Termination Agreement of Lease for 1015 31st Street NW, Washington, DC between Cogent Communications, Inc. and Niobium LLC
Cogent Communications, Inc. (Tenant) and Niobium LLC (Landlord) have agreed to end their lease for the property at 1015 31st Street NW, Washington, DC. The lease will terminate on April 30, 2015, or when the tenant vacates the premises, whichever is later. After this date, the tenant will not owe any further rent or charges, and any prepaid amounts will be refunded on a prorated basis. The agreement was signed on April 16, 2015.
Exhibit 10.2
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| Termination Agreement of the Lease Agreement |
Cogent Communications, Inc. (Tenant) and Niobium LLC (Landlord) hereby agree to terminate the Lease Agreement between Landlord’s predecessor-in-interest 6715 Kenilworth Avenue Partnership and Cogent Communications, Inc. (Tenant) dated September 1, 2000, for premises at 1015 31st Street NW, Washington, DC as amended (Lease Agreement) and agree as follows:
The Lease Agreement shall terminate effective as of the later of (a) April 30, 2015; or (b) the date Tenant actually vacates the space leased pursuant to the Lease Agreement. Upon the effective date of any such termination Tenant shall no longer be obligated to pay rent or other charges and any advance rent payments or other charges shall be refunded to Tenant based on proration through the effective date of termination.
Executed as of the 16th day of April 2015.
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| Cogent Communications, Inc. |
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| /s/ Thaddeus G. Weed |
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| Thaddeus Weed |
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| Chief Financial Officer |
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| Landlord: Niobium LLC |
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| /s/ Dave Schaeffer |
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| Dave Schaeffer |
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| Managing Member |
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