SLA extension gs-11b-80647.pdf

GENERAL SERVICES ADMINISTRATION

PUBLIC BUILDINGS SERVICE

SUPPLEMENTAL LEASE AGREEMENT

I GS- 1 1B- 80647

Metro Executive Park ADDRESS OF PREM ISES

SUPPLEMENTAL AGREEMENT DATE

NO. 37

TO LEASE NO.

15800 Crabbs Branch Road Rochlle, MD rHIS AGREEMENT, made and entered into this date by and between MEP I & 11, LLC whose address is: 770 Township Line Road, Suite 150, Yardley, PA 19067 hereinafter called the Lessor, and the UNITED STATES OF AMERICA, hereinafter called the Government:

WHEREAS, the parties hereto desire to amend the above Lease.

NOW THEREFORE, these parties for the considerations hereinafter mentioned covenant and agree that the said Lease is amended, as follows:

&is Supplemental Lease Agreement is issued to reflect the following:

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This Supplemental Lease Agreement (SLA) #37 is issued to reflect a two year lease extension beginning June 11, 2009 through June 10, 201 1, at Metro Executive Park located at 15800 Crabbs Branch Way, Rockville, Maryland 20850.

The square footage under this lease is described as a total of 19,258 rsf/16,782 usf, comprised of 17,026 rsf/14,837 usf on the 1st floor, known as Suite100, and 2,232 rsf/1,945 usf on the 2nd floor, known as Suite 200, of office and related spaces.

The Government shall have a one time right to terminate Suite 100 effective May 31, 2010, by providing 90 days prior written notice of its intent to Terminate.

The Government shall have the right to terminate Suite 200 anytime after December 3 1, 2009, by providing 120 days prior written notice to Lessor.

The Government shall pay the Lessor the annual rent equal to $491,079 ($25.50 per rsfl on a full service basis, payable at a rate of $40,923.23 per month in arrears. Rent for a lesser period shall be prorated.

The Government accepts the building shell, in its current “as-existing” condition such that the “as existing” layouts, items, and systems shall be maintained in good repair and tenantable condition, and the Lessor is responsible at its cost for any and all necessary maintenance, repair and/or replacement as established in this lease.

The 2009 CPI adjustment will be processed in accordance with SFO paragraph 2.5 (b) Operating Cost Escalations.

The operating cost base will remain at $96,223.00. The base year remains at 2003.

The Government shall continue to pay Tax Adjustments on the leased portion of the premises in accordance with SFO paragraph 2.4. The Government’s percentage of occupancy remains at 27.75% for the purpose of calculatina tax adiustment .

I O . The Tax bgse wili remain $25,690. The base year remains at 1999

This document shall not be construed as a waiver of any rights, benefits, or interest that the Tenant has under the lease contract.

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This document will not constitute a payment obligation until the commencement of the option period. No Monies whatsoever are due under this agreement until thirty days after commencement of the extension term.

All other terms and conditions of the lease shall remain in force and effect.

IN WITNESS WHEREOF, the parties subscribed their names as of the above date.

LESSOR MEP I & 11, LLC

By: Bergen of Rockville, Inc.

Ex-) 6SbT (Title)

IN THE PRESENCE OF (witnessed by:)

(Signature) (Address)

Contracting Officer. GSA. NCR. PBS

GSA DC 68-1176