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EXHIBIT 10.20
FIFTH AMENDMENT TO LEASE
This fifth amendment to lease ("Fifth Amendment") is made this 26th day of
January, 1998 by and between Sobrato Interests, a California limited partnership
having an address at 00000 Xxxxx Xx Xxxx Xxxxxxxxx., Xxxxx 000, Xxxxxxxxx,
Xxxxxxxxxx 00000 ("Landlord") and 8x8, Inc., a Delaware corporation ("Tenant").
WITNESSETH
WHEREAS Landlord and Tenant (under the name Integrated Information Technology)
entered into a lease dated July 3, 1990, a lease amendment dated March31, 1991,
a second amendment dated March22, 1994, a third amendment dated December 18,
1995, and a fourth amendment to Lease dated March 18, 1997 (collectively the
"Lease") for the premises located at 0000 Xxxxxxx Xxxxxxx Xxxxxxxxx, Xxxxxxxxxx
("Premises"); and
WHEREAS effective February 1, 1998 (the "Effective Date"), Landlord and Tenant
wish to modify the Lease to eliminate the second floor from the space comprising
the Premises;
NOW, THEREFORE, in order to effect the intent of the parties as set forth above
and for good and valuable consideration exchanged between the parties, the Lease
is amended effective February 1, 1998 as follows:
1. The Premises shall consist of the first floor of the Building excluding those
areas cross-hatched on Exhibit "A" attached hereto. The resulting square footage
is 45,623 square feet, determined pursuant to the Square Footage Analysis
included in Exhibit "A".
2. Beginning on the Effective Date, and continuing through expiration date of
the Lease, the monthly rent shall be equal to the sum of Seventy Nine Thousand
Eight Hundred Forty and 25/100 Dollars ($79,840.25) ($1.75 psf X 45,623 sf).
3. The Building has a separate HVAC, electrical, plumbing and metering systems
serving each floor. Consequently, no proration of these cost between the two
occupants of the Building will be required.
4. All defined terms shall have the same meanings as in the Lease, except as
otherwise stated in this Fifth Amendment.
5. Except as hereby amended, the Lease and all the terms, covenants and
conditions thereof shall remain unmodified and in full force and effect. In the
event of any conflict or inconsistency between the terms and
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provisions of this Fifth Amendment and the terms and provisions of the Lease,
the terms and provisions of this Fifth Amendment shall prevail.
IN WITNESS WHEREOF, the parties hereto have set their hands to this Fourth
Amendment as of the day and date first above written.
Landlord Tenant
Sobrato Interests, 8x8, Inc.,
a California limited partnership a Delaware corporation
By: /s/ X. X. XXXXXXX By: /s/ Xxxxxx Xxxxxx
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Its: General Partner Its: Vice President Finance
