Exhibit 10.23
1. PARTIES: THIS LEASE, is entered into on this 20th day of December, 2000, ("Effective Date") between
ARDENWOOD CORPORATE PARK ASSOCIATES, a California limited partnership, whose address is
10600 North De Anza Boulevard, Suite 200, Cupertino, CA 95014 and NETWORK EQUIPMENT
TECHNOLOGIES, INC., a Delaware corporation (doing business as Net.com), whose address is 6500 Paseo
Padre Parkway, Fremont, California, 94555, hereinafter called respectively "Landlord" and "Tenant".
2. PREMISES:
A. Demise of Premises: Landlord hereby leases to Tenant, and Tenant hires from Landlord those certain
Premises with the appurtenances, situated in the City of Fremont, County of Alameda, State of California,
consisting of the Land and the Improvements described in Section 2.B below.
B. Description of Premises: References in this Lease to the "Premises" mean the real property described in
Exhibit "A" to this Lease (the "Land") and all improvements to be constructed on the Land pursuant to this Lease
(collectively, the "Improvements"). The Improvements include, without limitation, a two-story building containing
approximately 97,747 square feet of rentable area ("Building 1"), a three-story building containing approximately
88,043 square feet of rentable area ("Building 2", with Building 1 and Building 2 being collectively referred to as
the "Buildings"), parking areas, driveways, sidewalks and landscaped areas, all as generally depicted on Exhibit
"B" to this Lease.
C. Rentable Area of Buildings: Upon completion of the shell for each Building (individually, a "Building Shell" and
collectively, the "Building Shells"), Landlord shall cause its independent architect to certify the rentable area of the
Buildings calculated from the outside finished surfaces of outer walls, without deductions, and not including
overhangs, which method of calculation is in accordance with the Standard Method for Measuring Floor Area in
Office Buildings, ANSI Z65.1-1996, for a single-tenant building as published by Buil