LIONBRIDGE TECHNOLOGIES INC /DE/
AMENDMENT NO. 2 TO LEASE BETWEEN IMATION CORP AND VERITEST INC
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<TYPE>EX-10.27
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<FILENAME>dex1027.htm
<DESCRIPTION>AMENDMENT NO. 2 TO LEASE BETWEEN IMATION CORP AND VERITEST INC
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<TITLE>AMENDMENT NO. 2 TO LEASE BETWEEN IMATION CORP AND VERITEST INC</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.27 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>A<SMALL>MENDMENT</SMALL> N<SMALL>O</SMALL>.&nbsp;2 <SMALL>TO</SMALL> L<SMALL>EASE</SMALL> A<SMALL>GREEMENT</SMALL> </B></FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman" SIZE="2"><B>T<SMALL>HIS</SMALL> A<SMALL>MENDMENT</SMALL> N<SMALL>O</SMALL>.&nbsp;2 <SMALL>TO</SMALL>
L<SMALL>EASE</SMALL> A<SMALL>GREEMENT</SMALL> (the &#147;Amendment&#148;), </B>dated as of this 30</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>th</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> day of
November, 2006, is entered into by and between <B>I<SMALL>MATION</SMALL> C<SMALL>ORP</SMALL>.</B>, a Delaware corporation (the &#147;Landlord&#148;), and <B>V<SMALL>ERI</SMALL>T<SMALL>EST</SMALL>, I<SMALL>NC</SMALL>.,</B> a Delaware corporation (the
&#147;Tenant&#148;). </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>W<SMALL>ITNESETH</SMALL>: </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2"><B>W<SMALL>HEREAS</SMALL>, </B>Landlord and Tenant have previously entered into that certain Lease Agreement dated as of December&nbsp;8, 2003 as amended by Amendment No.&nbsp;1 dated January&nbsp;15, 2004
(collectively the &#147;Lease&#148;); and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>W<SMALL>HEREAS</SMALL>, </B>the Lease provides for the leasing by Landlord to Tenant of
certain space located in that certain building owned by Landlord and known as the Discovery Building (the &#147;Building&#148;) located at One Imation Way, Oakdale, Minnesota 55128; and </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>W<SMALL>HEREAS</SMALL>,</B> Tenant desires to exercise its option to renew the Lease. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>N<SMALL>OW</SMALL>, T<SMALL>HEREFORE</SMALL>,</B> in consideration of the foregoing premises and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, Landlord and Tenant do hereby agree as follows: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1. Tenant and Landlord acknowledge that
by letter dated September&nbsp;27, 2006, Tenant exercised its option to renew the Lease for an additional term, beginning December&nbsp;1, 2006 and ending November&nbsp;30, 2007 (&#147;Renewal Term&#148;). </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. The parties agree that pursuant to Section&nbsp;3(a) (ii)&nbsp;of the Lease, the Base Rent for the Renewal Term will be as follows: </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD></TR>
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<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-left:0px;margin-right:0px;margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>B<SMALL>ASE</SMALL> R<SMALL>ENT</SMALL>
P<SMALL>ER<BR></SMALL>R<SMALL>ENTABLE</SMALL> S<SMALL>QUARE<BR></SMALL>F<SMALL>OOT</SMALL></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>A<SMALL>NNUAL</SMALL>&nbsp;B<SMALL>ASE</SMALL>&nbsp;R<SMALL>ENT</SMALL></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="1"><B>M<SMALL>ONTHLY</SMALL>&nbsp;I<SMALL>NSTALLMENT</SMALL><BR><SMALL>OF</SMALL> B<SMALL>ASE</SMALL>
R<SMALL>ENT</SMALL></B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-left:1.00em; text-indent:-1.00em" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$17.00</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$89,046</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$7420.50</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3. Capitalized Terms not defined herein shall have the meaning set for in the Lease. Except as
otherwise expressly modified herein, all of the terms, covenants conditions and provisions of the Lease are hereby ratified, confirmed and continue in full force and effect. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>I<SMALL>N</SMALL> W<SMALL>ITNESS</SMALL> W<SMALL>HEREOF</SMALL>,</B> Landlord and Tenant have respectively signed this Amendment No.&nbsp;2as of the
day and year first above written. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2"><B>I<SMALL>MATION</SMALL> C<SMALL>ORP</SMALL>., L<SMALL>ANDLORD</SMALL></B></FONT></TD></TR>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>B<SMALL>Y</SMALL>:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2"><B>/<SMALL>S</SMALL>/ J.B. M<SMALL>CNAMARA</SMALL></B><SMALL></SMALL></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>N<SMALL>AME</SMALL>:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B>J.B. <SMALL>MCNAMARA</SMALL></B><SMALL></SMALL></FONT></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>T<SMALL>ITLE</SMALL>:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B><SMALL>EXECUTIVE</SMALL> <SMALL>DIRECTOR</SMALL></B><SMALL></SMALL></FONT></TD></TR>
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<TD HEIGHT="16" COLSPAN="3"></TD></TR>
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<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2"><B>V<SMALL>ERITEST</SMALL>, I<SMALL>NC</SMALL>., T<SMALL>ENANT</SMALL></B><SMALL></SMALL></FONT></P></TD></TR>
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<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>B<SMALL>Y</SMALL>:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2"><B>/<SMALL>S</SMALL>/ J<SMALL>OSEPH</SMALL> F<SMALL>RANK</SMALL></B><SMALL></SMALL></FONT></P></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>N<SMALL>AME</SMALL>:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B><SMALL>JOSEPH</SMALL> <SMALL>FRANK</SMALL></B><SMALL></SMALL></FONT></TD></TR>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>T<SMALL>ITLE</SMALL>:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><B><SMALL>TREASURER</SMALL></B><SMALL></SMALL></FONT></TD></TR>
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