SIXTH AMENDMENT TO LEASE
(Towne Centre Plaza)
THIS SIXTH AMENDMENT TO LEASE (Sixth Amendment) is made and entered into as of the 1st day of May, 2015, by and between ARDEN REALTY LIMITED PARTNERSHIP, a Maryland limited partnership (Landlord) and LOANDEPOT.COM, LLC, a Delaware limited liability company, formerly known as loanDepot.com Lending, LLC (Tenant).
A. Landlord and Tenant entered into that certain Standard Office Lease dated as of March 10, 2011 (the Original Lease), as amended by that certain First Amendment to Lease dated as of September 7, 2012 (the First Amendment), and by that certain Second Amendment to Lease dated as of January 24, 2013 (the Second Amendment), and by that certain Third Amendment to Lease dated as of March 27, 2014 (the Third Amendment), and by that certain Fourth Amendment to Lease dated as of June 10, 2014 (the Fourth Amendment), and by that certain Fifth Amendment to Lease dated as of October 14, 2014 (the Fifth Amendment) whereby Tenant leases certain office space located in those certain buildings located and addressed at each of 26632 (the 26632 Building), 26642 (the 26642 Building), and 26672 (the 26672 Building) Towne Centre Drive, Foothill Ranch, California 92610, which 26632 Building, 26642 Building, and 26672 Building are part of that three-building development known as Towne Centre Plaza (the Development). The Original Lease, as amended by each of the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment, and the Fifth Amendment shall herein be referred to, collectively, as the Lease.
B. By this Sixth Amendment, Landlord and Tenant desire to extend the Term of the Lease and to otherwise modify the Lease as provided herein.
C. Unless otherwise defined herein, capitalized terms shall have the meanings given such terms in the Lease.
NOW, THEREFORE, in consideration of the foregoing recitals and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
1. Premises. Landlord and Tenant hereby acknowledge that Tenant currently leases from Landlord that certain office space in the Development consisting of a total of 131,267 rentable square feet (the Premises), which Premises are comprised of (i) a total of 9,865 rentable square feet located in the 26632 Building (collectively the 26632 Building Premises) consisting of (A) 6,318 rentable square feet known as Suite 200, and (B) 3,547 rentable square feet known as Suite 305; (ii) a total of 67,694 rentable square feet consisting of the entire 26642 Building (the 26642 Building Premises); and (iii) a total of 53,708 rentable square feet in the 26672 Building (collectively, the 26672 Building Premises) consisting of (A) 6,515 rentable square feet known as Suite 100, (B) 9,200 rentable square feet known as Suite 125, (C) 5,317 rentable square feet known as Suite 150, (D) 23,464 rentable square feet consisting of the entire second (2nd) floor and known as Suite 200, (E) 3,508 rentable square feet known as Suite 300, (F) 2,395 rentable square feet known as Suite 305, and (G) 3,309 rentable square feet known as Suite 310.
2. Extended Term. The Expiration Date of the Lease is hereby extended such that the Lease shall terminate on July 31, 2023 (the New Expiration Date). The period from August 1, 2016 through the New Expiration Date specified above, shall be referred to herein as the Extended Term.
3. Basic Rental. Notwithstanding anything to the contrary in the Lease, but subject to any offset rights Tenant may have under Section 9(a) of the Original Lease or Section 7.2(e) below, during the Extended Term, Tenant shall pay, in accordance with the provisions of this Section 3 and subject to abatement pursuant to Section 4 below, monthly Basic Rental for the entire Premises as follows: