SEC Contract Filing

Filing Date: 2019-04-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.27
<SEQUENCE>3
<FILENAME>ex_139441.htm
<DESCRIPTION>EXHIBIT 10.27
<TEXT>
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<p style="margin-bottom: 0px; text-align: right; margin-top: 0px"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.27</b></font></p>

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<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-transform: uppercase; text-align: center;"><u><b>FOURTH </b></u><u><b>AMENDMENT TO LEASE</b></u></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><b>&nbsp;</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><b>THIS </b><b>FOURTH </b><b>AMENDMENT TO LEASE</b> (the &ldquo;<b>Fourth</b><b> </b><b>Amendment</b>&rdquo;) made this June ____, 2018, by and between <b>MARLEN</b><b> HOLDINGS</b><b>, </b><b>LLC</b> with an office at 555 Industrial Way East, Eatontown, NJ 07724 (&ldquo;<b>Landlord</b>&rdquo;)<b>, </b>and<b> </b><b>BIO-KEY INTERNATIONAL INC.</b><b> </b>with an office at Allaire Office Park, Highway 138, Building A, Suite 102, Wall, New Jersey 07719 (hereinafter called &ldquo;<b>Tenant</b>&rdquo;).</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;text-transform:uppercase;"><b>WITNESSETH</b></p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><b>WHEREAS</b>, pursuant to that Lease dated June 2, 2004 as amended by the that First Amendment to Lease date August 2004, that Second Amendment to Lease dated January 2009, and that Third Amendment to Lease dated June 2013 (the Lease and following three amendments being collectively referred to herein as the &ldquo;<b>Lease</b>&rdquo;) Victor AOP, Inc. (successor in interest to Landlord) leased office space to Tenant comprised of 4,517 rentable square feet at Allaire Office Park in Building A, Suite 102 pursuant to terms and conditions as more particularly described in the Lease; and</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><b>WHEREAS, </b>Landlord and Tenant now wish to amend the Lease by this Fourth Amendment for the purposes of (i) extending the term of the Lease as amended hereby with respect to the Premises for an additional term of five (5) years and (ii) implementing such other modifications to the Lease as are herein agreed to;</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;"><b>NOW, THEREFORE</b>, in consideration of the sum of Ten ($10.00) Dollars and other good and valuable consideration exchanged by Landlord and Tenant, the receipt and sufficiency of which are hereby expressly acknowledged, it is AGREED as of the date hereof:</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">1. &nbsp; &nbsp;&nbsp;&nbsp;&nbsp; <u><b>Recitals; Defined Terms.</b></u>&nbsp;&nbsp;&nbsp;The recitals set forth above shall be incorporated into the terms of this Fourth Amendment. For the purposes of this Fourth Amendment, words and phrases used herein with initial capital case letters and not otherwise defined in this Fourth Amendment shall have the respective meanings ascribed to them in the Lease.</p>

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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:4.5pt;margin-right:0pt;margin-top:0pt;text-align:justify;text-indent:31.5pt;">2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u><b>Demised Premises.</b></u>&nbsp;&nbsp;&nbsp;The parties agree that Premises shall consist of 4,517 rentable square feet which is presently occupied by the Tenant. The Landlord will provide the following improvements:</p>

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