SEC Contract Filing

Filing Date: 2020-03-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101.htm
<DESCRIPTION>AMENDMENT NO. 3 TO LEASE AGREEMENT
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 <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">AMENDMENT NO. 3 TO</div>
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 <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; font-size: 12pt;"><font style="font-weight: bold;">THIS AMENDMENT NO. 3 TO LEASE AGREEMENT</font> (this &#8220;<font style="font-style: italic;">Amendment</font>&#8221;) is made effective as
 of February 28, 2020 (&#8220;<font style="font-style: italic;">Effective Date</font>&#8221;) by and between <font style="font-weight: bold;">BOMAX PROPERTIES, LLC </font>(&#8220;<font style="font-style: italic;">Bomax</font>&#8221;) and <font style="font-weight: bold;">TRANSACT
 TECHNOLOGIES INCORPORATED</font> (&#8220;<font style="font-style: italic;">TransAct&#8221;</font>).</div>
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 <div style="text-align: center; line-height: 13.7pt; font-size: 12pt; font-weight: bold;">RECITALS:</div>
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 <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; font-size: 12pt;"><font style="font-weight: bold;">WHEREAS</font>, Bomax and TransAct entered into a certain Lease Agreement dated July 18, 2001 (the <font style="font-style: italic;">&#8220;Original Lease&#8221;)</font>, pursuant to which TransAct leased the &#8220;Leased Premises&#8221;, as defined therein, from Bomax;</div>
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 <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; font-size: 12pt;"><font style="font-weight: bold;">WHEREAS</font>, the Original Lease was amended pursuant to a certain Amendment No. 1 to Lease Agreement dated May 8, 2012 and a
 certain Amendment No. 2 to Lease Agreement dated January 14, 2016 (the Original Lease, as amended, the &#8220;<font style="font-style: italic;">Lease</font>&#8221;), which, <font style="font-style: italic;">inter alia</font>, extended the &#8220;Lease Term&#8221;, as
 defined in the Original Lease, through May 31, 2021;&#160; and</div>
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 <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; font-size: 12pt;"><font style="font-weight: bold;">WHEREAS</font>, TransAct has requested and Bomax has agreed to extend the Lease Term and otherwise amend the Lease upon the
 terms and conditions contained herein (all defined terms used herein, as evidenced by the first letter thereof being capitalized, not otherwise defined herein, shall be as defined in the Lease).</div>
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 <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; font-size: 12pt;"><font style="font-weight: bold;">NOW, THEREFORE</font>, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the
 parties agree as follows:</div>
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 <div style="text-align: justify; line-height: 13.7pt;"><font style="font-size: 12pt; font-weight: bold;">1.</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 12pt;"><font style="font-weight: bold;">Amendment of the Lease.</font>&#160;&#160; The Lease is hereby amended as follows:</font></div>
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 <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 12pt;">(a)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 12pt;">Article II is
 amended to extend the Lease Term through May 31, 2025.</font></div>
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 <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt;"><font style="font-size: 12pt;">(b)</font><font style="text-indent: 0px; font-size: 5.14pt;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 12pt;">Article III,
 Section A, is amended to refer to base rent in the following amounts for the following periods:</font></div>
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