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Title: |
Lease Agreement |
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Entities: |
Network Appliance, Inc.; PalmSource, Inc.; Network Appliance, Inc.; Palmsource Inc |
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Date: |
2003 |
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Size: |
248KB total |
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Price: |
$73 |
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ID: |
#131668 |
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Start of Preview |
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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. | ||