Document:

Exhibit 10.6

 

FIRST
AMENDMENT TO MASTER ASSIGNMENT AND ASSUMPTION AGREEMENT

 

THIS FIRST AMENDMENT TO MASTER ASSIGNMENT AND
ASSUMPTION AGREEMENT (“Agreement”) made this 1st day of June, 2004
by and between and AT&T Corp., a corporation organized under the laws of
the State of New York, having an address at 55 Corporate Drive, Bridgewater,
New Jersey 08807 (“Assignor”), and MACK-CALI REALTY
CORPORATION, a Maryland corporation, having an address at 11 Commerce Drive,
Cranford, New Jersey 07016 (“Assignee”).

 

RECITALS:

 

A.            Assignee and Assignor entered into that
certain Master Assignment and Assumption Agreement dated April 2, 2004
(hereinafter referred to as the “Contract”), wherein Assignor agreed to
assign and Assignee agreed to accept assignment of leasehold interests under
certain Leases, as more particularly defined in the Contract.

 

B.            Assignee and Assignor are desirous of
modifying and amending the terms and conditions of the Contract only as set
forth in this First Amendment.

 

NOW, THEREFORE, in consideration of the
premises and the mutual promises and covenants contained herein, the parties,
each intending to be legally bound hereby, agree as follows:

 

1.             Previously Defined Terms; Conflict.

 

(a)           All of the capitalized
terms not expressly defined in this First Amendment shall have the meanings
ascribed to such terms in the Contract.

 

(b)           All references to “this
Agreement” in the Contract shall be deemed to mean the Contract as supplemented
and amended by this First Amendment. 
The Contract and this First Amendment shall be collectively referred to
as the “Agreement”.  In the event of any conflict or
inconsistency between the Contract and this First Amendment, this First
Amendment shall control.

 

2.             Section 1.  Agreement.

 

(a)  Section 1(g)(ii) of the Contract is amended
by changing the period after the word “subleasing” in the fifth (5th)
line of the section to a semicolon, and adding the words “and (4) all costs and
expenses of any nature whatsoever expended by Assignee under the Teleport Lease
(including, but not limited to, the rent, additional rent and other
expenditures), whether before or after the date of the sublease.”

 

(b)  Section 1(i) of the Contract is amended to
provide that the parties shall sign at Closing a post closing adjustment letter
providing that the parties will cooperate to make such

 

 

further corrections and adjustments to the
closing pro-rations after Closing as may be appropriate to correct errors
and/or to make further adjustments as additional or revised information becomes
available.  Without limiting the
foregoing, the parties acknowledge that the “settle-ups” for taxes and
operating expenses in several of the Properties have not occurred for one or
more years and that the settle-up for the current calendar year is not expected
to occur until 2005.  Assignor shall
remain liable for any additional amounts that become due to, and shall have the
benefit of any refunds that become due from, the various landlords for
operating expenses and/or taxes attributable to the period prior to the Closing
Date.  This provision shall survive
Closing.

 

(c)           Section l(j)(ii) of the
Contract is amended by adding the words “in lieu of consenting to the
assignment to Assignee,” after the word “if” in the first line.

 

(d)           Section 1 of the
Contract is amended to add new subsections l(p) through l(r) as follows:

 

(p)           With respect to the 437
Ridge Property, Assignor agrees that it shall be solely responsible, at its
cost and expense, for any restoration or removal required with respect to
communications cables or other equipment or facilities connecting the 437 Ridge
Property to other buildings in the complex. 
The parties further acknowledge that the 437 Ridge Property is not
separately metered for utilities from the other buildings in the complex, which
are presently occupied by Assignor or its affiliates, and will not be
separately metered until February 2005. 
Until such time as the 437 Ridge Property is separately metered, so long
as the 437 Ridge Property remains vacant, Assignor shall pay all the utilities
for the 437 Ridge Property.  If the 437
Ridge Property is occupied at any time prior to the time when the 437 Ridge
Property is separately metered, the parties shall seek to agree in good faith
on a fair allocation of utility costs to the 437 Ridge Property, or failing
such agreement shall allocate the utility charges based upon a survey of
utility usage by a mutually acceptable company, the charges for which shall be
split evenly between the parties.  This
provision shall survive Closing.

 

(q)           With respect to the 290
Davidson Lease, to the extent that the Assignee is required to pay to the
landlord and/or otherwise expend more than $750,000 during the initial term of
the 290 Davidson Lease for (i) repair and/or replacement of the HVAC system,
(ii) capital expenditures for building systems; and (iii) other capital
expenditures for major items (i.e., structural, ceilings, lights, parking
areas, etc.), whether during or after the term of this Sublease, Assignor
agrees to pay to Assignee an amount equal to fifty (50%) percent of the excess
above $750,000.  This obligation shall
survive the closing and the expiration or earlier termination of the Sublease.

 

(r)            With respect to the
290 Davidson Property, Assignor does not believe that it has received written notice
from the Landlord prior to June 1, 2004 that Assignor has failed to perform its
obligations as tenant under the 290 Davidson Lease to maintain the recreational
building roof.  If Assignee obtains
written evidence that such belief is incorrect, then Assignor shall be
responsible for any claims of the Landlord related to or arising out of that
failure.  This obligation shall survive
closing and the expiration or earlier termination of the 290 Davidson Sublease.

 

2

 

3.             Section 2(o).  Licenses, Permits and Violations.  Section 2(o) of the Contract is amended by adding the words,
“Except for those violations set forth on Schedule 2(o),” at the start of the
first sentence.

 

4.             Section 7. Miscellaneous.  Section 7(n) of the Contract is amended by
adding the following additional sentences immediately before the last sentence
of the subsection:  “Assignor represents
and warrants that it has sole title to the furniture free of security
interests, liens and encumbrances. 
Assignor agrees to indemnify and hold Assignee harmless against any
claims of title to or liens or security interests against the furniture.”

 

5.             No Other Revisions to Agreement.   Except as specifically modified and amended
by this First Amendment, all other provisions of the Contract shall remain the
same and in full force and effect.

 

6.             Counterparts.  This First Amendment may be executed in
multiple counterparts, each of which, when assembled to include an original
signature for each party contemplated to sign this First Amendment, will
constitute a complete and fully executed original.  All such fully executed original counterparts will collectively
constitute a single agreement.

 

[Remainder
of page is intentionally left blank.]

 

3

 

IN WITNESS WHEREOF, Assignor
and Assignee have respectively executed this Agreement on the date specified
below.

 

	
  Date Executed:

  	
  ASSIGNOR:

  	
   

  
	
   

  
	
  June 1, 2004

  	
  AT&T CORP., a New York corporation

  	
   

  
	
   

  
	
   

  
	
   

  	
  By:

  	
  /s/ Jack Colasurdo

  	
   

  	
   

  
	
   

  	
  Name: 
  Jack Colasurdo

  	
   

  
	
   

  	
  Title: 
  Global Real Estate Director

  	
   

  
	
   

  
	
   

  	
  ASSIGNEE:

  	
   

  
	
   

  	
   

  	
   

  
	
  June 1, 2004

  	
  Mack-Cali Realty Corporation, a Maryland

  	
   

  
	
   

  	
  corporation

  	
   

  
	
   

  
	
   

  
	
   

  	
  By:

  	
  /s/ Mitchell E. Hersh

  	
   

  	
   

  
	
   

  	
  Name: 
  Mitchell E. Hersh

  	
   

  
	
   

  	
  Title: 
  President and Chief Executive Officer

  	
   

  
						

 

4Exhibit
10.7

 

NOMINEE
AGREEMENT

 

AGREEMENT
made as of the 2nd day of April, 2004, between MACK-CALI REALTY CORPORATION, a Maryland
corporation having its principal place of business at 11 Commerce Drive,
Cranford, New Jersey 07016 (referred to herein as “Agent”), and MACK-CALI REALTY, L.P., a Delaware limited partnership having
its principal place of business at 11 Commerce Drive, Cranford, New Jersey
07016 (referred to herein as “Principal”).

 

W
I  T  N  E  S  S  E  T  H:

 

WHEREAS,
Principal has requested Agent to act as its nominee for the purposes of
entering into and performing the obligations and duties of the assignee under
that certain Master Assignment and Assumption Agreement (the “Assignment
Agreement”) dated April 2, 2004 between AT&T Corp., as assignor, and
Agent, as assignee, for the assignment and assumption of certain leases set
forth in the Assignment Agreement and related obligations.  The Assignment Agreement is attached hereto
as Exhibit A.

 

WHEREAS, Agent has
willingly agreed to act as a nominee for Principal with respect to the
obligations and duties of the assignee under the Assignment Agreement and all
documents executed pursuant thereto.

 

NOW,
THEREFORE, in consideration of the mutual covenants and
conditions hereinafter contained and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties do
hereby agree as follows:

 

1.             Principal hereby
appoints Agent to act as Principal’s nominee, and Agent hereby accepts such
appointment and agrees to perform such obligations and duties for and on behalf
of Principal as are set forth in the Assignment Agreement.

 

2.             Agent acknowledges
that Agent will be acting as the leasehold assignee in connection with the
performance of the Principal’s obligations and duties under the Assignment
Agreement, including but not limited to managing, maintaining and/or leasing
the leaseholds described therein (the “Leaseholds”) solely as nominee for and
on behalf of Principal.

 

3.             Principal shall have
and shall at all times continue to have all obligations, liabilities, benefits,
rights, privileges and indemnities accruing under or with respect to the
Assignment Agreement, and shall be liable for all acts of the Agent in
connection with the performance of its duties under the Assignment Agreement as
if such actions were undertaken directly by the Principal.

 

4.             Agent
shall have no discretionary authority to act for or on behalf of Principal
other than in its capacity as general partner of Principal.  Agent shall not do or

 

 

suffer to be done any act or omission with respect to the Assignment
Agreement, but shall perform only such acts as may be specifically requested by
Principal from time to time, including, without limitation, the following:

 

(a)           Upon
delivery of written instructions from Principal, Agent shall immediately cause
the Assignment Agreement to be assigned to Principal or to such other person,
persons or entities as Principal may, in Principal’s sole discretion,
designate.

 

(b)           Any
and all notices, statements and communications received by Agent as the
assignee with respect to the Leaseholds shall be promptly given to Principal.

 

(c)           If
Agent shall receive any funds advanced pursuant to the Assignment Agreement
and/or any contracts and documents executed in accordance therewith or
herewith, Agent shall disburse such funds in accordance with the directions of
Principal, either directly to Principal or to such persons, firms and/or
entities as Principal may, in Principal’s sole discretion, designate.  Agent shall account to Principal for all
funds so received by Agent on behalf of Principal in such reasonable manner as
Principal may from time to time require.

 

5.             Agent
agrees that Agent shall not, without prior written consent of Principal,
disclose the existence of the agency established hereby, or the fact that Agent
is the assignee with respect to the Leaseholds as nominee for Principal, to any
third party, except as required by law or to enforce any rights hereunder.

 

6.             The
authority and duties of Agent hereunder shall not be delegated or assigned by
Agent except at the written direction or with the prior written consent of
Principal.

 

7.             This
Agreement may be terminated by Principal or Agent at any time upon thirty (30)
days’ prior written notice to the other party. 
Upon termination, Agent shall execute and deliver to Principal or
Principal’s designee, all of Agent’s rights and interests held by Agent as
nominee pursuant hereto, as may reasonably be requested by Principal and as may
be reasonably necessary to assign the Assignment Agreement to Principal or
Principal’s designees.

 

8.             Principal
does hereby agree to well and truly indemnify and save harmless Agent from all
manner of suits, actions, damages, charges, expenses, including reasonable
attorneys’ fees and disbursements, that Agent may sustain by reason of having
entered into this Agreement and/or by reason of Agent acting as assignee and/or
by reason of Agent having delivered and executed this Agreement.

 

9.             All
notices, communications and directions hereunder shall be delivered personally
or sent by certified or registered mail to the parties at their aforesaid
addresses.

 

 

IN WITNESS WHEREOF, the parties hereto have
signed this Agreement as of the date first above written.

 

	
   

  	
  PRINCIPAL:

  
	
   

  	
   

  
	
   

  	
  MACK-CALI REALTY, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Mack-Cali Realty Corporation

  
	
   

  	
   

  	
  Its general partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Roger W. Thomas

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Roger W. Thomas

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President,

  
	
   

  	
   

  	
   

  	
  General Counsel and Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  AGENT:

  
	
   

  	
   

  
	
   

  	
  MACK-CALI REALTY CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Barry Lefkowitz

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Barry Lefkowitz

  
	
   

  	
   

  	
  Title:

  	
  Executive Vice President

  
	
   

  	
   

  	
   

  	
  and Chief Financial Officer

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