EXHIBIT 10.33 (B)
[LETTERHEAD OF XXXXX ASSOCIATED, LTD. APPEARS HERE]
June 16, 1999
MANUGISTICS, INC,
0000 Xxxx Xxxxxxxxx Xxxxxx
Xxxxxxxxx, Xxxxxxxx 00000
ATTN: XX. XXXXX X. XXXXXXX
RE: MANUGISTICS CENTER AT WASHINGTONIAN NORTH
TERMINATION AGREEMENT
Dear Xxxx,
This letter of agreement serves to confirm our discussions regarding the
termination of the above project. As a consequence of the termination of the
Lease and the Phased Development Agreement by and between Manugistics, Inc.
("Manugistics") and Washingtonian North Associates Limited Partnership
("Washingtonian North"), the Development Management Services Agreement among
Manugistics, Washington North, Boston Properties Limited Partnership and Xxxxx
Associates, Ltd. ("Xxxxx") and the program management services being performed
by Xxxxx for Manugistics have been terminated by agreement of all applicable
parties.
This agreement sets forth the understanding of Manugistics and Xxxxx resulting
from the termination of the Development Management Services Agreement and the
program management services.
1. A termination fee of $227,000, shall be paid to Xxxxx in five equal
installments of $45,400.00 by Manugistics. The first payment shall be made
by Manugistics on June 16, 1999, with each succeeding installment being due
and payable on or before the first day of each month thereafter (i.e.,
---
July, August, September and October), beginning July 1, 1999.
2. Manugistics will enter into a separate multi-year agreement with Xxxxx to
provide project management services in North America and, to the extent
Xxxxx can demonstrate added value, for projects outside North America.
Please acknowledge your agreement with this letter of understanding by signing
below.
Sincerely,
/s/ Xxxx X. Xxxxx
Xxxx X. Xxxxx
President
ACCEPTED: MANUGISTICS, INC.
/s/ Xxxxx X. Xxxxxxx 6/16/99
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Xxxxx X. Xxxxxxx, Chief Financial Officer Date
