Document:

EXHIBIT 10.06

 

STOCK PURCHASE AGREEMENT

 

This Stock

Purchase Agreement (this “Agreement”) is made and entered into as of the 13th

day of June, 2002, by and between Zamba Corporation, a Delaware corporation

(the “Company”), and Thomas Magne (the “Purchaser”).

 

WHEREAS, the

Company owns shares of Series A preferred stock, $.0001 par value per share

(“Zamba’s NextNet Stock”) of NextNet Wireless, Inc., a Delaware corporation

(“NextNet”), pursuant to the Series A Preferred Stock Purchase Agreement dated

as of September 21, 1998 between Zamba and NextNet (the “Zamba Purchase

Agreement”); and

 

WHEREAS, Zamba’s

NextNet Stock can be converted to common shares of NextNet at the exchange

ratio of three shares of common stock for every one share of preferred stock;

and

 

WHEREAS, Zamba’s

NextNet Stock is also subject to the Amended and Restated Investors’ Rights

Agreement dated as of July 10, 2000 among Zamba, NextNet and the Investors and

Founders identified therein (the “Investors’ Rights Agreement”), Right of First

Refusal Agreement dated as of September 21, 1998 among the Zamba, NextNet and

the Series B Purchasers identified therein (the “Right of First Refusal

Agreement”), and the Voting Agreement dated September 21, 1998, by and among

NextNet, the Company and certain other investors (the “Voting Agreement”); and

 

WHEREAS, the

Purchaser is thoroughly familiar with the Company’s and NextNet’s business,

financial condition and prospects; and

 

WHEREAS, the

Purchaser desires to purchase from the Company and the Company desires to sell

to the Purchaser certain of its shares of Zamba’s NextNet Stock; and

 

WHEREAS, the

Purchaser acknowledges that there is no established trading market or other

current valuation for Zamba’s NextNet Stock or the Shares to be issued

hereunder;

 

NOW, THEREFORE, in

consideration of the premises and other good and valuable consideration, the

receipt and adequacy of which are hereby acknowledged, the parties agree as

follows:

 

1.             Purchase and Sale of Preferred Stock.  In consideration of this Agreement, the

Company hereby agrees to sell to the Purchaser, and the Purchaser hereby agrees

to purchase from the Company, the Shares in accordance with the following

terms:

 

(a)           The Company hereby sells to the

Purchaser, and the Purchaser hereby purchases from the Company, 10,000 shares

of Zamba’s NextNet Stock (the “Shares”), at a purchase price of $6.00 per

share, for an aggregate purchase price of $60,000.  Promptly upon execution of this Agreement, the Purchaser shall

pay the full amount of the purchase price to the Company by wire transfer in

immediately available funds to an account designated in writing by the Company.

 

 

(b)           Promptly upon receipt of the purchase

price, the Company shall present the transaction to the independent members of

the Company’s Board of Directors for the approval or disapproval of the Board

of Directors.  If the Company’s Board of

Directors disapproves the transaction, the full purchase price shall be

promptly refunded to the Purchaser.  If

the Company’s Board of Directors approves the transaction, the Company shall,

within five business days of such approval, deliver to NextNet a notice

pursuant to the Right of First Offer set forth in Section 1.1 of the Right of

First Refusal Agreement (the “Refusal Agreement”) dated September 21, 1998 by

and among the Company, NextNet, and the holders of the Series B Preferred Stock

of NextNet.

 

(c)           If NextNet elects to exercise its

right of first refusal pursuant to Section 1(b) above, the Purchase Price shall

be refunded to the Purchaser within five business days of the Company’s receipt

of full payment from NextNet for the Shares, and the Purchaser shall not

receive any of the Shares.  If NextNet

declines to exercise its right of first refusal, the Company shall, within five

business days after the Company’s receipt of NextNet’s notice to decline its

right, notify each investor in NextNet eligible under the Refusal Agreement of

its opportunity to exercise its pro rata right of first refusal pursuant to the

Refusal Agreement.

 

(d)           If any of the eligible investors in

NextNet  elects to exercise its pro rata

right of first refusal pursuant to Section 1(c) above, the Company will forward

to the Purchaser the payments the Company receives from such investor(s) within

five business days of the Company’s receipt of such payment, and the number of

Shares that the Purchaser will receive pursuant to this Agreement shall be

reduced on a pro rata basis.  Within ten

business days after the expiration of the investor refusal period, the Company

shall deliver to the Purchaser a certificate registered in the Purchaser’s name

representing the number of Shares purchased.

 

2.             Representations and Warranties of the

Purchaser.  As a

material inducement for the Company’s issuance and sale of the Shares, the

Purchaser represents, warrants, covenants and acknowledges to the Company that:

 

(a)           The Purchaser understands that the

issuance of the Shares have not been registered under the Securities Act of

1933, as amended (the “Securities Act”), or applicable state securities

laws.  Instead, the Company is issuing

the Shares pursuant to exemptions from such laws and in doing so is and would

be relying on, among other things, the Purchaser’s representations, warranties,

covenants and acknowledgements contained herein.

 

(b)           The Purchaser qualifies as an

“accredited investor” as such term is defined in Rule 501(a) of Regulation D

under the Securities Act, and as further represented in Section 3 of this

Agreement.

 

(c)           The Purchaser has sufficient

knowledge and experience in financial and business matters that the Purchaser

is capable of evaluating the merits and risks of investing in the Shares.

 

2

 

(d)           The Purchaser has been provided with

or given access to such additional information as the Purchaser has requested

from the Company (including the opportunity to meet with Company officers and

to review all the documents that Purchaser may have requested) and has utilized

such information to his satisfaction for the purpose of obtaining in addition

to, or verifying the accuracy of the information provided, regarding the

Company’s and NextNet’s business, financial condition and prospects.

 

(e)           The Purchaser understands that the

purchase of the Shares is a highly speculative investment and involves a high

degree of risk.  The Purchaser believes

that the investment in the Shares is suitable based upon the Purchaser’s

investment objectives and financial needs and the Purchaser has adequate means

of providing for current financial needs and personal contingencies, has no

need for liquidity of investment with respect to the Shares and can afford a

complete loss of such investment.

 

(f)            The Purchaser is acquiring the

Shares for his own account, for investment purposes only, and without the intention

of reselling or redistributing the Shares.

 

(g)           The Purchaser is aware that, in the

view of the Securities and Exchange Commission, a purchase of the Shares with

an intent to resell by reason of any foreseeable specific contingency or

anticipated change in market values, or any change in NextNet’s condition, or

in connection with a contemplated liquidation or settlement of any loan

obtained for the acquisition of the Shares and for which the Shares were

pledged, would constitute an intent inconsistent with the foregoing

representation.

 

(h)           If, contrary to the Purchaser’s

foregoing intentions, he should later desire to dispose of or transfer any of

the Shares in any manner, the undersigned shall not do so without (i) first

obtaining an opinion of counsel satisfactory to the Company and NextNet that

such proposed disposition or transfer may lawfully be made without registration

pursuant to the Securities Act and applicable state securities laws or

(ii) registering the resale of the Shares under the Securities Act and

applicable state securities laws.

 

(i)            Neither the Company nor NextNet has

any obligation to register the Shares for resale under the Securities Act or

any applicable state securities laws, or to take any other action which would

facilitate the availability of federal or state registration exemptions in

connection with any resale of the Shares. 

Accordingly, the Purchaser may be prohibited by law from selling or

otherwise transferring or disposing of the Shares and may have to bear the

economic risk of his investment in NextNet for an indefinite period.

 

(j)            The Purchaser, if other than an

individual, represents that (a) the Purchaser was not organized for the

specific purpose of acquiring the Shares; and (b) this Agreement has been duly

authorized by all necessary action on the part of the Purchaser, has been duly

executed by an authorized officer or representative of the Purchaser, and is a

legal, valid, and binding obligation of the Purchaser enforceable in accordance

with its terms.

 

(k)           There is no investment banker, broker, finder or other

intermediary which has been retained by or is authorized to act on behalf of

Purchaser who might be entitled

 

3

 

to any fee or commission from the Company upon consummation of the

transactions contemplated by this Agreement.

 

(l)            Purchaser agrees to be bound by the

transfer restrictions described in Section 3.6 of the Series A Preferred Stock

Purchase Agreement dated as of September 21, 1998 between Zamba and NextNet.

 

(m)          Purchaser acknowledges that the

provisions of the Right of First Refusal Agreement dated as of September 21,

1998 among the Zamba, NextNet and the Series B Purchasers identified therein

shall continue to apply to the Shares held by Purchaser.

 

(n)           Purchaser acknowledges that he or she

has already received a copy of the 

Amended and Restated Investors’ Rights Agreement dated as of July 10,

2000 among Zamba, NextNet and the Investors and Founders identified therein

(the “Investors’ Rights Agreement”). 

Purchaser understands that, pursuant to the terms of the Investors’

Rights Agreement, the registration rights described in Section 1 and the right

of first offer described in Section 2.6 thereof have not been assigned to the

Purchaser by Zamba.  Accordingly, the

Purchaser is not entitled to any registration rights or rights of first offer

with respect to the Purchaser’s ownership of the Shares.

 

3.             Accredited Investor Status.  The Purchaser is an “accredited investor” as

defined in Rule 501(a) of Regulation D of the Securities Act, because the

Purchaser meets at least one of the following criteria (please check one):

 

ý            The Purchaser is a natural person whose individual net

worth, or joint net worth with his or her spouse, exceeds $1,000,000 at the

time of the Purchaser’s purchase; or

 

o            The Purchaser is a natural person who had an individual

income in excess of $200,000 in each of the two most recent years or joint

income with the Purchaser’s spouse in excess of $300,000 in each of those years

and who reasonably expects to reach the same income level in the current year;

or

 

o            The Purchaser is either (i) a bank as defined in Section

3(a)(2) of the Securities Act, or any savings and loan association or other

institution as defined in Section 3(a)(5)(A) of the Securities Act whether

acting in its individual or fiduciary capacity, any broker or dealer registered

pursuant to Section 15 of the Securities Exchange Act of 1934, (ii) an

insurance company as defined in Section 2(13) of the Securities Act, (iii) an

investment company registered under the Investment Company Act of 1940 or a

business development company as defined in Section 2(a)(48) of such Act, (iv) a

Small Business Investment Company licensed by the U.S. Small Business

Administration under Section 301(c) or (d) of the Small Business Investment Act

of 1958, or (v) an employee benefit plan within the meaning of Title I of the

Employee Retirement Income Security Act of 1974, if the investment decision is

made by a plan fiduciary, as defined in Section 3(21) of such Act, which plan

fiduciary is either a bank, savings and loan association, insurance company or

registered investment adviser, or if the employee benefit plan has total assets

in excess of $5,000,000 or, if a self directed plan, with investment decisions

made solely by persons who are accredited investors; or

 

4

 

o            The Purchaser is a private business development company as

defined in Section 202(a)(22) of the Investment Advisers Act of 1940; or

 

o            The Purchaser is an organization described in Section

501(c)(3) of the Internal Revenue Code, a corporation, Massachusetts or similar

business trust, or partnership, not formed for the specific purpose of

acquiring the Shares, with total assets in excess of $5,000,000; or

 

o            The Purchaser is a director or executive officer of the

Company; or

 

o            The Purchaser is a trust, with total assets in excess of

$5,000,000, not formed for the specific purpose of acquiring the Shares, whose

purchase is directed by a sophisticated person as described in Rule

506(b)(2)(ii) of Regulation D of the Securities Act; or

 

o            The Purchaser is any entity in which all of the equity

owners are accredited investors.

 

4.             Representations and Warranties of the

Company.  As a material

inducement for the Purchaser’s purchase of the Shares, the Company represents,

warrants, covenants and acknowledges to the Purchaser that:

 

(a)           The Company is a corporation duly

organized, validly existing and in good standing under the laws of the State of

Delaware and has the requisite corporate power and authority to own its

properties and to carry on its business as now being conducted and presently

proposed to be conducted.

 

(b)           The Shares are being transferred to

the Purchaser free and clear of any liens, encumbrances or other restrictions,

other than restrictions on transfer that are contained in the Zamba Purchase

Agreement, the Right of First Refusal Agreement, the Investors Rights

Agreement, the Voting Agreement, all of which as they may be amended from time

to time, or are otherwise set forth herein or imposed by applicable securities

laws.

 

5

 

5.             Merger, Consolidation or Other Change in

Control of the Company or NextNet.

 

(a)           If the Company shall at any time

consolidate with or merge into to another corporation (where the Company is not

the continuing corporation after such merger, consolidation, sale of all or

substantially all of its assets or other change-in-control), or the Company

shall sell, transfer or lease all or substantially all of its assets, then, in

any such case, the Purchaser thereupon (and thereafter) shall continue to be

entitled to be bound by the terms of this Agreement and shall be entitled to

receive the number of Shares determined in accordance with Section 1 above.

 

(b)           If NextNet shall at any time

consolidate with or merge into another corporation (where NextNet is not the

continuing corporation after such merger, consolidation or other

change-in-control), or NextNet shall sell, transfer or lease all or

substantially all of its assets, then, in any such case, the Purchaser

thereupon (and thereafter) shall be entitled to receive the number of Shares

(or the proceeds resulting from the sale of such Shares in connection with such

merger, consolidation, or other change-in-control) determined in accordance

with Section 1 above.

 

6.             Insolvency or Bankruptcy of the Company

or NextNet.  Upon the

insolvency or bankruptcy (whether voluntary or involuntary) of the Company or

NextNet, or the appointment of or taking possession by a receiver, liquidator,

assignee, trustee, custodian, sequestrator (or other similar official) of the

Company or NextNet or any substantial part of the Company’s or NextNet’s

property, or any general assignment for the benefit of creditors of the Company

or NextNet, the Purchaser shall be an unsecured general creditor of the Company

or NextNet, as applicable, and shall not have any security interest or other

rights in connection with this Agreement or the Shares purchased hereunder.

 

7.             Miscellaneous.

 

(a)           Binding Effect.  This Agreement shall be binding upon and

inure to the benefit of and be enforceable against the parties hereto and their

respective successors and permitted assigns.

 

(b)           Governing Law.  This Agreement shall in all respects be

governed by, and enforced and interpreted in accordance with, the laws of the

State of Minnesota, except with respect to its rules relating to conflicts of

laws.

 

(c)           Legends.  The Shares issued to the Purchaser pursuant

to this Agreement shall contain the following legends:

 

THESE

SHARES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,

OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD, TRANSFERRED OR

OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR

EXEMPTION FROM REGISTRATION UNDER THE FOREGOING LAWS.  ACCORDINGLY, THESE SHARES MAY NOT BE SOLD, TRANSFERRED OR

 

6

 

OTHERWISE

DISPOSED OF WITHOUT (i) AN OPINION OF COUNSEL SATISFACTORY TO ZAMBA CORPORATION

THAT SUCH SALE, TRANSFER OR OTHER DISPOSITION MAY LAWFULLY BE MADE WITHOUT

REGISTRATION UNDER THE SECURITIES ACT OF 1933 AND APPLICABLE STATE SECURITIES

LAWS OR (ii) SUCH REGISTRATION.

 

THE

SHARES EVIDENCED HEREBY ARE SUBJECT TO A VOTING AGREEMENT BY AND AMONG THE

COMPANY AND CERTAIN STOCKHOLDERS OF THE COMPANY (A COPY OF WHICH MAY BE

OBTAINED FROM THE COMPANY), AND BY ACCEPTING ANY INTEREST IN SUCH SHARES THE

PERSON ACCEPTING SUCH INTEREST SHALL BE DEEMED TO AGREE TO AND SHALL BECOME

BOUND BY ALL THE PROVISIONS OF SAID VOTING AGREEMENT.

 

THE

SALE, PLEADE, HYPOTHECATION OR TRANSFER OF THE SECURITIES REPRESENTED BY THIS

CERTIFICATE IS SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN RIGHT OF FIRST

REFUSAL AGREEMENT BY AND BETWEEN THE STOCKHOLDER, THE CORPORATION AND CERTAIN

HOLDERS OF PREFERRED STOCK OF THE CORPORATION. 

COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE

SECRETARY OF THE CORPORATION

 

(d)           Notices.  All notices, consents, requests, demands,

instructions or other communications provided for herein shall be in writing

and shall be deemed validly given, made and served when (a) delivered

personally, (b) sent by certified or registered mail, postage prepaid,

(c) sent by reputable overnight delivery service, or (d) sent by

telephonic facsimile transmission, and, pending the designation of another

address, addressed as follows:

 

	

  If to the Company:

  	

  Zamba Corporation

  
	

   

  	

  3033 Excelsior Blvd., Suite 200

  
	

   

  	

  Minneapolis, Minnesota 55416

  
	

   

  	

  Attn:  Chief

  Financial Officer

  
	

   

  	

  Fax: (952) 893-3948

  

 

 

7

 

If to the

Purchaser:

 

Fax:

 

(e)           Entire Agreement and Counterparts.  This Agreement evidences the entire

agreement between the Company and the Purchaser relating to the subject matter

hereof and supersedes in all respects any and all prior oral or written

agreements or understandings.  This

Agreement may not be amended or modified, and no provisions hereof may be

waived, except by written instrument signed by both the Company and the

Purchaser.  This Agreement may be

executed in counterparts, each of which shall be deemed an original and all of

which, when taken together, shall constitute one Agreement.

 

(f)            The Purchaser and the Company

understand the meaning and legal consequences of the agreements,

representations and warranties contained herein.  The Purchaser and the Company agree that such agreements,

representations and warranties shall survive and remain in full force and effect

after the execution hereof and payment for the Shares.

 

(g)           Any controversy or claim arising out

of or relating to this Agreement, the Subscriber’s purchase of Shares or any

breach of this Agreement, shall be settled by arbitration administered by the

American Arbitration Association in accordance with its Securities Arbitration

Rules, and judgment on the award rendered by the Arbitrator(s) may be entered

in any court having jurisdiction thereof.

 

(h)           Headings.  Section headings used in this Agreement have

no legal significance and are used solely for convenience of reference.

 

(i)            Expenses.  Each party shall pay for its own legal,

accounting and other similar expenses incurred in connection with the

transaction contemplated by this Agreement.

 

IN WITNESS

WHEREOF, the Company and the Purchaser have executed this Agreement as of the

date set forth in the first 

paragraph.

 

	

  THE COMPANY:

  	

   

  	

  THE PURCHASER:

  
	

   

  	

   

  	

   

  
	

  ZAMBA CORPORATION

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

  By:

  	

  /s/ Michael H. Carrel

  	

   

  	

   

  	

  /s/ Thomas P. Magne

  
	

  Name:

  	

  Michael H. Carrel

  	

   

  	

   

  	

  Name: Thomas P. Magne

  
	

  Title :  

  	

  CFO

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
						

 

8EXHIBIT

10.07

 

ZAMBA CORPORATION SECOND

AMENDMENT TO LEASE AGREEMENT

 

This Second Amendment To Lease Agreement (“Second Amendment”) is entered into as of

July 11, 2002, by and between Acky-Calhoun, LLC, successor in interest to

Harvard Property (Lake Calhoun), L.P., 

(“Landlord”)

and ZAMBA Corporation (“Tenant”).

 

F  A

C  T  S

 

A.            On

or about May 5, 2000, Landlord and Tenant entered into a Lease Agreement (the “Lease”)

for that certain premises located at Suite 200, 3033 Excelsior Blvd.,

Minneapolis, MN 55416 (the “Premises”).

 

B.            On

or about August 9, 2000, Landlord and Tenant

entered into a First Amendment To Lease Agreement, which modified the Lease

Term and Base Rent for the Premises.

 

C.            Landlord and Tenant have agreed to partially

terminate the Lease on the terms and conditions set forth below.

 

Now, therefore, for good and valuable consideration,

the receipt and sufficiency of which is hereby acknowledged, the parties hereto

agree as follows:

 

1.             Partial Termination of Lease.  Provided that Tenant performs all of its

obligations under Section 2 of this Second Amendment, the Lease shall be

modified as of the first event occurring in Section 3 of this Second Amendment

(the “Termination

Date”) to delete from the Lease approximately 16,470 net rentable

square feet of the leased Premises (the “Reduction

Space”), as set forth in Exhibit A, attached hereto and incorporated

herein by reference.  Tenant shall

retain approximately 10,300 net rentable square feet of the Premises (the “Retained Space”), as set forth in Exhibit

A, at a monthly Base Rent as follows:

 

	

  Period

  	

   

  	

  Monthly

  Base Rent

  	

   

  
	

  07/01/02 —

  08/31/02

  	

   

  	

  $

  	

  12,875.00

  	

   

  
	

  09/01/02 —

  08/31/03

  	

   

  	

  $

  	

  13,290.00

  	

   

  
	

  09/01/03 —

  08/31/04

  	

   

  	

  $

  	

  13,700.00

  	

   

  
	

  09/01/04 —

  12/31/05

  	

   

  	

  $

  	

  14,165.00

  	

   

  

 

In addition to Base Rent, Tenant shall pay Operating Costs, as described in the

Lease.  The estimated Operating Costs

for the year 2002 are Twelve Dollars and Ninety-three Cents ($12.93) per square

foot.  Therefore, for July 2002, the

Operating Costs associated with the Retained Space shall be Eleven Thousand One

Hundred Dollars and No Cents ($11,100.00). 

The Tenant’s Proportionate Share

for the Retained Space shall be Six and Six-hundredths percent (6.6%).   Tenant shall continue to lease (under four

(4) separate Lease Agreements with month-to-month terms) four (4) storage

spaces within the Building, known

as 2-A, G-1, G-20, and G-21, which currently, collectively, rent for Three

Hundred Four Dollars and No Cents ($304.00) per month.  Therefore, the Tenant’s total monthly

obligation for July 2002 shall be Twenty-four Thousand Two Hundred Seventy-nine

Dollars and No Cents ($24,279.00), inclusive of Base Rent, Operating Costs, and

Storage rental.

 

2.             Termination Payment.  As a condition to Landlord’s obligations under this Second

Amendment, and in consideration for Landlord’s agreement to partially terminate

the Lease, Tenant shall pay to Landlord the sum of Two Hundred Eighty-four

Thousand One Hundred Sixty-five Dollars and Thirty Cents ($284,165.30) (the “Termination

Payment”), which is comprised of Forty-two Thousand Six Hundred

Sixteen Dollars and Fifty Cents ($42,616.50) for all amounts due under the

Lease for May 2002, Sixty-two Thousand Six Hundred Sixteen Dollars and Fifty

Cents ($62,616.50) for all amounts due under the Lease for June 2002,

Twenty-four Thousand Two Hundred Seventy-nine Dollars and No Cents ($24,279.00)

for Base Rent, Operating Costs and Storage rent for the Retained Space for the

month of July 2002, and One Hundred Fifty-four Thousand Six Hundred Fifty-three

Dollars and Thirty Cents ($154,653.30) for a buyout of the Reduction

Space.  Tenant shall deliver the

Termination Payment to Landlord on or before the date that is two (2) business

days after the date this Amendment has been executed by Landlord and Tenant

(the “Payment

Date”).  The Termination

Payment shall be delivered to Landlord in the form of a wire transfer made

payable to Landlord.

 

3.             Termination Date.  Subject to prior execution of this Amendment by Landlord and

Tenant and Tenant’s payment of the Termination Payment, the Lease shall

terminate as to the Reduction Space at 11:59 p.m., June 30, 2002 (the “Termination Date”).  Landlord acknowledges that Tenant shall

proceed with all reasonable speed to remove its property and equipment promptly

from the Reduction Space, but that Tenant may not completely vacate the

Reduction Space by the Termination Date. 

Tenant shall however, vacate the Reduction Space by no later than July

31, 2002.  Notwithstanding the above,

Tenant shall not conduct general business operations in the Reduction Space

following the Termination Date.

 

 

4.             Definitions. 

Any words not defined herein shall have the definitions set forth in the

Lease, subject to any express modification contained in this Amendment.

 

5.             Tenant Release. 

As of the Termination Date, Tenant,

for itself and for its affiliated corporations and partnerships, officers,

directors, shareholders, agents, representatives, employees, attorneys,

shareholders, successors in interest, personal representatives, heirs, assigns

and each of them, absolutely, fully and forever releases and discharges

Landlord and Landlord’s respective members, officers, partners, agents,

representatives, employees, servants, attorneys, successors in interest,

assigns and each of them, whether past, present or future, of and from any and

all claims, demands, liabilities, obligations, losses, controversies, costs,

expenses, attorneys’ fees and damages of every kind, nature, character or

description whatsoever, whether in law or in equity, and whether known or

unknown, suspected or unsuspected, arising out of, connected with, or in any

way related to the Reduction Space. 

Tenant acknowledges and agrees that the release set forth above applies

to all claims relating to the Reduction Space whether those claims are known or

unknown, foreseen or unforeseen. 

 

6.             Landlord Release.  Subject to the performance by Tenant of all of its obligations

under this Second Amendment (none of which are released by this Section 6), as

of the Termination Date, Landlord, for

itself and for its affiliated corporations and partnerships, members, officers,

agents, representatives, employees, attorneys, shareholders, successors in

interest, personal representatives, heirs, assigns and each of them,

absolutely, fully and forever releases and discharges Tenant and its officers,

directors, shareholders, agents, representatives, employees, servants,

attorneys, successors in interest, assigns and each of them, whether past,

present or future, of and from any and all claims, demands, liabilities,

obligations, losses, controversies, costs, expenses, attorneys’ fees and

damages of every kind, nature, character or description whatsoever, whether in

law or in equity, and whether known or unknown, suspected or unsuspected,

arising out of, connected with, or in any way related to the Reduction Space or

for payments of any amounts under the Lease not expressly set forth herein. Subject

to the performance by Tenant of all of its obligations under this Second

Amendment, Landlord acknowledges and agrees

that the release set forth above applies to all claims relating to the

Reduction Space or for payments of any amounts under the Lease not expressly

set forth herein whether those claims are known or unknown, foreseen or

unforeseen.

 

7.             Additional Provisions.  The renewal option described in paragraph 38(a) of the Lease and

the expansion space requirements described in paragraph 38(b) of the Lease

shall both be deleted and longer valid.

 

8.             Entire Agreement. This Amendment contains the entire agreement between the parties and may

only be modified or amended by a writing signed by all parties.  Except as expressly set forth herein, any

terms and conditions in the Lease that are not modified by this Amendment shall

continue in full force and effect between the parties.

 

9.             No Assignment of Claims. The parties hereto represent and warrant that they have not transferred

or otherwise assigned, either by contract or operation of law, any of the

claims released under this Amendment.

 

10.           Counterparts and Facsimiles.

This Amendment may be executed in one or

more counterparts, which shall be deemed effective upon full execution of this

Amendment by all parties.  Each

counterpart shall be deemed an original, but all of which together shall

constitute one and the same instrument and agreement.  In addition, a copy of this Amendment executed by a party hereto

and telecopied to the other party shall be deemed to constitute delivery of an

originally executed copy of this Amendment to the other party.  A facsimile signature shall be enforceable

to the same extent as an original signature.

 

11.           Authority.  The

parties executing this Amendment represent that they each have authority to

enter into this Amendment, and that this Amendment is binding on such party and

enforceable in accordance with its terms. 

The persons executing this Amendment on behalf of the parties to this

Amendment represent and warrant that they individually have authority to enter

into this Amendment on behalf of such parties.

 

IN WITNESS WHEREOF, the parties hereby execute this

Amendment.

 

	

  LANDLORD:

  	

   

  	

  TENANT:

  
	

   

  	

   

  	

   

  
	

  Acky-Calhoun, LLC

  	

   

  	

  ZAMBA Corporation

  
	

   

  	

   

  	

   

  
	

  By: 

  	

  /s/ Stuart I. Ackerberg

  	

   

  	

   

  	

  By: 

  	

  /s/ Ian Nemerov

  	

   

  
	

   

  	

   

  	

   

  
	

  Name: Stuart I. Ackerberg

  	

   

  	

  Name: Ian Nemerov

  
	

   

  	

   

  	

   

  
	

  Title: Member

  	

   

  	

  Title: Vice President and General Counsel

  
	

   

  	

   

  	

   

  
	

  Date: July 11, 2002

  	

   

  	

  Date: July 11, 2002

  
							

 

2

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