Document:

WebFilings | EDGAR view

 

 
SIXTH AMENDMENT TO LEASE
 
        I.     PARTIES AND DATE.
This Amendment to Lease dated                January 13               , 2011, is by and between THE IRVINE COMPANY LLC, a Delaware limited liability company, formerly The Irvine Company, a Delaware corporation("Landlord"), and ACACIA RESEARCH CORPORATION, a Delaware corporation ("Tenant").
 
        II.     RECITALS.
 
             On January 28,2002, Landlord and Tenant entered into an office space lease for space In a building located at 500 Newport Center Drive, Suite 700, Newport Beach, California ("Premises"), which lease was amended by a First Amendment to Lease dated August 13, 2004, wherein Suite 780 was added to the Premises, a Second Amendment to Lease dated February 9, 2005, wherein Suite 750 was added to the Premises, a Third Amendment to Lease dated March 14,2006, a Fourth Amendment to Lease dated November 9,2006, wherein Suite 570 was added to the Premises, and by a Fifth Amendment to Lease dated September 10,2007, wherein Suite 830 was added to the Premises (as amended, the "Lease"). As an accommodation to Tenant, Suites 700,750 and 780 are collectively referred to as "Suite700.”
     
Landlord and Tenant each desire to modify the Lease to terminate the Lease with respect to Suite 570 ("Suite 570") only, extend the Lease Term for Suites 700 and 830 ("Suites 700 and 830"), adjust the Basic Rent, and make such other modifications as are set forth in " III. MODIFICATIONS" next below.
 
        III.     MODIFICATIONS.
 
A.   Basic Lease Provisions. The Basic Lease Provisions are hereby amended as follows:
      
1.   Effective as of July 1, 2011, Item 5 is hereby deleted in its entirety and the following substituted in lieu thereof:
                               
"5.  Lease Term: The Term of this Lease shall expire at midnight on 
June 30, 2016."
 
2.Effective as of as of July 1, 2011, Item 6 shall be deleted in its entirety 
and the following shall be substituted in lieu thereof:
                 
"6.  Basic Rent:

 

 

			
	Months of Term            or Period
	Monthly Rate Per Rentable Square        Foot
	Monthly Basic Rent (rounded to the     nearest dollar)

	7/1/11 to 6/30/12
	$3.35
	$52,123.00

	7/1/12 to 6/30/13
	$3.48
	$54,145.00

	7/1/13 to 6/30/14
	$3.62
	$56,324.00

	7/1/14 to 6/30/15
	$3.77
	$58,657.00

	7/1/15 to 6/30/16
	$3.92
	$60,991.00"

                                       
3.Effective as of July 1, 2011, Item 7 shall be deleted in its entirety and the                            following shall be substituted in lieu thereof:
       
"7.   Property Tax Base: The Property Taxes per rentable square foot                                          incurred by Landlord and attributable to the twelve month period ending June 30, 2012 (the "Base Year").
 
Building Cost Base: The Building Costs per rentable square foot incurred                                         by Landlord and attributable to the Base Year.
 
Expense Recovery Period: Every 12 month period during the Term (or                                   portion thereof during the first and last Lease years) ending June 30:"
 
4.    Effective as of July 1, 2011, Item 8 shall be deleted in its entirety and the                             following shall be substituted in lieu thereof:
         
"8. Floor Area of Premises: approximately 15,559 rentable square feet."
 
5.    Effective as of July 1, 2011, Item 9 shall be deleted in its entirety and the                              following shall be Substituted in lieu thereof:
 
 
S:\IPG\Office Properties \Office Legal\CA THE\Amend2011\Acacia Research#6-2.doc                                    1/6/2011
 

 

 

 
"9.  Security Deposit: None"
             
6.    Effective as of July 1, 2011, Item 12 shall be deleted in its entirety and the following shall be substituted in lieu thereof:
 
"12.  Parking: 56 unreserved vehicle parking spaces."
 
B.    Security Deposit.  Tenant previously deposited with Landlord a security deposit the amount of $46,506.00 which is in excess of the revised Security Deposit ("Excess Security Deposit"). Subject to  Landlord's right to apply the Excess Security Deposit to any obligations of Tenant occurring prior to July 1, 2011, Landlord shall return the balance thereof in the amount of $46,506.00 to Tenant.
  
C.    Right to Extend This Lease.  Section 3.2 of the Lease entitled "Right to Extend This Lease" shall remain in full force and effect during the extension period ending June 30, 2016.
 
D.    Termination of Suite 570.  Landlord and Tenant agree that the rights and obligations of the parties under the Lease with respect to Suite 570 shall terminate in their entirety, effective July 1, 2011, provided that such termination shall not relieve Tenant of (a) any accrued obligation or liability under the Lease with respect to Suite 570 as of said termination  date, or (b) any obligation under the Lease with respect to Suite 570 which was reasonably  intended to survive the expiration or termination thereof. Tenant understands and agrees that it shall completely vacate Suite 570 by midnight on the day preceding July 1, 2011 and shall  remove all property there from in accordance with the provisions of Section 15.3 of the Lease.
 
E.    Floor Plan of Premises.  Effective as of July 1, 2011, Exhibit A-2 attached to the Lease to the        Lease shall be deleted in its entirety.
 
F.    Parking.  Notwithstanding any contrary provision in the Lease, effective as of July 1, 2011, Landlord shall provide to Tenant and Tenant may lease from Landlord, all or portion of the vehicle parking spaces set forth in Item 12 of the Basic Lease Provisions (as reflected in Section IIIA5 of this Amendment) (the "Allotted Stalls"). Landlord agrees that Tenant may convert up to 22 of the Allotted Stalls to reserved stalls by providing written notice of such election to Landlord at any time during the extended Term (the "Converted Stalls"). During the period commencing July 1, 2011 and ending June 30, 2016 only and subject to the foregoing, the stall charge for the Allotted Stalls shall be as follows: (i) $75.00 per unreserved stall per month, and (ii) if applicable, $110.00 per Converted Stall per month. Thereafter, the stall charges shall be at Landlord's scheduled parking rates from time to time. 
 
G.    Condition of the Premises.  Tenant acknowledge that it is currently occupying the Premises and that it is satisfied with the condition thereof. Tenant waives any right or claim against Landlord arising out of the condition of the Premises.
 
IV.    GENERAL.
 
A.      Effect of Amendments.    The Lease shall remain in full force and effect except to 

 

 

the extent that it is modified by this Amendment.
 
B.      Entire Agreement.    This Amendment embodies the entire understanding between Landlord and Tenant with respect to the modifications set forth in "III.  MODIFICATIONS" above and can be changed only by a writing signed by Landlord and Tenant.
               
C.      Counterparts.    If this Amendment is executed in counterparts, each is hereby declared to be an original; all, however, shall constitute but one and the same amendment. In any action or proceeding, any photographic, photostatic, or other copy of this Amendment may be introduced into evidence without foundation.
 
D.      Defined Terms.    All words commencing with initial capital letters in this Amendment and defined in the Lease shall have the same meaning in this Amendment as in the Lease, unless they are otherwise defined in this Amendment.
 
E.      Authority.    If Tenant is a corporation, limited liability company or partnership, or is comprised of any of them, each individual executing this Amendment for the corporation, limited liability company or partnership represents that he or she is duly authorized to execute and deliver this Amendment on behalf of such entity and that this Amendment is binding upon such entity in accordance with its terms.
 
F.      Attorneys' Fees.    The provisions of the Lease respecting payment of attorneys' fees shall also apply to this Amendment.
 
G.      Nondisclosure of Lease Terms.    Tenant acknowledges that the content of this         Amendment and any related documents are confidential information. Except to the extent disclosure is required by law, Tenant shall keep such confidential information strictly confidential and shall not disclose such confidential information to any person or entity other than Tenant's
 
 
S:\IPG\Office Properties \Office Legal\CA THE\Amend2011\Acacia Research#6-2.doc                                    1/6/2011

 

 

 
financial, legal and space-planning consultants, provided, however, that Tenant may disclose the terms to prospective subtenants or assignees under the Lease or pursuant to legal requirement.
 
V.             EXECUTION.
 
                Landlord and Tenant executed this Amendment on the date as set forth in "I. PARTIES AND DATE.” above.
 
 
LANDLORD:                                                         TENANT:
 
THE IRVINE COMPANY LLC                                ACACIA RESEARCH CORPORATION
 
			
	 
	 
	 

	By /s/ Steven M. Case                              
	 
	By /s/ Edward J. Treska                                                   

	Steven M. Case
	 
	Printed Name Edward J. Treska                                      

	Exectuive Vice President
	 
	Title V.P., General Counsel & Secretary                         

	Office Properties
	 
	 

	 
	 
	 

	 
	 
	 

	By /s/ Christopher J. Popma                     
	 
	By /s/ Clayton J. Haynes                                                 

	Christopher J. Popma
	 
	Printed Name Clayton J. Haynes                                     

	Vice President, Operations
	 
	Title Chief Financial Officer                                           

	Office Properties
	 
	 

	 
	 
	 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     
S:\IPG\Office Properties \Office Legal\CA THE\Amend2011\Acacia Research#6-2.doc                                    1/6/2011dex48.htm

 Exhibit 4.8

 

Burlington Northern Santa Fe Corporation

4.30% Note due July 1, 2013

	

CUSIP No. 12189T AV 6

	$ 250,000,000.00

 

This Security is a Global Security within the meaning of the Indenture hereinafter referred to and is registered in the name of a Depositary or a nominee thereof. This Security may not be exchanged in whole or in part for a Security registered, and no transfer of this Security in whole or in part may be registered, in the name of any Person other than such Depositary or a nominee thereof, except in the limited circumstances described in the Indenture.

BURLINGTON NORTHERN SANTA FE CORPORATION, a corporation duly organized and existing under the laws of Delaware (herein called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO. or registered assigns, the principal sum of Two Hundred Fifty Million Dollars ($250,000,000.00) on July 1, 2013, and to pay interest thereon from May 21, 2003 or from the most recent Interest Payment Date to which interest has been paid or duly pro­vided for, semi-annually on January 1 and July 1 in each year, commencing January 1, 2004, at the rate of 4.30% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly pro­vided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is regis­tered at the close of business on the Regular Record Date for such interest, which shall be the December 15 or June 15 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Inden­ture.

 

Payment of the principal of (and premium, if any) and interest on this Security will be made at the office or agency of the Company maintained for that purpose in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register.

 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

 

Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

 

In Witness Whereof, the Company has caused this instrument to be duly executed under its corporate seal.

Dated:   May 21, 2003                                                                                              BURLINGTON NORTHERN SANTA FE CORPORATION

                   By........................................................................

                   Thomas N. Hund

                   Executive Vice President and Chief Financial Officer

Attest:

...............................................

Jeffrey T. Williams

Assistant Secretary

This is one of the Securities of the series designated therein referred to in the within­-mentioned Indenture.

                   BANK ONE TRUST COMPANY, N.A.

                                                    As Trustee

                   By........................................................................

                                                  Authorized Officer

  

  

  

 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of December 1, 1995 (herein called the “Indenture”, which term shall have the meaning assigned to it in such instrument), between the Company and Bank One Trust Company, N.A., as successor to The First National Bank of Chicago, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof and will initially be offered in the principal amount of $250,000,000.  The Company may, without the consent of the Holders, issue additional Securities and thereby increase such principal amount in the future, on the same terms and conditions and with the same CUSIP number as this Security.

The Securities of this series are subject to redemption upon not less than 30 and not more than 60 days’ notice by mail, at any time, as a whole or in part, at the election of the Company, at a redemption price equal to the greater of (i) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Officers’ Certificate establishing the Securities of this series), plus 20 basis points, plus in either case accrued interest to the date of redemption.

In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder, upon the cancellation hereof.

The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture.

If an Event of Default with respect to Securi­ties of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with cer­tain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registra­tion of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.

As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and the Trustee shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein.

No reference herein to the Indenture and no provi­sion of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed.

As provided in the Indenture and subject to cer­tain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate princi­pal amount, will be issued to the designated transferee or transferees.

The Securities of this series are issuable only in registered form without coupons in denominations of $1,000 and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same.

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security is overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}]]