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| CTCT > SEC Filings for CTCT > Form 8-K on 17-May-2012 | All Recent SEC Filings |
17-May-2012
Entry into a Material Definitive Agreement
On May 11, 2012, Constant Contact, Inc. (the "Company"), as tenant, entered into the First Amendment to Datacenter Lease (the "Amendment") with Digital 55 Middlesex, LLC ("Digital 55"), as landlord, an affiliate of Digital Realty Trust, Inc. The Amendment amends that certain Datacenter Lease by and between the Company and Digital 55, effective as of January 1, 2011 (the "Lease").
Under the Amendment, the Company will lease from Digital 55 an additional 1,225 square feet (the "Expansion Space") of caged area in that certain building located at 55 Middlesex Turnpike, Bedford, Massachusetts (the "Premises"), effective June 1, 2012. The Lease was also amended to increase the electricity consumption threshold to account for the Expansion Space. Effective as of June 1, 2012, the Company will pay Digital 55 additional base rent as follows under the Lease: $0.00 per month for months 18 - 25 of the Term (as defined in the Lease) (i.e. June 1, 2012-January 31, 2013); $41,496.00 per month for months 26 - 36 of the Term (i.e. February 1, 2013 - December 31, 2013); $42,741.00 per month for months 37 - 48 of the Term (i.e. January 1, 2014 - December 31, 2014); $44,023.00 per month for months 49 - 60 of the Term (i.e. January 1, 2015 - December 31, 2015); and $45,344.00 per month for months 61 - 72 of the Term (i.e. January 1, 2016 - December 31, 2016).
The foregoing summary of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
On May 11, 2012, the Company, as tenant, and Digital 55, as landlord, also entered into the 55 Middlesex Turnpike Office Space Rider, which supplements the Lease (the "Rider"). Under the Rider, the Company will lease from Digital 55 an additional 135 square feet of space in the Premises (the "Rider Space"). The Company will not pay Digital 55 any additional base rent for the Rider Space. The term of the Rider is coterminous with the Term.
The foregoing summary of the Rider does not purport to be complete and is qualified in its entirety by reference to the Rider, a copy of which is filed as Exhibit 10.2 to this Current Report on Form 8-K.
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