Ambarella signs 104-month lease for new executive offices in Santa Clara

AMBARELLA INC

Lease for 57,871 sq ft at 3001 Tasman Drive, Santa Clara, dated Dec 20, 2024.
Initial monthly rent of $144,677.50, escalating annually to $183,273.13 by 2033.
Security deposit of $434,033, reducible to $183,273 starting in 2028 based on financial metrics.
Initial term 104 months with five-year renewal option; improvements targeted completion by Sep 1, 2025.
Facility will serve as the company's new executive offices.

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