First Amendment to Lease Agreement between ProLogis Limited Partnership I and Volterra Semiconductor Corporation

Summary

This amendment updates the original lease agreement between ProLogis Limited Partnership I (landlord) and Volterra Semiconductor Corporation (tenant) for premises at 3839 Spinnaker Court, Fremont, California. The main change is that the tenant is no longer required to provide a letter of credit as additional security. All other terms of the original lease remain in effect unless they conflict with this amendment, in which case the amendment prevails.

EX-10.15 3 v013621_ex10-15.htm Unassociated Document

FIRST AMENDMENT TO LEASE AGREEMENT

THIS FIRST AMENDMENT TO LEASE AGREEMENT (the “First Amendment”) is made and entered into as of this 20 day of Oct , 2004, by and between ProLogis Limited Partnership I, a Delaware Limited Partnership (“Landlord”) and Volterra Semiconductor Corporation, a Delaware corporation (“Tenant”).

Landlord and Tenant entered into that certain Lease Agreement dated August 3, 2000 (the “Lease”) with respect to certain premises containing approximately 20,000 rentable square feet, as determined by Landlord, of the Building commonly known as 3839 Spinnaker Court, Fremont, California (“Premises”).

Landlord and Tenant therefore do agree that the following modifications will be made to the Lease:

1.	Letter of Credit: Addendum III of the Lease shall be deleted and Tenant shall have no obligation to provide a Letter of Credit for additional security.

Ratification; Conflict: Except as set forth in Paragraphs 1 above, the terms of the Lease remain unchanged and Landlord and Tenant hereby ratify and confirm all of said unchanged terms of the Lease. In the event of any conflict between the Lease and this First Amendment, the terms of this First Amendment shall govern.

IN WITNESS WHEREOF, Landlord and Tenant have executed this First Amendment as of the date first written above.

LANDLORD:			TENANT:

ProLogis Limited Partnership-I, a Delaware Limited Partnership			Volterra Semiconductor Corporation, a Delaware corporation

By: ProLogis, a Maryland Real Estate Investment Trust, its General Partner

By: /s/ W. Scott Lamson			By: /s/ Greg Hildebrand
W. Scott Lamson			GREG HILDEBRAND
Its: Senior Vice President			Its: CFO
Date: 10/20/04			Date: 10/5/04