Exhibit 10.39

 

CONFIDENTIAL MATERIALS HAVE BEEN OMITTED FROM THIS EXHIBIT PURSUANT TO A REQUEST
FOR CONFIDENTIAL TREATMENT AND HAVE BEEN FILED SEPARATELY WITH THE SECURITIES
AND EXCHANGE COMMISSION. ASTERISKS DENOTE OMISSIONS.

 

Agreement and First Amendment to

Arena Naming Rights Agreement

 

This Agreement and First Amendment to Arena Naming Rights Agreement (“First
Amendment”) is made and entered into as of the Effective Date (as hereinafter
defined) by and among Kiel Center Partners, L.P. (“KCP”), Savvis Communications
Corporation, a Delaware corporation (“Delaware Savvis”) and Savvis Communication
Corporation, a Missouri corporation (“Missouri Savvis” with Delaware Savvis and
Missouri Savvis sometimes collectively being referred to as “Savvis”).

 

Recitals

 

A.   KCP and Savvis are parties to that certain Arena Naming Rights Agreement,
dated August 17, 2000 (“Naming Rights Agreement”).

 

B.   KCP and Savvis mutually desire to address certain matters relative to the
Naming Rights Agreement and to modify and amend certain provisions thereof.

 

NOW, THEREFORE, in consideration of the mutual promises, duties and obligations
set forth herein and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follow:

 

1.         The notices from KCP to Savvis dated February 19, 2001 and March 21,
2001 by which KCP declared Savvis to be in default under the Naming Rights
Agreement based on allegations that Savvis was insolvent are withdrawn with
prejudice. KCP in the future shall be precluded from asserting a default based
on a contention that Savvis was insolvent at any time up to and including the
Effective Date.

 

2.         Section 6.a.ii. of the Naming Rights Agreement is hereby deemed
modified such that Savvis will pay to KCP the following amounts to KCP as Naming
Fees:

 

[**]

[**]

[**]

[**]

 

Section 6.a.ii. is further hereby modified to provide that the Naming Fees
payable under Section 6.a.ii. of the Naming Rights Agreement for each of the
fiscal periods starting [**] shall be reduced by [**].

 

[**] CONFIDENTIAL TREATMENT REQUESTED

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3.        The obligation of KCP under Section 10.c. of Exhibit A to the Naming
Rights Agreement is canceled as of the Effective Date and KCP shall have no
continuing or future obligation to provide Naming Rights Holder with any tickets
for or suite provisions with the Washington Capitals.

 

4.        To formally confirm and carry out the intent of Section 10.a. of
Exhibit A to the Naming Rights Agreement, Savvis Delaware will execute a Suite
Agreement for Suite 240 at the Savvis Center containing the standard terms for
such suite license agreements except that the price shall be at the penthouse
level rate until July 31, 2003, and then convert to the then prevailing club
level rate for the succeeding 17 years and the existing security deposit shall
be credited toward any obligation under such suite license agreement to provide
a security deposit.

 

5.        This First Amendment shall be binding on KCP and Savvis and their
respective successors.

 

6.        As amended by this First Amendment, the Naming Rights Agreement shall
remain in effect.

 

7.        The Effective Date of this First Amendment is, for all purposes
herein, June 19, 2001.

 

8.        Capitalized terms not otherwise defined in the First Amendment shall
have the meanings ascribed to such terms in the Naming Rights Agreement.

 

IN WITNESS WHEREOF, the parties have executed this First Amendment as of the
Effective Date.

 

SAVVIS COMMUNICATIONS

CORPORATION, a Missouri corporation

     

KIEL CENTER PARTNERS, L.P.

           

By:

 

NWL, LLC, General Partner

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By:

 

/s/    STEVE GALLANT        

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By:

 

/s/    RICHARD C. THOMAS        

--------------------------------------------------------------------------------

   

Steve Gallant

         

Richard C. Thomas

   

Vice President and General Counsel

         

President and Manager

 

SAVVIS COMMUNICATIONS

CORPORATION, a Delaware corporation

                         

By:

 

/s/    STEVE GALLANT        

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Steve Gallant

               

Vice President and General Counsel

           

 

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