Lease Agreement (2006)Full Document 

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LEASE AGREEMENT

Between

THE FUND VIII AND FUND IX JOINT VENTURE,

a Georgia Joint Venture

as Landlord

And

FLEXTRONICS INTERNATIONAL USA, INC.

a California corporation,

as Tenant

Dated: November 15, 2005


TABLE OF CONTENTS

LEASE AGREEMENT

 

No.  

Description

   Page
1.   Premises    2
2.   Lease Term    2
3.   Base Rent    3
4.   Rent Payment    4
5.   Late Charge    4
6.   Partial Payment    4
7.   Construction of this Agreement    4
8.   Use of Premises    5
9.   Definitions    6
10.   Repairs By Landlord    6
11.   Repairs By Tenant    6
12.   Alterations and Improvements    7
13.   Operating Expenses    8
14.   Landlord’s Failure to Give Possession    13
15.   Acceptance and Waiver    13
16.   Signs    13
17.   Advertising    14
18.   Removal of Fixtures    14
19.   Entering Premises    14
20.   Services    15
21.   Indemnities    15
22.   Tenant’s Insurance; Waivers    16
23.   Governmental Requirements    18
24.   Abandonment of Premises    19
25.   Assignment and Subletting    19
26.   Default    21
27.   Remedies    21
28.   Destruction or Damage    22
29.   Eminent Domain    23
30.   Service of Notice    24
31.   Mortgagee’s Rights    24
32.   Tenant’s Estoppel    25
33.   Attorney’s Fees and Homestead    25
34.   Parking    25
35.   Storage    26
36.   Waste Disposal    26
37.   Surrender of Premises    26
38.   Cleaning Premises    27

 

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39.   No Estate In Land    27
40.   Cumulative Rights    27
41.   Paragraph Titles; Severability    27
42.   Damage or Theft of Personal Property    27
43.   Holding Over    27
44.   Security Deposit    28
45.   Tenant Finishes    28
46.   Rules and Regulations    28
47.   Quiet Enjoyment    29
48.   Entire Agreement    29
49.   Limitation of Liability    29
50.   Submission of Agreement    29
51.   Authority    29
52.   Intentionally Omitted    29
53.   Broker Disclosure    29
54.   Notices    30
55.   Force Majeure    30
56.   Financial Statements    31
57.   Special Stipulations    31

 

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BASIC LEASE PROVISIONS

The following is a summary of some of the Basic Provisions of the Lease. In the event of any conflict between the terms of these Basic Lease Provisions and the referenced Sections of the Lease, the referenced Sections of the Lease shall control.

 

1.    Building (See Section 1):    305 Interlocken Parkway Broomfield, Colorado 80021
2.    Premises (See Section 1):   
   Floors:    1 and 2, being 100% of the Building and the Property
   Rentable Square Feet:    Approximately 48,627
3.    Term (See Section 2):    Sixty-seven (67) months
4.    Base Rent (See Sections 3 and 4):   

 

Period

   Base Rental Rate
PSF
    Annual Base
Rent
   Monthly
Base Rent
Months 1-5    7.10 *   $ 345.251.76    $ 28,770.98
6-7    7.10 *   $ 345.251.76    $ 28,770.98
8-19    7.10     $ 345.251.76    $ 28,770.98
20-31    7.60     $ 369,565.20    $ 30,797.10
32-43    8.10     $ 393,878.76    $ 32,828.23
44-55    8.60     $ 418,192.20    $ 34,849.35
56-67    9.10     $ 442,505.76    $ 36,875.48

* Note: Base Rent for Months 1-7 shall be subject to Special Stipulation #1 on Exhibit D attached hereto.

 

5.    Tenant’s Share (See Section 13):    100%
6.    Security Deposit (See Section 44):    None. All references to the Security Deposit are inapplicable.
7.    Landlord’s Broker (See Section 53):    Fuller & Company
   Tenant’s Broker (See Section 53):    Commercial Property Services and Bitzer Real Estate Services
8.    Notice Addresses:    See Section 54

 

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LEASE AGREEMENT

THIS LEASE AGREEMENT (hereinafter called the “Lease”) is made and entered into this 15th day of November, 2005, by and between FUND VIII AND FUND IX JOINT VENTURE, (hereinafter called “Landlord”), and FLEXTRONICS INTERNATIONAL USA, INC., a California corporation (hereinafter called “Tenant”).

1. Premises. Landlord does hereby rent and lease to Tenant and Tenant does hereby rent and lease from Landlord, for general office purposes of a type customary for first-class office buildings, the following described space (hereinafter called the “Premises”, which defined term is deemed to include the Building and the Property, each as hereinafter defined): 48,627 rentable square feet of space comprising 100% of the rentable space of a two-story building (the “Building”) known as 305 Interlocken Parkway, Broomfield, Colorado, excluding the air rights above said Building, and that certain real property described on Exhibit “A” attached hereto (the “Property”). It is understood and agreed that the Rentable Floor Area of the Building is approximate and will be finally determined by Landlord’s architect upon final approval of the space plan for the construction of the improvements to the Premises. Such Rentable Floor Area shall be determined in accordance with the standard method for measuring rentable floor area in office buildings, as such method is set forth in the publication Standard Method for Measuring Floor Area In Office Buildings, ANSI/BOMA Z65.1-1996, published by the Building Owners and Managers (BOMA) International and approved by the American National Standards Institute, Inc. Landlord shall confirm the Rentable Floor Area of the Premises in the letter agreement described in Section 2 below, and upon such confirmation, the Security Deposit and all other amounts specified in the Lease which are based on the Rentable Floor Area of the Premises shall be adjusted accordingly.

2. Lease Term. Tenant shall have and hold the Premises for a term (“Term”) commencing on the date (the “Commencement Date”) which is the earlier of (x) the date that Landlord substantially completes the Work (as defined in Exhibit “B” hereof) and (y) the date upon which Tenant accepts possession from Landlord and occupies all or a portion of the Premises for business purposes and terminating (the “Expiration Date”) at midnight on the last day of the sixty-seventh (67th) full month after the Commencement Date, unless sooner terminated or extended as hereinafter provided. Promptly following the Commencement Date, Landlord and Tenant shall enter into a letter agreement in the form attached hereto as Exhibit “C”, specifying the Commencement Date, the Expiration Date and certain other items set forth therein.

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