EXHIBIT 10.43
THIRD AMENDMENT TO
STANDARD LEASE AGREEMENT
THIS THIRD AMENDMENT TO STANDARD LEASE AGREEMENT (this "Amendment") is
made by and between AGBRI ▇▇▇▇▇▇ LIMITED PARTNERSHIP, a Delaware limited
partnership ("Landlord") and INTERLIANT, INC., a Delaware corporation
("Tenant"), formerly Sage Networks, Inc., a Delaware corporation, effective this
the 15/th/ day of May, 2000 (the "Effective Date").
W I T N E S S E T H
WHEREAS, Landlord by its predecessor, LaSalle Partners Management
Limited (in its capacity as agent for ▇▇▇▇▇▇ Street Limited Partnership, a
Delaware limited partnership), and Tenant by its predecessor, Wolf
Communications Company, a Texas corporation doing business as Interliant,
entered into that certain Standard Lease Agreement dated June 11, 1995, as
amended by that certain First Amendment to Standard Lease Agreement dated
effective January 18, 1996, and by that certain Second Amendment to Standard
Lease Agreement dated effective August 8, 1996 (as amended to date, the
"Lease"), for the lease of approximately 59,885 square feet of Agreed Rentable
Area located on Floor 7 of the ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Building ("Building") (the
land on which the Building is located is more particularly described in Exhibit
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B attached to the Lease), all in accordance with the terms, conditions,
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covenants and obligations contained in the Lease; and
WHEREAS, beginning on the Effective Date, Tenant desires to expand the
Premises to include approximately 6,155 square feet of Agreed Rentable Area
located in the Basement of the Building, as shown on the attached Exhibit A (the
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"Third Expansion Space"); and
WHEREAS, Landlord has agreed to the requested expansion subject to the
terms of this Amendment.
NOW, THEREFORE, in and for the premises contained in this Amendment and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Landlord and Tenant agree to amend the Lease as follows:
1. All capitalized terms used herein and not otherwise defined herein
shall have the meaning given to such terms in the Lease. Unless
specifically modified by the foregoing provisions, all of the terms and
conditions of the Lease shall remain unchanged and in full force and
effect, it being the intent of the parties to add the Third Expansion
Space to the Premises.
2. Item 2 of the Basic Lease Provisions is amended to reflect the addition
of the Third Expansion Space to the Premises, which Tenant accepts in
its "as-is" condition and to which Tenant acknowledges Landlord is
under no obligation to make any leasehold improvements, and the Agreed
Rentable Area of the Premises beginning on the Effective Date shall
read as follows:
Agreed Rentable Area: 66,040 square feet.
3. Basic Rent for the Third Expansion Space shall be as follows:
Rate Per Square Basic Basic
Rental Foot of Agreed Annual Monthly
Period Rentable Area Rent Rent
------ ------------- ---- ----
RCD - ED $ 17.00 $104,640.00 $ 8,720.00
RCD = Third Expansion Space Rental Commencement Date
ED = Third Expansion Space Expiration Date
4. Item 4 of the Basic Lease Provisions is amended to reflect the addition of
the Third Expansion Space and shall read as follows:
Tenant's Pro Rata Share Percentage from and after the Third Expansion
Space Rental Commencement Date: 8.42% (the Agreed Rentable Area of the
Premises divided by the Agreed Rentable Area of the Building, expressed
in a percentage).
5. Item 5 of the Basic Lease Provisions is amendedonly with respect to the
Third Expansion Space, to read as follows:
Tenant's Operating Expense Stop for the Third Expansion Space only:
Equal to actual Operating Expenses for the calendar year 2000, grossed
up in accordance with Subsection 2.202 of the Supplemental Lease
Provisions (see Article 2, Supplemental Lease Provisions).
6. Item 6 of the Basic Lease Provisions is amended to add the following:
Third Expansion Space Term: 12 consecutive calendar months commencing
on the Third Expansion Space Rental Commencement Date and ending on the
Third Expansion Space Expiration Date.
7. Item 7 of the Basic Lease Provisions is amended to add the following:
Third Expansion Space Commencement Date: The Effective Date
Third Expansion Space Rental Commencement Date: The earlier of: (i) the
date Tenant occupies any part of the Third Expansion Space for purposes
of conducting business and (ii) Substantial Completion of the Work to
be performed in the Third Expansion Space.
8. Item 8 of the Basic Lease Provisions is amended to add the following:
Third Expansion Space Expiration Date: the date that is the last day of
the 12/th/ month following the Third Expansion Space Rental
Commencement Date.
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9. Tenant shall be entitled to receive four additional unreserved parking
spaces in the Garage for the Third Expansion Space in satisfaction of
Landlord's obligation under Paragraph 1 of the Garage Parking Agreement
attached as Exhibit E to the Lease.
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10. The Third Expansion Space shall become a part of the Premises in accordance
with, and shall be governed by, the provisions of the Lease, as amended,
except for the following matters:
(a) Tenant accepts the Third Expansion Space "as-is." All leasehold
improvements shall be constructed in the Third Expansion Space, and
the cost thereof paid, by Tenant in accordance with this Amendment.
Landlord has not undertaken to perform any alteration or improvement
to the Third Expansion Space.
(b) On 90 days' written notice to Tenant, Landlord may terminate
Tenant's lease of the Third Expansion Space Term ("Termination") for
any reason, without any liability to Tenant and without affecting the
Lease in any other respect. Tenant waives, and indemnifies and agrees
to hold Landlord harmless against, any and all claims, whether
statutory or common law, whether at law or in equity, against Landlord
arising from or out of any Termination pursuant to this provision.
(c) Landlord may require Tenant, upon 60 days' written notice (the
"Relocation Notice"), to relocate the Third Expansion Space to any
other premises (the "Relocation Space") within the Building, depending
on availability and subject to the following:
(i) The Relocation Notice shall specify the location of the
Relocation Space, the date of relocation and the square footage
of the Relocation Space, which can be 85% to 115% of the Agreed
Square Footage of the Third Expansion Space. Upon Tenant's
acceptance of the relocation pursuant to the terms of this
Paragraph 10 and of the Relocation Notice, the square footage of
the Relocation Space, as set forth in the Relocation Notice shall
become the Agreed Square Footage of the Relocation Space.
(ii) Within 30 days of Tenant's receipt of the Relocation
Notice, Tenant shall notify Landlord in writing of its decision
either to: (1) accept relocation pursuant to the terms of the
Relocation Notice and this Paragraph 10 or (2) terminate Tenant's
lease of the Third Expansion Space pursuant to this Amendment as
of the date of relocation specified in the Relocation Notice.
(iii) Tenant agrees to accept the Relocation Space, if at all,
"as-is." All leasehold improvements shall be constructed in the
Relocation Space, and the cost thereof paid, by Tenant in
accordance with this
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Amendment. Landlord has not undertaken to perform any alteration
or improvement to the Relocation Space.
(iv) The Rate Per Square Foot of Agreed Area of the
Relocation Space shall be$17.00 and the Third Expansion Space
Term shall remain unchanged by Tenant's relocation under the
provisions of this Paragraph 10.
(v) Tenant shall bear all costs and expenses of relocation
to the Relocation Space, including moving expenses and costs of
leasehold improvements in the Relocation Space.
(vi) Upon Tenant's occupancy of the Relocation Space
pursuant to the terms of this Paragraph 10, the parties shall
execute an amendatory document in Landlord's then current form
setting forth the Agreed Rentable Area of the Premises (including
the Relocation Space), Tenant's new Pro Rata Share Percentage,
and the Basic Monthly Rent of the Relocation Space.
(c) The leasehold improvements in the Third Expansion Space (and the
Relocation Space, if any) shall be constructed in accordance with the
Work Letter attached as Exhibit C to the Lease, except as follows:
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(i) The time frame for delivery of Construction Plans pursuant
to Section 1.1 shall run, not from the date of execution of the
Lease, but rather: (1) from the Effective Date with respect to
the Third Expansion Space; and (2) from the date of the
Relocation Notice, if any, for the Relocation Space, if any.
(ii) Landlord shall not provide Tenant a Finish Allowance
(Sections 2.1 and 3(b)) for the Third Expansion Space or any
Relocation Space.
(iii) Landlord shall have no obligation to construct the
Landlord's Work set forth in Section 8(i), because that work has
been completed and accepted by Tenant.
11. Section 5.103(c) of the Lease, as amended, shall not require Landlord to
furnish UPS power in excess of 50 kVA to the Third Expansion Space, or to
any Relocation Space.
12. This Amendment contains the parties' entire agreement regarding the subject
matter covered by this Amendment, and supersedes all prior correspondence,
negotiations, and agreements, if any, whether oral or written, between the
parties concerning such subject matter. There are no contemporaneous oral
agreements, and there are no representations or warranties between the
parties not contained in this Amendment. The terms and provisions of the
Lease shall remain in full force and effect, and the Lease, shall be
binding upon and shall inure to the benefit of the parties hereto, their
successors and permitted assigns.
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EXECUTED EFFECTIVE as of the day first set forth above.
Landlord: Tenant:
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AGBRI ▇▇▇▇▇▇ LIMITED INTERLIANT, INC., a Delaware
PARTNERSHIP, a Delaware corporation corporation
By: ▇▇▇▇▇▇▇ West Investment Corporation,
a Delaware corporation, its authorized By: /s/ ▇▇▇▇ ▇▇▇▇▇
agent --------------------------------
Name: ▇▇▇▇ ▇▇▇▇▇
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Title: General Manager
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By:[ILLEGIBLE]^^
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Name:__________________________
Title:_________________________
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