FIFTH AMENDMENT TO LEASE
This Fifth Amendment to Lease ("Fifth Amendment") is entered into as of this 2nd
day of September, 1997, by and between Principal Mutual Life Insurance Company
("Lessor") and Xxxxxx Electronics, Inc., a California Corporation ("Lessee")
with respect to the following facts:
A. Lessor and Lessee entered into that certain Lease ("Lease") dated
December 2, 1994, with respect to premises situated in the County of Orange,
State of California, commonly known as 0000 Xxxxxxx Xxx, Xxxxxx Xxxxx,
Xxxxxxxxxx, consisting of approximately 21,117 square feet of space
("Premises").
X. Xxxxxx and Lessee entered into a First Amendment to Lease, dated May 24,
1995, that changed the Commencement Date of the Lease on the Premises.
X. Xxxxxx and Lessee entered into a Second Amendment to Lease dated June 19,
1995, to lease temporary storage space on the Second Floor of the Premises.
X. Xxxxxx and Lessee entered into a Third Amendment to Lease dated December
18, 1995, to lease approximately 6,221 square feet on the Second Floor of the
Premises.
X. Xxxxxx and Lessee entered into a Fourth Amendment to Lease dated June 19,
1996, to lease storage space at 0000 Xxxxxxx Xxx.
X. Xxxxxx and Lessee wish to amend the Lease as follows:
NOW THEREFORE, for valuable consideration, receipt of which is hereby
acknowledged, Lessor and Lessee agree as follows:
1. The Fourth Amendment for approximately 8,472 square feet of first
floor storage space at 0000 Xxxxxxx Xxx, Xxxxxx Xxxxx, Xxxxxxxxxx ("1st Floor
Storage Space") is of no further force and effect.
2. Lessor and Lessee wish to expand the Premises by leasing an additional
14,591 rentable square feet of second floor office space (the "Additional
Space") at 0000 Xxxxxxx Xxx, Xxxxxx Xxxxx, XX as reflected on Exhibit "A"
attached hereto.
3. The commencement date for the Additional Space shall be October 15,
1997, and the termination date shall be January 14, 2001.
4. The Base Monthly Rent as of October 15, 1997 shall be adjusted to
$24,520.05 NNN per month.
5. Lessee's pro-rata share of the Operating Expenses for the Premises as
further defined in the Lease shall be 100% of the Building.
6. Lessee shall lease the Additional Space "as is" with the exception of
Lessor's installation, at Lessor's sole cost and expense, of building standard
carpet and base in a color to be chosen by Lessee.
7. Addendum II to the Lease dated December 2, 1994 "opportunity to
negotiate Additional Space for Lease" is of no further force and effect.
F. Amendment Controls. To the extent there is any conflict between the
provisions of the Lease and the provisions of this Fourth Amendment, the
provisions of this Fourth Amendment shall control.
G. All other terms definitions and conditions of the Lease remain unmodified
and in full force and effect.
NOW, THEREFORE, Lessor and Lessee have executed this Fifth Amendment as of the
date first set forth hereinabove.
LESSOR:
PRINCIPAL MUTUAL LIFE INSURANCE COMPANY
By:
----------------------------------
Its:
----------------------------------
Date:
----------------------------------
LESSEE:
XXXXXX ELECTRONICS, INC.,
A DELAWARE CORPORATION
By:
----------------------------------
Its:
----------------------------------
Date:
----------------------------------
Exhibits: Exhibit A
10467
DIAGRAM
