1
EXHIBIT 10.22
SIXTH AMENDMENT TO LEASE
This amendment to lease ("Sixth Amendment") is made this 28th day of May, 1999,
by and between Sobrato Interests, a California limited partnership having an
address at 00000 Xxxxx Xx Xxxx Xxxxxxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxxxxx 00000
("Landlord") and 8x8, Inc., a Delaware corporation, which changed its name in
April, 1996 from Integrated Information Technology, Inc. ("Tenant").
WITNESSETH
WHEREAS Landlord and Tenant entered into a lease dated July 3, 1990, and
subsequent lease amendments dated March 31, 1991, March 22, 1994, December 18,
1995, March 18, 1997 and January 26, 1998 (collectively the "Lease") for the
premises located at 0000 Xxxxxxx Xxxxxxx Xxxxxxxxx, Xxxxxxxxxx ("Premises"); and
WHEREAS effective the date of this Sixth Amendment, Landlord and Tenant wish to
modify the Lease to (i) reflect Tenant's exercise of its Option to extend the
term of the Lease, and (ii) specify the monthly rent and management fee during
the Option Term;
NOW, THEREFORE, in order to effect the intent of the parties as set forth above
and for good and valuable consideration exchanged between the parties, the Lease
is amended as follows:
1. The parties acknowledge that Tenant has exercised its sole Option under
Lease paragraph 39 to extend the term of the Lease.
2. Monthly rent during the Option Term shall be payable according to the
following schedule:
3. June 1, 1999 through May 31, 2000: $84,402.55 per month
June 1, 2000 through May 31, 2001: $88,964.85 per month
June 1, 2001 through May 31, 2002: $95,808.30 per month
June 1, 2002 through May 31, 2003: $98,089.45 per month
4. The management fee, payable monthly during the Option Term, shall be 1.5%
of the monthly rent.
5. All defined terms shall have the same meanings as in the Lease, except as
otherwise stated in this Sixth Amendment.
6. Except as hereby amended, the Lease and all the terms, covenants and
conditions thereof shall remain unmodified and in full force and effect. In
the event of any conflict or inconsistency between the terms and provisions
of the Sixth Amendment and the terms and provisions of the Lease, the terms
and provisions of this Sixth Amendment shall prevail.
2
Page 2
May 27, 1999
IN WITNESS WHEREOF, the parties hereto have set its hands to this Sixth
Amendment as of the day and date first above written.
LANDLORD
Sobrato Interests,
a California limited partnership
By: /s/ [illegible] By: /s/ Xxxxxx Xxxxxx
----------------------------------- -----------------------------------
Its: General Partner Its: Chief Financial Officer
---------------------------------- ----------------------------------
