respect of each such series,
the following terms and provisions of any authorized and unissued shares of
such stock:

 

(a)                                  The distinctive serial designation;

 

(b)           The number of shares of the series,
which number may at any time or from time to time be increased or decreased
(but not below the number of shares of such series then outstanding) by the
Board of Directors;

 

(c)           The voting powers and, if voting
powers are granted, the extent of such voting powers including the right, if any,
to elect a director or directors;

 

(d)           The election, term of office, filling
of vacancies and other terms of the directorships of directors elected by the
holders of any one or more classes or series of such stock;

 

(e)           The dividend rights, including the
dividend rate and the dates on which any dividends shall be payable;

 

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(f)            The date from which dividends on
shares issued prior to the date for payment of the first dividend thereon shall
be cumulative, if any;

 

(g)           The redemption price, terms of
redemption, and the amount of and provisions regarding any sinking fund for the
purchase or redemption thereof;

 

(h)           The liquidation preference and the
amounts payable on dissolution or liquidation;

 

(i)            The terms and conditions, if any,
under which shares of the series may be converted; and

 

(j)            Any other terms or provisions that
the Board of Directors is by law authorized to fix or alter.

 

(2)           Common Stock.   The holders of shares of Common Stock shall
be entitled (i) to vote on all matters at all meetings of the shareholders of
the Corporation on the basis of one vote for each share of Common Stock held of
record; (ii) subject to any preferential dividend rights applicable to the
Preferred Stock, to receive such dividends as may be declared by the Board of
Directors; and (iii) in the event of the voluntary, or involuntary, liquidation
or winding up of the Corporation, after distribution in full of any
preferential amounts to be distributed to holders of shares of Preferred Stock,
to receive all of the remaining assets of the Corporation available for
distribution to its shareholders, ratably in proportion to the aggregate number
of their shares of Common Stock and Preferred Stock (if the holders of such
Preferred Stock are entitled to share in such distribution).

 

(3)           Provisions applicable to Common
and Preferred Stock.  No holder of
shares of any class of stock of the Corporation shall be entitled, as a matter
of right, to purchase or subscribe for any shares of any class of stock of the
Corporation, whether now or hereafter authorized.  The Board of Directors shall have authority to fix the issue
price of any and all shares of any class of stock of the Corporation.

 

FIFTH:           (A) 
Number of Directors.  The
number of directors to constitute the Board of Directors shall be such number
as fixed by a resolution adopted by the affirmative vote of a majority vote of
the whole Board of Directors, but to be nine until otherwise determined.

 

(B)           Classification of Directors.  Pursuant to an action taken by the
shareholders of the Corporation either at a special meeting of the shareholders
of the Corporation in 1993 or pursuant to a consent in lieu thereof of the
shareholders of the Corporation in accordance with Section

 

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228 of the GCL, the
directors of the Corporation shall be divided into three classes:  Class I, Class II and Class III.  Membership in such classes shall be as
nearly equal as possible and any increase or decrease in the number of
directors shall be apportioned by the Board of Directors among the classes to
maintain the number of directors as nearly equal as possible.  The initial Class I directors shall hold
office until the annual meeting of shareholders of the Corporation in 1994, the
initial Class II directors shall hold office until the annual meeting of
shareholders of the Corporation in 1995, and the initial Class III directors
shall hold office until the annual meeting of shareholders of the Corporation in
1996 or, in each case, until their successors are elected and qualified and
subject to prior death, resignation, retirement or removal from office.  Beginning in 1994, at each annual meeting of
shareholders, the directors elected to succeed those whose terms then expire
shall belong to the same class as the directors they succeed and shall hold
office until the third succeeding annual meeting of shareholders or until their
successors are elected and qualified and subject to the prior death,
resignation, retirement or removal from office of a director. No decrease in
the number of directors constituting the Board of Directors shall reduce the
term of any incumbent director.

 

Whenever the holders of
any one or more classes or series of Preferred Stock of the Corporation shall
have the right to elect directors, the election, term of office, filling of
vacancies and other terms of such directorships shall be governed by the
provisions of this Certificate of Incorporation applicable to such Preferred
Stock and such directors shall not be divided into classes pursuant to this
Article Fifth unless expressly provided or determined as provided elsewhere in
this Certificate of Incorporation.

 

(C)           Vacancies.   (amended May 18, 2004) Newly created
directorships resulting from an increase in the number of directors and any
vacancies on the Board of Directors resulting from any cause shall be filled by
a majority of the Board of Directors then in office, although less than a
quorum, or by a sole remaining director.

 

(D)          Removal of Directors.   The entire Board of Directors of the
corporation may be removed at any time but only by the affirmative vote of the
holders of two-thirds or more of the outstanding shares of each class of stock
of the corporation entitled to elect one or more directors at a meeting of the
shareholders called for such purpose.

 

(E)           Bylaws.   The Board of Directors shall have the power
to make, alter, amend, change, add to or repeal the Bylaws of the corporation.

 

SEVENTH:             In the event any class of stock of
the Corporation is registered pursuant to the Securities Exchange Act of 1934,
as amended,

 

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for so long as such class
of stock of the Corporation is so registered, any action that may be taken at
any annual or special meeting of the shareholders of the Corporation shall be
taken only at an annual or special meeting of the shareholders of the
Corporation and no such action shall be taken without such a meeting,
regardless of any provision of the GCL that permits shareholders to take such
an action by written consent in lieu of an annual or special meeting of
shareholders.

 

EIGHTH:                Special meetings of the
shareholders for any lawful purpose or purposes may be called at any time only
by a majority of the Board of Directors, by the Chairman of the Board or by the
President.  Each call for a special
meeting of the shareholders shall state the time, the day, the place and the
purpose or purposes of such meeting and shall be in writing, signed by the
persons making the same and delivered to the secretary.  No business shall be conducted at any
special meeting of the shareholders other than the business stated in the call
for such meeting.  The shareholders of
the Corporation shall not be entitled, as a matter of right, to require the
Board of Directors to call a special meeting of the shareholders or to bring
any business before a special meeting of the shareholders.

 

TENTH:                 The affirmative vote of the
holders of not less than 2/3 of the outstanding shares of stock of the
Corporation entitled to vote generally in the election of directors shall be
required to amend, modify, alter or repeal Articles Fifth, Eighth and Tenth of
this Restated Certificate of Incorporation.”

 

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