Amendment No. 1 to Sublease Agreement between Wyse Technology Inc., Oplink Communications Inc., and Wyse Technology Investments Inc.

Summary

This amendment updates the sublease agreement between Wyse Technology Inc. (Sublessor), Oplink Communications Inc. (Sublessee), and Wyse Technology Investments Inc. (Landlord) by adding approximately 16,059 square feet of office space to the original premises, increasing the total leased area to about 77,523 square feet. The amendment sets new rent terms, including an increase in monthly rent and security deposit, and specifies that utilities and property taxes are included. The added space is accepted "as is," and the agreement continues until February 28, 2005, with a renewal option available.

EX-10.20 22 ex-10_20.txt EXHIBIT 10.20 Exhibit 10.20 AMENDMENT NO. 1 TO SUBLEASE AGREEMENT This amendment ("Amendment") is entered into this 14th day of April 2000 and modifies the Sublease Agreement by and between Wyse Technology Inc. (hereinafter "Sublessor") and Oplink Communications Inc. (hereinafter "Sublessee") and Wyse Technology Investments Inc. (hereinafter "Landlord") which is dated 29 February 2000. The provisions of this Amendment are intended to modify certain provisions of the Sublease. Where the provisions of the Amendment are specifically stated and differ from those in the Sublease, the provisions of the Amendment shall control. All other terms and conditions remain unchanged. For consideration of additional rent, covenants, agreements and conditions herein contained, Sublessor, Sublessee and the Landlord hereby agree as follows: 1. SUBLEASED PREMISES. The Sublease consists of certain premises which constitute approximately 62,023 square feet of the building located at 3475 North First St., San Jose, CA 95134 (hereinafter referred to as "Premises") which are a portion of the property ("Campus") which is the subject of that certain Lease dated March 19, 1993 (and as amended and restated) between Sublessor and Landlord. The amendment shall add the following space to the Premises: Approximately 16,059 square feet of the first floor of the building located at 3471 N. First St. San Jose, CA 95134. Hereafter, the term Premises shall be amended to include this additional space. Sublessor hereby subleases to Sublessee, and Sublessee hereby subleases from Sublessor, for the term and upon conditions herein after set forth, the added space as described above and as shown on the drawing attached hereto as Exhibit A and incorporated herein by this reference. The total Subleased Premises now contains approximately 77,523 rentable square feet. Landlord hereby provides his unqualified consent to this Amendment of the Sublease. 2. TERM. Subject to the terms and conditions set forth herein, the term of Amendment shall commence on or about April 14, 2000 (the "Commencement Date"), and shall terminate contemporaneously with the Sublease on February 28, 2005, except that it is understood and agreed by the Sublessee and the Sublessor that the right and interest of Sublessee under this Sublease are derivative of those of Sublessor under the Lease between Sublessor Landlord and not any greater than such rights and interest of Sublessor as to the Subleased Premises. 3. RENEWAL OPTION. The Renewal Option set forth in the Sublease also applies to the Amendment. 4. USE. Sublessee is permitted to use the Subleased Premises for office space only. 1. 5. RENT. (a) During the term of this Sublease, and commencing on the Commencement Date Sublessee covenants and agrees to pay to Sublessor $1.90 per rentable square foot (RSF) per month as Base Rate for the additional premises, without previous notice or demand. The monthly total monthly rent, therefore, will increase by the amount of $30, 512.10 from $108,540.25 to a combined total of $ 139052.35. The rent payment shall be delivered to Sublessor on or before the first day of each calendar month during the term of the sublease hereof, with the first such monthly installment to be paid upon the signature of the Sublease. (b) If the Commencement Date shall occur on a date other than the first day of a calendar month, Sublessee shall pay to Sublessor on the first day of the month next succeeding the Commencement Date a sum equal to one-thirtieth (1/30) of the months rent installment of the Base Rate set forth above, multiplied by the number of days of the calendar month in which the Commencement Date occurred. This pro-rata payment of the Base Rate for the portion of the month of the Commencement Date shall be in addition to the monthly installment of the Base Rate applicable to that month. (c) Increases to Base Rent. At the end of the 2nd year of the term, the rent for this additional space shall increase by 3%. The base rate shall then be $1.96 per RSF. Thereafter, the base rent shall remain unchanged for the balance of the term. (d) As security for Sublessee's faithful performance under the Sublease, Sublessee shall upon execution of the Sublease increase the sum of the security deposit by $ 30,512 (equaling one month's Base Rate) for security deposit. (e) The rent for the space added by this Amendment is "gross" in that utilities and property taxes are included. 6. CONDITION OF ADDED SPACE. Sublessee hereby agrees to accept the added space on an "as is", "as built" condition on the Commencement Date of the term of this Sublease, it being understood and agreed that Sublessor makes no warranties, express or implied, as to this space including by way of example, and not limitation, any warranties of suitability, fitness for purpose of use or habitability, except that Sublessor will make it available to Sublessee on or before 14 April 2000. 7. UTILITIES. Included in the Base Rent for the added space leased under this Amendment. 8. Each of the parties hereby represents that it has not obtained the services of a real estate broker or agent for the purposes of leasing the Subleased Premises and that 2. it will indemnify and hold harmless the other parties from such claims in the event that any other party established a right derived from such indemnifying party to receive commissions or any payment as a consequence of this Sublease. Any or all brokers fees are the subject of separate agreement(s) and Sublessee acknowledges that neither Sublessor or Landlord have any obligation thereunder for the payment of any fees whatsoever. In witness whereof, the parties hereto have caused this instrument to be executed in triplicate as of the date first written above. SUBLESSEE SUBLESSOR OPLINK COMMUNICATIONS INC. WYSE TECHNOLOGY INC. BY /s/ Joseph Liu BY: /s/ Douglas Chance -------------------------------- -------------------------------- Joseph Liu Douglas Chance - ---------------------------------- ----------------------------------- (Print or type name) (Print or type name) CEO President and CEO - ---------------------------------- ----------------------------------- (Title) (Title) 04/10/00 14 April 2000 - ---------------------------------- ----------------------------------- (Date) (Date) LANDLORD WYSE TECHNOLOGY INVESTMENTS INC. BY: /s/ Douglas Chance ------------------------------- Douglas Chance - ---------------------------------- (Print or type name) President - ---------------------------------- (Title) 14 April 2000 - ---------------------------------- (Date) 3. EXHIBIT A DRAWING OF ADDED SPACE, BUILDING THREE (attached) [FLOOR PLAN]