Exhibit 10.7
OFFICE LEASE
49 STEVENSON
STREET
SAN FRANCISCO,
CALIFORNIA
BASIC LEASE
INFORMATION
Date: July 28, 2005
Landlord: OP&F Stevenson Street Corporation,
a California corporation
Tenant: Lionbridge U.S., Inc., a Delaware
corporation
Premises (Section 1.1): Suite 1400,
approximately 7,721 rentable square feet located on the fourteen
(14 th ) floor of the
Building.
Term (Section 2.1): One (1) year
Commencement Date (Section
2.1): August 1, 2005
Expiration Date (Section 2.1): One (1) year
from the Commencement Date, unless sooner terminated or extended as
provided in the Lease.
Base Rent (Section 3.1 (a)):
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(a)
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The Rent
Commencement Date through the
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$
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204,606.50
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annual
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Expiration
Date
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$
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17,050.54
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monthly
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Base Expanse Year (Section 3.1(b)):
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2005
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Base Tax Year (Section 3.l(c)):
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2005
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Tenant’s Percentage Share (Section 4.1):
6.37%, based on the rentable square footage of the Premises as
being 7,721 rsf, and on the rentable square footage of the Building
as being 121,179 rsf.
Permitted Use (Section 6.1): General office use
and, subject to the terms of the Lease, uses incidental thereto
that are in keeping with the character of the Building as a quality
high-rise downtown office building.
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Liability Insurance (Section 11.1):
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$2,000,000
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Deposit (Section 22.1):
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$17,050.54
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OP&F-Lionbridge/Office Lease
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i
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Landlord’s Address (Section
24.1):
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OP&F Stevenson Street Corporation
RREEF as agent for OP&F Stevenson
49 Stevenson Street, Suite 460
San Francisco, California 94105
Attn: Lisa Vogel
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With a copy
(which shall not constitute notice) to:
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Cathy L. Croshaw, Esq.
Luce, Forward, Hamilton & Scripps,
LLP
121 Spear Street, Suite 200
San Francisco, California
94105
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Notices to
Manager:
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RREEF as agent
for OP&F Stevenson
49 Stevenson Street, Suite 460
San Francisco, California 94105
Attn: Property Manager
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Tenant’s
Address (Section 24.1):
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Lionbridge U.S., Inc.
49 Stevenson Street, Suite 1400
San Francisco, California 94105
Attn:
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With a copy
to:
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Lionbridge Technologies, Inc.
1050 Winter Street, Suite 2300
Waltham, Massachusetts 02451
Attn: Mark Branciforte
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Real Estate
Broker(s) (Section 25.5):
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Landlord’s Broker:
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Cushman & Wakefield of California
One Maritime Plaza
San Francisco, California
94111
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Tenant’s
Broker:
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Grubb & Ellis
255 California Street, 14
th
Floor
San Francisco, California
94111
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Guarantor:
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Lionbridge
Technologies, Inc., a Delaware corporation will guaranty
Tenant’s obligations under this Lease pursuant to separate
written guaranty agreement to be executed concurrently with this
Lease.
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OP&F-Lionbridge/Office Lease
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The foregoing Basic Lease Information is
incorporated in and made a part of the Lease to which it is
attached. If there is any conflict between the Basic Lease
Information and the Lease, the Lease shall control.
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LANDLORD:
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TENANT:
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OP&F STEVENSON STREET
CORPORATION
a California
corporation
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LIONBRIDGE U.S., INC., a
Delaware
corporation
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By:
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RREEF MANAGEMENT
COMPANY,
a Delaware
corporation, its
Manager
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By:
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