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Exhibit 10.24A
FIRST AMENDMENT TO
PREMISES LICENSE AND SERVICE AGREEMENT
THIS FIRST AMENDMENT to the Premises License and Service Agreement is
made and entered into this 12th day of July 2001, among Trustees of Boston
University (the "University"), Beacon Telco, L.P. ("Telco") and Verilink, Inc.
(the "Company").
WHEREAS, the University, Telco and the Company are parties to the
Premises License and Services Agreement, dated October 16, 2000 (the
"Agreement");
WHEREAS, the Company issued and delivered Warrants and Bonus Payments
to Telco, pursuant to the terms and conditions of the Cooperative Research
Agreement dated October 16, 2000 (for purposes of the first Bonus Payment) and a
separate Warrant and Stockholders Agreement dated October 16, 2000 between the
Company and Telco in partial consideration for the license to access certain
services and premises of the University;
WHEREAS, it was the understanding that the Company would be given
access to additional premises of the University, subject to the University's
discretion, as its research and development project activities grew and that
Telco would provide additional consideration to the University pursuant to their
previous agreements; and
WHEREAS, the parties wish to amend certain provisions of the Agreement
to reflect the additional access to the University's premises being granted to
the Company.
NOW, THEREFORE, in consideration of their mutual promises and for other
good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties, pursuant to the section 14.04 of the Agreement,
hereby amend the Agreement as follows:
1. Article I, Certain Definitions.
The following term in Section 1.01 Defined Terms shall be amended to
read ad follows:
"LICENSED PREMISES" means as applied to Company (a)
approximately 3400 square feet of office space on the sixth (6th) Floor
of the Building, which shall initially be Rooms 611, 613, 614 and 620,
and (b) shared access to, on a basis reasonably equivalent to other
users thereof as determined solely by the University in its good faith
discretion, (i) the Optics Laboratory 615 on the sixth (6th) Floor of
the Building; and (ii) other laboratories in the Building, and the
equipment therein. Access to these other laboratories will be
coordinated through the University in its sole good faith discretion.
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2. Except as specifically amended hereby, the Agreement remains in full
force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this First Amendment
to be signed as of the date first above written.
VERILINK CORPORATION TRUSTEES OF BOSTON UNIVERSITY
By: /s/ Xxxxxx Xxxxxxxx By: /s/ Xxxxxx X. Xxxxxx
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Name: Xxxxxx Xxxxxxxx Name: Xxxxxx X. Xxxxxx
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Title: CEO of Verilink Title: Assistant Treasurer
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BEACON TELCO, L.P.
By Beacon Photonics, Inc.
Its General Partner
By: /s/ Xxxx Xxxxxx
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Xxxx Xxxxxx, President
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