Office Lease Agreement between CA-Parkside Towers Limited Partnership and QuinStreet, Inc.
This agreement is a six-year office lease between CA-Parkside Towers Limited Partnership (landlord) and QuinStreet, Inc. (tenant) for suite 800 on the eighth floor of the East Tower at Parkside Towers in Foster City, California. The lease covers 35,435 square feet, with specified base rent rates, a three-month rent abatement if the tenant is not in default, and a security deposit of $177,175. The lease begins on October 15, 2003, and ends on October 14, 2009. The space is for general office use, and the tenant is responsible for a share of building expenses and taxes.
FOSTER CITY, CALIFORNIA
(LANDLORD)
(TENANT)
1.01 | Building shall collectively mean the buildings and retail concourse in Foster City, California, located at 1001 East Hillsdale Boulevard (the West Tower), 1031 A-F East Hillsdale Boulevard (the Retail Concourse), and 1051 East Hillsdale Boulevard (the East Tower). Rentable Square Footage of the Building is deemed to be 398,460 square feet based upon the combined rentable area of the West Tower, the Retail Concourse and the East Tower. | ||
1.02 | Premises shall mean the area shown on Exhibit A to this Lease. The Premises is located on the eighth floor of the East Tower and known as suite 800. If the Premises include one or more floors in their entirety, all corridors and restroom facilities located on such full floor(s) shall be considered part of the Premises. The Rentable Square Footage of the Premises is deemed to be 35,435 square feet. Landlord and Tenant stipulate and agree that the Rentable Square Footage of the Building and the Rentable Square Footage of the Premises are correct. | ||
1.03 | Base Rent: |
Annual Rate | Monthly | |||||||
Months of Term | Per Square Foot | Base Rent | ||||||
1 - 12 | $ | 22.80 | $ | 67,326.50 | ||||
13 - 24 | $ | 24.60 | $ | 72,641.75 | ||||
25 - 36 | $ | 26.40 | $ | 77,957.00 | ||||
37 - 48 | $ | 27.60 | $ | 81,500.50 | ||||
49 - 60 | $ | 28.80 | $ | 85,044.00 | ||||
61 - 72 | $ | 30.00 | $ | 88,587.50 |
Notwithstanding anything in this Section of the Lease to the contrary, so long as Tenant is not in default under this Lease, Tenant shall be entitled to an abatement of Base Rent in the amount of $67,326.50 per month for three consecutive full calendar months of the Term, beginning with the first full calendar month of the Term (the Base Rent Abatement Period). The total amount of Base Rent abated during the Base Rent Abatement Period shall equal $201,979.50 (the Abated Base Rent). If Tenant defaults at any time during the Term and fails to cure such default within any applicable cure period under the Lease, all Abated Base Rent shall immediately become due and payable. The payment by Tenant of the Abated Base Rent in the event of a default shall not limit or affect any of Landlords other rights, pursuant to this Lease or at law or in equity. During the Base Rent Abatement Period, only Base Rent shall be abated, and all Additional Rent and other costs and charges specified in this Lease shall remain as due and payable pursuant to the provisions of this Lease. | |||
1.04 | Tenants Pro Rata Share: 8.8930%. For purposes of determining Tenants Pro Rata Share, and as used throughout Exhibit B of this Lease, the Building shall mean, collectively, the West Tower, the Retail Concourse and the East Tower, it being understood and agreed that all of the foregoing buildings, collectively, are treated as a single building for purposes of obtaining or providing services or otherwise determining Expenses and/or Taxes. In calculating Tenants Pro Rata Share of Expenses and/or Taxes with respect to the Premises, the Rentable Square Footage of the Building described in Section 1.01 above reflects the combined rentable area in the foregoing buildings, collectively, and Tenants Pro Rata Share with respect to the Premises, as described above, is based upon the foregoing Rentable Square Footage of the Building. However, notwithstanding the foregoing, if one or more buildings are removed from the group of buildings comprising the Building, as described above in this Section, whether as a result of a sale or demolition of the building(s) or otherwise, or if one or more buildings owned by Landlord are added to the group of buildings comprising the Building, as |
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described above in this Section, then the definition of Building and the Rentable Square Footage of the Building, as described in this Section 1, and Tenants Pro Rata Share with respect to the Premises, shall be appropriately modified or adjusted to reflect the deletion or addition of such buildings, and, if Tenants Pro Rata Share of Expenses and/or Taxes with respect to the Premises is based upon increases in Expenses and/or Taxes over a Base Year, then Expenses and/or Taxes for the Base Year shall be restated on a going forward basis effective as of the date such buildings are deleted or added to the definition of Building as described in this Section. |
1.05 | Base Year for Taxes (defined in Exhibit B): 2004; Base Year for Expenses (defined in Exhibit B): 2004. | ||
1.06 | Term: A period of 72 months. Subject to Section 3, the Term shall commence on October 15, 2003 (the Commencement Date) and, unless terminated early in accordance with this Lease, end on October 14, 2009 (the Termination Date). | ||
1.07 | [Intentionally Omitted.] | ||
1.08 | Security Deposit: $177,175.00, as more fully described in Section 6. | ||
1.09 | Guarantor(s): None. | ||
1.10 | Broker(s): Wayne Mascia Associates. | ||
1.11 | Permitted Use: General office use. | ||
1.12 | Notice Address(es): |
Landlord: | Tenant: | ||
CA-Parkside Towers Limited Partnership | Prior to Commencement Date: | ||
c/o Equity Office Management, L.L.C. | 301 Constitution Drive | ||
725 Saginaw Drive | Menlo Park, CA 94025 | ||
Redwood City, California 94063 | Attn: Michael McDonough | ||
Attention: Property Manager | |||
Following the Commencement Date: | |||
1051 East Hillsdale Boulevard | |||
Suite 800 | |||
Foster City, CA 94404 | |||
Attn: Michael McDonough |
A copy of any notices to Landlord shall be sent to Equity Office, Two North Riverside Plaza, Suite 2100, Chicago, Illinois, 60606, Attn: San Francisco Regional Counsel. | |||
1.13 | Business Day(s) are Monday through Friday of each week, exclusive of New Years Day, Presidents Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Christmas Day (Holidays). Landlord may designate additional Holidays that are commonly recognized by other office buildings in the area where the Building is located. Building Service Hours are 6:00 a.m. to 6:00 p.m. on Business Days. | ||
1.14 | Landlord Work means the work that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the Work Letter) attached to this Lease as Exhibit C. | ||
1.15 | Property means the Building and the parcel(s) of land on which it is located and, at Landlords discretion, the parking facilities and other improvements, if any, serving the Building and the parcel(s) of land on which they are located. |
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(a) | Terminate this Lease and Tenants right to possession of the Premises and recover from Tenant an award of damages equal to the sum of the following: |
(i) | The Worth at the Time of Award of the unpaid Rent which had been earned at the time of termination; | ||
(ii) | The Worth at the Time of Award of the amount by which the unpaid Rent which would have been earned after termination until the time of award exceeds the amount of such Rent loss that Tenant affirmatively proves could have been reasonably avoided; | ||
(iii) | The Worth at the Time of Award of the amount by which the unpaid Rent for the balance of the Term after the time of award exceeds the amount of such Rent loss that Tenant affirmatively proves could be reasonably avoided; | ||
(iv) | Any other amount necessary to compensate Landlord for all the detriment either proximately caused by Tenants failure to perform Tenants obligations under this Lease or which in the ordinary course of things would be likely to result therefrom; and |
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(v) | All such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time under applicable law. |
The Worth at the Time of Award of the amounts referred to in parts (i) and (ii) above, shall be computed by allowing interest at the lesser of a per annum rate equal to: (A) the greatest per annum rate of interest permitted from time to time under applicable law, or (B) the Prime Rate plus 5%. For purposes hereof, the Prime Rate shall be the per annum interest rate publicly announced as its prime or base rate by a federally insured bank selected by Landlord in the State of California. The Worth at the Time of Award of the amount referred to in part (iii), above, shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%; | |||
(b) | Employ the remedy described in California Civil Code § 1951.4 (Landlord may continue this Lease in effect after Tenants breach and abandonment and recover Rent as it becomes due, if Tenant has the right to sublet or assign, subject only to reasonable limitations); or | ||
(c) | Notwithstanding Landlords exercise of the remedy described in California Civil Code § 1951.4 in respect of an event or events of default, at such time thereafter as Landlord may elect in writing, to terminate this Lease and Tenants right to possession of the Premises and recover an award of damages as provided above in Paragraph 19.01 (a). |
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LANDLORD: | ||
CA-PARKSIDE TOWERS LIMITED PARTNERSHIP, a Delaware limited partnership | ||
By: EOM GP, L.L.C., a Delaware limited liability company, | ||
its general partner | ||
By: Equity Office Management, L.L.C., a Delaware | ||
limited liability company, its non-member manager |
By: | /s/ Mark Geisreiter | |||
Name: | Mark Geisreiter | |||
Title: | Senior Vice President - San Francisco Region | |||
TENANT: QUINSTREET, INC., a California corporation | ||||
By: | /s/ Douglas J. Valenti | |||
Name: | Douglas J. Valenti | |||
Title: | President & CEO | |||
By: | /s/ Bronwyn Syiek | |||
Name: | Bronwyn Syiek | |||
Title: | SVP & General Manager | |||
77-0512121 | ||
Tenants Tax ID Number (SSN or FEIN) |
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(a) | Sums (other than management fees, it being agreed that the management fees included in Expenses are as described in Section 2.01(b) above) paid to subsidiaries or other affiliates of Landlord for services on or to the Property, Building and/or Premises, but only to the extent that the costs of such services exceed the competitive cost for such services rendered by persons or entities of similar skill, competence and experience. | ||
(b) | Any fines, penalties or interest resulting from the negligence or willful misconduct of the Landlord or its agents, contractors, or employees. | ||
(c) | Advertising and promotional expenditures. | ||
(d) | Landlords charitable and political contributions. | ||
(e) | Ground lease rental. | ||
(f) | Attorneys fees and other expenses incurred in connection with negotiations or disputes with prospective tenants or tenants or other occupants of the Building. | ||
(g) | The cost or expense of any services or benefits provided generally to other tenants in the Building and not provided or available to Tenant. | ||
(h) | All costs of purchasing or leasing major sculptures, paintings or other major works or objects of art (as opposed to decorations purchased or leased by Landlord for display in the Common Areas of the Building). | ||
(i) | Any expenses for which Landlord has received actual reimbursement (other than through Expenses). | ||
(j) | Expenses for the replacement of any item covered under warranty, unless Landlord has not received payment under such warranty and it would not be fiscally prudent to pursue legal action to collect on such warranty. | ||
(k) | Fines or penalties incurred as a result of violation by Landlord of any applicable Laws. |
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1. | Landlord shall perform improvements to the Premises in accordance with the plans prepared by API Design, Inc. dated May 28, 2003 (the Plans), which are attached hereto as Exhibit C-1. The improvements to be performed by Landlord in accordance with the Plans are hereinafter referred to as the Landlord Work. It is agreed that construction of the Landlord Work will be completed at Landlords sole cost and expense (subject to the terms of Section 2 below) using Building standard methods, materials and finishes, which standards are attached hereto as Exhibit C-2. If any finishes or materials specified in the Landlord Work are or become unavailable or have long lead times that would delay Landlords completion of the Landlord Work, Landlord and Tenant shall work together in good faith to select alternative finishes or materials to allow Landlord to complete the Landlord Work in a timely manner. Landlord shall enter into a direct contract for the Landlord Work with Venture Builders as general contractor. In addition, Landlord shall have the right to select and/or approve of any subcontractors used in connection with the Landlord Work. Landlords supervision or performance of any work for or on behalf of Tenant shall not be deemed a representation by Landlord that such Plans or the revisions thereto comply with applicable insurance requirements, building codes, ordinances, laws or regulations, or that the improvements constructed in accordance with the Plans and any revisions thereto will be adequate for Tenants use, it being agreed that Tenant shall be responsible for all elements of the design of Tenants plans (including, without limitation, compliance with law, functionality of design, the structural integrity of the design, the configuration of the premises and the placement of Tenants furniture, appliances and equipment). |
2. | If Tenant shall request any revisions to the Plans, Landlord shall have such revisions prepared at Tenants sole cost and expense and Tenant shall reimburse Landlord for the cost of preparing any such revisions to the Plans, plus any applicable state sales or use tax thereon, upon demand. Promptly upon completion of the revisions, Landlord shall notify Tenant in writing of the increased cost in the Landlord Work, if any, resulting from such revisions to the Plans. Tenant, within one Business Day, shall notify Landlord in writing whether it desires to proceed with such revisions. In the absence of such written authorization, Landlord shall have the option to continue work on the Premises disregarding the requested revision. Tenant shall be responsible for any Tenant Delay in completion of the Premises resulting from any revision to the Plans. . If such revisions result in an increase in the cost of Landlord Work, such increased costs, plus any applicable state sales or use tax thereon, shall be payable by Tenant upon demand. Notwithstanding anything herein to the contrary, all revisions to the Plans shall be subject to the approval of Landlord. |
3. | In addition to the Landlord Work, Landlord shall construct a shower facility on the 5th floor of the East Tower, as more fully described in those certain Plans prepared by API Design, Inc. dated May 13, 2003 (the Shower Facility) at Landlords sole cost and expense using Building Standard methods, materials and finishes. Landlord shall enter into a direct contract for the Landlord Work with Venture Builders as general contractor. In addition, Landlord shall have the right to select and/or approve of any subcontractors used in connection with the Landlord Work. Landlord shall use reasonable efforts to complete the Shower Facility by November 1, 2003, but any delay in the completion of the Shower Facility or inconvenience suffered by Tenant during the construction of the Shower Facility shall not delay the Commencement Date nor shall it subject Landlord to any liability for any loss or damage resulting therefrom or entitle Tenant to any credit, abatement or adjustment of Rent or other sums payable under the Lease. |
4. | This Work Letter shall not be deemed applicable to any additional space added to the Premises at any time or from time to time, whether by any options under the Lease or otherwise, or to any portion of the original Premises or any additions to the Premises in the event of a renewal or extension of the original Term of the Lease, whether by any options under the Lease or otherwise, unless expressly so provided in the Lease or any amendment or supplement to the Lease. |
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C1 | CARPET | MFG: | BIGELOW | PAINT | MFG: | ICI | ||||||||
STYLE: | CYBERWEAVE | P1 | GENERAL | COLOR: | SWISS COFFEE | |||||||||
COLOR: | SILVER MOSS | NUMBER: | 2012 | |||||||||||
NUMBER: | W019-3770 | |||||||||||||
C2 | CARPET | MFG: | BIGELOW | PAINT | MFG: | ICI | ||||||||
STYLE: | CAMDEN | P2 | ACCENT | COLOR: | AMISH LINEN | |||||||||
COLOR: | EARTH MNERAL | NUMBER: | 563 | |||||||||||
NUMBER: | ###-###-#### | |||||||||||||
C2 | CARPET | MFG: | BIGELOW | MFG: | ICI | |||||||||
STYLE: | SPECTRUM II | PAINT | COLOR: | ABBEY CREAM | ||||||||||
COLOR: | FAWN | P3 | ACCENT | NUMBER: | 484 | |||||||||
NUMBER: | B5117-862 | |||||||||||||
WEIGHT: | 36 OZ. | |||||||||||||
RT1 | MFG: | ARMSTRONG | MFG: | NEVAMAR | ||||||||||
RESILIENT | STYLE: | STONETEX EXCELON | LP1 | LAMINATED | STYLE: | TEMPERA TEXTURED | ||||||||
TILE | COLOR: | SANDSTONE TAN | PLASTIC | COLOR: | OCHRE | |||||||||
NUMBER: | 52143 | NUMBER: | TM2IT | |||||||||||
SIZE: | 12 X 12 | |||||||||||||
RB1 | MFG: | BURKE | MFG: | NEVAMAR | ||||||||||
RESILIENT | STYLE: | 4 TOPSET | LP2 | LAMINATED | STYLE: | SHIBORI TEXTURED | ||||||||
BASE | COLOR: | BEIGE | PLASTIC | COLOR: | MAIZE | |||||||||
NUMBER: | 203 | NUMBER: | SH22T |
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BUILDING STANDARDS
Ms. Carol Donnelly | ||||
Equity Office Properties | ![]() | |||
2929 Campus Drive, Suite 125 | ||||
San Mateo, CA 94403 | ||||
Project: | QuinStreet | |||
1051 East Hillsdale Boulevard, Suite 800 | ||||
Foster City, CA 94404 | ||||
Re: | Budget Price (revision # 3) |
1. | Price includes: |
a) | One time lobby/elevator protection | ||
b) | Barricades/Traffic control | ||
c) | General Labor | ||
d) | Concrete pad on roof. |
1. | Price includes: |
a) | All millwork is figured to be plastic laminate. | ||
b) | Break Room Upper and lower cabinets with countertop. | ||
c) | Coffee Bar Upper and lower cabinets with countertop. | ||
d) | Copy/mail/Storage upper and lower cabinets with countertop. | ||
e) | Phone Room counters |
1. | Price includes: |
a) | All wood doors to be flush plain sliced white maple with a clear finish. |
b) | (37) each 3 x 9 non rated office doors in factory finished aluminum frames. |
2. | Price excludes: |
a) | Micro-key hardware. | ||
b) | Any work to core and shell doors shown as existing. | ||
c) | Keying | ||
d) | Grouting of frames. | ||
e) | Glass and glazing. | ||
f) | Rated assemblies |
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1. | Price includes: |
a) | (15) each ¼ clear tempered 3 glass at office sidelights. | ||
b) | (7) each ¼ clear tempered 1 glass at office sidelights. |
c) | Install roll-in gasketing supplied by others. |
2. | Price excludes: |
a) | Rated glass |
1. | Price includes: |
a) | All walls around core area that are exposed to open office are to be full height non-rated walls.. | ||
b) | All walls inside core area are to be ceiling height plus 6 with insulation laid over the top for sound dampening. | ||
c) | In wall insulation at conference rooms only. | ||
d) | All perimeter low sill walls up to 38 to be framed rocked and finished. | ||
e) | All perimeter over head sill wall to be framed, rocked and finished to hold window blinds. | ||
f) | Soffits up to deck at break rooms Copy/Mail/Storage and Coffee Bar. | ||
g) | Frame rock and tape all columns to full height. | ||
h) | Rear and adjoining sidewalls in the phone and conference rooms will be 3 5/8 studs filled with 3 1/2 insulation batts for sound containment. |
2. | Price excludes: |
a) | Fire extinguisher cabinets (not shown). | ||
b) | Access panels. | ||
c) | Fire stopping at penetrations (walls are non rated). | ||
d) | Upgrades to existing construction. |
1. | Price includes: |
a) | Acoustical ceiling grid and tile throughout entire core areas (Conf Rooms, Copy Rooms, Meeting Rooms, Storage, Break Rooms) | ||
b) | Server Room to have a dropped 2x4 grid with fissured tiles. | ||
c) | Tile to be Armstrong, White 2x2 Dune second look with a 9/16 reveal. | ||
d) | The grid is a 9/16 expose tee suspension system in white. | ||
e) | All open office to have white PAPER covering to underside of existing insulation with stick pin installation*. |
* | Landlord has asked the installing contractor to do a mockup of the proposed ceiling installation to review with all parties. Until that time, Landlord is willing to commit to providing a insulation covering that is mutually agreeable for both the customer and the Landlord, which Landlord believes the specified paper covering can achieve. Parties agree that a professional/clean installation and aesthetical appearance is necessary to complete the space in a first class fashion, for the benefit of Quinstreet and future customers seeking space within the project. In the event it does not meet with both parties approval, we will identify a suitable covering to achieve both parties desired results. |
1. | Price includes: |
a) | All carpeting, VCT and base. | ||
b) | Floor preparation as required. | ||
c) | Server room (only) floor to have anti-static floor tiles installed | ||
NOTE: | |||
a) | Carpeting being carried is Mohawk standard carpet. | ||
b) | VCT is Armstrong Excelon. |
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1. | Price includes: |
a) | Paint all partitions as scheduled (see Drywall scope). | ||
b) | Base coat and two finish coats. | ||
c) | Touch up. | ||
d) | Walls to be smooth finish |
1. | Price includes: |
a) | Levolor 1 perforated blinds. |
1. | Price includes: |
a) | (1) sink and faucet each for Break Room and Coffee Bar. |
b) | (1) water cooler supply for Break Room. |
c) | (1) coffee maker outlet each for Break Room and Coffee Bar. | ||
d) | (1) dishwasher supply for Break Room. | ||
e) | (2) condensate drains for HVAC units at Server Room. | ||
f) | Core drilling | ||
g) | (1) Dishwasher. | ||
h) | (1) Garbage disposal |
1. | Price includes: |
a) | All design-build sprinkler engineering, fabrication and installation. |
2. | Price excludes: |
a) | Special detection systems. | ||
b) | Low voltage wiring. |
1. | Price includes: |
a) | Install duct mains | ||
b) | Install hot water supply/return mains and distribution. | ||
c) | (15) perimeter reheat VAV zones | ||
d) | (19) cooling only interior VAV zones | ||
e) | Exposed ductwork | ||
f) | Transfer fan from break room | ||
g) | Install (2) 3 ton chilled water fan coils | ||
h) | Chilled water piping | ||
i) | Start up | ||
J) | DDC controls | ||
k) | Air balance. | ||
I) | Engineering and Coordination. |
a) | Electrical wiring. | ||
b) | Relocation of existing conditions. | ||
c) | Cutting, coring, and roofing. | ||
d) | Duct detectors. | ||
e) | Smoke detectors. | ||
f) | Concrete pad on roof. |
a) | (108) 2 x 4s | ||
b) | (10) downlights | ||
c) | (7) undercoutner lights | ||
d) | (11) exit signs | ||
e) | (30) emergency lights | ||
f) | (40) 2 gang switch/motion sensor | ||
g) | (86) wall receptacles | ||
h) | (11) 120/20 dedicated |
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i) | (20) floor power | ||
j) | (20) floor telephone | ||
k) | (40) furniture power | ||
l) | (40) furniture telephone | ||
m) | (4) 3 way switches | ||
n) | (13) single switches | ||
o) | (1) exhaust fan | ||
p) | (20) wall sconces | ||
q) | (8) override switches | ||
r) | (38) conference room downlites | ||
s) | (4) 12 fluorescent indirect uplites | ||
t) | (6) 20 fluorescent indirect uplites | ||
u) | (15) 24 fluorescent indirect uplites | ||
v) | (21) 36 fluorescent indirect uplites | ||
w) | EMS | ||
x) | Engineering | ||
y) | Elevator lobby downlites | ||
z) | Temp Power & Lighting | ||
aa) | Large Conference rooms to receive a total of 6 duplex receptacles and 6 data receptacles, the remainder (small & medium conference rooms, phone rooms) shall receive a total of 3 duplex receptacles and 3 data receptacles which will be placed one per wall excluding door opening. | ||
bb) | Each group of four workstations will be provided with 2 circuits per grouping. | ||
cc) | Break room to receive electrical outlets for (2) 110v vending machines, (2) 110v refrigerators, (3) 110v microwaves, (2) 110v coffee makers for a total of (12) dedicated circuits. |
a) | 120/208 panel | ||
b) | Feeder | ||
c) | (20) 120/20 dedicated isolated grounds | ||
d) | (4) 208/30 dedicated | ||
e) | (2) fancoils (HVAC) | ||
f) | (1) shunt trip | ||
g) | (1) Emon meter | ||
h) | (1) 225 KVA transformer | ||
i) | Distribution | ||
j) | Buss plug | ||
k) | Transformer feed | ||
l) | Panel feed | ||
m) | Light Fixtures |
1. | An allowance is being carried for (2) card readers for stair well doors and a low voltage panel. |
1. | The electrical includes the connection of the furniture whips to the floor monument only, it is the responsibility of the furniture contractor to connect the whip to the furniture. | |
2. | Landlord agrees to install draft stops if/as needed per code. |
1. | Structural engineering or work. | |
2. | Signage. | |
3. | Bathrooms. | |
4. | Keying. | |
5. | Furniture. | |
6. | Work stations. | |
7. | Telecommunications except as noted above | |
8. | All Micro-key hardware and coordination. | |
9. | Audiovisual work, monitors and projectors. |
VENTURE BUILDERS
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COMMENCEMENT LETTER
(EXAMPLE)
Date | ||||
Tenant | ||||
Address | ||||
Re: | Commencement Letter with respect to that certain Lease dated as of the _____ day of ____________ , 2003, by and between CA-PARKSIDE TOWERS LIMITED PARTNERSHIP, a Delaware limited partnership, as Landlord, and QUINSTREET, INC., a California corporation, as Tenant, for 35,435 rentable square feet on the eighth floor of the Building located at 1051 East Hillsdale Boulevard, Foster City, California. |
1. | The Commencement Date of the Lease is __________________________; | ||
2. | The Termination Date of the Lease is_____________________________. |
Agreed and Accepted: |
Tenant: | QuinStreet, Inc. | |||||
By: | ||||||
Name: | ||||||
Title: | ||||||
Date: | ||||||
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1. | Sidewalks, doorways, vestibules, halls, stairways and other similar areas shall not be obstructed by Tenant or used by Tenant for any purpose other than ingress and egress to and from the Premises. No rubbish, litter, trash, or material shall be placed, emptied, or thrown in those areas. At no time shall Tenant permit Tenants employees to loiter in Common Areas or elsewhere about the Building or Property. | |
2. | Plumbing fixtures and appliances shall be used only for the purposes for which designed and no sweepings, rubbish, rags or other unsuitable material shall be thrown or placed in the fixtures or appliances. Damage resulting to fixtures or appliances by Tenant, its agents, employees or invitees shall be paid for by Tenant and Landlord shall not be responsible for the damage. | |
3. | No signs, advertisements or notices shall be painted or affixed to windows, doors or other parts of the Building, except those of such color, size, style and in such places as are first approved in writing by Landlord. Tenant shall be entitled to tenant identification and suite number signage at the entrance to the Premises, as well as elevator lobby signage on the 8th floor of the Building, all of which shall be installed by Landlord, at Tenants cost and expense, using the standard graphics for the Building. Except in connection with the hanging of lightweight pictures and wall decorations, no nails, hooks or screws shall be inserted into any part of the Premises or Building except by the Building maintenance personnel without Landlords prior approval, which approval shall not be unreasonably withheld. | |
4. | Landlord shall provide and maintain in the first floor (main lobby) of the Building an alphabetical directory board or other directory device listing tenants, including Tenant, at Landlords cost and no other directory shall be permitted unless previously consented to by Landlord in writing. | |
5. | Tenant shall not place any lock(s) on any door in the Premises or Building without Landlords prior written consent, which consent shall not be unreasonably withheld, and Landlord shall have the right at all times to retain and use keys or other access codes or devices to all locks within and into the Premises. A reasonable number of keys to the locks on the entry doors in the Premises shall be furnished by Landlord to Tenant at Tenants cost and Tenant shall not make any duplicate keys. All keys shall be returned to Landlord at the expiration or early termination of the Lease. | |
6. | All contractors, contractors representatives and installation technicians performing work in the Building shall be subject to Landlords prior approval, which approval shall not be unreasonably withheld, and shall be required to comply with Landlords standard rules, regulations, policies and procedures, which may be revised from time to time. | |
7. | Movement in or out of the Building of furniture or office equipment, or dispatch or receipt by Tenant of merchandise or materials requiring the use of elevators, stairways, lobby areas or loading dock areas, shall be restricted to hours reasonably designated by Landlord. Tenant shall obtain Landlords prior approval by providing a detailed listing of the activity, which approval shall not be unreasonably withheld. If approved by Landlord, the activity shall be under the supervision of Landlord and performed in the manner required by Landlord. Tenant shall assume all risk for damage to articles moved and injury to any persons resulting from the activity. If equipment, property, or personnel of Landlord or of any other party is damaged or injured as a result of or in connection with the activity, Tenant shall be solely liable for any resulting damage, loss or injury. | |
8. | Landlord shall have the right to approve the weight, size, or location of heavy equipment or articles in and about the Premises, which approval shall not be unreasonably withheld. Damage to the Building by the installation, maintenance, operation, existence or removal of Tenants Property shall be repaired at Tenants sole expense. | |
9. | Corridor doors, when not in use, shall be kept closed. | |
10. | Tenant shall not: (1) make or permit any improper, objectionable or unpleasant noises or odors in the Building, or otherwise interfere in any way with other tenants or persons having business with them; (2) solicit business or distribute or cause to be distributed, in any portion of the |
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Building, handbills, promotional materials or other advertising; or (3) conduct or permit other activities in the Building that might, in Landlords sole opinion, constitute a nuisance. | ||
11. | No animals, except those assisting handicapped persons, shall be brought into the Building or kept in or about the Premises. | |
12. | No inflammable, explosive or dangerous fluids or substances shall be used or kept by Tenant in the Premises, Building or about the Property, except for those substances as are typically found in similar premises used for general office purposes and are being used by Tenant in a safe manner and in accordance with all applicable Laws. Tenant shall not, without Landlords prior written consent, use, store, install, spill, remove, release or dispose of, within or about the Premises or any other portion of the Property, any asbestos-containing materials or any solid, liquid or gaseous material now or subsequently considered toxic or hazardous under the provisions of 42 U.S.C. Section 9601 et seq. or any other applicable environmental Law which may now or later be in effect. Tenant shall comply with all Laws pertaining to and governing the use of these materials by Tenant and shall remain solely liable for the costs of abatement and removal. | |
13. | Tenant shall not use or occupy the Premises in any manner or for any purpose which might injure the reputation or impair the present or future value of the Premises or the Building. Tenant shall not use, or permit any part of the Premises to be used for lodging, sleeping or for any illegal purpose. | |
14. | Tenant shall not take any action which would violate Landlords labor contracts or which would cause a work stoppage, picketing, labor disruption or dispute or interfere with Landlords or any other tenants or occupants business or with the rights and privileges of any person lawfully in the Building (Labor Disruption) . Tenant shall take the actions necessary to resolve the Labor Disruption, and shall have pickets removed and, at the request of Landlord, immediately terminate any work in the Premises that gave rise to the Labor Disruption, until Landlord gives its written consent for the work to resume. Tenant shall have no claim for damages against Landlord or any of the Landlord Related Parties nor shall the Commencement Date of the Term be extended as a result of the above actions. | |
15. | Tenant shall not install, operate or maintain in the Premises or in any other area of the Building, electrical equipment that would overload the electrical system beyond its capacity for proper, efficient and safe operation as determined solely by Landlord. Tenant shall not furnish cooling or heating to the Premises, including, without limitation, the use of electric or gas heating devices, without Landlords prior written consent. Tenant shall not use more than its proportionate share of telephone lines and other telecommunication facilities available to service the Building. | |
16. | Tenant shall not operate or permit to be operated a coin or token operated vending machine or similar device (including, without limitation, telephones, lockers, toilets, scales, amusement devices and machines for sale of beverages, foods, candy, cigarettes and other goods), except for machines for the exclusive use of Tenants employees and invitees. | |
17. | Bicycles and other vehicles are not permitted inside the Building or on the walkways outside the Building, except in areas designated by Landlord. This exclusion is expressly understood not to apply to conveyances reasonably necessary for the movement of persons with disabilities or for the easy movement of children under 4 years of age within the Building. | |
18. | Landlord may from time to time adopt systems and procedures for the security and safety of the Building and the Property, its occupants, entry, use and contents. Tenant, its agents, employees, contractors, guests and invitees shall comply with Landlords systems and procedures. | |
19. | Landlord shall have the right to prohibit the use of the name of the Building or any other publicity by Tenant that in Landlords sole opinion may impair the reputation of the Building or its desirability. Upon written notice from Landlord, Tenant shall refrain from and discontinue such publicity immediately. | |
20. | Neither Tenant nor its agents, employees, contractors, guests or invitees shall smoke or permit smoking in the Common Areas, unless a portion of the Common Areas have been declared a designated smoking area by Landlord, nor shall the above parties allow smoke from the Premises to emanate into the Common Areas or any other part of the Building. Landlord shall have the right to designate the Building (including the Premises) as a non-smoking building. | |
21. | Landlord shall have the right to designate and approve standard window coverings for the Premises and to establish rules to assure that the Building presents a uniform exterior appearance. Tenant shall ensure, to the extent reasonably practicable, that window coverings are closed on windows in the Premises while they are exposed to the direct rays of the sun. |
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22. | Deliveries to and from the Premises shall be made only at the times in the areas and through the entrances and exits reasonably designated by Landlord. Tenant shall not make deliveries to or from the Premises in a manner that might interfere with the use by any other tenant of its premises or of the Common Areas, any pedestrian use, or any use which is inconsistent with good business practice. | |
23. | The work of cleaning personnel shall not be hindered by Tenant after 5:30 p.m., and cleaning work may be done at any time when the offices are vacant. Windows, doors and fixtures may be cleaned at any time. Tenant shall provide adequate waste and rubbish receptacles to prevent unreasonable hardship to the cleaning service. |
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1. | Renewal Option. |
A. | Grant of Option; Conditions. Tenant shall have the right to extend the Term (the Renewal Option) for one additional period of five (5) years commencing on the day following the Termination Date of the initial Term and ending on the fifth anniversary of the Termination Date (the Renewal Term), if: |
1. | Landlord receives notice of exercise (Initial Renewal Notice) not less than 9 full calendar months prior to the expiration of the initial Term and not more than 12 full calendar months prior to the expiration of the initial Term; and | ||
2. | Tenant is not in default under the Lease beyond any applicable cure periods at the time that Tenant delivers its Initial Renewal Notice or at the time Tenant delivers its Binding Notice (as defined below); and | ||
3. | No part of the Premises is sublet (other than pursuant to a Permitted Transfer, as defined in Section 11 of the Lease) at the time that Tenant delivers its Initial Renewal Notice or at the time Tenant delivers its Binding Notice; and | ||
4. | The Lease has not been assigned (other than pursuant to a Permitted Transfer, as defined in Section 11 of the Lease) prior to the date that Tenant delivers its Initial Renewal Notice or prior to the date Tenant delivers its Binding Notice. |
B. | Terms Applicable to Premises During Renewal Term. |
1. | The initial Base Rent rate per rentable square foot for the Premises during the Renewal Term shall equal 95% of the Prevailing Market rate (hereinafter defined) per rentable square foot for the Premises. Base Rent during the Renewal Term shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate. Base Rent attributable to the Premises shall be payable in monthly installments in accordance with the terms and conditions of Section 4 of the Lease. | ||
2. | Tenant shall pay Additional Rent (i.e. Taxes and Expenses) for the Premises during the Renewal Term In accordance with the terms of Section 4 of the Lease, and the manner and method in which Tenant reimburses Landlord for Tenants share of Taxes and Expenses and the Base Year applicable to such matter, shall be some of the factors considered in determining the Prevailing Market rate for the Renewal Term. |
C. | Initial Procedure for Determining Prevailing Market. Within 30 days after receipt of Tenants Initial Renewal Notice, Landlord shall advise Tenant of the applicable Base Rent rate for the Premises for the Renewal Term. Tenant, within 30 days after the date on which Landlord advises Tenant of the applicable Base Rent rate for the Renewal Term, shall either (i) give Landlord final binding written notice (Binding Notice) of Tenants exercise of its Renewal Option, or (ii) if Tenant disagrees with Landlords determination, provide Landlord with written notice of rejection (the Rejection Notice). If Tenant fails to provide Landlord with either a Binding Notice or Rejection Notice within such 30 day period, Tenants Renewal Option shall be null and void and of no further force and effect. If Tenant provides Landlord with a Binding Notice, Landlord and Tenant shall enter into the Renewal Amendment (as defined below) upon the terms and conditions set forth herein. If Tenant provides Landlord with a Rejection Notice, Landlord and Tenant shall work together in good faith to agree upon the Prevailing Market rate for the Premises during the Renewal Term. Upon agreement, Landlord and Tenant shall enter into the Renewal Amendment in accordance with the terms and conditions hereof. Notwithstanding the foregoing, if Landlord and Tenant fail to agree upon the Prevailing Market rate within 30 days after the date Tenant provides Landlord with the Rejection Notice, Tenant, by written notice to Landlord (the Arbitration Notice) within 5 days after the expiration of such 30 day period, shall have the right to have the Prevailing Market rate determined in accordance with the arbitration procedures described in Section D |
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D. | Arbitration Procedure. |
1. | If Tenant provides Landlord with an Arbitration Notice, Landlord and Tenant, within 5 days after the date of the Arbitration Notice, shall each simultaneously submit to the other, in a sealed envelope, its good faith estimate of the Prevailing Market rate for the Premises during the Renewal Term (collectively referred to as the Estimates). If the higher of such Estimates is not more than 105% of the lower of such Estimates, then Prevailing Market rate shall be the average of the two Estimates. If the Prevailing Market rate is not resolved by the exchange of Estimates, then, within 7 days after the exchange of Estimates, Landlord and Tenant shall each select an appraiser to determine which of the two Estimates most closely reflects the Prevailing Market rate for the Premises during the Renewal Term. Each appraiser so selected shall be certified as an MAI appraiser or as an ASA appraiser and shall have had at least 5 years experience within the previous 10 years as a real estate appraiser working in the Foster City/San Mateo area with working knowledge of current rental rates and practices. For purposes hereof, an MAI appraiser means an individual who holds an MAI designation conferred by, and is an independent member of, the American Institute of Real Estate Appraisers (or its successor organization, or in the event there is no successor organization, the organization and designation most similar), and an ASA appraiser means an individual who holds the Senior Member designation conferred by, and is an independent member of, the American Society of Appraisers (or its successor organization, or, in the event there is no successor organization, the organization and designation most similar). | ||
2. | Upon selection, Landlords and Tenants appraisers shall work together in good faith to agree upon which of the two Estimates most closely reflects the Prevailing Market rate for the Premises. The Estimate chosen by such appraisers shall be binding on both Landlord and Tenant as the Base Rent rate for the Premises during the Renewal Term, subject to the terms of Section D.4 below regarding the Minimum Renewal Base Rent, as defined therein. If either Landlord or Tenant fails to appoint an appraiser within the 7 day period referred to above, the appraiser appointed by the other party shall be the sole appraiser for the purposes hereof. If the two appraisers cannot agree upon which of the two Estimates most closely reflects the Prevailing Market within 20 days after their appointment, then, within 10 days after the expiration of such 20 day period, the two appraisers shall select a third appraiser meeting the aforementioned criteria. Once the third appraiser (i.e. arbitrator) has been selected as provided for above, then, as soon thereafter as practicable but in any case within 14 days, the arbitrator shall make his determination of which of the two Estimates most closely reflects the Prevailing Market rate and such Estimate shall be binding on both Landlord and Tenant as the Base Rent rate for the Premises, subject to the terms of Section D.4 below regarding the Minimum Renewal Base Rent, as defined therein. If the arbitrator believes that expert advice would materially assist him, he may retain one or more qualified persons to provide such expert advice. The parties shall share equally in the costs of the arbitrator and of any experts retained by the arbitrator. Any fees of any appraiser, counsel or experts engaged directly by Landlord or Tenant, however, shall be borne by the party retaining such appraiser, counsel or expert. | ||
3. | If the Prevailing Market rate has not been determined by the commencement date of the Renewal Term, Tenant shall pay Base Rent upon the terms and conditions in effect during the last month of the initial Term for the Premises until such time as the Prevailing Market rate has been determined. Upon such determination, the Base Rent for the Premises shall be retroactively adjusted to the commencement of the Renewal Term for the Premises. If such adjustment results in an underpayment of Base Rent by Tenant, Tenant shall pay Landlord the amount of such underpayment within 30 days after the determination thereof. If such adjustment results in an overpayment of Base Rent by Tenant, Landlord shall credit such overpayment against the next installment of Base Rent due under the Lease and, to the extent necessary, any subsequent installments, until the entire amount of such overpayment has been credited against Base Rent. |
E. | Renewal Amendment. If Tenant is entitled to and properly exercises its Renewal Option, Landlord shall prepare an amendment (the Renewal Amendment) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The Renewal |
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Amendment shall be sent to Tenant within a reasonable time after receipt of the Binding Notice and Tenant shall execute and return the Renewal Amendment to Landlord within 15 days after Tenants receipt of same, but, upon final determination of the Prevailing Market rate applicable during the Renewal Term as described herein, an otherwise valid exercise of the Renewal Option shall be fully effective whether or not the Renewal Amendment is executed. | |||
F. | Prevailing Market. For purposes hereof, Prevailing Market shall mean the arms length fair market annual rental rate per rentable square foot under renewal leases and amendments entered into on or about the date on which the Prevailing Market is being determined hereunder for space comparable to the Premises in the Building and office buildings comparable to the Building in the Foster City/San Mateo area. The determination of Prevailing Market shall take into account any material economic differences between the terms of this Lease and any comparison lease or amendment, such as rent abatements, construction costs and other concessions and the manner, if any, in which the landlord under any such lease is reimbursed for operating expenses and taxes. |
2. | Right of First Refusal. |
A. | Grant of Option; Conditions. Tenant shall have an ongoing right of first refusal (the Right of First Refusal) with respect to the approximately 36,885 rentable square feet of space consisting of the 7th floor of the East Tower Building, shown on the demising plan attached hereto as Exhibit F-1 (the Refusal Space). Tenants Right of First Refusal shall be exercised as follows: when Landlord has a prospective tenant, other than the then-existing tenant in the applicable portion of the Refusal Space, (the Prospect) interested in leasing all or a portion of the Refusal Space, Landlord shall advise Tenant (the Advice) of the terms under which Landlord is prepared to lease such portion of the Refusal Space to such Prospect and Tenant may lease such portion of the Refusal Space, under such terms, by providing Landlord with written notice of exercise (the Notice of Exercise) within 5 Business Days after the date of the Advice, except that Tenant shall have no such Right of First Refusal and Landlord need not provide Tenant with an Advice if: |
1. | Tenant is in default under the Lease beyond any applicable cure periods at the time that Landlord would otherwise deliver the Advice; or | ||
2. | the Premises, or any portion thereof, is sublet (other than pursuant to a Permitted Transfer, as defined in Section 11 of the Lease) at the time Landlord would otherwise deliver the Advice; or | ||
3. | the Lease has been assigned (other than pursuant to a Permitted Transfer, as defined in Section 11 of the Lease) prior to the date Landlord would otherwise deliver the Advice; or | ||
4. | the Refusal Space is not intended for the exclusive use of Tenant or the transferee of a Permitted Transfer during the Term; or | ||
5. | the Tenant or the transferee of a Permitted Transfer is not occupying the Premises on the date Landlord would otherwise deliver the Advice. |
Notwithstanding anything in the foregoing to the contrary, Landlord shall not deliver an Advice to Tenant prior to the earlier of the following: (1) the date that is 30 months after the Commencement Date, or (2) the first date by which at least 50% of the Building is leased, it being understood that Landlord will not lease any portion of the Refusal Space to a third party prior to the earlier of such dates. |
B. | Terms for Refusal Space. |
1. | The term for the Refusal Space shall commence upon the commencement date stated in the Advice and thereupon such Refusal Space shall be considered a part of the Premises, provided that all of the terms stated in the Advice, including the termination date set forth in the Advice, shall govern Tenants leasing of the Refusal Space and only to the extent that they do not conflict with the Advice, the terms and conditions of the Lease shall apply to the Refusal Space. Tenant shall pay Base Rent and Additional Rent for the Refusal Space in accordance with the terms and conditions of the Advice. |
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2. | The Refusal Space (including improvements and personalty, if any) shall be accepted by Tenant in its condition and as-built configuration existing on the earlier of the date Tenant takes possession of the Refusal Space or the date the term for such Refusal Space commences, unless the Advice specifies work to be performed by Landlord in the Refusal Space, in which case Landlord shall perform such work in the Refusal Space. If Landlord is delayed delivering possession of the Refusal Space due to the holdover or unlawful possession of such space by any party, Landlord shall use reasonable efforts to obtain possession of the space, and the commencement of the term for the Refusal Space shall be postponed until the date Landlord delivers possession of the Refusal Space to Tenant free from occupancy by any party. |
C. | Termination of Right of First Refusal. The rights of Tenant hereunder with respect to the Refusal Space shall terminate on the earlier to occur of (i) the original Termination Date under this Lease (not including the Renewal Term, if any), (ii) with respect to any particular Advice, Tenants failure to exercise its Right of First Refusal within the 5 Business Day period provided in Section A above; and (iii) with respect to any particular Advice, the date Landlord would have provided Tenant such Advice if Tenant had not been in violation of one or more of the conditions set forth in Section A above. | ||
D. | Refusal Space Amendment. If Tenant exercises its Right of First Refusal, Landlord shall prepare an amendment (the Refusal Space Amendment) adding the Refusal Space to the Premises on the terms set forth in the Advice and reflecting the changes in the Base Rent, Rentable Square Footage of the Premises, Tenants Pro Rata Share and other appropriate terms. A copy of the Refusal Space Amendment shall be sent to Tenant within a reasonable time after Landlords receipt of the Notice of Exercise executed by Tenant, and Tenant shall execute and return the Refusal Space Amendment to Landlord within 15 days thereafter, but an otherwise valid exercise of the Right of First Refusal shall be fully effective whether or not the Refusal Space Amendment is executed. |
3. | Shower Facility. Subject to the provisions of this Section 3 of Exhibit F, following the completion of construction of the Shower Facility (as defined in the Work Letter) by Landlord, so long as Tenant is not in default under this Lease, Tenant shall be entitled to the non-exclusive use of the Shower Facility. The use of the Shower Facility shall be subject to the reasonable rules and regulations (including rules regarding hours of use) established from time to time by Landlord for the Shower Facility. The costs of operating, maintaining and repairing the Shower Facility may be included as part of Expenses. Tenant acknowledges that the provisions of this Section shall not be deemed to be a representation by Landlord that Landlord shall continuously maintain the Shower Facility in its original configuration throughout the Term, and Landlord shall have the right, at Landlords sole discretion, to expand, contract or otherwise modify the Shower Facility, so long as the benefits to Tenant in connection therewith are not materially reduced. Tenant hereby voluntarily releases, discharges, waives and relinquishes any and all actions or causes of action for personal injury or property damage occurring to Tenant or its employees or agents arising as a result of the use of the Shower Facility, or any activities incidental thereto, wherever or however the same may occur, and further agrees that Tenant will not prosecute any claim for personal injury or property damage against Landlord or any of its officers, agents, servants or employees for any said causes of action, except to the extent arising out of the gross negligence or willful misconduct of Landlord. It is the intention of Tenant with respect to the Shower Facility to exempt and relieve Landlord from liability for personal injury or property damage caused by negligence. | |
4. | Temporary Fitness Center Use. During the period starting with the Commencement Date and ending on the date on which Landlord first offers Tenant an Advice with respect to all or any portion of the Refusal Space in accordance with the provisions of Paragraph 2 of this Exhibit F, Tenant may have access to up to 5,000 rentable square feet in a location designated by Landlord on the 7th floor of the Building (the Fitness Center Space) for the placing of exercise equipment and use as a fitness center by Tenants employees only, all at Tenants sole risk and Tenants sole cost and expense. Tenants use of the Fitness Center Space shall be subject to Landlord reasonable prior approval of the nature of the equipment to be installed by Tenant and the use thereof, and shall be subject to all the terms and conditions of the Lease (and the Fitness Center Space shall be considered part of the Premises for purposes of Tenants insurance and indemnification obligations under the Lease), except that Tenant shall not be required to pay Base Rent and Additional Rent in connection with such use. Landlord may deny or withdraw such permission to enter or use the Fitness Center Space prior to the first Advice at any time that Landlord reasonably determines that such entry by Tenant is causing a dangerous situation for Landlord, Tenant or their respective contractors or employees. |
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May 29, 2003
Matter ID Number: 7329
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1. | The capitalized terms used in this Parking Agreement shall have the same definitions as set forth in the Lease to the extent that such capitalized terms are defined therein and not redefined in this Parking Agreement. In the event of any conflict between the Lease and this Parking Agreement, the latter shall control. | |
2. | During the initial Term, Tenant agrees to lease from Landlord and Landlord agrees to lease to Tenant a total of 128 non-reserved parking spaces in the parking facility servicing the Building (Parking Facility). During the initial Term, the charge for such 128 non-reserved parking spaces shall be $0.00 per non-reserved parking pass, per month. Tenant may, from time to time request additional parking spaces, and if Landlord shall provide the same, such parking spaces shall be provided and used on a month-to-month basis, and otherwise on the foregoing terms and provisions, and at such prevailing monthly parking charges as shall be established from time to time, provided that Tenant shall be entitled to use such additional parking spaces at no additional charge so long as such additional spaces are available in the Parking Facility and Tenants use of such additional parking spaces does not interfere with the rights of the employees and invitees of other tenants of the Building to use the Parking Facility, as reasonably determined by Landlord. No deductions from the monthly charge, if any, shall be made for days on which the Parking Facility is not used by Tenant. | |
3. | Tenant shall at all times comply with all applicable ordinances, rules, regulations, codes, laws, statutes and requirements of all federal, state, county and municipal governmental bodies or their subdivisions respecting the use of the Parking Facility. Landlord reserves the right to adopt, modify and enforce reasonable rules (Rules) governing the use of the Parking Facility from time to time including any key-card, sticker or other identification or entrance system and hours of operation. The Rules set forth herein are currently in effect. Landlord may refuse to permit any person who violates such Rules to park in the Parking Facility, and any violation of the Rules shall subject the car to removal from the Parking Facility. | |
4. | Unless specified to the contrary above, the parking spaces hereunder shall be provided on a non-designated first-come, first-served basis. Tenant acknowledges that Landlord has no liability for claims arising through acts or omissions of any independent operator of the Parking Facility. Landlord shall have no liability whatsoever for any damage to items located in the Parking Facility, nor for any personal injuries or death arising out of any matter relating to the Parking Facility, and in all events, Tenant agrees to look first to its insurance carrier and to require that Tenants employees look first to their respective insurance carriers for payment of any losses sustained in connection with any use of the Parking Facility. Tenant hereby waives on behalf of its insurance carriers all rights of subrogation against Landlord or Landlords agents. Landlord reserves the right to assign specific parking spaces, and to reserve parking spaces for visitors, small cars, handicapped persons and for other tenants, guests of tenants or other parties, which assignment and reservation or spaces may be relocated as determined by Landlord from time to time, and Tenant and persons designated by Tenant hereunder shall not park in any location designated for such assigned or reserved parking spaces. Tenant acknowledges that the Parking Facility may be closed entirely or in part in order to make repairs or perform maintenance services, or to alter, modify, re-stripe or renovate the Parking Facility, or if required by casualty, strike, condemnation, act of God, governmental law or requirement or other reason beyond the operators reasonable control. In such event, Landlord shall refund any prepaid parking fee hereunder, prorated on a per diem basis. | |
5. | If Tenant shall default under this Parking Agreement, the operator shall have the right to remove from the Parking Facility any vehicles hereunder which shall have been involved or shall have been owned or driven by parties involved in causing such default, without liability therefor whatsoever. In addition, if Tenant shall default under this Parking Agreement, Landlord shall have the right to cancel this Parking Agreement on 30 days written notice, unless within such 30 day period, Tenant cures such default. If Tenant defaults with respect to the same term or condition under this Parking Agreement more than 3 times during any 12 month period, and Landlord notifies Tenant thereof promptly after each such default, the next default of such term or condition during the succeeding 12 month period, shall, at Landlords election, constitute an incurable default. Such cancellation right shall be cumulative and in addition to any other rights or remedies available to Landlord at law or equity, or provided under the Lease (all of which rights and remedies under the Lease are hereby incorporated herein, as though fully set forth). Any default by Tenant under the Lease shall be a default under this Parking Agreement. |
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(i) | Tenant shall have access to the Parking Facility on a 24-hour basis, 7 days a week, subject to the other terms of this Parking Agreement. Tenant shall not store or permit its employees to store any automobiles in the Parking Facility without the prior written consent of the operator. Except for emergency repairs, Tenant and its employees shall not perform any work on any automobiles while located in the Parking Facility, or on the Property. If it is necessary for Tenant or its employees to leave an automobile in the Parking Facility overnight, Tenant shall provide the operator with prior notice thereof designating the license plate number and model of such automobile. | ||
(ii) | Cars must be parked entirely within the stall lines painted on the floor, and only small cars may be parked in areas reserved for small cars. | ||
(iii) | All directional signs and arrows must be observed. | ||
(iv) | The speed limit shall be 5 miles per hour. | ||
(v) | Parking spaces reserved for handicapped persons must be used only by vehicles properly designated. | ||
(vi) | Parking is prohibited in all areas not expressly designated for parking, including without limitation: |
(a) | Areas not striped for parking | ||
(b) | aisles | ||
(c) | where no parking signs are posted | ||
(d) | ramps | ||
(e) | loading zones |
(vii) | Parking stickers, key cards or any other devices or forms of identification or entry supplied by the operator shall remain the property of the operator. Such device must be displayed as requested and may not be mutilated in any manner. The serial number of the parking identification device may not be obliterated. Parking passes and devices are not transferable and any pass or device in the possession of an unauthorized holder will be void. | ||
(viii) | Monthly fees shall be payable in advance prior to the first day of each month. Failure to do so will result in a charge at the prevailing daily parking rate until payment is made, and no refunds shall be made for such daily charges following the late payment of the monthly fee. No deductions or allowances from the monthly rate will be made for days on which the Parking Facility is not used by Tenant or its designees. | ||
(ix) | Parking Facility managers or attendants are not authorized to make or allow any exceptions to these Rules. | ||
(x) | Every parker is required to park and lock his/her own car. | ||
(xi) | Loss or theft of parking pass, identification, key cards or other such devices must be reported to Landlord and to the Parking Facility manager immediately. Any parking devices reported lost or stolen found on any authorized car will be confiscated and the illegal holder will be subject to prosecution. Lost or stolen passes and devices found by Tenant or its employees must be reported to the office of the Parking Facility immediately. | ||
(xii) | Washing, waxing, cleaning or servicing of any vehicle by the customer and/or his agents is prohibited. Parking spaces may be used only for parking automobiles. | ||
(xiii) | Tenant agrees to acquaint all persons to whom Tenant assigns a parking space with these Rules. |
6. | TENANT ACKNOWLEDGES AND AGREES THAT, TO THE FULLEST EXTENT PERMITTED BY LAW, LANDLORD SHALL NOT BE RESPONSIBLE FOR ANY LOSS OR DAMAGE TO TENANT OR TENANTS PROPERTY (INCLUDING, WITHOUT LIMITATIONS, ANY LOSS OR DAMAGE TO TENANTS AUTOMOBILE OR THE CONTENTS THEREOF DUE TO THEFT, VANDALISM OR ACCIDENT) ARISING FROM OR RELATED TO TENANTS USE OF THE PARKING FACILITY OR EXERCISE OF ANY RIGHTS UNDER THIS PARKING AGREEMENT, WHETHER OR NOT SUCH LOSS OR DAMAGE RESULTS FROM LANDLORDS ACTIVE NEGLIGENCE OR NEGLIGENT OMISSION. THE LIMITATION ON LANDLORDS LIABILITY UNDER THE |
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PRECEDING SENTENCE SHALL NOT APPLY HOWEVER TO LOSS OR DAMAGE ARISING DIRECTLY FROM LANDLORDS GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. | ||
7. | Without limiting the provisions of Paragraph 6 above, Tenant hereby voluntarily releases, discharges, waives and relinquishes any and all actions or causes of action for personal injury or property damage occurring to Tenant arising as a result of parking in the Parking Facility, or any activities incidental thereto, wherever or however the same may occur, and further agrees that Tenant will not prosecute any claim for personal injury or property damage against Landlord or any of its officers, agents, servants or employees for any said causes of action. It is the intention of Tenant by this instrument, to exempt and relieve Landlord from liability for personal injury or property damage caused by negligence, but shall not apply to Landlords gross negligence or willful misconduct. | |
8. | The provisions of Section 20 of the Lease are hereby incorporated by reference as if fully recited. | |
Tenant acknowledges that Tenant has read the provisions of this Parking Agreement, has been fully and completely advised of the potential dangers incidental to parking in the Parking Facility and is fully aware of the legal consequences of agreeing to this instrument. |
May 30, 2003
Matter ID Number: 7329
3
A. | Landlord and Tenant are parties to that certain lease dated June 2, 2003 (the Lease). Pursuant to the Lease, Landlord has leased to Tenant space currently containing approximately 35,435 rentable square feet (the Original Premises) described as Suite No. 800 on the 8th floor of the building commonly known as Parkside Tower East located at 1051 E. Hillsdale Drive, Foster City, California (defined in Section 1.01 of the Lease as the East Tower), which is a portion of the Building defined in Section 1.01 of the Lease. | |
B. | Tenant has requested that additional space containing approximately 18,442 rentable square feet described as Suite No. 700 on the 7th floor of the Building shown on Exhibit A hereto (the Expansion Space) be added to the Original Premises and that the Lease be appropriately amended and Landlord is willing to do the same on the following terms and conditions. |
1. | Expansion and Effective Date. Effective as of the Expansion Effective Date (defined below), the Premises, as defined in the Lease, is increased from 35,435 rentable square feet on the 8th floor to 53,877 rentable square feet on the 7th and 8th floors by the addition of the Expansion Space, and from and after the Expansion Effective Date, the Original Premises and the Expansion Space, collectively, shall be deemed the Premises, as defined in the Lease. The Term for the Expansion Space shall commence on the Expansion Effective Date and end on the Termination Date. The Expansion Space is subject to all the terms and conditions of the Lease except as expressly modified herein and except that Tenant shall not be entitled to receive any allowances, abatements or other financial concessions granted with respect to the Original Premises unless such concessions are expressly provided for herein with respect to the Expansion Space. |
1.01. | The Expansion Effective Date shall be the later to occur of (i) November 15, 2004 (Target Expansion Effective Date), and (ii) the date upon which the Expansion Space Landlord Work (as defined in the Expansion Space Work Letter attached as Exhibit B hereto) in the Expansion Space has been Substantially Completed; provided, however, that if Landlord is delayed in the performance of the Expansion Space Landlord Work as a result of the acts or omissions of Tenant, the Tenant Related Parties (defined in Section 13 of the Lease) or their respective contractors or vendors, including, without limitation, changes requested by Tenant to the Expansion Space Plans or other approved plans, Tenants failure to comply with any of its obligations under the Lease or this Amendment or the Expansion Space Work Letter, or the specification of any materials or equipment with long lead times (a Tenant Delay), the Expansion Space Landlord Work shall be deemed to be Substantially Complete on the date that Landlord could reasonably have been expected to Substantially Complete the Expansion Space Landlord Work absent any Tenant Delay. | ||
The Expansion Space Landlord Work shall be deemed to be Substantially Complete on the later of (a) the date that all Expansion Space Landlord Work has been performed, other than any details of construction, mechanical adjustment or any other similar matter, the non-completion of which does not materially interfere with Tenants use of the Expansion Space, in a good and workmanlike manner and in compliance with the Expansion Space Plans (as defined in the Expansion Space Work Letter attached hereto as Exhibit B) and subject to any revisions to the Expansion Space Plans approved by Landlord and |
Matter ID Number: 13883
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Tenant in accordance with the Expansion Space Work Letter), and (b) the date Landlord receives from the appropriate governmental authorities all approvals necessary for the occupancy of the Expansion Space. | |||
1.02. | The adjustment of the Expansion Effective Date and, accordingly, the postponement of Tenants obligation to pay Rent on the Expansion Space shall be Tenants sole remedy and shall constitute full settlement of all claims that Tenant might otherwise have against Landlord by reason of the Expansion Space not being ready for occupancy by Tenant on the Target Expansion Effective Date. If the Expansion Effective Date is delayed pursuant to the foregoing, the Termination Date under the Lease shall not be similarly extended. | ||
1.03. | In addition to the postponement, if any, of the Expansion Effective Date as a result of the applicability of Section 1.01. of this Amendment, the Expansion Effective Date shall be delayed to the extent that Landlord fails to deliver possession of the Expansion Space on the Expansion Effective Date for any other reason (other than Tenant Delays by Tenant), including but not limited to, holding over by prior occupants. Any such delay in the Expansion Effective Date shall not subject Landlord to any liability for any loss or damage resulting therefrom. If the Expansion Effective Date is delayed pursuant to the foregoing, the Termination Date under the Lease shall not be similarly extended. |
2. | Base Rent. In addition to Tenants obligation to pay Base Rent for the Original Premises, Tenant shall pay Landlord Base Rent for the Expansion Space as follows: |
Annual Rate Per | ||||||||
Months of Term or Period | Square Foot | Monthly Base Rent | ||||||
November 15, 2004 October 31, 2005 | $ | 24.60 | $ | 37,806.10 | ||||
November 1, 2005 October 31, 2006 | $ | 26.40 | $ | 40,572.40 | ||||
November 1, 2006 October 31, 2007 | $ | 27.60 | $ | 42,416.60 | ||||
November 1, 2007 October 31, 2008 | $ | 28.80 | $ | 44,260.80 | ||||
November 1, 2008 October 31, 2009 | $ | 30.00 | $ | 46,105.00 |
All such Base Rent shall be payable by Tenant in accordance with the terms of the Lease, as amended hereby. | ||
Landlord and Tenant acknowledge that the foregoing schedule is based on the assumption that the Expansion Effective Date is the Target Expansion Effective Date. If the Expansion Effective Date is other than the Target Expansion Effective Date, the schedule set forth above with respect to the payment of any installment(s) of Base Rent for the Expansion Space shall be appropriately adjusted on a per diem basis to reflect the actual Expansion Effective Date, and the actual Expansion Effective Date shall be set forth in a confirmation letter to be prepared by Landlord. However, the effective date of any increases or decreases in the Base Rent rate shall not be postponed as a result of an adjustment of the Expansion Effective Date as provided above. | ||
3. | Security Deposit. No Security Deposit shall be required in connection with this Amendment. The definition of Security Deposit set forth in Section 1.08 of the Lease is hereby deleted and replaced with None. The first sentence of Article V of the Lease is hereby amended to include the clause, if any, after the words Security Deposit in the first sentence. The provisions of Section 8.09 below shall apply to Tenants Letter of Credit obligations under the Lease, as amended hereby. | |
4. | Tenants Pro Rata Share. For the period commencing with the Expansion Effective Date and ending on the Termination Date, Tenants Pro Rata Share for the Expansion Space is 4.6283%. | |
5. | Expenses and Taxes. For the period commencing with the Expansion Effective Date and ending on the Termination Date, Tenant shall pay for Tenants Pro Rata Share of Expenses and Taxes applicable to the Expansion Space in accordance with the terms of the Lease, as amended hereby. | |
6. | Improvements to Expansion Space. |
6.01. | Condition of Expansion Space. Tenant has inspected the Expansion Space and agrees to accept the same as is without any agreements, representations, understandings or obligations on the part of Landlord to perform any alterations, |
Matter ID Number: 13883
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repairs or improvements, except as may be expressly provided otherwise in this Amendment or in the Expansion Space Work Letter attached hereto as Exhibit B. Notwithstanding the foregoing, except to the extent caused by Tenant or any Tenant Related Party (as defined in Section 13 of the Lease), as of the Expansion Effective Date, the electrical, heating, ventilation and air conditioning, mechanical and plumbing systems serving the Expansion Space shall be in good order and satisfactory condition and in compliance with applicable Laws (as defined in Section 5 of the Lease). If the foregoing are not in good working order or compliance as provided above, Landlord shall be responsible for repairing or restoring same, or correcting such violations, at its cost and expense, provided that the foregoing shall not prohibit Landlord from including the cost of routine maintenance and repair of such systems in Expenses as otherwise permitted under Section 4.02 of the Lease. |
6.02. | Responsibility for Improvements to Expansion Space. Landlord shall perform improvements to the Expansion Space in accordance with the Expansion Space Work Letter attached hereto as Exhibit B. |
7. | Early Access to Expansion Space; Beneficial Occupancy. Landlord grants Tenant the right to enter the Expansion Space, at Tenants sole risk, thirty (30) days prior to Landlords then reasonable estimate of the Expansion Effective Date, for the purpose of installing telecommunications and data cabling, fiber optic links, equipment, furnishings and other personalty, and for conducting business operations in the Premises. Such access shall be subject to the terms and conditions of the Lease, as amended hereby, but Tenant shall not be required to pay Rent (defined in Section 4.01 of the Lease) to Landlord during such period of early access before the Expansion Effective Date. However, Tenant shall be responsible for the reasonable cost of services requested by Tenant (e.g. freight elevator usage of after-hours HVAC) during such period. Landlord may withdraw or limit such permission to enter the Expansion Space prior to the Expansion Effective Date at any time that Landlord reasonably determines that such entry by Tenant is causing a dangerous situation for Landlord, Tenant or their respective contractors or employees, or if Landlord reasonably determines that such entry by Tenant is hampering or otherwise preventing Landlord from proceeding with the completion of the Expansion Space Landlord Work at the earliest possible date. | |
In addition to the foregoing, if the Expansion Space Landlord Work is Substantially Complete prior to the Target Expansion Effective Date, subject to the terms of this Section 7.01, Tenant may take possession of and occupy the Expansion Space for the Permitted Use and may conduct business operations therein following the date of Substantial Completion of the Expansion Space Landlord Work and prior to the Expansion Effective Date, which occupancy shall be subject to the terms and conditions of the Lease, as amended hereby, but Tenant shall not be required to pay Rent (defined in Section 4.01 of the Lease) to Landlord during such period of early occupancy before the Expansion Effective Date. However, Tenant shall be responsible for the reasonable cost of services requested by Tenant (e.g. freight elevator usage of after-hours HVAC) during such period. | ||
8. | Other Pertinent Provisions. Landlord and Tenant agree that, effective as of the date of this Amendment (unless different effective date(s) is/are specifically referenced in this Section), the Lease shall be amended in the following additional respects: |
8.01 | Renewal Option. Tenants Renewal Option set forth in Section 1 of Exhibit F of the Lease shall apply to the entire Premises (Original Premises and Expansion Space) only, and the Renewal Term may be subject to reduction pursuant to Section 8.02 below. | ||
8.02 | One-Year Extension Option. Tenant shall have the One-Year Extension Option set forth below, which Tenant may, at Tenants option, exercise in lieu of one year of the term of Tenants Renewal Option. Upon Tenants delivery of an Initial Renewal Notice under the Renewal Option, Tenants One-Year Extension Option automatically shall be of no further force and effect, and alternatively, upon Tenants delivery of a One-Year Renewal Notice, Tenants Renewal Option shall automatically be reduced to a 4-year renewal option commencing at the conclusion of Tenants One-Year Extension Term and the notice period for the Renewal Option set forth in Section 1.A.1 of Exhibit F of the Lease shall be calculated from the expiration of the One-Year Extension Term rather than from the expiration of the initial Term. |
Matter ID Number: 13883
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A. | Grant of Option; Conditions. Tenant shall have the right to extend the Term (the One-Year Extension Option) for the entire Premises only (both the Original Premises and the Expansion Space) for one additional period of one (1) year commencing on the day following the Termination Date of the initial Term and ending on the first anniversary of the Termination Date (the One-Year Extension Term), if: |
1. | Landlord receives notice of exercise (One-Year Extension Notice) not less than 9 full calendar months prior to the expiration of the initial Term; and | ||
2. | Tenant is not in default under the Lease beyond any applicable cure periods at the time that Tenant delivers One-Year Extension Notice; and | ||
3. | No part of the Premises is sublet (other than pursuant to a Permitted Transfer, as defined in Section 11 of the Lease) at the time that Tenant delivers its One-Year Extension Notice; and | ||
4. | The Lease has not been assigned (other than pursuant to a Permitted Transfer, as defined in Section 11 of the Lease) prior to the date that Tenant delivers its One-Year Extension Notice. |
B. | Terms Applicable to Premises During One-Year Extension Term. |
1. | The Base Rent rate per rentable square foot for the Premises during the One-Year Extension Term shall be $2.65 per rentable square foot for the Premises. Such Base Rent shall be payable in monthly installments in accordance with the terms and conditions of Section 4 of the Lease, as amended hereby. | ||
2. | Tenant shall continue to pay Additional Rent for the Premises during the One-Year Extension Term in accordance with the terms of the Lease. | ||
3. | Tenant shall accept the Premises on an as-is basis for the One-Year Extension Term and shall not be entitled to any allowances, improvements or concessions in connection therewith. |
C. | One-Year Extension Amendment. If Tenant is entitled to and properly exercises its One-Year Extension Option, Landlord shall prepare an amendment (the One-Year Extension Amendment) to reflect changes in the Base Rent, Term, Termination Date and other appropriate terms. The One-Year Extension Amendment shall be sent to Tenant within a reasonable time after receipt of the One-Year Extension Notice and Tenant shall execute and return the One-Year Extension Amendment to Landlord as soon as practicable after Tenants receipt of same, but, upon delivery of Tenants One-Year Extension Notice, an otherwise valid exercise of the One-Year Extension Option shall be fully effective whether or not the One-Year Extension Amendment is executed. |
8.03 | 7th Floor Right of First Refusal. The Right of First Refusal set forth in Section 2 of Exhibit F of the Lease shall remain in full force and effect, except that: |
A. | As amended hereby, such Right of First Refusal shall hereafter be referred to as the 7th Floor Right of First Refusal, and all references to the Right of First Refusal in Section 2 of Exhibit F of the Lease shall refer instead to the 7th Floor Right of First Refusal. | ||
B. | The Refusal Space for purposes of the 7th Floor Right of First Refusal shall be amended to include only the approximately 18,443 rentable square feet that represent the portion of the Refusal Space set forth on Exhibit F-1 to the Lease other than the Expansion Space, and accordingly Exhibit F-1 is hereby deleted and replaced with Exhibit A-2 attached hereto. As amended hereby, the term Refusal Space, as defined in Section 2 of Exhibit F to the Lease, shall hereafter be referred to as the 7th Floor |
Matter ID Number: 13883
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Refusal Space, and all references to the Refusal Space in Section 2 of Exhibit F of the Lease shall refer instead to the 7th Floor Refusal Space. | |||
C. | Section 2.C(i) of Exhibit F of the Lease is hereby deleted and replaced with the following: the original Termination Date under the Lease (not including any renewal or extension of the Term, whether pursuant to the Renewal Option, the One-Year Extension Option, or otherwise). |
8.04. | 6th Floor Right of First Refusal. |
A. | Grant of Option; Conditions. In addition to the Right of First Refusal set forth in Section 2 of Exhibit F of the Lease, as amended in Section 8.02 below, Tenant shall have an ongoing right of first refusal (the 6th Floor Right of First Refusal) with respect to the approximately 41,631 rentable square feet of space consisting of the 6th floor of the East Tower, shown on the demising plan attached hereto as Exhibit A-1 (the 6th Floor Refusal Space). Tenants 6th Floor Right of First Refusal shall be exercised as follows: when Landlord has a prospective tenant, other than the then-existing tenant in the applicable portion of the 6th Floor Refusal Space, (the 6th Floor Prospect) interested in leasing all or a portion of the 6th Floor Refusal Space, Landlord shall advise Tenant (the 6th Floor Advice) of the terms under which Landlord is prepared to lease such portion of the 6th Floor Refusal Space to such Prospect and Tenant may lease such portion of the 6th Floor Refusal Space, under such terms, by providing Landlord with written notice of exercise (the 6th Floor Notice of Exercise) within 5 Business Days after the date of the 6th Floor Advice, except that Tenant shall have no such 6th Floor Right of First Refusal and Landlord need not provide Tenant with a 6th Floor Advice if: |
1. | Tenant is in default under the Lease beyond any applicable cure periods at the time that Landlord would otherwise deliver the 6th Floor Advice; or | ||
2. | the Premises, or any portion thereof, is sublet (other than pursuant to a Permitted Transfer, as defined in Section 11 of the Lease) at the time Landlord would otherwise deliver the 6th Floor Advice; or | ||
3. | the Lease has been assigned (other than pursuant to a Permitted Transfer, as defined in Section 11 of the Lease) prior to the date Landlord would otherwise deliver the 6th Floor Advice; or | ||
4. | the 6th Floor Refusal Space is not intended for the exclusive use of Tenant or the transferee of a Permitted Transfer during the Term; or | ||
5. | the Tenant or the transferee of a Permitted Transfer is not occupying the Premises on the date Landlord would otherwise deliver the 6th Floor Advice. |
B. | Terms for 6th Floor Refusal Space. |
1. | The term for the 6th Floor Refusal Space shall commence upon the commencement date stated in the 6th Floor Advice and thereupon such 6th Floor Refusal Space shall be considered a part of the Premises, provided that all of the terms stated in the 6th Floor Advice, including the termination date set forth in the 6th Floor Advice, shall govern Tenants leasing of the 6th Floor Refusal Space and only to the extent that they do not conflict with the 6th Floor Advice, the terms and conditions of the Lease shall apply to the 6th Floor Refusal Space. Tenant shall pay Base Rent and Additional Rent for the 6th Floor Refusal Space in accordance with the terms and conditions of the 6th Floor Advice. | ||
2. | The 6th Floor Refusal Space (including improvements and personalty, if any) shall be accepted by Tenant in its condition and as-built configuration existing on the earlier of the date Tenant |
Matter ID Number: 13883
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takes possession of the 6th Floor Refusal Space or the date the term for such 6th Floor Refusal Space commences, unless the 6th Floor Advice specifies work to be performed by Landlord in the 6th Floor Refusal Space, in which case Landlord shall perform such work in the 6th Floor Refusal Space. If Landlord is delayed delivering possession of the 6th Floor Refusal Space due to the holdover or unlawful possession of such space by any party, Landlord shall use reasonable efforts to obtain possession of the space, and the commencement of the term for the 6th Floor Refusal Space shall be postponed until the date Landlord delivers possession of the 6th Floor Refusal Space to Tenant free from occupancy by any party. |
C. | Termination of 6th Floor Right of First Refusal. The rights of Tenant hereunder with respect to the 6th Floor Refusal Space shall terminate on the earlier to occur of (i) the original Termination Date under this Lease (not including the Renewal Term, if any), (ii) with respect to any particular 6th Floor Advice, Tenants failure to exercise its 6th Floor Right of First Refusal within the 5 Business Day period provided in Section A above; and (iii) with respect to any particular 6th Floor Advice, the date Landlord would have provided Tenant such Advice if Tenant had not been in violation of one or more of the conditions set forth in Section A above. | ||
D. | 6th Floor Refusal Space Amendment. If Tenant exercises its 6th Floor Right of First Refusal, Landlord shall prepare an amendment (the 6th Floor Refusal Space Amendment) adding the 6th Floor Refusal Space to the Premises on the terms set forth in the 6th Floor Advice and reflecting the changes in the Base Rent, Rentable Square Footage of the Premises, Tenants Pro Rata Share and other appropriate terms. A copy of the 6th Floor Refusal Space Amendment shall be sent to Tenant within a reasonable time after Landlords receipt of the 6th Floor Notice of Exercise executed by Tenant, and Tenant shall execute and return the 6th Floor Refusal Space Amendment to Landlord as soon as practicable thereafter, but an otherwise valid exercise of the 6th Floor Right of First Refusal shall be fully effective whether or not the 6th Floor Refusal Space Amendment is executed. |
8.05 | Signage. |
A. | Elevator Lobby. In Section 3 of Exhibit E (Building Rules and Regulations), the phrase 7th floor and the shall be added between the words the and 8th in the second sentence. | ||
B. | Monument Sign. So long as (i) Tenant is not in default under the terms of the Lease; (ii) Tenant is in occupancy of at least 20,000 rentable square feet of the Premises; and (iii) Tenant has not assigned the Lease or sublet more than 15% of the Premises to one or more non-affiliated entities, Tenant shall have the right to have its name listed on the shared Building monument sign located near the entrance to the East Tower (the Sign). Following installation of Tenants name on the Sign, Tenant shall be liable for all costs related to the maintenance and, if applicable, illumination of the sign. In the event that additional names are listed on the Sign, all future costs of maintenance and repair shall be prorated between Tenant and the other parties that are listed on such Sign. Tenant shall be solely responsible for the costs in connection with the design, fabrication and installation of Tenants name on the Sign. Tenant must obtain Landlords written consent to any proposed signage and lettering prior to its fabrication and installation. Landlord reserves the right to withhold consent to any sign that, in the sole judgment of Landlord, is not harmonious with the design standards of the Building and Sign or is in violation of applicable Laws. To obtain Landlords consent, Tenant shall submit design drawings to Landlord showing the type and sizes of all lettering; the colors, finishes and types of materials used; and (if applicable and Landlord consents) any provisions for illumination. If during the Lease Term (and any extensions thereof) (a) Tenant is in default under the terms of the Lease after the expiration of applicable cure periods; or (b) Tenant fails to continuously occupy at least 20,000 |
Matter ID Number: 13883
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rentable square feet of the Premises; or (c) Tenant assigns the Lease to a non-affiliated entity or subleases more than 15% of the Premises to one or more non-affiliated entities, then Tenants rights granted herein will terminate and Landlord may remove Tenants name from the Sign at Tenants sole cost and expense. |
8.06. | Parking. Effective as of the Expansion Effective Date, Section 2 of Exhibit G (Parking Agreement) of the Lease is hereby amended to increase Tenants non-reserved parking spaces from 128 to 194. Such additional spaces shall be free of charge during the initial Term of the Lease and shall be subject to all of the terms and conditions of the Parking Agreement. Landlord agrees that until such time as consistent actual demand for visitor parking and/or for the retail portion of the Building occurs such that the whole of the first floor of the parking garage is needed for regular occupancy by retail customers and visitors to the Buildings tenants, including Tenant, as reasonably determined by Landlord, Tenant may use a reasonable and practical portion of its non-reserved parking spaces on the first floor of the parking garage serving the Building. | ||
8.7. | Landlords Notice Address. The Landlords Notice Address set forth in Section 1.12 of the Lease is hereby deleted in its entirety and replaced with the following: |
LANDLORDS NOTICE ADDRESS: | ||||||||
CA-Parkside Towers Limited Partnership | With a copy to: | |||||||
c/o Equity Office Management, L.L.C. | Equity Office | |||||||
950 Tower Lane | One Market, Spear Tower, | |||||||
Suite 950 | Suite 600 | |||||||
Foster City, California 94404 | San Francisco, California 94105 | |||||||
Attention: Property Manager | Attention: Regional Counsel - San Francisco Region |
Notwithstanding anything to the contrary contained in the Lease, Rent shall be made payable to the entity, and sent to the address, Landlord designates and shall be made by good and sufficient check or by other means acceptable to Landlord. |
8.08 | Temporary Fitness Facility and Access. For purposes of Section 4 of Exhibit F of the Lease, following the date hereof, the Fitness Center Space shall be relocated to an area of up to 5,000 rentable square feet designated by Landlord within the 7th Floor Refusal Space, as defined in Section 8.03(B). | ||
Solely during the period that Tenant is entitled to use the Fitness Center Space pursuant to Section 4 of Exhibit F of the Lease, Tenant shall have the non-exclusive license (License) to use a portion of the 7th Floor Refusal Space, in a location reasonably designated by Landlord, to the extent reasonably necessary for purposes of ingress and egress to the Fitness Center Space and for no other purpose. Tenants use of the 7th Floor Refusal Space pursuant to the License, as well as Tenants use of the Fitness Center Space, shall be subject to Tenants insurance, indemnification and waiver of subrogation obligations under the Lease as if the same were part of the Premises. | |||
8.09 | Letter(s) of Credit. Landlord acknowledges that as of the date hereof Landlord is holding a Letter of Credit in the amount of $177,175.00, pursuant to Section 6 of the Lease (the Original Letter of Credit). Concurrently with Tenants execution and delivery of this Amendment to Landlord, Tenant shall deliver to Landlord an additional Letter of Credit (or an amendment to the Original Letter of Credit) meeting the requirements of this Section 8.09 for Letters of Credit and in the amount of (or increasing the original amount by) $46,105.00, such that thereafter Landlord is holding Letter(s) of Credit in the total amount of $223,280.00 (collectively, or as so amended, the Increased Letter of Credit). Effective as of the date of Landlords receipt and acceptance of the Increased Letter of Credit in accordance with the provisions hereof, the term Letter of Credit in the Lease shall thereafter refer to such Increased Letter of Credit. Landlord and Tenant agree that effective as of the date hereof, Paragraphs 2 and 3 of Section 6 of the Lease are hereby deleted in their entirety, and the following provisions are hereby added to the Lease as Section 5 of Exhibit F. |
Matter ID Number: 13883
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A. | General Provisions. The Letter of Credit shall be held by Landlord as collateral for the full performance by Tenant of all of its obligations under the Lease and for all losses and damages Landlord may suffer as a result of Tenants failure to comply with one or more provisions of this Lease, including, but not limited to, any post lease termination damages under section 1951.2 of the California Civil Code. The Letter of Credit shall be a standby, unconditional, irrevocable, transferable letter of credit in the form of Exhibit H of the Lease and containing the terms required herein, in the face amount required under the Lease (the Letter of Credit Amount), naming Landlord as beneficiary, issued (or confirmed) by a financial institution satisfactory to Landlord, permitting multiple and partial draws thereon, and otherwise in form reasonably acceptable to Landlord. Tenant shall cause the Letter of Credit to be continuously maintained in effect (whether through replacement, renewal or extension) in the Letter of Credit Amount through the date (the Final LC Expiration Date) that is 60 days after the scheduled expiration date of the Term or any renewal or extension Term. If the Letter of Credit held by Landlord expires earlier than the Final LC Expiration Date (whether by reason of a stated expiration date or a notice of termination or non-renewal given by the issuing bank), Tenant shall deliver a new Letter of Credit or certificate of renewal or extension to Landlord not later than 60 days prior to the expiration date of the Letter of Credit then held by Landlord. Any renewal or replacement Letter of Credit shall comply with all of the provisions of this Section 5 of Exhibit F, shall be irrevocable, transferable and shall remain in effect (or be automatically renewable) through the Final LC Expiration Date upon the same terms as the expiring Letter of Credit or such other terms as may be acceptable to Landlord in its sole discretion. | ||
B. | Drawings under Letter of Credit. Upon Tenants failure to comply with one or more provisions of the Lease beyond any applicable cure period or as otherwise specifically agreed to by Landlord and Tenant pursuant to the Lease or any amendment thereto, Landlord may, without prejudice to any other remedy provided in the Lease or by law, draw on the Letter of Credit and use all or part of the proceeds to (i) satisfy any amounts due to Landlord from Tenant, and (ii) satisfy any other damage, injury, expense or liability caused by Tenants failure to so comply. In addition, if Tenant fails to furnish such renewal or replacement at least 60 days prior to the stated expiration date of the Letter of Credit then held by Landlord, Landlord may draw upon such Letter of Credit and hold the proceeds thereof (and such proceeds need not be segregated) in accordance with the terms of this Section 5 of Exhibit F. | ||
C. | Use of Proceeds by Landlord. The proceeds of the Letter of Credit shall constitute Landlords sole and separate property (and not Tenants property or the property of Tenants bankruptcy estate) and Landlord may immediately upon any draw (and without notice to Tenant) apply or offset the proceeds of the Letter of Credit: (i) against any Rent payable by Tenant under the Lease that is not paid when due; (ii) against all losses and damages that Landlord has suffered or that Landlord reasonably estimates that it may suffer as a result of Tenants failure to comply with one or more provisions of the Lease, including any damages arising under section 1951.2 of the California Civil Code following termination of the Lease; (iii) against any costs incurred by Landlord in connection with the Lease (including attorneys fees); and (iv) against any other amount that Landlord may spend or become obligated to spend by reason of Tenants default. Provided Tenant has performed all of its obligations under the Lease, Landlord agrees to pay to Tenant within 45 days after the Final LC Expiration Date the amount of any proceeds of the Letter of Credit received by Landlord and not applied as allowed above; provided, that if prior to the Final LC Expiration Date a voluntary petition is filed by Tenant or any Guarantor, or an involuntary petition is filed against Tenant or any Guarantor by any of Tenants or Guarantors creditors, under the Federal Bankruptcy Code, then Landlord shall not be obligated to make such payment in the amount of the unused Letter of Credit proceeds until either all preference issues relating to payments under the Lease have been resolved in such bankruptcy or reorganization case or such bankruptcy or reorganization case has been dismissed, in each case |
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pursuant to a final court order not subject to appeal or any stay pending appeal. | |||
D. | Additional Covenants of Tenant. If, as result of any application or use by Landlord of all or any part of the Letter of Credit, the amount of the Letter of Credit shall be less than the Letter of Credit Amount, Tenant shall, within five days thereafter, provide Landlord with additional letter(s) of credit in an amount equal to the deficiency (or a replacement letter of credit in the total Letter of Credit Amount), and any such additional (or replacement) letter of credit shall comply with all of the provisions of this Section 5 of Exhibit F, and if Tenant fails to comply with the foregoing, notwithstanding anything to the contrary contained in the Lease, the same shall constitute an uncurable Default by Tenant. Tenant further covenants and warrants that it will neither assign nor encumber the Letter of Credit or any part thereof and that neither Landlord nor its successors or assigns will be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. | ||
E. | Nature of Letter of Credit. Landlord and Tenant (1) acknowledge and agree that in no event or circumstance shall the Letter of Credit or any renewal thereof or substitute therefor or any proceeds thereof (including the LC Proceeds Account) be deemed to be or treated as a security deposit under any Law applicable to security deposits in the commercial context, including Section 1950.7 of the California Civil Code, as such section now exist or as may be hereafter amended or succeeded (Security Deposit Laws), (2) acknowledge and agree that the Letter of Credit (including any renewal thereof or substitute therefor or any proceeds thereof) is not intended to serve as a security deposit, and the Security Deposit Laws shall have no applicability or relevancy thereto, and (3) waive any and all rights, duties and obligations either party may now or, in the future, will have relating to or arising from the Security Deposit Laws. Tenant hereby waives the provisions of Section 1950.7 of the California Civil Code and all other provisions of Law, now or hereafter in effect, which (i) establish the time frame by which Landlord must refund a security deposit under a lease, and/or (ii) provide that Landlord may claim from the Security Deposit only those sums reasonably necessary to remedy defaults in the payment of rent, to repair damage caused by Tenant or to clean the Premises, it being agreed that Landlord may, in addition, claim those sums specified in this Section 8.06 above and/or those sums reasonably necessary to compensate Landlord for any loss or damage caused by Tenants breach of this Lease or the acts or omission of Tenant or any other Tenant Related Parties, including any damages Landlord suffers following termination of the Lease. |
8.10 | Landlord Work and Shower Facility. Tenant acknowledges that Landlord has completed the Landlord Work and the Shower Facility as required under the Lease and has no further obligations to Tenant under the Work Letter attached thereto as Exhibit C. Landlord acknowledges that the foregoing shall not be interpreted to limit Landlords obligations to install a lobby directory including Tenants information, as provided in Paragraph 4 of Exhibit F to the Lease, and to install security card readers in the elevators in the Building pursuant to Section 7.01 (d) of the Lease. | ||
8.11 | Building Services. The following is hereby added to the end of Section 7.01 of the Lease: and (h) Landlord shall ensure that the building ledges visible from the Premises are maintained periodically so that they remain clean and tidy. |
9. | Miscellaneous. |
9.01. | This Amendment and the attached exhibits, which are hereby incorporated into and made a part of this Amendment, set forth the entire agreement between the parties with respect to the matters set forth herein. There have been no additional oral or written representations or agreements. Under no circumstances shall Tenant be entitled to any Rent abatement, improvement allowance, leasehold improvements, or other work to the Premises, or any similar economic incentives that may have been provided Tenant in connection with entering into the Lease, unless specifically set forth in this Amendment. |
Matter ID Number: 13883
9
9.02. | Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged and in full force and effect. | ||
9.03. | In the case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this Amendment shall govern and control. | ||
9.04. | Submission of this Amendment by Landlord is not an offer to enter into this Amendment. Landlord shall not be bound by this Amendment until Landlord has executed and delivered the same to Tenant. | ||
9.05. | The capitalized terms used in this Amendment shall have the same definitions as set forth in the Lease to the extent that such capitalized terms are defined therein and not redefined in this Amendment. | ||
9.06. | Tenant hereby represents to Landlord that Tenant has dealt with Wayne Mascia Associates (Broker) as broker in connection with this Amendment. Tenant agrees to indemnify and hold Landlord and the Landlord Related Parties harmless from all claims of any brokers other than Broker claiming to have represented Tenant in connection with this Amendment. Landlord agrees to pay a brokerage commission to Broker in accordance with the terms of a separate agreement to be entered into between Landlord and Broker. Landlord hereby represents to Tenant that Landlord has dealt with no broker in connection with this Amendment. Landlord agrees to indemnify and hold Tenant and the Tenant Related Parties harmless from all claims of any brokers claiming to have represented Landlord in connection with this Amendment. | ||
Equity Office Properties Management Corp. (EOPMC) is an affiliate of Landlord and represents only the Landlord in this transaction. Any assistance rendered by any agent or employee of EOPMC in connection with this Amendment or any subsequent amendment or modification hereto has been or will be made as an accommodation to Tenant solely in furtherance of consummating the transaction on behalf of Landlord, and not as agent for Tenant. | |||
9.07. | Each signatory of this Amendment represents hereby that he or she has the authority to execute and deliver the same on behalf of the party hereto for which such signatory is acting. |
Matter ID Number: 13883
10
LANDLORD: | ||||||||
CA-PARKSIDE TOWERS LIMITED PARTNERSHIP, a Delaware limited partnership | ||||||||
By: | EOM GP, L.L.C., a Delaware limited liability company, its general partner | |||||||
By: | Equity Office Management, L.L.C., a Delaware limited liability company, its non-member manager | |||||||
By: | /s/ Mark Geisreiter | |||||||
Name: | Mark Geisreiter | |||||||
Title: | Senior Vice President |
TENANT: | ||||||
QUINSTREET, INC., a California-corporation | ||||||
By: | /s/ Douglas J. Valenti | |||||
Name: | ||||||
Title: | President & CEO | |||||
By: | /s/ Michael McDauvgl | |||||
Name: | ||||||
Title: | V.P. and General Counsel |
Matter ID Number: 13883
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Matter ID Number: 13883
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Matter ID Number: 13883
13

Matter ID Number: 13883
14
1. | Landlord shall perform improvements to the Expansion Space in accordance with the plans prepared by AP+I Design, Inc. dated June 7, 2004 (the Expansion Space Plans), which are attached hereto as Exhibit B-1. The improvements to be performed by Landlord in accordance with the Expansion Space Plans are hereinafter referred to as the Expansion Space Landlord Work. It is agreed that construction of the Expansion Space Landlord Work will be completed at Landlords sole cost and expense (subject to the terms of Section 2 below) using the Building standard methods, materials and finishes attached hereto as Exhibit B-2. If any finishes or materials specified in the Expansion Space Landlord Work are or become unavailable or have long lead times that would delay Landlords completion of the Expansion Space Landlord Work, Landlord and Tenant shall work together in good faith to select alternative finishes or materials to allow Landlord to complete the Expansion Space Landlord Work in a timely manner. Landlord shall enter into a direct contract for the Expansion Space Landlord Work with Venture Builders as general contractor. In addition, Landlord shall have the right to select and/or approve of any subcontractors used in connection with the Expansion Space Landlord Work. Subject to Landlords obligations expressly set forth in Article 5 of the Lease, which Landlord agrees shall apply to the Expansion Space Landlord Work to the same extent applicable to the Landlord Work set forth in the original Lease, Landlords supervision or performance of any work for or on behalf of Tenant shall not be deemed a representation by Landlord that such Expansion Space Plans or the revisions thereto comply with applicable insurance requirements, building codes, ordinances, laws or regulations, or that the improvements constructed in accordance with the Expansion Space Plans and any revisions thereto will be adequate for Tenants use, it being agreed that Tenant shall be responsible for all elements of the design of Tenants plans (including, without limitation, compliance with law, functionality of design, the structural integrity of the design, the configuration of the premises and the placement of Tenants furniture, appliances and equipment). | |
2. | If Tenant shall request any revisions to the Expansion Space Plans, Landlord shall have such revisions prepared at Tenants sole cost and expense and Tenant shall reimburse Landlord for the cost of preparing any such revisions to the Expansion Space Plans, plus any applicable state sales or use tax thereon, upon demand. Promptly upon completion of the revisions, Landlord shall notify Tenant in writing of the increased cost in the Expansion Space Landlord Work, if any, resulting from such revisions to the Expansion Space Plans. Tenant, within three (3) Business Days, shall notify Landlord in writing whether it desires to proceed with such revisions. In the absence of such written authorization, Landlord shall have the option to continue work on the Expansion Space disregarding the requested revision. Tenant shall be responsible for any Tenant Delay in completion of the Expansion Space resulting from any revision to the Expansion Space Plans. If such revisions result in an increase in the cost of Expansion Space Landlord Work, such increased costs, plus any applicable state sales or use tax thereon, shall be payable by Tenant upon demand. Notwithstanding anything herein to the contrary, all revisions to the Expansion Space Plans shall be subject to the approval of Landlord; provided, however, that if Landlord does not disapprove Tenants requested revisions to the Expansion Plans prior to having such revisions prepared, then if Landlord proceeds with preparation of the revised Expansion Plans and thereafter disapproves the revisions for reasons other than (a) a violation of applicable fire or building codes, or of other Laws, (b) the triggering of a legal requirement for upgrades or alterations to the Premises or other parts of the Building, or (3) incompatibility or conflicts with Building systems, then Tenant shall not be obligated to reimburse Landlord for the cost of preparation of the revised Plans. | |
3. | This Expansion Space Work Letter shall not be deemed applicable to any additional space added to the Premises at any time or from time to time, whether by any options under the Lease (as amended hereby) or otherwise, or to any portion of the original Premises or any additions to the Premises in the event of a renewal or extension of the original Term of the Lease, whether by any options under the Lease (as amended hereby) or otherwise, unless expressly so provided in the Lease (as amended hereby) or any amendment or supplement to the Lease (as amended hereby). |
Matter ID Number: 13883
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Matter ID Number: 13883
16
AP+I DESIGN, INC. | Architecture Planning Interior Design |

Job No. 04158
1509 Industrial Road
San Carlos, CA 94070
| Full height insulated walls at all enclosed rooms. | ||
| T-Bar ceiling with parabolic fixtures at all enclosed rooms. | ||
| At all open office locations ceiling will be exposed with a system in place for cable management. Landlord has asked the installing contractor to do a mockup of the proposed ceiling to review with all parties. Until that time Landlord is willing to commit to providing a ceiling that is mutually agreeable for both parties. | ||
| Ceiling will be exposed, therefore all overhead cabling, ductwork, etc. must be clean and installed in an organized neat manner. | ||
| Pendant hung strip fixtures used in open office areas to match standard on eighth floor. | ||
| Doors will be natural maple veneer (3-0 x 9-0) with brushed aluminum sidelights (2-6 x 9-0). Door hardware-polished chrome. | ||
| Carpet: In open office areas Bigelow Camden. In closed teaming/conference areas Bigelow Cyberweave. Rubber base Burke. | ||
| VCT: In server room, storage room and breakroom Armstrong. | ||
| Provide upper and lower cabinets in breakroom w/ dishwasher and garbage disposal. Upper and lower cabinets in copy/mail area. | ||
| Electrical requirements: |
Conference rooms floor power/data/phone in center of room
Phone rooms 1 power 1 phone/data
Server room refer to eight floor TI
Matter ID Number: 13883
17
May 26, 2004
Page Two
| Provide building standard stone tile at elevator lobby floor. Provide stone tile base. | |
| Provide painted walls, ceiling and painted elevator doors and trims. | |
| Provide wall sconces to match bldg. standard. | |
| Provide 2-0 soffit at perimeter of ceiling. | |
| Provide building standard can lights at ceiling. |
Principal
Signature | Date |
A. | Landlord and Tenant are parties to that certain lease dated June 2, 2003, which lease has been previously amended by that certain First Amendment dated June 24, 2004 (the First Amendment) (collectively, the Lease). Pursuant to the Lease, Landlord has leased to Tenant space currently containing approximately 53,877 rentable square feet (the Premises) described as Suite Nos. 700 and 800 on the 7th and 8th floors, respectively, of the building commonly known as Parkside Tower East located at 1051 East Hillsdale Boulevard, Foster City, California (the Building). | |
B. | Tenant and Landlord mutually desire that the Lease be amended on and subject to the following terms and conditions. |
1. | Amendment. Effective as of the date hereof, Landlord and Tenant agree that the Lease shall be amended in accordance with the following terms and conditions: |
1.01. | Temporary Fitness Center Space. |
A. | As of February 28, 2005, the Lease shall terminate with respect to the Fitness Center Space, as set forth in Section 8.08 of the First Amendment, and Tenant shall surrender the Fitness Center Space to Landlord pursuant to Section 25 of the Lease. During the period beginning on March 1, 2005 and ending on March 31, 2005 (such period being referred to herein as the Temporary Fitness Center Space Term), Landlord shall allow Tenant to use approximately 3,000 rentable square feet of space located on the 4th floor of the Building as shown on Exhibit A of this Amendment (the Temporary Fitness Center Space) for the placing of exercise equipment and use as a fitness center by Tenants employees only, all at Tenants sole risk and Tenants sole cost and expense. THE TEMPORARY FITNESS CENTER SPACE TERM SHALL AUTOMATICALLY RENEW FOR CONSECUTIVE PERIODS OF 1 MONTH EACH UNTIL TERMINATED BY EITHER PARTY BY THE DELIVERY OF NOT LESS THAN 30 DAYS PRIOR WRITTEN NOTICE TO THE OTHER PARTY. Such Temporary Fitness Center Space shall be accepted by Tenant in its as-is condition and configuration, it being agreed that Landlord shall be under no obligation to perform any work in the Temporary Fitness Center Space or to incur any costs in connection with Tenants move in, move out or occupancy of the Temporary Fitness Center Space. Tenant acknowledges that it shall be entitled to use and occupy the Temporary Fitness Center Space at its sole cost, expense and risk. Tenant shall not construct any improvements or make any alterations of any type to the Temporary Fitness Center Space unless Tenant has first complied with all requirements of Section 9 of the Lease. All costs in connection with making the Temporary Fitness Center Space ready for occupancy by Tenant shall be the sole responsibility of Tenant. As a condition of Tenants use of the Temporary Fitness Center Space, and prior to the use of the Temporary Fitness Center Space by and of Tenants employees, Tenant shall comply with the requirements contained in the email from the Foster City Fire Marshal, attached hereto as Exhibit B (the Foster City Fire Marshal Requirements). Tenants failure to comply with the Foster City Fire Marshal Requirements shall automatically terminate any rights granted to Tenant to use the Temporary Fitness Center Space. |
Matter ID #: 18445
B. | During the Temporary Fitness Center Space Term, the Temporary Fitness Center Space shall be subject to the terms and conditions of the Lease, including, without limitation, Section 13 (Indemnity and Waiver of Claims), Section 14 (Insurance) and Section 15 (Subrogation), except as expressly modified herein and except that (i) Tenant shall not be entitled to receive any allowances, abatement or other financial concession in connection with the Temporary Fitness Center Space which was granted with respect to the Premises unless such concessions are expressly provided for herein with respect to the Temporary Fitness Center Space, (ii) the Temporary Fitness Center Space shall not be subject to any renewal or expansion rights of Tenant under the Lease, (iii) Tenant shall not be required to pay Base Rent for the Temporary Space during the Temporary Fitness Center Space Term, and (iv) Tenant shall not be required to pay Tenants Pro Rata Share of Expenses and Taxes for the Temporary Fitness Center Space during the Temporary Fitness Center Space Term. | ||
C. | Upon termination of the Temporary Fitness Center Space Term, Tenant shall vacate the Temporary Fitness Center Space and deliver the same to Landlord in the same condition that the Temporary Fitness Center Space was delivered to Tenant, ordinary wear and tear excepted. At the expiration or earlier termination of the Temporary Fitness Center Space Term, Tenant shall remove all debris, all items of Tenants personalty, and any trade fixtures of Tenant from the Temporary Fitness Center Space. Tenant shall be fully liable for all damage Tenant or Tenants agents, employees, contractors, or subcontractors cause to the Temporary Fitness Center Space. | ||
D. | Tenant shall have no right to hold over or otherwise occupy the Temporary Fitness Center Space at any time following the expiration or earlier termination of the Temporary Fitness Center Space Term, and in the event of such holdover, Landlord shall immediately be entitled to institute dispossessory proceedings to recover possession of the Temporary Fitness Center Space, without first providing notice thereof to Tenant. In the event of holding over by Tenant after expiration or termination of the Temporary Fitness Center Space Term without the written authorization of Landlord, Tenant shall pay, for such holding over, $6,150.00 for each month or partial month of holdover, plus all consequential damages that Landlord incurs as a result of the Tenants hold over. During any such holdover, Tenants occupancy of the Temporary Fitness Center Space shall be deemed that of a tenant at sufferance, and in no event, either during the Temporary Fitness Center Space Term or during any holdover by Tenant, shall Tenant be determined to be a tenant-at-will under applicable law. While Tenant is occupying the Temporary Fitness Center Space, Landlord or Landlords authorized agents shall be entitled to enter the Temporary Fitness Center Space, upon reasonable notice, to display the Temporary Fitness Center Space to prospective tenants. |
1.02. | Landlords Notice Address. The Landlords Notice Address as set forth in the Basic Lease Information of the Lease is hereby deleted in its entirety and replaced with the following: |
ADDRESS OF LANDLORD: | With a copy to: | |||
CA-Parkside Towers Limited Partnership | Equity Office | |||
c/o Equity Office | One Market, Spear Tower, | |||
950 Tower Lane, Suite 950 | Suite 600 | |||
Foster City, California 94404 | San Francisco, California 94105 | |||
Attention: Property Manager | Attention: Regional Counsel | |||
San Francisco Region |
Notwithstanding anything to the contrary contained in the Lease, as amended hereby, Rent shall be made payable to the entity, and sent to the address, Landlord designates and shall be made by good and sufficient check or by other means acceptable to Landlord. |
Matter ID #: 18445
2. | Miscellaneous. |
2.01. | This Amendment and the attached exhibits, which are hereby incorporated into and made a part of this Amendment, set forth the entire agreement between the parties with respect to the matters set forth herein. There have been no additional oral or written representations or agreements. Under no circumstances shall Tenant be entitled to any Rent abatement, improvement allowance, leasehold improvements, or other work to the Premises, or any similar economic incentives that may have been provided Tenant in connection with entering into the Lease, unless specifically set forth in this Amendment. | ||
2.02. | Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged and in full force and effect. | ||
2.03. | In the case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this Amendment shall govern and control. | ||
2.04. | Submission of this Amendment by Landlord is not an offer to enter into this Amendment but rather is a solicitation for such an offer by Tenant. Landlord shall not be bound by this Amendment until Landlord has executed and delivered the same to Tenant. | ||
2.05. | The capitalized terms used in this Amendment shall have the same definitions as set forth in the Lease to the extent that such capitalized terms are defined therein and not redefined in this Amendment. | ||
2.06. | Tenant hereby represents to Landlord that Tenant has dealt with no broker in connection with this Amendment. Tenant agrees to indemnify and hold Landlord and the Landlord Related Parties harmless from all claims of any brokers claiming to have represented Tenant in connection with this Amendment. Landlord hereby represents to Tenant that Landlord has dealt with no broker in connection with this Amendment. Landlord agrees to indemnify and hold Tenant and the Tenant Related Parties harmless from all claims of any brokers claiming to have represented Landlord in connection with this Amendment. | ||
2.07. | Each signatory of this Amendment represents hereby that he or she has the authority to execute and deliver the same on behalf of the party hereto for which such signatory is acting. |
Matter ID #: 18445
LANDLORD: | ||||
CA-PARKSIDE TOWERS LIMITED PARTNERSHIP, a Delaware limited partnership | ||||
By: | EOM GP, L.L.C., a Delaware limited liability | |||
company, its general partner |
By: | Equity Office Management, L.L.C., a Delaware limited liability company, its non-member manager |
By: | /s/ Kenneth Young | |||||
Name: | Kenneth Young | |||||
Title: | Managing Director, Leasing |
TENANT: | ||||||
QUINSTREET, INC., a California corporation | ||||||
By: | /s/ Michael McDonough | |||||
Name: | Michael McDonough | |||||
Title: | V.P. Secretary & General Counsel | |||||
By: | /s/ Bronwyn Syiek | |||||
Name: | Bronwyn Syiek | |||||
Title: | COO |
Matter ID #: 18445

Matter ID #: 18445
| The work will need to be approved by the City of Foster City. | |
| The work will need to be permitted. |
01/31/2005 10:26 AM
To | ||||
< ***@***>, Chuck Haney | ||||
< ***@***> | ||||
cc < ***@***> | ||||
Subject | ||||
RE: Quinstreet Gym |
Fire Marshal
FCFD
Chuck Haney
Chief Building Offical
Matter ID #: 18445
(Lease Extension)
Months | Monthly Base Rent Rate | Monthly Base Rent | ||
November 1, 2009 October 31, 2010 | $2.65 psf | $142,774.05 |
1
6475 Christie Avenue, Suite 550
Emeryville, CA 94608
Attention: Parkside Towers Property Manager
Telephone: (510) 594-2050
Facsimile: (510) 594-2049
500 Three Galleria Tower
13155 Noel Road
Dallas, Texas 75240
Attention: Parkside Towers Asset Manager
Telephone: (972) 715-7497
Facsimile: (972) 715-5816
2
3
LANDLORD: | TENANT: | |||||
PARKSIDE TOWERS, L.P., | QUINSTREET, INC., | |||||
a Delaware limited partnership | a California corporation |
By: | Harvest Parkside Investors, LLC, | By: | /s/ Daniel E. Caul | |||||||
a Delaware limited liability company, | Name: | Daniel E. Caul, | ||||||||
its General Partner | Title: | Senior Vice President, General Counsel & Secretary |
By: | /s/ Joss Hanna | By: | /s/ Kenneth Hahn | |||||||
Name: | JOSS HANNA | Name: | KENNETH HAHN | |||||||
Title: | VP | Title: | SVP FINANCE & CFO |
[If Tenant is a corporation, Tenant should have one officer from each of the following categories sign for Tenant: (a) a president, vice president or chairman of the board and (b) a secretary, assistant secretary, chief financial officer or assistant treasurer (unless the Amendment is returned accompanied by a corporate resolution identifying a single authorized signatory).] |
4