SIXTH AMENDMENT TO LEASE
THIS SIXTH AMENDMENT TO LEASE (this Sixth Amendment), dated October 27, 2017 for reference purposes only, is entered into by and between DP 1550 BRYANT, LLC, a Delaware limited liability company (Landlord), and ASANA, INC., a Delaware corporation (Tenant).
This Sixth Amendment is entered into upon the basis of, and with reference to, the following facts, understandings and intentions of the parties:
A. Pursuant to that certain Office Lease dated May 27, 2011 (the Original Lease) originally between AE-Hamms Property Owner, LLC and then its successor-in-interest ALCION 1550 Bryant Venture LP (collectively Original Lessor), as landlord and Tenant, as tenant, which Original Lease has been amended by that certain First Amendment to Lease, dated October 31, 2012 (the First Amendment), that certain Second Amendment to Lease, dated October 29, 2013 (the Second Amendment), that certain Third Amendment to Lease, dated November 13, 2013 (the Third Amendment, that certain Fourth Amendment to Lease, dated April 16, 2015 (the Fourth Amendment), and that certain Fifth Amendment to Lease, dated January _ [date not specified], 2017; the Original Lease, First Amendment, Second Amendment, Third Amendment, Fourth Amendment and Fifth Amendment being collectively referred to herein as the Lease or the Office Lease), Landlord, as successor-in-interest to Original Lessor, is leasing to Tenant, and Tenant is leasing from Landlord, for a term expiring on February 28, 2019 (subject to term extension rights as provided in Lease) the following premises in the building commonly known as 1550 Bryant Street, San Francisco, California (the Building): (i) the Suite 925 Premises, (ii) the Suite 900 Premises, (iii) the Suite 800 Premises, (iv) the Suite 800 Expansion Premises, (v) the Suite 300 Premises, (vi) the Suite 350 Premises and (vii) the 10th Floor Premises; which collectively consist of approximately 58,343 rentable square feet, and are collectively referred to herein as the Premises.
B. Except as expressly provided in this Sixth Amendment to the contrary, capitalized terms that are defined in the Lease shall have the same meanings when used in this Sixth Amendment.
C. Landlord and Tenant now desire to enter into this Sixth Amendment to memorialize their agreement to extend the Term of the Lease; and in connection therewith to modify certain other terms and conditions of the Lease, all as further described in this Sixth Amendment.
NOW, THEREFORE, for good and valuable consideration, including the mutual covenants contained in the Lease and in this Sixth Amendment, Landlord and Tenant hereby agree as follows:
1. Term Extension. The Term of the Lease is hereby extended to 11:59 pm on October 31, 2021 (which date shall be the new Termination Date of the Lease).
2. Rent Payments.
a. Base Rent. Prior to March 1, 2019, Tenant shall continue to pay Base Rent in respect of the Premises in the amounts and in the manner specified in the Lease. From and after March 1, 2019, Tenant shall pay Base Rent in respect of the Premises in the amounts and for the periods of time set forth below, but otherwise on the same terms as set forth in the Lease: