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N > SEC Filings for N > Form 8-K on 5-Feb-2013All Recent SEC Filings

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Form 8-K for NETSUITE INC


5-Feb-2013

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


ITEM 1.01 Entry into a Material Definitive Agreement.

On February 1, 2013, NetSuite Inc. (the "Company") entered into an amendment (the "Fourth Amendment") of the commercial lease agreement, as amended (the "Lease"), with EOP-Peninsula Office Park, L.L.C. ("EOP-Peninsula") for its corporate headquarters located in San Mateo, California. The Fourth Amendment does not amend the term of the Lease.

Under the terms of the Fourth Amendment, the Company increased the size of the space leased by the Company from EOP-Peninsula by an additional 14,154 square feet, effective February 9, 2013, from 79,589 square feet to 93,743 square feet, through the inclusion of additional space ("Suite 110").

Under the Fourth Amendment, the future base rent payments with respect to Suite 110 will be as follows:

                                             Annual Rate           Monthly
         Twelve months ended August 31,    Per Square  Foot       Base Rent
         2013                             $            40.80     $ 48,123.60
         2014                             $            42.02     $ 49,562.59
         2015                             $            43.28     $ 51,048.76
         2016                             $            44.58     $ 52,582.11
         2017                             $            45.92     $ 54,162.64
         2018                             $            47.30     $ 55,790.35
         2019                             $            48.72     $ 57,465.24

In addition to the above future base rent payments for Suite 110, the Company will be responsible for its pro rata share of expenses and taxes for the building based upon the leasing of Suite 110, as provided in the Lease and the Fourth Amendment.

The foregoing description of the Fourth Amendment does not purport to be complete, and is qualified in its entirety by reference to the Fourth Amendment, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
  No.                               Description of Exhibits

10.1         Fourth Amendment to the Office Lease Agreement by and between the
             Company and EOP-Peninsula Office Park, L.L.C. dated February 1, 2013.


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