Extension Agreement to Lease between Spieker Properties, L.P. and Logic Vision, Inc. (101 Metro Drive, San Jose)

Summary

This agreement extends the lease between Spieker Properties, L.P. (landlord) and Logic Vision, Inc. (tenant) for the premises at 101 Metro Drive, Suite #300, San Jose, California, for an additional five years from April 1, 2000, to March 31, 2005. The agreement sets new annual base rent amounts, outlines operating expense payments, and provides a tenant improvement allowance. The security deposit is increased, and notices may be sent by overnight courier. The tenant accepts the premises "as is."

EX-10.6 9 0009.txt EXTENSION AGREEMENT DATED AS OF OCTOBER 1, 1993 Exhibit 10.6 EXTENSION AGREEMENT EXTENSION AGREEMENT dated January 17, 2000 to be attached to and form a part of the lease (which together with any amendments, modifications and extensions thereof is hereinafter called the "Lease'), dated August 13, 1998 between Spieker Properties, L.P., as Landlord, and Logic Vision, Inc., as Tenant, covering the premises known as 101 Metro Drive, Suite #300, in San Jose, California. Landlord and Tenant hereby agree that the term of the Lease is hereby renewed and extended for an additional term of five (5) years to commence on the first day of April, 2000, and to end on the 31st day of March, 2005, on condition that Landlord and Tenant comply with all the provisions of the covenants and agreements contained in the Lease, except: 1) Rental: Base Rent for the premises shall be: 4/l/2000 - 3/31/2001 $41,040.00 per month plus operating expenses per Paragraph 7 of the Lease. Operating expenses through December 31, 2000 are estimated to be $13,798.00 per month. Direct operating expenses are estimated a year in advance and collected on a monthly basis. Any adjustments necessary (up or down) will be made at the end of the operating year. 4/l/2001 - 3/31/2002 $43,093.00 per month plus operating expenses per Paragraph 7 of the Lease. 4/l/2002 - 3/31/2003 $45,247.00 per month plus operating expenses per Paragraph 7 of the Lease. 4/l/2003 - 3/31/2004 $47,510.00 per month plus operating expenses per Paragraph 7 of the Lease. 4/1/2004 - 3/31/2005 $49,885.00 per month plus operating expenses per Paragraph 7 of the Lease. 2) Term and Possession: Tenant accepts the premises in "as is" condition. 3) Renewal Tenant Landlord will provide a one-time Tenant Improvements: Improvement Allowance of $141,520.00, which will be made available to Tenant between January 1, 2002 and June 30, 2002. Landlord and Tenant shall coordinate to cause the Renewal Tenant Improvements to be completed, pursuant to the terms of Exhibit A attached hereto and made a part hereof. If Tenant performs mutually agreed upon Renewal Tenant Improvements between April 1, 2000 and December 31, 2001, Landlord will reimburse Tenant for the actual cost of the Improvements, up to the amount of the Tenant Improvement Allowance stated above on January 1, 2002 upon receipt of paid Renewal Tenant Improvement invoices. Notwithstanding the provisions of Exhibit A, attached hereto and made a part hereof, after June 30, 2002, the Renewal Tenant Improvements will no longer be completed at Landlord's cost and expense. 4) Security Deposit: Tenant's existing Security Deposit of $46,000.00 will increase effective April 1, 2000 by $145,052.00 for a total Security Deposit of $191,052.00. 5) Notices: Tenant or Landlord may send any notice as required by the Lease via Federal Express or similar overnight courier service in lieu of sending notice via United States certified or registered mail. IN WITNESS WHEREOF, the parties hereto have executed this Extension Agreement as of this ________ day of January, 2000. LANDLORD: SPIEKER PROPERTIES, L.P., California limited partnership By: Spieker Properties, Inc., a Maryland corporation By: /s/ John W. Petersen --------------------------- John W. Petersen Its: Vice President --------------------------- TENANT: LOGIC VISION, INC., a California corporation By: /s/ John H. Barnet --------------------------------- John Barnet Its: Vice President, Finance & CFO --------------------------------