Exhibit 10.44
FIRST AMENDMENT TO OFFICE LEASE AGREEMENT
THIS FIRST AMENDMENT TO OFFICE LEASE AGREEMENT (this “First Amendment”) is entered into as of October 16, 2023 (the “Amendment Effective Date”) by and between Hoffman Estates Acquisitions LLC, a Delaware limited liability company and Hoffman Estates Acquisitions II LLC, a Delaware limited liability company (collectively, the “Landlord”), and Cambium Networks, Inc., a Delaware corporation (the “Tenant”). Landlord and Tenant may individually be referred to as a “Party” and collectively, the “Parties”.
RECITALS
WHEREAS, Landlord and Tenant have entered into that certain Office Lease Agreement dated as of June 1, 2023 (the “Lease”) with respect to certain premises commonly known as Suite A401 (Office Space) and Suite B105 (Warehouse Space) at Bell Works Chicagoland, 2000 Center Drive, Hoffman Estates, Illinois 60192 (a/k/a Bell Works Chicagoland 2000 AT&T Center Drive, Hoffman Estates, Illinois 60192), as more particularly described and depicted in the Lease;
WHEREAS, all capitalized terms not otherwise defined herein shall have the meanings ascribed to them under the Lease;
WHEREAS, the Final Floor Plan has been mutually approved by Landlord and Tenant, and the Parties desire to enter into this First Amendment to document the Final Space Plan Addendum, and to further modify the Lease, as provided herein.
NOW, THEREFORE, for and in consideration of the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:
AGREEMENT
“ (j) Premises”: The area consisting of the (i) Fourth (4th) floor of the East Wing of the Building, deemed to consist of 26,140 square feet of Rentable Area and indicated on Exhibit A-1 (“Office Space”), and (ii) First (1st) Floor of the East Wing of the Building, deemed to consist of 10,866 square feet of Rentable Area and indicated on Exhibit A-2, and known as “Suite B110” (“Warehouse Space”).”
FOURTH (4TH) FLOOR OFFICE SPACE – SUITE A401
LEASE YEAR | MONTHLY RENT | ANNUAL RENT | ANNUAL RENT PER SQUARE FOOT |
Lease Year 1 | $55,002.92 | $660,035.00 | $25.25 |
Lease Year 2 | $56,201.00 | $674,412.00 | $25.80 |
Lease Year 3 | $57,399.08 | $688,789.00 | $26.35 |
Lease Year 4 | $58,597.17 | $703,166.00 | $26.90 |
Lease Year 5 | $59,795.25 | $717,543.00 | $27.45 |
Lease Year 6 | $60,993.33 | $731,920.00 | $28.00 |
Lease Year 7 | $62,191.42 | $746,297.00 | $28.55 |
Lease Year 8 | $63,389.50 | $760,674.00 | $29.10 |
Lease Year 9 | $64,587.58 | $775,051.00 | $29.65 |
Lease Year 10 | $65,785.67 | $789,428.00 | $30.20 |
Lease Year 11 | $66,983.75 | $803,805.00 | $30.75 |
Lease Year 12 | $68,181.83 | $818,182.00 | $31.30 |
Lease Year 13 | $69,379.92 | $832,559.00 | $31.85 |
FIRST (1ST) FLOOR WAREHOUSE SPACE – SUITE B110
LEASE YEAR | MONTHLY RENT | ANNUAL RENT | ANNUAL RENT PER SQUARE FOOT |
Lease Year 1 | $19,426.38 | $233,116.50 | $21.45 |
Lease Year 2 | $19,861.90 | $238,342.80 | $21.93 |
Lease Year 3 | $20,297.43 | $243,569.10 | $22.42 |
Lease Year 4 | $20,732.95 | $248,795.40 | $22.90 |
Lease Year 5 | $21,168.48 | $254,021.70 | $23.38 |
Lease Year 6 | $21,604.00 | $259,248.00 | $23.86 |
Lease Year 7 | $22,039.53 | $264,474.30 | $24.34 |
Lease Year 8 | $22,475.05 | $269,700.60 | $24.82 |
Lease Year 9 | $22,910.58 | $274,926.90 | $25.30 |
Lease Year 10 | $23,346.10 | $280,153.20 | $25.78 |
Lease Year 11 | $23,781.63 | $285,379.50 | $26.26 |
Lease Year 12 | $24,217.15 | $290,605.80 | $26.74 |
Lease Year 13 | $24,652.68 | $295,832.10 | $27.23 |
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“Tenant shall be entitled to four (4) parking spots in the executive parking garage at the Project (i.e., with each parking permit relating to the right to park one automobile) free of charge for the duration of the Term. Tenant will be entitled to use up to one hundred forty-nine (149) non-exclusive parking spaces (4 spaces per 1,000 square feet of Rentable Area of the Premises) in areas of the Project designated for non-reserved parking.”
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[Signature page to follow]
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IN WITNESS WHEREOF, the Parties hereto executed this First Amendment to Office Lease Agreement as of the date first written above.
LANDLORD:
HOFFMAN ESTATES ACQUISITIONS LLC, a Delaware limited liability company
By: /s/ Raphael Zucker Name: Raphael Zucker Its: President
HOFFMAN ESTATES ACQUISITIONS II LLC, a Delaware limited liability company
By: /s/ Raphael Zucker Name: Raphael Zucker Its: President
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| TENANT:
CAMBIUM NETWORKS, INC., a Delaware corporation
By: /s/ Sally Rau Name: Sally Rau Its: General Counsel
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