LIVEPERSON INC
EX-10.5.1
<DOCUMENT>
<TYPE>EX-10.5.1
<SEQUENCE>3
<FILENAME>j2102_ex10d5d1.htm
<DESCRIPTION>EX-10.5.1
<TEXT>
<html>



<head>



<title>Prepared by MERRILL CORPORATION</title>



</head>



<body style="text-justify-trim:punctuation">



<div class="Section1">



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><b><u><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-weight:bold">EXHIBIT&#160; 10.5.1</font></font></u></b></p>



<p align="center" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><b><u><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-weight:bold">SURRENDER

AGREEMENT</font></font></u></b></p>



<p align="center" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-weight:bold">THIS

SURRENDER AGREEMENT</font></font></b><font size="2"><font style="font-size:10.0pt;"> (this &quot;<u>Agreement</u>&quot;), is made as of

the 20th day of September, 2001, by and between <b><font style="font-weight:bold">VORNADO 330 WEST 34<sup>TH</sup> STREET

L.L.C., </font></b>&#160;a Delaware limited

liability company, having an office c/o Vornado Office Management LLC, 330

Madison Avenue, New York, New York 10017 (&quot;<u>Landlord</u>&quot;), and<b><font style="font-weight:bold"> LIVEPERSON

INC.</font></b>, a Delaware corporation, having an office at 330 West 34<sup>th</sup>

Street, New York, New York 10001 (&quot;<u>Tenant</u>&quot;).</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p align="center" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><b><u><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-weight:bold">W I T N E S S E T H:</font></font></u></b></p>



<p align="center" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-weight:bold">WHEREAS,</font></font></b><font size="2"><font style="font-size:10.0pt;"> by Agreement

of Lease, dated as of March 10, 2000 (the &quot;<u>Lease</u>&quot;), Landlord

did demise and let unto Tenant, and Tenant did hire and take from Landlord, the

Seventh Floor Space and the Tenth Floor Space (the Seventh Floor Space and the

Tenth Floor Space are sometimes collectively referred to herein as the &quot;<u>Premises</u>&quot;),

as more particularly identified in the Lease, of the building known as and by

the street address of 330 West 34<sup>th</sup> Street, New York, New York; and</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-weight:bold">WHEREAS,</font></font></b><font size="2"><font style="font-size:10.0pt;"> Tenant desires

to surrender to Landlord the Lease and the Premises and Landlord agrees to

accept such surrender, all upon the terms and conditions as set forth herein.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-weight:bold">NOW,

THEREFORE,</font></font></b><font size="2"><font style="font-size:10.0pt;"> in consideration of the mutual covenants contained

herein, and of the sum of Ten Dollars ($10) paid by Tenant to Landlord, and for

other good and valuable consideration, the mutual receipt and legal sufficiency

of which are hereby acknowledged, the parties hereto, for themselves, their

legal representatives, successors and assigns, hereby agree as follows:</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';"><br clear="all" style="page-break-before:always">

</font></font>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Definitions</u>.&#160;&#160; All capitalized terms used herein shall

have the meanings ascribed to them in the Lease, unless otherwise defined

herein.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Surrender</u>.&#160; (a)&#160;&#160;

Effective as of the date hereof&#160;

(the &quot;<u>Surrender Date</u>&quot;), Tenant shall vacate, quit and

surrender possession of the Premises to Landlord, and to the intent and purpose

that the remainder of the term of the Lease be wholly merged and extinguished

effective as of the Surrender Date, Tenant hereby gives, grants and surrenders

to Landlord all of Tenant's right, title and interest in, to and under the

Lease.&#160; As of the Surrender Date, the

Lease and the term thereof and all rights of Tenant thereunder shall expire and

terminate with the same effect as if the Surrender Date was the Expiration Date

as set forth in the Lease.&#160; The Tenth Floor

Space shall be surrendered in &#147;as is&#148; condition, except for the requirements

that Tenant leave the Tenth Floor Space in broom clean condition and that

Tenant leave all of its furniture (excluding ten (10) six foot (6') high filing

cabinets) in the Tenth Floor Space.&#160; The

Seventh Floor Space shall be surrendered in its &#147;as is&#148; condition as of the

Surrender Date.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">(b)&#160; Tenant represents and

warrants to Landlord that:&#160; (1) Tenant

is the present tenant under the Lease and Tenant has not assigned, conveyed,

encumbered, pledged, sublet or otherwise transferred, in whole or in part, its

interest in the Lease, nor shall Tenant do any of the foregoing prior to the

Surrender Date, (2) there are no persons or entities claiming under Tenant, or

who or which may claim under Tenant, any rights of possession with respect to

the Premises, and (3) Tenant has the right, power and authority to execute and

deliver this Agreement and to perform Tenant's obligations hereunder, and this

Agreement is a valid and binding obligation of Tenant enforceable against

Tenant in accordance with the terms hereof.&#160;

The foregoing representations and warranties shall survive the Surrender

Date.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';"><br clear="all" style="page-break-before:always">

</font></font>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">(c)&#160; Effective as of the

Surrender Date, Tenant shall release Landlord and its successors and assigns

from all claims, obligations and liabilities of every kind and nature

whatsoever, arising out of, or in connection with, the Premises or the

Lease.&#160; Notwithstanding the foregoing,

Landlord shall not be released from any obligation, covenant, representation or

warranty contained in this Agreement and the Lease, which by the terms of this

Agreement or the Lease is specifically stated to survive the surrender of the

Lease.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">(d)&#160; Effective as of the

Surrender Date, Landlord shall release Tenant and its successors and assigns

from all claims, obligations and liabilities of every kind and nature

whatsoever arising out of, or in connection with, the Premises or the Lease

relating to the period from and after the Surrender Date.&#160; Notwithstanding the foregoing, Tenant shall

not be released from any obligation, covenant, representation or warranty

contained in this Agreement and the Lease, which by the terms of this Agreement

or the Lease is specifically stated to survive the surrender of the Premises

and the termination of the Lease.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">(e)&#160; Tenant shall pay to

Landlord on the Surrender Date (1) an amount equal to Fifteen Thousand Dollars

($15,000), in the form of a bank check or by wire, as consideration for

Landlord&#146;s execution of this Agreement and acceptance of the Premises, and (2)

Tenant hereby waives and hereby disclaims any right, title and interest Tenant

may have for any and all sums remaining in the Tenth Floor Space Tenant Fund,

which the parties agree is approximately One Hundred Forty Thousand and 00/100

Dollars ($140,000.00).&#160; If, at any time

after the Surrender Date, it shall be determined that any Fixed Rent,

additional rent, all other items of rental or other sums and charges shall have

been due and payable for any period prior to the Surrender Date, Tenant shall

pay such amounts to Landlord within ten (10) days after rendition of a bill

therefor.&#160; In addition, the obligation

of Tenant under the Lease to pay escalations of any sort with respect to the

Premises (including, but not limited to the Tax Payment, the Operating Expense

Payment and payments on account of electricity, whether or not such payments

are called additional rent), which shall have accrued prior to the Surrender

Date, shall survive the Surrender Date.&#160;

Tenant acknowledges that it has paid Rental through September 30, 2001,

and that even though Tenant is surrendering the Premises as of the Surrender

Date, there shall be no apportionment of Rental for the month of September

2001, nor shall any prepaid portion of Rental be refunded to Tenant.&#160; The terms and provisions of this Paragraph

2(e) shall survive the surrender of the Premises.&#160; Notwithstanding the foregoing, Landlord and Tenant acknowledge

that if this Agreement is executed and delivered after September 30, 2001, then

for any period commencing on October 1, 2001, and continuing through and until

the date this Agreement is executed and delivered, Fixed Rent and additional

rent shall be adjourned, and Tenant shall only be obligated for the payment of

electricity and other similar charges for other utilities; provided however, if

the Condition is not satisfied or waived by Landlord and this Agreement becomes

null and void, Tenant agrees to pay to Landlord within two (2) days of the

termination of this Agreement, any Fixed Rent and additional rent due for the

period commencing October 1, 2001, through and including the date this

Agreement terminates.&#160; In such event

Tenant&#146;s obligation to pay Fixed Rent, additional rent and other charges shall

continue from and after the date this Agreement terminates, through and

including the end of the Term.</font></font></p>



<font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';"><br clear="all" style="page-break-before:always">

</font></font>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.5in;">&nbsp;</p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Tenant (1) shall

pay all transfer taxes, if any, imposed by any governmental authority in

connection with the surrender of the Premises, including, without limitation,

any City Transfer Tax and State Transfer Tax (each as hereinafter defined), and

(2) does hereby agree to indemnify and hold Landlord harmless of and from any

transfer taxes imposed by any governmental authority by reason of the surrender

of the Premises including, without limitation, the City Transfer Tax and State

Transfer Tax, if any, and all expenses related thereto, including, without

limitation, reasonable attorneys' fees and disbursements.&#160; Landlord and Tenant shall each complete, execute

and deliver, within seven (7) days after request by either party of the other

party, any questionnaire, affidavit or document with respect to the tax imposed

by Title 11, Chapter 21 of the New York City Administrative Code (the &quot;<u>City

Transfer Tax</u>&quot;) and Article 31 of the Tax Law of the State of New York

(the &quot;<u>State Transfer Tax</u>&quot;), required to be completed, executed

and delivered by Landlord and Tenant with respect to the transactions

contemplated by this Amendment, and the taxes, if any, shown thereby to be due

shall be paid by Tenant when required by applicable law or regulation.&#160; The provisions of this Paragraph 2(f) shall

survive the Surrender Date.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; If as of the

Surrender Date Tenant has (i) fully satisfied its obligations under section

2(e) hereof, and (ii) delivered a Bill of Sale for all of the furniture located

in the Premises to Bank of New York, then on the Surrender Date, Landlord shall

deliver to Tenant the Letters of Credit securing&#160; the Seventh Floor Space Security Amount and the Tenth Floor Space

Security Amount and a letter to the institution issuing the Letters of Credit

stating that Landlord has no further right, title or interest in the Letters of

Credit.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.5in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Landlord and

Tenant, each upon the request of the other, at any time and from time to time

hereafter and without further consideration, shall execute, acknowledge and

deliver to the other any instruments or documents, or take such further action,

as shall be reasonably requested or as may be necessary to more effectively

assure the surrender of the Premises, and the full benefits intended to be

created by this Agreement.</font></font></p>



<font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';"><br clear="all" style="page-break-before:always">

</font></font>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.5in;">&nbsp;</p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Conditions</u>.&#160; Landlord and Tenant hereby expressly

acknowledge and agree that this Agreement is conditioned upon the unconditional

execution and delivery by Landlord and Bank of New York (&#147;<u>BONY</u>&quot;) of

a license agreement between Landlord and BONY with respect to the Premises and

the seventeenth (17th) and eighteenth (18th) floors of the Building on terms

and conditions acceptable to Landlord in its sole discretion, (the aforesaid

event being hereinafter referred to as the &quot;<u>Condition</u>&quot;), and

shall be of no force and effect unless and until the Condition is satisfied; it

being understood and agreed however, that if for any reason whatsoever, the

Condition is not satisfied or waived by Landlord on or before the date which is

seven (7) days after the date hereof, this Agreement shall be void <u>ab</u> <u>initio</u>,

and be of no force and effect, and Landlord and Tenant shall have no

obligations or liability to the other respective parties under this Agreement.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';"><br clear="all" style="page-break-before:always">

</font></font>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Broker</u>.&#160; Tenant represents and warrants to Landlord

that it has not dealt with any broker, finder or like agent in connection with

this Agreement other than Cushman &amp; Wakefield, Inc. (&#147;<u>Broker</u>&#148;).&#160; Tenant does hereby indemnify and hold

Landlord harmless of and from any and all losses, costs, damages or expenses

(including, without limitation, attorneys fees and disbursements) incurred by

reason of any claim of or liability to any broker, finder or like agent

(including Broker), who shall claim to have dealt with Tenant in connection

herewith.&#160; Tenant shall pay Broker all

commissions, fees and other compensation in connection with this Agreement (but

not in connection with the license agreement more particularly described in Paragraph

3 hereof) pursuant to a separate agreement between Tenant and Broker.&#160; The provisions of this Paragraph 4 shall

survive the surrender of the Premises and the termination of the Lease.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Authorization</u>.&#160; Each party represents and warrants to the

other party that its execution and delivery of this Agreement has been duly

authorized and that the person executing this Agreement on behalf of such party

has been duly authorized to do so, and that no other action or approval is

required with respect to this transaction.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Prior

Agreement</u>.&#160; The parties agree that

this Agreement supercedes the Partial Surrender and Amendment of Lease between

Landlord and Tenant dated June 14, 2001.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Counterparts</u>.&#160; This Surrender Agreement may be executed in

two or more counterparts, each of which, when so executed and delivered shall

be deemed to be an original, but in all such counterparts shall constitute one

and the same agreement.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Binding Effect</u>.&#160; This Surrender Agreement shall not be

binding upon or enforceable against Landlord unless and until Landlord, it its

sole discretion, shall have executed and unconditionally delivered to Tenant an

executed counterpart of this Agreement.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<p align="center" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">(THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK)</font></font></p>



<font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-family:'Times New Roman';"><br clear="all" style="page-break-before:always">

</font></font>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:1.0in;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-weight:bold">IN WITNESS

WHEREOF</font></font></b><font size="2"><font style="font-size:10.0pt;">, the parties hereto have executed this Surrender Agreement as of the

date first above written.</font></font></p>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



<table width="100%" style="width:100.0%;

 border-collapse:collapse;">

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="65%" colspan="4" valign="top" style="width:65.58%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-weight:bold">VORNADO 330 WEST 34<sup>TH</sup>

  STREET L.L.C.</font></font></b><font size="2"><font style="font-size:10.0pt;">, Landlord</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="31%" colspan="3" valign="top" style="width:31.46%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="34%" valign="top" style="width:34.12%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="65%" colspan="4" valign="top" style="width:65.58%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">By:

  &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Vornado Realty L.P., sole

  member</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="31%" colspan="3" valign="top" style="width:31.46%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="34%" valign="top" style="width:34.12%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="65%" colspan="4" valign="top" style="width:65.58%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; By:&#160; Vornado Realty Trust, general partner</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="16%" colspan="2" valign="top" style="width:16.68%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="48%" colspan="2" valign="top" style="width:48.9%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="16%" colspan="2" valign="top" style="width:16.68%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="48%" colspan="2" valign="top" style="width:48.9%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="16%" colspan="2" valign="top" style="width:16.68%;padding:0in .7pt .7pt .7pt">

  <p align="right" style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">By:</font></font></p>

  </td>

  <td width="48%" colspan="2" valign="top" style="width:48.9%;border:none;

  border-bottom:solid windowtext .5pt;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; /s/ JOSEPH MACNOW</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="16%" colspan="2" valign="top" style="width:16.68%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="48%" colspan="2" valign="top" style="width:48.9%;border:none;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Joseph

  Macnow</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="16%" colspan="2" valign="top" style="width:16.68%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="48%" colspan="2" valign="top" style="width:48.9%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Executive

  Vice President - Finance and</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="16%" colspan="2" valign="top" style="width:16.68%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="48%" colspan="2" valign="top" style="width:48.9%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Administration

  and Chief Financial Officer</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="16%" colspan="2" valign="top" style="width:16.68%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="48%" colspan="2" valign="top" style="width:48.9%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="65%" colspan="4" valign="top" style="width:65.58%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><b><font size="2" face="Times New Roman"><font style="font-size:10.0pt;font-weight:bold">LIVEPERSON, INC.,</font></font></b><font size="2"><font style="font-size:10.0pt;"> Tenant</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="2%" valign="top" style="width:2.94%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="62%" colspan="3" valign="top" style="width:62.64%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="2%" valign="top" style="width:2.94%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="62%" colspan="3" valign="top" style="width:62.64%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="2%" valign="top" style="width:2.94%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">By:</font></font></p>

  </td>

  <td width="62%" colspan="3" valign="top" style="width:62.64%;border:none;

  border-bottom:solid windowtext .5pt;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; /s/ TIMOTHY E. BIXBY</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="2%" valign="top" style="width:2.94%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="62%" colspan="3" valign="top" style="width:62.64%;border:none;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Name:&#160;&#160;&#160;&#160; Timothy Bixby</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="2%" valign="top" style="width:2.94%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="62%" colspan="3" valign="top" style="width:62.64%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Title:&#160;&#160;&#160;&#160;&#160;&#160; President and Chief Financial Officer</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="2%" valign="top" style="width:2.94%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="62%" colspan="3" valign="top" style="width:62.64%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

 </tr>

 <tr>

  <td width="34%" valign="top" style="width:34.42%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="2%" valign="top" style="width:2.94%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;">&nbsp;</p>

  </td>

  <td width="62%" colspan="3" valign="top" style="width:62.64%;padding:0in .7pt .7pt .7pt">

  <p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">Fed.

  I.D. No.: 13-3861628</font></font></p>

  </td>

 </tr>

 <tr>

  <td width="248" style="border:none"></td>

  <td width="21" style="border:none"></td>

  <td width="99" style="border:none"></td>

  <td width="107" style="border:none"></td>

  <td width="246" style="border:none"></td>

 </tr>

</table>



<p style="font-size:12.0pt;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-autospace:none;text-indent:2.0in;"><font size="2" face="Times New Roman"><font style="font-size:10.0pt;">&nbsp;</font></font></p>



</div>



</body>



</html>


</TEXT>
</DOCUMENT>
