EXHIBIT 10.14
FIRST AMENDMENT TO AGREEMENT RE EFFECTIVENESS AND
CANCELLATION OF AGREEMENT FOR OPTION
This FIRST AMENDMENT TO AGREEMENT RE EFFECTIVENESS AND CANCELLATION
OF AGREEMENT FOR OPTION (the "FIRST AMENDMENT TO EFFECTIVENESS AGREEMENT") is
made and entered into as of this 15th day of March 2000, by and between 3333
Hillview Associates, LLC, a Delaware limited liability company
("ASSOCIATES"), Xxxxxxx-Xxxxxxx Company, a California corporation ("WJ"),
with reference to the following facts and circumstances:
RECITALS
A. Associates requested that WJ execute and deliver that certain
AGREEMENT FOR OPTION TO AMEND SUBLEASE, AMENDMENT OF SUBLEASE
AND JOINT ESCROW INSTRUCTIONS, dated as of March 6, 2000 (the
"OPTION AGREEMENT") and that certain Long Term Amendment to
Lease (as defined in the Option Agreement);
B. Associates and WJ entered into that certain Agreement Re
Effectiveness And Cancellation Of Agreement For Option, dated
as of March 8, 2000 ("ORIGINAL EFFECTIVENESS AGREEMENT"),
pursuant to which the Associates and WJ agreed that the Option
Agreement and the Long Term Amendment to Lease would cease to
be effective unless WJ notified Associates in writing (the
"EFFECTIVENESS NOTICE") that it had entered into a binding
lease for a building or buildings in which WJ may conduct its
business on or before March 15, 2000.
C. Associates and WJ desire to extend the date on or before which
WJ shall deliver to Associates the Effectiveness Notice under
the Effectiveness Agreement from March 15, 2000 to March 22,
2000.
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, WJ, Associates and Morrco hereby
agree as follows:
1. Unless otherwise defined herein, capitalized terms used herein
shall have the meanings ascribed to such terms in the Original Effectiveness
Agreement.
2. The Original Effectiveness Agreement is hereby amended by
deleting the date "March 15, 2000" wherever it appears in the Original
Effectiveness Agreement and substituting therefor the date "March 22, 2000."
3. Except as modified by this First Amendment to Effectiveness
Agreement, the Original Effectiveness Agreement shall remain in full force
and effect, without modification or impairment.
4. This Agreement may be executed in counterparts, each of which
when taken together shall constitute but one agreement.
IN WITNESS WHEREOF, the parties hereto have entered into this
Agreement as of the date first above written.
3333 HILLVIEW ASSOCIATES, LLC, a
Delaware limited liability company
By: XX Xxxx Alto Group, L.L.C.,
a Delaware limited liability company,
Manager
By:
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Its: MANAGER
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XXXXXXX-XXXXXXX COMPANY,
a California corporation
By:
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Its:
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