Lease Extension
Exhibit
10.8
This
lease extension is made this 5th day of
November, 2007, between Vasona Business Park (herein referred to as Lessor) and
Procera Networks (hereinafter referred to as Lessee).
Whereas, Lessor and Lessee
entered into a Lease for approximately 11,772 square feet of space in that
larger 33,020 square foot industrial building commonly known as 000X Xxxxxx Xx.,
Xxx Xxxxx, Xxxxxxxxxx 00000. (the Lease) and
Whereas,
Lessee wishes to extend its lease for three more years and Lessor agrees to
extend the lease.
Now therefore, Lessor and
Lessee agree to extend the Lease on the following conditions:
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1.
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Xxxxxxxxx
0, Xxxx, xxxxx xx changed to reflect the three year extension. The lease
termination date shall be changed from June 30, 2008, to June 30, 2011
unless sooner terminated pursuant to any provisions
hereof.
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2.
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Paragraph
3, Rent, shall be
changed to reflect the rent for the three year extension. After the words
June 30, 2008, in the thirteenth line, the following sentences shall be
added. $18,247.00 shall be paid on July 1, 2008, and in advance of the
first day of the each month until June 30, 2009. $18,835.00 shall be paid
on July 1, 2009, and in advance of the first day of each month until June
30, 2010. $19,424.00 shall be paid on July 1, 2010, and in advance of the
first day of each month until June 30,
2011.
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3.
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Within
ninety (90) days from and after mutual execution hereof, Lessor, at
Lessor's expense agrees to complete the following improvements (further
described and listed on Exhibit "A"
attached):
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A.
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Replace
and/or install electrical outlets within the areas as shown on Exhibit "A"
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B.
Relocate the ceiling light fixture toward the middle of the lobby
area.
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C.
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Replace
damaged ceiling tiles throughout as necessary and repair T-bar grid in
ceiling and replace ceiling tiles in rear conference room to make ceiling
uniform.
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D.
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1.
Review and assess the vent and lighting in Xxx Xxxxxxx'x (CEO)
office.
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2.
Inspect electrical service systems/capacity and repair or replace dead circuits
in the lunch room and CFO office, and elsewhere throughout the facility as
necessary.
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E.
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Provide
a key or combination to the door going into the IT
room.
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4.
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Lessee
shall have the Option to Extend this Lease for three additional years
(from July 1, 2011 through June 30, 2014) on the same terms and conditions
as Paragraph 4, of the Lease.
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All other
terms and conditions are to remain the same.
AGREED
AND ACCEPTED
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By:
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/s/
Xxxxxxx Xxxxxx
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/s/
Xxxxxx X. Xxxxxxxx
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Date:
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11-20-07
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Date:
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11/16/07 |
