Exhibit 10.2



OFFICE LEASE 


 


 


THIS LEASE AGREEMENT made this 24th day
of September 2021 (the “Effective Date”), by and between Redmond East Office Park LLC, a Washington Limited Liability Company
(the "Lessor") and MicroVision, Inc., a Washington Corporation (the “Lessee”).


 


		1.	Premises. Lessor does hereby lease to Lessee those certain
premises consisting of approximately 36,062 rentable square foot and depicted in the floor plan attached hereto as Exhibit D (the “Premises”)
in the building located at 18390 NE 68th Street in Redmond, Washington and commonly referred to as the Northwest Technical
Center – Building A-1 (the “Building”) located on the land as legally described on Exhibit A, attached hereto. The Building
hereafter sometimes may be referred to as the “Project”. In addition, the Lessee has the right, in common with other lessees
in the Project and subject to the Rules and Regulations, attached hereto, as Exhibit B, to use of the common areas including the loading
and parking areas.



 


		2.	Term. This Lease shall be for an initial term of one hundred twenty (120) months (the “Initial
Term” and together with the Renewal Term, if properly exercised, the “Lease Term”) commencing on the Commencement Date
(as defined below). Lessor shall deliver the Premises to Lessee on the date which is ninety (90) days following the Effective Date (the
“Delivery Date”) for the purpose of tenant improvement construction, installing telecommunications equipment, wiring, cabling,
and furniture installation/configuration. The “Commencement Date” shall be the date which is ninety (90) days after the Delivery
Date. The parties acknowledge and agree that from the period commencing on the Delivery Date and ending on
the Commencement Date, all terms and conditions of this Lease shall be in effect, except that Lessee shall not be required to pay Base
Rent or Additional Rent hereunder. Lessor and Lessee acknowledge that the target Delivery Date is April 1, 2022 and the target Commencement
Date is July 1, 2022. Lessee and Lessor shall execute a Commencement Memorandum to memorialize the Delivery Date and the Commencement
Date. Lessee is entering into a lease termination (the “Lease Termination”) with its current landlord for separate premises
it is leasing in Redmond, Washington (“Prior Landlord”). Notwithstanding anything to the contrary herein, the parties hereby
acknowledge and agree that the execution by Lessee and the Prior Landlord of the Lease Termination is a condition subsequent to the effectiveness
of this Lease, and accordingly, in the event that Lessee has not reached an agreement with its Prior Landlord regarding the Lease Termination
by October 31, 2021, this Lease shall be deemed void ab initio.



 


		3.	Base Rent. Lessee covenants and agrees to pay Lessor at PO Box 140, Redmond, WA, 98073 or
Property Management portal, or to such other party or at such other place as Lessor may hereafter designate, Base Rent in the amount schedule
below and Additional Rent, as provided in Section 10, in advance without offset or deduction, on or before the first (1st) day of each
month of the Initial Lease Term:



 





	 	Months:	 	Base Rent:	 	 
	 	 	 	 	 	 
	 	Months 01 - 4:	 	$30.90/RSF/year plus Additional Rent	 	
	 	Months 05 - 16:
	 	$30.90/RSF/year plus Additional Rent	 	 
	 	Months 17 - 28:	 	$31.83/RSF/year plus Additional Rent	 	 
	 	Months 29 - 40:	 	$32.78/RSF/year plus Additional Rent	 	 
	 	 	 	 	 	 


 




 


 



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	 	Months 41 - 52:	 	$33.76/RSF/year plus Additional Rent	 	 
	 	Months 53 - 64:	 	$34.78/RSF/year plus Additional Rent	 	 
	 	Months 65 - 76:	 	$35.82/RSF/year plus Additional Rent	 	 
	 	Months 77 - 88:	 	$36.90/RSF/year plus Additional Rent	 	 
	 	Months 89 -100:	 	$38.00/RSF/year plus Additional Rent	 	 
	 	Months 101 - 112:	 	$39.14/RSF/year plus Additional Rent	 	 
	 	Months 113 - 120:	 	$40.32/RSF/year plus Additional Rent	 	 
	 	 	 	 	 





 


 


		4.	Option to Renew.



 


		A.	Exercise of Option to Renew. Lessee
                                            shall have one (1) Option to Renew the Lease for a period of One Hundred and Twenty (120)
                                            Months (the “Renewal Term”). Lessee must exercise its Option to Renew upon providing
                                            Lessor with written notice thereof no sooner than Fifteen (15) Months and no later than Twelve
                                            (12) Months prior to expiration of the Initial Lease Term. If exercised, the Lease terms
                                            during the Renewal Term shall be the same as the original Lease, however Base Rent shall
                                            be adjusted to then current fair market rents for leases or renewals in comparable buildings
                                            in Redmond, WA (the “Fair Market Rent”). The Option to Renew is personal to Lessee.
                                            The Option to Renew shall also pertain to the Expansion Premises (as defined below) if the
                                            Option to Expand is exercised.



 


		B.	Fair Market Rent Determination.
                                            The Fair Market Rent shall be determined as follows:



 


			i.         In the event Lessor and Lessee are unable to agree upon a mutually acceptable Fair Market
                                                                                                                                                                                                                                  Rent by the date that is six (6) months prior to the expiration of the Initial Lease Term (the “Fair Market Deadline”),
                                                                                                                                                                                                                                  Lessor shall, within fifteen (15) days following the Fair Market Deadline, appoint an appraiser to complete an appraisal of the Fair
                                                                                                                                                                                                                                  Market Rent within thirty (30) days after the appointment of Lessor’s appraiser and Lessor shall deliver a copy thereof to
                                                                                                                                                                                                                                  Lessee promptly upon receipt by Lessor (“Lessor Appraisal”).



 





			ii.         If Lessee delivers
notice to Lessor of Lessee’s disapproval of the Lessor Appraisal within fifteen (15) business days after Lessee’s receipt
of the Lessor Appraisal, then Lessee shall have fifteen (15) days to select an appraiser to deliver an additional appraisal of the Fair
Market Rent (the “Lessee Appraisal”). The Lessee Appraisal shall be delivered within thirty (30) days after the appointment
of Lessee’s appraiser and Lessee shall deliver a copy thereof to Lessor promptly upon receipt by Lessee.



 








			iii.         If Lessor delivers
notice to Lessee of Lessor’s disapproval of the Lessee Appraisal within fifteen (15) business days after Lessor’s receipt
of the Lessee Appraisal, then Lessor and Lessee shall each cause their respective appraisers to jointly select a third appraiser, who
shall be an independent appraiser of similar qualifications (the “Joint Appraiser”). If the two appraisers fail to select
a Joint Appraiser within thirty (30) days following the date that Lessee received Lessor’s notice of disapproval of the Lessee
Appraisal, either Lessor or Lessee may petition a court of competent jurisdiction to appoint a third appraiser. The Joint Appraiser shall,
within fifteen (15) days after appointment, select either the Lessor Appraisal or the Lessee Appraisal as the Final Appraisal.



 









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			iv.         Notwithstanding
anything to the contrary herein, the Fair Market Rent for the Renewal Term shall not be less than the Base Rent in place at the expiration
of the Initial Term and shall be either (i) the Fair Market Rent as expressed in either the Lessor Appraisal or the Lessee Appraisal,
or (ii) the Fair Market Rent reflected in the Final Appraisal, as selected by the Joint Appraiser.



 
















			v.         All appraisers
appointed hereunder shall be, at the time of their appointment, members of good standing of the American Institute of Real Estate Appraisers.
The party whose appraisal the Joint Appraiser did not select shall be responsible for the cost of the Joint Appraiser’s services,
otherwise, the cost of the Lessor Appraisal shall be borne by Lessor and the cost of the Lessee Appraisal shall be borne by the Lessee.



  


		5.	Security Deposit.



 


		A.	Prepaid Rent Deposit. Lessee has
                                            deposited with Lessor on the date hereof One Hundred Five Thousand Three Hundred Ninety-One
                                            and 20/100 Dollars ($105,391.20) which is to be applied to the Base Rent and Additional Rent
                                            for the month in which the Commencement Date occurs



 


		B.	Security Deposit. Lessee has deposited
                                            with Lessor on the date hereof One Million Two Hundred Fifty One Thousand Three Hundred Fifty
                                            One Dollars ($1,251,351.00) of which $625,675.50 is cash and $625,675.50 is a Letter of Credit
                                            in a form from a financial institution, acceptable to Lessor. Said sum shall be held by Lessor
                                            as security for the faithful performance by Lessee of all the terms, covenants and conditions
                                            of this Lease to be kept and performed by Lessee during the entire Term hereof. If Lessee
                                            materially defaults with respect to any provision of this Lease beyond any applicable notice
                                            and cure periods, including, but not limited to, the provisions relating to the payment of
                                            Rent or other charges or sums due under this Lease, Lessor may (but shall not be required
                                            to) use, apply or retain all or any part of the security deposit for the payment of any Rent
                                            or other charges or sums due under this Lease or any sum in default, or for the payment of
                                            any amount which Lessor may spend or become obligated to spend by reason of Lessee's default,
                                            or to compensate Lessor for any other loss, damage, cost or expense (including attorneys'
                                            fees) which Lessor may suffer or incur by reason of Lessee's default. If any portion of said
                                            security deposit is so used or applied, Lessee shall, within fifteen (15) days after written
                                            demand therefore, deposit a certified or cashier's check or wire transfer with Lessor in
                                            an amount sufficient to restore the security deposit to the amount of the security deposit
                                            immediately prior to such default by Lessee and Lessee's failure to do so shall be a default
                                            under this Lease. Lessor shall not be required to keep the security deposit separate from
                                            its general funds and Lessee shall not be entitled to interest on such deposit. If Lessee
                                            shall fully and faithfully perform every provision of this Lease to be performed by it, the
                                            security deposit or any balance thereof after deduction hereunder by Lessor shall be returned
                                            to Lessee (or, at Lessor's option, to the last assignee of Lessee's interest hereunder) within
                                            thirty (30) days following expiration of the Lease Term; provided, that in the event this
                                            Lease shall be terminated upon the default of the Lessee beyond any applicable notice and
                                            cure period(s), the security deposit shall be retained by Lessor and all of Lessee's interest
                                            therein shall terminate and the security deposit will be 



 









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			applied against the damages suffered by Lessor
                                            by reason of the Lessee's default. In the event of termination of Lessor's interest in this
                                            Lease, Lessor shall transfer said deposit to Lessor's successor in interest. Notwithstanding
                                            the foregoing, provided Lessee has not been in material default of the Lease beyond any applicable
                                            notice and cure periods, then, after Month 12 of the Lease, the Security Deposit shall be
                                            reduced to Nine Hundred Thirty-Eight Thousand Five Hundred Thirteen and No/100 Dollars ($938,513.00)
                                            of which Four Hundred Sixty-Nine Thousand Two Hundred Fifty-Six and 50/100 Dollars ($469,256.50)
                                            shall be cash and the remaining Four Hundred Sixty-Nine Thousand Two Hundred Fifty-Six and
                                            50/100 Dollars ($469,256.50) shall be Letter of Credit. Provided Lessee has not been in material
                                            default of the Lease beyond any applicable notice and cure periods, then, after Month 26
                                            of the Lease, the Security Deposit shall be reduced further to Six Hundred Twenty-Five Thousand
                                            Six Hundred Seventy-Five and No/100 Dollars ($625,675.00) of which Three Hundred Twelve Thousand
                                            Eight Hundred Thirty-Seven and 50/100 Dollars ($312,837.50) shall be cash and Three Hundred
                                            Twelve Thousand Eight Hundred Thirty-Seven and 50/100 Dollars ($312,837.50) shall be Letter
                                            of Credit, which Security Deposit shall remain in place through the balance of the Lease
                                            Term.





 


		6.	Use. Lessee shall use and occupy
                                            the Premises for the purposes of general office, including but not limited to, research and
                                            development and prototype manufacturing of products related to Lessee’s portfolio of
                                            intellectual property and other products and for no other purposes, without prior written
                                            consent of Lessor, and shall comply with all governmental laws, ordinances, regulations,
                                            orders and directives and insurance requirements applicable to Lessee's use of the Premises.
                                            Lessee shall not occupy or use or permit any portion of the Premises to be occupied or used
                                            in such a manner or for any purpose, which would increase the cost of insurance coverage
                                            upon the Premises, the building or the contents thereof.



 


		7.	Rules and Regulations. Lessee
                                            agrees to comply with any Rules and Regulations attached hereto as Exhibit B, any recorded
                                            Covenants, Conditions and Restrictions affecting the Project (provided that a copy thereof
                                            has been provided by Lessor to Lessee), as well as such other reasonable rules and regulations
                                            as may from time to time be adopted by Lessor for the management, good order and safety of
                                            common areas, the building and its Lessee(s) (provided that Lessor shall provide Lessee with
                                            written notice of any such other rules and regulations for the Project which are not attached
                                            to this Lease). Lessee shall be responsible for the compliance with such rules and regulations
                                            by its employees, agents and invitees. Lessor's failure to enforce any of such rules and
                                            regulations against Lessee or any other Lessee shall not be deemed to be a waiver of same.



 


		8.	Maintenance. Lessee agrees by
                                            taking possession that the Premises are in leasable and good condition. Lessee shall, at
                                            its expense, and at all times keep, maintain, and repair the interior Premises, including
                                            but not limited to storefronts, exterior doors and windows, and Lessee division walls in
                                            good condition, repair and order and in accordance with applicable laws, ordinances, rules,
                                            regulations and requirements of government authorities and insurance rating bureaus. Lessee
                                            shall further keep the Premises and adjoining common areas in a neat, clean, safe and sanitary
                                            condition replacing glass and panels in windows and doors of the Premises. Lessor shall keep,
                                            maintain, repair and replace the Building and areas surrounding the Premises in a manner
                                            consistent with other similar buildings within Redmond, Washington, including but not limited
                                            to the Building’s mechanical, electrical, sprinkler and other utility systems (outside
                                            of the Premises) together with connections to utility distribution systems and protect water
                                            drains, gas 



 









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		and
other pipes to prevent freezing or clogging and repair all leaks and damage caused thereby; remove ice and snow from Building entries
and common areas immediately adjacent to the Premises. Lessor shall repair the roof, exterior walls (including doors and windows that
are not a part of the Premises), foundations and common areas and facilities (unless specifically damaged by Lessee), if any, and the
cost thereof shall be shared as provided in Section 9 hereof. Lessor will maintain a preventative maintenance contract providing for
the regular inspection, maintenance and repair of the heating and air conditioning systems with a licensed mechanical contractor the
cost of which will be paid by Lessee per Lessee’s pro-rata share of the Building as Additional Rent.








 


		9.	Utilities and Fees. Lessee agrees
                                            to pay promptly when due all charges for light, heat, water, sewer, garbage, fire protection
                                            and other utilities and services to the Premises, and all license fees and other governmental
                                            charges levied on Lessee's property and the operation of Lessee's business on the Premises.
                                            Lessor shall not be liable for any injury or damages suffered as a result of the interruption
                                            of utilities or services by fire, or other casualty, strike, riot, vandalism, the making
                                            of necessary repairs or improvements, or other causes beyond Lessor's reasonable control,
                                            however Lessor shall use best efforts to assist with the restoration of such utilities in
                                            the event of any outage or cessation of such services so that Lessee’s interruption
                                            of business is kept to a minimum; and provided that to the extent Lessee is unable to reasonably
                                            utilize or occupy the Premises as a result of any interruption, deprivation or reduction
                                            in utilities and services to the Premises, then Lessee shall be entitled to an abatement
                                            in Base Rent and Additional Rent for the period beginning with the date which is three (3)
                                            business days after Lessee delivers notice to Lessor of such interruption, deprivation or
                                            reduction (provided that, such interruption, deprivation or reduction is continuing as of
                                            such third business day) and ending on the date such interruption, deprivation or reduction
                                            is no longer causing Lessee to be deprived of all reasonable use of the Premises or any portion
                                            thereof. During such abatement period, Base Rent and Additional Rent shall abate in the same
                                            ratio as the portion of the Premises rendered unusable as a result of such interruption,
                                            deprivation or reduction. Notwithstanding the foregoing, such
                                            abatement of Base Rent and Additional Rent shall only be available to Tenant in the event
                                            the interruption, deprivation or reduction in utilities and services is (i) solely the result
                                            of a default by Landlord under the Lease, and (ii) is not related to an event outside of
                                            Landlord’s reasonable control. In no event will Landlord be responsible for a loss
                                            or injury to business, however, occurring through or in connection with or incidental to
                                            any failure to furnish any such services.



 


		10.	Monthly Operating Expense Adjustments.
                                            Lessee shall pay as additional monthly rent (“Additional Rent”) the Lessee’s
                                            Share (as defined below) of the following:



 


		A.	Real Estate taxes and assessments, if any.



 


		B.	Usual and necessary costs of operation,
                                            management, maintenance and repair as determined by standard accounting practice, including
                                            without limitation, all utilities and services not metered or charged directly to Lessee,
                                            insurance (including, but not limited to the insurance provided for under Paragraph 16 C
                                            below), painting, upkeep and repair of building exterior, parking, landscaping, and all common
                                            areas and facilities and Permitted Capital Improvements. The items under this clause (B)
                                            shall not include: any of the following: (i) ground rent; (ii) interest and amortization
                                            of funds borrowed by Lessor for items other than capital improvements; (iii) leasing commissions
                                            and advertising and space planning expenses incurred in procuring tenants; (iv) salaries,
                                            wages, or other compensation paid to officers or executives of Lessor in their capacities 



 









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	 as officers and executives; (v) any cost or expense paid or incurred by Lessor to bring the
                                            Premises into compliance with laws; (vi) costs of renovating or otherwise improving, decorating,
                                            painting or redecorating space for tenants or other occupants of the Project; (vii) depreciation
                                            and amortization; (viii) interest and principal payments on loans; (ix) real estate brokerage,
                                            free rent, lease takeover obligations, and other inducements, costs, disbursements and expenses
                                            incurred in connection with leasing space in the Project and advertising and promotional
                                            expenses, legal fees, architectural and engineering (and similar consultant) fees, permits,
                                            licenses and inspection cost and fees in connection, the cost of tenant improvements, build
                                            out allowances, moving expenses and other concessions incurred in connection with leasing
                                            space in the Project; (x) costs of Lessor reimbursed by warranties, service contracts, insurance
                                            proceeds or otherwise; (xi) the cost of alterations, repairs, replacements, additions or
                                            other items of a capital nature except for capital items which are not Permitted Capital
                                            Improvements; (xii) costs, fines and penalties incurred because Lessor intentionally, knowingly
                                            or negligently violated any governmental requirement or law; (xiii) costs incurred because
                                            the Lessor or another tenant violated the terms of any lease; (xiv) general reserves; (xv)
                                            bad debt loss, rent loss or reserve for bad debt loss or rent loss for the Project; (xvi)
                                            costs incurred to test, survey, cleanup, contain, abate, remove or otherwise remedy hazardous
                                            substances or asbestos containing materials; (xvii) Lessor's general corporate overhead;
                                            and (xviii) any other costs and expenses that under generally accepted accounting principles
                                            and practice consistently applied would not be considered normal management, operation, maintenance
                                            and repair costs.  For purposes of this Lease, “Permitted Capital Improvements”
                                            are the cost of capital improvements or other costs incurred in connection with the Project
                                            (A) which are intended to effect economies in the operation or maintenance of the Project,
                                            or to reduce current or future operating costs, (B) to enhance the safety or security of
                                            the Project or its occupants provided such safety and security measures are generally being
                                            implemented by other landlords of office buildings in Redmond, (C) which are incurred for
                                            replacements, modifications or additions of nonstructural items located in the common areas
                                            required to keep the common areas in good order or condition; provided, however, that any
                                            capital expenditure shall be amortized in accordance with sound real estate management and
                                            accounting practices consistently applied by other landlords of office buildings in Redmond.



  


		C.	A Management fee equal to three percent
                                            (3%) of Lessee's monthly rent, including Base Rent and any Additional Rent.



 


Lessor shall from time to time estimate
and provide written notice to Lessee of its monthly expense based upon existing or expected costs. Lessee shall pay such monthly estimated
amount on or before the first day of each month. Lessor, annually and no later than six (6) months after the end of any calendar year
shall compute Lessee's actual expenses. Any overpayment shall be applied as a credit to Lessee against future payments of Additional
Rent. Lessee shall pay any deficiency to Lessor within thirty (30) days after the date of Lessor's statement. Lessor's records showing
expenditures made for such expenses shall be available for Lessee's inspection at any reasonable time. For purposes of this Lease, “Lessee’s
Share” means 100%.


 


Lessor shall make the determination of
actual costs and estimated costs allocable to the Premises. Lessor or its agent shall keep records showing all expenditures made for
the items enumerated above, which records shall be available for inspection and review by Lessee. The Lessee shall have the right, at
reasonable times and upon reasonable prior notice to the Lessor to review the


 









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Lessor’s records relating to the actual costs and
estimated costs allocable to the Premises for a particular Lease Year, which review must be conducted within six (6) months after Lessee’s
receipt of the statement of actual costs allocable to the Premises for that particular Lease Year. If such review is not conducted within
such six (6) month period, then the matters set forth in the statement of actual costs allocable to the Premises for that particular
Lease Year shall be deemed conclusive. The Lessee shall pay the costs and expenses of such review unless such review reveals that the
Lessor has overstated the Operating Expenses for the Lease Year in question by an amount equal to five percent (5%) or more for that
particular Lease Year in which event the Lessor shall pay the actual costs incurred by Lessee in the performance of such review. For
purposes of this Lease, “Lease Year” means a period of twelve (12) full and consecutive calendar months; provided, however,
the initial Lease Year shall begin on the Commencement Date and end on the last day of the month preceding the first anniversary of the
Commencement Date and if the Commencement Date does not occur on the first day of a calendar month, then the initial Lease Year shall
end on the last day of the month which contains the first anniversary thereof. Each succeeding Lease Year shall begin upon the termination
of the preceding Lease Year and shall be for a period of twelve (12) full and consecutive calendar months thereafter.


 


		11.	Lessor’s Reservations.
                                            Lessor reserves the right without liability to Lessee upon no less than two (2) business
                                            days’ prior written notice to Lessee: (a) to inspect the Premises, and to show them
                                            to prospective Lessees (during the last eighteen (18) months of the Lease), partners or lenders
                                            and if they are vacated, to prepare them for re-occupancy; (b) to retain at all times and
                                            to use in appropriate instances keys to doors within and into the Premises; (c) to make repairs,
                                            alterations, additions or improvements, whether structural or otherwise, in or about the
                                            building, and for such purposes to enter upon the Premises and during the continuance of
                                            any work, to close common areas, all without affecting any of Lessee's obligations hereunder,
                                            so long as the Premises are reasonably accessible and Lessor shall not unreasonably interfere
                                            with Lessee’s use or enjoyment of the Premises; and (d) generally to perform any act
                                            relating to the safety, protection and preservation of the Premises or Building.



 


		12.	Tenant Improvements. As of the
                                            Commencement Date, Lessor shall deliver the Premises in as-is condition. Lessor shall provide
                                            Lessee with a tenant improvement allowance in the maximum aggregate amount of Fifteen and
                                            No/100 Dollars per rentable square foot ($15.00/RSF) (the “TI Allowance”) to
                                            be used to pay for all actual, out-of-pockets costs and expenses incurred by Lessor in connection
                                            with the design, permitting and construction of the Improvements (as defined in Exhibit D).
                                            The disbursement of the TI Allowance and construction of the Improvements are outlined in
                                            Exhibit D, “Work Letter”. Lessee shall carry the contract with a general contractor,
                                            which general contractor shall be mutually selected by Lessor and Lessee. Lessor shall receive
                                            a supervisory/construction management fee equal to three percent (3.0%) of the total actual,
                                            out-of-pocket hard costs for the construction of the Improvements, which fee shall be funded
                                            from the TI Allowance. In the event the actual costs of the Improvements exceed the TI Allowance,
                                            Lessee shall be responsible for such excess amounts. In the event the actual costs of the
                                            Improvements are less than the TI Allowance, Lessee shall have up to twelve (12) months from
                                            Commencement Date to use the remaining unused balance of the TI Allowance on other “Eligible
                                            Expenses” (as defined below). “Eligible Expenses” mean all hard construction
                                            costs which may be incurred by Lessee for alterations or improvements to the Premises performed
                                            by or on behalf of Lessee.



 









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		13.	Assignment and Subletting. Lessee
                                            shall not either voluntarily or by operation of law assign, transfer, convey or encumber
                                            this Lease or any interest under it, or sublet its right to occupy or use all or any portion
                                            of the Premises without Lessor's prior written consent which consent shall not be unreasonably
                                            withheld, conditioned or delayed. Among the criteria to be used by Lessor in evaluating a
                                            request for assignment or subletting will be (i) the proposed use of the Premises; (ii) the
                                            anticipated impact, if any, on parking; or (iii) the financial capacity of the assignee/sublessee
                                            to perform the obligations under this Lease. Lessor reserves the right to recapture the Premises
                                            or applicable portion thereof in lieu of giving its consent by notice given to Lessee within
                                            twenty (20) days after receipt of Lessee's written request for assignment or subletting.
                                            Such recapture shall terminate this Lease as to the applicable space effective on the prospective
                                            date of assignment or subletting, which shall be the last day of a calendar month and not
                                            earlier than sixty (60) days after receipt of Lessee's request hereunder. In the event that
                                            Lessor shall not elect to recapture and shall thereafter give its consent, Lessee shall pay
                                            Lessor a reasonable fee, not to exceed One Thousand and No/100 Dollars ($1,000.00) to reimburse
                                            Lessor for processing costs incurred in connection with such consent. Lessor's consent shall
                                            not release or discharge Lessee from future liability under this Lease and shall not waive
                                            Lessor's right to consent to any future assignment or sublease. Any assignment or subletting
                                            without Lessor's consent shall be void and shall, at Lessor's option, constitute a default
                                            under this Lease. A transfer by the present majority shareholders of ownership or control
                                            of a majority of the voting stock of a corporate Lessee, or the change in form of entity
                                            of the Lessee, shall be deemed an assignment. Notwithstanding anything herein to the contrary,
                                            Lessee may, without Lessor’s prior consent assign its rights and obligations under
                                            this Lease or sublet all or a portion of the Premises to: (i) a subsidiary, parent, affiliate,
                                            division or entity controlled by or under common control with Lessee, (ii) a successor entity
                                            to Lessee by merger, consolidation, non-bankruptcy reorganization or governmental action,
                                            or (iii) a purchaser of substantially all of the assets or equity interests in Lessee, in
                                            which case the provisions of this Section 13 shall not apply to such transfer, assignment
                                            or sublease; provided that any such transfer is for a legitimate business purpose and is
                                            not undergone as a subterfuge to avoid the obligations of this Section 13.






 





			The Lessee
shall not assign its interest in or under this Lease for security purposes, nor shall the Lessee grant any security interest, lien or
encumbrance against its interest in this Lease or in or to any property in or affixed to the Premises without the prior written consent
of the Lessor, which consent shall be granted, withheld or conditioned in Lessor’s sole discretion. In no event shall the Lessee
grant, or allow to exist, any security interest in, or lien or encumbrance against the fee title to the Premises, the Building in which
the Premises is located or the real property on which the building is located.









 


		14.	Alterations. After obtaining
                                            the prior written consent of Lessor, which consent shall not be unreasonably withheld, conditioned
                                            or delayed, Lessee may make alterations, additions and improvements in said Premises (so
                                            long as such alterations, additions or improvements are not structural in nature and not
                                            visible from the exterior of the Premises) at its sole cost and expense. Lessee agrees to
                                            save Lessor harmless from any damage, loss, or expense arising there from and to comply with
                                            all laws, ordinances, rules and regulations. Upon termination of this Lease and unless otherwise
                                            agreed to by the parties, all alterations, additions and improvements made in, to or on the
                                            Premises (including without limitation all electrical, lighting, plumbing, heating, air conditioning,
                                            and communications equipment and systems, doors, windows, partitions, drapery, carpeting,
                                            shelving, counters, and physically attached fixtures unless excluded by written agreement
                                            annexed hereto), shall remain upon and be surrendered as a part of the Premises; provided
                                            however, upon Lessor's written request (which written request shall be made at the time Lessor
                                            consented to such alterations or improvements), Lessee shall remove its communications cabling
                                            and those additions, alterations, or improvements as may be specified by Lessor upon the 



 









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			expiration of the Lease Term, and repair and
                                            restore the Premises to is original condition (with all of Landlord’s Build and other
                                            Lessor improvements completed) at Lessee's sole cost and expense prior to expiration of the
                                            Lease Term.






 


		15.	Liens. Lessee shall keep the
                                            Premises free from any liens arising out of any work performed, materials furnished, equipment
                                            supplied, or obligations incurred by or on behalf of Lessee. No work performed, material
                                            furnished, equipment supplied or obligations incurred by or on behalf of Lessee shall be
                                            deemed to be for the immediate use and benefit of Lessor so that no mechanic's lien or other
                                            lien shall be allowed against Lessor's estate in the premises. Lessee shall provide, at Lessee's
                                            own cost, waivers of lien signed by any party (including the Lessee) who performs work, furnishes
                                            materials, or supplies equipment to the Premises. Lessor may require, at Lessee's sole cost
                                            and expense, a lien release and completion bond in an amount equal to either the actual contract
                                            price or one and one-half times the estimated cost of any improvements, additions or alterations
                                            in the Premises which Lessee desires to make, to insure Lessor against any liability for
                                            lien and to insure completion of the work.



 


		16.	Signs. Lessor, at Lessor’s
                                            sole expense, shall provide directory and suite signage. All signs or symbols placed by Lessee
                                            in the windows and doors of the Premises, or upon any exterior part of the building, shall
                                            be subject to city of Redmond and Lessor's prior written approval. Prior to termination of
                                            this Lease, Lessee will remove all signs placed by it upon the Premises, and will repair
                                            any damages caused by installation and removal. Obtaining approvals will be Lessee’s
                                            responsibility. Notwithstanding the foregoing and subject to Lessor’s prior written
                                            approval, which shall not be unreasonably withheld, conditioned or delayed and subject to
                                            compliance with all applicable City of Redmond codes, Lessee shall have the right, at Lessee’s
                                            expense, to install an exterior sign on the Building’s façade in a mutually
                                            agreeable location which shall remain on the Premises which shall be removed by Lessee, at
                                            Lessee’s expense, prior to the expiration of the Lease Term.



 


		17.	Insurance.



 


		A.	Lessee shall pay for and maintain, during
                                            the entire Lease Term, the following policies of insurance:



 


		(i)	Commercial general liability insurance,
                                            including products, completed operations coverage and auto liability insurance covering Lessee's
                                            operations and the Premises with limits of not less than $2,000,000 per occurrence.



 


		(ii)	Special cause of loss "all risk"
                                            perils and sprinkler leakage property insurance upon all building improvements and alterations
                                            on the Premises for which Lessee is responsible and upon Lessee's property in the amount
                                            of one hundred percent (100%) full replacement cost. The policy shall include Lessor and
                                            Lessor’s mortgagee, if any, as additional insureds, as their interests may appear,
                                            with a loss payable clause in favor of Lessor and Lessor’s mortgagee to the extent
                                            of their interest in the property.



 


		B.	Each policy provided by Lessee shall provide
                                            that it shall not be subject to cancellation or material change without at least thirty (30)
                                            days prior written notice to the Lessor. Lessee shall furnish Lessor, prior to commencement
                                            of the Term, with insurance certificates, including Lessor as additional insured.



 









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		C.	Lessor shall maintain property insurance
                                            during the entire Lease Term in the amount of one hundred percent (100%) full replacement
                                            value of the Building and Lessor’s improvements. Lessor’s coverage may include
                                            the perils of Special cause of loss (“all risk”) and earthquake.



 


		18.	Indemnity Against Liability for Loss
                                            or Damage.



 


		A.	Lessee assumes all liability for and shall
                                            indemnify, hold harmless and defend Lessor from and against all loss, damage or expense which
                                            the Lessor may sustain or incur, and against any and all claims, demands, suits and actions
                                            whatsoever, including expense of investigation and litigation (“Claims”), on
                                            account of injury to or death of persons, including without limitation employees of Lessor,
                                            employees of Lessee or its affiliated companies or on account of damage to or destruction
                                            of property, including without limitation property owned by and property in the care, custody
                                            or control of Lessor during the Lease Term, due to or arising in any manner from:



 


		(i)	The acts or negligence of Lessee or any
                                            contractor, subcontractor, or agent of Lessee or their respective employees;



 


		(ii)	The condition, use or operation of the
                                            Premises and/or materials or substances used by Lessee or any of its contractors, subcontractors
                                            or agents of Lessee or by their respective employees, regardless of whether or not furnished
                                            by Lessor under this Lease or otherwise;



 


		(iii)	Any damage or injury to persons or property
                                            arising out of Lessee's breach or this Lease, including, but not limited to, obligations
                                            of Lessee under Section 8, Maintenance.



 


		B.	Lessor shall have no liability to Lessee
                                            as a result of loss or damage to Lessee’s property or for death or bodily injury caused
                                            by the acts or omissions of other Lessees in the project or by third parties (including criminal
                                            acts).



 


		C.	Lessee shall not be obligated to indemnify
                                            Lessor for the portion of any claim or liability caused by or arising from the act, or negligence
                                            of Lessor. Lessor shall indemnify, defend and hold harmless Lessee from and against any and
                                            all Claims, arising in whole or in part out of (a) any act, omission or negligence of Lessor,
                                            or (b) any breach or default under this Lease by Lessor.



 


		D.	It is mutually understood and agreed that
                                            the assumption of liabilities and indemnification provided for in this Section 18 shall survive
                                            any termination of this Lease.



 


		19.	Damage or Destruction. If any
                                            of the Premises, or a substantial part of the building in which the Premises are located,
                                            shall be damaged or destroyed by fire or other insured casualty, and repair of the damage
                                            cannot be completed within one hundred twenty (120) days, following receipt by Lessor of
                                            actual notice of such damage or destruction, Lessor shall have the option either (a) to repair
                                            or rebuild within a reasonable time utilizing the insurance proceeds to effect such repair,
                                            or (b) not to repair or rebuild, and to cancel this Lease on sixty (60) days’ prior
                                            written notice. If Lessor fails to give Lessee written notice of its election within sixty
                                            (60) days from the date of



 









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			damage, or if the restoration of the Premises cannot
be completed within one hundred twenty (120) days from date of notice, Lessee may cancel this Lease at its option on fifteen (15) days’
prior written notice. During the period of untenantability, all rent shall abate in the same ratio as the portion of the Premises rendered
untenantable bears to the whole of the Premises; provided that if the damage is due to the fault or neglect of Lessee, there shall be
no abatement of rent.



 



 


If the Premises or the building in which
the Premises are located shall be damaged or destroyed by fire or other insured casualty, and repair of the damage can be completed within
one hundred twenty (120) days, Lessor shall repair or rebuild within a reasonable time utilizing the insurance proceeds to effect such
repair. During the period of untenantability, all rent shall abate in the same ratio as the portion of the Premises rendered untenantable
bears to the whole of the Premises; provided that if the damage is due to the fault or neglect of Lessee, there shall be no abatement
of rent.


 


If any part of the Premises or the Building
in which the Premises are located shall be damaged or destroyed by an uninsured casualty, Lessor shall have the option either (a) to
repair or rebuild within a reasonable time, or (b) not to repair or rebuild, and to cancel this Lease on thirty (30) days’ prior
written notice. In the event of cancellation by Lessor as a result of an uninsured casualty, Lessee shall have the right, in its sole
and absolute discretion, within five (5) days following Lessor’s notice of cancellation, to override such cancellation by agreeing
to repair the damage at Lessee’s sole cost and expense. In such event, the Lessee shall repair or rebuild within a reasonable time
following the damage or destruction.


 


		20.	Eminent Domain. If the whole
                                            of the Premises shall be taken by any public authority under the power of eminent domain,
                                            or purchased by the condemnor in lieu thereof, then the term of this Lease shall cease as
                                            of the date possession is taken by such public authority. If only part of the Premises shall
                                            be so taken, the Lease shall terminate only as to the portion taken, and shall continue in
                                            full force and effect as to the remainder of said Premises, and the monthly rent shall be
                                            reduced proportionately; provided, however, if the remainder of the Premises cannot be made
                                            tenantable for the purposes for which Lessee has been using the Premises or if more than
                                            twenty-five percent (25%) of the rentable square footage of the Premises shall be so taken,
                                            then either party, by written notice to the other, given at least thirty (30) days prior
                                            to the date that possession must be surrendered to the public authority, may terminate this
                                            Lease effective as of such surrender of possession. If any part of the building other than
                                            the Premises shall be so taken so as to render in Lessor's opinion the termination of this
                                            Lease beneficial to the remaining portion of the building, Lessor shall have the right within
                                            sixty (60) days of said taking to terminate this Lease upon thirty (30) days written notice
                                            to Lessee. In the event of any taking, whether whole or partial, Lessor shall be entitled
                                            to all awards, settlements, or compensation which may be given for the land and buildings.
                                            Lessee shall have no claim against Lessor for the value of any unexpired term of this Lease.
                                            Lessee shall have the right to seek an independent and separate award from the condemning
                                            authority so long as such award does not diminish the amount of the award payable to Lessor.



 


		21.	Insolvency. If Lessee shall
                                            be declared insolvent or bankrupt, or if Lessee's leasehold interest herein shall be levied
                                            upon or seized under writ of any court of law, or if a trustee, receiver or assignee be appointed
                                            for the property of Lessee, whether under operation of State or Federal statutes, then, to
                                            the extent permitted by law, Lessor may, at its option, immediately, without notice (notice
                                            being expressly waived), terminate this Lease and take possession of said Premises.



 









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		22.	Default and Re-Entry. If Lessee
                                            fails to pay rent or other charges provided for herein within three (3) days after receipt
                                            of written notice thereof or if Lessee fails to observe or perform any covenant or condition
                                            of this Lease, other than the making of payments, where such failure shall continue for a
                                            period of thirty (30) days after written notice from Lessor or such additional time as is
                                            reasonably needed to cure the default, provided that, Lessee shall diligently and continuously
                                            pursue the cure, then Lessor may, at its option, without further notice or demand:



 


		A.	Cure such breach for the account and at
                                            the expense of Lessee (including entry upon the Premises to make repairs on behalf of the
                                            Lessee where Lessee has failed to make such repairs as required under this Lease) and such
                                            expense shall be deemed additional rent due on the first of the following month; or



 


		B.	Re-enter the Premises, remove all persons therefrom, take possession of the Premises and remove all personal property therein at Lessee's risk and expense and (1) terminate this Lease, or (2) without terminating the Lease or in any way affecting the rights and remedies of Lessor or the obligations of Lessee, make an honest and reasonable effort to re-let the whole or any part of the Premises for Lessee’s account upon such terms and conditions as Lessor may deem advisable. In either event, any moneys received from Lessee and any deposit or other amounts held by Lessor may first be applied by Lessor to any damages suffered by Lessor as a result of such default, including without limitation, costs and expenses incurred on re-entry and re-letting, any unamortized Lessee improvements and commissions, cleaning, necessary repairs, restoration and alteration, and any commissions incurred on re-letting, and the balance of such amounts may be applied toward payment of other sums due to Lessor hereunder. In the event the Premises are re-let for Lessee's account, Lessee shall pay to Lessor monthly any deficiency; however, Lessor shall not be required to pay any excess to Lessee. Upon termination of this Lease or of Lessee’s right to possession, Lessor reserves and has the right to recover damages arising from the breach of the Lease from Lessee including, but not limited to: (1) The worth of the unpaid rent and other charges provided for herein that had been earned at the time of such termination; (2) The worth of the amount of the unpaid rent and other charges provided for herein that would have been earned for the balance of the term of this Lease after the date of such termination; and (3) Any other amount, including court, attorney and collection costs, necessary to compensate Lessor. “The Worth,” as used in Section (1) is to be calculated allowing interest at 18% per year (or, if applicable, at such lower rate as may represent the highest legal limit allowed in the State of Washington). “The worth” as used for Section (2) is to be computed by discounting the amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of termination. The above remedies of Lessor are cumulative and in addition to any other remedies now or hereafter allowed by law or esewhere provided for in this Lease.

                                                                                




		C.	Lessor
                                            shall not be liable for damages by reason of the re-entry described in paragraph B, above.



 


		23.	Removal of Property. Any property
                                            of Lessee removed by Lessor in accordance with Section 22 above may be stored, sold, or disposed
                                            of by Lessor without any additional notice to Lessee at the sole risk and expense of Lessee
                                            and without any further responsibility of Lessor. Proceeds therefrom may be applied by Lessor
                                            upon any indebtedness due from Lessee to Lessor. Lessee waives all claims for damages that
                                            may be caused by Lessor re-entering the Premises and removing or disposing of said property
                                            as herein provided.



 









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		24.	Costs and Attorneys’ Fees.
                                            In the event either party shall commence legal action to enforce any provision of this Lease,
                                            the court shall award to the prevailing party all reasonable attorneys' fees and all costs
                                            incurred in connection therewith, including fees and costs on appeal. Any action relating
                                            to this Lease shall be brought in the County in which the Premises are located or, at Lessor's
                                            election, in King County, Washington.



 


		25.	Subrogation Waiver. Lessor and
                                            Lessee each herewith and hereby release and relieve the other and waive its entire right
                                            of recovery against the other for loss or damage arising out of or incident to the perils
                                            of fire, explosion or any other perils described in the "all risk" insurance and
                                            the events covered under the property insurance coverages required under this Lease, whether
                                            due to the negligence of either party, their agents, employees or otherwise. Each party shall
                                            obtain from its respective insurer under each insurance policy that it maintains a waiver
                                            of all rights of subrogation, which the insurer may have against the other party for claims
                                            that are released under this Section 25.



 


		26.	Holding Over. Unless otherwise
                                            agreed to by Lessor, if Lessee, with the express consent of Lessor, shall hold over after
                                            the expiration of the Lease Term, Lessee shall remain bound by all the covenants and agreements
                                            herein, except that (a) the tenancy shall be from month-to-month and (b) the monthly Base
                                            Rent to be paid by Lessee shall be determined by multiplying the monthly Base Rent in effect
                                            immediately preceding such expiration times 150%. If Lessee holds possession of the Premises
                                            after the expiration of the Lease Term without the express written consent of Lessor, Lessee
                                            shall remain bound by all the covenants and agreements herein, except that (a) the tenancy
                                            shall be from month-to-month and (b) the monthly Base Rent to be paid by Lessee shall be
                                            twice the monthly rent in effect immediately preceding such expiration. Any such tenancy
                                            may be terminated with twenty (20) days prior notice as provided by Washington State law.



 


In the event of any unauthorized holding
over, Lessee shall also indemnify and hold Lessor harmless from and against all liability, losses, claims, causes of action, damages,
costs and expenses (including without limitation attorney fees) resulting from Lessee’s failure to surrender the Premises, including
without limitation claims made by succeeding lessees resulting from Lessee’s failure to surrender the Premises.


 


Lessee’s obligations under this Section
26 shall survive the expiration or termination of this Lease.


 


		27.	Subordination and Attornment; Mortgage
                                            Protection.



 


		A.	Subordination-Notice to Mortgagee.
                                            At the request of Lessor, Lessee shall promptly execute, acknowledge and deliver, all instruments
                                            which may be required to subordinate this Lease to any existing or future mortgages, deeds
                                            of trust and/or other security documents on or encumbering the Premises or on the leasehold
                                            interest held by Lessor, and to any extensions, renewals, or replacements thereof, provided
                                            that Lessee shall have the right to request that any holder or beneficiary of any mortgage,
                                            deed of trust, ground lease, vendor’s lien or similar instrument execute a non-disturbance
                                            agreement in favor of Lessee on the commercially reasonable standard form utilized by such
                                            lender or ground 



 






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			lessor
(subject to Lessee’s reasonable comments), and Lessor shall obtain such executed non-disturbance agreement if so requested by Lessee
as a condition to Lessee’s subordination to any such party.



 







		B.	Lessee’s Certificate. Either
                                            party shall, at any time and from time to time, within five (5) business days after written
                                            notice from the other party execute, acknowledge and deliver to Lessor a statement in writing
                                            (a) certifying that this Lease is unmodified and in full force and effect (or, if modified,
                                            stating the nature of such modification and certifying that this Lease as so modified is
                                            in full force and effect), and the date to which the rental and other charges are paid in
                                            advance, if any; and (b) acknowledging that there are not, to such party's knowledge, any
                                            uncured defaults on the part of the Lessor or Lessee hereunder, or specifying such defaults
                                            if any are claimed; and (c) setting forth the date of commencement of rents and expiration
                                            of the Lease Term hereof; and, (d) such other information as such party shall reasonably
                                            require. Any prospective purchaser, lender, assignee, sublease, or encumbrancer of all or
                                            any portion of the Premises of which the Premises are a part or any affiliate of either party
                                            may rely upon any such statement.



 


		C.	Mortgagee Protection Clause. Lessee
                                            agrees to use reasonable efforts to notify any mortgagee and/or trust deed holders, by registered
                                            mail, with a copy of any notice of default served upon the Lessor, provided that prior to
                                            such notice Lessee has been notified in writing (by way of Notice of Assignment of Rents
                                            and Lease, or otherwise) of the addresses of such mortgagees and/or trust deed holders. Lessee
                                            further agrees that if Lessor shall have failed to cure such default, then the mortgagees
                                            and/or trust deed holders have thirty (30) days within which to cure such default or if such
                                            default cannot be cured within that time, then such additional times as may be necessary
                                            if within such thirty (30) days any mortgagee and/or trust deed holder has commenced and
                                            is diligently pursuing the remedies necessary to cure such default (including but not limited
                                            to commencement of foreclosure proceedings if necessary to affect such cure), in which event
                                            this Lease shall not be terminated if such remedies are being so diligently pursued.



 


		28.	Surrender of Possession. Lessee
                                            shall, prior to the termination of this Lease or of Lessee's right to possession, remove
                                            from the Premises all personal property which Lessee is entitled to remove and those alterations,
                                            additions, improvements (excepting the Landlord Build or any subsequent alterations or improvements
                                            that Lessor consented to without explicitly requiring removal thereof) or signs which may
                                            be required by Lessor to be removed, including, at Lessor’s request, cabling, pursuant
                                            to Sections 12 and 14 above, and shall repair or pay for all damage to the Premises caused
                                            by such removal. All such property remaining and every interest of Lessee in the same shall
                                            be conclusively presumed to have been conveyed by Lessee to Lessor under this Lease as a
                                            bill of sale, without compensation, allowance, or credit to Lessee. Lessee shall upon termination
                                            of this Lease or of Lessee's right of possession, deliver all keys to Lessor and peacefully
                                            quit and surrender the Premises without notice, neat and clean, and in as good condition
                                            as when Lessee took possession, except for reasonable wear and tear as determined by Lessor
                                            and with all components and systems in good working order and repair.



 


		29.	Late Payment and Interest. If
                                            any amount due from Lessee is not received in the office of Lessor on or before the third
                                            (3rd) business day after the date upon which such amount is due and payable, a late charge
                                            of five percent (5%) of said amount shall become immediately due and payable, which late
                                            charge Lessor and Lessee agree represents a fair and reasonable estimate of the processing
                                            and accounting costs that Lessor will incur by reason of such late payment. All 



 






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			past due amounts owing to Lessor under this Lease,
including rent, shall be assessed interest at an annual percentage rate of twelve percent (12%) from the third (3rd) business day after
the date due until paid. Notwithstanding the foregoing, Lessor shall waive such late charge once per calendar year provided that Lessee
timely pays such amount owed within three (3) business days after receiving Lessor’s written notice.






 


		30.	Notice. Any notice, communication
                                            or remittance required or permitted by this Lease by either party to the other shall be deemed
                                            given, served or delivered, in writing, delivered personally or by courier or by telephonic
                                            facsimile transmission with automatic confirmation, addressed to the Lessor at the address
                                            specified for the payment of rent under Paragraph 3 of this Lease or to Lessee at the Premises
                                            or to such other address as either party may designate to the other in writing from time
                                            to time.



 


		31.	No Waiver of Covenants. Time
                                            is of the essence of this Lease. Any waiver by either party of any breach hereof by the other
                                            shall not be considered a waiver of any future similar or other breach.



 


		32.	Entire Agreement. It is expressly
                                            understood and agreed by Lessor and Lessee that there are no promises, agreements, conditions,
                                            understandings, inducements, warranties, or representations, oral or written, express or
                                            implied, between them, other than as herein set forth and that this Lease shall not be modified
                                            in any manner except by an instrument in writing executed by the parties.



 


		33.	Binding on Heirs, Successors and Assigns.
                                            The covenants and agreements of this Lease shall be binding upon the heirs, executors, administrators,
                                            successors and assigns of both parties hereto, except as hereinabove provided.



 


		34.	Lessor’s Assignment. It
                                            is fully understood that Lessor shall have the full right to assign this Lease, without any
                                            notice to Lessee, thereby relieving Lessor from all and any liabilities; provided however,
                                            that the assignee assumes all Lessor’s responsibilities as set forth in this Lease.



 


35.Environmental. See Rider One
attached and incorporated into this Lease by this reference.


 


36.       Brokers;
Agency Disclosure; Brokerage Relationships.


 


		A.	Payment
                                            of Brokers. Lessor shall pay the commissions due those real estate brokers or agents
                                            named below. Lessee agrees to indemnify and hold Lessor
                                            harmless from all liabilities and claims for brokerage commissions or finder's fees growing
                                            out of agreements which Lessee has made with brokers or finders, other than the market standard
                                            commission which Lessor has agreed to pay to Lessor’s broker, Broderick Group, Inc.
                                            per separate agreement.



 


		B.	Agency Disclosure. At the signing
                                            of this Lease, the Lessor’s agents, Paul Jerue, Tyler Slone and Eric Meussner, of Broderick
                                            Group Inc., represented Lessor (the “Lessor’s Agents”).
                                            Lessee’s Leasing Agents are Eric Lonergan and Brian Kelly of Savills Inc. (the “Lessee’s
                                            Agents”). Each party signing this document confirms that the prior oral and/or written
                                            disclosure of agency was provided to him/her in this transaction. (As required by WAC 308-124D-040).



 



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		37.	Force Majeure. Lessor nor Lessee
                                            shall have liability to the other party on account of the following acts of “force
                                            majeure,” which shall include (a) the inability to fulfill, or delay in fulfilling,
                                            any obligations (excepting Lessee’s monetary obligations) under this Lease by reason
                                            of strike, lockout, other labor trouble, dispute or disturbance; (b) governmental regulation,
                                            moratorium, action, inaction, preemption or priorities or other controls, including delays
                                            in receipt of permits; (c) shortages of fuel, supplies or labor; (d) any failure or defect
                                            in the supply, quantity or character of electricity or water furnished to the Premises by
                                            reason of any requirement, act or omission of the public utility or others furnishing the
                                            Building with electricity or water; or (e) for any other reason, whether similar or dissimilar
                                            to the above, or for act of God, beyond Lessor’s or Lessee’s reasonable control.
                                            If this Lease specifies a time period for performance of an obligation, that time period
                                            shall be extended by the period of any delay in Lessor’s performance caused by any
                                            of the events of force majeure described herein.



 


		38.	Limitation of Liability. The
                                            recourse of Lessee to recover any claim against Lessor arising under this Lease shall be
                                            limited to Lessor’s interest in the Building and to the rents, issues and profits from
                                            the Building. Lessee waives any and all recourse for any such liability against Lessor’s
                                            members, partners, shareholders, trustees or beneficiaries, or any property or assets of
                                            Lessor other than the Building.



 


		40.	Governing Law. This Lease shall be
                                            interpreted under the laws of the State of Washington without regard to principles of conflicts
                                            of law.



 


		41.	Counterparts.
                                            This Lease may be executed in one or more counterparts,
                                            all of which shall be considered one and the same agreement, and shall become a binding agreement
                                            when one or more counterparts have been signed and delivered to each of the parties.



 


		42.	Exhibits. The following exhibits
                                            or riders are made a part of this Lease and are incorporated herein by reference:



 


Rider One - Environmental


Exhibit A – Legal
Description of the Land and Building Site Plan


Exhibit B - Rules and
Regulations


Exhibit C – Floor
Plan of Premises


Exhibit D – Work Letter





 



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IN WITNESS WHEREOF, this Lease has been
executed by the parties as of the Effective Date.


 


	Lessor:	Lessee:
	 	 
	REdmond East Office PArk, llc	MICROVISION,
    INC.
	 	 
	
    /s/ PAT WILEY

    (SIGNATURE)
	
    /s/ SUMIT SHARMA

    (SIGNATURE)

	 	 
	
    By: Pat Wiley

    (PLEASE PRINT)
	
    By: Sumit Sharma

    (PLEASE PRINT)

	 	 
	Its:  Manager	Its:  CEO
	 	 
	Date:  September 24, 2021	Date:  September 23, 2021
	 	 


 




 


 


 


 



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