SEC Contract Filing

Filing Date: 2015-02-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.30
<SEQUENCE>5
<FILENAME>masi-20150103x10kex1030.htm
<DESCRIPTION>AMENDMENT NO. 3 TO THE NOVEMBER 1, 2009 LEASE AGREEMENT, 40 PARKER
<TEXT>
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<a name="s89a2053bd87d49cbb206018ade673c41"></a><div></div><br><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.30</font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:19pt;"><font style="font-family:inherit;font-size:19pt;color:#030303;font-weight:bold;">AMENDMENT NO. 3 TO LEASE AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:19pt;"><font style="font-family:inherit;font-size:19pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;color:#030303;">THIS AMENDMENT NO. 3 TO LEASE is made and entered into as of July 24, 2014 by and between THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY, a Wisconsin corporation (&#8220;Lessor&#8221;), and MASIMO CORPORATION, a Delaware corporation (&#8220;Lessee&#8221;), with respect to the following facts:</font></div><div style="line-height:120%;padding-top:17px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;color:#030303;">RECITALS</font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;color:#030303;">A. Lessor and Lessee have heretofore made and entered into Industrial/Commercial Single-Tenant Lease - Modified Net, dated</font><font style="font-family:inherit;font-size:11pt;color:#151515;">, </font><font style="font-family:inherit;font-size:11pt;color:#030303;">as amended by that certain Amendment No.1, dated November 12, 2009, and that certain Amendment to Lease Agreements dated August 29</font><font style="font-family:inherit;font-size:11pt;color:#242c55;">, </font><font style="font-family:inherit;font-size:11pt;color:#030303;">2012 (the &#8220;</font><font style="font-family:inherit;font-size:11pt;color:#151515;">Lease</font><font style="font-family:inherit;font-size:11pt;color:#030303;">&#8221;</font><font style="font-family:inherit;font-size:11pt;color:#151515;">), </font><font style="font-family:inherit;font-size:11pt;color:#030303;">with respect to those certain Premises located at 40 Parker, Irvine, California.</font></div><div style="line-height:120%;text-align:center;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;color:#384b9d;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;color:#030303;">B. Lessee has informed Lessor that Lessee desires to extend the Term of said Lease, and Lessor has agreed to such extension on the terms and conditions set forth herein.</font></div><div style="line-height:120%;padding-top:17px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;color:#030303;">TERMS AND CONDITIONS</font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;color:#030303;">NOW THEREFORE, in consideration of the foregoing recitals, the mutual covenants contained herein, and other good and valuable consideration, receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:</font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;color:#030303;">1. </font><font style="font-family:inherit;font-size:11pt;color:#030303;font-weight:bold;text-decoration:underline;">Extension of Lease Term; Premises &#8220;AS-IS&#8221;</font><font style="font-family:inherit;font-size:11pt;color:#030303;font-weight:bold;">. </font><font style="font-family:inherit;font-size:11pt;color:#030303;">Lessor and Lessee agree that Paragraph 1.3 of the Lease shall be amended effective as of the date hereof by extending the Term of the Lease five (5) years commencing December 1, 2014, and expiring November 30, 2019 (the &#8220;</font><font style="font-family:inherit;font-size:11pt;color:#151515;">Extended </font><font style="font-family:inherit;font-size:11pt;color:#030303;">Term&#8221;). Lessee shall accept the Premises at the commencement of the Extended Term </font><font style="font-family:inherit;font-size:11pt;color:#151515;">in </font><font style="font-family:inherit;font-size:11pt;color:#030303;">its &#8220;As-Is&#8221; condition.</font></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;color:#030303;">2.</font><font style="font-family:inherit;font-size:11pt;color:#030303;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:11pt;color:#030303;font-weight:bold;text-decoration:underline;">Extended Term Base Rent</font><font style="font-family:inherit;font-size:11pt;color:#030303;font-weight:bold;">.</font><font style="font-family:inherit;font-size:11pt;color:#030303;">&#32;Monthly Base Rent during the Extended Term shall be adjusted at the times and to the amounts set forth below:</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-fami