CONVENTUS PARTNERS, LLC,
as Landlord
and
FORT SCHUYLER MANAGEMENT CORPORATION

as Tenant

 

FIRST AMENDMENT TO LEASE AGREEMENT

 

Dated as of January Ll, 2015

 

FIRST AMENDMENT TO LEASE AGREEMENT

THIS FIRST AMENDMENT TO LEASE AGREEMENT (?First
Amendment?) is made as of the day of January, 2015 by and be1 ween by and between
CONVENTUS PARTNERS, LLC, a New York limited liability company having a mailing
address at Centerpointe Corporate Park, 350 Essjay Road, Williams ville, New York 14221
(the "Landlord"), and FORT SCHUYLER MANAGEMENT CORPORATION, a New
York not-for-pro?t corporation having a mailing address at 259 Ful~ er Road, Albany, New
York 12203, (the "Tenant").

WHEREAS, Tenant and Landlord have entered into that certain lease
agreement dated as of December 2014 (the ?Original Lease?) pursuant to which Tenant
leases from Landlord approximately 767 rentable square feet on the ?rst (lst) ?oor of the
building located at 1001 Main Street, Buffalo, New York (the ??Building?) and 51,750
rentable square feet located on the sixth (6th) ?oor of the Building; and

WHEREAS, Landlord desires to lease to Tenant and Tenant desires to lease
from Landlord additional space located on the ?rst ?oor of the Building and Landlord and
Tenant have agreed to modify the Lease to incorporate the leasing such additional space
and to set forth any speci?c lease terms with respect to such additional space.

NOW, THEREFORE, for one dollar and or her good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, Tenant and
Landlord hereby agree as follows:

1. All capitalized terms used in this First Amendment, but not de?ned herein, shall have the
meaning ascribed thereto in the Original Lease.

2. The ?rst paragraph of Section 1 of the Original Lease is hereby deleted in its entirety and
replaced with the following:

?Landlord hereby leases to Tenant and Tenant agrees to lease from Landlord that portion
of the Building comprising Seven Hundred Sixty-Seven (767) rentable square feet
located on the ?rst (1st) ?oor of the Building and approximately Fifty?One Thousand
Seven Hundred Fifty (51,750) rentable square feet located on the sixth (6th) floor of the
Building, with access to and from. Main Street and High Street 1nd the interior of the
Building (collectively, the "Original Leased Premises") upon the terms and conditions
set forth in this Lease Agreement, which Original Leased Premises are depicted with

more particularity on Exhibit attached to the Original Lease, and Four Thousand
Three Hundred Sixty-One (4,361) rentable square feet located the north-easterly
portion of the ?rst ?oor of the Building and Three Thousand ven Hundred orty-SiX
(3,746) rentable square feet located in the south?easterly portio of the ?rst ?oor of the
Building, with access to and from Main Street and High Street nd the interior of the
Building (collectively, the ?Additional Leased Premises?, wh ch Additional Leased
Premises are depicted with more particularity on Exhibit B-l ached to this First
Amendment. The Original Leased Premises and the Additiona Leased Premises are
collectively referred to as the ?Leased Premises.?

 

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3. The ?rst page of Exhibit attached to the Original Lease is hereby amended to replace
the words ?Leased Premises on 1st Floor? with the words ?Original Leased Premises on
Floor?.

4. The first paragraph of Section 5 of the Original Lease is hereby deleted in its entirety and
replaced with the following:

?5 Rent.

Tenant covenants and agrees to pay to Landlord base rent (?Base Rent?) as

 

 

follows:
a. With respect to the Original Leased Premises:
Lease Years Base Rent Per Rentable Square Foot Per Lease Year
1-5 $23.27
6-10 $25 .30
1 1-15 $27.32
16-20 $29.35
and
b. With respect to the Additional Leased Premises:
Lease Years Base Rent Per Rentable Square Foot Per Lease Year
1-5 $27.43
6-10 $28.43
11-15 $29.43
16-20 $30.43

5. Except as expressly amended by this First Amendment, the Lease is hereby rati?ed,
con?rmed and approved in all respects.

OF PAGE INTENTIONALLY SIGNATURE PAGE


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IN WITNESS WHEREOF, this First Amendment has been executed as of the date and
year ?rst above written.

Landlord:
CONVENTUS PARTNERS, LLC

By: Conventus Manager, LLC, its manager

By: F.L.C. 50 High Street Corporation, its
sole member

By:
Name: Paul Ciminelli
Title: Secretary

 

Tenant: Fort Schuyler Management Corporation,
a New York not-for-pro?t corporation

Name: Walter G. Barber
Title: Chairman

 

 

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EXHIBIT B-l

DEPICTION OF ADDITIONAL LEASED PREMISES

 

07649400000 Business IRSIDQIOVI 
st amendml Io lease I 20 lS.docx