Document:

QUICK_20120701_10QEX10.34

Exhibit 10.34
THIRD AMENDMENT TO LEASE
THIS THIRD AMENDMENT TO LEASE (this “Amendment”), dated July 16, 2012 for reference purposes only, is made between NETAPP, INC., a Delaware corporation (“Landlord”), and QUICKLOGIC CORPORATION, a Delaware corporation (“Tenant”).
RECITALS
A.Landlord (as successor by name change to Network Appliance, Inc., a Delaware corporation, successor-in-interest to Orleans Properties, LLC, a Delaware limited liability company, successor-in-interest to Westcore OP Orleans, LP, a Delaware limited partnership, successor-in-interest to Orchard Moffett Investors, a California general partnership, and Kairos, LLC, a California limited liability company) and Tenant are parties to that certain Lease dated June 17, 1996, as amended from time to time by mutual agreement of the parties, including but not limited to (i) that certain First Addendum to Lease date June 17, 1996, (ii) that certain Acceptance Agreement dated December 10, 1996, (iii) that certain First Amendment to Lease dated July 31, 2002, and (iv) that certain Second Amendment to Lease dated September 25, 2008 (collectively, the “Original Lease”), with respect to that certain premises consisting of approximately 42,624 square feet of office space located within that certain building commonly known as 1277 Orleans Drive in Sunnyvale, California (the “Premises”).
B.The Term of the Original Lease is set to expire as of December 31, 2012.
C.Tenant has requested an extension of the Term of the Lease by an additional thirty-six (36) months, so that the Term will instead expire on December 31, 2015.  Landlord has agreed to extend the Term of the Lease for such additional period upon the terms and conditions set forth herein.
In consideration of the mutual promises and covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
AGREEMENTS
1.References.  All references to the “Lease” or “lease” appearing in this Amendment or in the Original Lease shall mean, collectively, this Amendment and the Original Lease as amended by this Amendment.  All capitalized terms not defined herein shall have the meanings set forth in the Original Lease.
2.    Extended Term.  The Term of the Lease as set forth in Section J of the Summary in the Original Lease is hereby extended by an additional thirty-six (36) months (the “Second Extended Term”).  The Term of the Lease shall expire on December 31, 2015 (the “Expiration Date”).
3.    Base Monthly Rent.  Tenant shall pay to Landlord Base Monthly Rent during the months of the remainder of the Term of the Original Lease specified below and during the Second Extension Term as follows:
	
		
	Months
	Base Monthly Rent

	January 1, 2013 through December 31, 2013
	$57,542

	January 1, 2014 through December 31, 2014
	$59,246

	January 1, 2015 through December 31, 2015
	$60,952

Except as modified above, Base Monthly Rent shall be paid in accordance with the requirements of Section 4 of the Lease.  

1

4.    As-Is.  It is understood and agreed between Landlord and Tenant that the Premises is being leased to Tenant during the Second Extended Term in an "as-is" condition and that Landlord is not required to make or pay for any alterations or improvements with respect thereto; provided, however, that the foregoing shall not relieve Landlord of its general maintenance and repair obligations set forth in Section 6.2, Section 12.3 or Article 11 of the Lease.  
5.    Cooperation.  Tenant agrees to cooperate with Landlord with respect to site access and parking distribution as is necessary in order to accommodate Landlord's potential construction activities.
6.    Miscellaneous.
A.    Brokers.  The parties to this Amendment represent and warrant to each other that neither party dealt with any brokers or finders in connection with the consummation of this Amendment, and each party agrees to protect, defend, indemnify and hold the other party harmless from and against any and all claims or liabilities for brokerage commissions or finder's fees arising out of that party's acts in connection with this Amendment.
B.    Severability.  If any provision of this Amendment or the application of any provision of this Amendment to any person or circumstance is, to any extent, held to be invalid or unenforceable, the remainder of this Amendment or the application of that provision to persons or circumstances other than those as to which it is held invalid or unenforceable, will not be affected, and each provision of this Amendment will be valid and be enforced to the fullest extent permitted by law.
C.    Entire Agreement/Modification.  This Amendment contains all of the agreements of the parties hereto with respect to the matters contained herein, and no prior agreement, arrangement or understanding pertaining to any such matters shall be effective for any purpose.  Except for any subsequent amendments or modifications to the Lease made in accordance with the terms thereof, any agreement made after the date of this Amendment is ineffective to modify or amend the terms of this Amendment, in whole or in part, unless that agreement is in writing, is signed by the parties to this Amendment, and specifically states that that agreement modifies this Amendment.  
D.    Counterparts.  This Amendment may be executed in any number of counterparts and each counterpart shall be deemed to be an original document.  All executed counterparts together shall constitute one and the same document, and any counterpart signature pages may be detached and assembled to form a single original document.
E.    Heirs and Successors.  This Amendment shall be binding upon the heirs, legal representatives, successors and permitted assigns of the parties hereto.
F.    Authority.  Each individual executing this Amendment on behalf of his or her respective party represents and warrants that he or she is duly authorized to execute and deliver this Amendment on behalf of said entity in accordance with the governing documents of such entity, and that upon full execution and delivery this Amendment is binding upon said entity in accordance with its terms.  
G.    Drafting.  In the event of a dispute between any of the parties hereto over the meaning of this Amendment, both parties shall be deemed to have been the drafter hereof, and any applicable law that states that contracts are construed against the drafter shall not apply.
H.    Ratification.  Except as modified by this Amendment, the Original Lease shall continue in full force and effect and Landlord and Tenant do hereby ratify and confirm all of the terms and provisions of the Original Lease, subject to the modifications contained herein.  

2

IN WITNESS WHEREOF, the parties have caused this instrument to be executed as of the dates below their respective signatures.
	
		
	“TENANT”

	“LANDLORD”

	QUICKLOGIC CORPORATION,
 
a Delaware corporation

By:   /s/ ANDREW J. PEASE     
Name:   Andrew J. Pease      
Its:   President & CEO      

	NETAPP, INC.,
 
a Delaware corporation

By:   /s/ THOM BRYANT        
Name:   Thom Bryant         
Its:   VP Workplace Resources   

3Exhibit 4.1 Convert Notes (1st Sup Indent)

Exhibit 4.1
FIRST SUPPLEMENTAL INDENTURE 
This First Supplemental Indenture (“Supplemental Indenture”) is made as of June 27, 2012, between Valeant Pharmaceuticals International, Inc. (f/k/a Biovail Corporation), a corporation duly organized and subsisting under the laws of Canada (the “Company”), The Bank of New York Mellon, a New York banking corporation, as Trustee (the "Trustee") and BNY Trust Company of Canada, a Canadian trust corporation, as Co-Trustee (the "Co-Trustee"). 
W I T N E S S E T H
WHEREAS, the Company, the Trustee and the Co-Trustee are parties to that certain Indenture, dated as of June 10, 2009 (the “Indenture”), pursuant to which the Company issued its 5.375% Senior Convertible Notes due 2014 (the “Notes”); and
WHEREAS, Section 9.01 of the Indenture provides that without the consent of any Holder, the Company, when authorized by a Board Resolution, and the Trustee and the Co-Trustee, at any time and from time to time, may amend, modify or supplement the Indenture or the Securities, in form satisfactory to the Trustee and the Co-Trustee, among other things, to correct or supplement any provision therein which may be inconsistent with any other provision therein; and
WHEREAS, Section 3.03(b)(vi) and Section 13.03(a) of the Indenture are inconsistent, in that Section 3.03(b)(vi) provides that the Notice of Optional Redemption shall state that the Securities called for redemption may be converted at any time before 5:00 p.m., New York City time, on the second Business Day prior to the Redemption Date, while Section 13.03(a) of the Indenture provides that if the Company calls Securities for redemption, a Holder may convert the Securities only until 5:00 p.m., New York City time, on the Business Day immediately preceding the Redemption Date unless the Company fails to pay the Redemption Price; and
WHEREAS, Section 13.03(a) of the Indenture provides that, upon the conversion of a Security, where the Company elects to deliver part or all of the conversion consideration in cash, the amount of cash is determined based on a 20 trading day period commencing after (i) the date of the Company's notice of election to deliver all or part of the conversion consideration in cash if it has not given a Redemption Notice, (ii) the conversion date, in the case of conversion following a Notice of Redemption by the Company specifying the Company's intention to deliver cash upon conversion for conversions following the Redemption Notice or (iii) the 22nd scheduled Trading Day prior to the Stated Maturity, in the case of conversion during the period beginning 25 Trading Days before the Stated Maturity, and 
WHEREAS, Section 13.03(a) of the Indenture also provides that, if the Company elects to deliver cash in lieu of some or all of the Common Shares issuable upon conversion, the Company will make such payment, including delivery of the Common Shares, through the Conversion Agent, to holders surrendering Securities no later than the 14th Business Day following the Conversion Date; and
WHEREAS, the Company's obligation under Section 13.03(a) of the Indenture to apply a 20 trading day period when determining the amount of cash to be delivered as conversion consideration is inconsistent with the Company's obligation to deliver cash in lieu of some or all of the Common Shares issuable upon conversion no later than the 14th Business Day following the Conversion Date; and
WHEREAS, the Company wishes to supplement the Indenture to correct the inconsistencies described above; and
WHEREAS, the Company has heretofore delivered or is delivering contemporaneously herewith to the Trustee and the Co-Trustee, (i) a Board Resolution described in Section 9.01 of the Indenture, (ii) an Officers' Certificate described in Section 1.02 of the Indenture and (iii) an Opinion of Counsel described in Sections 1.02 and 

1

9.03 of the Indenture; and
WHEREAS, this First Supplemental Indenture does not impair the right of Holders to convert their Securities; and
WHEREAS, all other conditions necessary to authorize the execution and delivery of this Supplemental Indenture have been complied with or have been done or performed. 
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, receipt of which is hereby acknowledged, the Company, the Trustee and the Co-Trustee agree as follows for the equal and ratable benefit of the Holders of the Notes: 
ARTICLE 1 
Definitions 
Section 1.01. General. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Indenture. 
ARTICLE 2 
Agreements of Parties 
Section 2.01. Amendment to Section 3.03(b)(vi). Section 3.03(b)(vi) shall be amended by deleting the word "second" that appears immediately prior to the words "Business Day" therein.
Section 2.02 Amendment to Section 13.03(a). The third paragraph of Section 13.03(a) of the Indenture is hereby amended by replacing "14th" with "24th" in the first sentence thereof.
ARTICLE 3 
Miscellaneous Provisions 
Section 3.01 Effectiveness; Construction. This Supplemental Indenture shall become effective upon its execution and delivery by the Company, the Trustee and the Co-Trustee and as of the date hereof. Upon such effectiveness, the Indenture shall be supplemented in accordance herewith. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. The Indenture and this Supplemental Indenture shall henceforth be read and construed together. 
Section 3.02 Indenture Remains in Full Force and Effect. Except as supplemented hereby, all provisions in the Indenture shall remain in full force and effect. 
Section 3.03 Trustee Matters. The Trustee and the Co-Trustee accept the Indenture, as supplemented hereby, and agree to perform the same upon the terms and conditions set forth therein, as supplemented hereby. The Trustee and the Co-Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee and the Co-Trustee, whether or not elsewhere herein so provided. The recitals contained in this Supplemental Indenture shall be taken as the statements of the Company, and the Trustee and the Co-Trustee assume no responsibility for their correctness. The Trustee and the Co-Trustee make no representation as to the validity or sufficiency of this Supplemental Indenture.  The Company indemnifies the Trustee and Co-Trustee in connection with the execution of this Supplemental Indenture.
Section 3.04 No Third-Party Beneficiaries. Nothing in this Supplemental Indenture, express or implied, shall give to any Person, other than the parties to the Indenture, as supplemented hereby, and their successors, and to the Holders of the Notes, any benefit of any legal or equitable right, remedy or claim under the Indenture, as supplemented hereby. 

2

Section 3.05 Severability. In case any provision of this Supplemental Indenture shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not be impaired thereby. 
Section 3.06 Headings. The Article and Section headings of this Supplemental Indenture have been inserted for convenience of reference only and are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 
Section 3.07 Successors. All agreements of the Company, the Trustee and the Co-Trustee in this Supplemental Indenture shall bind their respective successors. 
Section 3.09 Governing Law. This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York. 
Section 3.10 Counterpart Signatures. This Supplemental Indenture may be signed by the parties hereto in multiple counterparts. Each signed counterpart shall be deemed an original, but all of them together shall represent the same agreement. 
Section 3.11 Conflict with Trust Indenture Act.  If any provision of this Supplemental Indenture limits, qualifies or conflicts with another provision hereof or of the Indenture which is required or deemed to be included in this Supplemental Indenture or the Indenture by any of the provisions of the Trust Indenture Act of 1939, such required provision shall control.
[Signature page follows.]

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written. 

	
					
	 
	VALEANT PHARMACEUTICALS INTERNATIONAL, INC.

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Howard B. Schiller
	 

	 
	 
	Name:
	Howard B. Schiller
	 

	 
	 
	Title:
	Executive Vice President and Chief Financial Officer
	 

3

	
					
	 
	THE BANK OF NEW YORK MELLON, as Trustee

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ Catherine F. Donohue
	 

	 
	 
	Name:
	Catherine F. Donohue

	 
	 
	Title:
	Vice President

	
					
	 
	BNY TRUST COMPANY OF CANADA, as Co-Trustee

	 
	 
	 

	 
	 
	 

	 
	By:
	/s/ George Bragg
	 

	 
	 
	Name:
	George Bragg

	 
	 
	Title:
	Authorized Signatory

4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}]]