Equinix - PAIX landlord lawsuit settled

On November 10, 2010, Switch and Data CA Nine LLC ("Tenant"), a wholly owned subsidiary of Equinix, Inc. ("Equinix"), and 529 Bryant Street Partners LLC ("Landlord"), entered into an agreement pursuant to which Landlord agreed to dismiss its lawsuit against Tenant, and waive and release all claims against Tenant related thereto, in respect of Tenant's lease of a data center located at 529 Bryant Street in Palo Alto, California. Landlord had filed a lawsuit in Santa Clara Superior Court against Tenant on September 10, 2010, as previously disclosed by Equinix on a Form 8-K filed September 17, 2010. In connection with the settlement, Tenant agreed to an increase in rent under the lease and Landlord agreed to certain improved non-monetary lease terms. Equinix also agreed to guaranty the obligations of Tenant under the lease.