Document:

Exhibit
10.1

 

2006
NON-EMPLOYEE DIRECTOR COMPENSATION PROGRAM

ADOBE
SYSTEMS INCORPORATED

 

	
  Pay Element

  	
   

  	
  Current Program

  
	
  Annual Cash
  Retainer

  	
   

  	
  $35,000

  
	
   

  	
   

  	
   

  
	
  Board
  Meeting Fees

  	
   

  	
  None

  
	
   

  	
   

  	
   

  
	
  Committee
  Chair Fees

  	
   

  	
  Flat
  retainer:

  Audit: $30,000

  Exec Comp: $15,000

  Nom/Gov: $10,000

  
	
   

  	
   

  	
   

  
	
  Committee
  Member Fees

  (non-Chairs)

  	
   

  	
  Flat
  retainer:

  Audit: $15,000

  Exec Comp: $7,500

  Nom/Gov: $5,000

  
	
   

  	
   

  	
   

  
	
  Initial
  Stock Option Grant

  	
   

  	
  Stock Option
  Grant: 50,000

  3 year vest

  10 year option term

  
	
   

  	
   

  	
   

  
	
  Ongoing
  Stock Option Grant

  	
   

  	
  Stock Option
  Grant: 25,000

  3 year vesting

  10 year option term

  
	
   

  	
   

  	
   

  
	
  Health
  Benefits

  	
   

  	
  Health,
  dental and vision insurance offered at COBRA rates.

  
	
   

  	
   

  	
   

  
	
  Other

  	
   

  	
  Reimbursement
  of travel expenses associated with Board and Committee meetings as well as
  costs and expenses incurred in attending director education programs and
  other Adobe-related seminars and conferences.Exhibit 10.27

 

FOURTH AMENDMENT TO LEASE AGREEMENT

 

This FOURTH AMENDMENT TO LEASE AGREEMENT (the “Fourth Amendment”) dated July 31,
2005, is between Middlefield II LLC, a Delaware limited liability company (“Landlord”), and DITECH Communication
Corporation, a California corporation, f/k/a DITECH Corporation (“Tenant”).

 

Recitals:

 

A.            Tenant
is the tenant under the Lease Agreement dated August 18, 1998 (the “Original Lease”) between Lincoln-Whitehall
Pacific, LLC (“Lincoln-Whitehall”),
as landlord, and Tenant.  The Original
Lease has been amended by the First Amendment to Lease Agreement dated January 25,
1999 (the “First Amendment”)
between Lincoln-Whitehall and Tenant, by the certain Second Amendment to Lease
Agreement dated February 15, 2000 (the “Second Amendment”)
between Middlefield-Bernardo Associates LLC, a Delaware limited liability
company (“Middlefield”) and Tenant, by the Lease
Commencement Agreement dated June 10, 2000 (the “Expansion
Space #1 Commencement Agreement”) between Middlefield and Tenant, by
the Lease Commencement Agreement dated September 20, 2000 (the “Expansion Space #2 Commencement Agreement”) between
Middlefield and Tenant and by the Third Amendment to Lease Agreement dated February 24,
2003 (the “Third Amendment”) between MB Technology
Park, LLC, a California limited liability company and Tenant
(Lincoln-Whitehall, Middlefield and MB Technology are, collectively, the “Prior Landlord”).  The
Original Lease, as amended by the First Amendment, the Second Amendment, the
Expansion Space #1 Commencement Agreement, the Expansion Space #2 Commencement
Agreement, and the Third Amendment, is the “Prior
Lease”; the Prior Lease, as amended by this Fourth Amendment, is the
“Lease”.  The Prior Lease concerns those certain
premises (the “Premises”) that
consist of approximately 61,318 rentable square feet of space in the buildings
located at 815 and 825 East Middlefield Road, Mountain View, California, as
such premises are more specifically described in the Prior Lease.  All initially-capitalized terms in this
Fourth Amendment that are not defined in this Fourth Amendment shall have the
meanings given them in the Prior Lease.

 

B.            Landlord
has acquired all of Prior Landlord’s interest in the Park and the Prior Lease.

 

C.            Landlord
and Tenant desire to amend the Prior Lease to, among other things, modify the
Term in accordance with the terms of this Fourth Amendment.

 

NOW, THEREFORE, Landlord and Tenant agree as follows:

 

1.             Interpretation.  The Prior Lease remains in full force and
effect as amended by this Fourth Amendment. 
Wherever the terms of this Fourth Amendment and the Prior Lease
conflict, this Fourth Amendment shall control.

 

1.             Term.  Under the Prior Lease, the initial Term is
scheduled to expire on June 30,

 

 

2006 (the “Expiration Date”).
 Landlord and Tenant hereby amend the
Prior Lease by shortening the initial Term so that it will expire on, and so
that the Expiration Date of the initial Term is, July 31, 2005.  Landlord and Tenant hereby further amend the
Lease by extending the Term for the period (the “First Extension Term”) that commences on August 1, 2005
(the “Extension Term Commencement Date”)
and ends on July 31, 2011.

 

2.             Grant
of Extension Option. Tenant shall have one option (“Option”)
to extend the Term for 3 years (the “Second Extension Term”)
as follows:

 

a.             Tenant’s Option Notice.  If
Landlord does not receive written notice from Tenant of its exercise of this
Option on a date that is not more than 360 days nor less than 240 days prior to
the end of the First Extension Term (the “Option Notice”),
all rights under this Option shall automatically terminate and shall be of no
further force or effect.

 

b.             Establishing the Initial Monthly Base Rent for the Second Extension
Term. The initial monthly Base Rent for the Second Extension Term
shall be the then-current market rent for similar space within the competitive
market area of the Premises (the “Fair Rental Value”).
“Fair Rental Value” of the Premises
means the current market rental value of the Premises as of the commencement of
the Second Extension Term, taking into consideration all relevant factors,
including length of term, the uses permitted under the Lease, the quality,
size, design and location of the Premises, including the condition and value of
existing tenant improvements, and the monthly base rent paid by tenants for
premises comparable to the Premises, and located in the competitive market area
of the Premises, as reasonably determined by Landlord.

 

If Landlord and Tenant are unable to agree on
the Fair Rental Value for the Second Extension Term within 10 days of receipt
by Landlord of the Option Notice for the Second Extension Term, Landlord and
Tenant each, at its cost and by giving notice to the other party, shall appoint
a competent and impartial commercial real estate broker (hereinafter “broker”)
with at least 10 years’ full-time commercial real estate brokerage experience
in the geographical area of the Premises to determine the Fair Rental Value for
the Second Extension Term. If either Landlord or Tenant does not appoint a
broker within 10 days after the other party has given notice of the name of its
broker, the single broker appointed shall be the sole broker and shall set the
Fair Rental Value for the Second Extension Term. If two brokers are appointed
by Landlord and Tenant as stated in this paragraph, they shall meet promptly
and attempt to set the Fair Rental Value. If the two brokers are unable to
agree within 10 days after the second broker has been appointed, they shall
attempt to select a third broker, meeting the qualifications stated in this
paragraph within 10 days after the last day the two brokers are given to set
the Fair Rental Value. If the two brokers are unable to agree on the third
broker, either Landlord or Tenant by giving 10 days’ notice to the other party,
can apply to the Presiding Judge of the Superior Court of the county in which
the Premises is located for the selection of a third broker who meets the
qualifications stated in this paragraph. Landlord and Tenant each shall bear
one-half of the cost of appointing the third broker and of paying the third
broker’s fee. The third broker, however selected, shall be a person who has not
previously acted in any capacity for either Landlord or Tenant. Within 15 days
after the selection of the third broker, the third broker shall select one of
the two Fair Rental Values submitted

 

 

by the first two brokers as the Fair Rental
Value for the Second Extension Term. If either of the first two brokers fails
to submit their opinion of the Fair Rental Value within the time frames set
forth above, then the single Fair Rental Value submitted shall automatically be
the initial monthly Base Rent for the Second Extension Term.

 

Upon determination of the initial monthly
Base Rent for the Second Extension Term pursuant to the terms outlined above,
Landlord and Tenant shall immediately execute an amendment to the Lease
describing the monthly Base Rent for the Second Extension Term.  Such amendment shall set forth the initial monthly
Base Rent for the Second Extension Term and the actual commencement date and
expiration date of the Second Extension Term. 
Tenant shall have no other right to further extend the term of the Lease
under this Section 3 unless Landlord and Tenant otherwise agree in
writing.

 

c.             Condition of Premises for the Second Extension Term.  If Tenant timely and properly exercises this
Option, in strict accordance with the terms contained in this Section 3,
Tenant shall accept the Premises in its then “As-Is” condition and,
accordingly, Landlord shall not be required to perform any additional
improvements to the Premises.  Nothing in
the previous sentence shall be construed to alter Landlord’s obligations for
repair and maintenance under the Lease.

 

d.             Limitations On, and Conditions To, Extension Option. This Option is personal to Tenant and any permitted
transferee described in Section 15.4 of the Original Lease and may not be
assigned, voluntarily or involuntarily, separate from or as part of the Lease.
At Landlord’s option, all rights of Tenant under this Option shall terminate
and be of no force or effect if any of the following individual events occur or
any combination thereof occur: (1) Tenant has been in default beyond any
applicable cure period at any time during the initial term of the Lease, or is
currently in default of any provision of the Lease beyond any applicable cure
period; and/or (2) Tenant has assigned its rights and obligations under
all or part of the Lease or Tenant has subleased all or part of the Premises to
a transferee permitted under Section 15.4 of the Original Lease; and/or (3) Tenant
has failed to exercise properly this Option in a timely manner in strict
accordance with the provisions of this Addendum; and/or (4) Tenant and any
transferee permitted under Section 15.4 of the Original Lease no longer
has possession of all or any part of the Premises under the Lease, or if the
Lease has been terminated earlier, pursuant to the terms of the Lease.

 

e.             Time is of the Essence. 
Time is of the essence with respect to each and every time period set
forth in this Section 3.

 

3.             Base Rent.

 

a.             The monthly Base Rent payable under
the Lease with respect to the portion of the Term commencing on August 1,
2005 is hereby amended to be due and payable in the following amounts during
the following periods as and when the Lease requires.  “Lease Months”
means the calendar months starting on August 1, 2005.

 

 

	
  Lease Months

  	
   

  	
  Monthly Base Rent

  	
   

  	
  Monthly Base Rent

  Per Square Foot

  	
   

  
	
  1-12

  	
   

  	
   

  	
  $

  	
  73,581.60

  	
   

  	
  $

  	
  1.20

  	
   

  
	
  13-24

  	
   

  	
   

  	
  $

  	
  76,647.50

  	
   

  	
  $

  	
  1.25

  	
   

  
	
  25-36

  	
   

  	
   

  	
  $

  	
  79,713.40

  	
   

  	
  $

  	
  1.30

  	
   

  
	
  37-48

  	
   

  	
   

  	
  $

  	
  85,845.20

  	
   

  	
  $

  	
  1.40

  	
   

  
	
  49-60

  	
   

  	
   

  	
  $

  	
  88,911.10

  	
   

  	
  $

  	
  1.45

  	
   

  
	
  61-72

  	
   

  	
   

  	
  $

  	
  91,977.00

  	
   

  	
  $

  	
  1.50

  	
   

  

 

Landlord shall
reimburse Tenant for an overpayment in Base Rent in the amount of $172,620.80
(the “Rent Credit”).  Provided that no default beyond any
applicable cure period then exists with respect to Tenant’s obligation to pay
Rent and Tenant is then lawfully in occupancy of the Premises, Landlord shall
pay to Tenant the Rent Credit in the amount of $172,620.80 within 60 days after
the execution of this Fourth Amendment. 
If Tenant has not received the Rent Credit within 60 days after the
execution of this Fourth Amendment, Tenant may deduct any amount of the Rent
Credit not yet received from Base Rent.

 

b.             Within
30 days after the 36th month of the Lease, provided that no default
then exists beyond any applicable cure period, Landlord shall refund a portion
of Tenant’s security deposit under the Prior Lease in the amount of $72,742,
which amount is based on the difference between the total security deposit of
$164,719 under the Prior Lease and the last month’s Base Rent of $91,977.00.

 

2.             Tenant Work.

 

c.             Tenant Work.  Tenant shall perform such tenant improvement
work (the “Tenant Work”) in the
Premises as Tenant elects for the purpose of improving the Premises or, with
Landlord’s consent, any other improvements to the buildings.  All Tenant Work shall comply with this Section 2
and Section 10 of the Original Lease.

 

d.             Plans. 
Prior to commencing any Tenant Work, Tenant shall, at its sole risk and
cost, deliver to Landlord separate sets of architectural plans and
specifications (the “Plans”) for
the proposed Tenant Work.  The Plans
shall be subject to Landlord’s approval and shall be approved by all local
governmental authorities with jurisdiction. 
Landlord will not unreasonably withhold, delay or condition its approval
of any Plans, provided, that Landlord shall be deemed to have reasonably
withheld its approval of such Plans if the proposed Tenant Work shown on such
proposed Plans, in Landlord’s reasonable opinion, either:  (i) is likely to adversely affect the
operating systems, structure (including but not limited to any part of the
roof), or exterior appearance of the Buildings; 
operating systems or the structure of the Buildings, including its roof;
(ii) is likely to materially increase the cost of operating the Buildings;
(iii) would violate any governmental laws, rules or ordinances; (iv) contains
or uses Hazardous Materials other than those permitted by all applicable laws; (v) is
not approved or permitted by any mortgagee or beneficiary under any mortgage or
deed of trust encumbering the Park; or (vi) is not in accordance with “Landlord’s
Building Standards”, as that term is defined in Exhibit B to the Original
Lease.  If Landlord notifies Tenant that
changes are required to

 

 

any Plans, Tenant shall promptly submit to
Landlord, for its approval, such Plans amended in accordance with the changes
so required.  Tenant shall also revise
the proposed Plans and change the proposed Tenant Work shown on such proposed
Plans to incorporate any work required in the relevant portion of the Premises
by any local governmental field inspector. 
Landlord shall deliver written notice (the “Approval Notice”) to Tenant of its approval of any Plans,
provided that any Plans which Tenant has duly submitted to Landlord for
approval shall be deemed approved by Landlord if Landlord fails to provide
notice to Tenant of any comments or objections within 5 days after Landlord
received such proposed Plans.  Any Plans
approved by Landlord or deemed approved by Landlord are “Approved Plans”.  Landlord’s approval of any Plans shall in no
way be deemed to be (a) an acceptance or approval of any element in such
Plans which is in violation of any applicable laws, ordinances, regulations or
other governmental requirements, or (b) an assurance that work done
pursuant to the Approved Plans will comply with all applicable laws, or satisfy
Tenant’s objectives and needs.

 

e.             Performance of Tenant Work.  Upon Tenant’s receipt of the Approval Notice,
Tenant shall proceed, at its sole risk and cost and with due diligence, to
complete all of the Tenant Work.  Tenant
shall, at its sole expense, obtain all required building permits for the
construction of the Tenant Work shown on the Approved Plans and, except where
specifically designated in the Approved Plans, shall use only new, first-class
materials in the Tenant Work.  All Tenant
Work shall be performed only by a contractor or contractors approved by
Landlord in advance in writing, and shall be completed in a good and
workmanlike manner and in accordance with all applicable statutes, laws, codes
and regulations.  Tenant and Tenant’s
contractors shall make all efforts and take all steps reasonably appropriate to
assure that all construction activities do not unreasonably interfere with the
operation of the buildings in the Park and the ability of other occupants of
the Park to conduct business in a routine manner.  Tenant shall have no authority to deviate
materially from the Approved Plans as approved by Landlord in the performance
of the Tenant Work, except as authorized by Landlord in writing, which
authorization shall not be unreasonably withheld or delayed.  Tenant shall provide notice to Landlord of
the date of the occurrence of the substantial completion of the Tenant Work,
together with a statement from Tenant’s architect or general contractor (the “Substantial Completion Certificate”)
certifying that such substantial completion has occurred and the total cost to
Tenant of all labor, materials, and services supplied in the construction or
installation of the Tenant Work, together with all design costs and other fees
and expenses properly allocable to the performance of the Tenant Work (the “Project Costs”).  The Substantial Completion Certificate shall
include an itemized listing of the total cost of the Tenant Work shown on such
Approved Plans and copies of invoices or such other source documents as
Landlord may reasonably request in order to verify its accuracy.  Upon Landlord’s receipt of each of the
Substantial Completion Certificate, Landlord shall inspect the relevant Tenant
Work and note any deficiencies or unfinished items which, if so noted, Tenant
shall complete with due diligence. 
Tenant shall perform all Tenant Work in accordance with all provisions
of the Prior Lease, including but not limited to Section 10.1 of the
Original Lease, which are not inconsistent with the terms of this Fourth
Amendment, provided that Tenant shall not be obligated to post the completion
and indemnity bond required by Section 10.1 of the Original Lease,

 

 

and further provided that Landlord shall not
be entitled to a management fee for managing the construction of the Tenant
Work under this Fourth Amendment. Notwithstanding that Landlord shall not
receive a management fee for managing the performance of the Tenant Work,
Tenant shall reimburse Landlord, promptly after demand, as rent under the
Lease, for all reasonable charges and fees that Landlord actually pays to
unaffiliated third parties in connection with reviewing or inspecting the
Tenant Work.  If for any reason the Lease
is terminated prior to the completion of all Tenant Work, Tenant shall, at its
sole cost and risk, return the Premises as soon as is commercially practicable
to at least as good a condition for the purposes of leasing to another tenant
as it was in on the date Landlord tendered possession of it to Tenant, and
shall indemnify Landlord for all lost profits and all cost and expense Landlord
incurs as a result of or in connection with the failure of the Premises to be
in at least as good a condition as it was in on the date Landlord tendered
possession to Tenant.  Provided that the
Tenant Work is completed in accordance with this Section, Tenant shall have no
obligation to remove any portion of the Tenant Work at the end of the Term.

 

f.              Allowance. 
Landlord shall reimburse Tenant for all or some portion of the Project
Costs through an allowance (the “Allowance”)
in the amount of $441,531.75, provided that the Project Costs shall include at
least $225,000 for improvements and upgrades to the HVAC system and restrooms
at the Premises.  Provided that no
default then exists beyond any applicable cure period with respect to Tenant’s
obligation to pay Rent and Tenant is then lawfully in occupancy of the
Premises, Landlord shall pay to Tenant a sum in the amount of $441,531.75
within 60 days after the execution of this Fourth Amendment.  If Tenant has not received the Allowance
within 60 days after the execution of this Fourth Amendment, Tenant may deduct
any amount of the Allowance not yet received from Base Rent.  Tenant shall be solely responsible for all
Project Costs in excess of the Allowance provided by Landlord.  Project Costs shall not include, and the
Allowance shall not be payable with respect to, any overhead or other “internal”
costs or expenses of Tenant, any costs or expenses which are not actually paid
to third parties unaffiliated with Tenant, or any costs of purchasing, leasing,
and/or installing any equipment or other personal property which will not
become part of the Premises and the property of Landlord upon installation in
the Premises.

 

4.             Subletting.  Notwithstanding the provisions of Section 15.2
of the Prior Lease to the contrary, if Tenant subleases all or any portion of
the Premises, Landlord shall be entitled to receive, as rent under the Lease,
60% of all subleasing profits with a deduction only for a reasonable leasing
commission.

 

5.             Brokers.  Each of Landlord and Tenant represents and
warrants to the other that neither it nor its agents or affiliates have dealt
with any broker, finder or the like in connection with this Fourth Amendment,
except Craig Fordyce and David Sandlin of Colliers International, who are
representing Landlord, and Scott Daugherty and Jay Phillips of Cornish &
Conroy Commercial, who are representing Tenant, the payment of whose
commissions is Landlord’s responsibility under a separate agreement between
Colliers International and Landlord. 
Each of Landlord and Tenant agrees to indemnify, defend and hold the
other harmless from and against all loss, expense (including reasonable
attorney fees, legal costs and court costs), damage and

 

 

liability resulting from the claims of any broker or finder (including
anyone claiming to be a broker or finder) on account of any services claimed to
have been rendered to the indemnifying party in connection with the transaction
contemplated by this Second Amendment.

 

6.             Right of First Offer.  Tenant
shall have a one-time (not continuing) right to make a first offer to lease
(the “Right of First Offer”) from Landlord
the approximately 9,916 rentable square feet of space currently occupied by
Bioabsorbable Vascular Solutions, Inc. (“BVS”)
in the building located at 825 East Middlefield (“the “Expansion
Space”).  Tenant’s Right of
First Offer is subject to the following conditions:

 

(i)           The Right of First Offer shall be subject to the rights and options of
BVS pursuant to the terms and provisions of such existing tenant’s lease, as
such lease may be later modified, amended or extended; and

 

(ii)          The Right of First Offer shall be void if Tenant has been or is then
presently in default in the performance of any of its obligations beyond any
applicable cure period under the Lease.

 

Provided the foregoing conditions are satisfied in
each instance when the Expansion Space becomes available, if the Expansion
Space becomes vacant and Landlord desires to lease the vacant Expansion Space,
Landlord shall give Tenant written notice describing the location and size of
such space, the estimated date upon which Landlord can deliver such space to
Tenant, and the terms and conditions upon which Landlord is willing to lease
the vacant Expansion Space (a “Landlord’s Availability
Notice”). Tenant shall notify Landlord within 5 days following
receipt of Landlord’s Availability Notice of Tenant’s election to lease all the
Expansion Space upon all of the terms specified in the Landlord’s Availability
Notice by written acceptance delivered to Landlord without any deviation in
such offered terms (an “Election Notice”).
If Tenant fails to notify Landlord of Tenant’s election to lease the Expansion
Space within the time specified herein, it shall be deemed that: (a) Tenant
has elected not to lease the Expansion Space; (b) Landlord may thereafter
enter into a lease agreement with a third party for the Expansion Space; and (c) all
rights under this Right of First Offer with respect to the Expansion Space
shall terminate and be of no further force or effect. Time is of the essence herein.

 

If Tenant duly and timely exercises this Right of
First Offer as herein provided with respect to the Expansion Space, Tenant
shall deliver to Landlord a non-refundable deposit, equivalent to the first
month’s Rent for the Expansion Space. 
The Tenant shall have 10 business days after Landlord delivers a draft
of an amendment for the Expansion Space in which to execute the amendment to
the Lease setting forth the agreed-upon terms for such Expansion Space.  Upon full execution of an amendment for the
Expansion Space, the non-refundable deposit shall be credited toward Base Rent
for the Expansion Space, as agreed between the parties.

 

This Right of First Offer shall terminate and be of no
force or effect if, at any time, Tenant is or has been in default, beyond any
applicable cure period, of the performance of any of the covenants, conditions
or agreements to be performed under the Lease; or the Premises are being
subleased (to an entity other than a permitted transferee described in Section 15.4
of the

 

 

Original Lease) at
the time of this Right of First Offer for any of the Expansion Space is offered
to Tenant.

 

This Right of First Offer is personal to Tenant and
any permitted transferee described in Section 15.4 of the Original Lease,
and may not be assigned, voluntarily or involuntarily, separate from or as a
part of the Lease. If Tenant duly and timely exercises this Right of First
Offer for the Expansion Space, Landlord and Tenant shall execute an amendment
to the Lease, adding the Expansion Space to the Premises and adjusting the Base
Rent and Tenant’s proportionate share of the items set forth in Sections 6 and
7 of the Original Lease. If Tenant does not elect to exercise the Right of
First Offer for any of the Expansion Spaces (or it is deemed that Tenant has
not elected to exercise this Right of First Offer due to the lapse of time or
any other failure of Tenant to strictly comply with the provisions of this Section 8),
based upon the material terms proposed by Landlord in the applicable Landlord’s
Availability Notice, all rights of Tenant under, in or to this Right of First
Offer for the Expansion Space shall terminate and be of no further force or
effect.

 

7.             Expansion
Rights.  Except as provided in Section 8 of this
Fourth Amendment, Tenant has no right of first offer with respect to any other
space in the Park, no right to expand the Premises, and no other similar rights
to any other space in the Park.

 

8.             Telecommunications. 
Landlord and Tenant shall cooperate with each other and use commercially
reasonable efforts to cause SBC to install fiber optic telecommunication lines
or switches in the telecommunications vault at the Park that serves the
Premises by December 1, 2005. 
Landlord shall pay to SBC or any other third party any reasonable costs
of installation, provided that Landlord shall be entitled to, and Tenant shall
pay to Landlord, the amount of all discounts and rebates that Tenant may be
entitled to receive in connection with the installation of the fiber optic
lines or switches.  If the fiber optic
lines or switches have not been installed within 90 days of the execution of
this Fourth Amendment and Tenant experiences significant interruption in
telephone and internet service at the Premises after such date and before the
installation of the fiber optic lines or switches of 4 hours or more in any 24-hour
period, Tenant shall be entitled to an abatement of Rent equivalent to 2 days’
Base Rent with respect to any interruptions caused by the equipment that is to
be replaced with fiber optic connections.  
Notwithstanding the foregoing, Tenant shall not be entitled to any
abatement, credit, or set-off with respect to any interruption of service to
the extent that any delay in installation of the fiber equipment is caused by
an act or omission of Tenant or any agent of Tenant.

 

9.             Address Change.  The address for the payment of rent and for
notices to Landlord under or in connection with the Lease is hereby designated
as:

 

Middlefield II LLC

c/o Barthe and Wahrman

3601 Minnesota Drive

Suite 510

Bloomington, MN 55435

 

 

with a copy of all notices to:

 

Middlefield II LLC

c/o Eagle Ridge Partners LLC

5753 Wayzata Boulevard

St. Louis Park, MN 55416

 

and to:

 

Middlefield II LLC

c/o United Capital Corporation

1250 Bayfield Drive

Suite 121

San Bruno, CA 94066

 

 

Tenant’s address for all notices is at the Premises.

 

 

Signature
Page to

Fourth
Amendment to Lease Agreement

 

 

This FOURTH AMENDMENT TO LEASE AGREEMENT is executed
and delivered as of the date first written above.

 

	
   

  	
  DITECH
  Communications Corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William J.
  Tamblyn

  	
   

  
	
   

  	
  Name:

  	
  William J.
  Tamblyn

  	
   

  
	
   

  	
  Title:

  	
  EVP &
  CFO

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Middlefield II
  LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ William K.
  Hoeg

  	
   

  
	
   

  	
  Name:

  	
  William K. Hoeg

  	
   

  
	
   

  	
  Title:

  	
  Manager

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