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Exhibit 10.48
July 26, 2000
ADDENDUM NO. 3
TO
LEASE AGREEMENT
Whereas Verilink Corporation (as successor to TxPort, Inc.) and Industrial
Properties of the South (IPS), an Alabama General Partnership, as Lessor, and
Verilink Corporation (as successor to TxPort, Inc.), as Lessee, did execute a
Lease Agreement for 21,875 square feet at 127 Jetplex Circle, Madison, Alabama
35758 dated June, 1993 and made effective September 22, 1993, which has now been
increased to 37,500 square feet.
And now, with this addendum, an extension is contracted for the period December
31, 2000 through February 28, 2001.
The rent for this time period will remain the same rate, $3.85 per s.f. per
year.
37,500 square feet x $3.85 per s.f. = $144,375.00 (annually) divided by 12 =
$12,031.25 (monthly)
All other terms and conditions of the lease remain in effect.
Verilink Corporation Industrial Properties of the South
C. W. Smith
By: /s/ C. W. Smith By: /s/ Charlene B. Graham
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Title: VP & Corporate Controller Title: Managing Partner
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Date: 8/10/00 Date: 8/17/2000
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Prepared by:
Industrial Properties of the South
2903 Wall Triana Hwy., Suite 7
Huntsville, AL 35824
