seamless migration of legacy networks to IP
EX-10.29 36 f20950orexv10w29.htm EXHIBIT 10.29 exv10w29
Exhibit 10.29
SECOND AMENDMENT TO INDUSTRIAL LEASE AGREEMENT
This Second Amendment dated April 7, 2005, to that certain Lease dated December 2001 by and between Balch LLC, a California Limited Liability Company (Lessor) and Veraz Networks, Inc., a Delaware Corporation (Lessee), formerly known as NexVerse Networks, Inc., a Delaware Corporation.
RECITALS
WHEREAS, Lessee leases a 24,747 ± square foot portion of a 46,430 ± square foot building known as 926 Rock Avenue, San Jose, CA, as shown on Exhibit A, attached hereto and made a part hereof.
WHEREAS, the original term of this Lease commenced on November 19, 2001, and ended on April 30, 2004. The Lease was extended by the First Amendment dated January 18, 2004 for eight months beginning on March 1, 2004 and ending on October 31, 2005. Tenant now wishes to extend the Lease term for three (3) years beginning on November 1, 2005 and ending on October 31, 2008.
NOW THEREFORE, THE PARTIES HERETO AGREE AS FOLLOWS
1. | The term of this Lease for 926 Rock Avenue shall be extended commencing November 1, 2005 and expiring on October 31, 2008. | |
2. | Effective November 1, 2005, the monthly rent shall be as follows: | |
November 1, 2005 October 31, 2006 $17,075.43 per month ($0.69 sq. ft.) NNN. November 1, 2006 October 31, 2007 $17,817.84 per month ($0.72 sq. ft.) NNN. November 1, 2007 October 31, 2008 $18,560.25 per month ($0.75 sq. ft.) NNN. | ||
3. | The current Security Deposit held by Balch LLC is $17,075.43. The Security Deposit shall be increased to $18,560.25; the difference of $1,484.82 shall be paid to the Lessor on or before November 1, 2005. | |
4. | Lessor has assigned ninety-eight (98)-parking stalls to the Lessee as shown on Exhibit B, attached hereto and made a part hereof. | |
5. | This Agreement is contingent upon the property Lenders approval of the terms and conditions herein. |
Except as stated above, all other terms and conditions of the Lease shall remain in full force and effect.
Mutually Accepted:
Mutually Accepted:
LESSOR: | LESSEE: | |||||||||
BALCH LLC | VERAZ NETWORKS, INC. | |||||||||
BY: | /s/ Jack W. Balch | By: | /s/ Allen Morton | |||||||
Jack W. Balch | Allen Morton | |||||||||
Title: Managing Member | Title: CFO | |||||||||
Date: 4/18/05 | By: | /s/ Doug Sabella | ||||||||
Doug Sabella | ||||||||||
30960 Huntwood Avenue | Title: CEO, President | |||||||||
(510)  ###-###-#### | ||||||||||
Date: 4/14/05 |
Exhibit A
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Exhibit B
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