Lease Month | RSF | Annual Base Rent per Rentable Square Foot | Monthly Base Rent |
July 1, 2013 – December 31, 2013 (55-60) | 11,027 | $27.50 | $25,270.21 |
January 1, 2014 – February 28, 2014 (61-62) | 14,328 | $27.50 | $32,835.00 |
March 1, 2014 – June 30, 2014 (63-66) | 14,328 | $27.50 | $32,835.00 |
July 1, 2014 – June 30, 2015 (67-78) | 14,328 | $28.12 | $33,575.28 |
July 1, 2015 – June 30, 2016 (79-90) | 14,328 | $28.75 | $34,327.50 |
July 1, 2016 – June 30, 2017 (91-102) | 14,328 | $29.40 | $35,103.60 |
July 1, 2017 – June 30, 2018 (103-114) | 14,328 | $30.06 | $35,891.64 |
July 1, 2018 – December 31, 2018 (115-120) | 14,328 | $30.74 | $36,703.56 |
January 1, 2019 – May 31, 2019 (121-125) | 14,328 | $31.43 | $37,527.42 |
• | Ceiling grid and tiles in the affected area shall appear seamless/contiguous upon completion |
• | Flooring and Base Boards to match current |
• | Wood floors remain and repaired / replaced as needed (except for new workstations which are to receive carpet to match existing) |
• | Corridor lighting remains |
• | New paint throughout, two (2) coats – color choice of Tenant. |
• | Electrical outlets to be relocated and/or added in reasonable quantities consistent with current layout |
• | Glass inset in wall adjacent to Reception Desk to remain as per Exhibit A |
• | Granite transaction top with laminate work surface for both reception workstations. |
• | Create 2 workstations as shown on Exhibit A, with ADA compliance needs met with minimal impact to workstation function and aesthetics as discussed if possible. |
• | Keep wall height for workstations low on both sides, similar to existing granite counter height – final height to be confirmed by Tenant prior to permit submittal. |
• | Carpet under workstations to match the rest of the space |
• | Replace existing track lights in the Breakout Area outside Conference Room B with new can lights. |
• | Columns and windows to be installed/relocated as shown on Exhibit A. |
• | New curved wall in Breakout Area to receive wood paneling to match balance of Reception area. |
• | Wall color and wood accents / paneling to match current. |
• | Floors are to have a border of current wood with a carpet insert under table and chairs similar in nature to that shown in Exhibit A of First Amendment. |
• | Carpet will include a border in large conference room, using current carpet design if possible. |
• | Tenant shall have the option to keep the existing entry doors to Conference Room B or to replace Conference Room B doors with doors to match existing Conference Room A doors. |
• | Ceiling detail similar in nature to that as shown in Exhibit A of First Amendment. |
• | HVAC vents in Conference Room B will be redesigned in order to minimize sound and strong air flow towards conference attendees. |
• | Finishes to match existing for new Conference Room B. |
• | New walls to include insulation within the wall. Insulation to be placed in the ceiling above each conference room where possible (subject to ductwork, clear heights, return air requirements, etc.) |
• | Check to make sure that window blinds are in good working order. |
• | Landlord to make one new core drill in Conference Room B, and if not already existing, in Conference Room A as well, to allow for power outlets and data for all conference rooms to fit Tenant needs. Landlord will install electrical in the core drill hole(s) and conduit for voice/data. All voice/data cabling at Tenant’s discretion and expense. |
• | Conference room A and B and the New Open Conference in the Suite 510 Expansion Space to have wiring for IT and phones. Landlord to install conduit and pull strings – Tenant to pay for actual wiring and installation. |
• | Relocate server closet as shown on Exhibit A. (adjust size of all adjacent workstations for consistency) |
• | Relocation to include floor tile to match current server room |
• | Landlord to ensure supply and return vents for HVAC within the Relocated Server Room to create positive airflow comparable to the balance of the Premises and both expansion areas. |
• | Landlord will relocate the card access reader currently servicing the back door to the Premises and install on the new server room door. |
• | Any modifications to the sprinkler or fire alarm system requested by Tenant to be made to the server room area (beyond a simple relocation of the existing, exposed sprinkler head) will be at Tenant’s expense. |
• | A 1.5-ton supplemental cooling system will be installed in the server room. Landlord shall cover the cost of the equipment and installation of the unit. |
• | Confirm separate light switch for each office |
• | All doors to swing as shown on Exhibit A |
• | All locks and hardware to match existing offices |
• | New offices to have same number of light fixtures as existing subject to city of Raleigh energy code |
• | New offices to have sidelights / windows matching offices in existing Premises as shown on Exhibit A |
• | New offices to have minimum of one duplex outlet per wall (excluding window walls) |
• | All newly constructed walls to be insulated |
• | Blinds to be in good condition matching Tenant’s existing Premises or will be replaced |
• | Paint, carpet and finishes to match offices in existing Premises |
• | Ceiling tiles in expansion area to match existing Premises |
• | Existing parabolic lights within the hallway (between window offices and Workstations) to be shifted as needed in order to center appropriately. Tenant to approve location on reflected ceiling plan prior to permit submittal (subject to city of Raleigh code requirements). |
• | New Workstations to be constructed to match Workstations within existing space in height, material, and finish detail including side returns similar to existing providing additional privacy. |
• | Power outlets and data to match existing workstations |
• | Paint, carpet and finishes in New Workstation area to match paint, carpet, finishes of the Workstation area of the existing Premises |
• | Notes on plan re: matching all counter top heights and layout (See Exhibit A) |
• | Fix corner pieces as needed in current workstations as shown on Exhibit A |
• | Re-use existing upper and lower cabinets and configure as shown on Exhibit A. Replace floor tiles to match existing |
• | New dishwasher installed with power/water as shown on Exhibit A |
• | Install dedicated outlets for refrigerator and copier in locations indicated on Exhibit A |
• | Landlord to replace all currently carpeted areas throughout the Suite 510 Expansion Space and the existing Premises using a carpet of the same quality and style as that currently in the existing Premises. Tenant shall select the specific carpet and brand to be installed. |
• | All cabinetry in good working order with no distress |
• | HVAC with even temperature throughout the space |
• | Carpet, or cove base for carpeted areas in Suite 510 Expansion Space to match current carpet/base in Premises. In the event that new carpet does not match in all areas of new carpet to the current carpet, then Landlord will work with Tenant to find a mutually agreeable solution. |
• | Blinds in the expansion space shall be in good working order and match those in the existing Premises. |
• | Dedicated circuit installed for copier, and refrigerator in the Suite 510 Expansion Space. New dedicated circuit to be installed in the event Tenant elects to relocate server room as shown on Exhibit A. |
• | Landlord to ensure at least two (2) Data / Voice outlets in each office in the Suite 510 Expansion Space. Landlord will install a box with conduit and pull string for any offices lacking at least two (2) in a location to be selected by Tenant. All cabling for voice/data to be done by Tenant’s contractor at Tenant’s expense. |
• | Affected work areas currently containing hardwood floors (Reception, Conference Room B, breakout area) shall be receive matching hardwoods consistent with those existing. The new reception Workstations to receive carpet to match the existing office areas along with the carpet insert shown in Conference Room B on Exhibit A. |
• | All sprinklers in expansion space up to code |
• | Additional exits / stair access in compliance with fire code |
• | Wherever code requires a new sprinkler head to be installed (not relocated), Landlord will install a new recessed head. Landlord will price the cost of replacing exposed sprinkler heads in all open areas with recessed sprinkler heads. Tenant may elect, at Tenant’s sole expense, to pay to replace the heads at its discretion in any areas within the Premises. |
• | All new ceiling tiles in Suite 510 Expansion Space to match those in existing Premises in color, tile specification, quality and size throughout |
• | Suite 510 Expansion Space as well as existing Premises to receive two (2) coats of paint throughout in a color to be selected by Tenant. |