EXHIBIT 10.23
ACKNOWLEDGMENT, CONSENT
AND REAFFIRMATION OF GUARANTOR OF LEASE
THIS
ACKNOWLEDGMENT, CONSENT AND REAFFIRMATION OF GUARANTOR OF LEASE
(the “Consent”), is made this 3 rd day of
June, 2008, by PREMIERE GLOBAL SERVICES, INC.
(“Guarantor”), to and for the benefit of 3280 PEACHTREE
I LLC (“Landlord”).
WITNESSETH :
WHEREAS, Guarantor
did duly execute and deliver that certain Guaranty of Lease (the
“Original Guaranty”), on October 28, 2005, in
connection with and as a material inducement for that certain Lease
Agreement, as may have been amended previously (the “Original
Lease”), involving Landlord and Xpedite Systems, LLC, d/b/a
Premiere Global Services (“Tenant”).
WHEREAS, Landlord
and Tenant have entered into an amendment to the Original Lease
(the “Lease Amendment”), dated June 3, 2008 subject to
and conditioned upon the execution and delivery of this
Consent.
WHEREAS, Landlord
would not have entered into or agreed to the Lease Amendment, were
it not for the execution and delivery of this Consent to Landlord,
which Consent was a material inducement to Landlord to enter into
the Lease Amendment.
WHEREAS,
Guarantor, which will derive material and substantial benefit from
the Lease Amendment, desires to provide
