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EXHIBIT 10.19
PARTIAL LEASE TERMINATION AGREEMENT II
This Partial Lease Termination Agreement II is made and entered into as of March 1, 2000, by and between Limar Realty Corp #26, a California corporation ("Landlord") and Preview Systems, Inc., a Delaware Corporation, successor in interest to Preview Software, Inc., a California corporation ("Tenant").
R E C I T A L S
This Partial Lease Termination Agreement II (the "Partial Termination Agreement II") is made with reference to and in reliance upon the following facts:
Therefore, for valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows:
The Lease will terminate as to the Expansion Premises on or before 11:59 p.m., March 31, 2000, as specified by Tenant in written notice to Landlord at least ten (10) days prior to the effective date of termination (the "Expansion Premises Termination Date"), and Landlord and Tenant shall thereafter have no further obligations with respect to the Expansion Premises except as provided herein. Notwithstanding any provision in this Partial Termination Agreement II to the contrary, all terms and conditions of the Lease with respect to the Expansion Premises shall remain in full force and effect until the Expansion Premises Termination Date (i.e., without limitation Tenant shall continue to pay timely all of its Base Rent and its proportionate share of Expenses including Real Estate Taxes, HVAC maintenance, Insurance and Common Area charges through the Expansion Premises Termination Date).
Upon execution of this Partial Lease Termination Agreement II, Tenant shall pay to Landlord a Termination Premium in the amount of Six Thousand Eighty Five and 52/100 Dollars ($6,085.52) [2,046 r.s.f./10,445 r.s.f. × $1,859.19 / month × 16.71 months].
Tenant shall surrender the Expansion Premises to Landlord on or before the Expansion Premises Termination Date having fulfilled without limitation all of its obligations pursuant to the Lease, and Tenant shall pay any other amounts owing for Rent or reimbursements accrued through the Expansion Premises Termination Date.
Upon written request by Tenant no earlier than thirty (30) days following the Expansion Premises Termination Date, Landlord shall return to Tenant the Security Deposit for the Expansion Premises as set forth in 7 of the Second Amendment to Lease dated August 26, 1998.
IN WITNESS WHEREOF, Landlord and Tenant have executed this Agreement as of the date first written above.
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Preview Systems, Inc., a Delaware corporation | Limar Realty Corp #26, a California corporation | |||
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