EXHIBIT 10.73
THIRD AMENDMENT TO CUPERTINO CITY CENTER NET
OFFICE LEASE
THIS THIRD AMENDMENT TO CUPERTINO CITY CENTER
NET OFFICE LEASE (this “Third Amendment”) is made and
entered into as of this _11th__ day of _July_, 2008 (the
“Effective Date”) by and between CUPERTINO CITY CENTER
BUILDINGS, a California limited partnership (“Lessor”),
and CHORDIANT SOFTWARE, INC., a Delaware corporation
(“Lessee”).
RECITALS :
A.
Lessor and Lessee entered into that
certain Cupertino City Center Net Office Lease dated June 19, 1998
(the “Original Lease”), as amended by that certain
First Amendment to Cupertino City Center Net Office Lease dated
December 31, 2003 (the “First Amendment”), as amended
by that certain Second Amendment to Cupertino City Center Net
Office Lease dated March 10, 2006 (the “Second
Amendment”, and together with the Original Lease and the
First Amendment, the “Lease”), pursuant to which Lessor
leased to Lessee certain premises (as more particularly described
in the Lease), consisting of approximately twenty-four thousand
nine hundred sixty-two (24,962) rentable square feet and more
commonly known as 20400 Stevens Creek Boulevard, Suite 400,
Cupertino, California (the “Premises”). All
initial capitalized terms used herein but not herein defined shall
have the meaning ascribed to such terms in the Lease.
B. Lessor
and Lessee now desire to enter into this Third Amendment to
memorialize the Base Rent in connection with Lessee’s
exercise of its option to extend the Term of the Lease, and to
otherwise amend the Lease on terms and conditions set forth in this
Third Amendment.
NOW, THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which is hereby
acknowledged, Lessor and Lessee hereby agree as follows:
1.
INCORPORATION OF RECITALS . The recitals
expressed in A and B above are true and correct, incorporated
herein and made a part of this Third Amendment by this
reference.
2.
AMENDMENTS . Commencing on the Effective Date,
the Lease shall be amended as follows:
a. Lessor
and Lessee hereby acknowledge and agree that Lessee has exercised
its option to extend the Term of the Lease pursuant to Section 2.f.
of the First Amendment. Therefore, the Term of the
Lease, which was previously scheduled to expire on December 31,
2008, is hereby extended such that the Term shall expire on
December 31, 2013 (the sixty (60) month period commencing on
January 1, 2009 and expiring on December 31, 2013 shall be referred
to herein as the “Extension Term”).
b. Notwithstanding
the provisions of Article 3.b. of the Original Lease and Section
2.f. of the First Amendment to the contrary, the Base Rent during
the Extension Term shall be as follows:
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Base Rent Per Month
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Base Rent
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Per SF of Rentable Area
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Per Month
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January 1, 2009 – December 31,
2009
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$3.10
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$ 77,382.20
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January 1, 2010 – December 31,
2010
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$3.19
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$ 79,628.78
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January 1, 2011 – December 31,
2011
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$3.29
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$ 82,124.98
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January 1, 2012 – December 31,
2012
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$3.39
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$ 84,621.18
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January 1, 2013 – December 31,
2013
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$3.49
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$ 87,117.38
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c. Section
2.c. of the First Amendment, which previously converted the Lease
from a “triple net” lease to a “full
service” lease, is hereby deleted in its entirety, and the
original five (5) paragraphs of Article 7.b. of the Original Lease
are hereby reinstated in their entirety such that the Lease shall
be converted back to a “triple net” lease.
d. Article
1.l. shall be amended to provide that notices to Lessor shall be
delivered to the following:
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Lessor:
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c/o Prometheus Real Estate Group,
Inc.
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1900 South Norfolk Street,
Suite 150
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San Mateo, CA 94403
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Attn: Executive Vice
President
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Telephone No.: (650)
931-3400
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Fax
No.: (650) 931-3600
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with a concurrent copy to:
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c/o Prometheus Real Estate Group,
Inc.
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1900 South Norfolk Street,
Suite 150
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San Mateo, CA 94403
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Attn: Chief Financial
Officer
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Telephone No.: (650)
931-3400
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Fax
No.: (650) 931-3600
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and with a concurrent copy to the
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Project Management Office at:
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20400 Stevens Creek Boulevard, Suite
245
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Cupertino, California 95014
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Attn: Property Manager
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Telephone No.: (408)
873-0121
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Fax No.: (408) 873-0122
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e.
Option to Extend . Lessee shall have the option
to further extend the Term of the Lease for one (1) period of sixty
(60) months, commencing immediately following the expiration of the
Extension Term, on the terms and conditions set forth in Article
3.b. of the Original Lease; provided, however, that (i) Lessee
shall deliver the Option Notice no more than twelve (12) months but
no less than nine (9) months before the expiration of the current
Term (as extended by this Third Amendme
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