Tenant would pay to Landlord one (1) month's rent upon execution of the lease

 THE CAC GROUP

COMMERCIAL REAL ESTATE               

STEVEN A. ANDERSON

255 CALIFORNIA STREET 
2ND FLOORSAN 
FRANCISCO, CA 94111
TEL 415-291-8880
DIRECT 415-291-8880

VICE PRESIDENT
FAX  415-291-8208

November 17, 1997

Mr. Kim Jones
Forecross Corporation
90 New Montgomery Street
Suite 710
San Francisco, CA 94105

RE: 	Lease Expansion Proposal for Forecross Corporation at 90 New Montgomery 
Street,San Francisco

Dear Kim:

The following is a preliminary letter of intent and outlines the basic 
business terms and conditions of a proposed lease between The Canada Life 
Assurance Company (as "Landlord") and Forecross Corporation (as "Tenant") at 
90 New Montgomery Street, San Francisco (the "Building").

1. 	PREMISES:
Approximately 3,974 rentable square feet (suite 1401) on floor 14 
("Premises"). Exhibit A attached hereto shows the location of the Premises 
on the floor. Final space measurement would be subject to Landlord's 
architect's review.

2. 	TERM:

January 1, 1998 to December 31, 2,001.

3. 	COMMENCEMENT:

January 1, 1998 or upon delivery of Premises to Tenant, whichever is sooner.

4.	 BASE RENT:

$ 36.00,per square foot, fully serviced.

5. 	TENANT IMPROVEMENTS:
 Tenant would accept the Premises in their "as is" configuration and 
condition. Prior to Tenant's occupancy the Landlord, at its sole cost and 
expense, shall recarpet and repaint the Premises using building standard 
finishes.

Mr. Kim Jones
November 17, 1997
Page 2

An additional $5.00 per square foot in tenant improvements could be amortized 
as additional rent over the term of the remaining lease term. The Landlord 
would use 11% interest per annum for amortization of Landlord's costs.

Landlord would prepare all architectural and engineering services needed in 
connection with the construction of the tenant improvements if necessary. The 
costs for architectural and engineering services would be paid out of the 
Tenant's amortized costs.

6. 	BASE YEAR FOR OPERATING EXPENSES AND PROPERTY TAXES:
Calendar Year 1997 from January 1, 1997 through December 31, 1997 ("Base 
Year") based an a 95% occupied building. Base Year expenses would be included 
as part of the Base Rent.

If in any calendar year after the Base Year operating expenses and property 
taxes exceed those for the Base Year, Tenant would pay its pro rata share of 
any such increase.

7. 	SECURITY DEPOSIT:
One months' Base Rent would be held by Landlord in a non-interest bearing 
account for the lease term.

8. 	ADVANCE RENT:
Tenant would pay to Landlord one (1) month's rent upon execution of the lease 
agreement between Landlord and Tenant. The advance rent would apply to the 1st 
month's Base Rent payable under the Lease.

9. 	AGENCY:
Landlord and Tenant have been notified and acknowledge the fact that The CAC 
Group and NAMCO represent both the Landlord and Tenant in this 
transaction.

10. 	FINANCIAL REVIEW:
Tenant is to submit evidence of its financial condition (i.e. financial 
statements, bank references, etc.) with this signed letter for review and 
approval by Landlord.

Landlord requests that Tenant evidence by its signature below (1) that the 
foregoing correctly reflects the basic business terms upon which Tenant would 
be prepared to enter into a lease, and (2) Tenant's understanding that this 
letter of intent is preliminary only in nature and is not intended to create 
any legal obligation binding on either party. It is to be used as a basis for 
preparation of a definitive written lease which may contain materially 
additional or different terms and conditions, and which will be subject, in 
any event, to approval in form and substance by each party and its respective 
counsel. Any binding agreement will be only evidenced by such definite lease, 
so approved and mutually executed and delivered by the parties. We have 
enclosed a basic lease information form which the Tenant would need to 
complete in order to allow the Landlord to properly prepare the lease 
document.

Tenant is encouraged to sign and return one duplicate of this letter prior to 
November 25, 1997, so that we may proceed. Naturally, the matter needs 
to go 

Mr. Kim Jones
November 17, 1997
Page 3

forward promptly and without delay, since the Premises will remain on the 
market until a transaction is finally concluded.

As in any real estate transaction, it is recommended that you consult with a 
professional, such as a civil engineer, industrial hygienist or other person, 
with the experience in evaluating the condition of the property including the 
possible presence of asbestos, hazardous materials and underground storage 
tanks.

The parties hereto agree to comply with all applicable federal, state and 
local laws, regulations, codes, ordinances and administrative orders having 
jurisdiction over the parties, property or subject matter of this agreement, 
including, but not limited to, the 1964 Civil Rights Act and all amendments.
thereto, the Foreign Investment in Real Property Tax Act, the Comprehensive 
Environmental Response Compensation and Liability Act, and The American's With 
Disabilities Act.

On behalf of the Landlord, we are excited about the prospect of having 
Forecross Corporation expand as a tenant in 90 New Montgomery Street. Please 
call us should you have any questions or need additional information.

Sincerely,

 

Steven A. Anderson 
Vice President

(415) 291-8886

CC:

Ms. W. White
Ms. A. McNee
Ms. A. Dawkins

AGREED AND ACCEPTED this _______ day of November, 
1997. 

Forecross Corporation

By:	

 

Title:	President and CEO 

Basic Info X:

Name: Tenant would pay to Landlord one (1) month's rent upon execution of the lease
Type: Lease
Date: Jan. 28, 1998
Company: FORECROSS CORP
State: California

Other info:

Date:

  • January 1 , 1998
  • January 1 , 1997
  • December 31 , 1997
  • 1st month
  • November 25 , 1997
  • November 17 , 1997
  • November , 1997

Organization:

  • The Canada Life Assurance Company
  • New Montgomery Street
  • Comprehensive Environmental Response Compensation

Location:

  • CALIFORNIA
  • San Francisco

Money:

  • $ 36.00
  • $ 5.00

Person:

  • Kim Jones
  • Steven A. Anderson
  • W. White Ms. A. McNee Ms. A. Dawkins

Percent:

  • 11 %
  • 95 %