Lease Agreement between Information Technology Park Ltd. and Synplicity for Office Space in Bangalore (2000-2003)

Summary

This lease agreement is between Information Technology Park Ltd. and Synplicity for office space at International Tech Park, Bangalore. The lease covers approximately 3,935.82 sq. ft. for a term of three years, with a phased rental payment structure and a security deposit equal to ten months' rent. Synplicity receives a two-month rent-free period (excluding maintenance and air conditioning fees). The agreement includes provisions for renewal, early termination, and payment of government fees by Synplicity. The lease starts on May 1, 2000, and ends on April 30, 2003.

EX-10.20 31 0031.txt LEASE DATED 01/27/2000 EXHIBIT 10.20 PROPOSAL: LEASE INTERNATIONAL TECH PARK, BANGALORE 1.0 COMPANY NAME SYNPLICITY 2.0 OFFICE SPACE SUBJECT PROPERTY/UNIT a) Type of Space : Office space innovator b) Floor : Level 3 c) Unit Number : Unit 02 d) Gross Floor Area/1/ : 3935.82 sq. ft approximately e) Tenancy : 3 Years f) Rental Rate : Rs. 35/- psf pm 3.0 SECURITY DEPOSIT A total of 10 months' rental of the subject unit to be paid as Security Deposit. This would be paid according to the following schedule: 1. Signing of Letter : 5 months' rental 2. On hand over of unit : 5 months' rental --------------------------------------------------------------------- Total : 10 months' rental 4.0 SPECIAL BENEFITS 1. A special offer of two months rent free period for XXXing out would be offered to Synplicity, as a special case. Operations and Maintenance fee and air-conditioning charges are payable during Rent free period. ______________ /1/ Rentals are paid on a super built area and are paid quarterly in advance. /s/ [ILLEGIBLE] /s/ [ILLEGIBLE] Synplicity will pay rentals for an area of 2500 sq. ft from the beginning of the lease period, for a period of six months, and from the beginning of the seventh month onwards Synplicity will pay rentals for the entire area of 3935.82 sq. ft. 5.0 OPERATIONS & MAINTENANCE FEE : Rs. $.70 psft Includes General maintenance, Lift Maintenance, Sanitary and Pluming, Common areas, Gondola cleaning, External areas, Fire Protection system, Building management, Security, Common area electrical system, Landscaping, Refuse disposal, and pest control. This is payable on super built area and are paid quarterly in advance. ITPL reserves the right to change the fee due to inflation and unforeseen circumstance. AIR CONDITIONING CHARGES: Rs. $.40 psft Air Conditioning charges include Operations and maintenance of Air Conditioning and mechanical ventilating System (AVMC) Operation of building management systems Power for operating A/C, Weekdays 12 hours (8am to 8pm) Saturdays 6 hours (8am to 2pm) 6.0 INTIMATION TO RENEWAL OF LEASE: The lessee must give a minimum of 6 months notice period in the event of renewal of lease and ITPL shall renew the lease provided there are no breaches of the terms and conditions of Indenture committed by the Lessee. 7.0 PREMATURE TERMINATION OF LEASE: In the event of termination of the lessee, the proposed acquirer lessee undertakes a minimum tenancy period of twelve months and also provides five months notice period or rent in lieu of the notice period. 8.0 STATE & CENTRAL GOVERNMENT FEES: All fees & payments to the state and central government with respect to the lease agreement and the leasing of the office unit will be borne by Synplicity. /s/ [ILLEGIBLE] /s/ [ILLEGIBLE] 9.0 VALIDITY: The above proposal is valid until 5th February 2000, subject to availability. In the event that the proposed unit is taken up, we will endeavor to assign the next most appropriate units that meet with your requirement. 10.0 HAND OVER DATE : 1/st/ March 2000 11.0 LEASE COMMENCEMENT DATE : 1/st/ May 2000 12.0 LEASE EXPIRY DATE : 30/th/ April 2003 Signed by and on behalf of FOR INFORMATION TECHNOLOGY PARK LTD /s/ [ILLEGIBLE] Authorized Signatory, We hereby accept the offer dated January 27 2000 on the above terms and conditions: Signed by and on behalf of FOR SYNPLICITY /s/ Douglas S. Miller Authorized Signatory, Douglas S. Miller VP Finance & CFO