FIRST AMENDMENT TO LEASE
THIS FIRST AMENDMENT TO LEASE, dated as of May 22, 2007 (this “Amendment”), between
CABOT INDUSTRIAL PROPERTIES, L.P. , a Delaware limited partnership (“Landlord”) and QUANEX
CORPORATION , a Delaware corporation (“Tenant”), for certain premises located in the building located at
2270 Woodale Drive, Mounds View, Minnesota (the “Building”).
A. Landlord and Tenant entered into that certain Multi-Tenant Industrial Net Lease dated for reference as of
August 28, 2002 (the “Lease”) for approximately 124,269 rentable square feet in the Building (the “Premises”).
B. Tenant and Landlord wish to extend the Term of the Lease, now scheduled to expire on February 29,
C. All terms, covenants and conditions contained in this Amendment shall have the same meaning as in the
Lease, and, shall govern should a conflict exist with previous terms and conditions.
NOW, THEREFORE, in consideration of the foregoing recitals and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree as
1. Term . The term of the Lease is hereby extended for a period of three (3) years commencing March 1,
2008 and ending February 28, 2011 (“Extension Period”).
2. Rent . From and after March 1, 2008 through the remainder of the Lease Term as hereby extended, Rent
shall be payable in the following amounts, all of which are net of Tenant electricity:
3. Additional Rent . Tenant shall continue to pay in equal monthly installments its proportionate share of Taxes
and Expenses. Effective with the commencement of the Extension Period, Section 4.2 of the Lease is modified to
replace “cumulative annual compound rate of five percent (5%)” with “non-cumulative annual rate of six percent
(6%) over the immediate preceding Lease Year’s Controllable Expenses.” in the first sentence thereof and the
second sentence thereof is hereby deleted. Tenant’s proportionate share of the 2007