Exhibit 10.26
SECOND AMENDMENT TO LEASE
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THIS SECOND AMENDMENT TO LEASE (this "Second Amendment") is entered
into as of the 1st day of June, 1998 by and between 0000 XXXXXXXXXX XXXXXX
GENERAL PARTNERSHIP ("Landlord") and PATHNET, INC. ("Tenant").
R E C I T A L S
A. Landlord and Tenant are parties to that certain Lease Agreement dated
August 9, 1997, as amended by that certain Amendment to Lease dated March 5,
1998 (together, the "Lease").
B. Landlord and Tenant desire to add certain premises to the Lease
and make certain other modifications to the Lease as more particularly set
forth herein.
NOW, THEREFORE, in consideration of the mutual promises of the parties
and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereby agree as follows:
1. PREMISES. Paragraph 1 of the Lease is hereby deleted, and the
following paragraph is inserted in its place:
Landlord hereby leases to Tenant, and Tenant hereby leases
from Landlord, upon the terms and conditions set forth in
this Lease, the fourth, fifth and sixth floors in the
building located at 0000 00xx Xxxxxx, X.X., Xxxxxxxxxx, X.X.
(the "Leased Premises"). The Leased Premises contain
approximately 15,293 square feet.
2. TERM. The initial term of the Lease is hereby extended until
May 31, 1999. The initial term remains subject to renewal as
provided in Paragraph 36 of the Lease.
3. RENT. In Paragraph 3 of the Lease, (i) the number "$203,920.00"
is hereby deleted, and the number $305,860.00" is inserted in its
place; and (ii) the number "$16,933.33" is hereby deleted, and
the number "$25,488.33" is inserted in its place.
4. RATIFICATION. Except as expressly modified herein, the Lease
remains in full force and effect in accordance with its terms.
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EXECUTED, under seal, as of the day and year first written above.
LANDLORD:
0000 XXXXXXXXXX XXXXXX GENERAL
PARTNERSHIP
BY: /s/ Xxxxx Xxxxxxxxx
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Xxxxx Xxxxxxxxx
General Partner
TENANT:
PATHNET, INC.
BY: /s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx V
Vice President, Finance and Corporate
Development
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