FIRST AMENDMENT
Exhibit 10.19
FIRST AMENDMENT
THIS FIRST AMENDMENT (the “Amendment”) is made and entered into as of April 22, 2008, by and between BRE/PLUMERIA, LLC, a Delaware limited liability company (“Landlord”), and NETGEAR, INC., a Delaware corporation (“Tenant”).
RECITALS
A. | Landlord and Tenant are parties to that certain lease dated September 25, 2007 (the “Lease”). Pursuant to the Lease, Landlord has leased to Tenant space currently containing approximately 142,700 rentable square feet (the “Premises”), comprising the entirety of the building located at 000 Xxxx Xxxxxxxx Xxxxx, Xxx Xxxx, Xxxxxxxxxx. |
B. | The parties wish to amend the Lease to increase the amount of the Tenant Improvement Allowance, and to make certain other amendments to the Lease subject to, and on the basis of, the following terms and conditions. |
NOW, THEREFORE, in consideration of the above recitals which by this reference are incorporated herein, the mutual covenants and conditions contained herein and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows:
1. | Tenant Improvement Allowance. Notwithstanding the provisions of Section 2.1 of the Tenant Work Letter, the Tenant Improvement Allowance is hereby increased by ONE HUNDRED SIXTY THOUSAND DOLLARS ($160,000.00), so that the total amount of the Tenant Improvement Allowance under the Lease shall hereafter equal FOUR MILLION EIGHT HUNDRED SIXTY-NINE THOUSAND ONE HUNDRED DOLLARS ($4,869,100.00). |
2. | Schedule A Items to be Completed. |
2.1 | Landlord agrees at its sole expense to complete the items set forth on Schedule A hereto as part of the Base Building Work (collectively, the “Schedule A Items”); and Landlord shall cause the Schedule A Items to be completed on or before April 30, 2008 (subject to delays beyond Landlord’s reasonable control, and except as otherwise noted on Schedule A). The Schedule A Items shall not be construed as an exhaustive list of items to be completed by Landlord to complete the Base Building Work. |
2.2 | Tenant hereby waives any right to claim a deficiency pursuant to Section 1.1.1(b) of the Lease or otherwise solely with respect to the VAV boxes and pneumatic control systems serving the Premises, and the parties agree that the correction of any deficiency or defect in such systems and equipment serving the Premises shall hereafter be the obligation of Landlord or Tenant, as the case may be, pursuant to the terms and conditions set forth in Article 7 of the Lease. |
2.3 | To the extent Tenant shall be responsible for the repair or replacement of any Base Building Work pursuant to Article 7 of the Lease, Landlord shall assign to Tenant any available warranties or guaranties, provided that, if such warranties or guaranties are not assignable to Tenant, Landlord shall use commercially reasonable efforts to pursue such claims on Tenant’s behalf. |
2.4 | Notwithstanding Section 1.1.1(b) of the Lease, Tenant shall have ninety (90) days from the later of (i) Landlord’s completion of the Base Building Work or (ii) the Lease Commencement Date, to provide Landlord with written notice of deficiency in the Base Building. |
3. | Miscellaneous. |
3.1 | Upon execution by both parties, this Amendment and the attached exhibits, which are hereby incorporated into and made a part of this Amendment, shall set forth the entire agreement between the parties with respect to the matters set forth herein. Except as expressly provided in the Lease, there have been no additional oral or |
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written representations or agreements with respect to such matters. Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged and in full force and effect. |
3.2. | The capitalized terms used in this Amendment shall have the same definitions as set forth in the Lease to the extent that such capitalized terms are defined therein and not redefined in this Amendment. |
3.3. | Each signatory of this Amendment represents hereby that he or she has the authority to execute and deliver it on behalf of the party hereto for which such signatory is acting. |
IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Amendment as of the day and year first above written.
LANDLORD:
BRE/PLUMERIA, LLC, a Delaware limited liability company |
TENANT:
NETGEAR, INC., a Delaware corporation | |||||||
By: | /s/ Xxxx Xxxxxxx |
By: | /s/ Xxxxxx Xxx | |||||
Xxxx Xxxxxxx | Xxxxxx Xxx | |||||||
Senior Vice President | VP, Legal & Corporate Development | |||||||
Date of Execution: | Date of Execution: |
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