Document:

<PAGE>

                                                                   Exhibit 10.46

[LOGO]

                                            GATX Technology Services Corporation

                                                          MASTER LEASE AGREEMENT
                                                                        NO. 2064
                                                                        --------

================================================================================

This Master Lease Agreement ("Lease Agreement") is made as of the ____________
day of _____________ ,20__, between GATX TECHNOLOGY SERVICES CORPORATION of
2502 N. Rocky Point Drive, Suite 960, Tampa, FL 33607 (the "Lessor") and
INTERLIANT, INC. having its principal offices at Two Manhattanville Road,
Purchase, NY 10577 (the "Lessee").

                              TERMS AND CONDITIONS
1. DEFINITIONS.
     "Lease Order" shall refer to that document wherein Lessor agrees to lease
to Lessee and Lessee agrees to lease from Lessor certain Equipment. Each Lease
Order shall be signed and submitted by Lessee to Lessor and, when so submitted,
shall constitute a firm irrevocable offer by Lessee to lease the Equipment
identified on the Lease Order subject to the terms of the Lease Order and this
Lease Agreement which, if accepted by Lessor by signing and returning to Lessee
one copy of the same within thirty (30) days of the date of the Lease Order
shall be deemed a duly executed and in force Lease Order.
     "Initial Term" shall mean the period beginning on the Commencement Date and
continuing for the number of months set forth in each Lease Order.
     "Equipment" shall mean the equipment identified in a duly executed and
in force Lease Order and all related replacements, parts, additions, software,
accessories, alterations and repairs incorporated therein or affixed thereto,
together with any items included on the related Lease Order including, but not
limited to, training, maintenance, license agreements, etc.
     "Software shall mean a computer program in any data, program description,
media or supporting documentation provided by a licensor as part of the
transaction.
     "Delivery and Acceptance Date" shall mean the date that the Equipment
listed on the related Lease Order is accepted at Lessee's premises, such date
being specified in the related Delivery and Acceptance Receipt. Unless expressly
agreed otherwise by the parties or Lessee notifies Lessor in writing that the
Equipment has been rejected, the Equipment must be accepted within seven (7)
days after the delivery date, and if not accepted by such time the Delivery and
Acceptance Date shall be deemed to be seven (7) days after the delivery date.
     "Commencement Date" means, as to the Equipment designated on any Lease
Order, where the Delivery and Acceptance Date for such Equipment falls on the
first day of he month, that date, or, in any other case, the first day of the
month or calendar quarter if so provided in the Lease Order, following the
Delivery and Acceptance Date unless otherwise agreed by the parties.
     "Progress Payment Rider" shall refer to that document wherein the seller of
the Equipment requires payment prior to the commencement of a Lease Order and
Lessee agrees to make payments prior to the commencement of a Lease Order.

2. NET LEASE.
     THIS LEASE AGREEMENT TOGETHER WITH EACH LEASE ORDER CONSTITUTES A NET LEASE
AND LESSEE'S AGREEMENT TO PAY AND ANY OTHER OBLIGATIONS HEREUNDER AND UNDER ANY
APPLICABLE LEASE ORDERS SHALL BE ABSOLUTE AND UNCONDITIONAL AND SHALL NOT BE
SUBJECT TO ANY ABATEMENT REDUCTION, SET-OFF, DEFENSE, COUNTERCLAIM,
INTERRUPTION, DEFERMENT OR RECOUPMENT FOR ANY REASON WHATSOEVER. Lessor and
Lessee will enter into one or more Lease Orders pursuant to this Lease
Agreement. Subject to the terms and conditions of this Lease Agreement and a
duly executed and in force Lease Order, Lessor agrees to lease to Lessee and
Lessee agrees to lease from Lessor the Equipment described in each Lease Order.
This Lease Agreement is a master lease and each lease Order is subject to the
terms of this Lease Agreement. Each Lease Order shall be treated as a separate
lease with respect to the Equipment covered by such Lease Order. In the event of
any conflict between the language of this Lease Agreement and any Lease Order
entered into pursuant hereto, the language of the Lease Order shall prevail with
respect to that Lease Order and the Equipment covered thereby. NO EQUIPMENT
SHALL BE DEEMED LEASED HEREUNDER UNLESS IT IS THE SUBJECT OF A DULY EXECUTED AND
IN FORCE LEASE ORDER.

3. TERM.
     The term of this Lease Agreement shall commence on the date set forth above
and shall continue in effect for the Initial Term of any Lease Order and any
extended term as provided herein.  The term of each lease as to any items of
Equipment designated on any Lease Order shall commence on the he Delivery and
Acceptance Date for such Equipment, and shall continue for the initial term
provided herein.

4. RENTAL. Rental shall begin to accrue on the Delivery and Acceptance Date and
Lessee shall pay to Lessor, as rental for the Equipment during the Initial Term,
the rent set forth in the respective Lease Order, which shall be due and payable
in advance on the first day of each calendar month or quarter as specified in
the Lease Order during such Initial Term plus any extended term (each date being
hereinafter called a "Rent Payment Date"), unless modified by a Progress Payment
Rider. If the Delivery and Acceptance Date of any Equipment shall be other than
the first day of the month, Lessee shall make an initial payment based on the
Delivery and Acceptance Date in an amount equal to the fraction of the rent as
specified in the related Lease Order for each day from the Delivery and
Acceptance Date to (but not including) the Commencement Date. Rent shall be paid
to Lessor at the address set forth above or at such other place as Lessor shall
designate in writing, or if to an Assignee of Lessor, at such place as such
Assignee shall designate in writing, and shall be paid free and clear of all
claims demands or setoffs against Lessor or such Assignee. Whenever any payment
by Lessee (of rent or otherwise) is past due hereunder for more than seven (7)
days, Lessee shall pay to Lessor, as additional rent, interest on such amount
until and including the date of payment, at the lesser of 1,5% per month or the
maximum allowable rate of interest permitted by law.

5. TAXES. Lessee covenants to promptly report, file, pay and indemnify and hold
Lessor harmless with respect to any and all Taxes, as hereinafter defined. The
term "Taxes" as used herein shall mean all taxes (including sales, use, excise,
personal property, ad valorem, stamp, documentary and other taxes), and all
other governmental fees charges and assessments (general or special) due,
assessed or levied by any foreign, federal, state, county or local government or
taxing authority, and any penalties, fines or interest thereon, which are
imposed against, upon or relating to the Equipment or the use, registration,
rental, shipment, transportation, delivery, ownership or operation thereof, and
on or relating to the lease thereof including the rentals or receipts due under
this Lease Agreement, but shall not include any taxes solely based upon or
measured by the income of Lessor. Lessee will, upon request by Lessor submit to
Lessor written evidence of Lessee's payment of all Taxes due hereunder. Any tax
returns filed by Lessee shall show Lessor as the owner of the Equipment.

6. INSTALLATION, USE, MAINTENANCE AND INSPECTION OF EQUIPMENT.
     (a)  Lessee shall pay all installation, transportation, rigging, unpacking
and repacking, drayage, handling and insurance charges on the Equipment upon
delivery to Lessee and upon redelivery to Lessor upon the expiration or earlier
termination of the Initial Term or any extension thereof, to such destination as
is specified by Lessor within the continental United States of America ("Return
Location"). Lessee shall furnish appropriate installation
facilities for the Equipment. Lessee represents and warrants that: (i) it has
selected all Equipment based on its own judgment and expressly disclaims any
reliance upon statements made by Lessor; and (ii) as of the Delivery and
Acceptance Date, as between Lessee and Lessor. Lessee shall have unconditionally
accepted such Equipment. Lessee shall execute and deliver to Lessor a Delivery
and Acceptance Receipt which shall be conclusive evidence that, without
limitation, Lessee finds the Equipment complete in good working order and
condition and satisfactory for its requirements.
     (b)  Lessee shall comply with all laws, regulations and orders of any
governmental branch or agency which relates to the installation, use,
possession or operation of the Equipment shall use the Equipment in the
regular course of its business only, within its normal capacity, without abuse.

                                    1 of 7
<PAGE>

     (c)  Lessee, at its own expense, shall maintain the Equipment in good
operating condition, repair and appearance, and protect the same from
deterioration other than normal wear and tear, and shall enter into, and keep
in force a maintenance agreement with the manufacturer of the Equipment. Lessee
shall cause the manufacturer to keep the Equipment in good and efficient
working order, less normal wear and tear in full compliance and in accordance
with the provisions of such maintenance agreement and shall furnish evidence of
such agreement to Lessor upon request. During Lessee's normal business hours,
Lessee shall provide the manufacturer's field engineering representatives with
access to the equipment to install engineering changes necessary to keep the
Equipment at currently announced engineering change levels. Upon deinstallation
of any Equipment, Lessee shall provide Lessor evidence from the manufacturer
stating the Equipment is at currently announced engineering change levels and is
qualified for the manufacturer's maintenance agreement. The Equipment shall be
returned in the same operating order, repair, condition and appearance as on the
Delivery and Acceptance Date, reasonable wear and tear excepted.
     (d)  During Lessee's normal business hours, upon prior written notice to
Lessee and subject to Lessee's reasonable security procedures, Lessee shall
permit Lessor or its designee to inspect the Equipment, Lessee's equipment log
and maintenance records.
     (e)  Prior to delivery of any Equipment, the obligations of Lessor may be
suspended to the extent that Lessor is hindered or prevented from complying
therewith because of labor disturbances, acts of God, fire, storms, accidents,
failure of the manufacturer to deliver any Equipment, governmental regulations
or any cause whatsoever not within the control of Lessor.

7. RELOCATION. Lessee shall not move or permit to be moved any Equipment from
the location set forth in the applicable Lease Order without the prior written
consent of Lessor, which shall not be unreasonably withheld; provided, however,
in no event shall any Equipment be moved to a location outside the United States
of America. Risk of loss and all costs and expenses incurred in connection with
any movement of Equipment shall be the responsibility of Lessee.

8. ALTERATIONS AND MODIFICATIONS. Lessee shall not make modifications,
alterations or additions to Equipment (other than normal operating accessories
or controls) without the prior written consent of Lessor, which consent shall
not be unreasonably withheld. Notwithstanding the foregoing, Lessee shall be
entitled to acquire and install, at Lessee's expense, such additional features
or options ("Modifications") which (i) will not impair the originally intended
function or use of the Equipment in which the Modifications are installed, (ii)
will not require removal of any part of the Equipment, (iii) will not interfere
with Lessee's ability to obtain and maintain the maintenance contract required
by Paragraph 6(c), and (iv) the addition of which will not have an adverse
impact upon the value of the underlying Equipment or Lessor's rights therein.
Such Modifications shall be of the type which are readily installed and removed
without damage to the Equipment so as to restore the Equipment to the condition
in which it existed prior to the installation of such Modifications provided,
however, that if Lessor so agrees in writing, Lessee shall not be required to
remove such Modifications. Any Modifications not so removed shall become the
property of Lessor. All Modifications must quality for the manufacturer's
maintenance agreement and be maintained in accordance with Paragraph 6(c)
hereof. Lessee hereby grants to Lessor the right and opportunity to first submit
or match the last proposal for the lease, financing or supply of any
Modification.

9. SOFTWARE. Lessee and Lessor acknowledge that the Equipment may contain or
include a description of certain Software in which Lessor and Lessee may have no
ownership or other proprietary rights. Where required by the Software owner,
manufacturer or distributor, Lessee shall enter into a license or other
agreement for the use of such Software. Any Software agreement shall be separate
and distinct from this Master Lease and any Lease Order, and Lessor and Assignee
shall not have any obligations thereunder, but shall have the right to require
Lessee to terminate Lessee's use of the Software if an Event of Default shall
occur and shall be continuing hereunder. In the event rent specified in a Lease
Order includes an amount attributable to the financing by Lessor of Lessee's fee
for use of Software, Lessee agrees that such amount shall be deemed rent and
subject to all the provisions of this Lease Agreement. Upon termination of this
Lease Agreement for reasons other than default, Lessee hereby assigns to Lessor,
to the extent assignable, any and all rights and obligations relating to
software and applicable software licenses.

10. OWNERSHIP, SECURITY INTEREST. It is expressly understood that the Equipment
is, and shall at all times remain, personal property of Lessor. Lessee shall
have no right, title or interest in the Equipment except as expressly provided
herein. If requested by Lessor, Lessee will obtain, prior to delivery of any
Equipment, a certificate satisfactory to Lessor from all parties with a real
property interest in the premises where the Equipment shall be located, waiving
any claim with respect to the Equipment. If Lessor supplies Lessee with labels,
plates or other markings stating that the Equipment is owned by Lessor, Lessee
shall attach same in a prominent place on the Equipment. Lessee agrees to
execute Uniform Commercial Code financing statements and any and all additional
instruments requested by Lessor to perfect the interest of Lessor, its
successors or assigns in this Master Lease, any Lease Order, the payments due
hereunder or the Equipment. Lessee authorizes Lessor to file a copy of the
Master Lease or any Lease Order or invoice as a financing statement. Lessee
agrees to reimburse Lessor for all recording and filing fees.

11. ASSIGNMENT OR SUBLETTING BY LESSEE. LESSEE SHALL NOT ASSIGN, TRANSFER,
PLEDGE OR OTHERWISE DISPOSE OF THIS LEASE AGREEMENT, ANY LEASE ORDER OR ANY OF
ITS RIGHTS THEREUNDER NOR SUBLEASE OR LEND ANY OF THE EQUIPMENT TO ANY OTHER
PERSON WITHOUT THE PRIOR WRITTEN CONSENT OF LESSOR. ANY PURPORTED ASSIGNMENT,
TRANSFER, PLEDGE, OR OTHER DISPOSITION OF THIS LEASE AGREEMENT, ANY LEASE ORDER
OR ANY OF LESSEE'S RIGHTS THEREUNDER, OR ANY PURPORTED SUBLEASE OR LENDING OF
THE EQUIPMENT, WITHOUT LESSOR'S PRIOR WRITTEN CONSENT, AT LESSOR'S OPTION,
SHALL BE VOID AND OF NO EFFECT. FOR THE PURPOSES OF THIS PARAGRAPH 11, ANY
PURPORTED SALE OR OTHER TRANSFER OF A CONTROLLING OWNERSHIP INTEREST OF LESSEE
(WHETHER IN ONE TRANSACTION OR SERIES OF RELATED TRANSACTIONS) SHALL BE
DEEMED AN ASSIGNMENT OF THE LESSEE'S RIGHTS HEREUNDER REQUIRING THE PRIOR
WRITTEN CONSENT OF THE LESSOR. As to any permitted assignment or sublease, the
following conditions shall apply:
     (a)  Lessee shall remain fully liable for all payments due under each Lease
Order and remain the primary obligor for all remaining obligations under this
Lease Agreement and any Lease Orders hereunder.
     (b)  Lessee shall give Lessor at least thirty (30) days written notice of
the location of the Equipment and the identity of the assignee or sublessee
prior to the installation at assignee's or sublessee's premises. Lessee shall be
responsible for obtaining any and all financing statements and other
documentation reasonably requested by Lessor.
     (c)  Any sublessee's interest in any permitted sublease hereunder shall be
subordinate to the interests of Lessor or any Assignee of Lessor.

12. DISCLAIMER OF WARRANTIES.
     (a)  LESSEE ACKNOWLEDGES THAT LESSOR IS NOT THE MANUFACTURER OF THE
EQUIPMENT, NOR THE AGENT OF THE MANUFACTURER AND THAT LESSOR HAS MADE NO
REPRESENTATIONS, WARRANTIES OR COVENANTS OF ANY KIND, EXPRESS OR IMPLIED, AS TO
ANY MATTER WHATEVER, INCLUDING BUT NOT LIMITED TO: THE DESIGN, CONDITION OR
PERFORMANCE OF THE EQUIPMENT, ITS MERCHANTABILITY OR FITNESS FOR A PARTICULAR
PURPOSE OR THE QUALITY OF THE MATERIAL OR WORKMANSHIP OF THE EQUIPMENT. FURTHER,
LESSOR MAKES NO WARRANTIES WITH RESPECT TO THE CONFORMITY OF THE EQUIPMENT TO
THE PROVISIONS AND SPECIFICATIONS OF ANY LAW, RULE, REGULATION, CONTRACT OR
PURCHASE ORDER, OR WITH RESPECT TO PATENT, TRADEMARK OR COPYRIGHT INFRINGEMENT
MATTERS OR "YEAR 2000" COMPLIANCE. LESSOR EXPRESSLY DISCLAIMS ANY AND ALL
EXPRESS OR IMPLIED WARRANTIES. AS TO LESSOR, LESSEE LEASES THE EQUIPMENT "AS IS,
WHERE IS".
     (b)  LESSEE AGREES THAT LESSOR SHALL NOT BE LIABLE TO THE LESSEE FOR ANY
CLAIM, LOSS OR DAMAGE, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHERWISE,
INCLUDING WITHOUT LIMITATION, LOSS OF PROFIT, LOSS OF BUSINESS, OR OTHER
FINANCIAL LOSS, WHICH MAY BE CAUSED, DIRECTLY OR INDIRECTLY, BY THE EQUIPMENT,
THE INADEQUACY OF THE EQUIPMENT FOR ANY PURPOSE OR ANY USE THEREOF, BY ANY
DEFICIENCY OR DEFECT THEREIN, OR BY ANY INCIDENT WHATSOEVER IN CONNECTION
THEREWITH, ARISING IN STRICT LIABILITY, NEGLIGENCE, CONTRACT, TORT OR OTHERWISE,
OR IN ANY WAY RELATING TO OR ARISING OUT OF THE EQUIPMENT, THIS LEASE AGREEMENT
OR ANY LEASE ORDER. THE LESSEE AGREES THAT IT WILL, IRRESPECTIVE OF ANY SUCH
CLAIM, LOSS, DAMAGE OR EXPENSE, CONTINUE TO PAY SUCH MONTHLY RENTAL CHARGES AND
OTHER SUMS AS MAY COME DUE UNDER ANY LEASE ORDER HEREUNDER.

13. ASSIGNMENT OF MANUFACTURER'S WARRANTIES. Lessor hereby assigns to Lessee, to
the extent assignable, all manufacturers warranties, service agreements and
patent indemnities with respect to the Equipment, if any, for the purpose of
making appropriate claims against the manufacturer, provided that the Lessor
shall retain at all times the right to be protected by these warranties,
agreements and indemnities as the owner of the Equipment. The Lessee's sole
remedy for the breach of any such warranty, indemnification or service
agreement shall be against the manufacturer, and not against Lessor or any
Assignee of Lessor, nor shall any such breach have any effect whatsoever on the
rights and obligations of either party with respect to this Lease Agreement.
Lessor will, upon request by Lessee and at Lessee's sole expense, cooperate with
Lessee in the enforcement of any benefit provided in any such warranties,
service agreements and patent indemnities.

                                                                          2 of 4
<PAGE>

14   INDEMNIFICATION. Lessee agrees that it will defend, indemnify and hold
Lessor harmless against any and all claims, demands, liabilities, obligations,
losses, damages, injuries, penalties, actions, costs and expenses, including
reasonable attorney's fees, of whatever kind and nature arising out of or in
connection with the possession, use, condition (including, but not limited to,
latent and other defects, whether or not discoverable by Lessor or Lessee),
operation, ownership by Lessor, selection, delivery, leasing or return of any
item of Equipment leased hereunder, regardless of where, how and by whom
operated, or any failure on the part of Lessee to accept the Equipment or
otherwise to perform or comply with the provisions of this Lease Agreement or
any Lease Order, except for Lessor's gross negligence or willful misconduct. The
indemnities and assumptions of liabilities and obligations herein provided for
shall continue in full force and effect notwithstanding the expiration or
termination of the Initial Term, any renewal or extension thereof, or of any
Lease Order or this Lease Agreement.

15.  ASSIGNMENT BY LESSOR. LESSOR MAY ASSIGN OR TRANSFER THIS MASTER LEASE OR
ANY LEASE ORDER HEREUNDER OR LESSOR'S INTEREST IN THE EQUIPMENT OR GRANT A
SECURITY INTEREST THEREIN TO ONE OR MORE ASSIGNEES WITHOUT NOTICE TO LESSEE. Any
Assignee of Lessor shall have all of the rights but none of the obligations of
Lessor hereunder unless expressly agreed in writing, and Lessee agrees that it
will not assert against any Assignee any defense or counterclaim that Lessee may
have against Lessor. Lessee shall have no greater obligations to any Assignee
than it had to Lessor at the time of assignment, and such assignment shall not
limit or otherwise restrict the rights afforded Lessee hereunder. Lessee hereby
(i) consents to such assignments and/or grants, (ii) agrees to promptly execute
and deliver UCC financing statements, an Acknowledgment and Consent of
Assignment and such further acknowledgments, agreements, certificates and other
instruments as may be reasonably requested by Lessor or Assignee to effect such
assignments and/or grants. Lessee acknowledges that any assignment or transfer
by Lessor made in accordance with the provisions of this paragraph shall not
materially change Lessee's duties or obligations under this Lease nor materially
increase the burdens or risks imposed on Lessee. In the event of an assignment,
all references herein to Lessor shall be deemed to include Assignee.
Notwithstanding any such assignment: (i) Lessor shall not be relieved of any of
its obligations hereunder; and (ii) the rights of Lessee to quiet enjoyment and
possession of the Equipment shall not be impaired so long as Lessee is not in
default under this Lease.

16.  QUIET POSSESSION AND ENJOYMENT. Lessor covenants that so long as Lessee is
not in default hereunder, neither Lessor nor any Assignee will disturb Lessee's
quiet possession and enjoyment of the Equipment, subject to and in accordance
with the provisions of this Lease Agreement and the applicable Lease Order.

17.  DAMAGE, DESTRUCTION OR LOSS.
     (a)  Upon delivery of the Equipment to Lessee until the Equipment is
redelivered to Lessor, Lessee shall bear the entire risk of loss, damage, or
destruction with respect to the Equipment resulting from any cause whatsoever.
     (b)  If any Equipment becomes damaged beyond repair, lost, stolen,
destroyed or permanently rendered unfit, or in the event of any condemnation or
taking by any governmental authority (any such occurrence being hereinafter
referred to as an "Event of Loss"), then Lessee shall promptly notify Lessor and
shall do either of the following within thirty (30) days after the occurrence of
an Event of Loss:
          (i)  At its expense, promptly replace the affected Equipment with like
or better replacement equipment of identical make, model, configuration,
capacity and condition, in good repair, free and clear of all liens, in which
case any such replacement equipment shall become the property of Lessor and for
all purposes of this Master Lease shall be deemed to be the Equipment which it
replaced; or
          (ii) Terminate the Lease Order with respect to the affected Equipment
and pay to Lessor on the next payment date, an amount equal to the present value
of the remaining rental payments discounted by five percent (5%), plus the fair
market value in continued use of the Equipment.

18.  INSURANCE. Lessee shall, at its expense, insure the Equipment against all
risks and in such amounts as Lessor shall reasonably require (but not less than
the full replacement value) with carriers reasonably acceptable to Lessor, shall
maintain a loss payable endorsement in favor of Lessor and its assigns affording
to Lessor and its assigns such additional protection as Lessor and its assigns
shall reasonably require, and Lessee shall maintain liability insurance
reasonably satisfactory to Lessor and its assigns. All such insurance policies
shall name Lessee, Lessor and its assigns as additional insureds and shall name
Lessor and its assigns as loss payee(s), and shall provide that insurance
coverage shall not be canceled or altered without at least thirty (30) days
prior written notice to Lessor and Assignee, and that no breach of warranty by
Lessor shall invalidate such insurance with respect to any additional insured.
Lessee shall promptly furnish appropriate evidence of such insurance to Lessor
and any Assignee.

19.  REPRESENTATIONS AND WARRANTIES OF LESSEE. Lessee represents and warrants to
Lessor and any Assignees on the date hereof and on the date of each Lease Order
that: (i) the execution and performance of this Lease Agreement and all Lease
Orders are duly authorized and this Lease Agreement and the Lease Orders
constitute legal, valid and binding obligations of Lessee enforceable in
accordance with their terms; (ii) the performance under the Lease Agreement and
all Lease Orders by Lessee will not result in any breach, default or violation
of Lessee's articles of incorporation or by-laws, if applicable, or partnership
agreement, if applicable, or any agreement to which Lessee is a party; (iii)
Lessee is in good standing duly organized, and validly existing in its
jurisdiction of incorporation or organization and in any jurisdiction(s) in
which any of the Equipment is to be located; (iv) there are no actions, suits or
proceedings pending or threatened, before any court, agency, or arbitrator which
will, if determined adversely to Lessee, materially adversely affect its ability
to perform its obligations under this Lease Agreement or any Lease Order; and
(v) any and all information with respect to Lessee heretofore furnished to
Lessor was, when furnished, true and complete.

20.  FINANCIAL STATEMENTS, ETC. During the term of this Lease Agreement, Lessee
shall furnish to Lessor and any Assignee Lessee's audited balance sheet, income
statement and statement of cash flows for its most recent fiscal year, within
ninety days and quarterly statements within forty-five days, all prepared in
accordance with generally accepted accounting principles consistently applied,
and, from time to time, such other information concerning the Equipment as
Lessor or any Assignee may reasonably request.

21.  DEFAULT. The occurrence of any of the following events shall constitute an
"Event of Default" hereunder and under each Lease Order entered into pursuant
hereto:
     (a)  Lessee shall fail to pay any installment of rent or other charge due
under this Lease Agreement or any Lease Order thereunder within ten (10) days
after the same is due and payable;
     (b)  Lessee attempts to move, sell, assign, transfer, encumber, dispose of,
sublet or lend any of the Equipment without the prior written consent of Lessor;
     (c)  Except for defaults covered by Paragraph (a) above, Lessee shall fail
to perform or observe any covenant, condition or agreement to be performed or
observed by it hereunder or under any Lease Order and such failure continues
unremedied for fifteen (15) days after notice thereof to Lessee by Lessor;
     (d)  Any representation or warranty made by Lessee in this Lease Agreement,
any Lease Order, or in any document or certificate made or furnished to Lessor
in connection herewith or pursuant hereto shall prove to be false at any time in
any material respect;
     (e)  Lessee ceases during business as a going concern; makes an assignment
for the benefit of creditors; admits in writing its inability to pay its debts
as they become due; files a voluntary petition in bankruptcy; is adjudicated to
be bankrupt or insolvent; files a petition seeking for itself any
reorganization, arrangement, composition, readjustment, liquidation, dissolution
or similar arrangement under any present or future statute, law or regulation or
files an answer admitting the material allegations of a petition filed against
it in any such proceeding; consents to or acquiesces in the appointment of a
trustee, receiver or liquidator of it or of all or any substantial part of its
assets or properties, or if it or its shareholders shall take any action to
effect a dissolution or liquidation and, in the case of any such proceeding not
being instituted by Lessee, such proceeding is not dismissed or vacated within
thirty (30) days.

22.  REMEDIES. Upon the occurrence of any Event of Default and at any time
thereafter, Lessor may, with or without terminating this Lease Agreement, do any
one or more of the following:
     (a)  Proceed by appropriate court action to enforce performance by Lessee
of the applicable terms of this Lease Agreement or any Lease Order;
     (b)  Declare immediately payable all sums due and to become due hereunder
for the full term of any and all Lease Orders under this Master Lease;
     (c)  If the Lease Order provides for a Stipulated Loss Value or other fixed
value of the Equipment, recover (i) any then accrued and unpaid rent plus
interest thereon at the late payment rate, (ii) the Stipulated Loss Value or
other fixed value, at Lessor's option, of the Equipment as of the rent payment
date immediately preceding Lessee's date of default, and (iii) all commercially
reasonable costs and expenses incurred by Lessor in any repossession, recovery,
storage, repair, sale, release or other disposition of the Equipment, including
reasonable attorney's fees and costs incurred in connection therewith or
otherwise resulting from Lessee's default;
     (d)  If the Lease Order does not provide for a Stipulated Loss Value or
other fixed value for the Equipment, recover from Lessee damages, not as a
penalty, but herein liquidated for all purposes and in an amount equal to the
sum of (i) any then accrued and unpaid Rent plus interest thereon at the Late
Payment Rate, (ii) the present value of all remaining Rent contracted to be paid
over the unexpired portion of the Initial Term or any extended term, discounted
at an interest rate of five percent (5%) per annum plus prepayment penalty fees,
(iii) all commercially reasonable costs and expenses incurred by Lessor in any
repossession, recovery, storage, or repair, sale, re-lease or other disposition
of the Equipment, including reasonable attorney's fees

                                                                          3 of 4
<PAGE>

and costs incurred in connection therewith or otherwise resulting from Lessee's
default and (iv) the fair market residual value in continued use at the time of
default of the Equipment determined by Lessor;

     (e)  Re-lease or sell any or all of the Equipment at a public or private
sale, with the privilege of becoming the purchaser or Lessee thereof, on such
terms and notice as Lessor shall deem reasonable, and thereafter Lessor shall
apply the proceeds derived therefrom as follows, Lessee remaining liable for any
deficiency: First, to reimburse Lessor for all costs and expenses incurred by
Lessor in any repossession, recovery, storage, repair, sale, re-lease or other
disposition of the Equipment, including reasonable attorney's fees, commissions
and broker's fees and costs incurred in connection therewith or otherwise
resulting from Lessee's default; second, to pay Lessor any amounts owing
hereunder, third, to reimburse Lessee for any amount paid hereunder as a result
of Lessee's default; and fourth, any surplus remaining thereafter to Lessor;
     (f)  Take immediate possession of any or all of such Equipment wherever
situated, and for such purpose, enter upon any premises (by summary proceedings
or otherwise) where the Equipment is located without prejudice to any other
remedy or claim referred to herein; and
     (g)  Exercise any other right or remedy which may be available to it under
the Uniform Commercial Code or any other applicable law.
     A termination hereunder shall occur only upon notice by Lessor and only as
to such Equipment as Lessor specifically elects to terminate and this Master
Lease and all Lease Orders hereunder shall continue in full force and effect as
to the remaining Equipment, if any. No remedy referred to in this Paragraph 22
is intended to be exclusive, but each shall be cumulative and in addition to any
other remedy referred to above or otherwise available to Lessor at law or in
equity. No express or implied waiver by Lessor of any default shall constitute
a waiver of any other default by Lessee or a waiver of any of Lessor's rights.

23.  LOSS OF ANTICIPATED TAX BENEFITS. Lessee acknowledges that unless otherwise
agreed to in writing by Lessor, Lessor intends to claim all available tax
benefits of ownership with respect to the Equipment (the "Tax Benefits"),
including, but not limited to, cost recovery deductions as provided in Section
168 of the Internal Revenue Code of 1986, as amended (the "Code"), with respect
to each item of Equipment for each of Lessor's taxable years during the Initial
Term and any extended or renewal term. Notwithstanding anything herein to the
contrary, if Lessor shall not be entitled to, or shall be subject to recapture
of the Tax Benefits as a result of any act, omission or misrepresentation of
Lessee, Lessee shall pay to Lessor upon demand an amount sufficient to reimburse
Lessor for such loss, together with any related interest and penalties, based on
the highest marginal corporate income tax rate prevailing at the time of such
loss, regardless of whether Lessor or any member of a consolidated group of
which Lessor is also a member is then subject to any increase in tax as a result
of such loss of Tax Benefits.

24.  TERMINATION. Each Lease Order, with respect to all but not less than all of
the Equipment covered thereby, may be terminated by either party at the end of
the Initial Term or any renewal or extended term thereof provided written notice
of termination of a Lease Order is given between one hundred eighty days and
ninety days prior to the termination of the Lease Order. If proper notice of
termination is not given, or if the Equipment is not returned to Lessor as
notified, the term of the Lease Order shall be extended on the same terms and
conditions for six months. Thereafter, the Lease Order as so extended may be
terminated by either party at the end of any calendar month by giving the other
party ninety days prior written notice.

25.  FAIR MARKET VALUE PURCHASE OPTION. Provided the Lessee is not in default
under this Lease Agreement or any Lease Order executed hereunder, and further
provided the Lessee has given Ninety (90) days prior written notice to Lessor of
this election, Lessee may elect to purchase all but not less than all of the
Equipment subject to an applicable Lease Order. The purchase price for such
Equipment shall be its Fair Market Value. Fair Market Value is defined as the
estimated amount, as of a certain date, which could be obtained for such
Equipment in an arms length transaction between an informed and willing buyer
and seller each under no compulsion to buy or sell with the assumption that the
Equipment is being sold "in place and in use".

26.  GENERAL.
     (a)  This Lease Agreement and any Lease Order hereunder shall be governed
in all respects by the laws of the State of Florida. Lessor and Lessee agree
that any dispute between them arising under this Lease Agreement or any Lease
Order shall be resolved in the state or federal courts in the State of Florida
having within its jurisdiction the City of Tampa, Florida. Lessee hereby
knowingly and irrevocably waives any objections to an action in such courts in
the State of Florida on the grounds of lack of personal jurisdiction or improper
venue and agrees that effective service of process may be made upon Lessee by
mail under the notice provisions of subparagraph 25(c) hereof. NO RIGHTS OR
REMEDIES REFERRED TO IN ARTICLE 2A OF THE UNIFORM COMMERCIAL CODE SHALL BE
INCORPORATED INTO THIS LEASE AGREEMENT UNLESS EXPRESSLY GRANTED IN THIS LEASE
AGREEMENT OR A LEASE ORDER HEREUNDER.
     (b)  This Lease Agreement and all Lease Orders constitute the entire
agreement between Lessee and Lessor with respect to the Equipment covered
thereby and supersede any prior or contemporaneous agreements or understandings
relating thereto. No covenant, condition or other term or provision hereof or of
any Lease Order may be waived, changed, amended or modified except by a written
agreement signed by both Lessor and Lessee.
     (c)  All notices, consents or requests desired or required to be given
hereunder shall be in writing and shall be mailed, via certified mail, return
receipt requested, to the address of the other party set forth on the first page
hereof or to such other address as such party shall have designated by a proper
notice.
     (d)  This Lease Agreement shall be binding upon and inure to the benefit of
the parties hereto and their respective permitted successors and assigns.
     (e)  Paragraph headings are for convenience of reference only and shall not
be construed as part of this Lease Agreement
     (f)  It is expressly understood that all of the Equipment shall be and
remain personal property of the Lessor notwithstanding the manner in which the
same may be attached or affixed to realty, and Lessee shall do all acts and
execute all documents necessary to insure that the Equipment remains personal
property.
     (g)  All agreements, representations and warranties contained in this Lease
Agreement, any Lease Order, and in any document delivered pursuant hereto or in
connection herewith shall be for the benefit of Lessor and any Assignee and
shall survive the execution and delivery, and the expiration or other
termination, of this Lease Agreement and any Lease Order.
     (h)  Time is of the essence of this Lease Agreement and each Lease Order.
     (i)  Lessee shall, upon request of Lessor, perform all such other acts and
execute and deliver to Lessor all such other documents which Lessor deems
reasonably necessary to implement the provisions of this Lease Agreement or any
Lease Order.
     (j)  Each Lease Agreement may be executed in one or more counterparts, each
of which shall be deemed an original, but there shall be only one executed
original of each Lease Order which shall be marked "Original" ("the Original")
and all other counterparts shall be marked "Duplicate". To the extent, if any,
that a Lease Order constitutes chattel paper (as such term is defined in the
Uniform Commercial Code) no security interest in the Lease Order may be created
through the transfer or possession of any counterpart other than the Original of
the Lease Order accompanied by an Original or certified copy of the Lease
Agreement.

================================================================================
IN WITNESS WHEREOF, the parties have executed this Lease Agreement effective as
of the date first above written.

<TABLE>
<CAPTION>
<S>                                               <C>
LESSOR: GATX TECHNOLOGY SERVICES CORPORATION      LESSEE: INTERLIANT, INC.

Signature:                                        Signature: /s/ William A. Wilson
          ----------------------------------                 ----------------------------------------

By:                                               By: William Wilson
   -----------------------------------------          ----------------------------------------------
               (Print Name)                                           (Print Mame)
Title:                                            Title:  CFO
      --------------------------------------            --------------------------------------------

Date:                                             Date: 20 Nov 2000
     ---------------------------------------           ---------------------------------------------
 </TABLE>

                                                                          4 of 4
<PAGE>

                                ADDENDUM NO. 1
                                      TO
                        MASTER LEASE AGREEMENT NO. 2064
                                    BETWEEN
                GATX TECHNOLOGY SERVICES CORPORATION, AS LESSOR
                                      AND
                          INTERLIANT, INC., AS LESSEE

The Master Lease Agreement referenced above is hereby modified as follows:

4. RENTAL
---------

For purposes for this Section in determining the commencement of rental
payments, the "Delivery and Acceptance Date" for a particular Lease Order shall
be deemed to the date of Lessor's receipt from Lessee of a Delivery and
Acceptance Certificate or Approval Certificate, which ever is deemed
appropriate.

6. INSTALLATION, USE, MAINTENANCE AND INSPECTION OF EQUIPMENT.
--------------------------------------------------------------

(d)  Modify the second line to read as follows: "...inspect the Equipment,
Lessee's log and maintenance records related to the Equipment."

11. ASSIGNMENT OR SUBLETTING BY LESSEE
--------------------------------------

Delete the last sentence and paragraphs (a), (b) and (c) and insert the
following in lieu thereof:

     "Notwithstanding anything to the contrary in this Section 11, in the event
of a merger, sale of substantially all of the assets of Lessee or other
reorganization involving Lessee, Lessor shall not withhold its consent to the
assignment of this Lease Agreement or any Lease Order to the successor entity or
purchaser of such assets if each of the following conditions precedent is
satisfied:

     1.   the successor entity as of the date of such assignment meets Lessor's
          then current credit standards, as determined by Lessor in Lessor's
          sole discretion;

     2.   Lessee gives Lessor at least thirty (30) days prior written
          notice of such merger, sale of assets or other reorganization;

     3.   such merger, sale of assets or other reorganization does not adversely
          affect the rights of Lessor under any Lease;

     4.   the entity that results from such merger, sale of assets or other
          reorganization or which purchases the assets in the case of a sale of
          assets (the "Surviving Entity") shall have executed and delivered to
          Lessor an agreement in form and substance reasonably satisfactory to
          Lessor, containing an assumption by Surviving Entity of the due and
          punctual performance and observance of each obligation, covenant, and
          condition of Lessee in this Lease Agreement and each Lease Order and
          making representations and warranties with respect to the Surviving
          Entity similar in scope and substance to the representations and
          warranties made by Lessee in this Lease Agreement and any Lease
          Orders;

     5.   the Surviving Entity executes any precautionary financing statements
          or amendments thereto reasonably requested by Lessor; and

                                       5
<PAGE>

     6.   immediately after giving effect of such merger, sale of assets or
          other reorganization, no Event of Default or, event which with the
          lapse of time or giving of notice or both, would result in an Event of
          Default, shall have occurred and be continuing;

     provided; however, Lessee remain liable (independent of its assignee) for
     --------  -------
     each and every one of its obligations under this Lease Agreement and all
     Lease Orders.

14. INDEMNIFICATION
-------------------

Delete the word "gross" immediately before the word "negligence" in the fifth
line.

19. REPRESENTATIONS AND WARRANTIES OF LESSEE.
---------------------------------------------

Insert the words "in all material respects" to the end of clause (v).

20.  FINANCIAL STATEMENTS, INC.
-------------------------------

Insert the words "to the extent not available to the public in electronic
format" immediately after the words "most recent fiscal year" in the second
line.

IN WITNESS WHEREOF, the parties hereto have executed this addendum, as indicated
by the signature of their authorized representative below.

Lessor:  GATX TECHNOLOGY SERVICES               Lessee:  INTERLIANT, INC.
         CORPORATION

By:__________________________                   By: /s/ William A. Wilson
                                                   ---------------------------
Title:_______________________                   Title:  C F O
                                                       -----------------------
Date:________________________                   Date:    20 Nov 2000
                                                       -----------------------

                                       6<PAGE>

                                                                   Exhibit 10.47
                                   ORIGINAL

  EMC CORPORATION                                             No.   12586
                                                                 ------------

                                      EMC/2/

                             MASTER LEASE AGREEMENT

This MASTER LEASE AGREEMENT, (hereinafter called the "Master Agreement") is
entered into by and between EMC Corporation, a Massachusetts corporation
(hereinafter called "Lessor"), having its principal place of business at 171
South Street, Hopkinton, MA 01748, and Interliant, Inc. (hereinafter called
                                       ----------------
"Lessee"), having a principal place of business at Two Manhattanville Road,
                                                   -----------------------
Purchase, NY 10577--2118.
------------------------

                                  I. THE LEASE

 1.1     Lease of Equipment. In accordance with the terms and conditions of this
         Master Agreement, Lessor agrees to lease to Lessee, and Lessee agrees
         to lease from Lessor, the units of personal property (hereinafter
         individually called a "Unit" and collectively called "Equipment")
         described in supplement(s) which are executed pursuant to and
         incorporate the terms of this Master Agreement (each hereinafter, a
         "Supplement"). Each Supplement shall constitute a separate, distinct,
         and independent lease and contractual obligation of Lessee. The term
         "Lease" as used hereinafter shall refer to an individual Supplement
         which incorporates the terms of this Master Agreement. Lessor or its
         assignee shall retain the full legal title to the Equipment, it being
         expressly agreed by both parties that this Master Agreement and each
         Lease shall constitute an agreement of lease only. Each Lease shall be
         binding upon Lessor and Lessee from the date of acceptance and
         execution of the applicable Supplement, by Lessor at its headquarters.

  1.2    Term of Lease. The original term of lease for each Unit (hereinafter
         the "Original Term") shall commence on the date specified in the
         applicable Supplement and, subject to Section 2.5 below, shall
         terminate as specified in such Supplement. No Lease may be canceled by
         Lessee for any reason whatsoever.

  1.3    Disclaimers; Warranties. LESSEE ACKNOWLEDGES AND AGREES THAT LESSOR
         MAKES NO EXPRESS OR IMPLIED WARRANTIES ARISING OUT OF OR RELATED TO
         LESSEE'S USE OR OPERATION OF THE EQUIPMENT. LESSOR EXPRESSLY DISCLAIMS
         THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR
         PURPOSE FOR THE EQUIPMENT OR OTHER PRODUCTS, DOCUMENTATION AND SERVICES
         PROVIDED HEREIN. IN NO EVENT SHALL LESSOR BE LIABLE FOR ANY INDIRECT,
         SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR
         ASSOCIATED WITH THE EQUIPMENT OR THE LEASE THEREOF EVEN IF ADVISED OF
         THE POSSIBILITY OF SUCH DAMAGES.

  1.4    Rental Payments. Lessee shall pay rental to Lessor for the Unit(s) in
         the amounts and on the dates specified in the applicable Supplement. If
         any rental or other amount due hereunder is not paid within five (5)
         days of the due date thereof, Lessee shall pay to Lessor on demand, as
         additional rental, interest thereon from the due date until payment at
         a rate equal to the lesser of (i) eighteen (18%) per annum, or (ii) the
         maximum rate permitted by law. All rental and other amounts payable by
         Lessee to Lessor hereunder shall be paid to Lessor at the address
         specified above, or at such other place as Lessor may designate in
         writing to Lessee. Time is of the essence with respect to all of
         Lessee's obligations under any Lease.

  1.5    Return of Equipment. Upon expiration of the Original Term, Lessee will
         immediately return the Equipment to Lessor as provided in Section 2.3
         below. Should Lessee not return the Equipment at the end of the
         Original Term, the Equipment shall continue to be held and leased
         hereunder, and the Lease shall thereupon be extended for successive
         three (3) month terms, at the same monthly rental, subject to the right
         of either Lessee or the Lessor to terminate the Lease upon ninety (90)
         days written notice, whereupon the Lessee shall forthwith deliver the
         Equipment to the Lessor. If Lessee fails to return the Equipment upon
         demand therefor by Lessor, Lessee shall pay Lessor, as the reasonable
         measure of Lessor's damages, the value, at replacement cost, of the
         Equipment so converted.

                            II. COVENANTS OF LESSEE

  2.1    Payment of Rental and other Monies. Each lease is a net lease and
         Lessee acknowledges and agrees that Lessee's obligation to pay all
         rental and other sums payable hereunder, and the rights of Lessor in
         and to such payments, shall be absolute and unconditional and shall not
         be subject to any abatement, reduction, setoff, counterclaim or other
         defense for any reason whatsoever. It being the intent of Lessor, and
         an inducement to Lessor, to enter into the Lease, to claim all
         available tax benefits of ownership with respect to the Equipment,
         Lessee acknowledges and agrees that (i) no right, title or interest in
         the Equipment has been or is intended to be passed to Lessee, other
         than the right to maintain possession and use of the Equipment for the
         Original Term, conditioned on Lessee's performance of the terms and
         conditions of the Lease, (ii) Lessee has not taken and will not at any
         time during the Original Term take any action which shall cause Lessor
         to lose any tax benefits of ownership, and (iii) the Stipulated Loss
         Values (defined in the applicable Lease) agreed to under this Lease are
         intended to provide recovery by Lessor of such lost tax benefits of
         ownership.

  2.1.1  Acceptance of Equipment. Lessee's acceptance of the Equipment shall be
         conclusively and irrevocably evidenced by Lessee executing the
         Certificate of Delivery and Acceptance and upon acceptance the Lease
         of such Equipment shall be noncancellable for the Original Term unless
         otherwise agreed to in writing by Lessor.
<PAGE>

  2.2    Use of Equipment. Lessee shall use the Equipment solely in the conduct
         of its business, in a manner and for the use contemplated by the
         manufacturer thereof, and in compliance with all laws, rules and
         regulations of every governmental authority having jurisdiction over
         the Equipment and with the provisions of all policies of insurance
         carried by Lessee pursuant to Section 2.6 below; provided, however,
         Lessee shall have the right to allow third parties, under Lessee's
         supervision, to use the Equipment, so long as Lessee shall retain
         uninterrupted possession and control of the Equipment. Lessee shall pay
         all costs, expenses, fees and charges incurred in connection with the
         use and operation of the Equipment.

  2.3    Delivery, Installation, Maintenance and Repair. Lessee shall be solely
         responsible, at its own expense, for the delivery of the Equipment to
         Lessee, the packing, rigging and delivery of the Equipment back to
         Lessor upon expiration of the Original Term in good repair, condition,
         and working order, ordinary wear and tear excepted, at the location(s)
         within the continental United States specified by Lessor. Lessee is
         also solely responsible for the installation, de-installation,
         maintenance and repair of the Equipment. Lessee shall, at its expense,
         (a) keep the Equipment in good repair, condition and working order,
         ordinary wear and tear excepted, and (b) at the expiration of the
         Original Term or any renewal term have the Equipment inspected and
         certified as acceptable for maintenance service by the manufacturer.
         Lessor shall be entitled to inspect the Equipment at Lessee's location
         at reasonable times.

  2.4    Taxes. Lessee agrees to pay, and to indemnify and hold Lessor harmless
         from, all license fees, assessments, and sales, use, property, excise
         and other taxes and charges ("Imposts")(other than those measured by
         Lessor's net income) now or hereafter imposed by any governmental body
         or agency upon or with respect to (a) the Equipment or the possession,
         ownership, use or operation thereof or (b) this Master Agreement, any
         Lease, or the consummation of the transactions herein contemplated. All
         required personal property tax returns relating to the Equipment shall
         be filed by Lessee unless otherwise provided in writing. Lessee shall
         reimburse Lessor promptly upon demand for the amount of any Imposts
         remitted by Lessor which are required hereunder to be borne by Lessee.

  2.5    Loss of Equipment. Lessee shall bear the entire risk of the Equipment
         being lost, destroyed or otherwise rendered permanently unfit or
         unavailable for use from any cause whatsoever (hereinafter called an
         "Event of Loss") after its delivery to Lessee. If an Event of Loss
         shall occur with respect to any Unit, Lessee shall promptly and fully
         notify Lessor thereof. On the rental payment date following such notice
         Lessee shall pay to Lessor an amount equal to the rental payment or
         payments due and payable for such Unit on such date plus a sum equal to
         the Stipulated Loss Value (as defined in the applicable Supplement) of
         such Unit as of the date of such payment set forth in such Supplement.
         Upon the making of such payment by Lessee regarding any Unit, the
         rental obligation for such Unit shall cease, the Lease as to such Unit
         shall terminate and (except in the case of loss, theft or complete
         destruction) Lessor shall be entitled to recover possession of such
         Unit at Lessee's expense in accordance with the provisions of Section
         2.3 above. Provided that Lessor has received the Stipulated Loss Value
         for any Unit, Lessee shall be entitled to the proceeds of any recovery
         in respect of such Unit from insurance or otherwise.

  2.6    Insurance. Lessee shall obtain and maintain for the entire term of the
         Lease, at its own expense, property damage and liability insurance and
         insurance against loss or damage to the Equipment including, without
         limitation, loss by fire (including so-called extended coverage), theft
         and such other risks of loss as are required on the type of Equipment
         leased hereunder and by businesses in which Lessee is engaged in such
         amounts in such form and with such insurers as shall be satisfactory to
         Lessor, provided however, that such insurance for loss or damage of any
         Unit shall always be at a minimum, the amount of the Stipulated Loss
         Value of such Unit. Each insurance policy will name Lessee as insured
         and Lessor as an additional insured and loss payee thereof as Lessor's
         interests may appear and shall provide that it may not be canceled or
         altered without at least 30 days prior written notice to Lessor or its
         successors and assigns. Lessee shall provide to Lessor a certificate of
         insurance as evidence of insurance coverage prior to delivery of any
         Unit.

  2.7    Indemnity. Lessee shall and does hereby indemnify Lessor and its
         successors and assigns against, and hold Lessor and its successors and
         assigns harmless from, any and all claims, demands, actions and suits,
         proceedings, costs, expenses, damages and liabilities, including
         reasonable attorneys' fees, hereinafter ("Claims"), arising out of,
         connected with or resulting from this Master Agreement, any Lease, or
         the Equipment, including, without limitation, the selection, ownership,
         control, maintenance, lease, purchase, delivery, possession, condition,
         use, operation, or return of the Equipment. Lessee shall give Lessor
         immediate notice of any Claim and Lessee shall satisfy, pay and
         discharge any and all judgments and fines that may be recovered against
         Lessor in connection with any such Claim. Lessor shall give Lessee
         written notice of any such Claim of which Lessor has knowledge.

  2.8    Possession; Assignment; Pledge. Without the prior written consent of
         Lessor, which such consent as it pertains to subsections (a) and (d),
         shall not be unreasonably withheld or delayed, Lessee shall not (a)
         sublease the Equipment, or any part thereof, provided, that Lessee may,
         without the prior written consent of Lessor, permit any parent or
         subsidiary of Lessee to use the Equipment, or any part thereof, in the
         ordinary course of its business, (b) assign, this Master Agreement or
         any Lease or its interest hereunder or thereafter, (c) create or incur
         any lien or encumbrance with respect to the Equipment, or any part
         thereof, (d) move the Equipment, or any part thereof, or permit any of
         the Equipment to be moved from the location at which it is first
         installed, or (e) permit the Equipment, or any part thereof, to be
         removed outside the continental limits of the United States.

  2.9    Identification. At any time during the term of a Lease, Lessor may
         require Lessee to legibly mark each Unit subject to such Lease in a
         reasonably prominent location with a label, disc or other marking
         stating that the Equipment is owned by Lessor.

  2.10   Alterations or Modifications. Lessee shall not make any alternations of
         or additions to the Equipment without the prior written consent of
         Lessor. At any time during the Original Term, of any Lease there may be
         added to such Lease additional Units of the same type as are rented
         thereunder for a term equal to the remaining Original Term and, subject
         to the terms and conditions hereof, at the rental rates applicable to
         such Equipment and term in effect at the time the order is placed,
         provided that the order is in writing and accepted by Lessor. Such
         acceptance shall be at the sole discretion of Lessor. All additions,
         attachments or accessories to or improvements of the Equipment shall
         immediately belong to and become property of the Lessor unless, at the
         request of Lessor, such additions, attachments or accessories to or
         improvements of the Equipment are removed prior to the return of said
         Equipment by Lessee. Lessee shall be responsible for the costs of such
         removal and shall restore the Equipment to the same operating condition
         as when it became subject to the Lease.

  2.11   Equipment to be Personal Property. Lessee agrees that the Equipment
         shall be and remain personal property notwithstanding the manner in
         which it may be attached or affixed to realty, and Lessee shall do all
         acts and enter into all agreements necessary to ensure that the
         Equipment remains personal property.
<PAGE>

  2.12  Financial Statements. Lessee shall promptly furnish, or cause to be
        furnished, to Lessor such financial or other statements respecting the
        condition and operations of Lessee or respecting the Equipment as Lessor
        may from time to time reasonably request.

  2.13  Lessee Representations. Lessee hereby represents, warrants and covenants
        that with respect to this Master Agreement and each Lease entered into
        hereunder:

        (a)  The execution, delivery and performance thereof by the Lessee have
             been duly authorized by all necessary corporate action;
        (b)  The individual executing such was duly authorized to do so;
        (c)  This Master Agreement and each Lease constitute the legal, valid
             and binding obligations of the Lessee enforceable in accordance
             with their respective terms.

                           III. DEFAULT AND REMEDIES

  3.1   Events of Default. The occurrence of any of the following shall
        constitute an Event of Default hereunder: (a) Lessee shall fail to pay
        on the due date any rental or other payment due under any lease, (b) any
        provision of this Master Agreement or any Lease or any provision in any
        document provided by Lessee for this Master Agreement or any Lease, or
        in any document furnished pursuant to the provisions hereof or
        otherwise, shall prove to have been false or misleading in any material
        respect as of the date when it was made, (c) Lessee shall fail to
        perform any provision, covenant, condition or agreement made by it under
        this Master Agreement or Lease, and such failure shall continue for ten
        (10) days after notice thereof from Lessor to Lessee or (d) bankruptcy,
        receivership, insolvency, reorganization, dissolution, liquidation, or
        other similar proceedings shall be instituted by or against Lessee or
        all or any part of its property under the Federal Bankruptcy Code or
        other law of the United States or of any state law, and if against
        Lessee it shall consent thereto or shall fail to cause the same to be
        discharged within twenty (20) days, or (e) Lessee shall default under
        any agreement with respect to the purchase or installation of the
        Equipment, or (f) if Lessee or any guarantor of Lessee's obligations
        hereunder shall default under any other agreement with Lessor.

  3.2   Remedies. If an Event of Default hereunder shall occur and be
        continuing, Lessor may exercise any one or more of the following
        remedies: (a) immediately terminate this Master Agreement and any or all
        Leases and Lessee's rights hereunder and thereunder, (b) proceed, by
        appropriate court action or actions either at law or in equity, to
        enforce performance by Lessee of the applicable covenants of the Lease
        or to recover damages for the breach thereof, (c) by notice in writing
        to Lessee, recover all amounts due on or before the date of the event of
        default, plus, as liquidated damages for loss of a bargain and not as a
        penalty, accelerate, and declare to be immediately due and payable all
        rentals and other sums payable under any or all such Leases, without any
        presentment, demand, protest or further notice (all of which hereby are
        expressly waived by Lessee), whereupon the same shall be and become
        immediately due and payable, and (d) personally, or by its agents take
        immediate possession of the Equipment, or any part thereof, from Lessee
        and for such purpose, enter upon Lessee's premises where any of the
        Equipment is located with or without notice or process of law and free
        from all claims by Lessee. The exercise of any of the foregoing remedies
        by Lessor shall not constitute a termination of any Lease unless Lessor
        so notifies Lessee in writing.

  3.3   Disposition of Equipment. In the event Lessor repossesses Equipment,
        Lessor may (a) lease the Equipment, or any portion thereof, in such a
        manner, for such time and upon such term(s) as Lessor may determine or
        (b) sell the Equipment, or any portion thereof, at one or more public or
        private sales, in such manner, and at such times and upon such terms as
        Lessor may determine. In the event that Lessor leases any such Units,
        any rentals received by Lessor for the Remaining Lease Term(s) (the
        period ending on the date when the Original Term for the Unit(s) would
        have expired if an Event of Default had not occurred) for such Units
        shall be applied to the payment of (i) all costs and expenses (including
        attorneys' fees) incurred by Lessor in retaking possession of, and
        removing, storing, repairing, refurbishing and leasing such Units, and
        (ii) the rentals for the remainder of the Original Term and all other
        sums, including past due rentals, remaining unpaid under the Lease. The
        balance of such rentals, if any, shall be applied first to reimburse
        Lessee for any sums previously paid by Lessee as liquidated damages, and
        any remaining amounts shall be retained by Lessor. All rentals received
        by Lessor for the period commencing after the expiration of the
        Remaining Lease Term(s) shall be retained by Lessor. Lessee shall remain
        liable to Lessor to the extent that the aggregate amount of the sums
        referred to in clauses (i) and (ii) above shall exceed the aggregate
        rentals received by Lessor under such leases for the respective
        Remaining Lease Term(s) applicable to the Units covered by such leases.
        In the event that Lessor shall sell or otherwise dispose of (other than
        pursuant to a lease) any such Unit, the proceeds thereof shall be
        applied to the payment of (i) all costs and expenses (including
        reasonable attorneys' fees) incurred by Lessor in retaking possession
        of, and removing, storing, repairing, refurbishing and selling or
        otherwise disposing of such Unit(s), (ii) the rentals that either did or
        would have accrued under the Lease but are unpaid up to the time of such
        sale or other disposition, (iii) any and all other sums (other than
        rentals) then owing to Lessor by Lessee under, and (iv) the Stipulated
        Loss Value of such Unit(s) determined as of the date of such sales or
        other disposition in accordance with the schedule set forth in the Lease
        for such Unit(s). The balance of such proceeds, if any, shall be applied
        first to reimburse Lessee for any sums previously paid by Lessee as
        liquidated damages, and any remaining amounts shall be retained by
        Lessor. Lessee shall remain liable to Lessor to the extent that the
        aggregate amount of the sums referred to in clauses (i) through (iv)
        above shall exceed the aggregate proceeds received by Lessor in
        connection with the sale or disposition of the Equipment (other than
        pursuant to a lease).

                               IV. MISCELLANEOUS

  4.1   Performance of Lessee's Obligations. Upon Lessee's failure to pay any
        sum or perform any obligation hereunder when due, Lessor shall have the
        option, but shall in no case be obligated, to pay such sum or perform
        such obligation, whereupon such sum or the cost of such performance
        shall immediately become due and payable as additional rent from Lessee
        to Lessor with interest at the highest legal rate from the date payment
        or performance was due.

  4.2   Assignment. No right, obligation or interest of Lessee with respect to
        this Master Agreement, any Lease or Equipment shall, without the prior
        written consent of Lessor, be assignable by Lessee or by operation of
        law, and any such purported assignment, transfer or succession shall be
        null and void. Lessor may, at anytime, without the consent of Lessee,
        assign the Master Agreement and any Lease or any interest herein or
        therein to any party. In the event of any assignment of Lessor, the
        assignee shall have all of Lessor's rights hereunder, but none of its
        obligations, and upon receipt by Lessee of written notice of any such
        assignment, Lessee shall make all payments thereafter becoming due under
        any assigned Lease to such assignee without regard to any set-off,
        defense or counter claim that Lessee may have against Lessor.
<PAGE>

  4.3   Quiet Enjoyment. So long as Lessee shall not be in default hereunder and
        Lessor continues to receive all rent and other sums payable by Lessee
        hereunder in accordance with the terms hereof, neither Lessor nor its
        assignee, shall interfere with Lessee's right of quiet enjoyment and use
        of the Equipment.

  4.4   Further Assurances. Lessee agrees that at any time, and from time to
        time, after the execution and delivery of this Lease, it shall, upon the
        request of Lessor, execute and deliver such further documents and do
        such further acts and things as Lessor may reasonably request in order
        fully to effect the purposes of this Lease including without limitation,
        the filing of financial and confirmation statements. Lessee authorizes
        Lessor to file a financing statement or any confirmation statements
        signed only by Lessor in accordance with the Uniform Commercial Code or
        signed by Lessor as Lessee's attorney in fact.

  4.5   Rights, Remedies, Powers. Each and every right, remedy and power granted
        to Lessor hereunder shall be cumulative and in addition to any other
        right, remedy or power herein specifically granted or now or hereafter
        existing in equity, at law, by virtue of statute or otherwise, and may
        be exercised by Lessor from time to time concurrently or independently
        and as often and in such order as Lessor may deem expedient. And any
        failure or delay on the part of Lessor in exercising any such right,
        remedy or power, or abandonment or discontinuance of steps to enforce
        the same, shall not operate as a waiver thereof or affect Lessor's right
        thereafter to exercise the same, and any single or partial exercise of
        any such right, remedy or power shall not preclude any other or further
        exercise thereof or the exercise of any other right, remedy or power.

  4.6   Notices. Any notice, request, demand, consent, approval or other
        communication provided or permitted hereunder shall be in writing and
        shall be conclusively deemed to have been received by a party hereto on
        the day it is delivered to such party at its address set forth above (or
        at such other address as such party shall specify to the other party in
        writing), or if sent by registered or certified mail, return receipt
        requested, on the third business day after the day on which mailed,
        addressed to such party at such address.

  4.7   Section Headings. Section headings are inserted for convenience only and
        shall not affect any construction or interpretation of any Lease.

  4.8   Binding Effect. Each Lease, subject to the provisions of Sections 2.8
        and 4.3 hereof, shall be binding upon and shall inure to the benefit of
        the respective successors and assigns of the Lessee and Lessor.

  4.9   Governing law. Each Lease shall be governed in all respects by the laws
        of the Commonwealth of Massachusetts.

  4.10  Entire lease. Each Lease, consisting of the terms and conditions of this
        Master Agreement, a Supplement, and any Amendments, Schedules or Riders
        to either of them, constitutes the entire agreement between Lessor and
        lessee. No waiver, consent, modification or change of terms of this
        Lease shall bind either party unless in writing signed by both parties,
        and then such waiver, consent, modification or change shall be effective
        only, in the specific instance and for the specific purpose given. There
        are no understandings, agreements, representations or warranties,
        express or implied, not specified therein regarding any Lease or the
        Equipment leased thereunder. Any terms and conditions of any purchase
        order or other document (with the exception of Supplements) submitted by
        Lessee in connection with any Lease which are in addition to or
        inconsistent with the terms and conditions of such Lease will not be
        binding on Lessor and will not apply to the Lease. LESSEE BY THE
        SIGNATURE BELOW OF ITS AUTHORIZED REPRESENTATIVE ACKNOWLEDGES THAT IT
        HAS READ THIS MASTER AGREEMENT, UNDERSTANDS IT, AND AGREES TO BE BOUND
        BY ITS TERMS AND CONDITIONS WITH RESPECT TO ANY LEASE ENTERED INTO
        HEREUNDER.

        See Amendment No. 1 attached hereto and made a part hereof.

LEASE ACCEPTED BY:

EMC CORPORATION, (Lessor)                  Interliant, Inc.          (lessee)
                                           --------------------------

BY: _______________________________        BY: /s/ Frank J. Alfano
                                               -------------------------------

TITLE: ____________________________        TITLE: Senior Vice President
                                                  ----------------------------
                                                           Corporate Development
<PAGE>

                                AMENDMENT NO. 1

TO MASTER LEASE AGREEMENT Number 12586, (hereinafter called the "Master
Agreement"), between EMC Corporation ("Lessor") and Interliant, Inc. ("Lessee").

Lessor and Lessee have entered into the Master Agreement identified above
pursuant to which Lessor has agreed to lease to Lessee, and Lessee has agreed to
lease from Lessor, subject to the terms and conditions of the Master Agreement.

NOW, THEREFORE Lessor and Lessee, by entering into this Amendment hereby confirm
and agree as follows:

Section 1.5       In the last sentence, after "damages" strike "the value, at
                  replacement cost," and replace with "the fair market value".

Section 2.7       To the end of the first sentence, add "except such claims
                  resulting from the gross negligence or willful misconduct of
                  Lessor, its employees, contractors or agents."

Section 2.8       In line 4, to the end of subsection (b) add "except as
                  provided in Section 4.2".

Section 3.1       In the first sentence, to the end of subsection (a) add "and
                  such failure shall continue for five (5) days after notice
                  thereof from Lessor to Lessee".

                  In the first sentence, subsection (d), after "within" strike
                  "twenty (20)" and replace with "sixty (60)".

Section  3.2      In the first sentence, to the end of subsection (d) add
                  "provided, however, such entry must be made peacefully and
                  Lessor shall be liable to Lessee for any and all damage to any
                  property or person resulting from the gross negligence or
                  willful misconduct of Lessor, its employees, contractors or
                  agents."

Section 3.3       In the second sentence, line 5, subsection (i), before "costs
                  and expenses" add "reasonable" and before "attorneys' fees"
                  add "reasonable".

                  In the sixth sentence, line 13, subsection (i) before "costs
                  and expenses" insert "reasonable".

Section 4.1       In line 1, after "due" add "after all applicable notice and
                  cure periods,".

Section 4.2       In the first sentence, line 2, after "Lessor" add "which
                  consent shall not be unreasonably withheld, conditioned or
                  delayed,".

                  After the first sentence add the following new sentence: "Upon
                  receipt of a written request from Lessee to assign this Master
                  Agreement or any Lease or its interest hereunder, Lessor shall
                  review the new entity under its then current underwriting
                  criteria, and if, in the reasonable discretion of Lessor, the
                  new entity is equal to or better than that of Lessee based on
                  its then current underwriting criteria, Lessor shall consent
                  to such assignment, and such consent shall not be reasonably
                  delayed or withheld."

Section 4.4       To the end of the last sentence add "solely with respect to
                  the Equipment or any part thereof."
<PAGE>

Except as provided in this Amendment No. 1, all the terms and conditions of the
above referenced Master Agreement will remain in full force and effect.

AMENDMENT ACCEPTED BY:

EMC Corporation (Lessor)                      Interliant, Inc. (Lessee)

By:____________________________               By:    /s/ Francis J. Alfano
                                                 -----------------------------
Name:__________________________               Name:  Frank J. Alfano
                                                   ---------------------------
Title:_________________________               Title: Senior Vice President
                                                     Corporate Development
                                                    --------------------------
Date:__________________________               Date:  January 26, 2001
                                                   ---------------------------
<PAGE>

                                AMENDMENT NO. 1

TO SUPPLEMENT Number 1 to Master Lease Agreement Number 12586 (hereinafter
called the "Lease"), between EMC Corporation ("Lessor") and Interliant, Inc.
("Lessee").

Lessor and Lessee have entered into the Lease identified above pursuant to which
Lessor has agreed to lease to Lessee, and Lessee has agreed to lease from
Lessor, subject to the terms and conditions of the Lease.

NOW, THEREFORE Lessor and Lessee, by entering into this Amendment hereby confirm
and agree as follows:

The paragraph entitled "Interim Rent" in deleted in its entirety as it does not
apply to this Lease.

Add the following paragraph to the Lease:

     "End of Lease Options: Provided that Lessee is not in default, as defined
     in Section 3.1 hereof, Lessor hereby grants Lessee the following options at
     the end of the Original Term or any extended term; (i) Lessee may elect to
     return the Equipment to Lessor as provided in Sections 1.5 and 2.3 hereof,
     (ii) Lessee may elect to renew the Lease at the fair market value rental,
     or (iii) Lessee may elect to purchase the Equipment at the then fair market
     value."

Except as provided in this Amendment No. 1, all the terms and conditions of the
above referenced Lease will remain in full force and effect.

AMENDMENT ACCEPTED BY:

EMC Corporation (Lessor)             Interliant, Inc. (Lessee)

By:____________________________      By:_________________________________

Name:__________________________      Name:_______________________________

Title:_________________________      Title:______________________________

Date:__________________________      Date:_______________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00024-of-00352.parquet"}]]