Exhibit
10.15
AMENDMENT NO. 3
TO LEASE
THIS AMENDMENT NO. 3 is made and entered into this fourth day of October, 1995, by
and between JOHN ARRILLAGA
, Trustee, or his Successor Trustee UTA dated
7/20/77 ( ARRILLAGA FAMILY
TRUST ) as amended (previously known as
the JOHN ARRILLAGA SEPARATE PROPERTY
TRUST ), 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 June 16, 1992,
Landlord leased to Tenant all of that certain 104,170±
square foot building located at 700B East Middlefield Rd., Mountain
View, California, the details of which are more particularly set
forth in said June 16, 1992 Lease Agreement (the "
Lease "),
and
B. WHEREAS
, said Lease was amended by the Commencement Letter
dated March 9, 1993 which amended the Commencement Date of the
Lease to commence December 21, 1992 and terminate
December 31, 2000, and
C. WHEREAS
, said Lease was amended by Amendment No. 1
dated June 23, 1993 which: (i) established
December 21, 1993 as the Commencement Date for the second
floor space; (ii) extended the Term of the Lease through
December 31, 2002 to be co-terminus with the projected term of
the Lease Agreement dated June 23, 1993 for premises located
at 700A Middlefield Road, Mountain View, California;
(iii) amended the Basic Rent schedule; (iv) replaced
Paragraph 46 (" Parking "); and
(v) established June 1, 1993 as the Commencement Date for
the payment of Additional Rent expenses for 100% of the building,
and
D. WHEREAS
, said Lease was amended by Amendment No. 2
dated November 4, 1994 which: (i) extended the Term of
the Lease through February 28, 2003 to be co-terminus with the
extended Termination Date of the Lease Agreement dated
June 23, 1993 for premises located at 700A Middlefield Road,
Mountain View, California; and (ii) amended the Basic Rent
schedule and the Aggregate Rent of the Lease accordingly,
and
E. WHEREAS
, it is now the desire of the parties hereto to
amend the Lease by: (i) amending (a) Amendment No. 1
Paragraph 3 (" Lease Terms
Co-Terminus ") and (b) Lease
Paragraph 49 (" Cross
Default "), to include reference to
Tenant's other lease agreements with Landlord dated August 17,
1990, June 23, 1993, and August 24, 1995 for premises
respectively located at 700C and 700A East Middlefield Road,
Mountain View, California and 1101 West Maude Avenue, Sunnyvale,
California; (ii) amending Lease Paragraph 52.B. ("
Structural Capital Costs Regulated by
Governmental Agencies under the Commencement of this Lease Not
Caused by Tenant or Tenant's Uses or Remodeling of the
Premises ") to correct an error
disclosed by a recent audit of said Lease which requires the
deletion of the reference to the last four (4) years of the
Lease Term as a factor in calculating Tenant's cash contribution
towards the cost of said capital improvements;
(iii) establishing Tenant's temporary driveway rights to
adjacent property leased by Tenant at 1101 West Maude Avenue,
Mountain View, California; and (iv) replacing
Exhibit A to said
Lease as hereinafter set forth.
1
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. Amendment to Lease Paragraph 50
and Lease Amendment No. 1 Paragraph 3 ("Lease Terms
Co-Terminus"). The aforementioned Paragraphs are
hereby amended by the parties hereto to include the
following:
-
-
"It is understood that Landlord and Tenant have
three other leases dated August 17, 1990, June 23, 1993,
and August 24, 1995 for premises respectively located at 700C
and 700A East Middlefield Road, Mountain View, California and 1101
West Maude Avenue, Sunnyvale, California (" Other Leases "). It is
acknowledged that it is t
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