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EXHIBIT 10.7 -- Amendment to the Standard Industrial/Commercial Single-Tenant
Lease -- Net, dated as of January 24, 2000, by and between
Copperhill Development Corporation and TrueTime, Inc.
AMENDMENT #1
TO THE
STANDARD INDUSTRIAL/COMMERCIAL SINGLE TENANT LEASE -- NET
DATED JANUARY 24, 2000
BY AND BETWEEN
COPPERHILL DEVELOPMENT CORPORATION, A CALIFORNIA CORPORATION (LESSOR)
AND
TRUETIME INC., A DELAWARE CORPORATION (LESSEE)
1. Commencement Date: The new commencement date shall be December 15, 2000 and
ending on December 14, 2015. The parties shall further amend the Lease if the
actual commencement date is different than as stated in this paragraph.
2. Rent Schedule/Rental Increases: The existing Lease shall hereby be modified
so that on the first anniversary of this Lease, (month 13) and every
anniversary thereafter, including any option periods, the base rent shall
increase by the percentage change in the San Francisco/Oakland/San Jose metro
area C.P.I. index, all urban consumers, however, the annual increase shall
never exceed 2.5%, nor shall the adjusted base rent ever be less than the
base rent paid in the previous period.
3. All other terms and conditions shall remain the same.
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Agreed: Agreed:
Lessee: Lessee:
/s/ [SIGNATURE ILLEGIBLE] /s/ JOHN E. DUTIL
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Copperhill Development Corp., Inc. TrueTime, Inc.
Date: 10/30/00 Date: 10/31/00
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