EXHIBIT 10.6
FIRST AMENDMENT TO LEASE
This First Amendment to Lease ("Amendment") is entered into as of July 15,
1999, between XXXXX XXXXXX ("Lessor") and OMNIVISION, INC. ("Lessee").
1. UNDERLYING FACTS/RECITALS
1.1 On or about April 4, 1997, Lessor and Lessee entered into that
certain Standard Industrial/Commercial Single-Tenant Lease-Net (the "Lease")
covering improved real property commonly known as 000-000 Xxxxxxxx Xxxxx,
Xxxxxxxxx, Xxxxxxxxxx (the "Premises"). All defined terms not otherwise defined
in this Amendment shall have the same meaning as set forth in the Lease.
1.2 The Original Term of the Lease is for 5 years, commencing May 1,
1997 and ending April 30, 2002.
1.3 Lessor desires to improve the roof of the building and Lessee is
willing to share in the cost of such improvements in exchange for a 1-year
extension of the Original Term.
1.4 The parties desire to amend the Lease on the terms and conditions
set forth below.
2. ROOF IMPROVEMENT
2.1 Apportionment of Cost. The total cost of improving the roof of the
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building located on the Premises is $16,635, pursuant to a May 18, 1999 letter
from Frederick's Roofing. Lessee hereby agrees to pay 50% of the total cost or
$8,317.50.
2.2 Payment of Costs. Lessee shall pay its share of the cost, or
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$8,317.50, as follows:
(a) $4,000 upon execution of this Amendment;
(b) $1,000 per month for 3 consecutive months, commencing on
August 1, 1999, and continuing through October 1, 1999; and
(c) The balance or $1,317.50, payable on November 1, 1999.
3. EXTENSION OF ORIGINAL TERM
In consideration of and subject to Lessee paying $8,317.50 in
accordance with paragraph 2.2, Lessor and Lessee hereby amend paragraph 1.3 of
the Lease to provide that the Original Term shall be 6 years, commencing May 1,
1997, and ending April 30, 2003. Base Rent during the additional year shall be
at
the same rate as during months 13-60 under the Lease. If Lessee fails to make
any payments in accordance with paragraph 2.2 above, Lessee acknowledges and
agrees that the Original Term of the Lease shall remain at 5 years, expiring on
April 30, 2002, without any further action by Lessor.
4. CONFIRMATION OF LEASE
Except as expressly set forth in this Amendment, all of
the provisions of the Lease shall remain unchanged and in full
force and effect.
LESSOR
/s/ Xxxxx Xxxxxx
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Xxxxx Xxxxxx
LESSEE
Omnivision, Inc.
By: /s/ Andy Shia
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Xxxxxxx Xx XXXX SHIA FOR XXXXXXX W
Its: 7/23/99
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