2PR0143 - RLP Amendment No. 3 (10.28.26).pdf

Amendment No. 3

Request for Lease Proposal 2PR0143 Lease Number GS-02P-LPR00897

San Juan, Puerto Rico October 28, 2026

RLP NO. 2PR0143 INITIALS: _______ & _______

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Please refer to Request for Lease Proposal (RLP) Number 2PR0143 which solicits lease proposals for space in San Juan, Puerto Rico.

This document amends RLP as follows:

1. Section 1.02, AMOUNT AND TYPE OF SPACE, LEASE TERM, AND OCCUPANCY DATE (FEB 2026), Subparagraph F:

F. The lease term must be Twenty (20) Years, Fifteen (15) Years Firm, with Government termination rights, in whole or in parts, effective at any time after the Firm Term of the Lease by providing not less than one hundred twenty (120) days’ prior written notice. This Lease may be renewed at the option of the Government for two (2), 5-year terms. The Government reserves the right in the Lease to not include an option, or to reduce the length of an option, if inclusion of the option would cause the Lease to score as a capital lease, in accordance with the Budget Scorekeeping:

Operating Lease Treatment paragraph of this RLP. Should the Government make the determination to modify the term or option(s), an amendment to the RLP will be issued.

2. Section 3.03, PRICING TERMS (FEB 2026), Subparagraph B.4.

4. The annual rent to amortize the Tenant Improvements. Such amortization must be expressed as a cost per ABOA and RSF per year. This must be all alterations for the Space above the Building shell and BSAC build-out. Such alterations must be described and identified in the drawings used to construct the Space. If the Offeror chooses to amortize the TI for a period exceeding the first five (5) years of the Lease Term, the Offeror must indicate the extended time in the offer. If the Government terminates the Lease after the Firm Term or does not otherwise renew or extend the term beyond the Firm Term, the Government must not be liable for any unamortized TI costs resulting from an extended amortization period.

3. Section 3.03, PRICING TERMS (FEB 2026), Subparagraph B.6.

6. A shell rate per ABOA and RSF for that portion of the lease term extending beyond the Firm Term. The rate proposed for this portion of the term must not reflect any TIs or BSAC as they will have been fully amortized over the first five (5) years of the Lease Term.

This document amends the Lease (L100) as follows:

1. Page 1, Paragraph C., LEASE TERM

C. To Have and To Hold the said Premises with its appurtenances for the term beginning upon acceptance of the Premises as required by this Lease and continuing for a period of

20 Years, 15 Years Firm,

2. Section 1.03, RENT AND OTHER CONSIDERATION (FEB 2026), Subparagraph A, Notes #3 and #4

3Tenant Improvement (TI) Allowance of $XX. XX per ABOA SF is amortized at a rate of X percent per annum over XX years. Subject to adjustment based upon the final TI cost to be amortized in the rental rate. The Government must not be liable for unamortized costs beyond the first five (5) years of the Lease Term.

Docusign Envelope ID: 306BDD37-78F2-8B6F-83F0-B6B5D91B677A

RLP AMENDMENT NO. 3 – SEPTEMBER 16, 2026

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4Building Specific Amortized Capital (BSAC) of $XX.XX per ABOA SF is amortized at a rate of X percent per annum over XX years. Subject to adjustment based upon the final BSAC cost to be amortized in the rental rate. The Government must not be liable for unamortized costs beyond the first five (5) years of the Lease Term.

3. Section 1.03, RENT AND OTHER CONSIDERATION (FEB 2026), Subparagraph G

G. For succeeding Leases with an incumbent Lessor where the Government is currently in occupancy and possession of the leased Premises and where the Lease requires the Lessor to perform alterations using either the TIA or BSAC, the amortized tenant improvement rent and/or BSAC rent will not commence until the alterations are complete and accepted by the Government. Upon acceptance of these improvements, the Government will commence payment of the tenant improvement and/or BSAC rent as stipulated under the Lease, in addition to payment of the tenant improvement and/or BSAC rent for the period starting from the Lease Term Commencement Date to the date of tenant improvements/BSAC acceptance by the Government (such rent payment will not include any additional interest). Alternatively, the Government may elect to re-amortize the tenant improvements/BSAC over the remaining first five (5) years of the Lease Term, at the amortization rate stipulated in the Lease. In the event the Government does not use all the TIA or BSAC, then the rental payments will be adjusted in accordance with the provisions of the Lease (e.g., de-amortization).

4. Section 1.04, TERMINATION RIGHTS (FEB 2026)

The Government may terminate this Lease, in whole or in parts, at any time effective after the Firm Term of this Lease, by providing not less than 120 days’ prior written notice to the Lessor. The effective date of the termination must be the day following the expiration of the required notice period or the termination date set forth in the notice, whichever is later. No rental must accrue after the effective date of termination.

5. Section 1.05, RENEWAL RIGHTS (FEB 2026), Subparagraph A

A. This Lease may be renewed at the option of the Government for two (2) terms of FIVE (5) YEARS at the following rental rate(s):

OPTION TERM, YEARS XX – XX

ANNUAL RENT ANNUAL RATE / RSF

EVALUATED OR

UNEVALUATED

SHELL RENTAL RATE $XX $XX

OPERATING COSTS

OPERATING COST BASE MUST CONTINUE FROM THE EFFECTIVE YEAR OF

THE LEASE. OPTION TERM IS SUBJECT TO CONTINUING ANNUAL

ADJUSTMENTS.

provided notice is given to the Lessor at least 120 days before the end of the original Lease term or any extension thereof; all other terms and conditions of this Lease, as same may have been amended, must remain in full force and effect during any renewal term.

6. Section 1.07 RENTAL ADJUSTMENT: TENANT IMPROVEMENT, BUILDING SPECIFIC AMORTIZED

CAPITAL (FEB 2026), Subparagraphs A and B

A. The Government, at its sole discretion, must make all decisions as to the use of the Tenant Improvement Allowance (TIA) and/or Building Specific Amortized Capital (BSAC). The Government may elect to make lump sum payments for any or all work covered by the TIA and/or BSAC. The Government may use all or part of the TIA and/or BSAC. The Government may return to the Lessor any unused portion of the TIA and/or BSAC in exchange for a decrease in rent according to the agreed-upon amortization rate over the first five (5) years of the Lease Term.

RLP AMENDMENT NO. 3 – SEPTEMBER 16, 2026

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B. The Government may elect to make lump sum payments for any or all work covered by the TIA.

That part of the TIA amortized in the rent must be reduced accordingly. At any time after occupancy and during the Firm Term of the Lease, the Government, at its sole discretion, may elect to pay lump sum for any part or all of the remaining unpaid amortized balance of the TIA. If the Government elects to make a lump sum payment for the TIA after occupancy, the payment of the TIA by the Government will result in a decrease in the rent according to the amortization rate over the first five (5) years of the Lease Term.

This document is now considered to be part of RLP No. 2PR0143. Offeror must acknowledge receipt of the RLP amendment, by signing it and returning it.

Signed:

Caitlin Morgan Lease Contracting Officer

Receipt of Amendment No. 3 is hereby acknowledged:

Offeror’s Signature & Date