Document:

Prepared by R.R. Donnelley Financial -- Amendment No. 1 to Lease Agrmnt dtd 05/20/02

 EXHIBIT 10.54 
  
 AMENDMENT NO. 1 TO LEASE 
  
 THIS AMENDMENT NO. 1 TO LEASE (“Amendment No.
1”) is made to be effective as of May 20, 2002 (“Effective Date”), by and between CALIFORNIA PLAZA AT WALNUT CREEK, INC., a Florida not-for-profit corporation (“Landlord”), and ELECTRONIC ARTS, INC., a
Delaware corporation (“Tenant”). All terms and phrases which are capitalized in this Amendment No. 1 shall have the same meaning and definition as those set forth in the Lease unless otherwise stated in this Amendment No. 1.

  
 RECITALS 
  
 A.    Landlord and Tenant entered into that certain Office Lease dated February 1, 2001 (“Lease”), pursuant to which Tenant leased Suite 600 and Suite 700
(together, the “Old Premises”) in that certain office building (“Building”) located at 2121 North California Boulevard, Walnut Creek, California 94956 and commonly known and referred to as CALIFORNIA PLAZA.

  
 B.    Tenant desires to expand the Old Premises to include approximately 3,400 net rentable
square feet of space on the sixth (6th) floor (“Suite 685”) in the Building. Synergen, Inc., a Delaware corporation (“Synergen”), presently occupies Suite 685 pursuant to that certain Office Lease dated January 31,
2002 (“Synergen Lease”) between Landlord as landlord and Synergen as tenant. The Synergen Lease is scheduled to expire on March 31, 2007. Synergen desires to vacate Suite 685 and lease Suite 1025 in the Building from Landlord.

  
 C.    Subject to the terms and conditions set forth below, Landlord and Tenant have agreed to
amend the Lease as follows. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein
contained, and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the undersigned hereby agree as follows: 
  
 1.    Recitals.    The foregoing Recitals are incorporated by reference as if fully set forth herein. 
  
 2.    Amendment of Lease.    Landlord and Tenant hereby amend the Lease as follows:

  
 2.1    Lease of Suite 685.    New Article
29 entitled “Lease of Suite 685” is hereby added to the Lease: 
  
 29.01    Lease of Suite 685.    Landlord hereby leases to Tenant and Tenant hereby leases from Landlord Suite 685 for a Term commencing on June 1, 2002 (“Scheduled Suite 685
Commencement Date”) and expiring on January 31, 2009. As used herein, the term “Suite 685 Commencement Date” shall mean and refer to the actual date Landlord delivers and Tenant accepts possession of Suite 685. The parties
acknowledge that Synergen currently occupies Suite 685. Notwithstanding any provision to the contrary in this Lease, Landlord’s obligation to deliver Suite 685 to Tenant is contingent upon fulfillment of the following conditions: (1) execution
by Landlord and Synergen of an amendment to the Synergen Lease in a form satisfactory to Landlord terminating the Term as to Suite 685 on or about May 31, 2002, and (2) vacation and surrender of Suite 685 by Synergen on or about May 31, 2002 (the
“Requirements”). Until both Requirements are satisfied, Landlord shall have no obligation to deliver possession of Suite 685 to Tenant. Landlord’s inability to deliver possession of Suite 685 to Tenant by the Scheduled Suite
685 Commencement Date because of a failure to satisfy the Requirements shall not 
 

 1 

 
be a default by Landlord under the Lease, nor shall Tenant have any right to terminate the Lease, as a result of such inability or delay by Landlord to deliver Suite 685. If Landlord fails to
deliver possession of Suite 685 to Tenant by August 31, 2002, this Amendment No. 1 shall be voidable by Tenant or Landlord. 
  
 2.2    Amendment of Article 1—DEFINITIONS. 
  
 2.2.1    Premises.    The following new Section 1.02(A) is added to the Lease: 
  
 (A)    Effective on the Suite 685 Commencement Date, the term “Premises” shall mean Suites 600, 700 and 685, and the
floor plan attached as Exhibit “A” to the Lease shall be deemed replaced in its entirety by the floor plan attached as and incorporated herein by this reference as Exhibit “A-1” to this Amendment No. 1. 
  
 2.2.2    Net Rentable Area of the Premises.    The following new
paragraph is hereby as Section 1.03(C) immediately before the full paragraph at the end of Section 1.03 and after Section 1.03(B) “With respect to Suite 700, thirty-six thousand eight hundred thirty-four (36,834) rentable square feet”:

  
 Effective on the Suite 685 Commencement Date, the phrase “Net Rentable Area of the
Premises” shall mean a total of eighty-two thousand six hundred thirty-two (82,632) rentable square feet as follows: (i) Suite 600, which consists of forty-two thousand three hundred ninety-eight (42,398) rentable square feet, (ii) Suite
700, which consists of thirty-six thousand eight hundred thirty-four (36,834) rentable square feet, and (iii) Suite 685, which consists of three thousand four hundred (3,400) rentable square feet. 
  
 2.2.3    Base Rent.    Section 1.07 is hereby amended so that
Monthly Base Rent shall be as follows, effective on the Suite 685 Commencement Date: 
  
 
	  	  	 Monthly
 Base
Rent
 Suite 600
 
	  	 Monthly
 Base
Rent
 Suite 700
 
	  	 Monthly
 Base
Rent
 Suite 685
 
	  	 Total
 Monthly

Base Rent
 

	 Second Lease Year
 	  	  	  	  	  	  	  	  	  	  	  	  
	 2/01/02—5/31/02
 	  	 $
 	 62,749.04
 	  	 $
 	 127,563.51
 	  	  	  	  	 $
 	 190,312.55
 
	 6/01/02—11/30/02
 	  	 $
 	 62,749.04
 	  	 $
 	 127,563.51
 	  	 $
 	 10,710.00
 	  	 $
 	 201,022.55
 
	 12/1/02—1/31/03
 	  	 $
 	 141,185.34
 	  	 $
 	 127,563.51
 	  	 $
 	 10,710.00
 	  	 $
 	 279,458.85
 
	 
	 Third Lease Year
 	  	  	  	  	  	  	  	  	  	  	  	  
	 2/01/03—5/31/03
 	  	 $
 	 146,832.75
 	  	 $
 	 132,666.05
 	  	 $
 	 10,710.00
 	  	 $
 	 290,208.80
 
	 6/01/03—1/31/04
 	  	 $
 	 146,832.75
 	  	 $
 	 132,666.05
 	  	 $
 	 11,031.30
 	  	 $
 	 290,530.10
 
	 
	 Fourth Lease Year
 	  	  	  	  	  	  	  	  	  	  	  	  
	 2/01/04—5/31/04
 	  	 $
 	 152,706.06
 	  	 $
 	 137,972.69
 	  	 $
 	 11,031.30
 	  	 $
 	 301,710.05
 

 
 

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	 6/01/04—1/31/05
 	  	 $
 	 152,706.06
 	  	 $
 	 137,972.69
 	  	 $
 	 11,362.24
 	  	 $
 	 302,040.99
 
	 
	 Fifth Lease Year
 	  	  	  	  	  	  	  	  	  	  	  	  
	 2/01/05—5/31/05
 	  	 $
 	 158,814.31
 	  	 $
 	 143,491.59
 	  	 $
 	 11,362.24
 	  	 $
 	 313,668.14
 
	 6/01/05—1/31/06
 	  	 $
 	 158,814.31
 	  	 $
 	 143,491.59
 	  	 $
 	 11,703.11
 	  	 $
 	 314,009.01
 
	 
	 Sixth Lease Year
 	  	  	  	  	  	  	  	  	  	  	  	  
	 2/01/06—5/31/06
 	  	 $
 	 165,166.88
 	  	 $
 	 149,231.25
 	  	 $
 	 11,703.11
 	  	 $
 	 326,101.24
 
	 6/01/06—1/31/07
 	  	 $
 	 165,166.88
 	  	 $
 	 149,231.25
 	  	 $
 	 12,054.20
 	  	 $
 	 326,452.33
 
	 
	 Seventh Lease Year
 	  	  	  	  	  	  	  	  	  	  	  	  
	 2/01/07—5/31/07
 	  	 $
 	 171,773.55
 	  	 $
 	 155,200.50
 	  	 $
 	 12,054.20
 	  	 $
 	 339,028.25
 
	 6/01/07—1/31/08
 	  	 $
 	 171,773.55
 	  	 $
 	 155,200.50
 	  	 $
 	 12,415.83
 	  	 $
 	 339,389.88
 
	 
	 Eighth Lease Year
 	  	  	  	  	  	  	  	  	  	  	  	  
	 2/01/08—5/31/08
 	  	 $
 	 178,644.50
 	  	 $
 	 161,408.52
 	  	 $
 	 12,415.83
 	  	 $
 	 352,468.85
 
	 6/01/08—1/31/09
 	  	 $
 	 178,644.50
 	  	 $
 	 161,408.52
 	  	 $
 	 12,788.30
 	  	 $
 	 352,841.32
 

 
  
 If the Suite 685 Commencement Date is other than the Scheduled Suite 685 Commencement
Date, then Tenant shall pay the Old Premises Base Rent to Landlord pursuant to the Lease and, at least five (5) calendar days prior to the Suite 685 Commencement Date (and as a condition precedent to Tenant taking occupancy of the Suite 685) Tenant
shall pay to Landlord a prorated portion of Base Rent for the Suite 685 in advance for that calendar month, based on the number of days between the actual Suite 685 Commencement Date and the last day of the month in which the actual Suite 685
Commencement Date occurred. 
  
 2.2.4    Tenant’s Percentage
Share.    Sections 1.08(C) and (D) are hereby deleted and replaced with the following new Sections 1.08(C), (D) and (E): 
  
 (C)    Suite 685. In connection with Suite 685 only, the phrase “Tenant’s Percentage Share (Suite 685)” shall mean nine hundred twenty-three ten thousandths
percent (.00923%) with respect to Property Taxes and Operating Expenses for the Building. 
  
 (i)    Starting on January 1, 2003 and during each and every month thereafter during the Initial Lease Term, Tenant shall pay Tenant’s Percentage Share (Suite 685) of Property Taxes and Operating Expenses in
excess of the Property Taxes and Operating Expenses paid or incurred by Landlord during the Suite 685 Base Year (defined in Section 4.01(A)). 
  
 (D)    All references in this Lease to “Tenant’s Percentage Share” shall mean either Tenant’s Percentage Share (Suite 600), Tenant’s Percentage Share
(Suite 700) or Tenant’s Percentage Share (Suite 685) as determined during the applicable period set forth above. 
 

 3 

  
 (E)    Landlord may redetermine
Tenant’s Percentage Share from time to time to reflect reconfigurations, additions or modifications to the Building. 
  
 2.3    Acceptance of Premises.    Section 2.02 of the Lease is hereby deleted and replaced with the following new Section 2.02: 
  
 2.02    Acceptance of Premises.    Tenant acknowledges that Landlord has
not made any representation or warranty with respect to the condition of the Premises or the Building or with respect to the suitability or fitness of either for the conduct of Tenant’s Permitted Use or for any other purpose except as expressly
set forth herein. To the best of Landlord’s knowledge, without inquiry, the Building and Premises comply with Applicable Laws (as defined in Section 6.02(A)). 
  
 (A)    Tenant currently occupies Suite 600 pursuant to a prior lease agreement (“Prior Lease”) which will be
terminated on the Commencement Date and replaced by this Lease. Prior to the Commencement Date, Landlord or its designee and Tenant will walk Suite 700 for the purpose of reviewing the condition of the same (and the condition of completion and
workmanship of any tenant improvements in the Premises which Landlord is required to construct in the Premises pursuant to this Lease); after such review, Tenant shall execute a Suite Acceptance Letter, in the form of Exhibit “D” attached
hereto. 
  
 (B)    Except as is expressly set forth in this Section 2.02, the
Work Letter Agreement attached hereto as Exhibit “B,” the Suite Acceptance Letter attached hereto as Exhibit “D,” and the Suite 685 Acceptance Letter attached hereto as Exhibit “D-1,” Tenant agrees to accept the
Premises and the Building in their respective “as is” physical condition without any agreements, representations, understandings or obligations on the part of Landlord to perform any alterations, repairs or improvements (or to
provide any allowance for same) except for Landlord’s obligations pursuant to Section 8.1 and Article 11 of this Lease. 
  
 2.4    Option to Extend Term. 
  
 2.4.1    The first three (3) sentences of Section 3.02 of the Lease are hereby deleted and replaced with the following: 
  
 3.02    Option to Extend Term.    Tenant is hereby granted the one-time right and option to extend the
Initial Lease Term (“Option to Extend Term”) for a single additional period of five (5) consecutive Lease Years (“Extension Period”) from and after the Expiration Date. The terms and conditions applicable to the
Extension Period shall be the same terms and conditions in effect under the Lease immediately prior to the Extension Period, with the following exceptions: (i) if the Option to Extend Term is exercised for less than all of the Premises, then the
exercise must include at least one (1) full floor in the Building (i.e., 
 

 4 

 
either the entire Suite 600 and Suite 685 and/or the entire Suite 700); (ii) if the Option to Extend Term is exercised for more than one (1) full floor but for less than all of the Premises, then
(a) the exercise must include all of Suite 700 and a portion of Suite 600 or Suite 685, and (b) Tenant must obtain Landlord’s prior written consent as to which portion of Suite 600 or Suite 685 is included and which portion of Suite 600 or
Suite 685 is excluded from the exercise, which consent shall not be unreasonably nor untimely withheld; (iii) Tenant shall have no further options to extend the Lease Term; (iv) the Monthly Base Rent for each month of each Lease Year during the
Extension Period shall be increased to that amount which is equal to the Fair Market Rent (defined below) for each month of each Lease Year during the Extension Period; and (v) if the Option to Extend Term is exercised for less than all of the
Premises, then (a) at commencement of the Extension Period the definition of Premises shall be revised to include only the portion of the Premises which was included in the exercise, and (b) the Monthly Base Rent shall be reduced to that amount
which is equal to the number of rentable square feet in the portion of the Premises included in the exercise multiplied by the Monthly Rental Rate Per Square Foot. For purposes of this Lease, the phrase “Monthly Rental Rate Per Square
Foot” means the amount which is equal to the monthly Fair Market Rent (defined below) as calculated for the entire Premises pursuant to this Section 3.02 divided by eighty-two thousand six hundred thirty-two (82,632). 

 
 2.4.2    Section 3.02(C)(i) of the Lease is hereby deleted and replaced with the
following new Section 3.02(C)(i): 
  
 (i)    If less then the entire Premises
will be leased by Tenant during the Extension Period, then the parties shall (a) determine the monthly Fair Market Rent for the entire Premises, (b) then determine the Monthly Rental Rate Per Square Foot by dividing the monthly Fair Market Rent for
the entire Premises by 82,632, and (c) then determine the monthly Fair Market Rent for the reduced Premises by multiplying the Monthly Rental Rate Per Square Foot by the number of rentable square feet in the reduced Premises. 

 
 2.5    Section 4.01    Definitions. 
  
 2.5.1    New Section 4.01(A)(iii) is hereby added to the Lease 
  
 (iii)    Suite 685. For Suite 685, the phrase “Suite 685 Base Year” shall mean
calendar year 2002. 
  
 2.5.2    The last paragraph of Section 4.01(A) is
hereby deleted and replaced with the following: 
  
 All references in this Lease to “Base
Year” shall mean either the Suite 600 Base Year, the Suite 700 Base Year or the Suite 685 Base Year, as the context dictates. 
 

 5 

  
 2.6    Monthly Base
Rent.    Section 4.02(C) is hereby deleted and replaced with the following new Sections 4.02(C) and (D):  
  
 (C)    Suite 685.    Starting on January 1, 2003 and during each calendar year thereafter during the Initial Lease Term, the Monthly Base Rent for Suite 685
payable by Tenant to Landlord, as adjusted pursuant to Section 1.07 above, shall be increased by (a) Tenant’s Percentage Share (Suite 685) of the total dollar increase, if any, in Property Taxes for such year over Property Taxes for the Suite
685 Base Year; and (b) Tenant’s Percentage Share (Suite 685) of the total dollar increase, if any, in Operating Expenses paid or incurred by Landlord during such year over Operating Expenses paid or incurred by Landlord during the Suite 685
Base Year. A decrease in Property Taxes or Operating Expenses below the Suite 685 Base Year amounts shall not decrease the amount of the Monthly Base Rent due hereunder or give rise to a credit in favor of Tenant. 
  
 (D)    In each case during the Initial Lease Term where Monthly Base Rent has been subject to a Rent
Adjustment pursuant to the provisions of this Section 4.02, each specific Rent Adjustment shall be referred to as a “Tax and Operating Expense Adjustment.” 
  
 2.7    Parking.    The first six (6) sentences of Section 27.01 are hereby deleted and replaced with
the following: 
  
 27.01    Parking.    From the
Commencement Date and ending on the Suite 685 Commencement Date and so long as Tenant has not committed an event of default under this Lease which remains uncured following expiration of all applicable during periods, then Landlord shall lease to
Tenant and Tenant shall have the right to lease from Landlord up to a total of two hundred twenty-eight (228) unreserved parking spaces, and ten (10) reserved parking spaces. For the remainder of the Initial Lease Term, so long as Tenant has not
committed an event of default under this Lease which remains uncured following expiration of all applicable during periods, then Landlord shall lease to Tenant and Tenant shall have the right to lease from Landlord up to a total of two hundred
thirty-eight (238) unreserved parking spaces, and ten (10) reserved parking spaces. For each unreserved parking space, Tenant shall pay Landlord the prevailing rental rate of Sixty Five and No/100 Dollars ($65.00) per space per month. For each
reserved parking space, Tenant shall pay Landlord the prevailing rental rate of One Hundred Twenty Five and No/100 Dollars ($125.00) per space per month. All amounts due from Tenant to Landlord for parking space rental shall be deemed Rent and shall
be due and payable by Tenant to Landlord along with and in addition to Tenant’s payment of Monthly Base Rent for the Premises. The monthly rate for all parking spaces shall be subject to periodic adjustments to the then fair market value
charged by other managers and 
 

 6 

 
operators of parking spaces situated in the downtown Walnut Creek area (as determined by Landlord in its reasonable discretion). Tenant shall have the right, not more than two (2) times during
any calendar year and upon at least sixty (60) calendar days advance written notice to Landlord, to increase or decrease the number of unreserved parking spaces in increments of ten (10) parking spaces per change; provided, however, in no event
shall Tenant have the right to lease more than two hundred thirty-one (231) unreserved parking spaces. 
  
 2.8    Exhibits.    The following sentence is hereby added to the end of Section 28.15: 
  
 Exhibit “A-1” (Outline of Premises), which shall replace Exhibit “A”, and Exhibit “D-1” (Suite 685 Acceptance Letter) are
incorporated into this Lease by reference and made a part hereof. 
  
 3.    Representations.    Each party represents to the other that it has full power and authority to execute this Amendment No. 1. Each party represents to the other that it has not made
any assignment, sublease, transfer, conveyance or other disposition of the Lease or any interest in the Lease or the Leased Premises, and has no knowledge of any existing or threatened claim, demand, obligation, liability, action or cause of action
arising from or in any manner connected with the Lease or the Premises by any other party. 
  
 4.    Not Binding Until Signed By Both Parties.    This Amendment No. 1 shall not be binding until executed and delivered by both parties. This Amendment No. 1 shall not be relied
upon by any other party, individual, corporation, partnership or other entity as a basis for terminating its lease with Landlord. 
  
  5.    Miscellaneous.    Warranties, representations, agreements, and obligations contained in this Amendment No. 1 shall survive the execution and delivery of this Amendment No.
1 and shall survive any and all performances in accordance with this Amendment No. 1. This Amendment No. 1 may be executed in any number of counterparts which together shall constitute the Amendment No. 1. If any party obtains a judgment against any
other party by reason of breach of this Amendment No. 1, reasonable attorneys’ fees as fixed by the court shall be included in such judgment. This Amendment No. 1 and the terms and provisions hereof shall inure to the benefit of and be binding
upon the heirs, successors and assigns of the parties. This Amendment No. 1 shall be construed and enforced in accordance with the laws of the State of California. 
 

 7 

  
 IN WITNESS WHEREOF, the Landlord and Tenant have duly executed this Amendment No.
1 as of the date set forth below, in Walnut Creek, California. Notwithstanding the actual date of execution, this Amendment No. 1 shall for all purposes be deemed effective as of the Effective Date first above written. 
  
 
	 LANDLORD:
 	 	  	 	 TENANT:
 
	 
	 CALIFORNIA PLAZA AT WALNUT
CREEK, INC., a Florida not-for-profit corporation
 	 	  	 	 ELECTRONIC ARTS, INC., a Delaware
corporation
 
	 By:
 	 	 
	 	  	 	 By:
 	 	 /S/    RUTH A.
KENNEDY        
 

	  	 	 Thomas E. Burdi,
 Executive
Vice-President
 	 	  	 	  	 	 Ruth A. Kennedy
 Name:  Ruth Kennedy
 Title:  SVP and General Counsel
 

 
 

 8 

  
 EXHIBIT “A-1” 
  
 FLOOR PLAN OF PREMISES 
  
 TO BE ATTACHED

 

 1 

  
 EXHIBIT “D-1” 
  
 SUITE 685 ACCEPTANCE AGREEMENT 
  
 
	 Tenant’s Name:
 	 	 ELECTRONIC ARTS, INC.
 
	 Lease Dated:
 	 	 February 1, 2001
 
	 Premises:
 	 	 Suite 685
 
	 Building:
 	 	 2121 North California Boulevard, Walnut Creek, California 94596
 
	 Name of Tenant’s Contact:
 	 	                             Phone #:
 

 
  
 Ladies and Gentlemen: 
  
 As a representative of the referenced Tenant, I/we certify that: Tenant has physically inspected Suite 685 and its improvements with
                    , a representative of the Landlord. Except as set forth below, I/we accept the improvements constructed and installed in Suite
685 in their “as is” condition and verifies that the same comply with all the requirements indicated in the Lease. I/we also verify that the following information is true, accurate and may be relied on by Landlord: 
  
 
	 Commencement Date:
 	 	 February     , 2001
 
	 Date First Lease Year Commenced:
 	 	 February     , 2001
 
	 Rent Commencement Date for Suite 685:
 	 	 June     , 2002
 
	 Expiration Date of Initial Lease Term:
 	 	 January 31, 2009
 
	 Date Keys To Suite 685 Delivered:
 	 	 June     , 2002
 
	 Suite 685 Items Requiring Attention:
 	 	  

 
  
 
	 TENANT
 	 	  	 	  
	 
	 ELECTRONIC ARTS, INC.,
 a Delaware corporation
 	 	  	 	  
	 
	 By:
 	 	 
	 	  	 	 Date:
 	 	 

	  	 	 Name:
 Title:
 	 	  	 	  	 	  

 
 

 1Prepared by R.R. Donnelley Financial -- Offer Letter Warren Jenson dtd 6/21/2002

 EXHIBIT 10.55 
  
 ELECTRONIC ARTS 
  
 June 21, 2002 
  
 Warren Jenson 
  
 Dear Warren: 
  
 I am pleased to offer you a regular full-time position with Electronic Arts as our Executive Vice President and Chief Financial & Administration Officer, reporting to
me, at a base salary of $500,000 annualized, minus applicable taxes. 
  
 For your information, I have enclosed a copy
of our current Electronic Arts Playbook, which describes employee responsibilities, as well as various benefits to which you may be entitled. In addition to the benefits described in the Electronic Arts Playbook, you will also be eligible to
participate in our discretionary bonus program. This discretionary bonus is typically determined at the end of our fiscal year (March). Your discretionary bonus target will be 75% of your salary. For Fiscal Year 2003, we will guarantee a minimum
payout of your target ($375,000), minus applicable taxes. To receive payment of your bonus you must be employed by Electronic Arts at the time any bonuses are paid. 
  
 The Board of Directors have approved that you be granted a Non-Qualified Option to purchase 600,000 shares of Electronic Arts Class A common stock in accordance with our
2000 Class A Equity Incentive Plan. These shares will be granted and the exercise price set at the fair market value on your first day of employment with Electronic Arts. 300,000 options of this grant will be on a 48 month cliff vest. The other
300,000 will vest on our normal vesting schedule. 
  
 You are being provided Executive relocation assistance by EA.
This program will also cover your temporary living and temporary commuting costs. You will also be provided a $4,000,000 one time interest free loan from EA, within five business days of your first day of employment. This loan win be forgiven in two
parts: $2,000,000 will be forgiven at the 24 month anniversary of your employment and will be grossed up at that time to offset the tax implications of the forgiveness. At your 48 month anniversary, the additional $2,000,000 will be forgiven. You
will be responsible for the tax implications of forgiveness of the second $2,000,000. If you voluntarily leave the employment of EA, you will be responsible for repayment in full within 60 days of the outstanding loan amounts in accordance with the
above forgiveness schedule. If you were to die or be permanently disabled, we would forgive the loan in full. 
  
 Per
EA policy, if you voluntarily leave your employment within one year from your date of hire, you agree to pay EA, within 60 days of your last day of employment, a pro rata portion of the incurred relocation expenses not related to the loan.

  
 Lastly, EA is providing you a one-time sign on bonus of $500,000 as incentive for you to forego other
opportunities and to join us. 
  
 If you have any questions about this offer, about the matters in the Playbook, or
about your eligibility to participate in or to be covered by any of the described benefits, please call Rusty at 650-628-7430. 

  
 In the course of your work, you will have access to proprietary materials and
concepts. Our offer is contingent on your signing Electronic Arts’ New Hire/Proprietary Information Agreement. Two copies are enclosed for signature (please keep one for your own records). 
  

This offer letter contains the entire understanding between you and Electronic Arts as to the terms of your offer of employment and specifically supersedes all
previous discussions you may have had with anyone at Electronic Arts regarding those terms. 
  
 Your employment with
Electronic Arts is for an indefinite term. In other words, the employment relationship is “at will” and you have the right to terminate that employment relationship at any time, subject only to the financial agreements regarding the loan
as described above. Also, although I hope you will remain with us and be successful here, Electronic Arts must, and does retain the right to terminate the employment relationship at any time. 
  

I can’t begin to tell you how pleased I am that you’ll be joining our team. Please sign below and return both pages of the original offer letter to Rusty in
the enclosed envelope, and we can begin your orientation to EA. Please keep a copy for yourself. 
  
 Electronic
Arts’ mission is to be the greatest entertainment company.... ever. We get there through four critical areas of focus and success: Being the #1 Company on the Next Generation Consoles, #1 Entertainment Software Company on the PC, #1 Provider of
Interactive Entertainment Online and the #1 People Company for high performance teams and individuals. We will be delighted to have you join us in our mission. 
  
 If you have any questions regarding this offer, please feel free to contact me. 
  
 Sincerely, 
  
 /s/    LARRY PROBST 
  
 Larry Probst 
 Chairman & CEO 
 Electronic Arts 
  
 Enclosures 
  
 Accepted by Candidate: 
  
 /s/    WARREN C JENSON 

 
 Anticipated Start Date: June 25th, 2002 
  
 cc:    Rusty Rueff 
 

 2

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