SECOND AMENDMENT TO OFFICE LEASE
Exhibit 10.19
SECOND AMENDMENT TO OFFICE LEASE
THIS SECOND
AMENDMENT TO OFFICE LEASE (this “Amendment”) is executed
this 21st day of February, 2008 by and between DUKE REALTY LIMITED PARTNERSHIP,
an Indiana limited partnership doing business in North Carolina as Duke Realty of Indiana Limited
Partnership (“Landlord”), and SCIQUEST, INC., a Delaware corporation (“Tenant”), successor in
interest to Kroy Building Products, Inc., a Delaware corporation (“Kroy”).
WITNESSETH:
WHEREAS, Landlord and Kroy entered into that certain Lease Agreement dated September 29, 2006,
as amended by that certain First Amendment to Office Lease dated January 31, 2007 (collectively,
the “Lease”), whereby Tenant leases from Landlord certain premises consisting of approximately
7,224 rentable square feet (the “Leased Premises”) located at 0000 Xxxxxx Xxxxxxx, Xxxxx 000, Xxxx,
Xxxxx Xxxxxxxx 00000, within Weston Parkway (the “Park”);
WHEREAS, Kroy heretofore assigned all of its interest in the Lease to Tenant; and
WHEREAS, Landlord and Tenant desire to amend certain provisions of the Lease.
NOW, THEREFORE, in consideration of the foregoing premises, the mutual covenants herein
contained and each act performed hereunder by the parties, Landlord and Tenant hereby enter into
this Amendment.
1. Incorporation of Recitals. The above recitals are hereby incorporated into this
Amendment as if fully set forth herein.
2. Amendment of
Article 8. Section 8.04(a)(i) is hereby deleted in its entirety and
replaced with the following:
“(i) Liability Insurance. Commercial General Liability Insurance (which insurance shall
not exclude blanket, contractual liability, broad form property damage, personal injury, or fire
damage coverage) covering the Leased Premises and Tenant’s use thereof against claims for bodily
injury or death and property damage, which insurance shall provide coverage on an occurrence basis
with a per occurrence limit of not less than $6,000,000, which may be satisfied by any combination
of primary and excess or umbrella per occurrence policies.”
3. Amendment of Article 13.
(a) Section 13.01(a) is hereby deleted in its entirety and replaced with the
following:
“(a) Tenant fails to pay any Monthly Rental Installments or Additional Rent within five
(5) business days after the same is due. Notwithstanding anything to the contrary in this Section
13.01(a), if Tenant fails to pay any Monthly Rental Installments or Additional Rent within five (5)
days after the same is due, Landlord shall provide Tenant with a written courtesy notice of such
Default and Tenant shall have an additional five (5) days to cure such Default; provided, however,
that Landlord shall not be required to give such courtesy notice more than one (1) time with
respect to any particular Default, nor more than one (1) time in any consecutive twelve (12) month
period with respect to any payment Defaults in the aggregate.”
(b) Section 13.01(c) is hereby deleted in its entirety and replaced with the
following:
“(c) Tenant shall vacate or abandon the Leased Premises, or fail to occupy the Leased
Premises or any substantial portion thereof for a period of thirty (30) days. Notwithstanding the
foregoing, Tenant shall not be held in default under Section 13.01(c), provided that: (A)
Tenant is not otherwise in default under the Lease, (B) Tenant continues to pay rent through the
end of the term of the Leased Premises, (C) Tenant adequately secures the Leased Premises to
prevent damage, destruction or vandalism to the Leased Premises, (D) Tenant continues such
utilities to the Leased Premises as will prevent any damage to the Leased Premises, and (E) Tenant
continues to provide insurance for the Leased Premises and pays any increased premium resulting
from a lack of a tenant in the Leased Premises.”
4. Deletion of Article 14. Article 14 is hereby deleted in its entirety.
5. Tenant’s Representations and Warranties. The undersigned represents
and warrants to Landlord that (i) Tenant is duly organized, validly existing and in good standing
in accordance with the laws of the state under which it was organized and if such state is not the
state in which the Leased Premises is located, that it is authorized to do business in such state;
(ii) all action necessary to authorize the execution of this Amendment has been taken by Tenant;
and (iii) the individual executing and delivering this Amendment on behalf of Tenant has been
authorized to do so, and such execution and delivery shall bind Tenant. Tenant, at Landlord’s
request, shall provide Landlord with evidence of such authority.
6 Examination of Amendment. Submission of this instrument for examination or signature
to Tenant does not constitute a reservation or option, and it is not effective until execution
by and delivery to both Landlord and Tenant.
7. Definitions. Except as otherwise provided herein, the capitalized terms used in this
Amendment shall have the definitions set forth in the Lease.
8. Incorporation. This Amendment shall be incorporated into and made a part of the
Lease, and all provisions of the Lease not expressly modified or amended hereby shall remain in
full force and effect.
[Signatures on Following Page]
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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed on the day and year
first written above.
| LANDLORD: DUKE REALTY LIMITED PARTNERSHIP, an Indiana limited partnership doing business in North Carolina as Duke Realty of Indiana Limited Partnership |
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| By: | Duke Realty Corporation, | |||
| its General Partner | ||||
| By: | /s/ Xxxxxxx X. Xxxxxxx | |||
| Xxxxxxx X. Xxxxxxx | ||||
| Senior Vice President Raleigh Operations |
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| TENANT: SCIQUEST, INC., a Delaware corporation |
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| By: | /s/ Xxxxxxx Xxxxx | |||
| Name: | Xxxxxxx Xxxxx | |||
| Title: | President & CEO | |||
END OF EXECUTION SIGNATURES
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