SEC Contract Filing

Filing Date: 2023-03-16

Document Content:
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<TYPE>EX-10.8
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<FILENAME>exhibit108_amendmentno1t.htm
<DESCRIPTION>EX-10.8
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<DIV><FONT size="1" style="font-size:1pt;color:white">1 AMENDMENT NO. 1 TO AMENDED AND RESTATED LEASE AGREEMENT THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED LEASE AGREEMENT (this &#8220;Amendment&#8221;) is made as of July 9, 2021 (the &#8220;Effective Date&#8221;), by and between 3D FIELDS, LLC, a South Carolina limited liability company (&#8220;Landlord&#8221;), and 3D SYSTEMS CORPORATION, a Delaware corporation (&#8220;Tenant&#8221;). RECITALS: WHEREAS, Tenant and Landlord, as successor-in-interest to Lex Rock Hill L.P., as successor-in-interest to KDC-Carolina Investments 3, LP, are parties to that certain Lease Agreement dated February 8, 2006 (the &#8220;Original Lease&#8221;), as amended by that certain First Amendment to Lease Agreement dated August 7, 2006 and effective June 15, 2006 (the &#8220;First Amendment&#8221;), as further amended by that certain Second Amendment to Lease Agreement dated October 6, 2006 (the &#8220;Second Amendment&#8221;), as further amended by that certain Third Amendment to Lease Agreement dated December 18, 2006 (the &#8220;Third Amendment&#8221;), as further amended by that certain Fourth Amendment to Lease Agreement dated February 26, 2007 (the &#8220;Fourth Amendment&#8221;), as further amended by that certain Fifth Amendment to Lease Agreement dated March 17, 2011 (the &#8220;Fifth Amendment&#8221;), and as further amended and restated in that certain Amended and Restated Lease Agreement dated February 25, 2021 (the &#8220;Lease&#8221;); and WHEREAS, Landlord and Tenant desire to amend, modify, and clarify the Lease to better reflect the agreement between the parties. NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 1. Recitals; Capitalized Terms. The Recitals set forth above are hereby incorporated into this Amendment as if set forth herein in full. All capitalized terms not otherwise defined in this Amendment shall have the same meanings ascribed to such terms in the Lease. 2. Waterford II Building Plans. The Preliminary Waterford II Building Plans referenced as Exhibit C-1 in the Lease are attached hereto as Exhibit C-1. 3. Construction of Waterford II Improvements. a. The first sentence of Section 4(b) of the Lease is hereby deleted in its entirety and in lieu thereof, the following shall be inserted: (b) Landlord appoints Steven Fields and Kim B. Fields as its representatives and Tenant appoints Stuart Harborne, Director-Real Estate, EHS and Facilities at 3D Systems Corporation, as its representatives to act on its behalf in dealings with the other party, and both parties appoint Jack Burns, Managing Principal at Cresa, to act on their joint behalf as project </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">2 manager in matters relating to the construction of the Waterford II Improvements. b. The third full sentence of Section 4(d) of the Lease is hereby deleted in its entirety and in lieu thereof, the following shall be inserted: Tenant shall cause its design build contractor to diligently proceed with the construction of the Waterford II Improvements and shall use commercially reasonable efforts to cause its design build contractor to Substantially Complete (as below defined) the Waterford II Improvements on or before May 22, 2022. c. Section 4(l) of the Lease is hereby deleted in its entirety and in lieu thereof, the following shall be inserted: (l) Throughout the period between the date on which Tenant&#8217;s design build contractor commences construction of the Waterford II Improvements and the Substantial Completion Date, Tenant&#8217;s design build contractor shall, at Tenant&#8217;s sole cost and expense, maintain in force with respect to the Waterford II Improvements an all-risk builder&#8217;s risk insurance policy on a completed value basis in form acceptable to Landlord and in an amount equal to the full replacement cost of the Waterford II Improvements, which policy shall name Landlord (and its lender) and Tenant as additional insureds and shall name Landlord (and its lender) as loss payees. Any premium for such policy shall be paid directly by Tenant (or its design build contractor). In the event that Tenant (or Tenant&#8217;s design build contractor) seeks reimbursement from Landlord for any such premiums, such amount shall be included in the Total Project Cost (as defined in the Lease). In the event of a casualty, Tenant (or its design build contractor) shall pay the lesser of the amount of the deductible or the full amount of the loss in the case of a loss in an amount less than the deductible, which payment may, in the sole discretion of Landlord, be deemed Additional Rent hereunder and shall be due and payable by Tenant upon the later of: (i) within thirty (30) days of the date of the casualty, and (ii) with Tenant&#8217;s next installment of monthly Rent immediately following Landlord&#8217;s written request therefor. Tenant and its design build contractor shall each maintain general liability insurance (in form and amounts reasonably satisfactory to Landlord) naming Landlord (and its lender) as additional insured(s) on additional insured endorsement GC 2010-1185 (or its equivalent). I