Exhibit 10.5
FIRST AMENDMENT TO LEASE
This First Amendment to Lease dated June 6, 1995, for reference purposes
only, by and between CalProp, L.P., a California Limited Partnership
("Landlord") and SBE, Inc., a California Corporation ("Tenant") is made in view
of the following facts and circumstances:
A. PacTel Properties - California, a California Corporation, and SBE, Inc., a
California Corporation, entered into a Lease dated November 2, 1992 for
sixty three thousand three hundred seventy three (63,373) rentable square
feet ("Premises") located on the ground floor, 0000 Xxxxxx Xxxxxx Xxxx, Xxx
Xxxxx, Xxxxxxxxxx (the "Lease").
B. PacTel Properties - California, a California Corporation, has assigned the
Lease to CalProp, L.P., a California Limited Partnership, hereinafter
referred to as "Landlord".
The parties hereto desire to modify the terms of the Lease as stated below:
1. The Term of this Lease is hereby extended so that the Expiration Date shall
be April 3, 2006.
2. Base Monthly Rent is hereby amended as follows:
July 1, 1995 - December 31, 1995 Rent is abated
January 1, 1996 - March 31, 1996 $0.70 psf of Net Rentable Area
April 1, 1996 - March 31, 2000 $0.75 psf of Net Rentable Area
April 1, 2000 - March 31, 2006 $0.84 psf of Net Rentable Area
Except as modified by this First Amendment to Lease, all of the terms and
conditions of the Lease shall be applicable to the Premises and shall also
remain in full force and effect. In the event of any conflict between the terms
of this First Amendment and the terms of the Lease, the terms of this First
Amendment shall control.
LANDLORD TENANT
CALPROP, L.P., SBE, INC.,
a California Limited Partnership a California Corporation
By: LAMCO CalFront Management, Inc.,
as authorized agent
By: /s/ Xxxxx X. Xxxxxxx By: /s/ Xxxxxxx X. Xxxx
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Its: President Its: Chief Financial Officer, V.P.
--------- Finance
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Date: July 26, 1995 Date: July 20, 1995
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