THIS AMENDMENT NO. 2 TO LEASE ("Amendment No. 2") is made to be effective as of January 7, 2003 ("Effective Date"), by and between CALIFORNIA PLAZA AT WALNUT CREEK, INC., a Florida not-for-profit corporation ("Landlord"), and ELECTRONIC ARTS, INC., a Delaware corporation ("Tenant"). All terms and phrases which are capitalized in this Amendment No. 2 shall have the same meaning and definition as those set forth in the Lease unless otherwise stated in this Amendment No.2.
RECITALS
A. Landlord and Tenant entered into that certain Office Lease dated February 1, 2001, pursuant to which Tenant leased Suite 600 and Suite 700 in that certain office building ("Building") located at 2121 North California Boulevard, Walnut Creek, California 94956 and commonly known and referred to as CALIFORNIA PLAZA. The Lease is amended by that certain Amendment No. 1 to Lease dated May 20, 2002 (together, "Lease"), pursuant to which Tenant leased Suite 685 in the Building. Suites 600, 700 and 685 are hereinafter referred to as the "Premises."
B. Tenant desires to expand the Premises to include approximately eighteen thousand five hundred twenty-five (18,525) rent able square feet of space on the fourth (4th) floor ("Suite 400") in the Building. C. Subject to the terms and conditions set forth below, Landlord and Tenant have agreed to amend the Lease as follows.
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the undersigned hereby agree as follows:
1. Recitals. The foregoing Recitals are incorporated by reference as if fully set forth herein.
2. Amendment of Lease. Landlord and Tenant hereby amend the Lease as follows:
2.1 Lease of Suite 400. New Article 30 entitled "Lease of Suite 400" is hereby added to the Lease:
30.01Lease of Suite 400.Landlord hereby leases to Tenant and Tenant |
hereby leases from Landlord Suite 400 for a term ("Suite 400 Initial |
Term") commencing on January 20, 2003 ("Scheduled Suite 400 |
Commencement Date") and expiring on January 31, 2004 ("Suite 400 |
Expiration Date"). As used herein, the term "Suite 400 |
"Commencement Date" shall mean and refer to the actual date |
Landlord delivers and Tenant accepts possession of Suite 400. |
2.2 Amendment of Article 1-DEFINITIONS.
2.2.1 Premises. The following new Section 1.02 (B) is added to the Lease:
(B) Effective on the Suite 400 Commencement Date and during the Suite 400 Initial Term, the term "Premises" shall mean Suites 600, 700, 685 and 400, and the floor plan attached as Exhibit "A-1" to the Lease shall be deemed replaced in its entirety by the floor plan attached as and incorporated herein by this reference as Exhibit "A-2" to this Amendment No. 2.
2.2.2 Net Rent able Area of the Premises. The following new Section 1.03 (D) is hereby added to the Lease:
Effective on the Suite 400 Commencement Date and during the Suite 400 Initial Term, the phrase "Net Rent able Area of the Premises" shall mean a total of one hundred one thousand one hundred fifty-seven (101,157) rent able square feet as follows: (i) Suite 600, which consists of forty- two thousand three hundred ninety-eight (42,398) rent able square feet, (ii) Suite 700, which consists of thirty-six thousand eight hundred thirty-four (36,834) rent able square feet, (iii) Suite 685, which consists of three thousand four hundred (3,400) rent able square feet; and (iv) Suite 400, which consists of eighteen thousand five hundred twenty- five (18,525) rent able square feet.
2.2.3 Base Rent. Section 1.07 is hereby amended so that Monthly Base Rent shall be as follows, effective on the Suite 400 Commencement Date:
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TOTAL |
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Base Rent |
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Base Rent |
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Base Rent |
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Base Rent |
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Monthly |
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Base Rent |
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Suite 600 |
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Suite 700 |
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Suite 685 |
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Suite 400 |
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Second Lease Year |
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1/1/03-1/31/03 |
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$ |
141,185.34 |
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$ |
127,563.51 |
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$ |
10,710.00 |
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$ |
48.165.00 |
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$ |
327,623.85 |
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Third Lease Year |
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2/01/03-5/31/03 |
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$ |
146.832.75 |
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$ |
132,666.05 |
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$ |
10,710.00 |
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$ |
48,165.00 |
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$ |
338,373.80 |
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6/01/03- 1/31/04 |
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$ |
146.832.75 |
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$ |
132,666.05 |
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$ |
11,031.30 |
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$ |
48,165.00 |
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$ |
338,373.80 |
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Fourth Lease Year |
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2/01/04-5/31/04 |
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$ |
152,706.06 |
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$ |
137,972.69 |
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$ |
11,031.30 |
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$ |
301,710.05 |
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6/01/04- 6/30/05 |
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$ |
152,706.06 |
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$ |
137,972.69 |
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$ |
11,362.24 |
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$ |
302,040.99 |
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7/01/04- 1/31/05 |
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$ |
152,706.06 |
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$ |
137,972.69 |
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$ |
11,362.24 |
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$ |
302,040.99 |
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Fifth Lease Year |
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2/01/05-5/31/05 |
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$ |
158,814.31 |
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$ |
143,491.59 |
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$ |
11,362.24 |
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$ |
313,668.14 |
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6/01/05-1/31/06 |
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$ |
158,814.31 |
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$ |
143,491.59 |
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$ |
11,703.11 |
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$ |
314,009.01 |
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Sixth Lease Year |
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2/01/06-5/31/06 |
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$ |
165,166.88 |
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$ |
149.231.25 |
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$ |
11,703.11 |
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$ |
326,101.24 |
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6/01/06- 1/31/07 |
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$ |
165,166.88 |
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$ |
149.231.25 |
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$ |
12,054.20 |
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$ |
326,452.33 |
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Seventh Lease |
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Year |
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2/01/07-5/31/07 |
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$ |
171,773.55 |
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$ |
155,200.50 |
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$ |
12,054.20 |
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$ |
339,028.25 |
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6/01/07- 1/31/08 |
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$ |
171,773.55 |
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$ |
155,200.50 |
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$ |
12,415.83 |
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$ |
339,389.88 |
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Eighth Lease Year |
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2/01/08- 5/31/08 |
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$ |
178,644.50 |
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$ |
161,408.52 |
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$ |
12,415.83 |
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$ |
352,468.85 |
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6/01/08- 1/31/09 |
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$ |
178,644.50 |
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$ |
161,408.52 |
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$ |
12,788.30 |
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$ |
352,841.32 |
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