Document:

Fifth Modification to Ground Lease

 Exhibit 10.129 
  
 Execution Copy 
  
 FIFTH MODIFICATION TO GROUND LEASE 
  
 THIS FIFTH MODIFICATION
TO GROUND LEASE (this “Modification”) is made as of January 1, 2006 by and between ISTAR SAN JOSE, LLC, a Delaware limited
liability company (“Lessor”), EQUINIX, INC., a Delaware corporation (“Assignor”), and EQUINIX OPERATING CO., INC., a Delaware corporation
(“Lessee”). 
  
 R E
C I T A L S 
  
 A. Lessor and Assignor entered into that certain Ground Lease dated as of June 21, 2000 (the “Original Lease”), as amended by that certain
First Modification to Ground Lease dated as of September 26, 2001, that certain Second Modification to Ground Lease dated as of March 20, 2002 (the “Second Amendment”), that certain letter agreement dated
September 24, 2002 (the “Letter Agreement”), that certain Third Modification to Ground Lease dated as of September 30, 2002 (the “Third Amendment”) and that certain Fourth Modification to Ground Lease
dated as of November 21, 2003 (collectively, the “Lease”), which Lease covers approximately 39.223 acres of unimproved real property, located in the City of San Jose, County of Santa Clara, State of California, as more particularly
described in the Lease. Capitalized terms used but not defined herein shall have the meanings set forth in the Lease. 
  
 B. Concurrently with the execution of the Original Lease, Lessor and Assignee executed a Memorandum of Lease and Purchase Option, dated as of
June 21, 2000 (the “Original Memorandum”), which Original Memorandum was recorded on June 21, 2000, as Document No. 15286834 in the Official Records of Santa Clara County, California (the “Official Records”). The
Original Memorandum was amended and restated by that certain Amended and Restated Memorandum of Lease and Purchase Option dated as of October 1, 2001. 
  
 C. Assignor has assigned its interest in the Lease to Lessee and Lessee has requested that Lessor modify the Lease as are set forth herein. 
  
 D. Lessor is willing to agree to such changes to the Lease on the terms and
conditions set forth herein. 
  
 A G
R E E M E N T 
  
 NOW THEREFORE, in consideration of the agreements of Lessor and Lessee herein contained and other valuable consideration,
the receipt and adequacy of which are hereby acknowledged, Lessor and Lessee hereby agree to modify the Lease as follows: 
  
 1. ASSIGNMENT OF LEASE 
  
 The parties acknowledge that Assignee has assigned all of its interest under the Lease to Lessee and Lessee has accepted such assignment and agreed to
assume all of Assignor’s rights, duties and obligations under the Lease. Assignor has executed this Modification for the sole purpose of acknowledging such assignment. In connection with 

  

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the assignment of the Lease by Assignor, Assignor has executed the Guaranty of Lease in the form attached as Exhibit 1. A condition precedent to the
effectiveness of this Modification shall be the due execution and delivery of such Guaranty of Lease by Assignor to Lessor. 
  
 2. MODIFICATION TO DEFINITIONS 
  
 The definition of the Expiration Date contained in Section 1 of the Lease is hereby amended and restated to read as
follows: 
  
 “Expiration Date” shall be
December 31, 2007. In addition all references to “Annual Base Rent” are hereby modified to refer to “Base Rent.” 
  
 The following definitions are hereby deleted: 
  
 Adjustment Date 
 Aggregate Permitted Square
Footage 
 Annual Base Rent Adjustment Percentage 
 Applicable Initial Date 
 Applicable Percentage 
 Approved Development Plan 
 Arbitrator

 Augmented LC Amount 
 Available
Cash 
 Available Closing Date 
 Base Amount 
 Base Date 
 Base FAR 
 Beginning Index 
 Capital Requirement 
 Closing 
 Closing Date 
 Construction Costs 
 CPI 
 Demolition Notice 
 Discounted Present Value 
 Discounted Rent Value 
 Effective Termination Date 
 Ending Index

 Entitlement Ratio 
 Entitlement
Change 
 Fair Market Value 
 FAR

 Initial Improvements 
 Initial
Investment Amount 
  

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 Initiation Date 
 LC Face Amount 
 LC Issuer 
 LC Termination Date 
 Lessor Exceptions 
 Letter of Credit 
 Letter of Credit Proceeds

 Maximum Reversion Value 
 Minimum Available Cash Period 
 Minimum Initial Improvements 
 Net Proceeds 
 Option Purchase Price

 Original LC Face Amount 
 Outside Initial IPO Date 
 Outside Secondary Offering Date 
 Plans 
 Preliminary Plan 
 Project Development Rider 
 Purchase Date

 Purchase Notice 
 Purchase
Offer 
 Purchaser 
 Purchase
Option 
 Qualifying Buildings 
 Qualifying IPO 
 Qualifying Secondary Offering 
 Rating Agency Requirements 
 Reduction Amount 
 Relevant Amount 
 Relevant Date 
 Relevant Spread 
 Renewal Election Period

 Renewal Option Term 
 Renewal
Term 
 Response Notice 
 Reversionary Interest 
 Secondary Offering 
 Selection Date 
 Specific Parcel Leases 
 Specific Parcel Lessee 
  
 3. RENT MODIFICATION 
  
 Notwithstanding anything to the Contrary in the Lease, Section 4.1 of the Lease is hereby deleted in its entirety and replaced with the following:

  

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 “4.1 Base Rent 
  
 During the period commencing January 1, 2006 until the Expiration Date, Lessee shall pay Lessor base rent of Forty
Million and no/100 Dollars ($40,000,000) (“Base Rent”). Notwithstanding anything to the contrary in this Lease, Lessor and Lessee acknowledge and agree that the Base Rent shall be payable in accordance with the provisions of this
Section 4.1 regardless of whether this Lease terminates on December 31, 2007 or at any time prior thereto and that any remaining unpaid Base Rent shall be deemed to have been earned and shall be due and payable in accordance with
Section 4.1(b) below. The Base Rent shall be payable as follows: 
  
 (a) Two Million Five Hundred Thousand Dollars ($2,500,000) payable in equal quarterly installments on the first business day of each of January, April, July and October during the Term of this Lease. 
  
 (b) Upon the termination of this Lease whether on the Expiration Date or at
any earlier termination date, Lessee shall deliver to Lessor a promissory note (the “Note”) duly executed by Guarantor in the form attached hereto as Exhibit 4.1 in an amount equal to the difference between the Base Rent paid
under Section 4.1(a) above and Forty Million and No/100 Dollars ($40,000,000). The Note shall be payable on the first business day of each of January, April, July and October, with the first payment being due and payable on the first business
day of the first to occur of January, April, July or October on or after the Termination Date, in equal quarterly installments of Two Million Five Hundred Thousand Dollars ($2,500,000) until the Note is paid in full, provided that the last payment
thereof may be in such lesser amount as may pay the outstanding balance of the Note in full. The Note shall bear no interest.” 
  
 A copy of the Note referenced above is attached to this Modification as Exhibit 4.1. 
  
 4. PROVISIONS DELETED 
  
 The following Sections are hereby deleted from the Lease: 3.3, 7.1, 7.2(a), 7.2(c), 7.2(d) and 7.2(e), 7.4(a), 11, 15.7,
second sentence of 17.3(c), 17.4(b), 17.5(a)(ii), 17.5(b)(ii), 17.7, 17.11, 18, 19, 20 and 21. For purposes of Section 22, the Guarantor shall provide all Financial Information required by such Section 22. The Project Development Rider is
hereby deleted from the Lease. 
  
 5. ALTERATIONS
AND ENCUMBRANCES 
  
 Notwithstanding anything to the contrary in the Lease, Lessee shall not make any Alterations, construct any Improvements or grant or create or permit to exist any easements, encumbrances, restrictions or liens affecting the Premises without
Lessor’s prior written consent, which may be withheld in its sole discretion. 
  

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 6. MODIFICATIONS TO SECTION 17 
  
 The parties acknowledge that no Improvements have ever been built on the
Premises. Consequently, any reference to an obligation on the part of Lessee to rebuild the Improvements in the event of a Casualty to the Premises is hereby deleted. In the event of a Casualty to the Premises, the Restoration Work shall be limited
to such work as may be required to restore the Premises to its condition prior to such Casualty to the extent reasonably and commercially feasible, but under all circumstances to the extent required to maintain the Premises in a safe condition and
in accordance with applicable legal requirements. 
  
 Notwithstanding anything to the contrary in Section 17.5 of the Lease or any other provision of Section 17, any and all Awards shall be paid directly to Lessor and Lessee shall not be entitled to receive any portion thereof. In
addition, notwithstanding anything to the contrary contained in the Lease, there shall be no reduction in Base Rent due to the occurrence of any Casualty or Appropriation affecting the Premises. 
  
 7. ADDITIONAL PROVISION 
  
 Notwithstanding any contrary provisions of the Lease, Lessor shall have the
right during the remaining term of the Lease, without Lessee’s consent, to (a) market the Premises for sale, lease, finance or pursue any similar or related transaction desired by Lessor, (b) apply for, process or otherwise pursue any
change or modification to the land-use or zoning status of the Premises, any tentative or final parcel or subdivision map relating to the Premises or pursue any other governmental approvals applicable to the Premises, and (c) in connection with
any of the foregoing, terminate the Lease upon at least ten (10) days prior written notice to Lessee. The notice shall specify the date on which such early termination will occur (the “Scheduled Early Termination Date”). In the event
of any termination of this Lease pursuant to the provisions of this Section or upon the termination of the Lease at the expiration of the Term, Lessee shall be relieved of any obligation to pay Additional Rent under the Lease, including, without
limitation, all Impositions, insurance and other costs relating to the Premises, as of the Termination Date and any such payments of Additional Rent shall be prorated as of the Termination Date, provided that any such early termination shall not
relieve the Lessee from its obligation to pay Base Rent as described in Section 4.1. 
  
 8. SURRENDER 
  
 Without limiting the terms and condition of Section 8.2 of the Lease, in the event Lessee does not deliver to Lessor the Note duly executed by Guarantor on or prior to the earlier to occur of the Expiration Date or the Scheduled Early
Termination Date pursuant to the terms of the Lease, Lessee shall be deemed to be holding over subject to the terms of Section 8.3 of the Lease. Lessee shall simultaneous with the execution of this Modification deliver to Lessor a quitclaim
deed duly executed by Lessee sufficient to release to Lessor all of Lessee’s rights, title and interest in the Premises, the Improvements (if any) and the Memorandum of Lease. Lessor shall hold such quitclaim deed and be entitled to record the
same upon the Expiration Date or any earlier termination of this Lease. 
  

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 9. REPRESENTATIONS, WARRANTIES AND COVENANTS

  
 Lessee hereby represents, warrants and covenants to
Lessor as follows: 
  
 (a) Lessee is a corporation, duly
organized, validly existing and in good standing under the laws of the State of Delaware, and is duly qualified to transact business in the State of California. 
  

(b) Lessee has taken all necessary action to authorize the execution, delivery and performance of this Modification. This Modification constitutes the
legal, valid and binding obligation of Lessee. 
  
 (c) Lessee has
the right, power, legal capacity and authority to enter into and perform its obligations under this Modification, and no approval or consent of any Person is required in connection with Lessee’s execution and performance of this Modification
that has not been obtained. The execution and performance of this Modification will not result in or constitute any default or event that would be, or with notice or lapse of time or both would be, a default, breach or violation of the
organizational instruments governing Lessee or any agreement or any deed restriction or order or decree of any court or other governmental authority to which Lessee is a party or to which it is subject. 
  
 (d) Lessee is the sole owner and holder of the leasehold estate and leasehold
interest created by the Lease, and Lessee has not made or agreed to make any assignment, sublease, transfer, conveyance, encumbrance, or other disposition of the Lease, Lessee’s leasehold estate or any other right, title or interest under or
arising by virtue of the Lease. 
  
 (e) Lessee has not
(i) made a general assignment for the benefit of creditors, (ii) filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by its creditors, (iii) suffered the appointment of a receiver to take
possession of all or substantially all of its assets, (iv) suffered the attachment or other judicial seizure of all or substantially all of its assets, (v) admitted in writing its inability to pay its debts as they become due, or
(vi) made an offer of settlement, extension or composition to its creditors generally (each, a “Bankruptcy Event”). 
  
 (f) At the time of the execution of this Agreement, Lessee is generally paying its debts as they become due, and the aggregate value of Lessee’s
assets at fair value exceeds the aggregate value of Lessee’s liabilities. 
  
 Lessee shall take all actions necessary to ensure that each of the representations, warranties and covenants contained in this Paragraph 2 remain true and correct in all material respects at all times during the
period between the date of this Modification and the expiration of the Term and any holdover period. 
  

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 10. BROKERS 
  
 Lessor and Lessee each represents and warrants to the other that neither it nor its officers or agents nor anyone acting on
its behalf has dealt with any real estate broker in the negotiating or making of this Modification, and each party agrees to indemnify and hold harmless the other from any claim or claims, and costs and expenses, including attorneys’ fees,
incurred by the indemnified party in conjunction with any such claim or claims of any other broker or brokers to a commission in connection with this Modification as a result of the actions of the indemnifying party. 
  
 11. MISCELLANEOUS 
  
 A. In the event of any inconsistencies between the terms of this
Modification and the Lease, the terms of this Modification shall prevail. This Modification shall bind and inure to the benefit of Lessor and Lessee and their respective legal representatives and successors and assigns. 
  
 B. This Modification may be executed in counterparts each of which
counterparts when taken together shall constitute one and the same agreement. 
  
 C. Except as set forth in this Modification, all terms and conditions of the Lease shall remain in full force and effect. 
  
 D. This Modification, with exhibits, is a fully-integrated agreement which, together with the Lease, contains all of the parties’ representations,
warranties, agreements and understandings with respect to the subject matter hereof. 
  
 [EXECUTION ON FOLLOWING PAGE] 
  

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 IN WITNESS WHEREOF, Lessor and Lessee have executed this
Modification as of the date first above written. 
  

					
	LESSOR:
	
	 iSTAR SAN JOSE, LLC,
 a Delaware limited liability company

		
	By:	 	 iStar Financial Inc.,
 a Maryland
corporation,
 Its: Sole Member

			
	 	 	By:	 	/s/ TIMOTHY J. O’CONNOR
	 	 	Name:	 	Timothy J. O’Connor
	 	 	Title:	 	 Executive Vice President & Chief
 Operating
Officer

	
	LESSEE:
	
	 EQUINIX OPERATING CO, INC., 
 a Delaware corporation

			
	 	 	By:	 	/s/ PETER VAN CAMP
	 	 	Name:	 	Peter Van Camp
	 	 	Title:	 	Chief Executive Officer
	
	ASSIGNOR:
	
	 EQUINIX, INC., 
 a Delaware corporation

			
	 	 	By:	 	/s/ PETER VAN CAMP
	 	 	Name:	 	Peter Van Camp
	 	 	Title:	 	Chief Executive Officer

  

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 Execution Copy 
  
 GUARANTY OF LEASE 
  
 THIS GUARANTY OF LEASE (“Guaranty”) is made as of January 1, 2006 by EQUINIX, INC., a Delaware corporation, with an address at 301
Velocity Way, 5th Floor, Foster City, California 94404 (“Guarantor”), to iSTAR SAN JOSE, LLC, a
Delaware corporation, with an address at 1114 Avenue of the Americas 27th Floor, New York, New York 10036
(“Landlord”), with reference to the following facts: 
  
 A. Landlord and Guarantor entered into that certain Ground Lease dated as of June 21, 2000 (the “Original Lease”), as amended by that certain First Modification to Ground Lease dated as of September 26, 2001, that
certain Second Modification to Ground Lease dated as of March 20, 2002 (the “Second Amendment”), that certain letter agreement dated September 24, 2002 (the “Letter Agreement”), that certain Third Modification to
Ground Lease dated as of September 30, 2002 (the “Third Amendment”), that certain Fourth Modification to Ground Lease dated as of November 21, 2003 (the “Fourth Amendment”), and that certain Fifth
Modification to Ground Lease dated of even date herewith (the “Fifth Amendment”, collectively with the Original Lease, Second Amendment, Letter Agreement, Third Amendment and Fourth Amendment, the “Lease”), which
Lease covers approximately 39.223 acres of unimproved real property, located in the City of San Jose, County of Santa Clara, State of California, as more particularly described in the Lease. Capitalized terms used but not defined herein shall have
the meanings set forth in the Lease. 
  
 B. Guarantor in its
capacity as tenant under the Lease is assigning all of its rights, duties and obligations under the Lease to Equinix Operating Co., Inc., a Delaware corporation (“Tenant”) and Tenant is accepting such assignment and assuming all of
Guarantor’s rights, duties and obligations under the Lease. In the Fifth Amendment Landlord is agreeing to certain modifications to the Lease. As set forth in the Fifth Amendment, Landlord’s consent to the Fifth Amendment is conditioned
upon receiving this Guaranty duly executed by Guarantor. 
  
 C.
Landlord would not have agreed to Fifth Amendment but for the delivery of this Guaranty, and Landlord is not willing to execute and approve the Fifth Amendment based solely upon the credit of Tenant. Guarantor is willing to execute this Guaranty of
Lease in support of Tenant’s commitments made under the Lease for the express and intended purpose of inducing Landlord to consent to the Fifth Amendment. 
  

NOW, THEREFORE, Guarantor hereby guarantees as follows: 
  
 1. Guaranty. Guarantor does hereby absolutely and unconditionally guarantee to Landlord the prompt payment of
all amounts that Tenant, or any assignee of the Lease, may at any time owe under the Lease, any extensions, renewals or modifications thereof, and further guarantees to Landlord the full, prompt and faithful 
  

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performance by Tenant, or any assignee of the Lease, of each and all of the covenants, terms, and conditions of the Lease, or any extensions, modifications
or renewals thereof, to be hereafter performed and kept by Tenant, or any assignee of the Lease, including, without limitation, the obligations set forth in Section 3 of the Fifth Amendment (all such obligations of Tenant under the Lease are
referred to as “Tenant’s Obligations”). This is a Guaranty of payment and performance and not merely of collection. If Tenant or any assignee of the Lease fails to make any payment when due under the Lease or to perform any duties,
obligations or covenants contained in the Lease to be performed by Tenant, or any assignee of the Lease, Guarantor will immediately and unconditionally pay to Landlord such amounts and perform such duties, obligations and covenants after receipt of
notice and expiration of the applicable periods of grace in the Lease. Guarantor shall pay to Landlord on demand, all expenses (including, without limitation, attorneys’ fees and costs) arising out of or relating to the enforcement or
protection of Landlord’s rights hereunder. 
  
 2.
Independent Obligations. Guarantor’s obligations hereunder are absolute, primary, unconditional and irrevocable obligations which are independent of the obligations of Tenant, or any assignee of the Lease, and a separate action or
actions may be brought and prosecuted against Guarantor whether or not action is brought against Tenant or any such assignee or whether or not Tenant or any such assignee be joined in any such action or actions. 
  
 3. Rights of Landlord. Guarantor authorizes Landlord, without
notice or demand and without affecting its liability hereunder, from time to time to (a) extend, accelerate, or otherwise change the time for any payment provided for in the Lease, or any covenant, term or condition of the Lease, in any respect to
impair or suspend the Landlord’s remedies or rights against Tenant in connection with the Lease, and to consent to any assignment, subletting or reassignment of the Lease; (b) take and hold security for any payment provided for in the Lease or
for the performance of any covenant, term or condition of the Lease, or exchange, waive or release any such security; (c) apply such security and direct the order or manner of sale thereof as Landlord in its discretion may determine. Landlord may
without notice assign this Guaranty, the Lease, or the rents and other sums payable thereunder. Notwithstanding any termination, renewal, extension or holding over of the Lease, this Guaranty shall continue until all of Tenant’s Obligations
have been fully and completely performed by Tenant or any assignee of the Lease. 
  
 Guarantor shall not be released by any act or event which might, but for this provision of this Guaranty, be deemed a legal or equitable discharge of a surety, or by reason of any waiver, extension, modification,
forbearance or delay or other act or omission of Landlord or its failure to proceed promptly or otherwise as against Tenant or Guarantor, or by reason of any action taken or omitted or circumstance which may or might vary the risk or affect the
rights or remedies of Guarantor as against Tenant, or by reason of any further dealings between Tenant 

  

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and Landlord, whether relating to the Lease or otherwise, and Guarantor hereby expressly waives and surrenders any defense to its liability hereunder based
upon any of the foregoing acts, omissions, things, agreements, waivers or any of them; it being the purpose and intent of this Guaranty that the obligations of Guarantor hereunder are absolute and unconditional under any and all circumstances.

  
 Guarantor further agrees that to the extent Tenant or
Guarantor makes any payment to Landlord in connection with Tenant’s Obligations and all or any part of such payment is subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid by Landlord or paid
over to a trustee, receiver or any other entity, whether under any bankruptcy act or otherwise (any such payment is hereinafter referred to as a “Preferential Payment”), then this Guaranty shall continue to be effective or shall be
reinstated, as the case may he, and, to the extent of such payment or repayment by Landlord, Tenant’s Obligations or part thereof intended to be satisfied by such Preferential Payment shall be revived and continued in full force and effect as
if said Preferential Payment had not been made. 
  
 4.
Waiver of Defenses. Guarantor hereby expressly waives and relinquishes all rights, remedies and defenses accorded by applicable law to guarantors and sureties and agrees not to take advantage of any such rights, remedies or defenses.
Without limiting in any way the foregoing, Guarantor hereby expressly waives (a) any right to require Landlord to (i) proceed against Tenant or any other person or entity; (ii) proceed against or exhaust any security held from Tenant or Guarantor;
(iii) pursue any other remedy in Landlord’s power which Guarantor cannot itself pursue, and which would lighten its burden; (b) all statutes of limitations as a defense to any action brought against Guarantor by Landlord to the fullest extent
permitted by law; (c) any defense based upon any legal disability of Tenant, or any assignee of the Lease, or any discharge or limitation of the liability of Tenant, or any assignee of the Lease, to Landlord, whether consensual or arising by
operation of law or any bankruptcy, reorganization, receivership, insolvency, or debtor-relief proceeding, or from any other cause; (d) presentment, demand, protest and notice of any kind; (e) any defense based upon or arising out of any defense
which Tenant, or any assignee of the Lease, may have to the payment or performance of any part of Tenant’s Obligations; and (f) any and all of its rights of subrogation, reimbursement, indemnification, and contribution and any other rights and
defenses that are or may become available to Guarantor by reason of any of the following: Sections 2787 through 2855 of the California Civil Code, inclusive, it being the intent that Landlord have the full benefit of the waivers available under
Section 2856 of the California Civil Code. Guarantor waives all demands upon and notices to Tenant, or any assignee of the Lease, and to Guarantor, including demands for performance, notices of non-performance, notices of nonpayment and notice of
acceptance of this Guaranty. 
  

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 5. Assumption of Obligations and Waivers as to Financial Condition. Guarantor’s
obligations hereunder shall not be affected by any failure on the part of Landlord to inform Guarantor concerning Tenant’s financial condition or notify Guarantor of any adverse change in Tenant’s financial condition of which Landlord
becomes aware. Guarantor assumes the obligation to make such inquiries with respect to such financial condition as Guarantor deems necessary or prudent in the circumstances. 
  
 6. Costs and Expenses. If Guarantor fails to perform any of its obligations under this Guaranty or if any
dispute arises between the parties hereto concerning the meaning or interpretation of any provision of this Guaranty, then the defaulting party or the party not prevailing in such dispute, as the case may be, shall pay any and all costs and expenses
incurred by the other party on account of such default and/or in enforcing or establishing its rights hereunder, including, without limitation, court costs and reasonable attorneys’ fees and disbursements. Any such attorneys’ fees and
other expenses incurred by either party in enforcing a judgment in its favor under this Guaranty shall be recoverable separately from and in addition to any other amount included in such judgment, and such attorneys’ fees obligation is intended
to be severable from the other provisions of this Guaranty and to survive and not be merged into any such judgment. 
  
 7. Notices. Notices or other communications given under this Guaranty shall be effective only if rendered or given in writing, sent by
certified mail with a return receipt requested or by facsimile with a confirmation receipt (and a copy sent by a commercial overnight courier that guarantees next day delivery) or delivered personally or by a nationally recognized overnight courier
service at the address set forth below: 
  

			
	if to o Landlord:	  	iStar San Jose, LLC
	 	  	c/o iStar Financial Inc.
	 	  	1114 Avenue of the Americas, 27th Floor
	 	  	New York, NY 10036
	 	  	Attention: Tim O’Connor and Nina Matis, Esq.
	 	  	 E-Mail: toconnor@istarfinancial.com and
              nmatis@istarfinancial.com

	 	  	Telephone: 212-930-9400
	 	  	Fax No.: 212-930-9494
		
	with a copy to:	  	Katten Muchin Rosenman LLP
	 	  	1025 Thomas Jefferson Street, N.W.
	 	  	East Lobby – Suite 700
	 	  	Washington, D.C. 20007
	 	  	Attention: John D. Muir, Jr., Esq.
	 	  	E-Mail: john.muir@kattenlaw.com
	 	  	Telephone: 202-625-3839
	 	  	Fax No.: 202-339-6054

  

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	if to Guarantor:  	  	Equinix, Inc.
	 	  	301 Velocity Way, 5th Floor
	 	  	Foster City, CA 94404
	 	  	Attn: Paul Silliman and Renee Lanam
	 	  	E-mail: psilliman@equinix.com and rlanam@equinix.com
	 	  	Telephone: 650-513-7085
	 	  	Fax No.: 650-513-7909
		
	with a copy to:	  	Orrick, Herrington & Sutcliffe LLP
	 	  	405 Howard Street
	 	  	San Francisco, CA 94105
	 	  	Attn: William G. Murray, Jr.
	 	  	E-mail: wmurray@orrick.com
	 	  	Telephone: 415-773-5807
		
	 	  	Fax No.: 415-773-5759

  
 Any such notice or other communication
shall be deemed to have been rendered or given two (2) days after the date when it shall have been mailed if sent by certified mail, or upon actual receipt if sent by facsimile, or upon the date personal delivery is made, or upon actual
delivery if sent by overnight courier. 
  
 8. Delay;
Cumulative Remedies. No delay or failure by Landlord to exercise any right or remedy against Tenant or Guarantor will be construed an a waiver of that right or remedy. No waiver or modification of any provision of this Guaranty nor any
termination of this Guaranty shall be effective unless stated in writing and signed by the party charged with such waiver or modification, and then only to the extent so stated, and no such waiver shall apply to any circumstance other than the
specific instance for which it is given. In no event shall a waiver of any provision of this Guaranty be implied from any course of conduct on the part of Guarantor and/or Landlord and/or any third party. All remedies of Landlord against Tenant and
Guarantor are cumulative. 
  
 9. Miscellaneous.

  
 (a) This Guaranty shall bind Guarantor, its successors and
assigns, and shall inure to the benefit of Landlord and its successors and assigns. 
  

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 (b) The invalidity or unenforceability of any one or more provisions of this Guaranty will not affect
any other provision. 
  
 (c) Time is of the essence of each and
every provision hereof. 
  
 (d) This Guaranty and each and every
term and provision thereof shall be construed in accordance with the laws of the State of California. Guarantor consents to the exercise of personal jurisdiction by the courts of the State of California over Guarantor, and agrees that any action to
enforce the provisions of this Guaranty may be brought in the Superior Court in and for the City of San Jose and County of Santa Clara. 
  
 [INTENTIONALLY BLANK – EXECUTION ON FOLLOWING PAGE] 
  

 14 

 IN WITNESS WHEREOF, Guarantor has executed this instrument on the day and year first above
written. 
  

			
	GUARANTOR:
	
	 EQUINIX, INC.
 a Delaware
corporation

		
	By:	 	/s/ PETER VAN CAMP
	Name:	 	Peter Van Camp
	Title:	 	Chief Executive Officer

  

 15Assignment regarding the leased premises located at 44470 Chilum Place

 Exhibit 10.130 
  
 ASSIGNMENT AND ASSUMPTION OF LEASE 
  
 This Assignment and Assumption of Lease (the “Agreement”) is made as of December 22, 2005, by and between
EQUINIX, INC., a Delaware corporation (“Assignor”), and EQUINIX OPERATING CO., INC., a Delaware corporation (“Assignee”). 
  
 RECITALS 
  
 A. Reference is hereby made to that certain Lease dated April 21, 2004, by and between Eden Ventures LLC, a Delaware limited liability company
(“Landlord”), and Assignor (as amended, the “Lease”), for approximately 95,440 square feet of space (the “Premises”) in that certain building known as Building 1, Ashburn Business Park, located at 44470 Chilum Place,
Ashburn, Virginia (the “Building”). 
  
 B. Assignor
desires to assign to Assignee its entire right, title and interest in the Lease and Assignee desires to acquire Assignor’s rights under the Lease and to assume Assignor’s obligations under the Lease. Landlord is willing to consent to the
assignment of the Lease subject to the terms and conditions hereof. 
  
 C. All defined terms not otherwise expressly defined herein shall have the respective meanings given in the Lease. 
  
 AGREEMENT 
  
 1. Assignment and Assumption. Effective as of January 1, 2006 (the “Effective Date”), Assignor hereby assigns to Assignee all of its
right, title and interest in, to and under the Lease and to the Premises (excluding, however, Assignor’s rights in and to any deposits or prepaid rents as have been paid by Assignor pursuant to the Lease). From and after the Effective Date,
Assignee hereby accepts such assignment and assumes all of Assignor’s obligations under the Lease and agrees to be bound by all of the provisions thereof and to perform all of the obligations of the tenant thereunder. Such assignment and
assumption is made upon, and is subject to, all of the terms, conditions and provisions of this Agreement. 
  
 2. Security Deposit. Assignor hereby assigns to Assignee all of its right, title and interest in and to the security deposit in the form of a
letter of credit in the amount of $2,000,000.00 held by Landlord under the Lease, and Landlord shall continue to hold such deposit as though it had been delivered by Assignee to Landlord pursuant to Section 5.1(a) of the Lease. 
  
 3. Assumption of Lease; Release of Assignor. From and after the
Effective Date, Assignee does hereby assume and agree to be bound by and to perform and comply with, for the benefit of Landlord, each and every obligation of the tenant under the Lease. Notwithstanding anything to the contrary herein, this
Agreement shall not release Assignor for any of its obligations under the Lease, and Assignor shall remain liable to Landlord for all obligations of tenant under the Lease, whether accruing before or after the date of this Agreement. 

 4. Condition of the Premises. Assignee hereby agrees to accept the Premises in their
“as-is” condition. Assignee hereby acknowledges that, except as otherwise provided in the Lease, neither Landlord nor Assignor shall be obligated to provide or pay for any improvements, work or services related to the improvement of the
Premises. Assignee also acknowledges that neither Landlord not Assignor has made any representation or warranty regarding the condition of the Premises or the Building. 
  
 5. Further Transfers. Neither the assignment or assumption nor Landlord’s consent thereto shall be construed as
a waiver of Landlord’s right to consent to any further subletting by the Assignee or to any assignment by the Assignee of its rights, title, interest and obligations under the Lease, or as a consent to any portion of the Premises being used or
occupied by any other party. 
  
 6. Proration of Rent and
Additional Rent. As of the Effective Date, all rent and additional rent payable under the Lease shall be adjusted and apportioned by credits to Assignor and Assignee, as appropriate, it being hereby acknowledged and agreed that all items of
income and expense for the period prior to the end of the Effective Date shall be for the account of Assignor and all items of income and expense for the period following the Effective Date shall be for the account of Assignee. To the extent that
the final amounts of any charges and expenses required to be prorated between Assignor and Assignee are unavailable at the Effective Date (including, but not limited to, utility charges for which final meter readings cannot be made), Assignor and
Assignee shall adjust the same based upon a reasonable estimate of that item and a readjustment thereof as of the Effective Date will be made within thirty (30) days thereafter or as soon as the final amounts are ascertainable. 
  
 7. General Provisions. 
  
 7.1 Brokerage Commission. Assignor and Assignee covenant and agree
that under no circumstances shall Landlord be liable for any brokerage commission or other charge or expense in connection with the assignment assumption and Assignor and Assignee agree to protect, defend, indemnify and hold Landlord harmless from
the same and from any cost or expense (including, but not limited to, attorney’s fees) incurred by Landlord in resisting any claim for any such brokerage commission. 
  
 7.2 Controlling Law. The terms and provisions of this Agreement shall be construed in accordance with and governed by
the laws of the State of California. 
  
 7.3 Binding
Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto, their heirs, successors and assigns. As used herein, the singular number includes the plural and the masculine gender includes the feminine and neuter.

  
 7.4 Captions. The paragraph captions utilized herein
are in no way intended to interpret or limit the terms and conditions hereof, rather, they are intended for purposes of convenience only. 
  
 7.5 Partial Invalidity. If any term, provisions or condition contained in this Agreement shall, to any extent, be invalid or unenforceable, the
remainder of this Agreement, or the application of such term, provision or condition to person or circumstances other than those 

  

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with respect to which it is invalid or unenforceable, shall not be affected thereby, and each and every other term, provision and condition of this Agreement
shall be valid and enforceable to the fullest extent possible permitted by law. 
  
 7.6 Attorneys’ Fees. If either Assignor or Assignee commences litigation against the other for the specific performance of this Agreement, for damages for the breach hereof or otherwise for enforcement of
any remedy hereunder, Assignor and Assignee hereto agree to and hereby do waive any right to a trial by jury and, in the event of any such commencement of litigation the prevailing party shall be entitled to recover from the other party such costs
and reasonable attorneys’ fees as may have been incurred. 
  
 7.7 Entire Agreement. This Agreement is the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements between the parties hereto with respect thereto. This Agreement may
not be altered, amended, changed, terminated or modified in any respect or particular, unless the same shall be in writing and signed by the party to be charged and unless such amendment has been approved in writing by Landlord. 
  
 7.8 Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be an original, but all of which when taken together shall constitute but one and the same Agreement. 
  
 [signatures appear on next page] 
  

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 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year
first above written. 
  

			
	ASSIGNOR
	
	EQUINIX, INC.,
	a Delaware corporation
		
	By:	 	/s/ RENEE F. LANAM
	Its:	 	Chief Development Officer
	
	ASSIGNEE
	
	EQUINIX OPERATING CO., INC.,
	a Delaware corporation
		
	By:	 	/s/ RENEE F. LANAM
	Its:	 	Secretary

  
 LANDLORD’S CONSENT 
  
 Landlord hereby
consents to the assignment and assumption of the Lease subject to the terms and conditions set forth in this Agreement. Except as otherwise provided in this Agreement, this Agreement shall not be construed to modify, waive or amend any of the terms,
covenants and conditions of the Lease or to waive any breach thereof or any of Landlord’s rights or remedies thereunder or to enlarge or increase any obligations of Landlord under the Lease. 
  

			
	EDEN VENTURES LLC,
	a Delaware limited liability company
	By:	 	Eden Management LLC
		
	By:	 	/s/ HOSSEIN FATEH
	Its:	 	Managing Member

  

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