Exhibit 10.15.1
FOURTH ADDENDUM
10,000 SF PORTION
In reference to the contract (Standard Industrial/Commercial Multi-Tenant Lease
- Modified Net) dated April 24, 1997 covering the premises commonly known as
0000 Xxxxxxxx Xxxxx, Xxxxxxxxx XX 00000 between FORMFACTOR, INC. (a Delaware
corporation) as Xxxxxx and XXXX X. XXXXXX as Lessor.
FIRST OPTION TO EXTEND LEASE TERM
Per the terms in Paragraph 52 of the subject Lease, Lessee is exercising their
first Option to Extend the term for twelve (12) months commencing February 1,
2003 (10,000 SF portion).
The new rental rate is as follows: Month 1 through 12 $5,986.00/Month NNN
OPTION TO EXTEND
Lessor hereby grants to lessee one (1) additional "option to Extend" the lease
term. The "Option to Extend the lease term shall be for a one (1) year lease
term on the same terms and conditions as set forth in the Lease, but at an
increased rent set forth in the following paragraph. The Option to Extend shall
be exercised only by written notice delivered to Lessor at least ninety (90)
days prior to the expiration of the lease term. If Xxxxxx fails to deliver
Lessor written notice to exercise the Option to Extend the lease term within the
prescribed time period, said Option shall lapse, and there shall be no further
right to extend the lease term. The Option shall be exercised by Lessee on the
expressed conditions that (a) at the time of the exercise, and at all times
prior to the commencement of such Extension, Lessee shall not be in default
under any of the provisions of the Lease and (b) Lessee has not been ten (10) or
more days late in the payment of rent more than a total of three (3) times
during the Lease term.
OPTION TO EXTEND-BASE RENT
Months 01-12 Rent per month shall be changed*at C.P.I.. adjustment
*C.P.I. ADJUSTMENT
The rent described in the above paragraph shall be adjusted upon the exercised
"Option to Extend" lease. On the "adjustment date," the rent shall be adjusted
in the same percentage Proportion that the Consumer Price Index, for All Urban
Consumers "All Items" for the San Francisco-Oakland area compiled by the U.S.
Department of Labor, Bureau of Labor Statistics ("the index"), has changed as
compared to the last published Consumer Price Index prior to the previous
"adjustment date." In no event, however, shall the rent be less than that
described above. If the Index is discontinued or revised, such other government
index or computation with which it is replaced shall be used in order to obtain
substantially the same result as would be obtained if the Index had not been
discontinued or revised.
SECURITY DEPOSIT:
Lessor is now holding $6,015.00 as a security deposit per Paragraph 1.7 and
Paragraph 5 per the terms of the April 24, 1997 Lease.
READ AND AGREED:
LESSOR: XXXX X. XXXXXX XXXXXX: FORMFACTOR, INC.
BY: /s/ Xxxx X. Xxxxxx BY: /s/ Xxxx Xxxxxxxxx
----------------------------- ---------------------------------
Xxxx X. Xxxxxx
Owner Name Printed Xxxx Xxxxxxxxx
------------------------
TITLE CFO
-------------------------------
Executed on 10-1-02 Executed on 10/4/02
-------------------- -------------------------
