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Exhibit 10.33(c)
THIRD AMENDMENT
TO
OFFICE LEASE AGREEMENT
WITH
CHAUTAUQUA AIRLINES, INC.
THIS THIRD AMENDMENT, made and entered into this 6 day of November, 1998,
by and between the Indianapolis Airport Authority, (hereinafter referred to as
"AUTHORITY"), and Chautauqua Airlines, Inc., a New York corporation, authorized
to do business in the State of Indiana, (hereinafter referred to as "LESSEE").
W I T N E S S E T H:
WHEREAS, LESSEE desires to rent additional office space on the fourth floor
of the Administration Building commonly known as Room H413 and Room 1413A; and
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
contained herein, the parties hereby agree that Article 1., LEASED PREMISES,
Article 2., TERM. Article 3., RENTAL. Leased Premises and Article 3.,"RENTAL,
RENTAL SCHEDULE are hereby deleted and the following are substituted:
1. LEASED PREMISES
The term "Leased Premises" shall consist of 9,749.1 square feet on
the third floor of the Administration Building including the mens
and womens restrooms, although no rental is being charged for this
square footage and excepting the telephone equipment, mechanical,
electrical and janitorial rooms, corridor and lobby and 4,411.15
square feet on the fourth floor of the Administration Building of
which all of the rental space is more particularly shown on Exhibit
"A" dated October 20, 1998 attached hereto.
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2. TERM
LESSEE shall have a different term for each floor it shall occupy.
the revised term and rental for the third floor Leased Premises
commenced on August 1, 1998 and shall expire on July 31, 2001. The
term for the fourth floor Leased Premises, except for Rooms H415A,
H415C, H413 and H413A, commenced on August 1, 1998 and shall expire
on July 31, 2000. The term for Rooms H415A and H415C commenced on
September 23, 1998 and shall expire on July 31, 2000. The term for
Room H413 and H413A commenced on October 23, 1998 and shall expire
on July 31, 2000.
LESSEE shall have an option to extend this Lease for an
additional term of three (3) years upon the rental terms outlined in
Article 3.B. LESSEE shall have a different term for each floor it
shall occupy. The option terms for the third floor shall commence
August 1, 2001 and shall terminate July 31, 2004. The option term
for the fourth floor shall commence on August 1, 2000 and shall
expire on July 31, 2003.
LESSEE may exercise the option by mailing or delivering to
AUTHORITY written notice of such intention not later than six (6)
months prior to the date of expiration of the primary terms and the
first option terms. Notification date on the third floor shall be on
or before February 1, 2001. Notification date on the fourth floor
shall be on or before February 1, 2000.
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3. RENTAL
A. LEASED PREMISES
Rental for the use of said Leased Premises and appurtenances
thereto, LESSEE agrees to pay per annum in accordance with the
following rental schedules payable in advance in twelve (12)
equal payments on the first day of each calendar month affective
on the first day of occupancy.
RENTAL SCHEDULE - PRIMARY TERM
THIRD FLOOR
AUGUST 1, 1998 THROUGH JULY 31, 2001
9,749.1 square feet X $10.50 p.s.f. = $102,365.55 per year
payable at $8,530.46 per month
FOURTH FLOOR
AUGUST 1, 1998 THROUGH SEPTEMBER 22, 1998
2,763.65 square feet X $10.50 p.s.f. = $29,018.33 per year
payable at $2,418.19 per month
SEPTEMBER 23, 1998 THROUGH OCTOBER 22, 1998
3,899.65 square feet X $10.50 p.s.f. = $40,946.33 per year
payable at $3,412.19 per month
OCTOBER 23, 1998 THROUGH JULY 31, 2000
4,411.15 square feet X $10.50 p.s.f. = $46,317.08 per year
payable at $3,859.76 per month
Any partial month of rent shall be prorated. Said rent
shall be payable at the office of the AUTHORITY or such other
place as AUTHORITY may from time to time designate.
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B. RENTAL SCHEDULE -.OPTION PERIODS
THIRD FLOOR
AUGUST 1, 2001 THROUGH JULY 31, 2002
9,749.1 square feet X $11.00 per square feet = $107,240.10 per
year payable at $8,936.68 per month
AUGUST 1, 2002 THROUGH JULY 31, 2003
9,749.1 square feet X $11.50 per square feet = $112,114.65 per
year payable at $9,342.89 per month
AUGUST 1, 2003 THROUGH JULY 31, 2004
9,749.1 square feet X $12.00 per square feet = $116,989.24 per
year payable at $9,749.10 per month
FOURTH FLOOR
AUGUST 1, 2000, THROUGH.JULY 31, 2001
4,411.15 square feet X $11.00 per square feet = $48,522.65 per
year payable at $4,043.55
AUGUST 1, 2001 THROUGH JU1Y 31, 2002
4,411.15 square feet X $11.50 per square feet = $50,728.23 per
year payable at $4,227.35
AUGUST 1, 2002 THROUGH JULY 31, 2003
4,411.15 square feet X $12.00 per square Feet = $52,933.80 per
year payable at $4,411.15
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THIS THIRD AMENDMENT shall be effective this 6 day of NOVEMBER, 1998 and
all other terms of the basic Lease dated June 17, 1994, shall remain the same.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed as of the date first above mentioned.
INDIANAPOLIS AIRPORT AUTHORITY
By /s/ Michael W. Wells
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Michael W. Wells, President
By /s/ Gordon St. Angelo
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Gordon St. Angelo, Vice-President
By /s/ Gene P. Haflich
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Gene P. Haflich, Secretary
By /s/ [SEAL OF ABSENT]
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Max L. Siegel, Member
By /s/ Richard L. Cunningham
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Richard L. Cunningham, Member
By /s/ Michael B. Stayton
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Michael B. Stayton, Member
By /s/ David B. Mansfield
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David E. Mansfield, Member
AUTHORITY
CHAUTAUQUA AIRLINES, INC.
By /s/ [ILLEGIBLE]
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Title Ex. V.P. & COO
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