SIXTH AMENDMENT TO COST SHARING AND IRU AGREEMENT
Exhibit 10.13
Portions of this exhibit have been omitted and filed separately pursuant to an application for confidential treatment filed with the Securities and Exchange Commission pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended.
Omissions are designated as [***].
SIXTH AMENDMENT TO COST SHARING AND IRU AGREEMENT
THIS SIXTH AMENDMENT TO COST SHARING AND IRU AGREEMENT (this “Sixth Amendment”) is made and entered into as of the 7th day of August, 2001, by and between LEVEL 3 COMMUNICATIONS, LLC, a Delaware limited liability company, (“Grantor”) and CABLE & WIRELESS USA, INC., a Delaware corporation, (“Grantee”). Capitalized terms used but not defined herein shall have the meanings set forth in the Agreement.
RECITALS
A. Grantor and Grantee entered into that certain Cost Sharing and IRU Agreement dated May 25, 1999, as amended by First Amendment to Cost Sharing and IRU Agreement dated August 11, 2000, Second Amendment to Cost Sharing and IRU Agreement dated August 11, 2000, Third Amendment to Cost Sharing and IRU Agreement dated November 22, 0000, Xxxxxx Xxxxxxxxx to Cost Sharing and IRU Agreement dated January, 2001 and Fifth Amendment to Cost Sharing and IRU Agreement dated February 15, 2001(collectively, the “Agreement”).
B. Grantee desires to obtain an IRU in fibers within and along new Segments and new Lateral Segments where the Grantor System is located.
C. Grantor desires to convey to Grantee an IRU in the fibers specified herein, subject to and in accordance with the terms and conditions set forth in this Amendment and the Agreement.
Accordingly, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Grantor and Grantee hereby agree as follows:
ARTICLE 1
NEW SEGMENTS
1.01 As of the Effective Date for the Segments identified in Exhibit “A” attached to and made a part of this Sixth Amendment by reference, Grantor shall convey to Grantee an exclusive indefeasible right of use (“IRU”) in such Segments and the number of fibers identified in Exhibit “A”, subject to the terms of the Agreement as hereby amended. The fibers in and along the Segments identified in Exhibit “A” shall be considered Grantee Fibers under the Agreement.
1.02 Grantee shall pay to Grantor an initial IRU Contribution in the amount of $[***], which consists of $[***] for the new Segments and $[***] for the new
Lateral Segments. The initial IRU Contribution shall be due and payable within five (5) days after the execution of this Amendment.
1.03 Grantee shall pay the remaining IRU Contribution in the amount of $1,836,706 for the new Segments. Upon the Acceptance Date for the new Segments Grantor will send Grantee an invoice for payment of the IRU Contribution and Grantee shall pay such invoiced amount within thirty (30) days after receipt of such invoice.
1.04 Grantee shall pay to Grantor the appropriate Monthly Charge for the new Segments in accordance with Article 13 of the Agreement.
ARTICLE 2
NEW LATERAL SEGMENTS
2.01 Grantor shall construct the Lateral Segments identified in Exhibit “A” and grant an exclusive IRU in the number of fibers identified in Exhibit “A” to Grantee in accordance with the terms and conditions of the Agreement
2.02 Grantee’s estimated portion of the remaining Costs for constructing the Lateral Segments identified in Exhibit “A” is $[***] (which does not include the initial IRU Contribution for the Lateral Segments).
2.03 Grantee shall pay such amount in accordance with the terms and conditions of the Agreement.
ARTICLE 3
DEFAULT
Notwithstanding anything contained in this Agreement to the contrary, Grantee’s sole and exclusive remedy with respect to the Segment as described in Exhibit A of the Sixth Amendment to Cost Sharing and IRU Agreement for any failure of Grantor to deliver the Grantee Fibers within such Segment within six (6) months after the Completion Date (other than as caused by Force Majeure Events) and otherwise in accordance with this Agreement shall be to terminate this Agreement with respect to such Segment by delivery of written notice to Grantor, in which event Grantor shall refund all portions of the IRU Contribution previously paid by Grantee to Grantor with respect to such Segment, together with interest thereon at the Prime Rate plus two percent (2%) plus liquidated damages equal to a prorated amount of one year of the total IRU Contribution for such Segment (i.e. one-twentieth of the total IRU Contribution for the undelivered Segment). In the event Grantor shall have failed to deliver the Grantee Fibers in the Segment, within eighteen (18) months after the Completion Date and otherwise in accordance with this Agreement, then either party may terminate this Agreement and Grantor shall, upon such termination, refund all portions of the IRU Contribution previously paid by Grantee to Grantor with respect to the Segment, together
with interest thereon at the Prime Rate plus two percent (2%), plus liquidated damages equal to a prorated amount of one year of the total IRU Contribution for such Segments (i.e. one-twentieth of the total IRU Contribution for the undelivered Segment).
ARTICLE 4
MISCELLANEOUS
A. The Recitals are incorporated into this Sixth Amendment by this reference. Capitalized terms used but not defined in this Sixth Amendment shall have the respective meanings ascribed to them in the Agreement.
B. Except as amended by this Sixth Amendment, the original terms and conditions of the Agreement, the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment and the Fifth Amendment shall continue in full force and effect and the Agreement, as amended by the First Amendment, Second Amendment, Third Amendment, Fourth Amendment, Fifth Amendment and this Amendment, is hereby ratified and confirmed.
C. This Sixth Amendment may be executed in counterparts, each of which shall be deemed an original but together which shall constitute but one and the same instrument.
IN WITNESS WHEREOF, Grantor and Grantee have executed this Sixth Amendment as of the date first above written.
LEVEL 3 COMMUNICATIONS, LLC a Delaware limited liability company | ||
By: | ||
Title: |
Vice President, Metro Fiber Services | |
Date: |
August 7, 2001 | |
CABLE & WIRELESS USA, INC. a Delaware Corporation | ||
By: | /s/ Xxxx Xxxxx | |
Title: |
SVP, Network Technology Group | |
Date: |
August 7, 2001 |
Exhibit “A”
1. Segment Description and Fees
Segment Name |
Estimated Route Miles |
Initial IRU Contribution |
Remaining IRU Contribution |
Scheduled Completion Date | ||||
[***] |
[***] | [***] | [***] | 90 Day from Execution of Amendment | ||||
[***] |
[***] | [***] | [***] | 4 fiber segment from the Gateway down to 300 S. Harbor on the East side of Logical Loop E – 90 days from Execution of Amendment. West side of Logical Loop E from the Gateway around to 300 South Harbor – 11/30/01. | ||||
[***] |
[***] | [***] | [***] | 90 Day from Execution of Amendment | ||||
Totals |
[***] | [***] | [***] | |||||
2. Sub-Segment Description
Sub-Segment Name |
Sub-Segment End Point |
Sub-Segment End Point |
Fiber | |||
[***] |
||||||
[***] |
7th & Lebanon (Gateway) |
Wilshire & Flower |
[***] | |||
[***] |
Wilshire & Flower |
Wilshire & Hope |
[***] | |||
[***] |
Wilshire & Hope |
Wilshire & Grand - |
[***] | |||
[***] |
Wilshire & Grand - |
Wilshire & Grand |
[***] | |||
[***] |
Wilshire & Grand |
6th & Grand |
[***] | |||
[***] |
6th & Grand |
7th & Hill |
[***] | |||
[***] |
7th & Hill |
7th & Olive |
[***] | |||
[***] |
7th & Olive |
7th & Grand |
[***] | |||
[***] |
7th & Grand |
7th & Lebanon |
[***] | |||
[***] |
||||||
[***] |
Gateway (7th & Xxxxxxxx) |
8th & Figueroa |
[***] | |||
[***] |
8th & Xxxxxxxx |
Wilshire & Xxxxx |
[***] | |||
[***] |
Wilshire & Lucas |
Wilshire & Highland |
[***] | |||
[***] |
Wilshire & Highland |
Barrington & Texas |
[***] | |||
[***] |
Barrington & Texas |
Arbor Vitae & BNSF RR |
[***] | |||
[***] |
Arbor Vitae & BNSF RR |
Arbor Vitae & Aviation Blvd |
[***] | |||
[***] |
Arbor Vitae & Aviation Blvd |
Aviation Blvd & Imperial Hwy |
[***] | |||
[***] |
Aviation Blvd & Imperial Hwy |
Aviation Blvd & Utah Ave. |
[***] | |||
[***] |
Aviation Blvd & Utah Ave. |
Aviation Blvd & Rosecrans |
[***] | |||
[***] |
Aviation Blvd & Rosecrans |
Manhattan Beach Blvd & Prairie Ave. |
[***] |
[***] |
Manhattan Beach Blvd & Prairie Ave. |
Xxx Xxxx & Redondo Beach |
[***] | |||
[***] |
Xxx Xxxx & Redondo Beach |
164th & Gramercy |
[***] | |||
[***] |
164th & Gramercy |
161 St. & Vermont |
[***] | |||
[***] |
000 Xx. & Xxxxxxx |
Xxx Xxx & Xxxxxxx |
[***] | |||
[***] |
Del Amo & Vermont |
Xxxxxx & Main |
[***] | |||
[***] |
Xxxxxx & Main |
Santa Fe Ave & Xxxxxxx |
[***] | |||
[***] |
Santa Fe Ave & Xxxxxxx |
Cerritos & Coyote Creek |
[***] | |||
[***] |
Cerritos & Coyote Creek |
Redhill & Xxxxxxxx Ave |
[***] | |||
[***] |
Redhill & Xxxxxxxx |
Main St & Von Xxxxxx Ave |
[***] | |||
[***] |
Main St & Von Xxxxxx Ave |
Main St & Jamboree Rd |
[***] | |||
[***] |
Main St & Jamboree Rd |
Alton & Xxxxxx |
[***] | |||
[***] |
Xxxxx & Murphy |
Barranca Pkw & Corporate Pk |
[***] | |||
[***] |
Barranca Pkw & Corporate Pk |
Xxxxxxxx & Myford |
[***] | |||
[***] |
Xxxxxxxx & Xxxxxx |
Xxxxxxxx & Walnut Ave |
[***] | |||
[***] |
Franklin & Walnut |
Grand & XxXxxxxx |
[***] | |||
[***] |
Grand & XxXxxxxx |
Cypress & Anaheim St. |
[***] | |||
[***] |
Cypress & Anaheim St. |
Loara St. & UPRR |
[***] | |||
[***] |
Loara St. & UPRR |
Slauson & Santa Fe Ave |
[***] | |||
[***] |
Slauson & Santa Fe Ave |
Olympic & Central Ave |
[***] | |||
[***] |
Olympic & Central Ave |
Olympic & Los Angeles |
[***] | |||
[***] |
Olympic & Los Angeles |
7th & Hill |
[***] | |||
[***] |
7th & Hill |
7th & Olive |
[***] | |||
[***] |
7th & Olive |
7th & Grand |
[***] | |||
[***] |
7th & Grand |
7th & Lebanon |
[***] | |||
[***] |
||||||
[***] |
Gateway |
Spring Garden & 9th |
[***] | |||
[***] |
Spring Garden & 9th |
Callowhill & 6th |
[***] | |||
[***] |
Callowhill & 6th |
Walnut & 24th |
[***] | |||
[***] |
Walnut & 24th |
Market & 18th |
[***] | |||
[***] |
Market & 18th |
Cherry & 16th |
[***] | |||
[***] |
Cherry & 16th |
Gateway |
[***] |
2. Lateral Segment Descriptions
Lateral Segment |
Fiber Count |
Targeted |
Diverse |
Segment End Point |
Segment End Point | |||||
[***] |
[***] | [***] | [***] | Splice Fibers at the Level 3 backbone serving manhole |
Lateral: Termination Panel in L3 Distribution POP (to be verified as a result of site survey) Fiber: C&W splice box in C&W space on 16th Floor. | |||||
[***] |
[***] | [***] | [***] | Splice Fibers at the Level 3 backbone serving manhole |
Lateral: to be determined as a result of the site survey Fiber: C&W splice box in C&W space |
[***] |
[***] | [***] | [***] | Splice Fibers at the Level 3 backbone serving manhole |
Terminate fibers in the Level 3 OSX in the Xxxxx 0 Xxxxxxx, & xxxxxx to C&W Colo. | |||||
[***] |
[***] | [***] | [***] | Splice Fibers at the Level 3 backbone serving manhole |
Lateral: to be determined as a result of the site survey Fiber: C&W splice box in C&W space, on the 3rd Floor. | |||||
[***] |
[***] | [***] | [***] | Splice Fibers at the Level 3 backbone serving manhole |
Terminate fibers in the Level 3 OSX in the Level 3 Gateway |
4. Lateral Segment Fees
Lateral Segment |
Initial IRU Contribution |
Remaining IRU Contribution |
Total Estimated Costs to C&W | |||
[***] |
[***] | [***] | [***] | |||
[***] |
[***] | [***] | [***] | |||
[***] |
[***] | [***] | [***] | |||
[***] |
[***] | [***] | [***] | |||
[***] |
[***] | [***] | [***] | |||
Totals |
[***] | [***] | [***] | |||