Agreement of Lease

Exhibit 10.2.1


AGREEMENT OF LEASE


by and between


TELXON CORPORATION
Landlord


and


AIRONET WIRELESS COMMUNICATIONS, INC.
Tenant


for


91 Springside Drive
Akron, Ohio 44333-2428


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BASIC LEASE INFORMATION
-----------------------


LANDLORD: Telxon Corporation


LANDLORD'S 3330 West Market Street ADDRESS: Akron, Ohio 44333


TENANT: Aironet Wireless Communications, Inc.


TENANT'S 3875 Embassy parkway, Suite 350 ADDRESS: Akron, Ohio 44333


LEASED 91 Springside Drive PREMISES: Akron, Ohio 44333-2428


PERMITTED USES: General office and light manufacturing


RENTABLE SQUARE FEET 33,000


ANNUAL RENT: $165,000.00 ($13,750.00 per month) or Five Dollars
($5.00) per square foot, net of all operating costs


COMMENCEMENT DATE: April 1, 1998


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LEASE AGREEMENT


THIS LEASE AGREEMENT ("Lease") is entered into effective the 1st day of April 1998 by and between TELXON CORPORATION, a Delaware corporation, ("Landlord") and AIRONET WIRELESS COMMUNICATIONS, INC., a Delaware corporation ("Tenant")


1. LEASED PREMISES. Landlord, in consideration of the rents to be paid and covenants to be performed by Tenant hereunder, hereby leases to Tenant for the term and subject to the covenants and conditions hereinafter set forth, the premises located at 91 Springside Drive Akron, Ohio 44333 and consisting of approximately Thirty-three Thousand (33,000) square feet (herein the "Premises").


2. TERM. The term of this Lease will be commencing on the first (1st) day of April, 1998, and ending on the thirty-first (31st) day of August, 1999. In the event Landlord sells the Premises, Landlord may cancel the Lease by giving Tenant twelve (12) months advance written notice of such cancellation. Upon receipt of such notice, Tenant shall have the right to terminate the Sublease Agreement entered into between Telxon Corporation and Aironet Wireless Communications, Inc. on September 1, 1998, for the premises located at the Waterford Building, 3875 Embassy Parkway, Bath, Ohio, pursuant to Section 3.b. of such Sublease.


3. RENT. Tenant will pay Landlord as rent for the Premises during the term of this Lease, the annual sum of One hundred Sixty-five Thousand Dollars ($165,000.00), in equal monthly installments of Thirteen Thousand Seven Hundred Fifty Dollars ($13,750.00), payable on or before the first day of each month of said Term. As additional rent, Tenant shall pay all operating costs related to the Premises. The above sums collectively referred to as "Rent".


4. OPTION TO RENEW. Upon delivery of written notice by Tenant to Landlord, which delivery shall take place no later than June 1, 1999, Tenant shall have an option to renew the Lease for an eighteen (18) month term at an annual rent of One Hundred Seventy-three Thousand Two Hundred Fifty Dollars ($173,250.00), in equal monthly installments of Fourteen Thousand Four Hundred Thirty-seven and 50/100 Dollars ($14,437.50), payable on or before the first day of each month of said Renewal Term, net of all operating costs, and upon the same terms and conditions as contained herein.


5. USE OF PREMISES. Tenant will use the Premises for offices for carrying on the business of Aironet Wireless Communications, Inc. and any lawful use relevant thereto. Tenant will not commit or suffer any waste in the Premises, use the Premises or permit them to be used for any unlawful purpose or any dangerous, noxious or offensive activity or cause or maintain any nuisance in the Premises. At the end of the term of this Lease, Tenant will deliver up the Premises in as good an order and condition as they now are, or may be put by Landlord or Tenant, reasonable use and ordinary wear and tear thereof and damage by fire or other casualty excepted. Tenant shall not store hazardous, flammable or dangerous materials on the Premises or hazardous waste, as defined by the U.S. EPA or Ohio EPA.


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