EXHIBIT 10.1
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October 25, 1996
Junaid Sheikh Accom 1490 O'Brien Dr. Menlo Park, CA 94025
RE: Lease Extension
1490 O'Brien Drive, (Building 10), Menlo Park, CA
Dear Junaid:
This letter, when executed, will serve as a formal Agreement to extend and modify that certain lease dated January 28, 1992, for the Premises located at 1490 O'Brien Drive, Building 10, of Menlo Business Park, California (the "Lease"). Following are the conditions of the Agreement:
1. The commencement date of this extension shall be February 27, 1997 and the expiration shall be February 26, 2,000.
2. The term of the Lease extension shall be for a period of thirty six (36) months or three (3) years.
3. Paragraph 5 is hereby amended with the following monthly rent schedule
Year 1 $37,680/month Year 2 Year 1 plus CPI annual increase (min 3%, max 7%) Year 3 Year 2 plus CPI annual increase (min 3%, max 7%)
4. Paragraph 7, Security Deposit, is hereby amended to $37,680.00. Tenant shall deposit with Landlord an additional $6,330.24 to increase the current security deposit to this new amount.
5. Tenant warrants that there are no outside brokers except Tarlton Properties, Inc. acting as exclusive leasing agent for Menlo Business Park.
Lease Extension Accom, Inc. Page 2
6. Paragraph 17(c) is hereby amended as follo ...
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