First Amendment to Industrial Space Lease, dated as of August 16, 2017, by and among Corsair Memory, Inc. and Osprey Capital Building 50, LLC
Exhibit 10.18
CORSAIR FIRST AMENDMENT TO LEASE
THIS FIRST AMENDMENT TO LEASE ("Amendment") dated for reference purposes as of August 16, 2017, is made to that Industrial Space Lease dated as of August 18, 2014, (the "Lease") by and between Osprey Capital Building 50, LLC a California limited liability company ("Landlord"), and Corsair Memory, Inc., a Delaware corporation ("Tenant") for the lease of space located at 47100 Bayside Parkway, Fremont, California (the "Leased Premises"). The parties hereto agree that the Lease is amended, changed and modified by the following provisions, which are hereby added to the Lease:
Unless otherwise expressly provided herein, all terms which are given a special definition by the Lease that are used herein are intended to be used with the definition given to them by the Lease. The provisions of the Lease shall remain in full force and effect except as specifically amended hereby. In the event of any inconsistency between the Lease and this Amendment, the terms of this Amendment shall prevail.
I.IP. Base Monthly Rent: The Base Monthly Rent shall be increased from and after June 1, 2017, to partially reimburse Landlord for installation of certain HVAC equipment as follows:
| January 1, 2015 |
| through |
| March 31, 2015 |
| No Base Monthly Rent (unchanged) |
| April 1, 2015 |
| through |
| December 31, 2015 |
| $61,454.00 (unchanged) |
| January 1, 2016 |
| through |
| December 31, 2016 |
| $61,454.00 (unchanged) |
| January 1, 2017 |
| through |
| May 31, 2017 |
| $63,300.00 (unchanged) |
| June 1,2017 |
| through |
| December 31, 2017 |
| $67,453.00 |
| January 1, 2018 |
| through |
| December 31, 2018 |
| $69,353.00 |
| January 1, 2019 |
| through |
| December 31, 2019 |
| $71,353.00 |
| January I, 2020 |
| through |
| December 31, 2020 |
| $73,353.00 |
| January I, 2021 |
| through |
| December 31, 2021 |
| $75,403.00 |
| January I, 2022 |
| through |
| March 31, 2022 |
| $77,533.00 |
IN WITNESS WHEREOF, Landlord and Tenant have executed this Amendment To Lease with the intent to be legally bound thereby, to be effective as of the date the second party signs this Amendment To Lease.
| AS LANDLORD: |
| AS TENANT: |
| Osprey Capital Building 50, LLC |
| Corsair Memory, Inc. |
| a California limited liability company |
| a Delaware corporation |
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| By: Riverside Interests, Inc. |
| By: /s/Carina M. Tan |
| Managing Member. |
|
|
| By: /s/William N. Neidig |
| Title: VP & General Counsel |
| William N. Neidig |
|
|
| President |
| By:_____________________ |
|
|
|
|
|
|
| Title: ___________________ |
|
|
|
|
| Dated: August 28, 2017 |
| Dated: August 28, 2017 |
Amendment To Lease
Page2
LEASE GUARANTY
CONSENT
As a material inducement to and in consideration of Osprey Capital Building 50, LLC, a California limited liability company ("Landlord") entering into a lease (the "Lease") dated for reference purposes as of August 18, 2014, with Corsair Memory, Inc., a Delaware corporation ("Tenant") for the lease of those certain premises commonly described as 47100 Bayside Parkway, Fremont, California (the "Leased Premises"), the undersigned, Corsair Components (Cayman) LTD., a Cayman Islands exempt company with limited liability ("Guarantor") hereby covenants and agrees with Landlord as follows:
Attached hereto is the First Amendment To Lease dated for reference purposes as of August 16, 2017. The Base Monthly Rent under the terms of the Lease has been increased to partially compensate Landlord for installation of certain HVAC equipment. Guarantor acknowledges and approves the Amendment and agrees that its guaranty includes the terms of the Amendment.
As Guarantor:
Corsair Components (Cayman) Ltd.
A Cayman Islands corporation
By: /s/ Carina M. Tan
Title: VP & General Counsel
By: ________________________
Title: ______________________
Date: August 28, 2017
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