SECOND AMENDMENT
SECOND AMENDMENT
THIS
SECOND AMENDMENT TO LEASE is dated as of July 1, 2007 and is made
between
CYPRESS SEMICONDUCTOR CORPORATION, as Landlord, and SUNPOWER CORPORATION, as
Tenant, to be a part of that certain Office Lease Agreement and all exhibits
thereto, dated for reference purposes only as of May 15, 2006.(the “Original
Lease”), concerning approximately 43,732 rentable square feet (“RSF”), and
concerning cubicle space approximately 3,732 USF, and open space for 2,066
located within the Premises stated in the Original Lease. The Premises are
located within the Building commonly known as Building #3,
(the“Building”), located at 0000 X. Xxxxx Xxxxxx (the “Land”) as shown on the
floor plan on Exhibit
"A".
(See
Section 1.1).
Landlord
and Tenant now desire to modify the Original Lease and, in consideration of the
mutual promises contained herein and for the other good and valuable
consideration, the receipt and sufficiency of which the parties hereby
acknowledge, Landlord and tenant hereby agree, intending to be bound thereby,
that the Original Lease is modified and supplemented in accordance with the
terms and conditions set forth below:
1.
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Basic
Terms:
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a.
|
Premises: Approximately
51,228 rentable square feet. The Premises are located within
the Building as shown on Exhibit “A-1” (See revisions on Section
1.1)
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b.
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Base
Rent:
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Lease Months | Monthly Base Rent / SF | Monthly Base |
1-8 | $2.16 / SF | $ 94,461 |
9-12 | $2.16 / SF | $ 94,461 |
13 | $2.25 / SF | $ 98,397 |
14 | $2.25 / SF | $ 106,830 |
15-24 | $2.25 / SF | $ 115,263 |
25-36 | $2.34 / SF | $ 119,873 |
37-48 | $2.43 / SF | $ 124,484 |
49-60 | $2.53 / SF | $ 129,606 |
2.
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Article
1 Section 1.1, Premises, the Premises is hereby expanded to include
additional cubicle and open space consisting of approximately 5,388 usable
square feet (“USF”) effective July 1, 2007. The Premises shall
now contain approximately 51,228 square
feet.
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3.
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Article
2, Section 2.1, Base Rent, the monthly base rent remains up to the 8th
month or December 31, 2006 as per Original Lease . The monthly
base rent shall be adjusted to include the additional space
rent effective on the 15th
month of the Original Lease or July 1, 2007 as shown in the Base Rent
Table (b) of the Basic Terms of this First
Amendment.
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4.
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Exhibit
“A”, the Floor Plan shall be amended as shown in Exhibit A-1 of the First
Amendment.
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5.
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In
the event of any inconsistency between this Second Amendment and the
Original Lease, the terms in this Second Amendment shall
prevail. Except as modified herein, the Original Lease remains
in full force and effect.
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IN
WITNESS WHEREOF, the parties hereto have executed this Second Amendment to Lease
as of the date first set forth above.
Signed, sealed
and delivered
in the presence of:
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CYPRESS SEMICONDUCTOR CORP: |
By: /s/ XXXXX XXXX | |
Name: | Name: Xxxxx Xxxx |
(Print or Type
Name)
|
Title: Facilities Manager |
Name | |
(Print ot Type
Name)
|
Dated: 10/2/07 |
SUNPOWER CORPORATION: |
By: /s/ | |
Name: | Name: |
(Print or Type
Name)
|
Title: |
Name | |
(Print ot Type
Name)
|
Dated: 10/2/07 |