Allowance from Amendment to Lease Agreement
THIS SECOND AMENDMENT TO LEASE AGREEMENT (this "Amendment") is made and entered into as of May 6, 2014, by and among DAGMAR DOLBY, AS TRUSTEE OF THE DOLBY FAMILY TRUST DATED MAY 7, 1999, DAGMAR DOLBY, AS TRUSTEE OF THE RAY DOLBY 2002 TRUST A DATED APRIL 19, 2002, and DAGMAR DOLBY, AS TRUSTEE OF THE RAY DOLBY 2002 TRUST B DATED APRIL 19, 2002 (collectively, "Landlord"), and DOLBY LABORATORIES, INC., a California corporation ("Tenant").
Allowance. Tenant shall be entitled to an allowance (the "Allowance") in an amount not to exceed Ninety Dollars ($90.00) per rentable square foot of the Premises for the costs relating to the Tenant Improvement Work described in Section 8(c) below. In no event shall Landlord be obligated to make disbursements pursuant to this Section 8 in a total amount which exceeds the Allowance (subject to the provisions of Section 8(i) below which provide for a possible increase in the amount of the Seismic Allowance, as defined below). All construction and other costs not covered by the Allowance shall be paid by Tenant in accordance with Article 10 of the Lease. Tenant must submit Payment Request Supporting Documentation (as hereinafter defined) for such work in order to be entitled to receive the Allowance for such work. The term "Tenant Improvement Work" shall mean: (i) all seismic upgrade work ("Seismic Work"), (ii) building systems repair or replacement work ("Base Building Work"), and (iii) the design, permitting and construction of Tenant's improvements which are permanently affixed to the Premises (the "Tenant Buildout Work"), which Tenant Improvement Work shall be managed by Tenant. Tenant shall have the Second Amendment to 100 Potrero Leaseoption to determine in which fiscal year(s) during the Extended Term to use the Allowance, with prior written notice to Landlord.