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EXHIBIT 10.1 FOURTH AMENDMENT TO OFFICE LEASE

Office Lease Agreement

EXHIBIT 10.1 FOURTH AMENDMENT TO OFFICE LEASE | Document Parties: IXIA | Malibu Canyon Office Partners, LLC You are currently viewing:
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IXIA | Malibu Canyon Office Partners, LLC

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Title: EXHIBIT 10.1 FOURTH AMENDMENT TO OFFICE LEASE
Date: 12/6/2005
Industry: Electronic Instr. and Controls     Sector: Technology

EXHIBIT 10.1 FOURTH AMENDMENT TO OFFICE LEASE, Parties: ixia , malibu canyon office partners  llc
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Exhibit 10.1

FOURTH AMENDMENT TO OFFICE LEASE

          THIS FOURTH AMENDMENT TO OFFICE LEASE (“ Amendment ”), effective October 27, 2005 (the “ Effective Date ”), is entered into by and between Malibu Canyon Office Partners, LLC, a California limited liability company (“ Landlord ”), and Ixia, a California corporation (formerly known as Ixia Communications, Inc., a California corporation) (“ Tenant ”), with reference to the following facts:

R E C I T A L S

A.

 

Landlord and Tenant previously executed that certain Office Lease dated November 5, 1999 (the “ Original Lease ”) pursuant to which Tenant leased from Landlord certain Premises comprising a portion of the Building commonly known as Building Two, 26601 W. Agoura Road, Calabasas, CA 91302 (the “ Original Premises ”);

 

 

 

B.

 

Landlord and Tenant previously executed that certain First Amendment to Office Lease dated March 22, 2000 (the “ First Amendment ”) pursuant to which Landlord and Tenant expanded the Original Premises under the Lease to include the entirety of Building Two;

 

 

 

C.

 

Landlord and Tenant previously executed that certain Second Amendment to Office Lease dated May 8, 2003 (the “ Second Amendment ”) pursuant to which Landlord and Tenant further expanded the Original Premises under the Lease to include approximately thirteen thousand four hundred forty-five (13,445) square feet of Rentable Area commonly known as Building “A”, 26701 W. Agoura Road, Calabasas, CA.

 

 

 

D.

 

Landlord and Tenant previously executed that certain Third Amendment to Office Lease dated September 2004 (the “ Third Amendment ”) pursuant to which Landlord and Tenant further expanded the Original Premises under the Lease to include approximately eight thousand one hundred sixty-seven (8,167) square feet of Rentable Area, which was the remainder of the space not leased by Tenant in Building “A”, 26701 W. Agoura Road, Calabasas, CA.(the “ Original Lease ”, the “ First Amendment ”, the “ Second Amendment ” and the “ Third Amendment ” are sometimes collectively referred to herein as the “ Lease ”; the “ Original Premises ” as expanded pursuant to the First Amendment, the Second Amendment and the Third Amendment, is sometimes referred to as the “ Premises ”);

 

 

 

E.

 

Tenant desires to further expand the Premises under the Lease to include additional space in another building in the Project, which building is commonly known as Building “C”, 26677 W. Agoura Road, Calabasas, California, and Landlord is willing to lease such additional space to Tenant subject to and as provided for in this Amendment; and

 

 

 

F.

 

Landlord and Tenant desire to modify the Lease as provided in this Amendment,

          NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows:

A G R E E M E N T

1.

 

Fourth Expansion Premises . From and after the “ Fourth Expansion Premises Commencement Date” (as defined in Section 2 below), the “ Premises ” leased to Tenant pursuant to the Lease shall for all purposes be deemed to also include that certain space (the

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Fourth Expansion Premises” ) located on the first (1 st ) floor of Building “C”, which space is commonly known as 26677 W. Agoura Road, Suite 101, Calabasas, California, as more particularly shown in Exhibit “A” attached hereto and incorporated by this reference herein. The Fourth Expansion Premises is agreed by the parties to contain twelve thousand five hundred twelve (12,512) square feet of Rentable Area, notwithstanding any deviation therefrom. The entire Premises is agreed by the parties to contain a total of eighty-four thousand one hundred twenty-four (84,124) square feet of Rentable Area (notwithstanding any deviation therefrom), which is comprised of fifty thousand (50,000) square feet, and the entirety of, Building Two, twenty-one thousand six hundred twelve (21,612) square feet in, and the entirety of, Building “A”, and twelve thousand five hundred twelve (12,512) in Building “C”. References to the “Building” contained in the Lease shall pertain to the either or all of Building Two, Building “A” and/or Building “C”, as the context requires.

 

 

 

2.

 

Fourth Expansion Premises Commencement Date . The term of Tenant’s lease of the Fourth Expansion Premises shall commence on November 1, 2005 (the “ Fourth Expansion Premises Commencement Date ”), and shall expire on January 31, 2009 (the “ Fourth Expansion Premises Expiration Date ”) (the period beginning on the Fourth Expansion Premises Commencement Date and ending on the Fourth Expansion Premises Expiration Date is referred to herein as the “ Fourth Expansion Premises Term ”), unless earlier terminated pursuant to the provisions of the Lease. The Tenant shall vacate the Fourth Expansion Premises on or before the Fourth Expansion Premises Expiration Date on the terms and conditions set forth in the Lease. Tenant acknowledges that the scheduled Fourth Expansion Premises Expiration Date and the scheduled expiration date of the term of the lease for the remainder of the Premises are scheduled to occur on different dates.

 

 

 

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