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Exhibit 10.17
[GRAPHIC]
I. Heller
205 Mill Road
Edison, New Jersey 08837-3833
(732) 287-4880
FAX (732) 287-5033
December 19, 2003
United Stationers Supply Company
2200 East Gulf Road
Des Plaines, Illinois 60016
RE: Lease dated April 17, 1989, as amended
133,177 Square Foot Building, Edison, New Jersey
Gentlemen:
This letter shall serve as a Sixth Amendment to Lease to the above referenced
Lease.
In consideration of the terms and conditions contained herein, together with
other good and valuable consideration, the parties hereto agree to amend the
Lease as follows:
1. Landlord and Tenant hereby agree to further extend the Third Renewal
Period for an additional two (2) years. Accordingly, the Third Renewal Period
commenced on July 1, 2000 and shall continue through June 30, 2006 under the
terms and conditions set forth in this Sixth Amendment to Lease.
2. Notwithstanding the provisions of Section 5.03 of the Lease, as stated
in Paragraph 3 of the Amendment to Lease, it is hereby agreed that the Basic
Rent for the Third Renewal Period, as extended (7/1/2000 - 6/30/2006) shall be
as follows:
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7/1/2000 - 6/30/2006 $559,343.40/yr payable $46,611.95/mo
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3. Provided Tenant is not in default under any of the terms and conditions
of this Lease, Tenant shall have the right to terminate this Lease prior to
June 30, 2006 by delivering written notice to Landlord of its exercise of such
right anytime after the December 31, 2004. This Lease shall terminate as of the
end of the sixth (6th) full calendar month following Landlord's receipt of such
notice ("Early Termination Date").
4. The parties hereto acknowledge that notwithstanding the serving by
Tenant of the termination notice, Tenant shall continue to pay Basic Rent and
all other amounts payable under this Lease as they may accrue until the Early
Termination Date, at which time Tenant shall deliver the Demised Premises in
accordance with all relevant provisions of the Lease, including, Section 24.01.
INGENUITY IN DISTRIBUTION CENTER
SITE LOCATION AND CONSTRUCTION.
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United Stationers Supply Company
December 19, 2003
Page 2
5. Except as modified herein, all of the terms and conditions of said Lease
shall remain in full force and effect throughout the Term of this Lease and any
extensions thereof.
Please indicate your agreement and acceptance of the foregoing by signing four
(4) copies of this letter where indicated below and return same to us. Two fully
executed copies will be returned to you for your files. Thank you for your
courtesy and cooperation in this matter.
Very Truly Yours,
THREE THIRTY NINE - M - EDISON, Landlord
by: Isaac Heller, Managing Partner
by: Heller Industrial Parks, Inc., Manager
by:
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Accepted and Agreed:
UNITED STATIONERS SUPPLY CO., Tenant
by:
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EXHIBIT R