Situation summary: Silicon Valley-Based, 2-Year Old Communications Firm with 75 Employees. $25 MM cash, $2 MM / Q burn rate.
Building 1: 50% occupied…achieved 30% rent reduction.
Building 2: 0% occupied…achieved 35% rent reduction.
Building 3: 0% occupied…achieved 40% rent reduction.

Situation summary: Silicon Valley Based, 3 -Year Old Manufacturer of E-Mail Routers with 250 employees. $12 MM cash, $4 MM / Q burn rate.
Building 1: 100% occupied…achieved 50% rent reduction.

Situation summary: Silicon Valley-Based, 12 - Year Old Optical Equipment Company. $200 MM cash, $ 4 MM / Q burn rate.
Building 1: 20% occupied…achieved lease termination
and new lease on occupied portion at 75% savings.