Notice of Discontinuation of Lease Cancellation Provision by Canopy Properties to Altiris, Inc.
Canopy Properties, Inc. has notified Altiris, Inc. that, pursuant to their lease agreement, the landlord is discontinuing Altiris's right to cancel the lease under Paragraph 41. This action is taken because Canopy's ownership interest in Altiris has dropped below 25%, now being less than 10%. The letter confirms the change in lease terms and expresses appreciation for Altiris as a tenant.
Exhibit 10.6G
| Canopy Properties, Inc. | 333 South 520 West, Lindon, Utah 84042 | |
| ###-###-#### |
May 12, 2004
Steve Erickson, CFO
Altiris, Inc.
588 West 400 South
Lindon, Utah 84042
Re: Altiris/Canopy Lease
Dear Steve:
As you know, your lease with The Canopy Group, Inc. (“Canopy”) provides at Paragraph 41 that under certain circumstances, you as a Tenant may cancel the Lease. That Paragraph 41 also provides that if Canopy’s “interest in Tenant falls below 25%, then Landlord shall have the right to discontinue this lease cancellation provision.” As Canopy now owns less than 10% of Altiris, we have elected to cancel said Lease cancellation provision, and hereby notify you of that decision.
We certainly value you as an exceptional Tenant and appreciate your continuing tenancy, and we look forward to our ongoing relationship.
If you have any questions regarding the foregoing, please feel free to contact me.
| Sincerely, |
| CANOPY PROPERTIES, INC. |
| /s/ Boyd Worthington |
| Boyd Worthington |
| VP, Real Estate Development |
