EX-5.3 5 doc4.txt FIRST AMENDMENT TO EQUIPMENT LEASE AGREEMENT THIS FIRST AMENDMENT TO EQUIPMENT LEASE AGREEMENT (this "AMENDMENT") is made as of August 9, 2002 (the "EFFECTIVE DATE"), by and between InPhonic, Inc., a Delaware corporation ("LESSOR"), and Appiant Technologies, Inc., a Delaware corporation ("LESSEE"). WHEREAS, Lessor and Lessee entered into that certain Equipment Lease Agreement dated July 12, 2002 (the "ORIGINAL AGREEMENT" and the Original Agreement, as amended by this Amendment, the "AGREEMENT"); and WHEREAS, Lessor and Lessee desire to amend the Original Agreement in accordance with the terms hereof. NOW, THEREFORE, in consideration of the mutual promises and covenants contained in the Original Agreement and this Amendment, the parties agree as follows: 1. Definitions. All capitalized terms used herein without definition ----------- shall have the meanings ascribed to such terms in the Original Agreement. 2. Amendment. A new Section 15 is hereby added to the Original Agreement --------- as follows: 15. Special Termination. Lessor and Lessee have entered into that certain ------------------------ Master Services Agreement dated March 22, 2001, as amended pursuant to the that certain First Amendment to Master Services Agreement dated August 9, 2002 (the "MSA"). Notwithstanding anything herein to the contrary, immediately upon the occurrence of any of the events set forth in Section 4(a)(iv)(A)(1-6) of the MSA and at any time thereafter, Lessor, at its sole discretion, may terminate this Lease and take possession of the Equipment. In such event, Lessee shall have no obligation to make further Rent Payments (other than amounts due and owing for the period prior to the termination of the Lease) and Lessee shall no longer have the purchase option described in Section 2 above. 3. No Modification. Except as set specifically amended hereby, the ---------------- Original Agreement shall remain in full force and effect. 4. Choice of Law. THIS AMENDMENT SHALL BE GOVERNED BY THE INTERNAL LAWS --------------- OF DELAWARE. 5. Counterparts. This Amendment may be executed in one or more duplicate ------------ originals, all of which together shall be deemed one and the same instrument. Each party shall have the right to rely on facsimile signatures from the other party. LESSEE: APPIANT TECHNOLOGIES INC. LESSOR: INPHONIC, INC. ------------------------------ ------------------------------ SIGNATURE /s/ Douglas S. Zorn SIGNATURE /s/ Harold S. Wills ------------------------------ ------------------------------ TITLE President & CEO DATE TITLE DATE ---------------------- ---- ----- ----