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:
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Parcel:
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Address:
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3
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1270 Lance Lane
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4
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1260 Lance
Lane
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5
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1240 Lance
Lane
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- 1 -
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6
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1220 Lance
Lane
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8
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3021 East Coronado
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