Document:

Third Amendment to Lease Agreement

 Exhibit 10.26 
 THIRD AMENDMENT TO LEASE AGREEMENT 
 THIS THIRD AMENDMENT TO LEASE AGREEMENT (this
“Amendment”) is executed to be effective as of January 8, 2008, by and between A&B Properties, Inc., a ________ corporation, a successor in landlord’s interest to CLPF - Heritage Four, L.P., a Delaware limited
partnership (“Landlord”), and Rackspace DAL1DC Management LLC, a Texas limited liability company (“Tenant”). 
 RECITALS 
 WHEREAS, Qwest Communications Corporation, a Delaware corporation (“Qwest”) and Landlord’s
predecessor-in-interest entered into that certain Lease Agreement dated January 26, 2000 (as amended by the First Amendment to Lease Agreement dated as of January 23, 2001, and Second Amendment to Lease Agreement dated effective
December 1, 2006, the “Lease”), demising approximately 144,423 rentable square feet (the “Premises”) in that certain building commonly known as Heritage Business Park Building IV, (the
“Building”) of Heritage Business Park (the “Project”) located in the City of Grapevine, Tarrant County, Texas; 
 WHEREAS, Landlord and Tenant have agreed to certain amendments to the Lease with respect to allowed numbers of generators and corresponding yard areas upon the terms and conditions hereinafter set forth; 
 NOW, THEREFORE, in consideration of the foregoing premises, in the respective undertakings of the parties hereinafter set forth, and other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Landlord and Tenant hereby amend the Lease, and agree as follows: 
 1. Exhibit A-2 attached to the Lease is hereby deleted in its entirety and replaced with the Exhibit A-2 attached to this Amendment. The Yard Area referenced and defined in Paragraph 43 of the Lease is hereby deemed
to mean the areas referenced on Exhibit A-2 attached to this Amendment as the “Existing Chiller Generator Yard”, the “Future Generator Yard,” and the “New Generator Yard”. 
 2. The first sentence of Paragraph 45 (b) of the Lease is hereby deleted and replaced with the following: 
 “Subject to the provisions of Sections 11 and 12, Tenant may install, operate, and maintain up to twenty (20) 2,000 Kw diesel fuel generators
reasonably necessary for Tenant’s business operations in the Premises for emergency back-up purposes (collectively, the “Generator”, which defined term shall also refer to twenty (20) associated above-ground 3,500-gallon diesel
fuel tanks and all related equipment) at a location on the Building grounds acceptable to Landlord, provided that the installation, maintenance, use, and operation thereof complies with all Legal Requirements, and Tenant receives all approvals,
consents, and permits required under the Legal Requirements before the installation, maintenance, use, and operation thereof.” 
  

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 Third Amendment To Lease Agreement 

 3. The address for payment of rent and other payments required to be made by Tenant under the Lease shall
be P.O. Box 6076, Hicksville, New York 11802-6076. All notices required or permitted to be given to Landlord under this Lease shall be addressed as follows: 
  

			
	If to Landlord:	  	With A Copy To:
		
	A&B Properties, Inc.	  	CB Richard Ellis/Asset Services
	____________________________________________	  	2100 Ross Avenue, Suite 400
	____________________________________________	  	Dallas, Texas 75201
	Attention:
                                        
                              	  	Attention: Shana Wisdom

 4. Tenant hereby represents and warrants to Landlord that Tenant is not: (1) in violation of
any Anti-Terrorism Law; (2) conducting any business or engaging in any transaction or dealing with any Prohibited Person, including the making or receiving or any contribution of funds, goods or services to or for the benefit of any Prohibited
Person; (3) dealing in, or otherwise engaging in any transaction relating to, any property or interest in property blocked pursuant to Executive Order No. 13221; (4) engaging in or conspiring to engage in any transaction that evades
or avoids, or had the purpose of evading or avoiding, or attempts to violate any of the prohibitions set forth in any Anti-Terrorism Law; or (5) a Prohibited Person, nor are any of its partners, members, managers, officers or directors a
Prohibited Person. As used herein, “Antiterrorism Law” is defined as any law relating to terrorism, anti-terrorism, money laundering or anti-money laundering activities, including Executive Order No. 13224 and Title 3 of the USA
Patriot Act. As used herein “Executive Order No. 13224” is defined as Executive Order No. 13224 on Terrorist Financing effective September 24, 2001, and relating to “Blocking Property and Prohibiting Transactions With
Persons Who Commit, or Support Terrorism” “Prohibited Person” is defined as (1) a person or entity that is listed in the Annex to Executive Order 13224; (ii) a person or entity with whom Tenant or Landlord is prohibited from
dealing or otherwise engaging in any transaction by any Anti Terrorism Law, or (iii) a person or entity that is named as a “specially designated national and blocked person” on the most current list published by the U.S. Treasury
Department Office Of Foreign Assets Control as its official website, http://www.treas.gov/ofac/t11sdn.pdf or at any replacement website or other official publication of such list. “USA Patriot Act” is defined as the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001” (Public Law 107-56). 
 5. Neither Tenant nor Landlord is in default under the Lease, and neither Tenant nor Landlord has any knowledge of any event that with notice or the passage of time would constitute a default under the Lease. 
 6. In the event any of the terms of the Lease conflict with the terms of this Amendment, the terms of this Amendment shall control. Except as amended
hereby, all terms and conditions of the Lease shall remain in full force and effect, and Landlord and Tenant hereby ratify and confirm the Lease as amended by this Amendment. From and after the effective date of this Amendment the term
“Lease” shall be deemed to mean the Lease as amended by this 

  

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 Third Amendment To Lease Agreement 

 
Amendment. Capitalized terms as used herein shall have the same meaning as set forth in the Lease, unless another meaning is specifically set forth herein.
The Lease constitutes the entire agreement between the parties hereto and no further modification of the Lease shall be binding unless evidenced by an agreement in-writing signed by Landlord and Tenant. This Amendment may be signed in counterparts
and, as so executed, shall collectively constitute a binding agreement. 
 7. Each person executing this Amendment represents that he or she
has the requisite authority to execute this Amendment in the representative capacity set forth below and (A) that the execution, delivery and performance of this Amendment has been duly authorized by all requisite action, (B) is intended
to be a legal, valid and binding obligation of such party, enforceable in accordance with its terms, and (C) is within the powers of such party and is not in contravention of the powers of such party’s charter, bylaws or other corporate
papers if such party is a corporation, or of such party’s partnership or joint venture Amendment if such party is a partnership or joint venture, or of such party’s limited partnership Amendment if such party is a limited partnership.

 8. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which when taken
together shall constitute but one and the same instrument. 
 IN WITNESS WHEREOF, Landlord and Tenant have executed this Third Amendment To
Lease Agreement effective as of the date set forth above. 
 (Signatures on Following Pages) 
  

 Page 3 
 Third Amendment To Lease AgreementConsent to Assignment and Other Agreements

 Exhibit 10.27 
 CONSENT TO ASSIGNMENT AND OTHER AGREEMENTS 
 THIS CONSENT TO ASSIGNMENT AND OTHER AGREEMENTS (this
“Agreement”) is by and among CLPF—Heritage Four, L.P., a Delaware limited partnership (“Landlord”), Qwest Communications Corporation, a Delaware corporation (“Tenant”), Macro Holding, Inc., a
Delaware corporation (“Guarantor”) and Rackspace DAL1DC Management LLC, a Texas limited liability company (“Assignee”). 
 R E C I T A L S 
 WHEREAS, Tenant and Landlord’s predecessor-in-interest entered into that
certain Lease Agreement dated January 26, 2000 (the “Lease”), demising approximately 144,423 rentable square feet (the “Premises”) in that certain building commonly known as Heritage Business Park Building IV,
(the “Building”) of Heritage Business Park (the “Project”) located in the City of Grapevine, Tarrant County, Texas, which lease was modified by that certain First Amendment To Lease Agreement dated as of
January 23, 2001; 
 WHEREAS, Tenant and Assignee entered into that certain Sublease Agreement dated as of July 22, 2004 (the
“Sublease”), with respect to a subletting by Subtenant of a portion of the Premises consisting of approximately 54,000 rentable square feet, as more particularly described in the Sublease (the “Sublet Premises”);

 WHEREAS, Tenant and Assignee desire to terminate the Sublease in accordance with the terms and conditions of that certain Sublease
Termination Agreement (the “Termination Agreement”), a copy of which is attached hereto as Exhibit A; 
 WHEREAS, pursuant to the terms of Paragraph 17 of the Lease, Tenant has requested Landlord’s consent to the termination of the Sublease and an assignment of the Lease to Assignee in accordance with the terms and conditions of
that certain Assignment Of Lease of even date herewith (the “Assignment”), a copy of which is attached hereto as Exhibit B; 
 WHEREAS, Landlord has agreed to consent to the termination of the Sublease and Assignment of the Lease to Assignee upon the terms and conditions hereinafter set forth; 
 NOW, THEREFORE, in consideration of the foregoing premises, in the respective undertakings of the parties hereinafter set forth, and other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
 1.
Landlord’s Consent. Landlord hereby consents to the Termination Agreement and the Assignment; provided however, notwithstanding anything contained in the Assignment or the Termination Agreement to the contrary, such consent is
granted by Landlord only upon the terms and conditions set forth in this Agreement. Landlord neither approves nor disapproves the terms, conditions and agreements contained in the Assignment or Termination Agreement and assumes no liability or
obligation of any kind whatsoever on account of anything contained therein. 
 2. Consideration for Assignment. Upon execution
by the appropriate parties of this Agreement, the Assignment and the Termination Agreement, Tenant shall pay Four Million Two Hundred Seventeen Thousand Nine Hundred Eighty Eight and 26/100 Dollars ($4,217,988.26) (the “Release
Fee”) to Landlord, which amount shall be delivered by wire transfer, cashier’s or certified check. The wiring instructions are as follows: 
 Name of Bank: JPMorgan Chase 
 ABA Routing Number: 021 000 021 
 For the Account of: CLPF Heritage Holdings GP LLC-Receipt Acct 
 Account Number: 530-486962 
  

 Consent To Assignment And Other Agreements - Page 1 

 3. Tenant Release. Conditioned upon payment of the Release Fee and execution of the
Assignment, as of the Effective Date, Landlord hereby releases Tenant from any and all obligations and liabilities that Landlord has or may have against Tenant under the Lease except for those obligations that expressly survive termination;
provided, however, Tenant shall remain liable for its obligations under paragraph 30(d) of the Lease and for payment of the amounts referenced in the following paragraphs 4 and 5. Landlord represents and warrants to Tenant that no mortgagee or other
third party must consent to this Consent for it to be effective to release Tenant from its obligations. 
 4. Brokerage
Commission. Tenant covenants and agrees that under no circumstances shall Landlord be liable for any brokerage commission or other charge or expense in connection with this Assignment and Tenant agrees to protect, defend, indemnify and hold
Landlord harmless from the same and from any cost or expense (including but not limited to attorneys’ fees) incurred by Landlord in resisting any claim for any such brokerage commission Tenant shall be responsible for, and shall pay all
brokerage commissions owed to Grubb and Ellis. 
 5. Reimbursement of Landlord’s Attorneys’ Fees. In accordance with
Paragraph 17 of the Lease, Tenant hereby acknowledges and agrees that within ten (10) days of Landlord’s demand therefor, Tenant shall reimburse Landlord for its reasonable attorneys’ fees incurred in connection with the drafting,
review, processing and documentation of its consent to the Assignment and the documents, instruments and papers contemplated hereby, not to exceed $10,000.00. 
 6. Amendment of Lease. Landlord and Tenant shall execute an amendment of the Lease in the form and substance of Exhibit C attached hereto (the “Amendment”). 
 7. Guaranty. Guarantor shall execute a guarantee of the Lease in the form and substance of Exhibit D attached hereto

 8. Notices. All notices required or permitted to be given under the Lease shall be in writing and shall be sent by
registered or certified mail, return receipt requested, or by a reputable national overnight courier service, postage prepaid, or by hand delivery at the following addresses: 
  

			
	If to Landlord:	  	With A Copy To:
		
	CLPF—Heritage Four, L.P	  	Trammell Crow Company
	c/o Lion Industrial Trust	  	2100 Ross Avenue
	3141 Hood Street	  	Suite 400
	Suite 700	  	Dallas, Texas 75201
	Dallas, Texas 75219	  	Attention: Dayton Conklin
	Attention: Jeanna K. Camp	  	

  

 Consent To Assignment And Other Agreements - Page 2 

			
	If to Tenant:	  	With a copy to:
		
	Qwest Communications Corporation	  	Qwest Communications Corporation
	1801 California Street	  	c/o Equis Corporation
	Suite 4600	  	8350 East Crescent Parkway
	Denver, Colorado 80202	  	Suite 300
	Attention : Vice President—Real Estate	  	Greenwood Village, Colorado 80111
		  	Attention: Qwest Lease Administration
		
	If to Assignee:	  	
		
	Rackspace DALIDC Management LLC	  	
	9725 Datapoint Drive, Suite 100	  	
	San Antonio, Texas 78229	  	
	Attention: Alan Schoenbaum	  	
		
	If to Guarantor:	  	
		
	Macro Holding, Inc	  	
	9725 Datapoint Drive, Suite 100	  	
	San Antonio, Texas 78229	  	
	Attention: Alan Schoenbaum	  	

 Any party to this Agreement may, by notice given aforesaid, change its address for all subsequent notices, Except
where otherwise expressly provided to the contrary, notice shall be deemed given upon delivery. 
 9. No Changes. Nothing
contained in the Assignment or this Agreement shall be taken or construed to in any way modify, alter, waive or affect any of the terms, covenants or conditions contained in the Lease. 
 10. Termination of Previous Consent. The parties hereto agree and acknowledge that as of the Effective Date, that certain Consent to
Sublease Agreement and Other Agreements is terminated and of no further force and effect. 
 11. Effective Date. This Agreement
has been executed by each of the parties to this Agreement on the dates set forth their respective signatures below, but is intended to be effective as of December 1, 2006 (the “Effective Date”). 
 12 General Provisions. 
 (a)
Recapture. This consent shall in no manner be construed as limiting Landlord’s ability to exercise its rights to recapture any portion of the Premises, as set forth in Paragraph 17 of the Lease, in the event of a proposed future
sublease of the Premises or further assignment of the Lease. 
 (b) Controlling Law. The terms and provisions of this Agreement shall
be construed in accordance with and governed by the laws of the state of Texas. 
 (c) 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. 
  

 Consent To Assignment And Other Agreements - Page 3 

 (d) 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. 
 (e) Partial Invalidity. If any term,
provision 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 persons or circumstances other than those 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. 
 (f) Attorneys’ Fees. If either party 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, the parties 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. 
 (g) Counterparts. This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which when taken together shall constitute but one and the same instrument. 
 (h) Capitalized Terms. All capitalized terms not otherwise expressly defined herein shall have the respective meanings given in the Lease.

 (i) Authority. Each person executing this Agreement represents that he or she has the requisite authority to execute this Agreement
in the representative capacity set forth below and (A) that the execution, delivery and performance of this Agreement has been duly authorized by all requisite action, (B) is intended to be a legal, valid and binding obligation of such
party, enforceable in accordance with its terms, and (C) is within the powers of such party and is not in contravention of the powers of such party’s charter, bylaws or other corporate papers if such party is a corporation, or of such
party’s partnership or joint venture agreement if such party is a partnership or joint venture, or of such party’s limited partnership agreement if such party is a limited partnership. 
 IN WITNESS WHEREOF, the parties have executed this Agreement on the dates set forth below. 
 [SIGNATURES ON FOLLOWING PAGES] 
  

 Consent To Assignment And Other Agreements - Page 4 

			
	LANDLORD:
	
	CLPF - Heritage Four, L.P., a Delaware limited partnership
		
	By:	 	CLPF - Heritage Holdings GP, LLC, a Delaware limited liability company, its general partner
		
	By:	 	 /s/ Jeanna Camp

		 	Jeanna Camp
	Title:	 	Asset Director/Vice President
		
	Date:	 	November 29, 2006

  

 Consent To Assignment And Other Agreements - Page 5 
 Landlord Signature Page 

			
	TENANT:
	
	Qwest Communications Corporation, a Delaware corporation
		
	By:	 	 /s/ LaRae Dodson

	Name:	 	LaRae Dodson
	Title:	 	Director - Real Estate
		
	Date:	 	Nov. 30, 2006

  

 Consent To Assignment And Other Agreements - Page 6 
 Tenant Signature Page 

			
	ASSIGNEE:
	
	Rackspace DALIDC Management LLC, a Texas limited liability company
		
	By:	 	 /s/ A. Lanham Napier

	Name:	 	A. Lanham Napier
	Title:	 	President & CEO
		
	Date:	 	11-30-06

  

 Consent To Assignment And Other Agreements - Page 7 
 Assignee Signature Page 

			
	GUARANTOR:
	
	Macro Holding, Inc., a Delaware Corporation
		
	By:	 	 /s/ A. Lanham Napier

	Name:	 	A. Lanham Napier
	Title:	 	President & CEO
		
	Date:	 	11-30-06

  

 Consent To Assignment And Other Agreements - Page 8 
 Guarantor Signature Page 

 EXHIBIT A 
 SUBLEASE TERMINATION AGREEMENT 
  

 Consent To Assignment And Other Agreements 
 Exhibit A - Sublease Termination Agreement 

 SUBLEASE TERMINATION AGREEMENT 
 THIS SUBLEASE TERMINATION AGREEMENT (this “Agreement”) has been entered into by and between Qwest Communications Corporation, a Delaware
corporation (“Sublandlord”) and Rackspace DAL1DC Management LLC, a Texas limited liability company (“Subtenant”) 
 R E C I T A L S: 
 WHEREAS, CRI Industrial Development, L.P., a Texas
limited partnership (“Prior Landlord”) and Sublandlord entered into that certain Lease Agreement dated January 26, 2000 (as amended by the First Amendment to Lease Agreement dated as of January 23, 2001, the
“Lease”), demising approximately 144,423 rentable square feet (the “Premises”) in that certain building commonly known as Heritage Business Park Building IV, (the “Building”) of Heritage Business
Park (the “Project”) located in the City of Grapevine, Tarrant County, Texas; 
 WHEREAS, CLPF—Heritage Four, L.P. , a
Delaware limited partnership (“Landlord”) has acquired title to among other things, to the Project, the Building and all of Prior Landlord’s interest under the Lease; 
 WHEREAS, Sublandlord and Subtenant entered into that certain Sublease Agreement dated as of July 22, 2004 (the “Sublease”), with
respect to a subletting by Subtenant of a portion of the Premises consisting of approximately 54,000 rentable square feet, as more particularly described in the Sublease (the “Sublet Premises”); 
 WHEREAS, Sublandlord required that Rackspace, Ltd, a Texas limited partnership (“Parent”), the parent of Subtenant guarantee the
obligations of the Sublease pursuant to that certain Guaranty of Sublease dated as of July 22, 2004 (the “Sublease Guarantee”) and executed by Parent; 
 WHEREAS, Sublandlord intends to assign the Lease to Subtenant pursuant to an Assignment of Lease between Sublandlord and Subtenant (the
“Assignment”) and to enter into a consent to Assignment and Other Agreements with Landlord and Subtenant (the “Landlord”); and 
 WHEREAS, Sublandlord and Subtenant desire to terminate the Sublease and Sublease Guarantee in accordance with the terms and conditions hereinafter set forth; 
 NOW, THEREFORE, in consideration of the foregoing premises, in the respective undertakings of the parties hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows: 
 1. Termination. Conditioned upon execution on or before the Effective Date
by all appropriate parties of the Assignment and the Consent, Sublandlord and Subtenant acknowledge that the Sublease and the Sublease Guaranty will terminate at 12:01 a.m. on the Effective Date (hereinafter defined). Notwithstanding the foregoing,
(a) Sublandlord will remain liable for all obligations and amounts due and owing to Landlord under the Lease accruing prior to the Effective Date, even if such amounts are not determinate until after the Effective Date and (b) Subtenant
will remain liable for all obligations and amounts due and owing to Sublandlord under the Sublease, accruing prior to the Effective Date, even if such amounts are not determinable until after the Effective Date. 
  

					
	Sublease Termination Agreement -	  	Page 1 of 4	  	

 2. Authority. Sublandlord and Subtenant each represent to the other that the person executing this
Agreement in a representative capacity has authority to execute same on its behalf. 
 3. Release. Subtenant hereby releases
Sublandlord from any and all obligations and liabilities occurring under the Sublease; provided however, Sublandlord shall remain liable for any obligations which expressly survive termination of the Sublease pursuant to its terms. Sublandlord
hereby releases Subtenant from any and all obligations and liabilities accruing under the Sublease; provided, however, Subtenant shall remain liable for its obligations under paragraph 9.1 of the Sublease and any obligations which expressly survive
termination of the Sublease pursuant to its terms except those related to removal of personal property or improvements. Sublandlord hereby releases Parent from any and all obligations and liabilities accruing under the Sublease Guarantee.

 4. Security Deposit. Sublandlord and Subtenant acknowledge that a security deposit of Fifty Thousand One Hundred Seventy Five
Thousand and No/100 Dollars ($50,175.00) is currently being held by Sublandlord to secure Subtenant’s obligations under the Sublease. Sublandlord shall refund the remaining security deposit to Subtenant on the Effective Date. 
 5. Miscellaneous. This Agreement may be executed in multiple counterparts each of which will be deemed an original, but together will constitute
one instrument. Unless otherwise provided herein, capitalized words and phrases shall have the same meanings as those set forth in the Sublease. 
 6. Counterparts. This Agreement may be executed in any number of counterparts and each such counterpart shall be deemed to be an original instrument but all such counterparts together shall constitute one Agreement. 
 7. Effective Date. This Agreement has been executed by Sublandlord and Subtenant on the dates set forth their respective signatures below, but is
intended to be effective as of December 1, 2006 (the “Effective Date”). 
 IN WITNESS WHEREOF, this Agreement has been
executed as of the dates set forth below. 
 [SIGNATURES ON FOLLOWING PAGES] 
  

					
	Sublease Termination Agreement -	  	Page 2 of 4	  	

			
	SUBLANDLORD:
	
	Qwest Communications Corporation, a Delaware corporation

			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	Date:	 	  

  

					
	 Sublease Termination Agreement -
 Sublandlord Signature
Page
	  	Page 3 of 4	  	

			
	SUBTENANT:
	
	Rackspace DALIDC Management LLC, a Texas limited liability company

			
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	Date:	 	  

  

					
	 Sublease Termination Agreement -
 Subtenant Signature
Page
	  	Page 4 of 4	  	

 EXHIBIT B 
 ASSIGNMENT OF LEASE 
  

 Consent To Assignment And Other Agreements 
 Exhibit B - Assignment Of Lease

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