Letter Agreement for Extension of Sublease Term between GlassHouse Technologies, Inc. and NMS Communications Corporation
GlassHouse Technologies, Inc. notifies NMS Communications Corporation of its decision to extend the term of their existing sublease for one additional year, starting December 1, 2005, at an annual fixed rent of $180,090. This letter serves as formal notice under the terms of their sublease agreement. Both parties acknowledge and agree to the extension, continuing their landlord-tenant relationship under the same terms for the extended period.
Exhibit 10.24
May 31, 2005
NMS Communications Corporation
100 Crossing Boulevard
Framingham, MA 01702
Dear Friends:
Pursuant to the Second Sublease Agreement Amendment dated April 7, 2004, amending the Sublease Agreement between our two companies, dated October 30, 2002, as previously amended (the Sublease), GlassHouse Technologies, Inc. has an option to extend the Term of the Sublease for an additional one year period commencing December 1, 2005, at an Annual Fixed Rent of $180,090.
Please accept this letter as our notice, pursuant to Section 19 (d) of the Sublease, to exercise such option and extend the term for an additional year commencing December 1, 2005, at the Annual Fixed Rental of $ 180,090.
We appreciate the good landlordtenant relationship that we have enjoyed and look forward to its continuation.
Kindly sign and return the enclosed copy of this letter to acknowledge your receipt of this notice.
Thank you for your consideration.
Sincerely yours, | ||
GlassHouse Technologies, Inc. | ||
By: | /s/ Ken Hale | |
Ken Hale, Chief Financial Officer |
Receipt Acknowledged | ||
NMS Communications Corporation | ||
By: | /s/ Jamie Toale | |
Title/Date: | Vice President May 31, 2005 |
cc: | NMS Communications Corporation |
100 Crossing Boulevard
Framingham, MA 01702
Attn: VP & General Counsel