SEC Contract Filing

Filing Date: 2020-02-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.20
<SEQUENCE>5
<FILENAME>rng-20191231xex1020.htm
<DESCRIPTION>EXHIBIT 10.20
<TEXT>
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<div><a name="sd8268097d07949a0a3ad9482f694a35f"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.20</font></div><div style="line-height:120%;text-align:right;font-size:6pt;"><font style="font-family:Arial;font-size:6pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SECOND AMENDMENT TO LEASE</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">THIS SECOND AMENDMENT TO LEASE</font><font style="font-family:inherit;font-size:10pt;">&#32;(this &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Second Amendment</font><font style="font-family:inherit;font-size:10pt;">&#8221;) dated as of August ___, 2019 (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Effective Date</font><font style="font-family:inherit;font-size:10pt;">&#8221;) is entered into by and between </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">TG BROTHERS, LLC</font><font style="font-family:inherit;font-size:10pt;">, a California limited liability company (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Landlord</font><font style="font-family:inherit;font-size:10pt;">&#8221;) and </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RINGCENTRAL, INC.</font><font style="font-family:inherit;font-size:10pt;">,</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#32;</font><font style="font-family:inherit;font-size:10pt;">a Delaware corporation (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Tenant</font><font style="font-family:inherit;font-size:10pt;">&#8221;) with reference to the following:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">R E C I T A L S</font></div><div style="line-height:120%;padding-left:48px;padding-bottom:8px;text-align:justify;"><font style="padding-bottom:8px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:48px;">A.</font><font style="font-family:inherit;font-size:10pt;">Landlord and Tenant are parties to that certain Commercial Lease Agreement (C.A.R. Form CL, revised 12/15) dated for reference purposes only May 17, 2017 (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Original Lease</font><font style="font-family:inherit;font-size:10pt;">&#8221;), as amended by that certain First Amendment to Lease dated as of February [__], 2018 (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">First Amendment&#8221;),</font><font style="font-family:inherit;font-size:10pt;">&#32;hereafter collectively referred to as the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Lease</font><font style="font-family:inherit;font-size:10pt;">&#8221;. Pursuant to the Lease, Tenant currently leases from Landlord that certain building located at 19 Davis Drive, Belmont, California (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Building</font><font style="font-family:inherit;font-size:10pt;">&#8221;), as more particularly described in the Lease (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Premises</font><font style="font-family:inherit;font-size:10pt;">&#8221;).</font></div><div style="line-height:120%;padding-left:48px;padding-bottom:8px;text-align:justify;"><font style="padding-bottom:8px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:48px;">B.</font><font style="font-family:inherit;font-size:10pt;">The term of the Lease is scheduled to expire on July 31, 2021 as indicated in Paragraph 2A of the Original Lease.</font></div><div style="line-height:120%;padding-left:48px;padding-bottom:8px;text-align:justify;"><font style="padding-bottom:8px;text-align:justify;font-family:inherit;font-size:10pt;font-weight:bold;padding-right:48px;">C.</font><font style="font-family:inherit;font-size:10pt;">The parties desire to amend the Lease in order to extend the term of the Lease and otherwise modify the Lease pursuant to the terms and conditions set forth below.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">A G R E E M E N T</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOW, THEREFORE,</font><font style="font-family:inherit;font-size:10pt;">&#32;in consideration of the above Recitals and for other good and valuable consideration, the receipt and sufficiency of whic