Exhibit 10.12
AMENDMENT NO. 3 TO
LEASE
THIS AMENDMENT NO. 3 is made and entered into this 23rd day of June, 1993, by
and between John Arrillaga
, Trustee, or his Successor Trustee UTA dated
7/20/77 ( JOHN ARRILLAGA SEPARATE PROPERTY
TRUST ) as amended, and
RICHARD T. PEERY ,
Trustee, or his Successor Trustee UTA dated 7/20/77 (
RICHARD T. PEERY SEPARATE PROPERTY
TRUST ) as amended, collectively as
Landlord, and SYNOPSYS, INC. , a Delaware
corporation, as Tenant.
RECITALS
A.
WHEREAS , by Lease
Agreement dated August 17, 1990 Landlord leased to Tenant all
of that certain 104,170± square foot building located at
700C East Middlefield Rd., Mountain View, California, the details
of which are more particularly set forth in said August 17,
1990 Lease Agreement (the "Lease"), and
B. WHEREAS , said Lease was amended
by the Commencement Letter dated April 1, 1991 which amended
the commencement date of the Lease to commence March 15, 1991
and terminate March 14, 1999, and
C. WHEREAS , said Lease was amended
by Amendment No. 1 dated June 16, 1992 to extend the
Lease term and amend Paragraphs 31 and 51, Exhibit A and the Basic Rent
schedule, and
D. WHEREAS , said Lease was amended
by Amendment No. 2 dated March 22, 1993 to extend the
Lease Term and amend the Basic Rent Schedule, and
E. WHEREAS , it is now the desire of
the parties hereto to amend the Lease by extending the Term of the
Lease to be co-terminous with the term of the Lease Agreement dated
June 23, 1993 for premises located at 700A Middlefield
Road, Mountain View, California, which extension is projected to be
two years, amending the Basic Rent schedule, and replacing
Paragraph 47 Parking
, as hereinafter set forth.
AGREEMENT
NOW THEREFORE , for
valuable consideration, receipt of which is hereby acknowledged,
and in consideration of the hereinafter mutual promises, the
parties hereto do agree as follows:
1. TERM
OF LEASE. Subject
to Paragraph 2 below, it is agreed between the parties that
the term of this Lease shall be extended for an additional two year
period, from January 1, 2001 to December 31,
2002.
2. LEASE
TERMS CO-TERMINOUS. It is acknowledged that
(i) concurrently with the execution of this Amendment
No. 3, Landlord and Tenant are also executing a lease dated
June 23, 1993 affecting adjacent property located at 700A
Middlefield Road, Mountain View, California, and (ii) it is
the intention of the parties that the term of said Lease Agreement
dated August 17, 1990 be co-terminous with the term of Lease
Agreement dated June 23, 1993, such that the terms of Lease
Agreement dated June 23, 1993 and Lease Agreement dated
August 17, 1990 expire on the same date. Therefore, it is
acknowledged that the implementation of this paragraph shall result
in an extension of the term of Lease Agreement dated
August 17, 1990, in which event Tenant's monthly Basic Rent
shall increase at the rate of $.05 per square foot on
January 1, 2001 and shall remain at that rate thereafter
including any extensions in the Lease terms as provided in
Paragraph 3 herein. As soon as the commencement date of Lease
Agreement dated June 23, 1993 has been determined following
completion of improvements and satisfaction of other appropriate
conditions, the parties shall execute, if necessary, an amendment
to Lease Agreement dated August 17, 1990 establishing the
applicable termination date of said lease in accordance with the
foregoing provisions of this paragraph.
3. FUTURE
AMENDMENT TO LEASE TERM AND BASIC RENT SCHEDULE.
It is agreed and understood
that the term of this Lease may be amended, or further extended and
the Basic Rent Schedule
amended: (i) once the commencement date on
the second floor of the premises leased under the June 23,
1993 lease is determined, said Lease term shall be extended for a
period of eight years from sai
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