SECOND LEASE ADDENDUM
Exhibit 10.08.2
SECOND LEASE ADDENDUM
THIS SECOND LEASE
ADDENDUM IS MADE AND ENTERED INTO THIS 10th DAY OF JUNE, 2008, BY AND
BETWEEN ALEXANDER PROPERTIES COMPANY, A CALIFORNIA PARTNERSHIP (HEREINAFTER REFERRED TO AS
“LANDLORD”) AND MIRION TECHNOLOGIES (HEREINAFTER REFERRED TO AS “TENANT”).
IT IS AGREED
BETWEEN LANDLORD AND TENANT TO MODIFY THE LEASE DATED DECEMBER 28, 2005, AND
FIRST LEASE ADDENDUM DATED AUGUST 29, 2007, (HEREINAFTER COLLECTIVELY REFERRED TO AS “LEASE”) IN THE FOLLOWING
MANNER:
Section 1. PREMISES
Subsection 1.1 Description.
The size of the Premises is hereby increased by 5,277
rentable square feet, located on the second floor of 0000 Xxxxxxxxx Xxxxxxx, Xxxxx 000
(hereinafter referred to as “Expansion Space A”) for a new total of 10,285 rentable square feet as
shown on the attached Exhibit A, effective upon the occupancy of Expansion Space A as evidenced by
the execution of Exhibit G attached (hereinafter referred to as the “Effective Date”), but not
later than July 1, 2008.
Subsection 1.2 Work of Improvement. Landlord, using Landlord’s building standard
materials, agrees to provide the improvements as shown on the attached plan (Exhibit C). Any
changes to the plan which affect the cost of the work shall be paid by Tenant. Tenant shall,
within thirty (30) days from receipt of Landlord’s invoice for any such excess cost, promptly pay
any excess in progress payments which shall be due and payable fifty percent (50%) of the total
excess prior to construction, and fifty percent (50%) prior to the Effective Date.
Section 2. TERM
Subsection 2.1 Term. The expiration date of the term of this Lease is hereby extended
from October 31, 2011 to April 12, 2012.
Section 3. RENT
Subsection 3.1 Rent. The Base Rent shall hereby increase from TEN THOUSAND
EIGHT HUNDRED FIFTY AND 67/100 DOLLARS ($10,850.67) per month to EIGHTEEN THOUSAND SEVEN HUNDRED
SIXTY-SIX AND 17/100 DOLLARS ($18,766.17) per month effective on the Effective Date. (Base Rent
for the Expansion Space A is $18.00 per rentable square foot per annum).
Please Initial
Tenant ( )
Landlord ( )
Landlord ( )
1
Subsection 3.2 Adjustments to Base Rent. The Base Rent shall be further adjusted
as
follows:
(a) Base Rent shall be adjusted to NINETEEN THOUSAND ONE
HUNDRED EIGHTY-THREE AND 50/100 DOLLARS ($19,183.50) per month effective November 1, 2008. (Base
Rent for the Existing Premises increases to $27.00 per rentable square foot per annum).
(b) Base Rent shall be increased to TWENTY-TWO THOUSAND
SEVEN HUNDRED ONE AND 50/100 DOLLARS ($22,701.50) per month effective July 1, 2009. (Base Rent for Expansion Space A is increased to $26.00 per rentable square foot per annum).
(c) Base Rent shall be increased to TWENTY-THREE THOUSAND ONE HUNDRED EIGHTEEN AND 83/100 DOLLARS ($23,118.83)
per month effective November 1, 2009. (Base
Rent for the Existing Premises is increased to $28.00 per rentable square foot per annum).
(d) Base Rent shall be increased to TWENTY-THREE THOUSAND
NINE HUNDRED NINETY-EIGHT AND 33/100 DOLLARS ($23,998.33) per month effective July 1, 2010. (Base
Rent for Expansion Space A is increased to $28.00 per rentable square foot per annum).
(e) Base Rent shall be increased to TWENTY-FOUR THOUSAND
FOUR HUNDRED FIFTEEN AND 67/100 DOLLARS ($24,415.67) per month effective November 1, 2010. (Base
Rent for the Existing Premises is increased to $29.00 per rentable square foot per annum).
(f) Base Rent shall be increased to TWENTY-FOUR THOUSAND
EIGHT HUNDRED FIFTY-FIVE AND 42/100 DOLLARS ($24,855.42) per month effective July 1, 2011. (Base
Rent for Expansion Space A is increased to $29.00 per rentable square foot per annum).
Section 4. SECURITY DEPOSIT
Concurrently with Tenant’s execution of this Second Lease Addendum, Tenant shall deposit with
Landlord the sum of TWELVE THOUSAND SEVEN HUNDRED FIFTY-TWO AND 75/100 DOLLARS ($12,752.75)
representing an increase in the Security Deposit from TWELVE THOUSAND ONE HUNDRED TWO AND 67/100
DOLLARS ($12,102.67) to TWENTY-FOUR THOUSAND EIGHT HUNDRED FIFTY-FIVE AND 42/100 DOLLARS
($24,855.42).
Please Initial
Tenant ( )
Landlord ( )
Landlord ( )
2
Section 5. TAX AND OPERATING COST INCREASES
Subsection 5.2 Tenant’s Share. On the Effective Date Tenant’s Share of Operating
Costs
shall be increased from .79% to 1.63% (the Tenant’s Share for Expansion Space A being .84%), and
the Expense Stop for Expansion Space A shall be $10.85 per rentable square foot per annum.
Section 25. MISCELLANEOUS
Subsection 25.19 Right to Contract. Landlord hereby grants Tenant a one (1) time Right
to Contract the size of the Premises by giving back Expansion Space A, consisting of 5,277 rentable
square feet (the “Give-Back Space”), effective December 31, 2009. In order to exercise said Right
to Contract, Tenant shall provide Landlord with at least four (4) months prior written notice
indicating Tenant’s exercise of said Right to Contract and pay to Landlord at the time of
notification the sum of FIFTY-TWO THOUSAND AND 00/100 DOLLARS ($52,000.00). In the event Tenant
does provide Landlord with at least four (4) months prior written notice of its intent to exercise
said Right to Contract and pays to Landlord at such time the sum of FIFTY-TWO THOUSAND AND 00/100
DOLLARS ($52,000.00), then effective as of January 1, 2010, (i) the terms and conditions of the
Lease between Landlord and Tenant shall revert to those terms and conditions in effect under the
First Lease Addendum, including but not limited to reversion of the following terms to the
definitions as under the First Lease Addendum: Premises, Term, Base Rent, Security Deposit and
Tenant’s Share of Operating Costs, and (ii) Landlord shall return to Tenant the prior increased
Security Deposit in the amount of TWELVE THOUSAND SEVEN HUNDRED FIFTY-TWO AND 75/100 DOLLARS
($12,752.75) that Tenant had deposited with Landlord in connection with the Second Lease Addendum
less any amounts to be held by Landlord in accordance with the terms of Section 4 Security
Deposit of the Lease.
Please Initial
Tenant ( )
Landlord ( )
Landlord ( )
3
With the exception of the modifications set out above, all other terms, covenants and
agreements of the Lease shall remain in full force and effect.
Landlord: | Tenant: | |||||||||
Alexander Properties Company, a California partnership |
Mirion Technologies | |||||||||
By:
|
/s/ Illegible | By: | /s/ Illegible | |||||||
Title: CFO | Title: CEO | |||||||||
By:
|
/s/ Illegible | |||||||||
Title: CONTROLLER | ||||||||||
Date:
|
6/10/08 | Date: | ||||||||
Regarding: | ||||||||||
Existing Premises: | ||||||||||
Xxxxxx Ranch 8, Building Q | ||||||||||
0000 Xxxxxxxxx Xxxxxxx, Xxxxx 000 | ||||||||||
Xxx Xxxxx, XX 00000 | ||||||||||
Expansion Space A: | ||||||||||
Xxxxxx Ranch 8, Building Q | ||||||||||
0000 Xxxxxxxxx Xxxxxxx, Xxxxx 000 | ||||||||||
Xxx Xxxxx, XX 00000 |
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EXHIBIT A
FLOOR PLAN
10,285 RSF Xxxxxx Ranch 8, Building Q 0000 Xxxxxxxxx Xxxxxxx, Xxxxxx 000/000 Xxx Xxxxx, XX 00000 |
Please Initial Tenant ( ) Landlord ( ) |
1
EXHIBIT G
COMMENCEMENT OF SECOND LEASE ADDENDUM
It is hereby agreed to that as of
, 2008, Expansion Space A located at 0000
Xxxxxxxxx Xxxxxxx, Xxxxx 000, described in the Second Lease Addendum dated , by and
between ALEXANDER PROPERTIES COMPANY as Landlord and MIRION TECHNOLOGIES as Tenant, were occupied by Tenant and that said Second Lease Addendum is in full force and
effect.
ACKNOWLEDGED AND ACCEPTED:
Landlord: | Tenant: | |||||||||
By:
|
By: | |||||||||
Date:
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Date: | |||||||||