Agreement#: AG-27025
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Commercial Office Lease

Effective Date: December 31, 1987
Parties:

Amkor

Sectors: Electronics and Miscellaneous Technology
Governing Law:  Pennsylvania
COMMERCIAL OFFICE LEASE



This Lease Agreement ("Lease") is entered into this 14th day of June 1996 ("Effective Date") by and between the 12/31/87 Trusts of Susan Y., David D., and John T. Kim, c/o Amkor Electronics, Inc., 1345 Enterprise Drive, West Chester, Pennsylvania 19380 ("Lessors") and Amkor Electronics, Inc., a Pennsylvania corporation, with its principal office at 1345 Enterprise Drive, West Chester, Pennsylvania 19380 ("Lessee").



1. PREMISES



a. Lessors do hereby lease to Lessee and Lessee does hereby lease

from Lessors those certain premises located at 1900 South New

Price Road, Chandler, Arizona and consisting of approximately

42,682 square feet (the "Premises").



b. Said letting is upon and subject to the terms, covenants and

conditions herein set forth, and Lessors and Lessee covenant

as a material part of the consideration for this Lease to keep

and perform each and all of said terms, covenants and

conditions by it to be kept and performed and that this Lease

is made upon the condition of such performance.



2. PURPOSE



The Premises are to be used for conducting Lessee's lawful business

activities and for no other purposes without the written consent of



3. TERM



The initial term of this Lease shall be for a period of 10 (ten) years

beginning on the first (1st) day of June 1996 and ending on the

thirty-first (31st) day of May 2006. The Lease may thereafter be

extended pursuant to paragraph 20 herein.



4. RENT



a. Guaranteed Minimum Monthly Rental



Lessee shall pay to Lessors during the term of this Lease,

beginning June 1, 1996 (or upon such date as the Premises are

available for Lessee's occupancy) and continuing through the

expiration of this Lease ending May 31, 2006, the annual

rental of Six Hundred Forty Thousand Two Hundred Thirty

Dollars ($640,230) paid in equal monthly installments of Fifty

Three Thousand Three Hundred Fifty Two Dollars and Fifty Cents

($53,352.50) in advance on the first day of each and every

month during the term of this Lease. If the Guaranteed Monthly

Rental is not received by Lessors within ten (10) days of its

due date, it is in default. Any Guaranteed Minimum

Monthly Rent in default may be subject, at Lessors'







discretion, to an additional charge of five percent (5%) per

month on the unpaid balance thereof as a late charge. In

addition to Guaranteed Rent, Lessee agrees to pay any excise,

privilege or sales taxes or any tax levied on the rental or

the receipt thereof, except Lessors' income tax.



Said rental shall be paid to Lessors by check or wire transfer

in equal amounts to Susan Y. Kim as Trustee for the 12/31/87

Trust of Susan Y. Kim; David D. Yjm as Trustee for the

12/31/87 Trust of David D. Yjm; and John T. Kim as Trustee for

the 12/31/87 Trust of John T. Kim, in lawful money of the

United States of America at 1345 Enterprise Drive, West

Chester, Pennsylvania 19380, or to such other person or at

such other place as Lessors may from time to time designate in



b. Rental Adjustments



Effective January 1, 1998 and on January I ("Adjustment Date")

of each year during the term of this Lease and any extension

hereto, the Guaranteed Minimum Monthly Rental shall be

adjusted in accordance with the increase in the Consumer Price

Index ("CPI") as published by the Bureau of Labor statistics

of the U.S. Department of Labor. The CPI published for the

month nearest (but preceding) the month in which the term

commences shall be the Base Index. The Base Rent shall be

adjusted by multiplying the Base Rent by a factor computed by

adding one (1) to fifty percent (50%) of a fraction, the

numerator of which shall be the difference between the CPI for

the month nearest (but preceding) the Adjustment Date and the

Base Index and the denominator of which shall be the Base



5. ADDITIONAL EXPENSES



Lessee shall pay all local, state, and federal taxes, charges,

assessments, government fees of any kind, or like expenses, imposed

upon the Premises during the term of the Lease. Lessee shall further

pay all other expenses including, but not limited to management,

utilities, janitorial, maintenance of building, grounds, insurance,



6. CARE OF PREMISES, ALTERATIONS, ETC.



Lessee shall take good care of the Premises and shall, at Lessee's own

cost and expense make all repairs to the Premises and fixtures other

than structural repairs. At the end of the term of this Lease, Lessee

shall deliver the Premises in good order and condition, damages by

ordinary wear and tear excepted.



a. The Lessee shall promptly execute and comply with all

statutes, ordinances, rules, orders, regulations and

requirements of any governmental or quasi-governmental

authority, including departments, bureaus and the like, having

jurisdiction applicable to the Premises, for the correction,

prevention, and abatement of









violations, nuisances or other grievances, in, upon, or

connected with the Premises during the term of this Lease, at

the Lessee's own cost and expense.



b. Lessee, Lessee's successors, heirs, executors or

administrators shall not make any alterations to the Premises

without the Lessors' consent in writing, or occupy, or permit

or suffer the same to be occupied for any business or purpose

deemed disreputable or extra-hazardous on account of fire,

under the penalty of damages and forfeiture, and in the event

of a breach thereof, the term herein shall immediately cease

and terminate at the option of the Lessors as if it were the

expiration of the original term.



c. Lessee will not do anything in or to the Premises, or bring

anything into the Premises, or permit anything to be done or

brought into or kept in the Premises, which will in any way

increase the rate of insurance on said Premises, nor use the

Premises or any part thereof, nor allow or permit its use for

any business or purpose which would cause an increase in the

rate of insurance on said building, and the Lessee agrees to

pay as additional rent the cost of any increase in insurance

on demand by Lessors.



7. REAL ESTATE TAXES



Lessee acknowledges that the Premises comprise one hundred percent

(100%) of the building, and Lessee shall be responsible for the payment

of all real estate taxes assessed against the Premises. In the event

that real estate taxes due and owing by Lessors for the building shall

be increased above those charges during the base year (which is defined

as the tax or fiscal year used by the governmental authority assessing

such taxes in effect on the commencement date of this Lease), Lessee

agrees to pay as additional rent within thirty (30) days of receipt of

notice from Lessors, an amount equal to such additional real estate



8. SERVICES AND UTILITIES



Lessee shall pay for all telephone and other such services for the

leased Premises as contracted for by Lessee.



9. PERSONAL PROPERTY TAXES



Lessee agrees to pay or cause to be paid, before delinquency, any and

all taxes levied or assessed and which become payable during the term

hereof upon all equipment, furniture, fixtures, and other personal

property located in the Premises.









10. DAMAGE TO THE PREMISES



Lessee must give Lessors prompt notice of fire, accident, casualty,

damage or dangerous or defective conditions with respect to the

Premises. Lessors shall only be responsible for the damaged structural

parts of the Premises. Lessors are not required to repair or replace

any equipment, fixtures, furnishings or decorations unless originally

installed by Lessors. Lessors are not responsible for delays due to

settling insurance claims, obtaining estimates, labor and supply

problems or any other cause not fully under Lessors' control.



a. If the fire or other casualty is caused by an act or neglect

of Lessee, Lessee's employees or persons on the Premises with

permission of Lessee, or at the time of the fire or casualty

Lessee is in default in any term ...

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Agreement#: AG-27025
Pages: 10 pages
Format: MS Word MS Word Compatible
Price: $35.00
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