Exhibit 10.3
AMENDMENT NO. 1 TO OFFICE BUILDING LEASE DATED
May 20, 1993, By and Between Puente Hills Business Center II, a California
limited partnership, as "Landlord" and Adept Technology, Inc., a California
corporation, as "Tenant".
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This Amendment No. 1 to Office Building Lease is made as of this ninth (9th) day
of September, 1997 by and between Puente Hills Business Center II, a California
limited partnership, as "Landlord" and Adept Technology, Inc., a California
corporation, as "Tenant".
RECITALS
A. WHEREAS, Landord and Tenant entered into that certain office building
Lease dated May 20, 1993, (the "Lease") relating to office space in
that certain office building located at 17800 Castleton Street, Suite
175, City of Industry, California 91748, in that certain office project
known as Puente Hills Business Center II.
B. WHEREAS, the parties desire to amend said Lease to reflect certain
items hereinafter provided, effective July 15, 1998.
NOW, THEREFORE, in consideration of the above recitals and the mutual
covenants and agreements contained herein, IT IS HEREBY AGREED AS
FOLLOWS:
WITNESSETH
1. Term: The term of the Lease shall be extended for four (4) years
commencing on September 18, 1997 and terminating on September 17, 2001.
2. Base Rent: The Base Rent as specified in 5.A of the Lease shall be as
follows:
09/18/97-09/17/99 $7,084.00
09/18/99-09/17/02 $7,372.00
3. All other terms and conditions of said Lease shall remain in full force
and effect.
"LANDLORD" "TENANT"
PUENTE HILLS BUSINESS CENTER II Adept Technology, Inc.,
a California limited partnership a California corporation
by Amel Management Company,
Its Agent
By: /s/ Kevin P. Hauber By: /s/ Bruce Shimano
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Kevin P. Hauber, Vice President Bruce Shimano
Date: Date: 9/23/97
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