Exhibit 10.11
SECOND AMENDMENT TO LEASE
The SECOND AMENDMENT TO LEASE ("Agreement") is made and entered into as of
June 19, 2000 by and between Optical Networks, Incorporated ("ONI") ("Tenant")
and Cilker Revocable Trust of October 9, 1990 ("Landlord").
RECITALS
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A. The Landlord and JT Storage, Inc. ("JTS"), as tenant, executed a lease
dated June 15, 1995 ("Lease"), pursuant to which Landlord leased to JTS,
and JTS leased from Landlord certain properties identified in Paragraph
2 of the Lease and other provisions cross-referenced in such Paragraph 2
("Premises").
B. By means of a certain ASSIGNMENT OF LEASE ("Lease Assignment"), JTS
assigned to Tenant (ONI) the portion of the premises identified in the
Lease Assignment Exhibit "B" without any cross or diagonal hatching
("Original First Level Space").
C. By means of a certain AMENDMENT TO LEASE ("First Amendment"), the Lease
Assignment was amended to include that portion of the first level of the
Premises not previously occupied by Tenant as well as the second level,
for a total occupied area of 53,012 square feet.
D. By means of a certain RENEWAL EXERCISE NOTICE dated February 25, 2000,
the Tenant exercised its option to extend the lease for an additional
term.
E. The Landlord and Tenant desire to renew said lease, under the modified
terms described below.
MODIFIED TERMS
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A. Term. The Lease Renewal will commence August 17, 2000 and terminated
December 31, 2001.
B. Rent. The Rent will be set at $1.85 per square foot NNN plus the
Additional Rent.
C. Premises area. The area occupied by ONI shall be 53,012 square feet
which is the area measured to the outside of the outer walls as per BOMA
standards and adopted by the AIA.
D. New Lease. The Landlord and Tenant will negotiate a new lease commencing
January 1, 2002, with all the terms and conditions to remain the same,
except the rent will be 95% of Fair Market Rent.
LANDLORD: TENANT:
Clinker Revocable Trust of October 9, 1990 Optical Networks, Incorporated
By: /s/ Xxxxxxx X. Xxxxxx By: /s/ Xxxxx Xxxxx
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Printed: Xxxxxxx X. Xxxxxx Printed: Xxxxx Xxxxx
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Its: Trustee Its: CFO
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Date: July 10, 2000 Date: July 6, 2000
