SEC Contract Filing

Filing Date: 2015-05-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>exhibit103gcear2-datacente.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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 <title>Exhibit 10.3 GCEAR2 - Data Center Lease Amendment</title>
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<a name="s150eb96880224d27834300d073541547"></a><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.3</font></div></div><br><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">FIRST AMENDMENT TO SPLIT LEASE</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:10px;text-indent:45px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">THIS FIRST AMENDMENT TO SPLIT LEASE (this </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">"First Amendment</font><font style="font-family:inherit;font-size:10pt;">") is made effective as of the 22nd day of July, 2014, by and between PFRS 3151 BEHREND DRIVE CORP., a Michigan corporation (&#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Lessor</font><font style="font-family:inherit;font-size:10pt;">"), and AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., a New York corporation (&#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Lessee</font><font style="font-family:inherit;font-size:10pt;">"), with reference to the following:</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:9px;text-align:justify;text-indent:45px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:41px;">A.</font><font style="font-family:inherit;font-size:10pt;">IPC Phoenix Title, L.L.C., a Delaware limited liability company (Lessor's predecessor-in-interest under the Lease, as herein defined) (&#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Original Lessor</font><font style="font-family:inherit;font-size:10pt;">"), and Lessee entered into that certain Lease Agreement dated July 27, 2005 (the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Original Lease</font><font style="font-family:inherit;font-size:10pt;">"), for the lease of the 300,000 rentable square foot building (the &#8220;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Building</font><font style="font-family:inherit;font-size:10pt;">") and real property located at 3151 W. Behrend Drive, Phoenix, Arizona, as more particularly described in the Lease.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:9px;text-align:justify;text-indent:45px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:41px;">B.</font><font style="font-family:inherit;font-size:10pt;">Thereafter (i) Original Lessor and Lessee entered into that certain Lease Agreement dated August 23, 2005 (the "</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Split Lease</font><font style="font-family:inherit;font-size:10pt;">"), for the lease of a 93% undivided interest in the aforementioned Building and real property, and (ii) Original Lessor and Ameriprise Financial, Inc. entered into that certain Lease Agreement dated August 23, 2005 (the "</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">AMP Lease</font><font style="font-family:inherit;font-size:10pt;">"), for the lease of a 7% undivided interest in the aforementioned Building and real property.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:9px;text-align:justify;text-indent:45px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:41px;">C.</font><font style="font-family:inherit;font-size:10pt;">The Split Lease and the AMP Lease both expire on July 31, 2015, but the AMP lease contains no renewal rights, and the Split Lease provides that if Lessee renews the Split Lease and continues to occupy the Building after July 31, 2015, the AMP Lease and the Split Lease shall be merged.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:10px;text-align:justify;text-indent:45px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:40px;">D.</font><font style="font-family:inherit;font-size:10pt;">Lessor and Lessee desire by this First Amendment to amend the Split Lease in order to (i) cause the AMP Lease to be merged into the Split Lease pursuant to Section 5.2 of the Split Lease, (ii) extend the Term, (iii) provide for a revised Base Rent, and (iv) further amend, modify and supplement the Lease as set forth herein.</font></div><div style="line-height:120%;padding-top:0px;text-align:left;