First Amendment to Commerical Office Lease



 Exhibit 10.7 
 FIRST AMENDMENT TO 
 COMMERCIAL OFFICE LEASE 

THIS FIRST AMENDMENT TO COMMERCIAL OFFICE LEASE (the “Amendment”) is effective as of November 11, 2011 (the
“Effective Date”), by and between CAMPBELL TECHNOLOGY PARK, LLC, a California limited liability company (“Lessor”), and iWATT, INC., a California corporation (“Lessee”), who
agree as follows: 
 A. Lessor and Lessee entered into that certain Commercial Office Lease (the
“Lease”), dated July 20, 2011, for the property commonly known as 675 Campbell Technology Parkway, Suite 150, Campbell, California 95008. 
 B. Lessor and Lessee desire to amend the terms of the Lease to establish the Commencement Date and Expiration Date. 
 NOW, THEREFORE, in consideration of the mutual representations, warranties and covenants herein contained and for other good and valuable consideration cited herein, the parties agree as follows:

 1. Commencement Date. The parties hereby agree that the “Commencement Date”
shall be November 11, 2011. 
 2. Expiration Date. The parties hereby agree that the
“Expiration Date” shall be February 28, 2018. 
 3.
Base Rent. The third (3rd) sentence and
the Base Rent chart set forth in Section 3(a) of the Lease shall be deleted and replaced by the following: 
 “With the exception of
the partial month listed below, the monthly Base Rent shall be paid in advance on the first (1st) day of each calendar month as follows: 
  

							
	 Date
	  	Monthly
Period	  	Triple Net
Monthly Rent	 
			
	 11/11/2011 – 2/11/2012
	  	01 – 03	  	$	0	  
	 02/12/2012 – 2/29/2012
	  	Partial Month	  	$	22,385.70	  
	 03/01/2012 – 02/28/2013
	  	04 – 15	  	$	36,065.85	  
	 03/01/2013 – 02/28/2014
	  	16 – 27	  	$	38,553.15	  
	 03/01/2014 – 02/28/2015
	  	28 – 39	  	$	41,046.45	  
	 03/01/2015 – 02/29/2016
	  	40 – 51	  	$	43,527.75	  
	 03/01/2016 – 02/28/2017
	  	52 – 63	  	$	46,015.05	  
	 03/01/2017 – 02/28/2018
	  	64 – 75	  	$	48,502.35	  

 4. Remaining Terms. Except as amended herein, all other terms and conditions of the
Lease shall remain unchanged and in full force and effect. If there is any conflict between the terms of this Amendment and any terms in the Lease, the terms of this Amendment shall prevail. 

  
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 5. Counterpart Execution. This Amendment may be
executed in multiple counterparts, each of which shall constitute an original, and all of which shall constitute a fully-executed Amendment. Transmittal and receipt of a facsimile or emailed copy of this Amendment with facsimile or scanned and
emailed signature(s) shall be binding on the parties hereto, with the original executed Amendment to be subsequently delivered. The failure to deliver the original executed copy and the non-receipt of the original executed copy shall have no effect
upon the binding and enforceable nature of this Amendment. 
 IN WITNESS WHEREOF, the duly-authorized representatives of the
parties have executed this First Amendment to Commercial Office Lease as of the Effective Date. 
  

											
	Dated:	 	 12/1/11
	 		 	Lessor:
				
		 		 		 	 CAMPBELL TECHNOLOGY PARK, LLC,
 a California limited liability company

					
		 		 		 	By:	 	CMC Campbell, LLC,
		 		 		 		 	a Delaware limited liability company,
		 		 		 		 	Manager
						
		 		 		 		 	By:	 	 /s/ Timothy J. Pasquinelli

		 		 		 		 		 	Timothy J. Pasquinelli, Member
				
	Dated:	 	 29 NOV 2011
	 		 	Lessee:
				
		 		 		 	 iWATT, INC.,
 a
California corporation

					
		 		 		 	By:	 	 /s/ Ron Edgerton

		 		 		 		 	President Ron Edgerton
					
		 		 		 	By:	 	 /s/ James V McCanna

		 		 		 		 	Secretary James V McCanna

 [SIGNATURE PAGE FOR FIRST AMENDMENT TO 

iWATT COMMERCIAL OFFICE LEASE] 

  
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