INTERSIL CORP/DE
AMENDMENT TO LEASE AGREEMENT
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<TYPE>EX-10.12
<SEQUENCE>14
<FILENAME>dex1012.htm
<DESCRIPTION>AMENDMENT TO LEASE AGREEMENT
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<TITLE>Prepared by R.R. Donnelley Financial -- Amendment to Lease Agreement</TITLE>
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  <p align=right><font size=2><b>Exhibit 10.12 </b></font></p> <p align=center><font size=2><b> First Amendment to Lease Agreement </b></font></p> <p align=left><font
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This First Amendment to Standard Industrial/Commercial Single, Tenant Lease-Net Lease (this &#147;First Amendment&#148;) is entered into by and between ROBERT RUGGLES, an
individual (&#147;Lessor&#148;), and ELANTEC SEMICONDUCTOR, INC., a Delaware corporation (&#147;Lessee&#148;), effective the date it is executed by the last party to become a signatory under &#147;Authorized Signatures&#148; below. This First
Amendment amends the Standard Industrial/Commercial Single-Tenant Lease Net Lease entered into between Lessor and the predecessor-in-interest to Lessee as of June 23, 1993, and the addendum thereto (&#147;Lease&#148;).</font></p> <p
align=center><font size=2><b> Recitals </b></font></p> <p align=left><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;&nbsp;&nbsp;Lessor and the predecessor-in-interest to Lessee entered into that certain
Lease for the premises commonly known as 1996 Tarob Court, Milpitas, California (&#147;Premises&#148;).</font></p> <p align=left><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;&nbsp;&nbsp;Lessor and
Lessee desire to extend the term of the Lease on the terms and conditions set forth below.</font></p> <p align=center><font size=2><b> Agreement </b></font></p> <p align=left><font
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, in consideration of the foregoing Recitals, the mutual covenants contained in this Agreement and of good, lawful and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, Lessor and Lessee agree as follows:</font></p> <p align=left><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;Controlling Document. In the event
of a conflict between the terms or provisions of this First Amendment and the terms or provisions of the Lease, the terms of this First Amendment shall prevail in all respects. All terms and conditions of the Lease not specifically modified herein
shall remain unchanged and in full force and effect. All terms not specifically defined herein are as defined in the Lease.</font></p> <p align=left><font
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;Term. Section 1.3 of the Lease is revised to provide that the term of the Lease is eleven (11) years and six (6) months, commencing on January 1, 1994
and ending on June 30, 2005.</font></p> <p align=left><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;Base Rent. The Base Rent payable under the Lease, as defined in Paragraph 1.5 of the
Lease, is revised as follows:</font></p>
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<td valign=bottom align=Left><font size=1><b> <u> Period </u> </b></font></td>
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<td align=center valign=bottom width="74" colspan="2"><font size=1><b> Total Base Rent </b><br><b> <u> Per Month </u> </b></font></td>
<td width="8"></td> </tr>
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<td valign=bottom align=Left><font size=2>January 1, 1994 to June 30, 1996</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=Right valign=bottom width="70"><font size=2>$25,157.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
<td width="8">&nbsp;</td> </tr>
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<td valign=bottom align=Left><font size=2>&nbsp;&nbsp;&nbsp;July 1, 1996 to June 30, 1997</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=Right valign=bottom width="70"><font size=2>$31,446.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
<td width="8">&nbsp;</td> </tr>
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<td valign=bottom align=Left><font size=2>&nbsp;&nbsp;&nbsp;July 1, 1997 to June 30, 1999</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=Right valign=bottom width="70"><font size=2>$33,333.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
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<td valign=bottom align=Left><font size=2>&nbsp;&nbsp;&nbsp;July 1, 1999 to June 30, 2001</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=Right valign=bottom width="70"><font size=2>$35,333.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
<td width="8">&nbsp;</td> </tr>
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<td valign=bottom align=Left><font size=2>&nbsp;&nbsp;&nbsp;July 1, 2001 to June 30, 2003</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=Right valign=bottom width="70"><font size=2>$37,453.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
<td width="8">&nbsp;</td> </tr>
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<td valign=bottom align=Left><font size=2>&nbsp;&nbsp;&nbsp;July 1, 2003 to June 30, 2005</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=Right valign=bottom width="70"><font size=2>$39,700.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
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 <BR> <p align=left><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;Security Deposit. Section 1.7 of the Lease is revised to provide that on July 1, 1996, Tenant
shall increase the security deposit from $26,000.00 to $35,000.00</font></p> <p align=left><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;Real Estate Broker. Lessee is not represented by a
real estate broker in connection with this First Amendment.</font></p> <p align=left><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;Addendum. Section 51 of the addendum included in the
standard lease signed on June 23, 1993 is hereby deleted.</font></p> <p align=left><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;Assignment and Subletting. Section 12 of the Lease is revised
to add Section 12.1 (f) as follows: </font></p> <p align=left><font size=2><b> ______________ </b></font></p>
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<td width="97%"><font size=2>&#147;(f) Lessee is a publicly held corporation. The sale or transfer of any amount of Lessee&#146;s stock shall not constitute an assignment requiring Lessor&#146;s prior written consent.&#148;</font></td> </tr>
</table> <p align=center><font size=2><b>Authorized Signatures </b></font></p> <p align=left><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties hereto have executed this First
Amendment to Lease on the dates indicated.</font></p>
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<td colspan="2" width="40%" align=left><font size=2>&#147;Lessor&#148;<br><br>ROBERT RUGGLES, an individual<br><br><br></font></td></tr>
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<td width="4%" align=left><font size=2>By:&nbsp;&nbsp;</font></td>
<td width="38%" align=left><font size=2>/s/ Robert Ruggles</font></td></tr>
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<td width="38%" align=left><font size=2>May 11, 1996</font></td></tr> </TABLE><br>
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<td colspan="2" width="40%" align=left><font size=2>&#147;Lessee&#148;<br><br><b> ELANTEC SEMICONDUCTOR, INC </b>.<b> , </b> a Delaware corporation<br><br><br></font></td></tr>
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<td width="4%" align=left><font size=2>By:&nbsp;&nbsp;</font></td>
<td width="38%" align=left><font size=2>/s/ David O&#146;Brien</font></td></tr>
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<td width="38%" align=left><font size=2>President<br>May 9th, 1996</font></td></tr> </TABLE><br> <CENTER><font size=2>&nbsp;</font></CENTER><BR> <CENTER><font size=2>&nbsp;</font></CENTER>
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