Document:

Exhibit 10.1

 

 

 

 

March 20, 2008

 

Richard P. Fox

c/o Orbitz Worldwide, Inc.

500 West Madison Street, Suite 1000

Chicago, Illinois  60661

 

Dear Rick,

 

Congratulations.  At the March 18 meeting, the Board of
Directors (the “Board”) of Orbitz Worldwide, Inc.
(the “Company”) appointed you to the Board,
subject to your acceptance of the appointment. 
Your appointment will be effective as of the later of: (a) the date
of this letter and (b) the day immediately following the filing of the
Company’s Annual Report on Form 10-K for the fiscal year ended December 31,
2007 (the “Effective Date”).

 

This letter summarizes the
compensation you will receive for your service on the Board.

 

1.                                       On
the Effective Date, you will receive a $25,000 grant of deferred stock units (“DSUs”) under the Orbitz Worldwide, Inc. Non-Employee
Directors Deferred Compensation Plan (the “Non-Employee Directors
Deferred Compensation Plan”). The actual number of DSUs that will be
granted to you will be calculated based on the “fair market value” of our
common stock on the date of grant, as defined under the Non-Employee Directors
Deferred Compensation Plan.

 

2.                                       Our
non-employee directors currently are eligible to receive an annual retainer fee
of $75,000 (or $18,750 per quarter).

 

3.                                       You
will be eligible to receive a full annual equity grant (currently $100,000, but
subject to adjustment by the Board) when we make the next annual equity grant
to all non-employee directors (which is expected to be in late June or
early July of 2008); provided, however, that if your Board service terminates prior to the
annual grant date for any reason other than your voluntary resignation or your
removal from the Board for “cause” (in each case as determined by the remaining
members of the Board in good faith), then you shall receive the full grant on
the date your service on the Board terminates.

 

 

4.                                       You
will receive additional committee fees depending on the committees on which you
serve. Currently, the Chair of the audit committee is eligible to receive an
additional annual retainer of $20,000, and members of the audit committee
receive an additional annual retainer of $10,000. Currently, the Chair of the
compensation committee receives an additional annual retainer of $15,000, and
members of the compensation committee receive an additional annual retainer of
$7,500.

 

All of the foregoing retainers
are paid on a quarterly basis at the end of each quarter.  For the first quarter of 2008, your retainer
will be pro rated based on the number of calendar days of Board service.  As required under the Non-Employee Directors
Deferred Compensation Plan, all retainers will be paid 50% in the form of DSUs
with the remaining 50% paid in cash unless you elect to receive all or part of
the remaining 50% in the form of additional DSUs within 30 days of the
Effective Date.

 

If you are in agreement with
the terms set forth above, please sign a copy of this letter where indicated
below and return it to me as soon as possible. 
If you have any questions about your Board compensation or the
Non-Employee Directors Deferred Compensation Plan, please feel free to contact
me.

 

Again, I would like to
personally welcome you to the Board. We truly value the judgment and counsel of
our Board members, and we look forward to working with you to achieve our
future business goals.

 

 

 

	
   

  	
  Best regards,

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Steve Barnhart

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Steve Barnhart

  	
   

  
	
   

  	
  President and Chief Executive Officer

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  AGREED TO AND ACCEPTED

  	
   

  
	
  as of the date first written above:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ Richard P. Fox

  	
   

  
	
  Richard P. FoxEXHIBIT 10.1

 

 

 

 

 

 

 

 

AMENDMENT TO

LEASE AGREEMENT

 

by and between

 

605 EAST FAIRCHILD ASSOCIATES, L.P.,

a California limited partnership

(“Landlord”)

and

CALIPER LIFE SCIENCES, INC.,

a Delaware corporation

(“Tenant”)

 

 

 

 

 

 

AMENDMENT TO LEASE AGREEMENT

 

                This Amendment to Lease
Agreement (this “Amendment”) is entered into as of March 18, 2008, by and
between  605 EAST FAIRCHILD ASSOCIATES,
L.P., a California limited partnership (herein called “Landlord”), and CALIPER
LIFE SCIENCES, INC., formerly known as Caliper Technologies Corp. (herein
called “Tenant”).

 

RECITALS

 

A.            Landlord and Tenant entered into
that certain Lease Agreement dated as of October 15, 1998 (the “Lease”),
pursuant to which Landlord leased to Tenant, and Tenant hired from Landlord,
one entire building (the “Building”) on certain real property located in
Mountain View, California, as more particularly described in the Lease (the
“Premises”), on the terms and conditions contained therein.

 

B.            Tenant and Landlord now desire to
amend the Lease to, among other things, extend the term of the Lease, all in
accordance with this Amendment.

 

AGREEMENT

 

                NOW, THEREFORE, for good and
valuable consideration, the adequacy of which is hereby acknowledged by the
parties, Tenant and Landlord hereby agree as follows:

 

1.             Certain Defined Terms.

 

1.1           All capitalized terms used in this Amendment and not
defined herein shall have the meanings set forth in the Lease.

 

2              Lease Amendments.

 

2.1           Basic Lease Information.  The
“Basic Lease Information” from the Lease is amended as follows:

 

(a)           “Lease Term”:  The initial term of the Lease is being
extended for a period of five (5) years. 
Accordingly, the existing provision defining the “Lease Term” is amended
to read, in its entirety, as follows:

 

Lease Term:                          The initial term of this
Lease shall commence on the Occupancy Date and shall expire on November 30,
2013, with the right to extend for one (1) additional five (5) year
term in accordance with Paragraph 43 [Option to Renew].

 

 

 

 

(b)           “Expiration
Date”:  The existing provision defining
the “Expiration Date” is amended to read, in its entirety, as follows:

 

Expiration Date: 
November 30, 2013

 

 

(c)           “Monthly Base Rent”
and “Base Rent Adjustment”:  The Monthly
Base Rent under the Lease will be adjusted beginning December 1,
2008.  Accordingly, the existing
provisions defining “Monthly Base Rent” and “Base Rent Adjustment” are deleted
in their entirety and replaced with the following:

 

Monthly Base Rent:                                     The Monthly
Base Rent during the initial Term (as extended by this Lease Amendment) shall
be as follows:

 

	
   

  	
  Year

  	
   

  	
   

  	
   

  	
  Monthly
  Base 

  Rent

  	
   

  
	
   

  	
  12/1/1998 to 11/30/1999

  	
   

  	
   

  	
  $

  	
  125,398.35

  	
   

  
	
   

  	
  12/1/1999 to 11/30/2000

  	
   

  	
   

  	
  $

  	
  129,160.30

  	
   

  
	
   

  	
  12/1/2000 to 11/30/2001

  	
   

  	
   

  	
  $

  	
  133,035.11

  	
   

  
	
   

  	
  12/1/2001 to 11/30/2002

  	
   

  	
   

  	
  $

  	
  137,026.16

  	
   

  
	
   

  	
  12/1/2002 to 11/30/2003

  	
   

  	
   

  	
  $

  	
  141,136.94

  	
   

  
	
   

  	
  12/1/2003 to 11/30/2004

  	
   

  	
   

  	
  $

  	
  145,371.05

  	
   

  
	
   

  	
  12/1/2004 to 11/30/2005

  	
   

  	
   

  	
  $

  	
  149,732.18

  	
   

  
	
   

  	
  12/1/2005 to 11/30/2006

  	
   

  	
   

  	
  $

  	
  154,224.15

  	
   

  
	
   

  	
  12/1/2006 to 11/30/2007

  	
   

  	
   

  	
  $

  	
  158,850.87

  	
   

  
	
   

  	
  12/1/2007 to 11/30/2008

  	
   

  	
   

  	
  $

  	
  163,616.40

  	
   

  
	
   

  	
  12/1/2008 to 11/30/2009

  	
   

  	
   

  	
  $

  	
  141,406.65

  	
   

  
	
   

  	
  12/1/2009 to 11/30/2010

  	
   

  	
   

  	
  $

  	
  145,648.85

  	
   

  
	
   

  	
  12/1/2010 to 11/30/2011

  	
   

  	
   

  	
  $

  	
  150,018.32

  	
   

  
	
   

  	
  12/1/2011 to 11/30/2012

  	
   

  	
   

  	
  $

  	
  154,518.86

  	
   

  
	
   

  	
  12/1/2012 to 11/30/2013

  	
   

  	
   

  	
  $

  	
  159,154.43

  	
   

  

 

                                                                                                                                                On each
anniversary of the commencement of the Extension Term (if any), the Monthly
Base Rent shall increase by three (percent (3%) of the Monthly Base Rent
applicable to the month immediately prior to the applicable anniversary.

 

2.2           Term.

 

(a)           Paragraph 3(a) of
the Lease is amended to read, in its entirety, as follows:

 

                                (a)           The term of this Lease (the “Term”)
shall be for a period of time specified in the Basic Lease Information (unless
sooner terminated pursuant to Paragraphs 11(c), 20, 21(b), 22, or 

 

 

 

 

23),
provided that Tenant shall have an option to extend the Term in accordance with
the terms and conditions of Paragraph 43 [Option to Renew].  Tenant shall accept the Premises in an
“as-is” condition.  The “Occupancy Date”
and the “Rent Commencement Date” are December 1, 1998, and the “Expiration
Date” is November 30, 2013, subject to extension pursuant to Paragraph 43.

 

(b)           Paragraph 3(d) of
the Lease is deleted in its entirety.

 

2.3           Additional Alterations.   Paragraph 8 of the Lease is amended as
follows:

 

(a)           The
following shall be added at the end of Paragraph 8(b):

 

Landlord
may condition its consent to any proposed Alterations on a requirement that
funds in an amount reasonably determined by Landlord’s designated contractor to
be sufficient to cause the removal of such Alterations and restoration of the
Premises to the condition required by Paragraph 8(e) below upon the
expiration or termination of this Lease be provided by Tenant to Landlord upon
Landlord’s approval of such Alterations, to be held as additional security for
Tenant’s obligations under Paragraph 8(e).

 

(b)           Paragraph
8(c) shall be amended by deleting the existing clause (y) in such
Paragraph and replacing it with the following:

 

(y) unless
the proposed Alteration consists solely of carpeting, painting and similar
cosmetic items, the cost of each such Alteration (or group of Alterations, if
occurring substantially at the same time and as part of a single project) does
not exceed Five Thousand Dollars ($5,000), and the cost of all such Alterations
in any twelve (12) month period during the Term in the aggregate does not
exceed Ten Thousand Dollars ($10,000). . .

 

(c)           Paragraph
8(e) shall be amended by deleting the first sentence of such Paragraph and
replacing it with the following:

 

Tenant
acknowledges that Landlord intends that the Building be configured for a single
tenant upon the expiration or termination of this Lease.  Accordingly, upon the expiration or sooner
termination of the Term, Tenant shall upon demand by Landlord, at Landlord’s
election and at Tenant’s sole cost and expense, forthwith and with all due
diligence remove any Alterations made by or for the account of Tenant that are
inconsistent with the base building configuration depicted on Exhibit A
attached to this Amendment and designated by Landlord to be removed and restore
the Premises as required by Paragraph 26(b) [Delivery and Restoration of
the Premises].

 

 

 

 

2.4           Assignment and Subletting; Bonus Rent.  Paragraph 11(e) of the Lease is amended
by deleting the second sentence of such Paragraph and replacing it with the
following:

 

However,
fifty percent (50%) of any rent or other consideration realized by Tenant under
any such Assignment or Sublease in excess of the Base Rent and Additional
Charges payable hereunder (or the amount thereof proportionate to the portion
of the Premises subject to such Sublease or Assignment) shall be paid to
Landlord, after deducting therefrom (i) the fully amortized value assuming
an 8% interest rate of Alterations installed by Tenant and associated costs
required by Landlord to remove the alterations accordingly to the last sentence
of Paragraph 8(b) [Landlord’s Consent to Tenant’s Alterations] which are
located on the portion of the Premises subject to such Sublease or Assignment
as of the effective date of such Assignment or Sublease which are attributable
to and allocated in equal installments over the term of the Sublease or
Assignment; (ii) any customary brokers’ commissions and legal fees that
Tenant has incurred in connection with such Assignment or Sublease fully
amortized using an 8% interest rate over the term of the Sublease or
Assignment; (iii) costs reasonably incurred by Tenant for demising walls
and/or other improvements or alterations necessary to cause the Premises to be
suitable for multiple tenants to obtain the Sublease and/or Assignment, which
costs shall be amortized using an 8% interest rate over the term of the
applicable Sublease or Assignment; and (iv) any free rent provided by
Tenant to its subtenant or assignee to obtain the Sublease and/or Assignment,
which shall be amortized on a straight line basis (without interest) over the
term of the applicable Sublease or Assignment.

 

2.5           Signage. 
Paragraph 42 of the Lease is amended by adding the following at the end
of the first sentence in such Paragraph:

 

,
one of which locations may be for the use of a subtenant.  In addition, Tenant may request additional
signage which shall be subject to the prior approval of Landlord, which shall
not be unreasonably withheld, and compliance with all applicable governmental
requirements including, without limitation, local planning, building and zoning
ordinances.

 

2.6           Option to Renew. 
Paragraph 43 of the Lease is amended by replacing the phrase “eighteen
(18) months” with the phrase “twelve (12) months.”

 

2.7           Required Condition of Premises Upon Surrender.  Exhibit “E” to the Lease is deleted in
its entirety and replaced with the Exhibit “E” attached to this Amendment.

 

 

 

 

 

3.             Brokers and Commissions.  Each party represents that it has not had
dealings with any real estate broker, finder or other person with respect to
this Amendment in any manner (including, without limitation, the brokers listed
in the Basic Lease Information of the Lease), except for Cornish &
Carey Commercial and Lincoln Property Company both representing Tenant, who
shall be paid by Landlord in the amount of Three Hundred Sixty Thousand Three
Hundred Fifty-Eight and 61/100 Dollars ($360,358.61) upon satisfaction of all
of the following conditions:  (a) full
execution of this Amendment by Landlord and Tenant; (b) payment by Tenant
of all Rent due for the month of December 2008 and all prior months,
and  (c) no uncured default by
Tenant, and no event that with the passage of time or giving of notice or both
could result in a default, having occurred and be continuing as of December 1,
2008.  Each party shall hold harmless the
other party from all damages resulting from any claims that may be asserted
against the other party by any broker, finder or other person with whom the
other party has or purportedly has dealt.

 

4.             Counterparts.  This Amendment may be executed in
counterparts, each of which shall be deemed an original, but all of which taken
together shall constitute one and the same instrument.  Facsimile or electronically scanned and
transmitted copies of original signatures shall be deemed originals.

 

5.             No Other Amendments.  Except as amended by this Amendment, the
terms of the Lease, including all exhibits and schedules attached thereto,
shall remain unmodified and in full force and effect.

 

 

 

 

 

                IN WITNESS WHEREOF, the parties have executed this
Amendment as of the date first written above.

 

	
   

  	
  LANDLORD:

  
	
   

  	
   

  
	
   

  	
  605 EAST FAIRCHILD ASSOCIATES, L.P.,

  
	
   

  	
  a California limited partnership

  
	
   

  	
   

  
	
   

  	
  By:

  	
  M-D Ventures, Inc.

  
	
   

  	
   

  	
  a California corporation

  
	
   

  	
  Its:

  	
  General Partner

  
	
   

  
	
   

  	
  By:

  	
  /s/John Mozart

  	
   

  
	
   

  	
   

  	
  John Mozart

  
	
   

  	
   

  	
  President

  

 

	
   

  	
   

  
	
   

  	
  TENANT:

  
	
   

  	
   

  
	
   

  	
  CALIPER LIFE SCIENCES, INC.,

  
	
   

  	
  a Delaware corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bruce Bal

  	
   

  
	
   

  	
   

  	
  Bruce Bal, Sr. Vice President — Operations

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

 

 

 

 

Exhibit “A” to Lease Amendment

 

See attached.

 

[Base building diagram from LOI]

 

 

 

 

 

 

 

 

Exhibit “E” to Lease

 

REQUIRED CONDITION OF PREMISES UPON SURRENDER

 

                Upon termination of the Lease,
the Premises shall be returned to Landlord with all Building Systems and
elevator, fire and gas systems in good working order and maintained with any
necessary repairs completed in the reasonable opinion of Landlord’s
subcontractor, and all operating manuals and maintenance records with respect
to such systems shall be delivered to Landlord. 
All space in the Premises shall be “broom clean” and well-maintained
with walls  touched up sufficient so they
are scuff free and in neat and clean condition, and carpet shampooed and
presentable for re-leasing, with any damaged carpet replaced or repaired.  All window coverings shall be cleaned and any
damaged coverings repaired or replaced. 
Any damaged ceiling tiles shall be replaced and all light fixtures shall
be fully operational and clean.  All
doors shall be presentable and damaged doors repaired or replaced.  Bathrooms shall be freshly mopped and all
tile surfaces cleaned.  Any damaged
bathroom partitions or fixtures shall be repaired or replaced.  The exterior and interior of all windows
shall be washed and all interior partition glass shall be cleaned.  If Tenant is obligated to remove or restore
any Alterations upon termination or expiration of the Lease pursuant to
Paragraph 8 of the Lease, the affected area will be returned to Landlord in the
form consistent with Exhibit “A” attached to this Amendment and otherwise
in the condition described in this Exhibit “E” above.

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