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AMENDMENT NO. 5 TO REAL PROPERTY MASTER LEASE AGREEMENT

Lease Agreement

AMENDMENT NO. 5 TO REAL PROPERTY MASTER LEASE AGREEMENT | Document Parties: DDI CORP | Dynamic Details, Inc | Swenson Family Limited Partnership You are currently viewing:
This Lease Agreement involves

DDI CORP | Dynamic Details, Inc | Swenson Family Limited Partnership

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Title: AMENDMENT NO. 5 TO REAL PROPERTY MASTER LEASE AGREEMENT
Date: 7/31/2009
Industry: Electronic Instr. and Controls     Sector: Technology

AMENDMENT NO. 5 TO REAL PROPERTY MASTER LEASE AGREEMENT, Parties: ddi corp , dynamic details  inc , swenson family limited partnership
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Exhibit 10.1

AMENDMENT NO. 5 TO REAL PROPERTY

MASTER LEASE AGREEMENT

This Amendment No. 5 to Real Property Master Lease Agreement (“Amendment”) is effective May 1, 2009, supplements and amends the Real Property Master Lease Agreement dated January 1, 1996 (“Master Lease”), and is made by and between The Swenson Family Limited Partnership, a California limited partnership, assignee of James I. Swenson and Susan G. Swenson, Trustees of the Swenson Family Trust (“Lessor”), and Dynamic Details, Inc., a California corporation, formerly Details, Inc., (“Lessee”), with respect to the following:

RECITALS

A. The Master Lease has been previously amended by Amendment Number One to Real Property Master Lease Agreement (“Amendment Number One”), effective January 1, 1997, Amendment No. 2 to Real Property Master Lease Agreement (“Amendment No. 2”), effective September 15, 2003, Amendment No. 3 to Real Property Master Lease Agreement (“Amendment No. 3”), effective October 17, 2005, Amendment No. 4 to Real Property Master Lease Agreement (“Amendment No. 4”), effective September 1, 2008;

B. By Amendment No. 2 Lessor and Lessee terminated the Master Lease with respect to Parcels 1, 2, 7, and 13 subject to the Master Lease;

C. Lessee has not exercised any Purchase Option, Extension Option, or First Refusal Right contained in Sections 6, 7, and 9 of the Master Lease, the term of the Master Lease, as amended by Amendment No. 4, expires by its terms September 30, 2009, and Lessor and Lessee have determined to extend the term of the Master Lease through September 30, 2012, in accordance with this Amendment.

AGREEMENT

NOW, THEREFORE, in consideration of the mutual covenants and conditions herein, Lessor and Lessee agree as follows:

1. Term . Subject to the terms and provisions of this Amendment, the term of the Master Lease shall be extended for the period October 1, 2009 through September 30, 2012 (“Master Lease Extended Term”) with respect to the following Parcels 3, 4, 5, 6, 8, 9, 10, 11, and 12 remaining subject to the Master Lease:

 

Parcel:

  

Address:

  

  

  

3

  

1270 Lance Lane

  

  

  

4

  

1260 Lance Lane

  

  

  

5

  

1240 Lance Lane

  

  

  

 

- 1 -


6  

  

1220 Lance Lane

  

  

  

8  

  

3021 East Coronado

  

  

 
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