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Exhibit 10.14
FIRST AMENDMENT TO LEASE
This First Amendment to Lease ("Amendment"), is made and entered into this 17
day of June, 1999 by and between Mission West Properties, X.X. XX (formerly
known as Xxxx & Xxxx Developers), a Delaware limited partnership ("Lessor") and
Celeritek, Inc., a California Corporation ("Lessee").
RECITALS
A. Lessee currently leases from Lessor 54,672 square feet of space located at
0000 Xxxxx Xxxxxxxxx, Xxxxx Xxxxx, Xxxxxxxxxx (the "Premises") pursuant to
that certain lease dated April 1, 1993 (the "Lease").
B. The term of the Lease expires September 30, 2000.
C. Lessee has elected and Lessor has agreed to extend the subject to the
terms and conditions set forth herein:
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are acknowledged, the parties hereto agree to amend the
Lease as follows:
1. TERM: The term of the Lease is hereby extended for five years until
September 30, 2005.
2. BASIC RENT: The basic rent shall be adjusted to and payable as
follows:
Basic Rent CAC* Total
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October 1, 2000 through September 30, 2001 $ 76,541 $7,175* $ 83,716
October 1, 2001 through September 30, 2002 $ 82,008 $7,175* $ 89,183
October 1, 2002 through September 30, 2003 $ 97,590 $7,175* $104,765
October 1, 2003 through September 30, 2004 $101,493 $7,175* $108,668
October 1, 2004 through September 30, 2005 $105,553 $7,175* $112,728
* Subject to annual adjustment.
3. BROKERAGE COMMISSION: Each party represents and warrants to the
other party that it has not utilized or contacted a real estate
broker or finder with respect to this Amendment and each party
agrees to indemnify and hold each other harmless against any claim,
cost, liability or cause of action asserted by any broker or finder
claiming through either party. Lessor and Lessee agree that Lessor
shall not be obligated to pay any broker leasing commissions,
consulting fees, finders fees or any other fees or commissions
arising out of the negotiation and execution of this Amendment or
relating to any extended term of the Lease or to any expansion or
relocation of the Premises.
4. LESSEE CERTIFICATION: As a condition of Lessor's agreeing to this
Amendment, Lessee hereby certifies and confirms that as of the date
of this Amendment, Lessee is not in violation of any government
regulations, ordinances, rules or laws, including those pertaining
to Hazardous Waste and/or Hazardous Materials.
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5. COMMON AREA CHARGES ("CAC"): Lessee shall pay to Lessor estimated
taxes, insurance and gardening during the extended term (the current
monthly estimated common area charge is $7,175).
6. RATIFICATION OF LEASE: Except as modified herein, the Lease is hereby
ratified, approved and confirmed upon all the terms, covenants, and
conditions.
7. AUTHORITY: Each party executing this Amendment represents and warrants
that he or she is duly authorized to execute and deliver this
Amendment. If executed on behalf of a corporation, that this Amendment
is executed in accordance with the bylaws of said corporation (or a
partnership that this Amendment is executed in accordance with the
partnership agreement of such partnership), that no other party's
approval or consent to such execution and delivery is required, and
that this Amendment is binding upon said individual, corporation (or
partnership) as the case may be in accordance with its terms.
MISSION WEST PROPERTIES, L.P., II Celeritek, Inc.
a Delaware limited partnership a California corporation
By: Mission West Properties, Inc.
A Maryland corporation
By: /s/ XXXX X. XXXX By: /s/ XXXXXXX XXXXXXXX
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Xxxx X. Xxxx
Title: President Title: VP & CFO
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Date: 6/18/99 Date: 6/17/99
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