THIRD AMENDMENT TO OFFICE LEASE
Exhibit 10.2
THIRD AMENDMENT TO OFFICE LEASE
THIS
THIRD AMENDMENT TO OFFICE LEASE (this “Amendment”) is
executed this
28th day of October, 2010
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, as amended by
that certain Second Amendment to Office Lease dated February 21, 2008, as assigned to Tenant
pursuant to that certain Assignment of Lease dated February 11, 2008 (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, Landlord and Tenant are negotiating the terms of an amendment (the “Contingent
Amendment”) to that certain Office Lease dated May 17, 2005, as amended by that certain First
Amendment to Office Lease dated February 21, 2008, and as amended by that certain Second Amendment
to Office Lease dated February 27, 2008, by and between Landlord and Tenant for the lease of
approximately 24,473 rentable square feet in the Building; and
WHEREAS,
Landlord and Tenant desire to amend Section 1.01(f) of the Lease to reflect
a Base Year of 2011 which will be consistent with the base year under the Contingent Amendment.
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 Section 1.01. Basic Lease Provisions and Definitions.
Commencing as of January 1, 2011, Subsection 1.01(f) is hereby deleted in its entirety and replaced
with the following:
“(f) Base Year: 2011.”
3. Contingent Amendment. The terms of this Amendment are specifically contingent upon the Contingent Amendment being fully executed by Landlord and Tenant.
If the Contingent Amendment is not fully executed on or before October 31, 2010, this Amendment shall become null and void and shall be of no further force and effect.
4. Representations and Warranties.
(a) Tenant 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.
(b) Landlord represents and warrants to Tenant that (i) Landlord 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 Landlord; and (iii) the individual executing and delivering this
Amendment on behalf of Landlord has been authorized to do so, and such execution and delivery shall
bind Landlord. Landlord, at Tenant’s request, shall provide Tenant with evidence of such authority.
5. 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.
6. Definitions. Except as otherwise provided herein, the capitalized terms used
in this Amendment shall have the definitions set forth in the Lease.
7. 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 |
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| 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/ Xxxx Xxxxxx | |||
| Name: | Xxxx Xxxxxx | |||
| Title: | CFO | |||
END OF EXECUTION SIGNATURES
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