Exhibit 10.6.3
THIRD AMENDMENT
THIS
THIRD AMENDMENT TO LEASE (the “Third Amendment”) is made and entered into as of May 7,
2004, by and between CA-METRO PLAZA LIMITED PARTNERSHIP, a Delaware limited partnership
(“Landlord”) and LOGICVISION, INC., a Delaware corporation (“Tenant”).
RECITALS
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Landlord (as
successor in interest to Xxxxxxx Properties, L.P., a California limited
partnership) and Tenant (as successor in interest to Logic Vision, Inc.,
a California corporation) are parties to that certain office lease dated
August 13, 1998, which lease has been previously amended by the following
instruments: Extension Agreement dated January 17, 2000 and Second Amendment
dated as of January 23, 2004 (the “Second Amendment”) (collectively,
the “Lease”). Pursuant to the Lease, Landlord has leased to Tenant
space currently containing approximately 17,539 rentable square feet (the
“Premises”) described as Suite No. 300 on the third floor of the
building commonly known as Metro Plaza located at 00 Xxxxx Xxxxx, Xxx Xxxx,
Xxxxxxxxxx (the “Building”). |
B. |
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Exhibit
B, Item 8 of the Second Amendment provides Tenant with the option to increase
the Maximum Amount up to a maximum sum of $210,468.00 (the “Increased Maximum
Amount”), which shall increase the Base Rent as specified in Exhibit B, Item 8.
Tenant and Landlord acknowledge and agree that Tenant has delivered a notice
dated March 31, 2004 to Landlord of Tenant’s election to increase the Maximum
Amount to the Increased Maximum Amount and desire to amend the Lease to
provide for such increase. |
NOW,
THEREFORE, in consideration of the above recitals which by this reference are
incorporated herein, the mutual covenants and conditions contained herein and other
valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
Landlord and Tenant agree as follows:
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Base Rent.
Retroactively, as of April 1, 2004, the schedule of Base Rent payable with
respect to the Premises during the remainder of the current Term and the
Extended Term is the following: |
(a) Months of Term or Period |
Annual Rate Per Square Foot |
Monthly Base Rent |
4/1/2004 - 3/31/2005 |
$15.534 |
$22,704.24 |
4/1/2005 - 3/31/2006 |
$15.964 |
$23,332.72 |
4/1/2006 - 3/31/2007 |
$16.404 |
$23,975.81 |
4/1/2007 - 3/31/2008 |
$16.864 |
$24,648.14 |
4/1/2008 - 3/31/2009 |
$17.334 |
$25,335.09 |
4/1/2009 - 3/31/2010 |
$17.824 |
$26,051.26 |
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All
such Base Rent shall be payable by Tenant in accordance with the terms of the Lease. |
2. |
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Other Pertinent
Provisions. Landlord and Tenant agree that, effective as of the date
of this Third Amendment (unless different effective date(s) is/are specifically
referenced in this Section), the Lease shall be amended in the following
additional respects: |
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Landlord
Notice Address. The Landlord notice address set forth in the Basic Lease
Information section of the Lease and Article IX (A) of the Second Amendment
are hereby deleted and replaced with the following: |
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CA-Metro Plaza Limited Partnership
C/o Equity Xxxxxx
0000 Xxxxxxxxxx Xxxxx, Xxxxx 000
Xxx Xxxx, Xxxxxxxxxx 00000
Attention: Property Manager-Metro Plaza |
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Equity Xxxxxx
Xxx Xxxxxx, Xxxxx Xxxxx, Xxxxx 000
Xxx Xxxxxxxxx, XX 00000
Attention: General Counsel- San Xxxx |
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7.01. |
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This
Third Amendment and the attached exhibits, which are hereby incorporated into and
made a part of this Third Amendment, set forth the entire agreement
between the parties with respect to the matters set forth herein.
There have been no additional oral or written representations or
agreements. Under no circumstances shall Tenant be entitled to any Rent
abatement, improvement allowance, leasehold improvements, or other
work to the Premises, or any similar economic incentives that may
have been provided Tenant in connection with entering into the
Lease, unless specifically set forth in this Third Amendment. Tenant
agrees that neither Tenant nor its agents or any other parties acting
on behalf of Tenant shall disclose any matters set forth in this
Third Amendment or disseminate or distribute any information concerning the
terms, details or conditions hereof to any person, firm or entity
without obtaining the express written consent of Landlord. |
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7.02. |
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Except
as herein modified or amended, the provisions, conditions and terms of
the Lease shall remain unchanged and in full force and effect. |
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7.03. |
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In
the case of any inconsistency between the provisions of the Lease and
this Third Amendment, the provisions of this Third Amendment shall
govern and control. |
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7.04. |
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Submission
of this Third Amendment by Landlord is not an offer to enter into this
Third Amendment but rather is a solicitation for such an offer by
Tenant. Landlord shall not be bound by this Third Amendment until
Landlord has executed and delivered the same to Tenant. |
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7.05. |
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The
capitalized terms used in this Third Amendment shall have the same
definitions as set forth in the Lease to the extent that such
capitalized terms are defined therein and not redefined in this Third
Amendment. |
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7.06. |
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Tenant
hereby represents to Landlord that Tenant has dealt with no broker in
connection with this Third Amendment. Tenant agrees to indemnify and
hold the Landlord Related Parties harmless from all claims of any
brokers claiming to have represented Tenant in connection with this
Third Amendment. Landlord hereby represents to Tenant that Landlord has
dealt with no broker in connection with this Third Amendment.
Landlord agrees to indemnify and hold the Tenant Related
Parties harmless from all claims of any brokers claiming to
have represented Landlord in connection with this Third
Amendment. |
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7.07. |
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Each
signatory of this Third Amendment represents hereby that he or she has
the authority to execute and deliver the same on behalf of the party
hereto for which such signatory is acting. |
[SIGNATURES
ARE ON FOLLOWING PAGE]
IN
WITNESS WHEREOF, Landlord and Tenant have duly executed this Third Amendment as of the
day and year first above written.
WITNESS/ATTEST: |
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LANDLORD: |
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CA-METRO PLAZA LIMITED
PARTNERSHIP, a Delaware limited partnership |
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By: EOM GP, L.L.C., a
Delaware limited liability company, its general partner |
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By: |
Equity Office Management, L.L.C.,
a Delaware limited liability company, its non-member manager |
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By: /S/ XXXX
X. XXXXXXXX |
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Name: Xxxx X. Xxxxxxxx |
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Title: Regional Senior Vice President
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TENANT:
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LOGICVISION,
Inc., |
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a Delaware
corporation |
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By: /S/ XXXXX
X. XXXXX |
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Name: Xxxxx
X. Xxxxx |
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Title: Vice
President |