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Exhibit 10.67
FIFTH LEASE AMENDMENT
BETWEEN
BENAROYA CAPITAL COMPANY, LLC
AND
APPLIEDTHEORY SEATTLE CORPORATION
This Fifth Lease Amendment dated October 13, 2000, is attached to and made part
of that certain Lease dated June 10, 1994, as amended by that Fourth Lease
Amendment dated August 13, 1999, that Third Lease Amendment dated February 23,
1998, that Second Lease Amendment dated April 11, 1997, and that First Lease
Amendment dated September 30, 1996 (the "Lease"), by and between Benaroya
Capital Company, LLC, a Washington limited liability company, successor in
interest to Xxxxxxx North, a Washington general partnership, hereafter called
Lessor ("Lessor"), and AppliedTheory Seattle Corporation ("ASC"), successor in
interest to The Cordada Group, Inc., fka Information Technology Services, Inc.,
hereinafter called Lessee ("Lessee"), covering approximately 4,563 rentable
square feet in Suite 200-201 in Building B, together with approximately 1,917
rentable square feet in Suite 101 in Building A, located in the property
commonly known as Xxxxxxx Xxxxx Xxxxxx Xxxx, Xxxxxxxx, Xxxxxxxxxx (the
"Premises"). The Premises are more particularly described in the Lease.
The terms used herein shall have the same definitions as set forth in the Lease.
In consideration of the mutual covenants and promises contained in this Fifth
Lease Amendment, the Fourth Lease Amendment, the Third Lease Amendment, the
Second Lease Amendment, the First Lease Amendment, and the Lease, Lessor and
Lessee agree as follows:
1. SECTION 2 TERM. The term of this lease is hereby extended one (1) year
commencing July 15, 2001 and terminating July 14, 2002.
2. SECTION 3 RENT AND RENT DEPOSIT, is hereby deleted and replaced with
the following language as Section 3, Rent and Rent Deposit:
"Lessee covenants and agrees to pay Lessor at 0000 Xxxxxx Xxxxxx, Xxxxx
0000, Xxxxxxx, XX 00000, or to such other party or at such other place
as Lessor may hereafter designate, monthly rent in advance without
offset or deduction, on or before the first (1st) day of each month of
the Lease term in the amounts as follows:
Months: Rent:
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1 through 12 $17,820.00
Lessee has previously deposited with Lessor Thirteen Thousand Three
Hundred Sixty-Five and No/100 dollars ($13,365.00) in the form of a
Prepaid Rent Deposit. Said amount shall hereby be applied to a Security
Deposit due hereunder in the amount of Seventeen Thousand Eight Hundred
Twenty and No/100 dollars ($17,820.00), leaving a shortfall of
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$4,455.00. Lessee shall deposit on the date hereof, the remaining
amount of Four Thousand Four Hundred Fifty-Five and No/100 dollars
($4,455.00). Said $17,820.00 shall be held by Lessor as security for
the faithful performance by Lessee of all the terms, covenants and
conditions of this Lease to be kept and performed by Lessee during the
entire Term hereof. If Lessee defaults with respect to any provision of
this Lease, including, but not limited to, the provisions relating to
the payment of Rent or other charges or sums due under this Lease,
Lessor may (but shall not be required to) use, apply or retain all or
any part of the security deposit for the payment of any Rent or other
charges or sums due under this Lease or any sum in default, or for the
payment of any amount which Lessor may spend or become obligated to
spend by reason of Lessee's default, or to compensate Lessor for any
other loss, damage, cost or expense (including attorneys' fees) which
Lessor may suffer or incur by reason of Lessee's default. If any
portion of said security deposit is so used or applied, Lessee shall,
within five (5) days after written demand therefor, deposit a certified
or cashier's check with Lessor in an amount sufficient to restore the
security deposit to its original amount and Lessee's failure to do so
shall be a default under this Lease. Lessor shall not be required to
keep the security deposit separate from its general funds and Lessee
shall not be entitled to interest on such deposit. If Lessee shall
fully and faithfully perform every provision of this Lease to be
performed by it, the security deposit or any balance thereof after
deduction hereunder by Lessor shall be returned to Lessee (or, at
Lessor's option, to the last assignee of Lessee's interest hereunder)
within thirty (30) days following expiration of the Lease Term;
provided, that in the event this Lease shall be terminated upon the
default of the Lessee, the security deposit shall be retained by Lessor
and all of Lessee's interest therein shall terminate and the security
deposit will be applied against the damages suffered by Lessor by
reason of the Lessee's default. In the event of termination of Lessor's
interest in this Lease, Lessor shall transfer said deposit to Lessor's
successor in interest."
3. PARAGRAPH 5 OF THE FOURTH LEASE AMENDMENT - OPTION TO RENEW, is hereby
deleted.
4. PARAGRAPH 7 OF THE FOURTH LEASE AMENDMENT - ALLOWANCE FOR TENANT
IMPROVEMENTS, is hereby deleted.
Except as otherwise modified by the terms of this Fifth Lease Amendment, all
other terms and conditions of the Lease remain unchanged and in full force and
effect.
LESSOR: LESSEE:
BENAROYA CAPITAL COMPANY, LLC APPLIEDTHEORY SEATTLE CORPORATION
/s/ Xxxxx X. Xxxxxxxx /s/ Xxxxxx Xxxxxxxxxx III
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By: Xxxxx X. Xxxxxxxx By: Xxxxxx Xxxxxxxxxx
Its: Manager Its: Senior Vice President
Date: 10/24/00 Date: 10/20/00
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STATE OF WASHINGTON ]
] ss.
COUNTY OF KING ]
I certify that I know or have satisfactory evidence that Xxxxx X.
Xxxxxxxx is the person who appeared before me, a Notary Public in and for the
State of Washington duly commissioned and sworn, and acknowledged that he is the
Manager of BENAROYA CAPITAL COMPANY, LLC, a Washington limited liability
company, who executed the within and foregoing instrument, and acknowledged the
instrument to be the free and voluntary act and deed of said company for the
uses and purposes therein mentioned, and on oath stated that affiant is
authorized to execute said instrument on behalf of said company.
IN WITNESS WHEREOF I have hereunto set my hand and affixed my official seal the
day and year first above written.
/s/ Xxxxxxx X. Xxxxxx
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Notary Public in and for the
State of Washington
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residing at Seattle
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Commission expires 11/9/02
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Print Name /s/ Xxxxxxx X. Xxxxxx
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STATE OF NEW YORK ]
] ss.
COUNTY OF ONONDAGA ]
I certify that I know or have satisfactory evidence that _Angelo
Xxxxxxxxxx III_____ is the person who appeared before me, a Notary Public in and
for the State of _New York____ duly commissioned and sworn, and acknowledged
that he/she is the ____Senior Vice President, of APPLIEDTHEORY SEATTLE
CORPORATION, a Delaware corporation, who executed the within and foregoing
instrument, and acknowledged the instrument to be the free and voluntary act and
deed of said corporation for the uses and purposes therein mentioned, and on
oath stated that affiant is authorized to execute said instrument on behalf of
said corporation.
IN WITNESS WHEREOF I have hereunto set my hand and affixed my official seal the
day and year first above written.
/s/ Xxxxxxxx X. Xxxxxx
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Notary Public in and for the
State of New York
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residing at Onondaga County
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Commission expires 9/30/02
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Print Name /s/ Xxxxxxxx X. Xxxxxx
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