Document:

Unassociated Document

                                                                                Exhibit
    10.47

    

    SECOND
      AMENDMENT TO LEASE AGREEMENT

    

    

    THIS
      SECOND LEASE AMENDMENT, is made and entered it this 7th
      day of
      April, 2000 among BSRT Phoenix Business Park, LLC, as Landlord, and
      LightNetworks, Inc., a Georgia Corporation, as Tenant.

    

    WITNESSETH

    

    WHEREAS,
      Landlord and Tenant entered into a Lease Agreement (“Lease”) for the use and
      occupancy of the certain premises (the “Premises”) by Tenant located in Phoenix
      Business Park, 2700 N.E. Expressway, Building B, Suite B-900, Atlanta, GA 30345
      (the “Building”) dated January 13, 2000; and

    

    WHEREAS,
      Landlord and tenant do hereby intend to amend and modify the Lease as herein
      set
      forth.

    

    NOW
      THEREFORE, in consideration of the mutual covenants and conditions contained
      herein the received insufficiency which are hereby acknowledged, the parties
      hereto agree as follows:

    

    

    
      	1.  	
              Expansion

            

    

    Effective
      May 1, 2000 Tenant will add to the Premises approximately 9,846 rentable square
      feet known as Suite B-400, Exhibit “A” attached. Effective June 15, 2000. Tenant
      will add to the Premises 7,776 rentable square feet known as Suite B-450,
      Exhibit “A” attached. For the purposes of this Lease, Tenant’s Premises shall be
      defined as 41,422 rentable square feet as of May 1, 2000, and 49,198 rentable
      square feet as of June 15, 2000.

    

    
      	2.  	
              Expansion
                Space Rent Schedule

            

    

    

    Suite
      B-400

    

    
      	
              May
                1, 2000- Month 18 (as defined in the Lease)

            	
              $6,974.25/month

            
	
              Month
                19- Month 30 (as defined in the Lease)

            	
              $7183.48/month

            
	
              Month
                31- Month 42 (as defined in the Lease)

            	
              $7398.98/month

            
	
              Month
                43- Month 54 (as defined in the Lease)

            	
              $7620.95/month

            
	
              Month
                55- Month 66 (as defined in the Lease)

            	
              $7849.58/month

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     Suite
      B-450

    

    
      	
              June
                15,2000-June 30, 2000 (as defined in the Lease)

            	
              $2754.00/half
                month

            
	
              July
                1, 2000- Month 18 (as defined in the Lease)

            	
              $5508.00/month

            
	
              Month
                19- Month 30 (as defined in the Lease)

               

            	
              $5673.24/month

            
	
              Month
                31- Month 42 (as defined in the Lease)

               

            	
              $5843.44/month

            
	
              Month
                43- Month 54 (as defined in the Lease)

               

            	
              $6018.74/month

            
	
              Month
                55- Month 66 (as defined in the Lease)

               

            	
              $6199.30/month

            

    

    

    

    
      	3.  	
              Expansion
                Space Security Deposit

            

    

    

    Upon
      the
      execution of this Second Amendment to Lease Agreement, Tenant shall pay to
      Landlord an amount of $12,482.25 which shall be added to and made a part of
      Tenant’s Security Deposit as defined in the Lease.

    

    
      	4.  	
              Expansion
                Space Premises

            

    

    

    Lessor,
      at an expense not to exceed $6.00/SF ($105,732.00) (“Improvement Allowance”) and
      no later than September 30, 2000 shall complete improvements to the Premises
      per
      mutually agreed upon construction drawings. Said Improvement Allowance shall
      go
      toward the cost of Lessee’s improvements, architectural fees and a construction
      management fee equal to five percent (5%) of said costs. The Improvement
      Allowance may not be used to pay for non-construction items, such as rent,
      moving expenses, furniture or telecommunications equipment. Should the actual
      improvement costs exceed the Improvement Allowance, Lessee shall pay Lessor
      said
      excess amount within 30 days of the receipt of an invoice from Lessor for said
      amount. 

    

    Except
      as
      expressly amended or modified hereby, the terms and conditions of the First
      Amendment to Lease Agreement, as amended, shall be and remain in full force
      and
      effect and are hereby confirmed by Landlord and Tenant.

    

    

    LESSOR: BSRT
      Phoenix Business Park L.L.C.

    

    

    By: BSRT
      PORTFOLIO CORP., its managing member

    

    By:
      /s/_____________________________________

    Vice
      President    

    
 

    LESSEE:
       LightNetworks,
      Inc.

    By:
      Joseph Phillip 

    Title 
      Director - Network Deployment and Construction     

    Attest:_____________________________________

    

    

    {CORPORATE
      SEAL}Unassociated Document

                                                                                    Exhibit
    10.48

    PHOENIX
      BUSINESS PARK

    ASSIGNMENT
      OF LEASE

    

    LightNetworks,
      Inc. (“Assignor”) and Network Telephone Corporation (“Assignee”) and BSRT
      Phoenix Business Park, L.L.C. (“Lessor”) hereby agree as follows:

    

    
      
        	1.  	
                Recitals.

              

      
1. 
      Recitals.

    
      	(a)  	
              Assignor,
                as Lessee and Lessor executed and delivered a certain Lease Agreement
                dated January 13, 2000 (the “Lease”), which Lease was amended by a First
                Amendment to Lease Agreement dated February 17, 2000 and a Second
                Amendment to Lease Agreement dated April 17,
                2000.

            

    

    

    
      	(b)  	
              Capitalization
                terms used herein shall have the same meanings as in the
                Lease.

            

    

    

    
      	(c)  	
              Assignor
                desires to assign the Lease to Assignee and Lessor has agreed to
                consent
                to such Assignment upon the terms and conditions
                hereof.

            

    

    

    2. Assignment
      and Acceptance.

    

    
      	(a)  	
              For
                and in consideration of ten and no/1000 dollars and other good and
                valuable consideration, Assignor hereby assigns to Assignee all of
                Assignor’s right, title and interest in and to the Lessee’s interest under
                the Lease. Assignor agrees to indemnify, defend and hold Assignee
                harmless
                from and against all claims, losses, damages, costs and fees assessed
                against Assignee in connection with the Lease for any time period
                prior to
                the effective date of this
                Assignment.

            

    

    

    
      	(b)  	
              Assignee
                accepts the foregoing Assignment and agrees to be bound by the terms
                and
                conditions of the Lease as if Assignee had been an original party
                thereto.
                Assignee will indemnify, defend and hold Assignor harmless from and
                against all claims, losses, damages, costs and fees assessed against
                Assignor in connection with the Lease for any time period from and
                after
                the Effective Date of this
                Agreement.

            

    

    

    3. Consent. 

    

    Lessor
      hereby consents to the foregoing Assignment conditioned upon receipt by Lessor,
      on or prior to the effective date of this Agreement, of a letter of credit
      or
      cash deposit in the amount of $240,000.00 representing the replacement of the
      Irrevocable Letter of Credit required by Paragraph 5 of Exhibit “B” (Special
      Stipulations) of the Lease as amended by Paragraph 6 of the First Amendment
      to
      the Lease, which has been cashed by Lessor to cure a default by Lessee under
      the
      Lease.

    

    4. Effective
      Date.

    

    The
      Effective Date of this Assignment is September
      21, 2000.

    

    SIGNATURES
      ON FOLLOWING PAGE

    

    

    

    Executed
      this 21st
      day of
      September, 2000.

    

     

    
      	 	
              Assignor:

               

              LightNetworks.
                Inc.

            
	 	
              By:
                Jeffrey D. Smock_

              Title:
                President & CEO

               

               

              Assignee:

               

              Network
                Telephone Corporation

              By:
                Johney Matthew

              Title:
                EVP/ CFO

               

               

               

              Lessor:

               

              BSRT
                Phoenix Business Park, L.L.C.

              By:Robert
                G. Higgins

              Title:Vice
                President

               

               

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      “B”

    Special
      Stipulations

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