SUBLEASE AGREEMENT
THIS SUBLEASE AGREEMENT is entered into as of May 18, 2005, between Convera Corporation, a Delaware corporation (“Subtenantâ€) and MWH Americas, Inc., a California corporation (“Tenantâ€).
WHEREAS, Gateway 44, LLC (“Landlordâ€), by an Agreement of Lease which commenced March 17, 2003 (“Leaseâ€), leased to Tenant the premises known as Suite 150 consisting of approximately 5,024 rentable square feet of space in the building located at 6760 Alexander Bell Drive, Columbia, Maryland 21046 as shown on the attached Exhibit “A†(the “Premisesâ€); and
WHEREAS, Tenant desires to sublease the Premises to Subtenant and Subtenant desires to take the Premises by sublease from Tenant under all of the terms and conditions of this Sublease;
NOW, THEREFORE, in consideration of the sublease of the Premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the parties, the parties agree as follows:
| 1. |
Sublease. The Tenant hereby subleases to the Subtenant the |
Premises comprised of approximately 5,024 rentable square feet of space located in real property leased by the Tenant from the Landlord at 6760 Alexander Bell Drive, Suite 150, Columbia, Maryland 21046.
2. Term of Sublease. The term of this Sublease shall commence on June 1, 2005 and shall terminate on June 30, 2008.
3. Rent. The Subtenant shall pay rent to the Tenant for the Premises at the rate of $18.00 per rentable square foot per year for the first year in monthly increments of $7,536.00. Rent for June and July, 2005 shall be abated. Beginning June 1, 2006, rent shall increase by $.75 per rentable square foot per year and on June 1st of each year, thereafter. The first month’s rent (for August 2005) shall be paid at the time of execution of this Sublease. Subsequent rent payments shall be due without notice on the first day of each and every month commencing on September 1, 2005 and continuing to and including June, 2008. All rent shall be paid to the Tenant and shall be remitted to Landlord so that the rent is received on or before the first day of each and every month. Late payments shall be subject to fees called for in Section 6.6 of the Lease.
4. Security Deposit. The Subtenant shall pay the Tenant a Security Deposit