EX-10 3 ex102.htm FIRST AMENDMENT TO LEASE AGREEMENT

EXHIBIT 10.2

FIRST AMENDMENT TO LEASE
DATED MARCH 15, 2010
BETWEEN
THE BLOOM ORGANIZATION OF SOUTH JERSEY, LLC (LANDLORD)
AND
TELVUE CORPORATION (TENANT)

          PURSUANT to a Lease dated March 1, 2010 for 8,732 square feet of space known as 16000 Horizon Way, Suite 500, Mount Laurel, New Jersey; between the aforementioned parties, the following changes shall be made:

 

 

 

 

 

1.

PREMISE:

16000 Horizon Way, Suite 500

 

 

 

Mount Laurel, New Jersey

 

 

 

 

 

2.

SIZE:

8,732 square feet

 

 

 

 

 

3.

OPERATING

 

 

 

EXPENSE

 

 

 

ALLOCATION:

The 2009 base year Operating Expense Allocation

 

 

 

in Article 5 of the Lease titled “Additional Rent” is

 

 

 

$2,795 per month; $3.84 per square foot.

All other terms and conditions of the original Lease will remain in full force and effect.

 

 

 

 

THE BLOOM ORGANIZATION

 

OF SOUTH JERSEY, LLC, (Landlord)

 

 

 

 

By:

/s/ Frank Martin

 

 

 

 

 

Frank Martin, President

 

 

 

 

 

 

 

TELVUE CORPORATION, (Tenant)

 

 

 

 

By:

/s/ Jesse Lerman

 

 

 

 

Name:

Jesse Lerman

 

 

 

 

Title:

President & CEO