EX-10.3 4 ex10-3.htm SECOND AMENDMENT TO LEASE, DATED JULY 1, 2007 ex10-3.htm SECOND AMENDMENT
THIS SECOND AMENDMENT TO LEASE is dated as of July 1, 2007 and is made between CYPRESS SEMICONDUCTOR CORPORATION, as Landlord, and SUNPOWER CORPORATION, as Tenant, to be a part of that certain Office Lease Agreement and all exhibits thereto, dated for reference purposes only as of May 15, 2006.(the “Original Lease”), concerning approximately 43,732 rentable square feet (“RSF”), and concerning cubicle space approximately 3,732 USF, and open space for 2,066 located within the Premises stated in the Original Lease. The Premises are located within the Building commonly known as Building #3, (the“Building”), located at 3939 N. First Street (the “Land”) as shown on the floor plan on Exhibit "A".
(See Section 1.1).
Landlord and Tenant now desire to modify the Original Lease and, in consideration of the mutual promises contained herein and for the other good and valuable consideration, the receipt and sufficiency of which the parties hereby acknowledge, Landlord and tenant hereby agree, intending to be bound thereby, that the Original Lease is modified and supplemented in accordance with the terms and conditions set forth below:
a. | Premises: Approximately 51,228 rentable square feet. The Premises are located within the Building as shown on Exhibit “A-1” (See revisions on Section 1.1) |
Lease Months | Monthly Base Rent / SF | Monthly Base |
| | |
1-8 | $2.16 / SF | $ 94,461 |
9-12 | $2.16 / SF | $ 94,461 |
13 | $2.25 / SF | $ 98,397 |
14 | $2.25 / SF | $ 106,830 |
15-24 | $2.25 / SF | $ 115,263 |
25-36 | $2.34 / SF | $ 119,873 |
37-48 | $2.43 / SF | $ 124,484 |
49-60 | $2.53 / SF | $ 129,606 |
2. | Article 1 Section 1.1, Premises, the Premises is hereby expanded to include additional cubicle and open space consisting of approximately 5,388 usable square feet (“USF”) effective July 1, 2007. The Premises shall now contain approximately 51,228 square feet. |
3. | Article 2, Section 2.1, Base Rent, the monthly base rent remains up to the 8th month or December 31, 2006 as per Original Lease . The monthly base rent shall be adjusted to include the additional space rent effective on the 15th month of the Original Lease or July 1, 2007 as shown in the Base Rent Table (b) of the Basic Terms of this First Amendment. |
4. | Exhibit “A”, the Floor Plan shall be amended as shown in Exhibit A-1 of the First Amendment. |
5. | In the event of any inconsistency between this Second Amendment and the Original Lease, the terms in this Second Amendment shall prevail. Except as modified herein, the Original Lease remains in full force and effect. |
IN WITNESS WHEREOF, the parties hereto have executed this Second Amendment to Lease as of the date first set forth above.
Signed, sealed and delivered in the presence of: | CYPRESS SEMICONDUCTOR CORP: |
| By: /s/ CHRIS FORD |
Name: | Name: Chris Ford |
(Print or Type Name) | Title: Facilities Manager |
| |
Name | |
(Print ot Type Name) | Dated: 10/2/07 |
| By: /s/ |
Name: | Name: |
(Print or Type Name) | Title: |
| |
Name | |
(Print ot Type Name) | Dated: 10/2/07 |