Exhibit 10.36
SECOND AMENDMENT TO LEASE
Agreement made as of the 20th day of December 1996 between MASSACHUSETTS
INSTITUTE OF TECHNOLOGY ("Lessor") and ANALOG DEVICES, INC. ("Lessee").
WHEREAS: Lessor is the lessor and Lessee the lessee under a lease agreement
(the "Lease") dated February 8, 1995 with respect to the basement, first and
second floors of the building at 00 Xxxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxxxx (the
"Building");
WHEREAS: Lessee holds an option ("Expansion Option") to expand the leased
premises (the "Premises") under the Lease to include the third and fourth floors
of the Building on terms set forth in the Lease;
WHEREAS: Lessee desires to exercise the Expansion Option with respect to
both the third and fourth floors but on terms and conditions different from
those set forth in the Lease; and
WHEREAS: Lessor has agreed to modify the Lease as set forth below:
NOW THEREFORE: the parties agree as follows:
1. Lessee has effectively exercised its Expansion Option to lease the third
and fourth floors of the Building on the terms and conditions set forth in the
Lease as amended hereby.
2. Lessee shall be entitled to take possession of the third floor of the
Building on January 7, 1997 and shall be entitled to take possession of the
fourth floor of the Building on June 1, 1998.
3. Commencing February 13, 1997, Lessee shall pay all Taxes for the
Building and the Land.
4. Lessee shall commence payment of Basic Rent for the third floor of the
Building commencing July 1, 1997 and shall commence payment of Basic Rent for
the fourth floor of the Building commencing December 1, 1998.
5. Notwithstanding Section 1.3 of the Lease or anything to the contrary set
forth in the Lease, except for Lessee's assumption of the responsibility to pay
real estate taxes as set forth in paragraph 3 above, the Premises shall not
include the fourth floor of the Building until June 1, 1998. Prior to that date,
Lessee shall not have the right of access to the fourth floor except as
expressly authorized from time to time by Lessor.
6. Except as set forth herein, the terms of the Lease are hereby confirmed
to be in full force and effect.
1
Executed as a sealed instrument as of the date first above written.
MASSACHUSETTS INSTITUTE OF TECHNOLOGY
By: /s/ Xxxxxx X. Xxxxxxxx
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Xxxxxx X. Xxxxxxxx, its
Director of Real Estate
and Assistant Treasurer
ANALOG DEVICES, INC.
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Treasurer
