Second Amendment to Lease Agreement between Research Interchange One, L.P. and Testchip Technologies, Inc. for 9300 United Drive, Austin, TX
This amendment updates the lease agreement between Research Interchange One, L.P. (landlord) and Testchip Technologies, Inc. (tenant) for office space at 9300 United Drive, Suite 180, Austin, Texas. The amendment adjusts the monthly base rent due to the landlord spending less than the original improvement allowance. The new rent is $32,121 per month from June 1, 2001 to February 29, 2004, and $35,365 per month from March 1, 2004 to February 28, 2006. All other lease terms remain unchanged, and further rent adjustments may occur if additional expenses are paid by the landlord.
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EXHIBIT 10.19
SECOND AMENDMENT TO THE LEASE BETWEEN
Research Interchange One, L.P. as Landlord and
Testchip Technologies, Inc. as Tenant
For the Premises at 9300 United Drive, Suite 180, Austin, Texas
Dated November 17, 2000
This amendment to the Lease for the Premises at 9300 United Drive, Suite 180, Austin, Texas, dated November 17, 2000, (the "Lease") and amended by First Amendment on March 28, 2001 by and between Research Interchange One, L. P. a Texas Limited Partnership (the "Landlord"), and Testchip Technologies, Inc., (the "Tenant") is made and entered into between Landlord and Tenant as of the sixth day of June, 2001.
WITNESSETH
WHEREAS, expenses incurred by Landlord for the build-out of Tenant's improvements were less than the $703,920.00 Allowance called for in Exhibit G of the Lease.
WHEREAS, Landlord and Tenant desire to amend the Lease with respect to the Base Rental called for in Exhibit D of the Lease as a result of Landlord spending $13,930.01 less than the Allowance under the formula contained in Exhibit G for such purpose.
NOW THEREFORE, in consideration of the foregoing and the mutual promises and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Landlord and Tenant agree as follows:
1. Defined Terms. Unless otherwise defined herein, capitalized terms used herein and defined in the Lease shall be used herein as so defined in the Lease.
2. Amended Provisions. All terms and conditions of the Lease shall remain the same except that the Base Rental shall change for the months shown below:
| | New Monthly Base Rental | ||
|---|---|---|---|
| June 1, 2001 to February 29, 2004 | $ | 32,121.00 | |
| March 1, 2004 to February 28, 2006 | $ | 35,365.00 | |
3. Further Amendment. Should additional expenses applicable to Landlord's Allowance be paid by Landlord, further adjustments will be made under the adjustment provision of Exhibit G of the Lease.
(SIGNATURES ON FOLLOWING PAGE]
IN WITNESS WHEREOF, Landlord and Tenant have executed this amendment effective as of the date first written above.
LANDLORD | ||||||
Research Interchange One, L. P. | ||||||
By: | /s/ Brian F. Gaston | |||||
Print Name: | Brian F. Gaston | |||||
Print Title: | President | |||||
TENANT | ||||||
Testchip Technologies, Inc. | ||||||
By: | /s/ Martin Kaup | |||||
Print Name: | Martin Kaup | |||||
Print Title: | Assistant Controller | |||||
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