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Title:

Lease Agreement

Entities:

Network Appliance, Inc.; PalmSource, Inc.; Network Appliance, Inc.; Palmsource Inc

Date:

2003

Size:

248KB total

Price:

$73

ID:

#131668

 

 

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Start of Preview


 

LEASE AGREEMENT

 

between

 

NETWORK APPLIANCE, INC., a Delaware corporation,

 

as Landlord

 

and

 

PalmSource, Inc., a Delaware corporation,

 

as Tenant

 

For the Premises

 

Located At:

 

1240 Crossman Avenue

 

Sunnyvale, California

 


TABLE OF CONTENTS

 

               Page

1.

   PREMISES    3
     1.1    Lease of Premises    3
     1.2    Cafeteria Space    3
     1.3    Fitness Center    3
     1.4    Furniture    4
     1.5    Shipping/Receiving Area    4
     1.6    Construction of Landlords Work    4
     1.7    Condition of Premises    4
     1.8    Access    4

2.

   TERM    4
     2.1    Term    4
     2.2    Commencement Date    5
     2.3    Delay in Possession    5
     2.4    Early Occupancy    5
     2.5    Renewal Option    6

3.

   RENT AND SECURITY DEPOSIT    6
     3.1    Base Rent    6
     3.2    Late Charges    7
     3.3    Security Deposit    7

4.

   SERVICES    10
     4.1    Landlords Services    10
     4.2    Interruption in Services    11
     4.3    Janitorial Services    12

5.

   TAXES    12
     5.1    Payment of Real Property Taxes    12
     5.2    Definition of Real Property Taxes    12
     5.3    Personal Property Taxes    13

6.

   OPERATING EXPENSES    13
     6.1    Operating Expenses    13
     6.2    Definition of Premises Operating Expenses    13
     6.3    Definition of Building Operating Expenses    14
     6.4    Definition of Project Operating Expenses    15
     6.5    Fitness Center Operating Expenses    16
     6.6    Operating Expenses    16

7.

   ESTIMATED EXPENSES    17
     7.1    Payment    17

 

-i-


TABLE OF CONTENTS

(Continued)

 

               Page

     7.2    Adjustment    18
     7.3    Right to Inspect Books and Records    18

8.

   USE    18
     8.1    Use of Premises    18
     8.2    Compliance with Laws    19
     8.3    Outside Areas    19
     8.4    Signs    19
     8.5    Waste Disposal    20
     8.6    Hazardous Material    20
     8.7    Use of Common Areas    23
     8.8    Parking    23
     8.9    Changes and Additions by Landlord    24
     8.10    Building Name and Address    24
     8.11    Rules and Regulations    24
     8.12    Antenna    24

9.

   LANDLORDS MAINTENANCE AND REPAIR    25
     9.1    Landlords Maintenance    25
     9.2    Procedure and Liability    26
     9.3    Waiver    26
     9.4    Landlords Right to Perform Tenants Covenants    26

10.

   TENANTS MAINTENANCE AND REPAIR    27
     10.1    Tenants Obligation to Maintain    27

11.

   ALTERATIONS    27
     11.1    Trade Fixtures    27
     11.2    Consent Requirement for Alterations    27
     11.3    Possession    28
     11.4    Alterations Required by Law    28
     11.5    Mechanics Liens    28

12.

   FIRE AND CASUALTY DAMAGE    29
     12.1    Notice of Destruction    29
     12.2    Loss Covered by Insurance    29
     12.3    Loss Not Covered by Insurance    30
     12.4    Loss Caused by Tenant or Tenants Parties    30
     12.5    Destruction Near End of Term    30
     12.6    Destruction of Improvements and Personal Property    30
     12.7    Exclusive Remedy    30
     12.8    Lender Discretion    31

 

-ii-


TABLE OF CONTENTS

(Continued)

 

               Page

     12.9    Tenants Termination Rights    31

13.

   CONDEMNATION    31
     13.1    Landlords Termination Right    31
     13.2    Tenants Termination Right    31
     13.3    Restoration and Abatement of Rent    31
     13.4    Temporary Taking    32
     13.5    Division of Condemnation Award    32

14.

   LIABILITY OF LANDLORD; INDEMNITY BY TENANT    32
     14.1    Limitation on Landlords Liability    32
     14.2    Limitation on Recourse    32
     14.3    Indemnification of Landlord    33
     14.4    Notice of Claim or Suit    33
     14.5    Waiver of Jury Trial    33

15.

   INSURANCE    34
     15.1    Tenants Insurance Obligations    34
     15.2    Requirements of Tenants Insurance Coverage    34
     15.3    Evidence of Tenants Insurance Coverage    35
     15.4    Release and Waiver of Subrogation    35
     15.5    Tenants Obligation to Reimburse    36
     15.6    Landlords Insurance Obligations    36

16.

   LANDLORDS RIGHT OF ACCESS    36

17.

   ASSIGNMENT AND SUBLETTING    37
     17.1    Consent Requirement    37
     17.2    Procedure    38
     17.3    Landlords Election    38
     17.4    Terms of Transfer    38
     17.5    Corporate Reorganization    39
     17.6    Transfers to Affiliates    40
     17.7    Assignment in Bankruptcy    40
     17.8    Transfer by Landlord    41

18.

   DEFAULT AND REMEDIES    41
     18.1    Events of Tenants Default    41
     18.2    Landlords Remedies    42
     18.3    Limitation on Exercise of Rights    44
     18.4    Waiver by Tenant of Certain Remedies    44
     18.5    Remedies Cumulative    44

 

-iii-


TABLE OF CONTENTS

(Continued)

 

               Page

19.

   TENANTS REMEDIES    44
     19.1    Landlords Default    44
     19.2    Tenants Remedies    45

20.

   SURRENDER AND HOLDING OVER    45
     20.1    Surrender of the Premises    45
     20.2    Holding Over    46
     20.3    Entry at End of Term    46

21.

   MORTGAGES    46
     21.1    Subordination    46
     21.2    Modifications of Lease    47
     21.3    Mortgagee Protection and Attornment    47
     21.4    Estoppel Certificates and Financial Statements    47

22.

   GENERAL PROVISIONS    48
     22.1    Construction of Meaning    48
     22.2    Interest on Past-Due Obligations    48
     22.3    Time of Essence    48
     22.4    Binding Effect    48
     22.5    Choice of Law    48
     22.6    Captions    48
     22.7    Amendments    49
     22.8    Waivers    49
     22.9    Fees and Expenses    49
     22.10    Merger    49
     22.11    Severability    49
     22.12    Security Measures    50
     22.13    Easements    50
     22.14    Performance Under Protest    50
     22.15    Conflict    50
     22.16    No Third Party Beneficiaries    50
     22.17    Effective Date/Nonbinding Offer    50
     22.18    Water, Oil and Mineral Rights    51
     22.19    Confidentiality    51
     22.20    Notices    51
     22.21    Corporate Authority    51
     22.22    Successors and Assigns    51
     22.23    Brokerage Commissions    51
     22.24    Entire Agreement    52
     22.25    Joint and Several Liability    52

 

-iv-


TABLE OF CONTENTS

(Continued)

 

              Page

   

22.26

   Quiet Enjoyment    52
   

22.27

   Survival    52
   

22.28

   Recording    52
   

22.29

   Counterparts    52
   

22.30

   Agency, Partnership or Joint Venture    52
   

22.31

   INTENTIONALLY OMITTED    53
   

22.32

   Right of First Refusal    53
   

22.33

   Guarantor    53
   

22.34

   Master Lease    54

 

-v-


LEASE AGREEMENT

 

(1240 Crossman Street)

 

BASIC LEASE PROVISIONS

 

1.   

Effective Date:

   April 19, 2002
2.   

Landlord:

   NETWORK APPLIANCE, INC., a Delaware corporation
3.   

Landlords Address For Notice:

  

Network Appliance, Inc.

495 Java Drive

Sunnyvale, California 94089

Attention:      Mr. Thom Bryant

Telephone:    (408) 822-6175

Fax:               (408) 822-4411

4.   

Tenant:

   PalmSource, Inc., a Delaware corporation
5.   

Tenants Address For Notice:

  

PalmSource, Inc.

1240 Crossman Street

Sunnyvale, California                     

Attention: Doreen Yochum, Chief Administrative Officer

Telephone:                                     

Fax:                                                 

6.   

Project:

   All of the land (the Project Land) and the two (2) buildings thereon (one of which is the Building) totalling approximately 221,112 rentable square feet more particularly shown on Schedule 1 hereto.