<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------------
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
MISSION WEST PROPERTIES
- -------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- -------------------------------------------------------------------------------
(Title of Class of Securities)
60520010-4
- -------------------------------------------------------------------------------
(CUSIP Number)
Michael Knapp, Secretary, Berg & Berg Enterprises, Inc.
10050 Bandley Drive, Cupertino, CA 95014
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
with a copy to:
Alan B. Kalin, Esq., Graham & James LLP
600 Hansen Way, Palo Alto, CA 94304-1043; (650) 856-6500
- -------------------------------------------------------------------------------
August 4, 1997
- -------------------------------------------------------------------------------
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-1(a) for other parties to whom copies
are to be sent.
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act, but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
Berg & Berg Enterprises, Inc., for itself and the persons identified
on Exhibit 2 to this Schedule 13D/A
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
WC
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization California
-------------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 820,000
Owned by ----------------------------
Each Report- (8) Shared Voting Power 6,000,000
ing Person -------------------------
With (9) Sole Dispositive Power 820,000
----------------------
(10) Shared Dispositive Power 0
---------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,000,000
---------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)___
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 79.6%
-------------------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
-------------------------
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
Berg & Berg Developers
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
Not Applicable
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization California
-------------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by ------------------------------
Each Report- (8) Shared Voting Power 6,000,000
ing Person -----------------------------
With (9) Sole Dispositive Power 0
--------------------------------
(10) Shared Dispositive Power 820,000
------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,000,000
----------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 79.6%
--------------------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) PN
-------------------------
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
Carl E. Berg
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
Not Applicable
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)___
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by ------------------------------
Each Report- (8) Shared Voting Power 6,000,000
ing Person ------------------------------
With (9) Sole Dispositive Power 0
--------------------------
(10) Shared Dispositive Power 820,000
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,000,000
----------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)___
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 79.6%
---------------------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
-------------------------
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
Clyde J. Berg
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
Not Applicable
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)___
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
--------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by ------------------------------
Each Report- (8) Shared Voting Power 6,000,000
ing Person -----------------------------
With (9) Sole Dispositive Power 0
---------------------------
(10) Shared Dispositive Power 820,000
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
6,000,000
----------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 79.6%
---------------------
(14) Type of Reporting Person (See Instructions) IN
-------------------------
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons Carl E. Warden SEP/IRA
------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
----------------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)___
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by ------------------------------
Each Report- (8) Shared Voting Power 280,000
ing Person -----------------------------
With (9) Sole Dispositive Power 280,000
--------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
280,000
---------------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 3.7%
------------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) EP
--------------------------
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons Leonard C. Perham
-------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
-------------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
-------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by --------------------------------
Each Report- (8) Shared Voting Power 370,000
ing Person ------------------------------
With (9) Sole Dispositive Power 370,000
-------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
370,000
----------------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
--------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 4.9%
-------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
-------------------------
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons Carl E. Warden
-------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
------------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
---------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by -------------------------------
Each Report- (8) Shared Voting Power 90,000
ing Person -----------------------------
With (9) Sole Dispositive Power 90,000
-------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person 90,000
--------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
--------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 1.2%
-------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
--------------------------
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
Alan B. Kalin
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
----------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
-------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by --------------------------------
Each Report- (8) Shared Voting Power 370,000
ing Person ------------------------------
With (9) Sole Dispositive Power 370,000
---------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
370,000
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
-------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 4.9%
---------------------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
-------------------------
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
John C. Bolger
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
---------------------------------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
-------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by -------------------------------
Each Report- (8) Shared Voting Power 370,000
ing Person -----------------------------
With (9) Sole Dispositive Power 370,000
---------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
370,000
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
-------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 4.9%
---------------------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
--------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
Roger S. Kirk
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
-------------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
-------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by -------------------------------
Each Report- (8) Shared Voting Power 370,000
ing Person ------------------------------
With (9) Sole Dispositive Power 370,000
--------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
370,000
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
-------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 4.9%
---------------------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
--------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
Patrick W. Hurley
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
--------------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
-------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by --------------------------------
Each Report- (8) Shared Voting Power 370,000
ing Person -----------------------------
With (9) Sole Dispositive Power 370,000
--------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
370,000
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
-------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 4.9%
-------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
-------------------------
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
Roy A. Wright (IRA)
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
----------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
-----
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by -------------------------------
Each Report- (8) Shared Voting Power 370,000
ing Person -----------------------------
With (9) Sole Dispositive Power 370,000
--------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
370,000
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 4.9%
--------------------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) EP
-------------------------
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
Richard T. Tarrant (IRA)
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
------------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
----------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by -------------------------------
Each Report- (8) Shared Voting Power 370,000
ing Person -----------------------------
With (9) Sole Dispositive Power 370,000
--------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
370,000
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
--------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 4.9%
---------------------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) EP
--------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
John J. Bartko (IRA)
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
----------------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
-------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by ------------------------------
Each Report- (8) Shared Voting Power 370,000
ing Person -----------------------------
With (9) Sole Dispositive Power 370,000
--------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
370,000
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
-------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 4.9%
--------------------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) EP
--------------------------
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
Calvin L. Reed and Linda Eng Reed Revocable Living Trust
----------------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
----------------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
---------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by ------------------------------
Each Report- (8) Shared Voting Power 370,000
ing Person ------------------------------
With (9) Sole Dispositive Power 370,000
--------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
370,000
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
-------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 4.9%
--------------------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
--------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
Thelmer Aalgaard
---------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
----------------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
--------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by -------------------------------
Each Report- (8) Shared Voting Power 370,000
ing Person -----------------------------
With (9) Sole Dispositive Power 370,000
--------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
370,000
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
--------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 4.9%
--------------------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
-------------------------
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
Douglas Broyles
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
----------------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
-------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by -------------------------------
Each Report- (8) Shared Voting Power 370,000
ing Person -----------------------------
With (9) Sole Dispositive Power 370,000
--------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
370,000
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
-------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 4.9%
---------------------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
--------------------------
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
Michael L. Knapp
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
----------------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization USA
-------------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by ------------------------------
Each Report- (8) Shared Voting Power 370,000
ing Person -----------------------------
With (9) Sole Dispositive Power 370,000
--------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
370,000
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
---------------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 4.9%
--------------------
- -------------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
--------------------------
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 60520010-4
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons/S.S. or I.R.S. Identification Nos. of Above
Persons
Mark Lewis
---------------------------------------------------------------------
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) x
(b)
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds (See Instructions) PF
------------
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceeding Is Required Pursuant to Items
2(d) or 2(e)____
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization UK
--------
- -------------------------------------------------------------------------------
Shares Bene-
ficially (7) Sole Voting Power 0
Owned by -------------------------------
Each Report- (8) Shared Voting Power 370,000
ing Person -----------------------------
With (9) Sole Dispositive Power 370,000
--------------------------
(10) Shared Dispositive Power 0
------------------------
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
370,000
-------------------------------------------------------------------
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) X
-------
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row 11 4.9%
---------------------
(14) Type of Reporting Person (See Instructions) IN
--------------------------
- -------------------------------------------------------------------------------
<PAGE>
Introduction.
This Amendment No. 1 to Schedule 13D is being filed on behalf of Berg &
Berg Enterprises, Inc. ("BBE") for itself and the other members of the group
described herein (the "Berg Group") and certain BBE Affiliates (as defined
below). Effective May 27, 1997, BBE, on one hand, and Mission West Properties
(the "Issuer"), on the other hand, (i) entered into a Stock Purchase Agreement,
which was attached as Exhibit 2 to the Schedule 13D filed by BBE on June 6,
1997 and summarized in Item 6 thereof and which is incorporated herein by this
reference("Stock Purchase Agreement") and (ii) entered into an Amendment to the
Stock Purchase Agreement effective July 2, 1997, a copy of which is attached
hereto as Exhibit 2 (the "Amendment") (the Stock Purchase Agreement and the
Amendment, collectively, the "Agreement"). As contemplated by the Agreement,
the members of the Berg Group other than BBE became parties to the Agreement
with the Issuer as of August 4, 1997, and in accordance with the terms of the
Agreement, BBE will act as the Buyer's Representative on behalf of all members
of the Berg Group. Pursuant to the Agreement, the Issuer will sell 6,000,000
shares of the Issuer's newly issued Common Stock (the "Shares") to BBE and the
other members of the Berg Group for a purchase price of $900,000 in cash, or
$0.15 per share. Upon the consummation of the transaction, which is subject to
the fulfillment of certain conditions, BBE and the other members of the Berg
Group will be the beneficial owners of 6,000,000 shares of Mission West Common
Stock, representing 79.6% of the 7,533,121 shares of Mission West Common Stock
which will be outstanding. There were 1,533,121 shares of Mission West Common
Stock outstanding as of July 15, 1997, as reported in the Issuer's Form 10-Q
filed on July 15, 1997.
Other than as set forth below, to the best knowledge of BBE and the other
members of the Berg Group, there have been no material changes to the
information set forth in response to Items 1 and 4, or to the description of the
terms of the Stock Purchase Agreement set forth in Item 6, of the Schedule 13D
filed by BBE and the BBE Affiliates with the Securities and Exchange Commission
on June 6, 1997. Accordingly, these items are omitted from this Amendment No.
1. This statement is being filed pursuant to Rule 13d-2(a) of the General Rules
and Regulations under the Securities Exchange Act of 1934, as amended (the
"Exchange Act") to disclose the members of the Berg Group other than BBE, to
include certain additional information and to report the beneficial ownership of
the Berg Group in a single joint filing pursuant to Rule 13d-1(f)(2) promulgated
under the Exchange Act.
Item 2. Identity and Background:
(a-c) This Statement is filed by BBE for itself and on behalf of the Berg
Group and certain affiliates of BBE, namely, Berg & Berg Developers
("B&B"), Carl E. Berg, and Clyde J. Berg (the "BBE Affiliates")(BBE for
itself and on behalf of the Berg Group and the BBE Affiliates, collectively
the "Reporting Persons"), with respect to the Shares which are beneficially
owned by the Reporting Persons and the other members of the Berg Group
identified herein solely by reason of their rights under the Agreement to
which BBE became a party on May 27, 1997 and to which the other members of
the Berg Group became parties as of August 4, 1997. No members of the Berg
Group other than the Reporting Persons may be deemed to beneficially own 5%
or more of the Mission West Common Stock.
<PAGE>
The principal business address of BBE is 10050 Bandley Drive, Cupertino,
California 95014. The principal business of BBE is commercial real estate
development and management.
The BBE Affiliates are included in this statement due to their indirect
beneficial ownership of the Shares to be acquired by BBE pursuant to the
Agreement. None of the Reporting Persons beneficially owns any other
shares of Mission West Common Stock.
B&B holds 50.323% of the outstanding voting stock of BBE and, therefore,
can be deemed to possess voting power and dispositive power with respect to
the Shares to be acquired by BBE. B&B's principal offices are located at
10050 Bandley Drive, Cupertino, California 95014.
Carl E. Berg is a general partner owning 50% of B&B and directly holds
1.677% of the outstanding voting stock of BBE. Pursuant to the Voting
Rights Agreement, which is more fully described below and attached hereto
as Exhibit 4, Carl E. Berg will act as agent of BBE and decide how the
shares should be voted on matters submitted for voting by the Issuer's
shareholders. Clyde J. Berg is a general partner owning 50% of B&B, and
directly holds 24% of the outstanding voting stock of BBE as Trustee,
1981 Kara Ann Berg Trust, dated 6/25/81. Carl E. Berg and Clyde J.
Berg may be deemed to possess voting power and dispositive power with
respect to the Shares to be acquired by BBE.
Carl E. Berg and Clyde J. Berg also are directors and/or executive officers
of BBE. The information required for responses to Item 2(a) through (f) is
provided with respect to each of them in their capacities as directors
and/or executive officers of BBE.
The attached Exhibit 1 provides the following information with respect to
each director, executive officer or general partner of any Reporting Person
and each other member of the Berg Group (i) name; (ii) residence or
business address; (iii) present principal occupation or employment and the
name, principal business and address of any corporation or other
organization in which such employment is conducted; and (iv) citizenship.
(d) None of the Reporting Persons nor, to the best of knowledge of any
Reporting Person, any individual named in Exhibit 1 has, during the last
five years, been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).
(e) None of the Reporting Persons nor, to the best of knowledge of any
Reporting Person, any individual named in Exhibit 1 was, during the last
five years, a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
(f) The citizenship or place of organization of each Reporting Persons'
directors and executive officers is set forth on Exhibit 1.
<PAGE>
Item 3. Source and Amount of Funds and Other Consideration.
The Berg Group will pay $900,000 to the Issuer upon the closing of the
purchase of the Shares pursuant to the Agreement. The source of funds for
such purchase is (i) working capital of BBE and (ii) personal funds of
members of the Berg Group other than BBE.
Item 5. Interest in Securities of the Issuer
(a) BBE and the other members of the Berg Group and the BBE Affiliates are
the beneficial owner of the Shares, which will represent 79.6% of the
outstanding shares of Mission West Common Stock. In accordance with the
terms of the Agreement, the shareholders representing approximately 60% of
the presently outstanding shares of Mission West Common Stock voted their
shares to approve the Agreement and the transactions contemplated by the
Agreement. Upon the closing for the purchase of the Shares under the
Agreement, BBE and the other members of the Berg Group will be the record
holders of that number of Shares set forth opposite their names on Exhibit
2. The BBE Affiliates have indirect beneficial ownership of the Shares
owned of record by BBE by virtue of the BBE Affiliates' relationship with
BBE.
(b) Upon becoming a record holder, each member of the Berg Group will have
the sole power to dispose of the Mission West Common Stock owned of record
by such member of the Berg Group, and each member of the Berg Group will
share voting power with respect to the Shares with Carl E. Berg, as agent
of BBE, pursuant to the Voting Rights Agreement attached hereto as
Exhibit 4 and summarized below. The BBE Affiliates identified in Item 2
will share indirect dispositive power and voting power with respect to the
Mission West Common Stock to be owned of record by BBE because each may be
deemed to control the actions of BBE with respect to the Mission West
Common Stock owned of record by BBE.
(c) During the past 60 days, none of the Reporting Persons nor, to the
best knowledge of any Reporting Person, has any other person named in
Exhibit 1, effected any transaction with respect to the Mission West Common
Stock, except for the agreement by the members of the Berg Group to acquire
the Shares pursuant to the terms of the Agreement.
(d) Each member of the Berg Group will have the right to receive or the
power to direct the receipt of dividends from or the proceeds of sale of
the Shares owned of record by such member as set forth in Exhibit 2. The
BBE Affiliates could be deemed to have the power to direct BBE with respect
to investment decisions concerning the Shares owned of record by BBE.
(e) Inapplicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
<PAGE>
AMENDMENT TO STOCK PURCHASE AGREEMENT
The following summary of the Amendment does not purport to be complete and
is qualified in its entirety by reference to the Amendment, a copy of which
is attached hereto as Exhibit 3.
Distribution to Company Shareholders
Section 6.5 of the Stock Purchase Agreement is amended in its entirety by
the Amendment. Pursuant to the Amendment, the Issuer will declare a cash
dividend of $5,059,229 in the aggregate, payable to the shareholders of
record immediately prior to the Closing Date (as defined in the Stock
Purchase Agreement). Alarmguard Holdings, Inc., ("Alarmguard") the
largest shareholder of the Issuer prior to the Closing Date, agreed to
accept a note payable from the Issuer in the principal amount of $300,000
(or such lesser amount realized by the Issuer from a note payable to it in
the same amount from Speiker Properties) in lieu of a cash dividend. The
Berg Group will not participate in the distribution. The distribution
will be paid to shareholders at a date not sooner than October 20, 1997
and not later than October 30, 1997.
VOTING RIGHTS AGREEMENT
The following summary of the Voting Rights Agreement does not purport to be
complete and is qualified in its entirety by reference to the Voting Rights
Agreement, a copy of which is attached hereto as Exhibit 4.
Shares Subject to Voting Rights Agreement
All Shares acquired pursuant to the Agreement, and all shares issued on, or
in exchange for, any of the Shares by reason of any stock dividend, stock
split, consolidation of shares, reclassification or consolidation involving
the Issuer are subject to the Voting Rights Agreement.
Voting
Each member of the Berg Group has agreed to vote such member's Shares as
directed by Carl Berg, on behalf of BBE, on all matters submitted to a vote
of the shareholders of the Issuer.
Termination
The Voting Rights Agreement terminates at the earliest of the following
dates: (i) upon any sale of the Shares pursuant to a registration
statement declared effective under the Securities Act of 1933, as amended
(the "Securities Act"), but only as to the Shares so sold; (ii) upon a sale
of the Shares pursuant to Rule 144 promulgated under the Securities Act,
but only as to the Shares so sold; or (iii) two (2) years after the
effective date of the Voting Rights Agreement.
<PAGE>
SUBSCRIPTION AND REGISTRATION FORM
Each member of the Berg Group other than BBE, in order to participate in
the transaction to acquire the Shares, executed a Subscription and
Registration Form for Mission West Properties Common Stock, the form of
which is attached hereto as Exhibit 5, irrevocably agreeing for the benefit
of the Issuer and BBE to purchase the number of Shares for which the member
of the Berg Group was subscribing subject to the terms of the Stock
Purchase Agreement, to tender the purchase price for such number of Shares
at the closing of the transaction and to be represented by BBE as the
Buyer's Representative, as that term is defined in the Agreement.
JOINT FILING
Pursuant Rule 13d-1(f) promulgated under the Exchange Act, the members of
the Berg Group have authorized BBE to act as Buyer's Representative
pursuant to Section 4.2 of the Stock Purchase Agreement and as confirmed in
the Subscription Form (copies of which are attached hereto), and as such,
to execute and file this statement, and any amendment or amendments hereto.
Item 7. Material to be Filed as Exhibits.
Exhibit 1. Directors, Executive Officers and Partners of Reporting Persons,
Members of the Berg Group
Exhibit 2. Share Purchase Schedule
Exhibit 3. Amendment to Stock Purchase Agreement, dated as of July 2, 1997
Exhibit 4. Voting Rights Agreement, dated as of August 4, 1997
Exhibit 5. Subscription and Registration Form for Mission West Properties
Common Stock
Exhibit 6. Power of Attorney for Clyde J. Berg
[Remainder of page intentionally left blank]
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certify that the information set forth in this Statement is true,
complete and correct.
Date: August 14, 1997
By: /S/ By: /S/ Carl E. Berg, attorney-in-fact
------------------------------ -----------------------------------
Carl E. Berg Clyde J. Berg
Signing as General Partner of
Signing as President and Chief Berg & Berg Developers and as and
Financial Officer of Berg & Berg Trustee of the 1981 Kara Ann Berg
Enterprises, Inc., on behalf of Trust dated 6/25/81
all members of the Berg Group,
as General Partner of Berg &
Berg Developers, and as an individual
<PAGE>
EXHIBIT 1
DIRECTORS AND EXECUTIVE OFFICERS OF BERG & BERG ENTERPRISES, INC.
Name and Business Address Position/Occupation Citizenship
- ------------------------- ------------------- -----------
Carl E. Berg President, Chief Financial USA
10050 Bandley Drive Officer, and Director of
Cupertino, CA 95014 Berg & Berg Enterprises, Inc.,
Real Estate Developer, Venture
Capitalist
Clyde J. Berg Director of Berg & Berg USA
10050 Bandley Drive Enterprises, Inc.,
Cupertino, CA 95014 Real Estate Developer
Thelmer Aalgaard Director of Berg & Berg USA
10050 Bandley Drive Enterprises, Inc.,
Cupertino, CA 95014 Construction Manager
PARTNERS OF BERG & BERG DEVELOPERS
Carl E. Berg ( see information above)
Clyde J. Berg (see information above)
MEMBERS OF THE BERG GROUP
Name and Address Position/Occupation Citizenship
- ------------------------ -------------------- -----------
Carl E. Warden Private Investor USA
c/o 10050 Bandley Drive
Cupertino, CA 95014
Leonard C. Perham President and Chief USA
2975 Stender Way Executive Officer of IDT
Santa Clara, CA 95054
Carl E. Warden Private Investor USA
c/o 10050 Bandley Drive
Cupertino, CA 95014
Alan B. Kalin Attorney - Graham & James USA
600 Hansen Way LLP
Palo Alto, CA 94304
<PAGE>
John C. Bolger Private Investor USA
c/o 10050 Bandley Drive
Cupertino, CA 95014
Roger S. Kirk Private Investor USA
c/o 10050 Bandley Drive
Cupertino, CA 95014
Patrick W. Hurley Attorney - USA
201 Third Street, NW Keleher & McLeod
P.O. Drawer AA
Albuquerque, NM 87103
Roy A. Wright (IRA) Private Investor USA
c/o 10050 Bandley Drive
Cupertino, CA 95014
Richard T. Tarrant (IRA) Attorney - Bartko, Zankel, USA
900 Front St. Tarrant & Miller
Suite 300
San Francisco, CA 94111
John J. Bartko (IRA) Attorney - Bartko, Zankel, USA
900 Front St. Tarrant & Miller
Suite 300
San Francisco, CA 94111
Calvin L. Reed and Linda President & Chief USA
Eng Reed Revocable Living Executive Officer of
Trust Valence Technology, Inc.
301 Conestoga Way
Henderson, NV 89015
Thelmer Aalgaard Construction Manager, BBE USA
c/o 10050 Bandley Drive
Cupertino, CA 95014
Douglas Broyles President & Chief USA
262 Los Gatos Saratoga Rd. Executive Officer,
Los Gatos, CA 95030 TeleQual Corporation
Michael L. Knapp Secretary of BBE USA
c/o 10050 Bandley Drive
Cupertino, CA 95014
Mark Lewis President & Chief UK
c/o S.L.R. Executive Officer of
Banfield, England S.I.R.
<PAGE>
EXHIBIT 2
SHARE PURCHASE SCHEDULE
<TABLE>
<CAPTION>
Number of Shares Percentage of Class
Name of Group Member of Common Stock of Securities *
- -------------------- --------------- -------------------
<S> <C> <C>
Berg & Berg Enterprises, Inc. 820,000 10.9%
Carl E. Warden SEP/IRA 280,000 3.7%
Carl E. Warden 90,000 1.2%
Leonard C. Perham 370,000 4.9%
Alan B. Kalin 370,000 4.9%
John C. Bolger 370,000 4.9%
Roger S. Kirk 370,000 4.9%
Patrick W. Hurley 370,000 4.9%
Roy A. Wright (IRA) 370,000 4.9%
Richard T. Tarrant (IRA) 370,000 4.9%
John J. Bartko (IRA) 370,000 4.9%
Calvin L. Reed and Linda Eng Reed 370,000 4.9%
Revocable LivingTrust
Thelmer Aalgaard 370,000 4.9%
Douglas Broyles 370,000 4.9%
Michael L .Knapp 370,000 4.9%
Mark Lewis 370,000 4.9%
----------------------- -------------------
Total 6,000,000 79.6%
--------- -----
--------- -----
</TABLE>
* Rounded to the nearest tenth.
<PAGE>
AMENDMENT
TO
STOCK PURCHASE AGREEMENT
THIS AMENDMENT to the Stock Purchase Agreement, dated as of May 27, 1997 is
entered into as of July 2, 1997, by and between a group of private investors
identified on Appendix I to the Agreement (individually a "Purchaser" and
collectively "Buyer"), which is led by Berg & Berg Enterprises, Inc., a
California corporation ("Buyer's Representative"), on one hand, and Mission West
Properties, a California corporation (the "Company"), and the shareholders of
the Company identified on Appendix II to the Agreement (the "Holders"), on the
other hand.
Buyer, the Company, and the Holders hereby agree to amend section 6.5 of
the Agreement to read in its entirety as follows (with the new provisions
underlined in this Amendment only):
6.5 DISTRIBUTION TO COMPANY SHAREHOLDERS. Within two (2) business
days after the Effective Date, the Board of Directors of the Company
will declare a distribution (THE "DISTRIBUTION") to shareholders which
shall not exceed $5,059,299 in the aggregate; including the
distribution of a note payable by the Company in the principal amount
of $300,000 (or such lesser amount as is received from Spieker
Properties by the Company with respect to a note for the same amount
subsequent to the date of this Agreement the "Spieker Properties Note
Receivable") to Alarmguard Holdings, Inc. in lieu of cash of like
amount. The Distribution will be payable to shareholders of record of
the Company as of a date as soon as practicable following the
Effective Date (and prior to the Closing Date) such that Buyer will
not be entitled to RECEIVE any portion thereof ("DISTRIBUTEES OF
RECORD"). Prior to the Effective Date, Alarmguard Holdings, Inc.
shall agree in writing to receive IN LIEU OF THE DISTRIBUTION IN CASH
WITH RESPECT TO ITS SHARES OF COMMON STOCK THAT IT WOULD BE ENTITLED
TO RECEIVE OTHERWISE, A CASH DISTRIBUTION REDUCED BY THE AMOUNT, IF
ANY, BY WHICH $300,000 EXCEEDS the net proceeds realized by the
Company from the Spieker Properties Note Receivable. PAYMENT OF THE
DISTRIBUTION TO THE DISTRIBUTEES OF RECORD WILL BE MADE BY THE COMPANY
BY OCTOBER 30, 1997 BUT NOT BEFORE OCTOBER 20, 1997. WITHIN FIVE (5)
BUSINESS DAYS AFTER THE EFFECTIVE DATE THE COMPANY WILL OPEN AN
INTEREST-BEARING, DEMAND OR OTHER SHORT-TERM DEPOSIT SAVINGS ACCOUNT
(THE "DISTRIBUTION
-1-
<PAGE>
ACCOUNT") AT A FINANCIAL INSTITUTION WITH ASSETS EXCEEDING
$10,000,000,000, AND THE COMPANY WILL DEPOSIT $5,059,299 (LESS AN AMOUNT
EQUAL TO THE UNPAID PORTION OF THE SPIEKER PROPERTIES NOTE RECEIVABLE)
INTO THE DISTRIBUTION ACCOUNT. ALL WITHDRAWALS FROM THE DISTRIBUTION
ACCOUNT AND INSTRUMENTS DRAWN THEREON WILL REQUIRE DUAL SIGNATURES. THE
ONLY INDIVIDUAL SIGNATORIES ON THE DISTRIBUTION ACCOUNT WILL BE CARL E.
BERG AND MICHAEL M. EARLEY, OR SUCH OTHER INDIVIDUALS AS BUYER'S
REPRESENTATIVE AND THE COMPANY MAY APPROVE JOINTLY HEREAFTER.
This Amendment shall be governed by the provisions of section 10 of the
Agreement.
IN WITNESS WHEREOF, the Company, each of the Holders and each Purchaser has
executed this Amendment as of the day and year first above written.
BUYER:
-------------------------------------------------------
(Print or type name of Purchaser)
By:
----------------------------------------------------
(signature)
Name:
--------------------------------------------------
(Print or type if signing on Purchaser's behalf)
Title:
-------------------------------------------------
(if applicable)
THE COMPANY: MISSION WEST PROPERTIES
By:
----------------------------------------------------
(signature)
Name:
--------------------------------------------------
(print or type name)
Title:
-------------------------------------------------
(if applicable)
-2-
<PAGE>
ADDITIONAL SIGNATURE PAGE FOR AMENDMENT TO STOCK PURCHASE AGREEMENT
THE HOLDERS:
ALARMGUARD HOLDINGS, INC.
By:
----------------------------------------------------
(signature)
Name:
--------------------------------------------------
(print or type name)
Title:
-------------------------------------------------
(if applicable)
BYRON WEBB, JR.
-------------------------------------------------------
(signature)
WILLIAM E. NELSON
-------------------------------------------------------
(signature)
-3-
<PAGE>
VOTING RIGHTS AGREEMENT
This Voting Rights Agreement (the "Agreement") is made and entered into as
of this 4th day of August, 1997 by and among each of the persons listed on
Exhibit A hereto (the "Investors") and Berg & Berg Enterprises, Inc. ("BBE").
R E C I T A L S
WHEREAS, Mission West Properties, a California corporation (the "Company"),
BBE and certain shareholders of the Company entered into a Stock Purchase
Agreement, dated as of May 27, 1997 and as amended as of July 2, 1997 (the
"Purchase Agreement") pursuant to which the Company agreed to sell and issue
6,000,000 shares of the Company's Common Stock to a group of private investors
led by BBE;
WHEREAS, concurrently herewith, each Investor has executed the Purchase
Agreement and subscribed to the number of shares of the Company's Common Stock
indicated on a subscription form delivered by each Investor (the "Purchase");
and
WHEREAS, in connection with the Purchase, the Investors and BBE desire to
provide for the future voting of shares of the Company's capital stock held by
them;
NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:
ARTICLE 1.
VOTING
1.1 Each Investor and BBE agree to hold all shares of Common Stock of the
Company registered in their respective names or beneficially now or hereafter
owned by them (hereinafter collectively referred to as the "Shares") subject to,
and to vote the Shares in accordance with, the provisions of this Agreement.
1.2 Following the closing of the Purchase, each investor agrees to vote
such Investor's Shares as directed by Carl Berg, on behalf of BBE, on all
matters submitted to a vote of the shareholders of the Company.
1.3 This voting agreement provided in Section 1.2 above is coupled with an
interest and may not be revoked (i) without the consent of the Investors holding
at least a majority of the outstanding Shares then held by all Investors and
(ii) without the consent of BBE; provided, however, that BBE then holds shares
of Common Stock of the Company.
1.4 Concurrently with the execution of this Agreement, each of the
Investors will authorize and direct the Company, through BBE to imprint or
otherwise place on certificates representing the Shares the following, or a
substantially similar, restrictive legend (the "Legend'):
"The shares represented by this certificate are subject to the terms and
conditions of a Voting Rights Agreement, dated as of __________, 1997, all
the terms of which are incorporated herein by reference. A copy of such
Agreement may be obtained without charge upon written request to the
Company at its principal place of business."
1.5 The provisions of this Agreement shall be binding upon the successors
in interest to any of the Shares. Investor understands that the Company shall
not permit the transfer of any of the Shares on its books or issue a new
certificate representing any of the Shares unless and until the person to whom
such
<PAGE>
security is to be transferred shall have executed a written agreement,
substantially in the form of this agreement, pursuant to which such person
becomes a party to this Agreement and agrees to be bound by all the provisions
hereof as if such person were an Investor.
1.7 Except as provided by this Agreement, each Investor and BBE shall
exercise the full rights of a shareholder with respect to the Shares held by
each.
ARTICLE 2.
EFFECT; TERMINATION
This Agreement shall continue in full force and effect with respect to
all Shares from the date of the Purchase until the earliest of the following
dates: (i) upon any sale of the Shares pursuant to a registration statement
declared effective under the Securities Act of 1933, as amended, but only as to
the Shares so sold; (ii) any sale of the shares pursuant to Rule 144 promulgated
under the Securities Act, but only as to the Shares so sold; or (iii) two years
after the effective date of this Agreement, at which time this Agreement will
terminate in its entirety.
ARTICLE 3.
MISCELLANEOUS
3.1 The parties hereto hereby declare that it is impossible to measure in
money the damages which will accrue to a party hereto or to their heirs,
personal representatives, or assigns by reason of a failure to perform any of
the obligations under this Agreement and agree that the terms of this Agreement
shall be specifically enforceable. If any party hereto or his heirs, personal
representatives, or assigns institutes any action or proceeding to specifically
enforce the provisions hereof, any person against whom such action or proceeding
is brought hereby waives the claim or defense therein that such party or such
personal representative has an adequate remedy at law, and such person shall not
offer in any such action or proceeding the claim or defense that such remedy at
law exists.
3.2 This Agreement, and the rights of the parties hereto, shall be
governed by and construed in accordance with the laws of the State of California
without regard to any principles governing conflicts of laws.
3.3 The rights and covenants provided herein are the sole and entire
agreement between the Investors and BBE with respect to the subject matter
hereof. This Agreement may be amended at any time and from time to time, and
particular provisions of this Agreement may be waived as to all Investors and
BBE, only by an instrument in writing signed by a majority-in-interest of the
Investors and BBE. Notwithstanding the above, this Agreement may also be amended
by BBE with no further action on the part of the Investors solely to include as
Investors hereunder holders of Common Stock of the Company issued by the Company
after the closing of the Purchase.
3.4 If any provision of this Agreement is held to be invalid or
unenforceable, the validity and enforceability of the remaining provisions of
this Agreement shall not be affected thereby.
3.5 This Agreement shall inure to the benefit of and be binding upon the
parties hereto and their respective heirs, successors, assigns, administrators,
executors and other legal representatives.
3.6 In the event that subsequent to the date of this Agreement any shares
or other securities (other than any shares or securities of another corporation
issued to the Company's shareholders pursuant to a plan of merger) are issued
on, or in exchange for, any of the Shares held by the Investors by reason of any
stock dividend, stock split, consolidation of shares, reclassification or
consolidation involving the Company, such shares or securities shall be deemed
to be Shares for purposes of this Agreement.
3.7 This Agreement may be executed in counterparts, and the counterparts
may be delivered
2
<PAGE>
by facsimile.
3.8 No delay or omission to exercise any right, power or remedy accruing
to any party, upon any breach or default of any other party under this
Agreement, shall impair any such right, power or remedy of such party nor shall
it be construed to be a waiver of any such breach or default, or an acquiescence
therein, or of or in any similar breach or default thereunder occurring; nor
shall any waiver of any single breach or default be deemed a waiver of any other
breach or default theretofore or thereafter occurring. Except as provided in
Section 3.3 hereof, any waiver, permit, consent or approval of any kind or
character on the part of any party of any breach or default under this
Agreement, or any waiver on the part of any party of any provisions or
conditions of this Agreement, must be in writing and shall be effective only to
the extent specifically set forth in such writing. All remedies, either under
this Agreement, or by law or otherwise afforded to any holder, shall be
cumulative and not alternative.
The foregoing Voting Rights Agreement is hereby executed as of the date
first above written.
BERG & BERG ENTERPRISES, INC.
By:
------------------------------------
--------------------------------
Please print name and title
Address: 10050 Bandley Drive
Cupertino, CA 95014
INVESTORS:
---------------------------------------
By:
------------------------------------
--------------------------------
Please print name and title
3
<PAGE>
SUBSCRIPTION AND REGISTRATION FORM
FOR MISSION WEST PROPERTIES
COMMON STOCK
I. PURCHASE OF COMMON STOCK
A. By executing this Subscription and Registration Form for Mission West
Properties Common Stock, and the counterpart signature pages to the Stock
Purchase Agreement dated May 27, 1997 and the Amendment to the Stock
Purchase Agreement dated July 2, 1997 ("the Stock Purchase Agreement"), the
undersigned hereby irrevocably agrees for the benefit of Mission West
Properties, a California corporation (the "Company") and Berg & Berg
Enterprises, Inc., a California corporation ("BBE") (i) to purchase
______________ shares of the Common Stock of the Company, at a purchase
price of $0.15 per share for a total purchase price of $_____________ (the
"Purchase Price"); (ii) to tender the Purchase Price at the Closing (as
that term is defined in the Stock Purchase Agreement); and (ii) to be
represented by BBE as the Buyer's Representative (as that term is defined
in the Stock Purchase Agreement).
B. Unless the Company is instructed otherwise in writing by the
undersigned, the Purchase Price will be returned promptly in the event that
for any reason the purchase and sale of the Common Stock subscribed hereby
is not consummated or in the event that the undersigned's subscription is
rejected.
II. REGISTER COMMON STOCK AS FOLLOWS:
A. Corporation, Trust, Other Organization or any other Fiduciary Capacity
-------------------------------------------------------------------
(Name of Corporation, Other Organization or Trustees)
If Trust, date of
Trust Instrument: Tax ID Number:
--------------- ----------------
B. Individual, Joint Tenants, Tenants in Common, Community Property:
------------------------------------ ----------------------------
(First Name) (Last Name) (M.I.) (Social Security No.)
------------------------------------ ----------------------------
(First Name) (Last Name) (M.I.) Type of Ownership
(Joint tenancy with rights of survivorship will be presumed unless
otherwise indicated.)
C. Custodian for a Minor:
------------------------------------
(Custodian's First Name) (Last Name)
------------------------------------ ----------------------------
(Minor's First Name) (Last Name) (Minor's Social Security No.)
Under the Uniform Gifts to Minor Act.
----------------------------
(State of Residence of Minor)
<PAGE>
III. SHARHOLDER'S ADDRESS:
----------------------------------------------
(Street Address)
----------------------------------------------
(City, State, Country)
------------------- ----------------------
(Telephone Number) (Facsimile Number)
IV. ACCEPTANCE
The undersigned purchaser(s) hereby subscribe(s) to purchase shares of
Common Stock of the Company and deliver(s) the following documents to BBE.:
(a) a completed and signed Subscription and Registration for Mission West
Properties Common Stock, (b) two counterpart signature pages to the Stock
Purchase Agreement; (c) two counterpart signature pages to the Amendment to
the Stock Purchase Agreement, (d) two counterpart signature pages to the
Voting Rights Agreement; (e) a completed Prospective Investor
Questionnaire; (f) a completed Schedule 13-D Questionnaire and (g) a signed
Substitute IRS Form W-9.
DATE: BY:
----------------------- -----------------------------
(Signature)
DATE: BY:
----------------------- -----------------------------
(Signature)
<PAGE>
Loan No.
SANTA CLARA LAND TITLE COMPANY
WHEN RECORDED MAIL TO:
- -------------------------------------------------------------------------------
POWER OF ATTORNEY
GENERAL
BY THIS POWER OF ATTORNEY:
I (We) Clyde J. Berg the undersigned Principal(s) (jointly and severally, (if
more than one) hereby make, constitute and appoint Carl E. Berg my(our) true
and lawful attorney(s).
In principal's name, and for principal's use and benefit, said attorney is
authorized hereby:
(1) to buy, sell, exchange, mortgage, hypothecate, assign, transfer, convey
and make contracts of every kind relative to land, (including improvements
and fixtures thereon) any interest therein or the possession thereof, to take
possession and exercise control over the use thereof, and to create or
authorize the creation of a joint tenancy with right of survivorship therein;
(2) to buy, sell, exchange, mortgage, hypothecate, assign, transfer, convey
and in any manner deal in and with goods, wares, and merchandise, choses in
action, certificates or shares of capital stock; and other property in
possession or in action, and to make, do, and transact all and every kind of
business of whatever nature;
(3) to ask, demand, sue for, collect, and receive all money, debts, accounts,
legacies, bequests, interests, dividends, annuities, and demands as are now
or shall hereafter become due, payable, or belonging to principal(s) and to
take all lawful means, for the recovery thereof and to compromise the same
and give discharges for the same;
(4) to execute, acknowledge and deliver contracts of sale, contracts of
exchange, agreements, escrow instructions, indemnity agreements, deeds,
options, assignments of options, leases including leases for minerals and
hydrocarbon substances, assignments of leases, subleases, covenants,
agreements and assignments of agreements, affidavits, dedications to public
use, declarations, maps, notices, mortgages and assignments of mortgages,
conveyances in trust to secure indebtedness or other obligations, and assign
the beneficial interest thereunder, subordinations of liens or encumbrances,
bills of lading, bills, bonds, notes, receipts, evidences of debt, releases
and satisfactions of mortgages, substitutions of trustee, full or partial
reconveyances of deeds of trust, requests to reconvey deeds of trust, partial
or full, judgments, and other debts, and other documents in writing of
whatever kind and nature, all upon such terms and conditions and under
such covenants as said attorney(s) shall approve.
GIVING AND GRANTING to said attorney(s) full power and authority to do all
and every act and thing whatsoever requisite and necessary to be done
relative to any of the foregoing as full to all intents and purposes as
principal might or could do if personally present. Unless limited to a
specifically described parcel of land in the section below, the powers herein
conferred upon said attorney shall be applicable to all real and personal
property or interests therein now owned or hereafter acquired by me(us) and
wherever situate.
/ / The powers herein conferred upon my(our) said attorney shall be limited
to the following described land:
Dated: October 16, 1992 /s/ Clyde J. Berg
--------------------------- --------------------------------
) Clyde J. Berg
STATE OF CALIFORNIA - ) --------------------------------
COUNTY OF ORANGE ) --------------------------------
--------------------------------
On October 16, 1992
-------------------------------
before me, the undersigned, a Notary
Public in and for said State, personally
appeared Clyde J. Berg
-------------------------------
- ----------------------------------------
personally known to me (or proved to me
on the basis of satisfactory evidence) to
be the person(s) whose name(s) is/are [SEAL]
subscribed to the within instrument and
acknowledged to me that he/she/they
executed the same.
WITNESS my hand and official seal.
Signature /s/ Alice M. Stump
------------------------------
This is a standard form. Before you sign it read it, fill in all the blanks,
and make changes proper to your transaction. Consult an attorney if you
doubt the form's fitness for your purpose or you do not understand it.
