FIRST AMENDMENT
STATE OF GEORGIA
COUNTY OF DEKALB
Amendment, made this 20th Day of May, 1996, by and between HALLWOOD 95,
L.P., a Delaware Limited Partnership, hereinafter referred to as "Landlord",
and US Franchise Systems, Inc., having an office at 13 Corporate Square,
Suite 250, Atlanta, Georgia, hereinafter referred to as "Tenant".
WITNESSETH
WHEREAS, by lease dated September 25, 1995, Landlord leased to Tenant
certain premises, more particularly described as Building 13, Suite 250,
Corporate Square, Atlanta, Georgia 30329, and
WHEREAS, Landlord and Tenant are desirous of further amending said Lease
in the manner set forth below:
EXPANSION
Tenant agrees to expand its premises into approximately 1,644 rentable
square feet as shown on Exhibit A attached hereto. The new total square
footage shall be 10,083 rentable square feet which includes, 8,439 rentable
square feet of existing space and 1,644 rentable square feet of expansion
space.
The commencement of said amendment shall be July 1, 1996 and shall
continue through September 30, 2000. The rental schedule shall be the
following:
TERM CURRENT RENT EXPANSION RENT COMBINED SPACE
(8,439 square feet) (1,644 square feet) (10,083 square feet)
07/01/96 -
09/30/96 $9,142.25 per month $1,781.00 per month $10,923.25 per month
10/01/96 -
09/30/97 $9,599.36 per month $1,870.05 per month $11,469.41 per month
10/01/97 -
09/30/98 $10,079.33 per month $1,963.55 per month $12,042.88 per month
10/01/98 -
09/30/99 $10,583.30 per month $2,061.73 per month $12,645.03 per month
10/01/99 -
09/30/2000 $11,112.47 per month $2,164.82 per month $13,277.29 per month
EFFECTIVE DATE
This First Amendment to the Lease shall take effect as of July 1, 1996,
and shall continue in effect for the duration of the said Amendment, that is
to September 30, 2000.
GENERAL TERMS
All the terms, covenants provisions and agreements of the said Lease dated
September 25, 1995, and as amended herein, shall remain in full force and
effect.
TENANT IMPROVEMENTS
Landlord agrees to re-paint and install carpet in expansion space with
building standard selections. Landlord also agrees to install ceiling tile,
shelving 18" x 15'/7-high (using existing brackets), re-key and provide suite
signage for expansion space.
BROKERAGE
Hallwood Management Company has acted for the Landlord in this
transaction, and is to be paid a commission by the Landlord. Hallwood
Management Company has acted as agent for the Tenant in this transaction.
IN WITNESS WHEREOF, each party has caused this Amendment to Lease to be
executed by its duly authorized officer(s).
LANDLORD: HALLWOOD 95, L.P.,
a Delaware General
Partnership TENANT: US FRANCHISE SYSTEMS, INC.
BY: Hallwood Management
Company,
as Agent BY: /s/ Michael A. Leven
NAME: Richard D. Stilovich NAME: Michael A. Leven
TITLE: Regional Director TITLE: President & CEO
DATE: 5/24/96 DATE: 5/22/96
[Technical Drawing: floor plan]
CORPORATE SQUARE
BUILDING 13, SUITE 220
1,644 SQ. FT.
TO: ALL CORPORATE SQUARE TENANTS 13/250
FROM: PROPERTY MANAGEMENT
SUBJECT: UPDATED PROOF OF INSURANCE / EMERGENCY CONTACT LIST
DATE: JANUARY 2, 1996
=============================================================================
Hallwood Management Company is currently updating our Tenant files for 1996.
To ensure that all Tenant files are correct and up to date, we are requesting
the following:
1. All Corporate Square Tenants are to submit an updated proof of insurance
form to the Hallwood Management Office by January 15, 1996. Please refer to
your lease for guidance on what information the proof of insurance form
should contain.
2. All Corporate Square Tenants are to complete the attached Tenant
Contact/Emergency Notification forms. Please include area codes and any pager
numbers.
We thank you in advance for your cooperation in this matter. If you have
any questions, please contact the management Office at (404-321-6644). FAX-
634-3296
File Office
Lease
TENANT CONTACT AND EMERGENCY NOTIFICATION LISTINGS
CORPORATE SQUARE OFFICE PARK
Please complete the information requested below, sign and date the form, and
return it to the Property Manager at the address listed below. This
information is for emergency use only and will not be distributed to anyone
other than qualified Hallwood Management Company and emergency personnel.
This information is necessary to enable us to contact your designated
representative in the event of after hour emergencies. The day time Tenant
Contact Information will also help us to contact the proper personnel should
we have any administrative, maintenance, or billing questions.
Thank you for your prompt assistance.
HALLWOOD MANAGEMENT COMPANY
TENANT CONTACT INFORMATION
TENANT: U. S. Franchise Systems, Inc.
BUILDING AND SUITE: 13 - Suite 250 PHONE NUMBER: 321-4045
OFFICE CONTACT: Shelley Shapiro MAINTENANCE CONTACT: Geno Welch
MAILING ADDRESS (IF DIFFERENT THAN ABOVE): __________________________________
_____________________________________________________________________________
BILLING CONTACT NAME: David E. Shaw TITLE: EVP - Admin
BILLING ADDRESS (IF DIFFERENT THAN ABOVE): __________________________________
_____________________________________________________________________________
____________________ PHONE NUMBER: ___________________________________________
EMERGENCY NOTIFICATION LISTING
TENANT * Michael A. Leven HOME PHONE 404-355-8920
OWNER(S)
* Neal K. Aronson HOME PHONE 404-812-3722
TENANT * David E. Shaw HOME PHONE 770-587-0403
MGR(s)
_______________________ HOME PHONE ________________________
OTHER Shelley Shapiro HOME PHONE 770-410-1173
_______________________ HOME PHONE ________________________
Signed and Approved by: /s/ David E. Shaw Date: 1/5/96
*NOTE: ALL CONTACTS LISTED WITH AN ASTERISK WILL AUTOMATICALLY BE LISTED AS
PERSONNEL AUTHORIZED FOR GRANTING PERMISSION TO HALLWOOD MANAGEMENT COMPANY
PERSONNEL TO UNLOCK TENANT SPACE FOR TENANT EMPLOYEES. IF YOU DO NOT WISH
THESE PERSONS TO BE AUTHORIZED FOR UNLOCKING APPROVAL, THEN PLEASE NOTE AT
THE BOTTOM OF THE PAGE. IF YOU WISH TO AUTHORIZE ANY OTHER PERSONNEL FOR
UNLOCKING APPROVAL, PLEASE ATTACH A LIST OF NAMES AND HOME PHONE NUMBERS.