Document:

exv10w24

 

Exhibit 10.24

SUBLEASE AGREEMENT

     This Sublease Agreement (“this Sublease”) is made as of the 31st day of August 2004
by and between ECI Telecom, Inc., a Delaware corporation (“Sublandlord”), and Veraz
Networks, Inc., a Delaware corporation (“Subtenant”).

RECITALS:

     1. Pursuant to that certain Lease Agreement dated March 18, 2002 as subsequently amended on
March 30, 2004 by a Second Amendment to Lease as subsequently amended on                      2004 by a Third
Amendment to Lease and as subsequently amended on                      2004 by a Fourth Amendment to Lease
(collectively the “Prime Lease”), by and between Sublandlord, as Tenant, and fort Lauderdale Crown
Center, Inc., a Florida corporation (“Lessor”), as Landlord, Sublandlord is leasing Suite 101,
consisting of approximately 18,300 rentable square feet on the first (1st) floor of Building “A”
(the “Building A Premises”) and approximately 13,104 rentable square feet in Building “C” (the
“Building C Premises”) (collectively, the Building A Premises and the Building C Premises shall be
referred to as the “Premises”) of the buildings now known as Building “A,” Building “B,” and
Building “C,” all of which have the address of 1201 West Cypress Creek Road, Fort Lauderdale,
Florida 33309 (collectively, the “Building”), which are a part of the collections of buildings
known as Crown Center (the “Master Premises”). A true and complete copy of the Prime Lease is
attached hereto as Exhibit A.

     2. Subtenant desires to sublease from Sublandlord a portion of the Master Premises containing
approximately 4279 square feet of rentable area as more particularly described herein.

     Now, Therefore, for and in consideration of the mutual covenants set forth herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Sublandlord and Subtenant, hereby agree as follows:

     1. Subleased Premises. Subject to the terms, covenants and conditions set forth in this
Sublease, Sublandlord hereby subleases to Subtenant, and Subtenant hereby takes from Sublandlord,
that certain portion of the Master Premises containing approximately 4279 square feet of rentable
area being more particularly shown in cross-hatching on the floor plan attached hereto as Exhibit B
(hereinafter referred to as the “Subleased Premises”).

     2. Sublease Term.

          (a) Term. The term of this Sublease (the “Term”) shall commence on October 1, 2004 (the
“Commencement Date”), and shall terminate concurrently with the expiration of the Prime Lease
including any and all option periods exercised by Sublandlord unless otherwise sooner terminated in
accordance with the provision of this Sublease (the “Expiration Date”).

          (b) Automatic Termination. Notwithstanding any other provision hereof, the termination or
expiration of the Prime Lease for any reason shall automatically result in the termination of this
Sublease, and the obligations of the parties hereunder to be performed from

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and after such termination or expiration shall cease as of the date of such expiration or
termination of the Prime Lease. Sublandlord shall in no event be liable to Subtenant for any loss
or damage occasioned by, or resulting from, the expiration or termination of the Prime Lease.

     3. Rent.

          (a) Minimum Rent. During the term of this Sublease, Subtenant shall pay to Sublandlord a
monthly full service (“Rent”) for the Subleased Premises, without set-off, deduction or demand, in
the amounts as follows: $9,500.00. The rent shall be inclusive of all electric, janitorial,
building maintenance all pass-throughs, under the Lease including but not limited to Common Area
Maintenance (“CAM”) and Real Estate Taxes. The Rent for shall increase at annual adjustments of
three percent (3%) for the year preceding said anniversary, plus applicable sales tax thereon.

     The Subtenant shall pay any and all applicable sales tax remaining from this Sublease along
with the payment of the Rent.

     Whenever, under the terms of this Sublease (including, without limitation, the terms
incorporated by reference from the Prime Lease), any sum of money is required to be paid by
Subtenant in addition to the monthly minimum rent hereunder including sales tax, such sum shall be
deemed to be additional rent, whether or not designated as such, and shall be collectible as rent.
If the Commencement Date occurs on a day other than the first day of a calendar month, Subtenant
shall pay the Rent on a pro-rata basis for the number of days between the Commencement Date and the
last day of the calendar month in which the Commencement Date occurs, both dates being inclusive.

          (b) Payment of Rent. Subtenant shall pay all Rent, as well as all additional rent under this
Sublease and the Prime Lease, when due and payable, in equal monthly installments in advance on or
before the first day of each calendar month during the Term hereof, in lawful money of the United
States, without notice or demand and without deduction, abatement, counterclaim, set-off or
recoupment of any amount or for any reason whatsoever. All Rent and additional rent payable by
Subtenant under this Sublease shall be paid and delivered to Sublandlord at 1201 West Cypress Road,
Fort Lauderdale, Florida 33309, Attention: Chief Financial Officer, or such other address or person
as Sublandlord may designate in writing.

          (c) Additional Rent. In addition to the payment of the Rent, Subtenant shall pay to
Sublandord lord all amounts which Sublandlord may be required to pay to Lessor as a result of
Subtenant’s failure to perform or comply with any of the terms and conditions of this Sublease or
the Prime Lease, which amounts shall be payable by Subtenant to Sublandlord upon demand.

          (d) Late Charges; Interest. Any installment of Rent, additional rent or any other charges due
hereunder and not received by Sublandlord within five (5) days from the due date shall be subject
to a late payment charge equal to ten percent (10%) of the amount due, which charge Subtenant shall
immediately pay to Sublandlord. In addition, such payment and such late fee shall bear interest at
the rate of fifteen percent (15%) per annum from the date such payment was due to the date of
payment. If Subtenant shall have been in default hereunder,

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Sublandlord may at any time thereafter require that Rent and additional rent due hereunder be
paid by certified check.

     4. Acceptance. Subtenant hereby accepts the Subleased Premises in their “AS IS, WHERE IS”
condition on the date hereof and acknowledges and agrees that no representations or warranties with
respect to the condition or use thereof have been made by Sublandlord or by anyone representing or
purporting to represent Sublandlord. Sublandlord and Lessor are under no obligation to make any
structural changes or other alterations, decorations, additions, improvements or other changes in
or to the Subleased Premises.

     5. Compliance with Prime Lease.

          (a) Incorporation of Prime Lease. Sublandlord and Subtenant hereby acknowledge and agree that
this Sublease is subject and subordinate to the terms and conditions of the Prime Lease, a copy of
which is attached hereto as Exhibit A. Except as may be inconsistent with the terms hereof, all
terms, covenants and conditions of the Prime Lease are herein incorporated by reference and made a
part hereof and shall be applicable to this Sublease with the same force and effect as if
Sublandlord were the lessor under the Prime Lease and Subtenant were the lessee thereunder. In the
event of any inconsistency between the terms of the Prime Lease and this Sublease, the terms of
this Sublease shall in all cases govern.

          (b) Exclusions. Notwithstanding the foregoing, the terms of this Sublease shall not include
the discretionary elections and consents provided to Sublandlord under the Prime Lease. The right
to make all such elections and provide all such consents shall be reserved solely to Sublandlord
and Sublandlord shall in no event be liable to Subtenant for any loss or damage occasioned by or
resulting from any elections made or consents given by Sublandlord as lessee under the Prime Lease.
In no event shall Sublandlord be deemed to have made any of the representations, warranties,
covenants, agreements or indemnifications made by Lessor under the Prime Lease.

          (c) Compliance; Indemnification. Subtenant hereby assumes all of Sublandlord’s obligations
under the Prime Lease with respect to the Subleased Premises and covenants and agrees that
Subtenant shall comply with the terms and provisions of the Prime Lease with respect to the
Subleased Premises and shall neither do nor permit anything to be done which would constitute a
default or a breach under the Prime Lease or otherwise cause the Prime Lease to be terminated or
forfeited by reason of any right reserved to or vested in Lessor under the Prime Lease. Subtenant
shall indemnify, defend and hold Sublandlord harmless from and against all costs, claims, damages
or expenses of any kind whatsoever (including but not limited to attorneys’ fees and related legal
expenses) resulting from any breach or default by Subtenant of Subtenant’s obligations hereunder,
including, without limitation, those which may result in the termination or forfeiture of the Prime
Lease, or otherwise resulting from Subtenant’s use, occupancy or operation of the Subleased
Premises or occasioned wholly or in part by any act or omission of Subtenant, and Subtenant’s
agents, contractors or employees.

          (d) Lessor Services. Subtenant acknowledges and agrees that Sublandlord shall not be
obligated to perform any of the covenants and obligations of Lessor under the Prime Lease,
including but not limited to any covenant or obligation of Lessor with respect to the

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furnishing of any services or utilities to the Subleased Premises or the Office Building or
the maintenance, repair or restoration of the Subleased Premises or the Office Building, and
Subtenant shall rely upon and look solely to Lessor under the Prime Lease for the performance
thereof. If Lessor shall default in the performance of any of its covenants or obligations under
the Prime Lease, Subtenant shall have no rights or remedies against Sublandlord but instead shall
have the right, at Subtenant’s expense and in the name of Sublandlord, to make any demand or
institute any action or proceeding at law or in equity or otherwise against Lessor permitted under
the Prime Lease for the enforcement of Lessor’s obligations or covenants under the Prime Lease.
The foregoing notwithstanding, Subtenant shall furnish Sublandlord with written notice of Lessor’s
default and Sublandlord at its option and expense may (i) seek to cure such default itself; (ii)
bring its own action against Lessor; (iii) determine that no default was present and/or; (iv) allow
Subtenant to make Subtenant’s claim directly against Lessor. Sublandlord agrees that it will
execute any reasonable demands, pleadings, documents or other written instruments and will
otherwise reasonable cooperate with Subtenant as may be necessary to enable Subtenant to proceed in
Sublandlord’s name to enforce such obligations or covenants of Lessor under the Lease. Subtenant
shall indemnify, defend and hold harmless Sublandlord against all costs and expenses (including
attorneys’ fees and related expenses and court costs) suffered or to be suffered by Sublandlord in
connection with any such demand, action or proceeding undertaken by Subtenant.

     6. Alterations; Improvements. Subtenant shall not make any alterations, additions,
improvements or renovations to or affecting the Subleased Premises without the prior written
consent of Lessor and Sublandlord. Any such alterations, additions, improvements or renovations
approved by Lessor and Sublandlord shall be constructed by Subtenant at Subtenant’s sole cost and
expense and in accordance with the requirements of the Prime Lease.

     7. Subtenant’s Insurance.

          (a) Insurance Coverages. Subtenant shall obtain, at Subtenant’s sole cost and expense, and
maintain during the Term hereof the insurance coverages required to be maintained by Sublandlord as
subtenant under the Prime Lease and shall deliver a certificate of such insurance coverages to
Sublandlord contemporaneously with Subtenant’s execution of this Sublease, and from time to time
thereafter deliver renewal certificates to Sublandlord prior to the expiration of such insurance
coverages. The company or companies writing such insurance, as well as the form of such insurance,
shall at all times be subject to Sublandlord’s approval and any such company or companies shall be
licensed to do business in the State of Florida. All such policies shall contain a provision
whereby the same cannot be canceled, terminated, reduced or materially changed unless Sublandlord
and Lessor are given at least thirty (30) days prior written notice. In addition to the named
insureds, if any, specified in the Prime Lease, Sublandlord shall be named as an additional insured
on all insurance policies Subtenant is required to maintain hereunder.

          (b) Waiver of Liability. Subtenant hereby releases Lessor and Sublandlord from all liability
or responsibility to Subtenant or any person claiming by, through or under Subtenant by way of
subrogation or otherwise, for any injury, loss or damage to any person or property in or around the
Subleased Premises or to Subtenant’s business irrespective of the cause of such injury, loss or
damage, and Subtenant shall require Subtenant’s insurer(s) to include in

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all of Subtenant’s insurance policies which could give rise to the right of subrogation
against Lessor or Sublandlord a clause or endorsement whereby the insurer(s) shall waive any and
all rights of subrogation against Lessor and Sublandlord.

     8. Assignment and Further Sublease. Subtenant shall not voluntarily or by operation of law
assign, transfer, mortgage, sublet, or otherwise transfer or encumber all or any part of
Subtenant’s interest in this sublease or in the Premises, without Sublandlord’s and Lessor’s prior
written consent, such consent shall not be unreasonably withheld, delayed or conditioned pursuant
to the terms and conditions of Section 10 of the Prime Lease.

     9. Personality. The Subtenant shall be permitted to utilize any and all furniture, fixtures
and equipment (hereinafter referred to as the “Personality”) currently located within the Demised
Premises. Subtenant accepts said Personality in their “As Is, Where Is and How Is” condition with
all faults and defects. It is expressly understood and agreed that the condition, fitness,
functionality and operability of the Personality shall not be a condition of this Sublease nor the
Subtenant’s obligation to pay Rent due hereunder. The Personality shall be returned to the
Sublandlord at the end of the Term in the same condition as of the Commencement Date reasonable
wear and tear excepted. The Sublessee shall indemnify defend and hold the Sublandlord harmless
from any and all claims, demands, suits, judgments emanating from its utilization and/or
maintenance of the Personality.

     10. Surrender. Upon the Expiration Date, or at any earlier termination of this Sublease, the
Subtenant shall quit and surrender to the Sublandlord the Subleased Premises, broom clean and in as
good order and condition as they were on the Commencement Date, ordinary wear and tear excepted.

     11. Default.

          (a) Event of Default. Any one or more of the following shall constitute an “Event of Default”
hereunder:

               (i) Any default by Subtenant under (A) this Sublease or (B) the Prime Lease which continues
beyond the expiration of any cure period expressly granted to Sublandlord under the Prime Lease.

               (ii) The sale of Subtenant’s interest in the Subleased Premises under attachment, execution or
similar legal process.

               (iii) The filing of a petition proposing the adjudication of Subtenant as a bankrupt or
insolvent or the reorganization of Subtenant or an arrangement by Subtenant with Subtenant’s
creditors, whether pursuant to the Federal Bankruptcy Code or any similar federal or state
proceedings.

               (iv) The admission in writing by Subtenant of Subtenant’s inability to pay Subtenant’s debts
when due.

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               (v) The appointment of a receiver, trustee, guardian, conservator or similar officer to manage
or oversee the business or any property of Subtenant or to wind-up Subtenant’s business or affairs

               (vi) The making by Subtenant of an assignment for the benefit of Subtenant’s creditors.

               (vii) Any failure by Subtenant to (a) make when due any payments of the Rent, additional rent
or other sum due hereunder, which failure continues for five (5) days after Landlord delivers
written notice thereto to Tenant or (b) perform or observe any term, covenant or condition of this
Sublease not otherwise specifically described in this Section 11, which failure continues for
twenty (20) days after Sublandlord delivers written notice to the Subtenant.

          (b) Remedies. Upon the occurrence of an Event of Default, Sublandlord shall have all of the
same rights and remedies against Subtenant that would be available to Lessor under the Prime Lease
if the occurrence of such Event of Default were attributable to Sublandlord thereunder. It is
understood and agreed that, upon the occurrence of any such Event of Default, Sublandlord may elect
to re-Sublet the Subleased Premises in its sole and absolute discretion and without impairing in
any manner the liability of Subtenant to Sublandlord under this Sublease.

          (c) Right to Cure. If Subtenant shall default in the observance of any provision or covenant
on Subtenant’s part to be performed, Sublandlord, in addition to all other remedies available to
it, may elect, but shall not be required, to perform such obligation of Subtenant and Subtenant
shall reimburse Sublandlord for any expenditure incurred in connection therewith, together with
interest thereon at a rate of eighteen percent (18%) per annum, or at such rate as is provided in
the Prime Lease, whichever is greater, upon demand from Sublandlord.

          (d) Attorneys’ Fees. In the event any sums payable to Sublandlord hereunder are collected at
law or through any attorney, Subtenant, in addition to such sums, shall reimburse Sublandlord upon
demand for its costs and expenses, including reasonable attorneys’ fees, incurred by Sublandlord.
Subtenant shall pay all attorneys’ fees and expenses Sublandlord incurs in enforcing any other
obligation of Subtenant hereunder, or in connection with any litigation which Sublandlord shall,
without its fault, become involved through or on account of this Sublease.

          (e) Waiver of Trial by Jury. Insofar as permitted by law, Sublandlord and Subtenant hereby
expressly waive the right to trial by jury in any action or proceeding or counterclaim between the
parties hereto, or their successors or permitted assigns, arising out of or in any way connected
with this Sublease or any of its provisions, Subtenant’s use or occupancy of the Subleased
Premises, and/or claim of injury or damage.

     12. Damage, Destruction or Condemnation. In the event of damage or destruction of the
Subleased Premises or the taking of all or any part thereof under the power of eminent domain, this
Sublease shall terminate if the Prime Lease is terminated as a result thereof, and the rent payable
hereunder shall abate only as long as and to the extent that the rent due from

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Sublandlord to Lessor under the Prime Lease with respect to the Subleased Premises abates as a
result thereof. Subtenant shall have no claim to Sublandlord’s insurance proceeds or to
condemnation proceeds.

     13. Brokers. Subtenant acknowledges and agrees that it has not engaged the services of, and
are not liable to any real estate agent, broker, finder or any other person or entity for any
brokerage or finder’s fee, commission or other amount with respect to this Sublease. Sublandlord
and Subtenant each agree to indemnify, defend and hold the other harmless against all loss,
liability and expense, including attorneys’ fees and costs, suffered by either party due to a
breach of the foregoing representation, covenant and warranty.

     14. Miscellaneous Provisions.

          (a) Headings. Headings used herein are for convenience only and shall not be construed to
limit or extend the meaning of any provision of this Sublease.

          (b) Severability. The provisions of this Sublease are severable and, if any clause or
provision shall be held invalid or unenforceable in whole or in part in any jurisdiction, then such
invalidity or unenforceability shall affect only such clause or provisions or part thereof in such
jurisdiction and shall not in any manner affect such clause or provision in any other jurisdiction
or any other clause or provision of this Sublease in any jurisdiction.

          (c) Governing Law. This Sublease shall be governed by and construed in accordance with the
laws of the State of Florida, without regard to conflicts of laws principles.

          (d) Counterparts. This Sublease may be executed in two or more counterparts, each of which
shall be deemed an original and which together shall constitute one and the same instrument.

          (e) Entire Agreement Modifications. This Sublease constitutes the entire agreement between
the parties hereto with respect to the Subject matter hereof and supersedes all prior discussions,
understandings, agreements and negotiations between the parties hereto. This Sublease shall not be
modified or amended and no waiver of any provision hereof shall be effective unless set forth in an
instrument duly executed by the parties hereto.

          (f) Successors and Assigns. The provisions of this Sublease shall extend to and shall bind
and inure to the benefit of the parties hereto and their respective heirs, personal
representatives, successors and permitted assigns. If Sublandlord transfers its estate in the
Subleased Premises, Sublandlord shall thereafter be relieved of all obligations of Sublandlord
expressed in this Sublease or implied by law, except those arising out of a breach or default by
Sublandlord prior to such transfer.

          (g) Waiver. One or more waivers of any covenant or condition by Sublandlord shall not be
construed as a waiver of a further breach of the same or other covenant or condition, and any
consent or approval shall not be deemed to waive or render unnecessary Sublandlord’s consent or
approval to any subsequent similar action. Sublandlord’s acceptance of Rent or additional rent
during the continuance of any breach of this Sublease or Event of Default hereunder shall not
constitute a waiver of such breach or Event of Default. Any payment by

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Subtenant of a lesser amount of Rent or additional rent than is due shall be applied to such
arrearage as Sublandlord may designate irrespective of any contrary designation by Subtenant and
Sublandlord’s acceptance of any such payment shall not be deemed an accord and satisfaction, and
shall be without prejudice to Sublandlord’s right to pursue other remedies.

          (h) Notices. Any notice required or permitted under this Sublease shall be in writing and
shall be deemed to have been received (i) if given by overnight delivery service or by personal
delivery, when actually received, or (ii) if given by certified mail, return receipt requested,
postage prepared, two (2) business days after posting with the United States Postal Service, to the
other party at the following addresses or such other addresses as the parties hereto shall
designate in writing:

If to Sublandlord:

ECI Telecom, Inc.

1201 West Cypress Road

Fort Lauderdale, Florida 33309

Attention: Chief Financial Officer

Telefax Number (954) 351-4404

If to Subtenant:

Veraz Networks, Inc.

926 Rock Avenue Suite 20

San Jose, CA 95131

Attn: Chief Financial Officer

     Notwithstanding the foregoing, Subtenant shall be deemed to have received any notices provided
to Sublandlord by Lessor under the Prime Lease on the same date that Sublandlord is deemed to have
received any such notice under the Prime Lease. Sublandlord agrees that it shall promptly provide
Subtenant with a photocopy of any such notice so received. In addition, unless otherwise expressly
provided herein, any notices, reports or payments which Sublandlord is required to provide to
Lessor under the Prime Lease shall be delivered by Subtenant to Sublandlord ten (10) days prior to
the date on which any such notices, reports or payments must be provided by Sublandlord as lessee
under the Prime Lease, and any response to notices or reports to Subtenant required to be Made by
Sublandlord within a period specified in the Prime Lease shall not be due until ten (10) days
following the date on which any such response is due from Lessor under the Prime Lease to
Sublandlord as lessee thereunder.

          (i) Survival. Notwithstanding any provision to the contrary contained in this Sublease,
Subtenant’s obligations to indemnify Sublandlord hereunder shall survive the expiration of the Term
hereof or any earlier termination of this Sublease.

          (j) Time Being of the Essence. TIME SHALL BE OF THE ESSENCE with regard to each date by which
performance is required by Subtenant under the Prime Lease or this Sublease.

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          (k) Authority. Each party hereto hereby represents and warrants that this Sublease has been
duly authorized, executed and delivered by all necessary action on behalf of such party,
constitutes the valid and binding agreement of such party and is enforceable in accordance with its
terms.

     15. Additional Provisions.

          (a) Permitted Use. Subtenant shall have the right to use the Subleased Premises solely for
general office purposes.

          (b) Security Deposit. Concurrently with Subtenant’s execution of this Sublease, Subtenant
shall deposit with Sublandlord the sum of $0 and 00/100 Dollars ($0) (the “Security Deposit”), in
cash, to secure Subtenant’s full and faithful performance of all the, obligations herein set forth.
Sublandlord shall not be required to pay interest on the Security Deposit or to maintain the
Security Deposit in a separate account. If any sum payable by Subtenant to Sublandlord shall be
due and unpaid, or if Sublandlord makes any payments on behalf of Subtenant, or if Sublandlord
suffers any loss, cost or expense as a result of Subtenant’s non-performance of any obligation or
covenant herein, then Sublandlord, at its option and without limiting any other remedy, may use and
apply any part of the Security Deposit to compensate Sublandlord for the payments not made or the
loss, cost or expense suffered by Sublandlord. Within five (5) business days after written notice
of Sublandlord’s use of the Security Deposit, Subtenant shall deposit with Sublandlord cash in an
amount sufficient to restore the Security Deposit to its prior amount. Within approximately
forty-five (45) days after the later of (a) the expiration or earlier termination of the Term, or
(b) Subtenant’s vacating the Sublease Premises, Sublandlord shall return the Security Deposit less
such portion thereof as Sublandlord may have used to satisfy Subtenant’s obligations and less such
other sums as Sublandlord reasonably expects to be due from Subtenant. Subtenant shall not
transfer or assign the Security Deposit or any interest therein without Sublandlord’s prior written
consent, which consent Sublandlord may withhold in its sole and absolute discretion.

          (c) Condition Precedent. This Sublease and the obligations of the parties hereunder are
expressly subject to the receipt by Sublandlord and Subtenant of the consent of Lessor (in the form
attached hereto) to the subletting of the Subleased Premises to Subtenant hereunder. Subtenant
agrees to cooperate with Sublandlord to obtain such consent of Lessor. In the event Lessor has not
consented to this Sublease within forty-five (45) days after the date on which this Subleases is
fully executed by Sublandlord and Subtenant. Sublandlord shall have the right to terminate this
Sublease by providing written notice thereof to Subtenant, in which event Sublandlord shall return
any prepaid rent to Subtenant and neither party shall have any further rights or obligations
hereunder.

     16. Sublandlord Services. The Sublandlord shall provide the Subtenant with the following
services at no additional cost:

          (a)

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     In Witness Whereof, Sublandlord and Subtenant have caused this Sublease to be
executed on their behalf by their duly authorized representatives and their seals affixed hereto as
of the day and year first above written.

AGREED AND ACCEPTED:

	 	 	 	 	 	 	 	 	 
	SUBLANDLORD:	 	 	 	SUBTENANT:
	 
	 	 	 	 	 	 	 	 
	ECI TELECOM, INC.

a Delaware corporation	 	 	 	VERAZ NETWORKS, INC.

a Delaware corporation
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/Patrick Sparks
	 	 	 	By:
	 	/s/ John Thompson
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:

	 	Patrick Sparks
	 	 	 	Name:
	 	John Thompson
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:

	 	VP-Operations & IT
	 	 	 	Title:
	 	CFO
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Date:

	 	08/31/04
	 	 	 	Date:
	 	8/31/04
	 

	 	 
	 	 	 	 	 	 

CONSENT OF LESSOR

     Fort Lauderdale Crown Center, Inc., a Florida corporation, as Lessor under the Prime Lease,
hereby executes this Sublease for the sole purpose of consenting to (i) the sublease effected
hereby, and (ii) the use of the Premises for the purpose set forth herein; provided, however, that
the foregoing consent to subletting shall not release Sublandlord from its liability under the
Prime Lease nor waive the necessity for obtaining the consent of Lessor to any further subletting
of the Master Premises.

	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	 
	 	 
	 

	 	 	 	 	 	 	 	 
	Fort Lauderdale Crown Center, Inc., a Florida corporation	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Name:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 

10.exv10w25

 

Exhibit 10.25

SUBLEASE AGREEMENT AMENDMENT

(FORT LAUDERDALE)

     THIS SUBLEASE AGREEMENT AMENDMENT (“Amendment”) is made effective as of the 31st
day of January 2006 by and between ECI TELECOM INC., a Delaware corporation (“Sublandlord”) and
VERAZ NETWORKS, INC. (“Subtenant”) and amends that certain Sublease Agreement by and between
Sublandlord and Subtenant entered in as of the 31st day of August 2004 (“Sublease”).

RECITALS

A. Pursuant to the Sublease, Subtenant leased from Sublandlord certain space located 1201 West
Cypress Creek Road, Fort Lauderdale, Florida 33309 (“Building”).

B. Subtenant and Sublandlord now wish to amend the Sublease to allow Subtenant to lease from
Sublandlord an additional 652 square feet of space located in the Building as more fully described
hereinafter (hereinafter referred to as the “Additional Space”).

C. Nothing herein contained shall be deemed to reduce and/or diminish the Sublessee’s obligations
or duties as to the Subleased Premises as originally set forth in the Sublease as this Amendment
merely adds space to the Sublease.

SUBLEASE AGREEMENT

     NOW, THEREFORE, for and in consideration of the mutual covenants set forth herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
Sublandlord and Subtenant hereby agree as follows:

1. Section 1 of the Sublease shall be amended to read as follows:

Subleased Premises. Subject to the terms and conditions set forth in this Sublease,
Sublandlord hereby subleases to Subtenant, and Subtenant hereby takes from Sublandlord, that
certain portion of the Master Premises containing approximately 4,931 square feet of
rentable area being more particularly shown in cross-hatching on the floor plan attached
hereto in Exhibit A (hereinafter referred to as the “Subleased Premises”). For the
avoidance of doubt, both parties agree that this will be the only space subject to the
Sublease and that all warehouse space which may or may not have been provided under the
Sublease from time to time prior to the date of this Amendment to the Sublease shall be
deemed fully returned to the Sublandlord with no further obligations from the Subtenant.

2. Section 2(a) of the Sublease shall be amended to read as follows:

Term. The term of the Sublease for the Additional Space only (the “Term”) shall
commence on February 1, 2006 (the “Commencement Date”) and shall terminate on January 31,
2007, provided, however, that Subtenant shall have the option to extend the Sublease for the
Additional Space for additional one (1) year periods (“Extension Periods”) by providing
written notice thereof to Sublandlord; provided, further, that no Extension Periods shall be
deemed to extend the sublease beyond the term of the Prime Lease, including any and all
option periods exercised by the Sublandlord; and (2) with respect to the space originally
leased under the Sublease, with the expiration of the Prime Lease, including, any and all
option periods exercised by Sublandlord

1.

 

unless otherwise sooner terminated in accordance with the provision of this Sublease (each
of which shall be referred to as an “Expiration Date”).

3. The first paragraph of Section 3(a) of the Sublease shall be amended to read as follows:

Minimum Rent. During the term of the Sublease, as amended by this Amendment,
Subtenant shall pay to Sublandlord a monthly full service rent (“Rent” for the subleased
Premises, without set-off, deduction or demand, in the amounts as detailed below. The rent
shall be inclusive of all electric, janitorial, building maintenance and all-pass-through
obligations under the Lease including but not limited to Common Area Maintenance (“CAM”) and
Real Estate Taxes. The Rent shall increase at annual adjustments of three percent (3%) for
the year preceding said anniversary, plus applicable sales tax thereon.

 Monthly Rent Charges

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	With	 	 
	 	 	 	 	 	 	additional	 	 
	Period	 	Original Space	 	space	 	Total
	Feb 1, 2006 - Sep 30, 2006
	 	$	9,785.00	 	 	$	720.00	 	 	$	10,505.00	 
	Oct 1, 2006 - Sep 30, 2007
	 	$	10,078.55	 	 	$	741.60	 	 	$	10,820.15	 
	Oct 1, 2007 - March 31, 2008*
	 	$	10,380.91	 	 	$	763.85	 	 	$	11,144.75	 
	April 1, 2008 - Sep 30, 2008
	 	$	10,380.91	 	 	$	763.85	 	 	$	11,144.75	 
	Oct 1, 2008 - Sep 30, 2009
	 	$	10,692.33	 	 	$	786.76	 	 	$	11,479.10	 
	Oct 1, 2009 - Sep 30, 2010
	 	$	11,013.10	 	 	$	810.37	 	 	$	11,823.47	 
	Oct 1, 2010 - Sep 30, 2011**
	 	$	11,343.50	 	 	$	834.68	 	 	$	12,178.17	 

 

			
	*	 	Sublease will terminate on 3/31/08 if ECI exercises its right to terminate prime lease.
	 
	**	 	This represents end of lease term.

     IN WITNESS WHEREOF, Sublandlord and Subtenant have caused this Amendment to be executed on
their behalf by their duly authorized representatives as of the day and year first above written.

	 	 	 	 	 	 	 
	 	 	SUBLANDLORD:	 	 
	 
	 	 	 	 	 	 
	 	 	ECI TELECOM, INC.	 	 
	 	 	a Delaware Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	Signature:	 	/s/ Paul
Ellett	 	 
	 

	 	Printed Name:
	Paul
Ellett

	 	 
	 

	 	Title:
	General
manager

	 	 
	 

	 	Date:
	02-23-06

	 	 
	 

	 	 	 

	 	 

2.

 

	 	 	 	 	 	 	 
	 	 	SUBTENANT:	 	 
	 
	 	 	 	 	 	 
	 	 	VERAZ NETWORKS, INC.	 	 
	 	 	a Delaware Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	Signature:	 	/s/ 
Al Wood	 	 
	 

	 	Printed Name:
	Al
Wood

	 	 
	 

	 	Title:
	CEO

	 	 
	 

	 	Date:
	2/28/06

	 	 
	 

	 	 	 

	 	 

3.

 

Exhibit A

Rentable Area

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]