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,
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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 attac