Document:

Second Amendment Lease

 Exhibit 10.12 
 SECOND AMENDMENT TO LEASE 
  

	I.	PARTIES AND DATE. 

 This
Second Amendment to Lease (the “Amendment”) dated June 22, 2007, is by and between THE IRVINE COMPANY LLC, a Delaware limited liability company, formerly The Irvine Company, a Delaware corporation (“Landlord”), and
PEREGRINE SEMICONDUCTOR CORPORATION, a Delaware corporation (as successor in interest to Continuous Computing Corporation, a Delaware corporation) (“Tenant”). 

 

	II.	RECITALS. 

 On
April 20, 2000, Landlord and Tenant entered into a lease (“Lease”) for space in a building located at 9380 Carroll Park Drive, San Diego, California (“Premises”). 

Landlord and Tenant each desire to modify the Lease to extend the Lease Term, and make such other modifications as are set forth in
“III. MODIFICATIONS” next below. 
  

	III.	MODIFICATIONS. 

  

	 	A.	Basic Lease Provisions. The Basic Lease provisions are hereby amended as follows: 

 

	 	1.	Item 5 is hereby deleted in its entirety and substituted therefore shall be the following: 

“5. Lease Term: The Term of the Lease commenced on July 1, 2000 and shall expire at midnight, on July 31,
2012” 
  

	 	2.	Item 6 is hereby amended by adding the following: 

 “Commencing on January 1, 2008, the Basic Rent shall be Sixty-Two Thousand Five Hundred Ninety Dollars ($62,590.00) per month, based on $1.30 per rentable square foot. 

Commencing on August 1, 2008, the Basic Rent shall be Sixty-Four Thousand Nine Hundred Ninety-Seven Dollars ($64,997.00) per month,
based on $1.35 per rentable square foot. 
 Commencing on August 1, 2009, the Basic Rent shall be Sixty-Seven Thousand Four
Hundred Four Dollars ($67,404.00) per month, based on $1.40 per rentable square foot. 
 Commencing on August 1, 2010, the
Basic Rent shall be Sixty-Nine Thousand Eight Hundred Twelve Dollars ($69,812.00) per month, based on $1.45 per rentable square foot. 
 Commencing on August 1, 2011, the Basic Rent shall be Seventy-Two Thousand Two Hundred Ninety Dollars ($72,219.00) per month, based on $1.50 per rentable square foot.” 

 

	 	B.	Waiver of Jury Trial. Section 14.7 of the Lease is hereby deleted in its entirety and substituted therefor shall be the following: 

 

	 	“SECTION	14.7. WAIVER OF JURY TRIAL/JUDICIAL REFERENCE. 

  

	 	(a)	LANDLORD AND TENANT EACH ACKNOWLEDGES THAT IT IS AWARE OF AND HAS HAD THE ADVICE OF COUNSEL OF ITS CHOICE WITH RESPECT TO ITS RIGHTS TO TRIAL BY JURY, AND, TO THE
EXTENT ENFORCEABLE UNDER CALIFORNIA LAW, EACH PARTY DOES HEREBY EXPRESSLY AND KNOWINGLY WAIVE AND RELEASE ALL SUCH RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER PARTY HERETO AGAINST THE OTHER (AND/OR AGAINST ITS
OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, OR SUBSIDIARY OR AFFILIATED ENTITIES) ON ANY MATTERS WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS LEASE, TENANT’S USE OR OCCUPANCY OF THE PREMISES, AND/OR ANY CLAIM OF INJURY OR DAMAGE.
FURTHERMORE, THIS WAIVER AND RELEASE OF ALL RIGHTS TO A JURY TRIAL IS DEEMED TO BE INDEPENDENT OF EACH AND EVERY OTHER PROVISION, COVENANT, AND/OR CONDITION SET FORTH IN THIS LEASE. 

 

	 	(b)	 IN THE EVENT THAT THE JURY WAIVER PROVISIONS OF SECTION 14.7(a) ARE NOT ENFORCEABLE UNDER CALIFORNIA LAW, THEN THE PROVISIONS OF THIS SECTION
14.7(b) SHALL APPLY. IT IS THE DESIRE AND INTENTION OF THE PARTIES TO AGREE UPON A MECHANISM AND PROCEDURE UNDER WHICH CONTROVERSIES AND DISPUTES ARISING OUT OF THIS LEASE OR RELATED TO THE PREMISES WILL BE RESOLVED IN A PROMPT AND EXPEDITIOUS
MANNER. ACCORDINGLY, EXCEPT WITH RESPECT TO ACTIONS FOR UNLAWFUL OR FORCIBLE DETAINER OR WITH RESPECT TO THE PREJUDGMENT REMEDY OF ATTACHMENT, ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER PARTY HERETO AGAINST THE OTHER

  
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(AND/OR AGAINST ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR SUBSIDIARY OR AFFILIATED ENTITIES) ON ANY MATTERS WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS LEASE, TENANT’S
USE OR OCCUPANCY OF THE PREMISES AND/OR ANY CLAIM OF INJURY OR DAMAGE, SHALL BE HEARD AND RESOLVED BY A REFEREE UNDER THE PROVISIONS OF THE CALIFORNIA CODE OF CIVIL PROCEDURE, SECTIONS 638 -645.1, INCLUSIVE (AS SAME MAY BE AMENDED, OR ANY SUCCESSOR
STATUTE(S) THERETO) (THE “REFEREE SECTIONS”). ANY FEE TO INITIATE THE JUDICIAL REFERENCE PROCEEDINGS SHALL BE PAID BY THE PARTY INITIATING SUCH PROCEDURE; PROVIDED HOWEVER, THAT THE COSTS AND FEES, INCLUDING ANY INITIATION FEE, OF SUCH
PROCEEDING SHALL ULTIMATELY BE BORNE IN ACCORDANCE WITH SECTION 14.6 ABOVE. THE VENUE OF THE PROCEEDINGS SHALL BE IN THE COUNTY IN WHICH THE PREMISES ARE LOCATED. WITHIN TEN (10) DAYS OF RECEIPT BY ANY PARTY OF A WRITTEN REQUEST TO RESOLVE ANY
DISPUTE OR CONTROVERSY PURSUANT TO THIS SECTION 14.7(b), THE PARTIES SHALL AGREE UPON A SINGLE REFEREE WHO SHALL TRY ALL ISSUES, WHETHER OF FACT OR LAW, AND REPORT A FINDING AND JUDGMENT ON SUCH ISSUES AS REQUIRED BY THE REFEREE SECTIONS. IF THE
PARTIES ARE UNABLE TO AGREE UPON A REFEREE WITHIN SUCH TEN (10) DAY PERIOD, THEN ANY PARTY MAY THEREAFTER FILE A LAWSUIT IN THE COUNTY IN WHICH THE PREMISES ARE LOCATED FOR THE PURPOSE OF APPOINTMENT OF A REFEREE UNDER CALIFORNIA CODE OF CIVIL
PROCEDURE SECTIONS 638 AND 640, AS SAME MAY BE AMENDED OF ANY SUCCESSOR STATUTE(S) THERETO. IF THE REFEREE IS APPOINTED BY THE COURT, THE REFEREE SHALL BE A NEUTRAL AND IMPARTIAL RETIRED JUDGE WITH SUBSTANTIAL EXPERIENCE IN THE RELEVANT MATTERS TO
BE DETERMINED, FROM JAMS/ENDISPUTE, INC., THE AMERICAN ARBITRATION ASSOCIATION OR SIMILAR MEDIATION/ARBITRATION ENTITY. THE PROPOSED REFEREE MAY BE CHALLENGED BY ANY PARTY FOR ANY OF THE GROUNDS LISTED IN SECTION 641 OF THE CALIFORNIA CODE OF CIVIL
PROCEDURE, AS SAME MAY BE AMENDED OR ANY SUCCESSOR STATUTE(S) THERETO. THE REFEREE SHALL HAVE THE POWER TO DECIDE ALL ISSUES OF FACT AND LAW AND REPORT HIS OR HER DECISION ON SUCH ISSUES, AND TO ISSUE ALL RECOGNIZED REMEDIES AVAILABLE AT LAW OR IN
EQUITY FOR ANY CAUSE OF ACTION THAT IS BEFORE THE REFEREE, INCLUDING AN AWARD OF ATTORNEYS’ FEES AND COSTS IN ACCORDANCE WITH CALIFORNIA LAW. THE REFEREE SHALL NOT, HOWEVER, HAVE THE POWER TO AWARD PUNITIVE DAMAGES, NOR ANY OTHER DAMAGES WHICH
ARE NOT PERMITTED BY THE EXPRESS PROVISIONS OF THIS LEASE, AND THE PARTIES HEREBY WAIVE ANY RIGHT TO RECOVER ANY SUCH DAMAGES. THE PARTIES SHALL BE ENTITLED TO CONDUCT ALL DISCOVERY AS PROVIDED IN THE CALIFORNIA CODE OF CIVIL PROCEDURE, AND THE
REFEREE SHALL OVERSEE DISCOVERY AND MAY ENFORCE ALL DISCOVERY ORDERS IN THE SAME MANNER AS ANY TRIAL COURT JUDGE, WITH RIGHTS TO REGULATE DISCOVERY AND TO ISSUE AND ENFORCE SUBPOENAS, PROTECTIVE ORDERS AND OTHER LIMITATIONS ON DISCOVERY AVAILABLE
UNDER CALIFORNIA LAW. THE REFERENCE PROCEEDING SHALL BE CONDUCTED IN ACCORDANCE WITH CALIFORNIA LAW (INCLUDING THE RULES OF EVIDENCE), AND IN ALL REGARDS, THE REFEREE SHALL FOLLOW CALIFORNIA LAW APPLICABLE AT THE TIME OF THE REFERENCE PROCEEDING. IN
ACCORDANCE WITH SECTION 644 OF THE CALIFORNIA CODE OF CIVIL PROCEDURE, THE DECISION OF THE REFEREE UPON THE WHOLE ISSUE MUST STAND AS THE DECISION OF THE COURT, AND UPON THE FILING OF THE STATEMENT OF DECISION WITH THE CLERK OF THE COURT, OR WITH
THE JUDGE IF THERE IS NO CLERK, JUDGMENT MAY BE ENTERED THEREON IN THE SAME MANNER AS IF THE ACTION HAD BEEN TRIED BY THE COURT. THE PARTIES SHALL PROMPTLY AND DILIGENTLY COOPERATE WITH ONE ANOTHER AND THE REFEREE, AND SHALL PERFORM SUCH ACTS AS MAY
BE NECESSARY TO OBTAIN A PROMPT AND EXPEDITIOUS RESOLUTION OF THE DISPUTE OR CONTROVERSY IN ACCORDANCE WITH THE TERMS OF THIS SECTION 14.7(b). TO THE EXTENT THAT NO PENDING LAWSUIT HAS BEEN FILED TO OBTAIN THE APPOINTMENT OF A REFEREE, ANY PARTY,
AFTER THE ISSUANCE OF THE DECISION OF THE REFEREE, MAY APPLY TO THE COURT OF THE COUNTY IN WHICH THE PREMISES ARE LOCATED FOR CONFIRMATION BY THE COURT OF THE DECISION OF THE REFEREE IN THE SAME MANNER AS A PETITION FOR CONFIRMATION OF AN
ARBITRATION AWARD PURSUANT TO CODE OF CIVIL PROCEDURE SECTION 1285 ET SEQ. (AS SAME MAY BE AMENDED OR ANY SUCCESSOR STATUTE(S) THERETO).” 

  

	 	C.	 Broker’s Commission. Article XVIII of the Lease is amended to provide that the parties recognize the following parties as the brokers who
negotiated this Amendment, and agree that Landlord shall be responsible for payment of brokerage commissions to such brokers: Irvine Realty Company (“Landlord’s Broker”) and Irving Hughes. (“Tenant’s
Broker”). It is understood and agreed that 

  
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Landlord’s Broker represents only Landlord in connection with the execution of this Amendment and that Tenant’s Broker represents only Tenant. The warranty and indemnity provisions of
Article XVIII of this Lease shall be binding and enforceable against each of the parties in connection with the negotiation of this Amendment. 

  

	 	D.	Tenant Improvements. Tenant shall be permitted to construct the Tenant Improvements for the Premises in accordance with the provisions of Exhibit A, Work
Letter, attached hereto. 

  

	 	E.	Contingency. Tenant understands and agrees that the effectiveness of this Amendment is contingent upon the effectiveness of the Mutual Assignment of Lease
Agreement dated March 1, 2007 by and between Tenant and Continuous Computing Corporation, a Delaware corporation (“Continuous”). Tenant further understands and agrees that the Tenant Improvement Work described in Exhibit A shall not
commence until Tenant obtains permission from Continuous to perform such work in the Premises. 

  

	 	F.	 Letter of Credit. Within ten (10) business days of the execution of this Amendment, Tenant shall cause to be delivered to Landlord an
amendment, in form and substance reasonably acceptable to Landlord, to Tenant’s existing letter of credit pursuant to Section 4.4 of the Lease increasing the amount thereof to Two Hundred Fifty Thousand Dollars ($250,000.00). Landlord
shall authorize reductions to the letter of credit in the amount of Seventy-Five Thousand Dollars ($75,000.00) on December 31st of each year with the first reduction on December 31, 2007; provided that any such reduction shall be conditioned
upon (i) Tenant not having been in default under this Lease at any time, (ii) Tenant having a minimum of $8 million in cash or current assets, and (iii) a written request for such reduction having been submitted to Landlord not
earlier than thirty (30) days prior to the applicable reduction date. Tenant shall provide Landlord with current audited financial statements evidencing Tenant’s minimum balance. 

 

	IV.	GENERAL. 

  

	 	A.	Effect of Amendments. The Lease shall remain in full force and effect except to the extent that it is modified by this Amendment. 

 

	 	B.	Entire Agreement. This Amendment embodies the entire understanding between Landlord and Tenant with respect to the modifications set forth in “III.
MODIFICATIONS” above and can be changed only by a writing signed by Landlord and Tenant. 

  

	 	C.	Counterparts. If this Amendment is executed in counterparts, each is hereby declared to be an original; all, however, shall constitute but one and the same
amendment. In any action or proceeding, any photographic, photostatic, or other copy of this Amendment may be introduced into evidence without foundation. 

  

	 	D.	Defined Terms. All words commencing with initial capital letters in this Amendment and defined in the Lease shall have the same meaning in this Amendment as in
the Lease, unless they are otherwise defined in this Amendment. 

  

	 	E.	Corporate and Partnership Authority. If Tenant is a corporation or partnership, or is comprised of either or both of them, each individual executing this
Amendment for the corporation or partnership represents that he or she is duly authorized to execute and deliver this Amendment on behalf of the corporation or partnership and that this Amendment is binding upon the corporation or partnership in
accordance with its terms. 

  

	 	F.	SDN List. Tenant hereby represents and warrants that neither Tenant nor any officer, director, employee, partner, member or other principal of Tenant
(collectively, “Tenant Parties”) is listed as a Specially Designated National and Blocked Person (“SDN”) on the list of such persons and entities issued by the U.S. Treasury Office of Foreign Assets Control (OFAC). In the event
Tenant or any Tenant Party is or becomes listed as an SDN, Tenant shall be deemed in breach of this Lease and Landlord shall have the right to terminate this Lease immediately upon written notice to Tenant. 

[CONTINUED ON FOLLOWING PAGE] 

  
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	V.	EXECUTION. 

 Landlord and
Tenant executed this Amendment on the date as set forth in “I. PARTIES AND DATE.” above. 
  

									
	 	 	LANDLORD:	 	 	 	 	 	TENANT:
					
		 	 THE IRVINE COMPANY, LLC,
 a Delaware limited liability company
	 		 		 	 PEREGRINE SEMICONDUCTOR,
 a Delaware corporation

					
	By	 	/s/ E. Valjean Wheeler	 		 	By	 	/s/ JIM CABLE
		 	 	 		 		 	 
		 	E. Valjean Wheeler, President	 		 	Name	 	 JIM CABLE

		 	Office Properties	 		 	Title	 	 CEO, CHAIRMAN

					
	By	 	/s/ Michael T. Bennett	 		 	By	 	/s/ PHILIP CHAPMAN
		 	 	 		 		 	 
		 	Michael T. Bennett	 		 	Name	 	 PHILIP CHAPMAN

		 	 Vice President, Operations

Office Properties
	 		 	 Title
	 	 CFO

 

 

  
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 EXHIBIT A 
 WORK LETTER 
 DOLLAR ALLOWANCE 

[SECOND GENERATION SPACE] 
  

	I.	TENANT IMPROVEMENTS 

 The
tenant improvement work (“Tenant Improvements”) shall consist of any work required to complete the Premises pursuant to approved plans and specifications. Tenant shall employ its own architect and general contractor in constructing the
Tenant Improvements, which shall be subject to Landlord’s prior approval. The general contractor shall be selected and engaged by Tenant on the basis of a competitive bid or competitive negotiation and shall be Burger Construction. The work
shall be undertaken and prosecuted in accordance with the following requirements: 
  

	 	A.	The space plans, construction drawings and specifications for all improvements and finishes, together with any changes thereto, shall be submitted to Landlord (with
samples as required) for review and approval by Landlord and its architect for the Project. Landlord may require Tenant, at Tenant’s expense, to remove any Tenant Improvements that, in Landlord’s reasonable judgment, are of a nature that
would require removal and repair costs that are materially in excess of the removal and repair costs associated with standard office improvements. Should Landlord approve work that would necessitate any ancillary Building modification or other
expenditure by Landlord, then except to the extent of any remaining balance of the “Landlord Contribution” as described below, Tenant shall, in addition to its other obligations herein, promptly fund the cost thereof to Landlord.

  

	 	B.	All construction drawings prepared by Tenant’s architect shall follow Landlord’s CAD standards, which standards shall be provided to Tenant or its architect
upon request. 

  

	 	C.	Landlord shall, subject to the foregoing, approve or disapprove any submittal of plans or specifications by Tenant within five (5) business days following receipt
thereof by Landlord. 

  

	 	D.	Tenant shall use the electrical, mechanical, plumbing and fire/life safety engineers and subcontractors designated by Landlord. All other subcontractors shall be
subject to Landlord’s reasonable approval. 

  

	 	E.	Tenant shall deliver to Landlord a copy of the final application for permit and issued permit for the construction work. 

 

	 	F.	Tenant’s general contractor and each of its subcontractors shall comply with Landlord’s requirements as generally imposed on third party contractors,
including without limitation all insurance coverage requirements and the obligation to furnish appropriate certificates of insurance to Landlord prior to commencement of construction. 

 

	 	G.	A construction schedule shall be provided to Landlord, and updates shall be supplied during the progress of the work. 

 

	 	H.	Tenant shall give Landlord ten (10) days prior written notice of the commencement of construction so that Landlord may cause an appropriate notice of
non-responsibility to be posted. 

  

	 	I.	Landlord’s construction manager may attend weekly job meetings with Tenant and its general contractor for the Project. 

 

	 	J.	Upon completion of the work, Tenant shall cause to be provided to Landlord (i) as-built drawings of the Premises signed by Tenant’s architect, (ii) CAD
files of the improved space compatible with Landlord’s CAD standards, (iii) a final punchlist signed by Tenant, (iv) final and unconditional lien waivers from all contractors and subcontractors, (v) a duly recorded Notice of
Completion of the improvement work, and (vi) a certificate of occupancy for the Premises (collectively, the “Close-out Package”). Should Tenant fail to provide complete CAD files compatible with Landlord’s standards as required
herein, Landlord may cause its architect to prepare same and the cost thereof shall be reimbursed to Landlord by Tenant within ten (10) days of invoice therefor. 

 

	 	K.	The work shall be prosecuted at all times in accordance with all state, federal and local laws, regulations and ordinances, including without limitation all OSHA and
other safety laws. 

  

	 	L.	All of the provisions of this Lease shall apply to any activity of Tenant, its agents and contractors, in the Premises prior to the Commencement Date.

 Landlord shall not be liable in any way for any injury, loss or damage which may occur to any work performed by
Tenant, nor shall Landlord be responsible for repairing any defective condition therein. In no event shall Tenant’s failure to complete the Tenant Improvements extend the Commencement Date of the Lease. 

  
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	II.	COST OF THE WORK 

  

	 	A.	Provided that the final cost estimate for the Tenant Improvements equals at least $962,920.00, Landlord shall provide to Tenant a tenant improvement allowance in the
amount of Four Hundred Eighty-One Thousand Four Hundred Sixty Dollars ($481,460.00) (the “Landlord Contribution”), with any excess cost to be borne solely by Tenant. The Landlord Contribution shall also be utilized to fund space planning
and other architectural costs (including the reasonable cost charged by Landlord’s architect to review Tenant’s drawings and CAD files), construction costs and plan check and permit fees. It is understood that Landlord shall be entitled to
a supervision/administrative fee equal to five percent (5%) of the Landlord Contribution, which fee shall be paid from the Landlord Contribution. If the actual cost of completion of the Tenant Improvements is less than $962,920.00, such savings
shall inure to the benefit of Landlord and Tenant shall not be entitled to any credit or payment or to apply the savings toward additional work. 

  

	 	B.	Landlord shall fund the Landlord Contribution (less deductions for the above-described supervision fee and charges of Landlord’s architect) in installments as and
when costs are incurred and a payment request therefor is submitted by Tenant. Each payment request shall include a copy of all supporting invoices, unconditional progress payment lien waivers (in the form prescribed by the California Civil Code),
and pertinent back-up (including copies of Tenant’s payment checks to its contractors and suppliers). Landlord shall fund the payment request within thirty (30) days following receipt of the application and supporting materials; provided
that a ten percent (10%) retention shall be held on payments to Tenant until Landlord receives the complete Close-out Package. The remaining balance of the Landlord Contribution shall be funded when Landlord receives the complete Close-out
Package. Prior to any payment by Landlord hereunder, Tenant shall provide to Landlord in writing the address to which such payment is to be delivered, together with a complete copy of the construction contract(s) for the Tenant Improvements.

  
 6Mutual Assignment of Lease Agreement

 Exhibit 10.13 
 MUTUAL ASSIGNMENT OF LEASE AGREEMENT 
 [Canyon Ridge] 

This Assignment of Lease Agreement (this “Agreement”) is made as of March 1, 2007, by and between CONTINUOUS
COMPUTING CORPORATION, a Delaware corporation (“Continuous”), and PEREGRINE SEMICONDUCTOR CORPORATION, a Delaware corporation (“Peregrine”). This Agreement shall amend and restate the prior Assignment of Lease
Agreement, dated as of February 1, 2007, entered in by Continuous and Peregrine. 
 R E C I
T A L S : 
 A. Reference is hereby made to that certain Industrial Lease dated April 20, 2000
by and between The Irvine Company, a Delaware corporation (“Landlord”) and Continuous, as amended by a First Amendment to Lease dated as of August 23, 2005 (collectively, the “9380 Lease”), pertaining to the
lease of space in that certain multi building commercial project known as Canyon Ridge Business Park located at 9380 Carroll Park Drive, San Diego, California (“9380 Building”). 

B. Reference is hereby additionally made to that certain Lease dated March 31, 2004 by and between Landlord and Peregrine (the
“9450 Lease”), pertaining to the lease of space in that certain multi building commercial project known as Canyon Ridge Technology Park located at 9450 Carroll Park Drive, San Diego, California (“9450 Building”).

 C. Continuous desires to assign all of its right, title, interest and obligations under the 9380 Lease to Peregrine and
Peregrine desires to accept the assignment, and Peregrine desires to assign all of its right, title and interest under the 9450 Lease to Continuous and Continuous desires to accept the assignment (collectively, the “Mutual
Assignment”), and each party shall assume the obligations of the tenant under the assumed leases on the terms and conditions contained herein. 
 D. All defined terms not otherwise expressly defined herein shall have the respective meanings given in the 9380 Lease and 9450 Lease. All reference to the “parties” shall mean and refer to
Peregrine and Continuous. 
 A G R E E M E N T : 

1. Assignment and Assumption. Provided Landlord’s consent to this Agreement has been obtained, this Mutual Assignment shall
be effective as of July 14, 2007, unless otherwise mutually agreed in writing by the parties (the “Effective Date”). As of the Effective Date, Continuous hereby assigns to Peregrine all of Continuous’ right, title,
interest and obligations under the 9380 Lease, including any options and signage rights and Peregrine hereby accepts the 

 
assignment and assumes and agrees to perform and be bound by all of the terms, covenants, conditions and obligations imposed upon Continuous under the 9380 Lease. Additionally, as of the
Effective Date, Peregrine hereby assigns to Continuous all of Peregrine’s right, title, interest and obligations under the 9450 Lease, including any options and signage rights and Continuous hereby accepts the assignment and assumes and agrees
to perform and be bound by all of the terms, covenants, conditions and obligations imposed upon Peregrine under the 9450 Lease. 

2. Non-Release from Prior Obligations. Continuous shall remain liable for all acts, omissions, liabilities and obligations arising
under the 9380 Lease which arise or accrue prior to the Effective Date. Peregrine shall remain liable for all acts, omissions, liabilities and obligations arising under the 9450 Lease which arise or accrue prior to the Effective Date. 

3. Release from Future Obligations. As of the Effective Date, Continuous shall be released from and cease to have liability for
any obligations, acts, omissions or liabilities accruing from and after the Effective Date as to the 9380 Lease and Peregrine shall be released from and cease to have liability for any obligations, acts, omissions or liabilities accruing from and
after the Effective Date as to the 9450 Lease. Nothing in this Paragraph 3 shall absolve either party of any liability which accrued prior to the Effective Date as to their original lease. 

4. Timing of Move into New Premises. The parties agree that they will commence their move into their respective new premises on
the Effective Date and shall use all good faith and reasonable efforts to substantially complete such move by the open of business on July 16, 2007. 
 5. Building Condition. Continuous and Peregrine hereby agree to maintain their respective original premises in good condition and in accordance with their respective obligations under their
original leases. Each party shall have reasonable access rights to the other party’s premises in order to perform reasonable due diligence and alterations in preparation for the relocation to such new premises; provided that each party shall
use reasonable efforts to prevent unreasonable interference with the other party’s business operations. Peregrine shall accept the 9380 Building in its then “as-is” condition as of the Effective Date and Continuous shall have no
obligation to pay for or provide any improvements in the 9380 Building. Similarly, Continuous shall accept the 9450 Building in its then “as-is” condition as of the Effective Date and Peregrine shall have no obligation to pay for or
provide any improvements in the 9450 Building. Each party shall be responsible for paying for any improvements or alterations required or requested in connection with its new premises and any such alterations or improvements shall be performed in
accordance with the terms of the lease being assumed. 
 6. Early Entry Space. After the full execution and delivery of
this Agreement and receipt of Landlord’s consent to the Mutual Assignment contemplated herein, Peregrine shall have the right to use and occupy an area of approximately 4,000 rentable square feet on the east side of the ground floor of the 9380
Building (“Early Entry Space”), without any obligation to pay any rent in connection with such use. Peregrine shall also be permitted reasonable access to restrooms and the lunchroom on the ground floor of the 9380 Building.
Peregrine agrees to abide by any reasonable security measures and access arrangements requested by Continuous in connection with its rights pursuant to this Paragraph 6. 

  
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 7. Stock Room. From the Effective Date until no later than December 31, 2007,
Continuous shall be permitted to continue its use of its stock room operations in the northwest corner of the 9380 Building (“Stock Room”), including access to the shipping and receiving dock, without any obligation to pay any rent
in connection with such use. Continuous agrees to abide by any reasonable security measures and access arrangements requested by Peregrine in connection with its rights pursuant to this Paragraph 7. 

8. Furniture and Fixtures. Except to the extent expressly agreed otherwise by the parties, each party shall leave all workstations
(including any white boards), office room desks with returns (if any), conference room tables and cabinets (collectively “FF&E”) in their original premises and the other party shall accept the same in their then existing
“as is” condition. Promptly after the Effective Date and in connection with the move into their respective buildings, the parties will prepare an inventory of all FF&E and Systems (as defined below). Based upon such inventories, the
parties will execute mutual bills of sale evidencing the transfer of all FF&E and Systems listed on such inventories to one another. Each party represents and warrants that there is no financing, lease or liens applicable to the FF&E.
Notwithstanding the foregoing, Peregrine shall relocate its compressed air system to the 9380 Building. Each party shall move its non-FF&E, including, but not limited to, chairs, file cabinets, book cases, supplies, copiers, scanners,
sports/employee entertainment equipment (e.g., gym equipment, pool table, foosball table and bike racks), marketing posters and art work, to its new premises in connection with this Mutual Assignment. In addition, each party will relocate its lab
furniture and equipment to its new premises; provided that Peregrine may request that Continuous leave any lab furniture in the 9380 Building that Continuous will not use after the Effective Date. Either party shall have the right to designate any
items which would otherwise be required to be left behind in accordance with this Paragraph 6, which such party does not desire to take possession of, and in such event, the party who owns such items will remove the designated items from their
original premises on or before the Effective Date or as soon thereafter as is reasonably possible (e.g., Continuous may require that Peregrine remove certain workstations from the 9450 Building and Peregrine may require Continuous to remove certain
warehouse racking from the 9380 Building). 
 9. Phones and Data Systems. Each party shall leave its phone system, alarm
system, network cabling and all equipment related thereto (collectively, the “Systems”) in its respective original premises, provided, however, that as agreed to by the parties, each party may relocate any equipment related to
providing internet services related to the services currently received by each party. “Systems” will include systems used in operating the respective buildings and not any other hardware or other items related to the operation of each
party’s business (e.g., computers, computer servers, and routers shall not be included in the definition of “Systems”). All Systems will be transferred to the other party by bill of sale and will be transferred in their then “as
is” condition. Each party will provide all owners manuals and users manuals, software and data cabling maps and similar information related to the Systems being transferred and will cooperate with the other party to answer questions relating to
the use of such Systems, including providing reasonable training and user orientation with respect to such Systems. Each party represents and warrants that there is no financing, lease or liens applicable to the Systems. 

  
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 10. Costs and Contingency. Each party shall bear its own costs in connection with
this Mutual Assignment, including, but not limited to, the payment of any fees charged by Landlord in connection with the granting of its consent to this Mutual Assignment with respect to the lease being assigned by such party, the fees of their
respective brokers, any moving expenses or related fees; provided that notwithstanding the foregoing, Peregrine hereby agrees to reimburse Continuous one half of all legal fees incurred by Continuous in connection with this Agreement. Each
assignment contemplated herein is hereby made expressly contingent upon the effectiveness of, and Landlord’s consent to, the other assignment contemplated by this Agreement and in no event shall either the 9380 Lease or the 9450 Lease be
assigned pursuant to this Agreement unless the other lease is assigned pursuant to this Agreement. 
 11. Rent Differential
and July Expenses. As further consideration for this Assignment, Continuous Computing agrees to make a payment to Peregrine in the amount of Forty-Five Thousand and 00/100 Dollars ($45,000.00). This payment is in consideration for the difference
in the lease rental rates between the 9450 Lease and 9380 Lease (the “Rent Differential Payment”). Peregrine agrees to make a payment in the amount of Fourteen Thousand Two Hundred Fifty Two and 00/100 Dollars ($14,252.00). This payment
represents the difference in the basic rent for the month of July pro-rated from the Effective Date through the end of July (the (“Pro-Rated Rent”). The Rent Differential Payment and the Pro-Rated Rent may be adjusted in the event that the
Effective Date is changed, as mutually agreed by the parties. Each party shall use reasonable efforts to transfer any building expenses as of the Effective Date. In the event that there are expenses that must be paid on a monthly basis, such as
utility, phone, and other miscellaneous expenses, Continuous Computing shall pay such expenses incurred at the 9380 Building and Peregrine shall pay for the expenses incurred at the 9450 Building for the entire month of July. Such amounts will be
pro-rated based on the Effective Date and each party shall pay for their proportionate amount of such expenses. 
 12.
Security Deposit and Letter of Credit. Continuous currently has a Security Deposit under the 9380 Lease equal to Fifty Eight Thousand Seven Hundred Eighty Six and 00/100 Dollars ($58,786.00). Peregrine currently has a Security Deposit under
the 9450 Lease equal to Twenty Seven Thousand Two Hundred Forty Three and 00/100 Dollars ($27,243.00). Each party shall maintain its right, title and interest in the Security Deposit under its original lease. In addition, the Letter of Credit
currently held by Landlord in connection with the 9450 Lease shall be maintained by Peregrine and the terms related to the Letter of Credit as set forth in Section 4.4 of the 9450 Lease shall remain with Peregrine in full force and effect as if
such terms were assigned to the 9380 Lease. 
 13. Tenant’s Address for Notices. Effective as of the Effective Date,
the 9380 Lease is hereby amended to provide that Tenant’s address for notices shall be: Peregrine Semiconductor Corporation, 9380 Carroll Park Drive, San Diego, California, 92121, Attention: Chief Financial Officer and the 9450 Lease is hereby
amended to provide that Tenant’s address for notices shall be: Continuous Computing Corporation, 9450 Carroll Park Drive, San Diego, California 92121, Attention: Vice President, Finance with a copy to the General Counsel. 

14. Building Top Signs. Each party currently has a building top sign on the building which it currently occupies. In connection
with this Mutual Assignment, each party shall, as soon as reasonably practicable following the full execution of this Agreement, remove its 

  
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respective building top sign so that each party has its own signage on its new building (i.e., Peregrine shall have its signage on the 9380 Building and Continuous shall have its signage on the
9450 Building). Replacement of such signage on the newly occupied premises, shall be subject to Landlord’s sign criteria and approval by Landlord and any applicable governmental authorities. 

15. Use of Premises. As of the Effective Date, the permitted use under the 9380 Lease shall be amended to “General Office,
research and development, product testing and any other use permitted under applicable laws and zoning” and the permitted use under the 9450 Lease shall be amended to “Hardware & Software development, system assembly and general
office use.” 
 16. General Provisions. 
 16.1 Brokerage Commission. Continuous and Peregrine covenant and agree that under no circumstances shall Landlord be liable for any brokerage commission or other charge or expense in connection
with the Mutual Assignment and Continuous and Peregrine agree to protect, defend, indemnify and hold Landlord harmless from the same and from any cost or expense (including, but not limited to, attorney’s fees) incurred by Landlord in resisting
any claim for any such brokerage commission. Continuous and Peregrine were each represented by Irving Hughes Group (“Irving Hughes”) in connection with this Agreement and each party shall be responsible for the payment of its respective
broker and shall defend, indemnify and hold the other party harmless from and against the same and from any cost or expense (including, but not limited to, attorney’s fees) incurred by Landlord in resisting any claim for any such brokerage
commission. Continuous Computing has agreed to pay a broker fee of Thirty-Eight Thousand and 00/100 Dollars ($38,000.00) to Irving Hughes within two (2) weeks after the Effective Date. Peregrine has agreed to pay a broker fee of Thirty Thousand
and 00/100 Dollars ($30,000.00) to Irving Hughes within two (2) weeks after the Effective Date. 
 16.2 Controlling
Law. The terms and provisions of this Agreement shall be construed in accordance with and governed by the laws of the State of California. 
 16.3 Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto, their heirs, successors and assigns. 

16.4 Partial Invalidity. If any term, provision or condition contained in this Agreement shall, to any extent, be invalid or
unenforceable, the remainder of this Agreement, or the application of such term, provision or condition to persons or circumstances other than those with respect to which it is invalid or unenforceable, shall not be affected thereby, and each and
every other term, provision and condition of this Agreement shall be valid and enforceable to the fullest extent possible permitted by law. 
 16.5 Attorney’s Fees. If any party commences litigation against the other for the specific performance of this Agreement, for damages for the breach hereof or otherwise for enforcement of any
remedy hereunder, the parties hereto agree to and hereby do waive any right to a trial by jury and, in the event of any such commencement of litigation, the prevailing party 

  
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shall be entitled to recover from the other party(ies) such costs and reasonable attorneys’ fees as the prevailing party may have incurred. 

16.6 Payment Offset. The parties agree to offset any payments required under this Assignment so that the party owing any amount
after this offset will provide payment to the other party. 
 [signatures on following page] 

  
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 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first
above written. 
  

					
	“PEREGRINE”:
	
	PEREGRINE SEMICONDUCTOR CORPORATION, a Delaware corporation
		
	By:	 	 /s/ Philip Chapman

	Name:	 	 Philip Chapman

	Title:	 	 CFO

		
	By:	 	 /s/ Jim Cable

	Name:	 	 Jim Cable

	Title:	 	 CEO

	
	“CONTINUOUS”:
	
	 CONTINUOUS COMPUTING CORPORATION,
 a Delaware corporation

		
	By:	 	 /s/ Mike Dagenais

	Print Name:	 	 Mike Dagenais

		 	Title:	 	 CEO

		
	By:	 	 /s/ Larry Nishnick

	Print Name:	 	 Larry Nishnick

		 	Title:	 	 VP and General Counsel

  
 7

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