Document:

First Amendment to Lease

 Exhibit 10.5A 
 FIRST AMENDMENT TO LEASE 
 THIS FIRST AMENDMENT TO LEASE (this
“Amendment”) is made and entered into as of November 15, 2010, by and between LOCON SAN MATEO, LLC, a Delaware limited liability company (“Landlord”), and SOLARCITY CORPORATION, a Delaware
corporation (“Tenant”). 
 RECITALS 

A.     Landlord and Tenant are parties to that certain Office Lease Agreement dated July 30, 2010 (the
“Lease”). Pursuant to the Lease, Landlord has leased to Tenant space currently containing approximately 68,025 rentable square feet (the “Premises”) which is comprised of: (i) 45,350 rentable square feet
consisting of the entire first and third floors (the “Initial Premises”); and (ii) 22,675 rentable square feet consisting of the entire second floor (the “Additional Premises”) in the building commonly known as
Building C located at 3055 Clearview Way, San Mateo, California (the “Building”). 

B.     Tenant and Landlord mutually desire that the Lease be amended on and subject to the following terms and
conditions. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows: 

1.     Amendment. Effective as of the date hereof (unless different effective date(s) is/are
specifically referenced in this Section), Landlord and Tenant agree that the Lease shall be amended in accordance with the following terms and conditions: 
 1.1     Shower Area Improvements. 

1.1.1     Notwithstanding anything in the Lease to the contrary, subject to the terms of this Amendment, Landlord
has agreed to commence a portion of the Tenant Improvements in the Shower Area (as defined in Section 1.2 below) located on the second floor of the Building concurrently with Landlord’s performance of the Tenant Improvements to the Initial
Premises (as originally defined in the Lease). The portion of the Tenant Improvements to be performed by Landlord on the second floor of the Building in order to construct the Shower Area shall be referred to herein as the “Shower
Work”. 
 1.1.2     Except as expressly provided in this Amendment, the terms of the Work Letter
(the “Work Letter”) attached as Exhibit D to the Lease shall apply to the performance of the Shower Work; provided, however, that, notwithstanding any terms of the Work Letter or the Lease to the contrary, Tenant shall not be
permitted to apply any portion of the Allowance attributable to the Additional Premises (i.e., the entire second floor of the Building) to the cost of performance of the Shower Work. Tenant may either apply a portion of the Allowance attributable to
the Initial Premises (as originally defined in the Lease) (i.e., $2,721,000.00) to the cost of the Shower Work or, if such Allowance has been exhausted, Tenant shall reimburse Landlord for such

 
Excess Costs (as defined in the Work Letter) in accordance with Section 3(b) of the Work Letter. For the avoidance of doubt, the Allowance available to Tenant for performing the Tenant
Improvements to the Additional Premises shall remain unchanged (i.e., $1,360,500.00). 
 1.2    
Definitions of Initial Premises and Additional Premises. Notwithstanding anything in the Lease to the contrary, the “Initial Premises” shall mean the (a) entire first and third floors of the Building, and (b) a
portion of the second floor of the Building comprised of approximately 800 rentable square feet of space that will consist of shower facilities (the “Shower Area”); provided, however, that (i) for purposes of Tenant’s
remedies for Landlord’s late delivery of the Initial Premises set forth in Section 3.0 of the Lease, the Shower Area shall not be deemed a part of the Initial Premises, and (ii) notwithstanding the terms of Section 3.B.1. of the
Lease, prior to the Additional Premises Commencement Date, Tenant shall not have any access to the restrooms located on the second floor of the Building. The parties acknowledge that the rentable square footage of the Shower Area set forth in clause
(b) above is an estimate only and that, promptly following the Substantial Completion (as defined in Section 3.A of the Lease) of the Shower Area, Landlord shall have its architect measure the Shower Area in accordance with Landlord’s
standard measurement practices for the Building. If the rentable square footage of the Shower Area is determined to be greater or less than the rentable square footage set forth herein, Landlord and Tenant shall enter into an amendment modifying the
rentable square footage, Base Rent table, Tenant’s Share of the Building, and the per diem rent abatement amount applicable to the Additional Premises described in the second sentence of Section 3.0 of the Lease. 

1.3     Base Rent. Notwithstanding anything in the schedule of Base Rent set forth in the Lease to the
contrary, Tenant’s obligation to pay Rent with respect to the Shower Area shall commence on the later of (i) the date (the “Shower Delivery Date”) that Landlord delivers the Shower Area to Tenant with the Shower Work
Substantially Complete and (ii) the date that Tenant’s obligation to pay Base Rent for the remainder of the Initial Premises commences. Accordingly, commencing as of the Shower Delivery Date, Tenant shall be responsible for paying Base
Rent with respect to the Shower Area (as remeasured in accordance with the terms of Section 1.2 above), and the Base Rent for Months 1 through 16 set forth in the first three rows of the schedule of Base Rent set forth in the Lease shall be
adjusted to include the rentable square footage of the Shower Area. 
 1.4     Tenant’s Share.
Effective as of the Shower Delivery Date, Tenant’s Share for the Initial Premises shall be re-calculated to include the Shower Area (and shall be confirmed in the lease amendment described in the last sentence of Section 1.2 above), and
Tenant shall pay all Additional Rent payable under the Lease, including Tenant’s Share of Expenses and Taxes applicable to the Initial Premises (including the Shower Area) in accordance with the terms of the Lease. 

2.     Miscellaneous. 
 2.1     This Amendment sets forth the entire agreement between the parties with respect to the matters set forth herein. There have been no additional oral or written representations
or agreements. Under no circumstances shall Tenant be entitled to any rent abatement, improvement allowance, leasehold improvements, or other work to the Premises, or any similar economic 

  
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incentives that may have been provided Tenant in connection with entering into the Lease, unless specifically set forth in this Amendment. 

2.2     Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain
unchanged and in full force and effect. In the case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this Amendment shall govern and control. The capitalized terms used in this Amendment shall have the
same definitions as set forth in the Lease to the extent that such capitalized terms are defined therein and not redefined in this Amendment. 
 2.3     Submission of this Amendment by Landlord is not an offer to enter into this Amendment but rather is a solicitation for such an offer by Tenant. Landlord shall not be bound by
this Amendment until Landlord has executed and delivered the same to Tenant. 
 2.4     Tenant hereby
represents to Landlord that Tenant has dealt with no broker in connection with this Amendment. Tenant agrees to indemnify and hold Landlord and the Landlord Parties harmless from all claims of any brokers claiming to have represented Tenant in
connection with this Amendment. 
 2.5     Each signatory of this Amendment represents hereby that he or
she has the authority to execute and deliver the same on behalf of the party hereto for which such signatory is acting. Tenant hereby represents and warrants that neither Tenant, nor any persons or entities holding any legal or beneficial interest
whatsoever in Tenant, are (i) the target of any sanctions program that is established by Executive Order of the President or published by the Office of Foreign Assets Control, U.S. Department of the Treasury (“OFAC”);
(ii) designated by the President or OFAC pursuant to the Trading with the Enemy Act, 50 U.S.C. App. § 5, the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701-06, the Patriot Act, Public Law 107-56, Executive Order
13224 (September 23, 2001) or any Executive Order of the President issued pursuant to such statutes; or (iii) named on the following list that is published by OFAC: “List of Specially Designated Nationals and Blocked Persons.” If the
foregoing representation is untrue at any time during the Term, an event of Default under the Lease will be deemed to have occurred, without the necessity of notice to Tenant. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, Landlord and Tenant have entered into and executed this Amendment
as of the date first written above. 
  

									
	LANDLORD:	 		 	TENANT:
			
	 LOCON SAN MATEO, LLC,
 a Delaware limited liability company
	 		 	 SOLARCITY CORPORATION,
 a Delaware corporation

					
	By:	 	/s/ Mike L. Sanford	 		 	By:	 	/s/ Seth Weissman

									
					
	Name:	 	Mike L. Sanford	 		 	Name:	 	Seth Weissman

									
					
	Title:	 	SVP	 		 	Title:	 	V.P. General Counsel

									
					
	Dated:	 	12/2, 2010	 		 	Dated:	 	11/30, 2010

  
 -4-Second Amendment to Lease

 Exhibit 10.5B 
 SECOND AMENDMENT TO LEASE 
 THIS SECOND AMENDMENT TO
LEASE (this “Amendment”) is made and entered into as of February 25, 2011, by and between LOCON SAN MATEO, LLC, a Delaware limited liability company (“Landlord”), and SOLARCITY
CORPORATION, a Delaware corporation (“Tenant”). 
 RECITALS 

 

	A.	 Landlord and Tenant are parties to that certain Office Lease Agreement (the “Original Lease”), dated July 30, 2010, as amended
by that certain Commencement Letter, dated January 10, 2010 [sic], and that certain First Amendment to Lease (the “First Amendment”), dated as of November 15, 2010 (collectively, the “Lease”). Pursuant to
the Lease, Landlord has leased to Tenant space currently containing approximately 68,025 rentable square feet (the “Premises”) which is comprised of: (i) 45,350 rentable square feet consisting of the entire first and
third floors of the Building (the “Initial Premises”); and (ii) 22,675 rentable square feet consisting of the entire second floor of the Building (the “Additional Premises”) of the building commonly known as
Building C located at 3055 Clearview Way, San Mateo, California (the “Building”). 

  

	B.	 The Shower Delivery Date (as defined in the First Amendment) occurred on February 3, 2011, and Landlord has remeasured the Shower Area in
accordance with the terms of the First Amendment. Accordingly, the parties desire to memorialize the Shower Delivery Date and make appropriate modifications to the schedule of Base Rent and Tenant’s Share, upon and subject to the following
terms and conditions. 

 NOW, THEREFORE, in consideration of the mutual covenants and
agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows: 

 

	 	1.	 Amendment. Effective as of the date hereof (unless different effective date(s) is/are specifically referenced in this Section),
Landlord and Tenant agree that the Lease shall be amended in accordance with the following terms and conditions: 

  

	 	1.1	 Shower Delivery Date and Rent Schedule. Landlord delivered the Shower Area to Tenant with the Shower Work Substantially Complete (as such
terms are defined in the Lease) on February 3, 2011 (the “Shower Delivery Date”). As of the date hereof, Landlord has remeasured the Shower Area in accordance with the terms of Section 1.2 of the First Amendment, and the rentable
square footage of the Shower Area is 850 square feet. Accordingly, effective as of the Shower Delivery Date, the schedule of Base Rent set forth in Section 1.C of the Original Lease is hereby deleted and replaced with the following:

 “Base Rent”: 

 

									
	 Period From

Commencement Date
	  	Rentable
Square
    
Footage*    	  	Annual Rate    
Per
Square    
Foot	  	
Aggregate

        Base Rent        
	 	 Monthly

        Base Rent        

	 1/10/11 — 2/2/11
	  	
45,350
	  	
$18.00
	  	
$52,476.43
	 	 $68,025.00

	 2/3/11 — 11/30/11
	  	
46,200
	  	
$18.00
	  	
$618,750.00
	 	 $69,300.00

	 12/1/11 — 1/31/12
	  	
12,188
	  	
$18.00
	  	
$36,564.00
	 	 $18,282.00

	 2/1/12 — 5/31/12
	  	
57,538
	  	
$18.96
	  	
$363,640.16
	 	 $90,910.04

	 6/1/12 — 11/30/12
	  	
68,025
	  	
$18.96
	  	
$644,877.00
	 	 $107,479.50

	 12/1/12 — 1/31/13
	  	
22,675
	  	
$18.96
	  	
$71,653.00
	 	 $35,826.50

	 2/1/13 —11/30/13
	  	
68,025
	  	
$19.92
	  	
$1,129,215.00
	 	 $112,921.50

	 12/1/13 — 1/31/14
	  	
22,675
	  	
$19.92
	  	
$75,281.00
	 	 $37,640.50

	 2/1/14 — 1/31/15
	  	
68,025
	  	
$20.88
	  	
$1,420,362.00
	 	 $118,363.50

	 2/1/15 — 1/31/16
	  	
68,025
	  	
$21.84
	  	
$1,485,666.00
	 	 $123,805.50

	 2/1/16 — 1/31/17
	  	
68,025
	  	
$22.80
	  	
$1,550,970.00
	 	 $129,247.50

	 2/1/17 — 7/31/17
	  	
68,025
	  	
$23.76
	  	
$808,137.00
	 	 $134,689.50

  

	*	 Notwithstanding the square footages upon which the monthly Base Rent amounts set forth above are based, Tenant acknowledges that (i) following
the Initial Premises Commencement Date, Tenant shall be in possession of 45,350 rentable square feet comprising the Initial Premises, and shall be responsible for all of its obligations and liabilities under this Lease with respect to the entire
Initial Premises pursuant to the terms of the Lease, and (ii) following the Shower Delivery Date, Tenant shall be in possession of 46,200 rentable square feet comprising the Initial Premises (including the Shower Area), and shall be responsible
for all of its obligations and liabilities under this Lease with respect to the entire Initial Premises (including the Shower Area) pursuant to the terms of the Lease, and (iii) following the Additional Premises Commencement Date, Tenant shall
be in possession of 68,025 rentable square feet comprising the entire Premises and shall be responsible for all of its obligations and liabilities under this Lease with respect to the entire Premises pursuant to the terms of the Lease during the
Term.” 

  

	 	1.2	 Tenant’s Share. Effective as of the Shower Delivery Date, Tenant’s Share for the Initial Premises (including the Shower Area) is
hereby amended to be 67.92% of the Building and 17.68% of the Project. Tenant shall pay all Additional Rent applicable to the Initial Premises and Shower Area payable under the Lease, including Tenant’s Share of Expenses and Taxes applicable to
the Initial Premises and the Shower Area in accordance with the terms of the Lease, as amended hereby. 

  

	 	2.	 Miscellaneous. 

  

	 	2.1	 This Amendment sets forth the entire agreement between the parties with respect to the matters set forth herein. There have been no additional oral
or written representations or agreements. Under no circumstances shall Tenant 

  
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be entitled to any rent abatement, improvement allowance, leasehold improvements, or other work to the Premises, or any similar economic incentives that may have been provided Tenant in
connection with entering into the Lease, unless specifically set forth in this Amendment. 
  

	 	2.2	 Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged and in full force and effect. In the
case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this Amendment shall govern and control. The capitalized terms used in this Amendment shall have the same definitions as set forth in the Lease to
the extent that such capitalized terms are defined therein and not redefined in this Amendment. 

  

	 	2.3	 Submission of this Amendment by Landlord is not an offer to enter into this Amendment but rather is a solicitation for such an offer by Tenant.
Landlord shall not be bound by this Amendment until Landlord has executed and delivered the same to Tenant. 

  

	 	2.4	 Tenant hereby represents to Landlord that Tenant has dealt with no broker in connection with this Amendment. Tenant agrees to indemnify and hold
Landlord and the Landlord Parties harmless from all claims of any brokers claiming to have represented Tenant in connection with this Amendment. 

  

	 	2.5	 Each signatory of this Amendment represents hereby that he or she has the authority to execute and deliver the same on behalf of the party hereto
for which such signatory is acting. Tenant hereby represents and warrants that neither Tenant, nor any persons or entities holding any legal or beneficial interest whatsoever in Tenant, are (i) the target of any sanctions program that is
established by Executive Order of the President or published by the Office of Foreign Assets Control, U.S. Department of the Treasury (“OFAC”); (ii) designated by the President or OFAC pursuant to the Trading with the Enemy
Act, 50 U.S.C. App. § 5, the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701-06, the Patriot Act, Public Law 107-56, Executive Order 13224 (September 23, 2001) or any Executive Order of the President issued pursuant to
such statutes; or (iii) named on the following list that is published by OFAC: “List of Specially Designated Nationals and Blocked Persons.” If the foregoing representation is untrue at any time during the Term, an event of Default
under the Lease will be deemed to have occurred, without the necessity of notice to Tenant. 

 [REMAINDER OF
PAGE INTENTIONALLY LEFT BLANK] 

  
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 IN WITNESS WHEREOF, Landlord and Tenant have entered into and
executed this Amendment as of the date first written above. 
  

									
	LANDLORD:	 		 	TENANT:
			
	 LOCON SAN MATEO, LLC,
 a Delaware limited liability company
	 		 	 SOLARCITY CORPORATION,
 a Delaware corporation

					
	By:	 	    /s/ Vickie Ivey	 		 	By:	 	    /s/ Seth Weissman

									
					
	Name:	 	Vickie Ivey	 		 	Name:	 	Seth Weissman

									
					
	Title:	 	Vice President	 		 	Title:	 	VP & GC

									
					
	Dated:	 	March 31                     , 2011	 		 	Dated:	 	March 17                     , 2011

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