Document:

Amendment No. 1 to the Information Technology Services Agreement

 EXECUTION VERSION 

Exhibit 10. 24 

NOTE: PORTIONS OF THIS AGREEMENT ARE THE SUBJECT OF A 

CONFIDENTIAL TREATMENT REQUEST BY THE REGISTRANT TO THE 

SECURITIES AND EXCHANGE COMMISSION. SUCH PORTIONS HAVE BEEN 

REDACTED AND ARE MARKED WITH A “[****]” IN PLACE OF THE REDACTED LANGUAGE. 

AMENDMENT NO. 1 TO THE 

INFORMATION TECHNOLOGY SERVICES AGREEMENT 

This Amendment No. 1 to the Information Technology Services Agreement (this “Amendment”), dated as
of June 25, 2010 (the “Amendment Effective Date”) is to the Information Technology Services Agreement, between INTERNATIONAL BUSINESS MACHINES CORPORATION (“Supplier Party”) and BROADRIDGE FINANCIAL SOLUTIONS,
INC. (“Customer Party”), dated as of March 31, 2010 (the “Agreement”). Unless Capitalized terms used in this Amendment have the meanings set forth in the Agreement. 

WHEREAS, the Contracting Parties desire to modify the terms and conditions of the Agreement as set forth in this
Amendment. 
 NOW, THEREFORE, for and in consideration of the agreements set forth below, the Contracting
Parties agree as follows: 
 ARTICLE 1 AMENDMENTS TO THE
AGREEMENT.    Effective as of the Amendment Effective Date, the Agreement is hereby amended as follows: 
  

	 (1)
	 The preamble is amended to include a comma between “(“Supplier Party”)” and “and BROADRIDGE FINANCIAL SOLUTIONS,
INC.”. 

  

	 (2)
	 The second recital is amended to replace “under the ADP Agreement” with “by ADP”. 

 

	 (3)
	 Section 1.01 is amended as follows: 

  

	 	 (a)
	 add the following definitions in proper alphabetical order: 

“Acceptance” has the meaning set forth in Exhibit 9. 

“Excess Operational Capacity” has the meaning set forth in Exhibit 4. 

“Milestone” has the meaning set forth in Exhibit 1. 

“Network Tower” has the meaning set forth in Exhibit 2. 

 

	 	 (b)
	 delete the following definitions: 

“ADP Agreement” has the meaning set forth in Section 2.01. 

“Definitive Agreement” has the meaning set forth in Section 13.03. 

 

	 	 (c)
	 replace “on stored” with “or stored” in the definition of “Access”. 

 

					
	 Amendment No. 1
	  		  	1

 EXECUTION VERSION 

Exhibit 10. 24 
  

	 	 (d)
	 insert “the” between “with” and “Services” in the definition of “Data Subject”.

  

	 	 (e)
	 add “, other than Developed Customer Software” at the end of the definition of “Developed Supplier Software”.

  

	 	 (f)
	 with respect to the definition of “Project”: 

 

	 	 (i)
	 insert “otherwise” between “is not” and “required”. 

 

	 	 (ii)
	 replace “the Agreement” with “this Agreement”. 

 

	 	 (g)
	 replace “Section 28(1)” with “Section 28.01” in the definition of “Service Interruption Date”.

  

	 (4)
	 Section 2.01 is amended to insert “the” between “in light of” and “discussions” in the second sentence.

  

	 (5)
	 Section 3.06 is amended to replace “Customer Agent” with “Customer Agents” in clause (2).

  

	 (6)
	 Section 3.07(4) is amended to replace “project” with “Project” in the last sentence. 

 

	 (7)
	 Section 3.12(2) is amended to replace “such New Service” with “the applicable New Service”.

  

	 (8)
	 Section 3.15 is amended to replace “the Form of Statement of Work” with “a Statement of Work” in the fourth
sentence. 

  

	 (9)
	 Section 3.16(3) is amended as follows: 

 

	 	 (a)
	 replace “that” with “the extent to which”. 

 

	 	 (b)
	 replace “meet the applicable Service Level” with “perform the applicable Service”. 

 

	 (10)
	 Section 4.05(1)(a)(ii) and Section 4.05(2)(a)(ii) are amended to replace “Benchmarking Report was issued, to” with
“Benchmark Results were issued, by”. 

  

	 (11)
	 Section 4.06 is amended to replace “Section 4.04(1), Section 4.04(1) and Section 4.04(1)”
with “Section 4.04(1), Section 4.04(2), Section 4.04(3) and Section 4.04(4)” in the first sentence. 

 

	 (12)
	 Section 4.06(1)(ii) is amended to replace “Benchmark Results was issued” with “Benchmark Results were issued”.

  

	 (13)
	 Section 4.06(2) is amended to replace “i.e,” after “i.e.,” at the beginning of the first parenthetical.

  

	 (14)
	 Section 4.06(3) is amended to delete “prior” after “If, after giving effect to” in the first sentence.

  

					
	 Amendment No. 1
	  		  	2

 EXECUTION VERSION 

Exhibit 10. 24 
  

	 (15)
	 Section 4.06(5) is amended to add “; provided, however, [****] at the end of the last sentence. 

 

	 (16)
	 Section 4.07(1) is amended to replace “At the end of Contract Year [****]” with “After the [****] of the applicable
Steady State Date”. 

  

	 (17)
	 Section 9.01(2) is amended to add “the” between “shall apply to” and “extent Supplier’s failure”.

  

	 (18)
	 Section 9.01(4) is amended to add “pursuant to this Section” as follows: 

 

	 	 (a)
	 in clause (a) after “shall not be required”. 

 

	 	 (b)
	 in clause (b) after “shall not be used”. 

 

	 (19)
	 Section 10.05 is amended to replace “the Agreement” with “this Agreement” in clause (1) of the second sentence.

  

	 (20)
	 Section 13.02 is amended to delete “Exhibit 1 and” in clause (2) of the second sentence.

  

	 (21)
	 Section 13.03 is amended to add “[****]” between “[****]” and “[****]” in the second sentence.

  

	 (22)
	 Section 15.02 is amended to insert “(or, in the case of [****])” between “[****]” and “after performance”
in the fourth sentence. 

  

	 (23)
	 Section 16.02(2) is amended to replace “any such other Supplier client” with “any such other Supplier clients” in
clause (b) of the second sentence. 

  

	 (24)
	 Section 18.01 is amended to insert the sentence “Audits performed pursuant to this Section 18.01 shall not be performed
by a Supplier Competitor.” between the first and second sentences. 

  

	 (25)
	 Section 18.04(1) is amended to replace “practice” with “practices” in clause (b). 

 

	 (26)
	 Section 18.04(2) is amended to replace “the multi-client” with “a multi-client” in the first sentence.

  

	 (27)
	 Section 18.04(9) is amended to replace “it’s” with “its” in the second sentence. 

 

	 (28)
	 Section 20.02 is amended as follows: 

  

	 	 (a)
	 replace “Laws regulating Supplier in its capacity as a provider of IT services, and Laws applicable to Supplier’s performance of the
Services and Supplier’s obligations with respect to Data Protection Laws set forth in Section 11.06 and Section 11.07” with “Supplier Operational Laws” in the first sentence. 

 

	 	 (b)
	 delete “both,” after “with respect to” in clause (2) of the second sentence. 

 

					
	 Amendment No. 1
	  		  	3

 EXECUTION VERSION 

Exhibit 10. 24 
  

	 (29)
	 Section 21.02(15) is amended to add “and” at the end of such Section. 

 

	 (30)
	 Section 21.02(16) is amended to replace “property)” with “property” in the last sentence.

  

	 (31)
	 Section 22.03 is amended to insert “the” between “With respect to” and “Indemnifying Party’s” in the
fourth sentence. 

  

	 (32)
	 Section 23.01 is amended to add “[****]” after “[****]” at the end of the last sentence.

  

	 (33)
	 Section 23.04(1)(b) is amended to add “and” at the end of such Section. 

 

	 (34)
	 Section 23.04(1)(c) is amended to replace “; and” with “.” at the end of such Section. 

 

	 (35)
	 Section 23.04(2)(a)(ii)(I) is amended to delete “and” at the end of such Section. 

 

	 (36)
	 Section 25.06 is amended to replace “[****]” with “[****]” in the first sentence. 

 

	 (37)
	 Section 25.09 is amended to add “Section 4.06(2), Section 4.06(3), Section 4.06(5),
Section 4.07(1),” between “Section 4.05,” and “Section 20.02”. 

  

	 (38)
	 Section 25.10(2)(c) is amended to add “and” at the end of such Section. 

 

	 (39)
	 Section 25.11(4) is amended to add “that would be restricted from being delivered pursuant to the terms applicable to such third
party Software and Work Product” at the end of the first parenthetical. 

  

	 (40)
	 Section 25.15 is amended as follows: 

  

	 	 (a)
	 replace “exit plan for the transfer of each of the Services from Supplier to Customer Party or another supplier designated by Customer
Party” with “Exit Plan” in the first sentence. 

  

	 	 (b)
	 replace “plan” with “Exit Plan” in the second sentence. 

 

	 (41)
	 Section 27.02 and Section 27.03 are amended to replace “Article 28(1)” with
“Section 28.01”. 

 ARTICLE 2     ENTIRE AGREEMENT.

 This Amendment, together with the Agreement, constitutes the entire agreement of the Contracting Parties with respect to the
subject matter herein. Except as specifically amended herein, the Agreement shall remain in full force and effect and is hereby ratified in all respects. This Amendment shall be governed by, and construed and enforced in accordance with, the Laws of
the State of New York without giving effect to the principles of conflicts of law 

*                    *  
                  *                    * 

 

					
	 Amendment No. 1
	  		  	4

 IN WITNESS WHEREOF, the authorized representatives of the Contracting Parties have executed
this Amendment as of the Amendment Effective Date. 
  

									
	 INTERNATIONAL BUSINESS MACHINES CORPORATION
	 		 	 BROADRIDGE FINANCIAL

SOLUTIONS, INC.

			
	 by: /s/ Scott A. Morin
	 		 	 by: /s/ John Hogan

	 name: Scott A. Morin
	 		 	 name: John Hogan

	 title: Vice President
	 		 	 title: President, Chief Operating Officer

	 date: June 25, 2010
	 		 	 date: June 24, 2010

  

 
  
  

Signature Page to Amendment No. 1 to the Information Technology Services Agreement dated as of June 25, 2010 

 

					
	 Amendment No. 1
	  		  	5Eighth Amendment to Lease Agreement

 Exhibit 10.1 

EIGHTH AMENDMENT TO LEASE 

This Eighth Amendment to Lease (“Eighth Amendment”) is made as of
July 
19th,
 2010 by and between Wells Fund XIII-REIT Joint Venture, a Georgia joint venture partnership (“Landlord”), and American Intercontinental University, Inc., a Georgia corporation (“AIU”). 

RECITALS: 

A. Two Park Center, L.L.C. (“Original Landlord”) and Tenant entered into that certain Lease dated
March 13, 2002 (the “Original Lease”) as amended by that certain (i) First Amendment to Lease dated May 3, 2002 (“First Amendment”), (ii) Second Amendment to Lease dated September 30, 2002 (“Second
Amendment”), (iii) Third Amendment to Lease dated January 31, 2003 (“Third Amendment”), (iv) Fourth Amendment to Lease dated February 28, 2003, (v) Fifth Amendment to Lease dated March 30, 2004
(“Fifth Amendment”), Sixth Amendment to Lease dated September 2, 2004 (“Sixth Amendment”) and Seventh Amendment to Lease dated October 14, 2005 (“Seventh Amendment”) (the Original Lease together with the First
Amendment, Second Amendment, Third Amendment, Fourth Amendment, Fifth Amendment, Sixth Amendment, and Seventh Amendment are collectively referred to herein as the “Lease”) with respect to premises more particularly described therein
(“Premises”) in the building located at 5550 Prairie Stone Parkway, Hoffman Estates, Illinois commonly known as Two Park Center (the “Building”). In addition, certain other space in the Building was rolled into the Premises and
the Lease in accordance with that certain Lease and Sublease Modification Agreement dated January 31, 2005 among Landlord, Tenant, and Lumbermens Mutual Casualty Company. 

B. Landlord is the successor to Original Landlord. 

C. The Term of the Lease is scheduled to expire December 31, 2010. 

D. Landlord and Tenant now desire to extend the Term of the Lease for two (2) years, but only with respect to all
leasable space on the third floor of the Building, containing approximately 48,993 rentable square feet, plus 11,092 rentable square feet on the first floor of the Building (collectively referred to herein as the “Reduced Premises”) shown
on Exhibit A attached hereto and incorporated herein. The first floor portion of the Reduced Premises shall include, and Tenant shall be responsible for, 11,092 rentable square feet, even though Tenant intends to use only approximately
6,976 rentable square feet of same as shown on Exhibit C. 
 E. With respect to all of the
Premises other than the Reduced Premises, the Lease shall naturally expire on December 31, 2010 and Tenant shall satisfy all of its obligations under the Lease as if the Term had naturally expired as of such date with respect thereto.

 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows: 
 1. The recitals set forth above are hereby incorporated into and
made a material part of this Eighth Amendment. Capitalized terms used but not otherwise defined herein shall have the same meaning ascribed to them in the Lease. 

  

 2. The Term of the Lease for the Reduced Premises is hereby extended through
December 31, 2012. Between January 1, 2011 and December 31, 2012 (the “Reduced Premises Term”), Tenant shall pay Base Rent for the Reduced Premises in the following amounts at the following times, in accordance with the
requirements of the Lease: 
  

							
	 Time Period:
	  	Monthly Base Rent	  	Annual Base Rent/rsf
	 1/1/11 – 12/31/11
	  	$	55,077.92	  	$	11.00
	 1/1/12 – 12/31/12
	  	$	57,581.46	  	$	11.50

 Tenant shall continue
to pay Tenant’s Proportionate Share of Building Operating Expenses and Taxes for the Reduced Premises during such time, provided that Tenant’s Building Expense Percentage, Tenant’s Proportionate Share of Building Operating Expenses,
and Tenant’s Proportionate Share of Taxes shall be reduced to 31% effective January 1, 2011 based on the new, reduced square footage of the Reduced Premises divided by the rentable area of the Building, 193,701 rentable square feet.
Nothing contained herein shall be deemed to modify Tenant’s rent obligations for the entire Premises through December 31, 2010. 

3. Landlord shall not be entitled to relocate the third floor portion of the Reduced Premises, however, Landlord reserves
the right to substitute for the first floor portion of the Reduced Premises other premises at the Building (herein referred to as the “Relocation Premises”), provided: (i) the Relocation Premises shall be similar to the first floor
portion of the Reduced Premises in square footage area, (ii) Landlord shall give Tenant at least ninety (90) days’ written notice before making such change, and the parties shall execute an amendment to the Lease confirming the change
within thirty (30) days after either party shall request the same; (iii) Landlord shall pay directly all of the out of pocket expenses and costs associated with Landlord’s relocation of Tenant’s first floor portion of the Reduced
Premises to the Relocation Premises at Landlord’s sole cost. In addition, at Landlord’s sole cost, Landlord shall be responsible for reinstalling the Tenant’s personal property and equipment in the Relocation Premises, and improving
the Relocation Premises so that they are substantially similar to the first floor portion of the Reduced Premises (including, but not limited to, cabling and network systems), and, (iv) such move shall be made during evenings, weekends, or
otherwise so as to incur the least inconvenience to Tenant. Tenant waives any claim for abatement of Rent or loss of profits due to such relocation. Tenant shall cooperate with Landlord in connection with any relocation, including, without
limitation, providing timely responses to any requests for review and approval of proposed plans for tenant improvements to the Relocation Premises. Upon the date of such relocation, the first floor portion of the Reduced Premises shall be removed
from the Premises, the Relocation Premises shall become and be deemed part of the Premises hereunder and all the terms, covenants and conditions of this Lease shall be applicable to the Relocation Premises. After such relocation, Landlord and
Tenant, within thirty (30) days after the written request of either Landlord or Tenant, shall execute a written amendment to the Lease confirming the foregoing relocation. Notwithstanding anything stated to the contrary herein, Landlord shall
not have the aforesaid right to substitute the first floor portion of the Reduced Premises during the last six (6) months of the Reduced Premises Term. 
  

  

Page 2 

 4. Tenant shall continue to maintain Tenant’s existing exterior signage
rights at the Building notwithstanding the reduction of the Premises; provided, however, that Landlord reserves the right and option to terminate Tenant’s exterior signage rights at any time upon at least thirty (30) days prior written
notice to Tenant, notwithstanding anything to the contrary contained in the Lease including, without limitation, in Section 18 of the Original Lease. If Landlord sends Tenant notice to remove Tenant’s exterior signage, Tenant must remove
Tenant’s exterior signage and repair any damage caused by Tenant’s exterior signage during such thirty (30) day period. 

5. Tenant hereby accepts the Reduced Premises in their current “as is” condition, provided that Landlord at
Landlord’s expense shall paint the interior drywall in the first floor portion of the Reduced Premises with one (1) coat of Building standard paint, shampoo the existing carpet in the first floor portion of the Reduced Premises, and
install two (2) Building standard doors (both of which will be at Landlord’s expense) in locations shown on Exhibit B, attached hereto and incorporated herein, in order to secure the first floor portion of the Reduced
Premises. Furthermore, in the event that Landlord leases the balance of existing Suite 150 to be occupied and possession delivered before December 31, 2012, Landlord shall construct any new necessary common corridor and Tenant shall be required
to reimburse Landlord within 30 days of receipt of an invoice therefore for fifty percent (50%) of Landlord’s hard and soft construction costs with respect thereto. Landlord shall provide Tenant with a copy of the proposal for such costs
prior to incurring the costs and a proposed schedule for the performance of such work. Landlord shall not be required to perform Landlord’s work after hours unless Tenant pays the additional overtime cost; however, Landlord shall exercise
reasonable efforts to not disturb Tenant’s operation of business while performing such work. Except as caused by Landlord’s, its contractors’, employees’, or agents’ negligence, Tenant agrees to release and hold Landlord
harmless from and against any and all claims for loss, costs, damages, inconvenience, expenses, property damage and personal injury arising out of Landlord performing such work while Tenant is in possession of the Premises. Landlord approves the
space plan for Tenant’s proposed improvements to the first floor portion of the Reduced Premises which is attached hereto as Exhibit C and incorporated herein. 

6. Article 15 of the Original Lease is hereby amended to reduce the number of underground parking spaces to which Tenant
is entitled to thirteen (13). 
 7. Articles 16 (Extension Option), 17 (Right of First Offer), and 20
(Exclusive) of the Original Lease are hereby deleted. 
 8. Neither Landlord nor Tenant has dealt with any
broker or agent in connection with the negotiation or execution of this Eighth Amendment, other than Jones Lang LaSalle and CB Richard Ellis (collectively, the “Brokers”), whose commissions shall be paid by Landlord in accordance with
their separate agreement. Tenant and Landlord shall each indemnify the other against all costs, expenses, attorneys’ fees, and other liability for commissions or other compensation claimed by any broker or agent claiming the same by, through,
or under the indemnifying party other than the Brokers. 
  

  

Page 3 

 9. This Eighth Amendment sets forth the entire agreement with respect to the
matters set forth herein. There have been no additional oral or written representations or agreements. In the case of any inconsistency between the provisions of this Eighth Amendment and the Lease, the provisions of this Eighth Amendment shall
control to the extent necessary to resolve any inconsistency. 
 10. If any provision contained in this Eighth
Amendment is rendered invalid or unenforceable by a court of competent jurisdiction, it shall not affect the remaining provisions of this Eighth Amendment and the Lease, which shall remain in full force and effect. 

11. This Eighth Amendment shall not be binding until executed and delivered by both parties. 

12. This Eighth Amendment may be executed in any number of counterparts, any one of which shall be an original, but all
of which together shall be one and the same instrument. 
 13. As modified by this Eighth Amendment, the Lease
is hereby ratified and confirmed, and shall remain in full force and effect. 
 (Signatures appear on following page.)

  

  

Page 4 

 IN WITNESS WHEREOF, the parties have executed this Eighth Amendment
as of the date first above written. 
  

									
	LANDLORD:
	
	 WELLS FUND XIII-REIT JOINT VENTURE PARTNERSHIP,

a Georgia joint venture partnership

			
		 	By:	 	 WELLS REAL ESTATE FUND XIII, L.P.,

a Georgia limited partnership

				
		 		 	By:	 	 Wells Capital, Inc.,

a Georgia corporation,
 as General
Partner

					
		 		 		 	By:	 	/s/ Douglas P. Williams
		 		 		 	Name:	 	Douglas P. Williams
		 		 		 	Title:	 	Senior Vice President
			
		 	By:	 	 PIEDMONT OPERATING PARTNERSHIP, LP,

a Delaware limited partnership

				
		 		 	By:	 	 Piedmont Office Realty Trust, Inc.,

a Maryland corporation,
 its sole General Partner

					
		 		 		 	By:	 	/s/ Joseph H. Pangburn
		 		 		 	Name:	 	Joseph H. Pangburn
		 		 		 	Title:	 	Senior Vice President

  

			
	AIU:
	
	 AMERICAN INTERCONTINENTAL UNIVERSITY, INC.

a Georgia corporation

		
	By:	 	/s/ Michael Graham
	Its:	 	Vice President

  

  

Page 5 

 EXHIBIT “A” 

REDUCED PREMISES 

SEE ATTACHED 

 

 

 

 

 EXHIBIT “B” 

NEW DOOR LOCATIONS 

SEE ATTACHED 

 

 

 EXHIBIT “C” 

SPACE PLAN FOR TENANT IMPROVEMENTS 

IN FIRST FLOOR PORTION OF REDUCED PREMISES 

SEE ATTACHED 

 

 

 REAFFIRMATION OF GUARANTY 

THE UNDERSIGNED, as guarantor of Tenant’s obligations under the Lease pursuant to that certain Guaranty dated
March 13, 2002 (the “Guaranty”) and as of the date of this Eighth Amendment, hereby: (a) consents to this Eighth Amendment; (b) ratifies the Guaranty; (c) confirms that the Guaranty remains in full force and effect; and
(d) agrees that the Guaranty includes, without limitation, all of Tenant’s obligations under the Lease as amended by the Eighth Amendment. 
  

			
	CAREER EDUCATION CORPORATION, a Delaware corporation
		
	By:	 	/s/ Michael Graham
	Name:	 	Michael Graham
	Title:	 	EVP & CFO

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