EXHIBIT 10.17
LEASE AMENDMENT #7
ORIGINAL LEASE DATE: March 27, 1995
LEASE AMENDMENT DATE: September 8, 1998
LANDLORD: XXXXXXX PROPERTIES, L.P.
a California limited partnership,
Successor in interest to 999 BW Corporation,
a Delaware corporation
TENANT: ACTUATE SOFTWARE CORPORATION
a California Corporation
Landlord and Tenant, by executing this Lease Amendment #7 as provided do hereby
further amend the Original Lease referred to above, as previously amended in
Lease Amendments #1 through #6, (the "Lease") as follows:
1. Premises
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The Premises of the Lease as defined per the Original Lease Agreement and
as previously amended, shall be amended such that effective December 1,
1998, approximately 5,491 square feet of rentable space on the second floor
of 000 Xxxxx Xxx, known as suite #200, shall be added to the Original Lease
Agreement. Total square footage shall increase from 14,939 to 20,430
rentable square feet.
2. Rental
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Rent for the Premises shall be as follows:
12/01/98-05/31/00 $58,225.50 per month. In addition to the new base
monthly rental above, Tenant shall be responsible for
its proportionate share of increases in operating
expenses over the base year per Paragraph 3 of this
Lease Agreement.
06/01/00-05/31/02 $60,268.50 per month. In addition to the new base
monthly rental above, Tenant shall be responsible for
its proportionate share of increases in operating
expenses over the base year per Paragraph 3 of this
Lease Agreement.
3. Proportionate Share
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Effective December 1, 1998, Tenant's proportionate share shall increase
from 23.76% to 32.50%.
4. Tenant Improvements
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Tenant shall accept the Premises in "as-is" condition.
All other terms and conditions of the Lease shall apply to this Lease Amendment
#7. Agreed to this 28 day of September, 1998.
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LANDLORD:
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XXXXXXX PROPERTIES, L.P.
a California limited partnership
By: Xxxxxxx Properties, Inc.
a Maryland corporation,
its general partner
By: /s/ Xxxxx X. Xxxxxxx
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Xxxxx X. Xxxxxxx
Its: Senior Vice President
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Date: 9/28/98
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TENANT:
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ACTUATE SOFTWARE CORPORATION
a California Corporation
By: /s/ X X Xxxxxxxx
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Xxx Xxxxxxxx
Its: Vice President of Finance and Administration, Chief Financial Officer
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Date: 9/16/98
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