Exhibit 10.2

 

FIRST LEASE AMENDMENT

 

This FIRST LEASE AMENDMENT (this “Amendment”) is entered into as of December 1,
2003, by and between OMNICELL, INC., a Delaware corporation (“Tenant”), and
SHORELINE PARK, LLC, a Delaware limited liability company (“Landlord”), with
reference to the following facts:

 

A.            Landlord and Tenant entered into that certain Lease, dated June
12, 2003 (the “Lease”), for the lease by Tenant of space at 1201 Charleston
Road, Mountain View, California, as more particularly described in the Lease
(the “Premises”). All capitalized terms referred to in this Amendment shall have
the same meaning defined in the Lease, except where expressly defined to the
contrary in this Amendment.

 

B.            Tenant and Landlord desire to amend the Lease upon the terms and
conditions hereinafter set forth.

 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
hereinafter contained, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

 

1.             Base Monthly Rent. Section K of the Summary in the Lease is
hereby amended in its entirety as follows:

 

Months

 

Monthly Amount

 

Amount/RSF

 

1 – 17

 

-0-

 

-0-

 

18 – 29

 

$

113,093.50

 

$

1.30

 

30 – 41

 

$

117,443.25

 

$

1.35

 

42 – 53

 

$

121,793.00

 

$

1.40

 

54 – 65

 

$

130,492.50

 

$

1.50

 

 

In the event the actual rentable square footage of the Premises is more or less
than 86,995, as determined in accordance with Paragraph 8 of Exhibit B to the
Lease, the amount of the Base Monthly Rent will be adjusted accordingly.

 

If the Commencement Date is other than the first day of a calendar month, then
Base Monthly Rent during the eighteenth calendar month of the Term shall be
reduced, and no Base Monthly Rent shall be payable for the same number of days
during the 18th calendar month as the number of days between the Commencement
Date and the first day of the calendar month in which the Commencement Date
occurs (so that, for example, If the Commencement date occurs on the 14th day of
January, no Base Monthly Rent shall be payable during the next succeeding 17
calendar months plus the first 14 days of the 18th calendar month [June], with
Base Monthly Rent becoming payable commencing June 15th).

 

2.             Lease Term. Section J of the Summary of the Lease is hereby
amended to provide for an extension of the Lease Term to 65 calendar months
(plus the partial month following the Commencement Date if such date is not the
first day of a month).

 

3.             Consideration. In consideration for Landlord’s agreement to
extend the Lease Term and enter into this Amendment, Tenant covenants and agrees
to spend $473,594.00 towards the purchase of the furniture, fixtures and
equipment for the Premises, Which will be part of the FF&E described in

 

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Paragraph 7 of Exhibit B to the Lease. Landlord and Tenant will mutually
determine whether the payment is to be made to Landlord for payment to the
vendor or by Tenant directly to the provider of the FF&E. If payment is made to
the provider of the FF&E, Tenant agrees to provide reasonable supporting
documentation or such expenditure to Landlord. Landlord shall own the FF&E and
Tenant shall have full use and enjoyment of the FF&E during the entire Term of
this Lease, including any extensions thereof. Landlord shall be responsible for
insuring the FF&E and for replacement or restoration of the FF&E in the event of
any casualty, unless the Lease is terminated in accordance with the provisions
of Section 11.2 or 11.3. Tenant shall be responsible for maintaining the FF&E
and shall surrender the FF&E upon expiration or earlier termination of the Lease
in the same condition received, normal wear and tear excepted.

 

4.             General Provisions.

 

4.1           Miscellaneous. Landlord and Tenant each agree to execute any and
all documents and agreements reasonably requested by the other party to further
evidence or effectuate this Amendment. This Amendment shall be binding upon and
inure to the benefit of the parties hereto and their successors and assigns As
amended hereby, the Lease shall remain in full force and effect. In case of any
conflict between any term or provision of this Amendment and the Lease, the term
or provision of this Amendment shall govern.

 

4.2           Counterparts. This Amendment may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which when
taken together shall constitute one agreement. Any facsimile signature shall
constitute a valid and binding method for a party to execute this Amendment.

 

4.3           Authority. Each party represents and warrants to the other that it
is duly authorized to enter into this Amendment and perform its obligations
without the consent or approval of any other party and that the person signing
on its behalf is duly authorized to sign on behalf of such party.

 

IN WITNESS WHEREOF, this Amendment has been executed as of the date first set
forth above.

 

 

LANDLORD:

 

TENANT:

 

 

 

SHORELINE PARK, LLC

 

OMNICELL, Inc.

a Delaware limited liability company

 

a Delaware corporation

 

 

 

 

 

 

 

 

By:

Divco West Group, LLC,

 

By:

/s/ Jeffrey West

 

a Delaware limited liability company

 

Name:

Jeffrey West

 

Its Agent

 

Title:

VP Finance

 

 

 

 

 

 

By:

/s/ Scott L. Smithers

 

Dated:

12/1/03

 

Name:

Scott L. Smithers

 

 

 

 

Its:

Dir. of Develop.

 

 

 

Dated:

12/1/03

 

 

 

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