Document:

Exhibit
10.6

Exhibit 10.6: Form of Change
In Control Agreement between Hampden Bank, Hampden Bancorp, Inc. and the
individuals listed below

Hampden Bancorp, Inc. and
Hampden Bank entered into change in control agreements with the individuals
listed below, which are substantially identical in all material respects
(except as noted below) as the attached Form of Change in Control Agreement. 

Parties to Change In Control
Agreement: 

Hampden Bancorp, Hampden
Bank and Donald F. Anderson

Hampden Bancorp, Hampden Bank
and Lynn S. Bunce

Hampden Bancorp, Hampden
Bank and Richard L. DeBonis

Hampden Bancorp, Hampden
Bank and Michael L. Grandfield

Hampden Bancorp, Hampden
Bank and Craig W. Kaylor

Hampden Bancorp, Hampden
Bank and William D. Marsh, III 

Hampden Bancorp, Hampden
Bank and Robert A. Massey 

Hampden Bancorp, Hampden
Bank and Robert J. Michel (1)

Hampden Bancorp, Hampden
Bank and Nancy D. Mirken

Hampden Bancorp, Hampden
Bank and Paul M. Mitus

Hampden Bancorp, Hampden
Bank and Sheryl L. Shinn

	
  

  	
  (1)

  	
  Mr. Michel’s Change In Control Agreement is substantially
  identical to Exhibit 10.6 except as to the lump-sum cash payment upon
  termination, which is equal to two (2) times the Employee’s average “Annual
  Compensation” over the five most recently completed calendar years.

  

 

 

CHANGE
IN CONTROL AGREEMENT

This Change in Control
Agreement (the “Agreement”) is made and entered into by and between               
(the “Employee”), HAMPDEN BANK, a Massachusetts-chartered savings bank, with
its principal administrative office at 19 Harrison Avenue, Springfield, MA
01102 (the “Bank”), and HAMPDEN BANCORP, INC., a corporation organized under
the laws of the State of Delaware, the holding company for the Bank (the “Holding
Company”), effective as of the latest date set forth by the signatures of the
parties hereto below (the “Effective Date”).

WHEREAS, it is expected that
the Bank and/or the Holding Company from time to time will consider the
possibility of an acquisition by another company or other change in control.
The Board of Directors of the Bank (the “Board”) recognizes that such
consideration can be a distraction to the Employee and can cause the Employee
to consider alternative employment opportunities. The Board has determined that
it is in the best interests of the Bank and its shareholders to assure that the
Bank will have the continued dedication and objectivity of the Employee,
notwithstanding the possibility, threat or occurrence of a Change in Control
(as defined below) of the Bank or the Holding Company.

WHEREAS, the Board believes
that it is in the best interests of the Bank and its shareholders to provide
the Employee with an incentive to continue his employment and to motivate the
Employee to maximize the value of the Bank upon a Change in Control for the
benefit of its shareholders.

WHEREAS, the Board believes
that it is imperative to provide the Employee with certain severance benefits
upon Employee’s termination of employment following a Change in Control that
provides the Employee with enhanced financial security and provides incentive
and encouragement to the Employee to remain with the Bank notwithstanding the
possibility of a Change in Control.

NOW, THEREFORE, in
consideration of the mutual promises, terms, provisions, and conditions contained
in this Agreement, the parties hereby agree as follows:

1.             TERM OF AGREEMENT. The initial term of this Agreement
shall commence as of the Effective Date and shall continue for two (2) years.
The Board may extend the term of this Agreement for a successive one (1) year
term at the end of the initial term, in its discretion.

2.             AT-WILL EMPLOYMENT. The Bank and the Employee
acknowledge that the Employee’s employment is and shall continue to be at-will,
as defined under Massachusetts law at the time of the execution of this
Agreement. If the Employee’s employment terminates (a) for any reason before a
Change in Control (defined below), (b) for Cause (defined below) following a
Change in Control, (c) without Good Reason (defined below) following a Change
in Control, or (d) as a result of the Employee’s Death or Disability (defined
below), the Employee shall not be entitled to any payments, benefits, damages,
awards or compensation other than as provided by this Agreement or as may
otherwise be available in accordance with the Bank’s established employee plans
and practices or pursuant to other agreements with the Bank.

 2
 

3.                                       PAYMENTS
IN CONNECTION WITH A CHANGE IN CONTROL.

(a)                                  For
purposes of this Agreement, a “Change in Control” shall mean any of the following
events:

(1)                                  MERGER.
The Bank or the Holding Company merges into or consolidates with another
entity, or merges another corporation into the Bank or Holding Company, and as
a result, less than a majority of the combined voting power of the resulting
corporation immediately after the merger or consolidation is held by persons
who were stockholders of the Bank or the Holding Company immediately before the
merger or consolidation;

(2)                                  ACQUISITION
OF SIGNIFICANT SHARE OWNERSHIP. There is filed, or is required to be filed, a
report on Schedule 13D or another form or schedule (other than Schedule 13G)
required under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934,
as amended, if the schedule discloses that the filing person or persons acting
in concert has or have become the beneficial owner of 25% or more of a class of
the Bank or the Holding Company’s voting securities, but this clause (ii) shall
not apply to beneficial ownership of Bank or Holding Company voting shares held
in a fiduciary capacity by an entity of which the Bank or the Holding Company
directly or indirectly beneficially owns 50% or more of its outstanding voting securities.

(3)                                  CHANGE IN
BOARD COMPOSITION. During any period of two consecutive years, individuals who
constitute the Bank’s or the Holding Company’s Board of Directors at the
beginning of the two-year period cease for any reason to constitute at least a majority
of the Bank’s or the Holding Company’s Board of Directors; provided, however,
that for purposes of this clause (iii), each director who is first elected by
the board (or first nominated by the board for election by the members) by a
vote of at least two-thirds (2/3) of the directors who were directors at the beginning
of the two-year period shall be deemed to have also been a director at the
beginning of such period; or

(4)                                  SALE OF
ASSETS. The Bank or the Holding Company sells to a third party all or
substantially all of its assets.

(5)                                  TENDER
OFFER. A tender offer is made for 25% or more of the voting securities of the
Bank or the Holding Company.

(b)                                 For
purposes of this Agreement, “Termination for Cause” shall mean termination
because of, in the good faith determination of the Board, Employee’s:

(1)                                  Act of
dishonesty, falsification of Bank or Holding Company documents, or other
intentional misrepresentation related to business matters of the Bank or the
Holding Company;

(2)                                  Incompetence;

(3)                                  Willful
misconduct or action in bad faith;

 3
 

(4)                                  Breach of
fiduciary duty;

(5)                                  Failure
to substantially perform his stated duties and obligations to the Bank,
including, but not limited to, one or more acts of gross negligence;

(6)                                  Willful
violation of any law, rule, or regulation (other than traffic violations or
similar offenses) that reflects adversely on the reputation of the Bank or the
Holding Company, any felony conviction, any violation of law involving moral
turpitude, or any violation of a final cease-and-desist order;

(7)                                  Commission
of any tortious act, unlawful act or malfeasance that causes or reasonably
could cause harm to the Bank or the Holding Company;

(8)                                  Material
breach of any provision of this Agreement, or the written policies of the Bank
and/or Holding Company (including, but not limited to the Hampden Bank Code of
Ethics and Conflict of Interest Policy); and/or

(9)                                  Violation
of the Securities Act of 1933 or the Securities Exchange Act of 1934.

(c)                                  For
purposes of this Agreement, “Good Reason” shall exist if, without Employee’s
express written consent, the Bank or the Holding Company materially breaches
any of its obligations under this Agreement. Such a material breach shall be
deemed to occur upon any of the following:

(1)                                  A
material reduction in Employee’s responsibilities or authority in connection
with his employment with the Bank or the Holding Company;

(2)                                  Following
a Change in Control, any material reduction in salary or benefits below the
amounts Employee was entitled to receive before the Change in Control; or

(3)                                  A
requirement that Employee relocate his principal business office or his
principal place of residence outside of the area consisting of a thirty-five
(35) mile radius from the current main office of the Bank and any branch of the
Bank, or the assignment to Employee of duties that would reasonably require
such a relocation.

Notwithstanding the foregoing, a reduction or
elimination of Employee’s benefits under one or more benefit plans maintained
as part of a good faith, overall reduction or elimination of such plans or
benefits, applicable to all participants in a manner that does not discriminate
against Employee (except as such discrimination may be necessary to comply with
law), will not constitute an event of Good Reason or a material breach of this
Agreement, provided that benefits of the same type or to the same general
extent as those offered under such plans before the reduction or elimination
are not available to other officers of the Bank or any affiliate under a plan
or plans in or under which Employee is not entitled to participate.

(d)                                 For
purposes of this Agreement, “Disability” shall have the same meaning given to
such term under the Bank’s Long-Term Disability plan as in effect from time to
time, or, if no such plan is then in effect, the meaning described in Section 22(c)(3)
of the Internal Revenue Code (the “Code”).

 4
 

(e)                                  In
the event that, upon a change in ownership or control within the meaning of
Section 409A(a)(2)(A)(v) of the Code, Employee is offered employment with the
Bank or its successor that is comparable in terms of compensation and
responsibilities, and Employee stays for six (6) months after the change in
ownership or control is completed, Employee shall receive a lump sum payment in
the amount of three (3) months base salary.

(f)                                    TERMINATION.
If within the period ending two (2) years after a Change in Control, (i) the
Bank or the Holding Company terminates Employee’s employment Without Cause
(defined in Section 3(b)), or (ii) Employee voluntarily terminates his
employment With Good Reason (defined in Section 3(c)), the Bank will pay
Employee, not later than ten (10) calendar days after the date of termination
of Employee’s employment:

(1)                                  Employee’s
base salary through the effective date of termination, and payment for any
accrued but unpaid compensation;

(2)                                  one
lump-sum cash payment equal to one (1) times Employee’s average “Annual
Compensation” over the five (5) most recently completed calendar years,
ending with the year immediately preceding the effective date of the Change in
Control. In determining Employee’s average “Annual Compensation”, “Annual
Compensation” will include base salary and any other taxable income including,
but not limited to, amounts related to the granting, vesting or exercise of restricted
stock or stock option awards, commissions, bonuses, retirement benefits,
director or committee fees and fringe benefits paid or accrued for Employee’s
benefit. Annual compensation will also include profit sharing, Employee stock
ownership plan and other retirement contributions or benefits, including to any
tax-qualified plan or arrangement (whether or not taxable) made or accrued on behalf
of Employee for such year; and

(3)                                  directly,
or by reimbursing the Employee for, the monthly premium for continuation
coverage under the Bank’s health, dental and disability insurance plans, to the
same extent that such insurance is provided to persons currently employed by
the Bank, provided that the Employee makes a timely election for such continuation
coverage under the Consolidate Omnibus Budget Reconciliation Act of 1985
(“COBRA”). The “qualifying event” under COBRA shall be deemed to have occurred
on the termination date. The Bank’s obligation under this paragraph shall end
18 months after the termination date or at such earlier date as the Employee
becomes eligible for comparable coverage under another employer’s group coverage.
The Employee agrees to notify the Bank promptly and in writing of any new
employment and to make full disclosure to the Bank of the health and dental
insurance coverage available to him through such new employment.

(g)                                 VOLUNTARY
RESIGNATION; TERMINATION FOR CAUSE. If the Employee’s employment terminates by
reason of the Employee’s voluntary resignation (and is not for Good Reason), or
if the Employee is terminated for Cause, then the Employee shall not be
entitled to receive severance or other benefits except for those (if any) as
may then be established under the Bank’s then existing severance and benefits
plans and practices or pursuant to other written agreements with the Bank.

 5
 

(h)                                 DISABILITY;
DEATH. If the Bank terminates the Employee’s employment as a result of the
Employee’s Disability, or such Employee’s employment is terminated due to the
death of the Employee, then the Employee shall not be entitled to receive
severance or other benefits except for those (if any) as may then be established
under the Bank’s then existing severance and benefits plans and practices or
pursuant to other written agreements with the Bank.

4.                                       LIMITATION
ON PAYMENTS. In the event that the severance and other benefits provided for in
this Agreement or otherwise payable to the Employee (i) constitute “parachute
payments” within the meaning of Section 280G of the Code and (ii) but for this
Section 4, would be subject to the excise tax imposed by Section 4999 of the
Code, then the Employee’s severance benefits shall be either:

(a)                                  delivered
in full, or

(b)                                 delivered
as to such lesser extent which would result in no portion of such severance
benefits being subject to excise tax under Section 4999 of the Code,

whichever of the foregoing amounts, taking into account the applicable
federal. state and local income taxes and the excise tax imposed by Section
4999, results in the receipt by the Employee on an after-tax basis, of the
greatest amount of severance benefits, notwithstanding that all or some portion
of such severance benefits may be taxable under Section 4999 of the Code.
Unless the Bank and the Employee otherwise agree in writing, any determination
required under this Section 4 shall be made in writing by the Bank’s
independent public accountants immediately prior to Change in Control (the
“Accountants”), whose determination shall be conclusive and binding upon the
Employee and the Bank for all purposes. For purposes of making the calculations
required by this Section 1, the accountants may make reasonable assumptions and
approximations concerning applicable taxes and may rely on reasonable, good
faith interpretations concerning the application of Sections 280G and 4999 of
the Code. The Bank and the Employee shall furnish to the Accountants such
information and documents as the Accountants may reasonably request in order to
make a determination under this Section. The Bank shall bear all costs the
Accountants may reasonably incur in connection with any calculations
contemplated by this Section 4.

5.                                       CONFIDENTIALITY
AND NON-SOLICITATION.

(a)                                  CONFIDENTIALITY.

(1)                                  “Confidential
Information” is information however delivered, disclosed, or discovered during
the term of Employee’s employment, which Employee has, or in the exercise of
ordinary prudence should have, reason to believe is confidential, or which the
Bank designates as confidential including, but not limited to:

(i)                                     BANK
INFORMATION: Bank or Holding Company proprietary information, technical data,
trade secrets or know-how, including, but not limited to: research, processes,
pricing strategies, communication strategies, sales strategies, sales literature,
sales contracts, product plans, products, inventions, methods, services,
computer codes or instructions, software and software documentation, equipment,
costs, customer lists, business studies, business procedures, finances and
other business information disclosed to Employee

 6
 

by the Bank or the Holding Company,
either directly or indirectly in writing, orally or by drawings or observation
of parts or equipment and such other documentation and information as is
necessary in the conduct of the business of the Bank and/or the Holding
Company; and

(ii)                                  THIRD
PARTY INFORMATION: confidential or proprietary information received by the Bank
or the Holding Company from third parties.

(2)                                  The
Bank’s failure to mark any of the Confidential Information as confidential or
proprietary will not affect its status as Confidential Information.

(3)                                  Employee
also agrees that the terms, conditions and subject matter of this Agreement are
considered Confidential Information.

(4)                                  Confidential
Information does not include information that has ceased to be confidential by
reason of any of the following: (i) was in Employee’s possession prior to the
date of his or her initial employment with the Bank, provided that such
information is not known by Employee to be subject to another confidentiality
agreement with, or other obligation of secrecy to, the Bank, the Holding
Company, or another party; (ii) is generally available to the public and became
generally available to the public other than as a result of a disclosure in
violation of this Agreement; (iii) became available to Employee on a
non-confidential basis from a third party, provided that such third party is
not known by Employee to be bound by a confidentiality agreement with, or other
obligation of secrecy to, the Bank, the Holding Company, or another party or is
otherwise prohibited from providing such information to Employee by a
contractual, legal or fiduciary obligation; or (iv) Employee is required to
disclose pursuant to applicable law or regulation (as to which information,
Employee will provide the Bank with prior notice of such requirement and, if
practicable, an opportunity to obtain an appropriate protective order).

(5)                                  Employee
shall not, either during or after the termination of his or her employment with
the Bank, communicate or disclose to any third party the substance or content
of any Confidential Information (defined above), or use such Confidential
Information for any purpose other than the performance of Employee’s
obligations hereunder. Employee acknowledges and agrees that any Confidential
Information obtained by Employee during the performance of his or her
employment concerning the business or affairs of the Bank, or any subsidiary,
affiliate or joint venture of the Bank is the property of the Bank, or such
subsidiary, affiliate or joint venture of the Bank, as the case may be.

(6)                                  Employee
agrees to return all Confidential Information, including all copies and versions
of such Confidential Information (including, but not limited to, information
maintained on paper, disk, CD-ROM, network server, or any other retention
device whatsoever) and other property of the Bank, to the Bank within two (2)
business days of his or her separation from the Bank (regardless of the reason
for the separation).

 7
 

(7)                                  RECOGNITION
OF GOOD WILL. Employee further recognizes and acknowledges that in the course
of employment he is and will be introduced to customers and others with
important relationships to the Bank. Employee acknowledges and agrees that any
and all “goodwill” associated with any existing or prospective customer, account
or business partner belongs exclusively to the Bank including, but not limited
to, any goodwill created as a result of direct or indirect contacts or
relationships between Employee and any existing or prospective customers,
accounts, business partners and other key relationships of the Bank.

(b)                                 NON-SOLICITATION.
In view of the covenants above, and as a material inducement to the Bank to
enter into this Agreement and to pay to Employee the compensation stated in
Section 3, Employee agrees that during his employment and for a period of six
(6) months thereafter (the “Non-Solicitation Period”), Employee shall not, either
individually or on behalf of or through any third party, directly or
indirectly, engage in the following activities:

(1)                                  CUSTOMER,
CLIENT AND VENDOR NON-SOLICITATION. Solicit, divert, appropriate or take away,
or attempt to solicit, divert, appropriate or take away, the business or
patronage of any of the clients, customers or vendors of the Bank that were
clients, customers or vendors of the Bank while Employee was employed by the
Bank and that were serviced by Employee, or prospective clients, customers or vendors
with which Employee had written or oral communications while Employee was
employed by the Bank.

(2)                                  EMPLOYEE
NON-SOLICITATION. Hire, retain, recruit, entice, induce, solicit or encourage
any employee or consultant to terminate their employment with, or otherwise
cease their relationship with, the Bank or its parent, subsidiaries or
affiliates. This section 5(c)(2) shall prohibit the aforesaid actions by
Employee with respect to any person both while such person is a current
employee or consultant of the Bank or such related entities, and for the ninety
(90) day period after such person’s employment or consultancy with the Bank
terminates.

The terms of this Section 5 of the Agreement are in
addition to, and not in lieu of, any other contractual, statutory or common law
obligations that Employee may have relating to the protection of the Bank’s
Confidential Information or its property. The terms of this section shall
survive indefinitely Employee’s employment with the Bank, provided that the Confidential
Information of the Bank remains confidential and is not a matter of public
knowledge.

6.                                       POST-TERMINATION
OBLIGATIONS. Any and all payments and benefits due to Employee under this
Agreement are subject to his compliance with Section 5 of this Agreement. Upon
a good faith finding by the Board that Employee breached Section 5 of this
Agreement, the Bank shall be excused from making any and all payments under
this Agreement and Employee shall return to the Bank all previous payments made
to him under this Agreement.

7.                                       SUCCESSORS.

(a)                                  SUCCESSOR
TO BANK. The Bank shall require any successor or assignee, whether direct or
indirect, by purchase, merger, consolidation or otherwise, to all or
substantially all of the business or assets of the Bank or the Holding Company,
expressly and unconditionally to assume

 8
 

and agree to perform the Bank’s obligations under this Agreement, in the
same manner and to the same extent that the Bank would be required to perform
if no such succession or assignment had taken place.

(b)                                 SUCCESSOR
TO THE EMPLOYEE. Neither this Agreement nor any right or interest hereunder
will be assignable or transferable by the Employee, his beneficiaries or legal
representatives, except by will or by the laws of descent and distribution.
This Agreement will inure to the benefit of and be enforceable by the
Employee’s legal personal representative.

8.                                       NOTICES.

All notices, requests, demands and other
communications in connection with this Agreement shall be made in writing and
shall be deemed to have been given when delivered by hand or 48 hours after
mailing at any general or branch United States Post Office, by registered or
certified mail, postage prepaid, addressed to the Bank at its principal
business offices and to Employee at his home address as maintained in the
records of the Bank.

9.                                       SOURCE
OF PAYMENTS. All payments provided in this Agreement shall be paid in from the
general funds of the Bank. In the event, however, that the Bank is unable to
make such payments to the Employee, such amounts shall be paid or provided by
the Holding Company.

10.                                 MISCELLANEOUS
PROVISIONS.

(a)                                  NO DUTY
TO MITIGATE. The Employee shall not be required to mitigate the amount of any
payment contemplated by this Agreement, nor shall any such payment be reduced
by any earnings that the Employee may receive from any other source.

(b)                                 WAIVER.
No provision of this Agreement shall be modified, waived or discharged unless
the modification, waiver or discharge is agreed to in writing and signed by the
Employee and by an authorized officer of the Bank (other than the Employee). No
waiver by either party of any breach of, or of compliance with, any condition
or provision of this Agreement by the other party shall be considered a waiver
of any other condition or provision or of the same condition or provision at
another time. Further, the Bank’s waiver of its right to enforce similar
conditions or provisions in another employee’s agreement (employment or other)
shall not operate as a waiver of its right to enforce any of the conditions or
provisions in this Agreement.

(c)                                  ENTIRE
AGREEMENT. This Agreement constitutes the entire agreement of the parties
hereto and supersedes in their entirety all prior undertakings and agreements
of the parties.

(d)                                 CHOICE OF
LAW; ENFORCEABILITY; WAIVER OF JURY TRIAL.

(1)                                  THE LAW
OF MASSACHUSETTS APPLIES TO THIS AGREEMENT. This Agreement and all transactions
contemplated by this Agreement shall be governed by and construed and enforced
in accordance with the internal laws of the Commonwealth of Massachusetts,
without regard to principles of conflicts of law.

(2)                                  ANY
DISPUTE REGARDING THIS AGREEMENT WILL TAKE PLACE IN MASSACHUSETTS. The Parties
agree that this Agreement shall be enforced by the Business Litigation

 9
 

 

Session of the Massachusetts Superior Court
located in Suffolk County, which retains exclusive jurisdiction and venue for
any actions or proceedings, demand, claim or counterclaim relating to, or
arising under, the terms and provisions of this Agreement, or to its breach.
The Parties further acknowledge that material witnesses and documents would be
located in Massachusetts.

 

(e)           SEVERABILITY. If a court of competent jurisdiction
determines that any portion of this Agreement is illegal, invalid or
unenforceable, then that portion shall be considered to be removed from the
Agreement and it shall not affect the legality, validity or enforceability of
the remainder of the Agreement and the remainder of the Agreement shall
continue in full force and effect. Similarly, if the scope of any restriction
or covenant contained herein should be or become too broad or extensive to
permit enforcement thereof to its full extent, then the court is specifically
authorized by the parties to enforce any such restriction or covenant to the
maximum extent permitted by law, and Employee hereby consents and agrees that
the scope of any such restriction or covenant may be modified accordingly in
any judicial proceeding brought to enforce such restriction or covenant.

(f)            WITHHOLDING. All payments made pursuant to this Agreement
will be subject to withholding of applicable income and employment taxes.

(g)           COUNTERPARTS. This Agreement may be executed in
counterparts, each of which shall be deemed an original, but all of which
together will constitute one and the same instrument.

 

[REMAINDER
OF THIS PAGE INTENTIONALLY LEFT BLANK]

 10

 

SIGNATURES

IN WITNESS WHEREOF, the
parties hereto have executed this Agreement
on           , 2007.

	
  ATTEST:

  	
   

  	
  HAMPDEN BANK

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  
	
   

  	
   

  	
   

  	
   

  
	
  Corporate Secretary

  	
   

  	
   

  	
  For the Entire Board of Directors

  
	
   

  	
   

  	
   

  
	
  ATTEST:

  	
   

  	
  HAMPDEN BANCORP, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  
	
   

  	
   

  	
   

  	
   

  
	
  Corporate Secretary

  	
   

  	
   

  	
  For the Entire Board of Directors

  
	
   

  	
   

  	
   

  
	
  WITNESS:

  	
   

  	
  EMPLOYEE:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Corporate Secretary

  	
   

  	
   

  

 

 11Exhibit 10.21

FIRST AMENDMENT TO
LEASE

This First
Amendment to Lease (“Amendment”) is made effective as of November 15, 2006, by
and between EAST ARQUES SUNNYVALE, LLC, a California limited liability company
(“Landlord”) and SYMYX TECHNOLOGIES, INC., a Delaware corporation (“Tenant”).

RECITALS

A.            Landlord and Tenant entered into a
Lease dated February 29, 2000 (“Lease”) for those certain premises, consisting
of approximately thirty-six thousand five hundred forty-seven (36,547) rentable
square feet, comprising all of the rentable square footage in that certain
building (“Building”) located at 1263 E. Arques, Sunnyvale, California, all as
more particularly described in the Lease (“Premises”).

B.            Landlord and Tenant now desire to
amend the Lease referred to in Recital A above as more particularly described
below.

NOW, THEREFORE, in
consideration of the mutual covenants and agreements set forth below, and for
other valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:

1.             Defined Terms.  Except
as otherwise expressly provided herein, all capitalized terms used herein shall
have the meanings ascribed to them in the Lease.

2.                                       Term
of Lease.

(a)           The term “Length of Term” set forth
in the Basic Lease Information is hereby amended to mean the initial term
expiring on November 14, 2015.

(b)           Paragraph 3 of the Lease is hereby
deleted in its entirety and the following is substituted in place thereof:

“3.           Term.  The term of this Lease (the “Term”) shall commence
on the Term Commencement Date and continue in full force and effect until
November 14, 2015, unless sooner terminated or extended pursuant to the terms
hereof. “

 1
 

3.             Base Rent.

(a)           The provisions of Paragraph 37.2 of
the Lease to the contrary notwithstanding, monthly Base Rent for the Premises,
net of Basic Operating Costs per Paragraph 7 of the Lease, for the period
commencing on November 15, 2006 and ending on November 14, 2015, shall be as
set forth below:

 

 

	
  Remaining Initial Lease Term

  	
   

  	
  Base Rent Per Month

  
	
  11/15/06-11/14/07

  	
   

  	
  $93,982.25

  
	
  11/15/07-11/14/08

  	
   

  	
  $96,906.01

  
	
  11/15/08-11/14/09

  	
   

  	
  $99,946.72

  
	
  11/15/09-11/14/10

  	
   

  	
  $103,109.06

  
	
  11/15/10-11/14/11

  	
   

  	
  $106,397.89

  
	
  11/15/11-11/14/12

  	
   

  	
  $109,818.28

  
	
  11/15/12-11/14/13

  	
   

  	
  $113,375.48

  
	
  11/15/13-11/14/14

  	
   

  	
  $117,074.97

  
	
  11/15/14-11/14/15

  	
   

  	
  $120,922.44

  

 

(b)           The penultimate sentence of Paragraph
6.1 of the Lease is hereby deleted in its entirety, and the following is
substituted in place thereof:

“The Base Rent
payable by Tenant hereunder is subject to adjustment as provided in Paragraph
3(a) of the First Amendment to Lease made effective as of November 15, 2006,
executed by Landlord and Tenant.”

4.             Extension Options.  Paragraph
37.6 of the Lease is hereby deleted in its entirety and the following is
substituted in place thereof:

“Extension Option.  Provided Tenant is not in default of its
obligations under this Lease, Tenant shall have two (2) options to extend the
Term of the Lease for a period of five (5) consecutive years each as more particularly
described below.  Each extended term of
the Lease is referred to herein as an “Extended Term” and collectively as the “Extended
Terms.”  The first Extended Term of the
Lease shall commence November 15, 2015. 
The second Extended Term of the Lease shall commence on the day
following the expiration of the first Extended Term referred to in the
immediately preceding sentence.  If Tenant
timely exercises an option to

 2
 

extend pursuant to the
terms of this Paragraph 37.6, Tenant shall accept the Premises for such
applicable Extended Term in its then “as is” condition and on the same terms
and conditions as set forth in the Lease, as amended hereby, except that (i)
Landlord shall have no obligation to construct or install any tenant
improvements in the Premises for Tenant or provide any tenant improvement
allowance, (ii) Tenant shall have no further right to extend the Term of the
Lease beyond the two (2) Extended Terms set forth in this Paragraph 37.6, and
(ii) the monthly Base Rent payable during the applicable Extended Term shall be
an amount equal to ninety-five percent (95%) of the fair market rental value of
the Premises (which may include adjustments to the monthly Base Rent during the
applicable Extended Term based on cost of living or other rental adjustments),
but in no event shall such monthly Base Rent payable during the first Extended
Term be less than Two Dollars ($2.00) per rentable square foot of the Premises
(NNN) and in no event shall such monthly Base Rent payable by Tenant during the
second Extended Term be less than the monthly Base Rent payable by Tenant for
the last month of the first Extended Term (without regard to any abatement of
monthly Base Rent during such last month of the first Extended Term, if
applicable).  The parties hereto agree
that the existence of any “wet” laboratory tenant improvements installed in the
Premises and paid for solely by Tenant shall not be taken into consideration in
determining the fair market rental value of the Premises. The options to extend
stated herein are personal to Symyx Technologies, Inc. (and to any transferee
pursuant to a Permitted Transfer as defined in Paragraph 21.3, as amended) and
will not survive any assignment or sublet of the Lease (except an assignment or
sublease to a transferee pursuant to a Permitted Transfer as defined in
Paragraph 21.3, as amended). Tenant shall give Landlord written notice of its
intent to exercise the applicable extension option at least one hundred eighty
(180) days but not more than two hundred seventy (270) days prior to the date
the Lease would expire but for the exercise of the applicable Extension
Option.  Tenant may not exercise the
extension option for the second Extended Term unless it has timely exercised
the extension option for the first Extended Term. Within thirty (30) days after
Tenant exercises its applicable extension option pursuant to the terms above,
Landlord will provide Tenant with its determination of the Base Rent for the
applicable Extended Term (based on 95% of the monthly fair market rental value
of the Premises, as reasonably determined by Landlord), but in no event shall
such determination with respect to the first Extended Term be less than $2.00
per square foot per month and in no event shall such determination with respect
to the second Extended Term be less than the monthly Base Rent payable by
Tenant for the last month of the first Extended Term (without regard to any
abatement of monthly Base Rent during such last month of the first Extended
Term, if applicable).  Tenant shall have
thirty (30) days from notification by Landlord of the Base Rent to accept
Landlord’s Base Rent determination.

The parties are obligated
to negotiate in good faith to agree on the monthly fair market rental for the
Premises for the applicable Extended Term. 
If the parties

 3
 

have not mutually agreed
on the Base Rent for the applicable Extended Term (based on 95% of the monthly
fair market rental value of the Premises [which may include adjustments to the
monthly Base Rent during the applicable Extended Term based on cost of living
or other rental adjustments], but in no event less than $2.00 per square foot
per month for the first Extended Term and no less than the monthly Base Rent
payable by Tenant for the last month of the first Extended Term (without regard
to any abatement of monthly Base Rent during such last month of the first
Extended Term, if applicable) for the second Extended Term) within thirty (30)
days from notification by Landlord to Tenant of Landlord’s rental
determination, each party hereto shall appoint one representative who shall be
a licensed real estate broker with a minimum of ten (10) years experience in
leasing industrial space in Sunnyvale, California, to determine the fair market
rental for the Premises during the applicable Extended Term.  The two (2) representatives so appointed
shall determine the monthly fair rental value for the applicable Extended Term
considering the use to which Tenant is then utilizing the Premises pursuant to
the terms and conditions of this Lease. The parties hereto agree that the
existence of any “wet” laboratory tenant improvements installed in the Premises
and paid for solely by Tenant shall not be taken into consideration by the
aforementioned real estate brokers (or the third real estate broker referred to
in the immediately following paragraph, if applicable) in determining the fair
market rental value of the Premises. The determination of said fair market
rental value shall be made by said two (2) representatives within sixty (60)
days from notification by Landlord to Tenant of Landlord’s rental determination
and they shall submit said determination in writing to Landlord and Tenant.

If the two (2)
representatives of the parties hereto cannot agree on the fair market rental
value for the Premises herein, said two (2) representatives shall choose a
third licensed real estate broker with a minimum of ten (10) years experience
in the leasing of industrial space in Sunnyvale, California, to act as an
arbitrator.  If the two representatives
cannot or do not agree on a third representative, either party may have the
third representative chosen by the American Arbitration Association or by a
judge of the Santa Clara County Superior Court. 
The fair market rental value for the applicable Extended Term shall be independently
determined by the arbitrator, which said determination shall be made within
ninety (90) days from notification by Landlord to Tenant of Landlord’s rental
determination.  The role of the
arbitrator shall then be to immediately select from the fair market rent
proposals of the representatives the one that most closely approximates the
arbitrator’s determination of fair market rental value.  The arbitrator shall have no right to adopt a
compromise or middle ground or any modification of either of the two fair
market rent proposals.

The proposal the
arbitrator chooses as most closely approximating his determination of the fair
market rental value of the Premises for the applicable Extended Term shall
constitute the final determination of the fair market rental

 4
 

value of the
Premises for the applicable Extended Term, shall be final and binding upon the
parties and the Base Rent for such applicable Extended Term shall be equal to
ninety-five percent of such fair market rental determination but in no event
shall such monthly Base Rent payable during the first Extended Term be less
than Two Dollars ($2.00) per rentable square foot of the Premises (NNN) and in
no event shall such monthly Base Rent payable by Tenant during the second
Extended Term be less than the monthly Base Rent payable by Tenant for the last
month of the first Extended Term (without regard to any abatement of monthly
Base Rent during such last month of the first Extended Term, if
applicable).  Each party shall pay the
charges of the representative appointed by such party.  The charges and expenses of the arbitrator,
as provided herein, shall be paid by the parties hereto in equal shares.”

5.             Permitted Transfer.  The following
provisions shall be deemed added at the end of Paragraph 21.3 of the Lease:

“Notwithstanding
anything contained in Paragraph 21.3 above, Tenant may assign this Lease to a
successor to Tenant by purchase, merger, consolidation or reorganization (an “Ownership
Change”) or assign this Lease or sublet all or a portion of the Premises to an
Affiliate without the consent of Landlord, provided that all of the following
conditions are satisfied (a “Permitted Transfer”):  (a) Tenant is not in breach or default of any
of its obligations under this Lease (beyond the applicable cure period); (b) in
the event of an Ownership Change, Tenant’s successor shall own substantially
all of the assets of Tenant and have a net worth which is at least equal to
Tenant’s net worth as of the day prior to the proposed Ownership Change; and
(c) Tenant shall give Landlord written notice at least five (5) business days
prior to the effective date of the Permitted Transfer.  Tenant’s notice to Landlord shall include
information and documentation evidencing the Permitted Transfer and showing
that each of the above conditions has been satisfied.  If requested by Landlord, Tenant’s successor
shall sign a commercially reasonable form of assumption agreement.  The term “Affiliate” as used in this
Paragraph 21.3 shall mean an entity controlled by, controlling or under common
control with Tenant.”

6.             Lab Use.

(a)           Paragraph 37.4 of the Lease is hereby
amended, in part, to delete therein the following words:  “but with not more than ten percent (10%) of
the Premises allocated for “wet” laboratory use” and to substitute in place
thereof the words “but not more than fifty percent (50%) of the Premises
allocated for “wet” laboratory use”. 
Landlord hereby agrees that, subject to the terms and conditions of the
Lease, as amended (including, without limitation, the

 5
 

provisions of Paragraph 12.1 and 12.2 of the Lease),
Tenant shall have the right to use not more than fifty percent (50%) of the
Premises for “wet” laboratory use.

Landlord may, at
Landlord’s option, require that Tenant, at Tenant’s expense, remove any or all
lab equipment and/or plumbing and electrical for such lab equipment and restore
the Premises by the expiration or earlier termination of the Term of the Lease
to the condition existing prior to the construction or installation of such lab
equipment, plumbing or electrical improvements. 
All such removal and restoration shall be accomplished in a good and
workmanlike manner so as to not cause any damage to the Premises
whatsoever.  If Landlord requires the
removal of any such lab equipment and/or plumbing or electrical improvements
and Tenant fails to remove the same prior to the expiration or earlier
termination of the Term of the Lease, then Landlord may retain and use such lab
equipment, plumbing and/or electrical improvements or remove them and cause them
to be stored or sold in accordance with applicable law, at Tenant’s sole cost
and expense.

7.             Lease Terms.  Except
as otherwise modified herein, the terms and conditions of the Lease shall
remain unmodified and in full force and effect. 
In the event of any conflict or inconsistency between the terms of this
Amendment and the terms of the original Lease, the terms of this Amendment
shall control.

8.             Counterparts.  This
Amendment may be executed in counterparts, each of which shall be deemed an
original and which together shall constitute one instrument.

[balance of page
is intentionally blank; signature page follows on next page]

 6
 

IN WITNESS
WHEREOF, the parties have executed this Amendment as of the date set forth
below.

	
  

  	
   

  	
  LANDLORD:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  EAST ARQUES SUNNYVALE, LLC,

  
	
   

  	
   

  	
  a California limited liability company

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ Scott Trobbe

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  	
  Scott Trobbe

  
	
   

  	
   

  	
  Its:

  	
   

  	
  Member

  
	
   

  	
   

  	
  Date:

  	
   

  	
  January, 16, 2007

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  TENANT:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SYMYX TECHNOLOGIES, INC.,

  
	
   

  	
   

  	
  a Delaware corporation

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ Jeryl L. Hilleman

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  	
  Jeryl L. Hilleman

  
	
   

  	
   

  	
  Its:

  	
   

  	
  Executive Vice President

  
	
   

  	
   

  	
   

  	
   

  	
  and Chief Financial Officer

  
	
   

  	
   

  	
  Date:

  	
   

  	
  January 18, 2007

  
												

 

 7

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