AMENDMENT TO LEASE DATED FOR REFERENCE PURPOSES APRIL 17, 2007 BY AND BETWEEN THE ESTES FAMILY TRUST, AS LANDLORD AND TAHOE RF SEMICONDUCTOR, INC. AS TENANT, FOR THE PROPERTY LOCATED AT 12834 EARHEART AVNEUE, AUBURN, CA 95602
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Cornish & Xxxxx Commercial
Newmark Xxxxxx Xxxxx
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Exhibit 10.34
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Lease Amendment
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AMENDMENT TO LEASE
DATED FOR REFERENCE PURPOSES APRIL 17, 2007
BY AND BETWEEN
THE XXXXX FAMILY TRUST, AS LANDLORD
AND TAHOE RF SEMICONDUCTOR, INC. AS TENANT,
FOR THE PROPERTY LOCATED AT
00000 XXXXXXXX XXXXXX, XXXXXX, XX 00000
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I.
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PARTIES TO DATE.
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THIS FIRST AMENDMENT TO LEASE (this "Amendment") dated as of November 14,2012 (the "Effective Date"), is entered into by and between THE XXXXX FAMILY TRUST., a California limited partnership ("Landlord"), and TAHOE RF SEMICONDUCTOR, INC., ("Tenant").
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II.
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RECITALS
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1.
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Premises: Landlord and Tenant entered into that certain lease dated April 17, 2007.
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2.
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Landlord and Tenant desire to extend and modify the Lease as set forth in this Amendment, which modifications shall be deemed effective as of the date hereof.
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III.
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MODIFICATIONS
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Landlord and Tenant hereby agree to modify the terms of the Lease upon the terms and conditions hereinafter set forth.
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1.
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Tenant: The Tenant entity shall be Tahoe RF Semiconductor, Inc.
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2.
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Premises:The Premises remain as described in the original lease as approximately 6,100 square feet of space.
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3.
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Commencement Date: The Commencement Date for the Lease Extension shall be December 1,2012.
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4.
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Term: The Lease Term shall be extended through November 30, 2017.
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5.
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Rent Schedule: Notwithstanding any provision of the Lease to the contrary, during the Term Tenant shall pay to Landlord, at such place as Landlord may designate from time to time, without deduction, offset, prior notice or demand, monthly Base Rent for the Expansion Space in lawful money of the United States in the following amounts:
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Year
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Term
Months |
Period
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Monthly
Base rent |
NNN
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Monthly
Total |
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1
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3
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12/1/12-2/28/13
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No Charge
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No Charge
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1
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9
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3/1/13-11/30/13
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$
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4,450.00
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$
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915.00
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$
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5,365.00
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2
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12
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12/1/13-11/30/14
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$
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4,633.00
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$
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915.00
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$
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5,548.00
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3
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12
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12/1/14-11/30/15
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$
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4,861.00
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$
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915.00
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$
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5,776.00
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4
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12
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12/1/15-11/30/16
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$
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4,999.00
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$
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915.00
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$
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5,914.00
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5
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12
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12/1/16-11/30/17
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$
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5,182.00
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$
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915.00
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$
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6,097,00
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7.
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Tenant shall be responsible for 100% of their separately metered PG&E xxxx. Tenant shall pay their prorated portion of internet, water and trash .
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8.
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Tenant Improvements: Tenant Improvements at Landlord's sole cost and expense shall be the following:
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Xxxxx·Tahoe-aaa12834EarhartLS AMD11-14-12KCLkf
0000 Xxxxx Xxxxx Xxxxx, Xxxxx 000, Xxxxxxxxx, XX 00000 M 916.367.7000 F 916.367.6362
xxx.xxxxxxxxx.xxx
Page 1 of 2
Lease Amendment
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A.
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Take existing conference room wall and bring it out into the section where the cubicles are currently standing . Leave enough room for a hallway and circulation purposes. (VR: Include approximate dimension).
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B.
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New carpet shall be installed, color and quality will be mutually agreed upon by Landlord and Tenant. New carpet installed in enlarged conference room - approximate overall dimension .
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C.
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Tenant shall provide equipment for an AV Mounted Projection Unit. Landlord, at Landlord's sole cost and expense shall provide electrical and installation of the AV Mounted Projection Unit. (VR Ceiling mounted electrical outlet and AV cable at ceiling location tenant selects)
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9.
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Broker Disclosure: It is acknowledged by all parties that Tahoe RF Semiconductor, Inc. is represented by Cornish & Xxxxx Commercial Newmark Xxxxxx Xxxxx on this transaction. A commission rate of two percent (2%) of the total base rental shall be paid to Cornish & Xxxxx Commercial Newmark Xxxxxx Xxxxx by Landlord for services rendered in consummating this transaction upon mutual lease execution. Tenant shall have no responsibility for real estate commissions.
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CONSULT YOUR ADVISORS: This document (including its exhibits and addendum's, if any) has been prepared by Broker for approval by the undersigned respective parties' legal counsel. Broker makes no representation or recommendation as to the legal sufficiency or tax consequences of this document or the transaction to which it relates. These are questions for an attorney or accountant.
Accepted and Approved:
Landlord: THE XXXXX FAMILY TRUST
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By:
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/s/ Xxxxx X. Xxxxx
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Date:
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11/28/12
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Xxxxx X. Xxxxx
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By:
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/s/ Xxxxx X. Xxxxx |
Date:
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11/28/12 | |
| Xxxxx X. Xxxxx | ||||
| Tenant: | TAHOE RF SEMICONDUCTOR, INC. | |||
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By:
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/s/ Xxxxxx Xxxxxxx |
Date:
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11/28/12 | |
| Xxxxxx Xxxxxxx, President | ||||
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By:
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/s/ Xxxxxxxxxxx Xxxxx |
Date:
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Nov 28 2012 | |
| Xxxxxxxxxxx Xxxxx, CFO |
Xxxxx·Tahoe-aaa12834EarhartLS AMD11-14-12KCLkf
0000 Xxxxx Xxxxx Xxxxx, Xxxxx 000, Xxxxxxxxx, XX 00000 M 916.367.7000 F 916.367.6362
xxx.xxxxxxxxx.xxx
Page 2 of 2
