Exhibit 10.3

 

LEASE

 

Between

 

One Wheeler Road Associates

 

and

 

Aspen Technology, Inc.

 

for 60,177 Square Feet at

 

200 Wheeler Road

 

Burlington, Massachusetts

 

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INDEX

 

REFERENCE DATA

1

 

 

1.1

Subjects Referred To:

1

1.2

Exhibits

4

 

 

 

ARTICLE II PREMISES AND TERM

5

 

 

2.1

Premises

5

2.2

Term

6

 

 

 

ARTICLE III CONSTRUCTION

6

 

 

3.1

Initial Construction

6

3.2

Preparation Of Premises For Occupancy

9

3.3

General Provisions Applicable To Construction

10

3.4

Representatives

11

3.5

Force Majeure

11

3.6

Arbitration By Architects

12

3.7

Warranty Of Landlord’s Work

12

 

 

 

ARTICLE IV RENT

12

 

 

4.1

Rent

12

4.2

Operating Cost Escalation

13

4.3

Payments

19

 

 

 

ARTICLE V LANDLORD’S COVENANTS

19

 

 

5.1

Landlord’s Covenants During The Term

19

 

5.1.1

Building Services

19

 

5.1.2

Additional Building Services

19

 

5.1.3

Repairs

19

 

5.1.4

Quiet Enjoyment

20

 

5.1.5

Landlord’s Compliance With Laws

20

 

5.1.6

Landlord’s Insurance

21

 

5.1.7

Landlord’s Indemnity

21

 

5.1.8

Hazardous Materials

22

 

5.1.9

Tenant’s Costs

22

 

5.1.10

Building Operations

23

 

5.1.11

Tenant’s Trade Fixtures

23

5.2

Interruptions

23

 

 

 

ARTICLE VI TENANT’S COVENANTS

24

 

 

6.1

Tenants Covenants During The Term

24

 

6.1.1

    Tenant’s Payments

24

 

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6.1.2

Repairs and Yielding Up

24

 

6.1.3

Occupancy and Use

25

 

6.1.4

Rules and Regulations

25

 

6.1.5

Compliance with Laws and Safety Appliances

25

 

6.1.6

Assignment and Subletting

26

 

6.1.7

Indemnity

28

 

6.1.8

Tenant’s Liability Insurance

29

 

6.1.9

Tenant’s Workmen’s Compensation Insurance

29

 

6.1.10

Landlord’s Right of Entry

29

 

6.1.11

Loading

29

 

6.1.12

Landlord’s Costs

30

 

6.1.13

Tenant’s Property

30

 

6.1.14

Labor or Materialmen’s Liens

30

 

6.1.15

Changes or Additions

30

 

6.1.16

Holdover

32

 

6.1.17

Hazardous Materials

32

 

6.1.18

Signs and Advertising

33

 

6.1.19

Tenant’s Authority

33

 

6.1.20

Confidentiality

33

 

 

 

 

ARTICLE VII CASUALTY AND TAKING

34

 

 

7.1

Casualty And Taking

34

7.2

Reservation Of Award

36

7.3

Additional Casualty Provisions

37

 

 

 

ARTICLE VIII RIGHTS OF MORTGAGE

37

 

 

8.1

Priority Of Lease

37

8.2

Limitation On Mortgagee’s Liability

38

8.3

Mortgagee’s Election

38

8.4

No Prepayment Or Modification, Etc.

38

8.5

No Release Or Termination

39

8.6

Continuing Offer

39

8.7

Submittal Of Financial Statement

39

 

 

 

ARTICLE IX DEFAULT

39

 

 

9.1

Events Of Default By Tenant

39

9.2

Tenant’s Obligations After Termination

40

 

 

 

ARTICLE X MISCELLANEOUS

41

 

 

10.1

Titles

41

10.2

Notice Of Lease

42

10.3

Notices From One Party To The Other

42

10.4

Bind And Insure

42

10.5

No Surrender

42

 

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10.6

No Waiver, Etc.

42

10.7

No Accord And Satisfaction

43

10.8

Cumulative Remedies

43

10.9

Partial Invalidity

43

10.10

Landlord’s Right To Cure

43

10.11

Estoppel Certificate

44

10.12

Waiver Of Subrogation

44

10.13

Brokerage

44

10.14

Parking

45

10.15

400 And 600 Wheeler Road

45

10.16

Access

45

10.17

Entire Agreement

45

10.18

Governing Law

45

10.19

Additional Representations

45

10.20

Covenants Independent

46

10.21

Rooftop Communication Equipment

46

10.22

Reduction Of Premises

47

10.23

5th And 6th Floor Premises

48

 

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Date of Lease Execution: May           , 2007

 

REFERENCE DATA

 

1.1           SUBJECTS REFERRED TO:

 

Each reference in this Lease to any of the following subjects shall incorporate
the data stated for that subject in this Section 1.1.

 

LANDLORD:

 

One Wheeler Road Associates, a Massachusetts limited partnership

 

 

 

MANAGING AGENT:

 

The Gutierrez Company

 

 

 

LANDLORD’S AND MANAGING
AGENT’S ADDRESS:

 

Burlington Office Park
One Wall Street
Burlington, MA 01803

 

 

 

LANDLORD’S REPRESENTATIVE:

 

John A. Cataldo

 

 

 

LANDLORD’S CONSTRUCTION REPRESENTATIVES:

 

Arthur J. Gutierrez, Jr., Douglas L. Fainelli or Dennis G. Bailey

 

 

 

TENANT:

 

Aspen Technology, Inc., a Delaware corporation

 

 

 

TENANT’S ADDRESS (FOR NOTICE & BILLING) prior to the Term Commencement Date:

 

Irwin Weiss, Chief Information Officer
Aspen Technology, Inc.
10 Canal Park
Cambridge, MA 02141

 

 

 

TENANT’S ADDRESS (FOR NOTICE & BILLING) after the Term Commencement Date:

 

200 Wheeler Road
Burlington, MA 01803

 

 

 

TENANT’S REPRESENTATIVE:

 

Michael G. Morris, Managing Director
Newmark Knight Frank
125 Park Avenue
New York, NY 10017
Direct Tel: (212) 372-2260
Fax: (212) 372-2405
Email: mmoris@newmarkkf.com

 

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TENANT’S CONSTRUCTION
REPRESENTATIVE(S):

 

Tracey A. Williams, Project Director
Fox Relocation Management Corp.
76 Dorrance Street, Suite 300
Providence, RI 02903
Office: (401) 273-7967
Mobile: (401) 447-1698
Email: (twilliams@foxcorp.com)

 

 

 

GUARANTOR:

 

Not Applicable.

 

 

 

 

 

 

 

BUILDING:

 

Six (6) story building consisting of 250,428 rentable square feet located at 200
Wheeler Road, Burlington, Massachusetts, upon the lot identified on Exhibit A of
Exhibit I attached hereto (the “Lot”).

 

 

 

RENTABLE FLOOR AREA OF
TENANT’S SPACE:

 

31,174 rentable square feet on the sixth floor (“Phase 1”) and 18,947 rentable
square feet on the fifth (5th) floor (“Phase 2”) and 10,056 rentable square feet
on the fifth (5th) floor (“Phase 3”), for a total of 60,177 rentable square
feet, as further described in Exhibit A, located on floors five (5) and six
(6) of the Building, as the same may be expanded pursuant to Exhibit C, or
reduced pursuant to Section 10.22 hereof. All tenant spaces within the Building
are measured uniformly.

 

 

 

TOTAL RENTABLE FLOOR AREA OF
THE BUILDING:

 

250,428 rentable square feet.

 

 

 

SCHEDULED TERM COMMENCEMENT DATE:

 

Phase 1 - September 1, 2007
Phase 2 - October 1, 2007
Phase 3 - January 1, 2008*

 

 

 

 

 

(*Landlord shall notify Tenant by June 1,2007 if Phase 3 is available by
October 1, 2007, in which event the Scheduled Term Commencement Date for Phase 2
and Phase 3 shall be October 1,2007)

 

 

 

OUTSIDE DELIVERY DATE:

 

Per Section 3.2

 

 

 

TERM EXPIRATION DATE:

 

Seven (7) years and four (4) months following the Term Commencement Date for
Phase 3 (as herein determined pursuant to Section 2.2), subject to extension in
accordance with Exhibit F.

 

2

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TERM:

 

That period from the Commencement Date of the Phase 1 Premises to seven
(7) years and four (4) months following the Commencement Date for the Phase 3
Premises, subject to extension in accordance with Exhibit F.

 

 

 

FIXED RENT:

 

Year l:

$l,353,982.50/Year;

 

 

 

 

 

$112,831.88/Month;

 

 

 

 

 

$22.50/RSF Gross*

 

 

 

 

Year 2:

$l,414,159.50/Year;

 

 

 

 

 

$117,846.63/Month;

 

 

 

 

 

$23.50/RSF Gross

 

 

 

 

Year 3:

$l,474,336.50/Year;

 

 

 

 

 

$122,861.3 8/Month:

 

 

 

 

 

$24.50/RSF Gross

 

 

 

 

Year 4:

$l,534,513.50/Year;

 

 

 

 

 

$127,876.13/Month;

 

 

 

 

 

$25.50/RSF Gross

 

 

 

 

Year 5:

$l,594,690.50/Year;

 

 

 

 

 

$132,890.88/Month;

 

 

 

 

 

$26.50/RSF Gross

 

 

 

 

Year 6:

$l,654,867.50/Year;

 

 

 

 

 

$137,905.63/Month;

 

 

 

 

 

$27.50/RSF Gross

 

 

 

 

Year 7**:

$l,715,044.50/Year;

 

 

 

 

 

$142,920.38/Month;

 

 

 

 

 

$28.50/RSF Gross

 

 

 

 

 

 

 

 

 

 

*Year 1 Fixed Rent shall apply from the Phase 1 Commencement Date through the
first anniversary of the Phase 3 Commencement Date and all Fixed Rent shall be
based on the Rentable Square Feet for which the Lease has commenced.

 

 

 

 

 

**to Term Expiration Date

 

 

 

 

 

 

 

BASE YEAR OPERATING COSTS AND/OR REAL ESTATE TAXES:

 

Calendar 2008 actual operating expenses and real estate taxes (adjusted for 95%
occupancy)

 

 

 

COST OF ELECTRICAL SERVICE TO TENANT’S SPACE (EXCLUDED FROM FIXED RENT):

 

The cost of electric service therefor shall be paid for by Tenant pursuant to
Exhibit D, Paragraph IX.

 

3

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FIRST FISCAL YEAR FOR TENANT PAYING OPERATING COST ESCALATION:

 

Year ending December 31, 2009

 

 

 

SECURITY DEPOSIT:

 

None

 

 

 

 

 

 

 

PERMITTED USES:

 

General office and such other lawful uses that are ancillary and accessory
thereto.

 

 

 

REAL ESTATE BROKER:

 

Newmark, Knight & Frank Cushman & Wakefield of Massachusetts, Inc.

 

 

 

PUBLIC LIABILITY INSURANCE:

 

BODILY INJURY AND PROPERTY DAMAGE

EACH OCCURRENCE

 

$5,000,000.00

AGGREGATE

 

$5,000,000.00

 

 

 

 

 

SPECIAL PROVISIONS:

 

Rent Abatement

 

Per Section 4.1

 

 

Reduction of Premises:

 

Per Section 10.22

 

 

Right of First Refusal and Option to Rent:

 

Per Exhibit C

 

 

Option to Extend:

 

Per Exhibit F

 

 

Market Rent:

 

Per Exhibit H

 

 

Allowance:

 

Per Exhibit M

 

 

Swing Space:

 

Per Exhibit N

 

1.2           EXHIBITS

 

The Exhibits listed below in this Section are incorporated in this Lease by
reference and are to be construed as part of this Lease:

 

EXHIBIT A

 

Plans Showing Tenant’s Space, the Lot and the Park (including the Building
Parking Area)

EXHIBIT B

 

Preliminary Tenant Improvement Plans and Specifications (if available)

EXHIBIT C

 

Right of First Refusal and Option to Rent - 5 and 6th Floors

EXHIBIT C-l

 

Plan Showing ROFR Space

EXHIBIT D

 

Landlord’s Services

EXHIBIT E

 

Rules and Regulations

EXHIBIT F

 

Option to Extend

EXHIBIT G

 

Tenant Estoppel Certificate

EXHIBIT H

 

Definition of Market Rent

EXHIBIT I

 

Form of Notice of Lease

EXHIBIT J

 

Subordination, Non-Disturbance and Attornment Agreement

EXHIBIT K

 

Example of Abatement (Section 4.1)

EXHIBIT L

 

Schedule of Milestone Dates

EXHIBIT M

 

Allowance

EXHIBIT N

 

Swing Space

EXHIBIT O

 

Termination Payment Schedule

 

4

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ARTICLE II

PREMISES AND TERM

 

2.1           PREMISES

 

Subject to and with the benefit of the provisions of this Lease, Landlord hereby
leases to Tenant and Tenant leases from Landlord, the Rentable Floor Area of
Tenant’s Space in the Building (hereinafter, the “Tenant’s Space”), together
with the appurtenances described below and in Section 10.14 of this Lease. 
Tenant’s Space, as the same may be expanded in accordance with Exhibit C or
reduced in accordance with Section 10.22, together with such appurtenances, is
hereinafter collectively referred to as “the Premises”.

 

Tenant shall have, as appurtenant to the Premises, the right to use, in common
with other tenants of the Building, the area shown as “Building Parking Area” on
the plan attached hereto as part of Exhibit A, all subject to and as further
provided in Section 10.14 hereof.

 

Tenant shall have, as appurtenant to the Premises, the right to use in common
with others entitled thereto (including, but not limited to, other tenants of
the Building), subject to reasonable rules of general applicability to tenants
and owners of other lots in the park shown on the Plan of the Park attached
hereto as part of Exhibit A (the “Park”) from time to time made by Landlord in
accordance with Section 6.1.4 of which Tenant is given written notice: (a) the
common areas now or hereafter located in the Building or at the Park (the
“Common Areas”), including, without limitation, the duct shafts, electrical and
common risers, main electrical and furnace room, restrooms, fitness center,
cafeteria, elevator(s), atriums, loading dock, dumpster and the Common Areas
shown on the Plan of the Park attached hereto as Exhibit A, as such Common Areas
may be altered or modified by Landlord from time to time during the Term hereof,
it being understood and agreed that any alterations or modifications materially
affecting the Lot, or otherwise materially interfering with Tenant’s use and
operation of its business thereon, shall require Tenant’s prior written
approval, which such approval may not be unreasonably withheld or delayed
(unless there is a material interference with Tenant’s use and operation of its
business thereon, whereupon approval may be withheld in Tenant’s sole
direction); (b) all rights to access, all service areas, all loading areas,
drainage of surface water runoff, including, without limitation, storm drainage
systems and detention areas, (c) all grades, driveways, roadways, sidewalks and
footways, lighting systems and traffic flow patterns, (d) all parking areas
designated as common or visitors parking areas for use of the entire Park, if
any, (e) all rights appurtenant to the Lot created in or conveyed by the deed to
Landlord, if any, (f) all means of access to and from the Building to the Common
Areas, including, without limitation, all sidewalks, roads, driveways and the
like, and (g) all utility lines, electricity, water and sewage disposal.

 

Landlord agrees to maintain continuous food service and a fitness center at the
Building during the entire Term.

 

Landlord reserves the right from time to time, without unreasonable interference
with Tenant’s use, and subject to the preceding paragraph, to install, repair,
replace, use, maintain and relocate for service to the Premises and to other
parts of the Building or either, building service fixtures and equipment
wherever located in the Building, provided that: (a) any substitutions are

 

5

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equivalent or better quality and capacity and (b) such fixtures and equipment
are placed above Tenant’s ceilings, behind its walls and below its flooring.  In
connection therewith, Landlord agrees to provide Tenant with prior reasonable
notice before any such entry into the Premises and to repair any and all damage
resulting therefrom, restoring the Premises to the substantially similar
condition it was in prior to any such entry.

 

2.2           TERM

 

To have and to hold for a period (the “Term”) commencing on the date that the
Premises (specifically the particular Phase as set forth in Section 1.1) are
deemed ready for occupancy pursuant to Section 3.2 (which said date is at times
being hereafter referred to as the “Commencement Date” or “Term Commencement
Date”) and continuing until the Term Expiration Date, unless sooner terminated
as provided in Section 3.2 or 7.1 or in Article IX, or unless extended pursuant
to Exhibit F.

 

ARTICLE III

CONSTRUCTION

 

3.1           INITIAL CONSTRUCTION

 

Landlord shall cause certain leasehold improvements to be substantially
completed in accordance with Tenant’s Plans (as hereinafter defined) on or
before the Scheduled Term Commencement Date (collectively, the “Landlord’s
Work”).  All of the work shall be performed by Landlord’s general contractor,
Gutierrez Construction Co., Inc. (“GCCI”).  Attached hereto as Exhibit B are a
preliminary tenant improvement plans and specifications.

 

Tenant shall, at Tenant’s sole cost and expense but subject to the Allowance (as
hereinafter defined), prepare and deliver to Landlord final construction plans
and associated specifications incorporating said preliminary plans and
specifications (collectively, the “Tenant’s Plans”) for the planned improvements
of the Premises (specifically including Phases 1, 2 and 3) by June 1, 2007. 
Tenant may, at its election, permit Landlord to review and provide input during
the preparation of Tenant’s Plans and may provide Landlord with preliminary
plans and specifications as they are made available to Tenant.  Upon receipt,
Landlord shall have five (5) business days to comment upon the Tenant’s Plans
and shall be deemed approved in the event that Landlord fails to respond within
such five (5) business day period.  Landlord and Tenant shall use good faith,
diligent efforts to agree on the Tenant’s Plans in a timely manner.

 

In reaching such agreement, Landlord and Tenant shall each approve portions of
Tenant’s Plans that are acceptable and shall note their respective objections to
the portions that are unacceptable to each of them so as to enable Landlord to
continue construction and order materials in a timely manner.  In connection
with Landlord’s review of the Tenant’s Plans, or if Tenant fails to deliver
Tenant’s Plans (or any modifications thereto) by the date set forth above,
Landlord may require by prompt written notice to Tenant (i) modifications in
Tenant’s Plans (i.e.  if Tenant’s Plans are not compatible with Building),
and/or (ii) an adjustment in the Scheduled Term Commencement Date (such
adjustment to be determined by Landlord in its reasonable judgment).  Landlord’s
notice to Tenant shall include reasonable detail describing the cause of the
adjustment and/or the extent of the incompatibility with reasonable
specificity.  Any such

 

6

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extension in time, whether mutually agreed to by Landlord and Tenant or
determined by their respective architects in the event of dispute pursuant to
Section 3.6, shall result in Tenant’s Plan Delay Days as hereinbefore
determined.  In addition, Landlord will not approve Tenant’s Plans which involve
any construction, alterations or additions requiring unusual expense to readapt
the Premises to normal office use on the Term Expiration Date, unless Tenant
first gives assurances acceptable to Landlord that such readaptation shall be
made prior to such termination without expense to Landlord.  All revisions and
modifications to the Tenant’s Plans shall be made promptly by Tenant and revised
sets of Tenant’s Plans shall be forthwith furnished to Landlord upon Tenant’s
receipt thereof, Landlord hereby agreeing to inform Tenant during the plan
approval process and, in any event, prior to the installation thereof, of any
such items that may require unusual expense to readapt the Premises as
aforesaid.  All revisions and modifications to the Tenant’s Plans shall be made
promptly by Tenant and revised sets of Tenant’s Plans shall be forthwith
furnished to Landlord upon Tenant’s receipt thereof.  Landlord and Tenant hereby
further agree to acknowledge in writing when final approval by Landlord and
Tenant of Tenant’s Plans has occurred.  No changes or modifications to Tenant’s
Plans or Landlord’s Work being constructed by Landlord pursuant thereto shall be
made without Tenant’s consent, such consent not to be unreasonably withheld or
delayed by Tenant.

 

Landlord shall have fifteen (15) days after final approval of Tenant’s Plans and
Landlord’s receipt of final and complete sets of approved Tenant’s Plans, which
such final approval has been acknowledged in writing by Landlord and Tenant as
aforesaid, to price the Cost of Landlord’s Work.  GCCI shall competitively bid
each major trade item (as reasonably determined by Landlord) of Landlord’s Work
with at least three qualified subcontractors and Tenant shall be permitted to
review such bids on an “open-book” basis.  Tenant shall approve such pricing
within five (5) days of receipt of Landlord’s anticipated Cost (which will
include the contractor’s fee set forth below) of Landlord’s Work, whereupon
Landlord shall be released to commence the Landlord’s Work in accordance with
the terms and provisions of this Lease.

 

Landlord and Tenant shall cooperate during the above time periods so that each
party makes the other aware of their progress with respect to the foregoing
plans, selections and pricing, as well as timing, availability or cost
constraints of Tenant’s selections or specifications and proposed alternates.

 

Landlord shall cause the Premises to be completed in accordance with Tenant’s
Plans.  After final approval of Tenant’s Plans by Landlord and Tenant, the
Tenant may request changes to Landlord’s Work (as applicable) by altering,
adding to, or deducting from Landlord’s Work as set forth in the agreed form of
Tenant’s Plans (each such requested change is referred to herein as a “Change
Order”).  A Change Order requested by Tenant in Landlord’s Work may also
necessitate an adjustment in the Scheduled Term Commencement Date and may result
in Tenant Alteration Delay Days (as hereinafter defined), in accordance with and
subject to the terms and conditions set forth below.  Landlord shall notify
Tenant in writing of the cost of the Change Order (and effect on the Cost of
Landlord’s Work) and if such requested Change Order shall result in Tenant
Alteration Delay Days, and therefore an adjustment in the Outside Delivery
Date.  Tenant shall have four (4) days to accept such Change Order (and the
resulting cost and timing changes as set forth in Landlord’s notice) or to
withdraw the requested Change Order.  Failure by Tenant to respond within four
(4) days shall be deemed a rejection of the Change Order, in addition, Landlord
agrees to provide Tenant, upon Tenant’s request, with sufficient

 

7

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itemization and back-up documentation to facilitate analysis and to confirm the
cost of any such changes in the Landlord’s Work initiated by Tenant.  Tenant
shall pay to Landlord an amount equal to the actual Cost of Landlord’s Work
(which Landlord anticipates should not vary from the pricing previously provided
and approved by Tenant), plus any Change Orders less credits for any Landlord’s
Work deleted, in excess of the Allowance set forth in Exhibit M (hereinafter,
the “Cost of Landlord’s Work”).  Included in all Costs shall be a contractor’s
fee of six percent (6%).  The Cost of Landlord’s Work shall be fully paid by
Tenant (and/or credited against the Allowance) within fourteen (14) days of
receipt of an invoice, but after all of the Allowance has been exhausted by
Landlord, but in no event prior to the Commencement Date for the applicable
Phase.  Any work performed during the thirty (30) days prior to the Commencement
Date for the applicable Phase or work on remaining punch list items which has
not yet been initially billed to Landlord by Landlord’s subcontractors shall be
thereafter billed by Landlord and paid by Tenant within fourteen (14) days of
receipt of an invoice.

 

In the event that Tenant requests a Change Order which would, due to materials
or equipment having long delivery times or due to resulting sequencing delays,
and notwithstanding Landlord’s diligent efforts, result in a delay in the Term
Commencement Date, then Tenant shall be deemed to have agreed that it will pay
Fixed Rent (as hereinafter provided in Section 4.1) and additional rent
hereunder for a number of days equal to the actual number of days (the “Tenant
Alteration Delay Days”) as certified by Landlord and its architect, and agreed
to by Tenant and Tenant’s architect, by which the Term Commencement Date would
be delayed by such alterations or additions, giving due consideration to
Landlord’s obligation to use diligent efforts to accelerate construction to make
up for lost time due to delays.  Landlord agrees to promptly provide Tenant with
written notice of such determination, such notice to include reasonable detail
describing the cause of the delay and the number of Tenant Alteration Delay Days
as certified by Landlord and its architect.  Should Tenant and Tenant’s
Architect disagree with the calculation of Tenant Alteration Delay Days as
hereinabove determined, then such disagreement shall be resolved pursuant to the
provisions of Section 3.6 hereof.

 

All Tenant improvements, changes and additions comprising the Landlord’s Work
shall be part of the Premises (and shall remain therein at the end of the Term),
except for Tenant’s business fixtures, equipment and personal property (which
such personal property shall include, without limitation, demountable
partitions, equipment and telephone or computer systems), all of which fixtures,
equipment and personal property shall remain the property of the Tenant and
shall be removed at the expiration of the Term; and such other items shall be
removed or left as the Landlord and Tenant agree in writing at the time of
Landlord’s approval of the plans and specifications therefor.  Tenant agrees to
repair, at its sole cost and expense, any damage to the Premises caused by any
such removal by Tenant in accordance with this paragraph.

 

Tenant (including its contractors, agents or employees) shall have access to the
Premises, thirty (30) days prior to the Scheduled Term Commencement Date
applicable to each Phase of the Premises so as to prepare the Premises for
occupancy by Tenant (including for telephone/data, security and furniture
installations), provided that (i) Tenant’s contractors, agents or employees work
in a harmonious labor relationship with Landlord’s general contractor; provided,
however, Landlord consents to Tenant’s use of non-union labor (ii) reasonable
prior notice is given to Landlord specifying the work to be done, and (iii) no
work, as reasonably determined by Landlord, shall be done or fixtures or
equipment installed by Tenant in such

 

8

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manner as to materially interfere with the completion of the work being done by
or for Landlord in the Premises.  During any such early access period, no Fixed
Rent or additional rent or other charges shall accrue or be payable, but
otherwise the performance of any such work by Tenant shall be subject to all the
terms, covenants and conditions contained in this Lease.

 

Attached hereto as Exhibit L is a Schedule of milestone dates for the completion
of Landlord’s Work.  The parties hereby agree, however, that such Schedule is
for informational purposes only, and Landlord’s failure to meet any of such
dates shall not result in any penalty, except or otherwise expressly provided
for elsewhere in this Lease.

 

3.2           PREPARATION OF PREMISES FOR OCCUPANCY

 

Landlord agrees to use reasonable good faith efforts (which shall include
working continuously during normal working hours) to have the Premises ready for
occupancy on or before the Scheduled Term Commencement Date, which shall,
however, be extended for a period equal to that of any delays due to Force
Majeure (as hereinafter defined) and/or any Tenant Delay.  Landlord shall
promptly notify Tenant of the occurrence of any Force Majeure delay or Tenant
Delay.  For purposes of this Lease, a “Tenant Delay” shall mean any one of the
following: (i) changes requested by Tenant to Tenant’s Plans to the extent such
changes actually delay the date on which the Premises shall be deemed ready for
occupancy (as defined below); (ii) Tenant’s failure to provide the Tenant’s
Plans to Landlord or in approving the Cost of Landlord’s Work within the
aforesaid time period; (iii) a written request by Tenant to stop work, (iv) the
specification of any materials or equipment comprising the Landlord’s Work with
lead times that, given the Tenant’s Plans submission deadline (i.e.  June 1,
2007), make it unreasonable for Landlord to substantially complete Landlord’s
Work by the Scheduled Term Commencement Date; (v) Tenant Plan Delay Days, or
(vi) Tenant Alteration Delay Days.

 

For each Phase of the Premises, Landlord agrees to provide Tenant with at least
one week prior written notice of when Landlord anticipates that the Landlord’s
Work shall be completed for the particular Phase.  The Premises shall be deemed
ready for occupancy with respect to a particular Phase of the Premises as
outlined in Section 1.1 hereof on the earlier of:

 

(A)           THE DATE ON WHICH TENANT OCCUPIES ANY OR ALL OF THE PREMISES
(SPECIFICALLY THE APPLICABLE PHASE) FOR ITS OPERATIONS FOR THE REGULAR CONDUCT
OF ITS BUSINESS (WHICH SHALL NOT BE DEEMED TO HAVE OCCURRED BY VIRTUE OF
TENANT’S INSTALLATION OR TESTING OF COMPUTERS, EQUIPMENT, FURNITURE, OR OTHER
PERSONAL PROPERTY); OR

 

(B)           THE DATE ON WHICH ALL OF THE FOLLOWING HAVE OCCURRED: (I) THE
LANDLORD’S WORK (WITH RESPECT TO A PARTICULAR PHASE) IS SUBSTANTIALLY COMPLETED
IN COMPLIANCE WITH TENANT’S PLANS AS CERTIFIED BY LANDLORD’S CONTRACTOR AND
ARCHITECT, EXCEPT FOR PUNCH LIST ITEMS WHICH DO NOT INTERFERE WITH TENANT’S USE
OF THE PREMISES (SPECIFICALLY THE APPLICABLE PHASE) FOR ITS OPERATIONS, AND
LANDLORD HAS OBTAINED A CERTIFICATE OF OCCUPANCY (TEMPORARY [IF THE CONDITION
CAUSING THE SAME TO BE TEMPORARY IS RELATED TO INSTALLATION OR OTHER ACTS
REQUIRED OF TENANT] OR FINAL) FOR THE PREMISES (SPECIFICALLY THE APPLICABLE
PHASE) AND HAS PROVIDED TENANT WITH A COPY THEREOF; PROVIDED, HOWEVER, THAT IF
LANDLORD IS UNABLE TO SUBSTANTIALLY COMPLETE CONSTRUCTION BY THE SCHEDULED TERM
COMMENCEMENT DATE DUE TO ANY

 

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TENANT DELAY, THEN THE PREMISES (SPECIFICALLY THE APPLICABLE PHASE) SHALL BE
DEEMED SUBSTANTIALLY COMPLETED ON THE DATE THE PREMISES (SPECIFICALLY THE
APPLICABLE PHASE) WOULD HAVE BEEN COMPLETED, BUT FOR A TENANT DELAY, SUBJECT TO
TENANT’S RIGHT TO DISPUTE THE SAME AS HEREINAFTER PROVIDED; (II) LANDLORD HAS
DELIVERED LEGAL POSSESSION OF THE PREMISES AND THE LANDLORD’S WORK TO TENANT,
WITH THE BUILDING, PREMISES (SPECIFICALLY THE APPLICABLE PHASE) AND EXTERIOR
AREAS IN GOOD OPERATING CONDITION AND FREE AND CLEAR OF DEBRIS AND READY FOR
TENANT’S USE AND OCCUPANCY; AND (III) LANDLORD HAS OBTAINED ALL APPROVALS AND
PERMITS FROM THE APPROPRIATE GOVERNMENTAL AUTHORITIES REQUIRED FOR THE LEGAL
OCCUPANCY OF THE PREMISES (SPECIFICALLY THE APPLICABLE PHASE) AND THE LANDLORD’S
WORK.

 

If the Premises (specifically the applicable Phase) are not completed on or
before the Outside Delivery Date (as defined below) for whatever reason, Tenant
may (i) cancel this Lease (specifically with respect to the applicable Phase
only) at any time thereafter while the Premises (specifically the applicable
Phase) are not deemed ready for occupancy by giving notice to Landlord of such
cancellation which shall be effective ten (10) days after such notice, unless
within such ten (10) day period Landlord delivers the Premises (specifically the
applicable Phase) ready for occupancy, in which event such notice of
cancellation shall be rendered null and void and of no further force or effect,
(ii) enforce Landlord’s covenants to construct the Premises (specifically the
applicable Phase) in accordance with the terms of this Lease.  In the event the
Premises (specifically the applicable Phase) are not ready for occupancy on or
before the Outside Delivery Date and the parties mutually agree on a revised
schedule for Landlord to substantially complete Landlord’s Work by a revised
Outside Delivery Date, then Tenant shall also have the right to terminate this
Lease if Landlord fails to substantially complete the Premises (specifically the
applicable Phase) within such additional period of time, or (iii) receive an
abatement of Fixed Rent (in addition to the abatement set forth in Section 4.1)
following commencement of rental obligations hereunder equal to one hundred
percent (100%) of the daily Fixed Rent for each day that the Landlord’s Work is
not substantially completed beyond the Outside Delivery Date (with respect to a
particular Phase, as applicable).

 

For purposes hereof, the “Outside Delivery Date” shall be deemed to refer to
that certain date which is ninety (90) days following the Scheduled Term
Commencement Date (with respect to a particular Phase as outlined in Section 1.1
hereof), as such date may be extended for a period equal to that of (i) any
Force Majeure delay, or (ii) the number of days of any Tenant Delay.

 

Landlord and Tenant agree to resolve any disputes under this Article III
pursuant to the provisions of Article 3.6 hereof, unless the parties agree
otherwise.

 

3.3           GENERAL PROVISIONS APPLICABLE TO CONSTRUCTION

 

All construction work required or permitted by this Lease, whether by Landlord
or by Tenant (or their respective subcontractors), shall be done in a good and
workmanlike manner and in compliance with all applicable laws and all
ordinances, regulations and orders of governmental authority and insurers of the
Building.  Either party may inspect the work of the other at reasonable times
and shall promptly give notice of observed defects.  Notice of said defects
shall be in writing and shall be rectified by Landlord or Tenant, as the case
may be, within thirty (30) days of the original date of notice.  Failure to
provide notice hereunder shall

 

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not be the basis for any liability or for injury or damage caused by such defect
of or waiver of right to cause any defect to be corrected.

 

3.4           REPRESENTATIVES

 

Landlord hereby acknowledges and agrees that only the Tenant’s Construction
Representatives, as defined in Section 1.1, or any successors to either of them
holding the same title or any other person delegated the authority from either
of them in writing, have the authority to act on Tenant’s behalf and represent
Tenant’s interest with respect to all matters requiring Tenant’s action in this
Article.  No consent, authorization or other action by Tenant with respect to
matters set forth in this Article shall bind Tenant unless in writing and signed
by one of the aforementioned persons.  Landlord hereby expressly recognizes and
agrees that no other person claiming to act on behalf of Tenant is authorized to
do so.  If Landlord complies with any request or direction presented to it by
anyone claiming to act on behalf of Tenant who does not have the title and
position mentioned above, such compliance shall be at Landlord’s sole risk and
responsibility and shall not in any way alter or diminish the obligations and
requirements created and imposed by this Article, and Tenant shall have the
right to enforce compliance with this Article without suffering any waiver or
abrogation of any of its rights hereunder.

 

Tenant hereby acknowledges and agrees that only the Landlord’s Construction
Representatives, as defined Section 1.1 hereof, or any successors to either of
them holding the same title or any other person delegated the authority from
either of them in writing, have the authority to act on Landlord’s behalf and
represent Landlord’s interests with respect to all matters requiring Landlord’s
action in this Article.  No consent, authorization or other action by Landlord
with respect to matters set forth in this Article shall bind Landlord unless in
writing and signed by one of the aforementioned persons.  Tenant hereby
expressly recognizes and agrees that no other person claiming to act on behalf
of Landlord is authorized to do so.  If Tenant complies with any request or
direction presented to it by anyone claiming to act on behalf of Landlord who
does not have the title and position mentioned above, such compliance shall be
at Tenant’s sole risk and responsibility and shall not in any way alter or
diminish the obligations and requirements created and imposed by this Article,
and Landlord shall have the right to enforce compliance with this
Article without suffering any waiver or abrogation of any of its rights
hereunder.

 

3.5           FORCE MAJEURE

 

As used in this Article and elsewhere in the Lease, “Force Majeure” shall mean a
time extension equal to that of any delays when the party required to perform
the respective obligation is prevented from doing so, despite the exercise of
reasonable diligence, and such delay is caused by: (i) Acts of God not
reasonably anticipatable, (ii) changes in government regulations,
(iii) casualty, (iv) strike or other such labor difficulties not caused or
exacerbated by either party or its general contractor, (v) unusual weather
conditions not reasonably anticipatable, (vi) unusual scarcity of or inability
to obtain supplies, parts or employees to furnish such services unrelated to the
negligence or fault of such party, or (vii) other acts reasonably beyond such
party’s control, but in no event shall the term include economic or financing
difficulties, or other acts or omissions or defaults by GCCI and/or its
subcontractors.  In the event that a Force Majeure event occurs or is reasonably
anticipatable by Landlord, then Landlord agrees to consult with Tenant to

 

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discuss alternatives.  Landlord and Tenant agree to provide written notice to
the other promptly upon the occurrence of any Force Majeure event.

 

3.6           ARBITRATION BY ARCHITECTS

 

Whenever there is a disagreement between the parties with respect to
construction by Landlord of Landlord’s Work, and such disagreement is not
resolved by the parties within a period of twenty (20) days, each party acting
reasonably and in good faith, then such disagreement shall be definitively
determined by the following procedure: Each of Landlord and Tenant shall appoint
one (1) independent architect, no later than seven (7) days after the expiration
of the twenty (20) day period, such two (2) architects will then (within five
(5) days of their appointment) appoint a third independent architect licensed in
the Commonwealth of Massachusetts with not less than ten (10) years experience. 
Each architect shall render a decision to Landlord, Tenant and the other
architects within ten (10) days of their appointment regarding the matter in
dispute.  In case of any dispute with respect to dollar amounts or lengths of
time or dates, the dollar amount or length of time or date shall be the average
of the two closest determinations by the three (3) architects, with the
determination of the architect which was not closest to another architects’
determination excluded from such calculation.  In case of any dispute not
involving dollar amounts or lengths of time or dates (i.e.  the approval of
plans) the determination by at least two (2) of the three (3) architects shall
be required in order to resolve the matter in dispute.  Landlord and Tenant
shall each bear the cost of the architect selected by them respectively and
shall share equally the cost of the third architect.  During such arbitration
period, the parties agree to cooperate with one another so as to proceed with
construction and with their respective obligations hereunder in a timely
manner.  Each architect appointed shall be provided a copy of this section of
the Lease and agrees to be bound by the same.  Each determination under this
Section 3.6 shall be binding upon Landlord and Tenant.

 

3.7           WARRANTY OF LANDLORD’S WORK

 

For good and valuable consideration, Landlord hereby warrants and guarantees, at
no extra cost to Tenant, that the Landlord’s Work shall be free from defects in
workmanship and materials ( “Landlord’s Work Guaranty”).  Without limiting the
generality of the foregoing, Landlord agrees to repair, at its sole cost and
expense any defects in Landlord’s Work promptly after receipt of notice
therefrom from Tenant, provided that such notice from Tenant is received by
Landlord within a period of one (1) year after the Term Commencement Date, in
connection therewith, Tenant shall notify Landlord promptly after it becomes
aware of any such defects.  Any repairs or replacements or alterations to
Landlord’s Work after said initial one (1) year period shall be chargeable to
Tenant in accordance with and subject to the provisions of Section 4.2 hereof.

 

ARTICLE IV
RENT

 

4.1           RENT

 

Tenant agrees to pay, without any offset, adjustment, abatement, or reduction,
except as expressly set forth herein, Fixed Rent equal to the Fixed Rent set
forth in Section 1.1 in equal

 

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installments in advance on the first day of each calendar month included in the
Term; and prorated for any portion of a calendar month occurring at the
beginning or end of the Term, at the rate payable for such portion in advance. 
The term “Rent” shall at all times be used herein to mean Fixed Rent plus
additional rent payable under this Lease (including without limitation
Section 4.2 hereof).  Notwithstanding the foregoing, the Rent due hereunder
shall be adjusted pro rata based on the square footage within a particular Phase
outlined in Section 1.1 hereof and ready for occupancy until the entire Premises
has been deemed ready for occupancy pursuant to Section 3.2 hereof.

 

Notwithstanding the foregoing, Landlord and Tenant agree that so long as there
is not then an uncured, continuing material Event of Default hereunder, Landlord
shall abate the monthly Fixed Rent applicable to each Phase from and after the
Term Commencement Date for each Phase through the date which is four (4) months
thereafter.  If Tenant at any time during such period defaults under this Lease
beyond any applicable notice and cure periods, Tenant shall immediately pay to
Landlord all sums previously abated hereunder and such abatement shall
automatically cease.  As aforesaid, such abatements shall be applied on a pro
rata basis as the Premises (specifically the Fixed Rents) are phased-in.  (See
Exhibit K for an example)

 

4.2           OPERATING COST ESCALATION

 

With respect to the First Fiscal Year for Tenant’s Paying Operating Cost
Escalation or Real Estate Tax Escalation, or fraction thereof, and any Fiscal
Year or fraction thereafter during the Term, Tenant shall pay to Landlord, as
additional rent, Operating Cost Escalation (as defined below), if any, on or
before the thirtieth (30th) day following receipt by Tenant of Landlord’s
Statement (as defined below).  As soon as practicable after the end of each
Fiscal Year ending during the Term and after Lease termination, Landlord shall
render a statement (“Landlord’s Statement”) in reasonable detail and according
to Generally Accepted Accounting Principles (“GAAP”), consistently applied,
certified by Landlord, and showing for the preceding Fiscal Year or fraction
thereof, as the case may be, “Landlord’s Operating Costs,”

 

EXCLUDING the interest and amortization on mortgages for the Building and Lot or
leasehold interests therein and the cost of special services rendered to tenants
(including Tenant) versus tenants in general,

 

BUT INCLUDING, without limitation: real estate taxes on the Building, the Lot
and the Common Areas of the Park, installments and interest on assessments for
public betterments or public improvements, with respect to any Fiscal Year or
fraction of a Fiscal Year; premiums for insurance required to be maintained by
Landlord pursuant to this Lease; compensation and all fringe benefits, workmen’s
compensation, insurance premiums and payroll taxes paid by Landlord to, for or
with respect to all persons engaged in the operating, maintaining, or cleaning
of the Building and Lot; water, sewer, gas, telephone and the electricity to
operate the base building heating, ventilating, air conditioning systems,
elevators and parking lot lighting, and other utility charges not billed
directly to tenants by Landlord or the utility companies (the cost for the
electricity consumed by the tenant for interior lighting, plugs, equipment,
supplemental air conditioning and fixtures shall be billed monthly to Tenant by
Landlord as set forth in Paragraph IX of Exhibit D); costs of building and
cleaning supplies and equipment (including rental); cost of maintenance,
cleaning and repairs; cost of snow plowing or removal, or both, and

 

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care of landscaping; payments to independent contractors under service contracts
for cleaning, operating, managing, maintaining and repairing the Building and
Lot (which payments may be to affiliates of Landlord provided the same are at
reasonable rates consistent with similar contracts with unaffiliated third
parties); the Building’s pro rata share of the cost of operating, managing,
maintaining and repairing the Common Areas of the Park (such as, but not limited
to, snow plowing, sanding, sand removal, lot sweeping, landscaping, common area
and street lighting, and management); and all other reasonable and necessary
expenses paid in connection with the operation, cleaning, maintenance,
management and repair of the Building and Lot, or either, and properly
chargeable against income, it being agreed that if Landlord installs a new or
replacement capital item for the purpose of reducing Landlord’s Operating Costs
(including without limitation the replacement of an unrepairable items) or as
required by governmental regulation or laws, the costs thereof as reasonably
amortized over the useful life in years of the capital item so installed in
accordance with GAAP, consistently applied, with legal interest (not to exceed
the Prime Rate published in the Wall Street Journal plus two percent (2%) on the
unamortized amounts, shall be included in Landlord’s Operating Costs.  Landlord
agrees that all of such services to be included in Landlord’s Operating Costs
shall be obtained by Landlord at commercially reasonable, competitive market
rates consistent with the operation and management of comparable “Class A”
office buildings in the suburban Boston area.

 

Notwithstanding anything to the contrary contained herein, in no event shall
Landlord’s Operating Costs include (nor shall Tenant have any obligation to pay
any Operating Cost Escalation on account of) the following:

 

(A)           COSTS, EXPENSES AND FEES RELATING TO SOLICITATION OF, ADVERTISING
AND PROMOTION FOR AND ENTERING INTO LEASES AND OTHER OCCUPANCY ARRANGEMENTS FOR
SPACE IN THE PARK, INCLUDING BUT NOT LIMITED TO LEGAL FEES, SPACE PLANNERS’
FEES, REAL ESTATE BROKERS’ LEASING COMMISSIONS AND ADVERTISING EXPENSES,
ENTERTAINING EXPENSES, DINING EXPENSES, ANY COSTS RELATING TO TENANT OR VENDOR
RELATION PROGRAMS, INCLUDING FLOWERS, GIFTS, LUNCHEONS, PARTIES AND OTHER SOCIAL
EVENTS, BUT EXCLUDING ANY LIFE SAFETY INFORMATION PROGRAMS.

 

(B)           COSTS OF DEFENDING ANY LAWSUITS WITH ANY MORTGAGEE (EXCEPT AS THE
ACTIONS OF TENANT MAY BE IN ISSUE), COSTS OF SELLING, SYNDICATING, FINANCING,
MORTGAGING OR HYPOTHECATING ANY OF LANDLORD’S INTEREST IN THE PARK (OR ANY PART
THEREOF), COSTS OF ANY DISPUTES BETWEEN LANDLORD AND ITS EMPLOYEES, DISPUTES OF
LANDLORD WITH BUILDING MANAGEMENT, OR OUTSIDE FEES PAID IN CONNECTION WITH
DISPUTES WITH OTHER TENANTS OR ADJACENT PROPERTY OWNERS.

 

(C)           COSTS OF CORRECTING DEFECTS IN THE BUILDING OR THE BUILDING
EQUIPMENT OR REPLACING DEFECTIVE EQUIPMENT SOLELY TO THE EXTENT SUCH COSTS
RELATE TO ITEMS COVERED BY WARRANTIES OF MANUFACTURERS, SUPPLIERS OR CONTRACTORS
OR ARE OTHERWISE BORNE BY PARTIES OTHER THAN LANDLORD AND FOR WHICH LANDLORD
RECEIVES REIMBURSEMENT AFTER HAVING USED GOOD FAITH AND DILIGENT EFFORTS TO
COLLECT.

 

(D)           COSTS OF INSTALLATIONS PAID BY OR CONSTRUCTED FOR SPECIFIC TENANTS
OR OTHER OCCUPANTS.

 

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(E)           INTEREST, POINTS, OTHER FINANCE CHARGES AND PRINCIPAL PAYMENTS ON
MORTGAGES, AND OTHER COSTS OF INDEBTEDNESS, IF ANY.

 

(F)            ALL AMOUNTS WHICH ARE SPECIFICALLY CHARGED TO OR OTHERWISE PAID
BY ANY OTHER TENANT OR OTHER OCCUPANT OF THE BUILDING OR THE PARK, OR FOR ITEMS,
BENEFITS OR SERVICES WHICH LANDLORD PROVIDES SELECTIVELY TO ONE OR MORE TENANTS
(OTHER THAN TENANT) WITHOUT REIMBURSEMENT.

 

(G)           ANY BAD DEBT LOSS, RENT LOSS OR RESERVES FOR BAD DEBTS OR RENT
LOSS, OR ANY RESERVES OF ANY KIND.

 

(H)           AMOUNTS, IF ANY, PAID AS GROUND RENTAL BY LANDLORD,

 

(I)            EXPENSES RELATED TO THIRD-PARTY LANDLORD-TENANT DISPUTES.

 

(J)            ALL COSTS OF A CAPITAL NATURE, EXCEPT AS THOSE RELATING TO
REDUCING LANDLORD’S OPERATING COSTS AS AFORESAID AND CAPITAL EXPENDITURES
REQUIRED BY GOVERNMENT REGULATION OR LAWS, ENACTED AFTER THE TERM COMMENCEMENT
DATE , THE AMOUNT OF SUCH COSTS RELATING TO ANY SUCH LEGAL REQUIREMENT(S) TO BE
AMORTIZED ON A STRAIGHT-LINE BASIS, WITH INTEREST AT THE AFORESAID RATE (I.E. 
PRIME RATE PLUS TWO PERCENT PER ANNUM), OVER THE ASSET’S USEFUL LIFE IN
ACCORDANCE WITH GAAP.

 

(K)           ALL REPAIRS OR REPLACEMENTS RESULTING FROM A BREACH OF LANDLORD’S
WORK GUARANTY (AS DEFINED IN SECTION 3.7 HEREOF).

 

(L)            EXPENSES IN CONNECTION WITH NON-BUILDING STANDARD SERVICES OR
BENEFITS OF A TYPE WHICH ARE NOT PROVIDED TO TENANT BUT WHICH ARE PROVIDED TO
OTHER BUILDING OCCUPANTS, OR FOR WHICH TENANT IS CHARGED DIRECTLY BUT WHICH ARE
PROVIDED TO OTHER BUILDING OCCUPANTS WITHOUT DIRECT CHARGE.

 

(M)          EXPENSES ASSOCIATED WITH THE PROVISION OF HVAC SERVICES TO OTHER
BUILDING OCCUPANTS DURING NON BUSINESS HOURS AS SET FORTH IN EXHIBIT D.

 

In case of services which are not rendered to all areas of the Building on a
comparable basis, the proportion allocable to the Premises shall be the same
proportion which the Rentable Floor Area of Tenant’s Space bears to the total
rentable floor area to which such service is so rendered (such latter to be
determined in the same manner as the Total Rentable Floor Area of the Building),
or shall be reallocated by Landlord on a reasonable basis taking into
consideration such factors as usage of a particular tenant in the Park and/or
such other pertinent factors as reasonably determined by Landlord.  Landlord
covenants to enforce the preceding provision on all tenants in the Park.  Tenant
shall be responsible to pay its share of Landlord’s Operating Costs of the
Operating Cost Escalation for the Building based upon the proportion that the
Rentable Floor Area of Tenant’s Space (based on Phases leased) bears to the
Total Rentable Floor Area of the Building.  Tenant shall also be responsible to
pay its pro rata share of Park-related costs, which shall be allocated by
Landlord in a commercially reasonable manner based upon the following: upon the
ratio of the rentable square footage of the Premises (based on Phases leased) to
the aggregate square footage of all completed buildings in the Park (currently
250,428 rentable square feet), as such buildings are completed from time to
time, and provided

 

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that evidence of completion (i.e.  a temporary certificate of occupancy for at
least a phase) is provided to Tenant, upon Tenant’s request.

 

“Operating Cost Escalation” shall be equal to the difference, if any, between:

 

(A)           THE PRODUCT OF (I) LANDLORD’S OPERATING COSTS PER RENTABLE SQUARE
FOOT OF THE BUILDING, THE LOT AND THE SHARE OF THE PARK AS INDICATED IN
LANDLORD’S STATEMENT TIMES (II) THE RENTABLE FLOOR AREA OF TENANT’S SPACE (BASED
ON PHASES LEASED); AND

 

(B)           THE PRODUCT OF (I) THE BASE YEAR OPERATING COSTS PER RENTABLE
SQUARE FOOT OF THE BUILDING, THE LOT AND THE SHARE OF THE PARK TIMES (II) THE
RENTABLE FLOOR AREA OF TENANT’S SPACE (BASED ON PHASES LEASED).

 

If, with respect to any Fiscal Year or fraction thereof during the Term, Tenant
is obligated to pay Operating Cost Escalation, then Tenant shall pay, as
additional rent, on the first day of each month of each ensuing Fiscal Year
thereafter, until Landlord’s Statement for an ensuing Fiscal Year reflects that
Tenant is not obligated to pay Operating Cost Escalation, Estimated Monthly
Escalation Payments equal to 1/12th of the annualized Operating Cost Escalation
for the immediately preceding Fiscal Year, Estimated Monthly Escalation Payments
for each ensuing Fiscal Year shall be made retroactively from the first day of
such Fiscal Year and on account of the payment to be made pursuant to the first
sentence of this Section 4.2 for such Fiscal Year, with an appropriate
additional payment or refund to be made at the time such payment is due.

 

The term “Fiscal Year” as used in this Article shall mean the period of twelve
(12) consecutive months commencing on January 1 and ending on December 31.

 

The term “real estate taxes” as used above shall mean all ad valorem real estate
taxes assessed by any governmental authority on the Lot, the Building and
improvements, or both, and the Common Areas of the Park, subject to the
following: There shall be excluded from such taxes (i) any governmental or
business park “special assessments” (i.e.  roads and sewers), (ii) all other
real estate taxes relating to a period payable or assessed outside the Term of
this Lease; and (iii) all personal and corporate income taxes, excess profits
taxes, excise taxes, franchise taxes, gift taxes, estate, succession,
inheritance and transfer taxes or other business taxes and assessments,
provided, however, that if at any time during the Term the present system of ad
valorem taxation of real property shall be changed so that in lieu of the whole
or any part of the ad valorem tax on real property, there shall be assessed on
Landlord a capital levy or other tax on the gross rents received with respect to
the Lot, Building and improvements, or both, and the Common Areas of the Park, a
federal, state, county, municipal, or other local income, franchise, excise or
similar tax, assessment, levy or charge (distinct from any now in effect)
measured by or based, in whole or primarily, upon any such gross rents, then any
and all of such taxes, assessments, levies or charges, to the extent so measured
or based, shall be deemed to be included within the term “real estate taxes”. 
Landlord hereby acknowledges that it has not applied for and will not apply for
a real estate tax abatement for the Lot and/or the Building in connection with
the Base Year Operating Costs.  Landlord covenants not to convert the Building
to a Condominium at any time during the Term.

 

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If the total of the monthly payments paid by Tenant with respect to any Fiscal
Year exceeds the actual Operating Cost Escalation for such Fiscal Year, then, at
Landlord’s option, such excess shall be either (i) credited against payments,
except at the end of the Term where will be paid promptly to Tenant on account
of Operating Cost Escalation next due hereunder, or (ii) refunded by Landlord to
Tenant within one hundred and twenty (120) days of the end of the Fiscal Year.

 

Tenant shall have the right to contest in good faith by appropriate proceedings
diligently pursued the imposition or amount of any real estate taxes assessed
against the Lot or the Building or such personal property taxes payable by it
hereunder, including the right on behalf of, and in the name of the Landlord, to
seek abatements thereto.  The Landlord shall reasonably cooperate with Tenant,
at Tenant’s sole expense, in any such contest or abatement proceedings.  In the
event that Tenant determines not to contest such taxes and Landlord desires to
file such contest, Landlord shall give written notice of that fact to Tenant and
shall have the sole right as to such tax bill to contest in good faith by
appropriate proceedings diligently pursued the imposition or amount of any real
estate taxes assessed against the Lot or the Building or such other taxes
payable by Tenant hereunder, including the right to seek abatements thereto.  In
such event, the Tenant shall reasonably cooperate with Landlord, in any such
contest or abatement proceedings.  Any tax abatement or rebate received shall be
allocated to the parties in the same proportion as payment.  Landlord shall also
reasonably cooperate and assist Tenant, at no cost to Landlord, in procuring any
applicable tax credits or incentives.

 

If Landlord shall receive on behalf of the Lot or the Building a rebate or
abatement on any tax paid by Tenant, then after deducting therefrom any costs
reasonably incurred by Landlord in obtaining such rebate or abatement, all of
such net rebate or abatement relating to the Lot or the Building or to personal
property taxes assessed against the Tenant’s personal property shall be returned
to Tenant to the extent that such rebate or abatement relates to payment made by
the Tenant and not reimbursed by Landlord, or at Landlord’s option, credited
against real estate taxes due or to become due.  If Tenant shall receive on
behalf of the Lot or the Building a rebate or abatement on any tax paid by
Tenant, then after deducting therefrom any costs reasonably incurred by Tenant
in obtaining such rebate or abatement, all of such net rebate or abatement
related to the Lot, the Building or to personal property taxes assessed against
the Tenant’s property shall be retained by Tenant, as its sole property, to the
extent such rebate or abatement relates to a payment made by Tenant and not
reimbursed by Landlord.  The remaining portion of such net rebate or abatement
shall promptly be returned to Landlord.

 

In the event that Landlord receives a refund on account of real estate taxes
after the expiration of the Term, which refund relates to a Fiscal Year during
the Term, the amount of such refund fairly allocable to Tenant shall be refunded
to Tenant by Landlord (i.e.  prorated based on the actual number of days in the
year).  All references to real estate taxes “for” a particular Fiscal Year shall
be deemed to refer to real estate taxes due and payable during such Fiscal Year
without regard to when such impositions are assessed or levied.

 

Notwithstanding anything contained to the contrary in this Lease, the
responsibility for the payment of all real estate taxes with respect to the
Building and the Park shall be upon the Landlord and the Landlord agrees to pay
the same as required by law.  Landlord shall provide Tenant with copies of all
tax bills and a computation of Tenant’s pro rata share thereof, and upon

 

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Tenant’s request, copies of all tax bills.  In the event that any special
assessments are assessed and payable, Tenant’s pro rata share of the same shall
be calculated as if such assessments were being paid by Landlord over the
longest period of time permitted by applicable law.

 

Tenant, or its authorized agent, shall have the right, at its own cost and
expense (without requirement that Tenant pay Landlord’s costs of complying with
this provision), to inspect and/or audit Landlord’s detailed records each year
with respect to Landlord’s Operating Costs, as well as all other rent payable by
Tenant pursuant to the Lease for the Base Year and any comparison year to ensure
the Landlord is complying with such Lease requirements.  Pursuant to the
foregoing, Landlord shall be obligated to retain such records for Tenant’s Base
Year and all comparison years associated with this Lease for three (3) years. 
Tenant shall have the right, through its representatives, but no more than once
per Fiscal Year, upon not less than twenty (20) days prior notice to Landlord,
to examine, copy, and audit such records within the four (4) month period
following receipt of the Landlord’s Statement.  Such records shall be maintained
at Landlord’s Address set forth in Section 1.1 hereof, or such other place
within the Commonwealth of Massachusetts, as Landlord may determine and notify
Tenant in writing.  Such records shall include general ledgers, which shall be
the type printed from Landlord’s particular computerized accounting system which
reflect: (a) the full year’s listing of expenses with such expenses listed under
its applicable account (which account has its name and number clearly specified)
and with each account’s expenses summarized via account balances, and (b) the
various income accounts indicating the income items which were received and
applied during the year.  If, after the review of such documentation, Tenant
desires additional information of Landlord’s books and records, including, but
not limited to, invoices paid by Landlord or service contracts, Landlord shall
cooperate with Tenant making all pertinent records available to Tenant, Tenant’s
employees and agents for inspection at no out of pocket cost to Landlord. 
Tenant, Tenant’s employees and agents, shall also be entitled to make and retain
photostatic copies of such records and further provided that Tenant keeps such
copies confidential and does not show or distribute such copies to any other
tenants in the Building or Park.  The results of such audit, as reasonably
determined by both parties, shall be binding upon Landlord and Tenant.  If such
audit discloses that the amount paid by Tenant as Tenant’s pro rata share of
Landlord’s Operating Costs for the Building or Park, or of other rental amounts
payable pursuant to the Lease, has been overstated by more than seven percent
(7%), then, in addition to immediately repaying such overpayment and associated
interest (i.e.  at the rate set forth in Section 4.3 hereof) to Tenant, Landlord
shall also pay the costs reasonably incurred by Tenant in connection with such
audit (not to exceed $2,000.00 plus a 10% increase per each year of the Term)
upon receipt of reasonable documentation evidencing such audit costs.  If such
audit discloses an underpayment by Tenant, then Tenant must immediately pay to
Landlord such additional amount due to Landlord, with interest at the aforesaid
rate.

 

In all Landlord’s Statements, rendered under this Section, amounts for periods
partially within and partially without the accounting periods shall be
appropriately apportioned, and any items which are not determinable at the time
of a Landlord’s Statement shall be included therein on the basis of Landlord’s
reasonable estimate, and with respect thereto Landlord shall render promptly
after determination a supplemental Landlord’s Statement, and appropriate
adjustment shall be made according thereto.  All Landlord’s Statements shall be
prepared on an accrual basis of accounting.

 

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Notwithstanding any other provision of this Section 4.2, if the Term expires or
is terminated as of a date other than the last day of a Fiscal Year at the end
of the Term, Tenant’s last payment to Landlord under this Section 4.2 shall be
made on the basis of Landlord’s best estimate of the items otherwise includable
in Landlord’s Statement and shall be made on or before the later of (a) thirty
(30) days after Landlord delivers such estimate to Tenant, or (b) the last day
of the Term, with an appropriate payment or refund to be made upon submission of
Landlord’s Statement.  Without limitation, the obligation of Tenant to pay the
Operating Cost Escalation with respect to any Fiscal Year during the Term (or
portion thereof) shall survive the expiration or earlier termination of the
Term.

 

4.3           PAYMENTS

 

All payments of Fixed Rent and additional rent (including without limitation all
payments set forth in Section 4.2 hereof) shall be made to Managing Agent, or to
such other person as Landlord may from time to time designate in writing.  If
any installment of rent, Fixed Rent or additional, or on account of leasehold
improvements is paid after the due date thereof, at Landlord’s election, it
shall bear interest at the Prime Rate designated in the “Wall Street Journal”
plus four percent (4%) per annum, (or, if lower, the maximum rate permitted by
law) from such due date, which interest shall be immediately due and payable as
further additional rent; provided, however, Landlord hereby acknowledges and
agrees that Tenant shall have one (1) grace period of an additional five
(5) days per each calendar year of the Term before which such interest shall be
charged by Landlord.

 

ARTICLE V

LANDLORD’S COVENANTS

 

5.1           LANDLORD’S COVENANTS DURING THE TERM

 

Landlord covenants during the Term:

 

5.1.1        BUILDING SERVICES - TO FURNISH, THROUGH LANDLORD’S EMPLOYEES OR
INDEPENDENT CONTRACTORS, THE SERVICES LISTED IN EXHIBIT D;

 

5.1.2        ADDITIONAL BUILDING SERVICES - TO FURNISH, THROUGH LANDLORD’S
EMPLOYEES OR INDEPENDENT CONTRACTORS, REASONABLE ADDITIONAL SERVICES TO THE
BUILDING AND LOT UPON REASONABLE ADVANCE REQUEST OF TENANT, AT REASONABLE AND
COMPETITIVE RATES FROM TIME TO TIME ESTABLISHED BY LANDLORD TO BE PAID BY
TENANT;

 

5.1.3        REPAIRS - EXCEPT AS OTHERWISE PROVIDED IN ARTICLE VII, EXCEPT AS
RESULTING FROM TENANT’S NEGLIGENCE OR MISUSE (TO THE EXTENT INSURANCE PROCEEDS
ARE NOT AVAILABLE), EXCEPT AS RESULTING FROM SETTLING OR SAGGING WITHIN STANDARD
ENGINEERING TOLERANCE (PROVIDED THAT THE SETTLING OR SAGGING DOES NOT AFFECT THE
SURFACE OR STRUCTURAL INTEGRITY OF THE BUILDING OR IN ANY WAY MATERIALLY AFFECT
THE ORDINARY AND CUSTOMARY USE OF THE PREMISES, OR ANY PART THEREOF BY TENANT),
OR EXCEPT FOR DAMAGE OR DETERIORATION RESULTING FROM REASONABLE WEAR AND DAMAGE,
LANDLORD SHALL MAINTAIN THE STRUCTURAL INTEGRITY OF THE BUILDING, INCLUDING BUT
NOT LIMITED TO THE ROOF, EXTERIOR WALLS, AND WINDOWS AND SKYLIGHTS AND ALL
LANDLORD’S WORK PURSUANT TO THE LANDLORD’S WORK GUARANTY.  LANDLORD SHALL ALSO
BE

 

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RESPONSIBLE FOR (I) ALL EXTERIOR MAINTENANCE, REPAIRS AND REPLACEMENTS NECESSARY
TO KEEP IN GOOD CONDITION AND WORKING ORDER ALL COMMON AREAS OF THE BUILDING AND
THE PARK, AND THE TREES, SHRUBS, PLANTS, LANDSCAPING, PARKING AREAS (INCLUDING
THE BUILDING PARKING AREA), DRIVEWAYS AND WALKWAYS ON THE LOT OR ELSEWHERE IN
THE PARK, INCLUDING BUT NOT LIMITED TO, ALL LIGHTING AND OTHER FIXTURES AND
EQUIPMENT SERVING SUCH PARKING AREAS, DRIVEWAYS AND WALKWAYS, (II) PROVIDING THE
SERVICES AND PERFORMING THE MAINTENANCE WORK SET FORTH IN SECTION 4.2 AND
ARTICLE VII HEREOF, AND (III) PERFORMING NECESSARY REPAIRS AND REPLACEMENTS TO
MAINTAIN THE WATERTIGHT INTEGRITY OF THE BUILDING, INCLUDING BUT NOT LIMITED TO
THE ROOF, EXTERIOR WALL, WINDOWS AND SKYLIGHTS.  LANDLORD SHALL ALSO MAINTAIN,
REPAIR AND REPLACE ALL EQUIPMENT, APPLIANCES AND UTILITY SYSTEMS IN THE BUILDING
AS OF THE TERM COMMENCEMENT DATE AND AS THE SAME MAY BE REPLACED, INCLUDING,
WITHOUT LIMITATION, THE HVAC EQUIPMENT IN THE BUILDING, SUCH THAT IT SHALL BE IN
GOOD OPERATING CONDITION THROUGHOUT THE TERM.  LANDLORD SHALL MAKE ALL OF SUCH
REPAIRS AND REPLACEMENTS NECESSARY TO MAINTAIN THE FOREGOING IN GOOD CONDITION
AND WORKING ORDER AND IN COMPLIANCE WITH ALL LAWS AND ALL COSTS AND EXPENSES
UNDER THIS SECTION 5.1.3 SHALL BE INCURRED PURSUANT TO THE PROVISIONS OF
SECTION 4.2, OTHER THAN IF SUCH REPAIRS AND/OR REPLACEMENTS ARE NECESSARY DUE TO
A BREACH OF LANDLORD’S WORK GUARANTY, THE COSTS OF WHICH SHALL BE LANDLORD’S
SOLE RESPONSIBILITY.  ALL OTHER REPAIRS AND MAINTENANCE WITHIN THE PREMISES,
EXCEPT AS SPECIFICALLY OTHERWISE PROVIDED FOR HEREIN, SHALL BE THE
RESPONSIBILITY OF TENANT.  NOTWITHSTANDING THE FOREGOING, LANDLORD SHALL HAVE NO
RESPONSIBILITY TO INSTALL, REPAIR, MAINTAIN OR REPLACE ANY SECURITY SYSTEM, THE
PARTIES EXPRESSLY AGREEING THAT LANDLORD SHALL HAVE NO RESPONSIBILITY WHATSOEVER
FOR PROVIDING ANY SECURITY TO THE PREMISES, BUILDING OR LOT.

 

In the event that Tenant gives notice to Landlord of a condition which Tenant
believes requires Landlord’s repairs or a condition which, if left uncorrected,
will necessitate Landlord’s repair, then, in accordance with the terms of this
Section 5.1.3, Landlord shall respond promptly to investigate such condition,
and, if such repairs are Landlord’s obligation hereunder, Landlord shall
commence promptly to repair same and to diligently complete said repair.  Tenant
agrees during the Term to provide Landlord notice as soon as reasonably possible
of any condition known to Tenant which might require, or if left uncorrected
will necessitate Landlord’s repair pursuant to this Section 5.1.3.  Tenant shall
have the right to require, at reasonable times and with reasonable notice, a
representative of Landlord to inspect the Premises for repairs which may be the
responsibility of Landlord;

 

5.1.4        QUIET ENJOYMENT - THAT LANDLORD HAS THE RIGHT TO MAKE THIS LEASE
AND THAT TENANT, ON PAYING THE RENT AND PERFORMING ITS OBLIGATIONS HEREUNDER,
SHALL PEACEFULLY AND QUIETLY HAVE, HOLD AND ENJOY THE PREMISES THROUGHOUT THE
TERM WITHOUT ANY MANNER OF HINDRANCE OR MOLESTATION FROM LANDLORD OR ANYONE
CLAIMING UNDER LANDLORD, SUBJECT, HOWEVER, TO ALL THE TERMS AND PROVISIONS
HEREOF;

 

5.1.5        LANDLORD’S COMPLIANCE WITH LAWS - NOTWITHSTANDING ANYTHING
CONTAINED IN THIS LEASE TO THE CONTRARY, THROUGHOUT THE TERM, LANDLORD (AND NOT
TENANT) SHALL BE

 

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required to make all repairs, replacements and improvements to the Premises,
Building and Common Areas thereof and all systems and equipment therein and take
such other action as may be required and restricted by all applicable laws,
ordinances, rules and regulations of governmental bodies that apply to generally
and not related to Tenant’s particular use of the Premises.  All reasonable
costs and expenses incurred in connection therewith shall be part of Landlord’s
Operating Costs pursuant to Section 4.2, except as otherwise provided in this
Lease;

 

5.1.6        LANDLORD’S INSURANCE - BEGINNING WITH THE COMMENCEMENT OF TENANT’S
WORK AND THEREAFTER THROUGHOUT THE TERM, LANDLORD SHALL PURCHASE AND KEEP IN
FORCE, BROAD-FORM COMMERCIAL GENERAL LIABILITY INSURANCE, OR THE EQUIVALENT
THEN-CUSTOMARY FORM PROVIDING COMPARABLE COVERAGES, WRITTEN OUT ON AN OCCURRENCE
BASIS CONTAINING PROVISIONS ADEQUATE TO PROTECT THE LANDLORD FROM AND AGAINST
CLAIMS FOR BODILY INJURY, INCLUDING DEATH AND PERSONAL INJURY AND CLAIMS FOR
PROPERTY DAMAGE OCCURRING WITHIN THE PARK AND/OR THE BUILDING, SUCH INSURANCE
HAVING BODILY INJURY AND PROPERTY DAMAGE COMBINED LIMITS OF NOT LESS THAN FIVE
MILLION DOLLARS ($5,000,000) PER OCCURRENCE INCREASED AS NECESSARY SO AS TO BE
AT LEAST COMPARABLE WITH OTHER BUILDINGS SIMILAR TO THE BUILDING AND CUSTOMARILY
CARRIED BY OTHER LANDLORDS SIMILARLY SITUATED AS LANDLORD.  IN ADDITION,
LANDLORD SHALL PROCURE AND CONTINUE IN FORCE DURING THE TERM, AS THE SAME MAY BE
EXTENDED HEREUNDER, FIRE AND EXTENDED COVERAGE INSURANCE, INCLUDING VANDALISM,
SPRINKLER LEAKAGE AND MALICIOUS MISCHIEF, UPON THE BUILDING ON A FULL
REPLACEMENT COST BASIS, AGREED COST VALUE ENDORSEMENT WITH AGREED VALUES FOR THE
BUILDING AND TENANT IMPROVEMENTS INITIALLY INSTALLED BY LANDLORD (I.E.  THE
LANDLORD’S WORK), AS DETERMINED ANNUALLY BY THE LANDLORD’S INSURER.  LANDLORD
SHALL ALSO PROCURE AND CONTINUE IN FORCE DURING THE TERM, AS THE SAME MAY BE
EXTENDED HEREUNDER, RENTAL INTERRUPTION INSURANCE FOR TWELVE (12) MONTHS OR THE
MAXIMUM AMOUNTS PERMITTED.  COPIES OF CERTIFICATES OF INSURANCE EVIDENCING THE
FOREGOING SHALL BE FURNISHED TO TENANT, UPON TENANT’S REASONABLE REQUEST.  ALL
INSURANCE REQUIRED OF LANDLORD PURSUANT TO THIS SECTION SHALL BE EFFECTED UNDER
POLICIES ISSUED BY INSURERS OF RECOGNIZED RESPONSIBILITY (WHICH ARE RATED A OR
A+ BY BEST’S RATING SERVICE OR A COMPARABLE RATING BY AN EQUIVALENT SERVICE). 
THE COVERAGES REQUIRED BY THIS SECTION 5.1.6 MAY BE PROVIDED BY A SINGLE
“PACKAGE POLICY” OR BY A COMBINATION OF “PACKAGE POLICY” AND UMBRELLA;

 

5.1.7        LANDLORD’S INDEMNITY - EXCEPT AS PROVIDED IN SECTION 6.1.7 OR IN
SECTION 10.12, WITHOUT REGARD TO THE INSURANCE CARRIED BY LANDLORD, LANDLORD
COVENANTS AND AGREES TO DEFEND, WITH COUNSEL REASONABLY ACCEPTABLE TO TENANT,
SAVE HARMLESS AND INDEMNIFY TENANT FROM ANY LIABILITY FOR INJURY, LOSS, ACCIDENT
OR DAMAGE TO ANY PERSON OR PROPERTY ON THE PREMISES, IN THE BUILDING, ON THE
LOT, OR ELSEWHERE IN THE PARK, AND FROM ANY CLAIMS, ACTIONS, PROCEEDINGS AND
REASONABLE EXPENSES AND COSTS IN CONNECTION THEREWITH (INCLUDING, WITHOUT
IMPLIED LIMITATION, REASONABLE COUNSEL FEES), TO THE EXTENT ARISING FROM THE
NEGLIGENT ACTS, OMISSIONS AND/OR WILLFUL ACTS OF LANDLORD, ITS EMPLOYEES,
CONTRACTORS, AGENTS, OR REPRESENTATIVES, INCLUDING, WITHOUT LIMITATION, CLAIMS
MADE BY GCCI, ITS SUBCONTRACTORS OR THEIR EMPLOYEES IN CONNECTION WITH
LANDLORD’S WORK, AND NOT

 

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caused exclusively by the negligent acts, omissions and/or willful acts of
Tenant, in no event shall Landlord be obligated to indemnify Tenant for any
willful or negligent act or omission of Tenant or of any of Tenant’s employees,
agents, contractors or licensees, which arise from and after the date of this
Lease.  The covenants and indemnifications hereunder shall survive the
expiration or earlier termination of this Lease;

 

5.1.8        HAZARDOUS MATERIALS - LANDLORD REPRESENTS AND WARRANTS THAT, TO THE
BEST OF LANDLORD’S KNOWLEDGE AS OF THE DATE OF THIS LEASE AND AS OF THE DATE OF
SUBSTANTIAL COMPLETION (I) THERE DOES NOT EXIST (AND WILL NOT EXIST AS OF THE
DATE OF SUBSTANTIAL COMPLETION) ANY LEAK, SPILL, RELEASE, DISCHARGE, EMISSIONS
OR DISPOSAL OF HAZARDOUS MATERIALS ON THE LOT (INCLUDING THE BUILDING LOCATED
THEREON) IN VIOLATION OF THE HAZARDOUS WASTE LAWS, AND (II) THE PREMISES DO NOT
(AND WILL NOT AS OF THE DATE OF SUBSTANTIAL COMPLETION) CONTAIN ANY HAZARDOUS
MATERIALS, EXCEPT AS MAY BE CONTAINED IN CUSTOMARY CLEANING SUPPLIES OR IN SUCH
OTHER SUPPLIES (E.G.  PAINT) THAT ARE NECESSARY FOR LANDLORD TO PERFORM ITS
OBLIGATIONS HEREUNDER IN VIOLATION OF THE HAZARDOUS WASTE LAWS.  IN THE EVENT
THAT ANY SUCH LEAK, SPILL, RELEASE, DISCHARGE, EMISSION OR DISPOSAL OF HAZARDOUS
MATERIALS SHALL OCCUR ON THE LOT OR (APART FROM DE MINIMIS AMOUNTS OF SUCH
MATERIALS USED FOR CLEANING AND MAINTENANCE PURPOSES OR IN CONNECTION WITH THE
OPERATION OF LOADING DOCKS) THE PARK, OR IF THE PREMISES CONTAIN ANY HAZARDOUS
MATERIALS UNRELATED TO THE ACTS, OMISSIONS OR MISCONDUCT OF TENANT, LANDLORD
SHALL PROMPTLY TAKE ANY AND ALL ACTIONS NECESSARY TO BRING THE PREMISES, THE
PARK AND/OR THE BUILDING (EXCLUDING ALL PORTIONS THEREOF LEASED OR LEASABLE TO
TENANTS) INTO COMPLIANCE WITH APPLICABLE LAW AND OTHER GOVERNMENTAL REQUIREMENTS
RELATING THERETO.

 

Landlord agrees to notify Tenant immediately upon discovery of any Hazardous
Materials on the Premises or in the Park and to indemnify, defend and hold
harmless Tenant and its officers, employees and agents from and against any
claims, judgments, damages, penalties, fines, costs, liabilities or loss
(including without limitation reasonable attorneys’ fees) which arise during or
after the Term from or in connection with the presence or suspected presence of
Hazardous Materials on the Premises or in the Park caused directly by the
negligent acts or gross misconduct of Landlord.  In no event shall Landlord be
obligated to indemnify Tenant for any Hazardous Materials which arise, as a
result of the negligent acts or gross misconduct of Tenant, its officers,
employees, agents, contractors or licensees.  The covenants and indemnifications
set forth in this Section 5.1.8 shall survive the expiration or earlier
termination of this Lease;

 

5.1.9        TENANT’S COSTS - IN CASE TENANT SHALL, WITHOUT ANY FAULT ON ITS
PART, BE MADE PARTY TO ANY LITIGATION COMMENCED BY OR AGAINST LANDLORD OR BY OR
AGAINST ANY PARTIES IN POSSESSION OF THE PREMISES OR ANY PART THEREOF CLAIMING
UNDER LANDLORD, LANDLORD AGREES TO REIMBURSE TENANT FOR ALL REASONABLE COSTS,
INCLUDING WITHOUT IMPLIED LIMITATION, REASONABLE COUNSEL FEES, INCURRED BY OR
IMPOSED UPON TENANT IN CONNECTION WITH SUCH LITIGATION AND TO PAY ALL SUCH
REASONABLE COSTS AND FEES INCURRED IN CONNECTION WITH THE SUCCESSFUL ENFORCEMENT
BY TENANT OF ANY OBLIGATIONS OF LANDLORD UNDER THIS LEASE;

 

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5.1.10      BUILDING OPERATIONS - THROUGHOUT THE TERM, LANDLORD AGREES THAT THE
BUILDING WILL BE MANAGED, OPERATED AND MAINTAINED, AND SERVICES PROVIDED IN
ACCORDANCE WITH COMPARABLE CLASS “A” OFFICE BUILDINGS IN THE BURLINGTON,
MASSACHUSETTS AREA; AND

 

5.1.11      TENANT’S TRADE FIXTURES - LANDLORD HEREBY WAIVES ANY RIGHT OR
INTEREST IN OR TO TENANT’S TRADE FIXTURES, NOT-PERMANENT INSTALLATIONS,
FURNITURE AND EQUIPMENT (“PERSONALTY”). LANDLORD AGREES TO EXECUTE ANY
CERTIFICATES REASONABLY NECESSARY TO EVIDENCE THE WAIVER OF ANY SUCH RIGHT OR
INTEREST.  TENANT MAY, FROM TIME TO TIME, IF TENANT IS NOT THEN IN DEFAULT
THEREUNDER BEYOND APPLICABLE GRACE, NOTICE OR CURE PERIODS, SECURE FINANCING OR
GENERAL CREDIT LINES, AND GRANT THE LENDERS AS SECURITY THEREFOR A SECURITY
INTEREST IN ANY OR ALL OF ITS PERSONALTY, AND TO ENTER INTO LEASES OF THE
PERSONALTY.  IF TENANT IS NOT THEN IN DEFAULT UNDER THE PROVISIONS HEREOF BEYOND
APPLICABLE GRACE OR CURE PERIODS, UPON WRITTEN REQUEST BY TENANT, LANDLORD
AGREES TO EVIDENCE LANDLORD’S CONSENT IN WRITING TO SUCH SECURITY INTEREST AND
GIVEN SUCH LENDERS RIGHTS OF ACCESS TO THE PREMISES AT REASONABLE TIMES TO
PROTECT ITS SECURITY INTEREST AND THE SAME RIGHT TO NOTICE OF AND TIME TO CURE
ANY DEFAULTS OF TENANT AS IS PROVIDED FOR TENANT UNDER THE PROVISIONS OF THIS
LEASE.

 

Except as specifically provided to the contrary in Section 4.2 or in
Section 5.1.3, Landlord shall charge Tenant under the provisions of Section 4.2
for the costs incurred by Landlord in connection with the services and/or
repairs set forth in Section 5.1.1, 5.1.2, 5.1.3, 5.1.5, 5.1.6 and 5.1.10 above.

 

5.2           INTERRUPTIONS

 

Landlord shall not be liable to Tenant for any compensation or reduction of rent
by reason of inconvenience or annoyance or for loss of business arising from
power losses or shortages or from the necessity of Landlord’s entering the
Premises for any purposes authorized by this Lease or for repairing the
Premises, Building or Lot as herein provided, in such case, notwithstanding
Landlord’s diligent efforts in connection therewith (which such efforts shall
never obligate Landlord to pay for overtime and/or premium time work, or to pay
a premium for expedited delivery, except as such additional costs are so
authorized and paid for by Tenant), if Landlord is prevented or delayed from
making any repairs, alterations or improvements, or furnishing any service or
performing any other covenant or duty to be performed on Landlord’s part, by
reason of any cause reasonably beyond Landlord’s control (expressly excluding
Landlord’s financial inability), Landlord shall not be liable to Tenant
therefore, nor, except as expressly otherwise provided in Article VII or below
in this Section 5.2, shall Tenant be entitled to any abatement or reduction of
rent by reason thereof, nor shall the same give rise to a claim in Tenant’s
favor that such failure constitutes, actual or constructive, total or partial,
eviction from the Premises.  Landlord shall use reasonable efforts to restore
such interrupted services, regardless of the cause of loss of such service.

 

Landlord reserves the right to stop any service or utility system when necessary
by reason of accident or emergency or until necessary repairs have been
completed.  Except in case of emergency repairs, Landlord will give Tenant
reasonable advance notice of any contemplated

 

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stoppage and will use reasonable efforts to avoid unnecessary inconvenience to
Tenant’s use and occupancy of the Premises.

 

Notwithstanding any language to the contrary, if due to any act or omission on
the part of Landlord, its agents, employees or contractors, electricity, heat,
air conditioning, water or any other service or utility that Tenant is entitled
to receive under this Lease is interrupted, and such interruption renders the
Premises untenantable, or any portion thereof is reasonably inaccessible by
Tenant or makes it impracticable for Tenant to conduct its business in the
Premises, then if such interruption or cessation shall continue for a period of
thirty (30) consecutive days after notice thereof from Tenant to Landlord that
the Premises are untenantable, or reasonably inaccessible, or Tenant cannot
conduct its business as a result thereof, then the Fixed Rent and additional
rent shall be proportionately abated for each successive day such interruption
or cessation continues based upon that certain portion of the Premises that are
affected by such interruption (other than for reasons of casualty or eminent
domain where the provisions of Article VII shall govern).

 

Except as set forth in this Section 5.2 or in Article VII, the foregoing rights
shall be Tenant’s sole remedy at law or in equity for any interruptions
described in this Section 5.2.

 

ARTICLE VI

TENANT’S COVENANTS

 

6.1           TENANTS COVENANTS DURING THE TERM

 

Tenant covenants during the Term:

 

6.1.1        TENANT’S PAYMENTS - TO PAY WHEN DUE (A) ALL FIXED RENT AND
ADDITIONAL RENT, (B) ALL TAXES WHICH MAY BE IMPOSED ON TENANT’S PERSONAL
PROPERTY IN THE PREMISES (INCLUDING, WITHOUT LIMITATION, TENANT’S FIXTURES AND
EQUIPMENT) SUBJECT, HOWEVER, TO TENANT’S RIGHT TO CONTEST AND SEEK ABATEMENT
THEREOF, (C) DIRECTLY TO THE UTILITY PROVIDER (IF NOT PAYABLE TO LANDLORD), ALL
CHARGES BY PUBLIC UTILITY FOR TELEPHONE AND OTHER UTILITY SERVICES (INCLUDING
SERVICE INSPECTIONS THEREFOR AND THE CHARGES AS MAY BE IMPOSED PURSUANT TO
EXHIBIT D HEREOF) RENDERED TO THE PREMISES NOT OTHERWISE REQUIRED HEREUNDER TO
BE FURNISHED BY LANDLORD WITHOUT CHARGE AND NOT CONSUMED IN CONNECTION WITH ANY
SERVICES REQUIRED TO BE FURNISHED BY LANDLORD WITHOUT CHARGE, AND (D) AS
ADDITIONAL RENT, ALL REASONABLE CHARGES OF LANDLORD FOR SERVICES RENDERED
PURSUANT TO SECTION 5.1.1, 5.1.2, 5.1.3, 5.1.5, 5.1.6 AND 5.1.10 HEREOF;

 

6.1.2        REPAIRS AND YIELDING UP - EXCEPT AS OTHERWISE PROVIDED IN
ARTICLE VII AND SECTION 5.1.3, AND REASONABLE WEAR AND DAMAGE OR DESTRUCTION BY
CASUALTY OR EMINENT DOMAIN EXCEPTED, TO KEEP THE INTERIOR, NON-STRUCTURAL AND
NON-BUILDING SYSTEM ELEMENTS OF THE PREMISES AND ALL FIXTURES THEREON AND
THEREIN IN GOOD REPAIR, OPERATING CONDITION AND WORKING ORDER, AT TENANT’S COST
AND EXPENSE; TO MAKE AND PERFORM OR CAUSE TO BE MADE OR PERFORMED ALL INTERIOR
MAINTENANCE, REPAIRS AND REPLACEMENTS NECESSARY TO KEEP THE PREMISES IN SUCH
CONDITION, INCLUDING, WITHOUT LIMITATION, BY THEIR INCLUSION, INTERIOR
REPAINTING AND

 

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REPLACEMENT OF INTERIOR GLASS DAMAGED OR BROKEN (EXCEPT THAT IF EXTERIOR GLASS
IS DAMAGED OR BROKEN DUE TO ANY ACT OR OMISSION ON THE PART OF TENANT, ITS
SUBTENANTS, CONTRACTORS, LICENSEES OR OTHER PARTY ACTING ON BEHALF OF TENANT,
THEN LANDLORD SHALL BE RESPONSIBLE TO REPAIR AND/OR REPLACE SUCH DAMAGED OR
BROKEN GLASS, AT TENANT’S SOLE COST AND EXPENSE) AND OF FLOOR AND WALL COVERINGS
TORN OR DAMAGED.  SUCH TENANT REPAIR, MAINTENANCE AND REPLACEMENT OBLIGATIONS
SHALL BE PERFORMED AT TENANT’S COST AND EXPENSE, AND SHALL INCLUDE, BUT NOT BE
LIMITED TO, THE RESPONSIBILITY FOR ANY SECURITY SYSTEM WITHIN THE PREMISES. 
LANDLORD RESERVES ITS RIGHT TO INSPECT THE MAINTENANCE AND REPAIR AND
REPLACEMENT OF SUCH UNITS AND SYSTEMS, AND IF LANDLORD IS REASONABLY
DISSATISFIED WITH TENANT’S MAINTENANCE AND REPAIR AND REPLACEMENT OF SUCH UNITS
AND SYSTEMS, THEN LANDLORD SHALL HAVE THE RIGHT TO REQUIRE TENANT TO CHANGE
MAINTENANCE CONTRACTORS OR ASSUME SUCH RESPONSIBILITY ITSELF, AT TENANT’S COST.

 

Tenant further covenants, at the expiration or termination of this Lease,
peaceably to yield up the Premises and all changes and additions therein in such
order, repair and condition, damage by fire or other casualty excepted, first
removing all goods and effects of Tenant and any items, the removal of which is
required by agreement or specified therein to be removed at Tenant’s election
and which Tenant elects to remove, and repairing all damage caused by such
removal and leaving them clean and neat; any property not so removed shall be
deemed abandoned and may be removed and disposed of by Landlord, in such manner
as Landlord shall determine, and Tenant shall pay Landlord the entire reasonable
cost and expense incurred by it by effecting such removal and disposition;

 

6.1.3        OCCUPANCY AND USE - TO USE AND OCCUPY THE PREMISES ONLY FOR THE
PERMITTED USES; AND NOT TO INJURE OR DEFACE THE PREMISES, BUILDING (INCLUDING
THE COMMON AREAS) OR LOT OR PARK; AND NOT TO PERMIT IN THE PREMISES ANY AUCTION
SALE, NUISANCE, OR THE EMISSION FROM THE PREMISES OF ANY OBJECTIONABLE NOISE OR
ODOR; NOR ANY USE THEREOF WHICH IS IMPROPER, OFFENSIVE, CONTRARY TO LAW OR
ORDINANCES, OR LIABLE TO INVALIDATE OR INCREASE THE PREMIUMS FOR ANY INSURANCE
ON THE BUILDING OR ITS CONTENTS, UNLESS TENANT AGREES TO PAY SUCH INCREASED
PREMIUMS AND COSTS, AND SUCH USE (IF OTHER THAN PERMITTED USES) IS APPROVED BY
LANDLORD IN ADVANCE;

 

6.1.4        RULES AND REGULATIONS - TO COMPLY WITH THE RULES AND REGULATIONS
SET FORTH IN EXHIBIT E AND ALL OTHER REASONABLE RULES AND REGULATIONS HEREAFTER
MADE BY LANDLORD, OF WHICH TENANT HAS BEEN GIVEN NOTICE, FOR THE CARE AND USE OF
THE BUILDING, LOT AND COMMON AREAS OF THE BUILDING, AND THE PARK, IT BEING
UNDERSTOOD THAT LANDLORD SHALL NOT BE LIABLE TO TENANT FOR THE FAILURE OF OTHER
TENANTS OF THE BUILDING OR PARK TO CONFORM TO SUCH RULES AND REGULATIONS;
PROVIDED THAT (I) SUCH RULES AND REGULATIONS ARE ENFORCED IN A NON-
DISCRIMINATORY FASHION, (II) SUCH RULES AND REGULATIONS DO NOT MATERIALLY
INTERFERE WITH TENANT’S USE OF THE PREMISES AND THE BUILDING PARKING AREA (AS
HEREINAFTER DEFINED IN SECTION 10.14) AND (III) IN THE EVENT OF ANY CONFLICT,
THIS LEASE SHALL PREVAIL;

 

6.1.5        COMPLIANCE WITH LAWS AND SAFETY APPLIANCES - TO KEEP, FROM AND
AFTER THE INITIAL INSTALLATION THEREOF BY LANDLORD, THE PREMISES EQUIPPED WITH
ALL SAFETY APPLIANCES

 

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REQUIRED BY LAW OR ORDINANCE OR ANY OTHER REGULATION OF ANY PUBLIC AUTHORITY
BECAUSE OF ANY PARTICULAR MANNER OF USE MADE BY TENANT OTHER THAN THE PERMITTED
USE (EXPRESSLY EXCLUDING ANY BASE BUILDING REQUIREMENT SUCH AS SPRINKLER
SYSTEMS, EXIT SIGNS AND THE LIKE) AND TO PROCURE ALL LICENSES AND PERMITS SO
REQUIRED BECAUSE OF SUCH PARTICULAR USE, IT BEING UNDERSTOOD THAT THE FOREGOING
PROVISIONS SHALL NOT BE CONSTRUED TO BROADEN IN ANY WAY TENANT’S PERMITTED
USES.  TENANT SHALL HAVE THE RIGHT, UPON GIVING NOTICE TO THE LANDLORD, TO
CONTEST ANY OBLIGATION IMPOSED UPON IT PURSUANT TO THE PROVISIONS OF THIS
SECTION 6.1.5, AND PROVIDED THE ENFORCEMENT OF SUCH REQUIREMENT OR LAW IS STAYED
DURING SUCH CONTEST AND SUCH CONTEST WILL NOT SUBJECT THE LANDLORD TO PENALTY OR
JEOPARDIZE THE TITLE TO THE PREMISES OR OTHERWISE AFFECT THE PREMISES IN ANY
MATERIALLY, ADVERSE WAY. LANDLORD SHALL COOPERATE WITH TENANT IN SUCH CONTEST
AND SHALL EXECUTE ANY DOCUMENTS REASONABLY REQUIRED IN THE FURTHERANCE OF SUCH
PURPOSE;

 

6.1.6        ASSIGNMENT AND SUBLETTING -TENANT SHALL HAVE THE RIGHT, SUBJECT TO
THE REQUIREMENT OF OBTAINING LANDLORD’S PRIOR WRITTEN CONSENT, SUCH CONSENT NOT
TO BE UNREASONABLY WITHHELD, CONDITIONED OR DELAYED BY LANDLORD, TO ASSIGN THIS
LEASE OR SUBLET THE WHOLE OR ANY PORTION OF THE PREMISES, WHICH ASSIGNMENT OR
SUBLEASE SHALL BE ONLY FOR THE PERMITTED USES, IT BEING UNDERSTOOD THAT TENANT
SHALL, AS ADDITIONAL RENT, REIMBURSE LANDLORD PROMPTLY FOR REASONABLE LEGAL AND
OTHER EXPENSES INCURRED BY LANDLORD IN CONNECTION WITH ANY REQUEST BY TENANT FOR
CONSENT TO ASSIGNMENT OR SUBLETTING NOT TO EXCEED $500.00.  NO ASSIGNMENT OR
SUBLETTING SHALL AFFECT THE CONTINUING PRIMARY LIABILITY OF TENANT (WHICH,
FOLLOWING ASSIGNMENT, SHALL BE JOINT AND SEVERAL WITH THE ASSIGNEE).  SUCH
CONSENT BY LANDLORD TO ANY OF THE FOREGOING IN A SPECIFIC INSTANCE WHERE
LANDLORD’S CONSENT IS REQUIRED HEREUNDER (I) SHALL BE REASONABLE, SUBJECT TO THE
PROVISIONS HEREINAFTER PROVIDED, AND (II) SHALL BE SUBJECT TO THE PRIOR WRITTEN
APPROVAL OF LANDLORD’S MORTGAGEE(S), SUCH APPROVAL NOT TO BE UNREASONABLY
WITHHELD OR DELAYED OR CONDITIONED ON AN INCREASE IN RENT OR PAYMENT OF
ADDITIONAL FEES BY TENANT UNDER THIS LEASE.  LANDLORD’S CONSENT SHALL NOT BE
TREATED AS HAVING BEEN WITHHELD UNREASONABLY IF, IN CONNECTION WITH ANY SUCH
PROPOSED ASSIGNMENT OR SUBLETTING: (I) THE TERMS OF THE PROPOSED ASSIGNMENT OR
SUBLETTING DO NOT PROHIBIT FURTHER ASSIGNMENTS OF THE LEASE OR SUBLETTING OF THE
PREMISES WITHOUT THE WRITTEN CONSENT OF LANDLORD, THE GRANTING OF WHICH CONSENT
SHALL BE SUBJECT TO THE TERMS AND CONDITIONS HEREOF, AND IN ANY EVENT SHALL NOT
BE UNREASONABLY WITHHELD, CONDITIONED OR DELAYED; (II) THE USE VIOLATES AN
EXCLUSIVE USE PROVISION OF THE PARK; AND/OR (III) IN CONNECTION WITH AN
ASSIGNMENT OF THIS LEASE, THE ASSIGNEE DOES NOT AGREE DIRECTLY WITH LANDLORD, BY
WRITTEN INSTRUMENT IN FORM REASONABLY SATISFACTORY TO LANDLORD, TO BE BOUND BY
ALL THE OBLIGATIONS OF TENANT HEREUNDER INCLUDING, WITHOUT LIMITATION, THE
COVENANT AGAINST FURTHER ASSIGNMENT AND SUBLETTING WITHOUT THE WRITTEN CONSENT
OF LANDLORD.  TENANT HEREBY ACKNOWLEDGES AND AGREES THAT THE FOREGOING IS NOT
INTENDED TO BE AN EXCLUSIVE LIST OF THE REASONS FOR WHICH LANDLORD MAY
REASONABLY WITHHOLD CONSENT TO A PROPOSED REQUEST BY TENANT FOR CONSENT TO
ASSIGNMENT OR SUBLETTING.  NO CONSENT TO ANY OF THE FOREGOING IN A SPECIFIC
INSTANCE SHALL OPERATE AS WAIVER IN ANY SUBSEQUENT INSTANCE.  IF AN ASSIGNMENT
OR SUBLETTING IS PROPOSED TO BE MADE AND LANDLORD’S CONSENT IS REQUIRED AS
HEREINABOVE PROVIDED, TENANT SHALL GIVE LANDLORD PRIOR

 

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NOTICE OF SUCH PROPOSAL, WHICH SUCH NOTICE SHALL INCLUDE SUCH INFORMATION
(INCLUDING CREDITWORTHINESS INFORMATION) AS LANDLORD MAY REASONABLY REQUEST
RELATIVE TO FACTS WHICH WOULD BEAR UPON THE FACTORS ENTERING INTO THE
DETERMINATION WHETHER LANDLORD’S APPROVAL IS TO BE GRANTED, AND IT IS UNDERSTOOD
THAT LANDLORD SHALL HAVE A PERIOD OF FIFTEEN (15) DAYS AFTER THE SUBMISSION OF
SUCH INFORMATION BY TENANT TO MAKE ITS DETERMINATION WHETHER LANDLORD’S APPROVAL
IS TO BE GRANTED HEREUNDER; OTHERWISE, IT SHALL BE DEEMED APPROVED IF LANDLORD
FAILS TO RESPOND WITHIN THE AFOREMENTIONED TIME PERIOD, IN SUCH EVENT, LANDLORD
COVENANTS TO EXECUTE CONFIRMATORY INSTRUMENTS UPON TENANT’S REQUEST REGARDING
THE SAME.

 

If Tenant requests Landlord’s consent to assign this Lease or sublet the entire
Premises for the balance of the term, or more than fifty percent (50%) of the
Premises for a term expiring during the last three (3) years of the Term, which
such request may be made by Tenant without having sought a tenant, then Landlord
shall have the option, exercisable by written notice to Tenant given within
fifteen (15) days after receipt of such request, to recapture the portion of the
Premises proposed to be assigned or sublet as of a date specified in such notice
which shall be not less than forty-five (45), or more than sixty (60) days after
the date of such notice, in such event the recaptured area of the Premises shall
be removed from the Premises and Tenant shall have no further liabilities or
obligations with respect thereto, including obligations to pay Fixed Rent,
additional rent or other charges with respect thereto; and any rental received
by Tenant from sub-tenant must be remitted to Landlord; provided, however, upon
Tenant’s receipt of any such written notice from Landlord exercising its right
of recapture hereunder, Tenant shall have the option, exercisable by written
notice to Landlord given within ten (10) days after receipt of such Landlord’s
notice, to withdraw its request to assign or sublet all or a portion of the
Premises, whereupon Landlord’s notice to Tenant exercising its right of
recapture hereunder shall become null and void and of no force or effect as to
Tenant’s particular request for Landlord’s consent hereunder.

 

Notwithstanding any provision contained in this Lease, no consent of Landlord
shall be required for the assignment of this Lease or the subletting of any
portion (or the whole) of the Premises, (i) to a subsidiary of Tenant, (ii) to a
corporation or other entity into or with which Tenant has merged or consolidated
or to which substantially all of Tenant’s stock or assets are transferred,
(iii) to any corporation or other entity which controls, is controlled by, or is
under common control with Tenant, or (iv) to any corporation or other entity
with which Tenant is otherwise affiliated, in any event for which Landlord’s
consent is necessary, (y) Tenant shall remain primarily liable [and the Security
Deposit] shall remain in effect, and (z) such assignee agrees directly with
Landlord by written instrument to be bound by all of the obligations of Tenant;
in the event of any such assignment or subletting for which no consent by
Landlord is required hereunder, Tenant shall not be obligated to share Rent
Differential as hereinafter set forth, but shall be required to notify Landlord
in writing of the identity of any such sublessee or assignee.

 

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If this Lease shall be assigned, or if the Premises or any part hereof shall be
sublet or occupied by any person other than Tenant, Landlord may, at any time
and from time to time, so long as Tenant is in default beyond applicable grace
periods, collect rent (or any amounts due to Landlord hereunder) from the
assignee, subtenant or occupant and apply the net amount collected to the annual
Fixed Rent, additional rent and all other charges herein reserved, but no such
assignment, subletting, occupancy or collection shall be deemed a waiver of the
provisions of this Section 6.1.6, or acceptance of the assignee, subtenant or
occupant as tenant, or a release of Tenant from the further performance of the
terms, covenants and conditions of this Lease on the part of Tenant to be
performed.  Further, no liability hereunder of Tenant shall be discharged,
reduced, released or impaired in any respect by any waiver, indulgence or
extension of time which Landlord may grant to the then owner of Tenant’s
interest in this Lease, whether or not notice thereof has been given or consent
from Tenant has been obtained.

 

If Landlord approves a sublease or assignment for which Landlord’s consent is
required, and said sublease or assignment is for a total rental amount which on
an annualized basis is greater than the Fixed Rent and additional rent due from
Tenant to Landlord under this Lease, Tenant shall pay to Landlord, forthwith
upon Tenant’s receipt of each installment of such excess rent, during the term
of any approved sublease or assignment, as additional rent hereunder, in
addition to the Fixed Rent and other payments due under this Lease, an amount
equal to fifty percent (50%) of the positive excess between all fixed rent and
additional rent received by Tenant under the sublease or assignment and the
Fixed Rent and the additional rent due hereunder after Tenant has recouped its
reasonable out-of-pocket expenses with respect to such sublease or assignment,
including without limitation, reasonable real estate brokerage commissions,
reasonable legal fees, reasonable free rent, reasonable marketing costs and the
reasonable costs of refurbishment of the Premises for such sublease or
assignment (the “Rent Differential”), in the event the sublease is for less than
the full Premises hereunder, the above rent adjustment shall be equitably pro
rated on a square foot basis.  Anything contained in the foregoing provisions of
this section to the contrary notwithstanding, neither Tenant nor any other
person having interest in the possession, use, occupancy or utilization of the
Premises shall enter into any lease, sublease, license, concession or other
agreement for use, occupancy or utilization of space in the Premises which
provides for rental or other payment for such use, occupancy or utilization
based, in whole or primarily on the net income or profits derived by any person
from the Premises leased, used, occupied or utilized (other than an amount based
on a fixed percentage or percentages of receipts or sales), and any such
purported lease, sublease, license, concession or other agreement shall be
absolutely void and ineffective as a conveyance of any right or interest in the
possession use, occupancy or utilization of any part of the Premises;

 

6.1.7        INDEMNITY - EXCEPT AS PROVIDED IN SECTION 5.17 AND SECTION 10.12,
WITHOUT REGARD TO THE INSURANCE CARRIED BY TENANT, TENANT COVENANTS AND AGREES
TO DEFEND, WITH

 

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COUNSEL REASONABLY ACCEPTABLE TO LANDLORD, SAVE HARMLESS, AND INDEMNIFY LANDLORD
FROM ANY LIABILITY FOR INJURY, LOSS, ACCIDENT OR DAMAGE TO ANY PERSON OR
PROPERTY OCCURRING ON THE PREMISES, IN THE BUILDING, ON THE LOT, OR ELSEWHERE IN
THE PARK, AND FROM ANY CLAIMS, ACTIONS, PROCEEDINGS AND EXPENSES AND COSTS IN
CONNECTION THEREWITH OR ELSEWHERE IN THE PARK (INCLUDING, WITHOUT IMPLIED
LIMITATION, REASONABLE COUNSEL FEES): (I) TO THE EXTENT ARISING FROM THE
NEGLIGENT ACTS, OMISSIONS AND/OR WILLFUL ACTS OF TENANT OR ANY OF TENANT’S
EMPLOYEES, AGENTS, CONTRACTORS, SUBTENANTS, ASSIGNEES, LICENSEES OR INVITEES AND
NOT CAUSED EXCLUSIVELY BY THE NEGLIGENT ACTS, OMISSIONS AND/OR WILLFUL ACTS OF
LANDLORD, OR (II) RESULTING FROM THE FAILURE OF TENANT TO PERFORM AND DISCHARGE
ITS COVENANTS AND OBLIGATIONS UNDER THIS LEASE.  IN NO EVENT SHALL TENANT BE
OBLIGATED TO INDEMNIFY LANDLORD FOR ANY WILLFUL OR NEGLIGENT ACT OR OMISSION OF
LANDLORD OR ANY OF LANDLORD’S EMPLOYEES, AGENTS, CONTRACTORS OR LICENSEES, WHICH
ARISE FROM AND AFTER THE DATE OF THIS LEASE.  THE COVENANTS AND INDEMNIFICATIONS
SET FORTH IN THIS SECTION 6.1.7 SHALL SURVIVE THE EXPIRATION OR EARLIER
TERMINATION OF THIS LEASE;

 

6.1.8        TENANT’S LIABILITY INSURANCE - TO MAINTAIN, THROUGHOUT THE TERM,
PUBLIC LIABILITY INSURANCE IN THE PREMISES IN AMOUNTS WHICH SHALL, AT THE
BEGINNING OF THE TERM, BE AT LEAST EQUAL TO THE LIMITS SET FORTH IN SECTION 1.1
AND FROM TIME TO TIME DURING THE TERM, SHALL BE FOR SUCH HIGHER LIMITS, IF ANY,
AS ARE CUSTOMARILY CARRIED IN THE AREA IN WHICH THE PREMISES ARE LOCATED ON
PROPERTY SIMILAR TO THE PREMISES AND USED FOR SIMILAR PURPOSES AND, UPON WRITTEN
REQUEST THEREFOR, TO FURNISH LANDLORD (AND/OR ITS MORTGAGEES) WITH CERTIFICATES
THEREOF, PRIOR TO OCCUPANCY HEREUNDER, EVIDENCING SUCH COVERAGE AND PROVIDING
THAT THE INSURANCE INDICATED THEREIN SHALL NOT BE CANCELLED WITHOUT AT LEAST
THIRTY (30) DAYS PRIOR WRITTEN NOTICE TO LANDLORD.  (TENANT’S INSURER SHALL
ENDEAVOR TO GIVE SAID THIRTY (30) DAYS NOTICE.) LANDLORD AND ITS MORTGAGEE SHALL
BE NAMED AS ADDITIONAL INSUREDS ON SUCH POLICY;

 

6.1.9        TENANT’S WORKMEN’S COMPENSATION INSURANCE - TO KEEP ALL TENANT’S
EMPLOYEES WORKING IN THE PREMISES COVERED BY WORKMEN’S COMPENSATION INSURANCE IN
STATUTORY AMOUNTS AND TO FURNISH LANDLORD WITH CERTIFICATES THEREOF;

 

6.1.10      LANDLORD’S RIGHT OF ENTRY - UPON NOT LESS THAN FORTY-EIGHT (48)
HOURS (OR SEVENTY-TWO (72) IF OVER A WEEKEND) PRIOR NOTICE (EXCEPT IN THE EVENT
OF EMERGENCIES), TO PERMIT LANDLORD AND LANDLORD’S AGENTS ENTRY; TO EXAMINE THE
PREMISES AT REASONABLE TIMES AND, IF LANDLORD SHALL SO ELECT, TO MAKE REPAIRS OR
REPLACEMENTS; TO REMOVE, AT TENANT’S EXPENSE, ANY CHANGES, ADDITIONS, SIGNS,
CURTAINS, BLINDS, SHADES, AWNINGS, AERIALS, FLAGPOLES, OR OTHER IMPROVEMENTS
VISIBLE OUTSIDE THE BUILDING NOT CONSENTED TO IN WRITING; AND TO SHOW THE
PREMISES TO PROSPECTIVE TENANTS DURING THE TWELVE (12) MONTHS PRECEDING
EXPIRATION OF THE TERM AND TO PROSPECTIVE PURCHASERS AND MORTGAGEES AT ALL
REASONABLE TIMES;

 

6.1.11      LOADING - NOT TO PLACE A LOAD UPON THE PREMISES EXCEEDING AN AVERAGE
RATE OF ONE HUNDRED (100) POUNDS OF LIVE LOAD PER SQUARE FOOT OF FLOOR AREA; AND
NOT TO MOVE ANY SAFE, VAULT OR OTHER HEAVY EQUIPMENT IN, ABOUT OR OUT OF THE
PREMISES EXCEPT IN SUCH A MANNER AND AT SUCH TIMES AS LANDLORD SHALL IN EACH
INSTANCE REASONABLY APPROVE; TENANT’S BUSINESS MACHINES AND MECHANICAL EQUIPMENT
WHICH CAUSE

 

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VIBRATION OR NOISE THAT MAY BE TRANSMITTED TO THE BUILDING STRUCTURE IN EXCESS
OF CUSTOMARY OFFICE MACHINERY AND EQUIPMENT SHALL BE PLACED AND MAINTAINED BY
TENANT IN SETTINGS OF CORK, RUBBER, SPRING, OR OTHER TYPES OF VIBRATION
ELIMINATORS SUFFICIENT TO ELIMINATE SUCH VIBRATION OR NOISE;

 

6.1.12      LANDLORD’S COSTS - IN CASE LANDLORD SHALL, WITHOUT ANY FAULT ON ITS
PART, BE MADE PARTY TO ANY LITIGATION COMMENCED BY OR AGAINST TENANT OR BY ANY
PARTY CLAIMING UNDER TENANT, TO PAY, AS ADDITIONAL RENT, ALL ACTUAL THIRD PARTY
REASONABLE COSTS INCLUDING, WITHOUT IMPLIED LIMITATION, REASONABLE COUNSEL FEES
INCURRED BY OR IMPOSED UPON LANDLORD IN CONNECTION WITH SUCH LITIGATION, AND, AS
ADDITIONAL RENT, ALSO TO PAY ALL SUCH REASONABLE COSTS AND FEES INCURRED BY
LANDLORD IN CONNECTION WITH THE SUCCESSFUL ENFORCEMENT BY LANDLORD OF ANY
OBLIGATIONS OF TENANT UNDER THIS LEASE;

 

6.1.13      TENANT’S PROPERTY - ALL THE FURNISHINGS, FIXTURES, EQUIPMENT,
EFFECTS AND PROPERTY OF EVERY KIND, NATURE AND DESCRIPTION OF TENANT AND OF ALL
PERSONS CLAIMING BY, THROUGH OR UNDER TENANT WHICH, DURING THE CONTINUANCE OF
THIS LEASE OR ANY OCCUPANCY OF THE PREMISES BY TENANT OR ANYONE CLAIMING UNDER
TENANT, MAY BE ON THE PREMISES OR ON THE LOT SHALL BE AT THE SOLE RISK AND
HAZARD OF TENANT, EXCEPT FOR LANDLORD’S NEGLIGENCE OR WILLFUL ACT OR OMISSION,
AND IF THE WHOLE OR ANY PART THEREOF SHALL BE DESTROYED OR DAMAGED BY FIRE,
WATER OR OTHERWISE, OR BY THE LEAKAGE OR BURSTING OF WATER PIPES, STEAM PIPES,
OR OTHER PIPES, BY THEFT, OR FROM ANY OTHER CAUSE, NO PART OF SAID LOSS OR
DAMAGE IS TO BE CHARGED TO OR TO BE BORNE BY LANDLORD, EXCEPT IF CAUSED DIRECTLY
BY LANDLORD’S NEGLIGENCE OR WILLFUL MISCONDUCT;

 

6.1.14      LABOR OR MATERIALMEN’S LIENS - TO PAY PROMPTLY WHEN DUE THE ENTIRE
COST OF ANY WORK DONE ON THE PREMISES BY TENANT, ITS AGENTS, EMPLOYEES, OR
INDEPENDENT CONTRACTORS AND NOT BY LANDLORD, GCCI OR THEIR CONTRACTORS OR
SUBCONTRACTORS FOR LANDLORD’S WORK PURSUANT TO ARTICLE III; NOT TO CAUSE OR
PERMIT ANY LIENS FOR LABOR OR MATERIAL PERFORMED OR FURNISHED IN CONNECTION
THEREWITH TO ATTACH TO THE PREMISES; BUT WITHIN THIRTY (30) DAYS AFTER TENANT’S
RECEIPT OF NOTICE THEREOF, TO DISCHARGE OR BOND OVER ANY SUCH LIENS WHICH MAY SO
ATTACH;

 

6.1.15      CHANGES OR ADDITIONS - NOT TO MAKE ANY MATERIAL CHANGES OR
ALTERATIONS TO THE PREMISES, INCLUDING ANY ALTERATIONS (DEFINED BELOW) COSTING
IN EXCESS OF FIFTEEN THOUSAND DOLLARS ($15,000.00) IN ANY ONE INSTANCE, WITHOUT
LANDLORD’S PRIOR WRITTEN CONSENT, WHICH SUCH CONSENT SHALL NOT BE UNREASONABLY
WITHHELD, CONDITIONED OR DELAYED, EXCEPT IN THE EVENT OF STRUCTURAL CHANGES OR
CHANGES TO THE EXTERIOR OF THE BUILDING OR EXISTING BUILDING SYSTEMS INCLUDING
THE LIFE SAFETY, MECHANICAL, ELECTRICAL, OR PLUMBING SYSTEMS, IN WHICH EVENT
CONSENT NEED NOT BE REASONABLE AND MAY BE WITHHELD IN LANDLORD’S SOLE DISCRETION
(COLLECTIVELY HEREIN CALLED “CHANGES”).  NOTWITHSTANDING THE FOREGOING, TENANT
MAY, FROM TIME TO TIME, AT ITS OWN COST AND EXPENSE AND WITHOUT THE CONSENT OF
LANDLORD, MAKE NON-STRUCTURAL ALTERATIONS, ADDITIONS OR IMPROVEMENTS TO THE
PREMISES, SO LONG AS THEY DO NOT CONSTITUTE CHANGES, WHICH MAY BE PERFORMED
WITHOUT LANDLORD’S CONSENT (COLLECTIVELY HEREIN CALLED “ALTERATIONS”) WHOSE COST
IN ANY ONE INSTANCE IS FIFTEEN

 

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THOUSAND DOLLARS ($15,000.00) OR LESS.  TENANT SHALL NOTIFY LANDLORD IN WRITING
OF ANY PROPOSED ALTERATIONS.  DECORATIVE WORK WITHIN THE PREMISES SHALL NOT
CONSTITUTE CHANGES OR ALTERATIONS.  IF LANDLORD REASONABLY CONCLUDES THAT THE
ALTERATIONS INVOLVE ANY UNUSUAL CONSTRUCTION, ALTERATIONS OR ADDITIONS
REQUIRING, MATERIAL, UNUSUAL EXPENSE TO READAPT THE PREMISES TO NORMAL OFFICE
USE ON THE TERM EXPIRATION DATE, LANDLORD SHALL NOTIFY TENANT IN WRITING AT THE
TIME OF APPROVAL THAT SUCH RE-ADAPTATION WILL BE REQUIRED TO BE MADE BY TENANT
PRIOR TO SUCH TERM EXPIRATION DATE WITHOUT EXPENSE TO LANDLORD.

 

Any and all alterations, including Changes or Alterations to be performed beyond
the Landlord’s Work shall be performed by GCCI at cost plus ten percent (10%) as
defined in Article in above, if Landlord so elects to perform the same. 
Landlord shall provide to Tenant appropriate backup data regarding invoices
submitted.  If Landlord does not elect to perform such Changes or Alterations,
then such alterations, including Changes or Alterations shall be done by any
reasonable contractor chosen by Tenant, subject to the following sentence,
provided any such contractor is reputable, bondable by reputable bonding
companies (although no bond is required so long as Landlord is adequately
protected against any liens), carries the kind of insurance and in the amounts
set forth herein, and will work in harmony with Landlord’s contractors and
laborers in the Building or Park.  Tenant agrees that Landlord shall have the
right to reasonably approve Tenant’s chosen contractor.  Notwithstanding the
foregoing, no such bonding is required for interior, non-structural, non-roof,
non-mechanical Changes or Alterations.  Tenant in making any alterations,
including Changes or Alterations, shall cause all work to be done in a good and
workmanlike manner using materials substantially equal to or better than those
used in the construction of the Premises and shall comply with or cause
compliance with all laws and with any direction given by any public officer
pursuant to law.  Tenant shall obtain or cause to be obtained and maintain in
effect, as necessary, all building permits, licenses, temporary and permanent
certificates of occupancy and other governmental approvals which may be required
in connection with the making of any alterations, including the Changes or
Alterations.  Landlord shall cooperate with Tenant in the obtaining thereof and
shall execute any documents reasonably required in furtherance of such purpose,
provided any such cooperation shall be without out of pocket expense and/or
liability to Landlord, unless GCCI will be performing the same (and if not, then
Tenant shall reimburse Landlord for its reasonable out of pocket expenses).

 

At least annually if such Changes or Alterations or any other alterations
permitted hereunder have occurred during the past calendar year and require the
filing of plans with the Burlington Building Department, Tenant shall furnish to
Landlord as-builts, CD compatible with Landlord’s auto CAD software or with
Microsoft Architect or such other system compatible with Landlord’s computer
system and operating manuals (if applicable and existing) of the work done by
Tenant during such past year and copies of all permits issued in connection
therewith.

 

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Tenant shall have its contractor procure and maintain in effect during the term
of construction of such alterations, including Changes or Alterations,
reasonably satisfactory insurance coverages with an insurance company or
companies authorized to do business in the Commonwealth of Massachusetts, and
shall, upon Landlord’s request, furnish Landlord with certificates thereof;

 

6.1.16      HOLDOVER - TO PAY TO LANDLORD TWO HUNDRED PERCENT (200%) THE TOTAL
OF THE FIXED AND ADDITIONAL RENT THEN APPLICABLE FOR EACH MONTH OR PORTION
THEREOF TENANT SHALL RETAIN POSSESSION OF THE PREMISES OR ANY PART THEREOF AFTER
THE TERMINATION OF THIS LEASE, WHETHER BY LAPSE OF TIME OR OTHERWISE, AND ALSO
TO PAY ALL DAMAGES SUSTAINED BY LANDLORD ON ACCOUNT THEREOF.  NOTWITHSTANDING
THE FOREGOING, LANDLORD AGREES THAT ONE HUNDRED AND FIFTY PERCENT (150%) OF SAID
TOTAL RENT, AND NOT TWO HUNDRED PERCENT (200%) SHALL BE DUE FOR ANY INITIAL
HOLDOVER UP TO THIRTY (30) DAYS AFTER THE TERM EXPIRATION DATE.  FURTHER,
LANDLORD AGREES THAT CONSEQUENTIAL DAMAGES SHALL NOT ACCRUE AGAINST TENANT UNTIL
LANDLORD HAS NOTIFIED TENANT IN WRITING THAT IT HAS ENTERED INTO A LETTER OF
INTENT OR LEASE FOR THE PREMISES (OR PART THEREOF), WHICH SUCH NOTICE SHALL
SPECIFY A PERIOD OF NOT LESS THAN FIFTEEN (15) DAYS IN WHICH CONSEQUENTIAL
DAMAGES MAY COMMENCE TO ACCRUE IF SUCH HOLDOVER CONTINUES BY TENANT AND WHICH
SUCH NOTICE MAY BE GIVEN PRIOR TO THE EXPIRATION OF THE TERM IF APPLICABLE.  THE
PROVISIONS OF THIS SUBSECTION SHALL NOT OPERATE AS A WAIVER BY LANDLORD OF ANY
RIGHT OF RE-ENTRY PROVIDED IN THIS LEASE;

 

6.1.17      HAZARDOUS MATERIALS - TENANT SHALL NOT (EITHER WITH OR WITHOUT
NEGLIGENCE) CAUSE OR PERMIT THE ESCAPE, DISPOSAL OR RELEASE OF ANY BIOLOGICALLY
OR CHEMICALLY ACTIVE OR OTHER HAZARDOUS SUBSTANCES OR MATERIALS ONTO THE
PREMISES, THE LOT OR PARK, EXCEPT IN ACCORDANCE WITH THE REQUIREMENTS OF
APPLICABLE LAWS AND REGULATIONS.  TENANT SHALL NOT ALLOW THE STORAGE OR USE OF
SUCH SUBSTANCES OR MATERIALS IN ANY MANNER NOT PERMITTED BY LAW, NOR ALLOW TO BE
BROUGHT INTO THE PREMISES ANY SUCH MATERIALS OR SUBSTANCES EXCEPT TO USE IN THE
ORDINARY COURSE OF TENANT’S BUSINESS.  UPON LANDLORD’S WRITTEN REQUEST, TENANT
SHALL FURNISH TO LANDLORD AN INVENTORY OF THE IDENTITY OF SUCH SUBSTANCES OR
MATERIALS USED IN THE ORDINARY COURSE OF TENANT’S BUSINESS, EXCEPT FOR USUAL
CLEANING MATERIALS AND OFFICE EQUIPMENT.  WITHOUT LIMITATION, HAZARDOUS
SUBSTANCES AND MATERIALS (“HAZARDOUS MATERIALS”) SHALL INCLUDE THOSE DESCRIBED
IN THE COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION AND LIABILITY ACT OF
1980, AS AMENDED, 42 U.S.C. SECTION 9601 ET SEQ., THE RESOURCE CONSERVATION AND
RECOVERY ACT, AS AMENDED, 42 U.S.C. SECTION 6901 ET SEQ., THE MASSACHUSETTS
HAZARDOUS WASTE MANAGEMENT ACT, AS AMENDED, M.G.L. C.21C, THE MASSACHUSETTS OIL
AND HAZARDOUS MATERIAL RELEASE PREVENTION AND RESPONSE ACT, AS AMENDED, M.G.L.
C.21E, ANY APPLICABLE LOCAL ORDINANCE OR BYLAW, AND THE REGULATIONS ADOPTED
UNDER THESE ACTS, AS AMENDED (COLLECTIVELY, THE “HAZARDOUS WASTE LAWS”).  IF ANY
LENDER OR GOVERNMENTAL AGENCY SHALL EVER REQUIRE TESTING TO ASCERTAIN WHETHER OR
NOT THERE HAS BEEN ANY RELEASE OF HAZARDOUS SUBSTANCES OR MATERIALS, THEN THE
REASONABLE COSTS THEREOF SHALL BE REIMBURSED BY TENANT TO LANDLORD UPON DEMAND
AS ADDITIONAL CHARGES IF AND ONLY IF THE FOLLOWING CONDITIONS ARE SATISFIED;
(I) IF SUCH REQUIREMENT APPLIES TO THE PREMISES AND (II) IF AN INDEPENDENT,
REPUTABLE THIRD PARTY ENGINEER EMPLOYED BY LANDLORD OR PERSONS ACTING UNDER
LANDLORD CONCLUSIVELY DETERMINES

 

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THAT SUCH RELEASE HAD BEEN OR IS LIKELY TO HAVE BEEN SOLELY AND EXCLUSIVELY
CAUSED BY TENANT OR PERSONS ACTING UNDER TENANT.  IF TENANT RECEIVES FROM ANY
FEDERAL, STATE OR LOCAL GOVERNMENTAL AGENCY ANY NOTICE OF VIOLATION OR ALLEGED
VIOLATION OF ANY HAZARDOUS WASTE LAW, OR IF TENANT IS OBLIGATED TO GIVE ANY
NOTICE UNDER ANY HAZARDOUS WASTE LAW, TENANT AGREES TO FORWARD TO LANDLORD A
COPY OF ANY SUCH NOTICE WITHIN THREE (3) DAYS OF TENANT’S RECEIPT OR TRANSMITTAL
THEREOF, IN ADDITION, TENANT SHALL EXECUTE AFFIDAVITS, REPRESENTATIONS AND THE
LIKE FROM TIME TO TIME AT LANDLORD’S REQUEST CONCERNING TENANT’S BEST KNOWLEDGE
OF BELIEF WITHOUT INDEPENDENT INVESTIGATION OR INQUIRY REGARDING THE PRESENCE OF
HAZARDOUS SUBSTANCES OR MATERIALS ON THE PREMISES RELEASED BY TENANT, IN ALL
EVENTS, TENANT SHALL INDEMNIFY LANDLORD IN THE MANNER PROVIDED IN SECTION 6.1.7
OF THIS LEASE FROM ANY RELEASE OF HAZARDOUS SUBSTANCES OR MATERIALS ON THE
PREMISES OR ELSEWHERE IN THE PARK TO THE EXTENT CAUSED BY TENANT OR PERSONS
ACTING UNDER THE DIRECTION AND CONTROL OF TENANT.  LANDLORD RETAINS THE RIGHT TO
INSPECT THE PREMISES AT ALL REASONABLE TIMES, UPON REASONABLE NOTICE TO TENANT,
TO ENSURE COMPLIANCE WITH THIS PARAGRAPH.  THE WITHIN COVENANTS SHALL SURVIVE
THE EXPIRATION OR EARLIER TERMINATION OF THE TERM;

 

6.1.18      SIGNS AND ADVERTISING - EXCEPT AS HEREINAFTER EXPRESSLY PROVIDED,
TENANT WILL NOT PLACE OR SUFFER TO BE PLACED OR MAINTAINED ON THE EXTERIOR OR
ROOF OF THE PREMISES OR LOT, OR ELSEWHERE IN THE PARK, ANY SIGN, DECORATION,
LETTERING OR ADVERTISING MATTER OR ANY OTHER THING OF ANY KIND WITHOUT
LANDLORD’S CONSENT.

 

Landlord and Tenant further agree that Tenant shall be entitled to (i) standard
signage in the lobby directory of the Building, and (ii), so long as Tenant (as
set forth in Section 1.1) is then occupying the Phase 1 space, an exterior
building signage (i.e.  Tenant shall be entitled to install a clean and
professionally lettered panel, supplied by Tenant or at Tenant’s expense,
customary or appropriate in the conduct of Tenant’s business designating Tenant
on the exterior of the Building, in a location to be reasonably approved by
Landlord).  Further, the parties agree that in the event that Tenant leases and
occupies sixty-five percent (65%) of the Building or more and is not in default
beyond all notice and cure periods, then Tenant shall be entitled to a second
sign on the exterior of the Building (provided the same is no longer then
committed to the current tenant of the Building).  All of such exterior building
signage shall be at Tenant’s sole cost and expense, non-exclusive, subject to
local codes, rules and ordinances, and subject to Landlord’s prior approval (not
to be unreasonably withheld or denied so long as the aforesaid leasing and
occupancy thresholds are satisfied).  Tenant’s signage may be illuminated if
permitted by said codes, rules and ordinances;

 

6.1.19      TENANT’S AUTHORITY - TENANT HAS THE POWER AND AUTHORITY TO ENTER
INTO THIS LEASE AND PERFORM THE OBLIGATIONS OF TENANT HEREUNDER.  THIS LEASE AND
ALL OTHER DOCUMENTS EXECUTED AND DELIVERED BY TENANT IN CONNECTION HEREWITH
CONSTITUTE LEGAL, VALID, BINDING AND ENFORCEABLE OBLIGATIONS OF TENANT; AND

 

6.1.20      CONFIDENTIALITY - THIS LEASE DOCUMENT IS A CONFIDENTIAL DOCUMENT BY
AND BETWEEN LANDLORD AND TENANT AND TENANT AGREES THAT THIS LEASE SHALL NOT BE
COPIED AND

 

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distributed or circulated to any person(s) other than to such parties, and their
respective mortgagees, successors or assigns, their legal counsel or their
accountants, brokers, advisers and insurers or to any prospective sublessees and
assignees or affiliates of Tenant, or to any prospective acquirers, investors,
or lenders of Tenant, or to regulatory authorities, or to the directors,
shareholders or officers of Tenant, or as required by law, without the prior
written consent of Landlord.  All public announcements regarding this Lease
prior to Tenant’s occupancy hereunder must be approved by Landlord and Tenant in
advance.

 

ARTICLE VII

CASUALTY AND TAKING

 

7.1           CASUALTY AND TAKING

 

In case during the Term all or any substantial part of the Premises, Building,
and/or the Building Parking Area, or any part thereof, or both (i.e.  in the
case of a fire or casualty, requiring greater than twelve (12) months to rebuild
in Landlord’s reasonable judgment; or in the case of a condemnation or a taking,
more than thirty-five percent (35%) of the floor area of the Premises, Building
or any material part of the means of access thereto or more than thirty-five
percent (35%) of the parking spaces located within the Building Parking Area)
are damaged by fire or any other casualty or by action of public or other
authority in consequence thereof or are taken by eminent domain Landlord shall
give prompt notice, (i.e.  within thirty (30) days thereof) to Tenant (the
“Landlord’s Notice”) and this Lease shall terminate either at Landlord’s or
Tenant’s election, except as provided hereinbelow, which may be made by notice
given to the other within thirty (30) days after the date of Landlord’s Notice,
which termination shall be effective (i) in the event of a casualty, not less
than thirty (30) nor more than sixty (60) days after the date of notice of such
termination and (ii) in the event of eminent domain event, as of the date on
which such taking becomes effective and Tenant is deprived of the use and
enjoyment of the Premises, Building, or part thereof, and/or the Building
Parking Area, or part thereof.  If in any such case the Lease is not so
terminated, Landlord shall proceed promptly and use due diligence to put the
Premises, Building or part thereof, and/or the Building Parking Area, or part
thereof, or in case of taking, what may remain thereof (excluding any items
installed by Tenant which Tenant may be permitted to remove upon the expiration
of the Term) into as near as possible to the condition and character thereof
prior to such damage or taking, and in any event shall apply all insurance
proceeds or eminent domain awards received by it toward such work, for use and
occupation to the extent permitted by the net award of insurance plus any
deductibles and such amounts as Tenant may elect to make available for such work
as hereinafter provided, or the amount of the eminent domain award, and an
equitable proportion of the Fixed Rent and additional rent according to the
nature and extent of the injury shall be abated until the Premises, Building or
such remainder and the Building Parking Area shall have been put by Landlord in
such condition; and in case of a taking which permanently reduces the area of
the Premises, an equitable proportion of the Fixed Rent and additional rent
shall be abated for the remainder of the Term and, if necessary, an appropriate
adjustment shall be made to the Landlord’s Operating Costs and other additional
rent payable hereunder.

 

However, in the case of a casualty, if such damage is not repaired and the
Premises, Building, or portion thereof, and/or Building Parking Area or part
thereof, are not restored to the

 

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same condition as they were prior to such damage within twelve (12) months from
the date of Landlord’s Notice, then Tenant, within thirty (30) days from the
expiration of such twelve (12) month period or from the expiration of any
extension thereof by reason of any Tenant’s Delay and/or Force Majeure (as
defined in Section 3.5 hereof and subject to the provisions set forth below) as
hereinafter provided, may terminate this Lease by notice to Landlord and
Landlord’s mortgagee(s), given in accordance with Section 10.3 hereof,
specifying a date not more than ten (10) days after the giving of such notice on
which the Term of this Lease shall terminate.  Notwithstanding such termination
notice by Tenant, in the event that Landlord repairs such damage and restores
the Premises to the same condition prior to such casualty during such period,
not to exceed ten (10) days, as specified in Tenant’s notice, then such notice
of termination given by Tenant to Landlord hereunder shall be null and void and
of no further force or effect.  The period within which the required repairs may
be accomplished hereunder shall be extended by (a) the number of days lost as a
result of a Tenant’s Delay, with such term, however, relating to restoration or
repair as referenced herein and not to the initial construction of the Building,
and (b) the number of days lost as a result of Force Majeure, as defined in
Section 3.5.

 

If less than a substantial part of the Premises or Building, or portion thereof,
and/or the Building Parking Area, or portion thereof (i.e.  in the case of a
fire or casualty, requiring less than twelve (12) months to rebuild in
Landlord’s reasonable judgment; or in the case of a condemnation or taking
thirty-five percent (35%) or less of the floor area of the Premises or Building
or any part of the means of access thereto or of the thirty-five percent (35%)
of the parking spaces or less within the Building Parking Area are damaged by
fire or any other casualty or are taken by eminent domain, then Landlord shall
give prompt notice (i.e.  within thirty (30) days) thereof to Tenant, which
notice shall specify Landlord’s estimation of the time period within which such
repairs shall be completed, and thereafter Landlord shall proceed promptly and
with due diligence to the extent permitted by the net award of insurance plus
any deductible amounts and such amount as Tenant may elect to make available for
such work as hereinafter provided, or the amount of the eminent domain award to
put the Premises, Building or part thereof, and/or the Building Parking Area, or
part thereof, into as near as possible to the condition and character thereof
prior to such damage or taking.  In the event that Landlord fails to repair such
damage and restore the Premises, Building and/or Building Parking Area to
substantially the same condition prior to such fire and other casualty within
the time period as reasonably estimated by Landlord, but in no event greater
than such twelve (12) month period from the date of such Landlord’s notice to
Tenant, or any extension thereof permitted for delays lost due to any Tenant’s
delay and/or Force Majeure (as hereinbefore provided), then Tenant may terminate
this Lease by written notice to Landlord and to Landlord’s mortgagee(s), as
provided in Section 10.3 hereof, specifying a date not more than thirty (30)
days after the giving of such notice on which the Term of this Lease shall
terminate.  Notwithstanding such termination notice by Tenant, in the event that
Landlord repairs such damage and restores the Premises to substantially the same
condition prior to such fire or other casualty during such period, not to exceed
thirty (30) days, as specified in Tenant’s notice, then such notice of
termination given by Tenant to Landlord hereunder shall be null and void and of
no further force and effect.  If less than a substantial part of the Premises
and/or the Building Parking Area as aforesaid shall be so damaged, then Fixed
Rent and additional rent due hereunder shall be equitably abated until the
Premises, Building and/or the Building Parking Area are so restored as set forth
hereunder.

 

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Landlord’s architect’s certificate, given in good faith, shall be deemed
conclusive statements therein contained and binding upon Tenant with respect to
the performance and completion of any repair or restoration work undertaken by
Landlord pursuant to this Section, except in the event of disagreement between
Landlord and Tenant relating to this Section, in which event the dispute
resolution provisions of Section 3.6 shall apply.  Further, Tenant shall have
all general rights and provisions relating to the initial construction in
Article III in connection with any rebuilding under this Article VII, but
expressly excluding any such allowances set forth therein.

 

Notwithstanding any language to the contrary, Landlord shall use diligent
efforts to construct mutually agreeable “Replacement Parking” pursuant to the
following: Landlord shall use diligent efforts to provide Replacement Parking
and render Tenant’s notice of termination nugatory (if applicable) by, within
thirty (30) days following the effective date of such destruction, taking,
appropriation or condemnation, giving to Tenant notice in writing that Landlord
will, at Landlord’s sole cost and expense, construct replacement parking spaces
of the same quantity and quality and convenience as the parking spaces so taken,
appropriated or condemned (i.e., Landlord using diligent efforts to locate the
replacement parking spaces as close to the Building as possible).  Any of such
Replacement Parking shall be preapproved by Tenant and shall be constructed by
Landlord within a reasonable time period following the effective date of such
destruction, taking, appropriation or condemnation, but in no event later than
thirty (30) days after the occurrence of such destruction, taking, appropriation
or condemnation, it being agreed by Landlord and Tenant that such time period
shall be extended to include weather-related delays as aforesaid, in which event
such Replacement Parking will be completed as reasonably possible thereafter,
Landlord agreeing to proceed promptly and with due diligence to complete
construction of any Replacement Parking.  Landlord and Tenant acknowledge that
if Landlord is prevented from performing the final paving for said Replacement
Parking on account of weather, such final paving may be performed as soon
thereafter as is feasible.  Such notice shall be accompanied by (A) a site plan
showing (i) the location of the Replacement Parking spaces, and (B) an opinion
from counsel for Landlord that such Replacement Parking may be constructed
as-of-right under then applicable zoning and land use regulations.

 

In the event of any other taking of the Premises, Building or Building Parking
Area, or any part thereof, for temporary use or for less than one (1) year,
(i) an equitable proportion of the Fixed Rent and additional rent shall be
abated during the period of any such temporary taking; and (ii) Landlord shall
pay to Tenant its pro rata share of any such use, provided that if any taking is
for a period extending beyond the Term of this Lease, such award shall be
apportioned between Landlord and Tenant as of the Term Expiration Date.  In such
event, Landlord agrees to use diligent efforts to provide Tenant with temporary
parking within the Park or at its other nearby locations, if available.

 

Tenant has the option but not the obligation, in any fire or other casualty
which creates a Landlord repair obligation in accordance with the terms of this
Section to make available for such reconstruction all or a portion of the amount
by which the cost of repair as certified by Landlord’s architect exceeds the
amount of proceeds received by Landlord

 

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7.2           RESERVATION OF AWARD

 

Landlord reserves to itself any and all rights to receive awards made for
damages to the Premises, Building or Lot and the leasehold hereby created, or
any one or more of them, accruing by reason of exercise of eminent domain or by
reason of anything lawfully done in pursuance of public or other authority. 
Tenant hereby releases and assigns to Landlord all Tenant’s rights to such
awards, and covenants to deliver such further assignments and assurances thereof
as Landlord may from time to time request, hereby irrevocably designating and
appointing Landlord as its attorney-in-fact to execute and deliver in Tenant’s
name and behalf all such further assignments thereof.  It is agreed and
understood, however, that Landlord does not reserve to itself, and Tenant does
not assign to Landlord, any damages payable for (i) movable trade fixtures
installed by Tenant or anybody claiming under Tenant, at its own expense, or
(ii) relocation expenses recoverable by Tenant from such authority in a separate
action.

 

7.3           ADDITIONAL CASUALTY PROVISIONS

 

(A)           LANDLORD SHALL NOT BE REQUIRED TO REPAIR OR REPLACE ANY OF
TENANT’S BUSINESS MACHINERY, EQUIPMENT, CABINET WORK, FURNITURE, PERSONAL
PROPERTY OR OTHER INSTALLATIONS NOT ORIGINALLY INSTALLED BY LANDLORD.

 

(B)           IN THE EVENT OF ANY TERMINATION OF THIS LEASE PURSUANT TO THIS
ARTICLE VU, THE TERM OF THIS LEASE SHALL EXPIRE AS OF THE EFFECTIVE TERMINATION
DATE AS FULLY AND COMPLETELY AS IF SUCH DATE WERE THE DATE HEREIN ORIGINALLY
SCHEDULED AS THE TERM EXPIRATION DATE.  TENANT SHALL HAVE ACCESS TO THE PREMISES
AT TENANT’S SOLE RISK FOR A PERIOD OF THIRTY (30) DAYS AFTER THE DATE OF
TERMINATION IN ORDER TO REMOVE TENANT’S PERSONAL PROPERTY EXCEPT AS PROHIBITED
BY ANY APPLICABLE GOVERNMENTAL AGENCY OR OFFICIAL.

 

(C)           NOTWITHSTANDING ANY LANGUAGE TO THE CONTRARY CONTAINED IN THIS
ARTICLE VU, IF ALL OR ANY SUBSTANTIAL PART OF THE PREMISES, BUILDING AND/OR THE
BUILDING PARKING AREA OR ANY PART THEREOF (AS HEREINABOVE DEFINED), SHALL BE
DAMAGED BY FIRE OR OTHER CASUALTY OR TAKEN BY EMINENT DOMAIN DURING THE LAST
YEAR OF THE TERM OF THIS LEASE OR THE LAST YEAR OF THE EXTENDED TERM, OR PRIOR
TO THE TERM COMMENCEMENT DATE FOR PHASE 1 HEREUNDER, THEN EITHER LANDLORD OR
TENANT MAY TERMINATE THIS LEASE EFFECTIVE AS OF THE DATE OF SUCH FIRE OR OTHER
CASUALTY OR TAKING UPON NOTICE TO THE OTHER AS AFORESAID, EXCEPT THAT TENANT MAY
RENDER LANDLORD’S NOTICE OF TERMINATION NULL AND VOID BY EXERCISING EARLY ITS
OPTION TO EXTEND THE INITIAL TERM OF THIS LEASE FOR FIVE (5) ADDITIONAL YEARS IN
ACCORDANCE WITH EXHIBIT F OR THE APPLICABLE EXTENDED TERM, AS THE CASE MAY BE,
AS APPLICABLE.  IN THE EVENT OF SUCH EARLY EXERCISE, LANDLORD AND TENANT AGREE
TO DETERMINE THE FIXED RENT FOR THE APPLICABLE EXTENDED TERM AT LEAST NINE
(9) MONTHS PRIOR TO THE COMMENCEMENT DATE OF THE EXTENDED TERM IN ACCORDANCE
WITH AND IN THE MANNER SET FORTH IN SAID EXHIBIT F.

 

ARTICLE VIII

RIGHTS OF MORTGAGE

 

8.1           PRIORITY OF LEASE

 

Landlord shall have the option to subordinate this Lease to any future mortgagee
or deed of trust of the Lot or Premises, or both (“the mortgaged premises”),
provided that the holder thereof enters into a Subordination, Non-Disturbance
and Attornment Agreement (“SNDA”)

 

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substantially in the form attached hereto as Exhibit J (or such other form as
mutually acceptable to Landlord and Tenant and Landlord’s mortgagee).  Landlord
shall obtain a SNDA from its current lender on or before such date which is
sixty (60) days following the execution of this Lease; otherwise, Tenant shall
have the right to terminate this Lease by giving written notice thereof to
Landlord after the expiration of said sixty (60) day period, unless within ten
(10) days of receipt of Tenant’s termination notice, Landlord obtains the SNDA,
in which case the termination notice shall be rendered null and void.

 

8.2           LIMITATION ON MORTGAGEE’S LIABILITY

 

Upon entry and taking possession of the mortgaged premises for any purpose other
than foreclosure, the holder of a mortgage shall have all rights of Landlord,
and during the period of such possession, the duty to perform all Landlord’s
obligations hereunder.  Except during such period of possession, no such holder
shall be liable, either as mortgagee or as holder of a collateral assignment of
this Lease, to perform, or be liable in damages for failure to perform any of
the obligations of Landlord unless and until such holder shall enter and take
possession of the mortgaged premises for the purpose of foreclosing a mortgage. 
Upon entry for the purpose of foreclosing a mortgage, such holder shall be
liable to perform all of the obligations of Landlord accruing after said entry,
provided that a discontinuance of any foreclosure proceeding shall terminate the
liability of the holder as Landlord.

 

8.3           MORTGAGEE’S ELECTION

 

Notwithstanding any other provision to the contrary contained in this Lease, if
prior to the substantial completion of Landlord’s obligations under Article III,
any holder of a first mortgage on the mortgaged premises enters and takes
possession thereof for the purpose of foreclosing the mortgage, such holder may
elect, by written notice given to Tenant and Landlord at any time within ninety
(90) days after such entry and taking of possession, not to perform Landlord’s
obligations under Article HI, and in such event such holder and all persons
claiming under it shall be relieved of all obligations to perform, and all
liability for failure to perform, said Landlord’s obligations under Article HI,
and Tenant may terminate this Lease and all its obligations hereunder by written
notice to Landlord and such holder given within thirty (30) days after the day
on which such holder shall have given its notice as aforesaid.

 

8.4           NO PREPAYMENT OR MODIFICATION, ETC.

 

No Fixed Rent, additional rent, or any other charge shall be paid more than
thirty (30) days prior to the due dates thereof, and payments made in violation
of this provision shall (except to the extent that such payments are actually
received by a mortgagee in possession or in the process of foreclosing its
mortgage) be a nullity as against such mortgagee.  No assignment of this Lease
(excepting only in accordance with the provisions of this Lease) and no
agreement to make or accept any surrender, termination or cancellation of this
Lease (excepting only in accordance with the provisions of this Lease) and no
agreement to modify so as to reduce the rent, change the Term, or otherwise
materially change the rights of Landlord under this Lease, or to relieve Tenant
of any obligations or liability under this Lease, shall be binding on mortgagee,
valid unless consented to in writing by Landlord’s mortgagees of which Tenant
has received notice.

 

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8.5           NO RELEASE OR TERMINATION

 

No act or failure to act on the part of Landlord which would entitle Tenant
under the terms of this Lease, or by law, to be relieved of Tenant’s obligations
hereunder or to terminate this Lease, shall result in a release or termination
of such obligations or a termination of this Lease unless (i) Tenant shall have
first given thirty (30) days prior written notice of Landlord’s act or failure
to act to Landlord’s mortgagees of which Landlord has provided written notice to
Tenant, if any, specifying the act or failure to act on the part of Landlord
which could or would give basis to Tenant’s rights, and (ii) such mortgagees,
after receipt of such notice, have failed or refused to correct or cure the
condition complained of within a reasonable time thereafter, but nothing
contained in this Section 8.5 shall be deemed to impose any obligation on any
such mortgagee to correct or cure any such condition.  “Reasonable time” as used
above means and includes a reasonable time to obtain possession of the mortgaged
premises, if the mortgagee elects to do so, and a reasonable time to correct or
cure the condition if such condition is determined to exist, however, in no
event shall such time extend beyond ninety (90) days from the date Tenant
provides notice to Landlord’s mortgagee(s) as aforesaid.

 

8.6           CONTINUING OFFER

 

The covenants and agreements contained in this Lease with respect to the rights,
powers and benefits of a mortgagee (particularly, without limitation thereby,
the covenants and agreements contained in this Article VIII) constitute a
continuing offer to any person, corporation or other entity, which by accepting
or requiring an assignment of this Lease or by entry or foreclosure assumes the
obligations herein set forth with respect to such mortgagee, and such mortgagee
shall be entitled to enforce such provisions in its own name.  Provided that
such mortgagee agrees in writing, pursuant to an agreement substantially in the
form of Exhibit J attached hereto, to assume the Landlord’s obligations
hereunder, Tenant agrees on request of Landlord to execute and deliver from time
to time an agreement substantially in the form of Exhibit J attached hereto
which may reasonably be deemed necessary to implement the provisions of this
Article VIII.

 

8.7           SUBMITTAL OF FINANCIAL STATEMENT

 

At any time and from time to time during the Term of this Lease, within fifteen
(15) days after request therefor by Landlord, but not more than once per Fiscal
Year, Tenant shall supply to Landlord and/or any mortgagee a current financial
statement (including, without limitation, a balance sheet and income statement)
or such other financial information as may be reasonably required by any such
party.  As long as Tenant is a publicly traded company, Tenant shall not be
required to comply with the provisions of this Section 8.7.

 

ARTICLE IX

DEFAULT

 

9.1           EVENTS OF DEFAULT BY TENANT

 

It shall be an “Event of Default” under this Lease, if (i) Tenant fails to pay
Fixed Rent or additional rent for more than seven (7) days, after written notice
thereof specifying such failure and that such failure may be an Event of Default
hereunder; (ii) Tenant fails to perform its other

 

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non-monetary obligations hereunder for more than thirty (30) days after written
notice thereof from Landlord, together with such additional time, if any, as is
reasonably required to cure the default if the default is of such a nature that
it cannot reasonably be cured in thirty (30) days; or (iii) if Tenant makes any
assignment for the benefit of creditors, or files a petition under any
bankruptcy or insolvency law; or (iv) if such a petition is filed against Tenant
and is not dismissed within ninety (90) days; or (v) if a receiver becomes
entitled to Tenant’s leasehold hereunder and it is not returned to Tenant within
ninety (90) days; or (vi) such leasehold is taken on execution or other process
of law in any action against Tenant; then, and in any such cases, Landlord and
the agents and servants of Landlord may, in addition to and not in derogation of
any remedies for any preceding breach of covenant, immediately or at any time
thereafter while such default continues and without further notice enter into
and upon the Premises or any part thereof in the name of the whole or mail a
notice of termination addressed to Tenant at the Premises and repossess the same
as of Landlord’s former estate and expel Tenant and those claiming through or
under Tenant and remove its and their effects without being deemed guilty of any
manner of trespass and without prejudice to any remedies which might otherwise
be used for arrears of rent or prior breach of covenant, and upon such entry or
mailing as aforesaid, this Lease shall terminate, but Tenant shall remain liable
as hereinafter provided.  After the occurrence of an Event of Default as
aforesaid, Tenant hereby waives all statutory rights of redemption, if any to
the extent such rights may be lawfully waived, and Landlord, without notice to
Tenant, may store Tenant’s effects and those of any person claiming through or
under Tenant at the expense and risk of Tenant and, if Landlord so elects, may
sell such effects at public auction or private sale and apply the net proceeds
to the payment of all sums due to Landlord from Tenant, if any, and pay over the
balance, if any, to Tenant.

 

9.2           TENANT’S OBLIGATIONS AFTER TERMINATION

 

In the event that this Lease is terminated under any of the provisions contained
in Section 9.1 or shall be otherwise terminated for breach of any obligation of
Tenant, Tenant covenants as follows:

 

(A)           TO PAY FORTHWITH TO LANDLORD, AS COMPENSATION, A LUMP SUM EQUAL TO
THE TOTAL RENT RESERVED FOR THE RESIDUE OF THE TERM.  IN CALCULATING THE RENT
RESERVED, THERE SHALL BE INCLUDED, IN ADDITION TO THE FIXED RENT AND ALL
ADDITIONAL RENT, THE VALUE OF ALL OTHER CONSIDERATION AGREED TO BE PAID OR
PERFORMED BY TENANT FOR SAID RESIDUE, LESS THE NET PROCEEDS OF ANY RENTS
OBTAINED BY LANDLORD IN RELETTING THE PREMISES AS PROVIDED IN (B)(II) BELOW; AND

 

(B)           AND, TO THE EXTENT NOT RECEIVED IN (A) ABOVE OR TO THE EXTENT
LANDLORD ELECTS, IN ITS SOLE DISCRETION TO PROCEED UNDER THIS SUBPARAGRAPH
(B) RATHER THAN SUBPARAGRAPH (A), AS AN ADDITIONAL AND CUMULATIVE OBLIGATION, TO
PAY PUNCTUALLY TO LANDLORD ALL OF THE SUMS AND PERFORM ALL OF THE OBLIGATIONS
WHICH TENANT COVENANTS IN THIS LEASE TO PAY AND TO PERFORM IN THE SAME MANNER
AND TO THE SAME EXTENT AND AT THE SAME TIME AS IF THIS LEASE HAD NOT BEEN
TERMINATED.  IN CALCULATING THE AMOUNTS TO BE PAID BY TENANT UNDER THIS
SUBCLAUSE (B), TENANT SHALL BE CREDITED WITH: (I) ANY AMOUNT PAID TO LANDLORD AS
COMPENSATION AS PROVIDED IN SUB CLAUSE (A) OF THIS SECTION 9.2 (IF LANDLORD
ELECTS TO PROCEED PURSUANT TO SUBCLAUSE (A)); AND (II) THE NET PROCEEDS OF ANY
RENTS OBTAINED BY LANDLORD BY RELETTING THE PREMISES, AFTER

 

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deducting all of Landlord’s expenses in connection with such reletting,
including, without implied limitation, all repossession costs, brokerage
commissions, tenant improvements costs paid, tenant improvement allowances, or
rent abatement granted, fees for legal services, and any other expenses of
reletting the Premises or preparing the Premises for the new tenant or tenants.

 

Landlord agrees to use commercially reasonable efforts to relet the Premises
following termination provided, however, that Landlord, in good faith: (x) may
relet the Premises or any part or parts thereof for a term or terms which may,
at Landlord’s option, be equal to or less than or exceed the period which would
otherwise have constituted the balance of the Term, and may grant such
concessions and rent abatement as Landlord in its sole judgment considers
advisable or necessary to relet same; (y) may make such alterations, repairs and
decorations in the Premises as Landlord, in its judgment, considers advisable or
necessary to relet the same, and no action of Landlord in accordance with the
foregoing sub clauses (x) and/or (y), or Landlord’s failure to relet or to
collect the rent through reletting after having used commercially reasonable
efforts, shall operate or be construed to release or reduce Tenant’s liability
as aforesaid; and (z) shall have no duty to relet the Premises to a prospective
tenant who first expressed interest in leasing other space that Landlord (or its
affiliate(s)) then has available.

 

So long as at least twelve (12) months of the Term remain unexpired at the time
of such termination, in lieu of any other damages of indemnity and in lieu of
full recovery by Landlord of all sums payable under all the foregoing provisions
of this Section 9.2, Landlord may, by written notice to Tenant, at any time
after this Lease is terminated under any of the provisions contained in
Section 9.1, or is otherwise terminated for breach of any obligation of Tenant
and before such full recovery, elect to recover, and Tenant shall thereupon pay,
as liquidated damages, an amount equal to the aggregate of the Fixed Rent and
additional rent accrued under Article IV in the twelve (12) months ended next
prior to such termination (or if the Term has not yet commenced, the Fixed Rent
and additional rent that would be due for said time period) plus the amount of
Fixed Rent and additional rent of any kind accrued and unpaid at the time of
termination and less the amount of any recovery by Landlord under the foregoing
provisions of this Section 9.2 up to the time of payment of such liquidated
damages.

 

Nothing contained in this Lease shall, however, limit or prejudice the right of
Landlord to prove and obtain in proceedings for bankruptcy or insolvency by
reason of the termination of this Lease, an amount equal to the maximum allowed
by any statute or rule of law in effect at the time when, and governing the
proceedings in which, the damages are to be proved, whether or not the amount be
greater, equal to, or less than the amount of the loss or damages referred to
above.

 

ARTICLE X

MISCELLANEOUS

 

10.1         TITLES

 

The titles of the Articles are for convenience and are not to be considered in
construing this Lease.

 

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10.2         NOTICE OF LEASE

 

Concurrently with the executing of this Lease, Landlord and Tenant have executed
and recorded a notice of lease in the form attached hereto as Exhibit I.  If
this Lease is terminated before the Term expires the parties will execute an
instrument in such form acknowledging the date of termination.

 

10.3         NOTICES FROM ONE PARTY TO THE OTHER

 

No notice, approval, consent requested or election required or permitted to be
given or made pursuant to this Lease shall be effective unless the same is in
writing.  Communications shall be addressed, if to Landlord, at Landlord’s
Address with a copy to Gloria M.  Gutierrez, Esq., The Gutierrez Company, One
Wall Street, Burlington, Massachusetts 01803, or at such other address as may
have been specified by prior notice to Tenant and, if to Tenant, at Tenant’s
Address with a copy to Peter J.  Dawson, Esq., Mirick, O’Connell, DeMallie &
Lougee, LLP, 100 Front Street, Worcester, MA 01608, or at such other place as
may have been specified by prior notice to Landlord.  Any communication so
addressed shall be deemed duly served if actually received or delivery is
refused at the foregoing addresses mailed by registered or certified mail,
return receipt requested, delivered by hand, or by overnight express service by
a carrier providing a receipt of delivery.

 

10.4         BIND AND INSURE

 

The obligations of this Lease shall run with the land, and this Lease shall be
binding upon and inure to the benefit of the parties hereto and their respective
heirs, successors and assigns, except that the Landlord named herein and each
successive owner of the Premises shall be liable only for the obligations
accruing during the period of its ownership, said liability terminating as to
future liability upon termination of such ownership and passing to the successor
in ownership.  Neither the Landlord named herein nor any successive owner of the
Premises whether an individual, trust, a corporation or otherwise shall have any
personal liability beyond their equity interest in the Premises (including all
proceeds and rents deriving therefrom).

 

10.5         NO SURRENDER

 

The delivery of keys to any employees of Landlord or to Landlord’s agent or any
employee thereof shall not operate as a termination of this Lease or a surrender
of the Premises.

 

10.6         NO WAIVER, ETC.

 

The failure of Landlord or of Tenant to seek redress for violation of, or to
insist upon the strict performance of any covenant or condition of this Lease
or, with respect to such failure of Landlord, any of the Rules and Regulations
referred to in Section 6.1.4, whether heretofore or hereafter adopted by
Landlord, shall not be deemed a waiver of such violation nor prevent a
subsequent act, which would have originally constituted a violation, from having
all the force and effect of an original violation, nor shall the failure of
Landlord to enforce any of said Rules and Regulations against any other tenant
in the Park be deemed a waiver of any such Rules or Regulations.  The receipt by
Landlord of Fixed Rent or additional rent with knowledge of the breach of any
covenant of this Lease shall not be deemed a waiver of such breach by Landlord,

 

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unless such waiver be in writing signed by Landlord.  No consent or waiver,
express or implied, by Landlord or Tenant to or of any breach of any agreement
or duty shall be construed as a waiver or consent to or of any other breach of
the same agreement or duty in a previous or subsequent instance, or any other
agreement or duty.

 

10.7         NO ACCORD AND SATISFACTION

 

No acceptance by Landlord of a lesser sum than the Fixed Rent and additional
rent then due shall be deemed to be other than on account of the earliest
installment of such rent due, nor shall any endorsement or statement on any
check or any letter accompanying any check or payment as rent be deemed as
accord and satisfaction, and Landlord may accept such check or payment without
prejudice to Landlord’s right to recover the balance of such installment or
pursue any other remedy in this Lease provided.

 

10.8         CUMULATIVE REMEDIES

 

Unless expressly provided herein to the contrary, the specific remedies to which
Landlord or Tenant may resort under the terms of this Lease are cumulative and
are not intended to be exclusive of any other remedies or means of redress to
which it may be lawfully entitled in case of any breach or threatened breach by
Tenant or Landlord, as applicable, of any provisions of this Lease.  In addition
to the other remedies provided in this Lease, Landlord or Tenant, as the case
may be, shall be entitled to the restraint by injunction of the violation or
attempted or threatened violation of any of the covenants, conditions or
provisions of this Lease or to a decree compelling specific performance of any
such covenants, conditions or provisions.

 

10.9         PARTIAL INVALIDITY

 

If any term of this Lease, or the application thereof to any person or
circumstances shall to any extent be invalid or unenforceable, the remainder of
this Lease, or the application of such term to persons or circumstances other
than those as to which it is invalid or unenforceable, shall not be affected
thereby, and each term of this Lease shall be valid and enforceable to the
fullest extent permitted by law.

 

10.10       LANDLORD’S RIGHT TO CURE

 

If Tenant shall at any time fail to perform its obligations in accordance with
the provisions of this Lease and Tenant does not commence the cure of such
failure within thirty (30) days of notice thereof, and thereafter diligently
prosecute such cure to completion (except in the event of emergency whereupon
Landlord may immediately take action), then Landlord shall have the right, but
shall not be obligated, to enter upon the Premises and to perform such
obligation, notwithstanding the fact that no specific provision for such
substituted performance by Landlord is made in this Lease with respect to such
default, in performing such obligation, Landlord may make any payment of money
or perform any other act.  All sums so paid by Landlord (together with interest
at the rate set forth in Section 4.3 herein), and all necessary incidental
reasonable third party costs and expenses in connection with the performance of
any such acts by Landlord, shall be deemed to be additional rent under this
Lease and shall be payable to Landlord immediately on demand.  Landlord may
exercise the foregoing rights without waiving any other of its rights or
releasing Tenant from any of its obligations under this

 

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Lease.  Notwithstanding any provision of this Lease to the contrary, if within
said thirty (30) day period Tenant notifies Landlord that Tenant disputes
Landlord’s allegation that Tenant has failed to perform its obligations in
accordance with the provisions of this Lease, then (i) Tenant shall nevertheless
commence the cure of such failure within the said thirty (30) day period, and
(ii) the subject matter of the dispute shall be resolved at the election of
Tenant by an action brought in the Superior Court Department of Middlesex County
or resolved by binding arbitration by a single arbitrator through REBA Dispute
Resolution, Inc. under its Arbitration Guidelines in effect at the time of such
arbitration.  The Landlord and Tenant and arbitrator agree that there shall be
no more than three (3) days of presentation in the arbitration, that the
arbitration shall be held within thirty (30) days of the election for
arbitration, and the arbitrator shall render his or her decision within ten
(10) days of the completion of the presentation.  Each party shall pay its own
costs and expenses for any such action or arbitration.  Each determination under
this Section 10.10 shall be binding upon Landlord and Tenant.

 

10.11       ESTOPPEL CERTIFICATE

 

Tenant and Landlord agree on the Commencement Date, and from time to time
thereafter, upon not less than thirty (30) days’ prior written request by the
other, to execute, acknowledge and deliver to Tenant or Landlord (as applicable)
a statement in writing substantially in the form attached hereto as Exhibit G
(or a similar statement if so requested by Tenant, modified accordingly),
certifying if true (and where not true, indicating where not true), as follows:
that this Lease is unmodified and in full force and effect; that except as set
forth in this Lease, Tenant has no defenses, offsets or counterclaims against
its obligations to pay the Fixed Rent and additional rent and to perform its
other covenants under this Lease; that there are no uncured defaults of Landlord
or Tenant under this Lease (or, if there are any defenses, offsets,
counterclaims, or defaults, setting them forth in reasonable detail); and the
dates to which the Fixed Rent, additional rent and other charges have been
paid.  Any such statements delivered pursuant to this Section 10.11 may be
relied upon by any prospective purchaser or mortgagee or any prospective
assignee of any such mortgagee.

 

10.12       WAIVER OF SUBROGATION

 

Landlord and Tenant mutually agree, with respect to any hazard which is covered
by casualty or property insurance then being carried by them, or required to be
carried hereunder (whether or not such insurance is then in effect) to release
each other from any and all claims, liability, loss, damage, cost or injury with
respect to such loss regardless if caused by the fault or negligence of the
other party; and they further mutually agree that their respective insurance
companies shall have no right of subrogation against the other on account
thereof.  Each party shall be responsible for its own deductibles and
retentions.

 

10.13       BROKERAGE

 

Tenant represents and warrants to Landlord, and Landlord represents and warrants
to Tenant, that it has dealt with no broker, other than the Real Estate Broker
listed in Section 1.1, in connection with this transaction and agrees to defend,
indemnify and save the other party harmless from and against any and all claims
for a commission arising out of this Lease made by anyone claiming to have dealt
with the party making the representation, other than the Real

 

44

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Estate Broker listed in Section 1.1.  Landlord shall be responsible for, and
agrees to hold Tenant harmless with respect to, all fees and commissions payable
to such Real Estate Broker specified in Section 1.1 pursuant to a separate
agreement.

 

10.14       PARKING

 

Tenant’s occupancy of the Premises shall include the non-exclusive use of
parking spaces in common with other tenants of the Building on a ratio of three
(3) on-grade parking spaces per 1,000/RSF, which such spaces are designated (and
shall be referred to in this Lease) as the Building Parking Area as shown on the
plans attached hereto and made a part of Exhibit A (“Building Parking Spaces”).

 

10.15       400 AND 600 WHEELER ROAD

 

Landlord agrees to provide Tenant with advance notice when Landlord (TGC or its
affiliates) commence development discussions for construction of approximately
250,000 square feet to be developed at 400 and 600 Wheeler Road, but in any
event prior to commencement of any actual construction.

 

10.16       ACCESS

 

Subject to the terms and provisions of this Lease and all laws applicable to the
Premises, Tenant shall have twenty-four (24) hours, seven (7) days per week,
fifty-two (52) weeks per year, access to the Premises (including the Building
Parking Area).

 

10.17       ENTIRE AGREEMENT

 

This instrument contains the entire and only agreement between the parties as to
the Premises, and no oral statements or representations or prior written matter
not contained in this instrument shall have any force or effect.  This Lease
shall not be modified in any way except by a writing subscribed by both parties.

 

10.18       GOVERNING LAW

 

This Lease shall be governed by and construed and enforced in accordance with
the laws and the Courts of the Commonwealth of Massachusetts.

 

10.19       ADDITIONAL REPRESENTATIONS

 

Landlord represents and warrants to Tenant as follows:

 

(A)           THAT LANDLORD HAS THE RIGHT AND AUTHORITY TO ENTER INTO THIS LEASE
AND GRANT TENANT POSSESSION OF THE PREMISES AND OTHER RIGHTS SET FORTH HEREIN;

 

(B)           THAT LANDLORD IS THE FEE SIMPLE OWNER OF THE LOT AND THAT LANDLORD
(OR ITS AFFILIATE(S) OR AN AFFILIATE(S) OF THE GUTIERREZ COMPANY) ARE THE FEE
SIMPLE OWNERS OF THE PARK;

 

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(C)           THAT ON THE TERM COMMENCEMENT DATE THE BUILDING, THE BUILDING
PARKING AREA AND THE LOT SHALL COMPLY WITH ALL DIMENSIONAL, USE, PARKING,
LOADING AND OTHER ZONING REQUIREMENTS OF THE TOWN OF BURLINGTON, AND ALL
APPLICABLE BUILDING CODES AND GOVERNMENTAL REQUIREMENTS, INCLUDING WITHOUT
LIMITATION THE AMERICANS WITH DISABILITIES ACT (ADA);

 

(D)           LANDLORD HAS GOOD AND MARKETABLE TITLE TO THE PREMISES IN FEE
SIMPLE ABSOLUTE.  THERE ARE NO RESTRICTIVE COVENANTS, EXCLUSIVE USE PROVISIONS
IN OTHER TENANTS’ LEASES, OR OTHER AGREEMENTS OF WHICH LANDLORD (OR ITS
AFFILIATES) ARE A PARTY TO, OR ARE AWARE OF, THAT WILL PREVENT OR INTERFERE IN
ANY RESPECT WITH TENANT’S USE AND OCCUPANCY OF THE PREMISES FOR THE PERMITTED
USES DESCRIBED HEREIN;

 

(E)           THE MORTGAGEE REFLECTED ON THE SUBORDINATION, NONDISTURBANCE AND
ATTORNMENT AGREEMENT ATTACHED AS EXHIBIT “J” IS THE ONLY MORTGAGEE OF THE
BUILDING, LOT AND BUILDING PARKING AREA;

 

(F)            TO THE BEST OF LANDLORD’S KNOWLEDGE, THE PREMISES ARE FREE OF ALL
VIOLATIONS, ORDERS OR NOTICES OF VIOLATIONS OF ALL PUBLIC OR QUASI-PUBLIC
AUTHORITIES, WHETHER OR NOT OF RECORD;

 

(G)           TO THE BEST OF LANDLORD’S KNOWLEDGE, THE PREMISES ARE IN
COMPLIANCE WITH ALL LOCAL ZONING ORDINANCES AND PARKING REQUIREMENTS;

 

(H)           TO THE BEST OF LANDLORD’S KNOWLEDGE, THE PREMISES ARE FREE FROM
ASBESTOS AND ASBESTOS-CONTAINING MATERIALS AND ALL OTHER HAZARDOUS MATERIALS
(HEREINBEFORE DEFINED);

 

10.20       COVENANTS INDEPENDENT

 

To the extent any provision hereof or any application of any provision hereof
may be declared unenforceable, such provision or application shall not affect
any other provision hereof or other application of such provision. 
Notwithstanding any language to the contrary in this Lease, except as expressly
set forth in Sections 3.2, 4.1 and 5.2, or in Article VII, Tenant acknowledges
and agrees that Tenant’s obligation to pay Fixed Rent and additional rent and to
perform its other obligations hereunder are absolute, unconditional and
irrevocable obligations which are separate and independent of any and all
obligations, covenants, warranties, or representations of Landlord hereunder,
with the result that Tenant’s sole remedy for any alleged breach by Landlord of
its obligation hereunder shall be to commence a judicial proceeding against
Landlord seeking specific performance, and not to deduct or set off Fixed Rent
or additional rent or terminate this Lease.

 

10.21       ROOFTOP COMMUNICATION EQUIPMENT

 

Subject to the provisions hereinafter provided and availability of space, Tenant
shall have the right from time to time during the Term hereof, without any
additional consideration from Tenant hereunder, to install and maintain, on a
non-exclusive basis, rooftop communication equipment and/or antennae(s) for
Tenant’s communications network on the roof of the Building.  Subject to
applicable law, matters of title, and the consent of Landlord (which consent
shall not

 

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be unreasonably withheld or delayed), Tenant, at its sole cost and expense, has
the right to install such equipment and/or antennae(s) on the roof of the
Building.  The size and location of the installation shall be at a site
acceptable to Landlord, provided such site affords Tenant an operable
communication system and the approval of any such size and location shall not be
unreasonably withheld or delayed by Landlord.  Tenant shall install the
equipment and/or antennae(s) in such a manner as to not interfere with the space
or the rooftop equipment of other tenant(s) of the Building and at all times in
accordance with sound construction practices, and in accordance with all
applicable laws, rules, codes and ordinances, and in a good and workmanlike
manner.  Tenant shall use such roofing contractor required to comply with the
existing roof warranties.  The cost of any structural review of the proposed
location and weight of such equipment and/or antennae(s) shall be at Tenant’s
expense.  Tenant shall indemnify, defend and hold Landlord harmless from and
against any and all liability or loss arising from or out of the installation or
removal of such rooftop communication equipment, except where the existing
roofing contractor is listed as aforesaid, in which event no indemnity from
Tenant shall apply.  Upon expiration of the Term, Tenant shall be responsible
for the removal of the same and for repairing any damage caused therefrom.

 

10.22       REDUCTION OF PREMISES

 

So long as there does not then exist an uncured, continuing Event of Default as
defined in Section 9.1 of this Lease, Tenant may, at its sole option, have the
one-time right to reduce the Premises by an amount up to 10,000 rentable square
feet, so long as the same is marketable by Landlord, as determined by Landlord
in its reasonable discretion (the “Reduction Option”), effective on the 3rd
anniversary and fifth (5th) anniversary of the Phase 1 Commencement Date (the
“Reduction Date”), by delivering notice (the “Notice”) of its election to
Landlord at least nine (9) months in advance, and with such Notice, Tenant shall
provide a plan of the space to be reduced (“Reduced Space”) and Tenant shall pay
to the Landlord on or before the Reduction Date the applicable Fee as set forth
below.  The costs incurred to demise the Reduced Space from the Premises shall
be done at Tenant’s expense.  For purposes hereof, the term “Fee”, as of the
third anniversary of the Phase 1 Commencement Date, and assuming all three
Phases are delivered to Tenant, shall be equal to $37.00/RSF per the Schedule
attached hereto as Exhibit O.  The Tenant, from time to time, may request from
the Landlord what the amount of the Fee will be based on a fifth (5th)
anniversary Reduction Date.  If Tenant exercises its Reduction Option, then the
“Premises” shall automatically be reduced by the Reduced Space set forth in the
Notice (so long as Landlord agrees that the Reduced Space is marketable as set
forth herein) as of the Reduction Date (with the same effect as if such
Reduction Date were the Term Expiration Date set forth in Section 1.1 as to the
Reduced Space) without the necessity of any additional documentation. 
Adjustments shall be made to the Fixed Rent and additional rent obligations as
of the Reduction Date.  The remaining Premises and provisions of this Lease
shall remain unchanged.  There shall be a presumption that if the Reduced Space
has access to the Common Areas (including all utility systems) and is not oddly
configured, that the Reduced Space is marketable.  Landlord shall notify Tenant
of its determination of whether the Reduced Space is marketable within twenty
(20) days of Landlord’s receipt of the Notice.  If Landlord does not object
within said twenty (20) day period, then the Reduced Space shall be deemed to be
marketable.  If Landlord determines that the Reduced Space is not marketable,
then Landlord shall notify Tenant of its determination and Tenant shall, within
twenty (20) days of Tenant’s receipt of Landlord’s notice, either submit the
initial plan of the Reduced Space to Landlord with

 

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a statement of reasons why Tenant believes it is marketable or submit a
different plan to Landlord of the Reduced Space (the “Second Notice”).  If
Landlord does not determine that the Reduced Space as initially proposed or as
revised is marketable within twenty (20) days of Landlord’s receipt of the
Second Notice, then the dispute shall be resolved at the election of Tenant by
an action brought in the Superior Court Department of Middlesex County or
resolved by binding arbitration by a single arbitrator through REBA
Dispute, Inc. under its Arbitration Guidelines in effect at the time of such
arbitration.  The Landlord and Tenant and arbitrator agree that there shall be
no more than three (3) days of presentation in the arbitration, that the
arbitration shall be held within thirty (30) days of the election for
arbitration, and the arbitrator shall render his or her decision within ten
(10) days of the completion of the presentation.  The arbitrator shall be
provided a copy of this section of the Lease and agrees to be bound by the
same.  Each party shall pay its own costs and expenses for any such action or
arbitration.  Each determination under this Section 10.22 shall be binding upon
Landlord and Tenant.

 

10.23       5TH AND 6TH FLOOR PREMISES

 

The Landlord represents, warrants and covenants with the Tenant, and Tenant is
relying on the same as a material inducement to enter into this Lease as
follows:

 

(A)           LANDLORD SHALL USE GOOD FAITH, DILIGENT, COMMERCIALLY REASONABLE
EFFORTS TO RELOCATE THE CURRENT OCCUPANT OF THE AREA ON THE 5TH FLOOR KNOWN AS
“THE APPLIED RADAR SPACE”, CONSISTING OF APPROXIMATELY 1309 RENTABLE SQUARE FEET
(“RADAR SPACE”) ON OR BEFORE SUCH DATE WHICH IS WITHIN A YEAR OF THE TERM
COMMENCEMENT DATE FOR PHASE 1, LANDLORD AGREEING, HOWEVER, TO RELOCATE THE
TENANT AS SOON AS POSSIBLE PRIOR TO THE SAME AND TO COMMENCE DISCUSSIONS WITH
SAID TENANT IMMEDIATELY FOLLOWING THE EXECUTION OF THIS LEASE.  LANDLORD SHALL
KEEP TENANT APPRISED, FROM TIME TO TIME, REGARDING THE STATUS OF LANDLORD’S
EFFORTS TO RELOCATE SUCH OCCUPANT.  FURTHER, LANDLORD SHALL PROVIDE TO TENANT
EVIDENCE OF AN AGREEMENT WITH THE RADAR SPACE OCCUPANT AT LEAST TEN (10) DAYS
PRIOR TO THE ONE YEAR ANNIVERSARY OF PHASE 1 COMMENCEMENT DATE, WHICH AGREEMENT
PROVIDES FOR THE RELOCATION OF SUCH OCCUPANT ON OR BEFORE EXPIRATION OF SAID ONE
YEAR DATE.  ONCE RELOCATED, THE RADAR SPACE SHALL BE ADDED TO THE LEASE,
LANDLORD SHALL BUILD OUT THE RADAR SPACE CONSISTENT WITH TENANT’S OTHER
PREMISES, LANDLORD SHALL PROVIDE TO TENANT ALLOWANCES CONSISTENT WITH EXHIBIT M
FOR THE RADAR SPACE, TENANT SHALL HAVE THIRTY (30) DAYS’ ACCESS TO READY THE
RADAR SPACE FOR TENANT’S USE AND LANDLORD SHALL ABATE THE MONTHLY FIXED RENT
APPLICABLE TO THE RADAR SPACE FOR FOUR MONTHS AFTER LANDLORD DELIVERS THE RADAR
SPACE IN ACCORDANCE WITH SECTION 3.2 OF THE LEASE AND SUBJECT TO THE TERMS AND
PROVISIONS THEREOF, INCLUDING TENANT SUPPLYING THE NECESSARY PLANS AND
SPECIFICATIONS NECESSARY FOR DELIVERY THEREFOR.

 

(B)           LANDLORD SHALL, AS PART OF LANDLORD’S WORK DESCRIBED IN ARTICLE IN
HEREOF, ON OR PRIOR TO THE TERM COMMENCEMENT DATE FOR PHASE 1 EXTEND THE AREA
LEASED TO THE TENANT ON THE SIXTH FLOOR BY RECAPTURING A PORTION OF THE COMMON
AREA HALLWAY, AND INSTALL A MAGNETIC DOOR TO THE FIRE DOOR (“SIXTH FLOOR
IMPROVEMENTS”), ALL AS MORE PARTICULARLY SET FORTH ON THE PLAN ATTACHED AS
EXHIBIT A.

 

(C)           THE LANDLORD, PURSUANT TO THE CURRENT LEASE FOR THE RADAR SPACE,
POSSESSES THE RIGHT TO RELOCATE THE RADAR SPACE OCCUPANT OTHERWISE THE LEASE IS
AUTOMATICALLY TERMINATED IF THE PARTIES DO NOT AGREE ON THE NEW SPACE.

 

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(D)           ONCE THE RADAR SPACE IS COMPLETED, THE LANDLORD AND TENANT SHALL
EXECUTE AN AMENDMENT TO LEASE AMENDING THE RENTABLE FLOOR AREA OF TENANT’S SPACE
AND THE FIXED RENT AS SET FORTH IN SECTION 1.1.

 

Remainder of Page Intentionally Left Blank
Signature Page to Follow

 

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IN WITNESS WHEREOF, the parties hereto have duly executed this Lease as of this
       day of May, 2007.

 

 

 

LANDLORD:

 

 

 

ONE WHEELER ROAD ASSOCIATES

 

 

 

 

By:

The Gutierrez Company,

 

 

Its General Partner

 

 

 

 

 

 

 

By:

 

 

 

 

Arthur J. Gutierrez, Jr.

 

 

President

 

 

 

 

Date:

May     , 2007

 

 

 

 

 

 

 

TENANT:

 

 

 

 

ASPEN TECHNOLOGY, INC.

 

 

 

 

 

 

 

By:

 

 

 

 

 

 

Name:

 

 

 

 

 

 

 

Its:

 

 

 

 

 

 

 

Date:

May     , 2007

 

 

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EXHIBIT “A”

 

Plans Showing Tenant’s Space
the Lot (including the Building Parking Area),
and the Park

 

(SEE ATTACHED)

 

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[ex10305i001.jpg]

 

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[ex10305i002.jpg]

 

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EXHIBIT “B”

 

Preliminary Tenant Improvement Plans and Specifications

 

(TO BE SUPPLIED — IF APPLICABLE)

 

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EXHIBIT “C”

 

PRIOR RIGHT OF FIRST REFUSAL AND OPTION TO RENT

 

FIFTH (5TH) AND SIXTH (5TH) FLOORS

 

Provided that there does not then exist an uncured, continuing Event of Default
under this Lease and provided further that Tenant (and/or its permitted
successors and/or assigns) is then leasing the entire Premises delivered to
Tenant to date, then in no event shall Landlord decide to lease, agree to lease,
lease or accept any offer to lease any portion of the space that becomes
available on the fifth (5th) and/or sixth (6th) floors of the Building,
specifically the adjacent space shown on the Plan attached hereto as Exhibit C-l
(the “Adjacent Space”), unless Landlord first affords Tenant an opportunity to
lease all or a portion of the Adjacent Space in accordance with the provisions
of this Exhibit C and only after written notice to Tenant (except that no such
notice shall be required if Tenant exercises its option to rent all of the
Adjacent Space prior to Landlord’s receipt of an offer for any of the Adjacent
Space, as set forth in the last paragraph of this Exhibit C).  Such notice shall
contain the essential terms of any bona fide, third party offer received by
Landlord (and which offer Landlord intends to accept but for Tenant’s rights
hereunder) with respect to all or a portion of the Adjacent Space (Landlord’s
summary thereof, shall herein be referred to as the “Offer”).  The Offer shall
also set forth the identity of the prospective tenant (unless said tenant has
requested that its identity be kept confidential) and all of the essential terms
and conditions upon which Landlord proposes to lease all or a portion of the
Adjacent Space, which space shall be offered to Tenant at the same terms and
conditions as set forth in the Offer.  Upon receipt of such notice and the Offer
from Landlord, Tenant shall have a right to lease all or a portion of the
Adjacent Space as set forth in the Offer (and not portions of the same described
in the Offer) on the terms set forth in this Exhibit C by giving notice to
Landlord to such effect within twelve (12) days after Tenant’s receipt of
Landlord’s notice of such Offer.  If such notice is not so timely given by
Tenant, then Landlord shall be free to lease that portion of the Adjacent Space
described in the Offer, to such third party on the terms and conditions
contained in the Offer (or such other more favorable terms to Landlord [but not
including a greater portion of the Adjacent Space] or substantially similar
terms [i.e.  not more than five percent (5%) more favorable to the proposed
tenant but in no event including a greater portion of the Adjacent Space, as
agreed to by Landlord]) during the period commencing after the expiration of
said twelve (12) day period and ending when the transaction is not consummated
but in no event more than one hundred eighty (180) days after expiration of the
twelve (12) day period.  If the Offer varies by more than five percent (5%) in
favor of Tenant or if additional Adjacent Space is included, then Landlord shall
resubmit the adjusted Offer to Tenant, whereupon Tenant shall have the right to
lease all or a portion of the Adjacent Space on the terms set forth herein.  In
the event that Landlord does not consummate the transaction described in the
Offer with said third party within the time parameters set forth above, then
Tenant’s rights hereunder shall revive as to the Adjacent Space subject to the
Offer.  Tenant’s rights hereunder with respect to all other Adjacent Space
continue regardless of the consummation of the transaction.  The non-exercise by
Tenant of its rights under this Exhibit C as to any one Offer by Landlord for
less than all of the Adjacent Space, shall not waive Tenant’s rights of first
refusal hereunder for any subsequent Offer for that or any portion or all of the
Adjacent Space.  The Tenant’s rights of first refusal set forth herein may be
exercised on any

 

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number of occasions until all of the Adjacent Space has been leased in
accordance with this Exhibit C.

 

In the event that Tenant exercises its rights hereunder to lease said portion or
all (as applicable) of the Adjacent Space, then Landlord and Tenant hereby agree
that they shall enter into a mutually acceptable agreement amending, modifying
or supplementing this Lease (the “Amendment to Lease”), specifying that all or a
portion (as applicable) of the Adjacent Space is a part of the Premises under
this Lease and demising all or a portion (as applicable) of the Adjacent Space
to Tenant.  The Amendment to Lease will be prepared by the Landlord and signed
by Tenant within twenty-one (21) days of receipt of the proposed Amendment to
Lease from the Landlord, provided such Amendment to Lease is consistent with the
terms herein.  Notwithstanding anything to the contrary in this Exhibit C, if
Tenant notifies Landlord of its election to lease all or a portion of the
Adjacent Space, and then fails to execute and deliver the Amendment to Lease
(provided the Amendment to Lease is consistent with the terms herein) once the
same has been delivered by Landlord to Tenant in accordance with this Exhibit C,
then Landlord shall have the unrestricted right to lease that portion of such
Adjacent Space covered by the Amendment to Lease upon whatever terms and
conditions as are negotiated by Landlord in its sole discretion; and Tenant’s
right of first refusal hereunder (as to that portion of the Adjacent Space
subject to the Amendment to Lease) shall terminate and be of no further and
effect.  The recording by Landlord, in good faith, of an affidavit to such
effect shall be conclusive evidence of the termination of Tenant’s first refusal
hereunder as to that portion of the Adjacent Space subject to the Amendment of
Lease.  Otherwise, if the Landlord and Tenant, each acting reasonably and in
good faith, fail to agree on a mutually agreeable form of Amendment to Lease
within said twenty-one (21) day period from Tenant’s receipt of Landlord’s
proposed form of Amendment to Lease, unless such date is extended by mutual
agreement of both parties hereto, then such failure shall be treated as a non
exercise by Tenant of its right of first refusal for such portion of the
Adjacent Space in accordance with the first paragraph of this Exhibit C.

 

Notwithstanding any language to the contrary set forth herein, Tenant shall have
the option to rent all or any portion of the Adjacent Space on the terms set
forth herein at any time prior to Landlord’s receipt of an Offer, to the extent
such Adjacent Space is available to lease and the parties are able to agree on
mutually acceptable terms, in connection therewith, Landlord agrees to notify
Tenant at least six (6) months in advance of such date that Landlord anticipates
that Adjacent Space (or portions thereof) will become available, but in any
event prior to soliciting third party offers.

 

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[ex10305i003.jpg]

 

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EXHIBIT “D”

 

LANDLORD’S SERVICES

 

I.              CLEANING

 

A.            Building Lobbies and Common Areas:

 

1.             Entrance doors and partition glass to be cleaned nightly.  Wipe
down frames and fixtures as needed.

 

2.             Remove entrance mats and clean sand and dirt from pits and
floors, clean and replace mats nightly.

 

3.             Floors to be swept and washed nightly.  Maintain a high luster
finish following manufacturer’s specifications.

 

4.             Walls to be dusted and spot cleaned as necessary, thoroughly
washed twice a year.

 

5.             Empty and wipe clean trash receptacles nightly including exterior
smoker’s stations.

 

6.             Dust, with treated cloth, security desks, window sills, directory
frames, planters, etc., nightly.

 

7.             Clean directory glass nightly.

 

8.             Vacuum all carpeted areas nightly, treat and spot clean stains,
clean fully as needed.

 

9.             Vinyl tile floors to be dry mopped nightly, spot washed with
clean water as needed and spray buffed weekly.

 

10.           Sweep all stairwells in building nightly and keep in clean
condition, washing same as necessary.

 

11.           Do all high dusting (not reached in nightly cleaning) quarterly,
which includes the following:

 

(a)           Dust all pictures, frames, charts, graphs and similar wall
hangings.

 

(b)           Dust exposed piped, ventilation and air conditioning grilles,
louvers, ducts and high molding, as needed.

 

12.           Clean and maintain luster on ornamental metal work as needed
within arm’s reach.

 

13.           Dust all drapes and blinds as needed.

 

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14.           Wash and disinfect drinking fountains using a non-scented
disinfectant nightly. Polish all metal surfaces on the unit nightly.

 

15.           Strip and wax all resilient tile floors yearly.

 

16.           Shampoo all common area carpets at additional contract price at
least once per year.

 

B.            Common Lavatories - Daily

 

1.             Empty paper towel receptacles, bag and transport waste paper to
designated area, disinfect receptacle and add new liner.

 

2.             Empty sanitary napkin disposal receptacles, bag and transport
waste, disinfect receptacle and add new liner.

 

3.             Refill toilet tissue, hand towel dispensers, and sanitary napkin
dispensers.

 

4.             Scour, wash and disinfect all basins, bowls and urinals using
non-scented disinfectants.

 

5.             Wash, disinfect and wipe dry both sides of toilet seat using
non-scented disinfectants.

 

6.             Wash and polish all mirrors, counters, faucets, flushometers,
bright work and enameled surfaces.

 

7.             Spot clean toilet partitions, doors, door frames, walls, lights
and light switches.

 

8.             Remove all cobwebs from walls and ceilings.

 

9.             Sweep and wash all floors, using proper non-scented
disinfectants.

 

10.           Add water to floor drains weekly, disinfect monthly.

 

11.           Turn off lights.

 

12.           Mid-day bathroom check-up.

 

C.            Elevators - Nightly

 

1.             Thoroughly clean walls.

 

2.             Wipe clean control panels, door frames and mirrors.

 

3.             Vacuum cab and floor door tracks.

 

4.             Vacuum floors, shampoo as needed, wash stone floors.

 

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5.             Dust ceilings.

 

D.            General Cleaning (Monday through Friday - Holidays Excluded)

 

Tenant Areas Nightly - Unless Noted

 

1.             Empty and clean all waste receptacles nightly and remove waste
paper and waste materials, including folded paper boxes and cartons, to
designated area.  Replace liners as needed.  Check and wash waste baskets if
soiled.  Abnormal, waste removal (e.g.  computer installation paper, bulk
packaging, wood or cardboard crates, refuse from cafeteria operation, etc.)
shall be Tenant’s responsibility.

 

2.             Weekly hand dust with treated cloth and wipe clean or feather
duster all accessible areas on furniture, desks, files, telephones, fixtures and
window sills.

 

3.             Clean all glass table tops and tenant entrance glass.  Spot clean
glass partitions.

 

4.             Spot clean all walls, door frames and light switches.

 

5.             Wipe clean and polish all bright metal work as needed within
arm’s reach.

 

6.             All stone, ceramic, tile, marble, terrazzo and other unwaxed
flooring to be swept, using approved dust-down preparation.

 

7.             All wood, linoleum, rubber asphalt, vinyl and other similar type
of floors to be swept, using approved dust-down preparation and mopped or
cleaned with dry system cleaner nightly.

 

8.             Reception areas, halls, high traffic areas to be vacuumed
nightly.

 

9.             Offices and cubicles to be spot vacuumed nightly.  Complete
vacuum weekly.

 

10.           Spot clean carpet stains.

 

11.           Wash and clean all water fountains and coolers nightly.  Sinks and
floors adjacent to sinks to be washed nightly.

 

12.           Dust blinds as needed.

 

13.           Vinyl tile floors to be dry mopped nightly, spot washed with clean
water as needed and spray buffed every two (2) weeks.

 

14.           Clean Refrigerators - inspect for rotten materials and dispose as
required and fully clean (disposal and wipedown) once a week (Fridays).

 

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15.           Wipe out microwave.

 

E.             Common Showers

 

1.             Wash shower walls and floors nightly, using proper non-scented
disinfectants.

 

2.             Clean and disinfect shower curtains weekly.

 

3.             Scrub showers with bleach weekly.

 

4.             Wash tile walls with proper grout cleaning compound as needed.

 

5.             Add water to floor drains weekly, disinfect monthly.

 

6.             Turn off lights.

 

II.            HEATING, VENTILATING AND AIR CONDITIONING

 

1.             Heating, ventilation and air conditioning as required to provide
reasonably comfortable temperatures for normal business day occupancy (except
holidays), Monday through Friday, from 7:00 AM to 7:00 PM, and Saturday from
8:00 AM to 1:00 PM, if so requested by Tenant.  HVAC services beyond the
aforesaid normal building hours of operation, including Saturday from 8:00 AM to
1:00 PM, can be made available to Tenant, if so requested by Tenant, by
providing Landlord at least twenty-four (24) hours prior written or facsimile
notice for such request.  The request shall clearly state the start and stop
hours of the “off-hour” service.  Tenant shall submit to Landlord a list of
personnel who are authorized to make such requests.  Charges for operating the
Building’s HVAC system other than the normal building hours as noted above,
shall be at a cost of approximately $25.00 per hour per unit subject to
adjustment as electric costs increase.

 

2.             Maintenance on any additional or special air conditioning
equipment and the associated operating cost thereof, will be at Tenant’s
expense.

 

III.           WATER

 

Hot water for lavatory purposes and cold water for drinking, lavatory and toilet
purposes.

 

IV.           ELEVATORS

 

Elevators for the use of all tenants and the general public for access to and
from all floors of the Building, programming of elevators (including, but not
limited to, service elevators), shall be as Landlord from time to time
determines best for the Building as a whole.

 

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V.            SECURITY/ACCESS

 

Twenty-four (24) hour entry to the Building is available to Tenant and Tenant’s
employees, after normal Building hours of operation, accessible via a key pad
system located near the loading dock area in the North Tower of the Building and
key pad system located at the main entrance to the South Tower of the Building. 
Tenant shall have unrestricted access to its Premises at all times, and not just
during normal Building Hours.  All security shall be the responsibility of the
Tenant.

 

VI.           BUILDING HOURS

 

Normal building hours of operation are Monday through Friday from 7:00 a.m. to
7:00 p.m.  The Building operates on Saturday from 8:00 a.m. to 1:00 p.m., with
access to the Building subject to the provisions as outlined in Item V. 
contained herein.  Except for the heating, ventilating and air conditioning
system, which operates in accordance with the schedule as described in Item II. 
contained herein, all Building systems, including but not limited to,
electrical, mechanical, elevator, fire safety and sprinkler, and water, operate
twenty-four (24) hours per day, seven (7) days a week, subject to repairs,
failures and interrupted service beyond Landlord’s control.

 

VII.          CAFETERIA, VENDING AND PLUMBING INSTALLATIONS

 

1.             Any space to be used primarily for lunchroom or cafeteria
operation shall be Tenant’s responsibility to keep clean and sanitary. 
Cafeteria, vending machines or refreshment service installations by Tenant must
be approved by Landlord in writing.  All maintenance, repairs and additional
cleaning necessitated by such installations shall be at Tenant’s expense.

 

Upon request, Landlord shall, at Tenant’s expense, provide on a daily basis,
general cleaning services to area’s contained within Tenant’s lunchroom
excepting of any appliances and/or furniture and fixtures and the like (i.e.,
coffee pots, etc.) which shall in all instances be Tenant’s responsibility as
noted herein.

 

2.             Tenant is responsible for the maintenance and repair of plumbing
fixtures and related equipment installed in the Premises for its exclusive use
(such as in coffee room or cafeteria).

 

VIII.        SIGNAGE

 

Tenant shall be entitled to the Building’s standard signage at Tenant’s main
entry and on the Building’s lobby directories.

 

IX.           ELECTRICITY

 

Tenant shall pay, as additional rent and in the same manner and time as Fixed
Rent, for all electricity consumed in the Premises pursuant to Landlord’s
reasonable estimate of the electricity consumed within the Premises (currently
estimated at $1.25 per rentable square foot).  At Landlord’s option and cost,
Landlord may install a separate meter and

 

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shall invoice Tenant monthly for the actual cost of Tenant’s electricity. 
Tenant shall reimburse Landlord, as additional rent, for such consumption within
thirty (30) days upon receipt of Landlord’s invoice therefor.

 

Tenant’s use of electrical service in the Premises shall not at any time exceed
the capacity of any of the electrical conductors or other equipment in or
otherwise serving the Premises or the Building standard, as hereinafter
provided.  To ensure that such capacity is not exceeded and to avert possible
adverse effects upon the Building’s electrical system, Tenant shall not, without
at least thirty (30) days prior written notice to and consent of Landlord in
each instance, connect to the Building electric distribution system any
fixtures, appliances or equipment which operates on a voltage in excess of
277/480 volts nominal, or make any alteration or addition to the electric system
of the Premises, in the event Tenant shall use (or request that it be allowed to
use) electrical service in excess of that deemed by Landlord to be standard for
the Building, Landlord may refuse to provide such excess usage or refuse to
consent to such usage or may consent upon such conditions as Landlord reasonably
elects (including but not limited to the installation of utility service
upgrades, sub-meters, air handlers or cooling units, or back-up generators), and
all such additional usage (except to the extent prohibited by law), installation
and maintenance thereof shall be paid for by Tenant, as additional rent, upon
Landlord’s demand.

 

It is understood that the electrical generated service to the Premises may be
furnished by one (1) or more generators of electrical power and that the cost of
electricity may be billed as a single charge or divided into and billed in a
variety of categories, such as distribution charges, transmission charges,
generation charges, congestion charges, public good charges, and other similar
categories, and may also include a fee, commission or other charge by a broker,
aggregator or other intermediary for obtaining or arranging the supply of
generated electricity.  Landlord shall have the right to select the generator of
electricity to the Premises and to purchase generated electricity for the
Premises through a broker, aggregator or other intermediary and/or buyers group
or other group and to change the generator of electricity and/or manner of
purchasing electricity from time to time.

 

If Landlord undertakes activities for the purpose of reducing Tenant’s operating
costs (such as negotiating an agreement with a utility or another energy
generator or engaging an energy consultant or undertaking conservation or other
energy efficient measures that may require capital expenditures), Tenant shall
pay its proportionate share of all costs and expenses associated with such
actions (including, but not limited to, brokers’ commissions, legal fees and
capital expenditures), as additional rent, if, as and when payment is made by
Landlord.

 

As used herein, the term “generator of electricity” shall mean one or more
companies (including, but not limited to, an electric utility, generator,
independent or non-regulated company) that provides generated power to the
Premises or to the Landlord to be provided to the Premises, as the case may be.

 

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X.            OTHER UTILITIES

 

Tenant shall be responsible for the payment of all other utilities consumed by
Tenant in the Premises, including telephone, cable, other communications and gas
(if applicable).  Tenant shall pay for such consumption directly to the provider
of such utilities.

 

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EXHIBIT ‘E’

 

RULES AND REGULATIONS

 

1.             The entrance, lobbies, passages, corridors, elevators and
stairways shall not be encumbered or obstructed by Tenant, Tenant’s agents,
servants, employees, licensees, and visitors, or be used by them for any purpose
other than for ingress and egress to and from the Premises.  The moving in or
out of all safes, freight, furniture, or bulky matter of any description must
take place during the hours which Landlord may reasonably determine from time to
time.  Landlord reserves the right to inspect all freight and bulky matter to be
brought into the Building and to exclude from the Building all freight and bulky
matter which violates any of these Rules and Regulations or the Lease of which
these Rules and Regulations are a part.

 

2.             No curtains, blinds, shades, screens, advertisements, signs, or
the like other than those furnished by Landlord, shall be attached to, hung in,
affixed to, or used in connection with any window or door of the Premises or to
any other area of the Premises (including without limitation on interior
windows, walls and doors) that is visible from the outside of the Building or
visible from any common area of the Building without the prior written consent
of the Landlord (taking into account such factors such as size, color and style
and compatibility with the Building).  If Tenant is not the sole Building
tenant, interior signs on doors on the common areas of the Building shall be
painted or affixed for Tenant by Landlord, or by sign painters first approved by
Landlord, at the expense of Tenant and shall be of a size, color and style
acceptable to Landlord and shall be compatible to the Building.

 

3.             Tenant shall furnish Landlord with master keys or access devices
for any security (door access) system provided and installed by Tenant, so long
as the same has been approved by Landlord.  Tenant shall be allowed to place
additional locks or bolts upon doors and windows within the Premises, as long as
Tenant provides master keys to Landlord as aforesaid as these additional locks
and bolts could prove to be a hindrance to Landlord providing building services,
such as cleaning and maintenance.  Tenant must, upon the termination of its
tenancy, remove all additional locks and bolts and restore all original door
hardware and provide Landlord all Building keys either furnished to or otherwise
procured by Tenant; and in the event of the loss of any keys so furnished,
Tenant shall pay to Landlord the reasonable replacement cost thereof.

 

4.             Canvassing, soliciting and peddling in the Building, or on the
Lot or in the Park is prohibited, and Tenant shall cooperate to prevent the
same.

 

5.             Tenant shall comply with all reasonably necessary security
measures from time to time established by Landlord for the Building or Park, if
applicable.

 

6.             Tenant agrees that there shall be no smoking allowed anywhere in
the Premises or Building.

 

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7.             No animals, with the exception of “assistance animals” (e.g.,
seeing eye dogs), shall be brought into the Building by Tenant, Tenant’s agents,
servants, employees, invitees, subtenants and assigns.

 

8.             Users of any common fitness room or shower facilities within the
Building (if applicable) shall only place a lock on a locker only during the
time they are using the fitness, locker room and/or shower facilities.

 

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EXHIBIT “F”

 

OPTION TO EXTEND

 

The Tenant has the option to extend this Lease for two (2) successive term(s) of
five (5) consecutive years each (the “Extended Terms”, or the “first Extended
Term” or “second Extended Term”), the exercise of which shall automatically
extend the Term of this Lease without the necessity of additional
documentation.  So long as there does not exist any Event of Default hereunder
at such time either of the Extended Terms is exercised, the first option to
extend shall be deemed to have been exercised by Tenant’s notification to
Landlord that it elects to exercise its first option to extend at least nine
(9) months but not more than eighteen (18) months prior to the end of the
initial Term hereunder, and the second option to extend shall be deemed to have
been exercised by Tenant’s notification to Landlord that it elects to exercise
its second option to extend at least nine (9) months but not more than eighteen
(18) months prior to the end of the first Extended Term hereunder.  The Extended
Terms shall be upon the same terms and conditions as are set forth in this
Lease, except that (i) there shall be no additional option to extend after the
termination of the second Extended Term or the failure to exercise the first
Extended Term or second Extended Term, whichever shall first occur, and (ii) the
annual Fixed Rent for the Extended Terms shall be equal to ninety-five (95%)
percent of the then Market Rent (as defined in and determined in accordance with
Exhibit H).  Notwithstanding the foregoing, in no event, however, shall the
annual Fixed Rent for the first Extended Term be less than the annual Fixed Rent
and additional rent (i.e.  including the then escalation) payable during the
last year of the initial Term, and in no event shall the annual Fixed Rent for
the second Extended Term be less than the annual Fixed Rent and additional rent
(i.e.  including the then escalation) payable during the last year of the first
Extended Term.

 

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EXHIBIT “G”

 

ESTOPPEL CERTIFICATE

 

DATE:                                  

 

The undersigned hereby certifies as follows:

 

1.             Aspen Technology, Inc.(as “Tenant”), and One Wheeler Road
Associates (as “Landlord”), entered into a written lease agreement dated
May             , 2007 (hereinafter referred to as the “Lease”), in which
Landlord leased to Tenant and Tenant leased from Landlord, certain premises
consisting of 60,177 rentable square feet (RSF) of tenant space (the
“Premises”), comprising a portion of the building (the “Building”) located on
that certain parcel of real property known and numbered as 200 Wheeler Road, in
the Town of Burlington, County of Middlesex, Commonwealth of Massachusetts, and
as more particularly described in the Lease (the “Property”).

 

2.             The Lease is in full force and effect and has not been amended,
modified, supplemented or assigned by Tenant.  The Lease represents the entire
agreement between Landlord and Tenant.

 

3.             The Tenant has accepted the Premises and presently occupies them,
and is paying rent on a current basis.  Tenant has no setoffs, claims, or
defenses to the enforcement of the Lease.

 

4.             As of the date of this certificate, Tenant is not in default in
the performance of any of its obligations under the Lease, and has not committed
any breach of the Lease, and no notice of default has been given to Tenant.

 

5.             As of the date of this certificate, Landlord is not in default in
the performance of any of its obligations under the Lease, and has not committed
any breach of the Lease, and no notice of default has been given to Landlord.

 

6.             The amount of Fixed Rent currently due and as defined in the
Lease is $               per year, which was payable from                     
(“Rent Commencement Date”).  Fixed Rent has been paid by Tenant under the Lease
up to and including                       .

 

The amount of the Operating Cost Escalation adjustment currently payable by
Tenant is $                   per month and              Operating Cost
Escalation adjustment has been paid.

 

7.             Tenant has paid to Landlord a Security Deposit in the amount of
$             in the form of                       .

 

8.             Tenant has no claim against Landlord for any other security
deposit, prepaid fee or charge or prepaid rent.

 

9.             The Term of the Lease commenced on                        (“Term
Commencement Date”), and is presently scheduled to expire on
                       (“Term Expiration Date”).

 

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If there are any rights of extension or renewal or expansion under the terms of
the Lease, the same have not, as of the date of this certificate, been
exercised.

 

10.           Tenant is executing and delivering this certificate with the
understanding that a lender provided financing which affects the Building and
the Property.  Tenant acknowledges and agrees that Landlord and Lender shall be
entitled to rely on Tenant’s certifications set forth herein.

 

TENANT:

 

 

ASPEN TECHNOLOGY, INC.

 

 

 

A                        corporation

 

 

 

By:

 

 

 

Name:

 

 

 

Title:

 

 

 

 

[TO BE MODIFIED FOR LANDLORD UPON
A TENANT REQUEST PURSUANT TO SECTION 10.11]

 

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EXHIBIT “H”

 

MARKET RENT

 

The market rent for the Premises shall be the then fair market rent for similar
space in similar buildings in the Town of Burlington, which such rent (the
“Market Rent”) shall be determined as follows:

 

(a)           The Market Rent shall be proposed by Landlord within fifteen (15)
days of receipt of Tenant’s notice that it intends to exercise its option to
extend the Term as specified in Exhibit “F”, of this Lease hereof (the
“Landlord’s Proposed Market Rent”).  The Landlord’s Proposed Market Rent shall
be the Market Rent unless Tenant notifies Landlord, within fifteen (15) days of
Tenant’s receipt of Landlord’s Proposed Market Rent, that Landlord’s Proposed
Market Rent is not satisfactory to Tenant (“Tenant’s Rejection Notice”).

 

(b)           If Tenant delivers Tenant’s Rejection Notice and the Market Rent
is not otherwise agreed upon by Landlord and Tenant within forty-five (45) days
after Landlord’s receipt of Tenant’s notice that it intends to exercise its
option to extend the Term, then the Market Rent shall be determined by the
following appraisal procedure:

 

1.             Within fifteen (15) days of the expiration of said forty-five
(45) day period, Tenant shall give notice to Landlord, which notice shall
specify the name and address of the appraiser designated by Tenant (the
“Tenant’s Appraisal Notice”).  Landlord shall within fifteen (15) days after
receipt of Tenant’s Appraisal Notice, notify Tenant of the name and address of
the appraiser designated by Landlord.  Such two appraisers shall, within twenty
(20) days after the designation of the second appraiser, make their
determinations of the Market Rent in writing and give notice thereof to each
other and to Landlord and Tenant.  Such two (2) appraisers shall have twenty
(20) days after the receipt of notice of each other’s determination to confer
with each other and to attempt to reach agreement as to the determination of the
Market Rent.  If such appraisers shall concur in such determination, they shall
give notice thereof to Landlord and Tenant and such concurrence shall be final
and binding upon Landlord and Tenant.  If such appraisers shall fail to concur
as to such determination within said twenty (20) day period, they shall give
notice thereof to Landlord and Tenant and shall immediately designate a third
appraiser.  If the two appraisers shall fail to agree upon the designation of
such third appraiser within five (5) days after said twenty (20) day period,
then they or either of them shall give notice of such failure to agree to
Landlord and Tenant and if Landlord and Tenant fail to agree upon the selection
of such third appraiser within five (5) days after the appraiser(s) appointed by
the parties give notice as aforesaid, then either party on behalf of both may
apply to the American Arbitration Association or any successor thereto, or on
his or her failure, refusal or inability to act, to a court of competent
jurisdiction, for the designation of such third appraiser.

 

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2.             All appraisers shall be independent real estate appraisers or
consultants who shall have had at least seven (7) years continuous experience in
the business of appraising real estate in the suburban Boston area.

 

3.             The third appraiser shall conduct such hearings and
investigations as he or she may deem appropriate and shall, within ten (10) days
after the date of his or her designation, make an independent determination of
the Market Rent.

 

4.             If none of the determinations of the appraisers varies from the
average of the determinations of the other appraisers by more than ten (10%)
percent, the average of the determinations of the three (3) appraisers shall be
the Market Rent for the Premises.  If, on the other hand, the determination of
any single appraiser varies from the average of the determinations of the other
three (3) appraisers by more than ten (10%) percent, the average of the
determination of the two (2) appraisers whose determinations are closest shall
be the Market Rent.

 

5.             The determination of the appraisers, as provided above, shall be
conclusive upon the parties and shall have the same force and effect as a
judgment made in a court of competent jurisdiction.

 

6.             Each party shall pay fees, costs and expenses of the appraiser
selected by it, its own counsel fees, and one-half (1/2) of all other expenses
and fees of any such appraisal.

 

2

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EXHIBIT “I”

 

NOTICE OF LEASE

 

In accordance with the provisions of Massachusetts General Laws (Ter. Ed.)
Chapter 183, Section 4, as amended, notice is hereby given of a certain lease
(hereinafter referred to as the “Lease”) dated as of May       , 2007 by and
between One Wheeler Road Associates (hereinafter referred to as “Landlord”) and
Aspen Technology, Inc. (hereinafter referred to as “Tenant”).

 

W I T N E S S E T H:

 

1.             The address of the Landlord is c/o The Gutierrez Company, One
Wall Street, Burlington, Massachusetts 01803.

 

2.             The address of the Tenant is                       .

 

3.             The Lease was executed on May       , 2007.

 

4.             The Term of the Lease is a period beginning on the Commencement
Date for the Phase 1 Premises (determined pursuant to Section 3.2 of the Lease
currently estimated on September 1, 2007 and expiring seven years and four
months from the Commencement Date for the Phase 3 Premises.

 

5.             Subject to the provisions of the Lease, the Tenant has a Right of
First Refusal and a Right to Rent with respect to space located pursuant to
Exhibit “C” of the Lease.

 

6.             Subject to the provisions of the Lease, the Tenant has the option
to extend the Term of the Lease for two (2) consecutive periods equal to five
(5) years each pursuant to Exhibit “F” of the Lease.

 

7.             The demised premises is approximately 60,177 square feet located
within a six (6) story building containing approximately two hundred fifty
thousand, four hundred twenty eight (250,428) rentable square feet located at
200 Wheeler Road, Burlington, Massachusetts 01803, and the areas of which are
the subject of all appurtenant rights and easements set forth in Sections 2.1
and 10.14 of the Lease.  For Landlord’s title, see deed at Book           ,
Page           .

 

This Notice of Lease has been executed merely to give notice of the Lease, and
all of the terms, conditions and covenants of which are incorporated herein by
reference.  The parties hereto do not intend this Notice of Lease to modify or
amend the terms, conditions and covenants of the Lease which are incorporated
herein by reference.

 

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IN WITNESS WHEREOF, the parties hereto have duly executed this Notice of Lease
as of this        day of May, 2007.

 

 

 

LANDLORD:

 

 

 

 

ONE WHEELER ROAD ASSOCIATES

 

 

 

 

 

BY:

THE GUTIERREZ COMPANY, ITS
GENERAL PARTNER

 

 

 

 

 

 

 

 

 

By:

 

 

 

 

Arthur J. Gutierrez, Jr.

 

 

 

President

 

 

 

 

 

 

 

 

 

TENANT:

 

 

 

 

ASPEN TECHNOLOGY, INC.

 

 

 

 

By:

 

 

 

 

 

 

Its:

 

 

 

 

 

 

By:

 

 

 

 

 

 

Its:

 

 

 

2

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THE COMMONWEALTH OF MASSACHUSETTS

 

MIDDLESEX, SS

 

On this            day of                       , 2007, before me, the
undersigned notary public, personally appeared Arthur J.  Gutierrez, the
President, of The Gutierrez Company, General Partner of One Wheeler Road,
Burlington, Massachusetts, proved to me through satisfactory evidence of
identification, which was o photographic identification with signature issued by
a federal or state governmental agency, o oath or affirmation of a credible
witness, o personal knowledge of the undersigned, to be the person whose name is
signed on the preceding or attached document(s), and acknowledged to me that
he/she signed it voluntarily for its stated purpose.

 

 

 

(official seal)

 

 

 

 

 

 

 

 

 

 

 

 

Notary Public

 

 

 

My Commission Expires:

 

 

THE COMMONWEALTH OF MASSACHUSETTS

 

MIDDLESEX, SS

 

On this              day of                     , 2007, before me, the
undersigned notary public, personally appeared                        of Aspen
Technology, Inc., proved to me through satisfactory evidence of identification,
which was o photographic identification with signature issued by a federal or
state governmental agency, o oath or affirmation of a credible witness, o
personal knowledge of the undersigned, to be the person whose name is signed on
the preceding or attached document(s), and acknowledged to me that he/she signed
it voluntarily for its stated purpose.

 

 

 

(official seal)

 

 

 

 

 

 

 

 

 

 

 

 

Notary Public

 

 

 

My Commission Expires:

 

3

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EXHIBIT “I”

 

RECORDING REQUESTED BY
AND AFTER RECORDING, RETURN TO:

 

GMAC Commercial Mortgage Corporation
200 Witmer Road
Horsham, PA 19044-8015
Attn: Executive Vice President -Servicing Administration
991091890

 

SPACE ABOVE THIS LINE RESERVED FOR RECORDER’S USE

 

SUBORDINATION, NON-DISTURBANCE
AND ATTORNMENT AGREEMENT

 

This Subordination, Non-Disturbance and Attornment Agreement (“Agreement”), is
made as of this            day of                     , 200   among
                    , not individually, but solely as Trustee for the
Certificate Holders of                     , Series 3,
Series           -           under certain {Pooling/Trust} and Servicing
Agreement dated as of                     ,                      (“Lender”), by
and through GMAC Commercial Mortgage Corporation, a California corporation, its
[Master] Servicer under said {Pooling/Trust} and Servicing Agreement, One
Wheeler Road Associates, a Massachusetts Limited Liability Company (“Landlord”),
and Aspen Technology, Inc., a                      corporation, including its
successors and/or assigns (“Tenant”).

 

Background

 

A.            Lender is the owner and holder of a deed of trust or mortgage or
other similar security instrument (either, the “Security Instrument”), covering,
among other things, the real property commonly known and described as 200
Wheeler Road, Burlington, Massachusetts, and further described on Exhibit “A”
attached hereto and made a part hereof for all purposes, and the building and
improvements thereon (collectively, the “Property”)

 

B.            Tenant is the lessee under that certain lease agreement between
Landlord and Tenant dated May       , 2007 (“Lease”), demising a portion of the
Property described more particularly in the Lease (“Leased Space”).

 

C.            Landlord, Tenant and Lender desire to enter into the following
agreements with respect to the priority of the Lease and Security Instrument.

 

NOW, THEREFORE, in consideration of the mutual promises of this Agreement, and
intending to be legally bound hereby, the parties hereto agree as follows:

 

1.             Subordination.  Tenant agrees that the Lease, and all estates,
options and rights created under the Lease, hereby are subordinated and made
subject to the lien and effect of the Security Instrument, as if the Security
Instrument had been executed and recorded prior to the Lease.

 

--------------------------------------------------------------------------------

 

2.             Nondistubrance. Lender agrees that no foreclosure (whether
judicial or nonjudicial), deed-in-lieu of foreclosure, or other sale of the
Property in connection with enforcement of the Security Instrument or otherwise
in satisfaction of the underlying loan shall operate to terminate the Lease or
Tenant’s rights thereunder to possess and use the leased space provided,
however, that (a) the term of the Lease has commenced, (b) Tenant is in
possession of the premised demised pursuant to the Lease, and (c) the Lease is
in full force and effect and no uncured default exists under the Lease.

 

3.             Attornment. Tenant agrees to attorn and recognize as its landlord
under the Lease each party acquiring legal title to the Property by foreclosure
(whether judicial or nonjudicial) of the Security Instrument, deed-in-lieu of
foreclosure, or other sale in connection with enforcement of the Security
Instrument or otherwise in satisfaction of the underlying loan (“Successor
Owner”).  Provided that the conditions set forth in Section 2 above are met at
the time Successor Owner becomes owners of the Property, Successor Owner shall
perform all obligations of the landlord under the Leases arising from and after
the date title to the Property was transferred to Successor Owner.  In no event,
however, will any Successor Owner be: (a) liable for any default, act or
omission of any prior landlord under the Lease, (except that Successor Owner
shall not be relieved from the obligation to cure any defaults which are
non-monetary and continuing in nature, and such that Successor Owner’s failure
to cure would constitute a continuing default under the Lease); (b) subject to
any offset or defense which Tenant may have against any prior landlord under the
Lease; (c) bound by any payment of rent or additional rent made by Tenant to
Landlord more than 30 days in advance; (d) bound by any modification or
supplement to the Lease, or waiver of Lease terms, made without Lender’s written
consent thereto; (e) liable for the return of any security deposit or other
prepaid charge paid by Tenant under the Lease, except to the extent such amounts
were actually received by Lender; (f) liable or bound by any right of first
refusal or option to purchase all or any portion of the Property; or (g) liable
for construction or completion of any improvements to the Property or as
required under the Lease for Tenant’s use and occupancy (whenever arising). 
Although the foregoing provisions of this .Agreement are self-operative, Tenant
agrees to execute and deliver to Lender or any Successor Owner such further
instruments as Lender or a Successor Owner may from time to time request in
order to confirm this Agreement.  If any liability of Successor Owner does arise
pursuant to this Agreement, such liability shall be limited to Successor Owner’s
interest in the Property.

 

4.             Rent Payments; Notice to Tenant Regarding Rent Payments.  Tenant
agrees not to pay rent more than one (1) month in advance unless otherwise
specified in the Lease.  After notice is given to Tenant by Lender that Landlord
is in default under the Security Instrument and that the rentals under the Lease
should be paid to Lender pursuant to the assignment of leases and rents granted
by Landlord to Lender in connection therewith, Tenant shall thereafter pay to
Lender all rent and all other amounts due or to become due to Landlord under the
Lease, and Landlord hereby expressly authorizes Tenant to make such payments to
Lender upon reliance on Lender’s written notice (without any inquiry into the
factual basis for such notice or any prior notice to or consent from Landlord)
and hereby releases Tenant from all liability to Landlord in connection with
Tenant’s compliance with Lender’s written instructions.

 

5.             Lender Opportunity to Cure Landlord Defaults.  Tenant agrees
that, until the Security Instrument is released by Lender, it will not exercise
any remedies under the Lease following a Landlord default without having first
given to Lender (a) written notice of the

 

2

--------------------------------------------------------------------------------

 

alleged Landlord default and (b) the opportunity to cure such default within the
time periods provided for cure by Landlord, measured from the time notice is
given to Lender.  Tenant acknowledges that Lender is not obligated to cure any
Landlord default, but if Lender elects to do so, Tenant agrees to accept cure by
Lender as that of Landlord under the Lease and will not exercise any right or
remedy under the Lease for a Landlord default.  Performance rendered by Lender
on Landlord’s behalf is without prejudice to Lender’s rights against Landlord
under the Security Instrument or any other documents executed by Landlord in
favor of Lender in connection with the Loan.

 

6.             Miscellaneous.

 

(a)           Notices. All notices under this Agreement will be effective only
if made in writing and addressed to the address for a party provided below such
party’s signature.  A new notice address may be established from time to time by
written notice given in accordance with this Section.  All notices will be
deemed received only upon actual receipt.

 

(b)           Entire Agreement:  Modification.  This Agreement is the entire
agreement between the parties relating to the subordination and nondisturbance
of the Lease, and supersedes and replaces all prior discussions, representations
and agreements (oral and written) with respect to the subordination and
nondisturbance of the Lease.  This Agreement controls any conflict between the
terms of this Agreement and the Lease.  This Agreement may not be modified,
supplemented or terminated, nor any provision hereof waived, unless by written
agreement of Lender and Tenant, and then to the extent expressly set forth in
such writing.

 

(c)           Binding Effect.  This Agreement binds and inures to the benefit of
each party hereto and their respective heirs, executors, legal representatives,
successors and assigns, whether by voluntary action of the parties or by
operation of law.  If the Security Instrument is a deed of trust, this Agreement
is entered into by the trustee of the Security Instrument solely in its capacity
as trustee and not individually.

 

(d)           Unenforceability.  Any provision of this Agreement which is
determined by a government body or court of competent jurisdiction to be
invalid, unenforceable or illegal shall be ineffective only to the extent of
such holding and shall not affect the validity, enforceability or legality of
any other provision, nor shall such determination apply in any circumstance or
to any party not by such determination.

 

(e)           Construction of Certain Terms.  Defined terms used in this
Agreement may be used interchangeably in singular or plural form, and pronouns
cover all genders.  Unless otherwise provided herein, all days from performance
shall be calendar days, and a “business day” is any day other than Saturday,
Sunday and days on which Lender is closed for legal holidays, by government
order or weather emergency.

 

(f)            Governing Law.  This Agreement shall be governed by the laws of
the State in which the Property is located (without giving effect to its
rules governing conflicts of laws).

 

(g)           WAIVER OF JURY TRIAL.  TENANT, AS AN INDUCEMENT FOR LENDER TO
PROVIDE THIS AGREEMENT AND THE ACCOMMODATIONS TO

 

3

--------------------------------------------------------------------------------

 

TENANT OFFERED HEREBY, HEREBY WAIVES ITS RIGHT, TO THE FULL EXTENT PERMITTED BY
LAW, AND AGREES NOT TO ELECT, A TRIAL BY JURY WITH RESPECT TO ANY ISSUE ARISING
OUT OF THIS AGREEMENT.

 

(h)           Counterparts.  This Agreement may be executed in any number of
counterparts, each of shall be deemed an original and all of which together
constitute a fully executed agreement even though all signatures do not appear
on the same document.  The failure of any party hereto to execute this
Agreement, or any counterpart hereof, shall not relieve the other signatories
from their respective obligations hereunder.

 

Remainder of Page Intentionally Left Blank
Signature Page to Follow

 

4

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IN WITNESS WHEREOF, this Agreement is executed as of this day of May, 2007.

 

LENDER:

 

TENANT:

 

 

 

 

[insert Trustees’ name here], Trustee

 

Aspen Technology, Inc.

 

 

 

By: GMAC Commercial Mortgage
Corporation, its [Master] Servicer

 

 

 

 

 

By:

 

 

 

By:

 

 

 

Name

 

Name:

 

Title:

 

Title:

 

 

 

Lender Notice Address:

 

Tenant Notice Address:

 

 

 

[insert Trustee’s name here], Trustee

 

 

c/o GMAC Commercial Mortgage Corporation

 

 

 

 

200 Witmer Road

 

 

 

 

Horsham, PA 19044

 

 

 

Attn: Executive Vice President — Servicing

 

Attn:

 

Administration

 

 

 

 

 

LANDLORD:

 

 

 

 

 

One Wheeler Road Associates

 

 

 

 

 

By:

The Gutierrez Company,

 

 

 

 

Its General Partner

 

 

 

 

 

 

By:

 

 

 

 

 

Name: Arthur J. Gutierrez, Jr.

 

 

 

Title: President

 

 

 

 

 

 

 

Landlord Notice Address:

 

 

c/o The Gutierrez Company

 

 

One Wall Street

 

 

Burlington, MA 01803

 

 

 

5

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Notary Acknowledgement for Lender:

 

Commonwealth of Pennsylvania

:

 

 

:

ss

County of Montgomery

:

 

 

On this, the            day of                     , 200_, before me, the
undersigned Notary Public, personally appeared
                                         known to me (or satisfactorily proven)
to be the person whose name is subscribed to within instrument, and who
acknowledged to me that he/she is an officer of GMAC Commercial Mortgage
Corporation in the capacity stated and that he/she executed the within
instrument in such capacity for the purposes therein contained.

 

IN WITNESS WHEREOF, I have hereunto set my hand and official seal.

 

 

 

 

 

 

Notary Public

 

 

 

 

 

 

{seal}

 

Notary Acknowledgement for Tenant:

 

THE COMMONWEALTH OF MASSACHUSETTS

 

                               COUNTY

 

On this            day of                     , 2007, before me, the undersigned
notary public, personally appeared                                          of
Aspen Technology, Inc., proved to me through satisfactory evidence of
identification, which was ophotographic identification with signature issued by
a federal or state governmental agency, o oath or affirmation of a credible
witness,o personal knowledge of the undersigned, to be the person whose name is
signed on the preceding or attached document(s), and acknowledged to me that
he/she signed it voluntarily for its stated purpose.

 

 

 

(official seal)

 

 

 

 

 

 

 

 

 

Notary Public

 

 

 

My Commission Expires:

 

6

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Notary Acknowledgement for Landlord:

 

THE COMMONWEALTH OF MASSACHUSETTS

 

MIDDLESEX, SS

 

On this            day of                     , 2007, before me, the undersigned
notary public, personally appeared Arthur J. Gutierrez, Jr., as President of The
Gutierrez Company, proved to me through satisfactory evidence of identification,
which was personal knowledge of the undersigned, to be the person whose name is
signed on the documents listed below, and acknowledged to me that he signed it
voluntarily for its stated purpose.

 

 

 

(official seal)

 

 

 

 

 

 

 

 

 

Notary Public

 

 

 

My Commission Expires:

 

7

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EXHIBIT “K”

 

Example of abatement (Section 4.1)

 

For purposes of example regarding the four (4) month rent abatement of Fixed
Rent applicable to the Phase 1, Phase 2 and Phase 3 Premises, if the Phase 1
Commencement Date is September 10, 2007, Fixed Rent commences on the Phase 1
Space on January 10, 2008.  Similarly, if the Phase 2 Commencement Date is
October 10, 2007, then Fixed Rent commences for the Phase 2 Space on
February 10, 2008.  If the Phase 3 Commencement Date is January 1, 2008, Fixed
Rent commences on May 1,2008.

 

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EXHIBIT “L”

 

Schedule of Milestone Dates

 

[TO BE SUPPLIED]

 

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EXHIBIT “M”

 

ALLOWANCE

 

a)             TI Allowance - $25.00 per rentable square foot, which such credit
shall be applied towards the first dollars due for Landlord’s Work or for any
other purpose related to the Lease or Tenant’s furnishings, or attorneys’ fees.

 

b)            A&E Allowance - $2.50 per rentable square foot to be used to pay
architects, engineers and others the cost of preparing the Tenant’s Plans (and
specifications) in connection with the Landlord’s Work.  Said Allowance shall be
applied to the preparation of the Tenant’s Plans.

 

The aforesaid A&E Allowance shall be paid to Tenant within thirty (30) days of
Landlord’s receipt of said requisition (together with reasonable documentation
evidencing Tenant’s expenditure of same).  The TI Allowance shall be offset
against Landlord’s Work.  Any unused portion of either allowance (sometimes
herein collectively referred to as the “Allowance”), shall be applied to the
first rental payment due hereunder.

 

c)             Any rebates received by Landlord regarding the purchase of any
goods or materials shall be credited to the TI Allowance for Tenant’s benefit.

 

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EXHIBIT “N”

 

SWING SPACE

 

Effective as of May 1, 2007, Landlord shall provide Tenant with up to 8,000
rentable square feet of “Swing Space” at 200 Wheeler Road on an “as is” basis,
which Tenant shall have the right to lease, at its sole option, on a
tenant-at-will basis for $0.00/RSF, net of electricity for lights and plugs
until the Term Commencement Date hereunder.  Any such “Swing Space” shall be
made available to Tenant promptly upon within twenty-one (21) days notice from
Tenant to Landlord, subject to the execution of a mutually agreeable Use and
Occupancy Agreement.

 

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