EXHIBIT 10.14
AMENDMENT #15
AMENDMENT #15
RENEWAL/DOWNSIZE OF SUITE 230
AMENDMENT, made this 5th day of February 2002, between CORNERSTONE PROPERTIES I,
LLC, having an office at 1720 So. Amphlett Blvd., Suite 110, San Mateo,
California, 94402, "Lessor", and PERSISTENCE SOFTWARE, having an office at 1720
So. Amphlett Blvd., Suite 300 San Mateo, California, 94402, "Lessee."
WHEREAS, PERSISTENCE SOFTWARE, and BAYSHORE CORPORATE CENTER, entered into a
Master Lease dated June 21, 1991 covering Suite 250 in the Building 1700 South
Amphlett Blvd., San Mateo, California, 94402, at the rental and upon the terms
and conditions there more particularly set forth; and
WHEREAS, Lessor and Lessee are desirous of amending said Lease in the manner set
forth below.
SQUARE FOOTAGE: Lessee occupies 17,181 square feet in Suite 300 and 11,527
square feet in suite 230. Effective February 1, 2002 lessee will relinquish
11,527 in suite 230. Floor plan attached. The total leased square footage is
17,181.
LEASE TERM: The term for the above mentioned space shall be from February 1,
2002 to December 31, 2004.
RENT SCHEDULE:
February 1, 2002 - December 31, 2002 $2.25/square foot $38,657.00/month
January 1, 2003 - December 31, 2003 $2.50/square foot $42,953.00/month
January 1, 2004 - December 31, 2004 $2.75/square foot $47,248.00/month
SECURITY DEPOSIT: Prior to this Lease Amendment "Lessee" had deposited with
"Lessor" a security deposit in the amount of $1,545.00. There will be no
increase in security deposit at this time.
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TENANT IMPROVEMENT COSTS:
Paid by Lessor; none
Paid by Lessee; none
ADDITIONAL BLDG/SUITE
TENANT OCCUPIES: none
OPERATING EXPENSES: Lessee will be billed for Operating Costs and Property Taxes
at a proportionate rate of 5.16%. The base year for Operating Costs and Property
Taxes shall be 2001.
GENERAL TERMS: All other terms, covenants, provisions, and agreements of said
Lease dated June 21, 1991 and subsequent Amendments shall remain in full force.
NON-DISCLOSURE OF TERMS: Tenant acknowledges and agrees that the terms of the
Lease, this Amenment, and any other amendments to the Lease are intended to be
confidential. Disclosure of such terms could adversely affect the ability of
Landlord to negotiate other leases, amendments to leases, and impair Landlords
relationship with other tenants. Accordingly, Tenant agrees that it, and its
partners, officers, directors, members, employees, agents and attorneys, shall
not intentionally and voluntarily disclose the terms and conditions of the
Lease, this Amendment, and any other amendments to the Lease to any newspaper or
other publication or any other tenant or apparent prospective tenant of the
building in which the Premises are located or other portion of the project in
which the Premises are located, or any real estate broker or agent, either
directly or indirectly, without the prior writeen consent of Landlord; provided,
however, that Tenant may disclose such terms to the following parties on the
express condition that Tenant has obtained a written non-disclosure agreement
for the benefit of Landlord, identical to the agreement of Tenant as contained
in this paragraph, from such party: (a) any prospective subtenants or assignees
under the Lease, and (b) Tenant's real estate broker or agent.
IN WITNESS WHEREOF, this Amendment to Lease has been duly executed by the
parties hereto.
Dated: 2/7/02 Lessor: CORNERSTONE PROPERTIES I, LLC
/s/ Steve Kaufman
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By: Steve Kaufman
Dated: Feb 5, 2002 Lessee: PERSISTENCE SOFTWARE
/s/ Andrew Olding
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By: Andrew Olding
Corp Controller