Attached files

file filename
10-K/A - AMENDMENT NO.1 TO FORM 10-K - ECHELON CORPd10ka.htm
EX-31.3 - CERTIFICATE OF ECHELON CORPORATION CEO PURSUANT TO SECTION 302 - ECHELON CORPdex313.htm
EX-31.4 - CERTIFICATE OF ECHELON CORPORATION CFO PURSUANT TO SECTION 302 - ECHELON CORPdex314.htm
EX-10.13 - SECOND AMENDMENT TO BUILDING 1 LEASE AGREEMENT DATED SEPTEMBER 22, 2000 - ECHELON CORPdex1013.htm
EX-10.16 - FIRST AMENDMENT TO BUILDING 2 LEASE AGREEMENT DATED APRIL 10, 2008 - ECHELON CORPdex1016.htm
EX-10.15 - THIRD AMENDMENT TO BUILDING 1 LEASE AGREEMENT DATED APRIL 10, 2008 - ECHELON CORPdex1015.htm
EX-10.14 - BUILDING 2 LEASE AGREEMENT DATED NOVEMBER 15, 2001 - ECHELON CORPdex1014.htm
EX-10.12 - ECHELON CORPORATION COMMON STOCK PURCHASE AGREEMENT - ECHELON CORPdex1012.htm
EX-10.10 - BUILDING 1 LEASE AGREEMENT DATED DECEMBER 30, 1999 - ECHELON CORPdex1010.htm

Exhibit 10.11

FIRST AMENDMENT TO THE LEASE AGREEMENT

DATED December 30, 1999, between

Green Valley Corporation, a California Corporation (“Landlord”) and, Echelon, The

LonWorks Company, a California Corporation, (“Tenant”).

This First Amendment shall document an adjustment to the Lease dated December 30, 1999.

This First Amendment shall be effective upon Tenant’s signature, whereupon the following modifications and additions are made to the terms and conditions of the Lease referred to above:

1. Section 3 (A) of the Lease shall be amended as follows:

3. (A). Base Monthly Rent. Upon the Commencement Date and continuing throughout the Initial Lease Term, Tenant shall pay to Landlord Base Monthly Rent of $2.151 for each “Rentable Square Foot” of the Building area (“Base Monthly Rent”). For purposes of this lease the term “Rentable Square Foot” shall be defined as the “Gross Building Area” consistent with BOMA document Z65.1/1996, attached as Exhibit E, which area is computed by measuring to the outside finished surface of the Building’s outer walls without any deductions. Premised on the Rentable Square Foot measurement of the building as completed equaling 75,000 square feet, the annualized Base Monthly Rent for the Initial Term shall be:

 

Lease Year

 

Base

Rent/SF

 

Annual Base

Rent

 

Base Monthly

Rent

1

  $2.151   $1,935,895.84   $161,324.65

2

  $2.165   $1,948,272.72   $162,356.06

3

  $2.180   $1,962,220.90   $163,518.41

4

  $2.198   $1,977,787.52   $164,815.63

5

  $2.206   $1,985,021.15   $165,418.43

6

  $2.249   $2,023,971.78   $168,664.32

7

  $2.316   $2,084,690.94   $173,724.24

8

  $2.386   $2,147,231.67   $178,935.97

9

  $2.457   $2,211,648.62   $184,304.05

10

  $2.531   $2,277,998.07   $189,833.17

2. Section 3 (F) of Exhibit C of the Lease shall amended as follows:

F. Failure to Agree on Plans or Obtain Permits: If for any reason, (i) all required Permits for the Demolition are not obtained by the date for obtaining such Permits as set


forth in the Project Schedule (the “Demolition Permit Date”), or (ii) any occupant of the area affected by the Demolition has not surrendered possession of such property to the Landlord on or before October 31, 2000, then Tenant shall have remedies as set forth in the Lease.

All other terms and conditions to the Lease shall remain unchanged.

 

TENANT: Echelon, The LonWorks Company,

A California corporation

By  

/s/ Russ Harris

  Authorized Representative
Date:  

May 10, 2000

LANDLORD: Green Valley Corporation,

a California Corporation

By:  

/s/ Marianne Bacigalupi

  Marianne Bacigalupi, Senior Vice President
Date:  

May 10, 2000