Document:

Exhibit 10.1

Exhibit 10.1

FOURTH AMENDMENT TO OFFICE LEASE 

THIS FOURTH AMENDMENT TO OFFICE LEASE (this “Amendment”) is made as of the 6th day of June,
2011 (the “Effective Date”) by and between DUKE REALTY LIMITED PARTNERSHIP, an Indiana limited
partnership doing business in North Carolina as Duke Realty of Indiana Limited Partnership
(“Landlord”), and SCIQUEST, INC., a Delaware corporation (“Tenant”).

W I T N E S S E T H:

WHEREAS, Landlord and Tenant heretofore entered into that certain Office Lease dated May 17,
2005 for the lease of approximately 21,244 rentable square feet known as Suite 200 (the “Original
Premises”); and

WHEREAS, the Lease was amended by that certain First Amendment to Office Lease dated February
21, 2008 (the “First Amendment”) which added approximately 3,229 rentable square feet (the “First
Expansion Space”); and

WHEREAS, the Lease was further amended by that certain Second Amendment to Office Lease dated
February 27, 2008 (the “Second Amendment”); and

WHEREAS, the Lease was further amended by that certain Third Amendment to Office Lease dated
October 20, 2010 (the “Third Amendment”) which added approximately 12,963 rentable square feet
(“Suite 190”) and provided for the further expansion of Tenant into approximately 7,224 rentable
square feet (“Suite 250”) which would not commence until January 1, 2014 (the First Amendment,
Second Amendment and Third Amendment collectively referred to as the “Lease”); and

WHEREAS, the Original Premises, the First Expansion Space and Suite 190 shall collectively
total approximately 37,436 rentable square feet (collectively the “Existing Premises”) located in
the building (the “Building”) located at 6501 Weston Parkway, Cary, North Carolina 27513, within
that certain complex known as Weston Corporate Park (the “Park”), which space is more particularly
described in the Lease; and

WHEREAS, Landlord and Tenant desire to further expand the Existing Premises by approximately
3,935 rentable square feet (“Suite 175A”).

NOW, THEREFORE, for and in consideration of Ten and No/100 Dollars ($10.00) and other good and
valuable consideration in hand paid by each party hereto to the other, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto do hereby agree as follows:

1. Incorporation of Recitals and Definitions. The above recitals are hereby
incorporated into this Amendment as if fully set forth herein. All capitalized terms used herein
but undefined shall have the meaning as defined in the Lease.

2. Amendment of Article 1. Lease of Premises.

(I.) Commencing as of the date (the “Suite 175A Expansion Date”) that Substantial Completion
(as defined in Exhibit B hereto) of the Suite 175A Improvements (as defined below) occurs,
the following paragraphs of Article 1, Section 1.01 of the Lease are hereby amended
as follows:

“(a) Leased Premises. The Lease is hereby amended by substituting Amended Exhibit A,
attached hereto and incorporated herein by reference, on which the Existing Premises are
striped and Suite 175A is cross-hatched, in lieu of Exhibit A attached to the Lease. The
Existing Premises and Suite 175A shall collectively hereinafter be referred to as the “Leased
Premises” under the Lease.

 

 

 

(b) Rentable Area.

Existing Premises: approximately 37,436 rentable square feet

Suite 175A: approximately 3,935 rentable square feet

Leased Premises: approximately 41,371 rentable square feet

(c) Tenant’s Proportionate Share.

Existing Premises: 39.83%

Suite 175A: 4.19%

Leased Premises: 44.02%

(d) Minimum Annual Rent.

Suite 175A:

	 	 	 	 	 
	09/01/2011 – 12/31/2011
	 	$	0.00	(4 months)
	01/01/2012 – 06/30/2012
	 	$	0.00	(6 months)
	07/01/2012 – 01/31/2013
	 	$	44,117.92	(7 months)
	02/01/2013 – 01/31/2014
	 	$	77,519.52	 
	02/01/2014 – 01/31/2015
	 	$	79,447.68	 
	02/01/2015 – 01/31/2016
	 	$	81,454.56	 
	02/01/2016 – 01/31/2017
	 	$	83,461.32	 

In the event that the Suite 175A Expansion Date occurs prior to September 1, 2011, then Tenant
shall be entitled to occupy Suite 175A, and Minimum Annual Rent shall abate for the period between
the Suite 175A Expansion Date and September 1, 2011. In the event that the Suite 175A Expansion
Date occurs later than September 1, 2011, for reasons other than Tenant Delay or Force Majeure,
then the end date of the ten (10) months of abated Minimum Annual Rent and start date of the first
Minimum Annual Rent payment shall be adjusted accordingly (no other dates shall be affected). In
the event the Suite 175A Expansion Date occurs later than September 1, 2011 due to Force Majeure,
all of the dates contained in the foregoing schedule shall be adjusted accordingly. The foregoing
schedule shall be in addition to, and not in derogation of, the Minimum Annual Rent for the
Existing Premises and the Third Expansion Space set forth in the Lease.

(e) Monthly Rental Installments.

Suite 175A:

	 	 	 	 	 
	09/01/2011 – 12/31/2011
	 	$	0.00	 
	01/01/2012 – 06/30/2012
	 	$	0.00	 
	07/01/2012 – 01/31/2013
	 	$	6,302.56	 
	02/01/2013 – 01/31/2014
	 	$	6,459.96	 
	02/01/2014 – 01/31/2015
	 	$	6,620.64	 
	02/01/2015 – 01/31/2016
	 	$	6,787.88	 
	02/01/2016 – 01/31/2017
	 	$	6,955.11	 

 

 

 

In the event that the Suite 175A Expansion Date occurs prior to September 1, 2011, then Tenant
shall be entitled to occupy Suite 175A, and Minimum Annual Rent shall abate for the period between
the Suite 175A Expansion Date and September 1, 2011. In the event that the Suite 175A Expansion
Date occurs later than September 1, 2011, for reasons other than Tenant Delay or Force Majeure,
then the end date of the ten (10) months of abated Minimum Annual Rent and start date of the first
Minimum Annual Rent payment shall be adjusted accordingly (no other dates shall be affected). In
the event the Suite 175A Expansion Date occurs later than September 1, 2011 due to Force Majeure,
all of the dates contained in the foregoing schedule shall be adjusted accordingly. The foregoing
schedule shall be in addition to, and not in derogation of, the Monthly Rental Installments for the
Existing Premises and the Third Expansion Space set forth in the Lease.

(f) Base Year: 2011 for Suite 175A.

(g) Target Suite 175A Expansion Date: September 1, 2011.

(h) Lease Term. The Lease is hereby modified to reflect that the Lease Term for Suite 175A
shall commence on the Suite 175A Expansion Date and shall continue for a period of five (5) years
and five (5) months (the “Suite 175A Expansion Term”) which shall be coterminous with the Lease
Term.”

(II.) Commencing on January 1, 2014 (the “Suite 250 Expansion Date” or the “Third Expansion
Date”), the following paragraphs of Article 1, Section 1.01 of the Lease are hereby amended as
follows:

(a) Leased Premises. The Lease is hereby amended by substituting Further Amended Exhibit
A, attached hereto and incorporated herein by reference, on which the Existing Premises and
Suite 175A are striped and Suite 250 (also known as the Third Expansion Space) is cross-hatched, in
lieu of Amended Exhibit A attached to the Lease. The Existing Premises, Suite 175A and
Suite 250 shall collectively hereinafter be referred to as the “Leased Premises” under the Lease.

(b) Rentable Area.

Existing Premises and Suite 175A: approximately 41,371 rentable square feet

Suite 250: approximately 7,224 rentable square feet

Leased Premises: approximately 48,595 rentable square feet

(c) Tenant’s Proportionate Share.

Existing Premises and Suite 175A: 44.02%

Suite 250: 7.69%

Leased Premises: 51.71%

Except as specifically modified by this Amendment, all terms and conditions of the Third
Amendment shall remain in full force and effect, including without limitation provisions relating
to the payment of all Minimum Annual Rent and Additional Rent for Suite 250 (also known as the
“Third Expansion Space”).

3. Construction of Suite 175A Improvements. Landlord shall construct and install all
leasehold improvements to Suite 175A (the “Suite 175A Improvements”) in accordance with Exhibit
B attached hereto and made a part hereof. Landlord shall use reasonable speed and diligence to
Substantially Complete the Suite 175A Improvements on or before the Target Suite 175A Expansion
Date.

 

 

 

4. Allowance for Suite 175A. On or before the Suite 175A Expansion Date,
Landlord shall pay to Tenant (or Tenant’s designee) the amount of Fifty-Five Thousand Ninety and
00/100 Dollars ($55,090.00) for use by Tenant in connection with the Suite 175A Improvements.
Tenant acknowledges and agrees, however, that the construction and installation of the 175A
Improvements shall be subject to and performed in accordance with the Lease. Notwithstanding the
foregoing, Tenant shall not be required to pay Landlord’s affiliate a construction oversight fee
for any alterations to the Existing Premises which Tenant uses the Allowance to pay for, provided,
however, Tenant uses contractors approved by Landlord (whose approval shall not be unreasonably
withheld, conditioned or delayed), Tenant provides Landlord with “as built” drawings for any
modifications or written specifications, if as-builts are not applicable, Tenant provides Landlord
with its contractor’s evidence of insurance prior to making such alterations and Tenant notifies
Landlord prior to making such alterations. Notwithstanding anything herein to the contrary, Tenant
shall be under no obligation to undertake the Suite 175A Improvements unless it elects, in its sole
discretion, to do so, and Landlord will not be entitled to a refund of any of the Allowance.
Furthermore, Tenant will not need to provide Landlord with an accounting of the use of the
Allowance, provided it complies with the terms and conditions of the Least and this Amendment.

5. Representations and Warranties.

(a) Tenant represents and warrants to Landlord that (i) Tenant is duly organized, validly
existing and in good standing in accordance with the laws of the state under which it was organized
and if such state is not the state in which the Leased Premises is located, that it is authorized
to do business in such state; (ii) all action necessary to authorize the execution of this
Amendment has been taken by Tenant; and (iii) the individual executing and delivering this
Amendment on behalf of Tenant has been authorized to do so, and such execution and delivery shall
bind Tenant. Tenant, at Landlord’s request, shall provide Landlord with evidence of such
authority.

(b) Landlord represents and warrants to Tenant that (i) Landlord is duly organized, validly
existing and in good standing in accordance with the laws of the state under which it was organized
and if such state is not the state in which the Leased Premises is located, that it is authorized
to do business in such state; (ii) all action necessary to authorize the execution of this
Amendment has been taken by Landlord; and (iii) the individual executing and delivering this
Amendment on behalf of Landlord has been authorized to do so, and such execution and delivery shall
bind Landlord. Landlord, at Tenant’s request, shall provide Tenant with evidence of such
authority.

6. Brokers. Except for Synergy Commercial Advisors, whose commission shall be paid by
Landlord, Landlord and Tenant each represents and warrants to the other that neither party has
engaged or had any conversations or negotiations with any broker, finder or other third party
concerning the matters set forth in this Amendment who would be entitled to any commission or fee
based on the execution of this Amendment. Landlord and Tenant each hereby indemnifies the other
against and from any claims for any brokerage commissions and all costs, expenses and liabilities
in connection therewith, including, without limitation, reasonable attorneys’ fees and expenses,
for any breach of the foregoing. The foregoing indemnification shall survive the termination of
the Lease for any reason.

7. Examination of Amendment. Submission of this instrument for examination or
signature to Tenant does not constitute a reservation or option, and it is not effective until
execution by and delivery to both Landlord and Tenant.

8. Incorporation. This Amendment shall be incorporated into and made a part of the
Lease, and all provisions of the Lease not expressly modified or amended hereby shall remain in
full force and effect. As amended hereby, the Lease is hereby ratified and confirmed by Landlord
and Tenant. To the extent the terms hereof are inconsistent with the terms of the Lease, the terms hereof shall
control.

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the
date first set forth above.

	 	 	 	 	 	 	 	 	 	 	 
	 	 	LANDLORD:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	DUKE REALTY LIMITED PARTNERSHIP,

an Indiana limited partnership doing business in North
Carolina as Duke Realty of Indiana Limited Partnership	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	By:	 	Duke Realty Corporation, 
its General Partner	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Dated: June 6, 2011
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	/s/ Jeffrey B. Sheehan	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Jeffrey B. Sheehan	 	 
	 	 	 	 	 	 	Senior Vice President 

Raleigh	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	TENANT:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	SCIQUEST, INC., a Delaware corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	Dated: June 3, 2011	 	 	 	By:	 	/s/ Jennifer Kaelin	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	Jennifer Kaelin	 	 
	 

	 	 	 	 	 	Title:
	 	VP Financeexv10w1

Exhibit 10.1

HORIZON LINES, INC.

Restricted Stock Units Award Agreement

     THIS RESTRICTED STOCK UNITS AWARD AGREEMENT, dated as of this ____ day of June, 2011, between
Horizon Lines, Inc., a Delaware corporation (the “Company”) and _____________________ (the
“Participant”), is made pursuant and subject to the provisions of the Company’s 2009 Incentive
Compensation Plan (the “Plan”). The Plan, as it may be amended from time to time, is incorporated
herein by reference. All terms used herein that are defined in the Plan shall have the same
meanings given them in the Plan.

     1. Award of Restricted Stock Units. Pursuant to the Plan, on June 2, 2011 the Participant was
granted ______ restricted stock units (the “Restricted Stock Units”) subject to the terms and
conditions of the Plan and subject further to the restrictions, terms and conditions herein set
forth.

     2. Terms and Conditions. The award of Restricted Stock Units hereunder is subject to the
following terms and conditions:

          (a) Vesting. Except as provided in paragraph 3 or 5, this award of Restricted Stock Units
shall vest on June 2, 2012 (the “Vesting Date”) if the Participant remains in continuous service as
a member of the Board to the Vesting Date.

          (b) Payment. Except as provided in paragraph 3, the Participant’s vested Restricted Stock
Units shall be paid as soon as administratively practicable (but in any event within thirty (30)
days) following the date on which the Participant ceases to perform services as a member of the
Board (the “Separation from Service Date”). The amount payable shall be equal to the product of
(i) the Restricted Stock Units and (ii) the Fair Market Value of Company Stock on the Separation
Date from Service Date, and shall be paid in a single lump sum cash payment.

     3. Death, Disability, or Retirement. The Restricted Stock Units shall become fully vested (if
not previously vested) if the Participant dies, is determined by the Board to be Disabled or has a
Retirement from the Board (each, an “Special Payment Event”), and shall be paid as soon as
administratively practicable (but in any event within thirty (30) days) following the Special
Payment Event. The amount payable shall be equal to the product of (i) the Restricted Stock Units
and (ii) the Fair Market Value of Company Stock on the date of the Special Payment Event, and shall
be paid in a single lump sum cash payment. “Retirement” means, for purposes of this Agreement, the
Participant’s cessation of services as a member of the Board after approval by the Board of the
Participant’s termination of membership on the Board. Disability shall be determined in accordance
with the terms of the Plan.

1

 

     4. Forfeiture. All Restricted Stock Units that are not vested on the Participant’s Separation
from Service Date shall be forfeited and the Participant shall not be entitled to any payment
hereunder.

     5. Change of Control. Notwithstanding any other provision of this Agreement to the contrary,
the Restricted Stock Units shall become fully vested (if not previously vested) in the event of a
Change of Control and shall be payable in accordance with paragraph 2(b) above.

     6. Unforseeable Emergency. Upon written approval of the Board, a Participant may be permitted
to receive payment of all or part of his vested Restricted Stock Units if the Board determines that
the Participant has suffered an Unforeseeable Emergency. For purposes of this Agreement,
“Unforseeable Emergency” means a severe financial hardship of the Participant resulting from an
illness or accident of the Participant, the Participant’s spouse, the Participant’s beneficiary or
a dependent (as defined in Code Section 152 without regard to Code Section 152(b)(1), (b)(2), and
(d)(1)(B)), loss of the Participant’s property due to casualty (including the need to rebuild a
home not otherwise covered by insurance), or other similar extraordinary and unforeseeable
circumstances arising as a result of events beyond the control of the Participant. The amount
distributed may not exceed the amount necessary to satisfy the Unforeseeable Emergency plus amounts
necessary to pay taxes reasonably anticipated as a result of the distribution. A distribution on
account of Unforeseeable Emergency may not be made to the extent that such emergency (i) is or may
be relieved through reimbursement or compensation by insurance or otherwise, or (ii) by liquidation
of the Participant’s assets (to the extent the liquidation of such assets would not itself cause
severe financial hardship).

     7. Change in Capital Structure. The number of Restricted Stock Units covered by this
Agreement shall be proportionately adjusted for any increase or decrease in the number of issued
shares of Company Stock resulting from a subdivision or consolidation of shares or the payment of a
stock dividend (but only on the Company Stock), a stock split-up or any other increase or decrease
in the number of such shares effected without receipt of cash or property or labor or services by
the Company.

     In the event of a change in the Company Stock as presently constituted, which is limited to a
change of all of its authorized shares with par value into the same number of shares with a
different par value or without par value, the shares resulting from any such change shall be deemed
to be the Company Stock within the meaning of the Plan.

     The award of these Restricted Stock Units pursuant to the Plan shall not affect in any way the
right or power of the Company to make adjustments, reclassifications, reorganizations or changes of
its capital or business structure or to merge or to consolidate or to dissolve, liquidate or sell,
or transfer all or any part of its business or assets.

     8. No Right to Continued Board Service. This Agreement does not confer upon the Participant
any right with respect to continuance of service on the Board.

2

 

     9. Governing Law. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the state of North Carolina.

     10. Conflicts. In the event of any conflict between the provisions of the Plan and the
provisions of this Agreement, the provisions of the Plan shall govern.

     11. Participant Bound by Plan. Participant hereby acknowledges receipt of a copy of the Plan
and agrees to be bound by all the terms and provisions thereof.

     12. Binding Effect. Subject to the limitations stated herein and in the Plan, this Agreement
shall be binding upon and inure to the benefit of the legatees, distributees and personal
representatives of Participant and the successors of the Company.

     13. Section 409A. It is intended that the Restricted Stock Units granted under this Agreement
comply in all respects with the requirements of Code Section 409A and the applicable U.S. Treasury
Regulations and other generally applicable guidance issued thereunder (collectively, the
“Applicable Regulations”), and this Restricted Stock Unit Agreement shall be interpreted for all
purposes in accordance with that intent. In the event that the amounts payable under this
Agreement are subject to any taxes, penalties or interest under the Applicable Regulations, the
Participant shall be solely liable for the payment of any such taxes, penalties or interest.

     IN WITNESS WHEREOF, the Company has caused this Agreement to be signed by a duly authorized
officer, and Participant has affixed his signature hereto.

HORIZON LINES, INC.

	 	 	 	 	 
	 	 
	By:  	
 	 
	 

PARTICIPANT

	 	 	 	 	 
	
 	 
	[insert director name] 	 
	 	 

3

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