Document:

Exhibit 10.24

 EXHIBIT 10.24 
 This Agreement is effective as of March 11, 2009 by and between Intellon Corporation (“Sponsor”) and the HomePlug Powerline Alliance, Inc. (“Alliance”). 
 Background 
  

	A.	The Sponsors wish to define, establish and support one or more system specifications that may be used for home networking over powerlines and other types of powerline
communications. 

  

	B.	The Sponsors wish to encourage broad and open industry adoption of the specification(s) and, toward that end, to facilitate the provision of necessary patent licenses under
reasonable terms and conditions that are demonstrably free of any unfair discrimination. 

  

	C.	The Sponsors wish to support market awareness of the specification(s) and encourage use of products based upon the specification(s). 

  

	D.	The Sponsors wish to develop policies and procedures for certification and compliance testing of products based upon the specification(s) to verify compliance with the
specification(s) and to develop and license certification marks. 

  

	E.	The Sponsors also wish to provide for the possibility of issuing revisions and updates to the specification(s). 

 Agreement 
 1.
Definitions. 
 1.1 “Associates” shall mean collectively all such entities as are
signatories to any Alliance Associate’s Agreement and are in good standing with the Alliance. The Alliance Board of Directors, in its sole and absolute discretion, may establish one or more classes of Associates, each such class having the
rights and responsibilities delineated in its respective Associate’s Agreement. There are currently contemplated to be two broad classes of Associates: the first class having the right to make Technical and Reference Contributions, be involved
in the Specification Adoption process (and thereby subject to all patent licensing obligations relating thereto), and be able to receive a license to the Necessary Patent Claims for a Final Specification (any such Associate shall be referred to
herein as a “Participant Associate”); the second class shall not have the right to make Technical and Reference Contributions or be involved in the Specification Adoption process, but shall be able to receive a license to the Necessary
Patent Claims for a Final Specification (any such Associate shall be referred to herein as an “Adopter Associate”). The Alliance Board of Directors expressly reserves the right to change the names of such classes of Associates, and the
titles “Participant Associate” and “Adopter Associate” are used herein solely for ease of reference. 
 1.2 “Confidential Information” is defined in Section 6.1. 
 1.3 “Control” shall mean
beneficial ownership of more than fifty percent (50%) of the voting stock or equity in an entity; an “Affiliate” shall mean an entity that directly or indirectly Controls, is Controlled by, or is under common Control with another
entity, so long as such Control exists. When the term “Sponsor” is used in reference to the signatory to this Agreement, “Sponsor” shall include the signatory and all of the signatory’s Affiliates. 
 1.4 “Draft Reference Document(s)” shall mean a Reference Document in draft form, as provided in Section 2.7. The content of
Draft Reference Documents is not under any circumstances subject to the patent licensing provisions of Section 3. 
  

	 	(a)	“Draft Specification” shall mean technical document(s) embodying the technical protocols and system architectures related to networking or communicating over wiring which
are in draft form and have been approved by the Board of Directors pursuant to Section 2.2. 

 1.5 “Encumbered Necessary Patent Claims” shall mean Necessary Patent Claims
that will require Sponsor to pay royalties or other consideration to non-Affiliates that are not also Sponsors or Participant Associates (except for payments to employees within the scope of their employment). 
 1.6 “Filing Date Cutoff” shall mean: (a) January 1, 2005 with respect to Final Specifications adopted prior to
July 1, 2003; and (b) January 1, 2010 with respect to Final Specifications adopted on or after July 1, 2003. 
 1.7 “Final Specification” shall mean a Pending Specification which has been finally adopted by the Alliance pursuant to Section 2.5. 
 1.8 “Fully Compliant” shall mean: (a) an implementation of the Final Specification which supports or implements all of the
portions of the Final Specification defined by the Final Specification as being “Required”; or (b) an implementation of all portions of the Final Specification required for a specific type of product or component thereof. 

1.9 “Majority Vote” shall mean, when used in the context of a vote of the Alliance Board of Directors, a majority of a quorum
of the Board. “Majority Vote” shall mean, when used in the context of a vote of the Alliance Sponsors, a majority of the total number of Sponsors, not merely a majority of a quorum of the Sponsors. 
 1.10 “Necessary Patent Claims” shall mean those claims of all patents, other than design patents and design registrations,
throughout the world entitled to an effective filing date prior to the Filing Date Cutoff, which are necessarily infringed by: (i) an implementation of a Final Specification which cannot be avoided by another commercially reasonable
non-infringing implementation of such Final Specification; or (ii) an implementation of any example included in the Final Specification. 
 1.11 “Pending Specification” shall mean a Draft Specification which has been approved by the Sponsors pursuant to Section 2.4. 
 1.12 “Reference Contribution(s)” shall mean any technical information that is conspicuously marked “REFERENCE CONTRIBUTION:
NOT SUBMITTED UNDER OBLIGATION TO LICENSE” and submitted to the Alliance for possible inclusion in Reference Document(s), pursuant to the procedure established from time to time by the Alliance Board of Directors. The content of Reference
Contributions is not under any circumstances subject to the patent licensing provisions of Section 3. 
 1.13
“Reference Document(s)” shall mean a document approved by the Alliance pursuant to Section 2.7 that contains technical information that is conspicuously marked “FOR REFERENCE PURPOSES ONLY” and is included as an addendum to,
or otherwise referenced in, Final Specification(s); however any such “Reference Document(s)” will not be considered to be part of such Final Specification(s). The content of Reference Documents is not under any circumstances subject to the
patent licensing provisions of Section 3. 
 1.14 “Review Period” shall mean the period that each Sponsor has
to review and object to the inclusion of its Necessary Patent Claims in a Draft Specification. The “Review Period” shall commence on the date that the Draft Specification is formally sent to all Sponsors and Participant Associates
requesting their review of the Draft Specification for Necessary Patent Claims. Prior to December 31, 2005 the “Review Period” shall be 21 days, and commencing on January 1, 2006 the “Review Period” shall be 45 days.

 1.15 “Sponsors” shall mean collectively all such entities as are signatories to the Alliance Sponsor’s
Agreement and are in good standing with the Alliance. A Sponsor shall be considered to have departed and have had its Sponsor status terminated upon its withdrawal, change to Associate status, termination of status because of failure to pay dues,
expulsion, dissolution, or upon other conditions specified in this Agreement or the Alliance Bylaws. 
 1.16
“Sponsor’s Alliance Representative” shall mean any person who: (a) is a member or alternate of the Board of Directors or a Specification Working Group; or (b) has attended any meeting of the Board of Directors or a
Specification Working Group (whether in-person or via teleconference); or (c) has subscribed to the Board of Directors or a Specification Working Group email list reflector. 

 1.17 “Technical Contribution(s)” shall mean technical information submitted to
the Alliance for possible inclusion in Final Specification(s), pursuant to the procedure established from time to time by the Alliance Board of Directors. 
 2. Specification and Reference Document Adoption Procedures. The following procedures shall govern the adoption of Final Specifications and Reference Documents: 
 2.1 Submission of Contributions. Technical Contributions and Reference Contributions may be submitted pursuant to procedures
established from time to time by the Alliance Board of Directors. 
 2.2 Preparation of Draft Specification. Draft
Specifications shall be prepared based upon Technical Contributions and such other matters desirable for inclusion. The Sponsors and Participant Associates shall use reasonable efforts to expedite the preparation of Draft Specifications, including
any revisions or changes to such Draft Specifications. Upon a Majority Vote of the Board of Directors, a document may be designated as a “Draft Specification”. Draft Specifications (along with any Technical Contributions relating thereto)
shall be considered “Confidential Information” pursuant to Section 6.1. 
 2.3 Draft Specification
Review. The Board of Directors, by Majority Vote, may propose that a Draft Specification be formally submitted to the Sponsors and Participant Associates for review of Necessary Patent Claims. During such Review Period, each Sponsor and/or
Participant Associate that objects to the inclusion of any of its Necessary Patent Claims, or any other matters, shall be required to provide a written statement describing with particularity any portion of the Draft Specification which it finds
objectionable, the specific reasons therefore, and any revisions to the Draft Specification which would cure such objections during the term of the Review Period. In the event that a Sponsor fails to make any objections to the Draft Specification
during the Review Period, such Sponsor will be required to license any of its Necessary Patent Claims in the Draft Specification pursuant to the provisions of Section 3.1 in the event that the Draft Specification is adopted as a Final
Specification unless such Sponsor withdraws pursuant to Section 2.5.1. 
 2.4 Specification Voting. Upon the
conclusion of the Review Period, each Sponsor shall have fourteen (14) days to vote upon whether the Alliance should adopt the Draft Specification as a Final Specification. Any Draft Specification must be approved by a two-thirds
(2/3) Majority Vote of the Sponsors, at which point it will become a “Pending Specification”. In the event that a Draft Specification fails to obtain the two-thirds (2/3) Majority Vote required, it may be resubmitted pursuant to
Section 2.6. 
 2.5 Finalization Period; Pending Specification Withdrawal. 
 2.5.1 14 Day Withdrawal Period. Any Sponsor that voted against the approval of the Draft Specification as a Pending Specification
may withdraw from the Alliance within fourteen (14) days from the date on which two-thirds (2/3) of the Sponsors voted to approve the Pending Specification (“14 Day Withdrawal Period”). In lieu of a complete withdrawal, a Sponsor
may withdraw as a Sponsor but remain an Adopter Associate of the Alliance; such change in status will constitute “withdrawal” of the Sponsor for purposes of this Agreement provided that the Sponsor complies with all other withdrawal
provisions. Any withdrawal of the Sponsor must comply with Section 3.3.2, and any such withdrawing Sponsor shall only be required to grant licenses to any of its Necessary Patent Claims pursuant to Section 3.4. For the avoidance of doubt,
no Sponsor that voted for the Pending Specification, failed to vote on the Pending Specification during the time period allowed, or voted against the Pending Specification but failed to submit a written withdrawal notice in compliance with
Section 3.3.2, shall be considered to have withdrawn under this Section and shall therefore be subject to all patent licensing provisions of Section 3. Upon the passing of the 14 Day Withdrawal Period for each Sponsor, and assuming that no
Sponsor issues a withdrawal notice under this Section 2.5.1, then the Pending Specification shall become a Final Specification. 
 2.5.2 Withdrawal of Pending Specification. In the event that a Sponsor withdraws from the Alliance pursuant to Section 2.5.1, the Sponsors may determine by a two-thirds (2/3) Majority Vote: (a) to withdraw the Pending
Specification on the ground that the withdrawal of the Sponsor will frustrate the purpose of the adoption of the Pending Specification due to the removal of licensing rights to Necessary Patent Claims held by such withdrawing Sponsor; (b) to
issue the Pending Specification 

 
as a Final Specification notwithstanding the withdrawal of any Sponsor; or (c) to resubmit the Pending Specification to the Sponsors and Participant
Associates for review pursuant to Section 2.3, in which event the Pending Specification shall again become a Draft Specification subject to the procedures delineated in Sections 2.3, 2.4 and 2.5. 
 2.6 Updates, Revisions or Resubmissions. In the event that a Final Specification is modified or revised, any such modification or
revision shall be considered a newly created Draft Specification and subject to all procedures relating thereto, including without limitation the Review Period and Sponsor voting requirements. Similarly, in the event that a Pending Specification is
withdrawn for any reason, or a Draft Specification fails to achieve a sufficient vote to become a Pending Specification, such withdrawn Pending Specification or failed Draft Specification may be resubmitted with or without revision as a newly
created Draft Specification, subject to all procedures relating thereto. Any such resubmission will occur only upon a Majority Vote of the Board of Directors. 
 2.7 Reference Document Approval. Reference Documents shall be prepared based upon Reference Contributions and such other documents
desirable for inclusion. The Sponsors and Participant Associates shall use reasonable efforts to expedite the preparation of Reference Documents, including any revisions or changes to such Reference Documents. Upon a Majority Vote of the Board of
Directors, a document may be designated as a “Draft Reference Document”. “Draft Reference Documents” (along with any Reference Contributions relating thereto) shall be considered “Confidential Information” pursuant to
Section 6.1. A Draft Reference Document may be approved as a “Reference Document” upon a two-thirds (2/3) Majority Vote of the Sponsors. 
 2.8 Effect on Previously Adopted Final Specifications. The adoption of a new Final Specification shall not change or revoke any
previously adopted Final Specification. 
 2.9 No Requirement to Conduct Patent Searches. No Sponsor or Participant
Associate shall have any duty to perform any patent search before, during or after the Review Period, or at any other time pursuant to this Agreement. 
 3. Patent Matters. 
 3.1 Patent Licensing. 
 3.1.1 Grant of License. Upon the adoption of a Final Specification, Sponsor hereby covenants to grant to any Sponsor, Participant
Associate, or Adopter Associate, under reasonable terms and conditions that are demonstrably free of any unfair discrimination, a nonexclusive, irrevocable, nontransferable, non-sublicenseable, worldwide license to implement the Final Specification
and to make, have made, use, import, offer to sell, lease, sell, promote and otherwise distribute the resulting implementation (whether implemented in hardware, software, or some combination of hardware and software) pursuant to the scope of license
delineated in Section 3.1.2 and subject to the exclusions delineated in Section 3.1.3 and the limitations embodied in Section 3.1.4, under: (a) any Necessary Patent Claims contained in any Technical Contribution it has submitted
to the Alliance, or (b) any Necessary Patent Claims which are owned by Sponsor and are embodied in a Final Specification. For purposes of clarification, any Necessary Patent Claims owned by Sponsor are subject to the covenant to grant a
license, and Sponsor may not later transfer and/or encumber the Necessary Patent Claims and thereby circumvent its obligation to grant a license to such Necessary Patent Claims. 
 3.1.2 Scope of License. Sponsor shall only be required to grant the license to Necessary Patent Claims pursuant to the following
scope: (a) in the event that the Final Specification was adopted prior to July 1, 2003, then the scope of the license shall be only to the extent that the resulting implementation is used for the purposes of home networking over the
powerline; (b) in the event that the Final Specification was adopted after July 1, 2003, then the scope of the license shall be unlimited. For purposes of clarity, the scope of license for Necessary Patent Claims which are contained both
in a Final Specification adopted prior to July 1, 2003 and a Final Specification adopted after July 1, 2003 shall be unlimited, regardless of whether Sponsor departs from the Alliance prior to the adoption of any Final Specification
adopted after July 1, 2003. 

 3.1.3 Exclusions from License. The covenant to grant a license to any Necessary
Patent Claims shall not extend to any of the following enumerated categories: (i) enabling technology that may be needed to make or use any product that complies with the Final Specification but is not expressly set forth in the Final
Specification (for example, application programming interfaces, basic computer and network technology, semiconductor manufacturing technology, compiler technology, object-oriented technology and operating system technology);
(ii) implementations for technical specifications not developed by the Alliance but referred to or incorporated in the Final Specification(s); (iii) any technological implementation of the Final Specification that is not Fully Compliant;
(iv) any technology or features that are not necessary to implement the Final Specification(s); and (v) technology embodied in any Reference Documents (but not included in any Final Specifications). 
 3.1.4 Limitations on License. The covenant to grant a license shall not extend to any Encumbered Necessary Patent Claims in the
event that Sponsor satisfies the conditions specified in one or more of Sections 3.1.4(a), 3.1.4(b), or 3.1.4(c): 
  

	 	(a)	Sponsor discloses to the Alliance, to the best of its actual knowledge, the existence and extent of the Encumbered Necessary Patent Claims at the time of submission of a Technical
Contribution which contains such Encumbered Necessary Patent Claims. 

  

	 	(b)	In the event that a Technical Contribution submitted by Sponsor contains Encumbered Necessary Patent Claims, but Sponsor did not disclose the existence and extent of such Encumbered
Necessary Patent Claims as Sponsor was not aware of the existence of such limitations, Sponsor promptly informs the Alliance with specificity of the existence and extent of such Encumbered Necessary Patent Claims. In no event shall such disclosure
be made later than upon the expiration of the 14 Day Withdrawal Period. 

  

	 	(c)	In the event that Sponsor, subsequent to the expiration of the 14 Day Withdrawal Period, becomes aware that Encumbered Necessary Patent Claims are embodied in a Technical
Contribution submitted by Sponsor, Sponsor promptly informs the Alliance with specificity of any and all such limitations on licensing rights, and uses commercially reasonable efforts to assist any Sponsor, Participant Associate, or Adopter
Associate to obtain a license to the Encumbered Necessary Patent Claims to the extent that such limitations on licensing obligations exist. As used in this Section 3.1.4(c), “commercially reasonable efforts” shall not include a
requirement that Sponsor make un-reimbursed payments to third parties. 

 Notwithstanding any other provisions of Section 3.1.4, in the
event that the limitations on licensing rights which caused the Necessary Patent Claims to become Encumbered Necessary Patent Claims did not arise in a reasonably foreseeable manner, Sponsor shall not be required to make any efforts to assist any
Sponsor, Participant Associate, or Adopter Associate to obtain a license to the Encumbered Necessary Patent Claims to the extent that such limitations on licensing obligations exist. Sponsor is under no obligation to conduct any patent search in
order to be able to rely upon this Section 3.1.4. 
 3.2 Limitations on Injunctions in Infringement Actions.
Sponsor hereby agrees not to seek an injunction and hereby waives its rights to an injunction with respect to infringement of its Necessary Patent Claims, pursuant to the following terms and conditions: 
 3.2.1 Final Specifications Adopted Prior to July 1, 2003. With respect to Necessary Patent Claims which would be infringed by
the implementation of Final Specifications adopted prior to July 1, 2003, Sponsor hereby agrees not to seek an injunction and hereby waives its rights to an injunction with respect to infringement of its Necessary Patent Claims by products or
services that are substantially Fully Compliant with the Final Specification, against any person entitled to the grant of a license to such Sponsor’s Necessary Patent Claims. Such waiver of injunctive relief shall not prohibit Sponsor from
seeking or receiving damages, including enhanced damages for willful infringement, from any person. 
 3.2.2 Final
Specifications Adopted On or After July 1, 2003. With respect to Necessary Patent Claims which would be infringed by the implementation of Final Specifications adopted on or after July 1, 2003, Sponsor hereby agrees not to seek an
injunction and hereby waives its rights to an 

 
injunction with respect to infringement of its Necessary Patent Claims by products or services that are substantially Fully Compliant with the Final
Specification, against any person that has licensed such Sponsor’s Necessary Patent Claims pursuant to the provisions of Section 3.1. Such waiver of injunctive relief shall not prohibit Sponsor from: (a) seeking or receiving damages,
including enhanced damages for willful infringement, from any person; or (b) seeking an injunction against a person that has licensed the Sponsor’s Necessary Patent Claims pursuant to Section 3.1 but is using such Necessary Patent
Claims in a manner outside the scope of license, as specifically described in Section 3.1.2, or in a manner excluded from the license, as described in Section 3.1.3. 
 3.2.3 Backwards Compatibility Necessary Patent Claims. In the event that any Necessary Patent Claims would be infringed both by the
implementation of a Final Specification adopted prior to July 1, 2003, and also by the implementation of a Final Specification adopted on or after July 1, 2003, then Section 3.2.2 will govern injunctions with respect to infringement
of such Necessary Patent Claims. 
 3.3 Termination of Sponsor’s Status in Alliance. Upon the termination of
Sponsor’s status as a Sponsor of the Alliance, whether by withdrawal, change to Associate status, termination of status because of failure to pay dues, expulsion, or otherwise: 
 3.3.1 License Grant Survival. All covenants and licenses granted by such departing Sponsor with respect to any of its Necessary
Patent Claims in a Final Specification in effect as of the date of departure shall continue in full force and effect, and shall extend to any person which later adopts such Final Specification. No covenants or licenses shall be deemed to be granted
with respect to any of such departing Sponsor’s Necessary Patent Claims to any Draft or Pending Specification except as provided in Section 3.3.2. 
 3.3.2 Notice of Withdrawal. In the event that a Sponsor withdraws (or changes to Adopter Associate status), such departing Sponsor
must identify with reasonable specificity in its written notice of withdrawal to the Alliance: (a) any Necessary Patent Claims that Sponsor’s Alliance Representative(s) are actually aware that Sponsor holds in any Technical Contribution it
has submitted to the Alliance; and (b) any Necessary Patent Claims that Sponsor’s Alliance Representative(s) are aware that the departing Sponsor is actively developing that would be infringed by a Pending Specification. Additionally, in
the event that a Sponsor is withdrawing under Section 2.5.1, such notice must identify, with reasonable specificity, any Necessary Patent Claims Sponsor’s Alliance Representative(s) are actually aware that Sponsor holds in any Pending
Specification. In the event that a withdrawing Sponsor fails to deliver to the Alliance a required notice under this Section 3.3.2, any of such Sponsor’s Necessary Patent Claims shall be subject to all the patent licensing provisions of
Section 3. 
 3.4 Future Specification Licensing. The obligations of a current or former Sponsor to comply with
its obligations under Section 3 shall continue as to any new Final Specification if such Final Specification: (i) defines a network that is backwards compatible to a prior Final Specification for which the Sponsor is obligated to grant
licenses, and (ii) uses a Necessary Patent Claim in a substantially similar manner and to a substantially similar extent as the Necessary Patent Claim was used in a prior Final Specification for which the Sponsor is obligated to grant licenses.

 3.5 Patent Ownership. The Alliance will not assert any ownership claims to any patent held or acquired by any
Sponsor. Additionally, the Alliance will not assert any ownership claims to any patents that may be developed by any Sponsors or Associates during any Alliance meetings or that may otherwise be developed pursuant to any Alliance activities.

 3.6 Patent Disclosures. Sponsor agrees to disclose to the Alliance all published and/or issued patents that
Sponsor’s Alliance Representative(s) are actually aware are embodied as Necessary Patent Claims in any Final Specification, from any country in which such published and/or issued patents are a matter of public record, within 90 days of the
later of Section 3.6(a), 3.6(b) or 3.6(c): 
  

	 	(a)	The publication or issuance of the patent(s). 

  

	 	(b)	The issuance of a Final Specification. 

  

	 	(c)	The date on which Sponsor joins the Alliance. 

 4. Copyright Matters. 
 4.1 Technical Contributions; Final Specifications. Any Technical Contribution submitted to the Alliance is licensed on a
nonexclusive basis to the Alliance and any duly authorized agents thereof solely for the limited purpose of being evaluated for inclusion in a Final Specification. In the event that the Technical Contribution submitted, or a portion or derivative
work thereof, is included in a Final Specification, the party submitting such copyrighted material hereby grants to the Alliance and all persons using the Final Specification an irrevocable, perpetual, worldwide, nonexclusive, royalty free license
for the purpose of allowing them to create, distribute, reproduce, display and otherwise use the copyrighted material in accordance with the Alliance’s policies and procedures. The party submitting the Technical Contribution shall continue to
have ownership rights in the copyright to the Technical Contribution, subject to the license granted above. The copyright to the Final Specification itself will be owned by the Alliance, and the party submitting this Technical Contribution agrees
not to assert any interest in the ownership of the copyright to the Final Specification; regardless of whether the Technical Contribution has been modified or simply included in the Final Specification without modifications. The Final Specification
shall bear a notation that the copyright is owned by the Alliance. The Sponsor agrees not to communicate to any third party that anyone other than the Alliance is the owner of the copyright to the Final Specification. 
 4.2 Reference Contributions; Reference Documents. Any Reference Contribution submitted to the Alliance is licensed on a
nonexclusive basis to the Alliance and any duly authorized agents thereof solely for the limited purpose of being evaluated for inclusion in a Reference Document. In the event that the Reference Contribution submitted, or a portion or derivative
work thereof, is included in, or used as, a Reference Document, the party submitting such Reference Contribution hereby grants to the Alliance and all persons using the copyrighted material an irrevocable, perpetual, worldwide, nonexclusive, royalty
free license for the purpose of allowing them to create, distribute, reproduce, display and otherwise use the copyrighted material in accordance with the Alliance’s policies and procedures. The party submitting the Reference Contribution shall
continue to have ownership rights in the copyright to the Reference Contribution, subject to the license granted above. The copyright to the Reference Document itself will be owned by the Alliance; however all persons which have submitted Reference
Contributions which were integrated into the Reference Document shall be acknowledged as contributors to the Reference Document. In the event that a Reference Contribution is used, completely unmodified by the Alliance, as a Reference Document, the
copyright to the Reference Document will be owned by the party that submitted such Reference Contribution. In the event that the copyright to the Reference Document is owned by the Alliance, the party submitting the Reference Contribution agrees not
to assert any interest in the ownership of the copyright to the Reference Document; in such event the Reference Document shall bear a notation that the copyright is owned by the Alliance, and the Sponsor agrees not to communicate to any third party
that anyone other than the Alliance is the owner of the copyright to the Reference Document. 
 4.3 Foreign Language
Versions of Final Specifications. The Alliance shall own all copyrights to any foreign language translations of Final Specifications (and Reference Documents in the event that the Alliance is the owner of the English language version of the
Reference Document). Sponsor agrees not to translate any Final Specification or any Reference Document where the Alliance is the owner of the English language version of the Reference Document, or publish portions of a Final Specification or such
Reference Document, into a foreign language without obtaining prior permission from the Alliance. 
 4.4 Assistance.
Sponsor agrees to perform all acts deemed necessary by the Alliance to permit and assist the Alliance in obtaining and enforcing the full benefits, enjoyment, rights and title throughout the world in any copyright interests in and to Final
Specifications (and Reference Documents to which the Alliance is entitled to copyright ownership). Such acts may include, but are not limited to, execution of documents and assistance or cooperation: (i) in the filing, prosecution,
registration, and memorialization of assignment of any applicable copyrights, (ii) in the enforcement of any applicable copyrights, and (iii) in other legal proceedings related to the copyrights. 
 4.5 Termination of Sponsor Status. The rights granted and obligations assumed by Sponsor under this Section 4 shall survive
the termination of Sponsor’s status as a Sponsor of the Alliance, whether by withdrawal, change to Associate status, termination of status because of failure to pay dues, expulsion, or otherwise. 

 5. Trademark and Certification Mark Matters. The Alliance will license
certain of its trademarks and certification marks to Sponsor and other persons on commercially reasonable, nondiscriminatory terms and conditions approved from time to time by the Board of Directors of the Alliance. Sponsor agrees and acknowledges
that it will not use any Alliance trademark or certification mark other than as expressly permitted by a written trademark or certification mark license agreement entered into between Sponsor and the Alliance. 
 6. Confidentiality. 
 6.1 Confidential Information. Sponsor will maintain in confidence all of the following categories of information (each of which shall be considered “Confidential Information”): 
  

	 	(a)	Technical Contributions and Reference Contributions (unless the Sponsors agree by a two-thirds (2/3) Majority Vote to release such items, and obtain the consent of the party
which submitted the Technical Contribution or Reference Contribution). 

  

	 	(b)	Draft Specifications, Pending Specifications, Final Specifications, Draft Reference Documents and Reference Documents (unless the Sponsors agree by a two-thirds (2/3) Majority
Vote to release such items). 

  

	 	(c)	Documents received from the Alliance or from another Sponsor or Participant Associate that relate to Alliance matters and are marked to connote their confidential or proprietary
nature at the time of disclosure. 

  

	 	(d)	Information relating to Alliance matters received from the Alliance or from another Sponsor or Participant Associate that: (i) consists of documents that are not marked to
denote their confidential nature; (ii) consists of orally transmitted information; or (iii) consists of information disclosed through some other medium that is not marked to denote its confidential nature. All such information must have
been identified and treated as confidential at the time of disclosure. Additionally, the sender of such information must designate such information as confidential in a Confidential Information Memorandum (in the form attached hereto as Exhibit A),
which must be sent to the recipient’s representative within thirty (30) days of disclosure, summarizing the Confidential Information sufficiently for identification. 

  

	 	(e)	Unless made public by a two-thirds (2/3) Majority Vote of the Sponsors of the Alliance, proceedings of the Board of Directors, committees, working groups, and Sponsors’
meetings of the Alliance and minutes and other records of such proceedings, whether in draft or final form. 

 Sponsor agrees
to use any such Confidential Information solely in connection with good faith participation with other Sponsors or Participant Associates in the business of the Alliance and the discussion, development, or evaluation of Technical Contributions,
Draft Specifications, Pending Specifications, Reference Contributions, Draft Reference Documents, or Reference Documents. Sponsor agrees to use at least the same degree of care with the Confidential Information that it uses to protect its own
confidential and proprietary information, but no less than a reasonable degree of care under the circumstances and will neither disclose nor copy the Confidential Information except as necessary for its employees and contractors (under obligation of
confidentiality) with a need to know for the purpose of participating in the business of the Alliance and developing a Final Specification or an implementation of a Final Specification. Any copies of Confidential Information which are made by
Sponsor must be conspicuously marked “confidential”, “proprietary”, or with a similar legend. Technical Contributions, Draft Specifications, Pending Specifications, Reference Contributions, and Draft Reference Documents may only
be released to the Sponsors and Participant Associates, except as provided in Sections 6.1(a) and (b). Unless the parties agree otherwise, this obligation of confidentiality will expire three (3) years from the date of disclosure of such
Confidential Information hereunder. 
 6.2 Limitations on Disclosure Liability. A party will not be liable for the
disclosure of any Confidential Information which is: 
  

	 	a)	rightfully in the public domain other than by the recipient’s breach of a duty; or 

  

	 	b)	rightfully received from a third party without any obligation of confidentiality; or 

	 	c)	rightfully known to the recipient without any limitation on use or disclosure prior to its receipt from the disclosing party; or 

  

	 	d)	independently developed by employees of the recipient without access to the disclosed information; or 

  

	 	e)	rightfully disclosed as required by law, provided however, that prior to disclosing such Confidential Information, the recipient subject to the order to disclose promptly notifies
the disclosing party and upon the disclosing party’s request, cooperates with the disclosing party in contesting the request to disclose; 

  

	 	f)	made public by unanimous agreement of the Sponsors; 

  

	 	g)	inherently disclosed in the marketing or sale of a product or service; or 

  

	 	h)	information contained in a Technical Contribution or Reference Contribution submitted by such party, including any such information contained in a Draft Specification, Pending
Specification, or Draft Reference Document. 

 6.3 Residuals. This Agreement and the terms of
confidentiality hereunder shall not be construed to limit Sponsor’s right to independently develop or acquire products or technology, including similar or competing products or technology, without the use of another party’s Confidential
Information. Any party shall be free to use for any purpose the residuals resulting from access to or work with the Confidential Information defined in Section 6.1, provided that such party shall maintain the confidentiality of such
Confidential Information as provided herein. The term “residuals” means information in non-tangible form, which may be inadvertently retained by persons who have had access to such Confidential Information, including ideas, concepts,
know-how or techniques contained therein. No party shall have any obligation to limit or restrict the assignment of such persons or to pay royalties for any work resulting from the use of residuals. However, the foregoing shall not be deemed to
grant to any party a license under the other party’s: (i) copyrights other than pursuant to Sections 4.1 and 4.2 of this Agreement, or otherwise as expressly granted in writing; or (ii) patents other than as expressly granted in
writing. 
 7. Sponsor Status; Termination of Sponsor Status. 
 7.1 Adherence to Alliance Policies. Sponsor shall be required to adhere to all Alliance policies and procedures, including without
limitation the Alliance Bylaws. Sponsor further understands that it will be subject to all provisions of the Bylaws, including without limitation Section 12.9 (Termination of Membership) of the Bylaws. 
 7.2 Costs and Expenses. Sponsor shall bear its own costs and expenses for its participation in the Alliance, including without
limitation compensation of its employees, and all travel and expenses associated with Sponsor’s participation in Alliance meetings and conferences, and Sponsor understands that it has no right of reimbursement, or offset of membership dues,
from the Alliance. 
 7.3 Licenses and Permits. Sponsor shall possess or obtain at its own expense all necessary
licenses or permits relating to its activities with the Alliance. 
 7.4 Termination of Sponsor Status. In the event
that Sponsor departs from the Alliance, or otherwise has its membership terminated, Sponsor’s status as a Sponsor of the Alliance shall cease, and Sponsor will not be entitled to any of the benefits of being a Sponsor of the Alliance, including
without limitation any voting or notice rights, except as otherwise expressly provided herein. In lieu of complete withdrawal from the Alliance, Sponsor may become an Associate of the Alliance, upon compliance with all procedures relating thereto
including without limitation execution of an Associate’s Agreement, at which point the departing Sponsor shall have such rights as are delineated in such Associate’s Agreement. 
 8. Sponsor’s Representations and Warranties. 
 8.1 Copyright Representations and Warranties. Sponsor hereby represents and warrants to the Alliance that: (a) it is the owner
of the copyright to any submitted Technical Contribution or Reference Contribution, except and to the extent specified in such Technical Contribution or Reference Contribution; (b) the 

 
submission of any Technical Contribution or Reference Contribution shall not, in the event that it is ultimately published in a Final Specification or
Reference Document, infringe the copyright rights of any person, except and to the extent specified in such Technical Contribution or Reference Contribution; and (c) there is currently no actual or threatened suit by any third party based on an
alleged violation of any copyright rights in any submitted Technical Contribution or Reference Document. The representations and warranties contained in this Section 8.1 are limited to the actual knowledge of the Sponsor. 
 8.2 Confidentiality Representations and Warranties. Sponsor represents and warrants that Sponsor has not intentionally transmitted
to the Alliance any information that it received under obligation of confidentiality from any third party without the express permission of such third party. Sponsor further agrees that it will not intentionally transmit to the Alliance any
information that it received under obligation of confidentiality from any third party without the express permission of such third party. Sponsor’s Alliance Representative(s) agree(s) to immediately notify the Alliance in the event that it
becomes aware that Sponsor has transmitted any information to the Alliance in violation of the confidentiality rights of any third party. 
 8.3 Indemnification. Sponsor shall defend, indemnify and hold harmless the Alliance from and against any and all third party actual or threatened claims, suits, proceedings, actions, damages, liabilities,
losses, costs and expenses, including without limitation reasonable attorneys’ fees and expenses which arise out of or as the result of third party claims brought or threatened against the Alliance and arising out of Sponsor’s intentional
breach of any of its obligations under this Agreement. Notwithstanding the foregoing, Sponsor shall under no circumstances have any obligation to indemnify any other Sponsor, Associate or other person, based upon its indemnification obligations
under this Section 8.3. 
 9. General Provisions. 
 9.1 No Other Licenses. Except for the rights expressly provided by this Agreement, Sponsor does not grant or receive, by
implication, estoppel, or otherwise, any intellectual property licensing rights. 
 9.2 Limited Effect. This Agreement
shall not be construed to waive any Sponsor’s rights under law or any other agreement except as expressly set out herein. 
 9.3 No Specification Warranty. SPONSOR ACKNOWLEDGES THAT ANY TECHNICAL CONTRIBUTIONS, DRAFT SPECIFICATIONS, PENDING SPECIFICATIONS, FINAL SPECIFICATIONS, REFERENCE CONTRIBUTIONS, DRAFT REFERENCE DOCUMENTS, AND REFERENCE DOCUMENTS ARE
PROVIDED “AS IS” AND THAT THE ALLIANCE DISCLAIMS ALL WARRANTIES OF ANY KIND, EXPRESS, IMPLIED AND STATUTORY, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF
THIRD PARTY RIGHTS AND TITLE, AND ANY WARRANTIES ARISING FROM A COURSE OF DEALING, USAGE, OR TRADE PRACTICE. IN NO EVENT WILL THE ALLIANCE BE LIABLE TO SPONSOR FOR ANY SPECIAL, INCIDENTAL, CONSEQUENTIAL, INDIRECT, PUNITIVE OR EXEMPLARY DAMAGES OF
ANY KIND, INCLUDING BUT NOT LIMITED TO ANY LOST PROFITS, REVENUE, SAVINGS, BUSINESS, DATA OR GOODWILL, HOWEVER CAUSED, WHETHER FOR BREACH OR REPUDIATION OF CONTRACT, TORT, STRICT LIABILITY, BREACH OF WARRANTY, NEGLIGENCE, OR OTHERWISE ON ANY THEORY
OF LIABILITY, WHETHER OR NOT THE ALLIANCE WAS ADVISED OF THE POSSIBILITY OF SUCH LOSS OR DAMAGES. IN NO EVENT WILL THE ALLIANCE BE LIABLE FOR THE COST OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES. THE LIMITATIONS SET FORTH ABOVE SHALL BE DEEMED TO
APPLY TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW AND NOTWITHSTANDING THE FAILURE OF THE ESSENTIAL PURPOSE OF ANY LIMITED REMEDIES. THE PARTIES ACKNOWLEDGE AND AGREE THAT THEY HAVE FULLY CONSIDERED THE FOREGOING ALLOCATION OF RISK AND FIND IT
REASONABLE, AND THAT THE FOREGOING LIMITATIONS ARE AN ESSENTIAL BASIS OF THE BARGAIN BETWEEN THE PARTIES. 
 9.4 Successors
and Assigns. Sponsor may not assign, subcontract or otherwise delegate Sponsor’s obligations under this Agreement without the Alliance’s prior written consent, such consent to be given only 

 
upon the approval of a two-thirds (2/3) Majority Vote of the Sponsors; for the purposes hereof, a merger or acquisition in which the owners of the
Sponsor collectively own less than half of the outstanding equity interests of the post-transaction entity shall be considered an assignment, such that Sponsor’s status as a Sponsor of the Alliance will continue only upon the affirmative Vote
of a two-thirds (2/3) Majority of the Sponsors. All rights of Sponsor under this Agreement shall cease upon Sponsor’s dissolution. Subject to the foregoing, this Agreement will be for the benefit of the Alliance’s successors and
assigns, and will be binding on Sponsor’s assignees. 
 9.5 Notices. Any notice required or permitted by this
Agreement shall be in writing and shall be delivered as follows, with notice deemed given as indicated: (a) by personal delivery, when delivered personally; (b) by overnight courier, upon written verification of receipt; (c) by
electronic mail, telecopy or facsimile transmission, upon acknowledgment of receipt of electronic transmission; or (d) by certified or registered mail, return receipt requested, upon verification of receipt. Notice shall be sent to such address
as either party may specify in writing. 
 9.6 Governing Law. This Agreement shall be governed in all respects by the
laws of the United States of America and by the laws of the State of California, as such laws are applied to agreements entered into and to be performed entirely within California between California residents. Each of the parties irrevocably
consents to the exclusive personal jurisdiction of, and venue in, the federal and state courts located in San Francisco, California, as applicable, for any matter arising out of or relating to this Agreement, except that in actions seeking to
enforce any order or any judgment of such federal or state courts located in California, such personal jurisdiction shall be nonexclusive. 
 9.7 Severability. If any provision of this Agreement is held by a court of law to be illegal, invalid or unenforceable, (i) that provision shall be deemed amended to achieve as nearly as possible the same
economic effect as the original provision, and (ii) the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby. 
 9.8 Waiver; Amendment; Modification. No term or provision hereof will be considered waived by the Alliance, and no breach excused
by the Alliance, unless such waiver or consent is in writing signed by the Alliance. The waiver by the Alliance of, or consent by the Alliance to, a breach of any provision of this Agreement by Sponsor, shall not operate or be construed as a waiver
of, consent to, or excuse of any other or subsequent breach by Sponsor. This Agreement may be amended or modified only by mutual agreement of authorized representatives of the parties in writing. 
 9.9 Injunctive Relief for Breach. Sponsor’s obligations under this Agreement are of a unique character that gives them
particular value; Sponsor’s breach of any of such obligations will result in irreparable and continuing damage to the Alliance for which there will be no adequate remedy at law; and, in the event of such breach, the Alliance will be entitled to
injunctive relief and/or a decree for specific performance, and such other and further relief as may be proper (including monetary damages if appropriate). 
 9.10 Publicity. Sponsor may not make any statement on behalf of the Alliance without prior approval. 
 9.11 Execution in Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and timely delivered shall be deemed an original, and such counterparts together
shall constitute one instrument. 
 9.12 No Implied Joint Venture. This Agreement does not create a joint venture,
partnership or other form of business association between or among Sponsor and any of the other Sponsors or Associates, nor does it create an obligation to develop, make available, use, license, buy or sell any information, product, services or
technology except as expressly provided herein. 
 9.13 Non-Intervention by Alliance. The Alliance cannot and will not
render any opinions as to whether any action will or will not infringe on any intellectual property rights of any party. Moreover any actions, statements or resolutions by the Alliance should not be interpreted as rendering any opinion on those
subjects. In the event that a member has a question concerning the legal consequences of any action it should seek independent legal advice. Negotiations between holders of intellectual property and potential licensees are to be left solely to the
parties concerned and are to be performed outside any Alliance 

 
functions. Under no circumstances shall Sponsor ever use any Alliance resources in the furtherance of any licensing or other private business matters.

 9.14 Survival. The definitions contained in this Agreement and the rights and obligations contained in
Sections 3 (“Patent Matters”), 4 (“Copyright Matters”), 5 (“Trademark Matters”), 6 (“Confidentiality”), 7.4 (“Termination of Sponsor Status”), and 8 (“General
Provisions”) will survive any termination or expiration of this Agreement. 
 9.15 Third Party Beneficiary Rights.
Other than Sections 3 (“Patent Matters”), 4 (“Copyright Matters”), and 6 (“Confidentiality”), no party is entitled to any rights as a third party beneficiary of this Agreement or any provisions hereof. 
 9.16 Effectiveness. This Agreement shall be effective, and shall supersede the Sponsor’s Agreement previously entered into by
Sponsor, only at such time as all Sponsors of the Alliance have executed copies of this Agreement. 
 9.17 Entire
Agreement. This Agreement constitutes the entire agreement between the parties relating to this subject matter and supersedes all prior or contemporaneous oral or written agreements concerning such subject matter, other than the letter
agreement(s) entitled: 
 Not Applicable 
 attached hereto as Exhibit B (if applicable), and such specific other agreements referred to herein. 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

  

									
	“SPONSOR”	 		 	“ALLIANCE”
			
	INTELLON CORPORATION	 		 	HOMEPLUG POWERLINE ALLIANCE, INC.
					
	By:	 	/s/    CHARLES E. HARRIS        	 		 	By:	 	/s/    ROB RANCK        
	Name:	 	Charles E. Harris	 		 	Name:	 	Rob Ranck
	Title:	 	Chairman and CEO	 		 	Title:	 	President
	Date:	 	March 11, 2009	 		 	Date:	 	11-March-2009

 EXHIBIT A 
 CONFIDENTIAL INFORMATION MEMORANDUM 
 Date: 
 To: 
 The HomePlug PowerLine Alliance Sponsors’ Agreement (“Agreement”) provides
that “Confidential Information” includes “Information relating to Alliance matters received from the Alliance or from another Sponsor or Participant Associate that: (i) consists of documents that are not marked to denote their
confidential nature; (ii) consists of orally transmitted information; or (iii) consists of information disclosed through some other medium that is not marked to denote its confidential nature. All such information must have been identified
and treated as confidential at the time of disclosure. Additionally, the sender of such information must designate such information as confidential in a Confidential Information Memorandum (in the form attached hereto as Exhibit A), which must be
sent to the recipient’s representative within thirty (30) days of disclosure, summarizing the Confidential Information sufficiently for identification.” 
 By completing and signing this form, the undersigned gives the recipient notice that the information disclosed on the following date is considered
“Confidential Information” under the Agreement and shall be kept confidential by the recipient according to its terms. 
  

			
	Date of Disclosure of Confidential Information: 	 	 

			
		
	Location: 	 	 

			
		
	Description of Confidential Information disclosed:	 	
		
	 	 	 
		
	 	 	 
		
	 	 	 

 All other terms and conditions of the Agreement shall remain in full force and effect. Nothing
contained herein shall be construed as amending or modifying the terms of the Agreement. 
  

	
	From:
	
	  
	(Sponsor’s Name)
	
	Represented by:
	
	  
	(Signature)
	
	  
	(Printed Name)
	
	  
	(Title)

 EXHIBIT B 
 LETTER AGREEMENT(S) MODIFYING TERMS OF SPONSOR’S AGREEMENT 
 (if Sponsor is not a signatory to
any such agreement this Exhibit should be marked “Not Applicable”) 
 Not ApplicableLease Agreement

 Exhibit 10.30 
 LIONBRIDGE US, INC. 
 760 WHALERS WAY, BUILDING C, SUITE 110 
 FORT COLLINS, COLORADO 
 TABLE OF
CONTENTS 
  

					
	 ARTICLE I
	  	1
			
	 1.1
	  	DESCRIPTION	  	1
	 1.2
	  	EXCEPTION AND RESERVATION	  	1
	 1.3
	  	DEFINITIONS	  	1
		
	 ARTICLE II
	  	2
			
	 2.1
	  	TERM	  	2
	 2.2
	  	MINIMUM RENT	  	2
	 2.3
	  	ADDITIONAL SERVICES PROVIDED	  	2
	 2.4
	  	ADDITIONAL RENT	  	2
	 2.5
	  	OPERATING EXPENSES	  	3
	 2.6
	  	SECURITY DEPOSIT	  	3
	 2.7
	  	PAYMENT OF CHARGES	  	4
	 2.8
	  	CURRENCY	  	4
		
	 ARTICLE III
	  	4
			
	 3.1
	  	TENANT’S USE	  	4
	 3.2
	  	TENANT FINISH	  	4
	 3.3
	  	UTILITIES	  	5
	 3.4
	  	SIGNS	  	5
	 3.5
	  	ARCHITECTURAL CONTROL	  	5
	 3.6
	  	ENVIRONMENTAL HAZARDS AND INDEMNITY	  	5
		
	 ARTICLE IV
	  	6
			
	 4.1
	  	LANDLORD’S DUTY TO REPAIR	  	6
	 4.2
	  	TENANT’S DUTY TO REPAIR	  	6
	 4.3
	  	SURRENDER OF PREMISES	  	7
	 4.4
	  	TENANT’S ALTERATIONS	  	7
	 4.5
	  	MECHANIC’S LIEN	  	8
	 4.6
	  	ROOF	  	8
		
	 ARTICLE V
	  	8
			
	 5.1
	  	LIABILITY OF TENANT	  	8
	 5.2
	  	NOTICE OF CLAIM OR SUIT	  	8
	 5.3
	  	LIABILITY INSURANCE	  	9
	 5.4
	  	PLATE GLASS RESPONSIBILITY	  	9
	 5.5
	  	FAILURE TO PROCURE INSURANCE	  	9
	 5.6
	  	INCREASE IN FIRE INSURANCE PREMIUM	  	9
	 5.7
	  	PROPERTY OF TENANT	  	9
	 5.8
	  	WAIVER OF SUBROGATION	  	9
	 5.9
	  	STIPULATIONS	  	9
		
	 ARTICLE VI
	  	9
			
	 6.1
	  	PARTIAL DESTRUCTION	  	9
	 6.2
	  	SUBSTANTIAL DESTRUCTION	  	10
		
	 ARTICLE VII
	  	10
			
	 7.1
	  	TENANT ASSIGNMENT	  	10
		
	 ARTICLE VIII
	  	11
			
	 8.1
	  	TENANT’S DEFAULT	  	11
	 8.2
	  	TENANT’S OBLIGATION	  	12
	 8.3
	  	SECURITY INTEREST	  	12
	 8.4
	  	LEGAL REMEDIES	  	13
	 8.5
	  	ATTORNEY’S FEES	  	13
		
	 ARTICLE IX
	  	13
			
	 9.1
	  	CONTROL OF COMMON AREA	  	13
	 9.2
	  	EMPLOYEE PARKING AREA	  	13
		
	 ARTICLE X
	  	13
			
	 10.1
	  	PARTIAL TAKING	  	13
	 10.2
	  	SUBSTANTIAL TAKING	  	13
	 10.3
	  	AWARD	  	14

  

 i 

					
		
	 ARTICLE XI
	  	14
			
	 11.1
	  	LANDLORD’S RIGHT OF ENTRY	  	14
	 11.2
	  	QUIET ENJOYMENT	  	14
	 11.3
	  	RELOCATION OF TENANT	  	14
	 11.4
	  	WAIVER	  	14
	 11.5
	  	TRADE FIXTURES	  	14
	 11.6
	  	SUBORDINATION	  	15
	 11.7
	  	NOTICES	  	15
	 11.8
	  	FINANCIAL REPORTS	  	15
	 11.9
	  	RECORDING	  	15
	 11.10
	  	AMENDMENT	  	15
	 11.11
	  	DOCUMENTATION	  	15
	 11.12
	  	HOLDING OVER-DOUBLE LAST MONTH’S RENT	  	15
	 11.13
	  	WAIVER OF JURY TRIAL	  	16
	 11.14
	  	CONTROLLING LAW	  	16
	 11.15
	  	TIME OF THE ESSENCE	  	16
	 11.16
	  	NO PARTNERSHIP	  	16
	 11.17
	  	PARTIAL INVALIDITY	  	16
	 11.18
	  	SUCCESSORS	  	16
	 11.19
	  	DISCLAIMER	  	16
	 11.20
	  	ADDITIONAL PROVISIONS	  	16
		
	 EXHIBIT A
	  	18
		
	 EXHIBIT B
	  	19
		
	 EXHIBIT C
	  	20
		
	 EXHIBIT C-1
	  	21

  

 ii 

 LEASE AGREEMENT 
 THIS LEASE AGREEMENT (the “Lease”) is dated this 23rd day of December, 2008, by and between Horizon West Property Management, Inc. a Colorado corporation, hereinafter referred to
as “Landlord”, as agent for Morgan Holdings, LLC, GratefulDV, LLC, and DNT Timberline Lakes, LLC (collectively, “Owner”), and Lionbridge US, Inc., a Delaware corporation, hereinafter referred to as
“Tenant”. Mitchell M. Morgan (“Morgan”) is the sole member of Morgan Holdings, LLC, and David P. Veldman (“Veldman”) is the sole member of GratefulDV, LLC. Morgan and Veldman are real estate professionals and real
estate brokers licensed in the State of Colorado acting on their own behalf. 
 WITNESSETH: 
 ARTICLE I 
 PREMISES 

 

	1.1	DESCRIPTION. Landlord, in consideration of the Rent to be paid and the covenants and agreements to be performed by Tenant, does hereby lease to Tenant and Tenant leases and
accepts from Landlord, subject to the terms and conditions of this Lease, the premises commonly known as 760 Whalers Way, Building C, in the suite presently known as of the date of this Lease, as Suite 110, Fort Collins, Colorado, (the
“Demised Premises”) and as outlined on the attached Exhibit “A”, said exhibit incorporated herein. 

 The
Demised Premises are deemed to be 758 square feet which square footage will become the numerator of the fraction used to determine Tenant’s Pro-rata Share as described in Article 1.3 of this Lease. 
  

	1.2	EXCEPTION AND RESERVATION. Landlord reserves and excepts from the Demised Premises, the roof and exterior walls of the Building of which the Demised Premises are a part, and
further reserves the right to construct additional improvements on and around the Building of which the Demised Premises are a part as may be reasonably necessary or advisable, which determination shall be in the sole discretion of Landlord.

  

	1.3	DEFINITIONS. Whenever the following words or phrases are used in this Lease, said words or phrases shall have the following meaning: 

  

	 	(a)	“Building” shall mean the existing building, commonly known as 760 Whalers Way, Building C, Fort Collins, Colorado 80525, located in the Business Center, deemed to consist
of approximately 7,084 rentable square feet. 

  

	 	(b)	“Building Common Areas” shall include hallways, entrance areas, stairways, elevators, if any, restroom facilities, and any other areas available for the common use by
other tenants in the Building, their employees, and business invitees. 

  

	 	(c)	“Business Center” shall mean the Building and all of the buildings within the five building office complex known as the Boardwalk at the Landings Association (the
“Association”), parking facilities, common facilities, and the like, and as the same may from time to time be altered, together with the structures which may from time to time be included thereon by any of the owners within the
Association. 

  

	 	(d)	“Common Area” shall include the parking areas, service roads, loading facilities, sidewalks, and green areas of the Business Center, and any other areas now constructed or
to be constructed for the use in common by the Tenant, other tenants in the Business Center and their employees and business invitees, subject, however, to the terms of this Lease and reasonable rules and regulations prescribed from time to time by
the Landlord. Tenant acknowledges that the Common Area is controlled by the Association pursuant to a recorded Declaration of Covenants, Conditions, and Restrictions for the Boardwalk at the Landings Association and that Landlord is a member of the
Association. 

  

 1 

	 	(e)	“Pro-rata Share” shall mean the total amount of the item being shared, multiplied by a fraction, the numerator of which shall be the floor area of the Demised Premises,
and the denominator of which shall be the total net leasable square footage of the Building of which the Demised Premises is a part. The denominator for this particular space will be 7,084. Adjustments will be necessary if the net leasable
square footage of the Building is increased or decreased for any reason at a later date. At the Commencement Date of this Lease, Tenant’s Pro-rata Share is agreed to be 10.7%. 

 ARTICLE II 
 TERMS AND RENT

  

	2.1	TERM. The original term of this Lease shall be for a period of six (6) Months, commencing on December 28, 2008 (the “Commencement Date”), and expiring
at 12:00 PM (Noon) on June 30, 2009, unless sooner terminated under the terms of this Lease. 

  

	2.2	MINIMUM RENT. Tenant covenants and agrees to pay without deductions or set-off, as minimum rent (“Minimum Rent”) for the Demised Premises for the full term of the
Lease, the sum of Four Thousand One Hundred Sixty Eight and 98/100 Dollars ($4,168.98), which amount shall be payable in monthly installments without notice or demand, as follows: 

  

				
	 December 28, 2008 through December 31, 2008:
	  	$	-0-
	 January 1, 2009 through June 30, 2009:
	  	$	694.83 Per Month

 Said Minimum Rent is payable in advance on or before the first day of each calendar month during
the term of this Lease at the offices of the Landlord or at such other place as the Landlord or Owner may hereinafter designate from time to time by written notice to Tenant. Checks shall be made payable to: Horizon West Property Management, Inc.,
760 Whalers Way, Building A, Suite #200, Fort Collins, CO 80525. Tenant agrees that Minimum Rent payments and OER charges, as described in Article 2.4, will be subject to a late fee of five percent (5%) if received after five (5:00) p.m.
on the tenth (10th) of the month due, and ten percent (10%) if received after five (5:00) p.m. on the fifteenth (15th) of the month. 
 If the Commencement Date of the Lease is other than the first of the month, Tenant shall pay a prorata portion of said monthly Minimum Rent for the remainder of said month. 
  

	2.3	ADDITIONAL SERVICES PROVIDED. Landlord shall provide the following services to Tenant at the times and in the manner provided to other tenants of the Building. The cost of
these services, unless indicated otherwise, shall be included in Operating Expenses, as defined in Article 2.5. 

  

	 	(a)	janitorial service for Building Common Areas only; 

  

	 	(b)	electrical and gas service; 

  

	 	(c)	heating and air conditioning services; 

  

	 	(d)	fire, casualty and general liability Building insurance, together with rent insurance in such sums as may be determined by Landlord; 

  

	 	(e)	water and sewer services; 

  

	 	(f)	all exterior maintenance; 

  

	 	(g)	trash service; 

  

	 	(h)	parking lot upkeep; 

  

	 	(i)	all Common Area maintenance and related taxes and insurance; 

  

	 	(j)	real property taxes. 

  

	2.4	ADDITIONAL RENT. In addition to all other payments to Landlord by Tenant required hereunder, Tenant shall pay to Landlord in each year or portion thereof during the term of
this Lease, or any renewal or extension thereof, as Additional Rent, Tenant’s Pro-rata Share of the annual Operating Expenses, as defined in Article 2.5 (“OER”). 

  

 2 

 Landlord shall provide to Tenant a statement of projected Tenant’s Pro-rata Share of Operating
Expenses at the beginning of each calendar year, and Tenant shall pay the entire amount due and owing in twelve (12) equal monthly installments together with the Minimum Rent payments, to Landlord at the address shown in Article 2.2. In this
instance, Landlord has estimated Tenant’s share of OER for the 2009 calendar year to be based on Nine and 20/100 Dollars ($9.20) per square foot or Six Thousand Nine Hundred Seventy Two and 00/100 Dollars ($6,972.00) on an annual basis,
payable in monthly installments of Five Hundred Eighty One and 00/100 Dollars ($581.00) commencing on January 1, 2009. 
 Within ninety
(90) days of the completion of the year-end accounting for the Building, or as soon as practical thereafter, Landlord shall compute Tenant’s Pro-rata Share of Operating Expenses and shall provide a summary to Tenant reflecting the actual
amounts incurred for such calendar year. In the event Tenant’s Pro-rata Share of the actual Operating Expenses for such calendar year shall exceed the aggregate of the projected Operating Expenses installments actually collected by Landlord
from Tenant, Tenant shall pay to Landlord within thirty (30) days following Tenant’s receipt of a statement, the amount of such excess. However, if Tenant’s Pro-rata Share of the actual Operating Expenses for such calendar year is
less than the aggregate of the projected Operating Expenses installments actually collected by Landlord from Tenant, Landlord shall pay or credit to Tenant within thirty (30) days after Tenant’s receipt of the statement, the amount of the
overpayment of the projected Operating Expenses installments. If the expiration or termination of this Lease occurs other than on the last day of a calendar year, the amount to be paid by Tenant or reimbursed to Tenant hereunder shall be a pro-rata
amount based on the ratio of the number of days of the term of this Lease in such last calendar year to 365 days. The obligation of Tenant for the payment of Minimum Rent and Additional Rent (collectively, the “Rent”) shall survive the
termination of this Lease. Failure or delay of Landlord in connection with this paragraph shall not constitute a waiver or renunciation of its rights therein. 
  

	2.5	OPERATING EXPENSES. For the purpose of this Lease, Operating Expenses shall mean the total amounts incurred or paid by Landlord in connection with the ownership, management,
maintenance, repair, replacement and operation of the Building. Such expenses shall include, but shall not be limited to: Janitorial and cleaning contracts and restroom supplies and cleaning equipment for the Building Common Areas; all management
fees and costs for the Building; heating and air conditioning for the Building; electricity, gas, and water and sewer usage fees for the Building, excluding any utility usage fees for electricity, gas, or water and sewer supplied to and paid by
individual tenants; maintenance and repair of the exterior of the Building, including the roof, foundation and structural portions of the Building; maintenance and repair of the Building Common Areas; the Building’s proportionate share of all
costs to maintain the Common Area; insurance costs; landscaping services; leasing or amortization of capital improvements made to the Building after the date of the execution of this Lease that reduce the operating or energy expenses, improve life
safety or security systems, or are required under any governmental law or regulation that was not applicable at the time the Building was constructed, such cost to be amortized over such reasonable period as determined at Landlord’s sole
discretion, together with interest on the unamortized balance at a rate equal to ten percent (10%) per annum at the time such capital improvement is put into service; and taxes. Taxes, for the purposes of this paragraph, shall mean: personal
property taxes on property and equipment used in the operation and maintenance of the Building; all real estate taxes including state equalization factor, if any, payable (adjusted after protest or litigation, if any) for any part of the term of
this Lease, exclusive of penalties or discounts, on the Building; any taxes which shall be levied in lieu of any such taxes on the gross rentals of the Building; any special assessments against the Building which shall be required to be paid during
the calendar year in respect to which taxes are being determined; and the expense of contesting the amount or validity of any such taxes, charges, or assessments, including tax consultant fees, such expense to be applicable to the period of the item
contested. 

  

	2.6	 SECURITY DEPOSIT. Concurrent with the execution of this Lease by Tenant, Tenant shall pay to Landlord the sum of Two Thousand Five Hundred Fifty and
83/100 Dollars ($2,550.83) of which Five Hundred Eighty One and 00/100 Dollars ($581.00)  

  

 3 

	 	 
shall apply to OER and Six Hundred Ninety Four and 83/100 Dollars ($694.83) shall apply to Minimum Rent for the first full month of the Lease. The balance
of One Thousand Two Hundred Seventy Five and 00/100 Dollars ($1,275.00) shall remain on deposit with Owner during the term of this Lease and any extensions as security for the payment of Rent and the full and faithful performance by Tenant of
the covenants and conditions of this Lease. In the event of default, the sum shall be retained by Owner and may be applied toward damages arising from such default. Said deposit shall not be construed as liquidated damages. Within sixty
(60) days after the yielding of said premises at the termination of this Lease by Tenant, and providing no default has occurred, said sum shall be returned to Tenant. If any monies are withheld from the same, the Landlord shall provide a
written accounting as to why the monies were withheld. No interest shall be payable on the deposit. It is understood that Owner shall always have the right to apply said deposit or portion thereof to the curing of any default that may exist. Should
Owner convey its interest under this Lease, the deposit, or the part or portion thereof not previously applied, shall be turned over to Owner’s grantees or assignees; and, in the event of such a grant or assignment, Tenant hereby releases Owner
from any liability with respect to the deposit and Tenant agrees to look solely to such grantee or assignee and this provision shall further apply to any subsequent grantees or assigns. Tenant agrees it will not assign, pledge, mortgage or otherwise
hypothecate its interest in the security deposit. It is agreed that the sum is not made in payment of Rent, but is paid solely as security by Tenant for the full and faithful performance of the obligations and terms of the Lease. Should the entire
deposit or any portion thereof be appropriated and applied by Owner or Landlord for the payment of overdue Rent or any other sums due and payable to Landlord by Tenant, then Tenant shall, upon written demand by Landlord, remit to Landlord for
delivery to Owner a sufficient amount in cash to restore said security to the original sum deposited, and Tenant’s failure to do so within ten (10) days after receipt of such demand shall constitute a breach of this Lease.

  

	2.7	PAYMENT OF CHARGES. All Rent and other charges to be paid by Tenant shall be paid as provided in this Lease and the nonpayment of any item when due (or with monthly payments
if not otherwise provided for herein) shall constitute a breach and default under the terms of this Lease thereby entitling Landlord to terminate the same and repossess itself of the Demised Premises and to seek judgment for the unpaid Rent and any
other damage the Landlord may have suffered. If, however, Landlord elects to waive the breach by Tenant and accepts the tendered late payment, it is agreed that this acceptance is not a waiver by Landlord of any rights Landlord may have regarding
subsequent default. 

  

	2.8	CURRENCY. All monies due from Tenant to Landlord under this Lease, whether as Rent or otherwise, are to be paid in lawful currency of the United States, as then exists. The
parties hereto agree that if for any reason dollars are no longer lawful currency of the United States, then all monies due from Tenant to Landlord hereunder shall be payable in lawful currency of the United States as may exist at the time the
particular payment is made. 

 ARTICLE III 
 USE OF PREMISES 
  

	3.1	TENANT’S USE. The Demised Premises shall be used and occupied by Tenant solely as office space and for no other purpose without Landlord’s prior written
consent. Tenant shall comply with all rules, regulations and laws of any governmental authority with respect to use and occupancy, and shall not violate in any manner any of the exclusive use rights granted by Landlord to any other tenants in the
Building, which exclusive use provisions contained in said leases are available for Tenant’s inspection. 

  

	3.2	TENANT FINISH. Tenant hereby accepts the Demised Premises and all appurtenances thereto in their current, “as is” condition. Tenant shall be responsible for all
tenant finish on the Demised Premises. Tenant shall first submit to Landlord any such drawings, layouts, samples of material and any other information Landlord deems necessary to demonstrate the finish anticipated by Tenant. No such finish work
shall be undertaken until Landlord has given its written approval, which written approval shall not be unreasonably withheld, provided, however, Tenant acknowledges that no tenant finish shall be allowed which, in the opinion of Landlord, is not
consistent with the overall scheme of the Building. 

  

 4 

 All construction work done by Tenant or Tenant’s contractor within the Demised Premises shall be
performed in a good and workmanlike manner, in compliance will all governmental requirements and the requirements of any contract or deed of trust to which Landlord may be a part, and in such manner as to cause a minimum of interference with other
construction in progress or with the transaction of business in the Building. Tenant agrees to indemnify Landlord and hold it harmless against any loss, liability or damage resulting from such work, and Tenant shall, if requested by Landlord,
furnish bond or other security satisfactory to Landlord against any such loss, liability or damage. 
  

	3.3	UTILITIES. Landlord agrees to pay for Tenant’s requirements of electric current, gas, sewer, heat, water, and all other utilities and all taxes or charges on such
utility services which are used on or attributable to the Demised Premises, which utilities shall be included in the Operating Expenses as defined in Article 2.5 of this Lease. In no event shall Landlord be liable for any interruption or failure in
the supply of any utilities to the Demised Premises. In the event that Tenant’s consumption of electricity in the conduct of Tenant’s business in the Demised Premises exceeds the average consumption of electricity for general office
space usage, then Tenant shall pay for the excess consumption, which cost Landlord shall reasonably estimate based on historical consumption records. 

  

	3.4	SIGNS. Tenant shall not place on any exterior door, wall, or window of the Demised Premises any sign or advertising matter without first obtaining Landlord’s written
approval and consent. Tenant agrees to maintain such sign or advertising matter as approved by Landlord in good condition and repair. All signs shall comply with the architectural control placed on the Building by the Association and also shall
comply with all applicable ordinances or other governmental restrictions and the prompt compliance therewith shall be the responsibility of the Tenant. In this regard, Tenant acknowledges that no sign or window treatment will be allowed which
contains neon lighting without written consent of Landlord. Any such sign shall be in line with the overall plan of the Building. No sign shall be approved until a colored rendering of the same has been submitted to Landlord and approved by
Landlord. 

 Any signs erected or placed in or on the Demised Premises by Tenant may be removed by Tenant during the term hereof
only with the prior written consent of Landlord. Upon the expiration or sooner termination of this Lease, all signs placed by Tenant must be removed and all damage caused by the erection, maintenance, or removal of any or all signs shall be fully
repaired at the expense of Tenant. 
  

	3.5	ARCHITECTURAL CONTROL. Tenant acknowledges that Landlord shall have complete architectural control over any improvements constructed in the Building. In this regard, any
improvements to be constructed by Tenant shall not be undertaken unless all renderings, specifications, drawings and other material as may be required by Landlord regarding the same have been submitted to Landlord and received Landlord’s
written approval. In this regard, Tenant acknowledges that the Demised Premises are part of the overall scheme of design in the Building and Landlord shall have the final decision as to any improvements constructed therein whether by Landlord or
Tenant. 

  

	3.6	 ENVIRONMENTAL HAZARDS AND INDEMNITY. Tenant will not use or operate the Demised Premises in any manner such that the Demised Premises are not in compliance
with all applicable federal, state and local environmental statutes, regulations, ordinances, and any permits, approvals or judicial or administrative orders issued thereunder; nor shall Tenant operate in the Demised Premises or use any portion of
the Building or any area of the Common Area in any manner such that the Demised Premises, any area adjacent to the Demised Premises, the Building, or the Common Area, may or do become contaminated by any hazardous substance, pollutant or
contaminant, or petroleum, including crude oil or any fraction thereof, giving rise to liability under any federal, state or local environmental statute or ordinance, including without limitation the Comprehensive Environmental Response,
Compensation and Liability Act, 42 U.S.C. § 9601 et seq., as amended, or under any common law claim for 

  

 5 

	 	 
personal injury or property damage, or for injunctive relief. Whether or not Tenant or Landlord has actual knowledge of the existence of any environmental
condition which becomes subject to this environmental indemnity, Tenant hereby agrees to indemnify, defend and hold harmless Landlord and its agents, affiliates, officers, directors and employees of and from any and all liability, claims, demands,
actions and causes of action whatsoever arising out of or related to Tenant’s contamination of the Demised Premises, any area adjacent to the Demised Premises, any portion of the Building, or any area of the Common Area by any hazardous
substance, pollutant or contaminate, petroleum, or the like. 

 ARTICLE IV 
 MAINTENANCE AND REPAIRS 
  

	4.1	LANDLORD’S DUTY TO REPAIR. Landlord shall keep in good repair and maintain the foundation, exterior walls and roof of the Building in which the Demised Premises are
located. Landlord shall repair major Building systems, such as main electrical distribution source, main sewage drain lines, and heating and ventilation equipment, if any, serving the Building. Tenant acknowledges that, provided the foregoing
repairs are not required to be made by reason of negligence of the Tenant, its agents, affiliates, officers, directors and employees, such maintenance and any upkeep of the exterior of the Building and the Building’s share of any maintenance in
the Common Area of the Business Center, such as painting, repairs, striping, parking lot surface maintenance, etc., if undertaken by Landlord or the Association, shall be considered Common Area maintenance and subject to the provisions of Article
2.5 above. 

 Tenant agrees that if any conditions exist within the Demised Premises, the Building, the Building Common Areas,
or the Common Area that would create the basis of a constructive eviction of the Tenant, or a claim against Landlord for the failure to complete any required tenant finish or to make any repairs or undertake any maintenance for which Landlord is
responsible under the terms of this Lease, Tenant shall give Landlord prompt notice of such condition or default in writing. Landlord shall have thirty (30) days after receipt of said written notice to correct or cure said condition or default.
If such condition or default is of a nature that cannot be reasonably cured within thirty (30) days, and Landlord has begun to attempt to cure such condition or default and continues with reasonable diligence to do so thereafter, Landlord shall
be given the additional time reasonably necessary to complete the cure of the condition or alleged default. Tenant shall have no claims and shall not file any action against Landlord for constructive eviction or any breach of this Lease for failure
to complete any required tenant finish or to make any necessary repairs or maintain any portion of the Demised Premises, the Building, the Building Common Areas, or the Common Area unless and until Tenant has first provided written notice of such
condition or default, and Landlord has failed to cure or begin to cure the condition or default within thirty (30) days after receipt of such notice. 
  

	4.2	TENANT’S DUTY TO REPAIR. Except as provided for in Article 4.1 of this Lease as being required of the Landlord, Tenant shall: 

  

	 	a.	keep and maintain in good order, condition and repair (including any such replacement and restoration as is required for that purpose) the Demised Premises and every part thereof
and any and all appurtenances thereto wherever located, including but not limited to, light fixtures, light bulbs, ballasts, carpeting or other flooring, doors, door frames, door checks, door locks, and interior windows, window frames, window
coverings, and walls within the Demised Premises, all electrical wiring, electrical switches and electrical outlets serving the Demised Premises, ceiling tiles and ceiling grids, and all HVAC airflow grills, louvers and covers;

  

	 	b.	use chair mats in front of desks on all flooring areas to protect carpet and floor material from damage and excessive wear; 

  

	 	c.	 keep and maintain the Demised Premises in a clean, sanitary and safe condition and in accordance with all directions, rules and regulations of the proper officials

  

 6 

	 	 
of the government agencies having jurisdiction, at the sole cost and expense of Tenant, and Tenant shall comply with all requirements of law by statute,
ordinance or otherwise, affecting the Demised Premises and all appurtenances thereto. If Tenant refuses or neglects to commence and to complete repairs promptly and adequately, Landlord may, but shall not be required to, make and complete said
repairs and Tenant shall pay the cost thereof to Landlord as Additional Rent upon demand. 

  

	4.3	SURRENDER OF PREMISES. At termination of this or any renewal term, Tenant agrees to deliver the Demised Premises in the same condition as received by it on the Commencement
Date, (subject to the removals hereinafter required), reasonable wear and tear excepted, and shall surrender all keys for the Demised Premises to Landlord at the place then fixed for the payment of Rent and shall inform Landlord of all combination
of locks, safes and vaults, if any, in the Demised Premises. Tenant agrees to pay $5.00 for each key not returned under the terms of this paragraph. Tenant, during the last thirty (30) days prior to the expiration of the term of this Lease,
shall remove all its trade fixtures, including the removal of its sign from the Building fascia, if any, and all window graphics as required in Article 3.4 and, to the extent required by Landlord by written notice, any other installations,
alterations or improvements provided herein, before surrendering the Demised Premises as aforesaid. 

 In addition to the above,
within thirty (30) days after the expiration or sooner termination of this Lease, Tenant shall, at Tenant’s sole cost and expense, remove all telephone, telecommunication, satellite reception, computer network, and Tenant specific
electrical wiring installed by Tenant during the term of this Lease in the Demised Premises or anywhere in the Building or the Business Center outside of the Demised Premises, including, without limitation, the plenums or risers of the Building
(collectively, “Tenant Wiring”). Notwithstanding the preceding, Landlord reserves the right to elect by written notice to Tenant prior to the termination of the Lease to retain all or part of Tenant Wiring (“Landlord’s Wiring
Election”). Tenant shall confirm that Landlord has been provided with the most recent Tenant Wiring Plan, as hereinafter defined in Article 4.4, and shall covenant to Landlord that Tenant is the sole owner of Tenant Wiring, has the right to
surrender Tenant Wiring free of all liens and encumbrances, and that Tenant Wiring is in good condition, in working order, properly labeled, capped and sealed in proper junction boxes, and in safe condition. In the event Landlord’s Wiring
Election does not include all of Tenant Wiring, Tenant shall remove such portion of Tenant Wiring excluded from Landlord’s Wiring Election, which removal shall be in accordance with all City of Fort Collins code regulations, shall be in
accordance with the latest edition of the National Electrical Code (NEC) as promulgated periodically by the National Fire Protection Association (NFPA), and shall be completed without damaging or limiting the functionality of any Tenant Wiring to be
retained in the Building pursuant to Landlord’s Wiring Election. 
 Tenant’s obligation to observe or perform under this covenant
shall survive the expiration or other termination of the Lease term. Tenant shall be responsible for the cost to repair any damage to the Demised Premises caused by Tenant’s removal of its trade fixtures and Tenant Wiring. Furthermore, any
items remaining in the Demised Premises on the termination date of this Lease shall be deemed abandoned for all purposes and shall become the property of Landlord and the latter may dispose of the same without liability of any type or nature. In the
event that Tenant fails or refuses to observe or perform the obligations set forth in this Article 4.3, Landlord may remove any or all of Tenant Wiring and restore the Demised Premises or the Building, as the case may be, to their condition prior to
the installation of Tenant Wiring, and apply all or any portion of Tenant’s Security Deposit toward the payment of any costs or expenses incurred by Landlord to satisfy Tenant’s obligations. The retention or application of Tenant’s
Security Deposit by Landlord shall not constitute a limitation on or waiver of Landlord’s right to seek further remedy under law or equity. 
  

	4.4	 TENANT’S ALTERATIONS. Tenant shall not alter the Demised Premises (except for repairs as aforesaid), and shall not install any fixtures or equipment or
Tenant Wiring to be used in connection with Tenant’s business which affect the Demised Premises in any manner without first obtaining the written approval of Landlord to such fixtures and 

  

 7 

	 	 
equipment and Tenant Wiring, and Landlord’s approval of the manner in which said fixtures and equipment and Tenant Wiring are to be installed and
located in the Demised Premises. Prior to or upon installation of Tenant Wiring, Tenant shall provide to Landlord a diagram of Tenant Wiring (“Tenant Wiring Plan”), which plan shall be updated from time to time whenever changes are made to
Tenant Wiring. Tenant shall at all times comply with all applicable laws with respect to Tenant Wiring. In the event that during the term of this Lease, Tenant intends to discontinue to use or to abandon any of Tenant Wiring, Tenant shall give not
less than a thirty (30) day prior written notice to Landlord of Tenant’s intention, accompanied by an update to the Tenant Wiring Plan with reasonable description of the current type, quantity, points of commencement and termination, and
routes of Tenant Wiring, and Landlord shall have the right to exercise Landlord’s Wiring Election as set forth in Article 4.3. 

  

	4.5	MECHANIC’S LIEN. If Tenant makes any alterations or improvements in the Demised Premises, Tenant must pay for same when made. Nothing in this Lease shall be construed to
authorize Tenant or any person dealing with or under Tenant to charge the rents of the Demised Premises or the property of which the Demised Premises form a part or the interest of Landlord in the estate of the Demised Premises or any person under
and through whom Landlord has acquired its interest in the estate of the Demised Premises with a mechanic’s lien or encumbrance of any kind, and under no circumstances shall Tenant be construed to be the agent, employee or representative of
Landlord in the making of any such alterations or improvements to the Demised Premises, but, on the contrary, the right or power to charge any lien, claim or encumbrance of any kind against Landlord’s rents or the Demised Premises is denied. So
long as the laws of this state shall provide for the filing of statutory bond to eliminate the attachment of mechanic’s or materialmen’s lien to real estate, Tenant shall require that its contractor or itself take such steps prior to the
initiation of any construction to insure that said bond shall be obtained. If a mechanic’s or materialmen’s lien is threatened by any contractor or supplier, or in the event of the filing of a notice of any such lien, Tenant will promptly
pay same and take steps immediately to have same removed. If same is not removed within ten (10) days from the date of written notice from Landlord, Landlord shall have the right, at Landlord’s option, of paying the same or any portion
thereof and the amounts so paid, including attorney’s fees and expenses connected therewith and interest at the rate of two percent (2%) over the prime interest rate as published from time to time in the Wall Street Journal or eighteen
(18%) per annum, whichever is greater, on any sums paid or advanced shall be deemed to be additional rent due from Tenant to Landlord and shall be paid to Landlord immediately upon rendition to Tenant of bill. Tenant will indemnify and save
harmless Landlord from and against all loss, claims, damages, costs or expenses suffered by Landlord by reason of any repairs, installations or improvements made by Tenant. 

  

	4.6	ROOF. Tenant will not cause or permit accumulation of any debris or extraneous matter on the roof of the Demised Premises, will not in any manner cut or drive nails into or
otherwise mutilate the roof of the Demised Premises, and will be responsible for any damage caused to the roof by any acts of Tenant, its agents, servants, employees, or contractors of any type or nature. 

 ARTICLE V 
 INSURANCE 

 

	5.1	LIABILITY OF TENANT. Tenant shall protect, indemnify and save Owner and Landlord harmless from and against any or all liability and expense of any kind arising from injuries
or damages to persons or property on the Demised Premises arising out of or resulting in any way from its use of the Demised Premises during the term of this Lease, unless such liability arises out of or results from Owner’s or Landlord’s
willful or grossly negligent act or omission. 

  

	5.2	NOTICE OF CLAIM OR SUIT. Tenant agrees to promptly notify Landlord of any claim, action, proceeding or suit instituted or threatened against Owner or Landlord, or both. In
the event Owner or Landlord, or both, is made a party to any action for damages which Tenant has herewith indemnified Owner and Landlord against, then Tenant shall pay all costs and shall provide effective counsel in such litigation or shall pay, at
Landlord’s option, the attorney’s fees and costs incurred in connection with said litigation by Owner and Landlord. 

  

 8 

	5.3	LIABILITY INSURANCE. Tenant agrees to maintain at its expense at all times during the Lease term a Business Owner’s Policy providing for Commercial General Liability
insurance properly protecting and indemnifying Owner and Landlord and naming Owner and Landlord as additional insureds, in an amount not less than One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) in the aggregate
combined single limit for bodily injury and property damage, written by insurers licensed to do business in the State of Colorado and rated A+ or better in the Best’s Rating Guide. Tenant shall deliver to Landlord evidence of such insurance,
which shall declare that the respective insurer may not cancel the same in whole or in part without giving Owner and Landlord written notice of its intentions to do so at least thirty (30) days in advance. 

  

	5.4	PLATE GLASS RESPONSIBILITY. Tenant shall be responsible for plate glass. 

  

	5.5	FAILURE TO PROCURE INSURANCE. In the event Tenant shall fail to procure insurance required under this Article V and fail to maintain the same in force continuously during the
term, Landlord shall be entitled to procure the same and Tenant shall immediately reimburse Landlord for such premium expense. 

  

	5.6	INCREASE IN FIRE INSURANCE PREMIUM. Tenant agrees not to keep upon the Demised Premises any article or goods which may be prohibited by the standard form of fire insurance
policy. It is agreed between the parties that in the event the insurance rates applicable to fire and extended coverage insurance covering the Demised Premises shall be increased by reason of any use of the Demised Premises made by Tenant, then
Tenant shall pay to Landlord such increases in insurance as shall be occasioned by said use. 

  

	5.7	PROPERTY OF TENANT. Tenant agrees that all property owned by it in, on or about the Demised Premises shall be at the sole risk and hazard of Tenant. Neither Owner nor
Landlord shall be liable or responsible for any loss of or damage to Tenant, or anyone claiming under or through Tenant, or otherwise, whether caused by or resulting from a peril required to be insured hereunder, or from water, steam, or gas
leakage, plumbing, electricity or electrical apparatus, pipe or apparatus of any kind, the elements or other similar or dissimilar causes, and whether or not originating in the Demised Premises or elsewhere, irrespective of whether or not Owner or
Landlord may be deemed to have been negligent with respect thereto, and provided such damage or loss is not the result of an intentional or willful wrongful act of Owner or Landlord. 

  

	5.8	WAIVER OF SUBROGATION. Tenant agrees that, if any property owned by it and located in the Demised Premises shall be damaged or destroyed by an insured peril, neither Owner
nor Landlord shall have any liability to Tenant, nor to any insurer of Tenant, for or in respect of such damage or destruction, and Tenant shall require all policies of risk insurance carried by it on its property in the Demised Premises to contain
or be endorsed with a provision in and by which the insurer designated therein shall waive its right of subrogation against Owner and Landlord. 

  

	5.9	STIPULATIONS. The parties hereto further agree to have the following stipulation placed on any insurance policy regarding the subject property: “It is hereby stipulated
that this insurance shall not be invalidated should the insured waive in writing, prior to any loss, any or all right of recovery against any party for loss occurring to the property described herein.” 

 ARTICLE VI 
 FIRE OR OTHER CASUALTY

  

	6.1	PARTIAL DESTRUCTION. In the event of the partial destruction by fire or any other casualty of the Building in which the Demised Premises are located, Landlord shall restore
or repair said Building and improvements with reasonable diligence. Landlord shall expend such sums as required to repair or restore improvements to the condition they were in immediately prior to the date of the destruction. A just and
proportionate part of the Rent payable by Tenant to the extent that such is damaged or destruction renders the Demised Premises untenable and was not caused by Tenant shall abate from the date of such damage or destruction until such premises are
repaired or restored. 

  

 9 

	6.2	SUBSTANTIAL DESTRUCTION. If the Demised Premises shall be so damaged by fire or other casualty or happening as to be substantially destroyed, then Landlord shall have the
option to terminate this Lease by giving Tenant written notice within thirty (30) days after such destruction and, if such damage was not caused by Tenant, any unearned Rent shall be apportioned and returned to Tenant. If Landlord does not
elect to cancel this Lease as aforesaid, then the same shall remain in full force and effect and Landlord shall proceed with all reasonable diligence to repair and restore the Demised Premises to the condition they were in prior to the date of such
destruction, and during the time said premises are so destroyed and totally untenable, if such damage was not caused by Tenant, the Rent shall be abated. 

 ARTICLE VII 
 ASSIGNMENT AND SUBLETTING 
  

	7.1	TENANT ASSIGNMENT OR SUBLET. 

  

	 	(a)	Tenant shall not transfer or assign this Lease or any interest herein, or mortgage or hypothecate this Lease or any interest herein, or permit the use of the Demised Premises by any
person or persons other than Tenant, or sublet the Demised Premises in whole or in part without Landlord’s prior written consent, in each instance. This prohibition against assigning or subletting shall be construed to include any transfer of
this Lease from Tenant by merger, consolidation, liquidation or otherwise by operation of law, including the change or conversion of Tenant to a limited liability company, a limited liability partnership or any other entity which possesses the
characteristics of limited liability. If Tenant is a corporation, the issuance or transfer of any of the shares of stock of said corporation which results in a change in the ownership of (i) the voting control and/or (ii) the majority of
the issued and outstanding stock of said corporation, as compared with such ownership on the date of this Lease, shall be deemed to be an assignment prohibited hereby. 

  

	 	(b)	At Landlord’s discretion, Landlord’s consent will not be granted in the event of any of the following conditions (which list is not to be construed as all inclusive):
(i) Tenant is in default under the terms of this Lease; (ii) the proposed transferee is not, in Landlord’s sole opinion, a reputable company; (iii) the proposed transferee does not have, in Landlord’s sole opinion, a net
worth at least equal to that of Tenant’s net worth at the time of execution of this Lease; (iv) the proposed transferee, in Landlord’s sole opinion, does not have the same or greater managerial or operational skills of the Tenant and,
based on the proposed transferee’s sales history, is not capable of generating the same or greater level of operating income; (v) the use of the Demised Premises by the proposed transferee is not identical to the use permitted by this
Lease, or violates or creates any potential violation of any laws or agreements affecting the Demised Premises, or violates any existing exclusive use agreement with any other tenant in the Building. 

  

	 	(c)	Any attempted transfer, assignment or subletting in contravention of this Article VII shall be void, shall confer no rights upon any third person, and shall constitute a breach of
this Lease. 

  

	 	(d)	 In the event that Tenant shall at any time during the term of this Lease sublet all or any part of the Demised Premises or assign this Lease either with the consent
of Landlord as hereinbefore provided or without the consent of Landlord, it is mutually agreed that Tenant, and Tenant’s guarantors, if any, shall continue to remain fully liable under all of the terms, covenants and conditions of this Lease
including, but not limited to, the provisions for the payment of Rent and Additional Rent. Furthermore, the consent of Landlord to any transfer, assignment or subletting shall not be deemed to be a consent by Landlord to any subsequent transfer,
assignment or subletting. The acceptance of any rental 

  

 10 

	 	 
payments by Landlord from any alleged assignee shall not constitute approval or consent by Landlord of the assignment of this Lease. In the event that any
transfer, assignment or subletting results in Rent in excess of that due by Tenant hereunder, Landlord shall be entitled to the whole amount of such excess. 

  

	 	(e)	In the event that Tenant shall seek Landlord’s permission to assign this Lease or sublet the Demised Premises, Tenant shall provide to Landlord the name, address and financial
statement of the proposed assignee or sublessee and such other information concerning such proposed assignee or sublessee as Landlord, in Landlord’s sole discretion, may require. It shall further be a condition to any consent by Landlord to an
assignment or a subletting that such request shall be accompanied by a certified check in the amount of Five Hundred & 00/100 Dollars ($500.00) from Tenant to reimburse Landlord for administrative and legal expenses for the review and/or
preparation of appropriate legal documents. 

  

	 	(f)	It is expressly understood and agreed that this Lease and all rights of Owner hereunder shall be fully and freely assignable by Owner without notice to or the consent of Tenant. In
the event of any sale, transfer or assignment by Owner, or any subsequent Owner hereunder, to any party, then the Owner whose interest is thus sold, transferred, leased, or otherwise conveyed shall be and hereby is completely released and forever
discharged from any and all covenants, obligations, and liability of Landlord and Owner hereunder. 

 ARTICLE VIII

 DEFAULT AND RE-ENTRY 
  

	8.1	TENANT’S DEFAULT. Failure on the part of Tenant to pay the Rent when due, or the failure of Tenant to promptly and faithfully keep and perform every covenant, condition,
agreement and obligation of this Lease other than payment of Rent on the part of Tenant to be kept and performed for more than ten (10) days after written notice of such default shall have been given to Tenant, shall, at the option of Landlord,
cause the forfeiture of this Lease, without, however, releasing Tenant from liability, as hereinafter provided, and if such default shall not be corrected within the applicable period aforesaid, possession of the Demised Premises and all
improvements thereon shall be delivered to Landlord and thereupon Landlord shall be entitled to and may take immediate possession of the Demised Premises, any other notice or demand being hereby waived. Tenant agrees to quit and deliver possession
of the Demised Premises to Landlord or Landlord’s assigns, successors or agents, when this Lease terminates by limitation or forfeiture, and Tenant agrees that the Demised Premises shall be in substantially the same order and in as good
condition as received, normal wear and use excepted. 

 In addition,
failure on the part of Tenant to pay the Rent or any other sums due hereunder within the time specified herein shall also subject Tenant to a penalty of one and one-half percent (1 1/2%) of said payments for each month from the date said payment was due until the date said payment is made. 
 Notwithstanding anything in this Lease to the contrary, and without limiting Landlord’s other rights and remedies provided for in this Lease or at
law or equity, if Tenant is in default under any covenant, condition, or agreement of this Lease more than two (2) times within any twelve (12)-month period, irrespective of whether or not such default is cured, and irrespective of whether it
is a different covenant, condition, or agreement, Landlord, at its sole election and in its sole and absolute discretion, and without notice to Tenant, may do one or more of the following in addition to all other rights: (i) Landlord may
require Tenant to increase the security deposit by an amount that Landlord determines, in its sole and absolute discretion, is necessary to protect its interests, provided that such amount does not exceed three (3) months of the then applicable
monthly Rent, which increase shall be paid by Tenant immediately upon demand by Landlord; (ii) Charge a fee (the “Penalty Fee”) in addition to any other fee or penalty provided for in this Lease, on the third occurrence of
Tenant’s violation of any covenant, condition, or agreement, as Additional Rent, of two hundred fifty & 00/100 dollars ($250.00), which Penalty Fee shall automatically increase for each additional violation of any covenant, condition,
or agreement in this Lease by twenty-five percent (25%) over 

  

 11 

 
the previous most recently charged Penalty Fee ; (iii) Cancel and terminate Tenant’s right to exercise all or any option(s) and rights granted to
Tenant under Article 11.20 of this Lease, if any; (iv) Require that beginning with the first monthly installment of Minimum Rent next due, the Minimum Rent and OER shall no longer be paid in monthly installments, but shall be payable in advance
on a quarterly basis, on the first day of the first month of each calendar quarter; (v) Declare the third or subsequent violation of any covenant, condition or agreement in this Lease a noncurable Event of Default and pursue any or all remedies
hereunder. 
  

	8.2	TENANT’S OBLIGATION. Tenant covenants that any forfeiture, annulment or voidance of this Lease shall not relieve Tenant from the obligation to make the monthly payments
of Rent. In case of default by Tenant, Landlord may relet the Demised Premises as the agent for and in the name of Tenant, at any Rent readily acceptable, applying the proceeds first, to the payment of any indebtedness other than Rent due hereunder
from Tenant to Landlord; second, toward all costs incurred by Landlord for leasing commissions, interior renovation of the Demised Premises to accommodate a replacement tenant, rent concessions, abatements, and the like, all of which shall be deemed
to be Additional Rent; third, to the payment of Rent and OER due and unpaid hereunder; and the balance, if any, shall be retained by Landlord. Tenant hereby agrees that if Landlord shall recover or take possession of said premises as aforesaid and
be unable to relet and rent the same so as to realize a sum equal to the Rent and Additional Rent hereby reserved, Tenant shall immediately pay to Landlord on demand, as current liquidated damages, any loss or difference of Rent for the residue of
the Term, including all costs incurred by Landlord with respect to such reletting of the Demised Premises. Should Landlord at any time terminate the estate of Tenant hereby created by this Lease for any breach, in addition to any other remedies
Landlord may have, Landlord may recover from Tenant all damages Landlord may incur by reason of such breach, including the cost of recovering the Demised Premises, reasonable attorneys’ fees and brokerage fees. 

 Landlord shall have the right to re-enter the Demised Premises to assume and take possession of the whole or any part thereof, and to remove all persons
or personal property by direct or summary action, or in a different type of suit or proceeding, by force, or otherwise, without being deemed guilty of trespass or other actionable wrong by reason thereof, and without being liable for the damages
therefore or in connection therewith, and after demand made therefore, Tenant or anyone in possession claiming under Tenant shall be deemed guilty of unlawful detainer and subject to such summary or other action as may be provided by law.

 Landlord, irrespective of the date on which its right of re-entry shall have accrued or be exercised, shall have the right, exercisable
without notice to or demand upon Tenant or any other person, whether for Rent or possession or otherwise, to forfeit this Lease and terminate the estate of Tenant hereby created. 
 In any and every event, Landlord shall not be deemed to have accepted any surrender of the Demised Premises or of the leasehold estate created hereby from
Tenant, or anyone acting in Tenant’s behalf, unless Landlord by an agreement in writing shall declare explicitly that it intends thereby to effect acceptance of the surrender and to release Tenant from liability. 
  

	8.3	SECURITY INTEREST. Tenant grants and the Landlord shall have a lien as security for the payment of the Rent aforesaid upon all the goods, inventory, equipment, wares,
chattels, implements, fixtures, tools and other personal property, which are or may be put on the Demised Premises. All exemptions of such property, or any of it, are hereby waived. Tenant agrees to execute and deliver to Landlord Uniform Commercial
Code (UCC) Financing Statements in sufficient form to reflect the security interest hereby granted. Landlord shall, in addition to all of its rights hereunder, also have all of the rights and remedies of a secured party under the UCC as adopted by
the State of Colorado. 

  

 12 

 In the event Tenant shall fail or refuse to pay any Rent in full when due, Tenant hereby grants to
Landlord the right to enter upon the Demised Premises and to seize any or all property legally subject to said lien; to hold said property until Tenant shall have paid all of the rental arrears plus a reasonable amount to compensate for the costs of
seizure and storage; or additional at Landlord’s option, to sell such property pursuant to the procedures and notice requirements of state law. 
  

	8.4	LEGAL REMEDIES. In addition to all rights and remedies granted to Landlord by the terms of this Lease, Landlord shall have available to it any and all rights and remedies
available at law or in equity, or under the statutes of the State of Colorado. No remedy granted in this Lease or otherwise conferred upon or reserved to Landlord shall be considered exclusive of any other remedy, but all remedies shall be
cumulative and shall be in addition to every other remedy given under this Lease or now or hereafter existing at law or in equity or by statute. 

  

	8.5	ATTORNEY’S FEES. In the event that either party shall be required to engage legal counsel for the enforcement of any of the terms of this Lease, whether such employment
shall require institution of suit or other legal services required to secure compliance on the part of the other party, the non prevailing party shall be responsible for and shall promptly pay to the prevailing party the reasonable value of said
attorney’s fees. 

 ARTICLE IX 
 COMMON AREA 
  

	9.1	CONTROL OF COMMON AREA. All parking areas, driveways, entrances and exits thereto, sidewalks, ramps, landscaped areas, exterior stairways, and all other Common Area and
facilities provided by the Association for the common use of tenants of the Business Center and their officers, agents, employees, and customers shall at all times be subject to the exclusive control and management of the Association and the
Association shall have the right from time to time to establish, modify and enforce reasonable rules and regulations with respect to the use of all such Common Area and facilities. The Association shall have the right to operate and maintain the
same in such manner as the Association, in its sole discretion, shall determine from time to time, including without limitation the right to employ all personnel and to make all rules and regulations pertaining to and necessary for the proper
operation and maintenance of said Common Area and facilities. The Association shall have the exclusive right at any and all times to close any portion of the Common Area for the purpose of making repairs, changes or additions thereto and may change
the size, area or arrangement of the parking areas or the lighting thereof within or adjacent to the existing areas and may enter into agreements with adjacent owners for cross-easements for parking, ingress or egress. In the event that the lighting
controls for the Common Area shall be located in the Demised Premises, then the Association in such event shall have the right to enter the Demised Premises of Tenant for the purpose of adjusting or otherwise dealing with the said controls as
required. 

  

	9.2	EMPLOYEE PARKING AREA. Tenant and its employees shall park their motor vehicles in such areas as Landlord shall from time to time designate as employee parking areas.

 ARTICLE X 
 EMINENT DOMAIN 
  

	10.1	PARTIAL TAKING. If a portion of the Demised Premises shall be taken as herein provided for public improvements or otherwise under the exercise of the right of eminent domain
and the Demised Premises shall continue to be reasonably suitable for the use which is herein authorized, then the Rent herein provided shall be reduced from the date of such taking in direct proportion to the reduction in usefulness of the Demised
Premises. 

  

	10.2	 SUBSTANTIAL TAKING. If the real estate hereby leased or a part thereof sufficient to render the Demised Premises wholly unfit for the use herein authorized
shall be condemned or acquired by grant or otherwise, for the widening of streets or for other public improvements, or shall otherwise be taken in the exercise of the right of eminent domain, Tenant shall have the right, at Tenant’s option, to
terminate and cancel this 

  

 13 

	 	 
Lease on thirty (30) days written notice to Landlord, and, under this Article, Tenant shall be liable only for Rents and other charges accrued and
earned to the date of surrender of possession of said premises to Landlord and for the performance of other obligations maturing prior to said date. 

  

	10.3	AWARD. Tenant shall not be entitled to participate or receive any part of the damages or award which may be paid to or awarded Landlord by reason of a taking under this
Article except where said award shall provide for moving or other reimbursable expenses for the Tenant under applicable statute in which event the latter sum shall be received by Tenant. 

 ARTICLE XI 
 GENERAL PROVISIONS 

  

	11.1	LANDLORD’S RIGHT OF ENTRY. Landlord reserves the right at all reasonable times during the term of this Lease, and at all times during emergencies, for Landlord or
Landlord’s agents to enter the Demised Premises for the purpose of inspecting or examining the same, or to show the same to prospective purchasers or tenants, and to make such repairs, alterations, improvements or additions as Landlord may deem
necessary or desirable. During the ninety (90) days prior to the expiration of the term of this Lease or any renewal term, Landlord may exhibit the Demised Premises with prior notice to Tenant and so as not to interfere with regular use of the
space, to prospective tenants or purchasers, and place upon the Demised Premises the usual notices advertising the Demised Premises for sale or lease, as the case may be, which notices Tenant shall permit to remain thereon without molestation. If
Tenant shall not be personally present to open and permit an entry into said premises, at any time, when for any reason an entry therein shall be necessary or permissible, Landlord or Landlord’s agents may enter the same by a master key or may
forcibly enter the same, without rendering Landlord or such agents liable therefore, and without in any manner affecting the obligations and covenants of this Lease. Nothing herein contained, however, shall be deemed or construed to impose upon
Landlord any obligation, responsibility or liability whatsoever for the care, maintenance or repair of the Building or any part thereof, except as otherwise herein specifically provided. 

  

	11.2	QUIET ENJOYMENT. Landlord agrees that, if the Rent is being paid in the manner and at the time prescribed and the covenants and obligations of Tenant being all and singular
kept, fulfilled, and performed, Tenant shall lawfully and peaceably have, hold, possess, use and occupy and enjoy the Demised Premises so long as this Lease remains in force, without hindrance, disturbance, or molestation from Landlord, subject to
the specific provisions of this Lease. 

  

	11.3	RELOCATION OF TENANT. Circumstances may arise in which Landlord shall find it necessary, advisable or advantageous to relocate Tenant, either temporarily or permanently, to
another floor or area of the Building in which the Demised Premises are located. In such circumstances, and only after thirty (30) days’ written notice to Tenant, Landlord, at Landlord’s expense, may relocate Tenant to another
location in the Building. Such relocation shall be conducted in a manner designed to minimize interference with Tenant’s daily business or operations. The relocation site shall be of equal size and comparable accessibility. Tenant and Landlord
shall execute an amendment hereto reflecting the change in the description of the premises leased. 

  

	11.4	WAIVER. Waiver by Landlord of any default, breach or failure of Tenant under this Lease shall not be construed as a waiver of any subsequent or different default,
breach or failure. In case of a breach by Tenant of any of the covenants or undertakings of Tenant, Landlord nevertheless may accept from Tenant any payment or payments hereunder without in any way waiving Landlord’s right to exercise the right
of re-entry hereinbefore provided for by reason of any other breach or lapse which was in existence at the time such payment or payments were accepted by Landlord. 

  

	11.5	TRADE FIXTURES. At the expiration of this Lease or renewal thereof, provided Tenant is not in default, Tenant shall have the right to remove any trade fixtures installed by
Tenant on the Demised Premises and shall repair any damage to the Demised Premises caused by such removal. Notwithstanding the foregoing, Landlord shall have a lien upon said fixtures, or any additions thereto, during the term as security for the
faithful performance by Tenant of the conditions required of it. 

  

 14 

	11.6	SUBORDINATION. Upon request of Landlord, Tenant shall subordinate its right hereunder to the lien of any mortgage or mortgages, or the lien resulting from any other method of
financing or refinancing now or hereafter in force against the real estate and/or Building of which the Demised Premises are a part or against any Buildings hereafter placed upon said real estate of which the Demised Premises are apart.

  

	11.7	NOTICES. Any notice or demand which Landlord may desire or be required to give to Tenant shall be in writing, may be issued by Landlord’s agent or representative, and
shall be deemed sufficiently given or rendered if delivered personally to Tenant or any of Tenant’s employees or agents at the Demised Premises, or if sent by certified or registered United States mail, postage prepaid, addressed to Tenant at
the Demised Premises, and any such notice or demand shall be deemed to have been given at the time when it is personally delivered or three (3) days subsequent to mailing. Any notice or demand by Tenant to Landlord shall be in writing and must
be served by certified or registered United States mail, postage prepaid, addressed to Landlord at: c/o Horizon West Property Management, Inc., 760 Whalers Way, Building A, Suite #200, Fort Collins, CO 80525. Either party shall have
the right to change its address for notice by giving notice as provided above. 

  

	11.8	FINANCIAL REPORTS. As an inducement to Landlord to enter into this Lease, Tenant shall provide Tenant’s most recent financial statement for Landlord’s review prior
to Landlord’s execution of this Lease. During the term of this Lease or any extensions thereof, Landlord may reasonably request Tenant to provide its most recent financial statement. Said request shall be in writing and Tenant shall submit the
requested financial information to Landlord within fifteen (15) days after said request is delivered to Tenant. Landlord reserves the right to request that any financial information provided is in a format reasonably acceptable to Landlord.
Landlord agrees that it will not disclose any aspect of Tenant’s financial information which Tenant designates as confidential, except (a) to Landlord’s mortgagee or prospective purchasers of the Building; (2) in litigation
between Landlord and Tenant; or (3) if required by court order. 

  

	11.9	RECORDING. Tenant, upon request of Landlord, shall join the execution of a memorandum of this Lease for the purpose of recordation. Such memorandum shall describe the
parties, the Demised Premises, the term of this Lease, and any security interest granted in this Lease, and shall incorporate this Lease by reference and include such other portions which Landlord deems appropriate to effectuate the purpose of such
recordatioan. 

  

	11.10	AMENDMENT. Oral agreements in conflict with any of the terms of this Lease shall be without force and effect. All amendments are to be in writing executed by the parties or
their respective successors in interest. 

  

	11.11	DOCUMENTATION. Tenant does covenant and agree to execute and deliver to Landlord within ten (10) days from the date of request thereof, such supplemental documents as
may be required by Landlord or Landlord’s lender in connection with this Lease, including estoppel certificates in a form required by Landlord or Landlord’s lender, which certificates may include information as to any modifications of this
Lease, dates of commencement of term and termination date of Lease, that Lease is in full force and effect and that Landlord is not in default of any terms hereof. 

  

	11.12	HOLDING OVER - DOUBLE LAST MONTH’S RENT. If Tenant remains in possession of the Demised Premises after the termination of this Lease, whether by expiration of the Lease
term or otherwise, without a written agreement as to such possession, Tenant shall be deemed a month-to-month tenant. The minimum monthly Rent during such holdover tenancy shall be two hundred percent (200%) the monthly Minimum Rent paid for
the tenancy under this Lease prior to said expiration or termination. No holding over by Tenant shall operate to renew or extend this Lease without the written consent of Landlord to such renewal or extension having been first obtained. Tenant shall
indemnify Landlord against loss or liability resulting from the delay by Tenant in surrendering possession of the Demised Premises including, without limitation, any claims made by a succeeding tenant with regard to any succeeding occupancy caused
by such holdover period. 

  

 15 

	11.13 	WAIVER OF JURY TRIAL. To the maximum extent permitted by law, Landlord and Tenant each waive right to trial by jury in any litigation arising out of or with respect to this
Lease. 

  

	11.14 	CONTROLLING LAW. This Lease and all terms hereunder shall be construed consistent with the Laws of the State of Colorado. 

  

	11.15 	TIME OF THE ESSENCE. Time is of the essence with respect to the performance of each and every provision of this Lease. 

  

	11.16 	NO PARTNERSHIP. It is understood that Landlord does not in any way or purpose become a partner or joint venturer with Tenant in the conduct of Tenant’s business.

  

	11.17 	PARTIAL INVALIDITY. If any term or condition of this Lease or the application thereof to any person or event shall to any extent be invalid and unenforceable, the remainder
of this Lease in the application of such term, covenant, or condition to persons or events other than those to which it is held invalid or unenforceable shall not be affected and each term, covenant, and condition of this Lease shall be valid and be
enforced to the fullest extent permitted by law. 

  

	11.18 	SUCCESSORS. The provisions, covenants, and conditions of this Lease shall bind and inure to the benefit of the legal representatives, successors and assigns of each of the
parties, except that no assignment or subletting by Tenant shall be permitted without the written consent of Landlord. 

  

	11.19 	DISCLAIMER. This Lease has important legal consequences to the parties, and each of the parties should consult legal, tax or other appropriate counsel before signing. Each of
the parties acknowledges, represents and warrants that it has been advised to seek independent legal representation concerning the transaction contemplated by this Lease, and that such party has sought such counsel or has made its own, independent
determination that such counsel is not necessary. Each of the parties acknowledges, represents and warrants that it has not relied upon any statement or representation made by the other party, or by officers, employees or agents of the other party
(including, without limitation, any property manager or leasing agent for such party) with respect to the legal consequences of the transaction contemplated by this Lease or of any particular term, condition or provision of this Lease.

  

	11.20 	ADDITIONAL PROVISIONS. 

  

	 	A.	OPTION TO RENEW. Provided that (a) this Lease is in full force and effect, (b) Tenant is unchanged and is itself operating its business in the whole of the Demised
Premises, Tenant hereby acknowledging that the rights conferred by this Section 11.20A are personal to Tenant, and (c) Tenant is not in default under this Lease both at the time of exercise of this option and at the time the renewal term
is scheduled to commence, Tenant shall be given the option to renew this Lease (the “Option”) for one (1) additional term of six (6) months (the “Option Period”). 

 The Option Period shall commence on the date and hour following the original fixed expiration date. The tenancy resulting from the exercise of the Option
shall be upon the same terms and conditions as set forth in this Lease except that the monthly Minimum Rent for the Option Period shall be Seven Hundred Fifty Eight and 00/100 ($758.00) per month. 
 Subject to the foregoing, the Option may be exercised upon Tenant’s giving Landlord written notice thereof, in accordance with Section 11.7 of
this Lease, no earlier than May 1,2009 nor later than May 31,2009, time being of the essence with respect to Tenant’s exercise thereof. If (1) Tenant does not exercise the Option during the period when the Option is available, or
(2) this Lease is no longer in full force and effect for any reason, Tenant shall have no further option to extend the Lease Term. 
  

 16 

 IN WITNESS WHEREOF, this Lease has been executed effective the day and year first above written.

 LANDLORD: 
 HORIZON WEST PROPERTY MANAGEMENT, INC.,
a Colorado corporation, 
 as agent for Owner 
  

									
					
	BY:	 	/s/ David Veldman	 		 		 	12/30/08
		 	David Veldman, VP	 		 		 	Date

  

									
	TENANT:	 		 	
	LIONBRIDGE US, INC. a Delaware corporation	 		 	
					
	BY:	 	/s/ Satish Maripuri	 		 		 	12/28/08
		 		 		 		 	Date
	TITLE:	 	Chief Operating Officer	 		 		 	

  

 17 

 EXHIBIT “A” ATTACHED TO AND MADE A PART OF THE LEASE AGREEMENT BETWEEN HORIZON WEST PROPERTY
MANAGEMENT, INC. (LANDLORD), AS AGENT FOR MORGAN HOLDINGS, LLC, GRATEFULDV, LLC, AND DNT TIMBERLINE LAKES, LLC, AND LIONBRIDGE US, INC. (TENANT). 
 DEMISED PREMISES 
 760 Whalers Way, Building C, Suite 110 
 Fort Collins, Colorado 
 [Schamatic
Provided] 
  

 18 

 EXHIBIT “B” ATTACHED TO AND MADE A PART OF THE LEASE AGREEMENT BETWEEN HORIZON WEST PROPERTY
MANAGEMENT, INC. (LANDLORD), AS AGENT FOR MORGAN HOLDINGS, LLC, GRATEFULDV, LLC, AND DNT TIMBERLINE LAKES, LLC, AND LIONBRIDGE US, INC. (TENANT). 
 TENANT FINISH SPECIFICATIONS 
 None. 
  

 19

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