EXHIBIT 10.10
1ST AMENDMENT TO LEASE BY AND BETWEEN TYPECRAFT, INC. AND IDEALAB!
AUGUST 7, 1997
Whereas Typecraft Inc. (Lessor) and idealab! (Lessee) entered into a lease on
3/3/97 (Lease) for the real property at 130 and 000 X. Xxxxx Xxxxxx in Pasadena
and.
Whereas that lease granted an option(s) to Lessee to take additional space.
Lessee hereby exercises its option to Lease 000 X. Xxxxx Xxxxxx. The lease is
now modified to incorporate the following terms:
As specified in paragraph 51(c) of lease, base rental for 000 X. Xxxxx
Xxxxxx shall be $3,850 per month. Base rental for the entire
Premises consisting now of 130, 132 and 000 X. Xxxxx Xxxxxx shall be
$15,350 per month.
As specified in paragraph 51(d) of Lease, the $10,000 paid for the
Option shall be credited to rent. This equates to 2 months and
eighteen days of prepaid rent for 000 X. Xxxxx.
As specified in paragraph 51(e) Lessee shall be granted 31.8 months
(31 months and 24 days) of rent abatement in exchange for completing
the work outlined in Lease addendum 9.
For purpose of clarification, accounting for rent abatement and
prepaid rent for 130, 132 and 000 X. Xxxxx, the first rent payment due
on 130 and 000 X. Xxxxx shall be $11,500 on September 1st, 1999. In
June of 2,000, idealab! will pay $12,783.33 (11,500 + 10 days rent for
000 X. Xxxxx.) Commencing July, 2000 rent payments for 130, 132 and
000 X. Xxxxx shall then be $15,350 due on the first of each month
throughout the initial term.
Lease commencement shall be November 8th, 1997 and termination of
initial term shall be February 28th, 2002.
As specified in paragraph 5 of Lease, Lessee hereby increases its
security deposit by an additional $3,850. Lessee's total deposit now
equals $15,350.
Exercised by Lessee Acknowledged by Lessor
IDEALAB! TYPECRAFT, INC.
000 X. Xxxxx Xxxxxx 0000 X. Xxxxxx Xxxxxx
Xxxxxxxx, XX 00000 Xxxxxxxx, XX 00000
/s/ XXXXXXX XXXXX 8/12/97 /s/ D. XXXXX XXXXXXXXXX 8/14/97
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By Xxxxxxx Xxxxx Date D. Xxxxx Xxxxxxxxxx Date
/s/ XXXX XXXXXX 8/14/97
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Xxxx Xxxxxx Date
