SEC Contract Filing

Filing Date: 2015-03-02

Document Content:
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<TYPE>EX-10.17
<SEQUENCE>2
<FILENAME>d843128dex1017.htm
<DESCRIPTION>EX-10.17
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.17 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TENTH AMENDMENT TO LEASE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Tenth Amendment to Lease (&#147;Amendment&#148;), dated for reference purposes only
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2014 is attached to and becomes a part of that Lease between <U>KWI Ashford Westchase Buildings, L.P., a Delaware limited partnership,</U> (hereinafter called
&#147;Landlord&#148;) and <U>Rignet, Inc.,</U> (hereinafter called &#147;Tenant&#148;). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>W I T N E S S E T H </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, under that certain lease agreement (the &#147;Lease&#148;) dated June&nbsp;17, 2003, Landlord leased to Tenant and Tenant leased from
Landlord office space consisting of approximately 3,638 rentable square feet in the office building known as Ashford Crossing II located at 1880 South Dairy Ashford, Houston, Texas (&#147;Leased Premises&#148;) for a term of Forty-one
(41)&nbsp;months ending December&nbsp;31, 2006 and was amended by First Amendment to Lease dated September&nbsp;19, 2003 wherein Tenant expanded by an additional 1,432 rentable square feet for a total of 5,070 rentable square feet; and, was amended
by Second Amendment to Lease dated October&nbsp;3, 2005 wherein Tenant expanded by an additional 2,363 rentable square feet known as Suite 570; and, was amended by Third Amendment to Lease dated January&nbsp;13, 2006 wherein Tenant relocated to
Suite 300 and expanded by 4,339 rentable square feet; and, was amended by Fourth Amendment to Lease dated March&nbsp;7, 2006 wherein Tenant expanded by an additional 928 rentable square feet known as Suite 140 and 355 rentable square feet for a
total of 13,055 rentable square feet; and, was amended by Fifth Amendment to Lease dated June&nbsp;19, 2006 wherein Tenant amortized additional improvements into the Base Rent; and, was amended by Sixth Amendment to Lease dated November&nbsp;5, 2009
wherein Tenant expanded by an additional 2,151 rentable square feet for a total of 15,206 rentable square feet; and, was amended by Seventh Amendment to Lease dated December&nbsp;10, 2010 wherein Tenant expanded by an additional 4,299 rentable
square feet for a total of 19,505 rentable square feet; and, was amended by Eighth Amendment to Lease dated October&nbsp;15, 2012, wherein Tenant expanded by an additional 9,669 rentable square feet for a total of 29,174 rentable square feet and
that certain Ninth Amendment to Lease dated September&nbsp;4, 2013 whereas the Leased Premises was expanded to 34,611 square feet of net rentable area, (collectively defined as the &#147;Lease Agreement&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Landlord and Tenant desire to amend said Lease as set forth herein; and, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, IT IS MUTUALLY COVENANTED AND AGREED AS FOLLOWS: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"><B><U>LEASED PREMISES</U></B>. Effective September&nbsp;1, 2015, the Leased Premises specified in Section&nbsp;1.02 of the Lease and Paragraph 1 of the Ninth Amendment to Lease, consists of approximately 34,611 rentable
square feet (&#147;Combined Lease Premises&#148;), as collectively shown on Exhibit A attached hereto. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"><B><U>TERM</U></B>. Landlord and Tenant mutually agree the lease term shall be extended for an additional thirty six (36)&nbsp;months commencing September&nbsp;1, 2015 (&#147;Commencement Date&#148;). </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"><B><U>BASE RENTAL</U></B>. Effective September&nbsp;1, 2015, the Base Rental for the Combined Lease Premises shall be as follows: </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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