Lease Amendment No. 2 Dated As Of March 1, 1996

Exhibit 10.1


LEASE AMENDMENT NO. 2


KATELL VALENCIA ASSOCIATES / 3-D SYSTEMS, INC.

1. PARTIES.

This Lease Amendment No. 2 (this " Amendment") is entered into as of this 1st day of March, 1996, by and between Katell Valencia Associates, a California limited partnership (" Landlord") and 3-D Systems, Inc., a California corporation (" Tenant").

2. RECITALS.

2.1 Lease . Landlord is the successor-in-interest to Valencia Tech Associates, a California partnership, which entered into with Tenant a lease dated January 1, 1989 (the " Original Lease") covering approximately 78,320 rentable square feet of premises, constituting all of Building 6 located at 26081 Avenue Hall, Valencia, California 91355. The Original Lease was amended by Lease Amendment No. 1 dated May 28, 1993 (" Amendment No. 1") entered into between Landlord and Tenant (the term " Lease" as used herein shall mean the Original Lease as amended by Amendment No. 1 and this Amendment).


2.2 Defined Terms . Unless otherwise expressly set forth herein, all initially capitalized defined terms used herein shall have the same meanings ascribed to them in the Original Lease.

3. AMENDMENT.

3.1 Supersede and Replace Section 4.04(b) . The provisions of this Section 3 of this Amendment shall supersede and replace in their entirety the provisions of Section 4.04(b) of the Original Lease.


3.2 Hazard and Rental Income and Insurance . During the Lease Term Tenant shall maintain a policy or policies of insurance at Tenant's expense, covering loss of or damage to the Property in the full amount of its replacement value with deductible amounts not in excess of Ten Thousand Dollars ($10,000). Such policies shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, malicious mischief, special extended perils (all risk), sprinkler leakage, earthquake sprinkler leakage, Inflation Guard endorsement, and any other perils (except flood and earthquake, unless required by any lender holding a security interest in the Property, subject to the limitations set forth below) which Landlord deems necessary. If Tenant does not carry such insurance, Landlord may obtain insurance coverage for Tenant's fixtures, equipmen ...