0000936395-12-000016.txt : 20120215 0000936395-12-000016.hdr.sgml : 20120215 20120215160100 ACCESSION NUMBER: 0000936395-12-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120213 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120215 DATE AS OF CHANGE: 20120215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CIENA CORP CENTRAL INDEX KEY: 0000936395 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 232725311 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21969 FILM NUMBER: 12616045 BUSINESS ADDRESS: STREET 1: 1201 WINTERSON ROAD CITY: LINTHICUM STATE: MD ZIP: 21090 BUSINESS PHONE: 4108658500 MAIL ADDRESS: STREET 1: 1201 WINTERSON ROAD CITY: LINTHICUM STATE: MD ZIP: 21090 8-K 1 a8-kcarlingleaseextension.htm 8-K 8-K (Carling Lease Extension)



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
 
FORM 8‑K
 
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
 
 
Date of report (Date of earliest event reported) February 13, 2012
 
Ciena Corporation
(Exact Name of Registrant as Specified in Its Charter)
 
 
 
Delaware
(State or Other Jurisdiction of Incorporation)
 
 
 
0-21969
 
23-2725311
(Commission File Number)
 
(IRS Employer Identification No.)
 
 
 
1201 Winterson Road, Linthicum, MD
 
21090
(Address of Principal Executive Offices)
 
(Zip Code)
 
 
 
(410) 865-8500
(Registrant's Telephone Number, Including Area Code)
 
n/a
(Former Name or Former Address, if Changed Since Last Report)
 
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
 
o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
 
o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
 
o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))







ITEM 1.01 - ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On February 13, 2012, Ciena Canada, Inc., a subsidiary of Ciena Corporation, and Public Works and Government Services Canada (PWGSC), entered into an amendment (the “Amendment”) to the agreement dated March 19, 2010 relating to Ciena's lease of the “Lab 10” building on the former Nortel Carling Campus (the “Lab 10 Lease”) in Ottawa, Canada. The Amendment extends the term of the Lab 10 Lease from March 19, 2015 to March 18, 2016, with the resulting aggregate annual payment by Ciena for this additional year to be approximately $8.8 million CAD, consisting of both base rent and additional operating expense obligations under the Lab 10 Lease. In connection with the Amendment, by separate agreement, Ciena and PWGSC agreed to shorten the term of the lease of Ciena's “Lab 2” facility on the Carling Campus from March 18, 2015 to December 31, 2012. A copy to the Amendment is incorporated herein by reference to Exhibit 1.1 to this Form 8-K. A copy of the Lab 10 Lease, along with a description of its terms, was filed by Ciena on March 25, 2010 on Form 8-K.

ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS

(c)
The following exhibit is being filed herewith:
 
 
 
 
Exhibit Number
Description of Document
 
Exhibit 1.1
Lab 10 Lease Amending Agreement dated February 13, 2012
 






     


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
                        
 
Ciena Corporation
 
 
 
Date: February 14, 2012
By:
/s/ David M. Rothenstein
 
 
David M. Rothenstein
 
 
Senior Vice President, General Counsel and Secretary



EX-1.1 2 ex11lab10leaseamendingagre.htm EX. 1.1 Ex. 1.1 Lab 10 Lease Amending Agreement



LAB 10 LEASE AMENDING AGREEMENT


THIS LEASE AMENDING AGREEMENT (the “Agreement”) is made as of the 13th day of February, 2012.

BETWEEN:

HER MAJESTY THE QUEEN IN RIGHT OF CANADA, AS REPRESENTED BY THE MINISTER OF PUBLIC WORKS AND GOVERNMENT SERVICES
(hereinafter the “Landlord”)

OF THE FIRST PART

-and-

CIENA CANADA, INC.
(hereinafter the “Tenant”)

OF THE SECOND PART


WHEREAS by a lease dated March 19, 2010, Nortel Networks Technology Corporation (“Nortel”) leased to the Tenant the whole of the building known as “Lab 10” and comprised of a deemed rentable area of 265,000 square feet (hereinafter the “Leased Premises”) situated on the property known municipally as the Carling Campus, 3500 Carling Avenue, Ottawa, Ontario (the “Lease”), on the terms, covenants and conditions set out therein;

AND WHEREAS by a lease dated March 19, 2010, Nortel leased to the Tenant a portion of the building known as “Lab 2” and comprised of a deemed rentable area of 23,552 square feet (hereinafter the “Surrendered Premises”) situated on the property known municipally as the Carling Campus, 3500 Carling Avenue, Ottawa, Ontario (such lease, as amended by a lease amending agreement dated August 1, 2010, hereinafter collectively referred to as the “Surrendered Lease”), on the terms, covenants and conditions set out therein;

AND WHEREAS by virtue of the agreement of purchase and sale dated October 15, 2010 between the Landlord and Nortel, the Landlord is the registered and beneficial owner of the Carling Campus (inclusive of the Leased Premises and the Surrendered Premises) and the landlord under the Lease and the Surrendered Lease, being the successor in title to the interest of Nortel in the Carling Campus;

AND WHEREAS pursuant to Section 27.1 of the Lease, on December 15, 2010, the Landlord directed Nortel to provide to the Tenant an Early Termination Notice, so as to exercise its rights under the aforesaid Section 27.1 to terminate the Term of the Lease effective as of March 18, 2015;

AND WHEREAS the Tenant has requested that the term of the Lease be extended from March 19, 2015 to and including March 18, 2016;

AND WHEREAS the parties hereto have agreed, subject to the term of the Surrendered Lease being amended to expire and end at 11:59 o'clock p.m. on December 31, 2012, to so extend the term of the Lease and amend the Lease as set out herein;

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NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree, as of the date of this Agreement, that:
1.
The recitals contained herein are true and accurate in every respect and may be relied upon by the parties as statement of fact. The parties shall not assert facts contrary to those set out above in the recitals.

2.
Except as otherwise expressly defined herein, capitalized words and phrases used but not defined herein have the meanings given to them in the Lease.

3.
The Lease is amended to extend the Term from March 19, 2015 for a further twelve (12) months commencing on March 19, 2015 and expiring on March 18, 2016 (the “Extended Term”) upon the same terms, covenants and conditions as contained in the Lease, except as otherwise provided herein, and the Lease (including the definitions of “Term” and “Expiration Date”) is hereby amended accordingly. For clarity, the Tenant acknowledges and agrees that the Tenant has no right to renew or extend the Term of the Lease, as extended by the Extended Term, beyond March 18, 2016.

4.
Section 2.2 of the Lease is amended such that for the period of the Extended Term, the annual Fixed Rent payable by the Tenant shall be $CDN 4,587,175, payable in equal monthly installments of $CDN 382,264.58, plus applicable harmonized sales taxes. The Fixed Rent for the current period of the Term ending on March 18, 2015 remains as per the terms of Section 2.2 of the Lease, without amendment (that is, an annual Fixed Rent of $CDN 3,435,175.08, payable in equal monthly installments of $CDN 286,264.59, plus applicable harmonized sales taxes).

5.
The Landlord and the Tenant confirm that the Tenant's annual Operating Expense Contributions are as follows for the stated periods of the Term (as extended hereby), each having been calculated in accordance with the formula set out in Section 2.3 of the Lease:
March 19, 2012 to March 18, 2013:
$CDN 3,994,421.62
March 19, 2013 to March 18, 2014:
$CDN 4,074,310.05
March 19, 2014 to March 18, 2015
$CDN 4,155,796.25
March 19, 2015 to March 18, 2016
$CDN 4,238,912.18

6.
All Rent for a partial month shall be adjusted and pro rated in accordance with the number of days in such month.

7.
The Landlord and the Tenant hereby confirm that in all other respects the Lease remains in full force and effect, unchanged and unmodified except as amended expressly in accordance with this Agreement.

8.
This Agreement shall be governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein.

9.
This Agreement may be executed in several counterparts, each of which when executed shall be deemed to be an original and such counterparts together shall constitute one and the same instrument. Any such counterpart may be delivered by facsimile transmission, PDF or electronic mail and such delivery shall be valid and sufficient. Each party that delivers such counterpart by facsimile transmission, PDF or electronic mail shall as soon as reasonably practicable thereafter forward to the other party the originally executed copy of the same.

10.
Each party agrees to make such further assurances as may be reasonably required from time to time by another

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to more fully implement the true intent of this Agreement.

11.
This Agreement shall be binding upon, extend to and enure to the benefit of each of the Landlord and the Tenant and to each of their respective legal representatives, heirs, executors, administrators, successors and permitted assigns.


IN WITNESS WHEREOF, the parties have executed this Lease Amending Agreement as of the date first set forth above.

 
 
HER MAJESTY THE QUEEN IN RIGHT OF CANADA, AS REPRESENTED BY THE MINISTER OF PUBLIC WORKS AND GOVERNMENT SERVICES
Per:
/S/ Denis Charette
 
Name: Denis Charette
Title: Director, Service des biens Immobiliers, SCN Director, NCA Real Estate Services
 
 
 
 
 
 
CIENA CANADA, INC.
Per:
/S/ David M. Rothenstein
 
Name: David M. Rothenstein
Title: Sr. Vice President, General Counsel & Secretary





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