{"id":41950,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/point-richmond-tech-center-ii-building-b-richmond-ca.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"point-richmond-tech-center-ii-building-b-richmond-ca","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/land\/point-richmond-tech-center-ii-building-b-richmond-ca.html","title":{"rendered":"Point Richmond Tech Center II Building B (Richmond, CA) Industrial Gross Lease &#8211; Point Richmond R&#038;D Associates and Pixar Animation Studios"},"content":{"rendered":"<pre>\n                    FIRST AMENDMENT TO PIXAR\/POINT RICHMOND\n                        TECH CENTER II BUILDING B LEASE\n\n     THIS FIRST AMENDMENT ('Amendment') dated May 8, 1997, is made with\nreference to that certain Industrial Gross Lease between POINT RICHMOND R&amp;D\nASSOCIATES, a California general partnership ('Landlord'), and PIXAR ANIMATION\nSTUDIOS, a California corporation ('Tenant'), dated September 12, 1996 (the\n'Lease') for certain space located in the Building, commonly known as Point\nRichmond Tech Center II Building B (the 'Premises').\n\n     A.   In the process of developing its space plan for the Premises, Tenant\nplanned for the use of more space than the 30,000 square feet originally\nspecified in the Lease.\n\n     B.   In addition, Tenant has delivered to Landlord notice of its desire to\nconvert the Shell Carry Space to Warm Shell Condition pursuant to Section 3.01\nof the Lease.\n\n     C.   It is now in the best interests of both parties to amend the Lease\nrespecting the actual square footage of the Premises as related to the scheduled\nbuildout of tenant improvements in the Build Out Space.\n\n     1.   Section I, DEFINITIONS.  Terms defined in the Lease shall have the\nsame meaning when used in this Amendment, except as amended by this Paragraph 1\nof this Amendment. The Build Out Space square footage is changed to 31,500\nsquare feet. The Shell Carry Space is changed to 13,987 square feet. The Base\nMonthly Rent is changed to $55,119.15, subject to adjustment as specified in\nthis Amendment. The Commencement Date will be May 16, 1997, subject to\nadjustment as specified in this Amendment.\n\n     2.   Section 4.1.   BASE MONTHLY RENT ADJUSTMENT, is amended in its\nentirety to read as follows: 'The Base Monthly Rent for the first six months\nfrom the Commencement Date shall be $50,153.76. From the beginning of the\nseventh month from the Commencement Date until the end of the Initial Term, or\nunless modified pursuant to paragraph 4.2, the Base Monthly Rent shall be\n$55,119.15.'\n\n     3.   Section 4.2.   CONVERSION OF SPACE BASE RENT ADJUSTMENTS, is amended\nto delete the language of Section 4.2 in its entirety and replace it with the\nfollowing sentence: 'Upon the substantial completion of the additional tenant\nimprovements to the Shell Carry Space pursuant to paragraph 3.1 and 19.12, the\nmonthly Base Rent shall be increased to $70,504.85.'\n\n     4.   Section 19.12.  TENANT IMPROVEMENTS, is amended as follows:\n\n          (a)  The following sentence is added to the end of Section 19.12:\n'Working Drawings for the construction of tenant improvements in the Built Out\nSpace have been approved\n\n\n                                       1\n\nby the parties. Landlord has executed a contract with Dome Construction dated\nMarch 4, 1997 (attached as Exhibit A to this Amendment) for construction of\ntenant improvements in the Built Out Space and delivery of the Shell Carry\nSpace in the Warm Shell Condition. Landlord and Tenant agree to co-pay Dome\nConstruction as follows: Landlord will pay 80.15% of each bill to a maximum of\n$810,000 (this number includes the amount necessary to convert the existing\nshell into its Warm Shell Condition minus $8,286 for upgrades to the base\nbuilding HVAC and electrical systems). Tenant will pay the remaining 19.85%.'\n\n    (b)  On page 16, in the first sentence of the paragraph beginning: 'It is\nthe intent . . .,' the words 'this space' are replaced by 'the Premises;' in\naddition, the fifth and sixth sentences of that paragraph are deleted in their\nentirety. Finally, the words prior to 'Landlord' in the last sentence of that\nparagraph are deleted in their entirety.\n\n    5.  The Commencement Date stipulated in Paragraph 1 of this Amendment is\npredicated upon the currently proposed construction schedule for delivery of\nthe Shell Carry Space in the Warm Shell Condition and for completion of tenant\nimprovements in the Built Out Space being met. Exhibit B to this Amendment\nshows the critical schedule\/key milestones which must be met to allow the\nTenant Improvement Work to stay on schedule. If Landlord is not able to deliver\npossession of the Shell Carry Space in the Warm Shell Condition on the\nCommencement Date, then the Commencement Date shall be increased on a\nday-for-day basis until Landlord is able to deliver possession of the Shell\nCarry Space in the Warm Shell Condition and Tenant shall be entitled to offset\nthe amount of $833.00 per day of delay in delivery past the Commencement Date\nagainst the rent due to Landlord (as currently specified in Section 3 of the\nLease), but the Initial Term shall not thereby be extended.\n\n    Except for the amendments, additions and deletions described in this\nAmendment, all other terms and conditions of the Lease remain in full force and\neffect.\n\n\nLANDLORD:                               TENANT:\nRICHMOND R&amp;D ASSOCIATES,                PIXAR ANIMATION STUDIOS,\na California general partnership        a California corporation\n\nBy: [SIG]                               By: [SIG]\n    -------------------------------        -------------------------------\nIts:                                    Its:     Facility Director\n     ------------------------------          -----------------------------\nDated:       , 1997                     Dated:   5-7, 1997\n       ----------------                        ---------------\n\n\n\nEXHIBITS:   A - Construction Contract\n            B - Construction Milestones\n\n\n\n\n                                       2\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8532],"corporate_contracts_industries":[9466],"corporate_contracts_types":[9583,9579],"class_list":["post-41950","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-pixar","corporate_contracts_industries-media__movies","corporate_contracts_types-land__ca","corporate_contracts_types-land"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/41950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=41950"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=41950"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=41950"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=41950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}