##### 



Exhibit 10.23
 LEASE
 BY AND BETWEEN
 JERONIMO TECHNOLOGY PARTNERS LLC,
a California limited liability company
 as Landlord
 and
 SILICON IMAGE, INC.
a Delaware corporation
 as Tenant
 September 22, 2005




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##### 



Table Of Contents
 PageARTICLE 1 REFERENCE
    
    
    11.1 References
    
    
    1ARTICLE 2 LEASED PREMISES, TERM AND POSSESSION
    
    
    32.1 Demise Of Leased Premises
    
    
    32.2 Right To Use Common Areas
    
    
    32.3 Lease Commencement Date And Lease Term
    
    
    32.4 Delivery Of Possession
    
    
    32.5 Acceptance Of Possession; Performance Of Improvement Work
    
    
    32.6 Surrender Of Possession
    
    
    4ARTICLE 3 RENT, LATE CHARGES AND SECURITY DEPOSITS
    
    
    43.1 Base Monthly Rent
    
    
    43.2 Additional Rent
    
    
    43.3 Year-End Adjustments
    
    
    53.4 Late Charge, And Interest On Rent In Default
    
    
    53.5 Payment Of Rent
    
    
    53.6 Prepaid Rent
    
    
    53.7 Security Deposit
    
    
    5ARTICLE 4 USE OF LEASED PREMISES AND COMMON AREA
    
    
    64.1 Permitted Use
    
    
    64.2 General Limitations On Use
    
    
    64.3 Noise And Emissions
    
    
    64.4 Trash Disposal
    
    
    64.5 Parking
    
    
    74.6 Signs
    
    
    74.7 Compliance With Laws And Restrictions
    
    
    74.8 Compliance With Insurance Requirements
    
    
    74.9 Landlords Right To Enter
    
    
    84.10 Use Of Common Areas
    
    
    84.11 Environmental Protection
    
    
    84.12 Rules And Regulations
    
    
    104.13 Reservations
    
    
    10ARTICLE 5 REPAIRS, MAINTENANCE, SERVICES AND UTILITIES
    
    
    105.1 Repair And Maintenance
    
    
    105.2 Services
    
    
    105.3 Security
    
    
    125.4 Energy And Resource Consumption
    
    
    125.5 Limitation Of Landlords Liability
    
    
    13ARTICLE 6 ALTERATIONS AND IMPROVEMENTS
    
    
    136.1 By Tenant
    
    
    136.2 Ownership Of Improvements
    
    
    136.3 Alterations Required By Law
    
    
    146.4 Liens
    
    
    14ARTICLE 7 ASSIGNMENT AND SUBLETTING BY TENANT
    
    
    147.1 By Tenant
    
    
    147.2 Merger, Reorganization, or Sale of Assets
    
    
    157.3 Landlords Election
    
    
    157.4 Conditions To Landlords Consent
    
    
    16




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##### 



Table Of Contents  (CONTINUED)
 Page7.5 Assignment Consideration And Excess Rentals Defined
    
    
    177.6 Payments
    
    
    177.7 Good Faith
    
    
    177.8 Effect Of Landlords Consent
    
    
    17ARTICLE 8 LIMITATION ON LANDLORDS LIABILITY AND INDEMNITY
    
    
    178.1 Limitation On Landlords Liability And Release
    
    
    178.2 Tenants Indemnification Of Landlord
    
    
    18ARTICLE 9 INSURANCE
    
    
    189.1 Tenants Insurance
    
    
    189.2 Landlords Insurance
    
    
    199.3 Mutual Waiver Of Subrogation
    
    
    20ARTICLE 10 DAMAGE TO LEASED PREMISES
    
    
    2010.1 Landlords Duty To Restore
    
    
    2010.2 Insurance Proceeds
    
    
    2010.3 Landlords Right To Terminate
    
    
    2010.4 Tenants Right To Terminate
    
    
    2010.5 Tenants Waiver
    
    
    2110.6 Abatement Of Rent
    
    
    21ARTICLE 11 CONDEMNATION
    
    
    2111.1 Tenants Right To Terminate
    
    
    2111.2 Landlords Right To Terminate
    
    
    2111.3 Restoration
    
    
    2111.4 Temporary Taking
    
    
    2111.5 Division Of Condemnation Award
    
    
    2111.6 Abatement Of Rent
    
    
    2211.7 Taking Defined
    
    
    22ARTICLE 12 DEFAULT AND REMEDIES
    
    
    2212.1 Events Of Tenants Default
    
    
    2212.2 Landlords Remedies
    
    
    2312.3 Landlords Default And Tenants Remedies
    
    
    2412.4 Limitation Of Tenants Recourse
    
    
    2412.5 Tenants Waiver
    
    
    24ARTICLE 13 GENERAL PROVISIONS
    
    
    2513.1 Taxes On Tenants Property
    
    
    2513.2 Holding Over
    
    
    2513.3 Subordination To Mortgages
    
    
    2513.4 Tenants Attornment Upon Foreclosure
    
    
    2613.5 Mortgagee Protection
    
    
    2613.6 Estoppel Certificate
    
    
    2613.7 Tenants Financial Information
    
    
    2613.8 Transfer By Landlord
    
    
    2613.9 Force Majeure
    
    
    2713.10 Notices
    
    
    2713.11 Attorneys Fees and Costs
    
    
    2713.12 Definitions
    
    
    2713.13 General Waivers
    
    
    2913.14 Miscellaneous
    
    
    30




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##### 



Table Of Contents  (CONTINUED)
 Page13.15 Patriot Act Compliance
    
    
    30ARTICLE 14 CORPORATE AUTHORITY BROKERS AND ENTIRE AGREEMENT
    
    
    3114.1 Corporate Authority
    
    
    3114.2 Brokerage Commissions
    
    
    3114.3 Entire Agreement
    
    
    3114.4 Landlords Representations
    
    
    31ARTICLE 15 OPTION TO EXTEND
    
    
    31ARTICLE 16 RIGHT OF FIRST OFFER
    
    
    33




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##### 



LEASE
 This
Lease Jeronimo Technology Partners LLC Silicon Image, Inc.
 ARTICLE 1
 REFERENCE
 1.1 References.
 Tenants Address for Notice:
    
    Silicon Image, Inc.1060 East Arques AvenueSunnyvale, CA 94085Tenants Representative:
    
    Richard ZyhylijLandlords Address for Notices:
    
    c/o Menlo Equities LLC490 California Avenue4th FloorPalo Alto, California 94306With a copy toc/o Menlo Equities LLC4400 MacArthur Boulevard, Suite 380Newport Beach, CA 92660Landlords Representative:
    
    Henry Bullock/Richard HolmstromPhone Number:
    
    (650) 326-9300Chad Iverson(949) 757-1521Lease Commencement Date:
    
    December 1, 2005Lease Expiration Date:
    
    November 30, 2008Options to Extend:
    
    One option to extend, for a term of three (3) years.One Months Prepaid Rent:
    
    $41,539.60Tenants Security Deposit:
    
    $44,117.92Late Charge Amount:
    
    Five Percent (5%) of the Delinquent AmountTenants Required LiabilityCoverage:
    
    $3,000,000 Combined Single LimitTenants Broker(s):
    
    Cushman & WakefieldProperty:
    
    That certain real property situated in the City of Irvine, County of Orange,
State of California, as presently improved with two buildings, which real
property is shown on the Site Plan attached hereto as Exhibit A and is
commonly known as or otherwise described as follows: 9401 & 9501 Jeronimo Road,
Irvine, California.Building:
    
    That certain building on the Property in which the Leased Premises are located
commonly known as 9501 Jeronimo Road, Irvine, California (the Building), which
Building is shown outlined on Exhibit A hereto.
 1.




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##### 



Common Areas:
    
    The term Common Areas shall mean all areas in the Building and the Property
not reserved for the exclusive use of Landlord, Tenant or any other tenant
limitation, plazas, walkways, private roadways, loading docks, parking areas,
landscaped areas, and the areas devoted to corridors, fire vestibules,
stairways, elevator foyers, lobbies, electric and telephone closets, rest rooms,
mechanical rooms and other similar facilities for the benefit of all tenants (or
invitees) or servicing the Building as a whole. Landlord reserves the right to
make changes to the Common Areas as it deems reasonably necessary.Leased Premises:
    
    The Leased Premises shall consist of approximately 28,648 rentable square feet
known as Suite 200 on the second floor of the Building and designated on Exhibit
A.Tenants Expense Share:
    
    The term Tenants Expense Share shall mean the percentage obtained by dividing
the rentable square footage of the Leased Premises at the time of calculation by
the rentable square footage of the Building at the time of calculation. In the
event that the rentable square footage of the Leased Premises or the Building is
otherwise changed, Tenants Expense Share shall be recalculated to equal the
percentage described in the first sentence of this paragraph, so that the
aggregate Tenants Expense Share of all tenants of the Building shall equal
100%. Tenants Expense Share is subject to adjustment as set forth in Paragraphs
13.12(b) and 13.12 (c).Base Monthly Rent:
    
    Base Monthly Rent shall mean the following:
 Months
    
    Rate/SF/MO
    
    Rent1
    
    $0
    
    Abated2-12
    
    $1.45
    
    $
    41,539.6013-24
    
    $1.49
    
    $
    42,685.5225-36
    
    $1.54
    
    $
    44,117.92
 Base Year
    
    Calendar year 2006Permitted Use:
    
    General office, engineering and related legal uses.Parking Spaces:
    
    78 parking spaces on an unassigned and unreserved basis and subject to the
provisions of Paragraph 4.5 herein. There shall be no separate charge for
parking during the initial Lease Term.Exhibits:
    
    The term Exhibits shall mean the Exhibits of this Lease which are described as
follows:Exhibit A  Floor PlanExhibit B  Tenant Work LetterExhibit C  Sample Form Subordination, Nondisturbance and Attornment ProvisionsExhibit D  Sample Form of Tenant Estoppel CertificateExhibit E  Rules and Regulations
 2.




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##### 



ARTICLE 2
 LEASED PREMISES, TERM AND POSSESSION
 2.1 Demise Of Leased Premises.
 (a)
 (b)
 2.2 Right To Use Common Areas.
 2.3 Lease Commencement Date And Lease Term.
 2.4 Delivery Of Possession.
 2.5 Acceptance Of Possession; Performance Of Improvement Work.
 3.




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##### 



2.6 Surrender Of Possession.
 ARTICLE 3
 RENT, LATE CHARGES AND SECURITY DEPOSITS
 3.1 Base Monthly Rent.
 3.2 Additional Rent.
 (a)
 (b)
 (c)
 (d)
 4.




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##### 



3.3 Year-End Adjustments.
 3.4 Late Charge, And Interest On Rent In Default.
 3.5 Payment Of Rent.
 3.6 Prepaid Rent.
 3.7 Security Deposit.
 5.




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##### 



ARTICLE 4
 USE OF LEASED PREMISES AND COMMON AREA
 4.1 Permitted Use.
 4.2 General Limitations On Use.
 4.3 Noise And Emissions.
 4.4 Trash Disposal.
 6.




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##### 



4.5 Parking.
 4.6 Signs. provided, however,
 4.7 Compliance With Laws And Restrictions.
 4.8 Compliance With Insurance Requirements.
 7.




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##### 



4.9 Landlords Right To Enter.
 4.10 Use Of Common Areas.
 4.11 Environmental Protection.
 (a) et seq. et seq. et seq. et seq. et seq. et seq. et seq. et seq. et seq. et seq. et seq. et seq. et seq.
 (b) provided, however,
 8.




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##### 



(c)
 (d)
 (e)
 (f)
 9.




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##### 



4.12 Rules And Regulations. Exhibit E
 4.13 Reservations
 ARTICLE 5
 REPAIRS, MAINTENANCE, SERVICES AND UTILITIES
 5.1 Repair And Maintenance.
 (a) Tenants Obligations.
 (b) Landlords Obligation
 5.2 Services.
 (a) Building Standard
Hours HVAC
 10.




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##### 



(b)
 (c)
 (d)
 (e)
 (f) [intentionally deleted]
 (g) Interruption of Service
 11.




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##### 



(i)
 (ii)
 (iii)
 (iv)
 (v)
 (vi)
     (h)
 5.3 Security.
 5.4 Energy And Resource Consumption.
 12.




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##### 



5.5 Limitation Of Landlords Liability.
 ARTICLE 6
 ALTERATIONS AND IMPROVEMENTS
 6.1 By Tenant.
 6.2 Ownership Of Improvements.
 13.




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6.3 Alterations Required By Law.
 6.4 Liens.
 ARTICLE 7
 ASSIGNMENT AND SUBLETTING BY TENANT
 7.1 By Tenant.
 (a)
 (b)
 (c)
 (d)
 (e)
 (f)
 (g)
 14.




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##### 



(h)
 (i)
 (j)
 (k)
 7.2 Merger, Reorganization, or Sale of Assets.
 (a)
 (b)
 7.3 Landlords Election.
 15.




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##### 



th
 7.4 Conditions To Landlords Consent.
 (a)
 (b)
 (c)
 (d)
 (e)
 (f)
 (i)
 (ii)
 (iii)
 16.




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7.5 Assignment Consideration And Excess Rentals Defined.
 7.6 Payments.
 7.7 Good Faith.
 7.8 Effect Of Landlords Consent.
 ARTICLE 8
 LIMITATION ON LANDLORDS LIABILITY AND INDEMNITY
 8.1 Limitation On Landlords Liability And Release.
 17.




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8.2 Tenants Indemnification Of Landlord.
 ARTICLE 9
 INSURANCE
 9.1 Tenants Insurance.
 (a)
 (i)
 (ii)
 (iii)
 (iv)
 (v)
 (vi)
 18.




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##### 



(vii)
 (viii)
 (b)
 (c)
 9.2 Landlords Insurance.
 (a)
 (b)
 19.




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##### 



(c)
 9.3 Mutual Waiver Of Subrogation. provided, however,
 ARTICLE 10
 DAMAGE TO LEASED PREMISES
 10.1 Landlords Duty To Restore.
 10.2 Insurance Proceeds.
 10.3 Landlords Right To Terminate
 (a)
 (b)
 (c)
 10.4 Tenants Right To Terminate.
 20.




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(a)
 (b)
 10.5 Tenants Waiver.
 10.6 Abatement Of Rent.
 ARTICLE 11
 CONDEMNATION
 11.1 Tenants Right To Terminate.
 11.2 Landlords Right To Terminate.
 11.3 Restoration.
 11.4 Temporary Taking.
 11.5 Division Of Condemnation Award. provided, however,
 21.




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11.6 Abatement Of Rent.
 11.7 Taking Defined.
 ARTICLE 12
 DEFAULT AND REMEDIES
 12.1 Events Of Tenants Default.
 (a)
 (b) provided
 (c)
 (d)
 (e)
 (f)
 (g)
 (h)
 (i)
 22.




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12.2 Landlords Remedies.
 (a)
 (b)
 (i)
 (ii)
 (iii)
 (c)
 (d)
 (i)
 (ii)
 (iii)
 (iv)
 23.




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##### 



(v)
 (e)
 12.3 Landlords Default And Tenants Remedies. provided that
 12.4 Limitation Of Tenants Recourse.
 (a)
 (b)
 (c)
  12.5 Tenants Waiver.
 24.




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##### 



ARTICLE 13
 GENERAL PROVISIONS
 13.1 Taxes On Tenants Property.
 13.2 Holding Over.
 13.3 Subordination To Mortgages.
 25.




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##### 



Exhibit C
 13.4 Tenants Attornment Upon Foreclosure.
 13.5 Mortgagee Protection.
 13.6 Estoppel Certificate. Exhibit
D
 13.7 Tenants Financial Information.
 13.8 Transfer By Landlord.
 26.




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##### 



13.9 Force Majeure.
 13.10 Notices.
 If to Landlord:
    
    Jeronimo Technology Partners LLCc/o Menlo Equities LLC490 California Avenue4th FloorPalo Alto, California 94306Attention: Henry Bullock/Richard HolmstromFacsimile: (650) 326-9333with a copy to:
    
    Cooley Godward llp101 California Street, 5th FloorSan Francisco, California 94111Attention: Paul ChurchillFacsimile: (415) 693-2222If to Tenant:
    
    Silicon Image, Inc.1060 East Arques AvenueSunnyvale, CA 94085Attention: Richard Zyhylij
  13.11 Attorneys Fees and Costs.
 13.12 Definitions.
 (a) Real Property Taxes.
 27.




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##### 



e.g.
 (b) Landlords Insurance Costs
 (c) Property Maintenance Costs
 (i)
 (ii)
 28.




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##### 



(iii)
 (iv)
 (d) Property Expense Increase
 (e) Law
 (f) Lender
 (g) Restrictions
 (h) Rent.
 13.13 General Waivers.
 29.




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##### 



13.14 Miscellaneous.
 13.15 Patriot Act Compliance.
 (a) Patriot Act
 (b) Patriot Act Offense Government
Lists
 30.




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##### 



OFAC
 ARTICLE 14
 CORPORATE AUTHORITY
BROKERS AND ENTIRE AGREEMENT
 14.1 Corporate Authority.
 14.2 Brokerage Commissions.
 14.3 Entire Agreement.
 14.4 Landlords Representations.
 ARTICLE 15
 OPTION TO EXTEND
 15.1
 (a)
 31.




---



##### 



(b)
 (c)
 15.2
 15.3
 15.4
 (a)
 32.




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##### 



(b)
 (c)
 (d)
 (e)
 ARTICLE 16
 RIGHT OF FIRST OFFER
 16.1
 (a) Procedure for Offer.
 (b) Procedure for Acceptance.
 33.




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##### 



th
 (c) Amendment to Lease.
 (d) Termination of Right of First Offer.
 In Witness Whereof,
 Landlord:
 Jeronimo Technology Partners llc,a California limited liability companyBy:
    
    Menlo Equities III LLC,a California limited liability company, its ManagerBy:
    
    Menlo Equities LLC,a California limited liability company,
its ManagerBy:
    
    Diamant Investments LLC, its MemberBy:
    
    /s/ Richard J. HolmstromDated: 9/22, 2005
    
    
    
    Richard J. HolmstromManager
 34.




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##### 



Tenant:Silicon Image, Inc.,a Delaware corporationDated: 9/16/05
    
    By:
    
    /s/ Steve TiradoTitle:
    
    CEODated:
    
    By:Title:
 35.




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Exhibit A
 SITE PLAN




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##### 



Exhibit B
 WORK LETTER
 This Work Letter Jeronimo Technology Partners LLC Silicon Image, Inc.
 1. Construction of Tenant Improvements.
 2. Space Planning.
 (a)
 (b)
 (c)
 (d)
 3. Approval of Working Drawings.
 (a)
 (b)
 (c)
 1.




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##### 



(d)
 4. Construction.
 (a)
 (b)
 (i)
 (ii)
 (iii)
 (iv)
 (c)
 (d)
 (e)
 (f)
 (g)
 (h)
 2.




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##### 



(i)
 5. Payment of Costs of the Improvement Work.
 (a)
 (b)
 (i)
 (ii)
 (iii)
 (iv)
  (c)
 (d)
 6. Completion of Improvement Work.
 (a)
 3.




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##### 



(i)
 (ii)
 (iii)
 (iv)
 In Witness Whereof,
 Landlord:Jeronimo Technology Partners LLC,a California limited liability companyBy:
    
    Menlo Equities III LLC,a California limited liability company,
its ManagerBy:
    
    Menlo Equities LLC,a California limited liability
company, its ManagerBy:
    
    Diamant Investments LLC, its MemberBy:
    
    /s/ Richard J. HolmstRichard J. HolmstManager
 
 Tenant:Silicon Image, Inc.,a California corporationBy:
    
    /s/ Steve TiradoIts:
    
    CEOBy:Its:
  4.




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Exhibit C
 SUBORDINATION, NONDISTURBANCE AND ATTORNMENT PROVISIONS
 RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:
 SUBORDINATION AGREEMENT; ACKNOWLEDGMENT OF LEASE ASSIGNMENT, ESTOPPEL,
ATTORNMENT AND NON-DISTURBANCE AGREEMENT
(Lease To Deed of Trust)
 NOTICE:
    
    THIS SUBORDINATION AGREEMENT RESULTS IN YOUR SECURITY INTEREST IN THE PROPERTY BECOMING
SUBJECT TO AND OF LOWER PRIORITY THAN THE LIEN OF SOME OTHER OR LATER SECURITY INSTRUMENT.
 
 RECITALS
 A.
    
    Pursuant to the terms and provisions of a lease dated  (Lease), Owner, as
Lessor, granted to Lessee a leasehold estate in and to a portion of the property described
on Exhibit A attached hereto and incorporated herein by this reference (which
property, together with all improvements now or hereafter located on the property, is defined
as the Property).
 B.
    
    Said Lease contains provisions and terms granting Lessee an option to purchase the Property
(the Option To Purchase).
 C.
    
    Owner has executed, a deed of trust with absolute assignment of leases and rents, security
agreement and fixture filing (Deed of Trust) securing, among other things, a promissory note
(Note) in the principal sum of  ($), dated
, in favor of Lender, which Note is payable with interest and upon the
terms and conditions described therein (Loan). The Deed of Trust recorded
.
 D.
    
    Lender requires that the Deed of Trust be unconditionally and at all times remain a lien on
the Property, prior and superior to all the rights of Lessee under the Lease and the Option To
Purchase and that the Lessee specifically and unconditionally subordinate the Lease and the
Option To Purchase to the lien of the Deed of Trust.
 E.
    
    Owner and Lessee have agreed to the subordination, attornment and other agreements herein in
favor of Lender.
  SUBORDINATION
 1.




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##### 



Prior Lien
 Subordination
 Whole Agreement
  Use of Proceeds
 Waiver, Relinquishment and Subordination
 ASSIGNMENT
 ESTOPPEL
 Lease Effective
 No Default
 Entire Agreement
 No Prepaid Rent
 ADDITIONAL AGREEMENTS
 Modification, Termination and Cancellation
 Notice of Default provided however
 No Advance Rents
 2.




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##### 



Assignment of Rents
 ATTORNMENT
 Payment of Rent
 Continuation of Performance
 No Offset
 Subsequent Transfer
 NON-DISTURBANCE provided however
 MISCELLANEOUS
 Heirs, Successors, Assigns and Transferees
 Notices
   provided however
 Counterparts
 3.




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##### 



Remedies Cumulative
 Paragraph Headings
 INCORPORATION Exhibit A
  NOTICE:
    
    THIS SUBORDINATION AGREEMENT CONTAINS A PROVISION WHICH ALLOWS THE PERSON OBLIGATED ON YOUR
REAL PROPERTY SECURITY TO OBTAIN A LOAN A PORTION OF WHICH MAY BE EXPENDED FOR OTHER PURPOSES
THAN IMPROVEMENT OF THE LAND.
 4.




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Exhibit D
 FORM OF ESTOPPEL CERTIFICATE
 
 
 
 
 
 
  LLC Exhibit A State reasons for request for estoppel certificate state names of other parties requiring certification
(e.g., lender, purchaser, investor)
 1.
 2.
 3.
 4.
 5.
 6.
 7.
 8.
 9.
   
 1.




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2.




---



##### 



Exhibit E
 RULES AND REGULATIONS
 10.
 11.
 12.
 13.
 14.
 15.
 16.
 17.
 18.
 1.




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##### 



19.
 20.
 21.
 22.
 23.
 24.
 25.
 26.
 27.
 28.
 29.
 30.
 31.
 32.
 33.
 34.
 2.




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35.
 36.
 3.