LEASE COMMENCEMENT AGREEMENT
EXHIBIT 10.11
Pursuant to the 5th Amendment to the Lease dated the 31st day of August
2005, entered into by and between 1899 L Street Tower LLC, as Landlord, and Blackboard, Inc., as
Tenant.
Landlord and Tenant do hereby agree that the tenant previously occupying the “Additional Third
Floor Premises” vacated as of December 16, 2005. Per the 5th Amendment to the Lease
dated the 31st day of August 2005, the lease commencement date of the “Additional Third
Floor Premises” shall be the date that is fifteen (15) days after the tenant previously occupying
the “Additional Third Floor Premises” vacates. Therefore, Landlord and Tenant do hereby declare
that The Lease for the “Additional Third Floor Premises” is in full force and effect and commences
as of the 1st day of January, 2006; Landlord has fulfilled all of its obligations under
the Lease required to be fulfilled by Landlord on or prior to such date; and Tenant has no right or
set-off against any rentals. The Rent Commencement Date is hereby established to be January 1,
2006.
| WITNESS: | LANDLORD: | |||||||||||||||
| 0000 X Xxxxxx Tower LLC | ||||||||||||||||
| By | /s/ Xxxxxxxx Xxxxxxx | By | /s/ Xxxx X. Xxxxx | |||||||||||||
Name:
|
Xxxxxxxx Xxxxxxx | Name: | Xxxx X. Xxxxx | |||||||||||||
| WITNESS: | TENANT: | |||||||||||||||
| Blackboard, Inc. | ||||||||||||||||
| By | /s/ Chelisse Xxxx | By | /s/ Xxxxxxx Xxxxx | |||||||||||||
Name:
|
Chelisse Xxxx | Name: | Xxxxxxx Xxxxx | |||||||||||||
