EXHIBIT 10.24
FIRST AMENDMENT TO LEASE
THIS
FIRST AMENDMENT TO LEASE (this “Amendment”) is made and
entered into as of January 12, 2007, by and between SILICON
VALLEY CA-I, LLC, a Delaware Limited liability company
(“Landlord”), and INTERWOVEN, INC., a Delaware
corporation (“Tenant”).
RECITALS
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Landlord and Tenant are parties to that
certain Lease, dated December 18, 2006 (the
“Lease”). Pursuant to the Lease, Landlord has leased to
Tenant space currently containing approximately 110,000 rentable
square feet (the “Premises”) described as the building
located at 160 E. Tasman, San Jose, California (the
“Building”).
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| B. |
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Tenant and Landlord mutually desire that the
Lease be amended on and subject to the following terms and
conditions.
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NOW, THEREFORE, in consideration of
the mutual covenants and agreements herein contained and other good
and. valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, Landlord and Tenant agree as
follows:
| 1. |
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Amendment. Effective as of the
date hereof (unless different effective date(s) is/are specifically
referenced in this Section), Landlord and Tenant agree that the
Lease shall be amended in accordance with the following terms and
conditions:
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1.1 |
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The definition of “Delivery Date”
set forth on page iii of the Reference. Pages of the Lease is
hereby deleted in its entirety and replaced with the following:
“March 1, 2007.”
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1.2 |
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The first sentence of Section 2.3 of the
Lease is hereby deleted in its entirety and replaced with the
following:
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“Subject to the terms of this
Section 2.3 and provided that Tenant has executed the Early
Possession Agreement (as defined below), Landlord grants Tenant the
right to enter the Premises any time after the Delivery Date, at
Tenant’s sole risk, for business purposes or any other
purpose permitted herein (e.g. for the purpose, of constructing the
Initial Alterations described on Exhibit B attached
hereto and installing telecommunications and data cabling
(“Tenant’s Cabling”), and installing the
following property (collectively, “Tenant’s Personal
Property”): equipment, cubicles, furnishings and other
personalty, including, without limitation, technology, computers,
art, signage, equipment, office supplies, soft furnishings, and
decor.”
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1.3 |
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In addition to the early entry described in
Section 1.2 above, subject to the terms of this
Section 1.3, Landlord grants Tenant the right to periodically
enter the Premises during normal business hours prior to the
Delivery Date, at Tenant’s sole risk, for the purpose of
taking measurements, inspecting, and testing fixtures and systems
in preparation ‘for Tenant’s occupancy of the Premises,
provided that (a) Tenant has obtained Landlord’s prior
approval prior to each entry, (b) Tenant returns keys to the
Premises promptly following such entry (and in any event no. later
than 5:00 p.m.. Pacific Standard Time on each day that Tenant
enters the Premises pursuant to this Section), and (c) if
Landlord so elects, Landlord may accompany Tenant during such
entry. Such entry prior to the
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Delivery Date shall be subject to all of the
terms and conditions of the Lease, as amended hereby, except that
Tenant shall not be required to pay Monthly Installment of Rent or
Tenant’s Proportionate Share of Expenses and Taxes with
respect to the period of time prior to the Delivery Date. Said
early entry shall not advance the Termination
Date.
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1.4 |
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N
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