Document:

Exhibit 10.32

THIRD AMENDMENT

          THIS THIRD AMENDMENT (the
“Amendment”) is made and entered into as of the 3rd day of February, 2006, by
and between RP/SARACEN PROPERTIES, LLC, a Delaware limited liability company
(“Landlord”), and RNK, INC. d/b/a RNK Telecom, a Massachusetts corporation
(“Tenant”). 

RECITALS

	
  

 	
  

 
	
 A.

 	
 Landlord (as successor in
 interest to Wells Avenue Senior Holdings, LLC) and Tenant are parties to that
 certain lease dated May 8, 2000, which Lease has previously been amended by a
 First Amendment dated November 11, 2004, and a Second
 Amendment dated November 18, 2005 (collectively, the “Lease”). Pursuant to
 the Lease, Landlord has leased to Tenant space currently containing 14,925
 rentable square feet (the “Original Premises”) on the 2nd and 3rd floors
 of the building commonly known as 333 Elm Street located at 333 Elm Street,
 Norfolk Place, Dedham, Massachusetts (the “Building”). 

 
	
  

 	
  

 
	
 B.

 	
 The parties desire to revise the
 Base Rent for the Expansion Space (as defined in the Second Amendment) and to
 add additional Landlord Work. 

 

          NOW, THEREFORE, in consideration of
the mutual covenants and agreements herein contained and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Landlord and Tenant agree as follows: 

	
  

 	
  

 
	
 I.

 	
 Revised Base Rent. The Base Rent schedule
 for the Expansion Space, as set forth in Section II of the Second Amendment
 is hereby deleted and the following Base Rent schedule for the Expansion
 Space is substituted in its place: 

 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Period

 	
  

 	
  

 	
 Annual Rate

 Per Square Foot

 	
  

 	
  

 	
 Annual

 Base Rent

 	
  

 	
  

 	
 Monthly

 Base Rent

 	
  

 
	
 

 	
  

 	
  

 	
 

 	
  

 	
  

 	
 

 	
  

 	
  

 	
 

 	
  

 
	
 January 1, 2006 -
December 31, 2009:

 	
  

 	
  

 	
 $23.97

 	
  

 	
  

 	
 $88,689.00

 	
  

 	
  

 	
 $7,390.75

 	
  

 

	
  

 	
  

 	
  

 
	
  

 	
 All such Base Rent shall be
 payable by Tenant in accordance with the terms of the Lease. 

 
	
  

 	
  

 
	
  

 	
 Improvements to Expansion Space.

 
	
  

 	
  

 	
  

 
	
  

 	
 A.

 	
 Condition
 of Expansion Space. In addition to the
 Landlord Work, as set forth in Exhibit B to the Second Amendment and as shown
 on Exhibit B-1 to the Second Amendment, Landlord shall perform additional
 improvements to the Expansion Space in accordance with the work letter
 attached hereto as Exhibit A, Third Amendment
 (“Additional Landlord Work”). Any reference in the Lease or hereafter in this
 Third Amendment to the Landlord Work shall also refer to the Additional
 Landlord Work. 

 
	
  

 	
  

 	
  

 
	
  

 	
 B.

 	
 Responsibility
 for Improvements to Expansion Space. Except for the Landlord
 Work, any construction, alterations or improvements to the Expansion Space
 shall be performed by Tenant at its sole cost and expense using contractors
 selected by Tenant and approved by Landlord, which approval shall not be
 unreasonably 

 

	
  

 	
  

 	
  

 
	
  

 	
  

 	
 withheld, and
 shall be governed in all respects by the terms of the Lease. Any delay
 in the completion of Landlord’s Work in the Expansion Space shall not subject
 Landlord to any liability for any loss or damage resulting therefrom.

 
	
  

 	
  

 
	
  

 	
 Miscellaneous. 

 
	
  

 	
  

 
	
  

 	
 A.

 	
 This Amendment sets forth the
 entire agreement between the parties with respect to the matters set forth herein.
 There have been no additional oral or written representations or agreements.
 Under no circumstances shall Tenant be entitled to any Rent abatement,
 improvement allowance, leasehold improvements, or other work to the Premises,
 or any similar economic incentives that may have been provided Tenant in
 connection with entering into the Lease, unless specifically set forth in
 this Amendment. 

 
	
  

 	
  

 	
  

 
	
  

 	
 B.

 	
 Except as herein modified or
 amended, the provisions, conditions and terms of the Lease shall remain
 unchanged and in full force and effect. 

 
	
  

 	
  

 	
  

 
	
  

 	
 C.

 	
 In the case of any inconsistency
 between the provisions of the Lease and this Amendment, the provisions of
 this Amendment shall govern and control. 

 
	
  

 	
  

 	
  

 
	
  

 	
 D.

 	
 Submission of this Amendment by
 Landlord is not an offer to enter into this Amendment but rather is a
 solicitation for such an offer by Tenant. Landlord shall not be bound by this
 Amendment until Landlord has executed and delivered the same to Tenant. 

 
	
  

 	
  

 	
  

 
	
  

 	
 E.

 	
 The capitalized terms used in
 this Amendment shall have the same definitions as set forth in the Lease to
 the extent that such capitalized terms are defined therein and not redefined
 in this Amendment. 

 
	
  

 	
  

 	
  

 
	
  

 	
 F.

 	
 Tenant hereby represents to
 Landlord that Tenant has dealt with no broker in connection with this
 Amendment. Tenant agrees to indemnify and hold Landlord, its trustees,
 members, principals, beneficiaries, partners, officers, directors, employees,
 mortgagee(s) and agents, and the respective principals and members of any
 such agents (collectively, the “Landlord Related Parties”) harmless from all
 claims of any brokers claiming to have represented Tenant in connection with
 this Amendment. Landlord hereby represents to Tenant that Landlord has dealt
 with no broker in connection with this Amendment. Landlord agrees to
 indemnify and hold Tenant, its trustees, members, principals, beneficiaries,
 partners, officers, directors, employees, and agents, and the respective
 principals and members of any such agents (collectively, the “Tenant Related
 Parties”) harmless from all claims of any brokers claiming to have
 represented Landlord in connection with this Amendment. 

 
	
  

 	
  

 	
  

 
	
  

 	
 G.

 	
 Each signatory of this Amendment
 represents hereby that he or she has the authority to execute and deliver the
 same on behalf of the party hereto for which such signatory is acting. 

 

          IN WITNESS
WHEREOF, Landlord and Tenant have duly executed this Amendment
as of the day and year first above written. 

	
  

 	
  

 
	
 WITNESS/ATTEST:

 	
 LANDLORD:

 
	
  

 	
  

 
	
  

 	
 RP/SARACEN
 PROPERTIES, LLC, a

 
	
  

 	
 Delaware
 limited liability company

 
	
  

 	
  

 
	
  

 	
 By:  /s/ [Illegible]

 
	
  

 	
  

 
	
  

 	
 Name:

 
	
  

 	
  

 
	
  

 	
 Title:

 
	
  

 	
  

 
	
 By: /s/ Cary Tarpinien

 	
  

 
	
  

 	
  

 
	
 Name (print):  Cary
 Tarpinien

 	
  

 
	
  

 	
  

 
	
 Name (print):  Mike
 Vallace

 	
  

 

	
  

 	
  

 
	
 WITNESS/ATTEST:

 	
 TENANT:

 
	
  

 	
  

 
	
  

 	
 RNK, inc., a
 Massachusetts

 
	
 corporation

 	
  

 
	
  

 	
  

 
	
 By: /s/ Sharon R. Schawbel

 	
 By: /s/ Richard N. Koch

 
	
  

 	
  

 
	
 Name (print): Sharon R. Schawbel

 	
 Name: Richard N. Koch

 
	
  

 	
  

 
	
 By: /s/ Matthew T. Kinney

 	
 Title: President

 
	
  

 	
  

 
	
 Name (print): Matthew T. KinneyExhibit 10.33

FOURTH AMENDMENT TO LEASE

          THIS FOURTH
AMENDMENT TO LEASE (this “Amendment”) is made and entered into as
of this day of December by and between NS NORFOLK ACQUISITION, LLC, a Delaware limited liability company having an address of c/o Normandy Real Estate
Partners, 1776 On The Green, 67 Park
Place East, 8th Floor, Morristown, N.J. 07960 (“Landlord”) and RNK, INC., a
Massachusetts corporation, d/b/a RNK Communications, having an address of 333
Elm Street, Dedham, Massachusetts 02026 (“Tenant”).

WITNESSETH:

                    WHEREAS,
Landlord (as successor in interest to RP/Saracen Properties, LLC) and Tenant are parties to that certain Lease dated
May 8, 2000, which lease has been previously amended by a First Amendment dated as of November 11, 2004, a Second
Amendment dated as of November 18,
2005, and a Third Amendment dated February, 2006 (collectively the “Lease”) for a portion of the building (the
“Building”) located at and numbered 333 Elm Street, Dedham, Massachusetts, consisting of
approximately 14,925 rentable square feet located on the second and third floors of the Building, as more
particularly described in the Lease (the “Premises”).

          WHEREAS,
the current term of the Lease expires on December 31, 2009.

          WHEREAS,
Landlord and Tenant desire to amend the Lease in order to extend the current term, and make other agreements according
to the terms and conditions set forth herein.

          NOW,
THEREFORE, in consideration of the sum of Ten and 00/100 Dollars ($10.00) and of the mutual covenants and amendments herein
contained, and for other good and valuable consideration paid, the receipt and sufficiency of which are hereby
acknowledged, Landlord and Tenant do
hereby acknowledge and agree as follows:

          1.
Capitalized Terms; Authority. Capitalized terms used herein but not
otherwise defined herein shall have the meanings
given to them in the Lease. Each party hereto represents to the other that it is duly authorized to
execute, deliver and perform its obligations under this Amendment, To the extent any of the terms and
provisions of this Amendment are inconsistent with any other terms or provisions of the Lease, then the terms and
provisions of this Amendment shall govern and control.

          2.
Landlord and Landlord’s Address for
Notices. For all purposes of the
Lease, the notice address for
Landlord (including but not limited to the Rent Payment Address) shall be modified
to be as follows:

	
  

 	
  

 
	
  

 	
 c/o Normandy Real Estate Partners

 
	
  

 	
 1776 On The Green

 
	
  

 	
 67 Park
 Place East, 8th Floor

 
	
  

 	
 Morristown,
 N.J. 07960

 
	
  

 	
 Attn: Norfolk Place Leasing Manager”

 

All notices sent to Landlord shall be addressed to Landlord at
Landlord’s Address set forth above,
with a copy of any notices of default also sent to Hinckley, Allen & Snyder
LLP, 28 State Street, Boston, MA
02066, Attn: Daniel L. Monger, Esq. (or to such other address as may from time
to time hereafter be designated by Landlord).

          3.
Extension of Term:, Renewal: Right of First Offer. The Lease Term is
extended for a period of five (5)
years commencing on January 1, 2010 (“Extension Term Commencement Date”) and ending on December 31, 2014 (the
“Extended Term”). In addition, Tenant shall have the right to extend and renew the Term of this Lease in accordance with
the provisions of Exhibit A attached hereto and incorporated herein. Tenant
shall also have the right of first offer on additional space in the Building as set forth in Exhibit
B attached hereto. 

          4. Base
Rent Revisions, Effective as of the execution of this Amendment:

                    a)
the Base Rent payable by Tenant under the Lease for the Premises is modified as follows:

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Time Period

 	
  

 	
 Annual
 Base Rent
 

 	
  

 	
 Annual Base Rent

 	
  

 	
 Monthly Base Rent

 	
  

 
	

 

 	

  

 	

 

 	

  

 	

 

 	
  

 	

 

 	

  

 
	
 

 	
  

 	
 
 Per Rentable Square

 Foot

 	
  

 	
  

 	
  

 	
  

 	
  

 
	

  

 	

  

 	

 

 	

  

 	

  

 	
  

 	
  

 	

  

 
	
 July 1, 2009 — December 31, 2009

 	
  

 	
 $

 	
 0

 	
  

 	
 $

 	
 0

 	
  

 	
 $

 	
 0

 	
  

 
	
 January 1, 2010- December 31, 2010

 	
  

 	
 $

 	
 21.00

 	
  

 	
 $

 	
 313,425.00

 	
  

 	
 $

 	
 26,118.75

 	
  

 
	
 January 1, 2011- December 31, 2011

 	
  

 	
 $

 	
 22.00

 	
  

 	
 $

 	
 328,350.00

 	
  

 	
 $

 	
 27,362.50

 	
  

 
	
 January 1, 2012- December 31, 2012

 	
  

 	
 $

 	
 23.00

 	
  

 	
 $

 	
 343,275.00

 	
  

 	
 $

 	
 28,606.25

 	
  

 
	
 January 1, 2013- December 31, 2013

 	
  

 	
 $

 	
 24.00

 	
  

 	
 $

 	
 358,200.00

 	
  

 	
 $

 	
 29,850.00

 	
  

 
	
 January 1, 2014- December 31, 2014

 	
  

 	
 $

 	
 25.00

 	
  

 	
 $

 	
 373,125.00

 	
  

 	
 $

 	
 31,093.75

 	
  

 

-2-

                    b)
The “Operating Costs Base Year” as set forth in Section 9.2 of the Lease shall mean
the 2009 calendar year.

                    c)
The “Real Estate Tax Base Year” as set forth in Section 10.2 of the Lease shall
mean the 2009 fiscal year
(i.e. July 1, 2008 through June 30, 2009).

          5. Security
Deposit. Landlord currently holds a Ninety Thousand and 00/100 Dollars ($90,000) letter of credit as the Security
Deposit under the Lease (the “Existing Letter of Credit”) and Tenant shall be required to provide such Security Deposit
to Landlord for the duration of the
Term of the Lease, as extended by this Amendment pursuant to the terms of the Lease.

In addition the following provision is hereby added to the Lease with
respect to the Security Deposit:

“If at any time during the Term of this Lease (as the same may be
extended) Landlord determines
that the financial condition of the issuer of the then current letter of credit
deposited by Tenant with Landlord as
the Security Deposit (the “Letter of Credit”), is such that Landlord’s ability to draw upon the Letter of Credit is, or
in the future may be, impaired, restricted, refused or otherwise adversely affected, then Tenant
shall, within thirty (30) days of Landlord’s written request to Tenant, obtain a replacement Letter of
Credit in substitution for the then current Letter of Credit in the form and amount required herein
from an issuer chosen by Tenant, but reasonably
acceptable to Landlord. Upon Tenant’s delivery of the replacement letter of
credit to Landlord, Landlord shall then simultaneously release the prior
letter of credit being held by Landlord to
Tenant.”

Also, any option in the Lease for Tenant to choose to provide the
Security Deposit in the form of cash versus a letter of credit are hereby
deleted, with the Tenant agreeing that that the Security Deposit shall be required to be in the form of a
letter of credit.

          6. Improvements to Premises. Tenant may improve
the Premises, and shall be entitled to the
allowance for improvements, pursuant to the terms and conditions set forth in
the work letter attached hereto as Exhibit C.

          7. Roof Access for Wi-Fi Antenna. Tenant shall have the right to access and use of
the roof of the Building for a single antenna in accordance with the
terms and provisions of Exhibit D attached
hereto.

          8. No Further Extension, Expansion Rights or Rights
of First Refusal. Following
execution of this Amendment, Tenant shall have no further expansion rights,
rights of first offer, rights of
first refusal or other similar rights under the Lease to lease additional space
in the Building, or any further
extension rights except as expressly provided for in this Amendment and any
other such rights are hereby deleted from the Lease.

          9. Brokers. With respect to this Amendment, each of Landlord and Tenant warrants that it has dealt with no other brokers in
connection with the negotiation and execution of this Amendment, other than CB Richard Ellis NE (the
“Broker”). Tenant and Landlord shall each

-3-

indemnify the other against all costs, expenses, attorneys’ fees and
other liability for commissions
and other compensation claimed in connection with this Amendment by any other broker or agent, other than the Broker, claiming
the same by, through or under the indemnifying party. Landlord shall be solely responsible for payment of any fees or
commissions due to Broker, pursuant
to the terms of a separate agreement.

          10. Miscellaneous.
Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged and
in full force and effect. Tenant represents and warrants to Landlord that as of the date hereof, (a) the Lease is
and remains in good standing and in
full force and effect, and (b) to the best of Tenant’s knowledge after
reasonable inquiry, Tenant has no
claims, counterclaims, set-offs or defenses against Landlord arising out of the
Lease or in any way relating thereto
or arising out of any other transaction between Landlord and Tenant, and Landlord is not in default of any of
its obligations under the Lease. In addition, the Tenant represents and warrants to the Landlord
that, all tenant finish-work allowances or other payments to be provided to Tenant under the Lease or otherwise, and all
improvements to be performed by
Landlord, if any, have been paid in full and completed, respectively, by
Landlord, and Landlord has no further
obligations with respect thereto. Tenant’s covenants to pay Base Rent and Additional Rent under the Lease are
independent of every other covenant in this Lease.

          11. Execution.
This Amendment may be executed in two (2) or more counterparts, each of which shall be an original but such
counterparts together shall constitute one and the same instrument notwithstanding that both Landlord
and Tenant are not signatories to the same counterpart. Delivery of an executed counterpart of this Amendment by
facsimile shall be equally as
effective as delivery of any original executed counterpart. Any party
delivering an executed counterpart of this Amendment by facsimile also shall
deliver an original executed counterpart of this Amendment, but the
failure to deliver an original executed counterpart shall not affect the
validity, enforceability and binding effect of this Amendment. Signature and acknowledgement pages may be detached from the
counterparts and attached to a single copy of this Amendment to physically form
one (1) document.

-Balance of Page Intentionally
Blank, Signatures on Following Page-

-4-

Landlord and Tenant have executed this Amendment as of the day and year
first above written.

	
  

 	
  

 
	
 WITNESS/ATTEST:

 	
 LANDLORD:

 
	
  

 	
  

 
	
 By: /s/
 Laura Allen

 	
 NS Norfolk
 Acquisition, LLC,

 
	
  

 	
  

 
	
 Name
 (print): Laura Allen

 	
 a Delaware
 limited liability company

 
	
  

 	
  

 
	
 By: /s/
 Leona Maddocks

 	
 By: /s/
 Raymond P. Trevisan

 
	
  

 	
  

 
	
 Name
 (print): Leona Maddocks

 	
 Name:
 Raymond P. Trevisan

 
	
  

 	
  

 
	
  

 	
 Title:
 Authorized Signatory

 
	
  

 	
  

 
	
 WITNESS/ATTEST:

 	
 TENANT:

 
	
  

 	
  

 
	
 By: /s/ Lynn
 Castano

 	
 RNK, INC.,

 
	
  

 	
  

 
	
 Name
 (print): Lynn Castano

 	
 a
 Massachusetts corporation

 
	
  

 	
  

 
	
 By: /s/
 Areeg Eluri

 	
 By: /s/
 Richard N. Koch

 
	
  

 	
  

 
	
 Name
 (print): Areeg Eluri

 	
 Name:
 Richard N. Koch

 
	
  

 	
  

 
	
  

 	
 Title:
 President

 

	
  

 	
  

 
	
 EXHIBIT LIST

 
	
 EXHIBIT A

 	
 Extension Option

 
	
  

 	
  

 
	
 EXHIBIT B

 	
 Right of First Offer

 
	
  

 	
  

 
	
 EXHIBIT C

 	
 Work Letter

 
	
  

 	
  

 
	
 EXHIBIT D

 	
 Roof Space
 for Antenna

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