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Pennsylvania-Wayne-435 Devon Park Drive Lease [Amendment No. 1] - Bebob Associates and Internet Capital Group Inc.

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  • Commercial Lease. Start a state-specific lease for the rental of commercial property. Specify the term and rent due, as well as whether the landlord or tenant is responsible for property taxes, insurance, and maintenance and repairs.
  • Commercial Sublease. When a tenant vacates commercial property before the lease term has expired, it may be able to rent the premises to a third party. The tenant would be the sublessor and the third party would be the sublessee. Besides preparing a sublease, both parties will want to review the provisions for assignment or subletting in the original lease agreement between the landlord and the sublessor.
  • Sublease Agreement. Tenants of residential property should prepare a sublease agreement if they are seeking to sublease a room or the entire apartment or house to a third party. All parties should review the original lease agreement to see if there are any restrictions on subletting or assigning the premises.
  • Triple Net Lease. Triple net leases are a type of commercial leases where the tenant has to pay for property taxes, insurance, utilities, and maintenance, in addition to the monthly rent.
  • Office Space Lease. When renting an office space, tenants should understand the amount of the rent and duration of the lease. Other important terms include whether the space can be subleased, which parties are responsible for maintenance, and whether any furniture and furnishings will be provided.

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                               AMENDMENT TO LEASE

     This is an Amendment made this 1st day of February, 2000, by and between

                               W I T N E S S E T H

     WHEREAS, Landlord and Tenant entered into an Agreement of Lease dated
January 2000 for a 15,000 rentable square foot portion of Building 600 for a
period of Five (5) years terminating December 31, 2004; and

     WHEREAS, Landlord and Tenant agree that Tenant shall lease from Landlord
the 573 square feet as shown on the attached plan commencing February 1, 2000;
and terminating December 31, 2004.

     NOW, THEREFORE in consideration of the mutual covenants contained herein,
and intending to be legally bound hereby, the parties agree to amend said Lease
effective February 1, 2000, as follows:

     1. The term of the Lease for the 573 square feet shall be from February 1,
2000 to December 31, 2004.

     2. The total base rental for the 573 square feet shall be Fifty-Four
Thousand Nine Hundred Thirty-Six and 67/100 Dollars ($54,936.67).

     3. The Monthly Base rental for the 573 square feet shall be Nine Hundred
Thirty-One and 13/100 Dollars ($934.13).

     4. Payment for increases in Real Estate Taxes and/or Operating Expenses
over $5.50/square foot for this 573 square feet will begin as of February 1,
2000, based upon the percentage of the phase of Safeguard Corporate Campus in
which the 573 square feet is situated, that percentage being 1.4%.

     5. All improvements for the 573 square feet will be paid by the Tenant and
will be due and payable as of February 1, 2000.

     6. All other terms and conditions as contained in said Lease shall remain
the same, except as herein modified.


By: /s/ Henry N. Nassau                        By: /s/ Gerry Wilk
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   Henry N. Nassau                                Gerry Wilk

Attest:                                        Attest:

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