ON-Nepean-7 Capella Court Sublease [Amendment] - Optiwave Corp., Zix Corp. and Waidt Construction & Developments Ltd.
THIS SUBLEASE AMENDMENT AGREEMENT made the 30th day of September 2002
BETWEEN:
OPTIWAVE CORPORATION/CORPORATION OPTIWAVE
(a Canadian corporation, hereinafter called the "Sublandlord") OF THE
FIRST PART
AND:
ZIX CORPORATION
(a Texas, U.S.A. corporation, hereinafter called the "Tenant") OF THE
SECOND PART
AND WAIDT CONSTRUCTION & DEVELOPMENTS LTD
(hereinafter called the "Landlord") OF THE THIRD PART
WHEREAS by written Sublease dated August 1, 2002 between the
Sublandlord, the Tenant and the Landlord, the Tenant subleased space on the
ground floor of a building located at 7 Capella Court, Nepean, Ontario ("the
Building").
AND WHEREAS the Tenant and the Sublandlord have agreed to amend the
Sublease so as to sublet to the Tenant an additional portion of the Building
located on the ground floor as shown on the floor plan attached hereto and
marked as Exhibit A and incorporated herein by reference (the "Additional Leased
Premises").
AND WHEREAS the Landlord has agreed to amend the Sublease to include
the Additional Leased Premises upon the following terms and conditions.
NOW THEREFORE in consideration of the rents, covenants and conditions
herein reserved and contained, the parties agree as follows:
1. Except for the amendments expressly set out herein, the Parties confirm
that all other terms and conditions contained in the Sublease remain in
full force and effect. More specifically, if the Sublease is not
renewed pursuant to its terms, the Tenant shall vacate the Leased
premises and the Additional Leased Premises by August 31, 2003.
2. The Gross Rent payable by the Tenant specified in the Sublease will be
increased by $2,500.00 per month, plus GST, as payment for the Tenant's
possession and occupation of the Additional Leased Premises identified
on the floor plan in Exhibit A. If the Sublease is renewed on the basis
of either Option One or Option Two, the portion of monthly Gross Rent
attributed as payment for the occupation and possession of the
Additional Leased Premises ($2,500.00) shall also be increased by the
same percentage as the Gross Rent for the Leased Premises will be
increased for the duration of any such renewal term. Terms of payment
shall remain the same as specified in the Sublease with the first
payment on account of the Additional Leased Premises due on November 1,
2002. Upon signing of this agreement, Tenant shall advance three (3)
months rent ($7,500.00 plus GST) to be applied to the months of
November 2002, December 2002 and August 2003.
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3. The Tenant may enter into possession of the Additional Leased Premises
on October 1, 2002. The Additional Leased Premises are sublet in an "as
is" condition with no requirement for any additional fit up,
alterations, provision of furniture or equipment, or leasehold
improvements.
4. The Tenant further covenants and agrees with the Sublandlord and the
Landlord:
a) For the duration of the Sublease, that it shall provide reasonable
access and egress to and from the Building by way of the Loading Bay
and ramp located in the Additional Leased Premises for the benefit of
all existing tenants and for the benefit of all future tenants in the
Building. Access shall be granted by the Tenant promptly upon receipt
of reasonable written or oral notice that the Loading Bay and ramp are
required. Requests for access shall, so far as possible, attempt to
minimize disruption to the Tenant's use and enjoyment of the Additional
Leased Premises.
5. GROSS RENT:
For greater certainty, Tenant shall pay directly to the Landlord all
gross rents, prepayments and deposits, to be applied to the
Sublandlord's rental account, as Gross Rent for the Leased Premises and
payable in equal monthly installments in advance on the first day of
each calendar month during the Term of the Sublease.
IN WITNESS WHEREOF, the parties have executed this Sublease Amending
Agreement, under seal, as of the date written above.
I the undersigned Tenant agree to and accept the above amendments.
SIGNED, SEALED AND DELIVERED ) ZIX CORPORATION
in the presence of: )
)
)
/s/ Anne Paliwal ) Per: /s/ Wael Mohamed
---------------------------- ) ---------------------------------
Witness ) Title:
) I/We have the authority to bind
the corporation.
I the undersigned Sublandlord agree to and accept the above amendments.
SIGNED, SEALED AND DELIVERED ) OPTIWAVE CORPORATION/CORPORATION OPTIWAVE
in the presence of: )
)
)
/s/ Curtis Flanagan ) Per: /s/ Chris Boland
---------------------------- ) ---------------------------------
Witness ) Title:
) I/We have the authority to bind
the corporation.
I the undersigned Landlord agree to and accept the above amendments.
SIGNED, SEALED AND DELIVERED ) WAIDT CONSTRUCTION & DEVELOPMENT LTD.
in the presence of: )
)
)
) Per: /s/ Trevor Woodside
---------------------------- ) ---------------------------------
Witness ) Title:
) I/We have the authority to bind
the corporation.
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