Waiver Agreement to Void Right of First Offer in Lease between Balch LLC and Nexverse Networks, Inc.
Contract Categories:
Business Finance
›
Waiver Agreements
Summary
Balch LLC and Nexverse Networks, Inc. have agreed to void Paragraph 53 of their December 2001 lease, which granted Nexverse Networks a right of first offer to expand into additional space at 926 Rock Avenue, San Jose, CA. Nexverse Networks waives any rights under that paragraph. All other terms of the lease remain unchanged. Both parties have signed to confirm this agreement.
EX-10.27 34 f20950orexv10w27.htm EXHIBIT 10.27 exv10w27
Exhibit 10.27
| 30960 Huntwood Avenue | ||
| Hayward, CA 94544 | ||
| 510 ###-###-#### | ||
| FAX 510 ###-###-#### |
April 15, 2002
Mr. Gursharan S Sidhu
Mr. Ravinder P. Singh
Nexverse Networks, Inc.
926 Rock Avenue
San Jose, CA
Mr. Ravinder P. Singh
Nexverse Networks, Inc.
926 Rock Avenue
San Jose, CA
| RE: | Lease dated December 2001 by and between Balch LLC (“Lessor”) and Nexverse Networks, Inc. (“Lessee”) for a 24,747 square foot portion of 926 Rock Avenue, San Jose, CA (“Premises”) |
Gentlemen:
As discussed, this letter shall serve to confirm our agreement to void Paragraph 53 “Right of First Offer to Expand the Premises” of the above referenced Lease and Lessee agrees to waive its rights contained in Paragraph 53 of the Lease. Except as stated in this letter, the Lease will remain in full force and effect.
Please confirm your agreement by signing where indicated and return a signed original to us. This letter may be signed in counterparts.
Should you have any questions, please do not hesitate to call. Thank you for your cooperation.
Sincerely,
BALCH LLC | AGREED & ACCEPTED: | |||||
| /s/ Gursharan S. Sidhu | ||||||
| CFO & Vice President | ||||||
| Date: 5/2/2002 | ||||||
Jack W. Balch | /s/ Ravinder P. Singh | |||||
Member | Ravinder P. Singh | |||||
| Vice President Business Development | ||||||
MS/jal | Date: 5/2/2002 |
1.
