Document:

First Amendment to Lease Agreement

  
 EXHIBIT 10.57 
 *CONFIDENTIAL TREATMENT REQUESTED 
 CONFIDENTIAL PORTION HAS BEEN FILED SEPARATELY WITH THE 
 SECURITIES EXCHANGE COMMISSION. 
  
  
  

 
 FIRST AMENDMENT TO LEASE AGREEMENT 
  
 THIS FIRST AMENDMENT TO LEASE AGREEMENT (“First Amendment”) is made and dated as of October 1, 2002, between [*], LLC, a Delaware limited liability company (“Landlord”), and
EQUINIX OPERATING CO., INC., a Delaware corporation (“Tenant”). 
  
 A.        Landlord and Tenant entered into that certain Lease Agreement dated as of January 28, 2000 (the “Lease”), with respect to certain premises located at 2450 Bayshore Parkway,
Mountain View, California. Unless otherwise defined in this First Amendment, initially-capitalized terms used herein shall have the meanings set forth in the Lease. 
  
 B.        Landlord and Tenant desire to amend the Lease upon the terms and conditions set forth herein. 
  
 NOW THEREFORE, in consideration of the foregoing Recitals, the mutual covenants and agreements contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree, and amend the Lease as follows: 
  
 1.        Termination Option.    Subject to the terms hereof, effective as of the ninety-first (91st ) day after delivery of the
Termination Option Fee, as defined below (with such 91st day being the “Option Date”), Tenant shall have a one time option to terminate this Lease (the “Termination Option”), which Termination Option is subject to the condition
precedent that no voluntary or involuntary petition in bankruptcy naming Tenant as debtor has been filed, and no general assignment for the benefit of creditors has been made by Tenant prior to the termination of the Lease. If any petition in
bankruptcy in respect of Tenant shall be filed, or any assignment for the benefit of creditors has been made by Tenant prior to the termination of the Lease, then Tenant shall not be granted the Termination Option. Tenant’s right to be eligible
for the Termination Option shall extend for a period commencing on the date hereof and ending on October 31, 2002 (the “Termination Option Period”). In order to be eligible to exercise the Termination Option, Tenant shall pay the
Termination Option Fee prior to the end of the Termination Option Period. If Tenant becomes eligible for the Termination Option by paying the Termination Option Fee as set forth in this Section 1, then Tenant be entitled to exercise the Termination
Option on the Option Date by giving notice to Landlord. If Tenant exercises the Termination Option, the termination of the Lease shall be effective as April 1, 2003 (with such day being the “Termination Date”), subject to extension as set
forth below. Tenant shall continue to meet all of its obligations under the Lease, including the payment of Rent, through the Termination Date. If Tenant does not pay the Termination Option Fee during the Termination Option Period, then Tenant shall
have no option to terminate the 
 
 *CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTION HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

 Lease, and the Lease shall remain in full force and effect. Tenant’s right to exercise the Termination Option shall be subject to the
condition that Tenant shall not be in Default under the Lease beyond any applicable cure period provided in the Lease, and if Tenant is in Default beyond any applicable cure period, then any effort to exercise the Termination Option, whether
occurring before or after any Default by Tenant, shall be null and void. The “Termination Option Fee” shall mean an amount equal to [*] and is given to Landlord by Tenant in consideration of Landlord’s agreement to grant the
Termination Option. The Termination Option Fee shall be deemed to be earned by Landlord upon payment of the Termination Option Fee by Tenant. The Termination Date shall automatically be extended by one day for every two days after October 1, 2002
that the payment of the Termination Option Fee is delayed, and if the Termination Option Fee is not paid by the end of the business day on October 31, 2002, the Termination Option shall not be granted. 
  
 2.        Termination of the Lease.    In the event that Tenant elects
to exercise the Termination Option in accordance with all of the provisions of Section 1 above, then provided that Tenant delivers the Premises to Landlord on or prior to the Termination Date in compliance with the terms of the Lease, Landlord
hereby agrees, in further consideration of the mutual covenants of the parties hereunder, to pay to Tenant within 30 days after the delivery of the Premises to Landlord, the Departure Fee. The “Departure Fee” shall mean an amount equal to
[*]. 
  
 3.        Governing Law.    This
First Amendment shall be governed by, and construed and enforced in accordance with, the laws of the State of California. 
  
 4.        Counterparts.    This First Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed to be an
original and all of which counterparts taken together shall constitute but one and the same instrument. Signature pages may be detached from the counterparts and attached to a single copy of this First Amendment to physically form one document.

  
 5.        Reaffirmation of
Obligations.    Tenant hereby acknowledges and reaffirms all of its obligations under the Lease, as such Lease has been amended by this First Amendment, and agrees that any reference made in any other document to the Lease
shall mean the Lease as amended pursuant to this First Amendment. Except as expressly provided herein, the Lease remains unmodified and in full force and effect. Any breach by Tenant of this First Amendment shall constitute a breach and default by
Tenant under the Lease. 
  
 6.        Time of
Essence.    Time is of the essence with respect to each provision of this First Amendment. 
  
 7.        Confidentiality. 
  
 A.        Confidentiality.    Tenant hereby agrees that, except as otherwise provided herein, (i) Tenant shall hold the Confidential Information (as defined in
subsection (c) below) 
 
 *CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTION HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

 
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 in strict confidence, and (ii) Tenant shall not disclose the Confidential Information to any third
party, except as expressly authorized in writing by Landlord, or as permitted herein. Tenant shall use the same degree of care to prevent misuse of the Confidential Information as Tenant uses with respect to its own proprietary information, but in
no event with less than reasonable care. Tenant shall immediately notify Landlord in the event of any loss or unauthorized disclosure of any Confidential Information. 
  
 B.        Disclosures.    Tenant may disclose the Confidential Information to its agents, employees,
senior lenders, financial investors and attorneys with a need to know such information, provided that any person to whom any of the Confidential Information is delivered is informed by Tenant of the strictly confidential nature of the Confidential
Information and such person agrees in writing to be bound by confidentiality restrictions at least as restrictive as those contained herein. If Tenant is required by any law or any order of any court, governmental, regulatory, or self-regulatory
body (a “Legal Requirement”) to make any disclosure about any of the Confidential Information, Tenant shall immediately notify Landlord, in writing, of such Legal Requirement and the action recommended by Tenant, and Tenant shall use
diligent efforts to obtain, or to assist Landlord in obtaining, a protective order preventing or limiting the disclosure and/or requiring such Confidential Information so disclosed to be used only for the purposes for which the law or regulation
required, or for which the order was issued. Tenant shall be liable for any actions by any person or entity to whom it discloses any of the Confidential Information whose actions are not in accordance with the provisions of this Section.

  
 C.        Definition.    “Confidential
Information” shall mean all of the material terms, covenants, conditions or agreements set forth in this First Amendment. 
  
 D.        Survival.    The provisions of this Section shall survive any expiration or termination of this Letter of Intent and shall be binding upon Tenant’s
heirs, successors and assigns. 
  
 E.        Remedies.    Tenant hereby agrees that any breach of this Section 7 shall cause Landlord irreparable damage for which recovery of damages would be
inadequate, and that Landlord shall therefore be entitled to obtain timely injunctive relief, as well as such further relief or award as may be granted by a court of competent jurisdiction, including monetary damages. Tenant hereby waives any right
to oppose any action by Landlord for injunctive relief to prevent a violation of this Section 7. In the event Tenant or any of its representatives or agents fails in any respect to comply with its obligations under this Section 7 of this First
Amendment, Tenant shall be liable for and shall indemnify, hold harmless and (at Landlord’s option) defend Landlord, its affiliates, and their respective subsidiaries, representatives and attorneys, from and against any and all losses, damages,
claims, costs, expenses and liabilities of whatever nature (including actual attorneys’ fees and expenses) directly or indirectly resulting from or arising out of Tenant’s or any of its representatives’ or agents’ breach of this
Section 7 of this First Amendment. Tenant agrees that should it become necessary to enforce this Section 7 of this First Amendment in any forum, the prevailing party shall be entitled to the actual fees and expenses of its attorneys, together with
all costs of said enforcement action. 

 
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 IN WITNESS WHEREOF, Landlord and Tenant have caused this First Amendment to be
duly executed and delivered as of the date first above written. 
  
  
 
	 “Tenant”
 
	 
	 EQUINIX OPERATING CO., INC.,
 a Delaware corporation
 
	 
	 By:
 	 	     /s/    RENEE F. LANAM        
 

	 
	 Its:
 	 	 Chief Financial Officer and General Counsel
 

 
  
  
  
  
 
	 “Landlord”
 
	 
	 [*]
 a Delaware limited liability company
 
	 
	 By:
 	 	     [*]
 

 
  
  
  
 
	 
	 a Delaware limited partnership, managing member
 
	 
	 By:
 	 	     [*]
 

 
  
  
  
 
	 
	 a Maryland corporation, general partner
 
	 
	 By:
 	 	     /s/    PETER J. NELSON
 

	 
	 Name:
 	 	     Peter J. Nelson
 

	 
	 Its:
 	 	 Senior Vice President and Chief Financial Officer
 

 
  
  
 *  CONFIDENTIAL TREATMENT REQUESTED.
CONFIDENTIAL PORTION HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

 
 5Form of Severance Agreement

  
 EXHIBIT 10.58 
  
  
  
 SEVERANCE AGREEMENT 
  
 THIS AGREEMENT is entered into as of August 14, 2002 by and between
                     (the “Executive”) and EQUINIX, INC., a Delaware corporation (the “Company”).

  
 1.        Term of Agreement. 
  
 This Agreement shall remain in effect from the date hereof until the earlier of: 
  

	 	(a)
	 
	The date the Executive’s employment with the Company terminates for a reason other than Involuntary Termination as described in Section 2; or 

  

	 	(b)
	 
	The date the Company has met all of its obligations under this Agreement following a termination of the Executive’s employment with the Company for a
reason described in Section 2. 
 

  
 2.        Severance
Payment. 
  

	 	(a)
	 
	Severance Benefit.    If the Executive is subject to an Involuntary Termination, then the Company shall pay the Executive 100% of his
or her annual base salary and target bonus (at the annual rate in effect at the time of the Involuntary Termination). Such severance benefit shall be paid in accordance with the Company’s standard payroll procedures. The Executive will receive
his or her severance payment in a lump-sum payment which will be made within ten (10) business days of the latest of the following dates: 
 

  

	 	(i)
	 
	the date of Executive’s Involuntary Termination; 
 

  

	 	(ii)
	 
	the date of the Company’s receipt of the Executive’s executed General Release; and 
 

  

	 	(iii)
	 
	the expiration of any rescission period applicable to the Executive’s executed General Release. 
 

  

	 	(b)
	 
	Health Care Benefit.    If the Executive is subject to an Involuntary Termination, and if the Executive elects to continue his or her
health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) following the termination of his or her employment, then the Company shall pay the Executive’s monthly premium under COBRA until the earliest
of (i) the close of the twelve-month period following cessation of his or her employment or (ii) the expiration of the Executive’s continuation coverage under COBRA. 
 

  

	 	(c)
	 
	General Release.    Any other provision of this Agreement notwithstanding, Subsections (a) and (b) above shall not apply unless the
Executive (i) has executed a general release (in a form prescribed by the Company) of all known and unknown claims that he or she may then have against the Company or persons affiliated with the Company and (ii) has agreed not to prosecute any legal
action or other proceeding based upon any of such claims. 
 

  
 3.        Covenants. 
  

	 	(a)
	 
	Non-Solicitation.    During the Executive’s employment with the Company and during the twelve-month period following his or her
cessation of employment, the Executive shall not directly or indirectly, personally or through others, solicit or attempt to solicit the employment of any employee of the Company or any of the Company’s affiliates, whether on the
Executive’s own behalf or on behalf of any other person or entity. The Executive and the Company agree that this provision is reasonably enforced as to any geographic area in which the Company conducts its business. 

  

	 	(b)
	 
	Non-Competition.    The Executive agrees that, during his or her employment with the Company, he or she shall not directly or
indirectly, individually or in conjunction with others, engage in activities that compete with the Company or work for any entity that competes with the Company. 
 

  

	 	(c)
	 
	Cooperation and Non-Disparagement.    The Executive agrees that, during the twelve-month period following his or her cessation of
employment, he or she shall cooperate with the Company in every reasonable respect and shall use his or her best efforts to assist the Company with the transition of Executive’s duties to his or her successor. The Executive further agrees that,
during this twelve-month period, he or she shall not in any way or by any means disparage the Company, the members of the Company’s Board of Directors or the Company’s officers and employees. 
 

  
 4.        Definitions. 
  

	 	(a)
	 
	Definition of “Cause.”    For all purposes under this Agreement, “Cause” shall mean the Executive’s
unauthorized use or disclosure of trade secrets which causes material harm to the Company, the Executive’s conviction of, or a plea of “guilty” or “no contest” to, a felony, or the Executive’s gross misconduct. The
foregoing shall not be deemed an exclusive list of all acts or omissions that the Company may consider as grounds for the termination of the Executive’s employment without Cause. 
 

  

	 	(b)
	 
	Definition of “Good Reason.”    For all purposes under this Agreement, “Good Reason” shall mean (i) a change in
the Executive’s position with the Company that materially reduces his or her authority or level of responsibility, (ii) a reduction in his or her level of compensation (including base salary and target bonus) other than pursuant to a
Company-wide reduction of compensation, or (iii) a relocation of his or her place of employment by more than 30 miles, provided and only if such change, reduction or relocation is effected by the Company without his or her consent.

 

 
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	 	(c)
	 
	Definition of “Involuntary Termination.”    For all purposes under this Agreement, “Involuntary Termination”
shall mean that one of the following events occurs: 
 

  

	 	(i)
	 
	The Executive voluntarily resigns his or her employment for Good Reason; or 
 

  

	 	(ii)
	 
	The Company terminates the Executive’s employment for any reason other than Cause. 
 

  

5.        Successors. 
  

	 	(a)
	 
	Company’s Successors.    The Company shall require any successor (whether direct or indirect and whether by purchase, lease,
merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets, by an agreement in substance and form satisfactory to the Executive, to assume this Agreement and to agree expressly to
perform this Agreement in the same manner and to the same extent as the Company would be required to perform it in the absence of a succession. For all purposes under this Agreement, the term “Company” shall include any successor to the
Company’s business and/or assets or which becomes bound by this Agreement by operation of law. 
 

  

	 	(b)
	 
	Executive’s Successors.    This Agreement and all rights of the Executive hereunder shall inure to the benefit of, and be
enforceable by, the Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 
 

  
 6.        Miscellaneous Provisions. 
  

	 	(a)
	 
	Other Severance Arrangements.    This Agreement supersedes any and all cash severance arrangements under any prior separation,
severance and salary continuation arrangements, programs and plans which were previously offered by the Company to the Executive, including arrangements pursuant to an employment agreement or offer letter. In no event shall any individual receive
cash severance benefits under both this Agreement and any other severance pay or salary continuation program, plan or other arrangement with the Company. 
 

  

	 	(b)
	 
	Notice.    Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have been
duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid or deposited with Federal Express Corporation, with shipping charges prepaid. In the case of the Executive, mailed
notices shall be addressed to him or her at the home address which he or she most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its corporate headquarters, and all notices shall be
directed to the attention of its Secretary. 
 

  

	 	(c)
	 
	Waiver.    No provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is
agreed to in writing and signed by the Executive and by an authorized officer of the Company (other than the Executive). No waiver by
 
 

 
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either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the
same condition or provision at another time. 
 

  

	 	(d)
	 
	Withholding Taxes.    All payments made under this Agreement shall be subject to reduction to reflect taxes or other charges required
to be withheld by law. 
 

  

	 	(e)
	 
	Severability.    The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or
enforceability of any other provision hereof, which shall remain in full force and effect. 
 

  

	 	(f)
	 
	No Retention Rights.    Nothing in this Agreement shall confer upon the Executive any right to continue in service for any period of
specific duration or interfere with or otherwise restrict in any way the rights of the Company or any subsidiary of the Company or of the Executive, which rights are hereby expressly reserved by each, to terminate his or her service at any time and
for any reason, with or without Cause. 
 

  

	 	(g)
	 
	Choice of Law.    The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the
State of California (other than their choice-of-law provisions). 
 

  
 IN WITNESS WHEREOF, each of
the parties has executed this Agreement, in the case of the Company by its duly authorized officer, as of the day and year first above written. 
  
  
 
	  
 

	 Executive
 
	 
	 EQUINIX, INC.
 
	 
	 By:
 	 	  
 

	 
	 Title:
 	 	  
 

 

 
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