EX-10.7 3 nholease.htm FOURTH AMENDMENT - NEW HAMPSHIRE OFFICE nholease.htm
 
Exhibit 10.7
 
FOURTH AMENDMENT TO LEASE AGREEMENT
 
NOW COME Central United Life Insurance Company (“Lessor”) and GraphOn Corporation (“Lessee”) pursuant to a lease agreement between the parties dated October 24, 2003 (the “Agreement”) and confirm the following:
 
1. EFFECTIVE DATE OF THE AMENDMENT
 
This Fourth Amendment becomes effective September 15, 2009 and continues through the term of the Agreement.
 
2. TERM
 
Lessor does hereby extend the Lease term for a three (3) year term commencing on September 15, 2009 and ending on September 14, 2012.  Lessee shall have the right to terminate the Lease at any time during the term by giving a six (6) month advance written notice to Lessor.
 
3. BASE RENT
 
Lessee shall pay to Lessor annual rent in the amount of One Hundred Five Thousand Six Hundred and Fifty Nine Dollars ($105,659.00) the “Base Rent,” which base rent is calculated at Nineteen Dollars ($19.00) per square foot for Five Thousand Five Hundred Sixty One (5,561) square feet (except for any fractional months at the beginning and end of each term which shall be prorated).  Lessee shall make payment in equal monthly installments of Eight Thousand Eight Hundred and Four Dollars and Ninety Two Cents ($8,804.92) in advance on the first day of each month.
 
4. CONTINUATION OF AGREEMENT
 
In all other respects, the Agreement shall remain in full force and effect.
 

 
 
 

IN WITNESS WHEREOF, the parties hereto have executed this Third Amendment by their officers hereunto duly authorized.
 
LESSOR:
 
Date:  09/17/09                                           
CENTRAL UNITED LIFE INSURANCE CO.
 
BY:/s/ Douglas G. Noyes
Douglas G. Noyes
Its Duly Authorized Representative
   
LESSEE:
 
Date:  09/17/09                                
GRAPHON CORPORATION
 
BY:/s/ William Tidd
William Tidd
Its Director of Engineering

 
STATE OF NEW HAMPSHIRE
 
COUNTY OF MERRIMACK
 
The foregoing instrument was acknowledged before me this 17 th day of September, 2009 by Douglas G. Noyes, Duly Authorized Representative of Central United Life Insurance Company.
 
 
BY:/s/ Susan Maples
Notary Public
 
STATE OF NEW HAMPSHIRE
 
COUNTY OF MERRIMACK
 
The foregoing instrument was acknowledged before me this 17th day of September, 2009 by William Tidd of GraphOn Corporation.
 
 
BY:/s/ Susan Maples
Notary Public