LEASE AMENDMENT NO. 2
THIS FIRST AMENDMENT OF LEASE (this "Amendment ") is dated for reference
purposes the 14th day of February, 2000, and is by and between S/I
NORTHCREEK II, LLC, a Washington limited liability company ("Landlord"), and
MICROVISION, INC., a Washington corporation ("Tenant").
RECITALS
A. Landlord and Tenant entered into that certain Lease, dated
October 27, 1999 (the "Lease"), for the lease of certain premises located at
00000 Xxxxx Xxxxx Xxxxxxx, Xxxxxxx, Xxxxxxxxxx. Unless otherwise defined in
this Amendment, capitalized terms used herein shall have the same meaning as
they are given in the Lease.
B. Landlord and Tenant desire to amend the Lease in certain respect,
all as set forth below.
NOW, THEREFORE, the parties agree as follows:
1. CONFIRMATION OF PREMISES AREA. Landlord and Tenant confirm that,
effective as of November 1, 1999, the total area of the improved and occupied
portion of the Premises is 51,534 rentable square feet, which consists of the
initial improved Premises together with a portion of the Premises excluded
pursuant to Section 2.03 of the Lease which has been improved and occupied by
Tenant as of November 1, 1999.
2. BASE RENT. Commencing on November 1, 1999, the Base Rent payable
for the entire Premises shall be as follows:
Month 8 - Month 12: $86,844.29 per month
Month 13-42: $90,597.50 per month
Month 43-84: $98,964.50 per month
3. PAYMENT BY TENANT FOR TENANT IMPROVEMENTS IN EXCESS OF TENANT
IMPROVEMENT ALLOWANCE. Simultaneously with execution of this Amendment,
Tenant shall pay Landlord the sum of $28,495.00 as a reconciliation of sums
payable by Tenant in excess of the Tenant Improvement Allowance for and with
respect to the portion of the Premises which has been improved as of
November 1, 1999.
4. RATIFICATION. Except as expressly set forth herein, the terms and
conditions of the Lease shall remain in full force and effect and are hereby
ratified.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first written above.
LANDLORD:
S/I NORTH CREEK II, LLC
By: /s/ Xxx Xxxxxxx
-----------------------------------
Its: Managing Member
-----------------------------------
TENANT:
MICROVISION, INC.
By: /s/ Xxxxxxx Xxxxxx
-----------------------------------
Its: Vice President and CFO
-----------------------------------
2
STATE OF WASHINGTON )
) ss.
COUNTY OF KING )
I certify that I know or have satisfactory evidence that the persons
appearing before me and making this acknowledgment are the persons whose true
signatures appear on this document.
On this 14th day of February, 2000, before me personally appeared XXX
XXXXXXX, to me known to be the Managing Member of S/I NORTHCREEK II, LLC, the
company that executed the within and foregoing instrument, and acknowledged
the said instrument to be the free and voluntary act and deed of said
company, for the uses and purposes therein mentioned, and on oath stated that
they were authorized to execute said instrument.
WITNESS my hand and official seal hereto affixed the day and year first
above written.
/s/ Xxxxxx Xxxxxxx
--------------------------------------------------
Notary Public in and for the State of Washington,
residing at Bellevue
[SEAL] My commission expires: 8/11/01
Xxxxxx Xxxxxxx
--------------------------------------------------
[Type or Print Notary Name]
(Use This Space for Notarial
Seal Stamp)
STATE OF )
) ss.
COUNTY OF KING )
I certify that I have satisfactory evidence that the person appearing
before me and making this acknowledgment the person is whose true signatures
appear on this document.
On this 25th day of January, 2000, before me personally appeared Xxxxxxx
X. Xxxxxx, to me known to be the CFO and Vice President of MICROVISION, INC.,
the corporation that executed the within and foregoing instrument, and
acknowledged the said instrument to be the free and voluntary act and deed of
said corporation, for the uses and purposes therein mentioned, and on oath
stated that they were authorized to execute said instrument.
WITNESS my hand and official seal hereto affixed the day and year first
above written.
/s/ XXXXX XXXXXX
--------------------------------------------------
Notary Public in and for the State of Washington,
residing at 0000 000xx Xx. XX, Xxxxxxx, XX 00000
[SEAL] My commission expires: 11-04-01
Xxxxx Xxxxxx
--------------------------------------------------
[Type or Print Notary Name]
(Use This Space for Notarial
Seal Stamp)
