Exhibit 4 (n)
SUBLEASE AGREEMENT
(BUILDING #5 - RENCO 59)
This Sublease Agreement to Building #5 - Renco 59 (the "Sublease") is made
effective as of the ____ day of June, 2000, (the "Effective Date") by and
between Cirrus Logic, Inc., a California corporation ("Sublandlord") and ISE
Labs, Inc., a California corporation ("Subtenant"). By this Sublease,
Sublandlord agrees to sublease to Subtenant, and Subtenant agrees to sublease
from Sublandlord, those certain premises situated in the City of Fremont,
County of Alameda, State of California, consisting of approximately
seventy-nine thousand seven hundred fifty (79,750) square feet of space (the
"Subleased Premises") in that Building known as 00000 Xxxxxxx Xxxxxxx, Xxxxxxx,
Xxxxxxxxxx (sometimes referred to as Renco 59 or Building #5) (the "Building").
ARTICLE 1
MASTER LEASE AND OTHER AGREEMENTS
SECTION 1.01. Applicable Provisions. Except as specifically set forth
herein, this Sublease is subject and subordinate to all of the terms and
conditions of that certain Industrial Space Lease (the "Original Lease") dated
May 4, 1994, in effect by and between Cirrus Investments L.L.P., successor in
interest to Renco Investment Company ("Master Landlord") and Sublandlord, as
Tenant, as amended by that certain Addendum to Lease of equal date therewith
(the "Addendum"), and as further amended by that certain First Amendment to
Lease, dated June 14, 1995, (the "First Amendment"). (The Original Lease, the
Addendum, and the First Amendment are sometimes collectively referred to herein
as the "Master Lease".) A copy of the Master Lease is attached hereto as
Exhibit "A" and incorporated herein by reference. Subtenant hereby assumes and
agrees to perform the obligations of Tenant under the Master Lease as more
particularly set forth hereafter. Unless otherwise defined, all capitalized
terms used herein shall have the same meanings as given them in the Master
Lease. Neither Sublandlord nor Subtenant shall commit or permit to be committed
any act or omission which would violate any term or condition of the Master
Lease. Subtenant shall neither do nor permit anything to be done which would
cause the Master Lease to be terminated or forfeited by reason of any right of
termination or forfeiture reserved or vested in Master Landlord under the
Master Lease, and Subtenant shall indemnify and hold Sublandlord harmless from
and against all liability, judgments, costs, demands, claims, and damages of
any kind whatsoever (including, without limitation, attorneys' fees and court
costs) by reason of any failure on the part of Subtenant to perform any of the
obligations of Tenant under the Master Lease which Subtenant has become
obligated hereunder to perform. In the event of the termination of
Sublandlord's interest as Tenant under the Master Lease for any reason other
than for Sublandlord's breach, then this Sublease shall terminate automatically
upon such termination without any liability of Master Landlord or Sublandlord
to Subtenant. Subtenant represents and warrants to Sublandlord that it has read
and is familiar with the Master Lease.
SECTION 1.02. Applicable Provisions. All of the terms and conditions
contained in the Master Lease as they may apply to the Subleased Premises,
except those directly contradicted by the terms and conditions contained in
this document, and specifically, except for Sections 1.1 A-K, N, and S, 2.3,
2.4, 3.1, 3.6, 3.7, 13.2, and 14.2 of the Original Lease and Sections 1.1 S,
7.2A and B, 7.5 A and B, and 19 of the Addendum attached to the Original Lease,
and all of the First Amendment are incorporated herein and shall be terms and
conditions of this Sublease with each reference therein to "Landlord" or
"Lessor", "Tenant" or "Lessee", "Premises" and "Lease" to be deemed to refer to
Sublandlord, Subtenant, Subleased Premises, and Sublease, respectively, as
appropriate, except the following provisions that are incorporated herein, the
reference to Landlord shall mean Master Landlord only: Paragraphs 8, 9.2, 13.12
(b) and 16 of the Addendum, along with all of the following terns and
conditions set forth in this document, shall constitute the complete terms and
conditions of this Sublease.
SECTION 1.03. Obligations of Sublandlord. Notwithstanding anything herein
contained, the only services or rights to which Subtenant is entitled hereunder
are those to which Sublandlord is entitled under the Master Lease, and for all
such services and rights Subtenant shall look solely to the Master Landlord
under the Master Lease, and the obligations of Sublandlord hereunder shall be
limited to using its reasonable good faith efforts to obtain the
performance by Master Landlord of its obligations. Sublandlord shall have no
liability to Subtenant or any other person for damage of any nature whatsoever
as a result of the failure of Master Landlord to perform said obligations
except for Master Landlord's termination of the Sublandlord's interest as
Tenant under the Master Lease in the event of Sublandlord's breach of the
Master Lease, and Subtenant shall indemnify and hold Sublandlord harmless from
any and all claims and liability whatsoever for any such damage including,
without limitation, all costs and attorneys' fees incurred in defending against
same.
ARTICLE 2
TERM
SECTION 2.01. Term. The term of this Sublease shall commence on the
earlier of (i) the date the Subtenant takes possession of the Subleased
Premises to operate its businesses or (ii) August 1, 2000. This date shall be
referred to as the "Commencement Date." The term of this Sublease shall end on
December 22, 2007, unless sooner terminated pursuant to any provision of this
Sublease or the Master Lease as applicable to the Subleased Premises (the
"Expiration Date"). Notwithstanding the foregoing, Sublandlord shall have no
obligation to Subtenant to exercise any of its options to extend under the
Master Lease.
SECTION 2.02. No Option to Extend. Subtenant shall have no option to
extend this Sublease.
SECTION 2.03. Sublandlord's Inability to Deliver Subleased Premises. In
the event Sublandlord is unable to deliver possession of the Subleased Premises
on or before the Commencement Date, Sublandlord shall not be liable for any
damage caused thereby, nor shall this Sublease be void or voidable, but all
rent due hereunder shall xxxxx until such time as Sublandlord shall deliver
possession of the Subleased Premises to Subtenant in the condition required
under the terms of this Sublease.
SECTION 2.04. Early Access. After the execution of this Sublease, and
prior to the Commencement Date, Sublandlord shall allow Subtenant and its
employees, agents and contractors reasonable access to the Premises, subject to
Sublandlord's reasonable consent, for space planning and preparation of the
Subleased Premises, at reasonable dates and times mutually agreed upon between
Sublandlord and Subtenant. With regards to this Section 2.5 only, while on the
Subleased Premises, Subtenant and its agents, employees and contractors, shall
be subject to all the terms and conditions of this Sublease, except for the
payment of Rent.
ARTICLE 3
RENT
SECTION 3.01 Rent. Subtenant shall pay base rent to Sublandlord in advance
each month during the term of this Sublease according to the Base Rent Schedule
set forth below (the "Base Rent"). Base Rent for the first month of the term of
this Sublease shall be paid in advance on the date of execution hereof by
Subtenant. Thereafter, during the term of this Sublease, Base Rent shall be
paid in advance on the first day of each calendar month. Base Rent for any
partial month at the commencement or termination of this Sublease shall be
prorated on the basis of the actual number of days in such month.
Base Rent Schedule
------------------
Period Base Rent Per Month
------ -------------------
Commencement Date through 12th month $107,662.00
13th month through 24th month $110,891.86
25th month through 36th month $114,218.62
37th month through 48th month $117,645.17
49th month through 60th month $121,174.53
61st month through 72nd month $124,809.77
73rd month through 84th month $128,554.06
Period Base Rent Per Month
------ -------------------
85th month through 96th month $132,410.68
97th month through Expiration Date $136,383.00
SECTION 3.02 Additional Rent. Any rent or other sums payable by Subtenant
under this Sublease shall constitute and be due as additional rent (the
"Additional Rent"). To the extent Sublandlord is charged for additional rent,
or other sums pursuant to any of the provisions of the Master Lease, including
without limitation, the cost of utilities and services, Property Operating
Expenses, any insurance premiums or deductibles under the Master Lease, or any
repair or maintenance costs paid by Sublandlord under the terms of the Master
Lease, Subtenant shall pay to Sublandlord and be liable for all such additional
rent or sums as Additional Rent under this Sublease. If Subtenant shall procure
any additional services from Master Landlord, Subtenant shall make such payment
to Sublandlord or Master Landlord, as Sublandlord shall direct.
SECTION 3.03. Payment of Rent. Base Rent and Additional Rent shall
sometimes collectively be referred to herein as "Rent". All Rent shall be paid
in lawful money of the United States of America, without deduction of offset,
to the Sublandlord at: Cirrus Logic, Inc., X.X. Xxx 000000, Xxxxxx, Xxxxx
00000-0000, Acct # 4801 897521, or at any other place Sublandlord may from time
to time designate by written notice mailed or delivered to Subtenant.
ARTICLE 4
SECURITY DEPOSIT
SECTION 4.01. Security Deposit. Upon execution hereof, Subtenant shall
deposit with Sublandlord, in cash, the sum of one hundred thirty-six thousand
three hundred eighty-four dollars and no cents ($136,384.00) as and for a
Security Deposit to secure Subtenant's full and timely performance of all of
its obligations hereunder. If Subtenant defaults after notice and the
expiration of any cure period, with respect to any provision of this Sublease,
Sublandlord may (but shall not be obligated to) use, apply, or retain all or
any portion of said deposit for payment of any sum for which Subtenant is
obligated or which will compensate Sublandlord for any loss or damage which
Sublandlord may suffer thereby. Any such use, application, or retention shall
not constitute a waiver by Sublandlord of its right to enforce its other
remedies hereunder, at law, or in equity. If any portion of said deposit is so
used, applied, or retained, Subtenant shall, within ten (10) days after
delivery of written demand from Sublandlord, restore said deposit to its
original amount. Subtenant's failure to do so shall constitute a material
breach of this Sublease, and in such event Sublandlord may elect, among or in
addition to other remedies, to terminate this Sublease. Sublandlord shall not
be a trustee of such deposit, and shall not be required to keep this deposit
separate from its accounts. Sublandlord alone shall be entitled to any interest
or earnings thereon and Sublandlord shall have the free use of same. If
Subtenant fully and faithfully performs all of its obligations hereunder, then
so much of the deposit as remains shall be returned to Subtenant (without
payment of interest or earnings thereon) within thirty (30) days after the
later of (i) expiration or sooner termination of the tern of this Sublease; or
(ii) Subtenant's surrender of possession of the Subleased Premises to
Sublandlord.
ARTICLE 5
THE SUBLEASED PREMISES
SECTION 5.01. Condition of the Subleased Premises. Subject to Paragraph
5.2 below, Subtenant acknowledges that as of the Commencement Date, Subtenant
shall have inspected the Subleased Premises, and every part thereof, and by
taking possession shall have acknowledged that the Subleased Premises are in
good condition, broom clean, and without need of repair, and Subtenant accepts
the Subleased Premises "AS-IS", Subtenant having made all investigations and
tests it has deemed necessary or desirable, or having been given the
opportunity to make such investigations and tests, but declining to do so, in
order to establish to its own complete satisfaction the condition of the
Subleased Premises. Subtenant accepts the Subleased Premises in their condition
existing as of the Commencement Date, subject to all applicable zoning,
municipal, county and state laws, ordinances, and regulations governing and
regulating the use of the Subleased Premises and any covenants or restrictions
of record. Subtenant acknowledges that neither Sublandlord nor Master Landlord
have made any representations or warranties as to the
condition of the Subleased Premises or its present or future suitability for
Subtenant's purposes except as set forth in Paragraph 5.2 hereafter.
Sublandlord shall deliver possession of the Subleased Premises in broom clean
condition.
SECTION 5.02 Sublandlord Representation of Condition. Sublandlord warrants
that at the Commencement Date the existing plumbing, electrical, and HVAC
system shall be in operating condition and repair and that the roof with roof
membrane will be in water-tight condition. If a non-compliance with said
warranty exists at the time of the Commencement Date, Sublandlord shall, except
as otherwise provided in this Sublease, promptly, after receipt of written
notice from Subtenant setting forth with specificity the nature and extent of
such non-compliance, rectify same at Sublandlord's expense. If Subtenant does
not give Sublandlord written notice of a non-compliance with this warranty
within thirty (30) days after the Commencement Date, correction of such
non-compliance shall be the obligation of Subtenant at Subtenant's sole cost
and expenses thereafter to the extent that it is an obligation of Subtenant
under this Sublease, or if its an obligation of Sublandlord, shall be part of
the additional rent under the Sublease as set forth in Paragraph 3.2.2 above.
SECTION 5.03. Surrender. Subtenant shall keep the Subleased Premises, and
every part thereof in good order and repair. In addition to Subtenant's
requirements under the Master Lease, upon the termination of this Sublease,
Subtenant shall vacate and surrender the Subleased Premises to Sublandlord in
substantially the same condition as received, broom clean, ordinary wear and
tear excepted. During the term of this Sublease, Subtenant shall perform all
necessary maintenance, repair and cleaning to maintain the Subleased Premises
in the condition it was delivered at the Commencement Date.
ARTICLE 6
INSURANCE
SECTION 6.01. Subtenant's Insurance. With respect to the Tenant's
insurance under the Master Lease, the same levels are to be provided by
Subtenant as described in the Master Lease, and such policies of insurance
shall include as named insureds Master Landlord, Sublandlord and any lender as
required by Master Landlord or Sublandlord.
SECTION 6.02 Waiver of Subrogation. With respect to the waiver of
subrogation contained in the Master Lease, such waiver as incorporated within
this Sublease shall be deemed to include Master Landlord, Sublandlord and
Subtenant.
ARTICLE 7
USE OF SUBLEASED PREMISES; PARKING; IMPROVEMENTS
SECTION 7.01. Use of Subleased Premises. Subtenant shall use the Subleased
Premises for general office, sales, administration, research and development,
and testing, and any related lawful purpose permitted under the Master Lease.
SECTION 7.02. Alterations; Improvements. Subtenant shall not make any
alterations, improvements, or modifications to the Subleased Premises without
the express prior written consent of Sublandlord and of Master Landlord, which
consent by Sublandlord shall not be unreasonably withheld. Subtenant shall
reimburse Master Landlord and Sublandlord for all commercially reasonable costs
which Master Landlord and Sublandlord may incur in connection with granting
approval to Subtenant for any such alteration and additions. Subtenant shall
provide Master Landlord and Sublandlord with a set of "as-built" drawings for
any such work, together with copies of all permits obtained by Subtenant in
connection with performing any such work, within thirty (30) days after
completing such work. On termination of this Sublease, Subtenant shall remove
any or all of such improvements made by Subtenant or its agents, assigns or
sub-subtenants, and to restore the Subleased Premises (or any part thereof) to
the same condition as of the Commencement Date of this Sublease, broom an,
reasonable wear and tear excepted, or as otherwise instructed in writing by
either Sublandlord or Master Landlord. Should Subtenant fail to remove such
improvements and restore the Subleased Premises as of the termination of this
Sublease, unless instructed otherwise in writing as set forth above,
Sublandlord shall have the right to do so, and charge Subtenant
therefore, plus a service fee of 15% of the costs incurred by Sublandlord.
Sublandlord consents to the construction of a test lab on the Subleased
Premises, so long as such construction complies with all of the terms and
conditions of this Paragraph 7.2.
SECTION 7.03. Parking. So long as Subtenant is not in default and subject
to the rules and regulations imposed from time to time by Master Landlord or
Sublandlord, Subtenant shall have same rights as to parking as Tenant under the
terms of the Master Lease.
ARTICLE 8
ASSIGNMENT, SUBLETTING & ENCUMBRANCE
SECTION 8.0.1. Consent Required. Except for a Permitted Transfer, as
defined below, Subtenant shall not assign this Sublease or any interest therein
nor shall Subtenant sublet, license, encumber or permit the Subleased Premises
or any part thereof to be used or occupied by others, without Sublandlord's and
Master Landlord's prior written consent, which consent shall not be
unreasonably withheld. The consent by Sublandlord and Master Landlord to any
assignment or subletting shall not waive the need for Subtenant (and
Subtenant's assignee or subtenant) to obtain the consent of Sublandlord and
Master Landlord to any different or further assignment or subletting. Except as
otherwise provided for in Section 1.2 above, all terms and conditions set forth
in the Master Lease regarding assignments and subletting shall apply, and to
the extent there is any Bonus Rents, (Rent paid by such assignee or subtenant
in excess of Rent paid by Subtenant hereunder) the Bonus Rent shall first be
split per the Master Lease and any Bonus Rent to go to Subtenant shall be split
50/50 with Sublandlord to be paid to Sublandlord within five (5) days of
receipt by Subtenant, minus Subtenant's reasonable costs of such sublease or
assignment for broker's fees and attorneys' fees. Notwithstanding the
foregoing, except for any Bonus Rent that Sublandlord is required to pay to
Master Landlord under the terms of the Master Lease, Subtenant shall not be
required to pay any Bonus Rent to Sublandlord arising out of an assignment or
sublease to a Permitted Transfer.
SECTION 8.02. Form of Document. Every assignment, agreement, or sublease
shall recite that it is and shall be subject and subordinate to the provisions
of this Sublease, that the assignee or Subtenant assumes Subtenant's obligation
hereunder, but only to the extent applicable to the Premises, and that the
termination of this Sublease shall, at Sublandlord's sole election, constitute
a termination of every such assignment or sublease.
SECTION 8.03. No Release of Subtenant. Regardless of Sublandlord's
consent, no subletting or assignment shall release Subtenant of Subtenant's
obligation or alter the primary liability of Subtenant to pay the Rent and to
perform all other obligations to be performed by Subtenant hereunder. The
acceptance of Rent by Sublandlord from any other person shall not be deemed to
be a waiver by Sublandlord of any provision hereof. In the event of default by
any assignee, subtenant or any other successor of Subtenant, in the performance
of any of the terms hereof, Sublandlord may proceed directly against Subtenant
without the necessity of exhausting remedies against such assignee, subtenant
or successor.
SECTION 8.04. Default. An involuntary assignment shall constitute a
default and Sublandlord shall have the right to elect to terminate this
Sublease, in which case this Sublease shall not be treated as an asset of
Subtenant.
SECTION 8.05. Permitted Transfer.
8.5.1 Notwithstanding anything contained in this Sublease or the Master
Lease, Subtenant may enter into any of the following transfers (a "Permitted
Transfer") without Landlord's prior written consent: (1) Subtenant may sublease
all or part of the Subleased Premises or assign its interest in the Sublease to
any corporation or other entity which controls, is controlled by, or is under
common control with the Subtenant; (2) Subtenant may assign its interest in the
Sublease to a corporation or other entity which results from a merger,
consolidation or other reorganization in which Subtenant is not the surviving
corporation; (3) Subtenant may assign the Sublease to a corporation or other
entity which purchases or otherwise acquires all or substantially all of the
assets of Subtenant at the Subleased Premises; (4) Subtenant may reincorporate
in another jurisdiction or reconstitute and convert to a different form, such
as converting from a corporation to a limited liability company; and (5)
Subtenant may sell its shares for the initial issuance or transfer of shares in
Subtenant in connection with its public offering on a national
stock exchange or a regularly traded over-the-counter market and quoted on
NASDAQ or shares that may be traded publicly subsequent thereto, provided: (a)
Subtenant is not in default under this Sublease beyond applicable cure periods;
(b) if such proposed transferee is a successor to Subtenant by purchase,
merger, consolidation or reorganization, the continuing or surviving entity
shall own all or substantially all of the assets of Subtenant and shall have a
net worth which is at least equal to Subtenant's net worth at the date of the
Permitted Transfer; (c) such proposed transferee operates the business in the
Subleased Premises for the use described in this Sublease and no other purpose;
and (d) in no event shall any Permitted Transfer release or relieve Subtenant
from any of its obligations under this Sublease. Subtenant shall give Master
Landlord written notice of any such Permitted Transfer.
ARTICLE 9
DEFAULT
SECTION 9.01. Default Described. The occurrence of any of the following
shall constitute a material breach of this Sublease and a default by Subtenant:
(i) failure to pay Rent or any other amount within three (3) days after due;
(ii) all those items of default set forth in the Master Lease which remain
uncured after the cure period provided in the Master Lease, other than the
obligation of Sublandlord to pay Base Monthly Rent under the terms of the
Master Lease; or (iii) Subtenant's failure to perform timely, subject to any
cure periods any other material provision of this Sublease or the Master Lease,
as incorporated herein.
SECTION 9.02. Sublandlord's Remedies. Sublandlord shall have the remedies
set forth in the Master Lease as if Sublandlord is Master Landlord. These
remedies are not exclusive; they are cumulative and in addition to any remedies
now or later allowed by law.
SECTION 9.03. Notice of Event of Default under Master Lease. Sublandlord
shall notify Subtenant of any Event of Default under the Master Lease, or of
any other event of which Sublandlord has actual knowledge which will impair
Subtenant's ability to conduct its normal business at the Subleased Premises,
as soon as reasonably practicable, following Sublandlord's receipt of notice
from Master Landlord of an Event of Default or Sublandlord's actual knowledge
of such impairment.
SECTION 9.04. Cross Defaults. Sublandlord and Subtenant have entered into
this Sublease and subleases for the following properties: 0000 Xxxx Xxxxxx
Xxxxxx, Xxxxxxxx 00 ("Building 44 Sublease"), 00000 Xxxxxxxx Xxxxx, Xxxxxxxx 45
("Building 45 Sublease"), and 00000 Xxxxxxx Xxxxxxx, Building 43 ("Building 43
Sublease"), all in the City of Fremont, Alameda County, State of California.
This Sublease, the Building 44 Sublease, the Building 45 Sublease and the
Building 43 Sublease are collectively referred to herein as the ISE Subleases.
A default by Subtenant under the terms and obligations of any of the ISE
Subleases shall be considered to be a default under all of the ISE Subleases.
In the event of a default by Subtenant under any of the ISE Subleases,
Sublandlord may pursue the remedies permitted by law or pursuant to the terms
of any, either or all of the ISE Subleases, as if Subtenant had defaulted under
any one or all of the ISE Subleases. If Subtenant and Sublandlord enter into
any other sublease(s) at the Project, the immediately preceding cross default
provisions shall apply to all such sublease(s).
ARTICLE 10
CONSENT OF MASTER LANDLORD
SECTION 10.01. Precondition. The Master Lease requires that Sublandlord
obtain the consent of Master Landlord to any subletting by Sublandlord. If
Master Landlord shall not have consented to this Sublease in a form reasonably
acceptable to Sublandlord within thirty (30) days after the Commencement Date,
Sublandlord may terminate this Sublease by providing written notice thereof to
Subtenant. This Sublease shall not be effective unless and until Master
Landlord signs a consent to this subletting satisfactory to Sublandlord and
Subtenant. In compliance with the terms of Paragraph 7.3 of the Master Lease,
Sublandlord shall use its best efforts to obtain Master Landlord's consent to
this Sublease. If Sublandlord is unable to obtain Master Landlord's consent
within thirty (30) days of the Effective Date, this Sublease shall terminate.
ARTICLE 11
MISCELLANEOUS
SECTION 11.01. Conflict with Master Lease; Interpretation. In the event of
any conflict between the provisions of the Master Lease and this Sublease, the
Master Lease shall govern and control except to the extent directly
contradicted by the terms of this Sublease. No presumption shall apply in the
interpretation or construction of this Sublease as a result of Sublandlord
having drafted the whole or any part hereof.
SECTION 11.02. Remedies Cumulative. The rights, privileges, elections, and
remedies of Sublandlord in this Sublease, at law, and in equity are cumulative
and not alternative.
SECTION 11.03. Waiver of Redemption. Subtenant hereby expressly waives any
and all rights of redemption to which it may be entitled by or under any
present or future laws in the event Sublandlord shall obtain a judgment for
possession of the Subleased Premises.
SECTION 11.04. Holding Over. Any holding over by Subtenant after
expiration of this Sublease with the consent of Sublandlord shall be deemed a
tenancy from month-to-month at a monthly rate of 150% of the Base Rent and
other amounts due for the last month of the Sublease term and shall otherwise
be on the same terms and conditions set forth herein. Said monthly rent shall
be due and payable monthly in advance on the first day of the month and
otherwise as provided for in Article 3 hereof until such tenancy is terminated
by Sublandlord or by Subtenant upon 30 days written notice to the other party.
Any holdover without the consent of Sublandlord shall be deemed tenancy at
sufferance. If Subtenant fails to surrender the Subleased Premises upon the
termination or expiration of this Lease, in addition to any other liabilities
to Sublandlord accruing therefrom, Subtenant shall protect, defend, indemnify
and hold Sublandlord harmless from all claims resulting from such failure,
including but not limited to, any claims made by Master Landlord regarding any
succeeding tenant founded upon such failure to surrender, and any lost profits
to Master Landlord resulting therefrom.
SECTION 11.05. Signage. Subtenant shall be allowed to install Subtenant's
name on the exterior wall of the Building and on the monument sign, subject to
Sublandlord's and Master Landlord's prior written consent, such consent not to
be unreasonably withheld. All signs shall be at Subtenant's sole cost and shall
comply with Section 4.6 of the Master Lease and with all local, federal and
state rules, regulations and ordinances at all times during the term hereof.
Except for the monument sign, Subtenant acknowledges and agrees that its
request for consent to signage shall be limited to signage at the Subleased
Premises. Subtenant, at Subtenant's sole cost, shall remove all such signs and
graphics prior to the termination of this Sublease and repair any damage caused
by such removal.
SECTION 11.06. Offer. Preparation of this Lease by either Sublandlord or
Subtenant or either parties' agent and submission of same to Sublandlord or
Subtenant shall not be deemed an offer to sublease. This Sublease is not
intended to be binding until executed and delivered by all Parties hereto.
SECTION 11.07. Sublandlord and Master Landlord's Consents. In all
provisions of the Master Lease (under the terms thereof and without regard to
modifications thereof for purposes of incorporation into this Sublease)
requiring the approval or consent of Master Landlord, Subtenant shall be
required to obtain the approval or consent of both Sublandlord and Master
Landlord, which consent by Sublandlord shall not be unreasonably withheld.
Sublandlord agrees to cooperate with Subtenant in obtaining the Master
Landlord's consent.
SECTION 11.08. No Change in the Master Lease. Sublandlord shall not
voluntarily surrender possession of the Subleased Premises, terminate the
Master Lease, unless otherwise permitted under the terms of the Master Lease,
or execute an amendment to the Master Lease that would shorten the term of the
Master Lease, reduce the services provided by Master Landlord or adversely
affect Subtenant's rights under the Sublease, without the prior written consent
of Subtenant, such consent not to be unreasonably withheld or delayed."
ARTICLE 12
HAZARDOUS MATERIALS
SECTION 12.01. Hazardous Materials. Notwithstanding anything contained
herein or in the Master Lease to the contrary, Subtenant shall not store, use,
or dispose of any Hazardous Materials (as such is defined in the Master Lease)
on, under, or about the Subleased Premises.
SECTION 12.02. Indemnity. Subtenant shall be solely responsible for and
shall defend, indemnify and hold Sublandlord and its partners, employees and
agents harmless from and against all claims, penalties, expenses and
liabilities, including attorneys' and consultants' fees and costs, arising out
of or caused in whole or in part, directly or indirectly, by or in connection
with its storage, use, disposal or discharge of Hazardous Materials whether in
violation of this section or not, or Subtenant's failure to comply with any
Hazardous Materials law. Subtenant shall further be solely responsible for and
shall defend, indemnify and hold Sublandlord harmless from and against any and
all claims, costs and liabilities, including attorneys' and consultants' fees
and costs, arising out of or in connection with the removal, cleanup,
detoxification, decontamination and restoration work and materials necessary to
return the Subleased Premises to their condition existing prior to Subtenant's
storage, use or disposal of the Hazardous Materials on the Subleased Premises.
For the purposes of the indemnity provisions hereof, any acts or omissions of
Subtenant or by employees, agents, assignees, contractors or subcontractors of
Subtenant (whether or not they are negligent, intentional or unlawful) shall be
strictly attributable to Subtenant. Subtenant's obligations under this section
shall survive the termination of this Lease.
ARTICLE 13
BROKER'S COMMISSIONS
SECTION 13.01. Commission. Sublandlord and Subtenant represent and warrant
to each other that each has not dealt with any brokers, except the following
brokers: BT Commercial (Sublandlord's Broker) and Colliers Xxxxxxx (Subtenant's
Broker) and with no other agent, finder, or other such person with respect to
this Sublease and each agrees to indemnify and hold the other harmless from any
claim asserted against the other by any broker, agent, finder, or other such
person not identified above as Sublandlord's Broker or Subtenant's Broker. The
commission to the Sublandlord's Broker is pursuant to separate agreement.
ARTICLE 14
NOTICES AND PAYMENTS
SECTION 14.01. Certified Mail. Any notice, demand, request, consent,
approval, submittal or communication that either party desires or is required
to give to the other party or any other person shall be in writing and either
served personally or sent by prepaid, first-class certified mail or commercial
overnight delivery service. Such notice shall be effective on the date of
actual receipt (in the case of personal service or commercial overnight
delivery service) or two days after deposit in the United States mail, to the
following addresses:
Sublandlord at: Cirrus Logic, Inc.,
0000 Xxxx Xxxxxx Xxxxxx,
Xxxxxxx, XX 00000
Subtenant at: ISE Labs
00000 Xxxxxxxx Xxxx.
Xxxxxxx, XX 00000
Attn.: CFO
ARTICLE 15
ATTORNEY'S FEES
SECTION 15.01. Sublandlord Made Party to Litigation. If Sublandlord
becomes a party to any litigation brought by someone other than Subtenant and
concerning this Sublease, the Subleased Premises, or Subtenant's use and
occupancy of the Subleased Premises to the extent, based upon any real or
alleged act or omission of Subtenant or its authorized representatives,
Subtenant shall be liable to Sublandlord for reasonable attorneys' fees and
court costs incurred by Sublandlord in the litigation.
SECTION 15.02. Certain Litigation Between the Parties. In the event any
action or proceeding at law or in equity or any arbitration proceeding be
instituted by either party, for an alleged breach of any obligation of
Subtenant or Sublandlord under this Sublease, to recover rent, to terminate the
tenancy of Subtenant at the Subleased Premises, or to enforce, protect, or
establish any right or remedy of a party to this Sublease Agreement, the
prevailing party (by judgment or settlement) in such action or proceeding shall
be entitled to recover as part of such action or proceeding such reasonable
attorneys' fees, expert witness fees, and court costs as may be fixed by the
court or jury, but this provision shall not apply to any cross-complaint filed
by anyone other than Sublandlord in such action or proceeding.
ARTICLE 16
EXHIBITS
SECTION 16.01. Exhibits and Attachments. All exhibits and attachments to
this Sublease are a part hereof..
IN WITNESS WHEREOF, Sublandlord and Subtenant have executed and delivered
this Sublease on the date first set forth above.
SUBLANDLORD SUBTENANT
CIRRUS LOGIC, INC., ISE LABS, INC.,
a California corporation a California corporation
By: By:
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Its: Its:
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By:
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Its:
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