Exhibit 10.15
FIRST AMENDMENT TO SUBLEASE,
SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT
AGREEMENT
THIS FIRST AMENDMENT TO
SUBLEASE, SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT
(this “Agreement” ), dated for reference purposes only as of
April 2, 1999, is made by and among VARIAN, INC., a Delaware
corporation ( “Sublessor” ), COMMUNICATIONS & POWER INDUSTRIES,
INC., a Delaware corporation ( “Sublessee”
), VARIAN ASSOCIATES, INC., a
Delaware corporation ( “Varian Associates”
), and VARIAN REALTY INC., a
California corporation ( “Varian Realty”
). Varian Associates and Varian
Realty are sometimes hereinafter collectively referred to as
“Ground Lessee” .
Recitals:
A.
Varian Associates, a California
corporation (
“Varian California” ), and The Board of Trustees of the Leland
Stanford Junior University ( “Stanford” ) are the parties to that certain unrecorded
Lease dated July 1, 1959, as subsequently amended by Varian
California and Stanford (the “Original Lease for Units
6, 7, 10 and 12” ), whereby
Varian California leased from Stanford certain real property
located in Palo Alto, California, commonly referred to as Units 6,
7, 10 and 12.
B.
Varian California and Stanford
are the parties to that certain unrecorded Lease dated January 1,
1956, a Memorandum of Lease having been recorded June 25, 1956, in
Book 3532, at Page 469, Records of Santa Clara County, California,
as subsequently amended by Varian California and Stanford
(collectively, the “Original Lease for Units 5 and
11A” ), whereby Varian California, leased from
Stanford certain real property located in Palo Alto, California,
commonly referred to as Units 5 and 11A. The Original Lease for
Units 6, 7, 10 and 12 and the Original Lease for Units 5 and 11A
are collectively referred to herein as the “Original
Leases” .
C.
Varian Associates, as the
successor to Varian California as the “Lessee” under
the Original Lease for Units 6, 7, 10 and 12, as
“Sublessor”, and Sublessee, as “Sublessee”
entered into that certain Sublease (Building 4, Palo Alto) dated
August 10, 1995, a Memorandum of Sublease (Building 4, Palo Alto)
having been recorded August 10, 1995, as Instrument No. 12979123,
Records of Santa Clara County, California (collectively, the
“CPI Sublease” ), whereby Sublessee subleased from Varian
Associates a portion of the building situated on Unit 6, located at
3120 Hansen Way, Palo Alto, California, and commonly referred to as
Building 4 (
“Building 4” ). The
CPI Sublease is subject and subordinate to the Original Lease for
Units 6, 7, 10 and 12.
D.
Varian Associates and Stanford
separated the Original Lease for Units 6, 7, 10 and 12 into three
separate leaseholds, and Varian Associates,
1
Varian Realty and Stanford
combined the leaseholds for Units 5, 6 and 11 A in to a single
lease pursuant to that certain Restated and Amended Lease by and
between Varian Associates and Varian Realty, collectively as
“Lessee”, and Stanford, as “Lessor”, dated
March 30, 1999, a Memorandum of Restatement and Amendment of Lease
having been recorded March 30, 1999, as Instrument No. 14729331,
Records of Santa Clara County, California (collectively,
the “Restated and Amended Lease”
). The Restated and Amended Lease restates and
amends the Original Leases with respect to Units 5, 6 and
11A.
E.
Varian Associates and Varian
Realty, collectively as “Sublessor”, and Sublessor, as
“Sublessee”, have entered into that certain unrecorded
Sublease dated as of April 1, 1999 (the “Varian, Inc.
Sublease” ),
whereby Varian Associates and
Varian Realty subleased to Sublessor all of Building 4 and the
adjacent back yard fronting on Hanover Street.
F.
The interest of Varian Associates
and Varian Realty in and to the CPI Sublease was assigned to
Sublessor pursuant to that certain unrecorded Assignment and
Assumption of Sublessor’s Interest in Subleases dated April
2, 1999 by and between Varian Associates and Varian Realty,
collectively as “Assignor”, and Sublessor, as
“Assignee” (the “Assignment”
). A copy of the Assignment is attached to this
Agreement as Schedule 1 .
G.
Sublessor and Sublessee desire to
(1) amend the CPI Sublease to reflect the restatement and amendment
of the Original Leases for Units 5, 6 and 11A by the Restated and
Amended Lease; (2) subordinate the CPI Sublease to the Varian, Inc.
Sublease; and (3) provide for the attornment of Sublessee to
Sublessor; and Sublessee desires to obtain from Ground Lessee
non-disturbance protection in the event of the termination of the
Varian, Inc. Sublease, all as set out in this Agreement.
Agreements
:
NOW, THEREFORE, in
consideration of the agreements of Sublessor, Sublessee and Ground
Lessee set forth in this Agreement and other good and valuable
consideration, the receipt and adequacy of which is hereby
acknowledged, Sublessor, Sublessee and Ground Lessee agree as
follows:
1.
Amendment of the CPI
Sublease . Sublessor
and Sublessee hereby amend the CPI Sublease as follows:
a.
Adjacent Property
Lease . The definition
of “Adjacent Property Lease” set out in Section 1.1 of
the CPI Sublease is hereby deleted.
b.
Adjacent Property
Sublease . The
definition of “Adjacent Property Sublease” set out in
Section 1.1 of the CPI Sublease is hereby deleted.
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c.
Master Lease
. The definition of “Master
Lease” set out in Section 1.1 of the CPI Sublease is hereby
amended to read in its entirety as follows:
“Master
Lease” means that certain Lease, dated July 1, 1959, by
and between Stanford, as lessor, and Varian Associates, a
California corporation, as lessee, for the lease of real property
and improvements (“Unit 6 Premises”), as such Lease has
been restated and amended pursuant to that certain Restated and
Amended Lease dated March 30, 1999, by and between Stanford, as
lessor, and Varian Associates, Inc., a Delaware corporation, and
Varian Realty Inc., a California corporation, collectively as
lessee, a Memorandum of Restatement and Amendment of Lease having
been recorded on March 30, 1999, as Instrument No. 14729331,
Records of Santa Clara County, California, together with such
rules, regulations and guidelines as Stanford may adopt from time
to time. A copy of the Restated and Amended Lease is attached
hereto as Exhibit F and incorporated herein by this
reference.
From and after the date of
this Agreement, all references contained in the CPI Sublease to the
“Master Lease” shall be deemed to refer to the Restated
and Amended Lease.
d.
Premises
. The definition of
“Premises” set out in Section 1.1 of the CPI Sublease
is hereby deleted.
e.
Sublessor
. The definition of
“Sublessor” set out in Section 1.1 of the CPI Sublease
is hereby amended to read in its entirety as follows:
“Sublessor”
means Varian, Inc., a Delaware
corporation.
From and after the date of
this Agreement, all references contained in the CPI Sublease to
“Sublessor” shall be deemed to refer to Varian, Inc., a
Delaware corporation.
f.
Exhibit B
. Exhibit B attached to the CPI
Sublease is hereby replaced with the diagram attached to this
Agreement as Exhibit B . From and after the date of this
Agreement, all references contained in the CPI Sublease to Exhibit
B or to the “Unit 6 Premises” shall be deemed to refer
to Exhibit B attached to this Agreement and the Unit 6
Premises shown thereon.
g.
Exhibit E
. Exhibit E attached to the CPI
Sublease is hereby replaced with the schedule attached to this
Agreement as Exhibit E . From

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