Document:

exv10w1

Exhibit 10.1

AGREEMENT OF LEASE

Landmark Towers

Saint Paul, Minnesota

     THIS AGREEMENT OF LEASE (this “Lease”) is made and entered into effective as of
__________________________, 2011 (the “Effective Date”) by and between A.CUSENZA-LANDMARK
TOWERS LLC, INEICHEN-LANDMARK TOWERS LLC, PLASTIC-LANDMARK TOWERS LLC, CATTANEO-LANDMARK TOWERS
LLC, DND-LANDMARK TOWERS LLC, CHAIKIN-LANDMARK TOWERS LLC, HOWELLS-LANDMARK TOWERS LLC,
GARCIA-LANDMARK TOWERS LLC, KARLESKINT-LANDMARK TOWERS LLC, USALIS-LANDMARK TOWERS LLC,
CUSENZA-LANDMARK TOWERS LLC, SENSENBAUGH-LANDMARK TOWERS LLC, PAREDERO-LANDMARK TOWERS LLC,
BAINTER-LANDMARK TOWERS LLC, SMG-LANDMARK TOWERS LLC, L. O’DONNELL-LANDMARK TOWERS LLC, M.
O’DONNELL-LANDMARK TOWERS LLC, PILLSBURY-LANDMARK TOWERS LLC, BARRY-LANDMARK TOWERS LLC,
R&R-LANDMARK TOWERS LLC, SHARP-LANDMARK TOWERS LLC, ETZEL-LANDMARK TOWERS LLC, MAXWELL-LANDMARK
TOWERS LLC, VENTURI-LANDMARK TOWERS LLC, BRUNDIDGE-LANDMARK TOWERS LLC, SGB-LANDMARK TOWERS LLC,
EDWARDS-LANDMARK TOWERS LLC, AND BSITES-LANDMARK TOWERS LLC, each a Delaware limited liability
company (“Landlord”), their successors and assigns, acting by and through TNPPM LANDMARK,
LLC (“Agent” for Landlord), wholly-owned by TNP Property Manager, LLC and GREEN TREE
SERVICING LLC, a Delaware limited liability company (“Tenant”).

     WHEREAS, a twenty-five story building has been constructed upon certain real estate located in
downtown Saint Paul, Ramsey County, Minnesota, at 345 St. Peter Street, known as the Landmark
Towers (the “Building”). Pursuant to the Amhoist/Park Towers/Ramp Condominium Declaration
(the “Master Condominium Declaration”), such real estate was subjected to the provisions of
the Uniform Condominium Act as adopted in Minnesota, thereby creating a condominium (the
“Master Condominium”) of three units; Unit 1, the Ramp Condominium, including the parking
ramp (the “Ramp Condominium”); Unit 2, the Amhoist Tower Condominium, which includes
office/commercial units (the “Landmark Towers Condominium”); and Unit 3, the Park Towers
Condominium, which includes seventeen residential units and ten office/commercial units (the
“Park Towers Condominium”). Landlord owns certain units of the Landmark Towers Condominium
and the Park Towers Condominium, including the Premises (collectively, the “Project”).

     WHEREAS, each of the three units of the Master Condominium are, in turn, subject to the
provisions of such Uniform Condominium Act pursuant to the terms of the Ramp Condominium
Declaration, the Amhoist Tower Condominium Declaration (referred to below as the “Landmark Towers
Condominium Declaration”) and the Park Towers Condominium Declaration.

     WHEREAS, Landlord desires to lease to Tenant the portion of the Landmark Towers Condominium
hereinafter described, and Tenant desires to lease the same from Landlord.

     NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:

     1. PREMISES. Landlord leases to Tenant, and Tenant rents from Landlord, those certain suites
located in the Landmark Towers Condominium described and shown on the attached Exhibit A,
consisting of a total of approximately 112,560 rentable square feet (as defined herein). Said
portion of the Landmark Towers Condominium is collectively referred to herein as the
“Premises”. The approximately

1

 

11,597 rentable square feet portion of the Premises located on the tenth (10th) floor of
the Building is hereinafter referred to as the “10th Floor Premises”.

     2. TERM. The initial term (“Lease Term” or “Term”) of this Lease shall be for
a period of seventy-eight (78) months and shall commence on July 1, 2011 and expire on December 31,
2017 (the “Expiration Date”).

     3. BASE RENT. Tenant shall pay to Landlord, during the initial Lease Term, at the address
designated in this Lease for service of Notice upon Landlord, or at such other place as Landlord
may designate in writing to Tenant, as monthly base rent (“Rent”), exclusive of any other
charge to be paid by Tenant, in consecutive monthly installments, in advance, without any
deduction or setoff whatsoever, on the first day of each calendar month throughout the Term of the
Lease and pro-rata for any partial month during the Lease Term, the following:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Annual	 	 	 	 	 	 
	 	 	Total	 	Base Rent	 	 	 	 	 	 
	 	 	Square	 	per Square	 	# of	 	Monthly Base	 	Base Rent for
	 	 	Feet	 	Foot	 	months	 	Rent	 	Period
	Months 1 - 6
	 	 	100,963	 	 	 	9.50	 	 	 	6	 	 	$	79,929.04	 	 	$	479,574.25	 
	Months 7-18
	 	 	100,963	 	 	 	9.75	 	 	 	12	 	 	$	82,032.44	 	 	$	984,389.25	 
	Months 19-30
	 	 	100,963	 	 	 	10.00	 	 	 	12	 	 	$	84,135.83	 	 	$	1,009,630.00	 
	Months 31-42
	 	 	100,963	 	 	 	10.25	 	 	 	12	 	 	$	86,239.23	 	 	$	1,034,870.70	 
	Months 43-54
	 	 	100,963	 	 	 	10.50	 	 	 	12	 	 	$	88,342.63	 	 	$	1,060,111.50	 
	Months 55-66
	 	 	100,963	 	 	 	10.75	 	 	 	12	 	 	$	90,446.02	 	 	$	1,085,352.20	 
	Months 67-78
	 	 	100,963	 	 	 	11.00	 	 	 	12	 	 	$	92,549.42	 	 	$	1,110,593.00	 

     In addition to the above amounts, Tenant shall pay monthly Base Rent during the Term for the
10th Floor Premises according to the schedule and at the Annual Base rent per square
foot amounts appearing in the table above, beginning upon the earlier to occur of: (i) November 1,
2011, or (ii) upon the date in which the certificate of occupancy for the 10th Floor
Premises is issued by the applicable governmental authority following the substantial completion
of the Improvements described in Exhibit C hereto.

     4. USE OF PREMISES. a. Tenant’s Use. Tenant, its parents, subsidiaries, affiliates
and related entities, but no other person or entity, shall use the Premises for general office
purposes only and for no other purpose. Notwithstanding the foregoing, Tenant shall be allowed to
operate the existing lunchroom located on the Sixth Floor of the Building, subject to Tenant’s
compliance with all conditions set forth in this Section specifically and the Lease in general.
The lunchroom shall be used exclusively for Tenant’s employees, but shall not be operated as a
retail establishment open to the

 

 

general public. Tenant shall not use or occupy the Premises in violation of law or any covenant,
condition or restriction affecting the Building or Project or the Certificate of Occupancy issued
for the Premises, Building or Project, and shall, upon notice from Landlord, immediately
discontinue any use of the Premises which is declared by any governmental authority having
jurisdiction to be a violation of law or any such Certificate of Occupancy, Tenant, at Tenant’s
own cost and expense, shall comply with all laws, ordinances, regulations, rules and/or any
directives of any governmental agencies or authorities having jurisdiction which shall, by reason
of the nature of Tenant’s use or occupancy of the Premises, impose any duty upon Tenant or
Landlord with respect to the Premises or its use or occupation, including obtaining all licenses
and permits required for the operation of Tenant’s business and which are not related to the
operation of the Building. A judgment of any court of competent jurisdiction or the admission by
Tenant in any action or proceeding against Tenant that Tenant has violated any such laws,
ordinances, regulations, rules and/or directives in the use of the Premises shall be deemed to be
a conclusive determination of that fact as between Landlord and Tenant. Tenant shall not do or
permit to be done anything which will invalidate or increase the cost of any fire, extended
coverage or other insurance policy covering the Building or Project and/or property located
therein, and shall comply with all rules, orders, regulations, requirements and recommendations of
the Insurance Services Office or any other organization performing a similar function. Tenant
shall, within ten (10) days after written demand therefor, reimburse Landlord for any additional
premium charged for such policy by reason of Tenant’s failure to comply with the provisions of
this Section. Tenant shall not do or permit anything to be done in or about the Premises which
will in any way obstruct or interfere with the rights of other tenants or occupants of the
Building or Project, or injure or annoy them, including causing excessive noise, odors, or
blocking or obstructing sidewalks, or entrances, or use or allow the Premises to be used for any
immoral or unlawful purpose, nor shall Tenant cause, maintain or permit any nuisance in, on or
about the Premises. Tenant shall not commit or suffer to be committed any waste in or upon the
Premises. Tenant shall not place a load upon the Premises exceeding the average pounds of live
load per square foot of floor area specified for the Building by Landlord’s architect, with the
partitions to be considered a part of the live load. Landlord reserves the right to prescribe the
weight and position of all safes, files, heavy equipment and storage facilities which Tenant
desires to place in the Premises so as to distribute their weight properly.

b. Hazardous Materials.Except for ordinary and general office supplies, such as copier
toner, liquid paper, glue, ink and common household cleaning materials and medical supplies and
medical waste stored, used, handled, and disposed of in compliance with all applicable laws and or
regulations (some or all of which may constitute “Hazardous Materials” as defined in this Lease),
Tenant agrees not to cause or permit any Hazardous Materials to be brought upon, stored, used,
handled, generated, released or disposed of on, in, under or about the Premises, the Building, the
Common Areas or any other portion of the Project by Tenant, its agents, employees, permitted
subtenants, permitted assignees, permitted licensees, contractors or invitees (collectively,
“Tenant’s Parties”), without the prior written consent of Landlord, which consent Landlord
may withhold in its sole and absolute discretion. Upon the expiration or earlier termination of
this Lease, Tenant agrees to promptly remove from the Premises, the Building and the Project, at
its sole cost and expense and in compliance with all applicable requirements, any and all
Hazardous Materials, including any equipment or systems containing Hazardous Materials which are
installed, brought upon, stored, used, generated or released upon, in, under or about the
Premises, the Building and/or the Project or any portion thereof by Tenant or any of Tenant’s
Parties. To the fullest extent permitted by law, Tenant agrees to promptly indemnify, protect,
defend and hold harmless Landlord and Landlord’s members, and their respective members, officers,
directors, employees, agents, successors and assigns (collectively, “Landlord Indemnified
Parties”) from and against any and all claims, damages, judgments, suits, causes of action,
losses, liabilities, penalties, fines, expenses and costs (including, without limitation,
investigation, monitoring, clean..up, removal, remediation and restoration costs, sums paid in
settlement of claims, attorneys’ fees, consultant fees and expert fees and court costs) which
arise or result from the presence of Hazardous Materials on, in, under or about the Premises, the

 

 

Building or any other portion of the Project and which are caused or permitted by Tenant or any of
Tenant’s Parties. In consideration of the foregoing, Landlord for its part also agrees to promptly
indemnify, protect, defend and hold harmless Tenant, its members, officers, directors, employees,
agents successors and assigns (“Tenant Indemnified Parties”) from and against any and all
claims, damages, judgments, suits, causes of action, losses, liabilities, penalties, fines,
expenses, and costs (including, without limitation, investigation, monitoring, clean-up, removal,
remediation, and restoration costs, sums paid in settlement of claims, attorneys’ fees, consultant
fees and expert fees and court costs) which arise or result from the presence of Hazardous
Materials on, in, under or about the Building or Project and which are caused or permitted by
Landlord. Tenant agrees to promptly notify Landlord of any release of Hazardous Materials at the
Premises, the Building or any other portion of the Project which Tenant becomes aware of during
the Term of this Lease, whether caused or permitted by Tenant, Tenant’s Parties or any other
persons or entities. In the event of any release of Hazardous Materials caused or permitted by
Tenant or any of Tenant’s Parties, Landlord shall have the right, but not the obligation, to cause
Tenant to immediately take all steps Landlord deems reasonably necessary and appropriate to
investigate or remediate such release and prevent any similar future release to the satisfaction
of Landlord and Landlord’s mortgagee(s). At all times during the Term of this Lease, upon prior
written notice to Tenant and without interference to Tenant’s business (except in the case of an
emergency), Landlord will have the right, but not the obligation, to enter upon the Premises to
inspect, investigate, sample and/or monitor the Premises to determine if Tenant is in compliance
with the terms of this Lease regarding Hazardous Materials. The provisions of this Subsection
shall survive the expiration or earlier termination of this Lease.

     5. USE OF COMMON AREAS. Tenant shall have the non-exclusive use, in common with others
entitled to use the same, of the portions of the common areas (“Landmark Towers Condominium
Common Areas” or “Common Areas”) of the Landmark Towers Condominium, as described in
the Landmark Towers Condominium Declaration and the Floor Plans attached thereto, which Landlord
elects to provide for the use of all other Tenants of the Landmark Towers. Tenant shall also be
entitled to exclusive use of the outdoor seating area which is located on the sixth floor of the
Building, and the access to which is gained through Tenant’s Premises (the “Deck Area”).

     The term “Common Areas” shall also mean those portions of the Project which are
provided, from time to time, for use in common by Landlord, Tenant and any other tenants of the
Project, which may include, without limitation, public entrances, lobbies and rest rooms, fitness
centers and similar amenities, elevators, stairways and access ways, loading docks, ramps, drives
and platforms and any passageways and service ways thereto, common pipes, conduits, wires and
appurtenant equipment serving the Project or any portion thereof, loading and unloading areas,
trash areas, parking areas, roadways, sidewalks, walkways, parkways, driveways, and landscaped
areas, and other generally understood public or common areas. Landlord shall have the right to
reasonably regulate or restrict the use of the Common Areas. In addition, Tenant shall, at Tenant’s
cost and expense, have the right to store and operate one electric generator in the loading dock
located in the Landmark Towers Condominium Common Areas, as well as the wiring between said
generator and Suite 500 of the Leased Premises. Tenant acknowledges and agrees that its obligation
to indemnify Landlord as provided herein in Sections 4, 7, and 14 of this Lease shall also apply to
the electric generator and its use and maintenance, and to the wiring described above.

     6. RULES AND REGULATIONS. Tenant’s exclusive use of the Premises and non- exclusive use of the
Landmark Towers Condominium Common Areas shall be subject to (a) the terms and conditions of this
Lease; (b) all reasonable rules and regulations prescribed by Landlord from time to time with
respect to the operation of the Landmark Towers Condominium and the Landmark Towers Condominium
Common Areas; and (c) all reasonable rules and regulations adopted pursuant to the Master
Condominium Declaration and/or the Landmark Towers Condominium Declaration.

 

 

     7. TENANT’S WORK. a. Except as provided in this Lease and Exhibit C, Tenant shall not make
alterations, changes, additions or modifications to the Premises made by Tenant
(“Alterations”) to the Premises without obtaining the prior written consent of Landlord,
which consent shall not be unreasonably withheld, conditioned, or delayed. Notwithstanding the
foregoing, Tenant may make non-structural changes costing less than Fifty Thousand Dollars
($50,000.00) in any twelve (12) month period to the Premises without Landlord’s consent, but after
providing Landlord with ten (10) business days’ prior written notice of its intent to make such
changes. Landlord’s consent shall, unless otherwise agreed in writing, be conditioned on Tenant
removing any such Alterations upon the expiration of the Term and restoring the Premises to the
same condition as on the date Tenant took possession. All work with respect to any Alterations or
changes shall be done in a good and workmanlike manner by properly qualified and licensed
personnel and such work shall be diligently prosecuted to completion. All Tenant’s Alterations and
the performance thereof shall at all times comply with (i) all laws, rules, orders, ordinances,
directives, regulations and requirements of all governmental authorities, agencies, offices,
departments, bureaus and boards having jurisdiction thereof, and (ii) all rules and regulations of
Landlord.

     b. Tenant shall pay the costs of any work done on the Premises pursuant to Subsection a.
above, and shall keep the Premises, Building and Project free and clear of liens of any kind.
Tenant shall indemnify, defend against and keep Landlord free and harmless from all liability,
loss, damage, costs, attorneys’ fees and any other expense incurred on account of claims by any
person performing work or furnishing materials or supplies for Tenant or any person claiming under
Tenant.

     c. Unless their removal is required by Landlord as provided in Subsection a, all Alterations
made to the Premises shall become the property of Landlord and be surrendered with the Premises
upon the expiration of the Term; provided, however, Tenant’s equipment, machinery and trade
fixtures which can be removed without damage to the Premises shall remain the property of Tenant
and may be removed. Any damage to the Premises, including any structural damage, resulting from
Tenant’s use or from the removal of Tenant’s Property shall be repaired by Tenant at Tenant’s
expense.

     d. Intentionally deleted.

     e. Landlord will allow Tenant the right to install its own fiber optic cable and voice/data
communication cabling into the Premises at Tenant’s sole cost, subject to the removal provisions
herein.

     8. LANDLORD IMPROVEMENTS. Intentionally deleted.

     9. SUBMISSION OF LEASE. The submission of this Lease for examination does not constitute a
reservation of the Premises, and this Lease shall become effective as a Lease only upon final
execution and delivery thereof by Landlord and Tenant.

     10. OPERATING AND OTHER EXPENSES. In addition to the Rent due hereunder, Tenant shall be
responsible, as Additional Rent (as defined herein), for certain insurance, taxes, and maintenance
expenses as hereinafter in this Lease more particularly described (“Operating Expenses”),
it being generally understood and agreed that Landlord shall not be responsible for those costs or
expenses in connection with the Project during the Term of this Lease or any renewal or extension
thereof. Tenant shall pay its share (“Tenant’s Percentage Share”) of all costs and
expenses as set forth herein in the amount by which all Operating Expenses for each Comparison
Year (as defined below) exceeds the amount of all Operating Expenses for the Base Year. Tenant’s
Base Year shall be the 2011 calendar year’s actual Operating Expenses. “Comparison Year”
is defined as each calendar year during the Term of this Lease after the Base Year. Landlord
shall estimate Tenant’s share (which shall be the ratio of the rentable area of the Leased
Premises to the rentable area of the office space contained in the Landmark Towers Condominium) of
Operating Expenses for any current fiscal year of Landlord (“Fiscal Year”) at least 30
days prior to the commencement of that Fiscal Year, and Tenant shall pay monthly to Landlord equal
installments of the amount so estimated for the remaining months of the Fiscal Year. Tenant’s
Percentage Share is the product obtained by multiplying (i) 100 by (ii) the quotient obtained by
dividing the rentable

 

 

square feet of the Premises by the total rentable square feet of the Building. Tenant’s initial
Percentage Share shall be 47.40959%, and then 52.85524% upon commencement of Rent for the
10th Floor Premises in accordance with Section 3 above.

     However, notwithstanding the above and foregoing, for the purpose of calculating Tenant’s
Percentage Share of Operating Expenses each year during the initial Term, the items of Operating
Expenses which do not include taxes, utilities, and janitorial costs (Operating Expenses
less the aforementioned items are hereinafter referred to as the “Capped Operating
Expenses”) shall be deemed not to increase more than four percent (4%) per calendar year for
each calendar year from and after 2011; provided, however, that no item of Operating Expenses
other than Capped Operating Expenses shall be subject to the foregoing limitation; and provided
further, that the percentage increase shall be determined on a cumulative compounding basis such
that if the average increase for all expired calendar years after 2011 and the next calendar year
is less than four percent (4%), then the percentage increase for the next calendar year may exceed
four percent (4%) so long as the average increase for all expired calendar years after 2011 and
the next calendar year do not exceed four percent (4%) per calendar year.

     The term Operating Expenses means certain expenses incurred or paid by Landlord in connection
with the Project, including, but not limited to, the following:

     1) all dues and assessments paid or incurred pursuant to the Master Condominium
Declaration and/or the Landmark Towers Condominium Declaration and the Park Tower
Condominium Declaration.

     2) all real estate taxes and all installments of assessments, and any taxes in
lieu thereof, which may be levied upon or assessed against units in Landmark Towers
Condominium and units in the Park Tower Condominium due and payable during each
calendar year of the Term of the Lease;

     3) all insurance which Landlord deems reasonably necessary or required to
obtain and maintain in connection with the Condominiums and the Condominium Common
Elements to the extent not covered by dues and assessments paid or incurred pursuant
to the Master Condominium Declaration and/or the Landmark Towers Condominium
Declaration and the Park Tower Condominium Declaration;

     4) permit and inspection fees;

     5) electricity not separately billed to Tenant or other Building tenants or
occupants;

     6) heating, air conditioning, water, sewage usage or rental, utilities;

     7) the commercially reasonable cost of supplies and materials directly
related to the operation, maintenance, and repair of the Project, and not
otherwise included in capital expenditure;

     8) the commercially reasonable cost of labor directly related to the
operation, maintenance, and repair of the Project, and not otherwise included
in Operating Expenses;

     9) maintenance and repairs;

 

 

     10) landscaping;

     11) janitorial and security services;

     12) expenses and costs incurred in the management of the Project, if any
(including supplies, wages, salaries and fringe benefits of employees used in the
management, operation, repair and maintenance of the Project, and payroll taxes and
similar governmental charges with respect thereto;

     13) project management office rental (if necessary);

     14) a property management fee not to exceed four percent (4%) of gross revenue;

     15) any other normal and customary cost and expenses included in Operating
Expenses for a Class A Building; and

     16) the amortized cost (using an interest rate and a useful life reasonably
established by Landlord) of capital expenditures incurred to reduce Operating
Expenses to comply with governmental laws, rules, regulations or requirements.

Excluded from Operating Expenses for purposes of this paragraph are depreciation, leasing
commissions, any expenses relating solely to the Ramp Condominium, the cost of Landlord’s
constructing leasehold improvements, and any costs for the Building roof, structural elements and
systems not covered or included in the dues and assessments paid or incurred pursuant the Master
Condominium Declaration and/or the Landmark Towers Condominium Declaration. Any governmental or
condominium special assessments shall be amortized over the longest period allowed under
ordinance.

          B. Landlord shall estimate Tenant’s Percentage Share of Operating Expenses for any calendar
year of Landlord (“Calendar Year”) and timely provide same to Tenant (which estimate may
be adjusted not more frequently than four times during such Calendar Year), and Tenant shall pay
monthly to Landlord equal installments of the amount so estimated for the remaining months of the
Calendar Year. On or before April 1st of each calendar year, Landlord shall render a
detailed summary statement setting forth the difference between the actual Tenant’s Percentage
Share of the Operating Expenses and the total amount of Landlord’s estimate for such Calendar
Year, or portion thereof, collected from Tenant. Landlord shall provide such summaries by April
1st of each year. Tenant shall pay any shortage to Landlord within ten (10) days after
delivery of said statement to Tenant by Landlord. Correspondingly, Landlord shall credit to
Tenant’s obligations next due under this Lease the amount of any overpayment within ten (10) days
after delivery of such statement to Tenant by Landlord. Tenant shall pay for the first three (3)
months of each Calendar Year beginning in 2012 the amount estimated by Landlord, and then Landlord
shall credit to Tenant’s obligations next due under this Lease the amount of any overpayment if
the Capped Operating Expenses exceed the estimated amounts.

          C. Provided Tenant is not in default under this Lease, Tenant shall have the right to a
reasonable review of Landlord’s books and records pertaining to Tenant’s Additional Rent, during
normal business hours, at a location reasonably designated by Landlord within the Minneapolis/St.
Paul metropolitan area, but no more than twice per rolling twelve month period during the Lease
Term. In order for Tenant to exercise its rights under this Section, (i) Tenant shall within
ninety (90) days after receipt of Landlord’s statement, deliver a written notice to Landlord
indicating its desire to review Landlord’s records; and (ii) all amounts due and owing under this
Lease shall be paid in full in accordance with the payment terms thereunder. Tenant’s review
rights hereunder shall be limited to

 

 

no more than one (1) review per calendar year during the Term of the Lease and such review shall
be limited to the previous calendar year. Any review to be conducted under this Section shall be
at the expense of Tenant and except that if the results vary more than three percent (3%) in
Tenant’s favor, Landlord shall pay such costs. Tenant acknowledges and agrees that any records
reviewed under this Section shall, unless otherwise approved in writing by Landlord, remain at the
Twin Cities location and shall constitute confidential information of Landlord, which shall not be
disclosed to anyone other than Tenant’s personnel or agents reviewing the records and the
principals of Tenant who receive the results of the review unless such disclosure required under
legal process. Except as described herein, the disclosure of such information to any other
person, whether or not caused by the conduct of Tenant, shall constitute a material breach of this
Lease. In the event the results of the review reveal that Tenant overpaid its obligations for a
preceding period, the amount of such overpayment shall be credited against Tenant’s subsequent
payment obligations to pay its share of Rent and Additional Rent. Such review right is assignable
and transferable by the Tenant and any assignee. Except as expressly set forth above or elsewhere
in the Lease, in no event shall Tenant be entitled to withhold, deduct, or offset any monetary
obligation of Tenant to Landlord under the Lease including, without limitation, Tenant’s
obligation to make all Rent and Additional Rent payments pending the completion of and regardless
of the results of any review of records under this Section.

D. Tenant’s Share of Taxes

     1) Real Property Taxes.Tenant shall pay Landlord, Tenant’s Percentage
Share of all taxes (including other fees or charges hereinafter defined as New
Taxes) and annual installments of special assessments levied and assessed for any
year upon the Project and the underlying realty, Tenant shall have no obligation to
pay any of Landlord’s net income, estate and inheritance taxes. Amounts for which
the Tenant is responsible include, but are not limited to, any increase in property
tax associated with a reassessment of the property’s value. Taxes for the first and
last year of the Term hereof shall be prorated between the Landlord and Tenant as of
the commencement of, and expiration of the Term.

     2) Other Taxes.Tenant shall reimburse Landlord, as part of Operating
Expenses for all personal property taxes, if any, incurred by Landlord with respect
to Tenant’s personal property situated in the Leased Premises and for all taxes
(other than net income taxes) upon the Rent received (or imputed to have been
received) by Landlord under this Lease.

          E. Tenant’s Share of Insurance Cost. Tenant shall pay, as part of Operating Expense, Tenant’s
Percentage Share of the amount of the cost to Landlord of the insurance required to be maintained
by Landlord on the Project as set forth in this Lease.

          F. Tenant’s Share of Utilities Services. Tenant shall pay as part of Operating Expense
Tenant’s Percentage Share of for utilities furnished by Landlord, to the Premises except to the
extent that Tenant’s utility use is not separately metered by Landlord in which event Tenant will
pay such separately metered cost.

          G. Tenant shall reimburse Landlord, if Tenant is not able to remedy disproportionate usage of
utilities after receiving Landlord’s fifteen (15) day written notice of such occurrence, within 10
days after written demand, for any amounts incurred by Landlord, in Landlord’s reasonable
estimation, for usage of utilities (other than electricity) and services (including HVAC and
janitorial services) by Tenant that is disproportionate to the average usage of Landlord’-provided
utilities or services by the other occupants of the office space portions of the Building owned by
Landlord. The charge for after-hour

 

 

supplemental heating and cooling requested by Tenant and supplied by the building systems shall be
$12.50 per heat pump per hour.

     11. ACCEPTANCE OF THE LEASE PREMISES. The occupancy by Tenant of the Premises, or any part
thereof, shall constitute an acknowledgment by Tenant, and shall be conclusive evidence, that the
Premises are in the condition called for by this Lease.

     12. REQUIRED PAYMENTS ARE RENT; INTEREST ON LATE PAYMENTS.

     a. All payments required to be paid by Tenant under the provisions of this Lease other than
Base Rent shall be deemed to be and shall become additional rent (“Additional Rent”),
whether or not the same be designated as such, and shall be without deduction or setoff whatsoever.
Base Rent and Additional Rent are collectively referred to herein as “Rent”.

     b. If Tenant fails to pay when due any Rent or other amounts or charges which Tenant is
obligated to pay under the terms of this Lease, the unpaid amounts shall bear interest at ten
percent (10%) per annum, (“Interest Rate”) from the date such amount is due until the date
paid. Tenant acknowledges that the late payment of any Rent due hereunder will cause Landlord to
lose the use of that money and incur costs and expenses not contemplated under this Lease,
including without limitation, administrative and collection costs, processing and accounting
expenses, and late charges that may be imposed on Landlord by the terms of any encumbrance (and
companion promissory note) covering the Project, the exact amount of which are extremely difficult
to ascertain. Therefore, in addition to Interest which shall begin to accrue after the five (5)
day time period set forth herein, if any monthly installment of Rent is not received by Landlord
within five (5) days from the date it is due, or if Tenant fails to pay any other sum of money due
hereunder, Tenant shall pay Landlord a late charge the lesser of five percent (5%) of the
delinquent amount or Two Thousand Five Hundred and no/100 Dollars ($2,500.00). Landlord and Tenant
agree that this late charge represents a reasonable estimate of such costs and expenses of and is
fair compensation to Landlord for the loss suffered from such nonpayment by Tenant.

     13. UTILITIES AND SERVICES. a. Landlord shall furnish such heat and air conditioning in and
about the Premises as shall be necessary for the comfortable use and occupancy of the Premises
during Tenant’s business hours for the use set forth in Section 4. Tenant’s current business hours
are 6:00 a.m. to 6:00 p.m., Monday through Friday, and 7:00 a.m. to 1:00 p.m., Saturday. Landlord
shall furnish such electricity, water, sewage usage, elevator service, and security service as
shall be necessary for the secure and comfortable use and occupancy of the Premises for the use set
forth in Paragraph 4. Notwithstanding the foregoing, Tenant shall have access 24 hours per day, 7
days per week, 52 weeks per year to its Premises, the Building, and Project.

     b. Failure to furnish such utilities or services by reason of emergency, breakdowns, the
necessity for repairs or improvements, fire, other casualty, accident, riot, strike, act of God, or
by any cause beyond Landlord’s control, shall not: (a) be construed as an eviction of Tenant; (b)
result in abatement of rent or other charges; (c) in any way render Landlord liable for damages to
person or property incurred by Tenant or any other person or entity by reason of such failure; or
(d) release Tenant from the prompt fulfillment of any of its agreements under this Lease; provided,
however, that, if that repairs or maintenance are required, Landlord shall use due diligence in
performing said repairs and maintenance.

     c. To the extent not covered by Operating Expenses, Tenant agrees at its own cost and expense,
to pay for all water, gas, sewer, power and electric current, garbage collection and/or compacting,
and other similar utilities or services used by the Tenant on the Premises and not furnished by the
Landlord, and maintenance, repair, replacement and inspection service for fire sprinkler system,
drainage and sewer facilities, and all utilities from and after the delivery of possession of the
Premises by

 

 

Landlord. Tenant shall pay to Landlord its portion of the utility services furnished by the
Landlord as detailed in herein.

     d. Throughout the Term of this Lease, Tenant shall promptly pay directly to the utility
company providing such service all costs for any services metered, chargeable, or provided to the
Premises and payable directly by Tenant as provided herein.

     e. Landlord shall maintain, clean and repair the Premises, including replacement of building-
standard lamps, tubes, bulbs, starters, ballast, transformers and like items used or required in
the Premises. The cost for same shall be part of Operating Expenses and Tenant shall pay Tenant’s
Percentage Share of same as provided herein.

     f. Landlord shall provide and install, all at Tenant’s cost and expense, any and all
non-building-standard lamps, tubes, bulbs, starters, ballast, transformers and like items used or
required in the Premises. Similarly, at its sole cost and expense, Tenant shall be responsible for
providing its own telephone or other communication service and systems to the Premises.

     g. No such interruption or failure of service or utilities will be deemed an eviction of
Tenant or will relieve Tenant from any of its obligations under this Lease; provided, however, in
the event (i) either (x) such interruption or failure of services is caused by the negligence or
willful misconduct of Landlord or (y) the restoration of such services is within the reasonable
control of Landlord and Landlord fails to take commercially reasonable steps to restore such
services as soon as reasonably possible, (ii) such interruption or failure of services continues
for a period of five (5) consecutive business days following written notice by Tenant to Landlord
and (iii) as a result of such interruption or failure of services, the Premises, or a portion
thereof, are rendered untenantable under a commercially reasonable standard and, in fact, Tenant
does not use the untenantable portion of the Premises for its normal business operations during
said period of time, then in such case, the payment of Base Rent and Additional Rent under this
Lease shall thereafter abate, in the proportion that the untenantable portion of the Premises bears
to the entire Premises, until such time as such services are restored to the untenantable Premises.

     14. RELEASE OF LANDLORD; INDEMNIFICATION OF PARTIES. Each party agrees to indemnify and save
and hold harmless the other against any and all claims by or on behalf of any third person, firm or
corporation directly arising out of any breach or default in the performance of each respective
party’s obligations hereunder except to the extent caused by the other party’s negligence or
willful misconduct. Further, Tenant covenants at all times to save and hold harmless Landlord from
any loss, damage or injury to person or property, incurred by any third person, firm or corporation
upon Common Area, which injury, loss or damage results from any negligent acts or willful
misconduct of Tenant, its agents or employees. Likewise, Landlord covenants at all times to save
and hold harmless Tenant from any loss, damage or injury to person or property, incurred by any
person, or corporation upon the Common Area, which injury, loss or damage results from any
negligent acts or willful misconduct of Landlord, its agents, employees.

     15. CARE OF LANDMARK TOWERS CONDO AND COMMON AREAS. Subject to the obligations of the Master
Condominium Association and the Landmark Towers Condominium Association (which Landlord agrees to
enforce), Landlord shall repair, replace and maintain the Common Areas, the structural portions of
the Project, including the foundations, bearing and exterior walls (excluding glass),
sub-flooring, roof (excluding skylight), and those portions of the electrical systems, plumbing
systems, and main sewer system that are installed or furnished by Landlord, and which are not
located upon the Premises, as well as the gutters and downspouts on the Building which serves the
Premises. Landlord shall not be liable for any failure to make any repairs or perform any
maintenance unless such failure persists for an unreasonable time after written notice of the need
for

 

 

such repairs or maintenance is given to Landlord by Tenant. The Master Condominium Association
shall be responsible for exterior plate glass and windows or other breakable materials used in
said structural portions. Landlord agrees to comply with all ADA, federal, state or local laws,
rules and regulations as they apply to the Building and to the Premises at the time of conveyance
to Tenant, including to the extent legally permitted enforcing a smoking ban within forty (40)
feet, or such other distance as may be established by applicable state or local law, of the public
entrances to the Building. Tenant shall not undertake any repair to the Premises, Building or
Project that is Landlord’s obligation hereunder, unless in the event of an emergency, or if such
repairs, upon ten (10) business days notice to Landlord, have not been commenced and work thereon
pursued by Landlord.

     16. CARE OF PREMISES BY TENANT. a. Tenant shall maintain the Premises in a clean, sanitary
and safe condition. Landlord shall be responsible for all costs of maintaining and repairing the
Deck Area. Tenant shall install, maintain and repair all Tenant-installed, plumbing, electrical,
fiber optic cable, voice data communication cabling and other systems specific to Tenant’s
occupancy requirement other than the base building systems of tile Building; and shall comply in
all respects, at Tenant’s sole expense, with the requirements of the Americans With Disabilities
Act and similar federal, state and local laws, rules and regulations as they apply to the
Premises. Tenant, at Landlord’s request, and at Tenant’s cost, shall remove all such specialty
equipment or fixtures following Lease expiration and repair any damage caused by the removal of
such systems to Landlord’s satisfaction. If, after ten (10) days notice and opportunity to cure,
Tenant fails to keep and preserve the Premises in the state of condition required by the
provisions of this Lease, Landlord, at its option, may put or cause the
same to be put in the condition and state of repair agreed upon, and in such case, Tenant, on
demand, shall pay the costs thereof.

          b. Except as otherwise expressly provided in this Lease, Landlord shall have no liability to
Tenant nor shall Tenant’s obligations under this Lease be reduced or abated in any manner
whatsoever by reason of any inconvenience, annoyance, interruption or injury to business arising
from Landlord’s making any repairs or changes which Landlord is required or permitted by this
Lease or by any other tenant’s lease or required by law to make in or to any portion of the
Project, Building or Premises. Landlord shall nevertheless use reasonable efforts to minimize any
interference with Tenant’s business in the Premises.

           c. Mold. Because mold spores are present essentially everywhere and mold can grow in almost
any moist location, Tenant acknowledges the necessity of adopting and enforcing good housekeeping
practices, ventilation and vigilant moisture control within the Premises (particularly in kitchen
areas, janitorial closets, bathrooms, in and around water fountains and other plumbing facilities
and fixtures, break rooms, in and around outside walls, and in and around HVAC systems, and
associated drains) for the prevention of mold (such measures, “Mold Prevention Practices”). Tenant
will, immediately notify Landlord in writing if it observes, suspects, or has reasons to believe
mold or Mold Conditions exist in the Premises.

     17. MECHANIC LIENS. Tenant shall timely pay for labor and material furnished to Tenant or
claimed to have been furnished to Tenant in connection with work of any character performed or
claimed to have been performed on the Premises, at the direction or with the consent of Tenant.
Tenant shall not permit any mechanics or similar liens to remain upon the Premises or any of
Landlord’s property incident to the foregoing. If any liens are filed, Landlord may, without
waiving its rights and remedies based on such breach of Tenant and without releasing Tenant from
any of its obligations, cause such liens to be released by any means it shall deem proper,
including payment in satisfaction of the claim giving rise to such lien. Tenant shall be entitled
to ten (10) days written notice by Landlord before Landlord takes action to remove such liens.
Tenant shall be allowed to bond for liens. Tenant shall pay to Landlord upon ten (10) days notice
by Landlord, any sum paid by Landlord to remove such liens, together with interest at the Interest
Rate from the date of such payment by Landlord, and attorneys’ fees if allowable by law.

 

 

     18. LANDLORD’S ACCESS. Landlord, its agents, employees and/or contractors, shall have the
right to enter the Premises at all reasonable times, and other than in an emergency, upon
reasonable advance notice, for the purpose of performing Landlord’s obligations hereunder;
provided, however, that such entry shall be accomplished in a manner that will cause as little
interference with and

inconvenience to the Tenant’s use as is reasonable under the circumstances. Any interference with
or inconvenience to the Tenant arising out of the exercise by Landlord of the rights set forth in
this Section
shall not constitute a breach by Landlord of any of its agreements in this Lease, and shall not
result in any diminution of rent or liability on the part of Landlord by reason of inconvenience,
annoyance or injury to Tenant’s business. Landlord, or its agents, shall have the right, upon
reasonable advance notice to Tenant to exhibit the Premises to prospective purchasers at any time
and to prospective tenants during the last six months of Tenant’s Lease Term, as extended if
applicable.

     19. TENANT’S INSURANCE. a. Tenant shall obtain and keep in force, at Tenant’s expense for the
Lease Term, and any extension or renewal thereof, insurance specified on Exhibit “B” attached
hereto. Landlord reserves the right to require any other form or forms of insurance as Tenant or
Landlord or any mortgagees of Landlord may reasonably require from time to time in form, in
amounts, and for insurance risks against which, a prudent tenant would protect itself, but only to
the extent coverage for such risks and amounts are available in the insurance market at
commercially acceptable rates and provided further, all such additional insurance coverage shall be
reasonable for Class A office buildings in the general Minneapolis/St. Paul metropolitan area.
Landlord makes no representation that the limits of liability required to be carried by Tenant
under the terms of this Lease are adequate to protect Tenant’s interests and Tenant should obtain
such additional insurance or increased liability limits as Tenant deems appropriate.

     b. Said insurance required pursuant to the provisions of this Section shall be issued by an
insurance company legally authorized to do business in the State of Minnesota; shall be in a form
satisfactory to Landlord; and shall provide for at least thirty (30) days notice, by certified
mail, return receipt requested, to Landlord before cancellation, termination, nonrenewal or change
of such insurance. Evidence of said insurance shall be provided to Landlord upon request.

     c. All policies required to be held by Tenant under this Lease must be in a form reasonably
satisfactory to Landlord and issued by an insurer permitted to do business in the State. All
policies must be issued by insurers with a policyholder rating of “A-” and a financial rating of
“VII” in the most recent version of Best’s Key Rating Guide. All policies must contain a
requirement to notify Landlord (and Landlord’s property manager and any mortgagees or ground
lessors of Landlord who are named as additional insured, if any) in writing not less than thirty
(30) days prior to any material change, reduction in coverage, cancellation or other termination
thereof, or ten (10) days’ prior notice if such cancellation is due to non-payment of premium.
Tenant agrees to deliver to Landlord, upon request all such certificate(s) of insurance, additional
insured endorsements and/or if required by Landlord. Tenant further agrees that it will initially
provide such certificates or other proof of insurance described above upon execution of the Lease.
Tenant agrees to cause replacement policies or certificates and additional insured endorsements to
be delivered to Landlord not less than ten (10) days prior to the expiration of any such policy or
policies. If any such initial or replacement policies or certificates are not furnished within the
time(s) specified herein, Landlord will have the right, but not the obligation, to obtain such
insurance as Landlord deems necessary to protect Landlord’s interests at Tenant’s expense. Each
policy shall contain: (A) a cross-liability endorsement; and (B) a provision that such policy and
the coverage evidenced thereby shall be primary and noncontributing with respect to any policies
carried by Landlord which shall be excess insurance.

     d. Notwithstanding anything contained herein to the contrary, the foregoing shall not be
construed, interpreted, or deemed (i) a waiver of any default created by reason of Tenant’s failure
to provide the insurance called for in this Lease; (ii) limit any other right or remedy of
Landlord; (iii) relieve

 

 

Tenant of its obligations regarding maintenance of insurance as provided by the Lease; or (iv)
be considered a policy of insurance in favor of Tenant.

     e. Failure of Landlord to demand delivery of, or identify deficiency within, any certificate
of insurance, additional insured endorsement, or policy form shall not be construed as a waiver of
Tenant’s obligations under this Section. The acceptance of delivery by the Landlord of any
certificate of insurance, additional insured endorsement or policy does not constitute approval or
agreement by the Landlord that the insurance policies evidenced are in compliance with the
requirements. No endorsement limiting or excluding a required coverage is permitted. By requiring
insurance, Landlord does not represent that coverage and limits will necessarily be adequate to
protect the Tenant. Insurance effected or procured by the Tenant will not reduce or limit the
Tenant’s contractual obligation to indemnify and defend Landlord for claims or suits that result
from are or are connected with this Lease.

     f. Not less than every three (3) years during the Term, Landlord shall have the right to make
changes in the minimum requirements for all insurance to be carried by Tenant as set forth in this
Section. Such changes will be consistent with the insurance required in leases then being
negotiated by Landlord involving similar tenants, buildings, geography, and other relevant factors,
provided however, all such insurance coverage shall be reasonable for Class A office buildings in
the general Minneapolis/St. Paul metropolitan area.

     20. LANDLORD’S INSURANCE. During the Term Landlord shall maintain property insurance covering
the Project, Building and the building standard work (excluding any property which Tenant is
obligated to insure under Section 19. Such insurance shall provide protection against any peril
included within the classification “Fire and Extended Coverage”. Landlord shall also maintain
comprehensive public liability and property damage insurance with respect to the use, operation and
condition of the Common Areas of the Building and Project. Such insurance shall be in such amounts
and with such deductibles as Landlord considers appropriate. Landlord may, but shall not be
obligated to, obtain and carry any other form or forms of insurance as it or Landlord’s mortgagees
or deed of trust beneficiaries may determine advisable.

     21. WAIVER OF SUBROGATION. Landlord and Tenant each, on behalf of themselves and their
insurers, hereby waive all rights of recovery against the other and against the officers,
employees, agents and representatives of the other, on account of loss by or damage to the waiving
party or the property of others under its control, regardless of whether such loss or damage is
caused by the negligence of Landlord or Tenant, to the extent that such loss or damage is insured
against under any fire and extended coverage insurance policy which either may have in force or are
required to be in force pursuant to this Lease, at the time of the loss or damage. The insurance
policies obtained by Landlord and Tenant pursuant to this Lease shall permit waivers of subrogation
which the insurer may otherwise have against the noninsuring party. In the event the policy or
policies do not allow waiver of subrogation prior to loss, either Landlord or Tenant shall obtain a
waiver of subrogation endorsement in such form and content as may reasonably satisfy this
requirement.

     22. DAMAGE BY FIRE OR OTHER CASUALTY. a. Immediately upon Tenant’s discovery thereof, Tenant
shall give notice to Landlord of any damage caused to the Premises by fire or other casualty. If
the Lease Premises are damaged or destroyed by fire or other casualty, and such damage or
destruction is certified within a reasonable period of time thereafter, in writing, by a licensed
contractor to be repairable within one hundred eighty (180) days after the date of such occurrence,
this Lease shall remain in full force and effect, and Landlord, subject to the provisions
hereinafter set forth, shall proceed with due diligence to repair such damage or destruction, at
its expense, and in that event, there shall be a proportionate abatement of rent and all other
charges for so much of the Premises as may be untenantable until repair or restoration.

     b. If the Premises are damaged or destroyed by fire or other casualty, and such damage or
destruction cannot be so certified to be repairable within one hundred eighty 180 days after the
date of

 

 

such occurrence, the Lease may be cancelled at the option of Landlord or Tenant if notice is
given by either party to the other within thirty (30) days after it has been determined that the
Premises cannot be so certified to be repairable within said one hundred eighty 180 days.

     c. In the event Landlord is obligated, or exercises its election, to repair the Premises, its
obligation to so repair shall be contingent upon receipt of sufficient insurance proceeds to
complete such repairs and approval of the applicable condominium associations. If, for any reason
whatsoever, Landlord does not receive sufficient insurance proceeds to complete such repairs, or if
such approval cannot be timely obtained, notwithstanding any prior elections by Landlord, Landlord
shall have no obligation to make such repairs or reconstruction. If Landlord is obligated, or
exercises its election to repair the Premises, Tenant shall proceed with due diligence, at Tenant’s
sole cost and expense, to repair or replace any Alterations and other improvements installed by
Tenant at its own expense. Landlord shall not be responsible or liable to Tenant for any
consequential damages whatsoever caused by any damage or destruction to the Premises, nor for
inability to repair or replace, nor for any other cause whatsoever beyond Landlord’s control.

     23. CONDEMNATION. If all or a substantial part of the Premises is taken or condemned by any
competent authority for any public or quasi-public use or purpose, then either Landlord or Tenant
may terminate this Lease and the Lease Term will end on the date that title is rested in the
condemning authority. If any condemnation proceeding is commenced in which it is sought to take
any portion of Landlord’s interests in the Landmark Towers Condominium or the Park Tower
Condominium, the taking of which would, in Landlord’s opinion, prevent the economical operation of
Landlord’s interests in the Landmark Towers Condominium or the Park Towers Condominium, Landlord
will have the right to terminate this Lease upon not less than ninety (90) days notice prior to the
date of termination designated in the notice. In either of the above events, Rent will be
apportioned as of the date of the termination. No money or other consideration will be payable by
Landlord to Tenant for the right of termination, and Tenant will have no right to share in the
condemnation award, whether for a partial or total taking, or for loss of Tenant’s leasehold or
improvements, or in any judgment for damages caused by the condemnation. Tenant may share in the
settlement for amounts specifically awarded for Tenant’s trade fixtures, leasehold improvements or
as a relocation payment or allowance.

     24. SUBORDINATION: NOTICE TO MORTGAGEES, TRUSTEES AND GROUND LESSORS. a. At the election of
Landlord or any mortgagee or beneficiary with a deed of trust encumbering the Building or the
Project or any portion thereof, or any lessor of a ground or underlying lease with respect to the
Building or the Project or any portion thereof, this Lease will be subject and subordinate at all
times to: (i) all ground leases or underlying leases which may now exist or hereafter be executed
affecting the Building and/or the Project; and (ii) the lien of any mortgage or deed of trust or
any other hypothecation for security now or hereafter placed upon the Building, the Project or any
portion thereof, or Landlord’s interest and estate in any of same, and to any and all advances made
on the security thereof and to all renewals, modifications, consolidations, replacements and
extensions thereof which may now exist or hereafter be executed. Notwithstanding the foregoing, if
any mortgagee, trustee or ground lessor shall elect to have this Lease prior to the lien of its
mortgage or deed of trust or to its ground lease, and shall give written notice thereof to Tenant
at any time prior to the transfer of the Premises in foreclosure or by deed in lieu of foreclosure
of such lien or otherwise (or at any time prior to the termination of the ground lease, as the case
may be), then, notwithstanding any prior subordination, this Lease shall be deemed prior to such
mortgage, deed of trust, or ground lease, whether this Lease is dated prior or subsequent to the
date of said mortgage, deed of trust or ground lease or the date of recording thereof.

     b. Notwithstanding the foregoing provisions of this Section, in the event any proceedings are
brought for foreclosure, or in the event of the exercise of the power of sale under any mortgage or
deed of trust made by Landlord covering the Premises, Tenant shall, at the new owner’s option,
attorn to the purchaser upon any such foreclosure or sale and recognize such purchaser as Landlord
under this

 

 

Lease provided that such purchaser assumes in writing all obligations of Landlord under this
Lease. Additionally, the transferee of the Premises upon any foreclosure sale or pursuant to any
deed in lieu of foreclosure or other transfer (or the ground lessor in the event of a termination
of a ground lease) shall have the right, whether or not this Lease has been terminated by or in
connection with such transfer or termination of ground lease (whether voluntarily, involuntarily or
by operation of law), to require Tenant to enter into a new lease of the Premises (with the
transferee or ground lessor as landlord) on terms and conditions identical to those as set forth in
this Lease, except that the term of the new lease shall expire on the date specified herein for the
expiration of the Term of this Lease.

     c. Notwithstanding anything in this Lease to the contrary, Tenant shall attorn to any party
succeeding to Landlord’s interest in the Premises during the Lease Term, whether by purchase,
foreclosure, deed in lieu of foreclosure, power of sale, termination of lease, or otherwise, upon
such party’s request, and shall execute such agreements confirming such attornment as such party
may reasonably request, provided that Tenant’s attornment obligation shall be conditioned upon such
successor party’s prior assumption in writing of all obligations of Landlord under this Lease.

     d. The provisions hereof are intended to be self-executing and do not require the necessity of
any additional document being executed by Tenant for the purpose of effecting same. Tenant
nevertheless agrees to execute and deliver to Landlord, within ten (10) days after request
therefor, any documents reasonably requested by Landlord to effectuate or evidence any
subordination or attornment, to make this Lease prior to the lien of any mortgage, deed of trust or
ground lease or to enter into a new lease, each as described above in this Section, and failing to
do so Tenant shall be in default hereunder with no right to further notice or cure.

     25. HOLDING OVER. Unless otherwise agreed in writing by Landlord, if Tenant remains in
possession of the Premises after the expiration of this Lease, Tenant will be deemed to be
occupying the Premises as a tenant at will, subject to all the provisions of this Lease to the
extent that they can be applied to a tenancy at will, except that the Base Rent for each month or
fraction thereof that Tenant remains in possession will be 125% of the Base Rent applicable during
the last month of the immediately preceding Term.

     26. ASSIGNMENT OR SUBLETTING. a. Tenant shall have the right to assign or sublet all or any
portion of the Premises with the prior written consent of Landlord, which consent shall not be
unreasonably withheld, conditioned or delayed (“Transfer”). A change in the ownership of Tenant or
the assets of Tenant by way of merger, sale, or acquisition shall not be deemed an assignment of
this Lease. Tenant shall further be allowed to sublease any of the Parking Spaces referred to in
Section 58, without Landlord’s consent, so long as Tenant remains primarily liable for payment of
rent on such parking spaces.

     b. If Tenant desires to effect a Transfer, then at least sixty (60) days prior to the date
when Tenant desires the Transfer to be effective (the “Transfer Date”), Tenant agrees to give
Landlord a written notice (the “Transfer Notice”), stating the name, address and business of the
proposed assignee, licensee, sublessee or other transferee (sometimes referred to hereinafter as
“Transferee”), reasonable information (including references) concerning the character, ownership,
and financial condition of the proposed Transferee, the Transfer Date, any ownership or commercial
relationship between Tenant and the proposed Transferee, and the consideration and all other
material terms and conditions of the proposed Transfer, all in such detail as Landlord may
reasonably require. If Tenant requests the consent of Landlord to any Transfer (whether or not
such Transfer is consummated), then, Tenant agrees to pay Landlord a nonrefundable administrative
fee of not less than One Thousand Dollars ($1,000.00).

     c. Within ten (10) business days after Landlord’s receipt of any Transfer Notice, payment of
the administrative fee described in Subsection 27(b) above, and any additional information
requested by Landlord concerning the proposed Transferee’s financial responsibility, Landlord will
notify Tenant of its election to do one of the following: (i) consent to the proposed Transfer
subject to such reasonable

 

 

conditions as Landlord may impose in providing such consent; or (ii) refuse such consent, which
refusal shall be on reasonable grounds.

     d. A condition to Landlord’s consent to any Transfer of this Lease will be the delivery to
Landlord of a true copy of the fully executed instrument of assignment, license, sublease, transfer
or hypothecation, in form and substance reasonably satisfactory to Landlord. Tenant agrees to pay
to Landlord, as Additional Rent, all sums and other consideration payable to and for the benefit of
Tenant by the assignee, licensee or sublessee in excess of the Base Rent payable under this Lease
for the same period and portion of the Premises. No Transfer will release Tenant of Tenant’s
obligations under this Lease or alter the primary liability of Tenant to pay the Rent and to
perform all other obligations to be performed by Tenant hereunder. The acceptance of Rent by
Landlord from any other person shall not be deemed to be a waiver of any provision of this Lease or
a consent to any assignment, subletting, licensing or transfer. In the event of default by any
Transferee of Tenant or any successor of Tenant in the performance of any of the terms hereof,
Landlord may proceed directly against Tenant without the necessity of exhausting remedies against
such Transferee or successor. Tenant shall not be allowed to transfer, assign or sublet the
Premises to (i) an existing tenant currently in the Building or Project, or (ii) be a person or
entity with whom Landlord or its agent is negotiating and to or from whom Landlord or its agent has
given or received any written or oral lease proposal within the past two (2) months regarding
leasing space within the Building or Project.

     27. LIMITATION OF LIABILITY; TRANSFER OF PREMISES BY LANDLORD.

     a. In consideration of the benefits accruing hereunder, Tenant on behalf of itself and all
successors and assigns of Tenant covenants and agrees that, in the event of any actual or alleged
failure, breach or default hereunder by Landlord, or in the event any actual or alleged failure,
breach or default by the Master Landlord (as defined below), Tenant’s recourse against Landlord or
Master Landlord for monetary damages will be limited to Landlord’s and Master Landlord’s interest
in the Building including, subject to the prior rights of any Mortgagee, Landlord’s interest in the
rents of the Building and any insurance proceeds payable to Landlord or Master Landlord.

     b. No personal liability or personal responsibility is assumed by, nor shall at any time be
asserted or enforceable against Landlord’s agents or employees, and their respective heirs, legal
representatives, successors and assigns on account of the Lease or on account of any covenant,
undertaking or agreement of Landlord contained in this Lease. In the event of a sale or transfer
by Landlord of its interest in the Premises or this Lease, such sale or transfer shall operate to
release the transferor from all liability for the performance of the obligations of Landlord
hereunder, expressed or implied, from and arising on or after the date of such transfer, and Tenant
agrees thereafter to look solely to the successor in interest of Landlord in and to this Lease for
the performance of Landlord’s obligations hereunder accruing after the date of such transfer and
thereupon Landlord shall be discharged from any further liability with respect thereto.

     28. ESTOPPEL CERTIFICATE. Within ten (10) days after request therefore by Landlord or any
mortgagee, trustee of a trust deed, or ground lessor regarding Landlord’s interests in the
Premises, Tenant agrees to deliver in recordable form an estoppel certificate in form reasonably
satisfactory to Landlord or Landlord’s lender certifying (i) that this Lease is unmodified and in
full force and effect, or is in full force and effect as modified and stating the modifications;
(ii) the amount of Base Rent and the date to which Base Rent and Additional Rent have been paid in
advance; (iii) the amount of any security deposited with Landlord; (iv) that Landlord is not in
default hereunder or, if Landlord is claimed to be in default, stating the nature of any claimed
default; and (v) as to such other items relating to this Lease as may be reasonably requested by
Landlord or Landlord’s lender and/or purchaser. Any such statement may be relied upon by a
purchaser, assignee or lender. Tenant’s failure to execute and deliver such statement within the
time required shall at Landlord’s election be a default under this Lease and shall also be
conclusive upon Tenant that: (1) this Lease is in full force and effect and has not been modified
except as represented by Landlord; (2) there are no uncured defaults in Landlord’s performance and
that Tenant

 

 

has no right of offset, counterclaim or deduction against Rent; and (3) not more than one
month’s Rent has been paid in advance.

     29. REMEDIES OF LANDLORD. In the event that during the Term of this Lease any of the
following occur (each of the following, a “Default”):

     a. Tenant shall have failed to pay any installment of Base Rent, Additional Rent or any other
charge provided herein, or any portion thereof, when the same shall be due and payable, and the
same shall remain unpaid for a period of five (5) days after Tenant receives Landlord’s written
notice of default. After the second such event during any calendar year of the Lease Term or
Renewal periods, no such default notice shall be required by Landlord;

     b. Tenant shall have failed to comply with any other provision of this Lease except with
respect to the payment of any amount due under the terms of this Lease, and shall not have cured
such failure within thirty (30) days after Landlord, by written notice, has informed Tenant of such
noncompliance; provided, however, in the case of a default which cannot be cured with due diligence
within a period of ten (10) days, Tenant shall have such additional time to cure such default as
may be reasonably necessary, provided Tenant proceeds promptly and with due diligence to cure such
default after receipt of said notice; or

     c. Tenant shall make an assignment for the benefit of creditors or be adjudicated as bankrupt.

     Upon Tenant’s Default, Landlord, upon written notice to Tenant, may elect either:

     (i) to cancel and terminate this Lease, and this Lease shall not be treated as an asset of
Tenant’s estate in bankruptcy, or

     (ii) to terminate Tenant’s right to possession only without canceling and terminating Tenant’s
continued liability under this Lease.

     Notwithstanding the fact that initially Landlord elects under (ii) to terminate Tenant’s right
to possession only, Landlord shall have the continuing right to cancel and terminate this Lease by
serving thirty (30) days written notice on Tenant of such further election, and shall have the
right to pursue any remedy at law or in equity that may be available to Landlord.

     In the event of Landlord’s election under (ii) to terminate Tenant’s right to possession only,
Landlord may, at Landlord’s option, enter into the Premises and take and hold possession thereof
without such entry and possession terminating this Lease, or releasing Tenant, in whole or in part,
from Tenant’s obligation to pay the Rent hereunder for the full stated Term. Upon such re-entry,
Landlord may remove all persons and property from the Premises, and such property shall be deemed
abandoned and may be destroyed, and/or removed and stored in a public warehouse or elsewhere and/or
sold at the cost of and for the account of Tenant, without Landlord becoming liable for any loss or
damage which may be occasioned thereby. Such re-entry shall be conducted in the following manner:
without resort to judicial process or notice of any kind in the situation where Tenant has
voluntarily surrendered possession of the Premises; and, otherwise by resort to judicial process.
Upon and after entry into possession without termination of the Lease, Landlord may, but is not
obligated to, release the Premises or any part thereof to any person, firm, or corporation, other
than Tenant, for such rent, for such time and upon such terms as Landlord, in Landlord’s sole
discretion, shall determine; but Landlord shall not be required to accept any tenant offered by
Tenant or to observe any instruction given by Tenant about such reletting. Landlord may make
alterations and repairs, and redecorate the Premises to the extent deemed by Landlord necessary or
desirable.

     Upon such re-entry, Tenant shall be liable to Landlord as follows:

     For the unpaid installments of Base Rent, Additional Rent and other unpaid sums which were due
prior to such reentry, which sums shall be payable immediately;

     For the installments of Base Rent, Additional Rent and other sums falling due pursuant to the
provisions of this Lease for the periods after re-entry during which the Premises remain vacant,
which sums shall be payable as they become due hereunder;

 

 

     For all expenses, including leasing commissions, attorneys fees, costs of alterations, repairs
and redecorating, which shall be payable by Tenant as they are incurred;

     While the Premises are subject to any new lease or lease made pursuant to this Section, for
the amount by which the monthly installments payable under such new lease or leases is less than
the monthly installments for all charges payable pursuant to this Lease, which deficiencies shall
be payable monthly; and

     For interest upon all of the foregoing as provided in this Lease.

     No such re-entry or taking possession of the Premises by Landlord shall be construed as an
election on its part to terminate this Lease unless a written notice of such intention is given by
Tenant. Landlord agrees to use reasonable efforts to mitigate Tenant’s damages as relates to
Tenant’s remaining Lease obligation.

     If Tenant or Landlord shall default in the performance of any covenant required to be
performed by it under this Lease, taking into consideration the grace periods provided in this
Section, Tenant or Landlord may perform the same for the account and at the expense of the other
party. If Tenant or Landlord at any time is compelled to pay, or elects to pay, any sum of money
by reason of the failure of the other part to comply with any provisions of this Lease, or if
Tenant or Landlord is compelled to incur any expense, including reasonable attorneys fees, in
instituting, prosecuting or defending any action or proceeding instituted by reason of any default
of hereunder, the sum or sums so paid by shall be due from the other party on the next date
following the payment of such sums upon which a regular monthly rental payment is due, together
with interest at the Interest Rate.

     No right or remedy herein conferred upon or reserved to either party is intended to be
exclusive of any other right or remedy herein or by law provided, but each shall be cumulative and
in addition to every other right or remedy given herein or now or hereafter existing at law or
equity.

     30. ACCORD AND SATISFACTION. No payment by Tenant or receipt by Landlord of a lesser amount
than the payment required to be paid by Tenant shall be deemed to be other than on account of the
earliest Rent and other charges required to be paid, nor shall any endorsement or statement on any
check or similar payment be deemed an accord and satisfaction, and Landlord shall accept such check
or payment without prejudice to Landlord’s right to recover the balance of such Rent or other
required payment, or pursue any other remedy provided in this Lease. Accord and satisfaction, if
any, shall be accomplished by a separate document executed by Landlord and Tenant.

     31. DEFAULT BY LANDLORD. If Landlord fails to perform any covenant, condition, or agreement
contained in this Lease within ten (10) business days after receipt of written notice from Tenant
specifying such failure (or if such failure cannot reasonably be cured within ten (10) business
days, if Landlord does not commence to cure the failure within said ten (10) day period, then such
failure shall constitute a default hereunder and Landlord shall be liable to Tenant for any damages
sustained by Tenant as a result of Landlord’s default; provided, however, it is expressly
understood and agreed that if Tenant obtains a money judgment against Landlord resulting from any
default or other claim arising under this Lease, that judgment shall be satisfied only out of the
rents, issues, profits, and other income actually received on account of Landlord’s right, title
and interest in the Premises, Building or Project, and no other real, personal or mixed property of
Landlord (or of any of the partners which comprise Landlord, if any, or of the officers,
shareholders, directors, partners or principals of such partners comprising Landlord, (if any)
wherever situated), shall be subject to levy, attachment or execution, or otherwise used to satisfy
any such judgment. Tenant hereby waives any right to satisfy a judgment against Landlord except
from the rents, issues, profits and other income actually received on account of Landlord’s right,
title and interest in the Premises, Building or Project. Tenant shall not have the right to
terminate this Lease or to withhold, reduce or offset any amount against any payments of Rent or
any other charges due and payable under this Lease except as otherwise specifically provided
herein.

 

 

     32. SIGNS, WINDOW COVERINGS. Tenant shall not place or cause to be placed any sign or
lettering on the exterior of the Building, in the halls or other common areas of the Building, or
on the Premises, without the prior written consent of Landlord, provided however, Tenant shall have
the right, without the prior written consent of Landlord, to place or cause to be placed signage or
lettering on those portions of the halls or common areas of the Building or the Premises where such
area is on a floor of the Building for which Tenant is the sole tenant. Landlord hereby consents
to all signage and lettering of Tenant existing in the Premises and the Building as of the date
hereof. Tenant shall have the right to place a sign or lettering on entrances to the Premises, and
on any sign directory provided by Landlord; provided the location, style, text, size and color are
first approved in writing by Landlord, in Landlord’s sole discretion. Any sign or lettering not so
approved may be removed by Landlord at Tenant’s expense. Upon termination of this Lease, Tenant
shall, at Tenant’s cost and expense, remove all signage, and repair any damage caused thereby, and
restore the surface to its original condition.

     Landlord shall provide building standard signage on the building directory board as well as a
building standard suite entry sign, for each of Tenant, its parents, subsidiaries, affiliates and
other related entities who operate within the Premises, identifying each such party by name and
suite number.

     33. CONDITION OF PREMISES AND LANDLORD’S PROPERTY AT TERMINATION. At termination of this
Lease, Tenant shall vacate and deliver the Premises, and all partitions, improvements, alterations
and other property of Landlord to Landlord in as good order and condition as the same were in on
the Commencement Date, reasonable wear and tear and alterations approved by Landlord in writing
excepted; provided, however, that Tenant shall comply with all conditions provided for in any
consent given by Landlord for alterations approved by Landlord. On or before the Expiration Date
or the sooner termination of the Lease, Tenant, at its expense, shall remove all of its equipment
from the Premises, and any property not removed shall be deemed abandoned. To the extent Tenant’s
property is removed pursuant to this Section, Tenant, at its cost and expense, shall repair any
damage done to the Premises by such removal. If Tenant chooses not to remove its property,
Landlord may require Tenant, at Tenant’s cost and expense, to remove its property and restore the
Premises to good condition and repair. All alterations, additions and fixtures, other than
Tenant’s equipment, which have been made or installed by Landlord, or by Tenant with Landlord’s
written consent, upon the Premises, shall remain as Landlord’s property (unless the consent given
by Landlord for such alterations, additions or fixtures provides otherwise) and shall be
surrendered with the Premises as a part thereof. Tenant shall surrender promptly all keys for the
Premises or locks therein to Landlord’s property manager. If Tenant fails to deliver the Premises
and Landlord’s property to Landlord in the condition required by the provisions of this Section,
Landlord, at its option, may clean and repair the Premises and Landlord’s property, as necessary,
and any expenditures made in connection with such work shall be due and payable from Tenant upon
demand, plus an amount equal to fifteen percent (15%) of such expenditures for overhead and
supervision. If the Premises are not surrendered at Expiration Date or earlier termination of the
Lease, Tenant shall indemnify Landlord against loss or liability resulting from delay by Tenant in
so surrendering the Premises, including but not limited to, any claim made by any succeeding tenant
based upon such delay and any lost leasing opportunities.

     34. RELATIONSHIP OF THE PARTIES. Nothing contained in this Lease shall be deemed or construed
by the parties hereto or by a third party to create the relationship of principal and agent, or of
a partnership, joint venture, or any association whatsoever between Landlord and Tenant, it being
expressly understood and agreed that neither the method of computation of Rent, nor any other
provisions contained in this Lease, nor any act or acts of the parties hereto, shall be deemed to
create any relationship between Landlord and Tenant other than the relationship of Landlord and
Tenant.

     35. NOTICES. All notices and communications of similar legal import from either Landlord or
Tenant to the other party shall be in writing and shall be considered to have been duly given

 

 

or served if and when sent by certified or registered mail, return receipt requested, postage
prepaid, or by nationally recognized overnight carrier, to the other party at its address set forth
below, or to such other address as such party may hereafter designate by written notice to the
other party given in accordance with this Section, or shall be personally served upon an officer or
general partner of such party.

	 	 	 

	To Landlord:

	 	To Tenant:
	 
	 	 
	Thompson National Properties, LLC

Attention: Lease Administration

1900 Main Street, Suite 700

Irvine, California 92614

	 	Green Tree Servicing LLC

Attn: Kyra Camacho

345 Saint Peter Street, #1100

Saint Paul, MN 55102

Telephone: (651) 293-5537
	 
	 	 
	With a copy to:

	 	With a copy to:
	 
	 	 
	Thompson National Properties, LLC

345 St. Peter Street

St. Paul, Minnesota

	 	Green Tree Servicing LLC

Attn: General Counsel

345 Saint Peter Street, #1100

Saint Paul, MN 55102

Telephone: (651) 293-3472

     36. DEFINITION OF LANDLORD AND TENANT; JOINT AND SEVERAL LIABILITY. The words Landlord and
Tenant used herein shall include the plural thereto and the necessary changes required to make the
provisions hereof apply to corporations, partnerships, associations, or men or women shall be
construed as if made. If two or more parties are referred to collectively under one designation,
the liability of each shall be joint and several.

     37. AUTHORITY. Each party hereby covenants, represents and warrants that each person
executing this Lease is duly authorized to execute and deliver this Lease.

     38. ANTI-TERRORISM CERTIFICATION. Tenant represents and warrants to Landlord that (a) Tenant
is not listed on the Specially Designated Nationals and Blocked Person List maintained by the
Office of Foreign Asset Control Department of the Treasury (“OFAC”) pursuant to the requirements of
Executive Order No. 13224, 66 Fed. Reg. 49079 (Sept 25, 2001) (the “Order”) or on any other lists
of terrorist or terrorist organizations (“Lists”) issued pursuant to the rules and regulations of
OFAC or in any other enabling legislation or other Executive Orders in respect thereof (the Order
and such other rules, regulations legislation or orders are collectively called the “Orders”); (b)
Tenant is not and will not be engaged in any activities prohibited in the Orders; (c) Tenant has
not been convicted of or pleaded nolo contendere to charges related to activity prohibited in the
Orders; and (d) Tenant will not permit the Premises to be used for activities prohibited in the
Orders nor permit the Premises to be occupied by any person on such Lists. Breach of these
representations constitutes a material breach of the Lease, as amended hereby, and shall entitle
Landlord to any and all remedies allowed by law.

     39. CHANGES REQUESTED BY LENDER. Neither Landlord nor Tenant shall unreasonably withhold its
consent to changes or amendments to this Lease requested by any lender of Landlord having a
security interest in the Building or this Lease, so long as these changes do not alter the basic
business terms of this Lease or otherwise materially diminish any rights or materially increase any
obligation of the party from whom consent to such change or amendment is requested.

     40. CONSENT. Intentionally deleted.

     41. PRIOR AGREEMENTS; AMENDMENTS. This Lease contains all of the agreements of the parties
with respect to any matter covered or mentioned in this Lease, and no prior agreement or

 

 

understanding pertaining to any such matter shall be effective for any purpose. No provisions
of this Lease may be amended or added to except by an agreement in writing signed by the parties or
their respective successors in interest.

     42. ATTORNEY FEES. In the event it becomes necessary for either party to file a suit to
enforce this Lease or any provisions contained therein, the party prevailing in such action shall
recover, in addition to all other remedies or damages, reasonable attorneys’ fees and court costs
incurred by such prevailing party in such suit.

     43. QUIET ENJOYMENT. Tenant, upon paying the Rent and performing all of its obligations under
this Lease, shall peaceably and quietly enjoy the Premises, subject to the terms of this Lease and
to any mortgage, lease or other agreement to which this Lease may be subordinate.

     44. MEMORANDUM OF LEASE. Landlord and Tenant agree that neither shall record this Lease;
provided, however, that upon the request of either party, the parties hereto agree to execute and
record a Memorandum of Lease summarizing the terms hereof, including Tenant’s option to extend the
Term of the Lease. The recording fees shall be paid by the party requesting the recordation. If a
Memorandum of Lease is recorded, Tenant agrees that it will, upon termination of the Lease,
promptly execute and deliver, in recordable form, a quit claim deed or other instrument reasonably
acceptable to Landlord evidencing that the Lease has been terminated and that Tenant makes no
further claim to the Premises.

     45. TIME OF THE ESSENCE. Time is of the essence in the performance of all obligations under
this Lease.

     46. DUTY OF REASONABLENESS. Unless a contrary standard or right is set forth in this Lease,
whenever Landlord or Tenant is granted a right to take action, exercise discretion, or make an
allocation, judgment or other determination, Landlord or Tenant shall act reasonably and in good
faith and take no action which might result in the frustration of the reasonable expectations of a
sophisticated tenant and a sophisticated landlord concerning the benefits to be enjoyed under this
Lease.

     47. COMPLIANCE WITH LAW. Landlord and Tenant shall each do all acts required to comply with
all applicable laws, ordinances, and rules of any public authority relating to their respective
maintenance obligations as set forth herein.

     48. WAIVER. The receipt of Rent or other charges by Landlord with knowledge of any breach of
this Lease by Tenant or of any default on the part of Tenant in the observance or performance of
any of the obligations or covenants of this Lease shall not be deemed to be a waiver of any
provisions of this Lease. No failure on the part of Landlord or Tenant, as the case may be, to
enforce any obligation or covenant herein contained, nor any waiver of any right hereunder by
Landlord or Tenant, as the case may be, unless in writing, shall discharge or invalidate such
obligation or covenant or affect the right of Landlord or Tenant, as the case may be, to enforce
the same in the event of any subsequent breach or default.

     49. INVALIDITY. If any part of this Lease or any part of any provisions hereof shall be
adjudicated to be void or invalid, then the remaining provision hereof not specifically so
adjudicated to be invalid shall be executed without reference to the part or portion so adjudicated
to be invalid shall be executed without reference to the part or portion so adjudicated insofar as
such remaining provisions are capable of execution.

 

 

     50. GOVERNING LAW. This Lease shall be subject to and governed by the laws of the State of
Minnesota, and all questions concerning the meaning and intention of the terms of this Lease and
concerning the validity hereof and questions relating to performance hereunder shall be adjudicated
and resolved in accordance with the laws of Minnesota, notwithstanding the fact that one or more of
the parties now is or may hereafter become a resident of a different state.

     51. HEADINGS. The headings of the paragraphs and subparagraphs of this Lease are for
convenience of reference only and do not form a part hereof and shall not be interpreted or
construed to modify, limit or amplify such paragraphs and subparagraphs.

     52. PARTIES IN INTEREST. This Lease shall inure to the benefit of and be binding upon the
heirs, executors, administrators, successors and assigns of Landlord; and shall inure to the
benefit of, subject to the provisions of Paragraph 26, and be binding upon the successors and
assigns of Tenant.

     53. COUNTERPARTS. This Lease may be executed in any number of counterparts, each of which
shall be deemed to be an original, but all of which shall constitute one and the same instrument.

     54. SECURITY DEPOSIT. Intentionally Deleted.

     55. RIGHT OF FIRST REFUSAL. Provided the Lease is then in full force and effect and there is
no uncured default thereunder, Tenant shall have the right of first refusal to lease additional
space in the Building consisting of approximately 7,940 rentable square feet in Suite 1400 on the
fourteenth (14th) floor and 2,386 rentable square feet in Suite 1375 on the thirteenth
(13th) floor (collectively, the “ROFR Area”). Such right of first refusal
shall be exercisable at the following times and upon the following conditions.

          (a) If during the Term of this Lease, Landlord receives a bona fide offer from a
prospective tenant (the “Prospective Tenant”) to lease premises (the “Offered
Premises”) in the Building containing all or any part of the ROFR Area, and Landlord
desires to accept such offer, Landlord shall notify Tenant of such fact. Tenant shall have a
period of five (5) business days from the date of delivery of such notice to notify Landlord
whether Tenant elects to exercise the right granted hereby to lease the Offered Premises. If
Tenant fails to give any notice to Landlord within the required five (5) business day period,
Tenant shall be deemed to have refused its right to lease all or any portion of the Offered
Premises.

          (b) If Tenant refuses its right to lease the Offered Premises, either by giving written
notice thereof or by failing to give any notice, or Tenant fails to timely execute a lease
amendment in accordance with subparagraph (c) below, Landlord shall thereafter have the right
to lease the Offered Premises to the Prospective Tenant and whether or not Landlord and the
Prospective Tenant enter into a lease agreement for the Offered Premises, Tenant shall have no
right of first refusal with respect to the ROFR Area until the later to occur of (i) one (1)
year following the date (A) Tenant refuses its right to lease the Offered Premises, either by
giving written notice thereof or failing to give any notice, or (B) Tenant fails to timely
execute a lease amendment expanding the Premises to include the Offered Premises (the “One
Year Period”), or (ii) the date the ROFR Area is again available to Landlord to lease
following the One Year Period.

          (c) If Tenant exercises its right to lease the Offered Premises, Landlord and Tenant
shall, within fifteen (15) business days after Tenant delivers to Landlord notice of its
election, enter into a lease agreement with respect to the Offered Premises on the same terms,
covenants, and conditions as are contained in this Lease, except as follows:

 

 

     (i) The rentable area of the Offered Premises shall be equal to the area
offered to be leased by the Prospective Tenant.

     (ii) The Rent rate to be paid for the Offered Premises shall be equal to
the Rent rate in effect under this Lease for the Premises and including all
increases from time to time in such rental rate.

     (iii) The term of the lease of the Offered Premises shall be co-terminous
with this Lease.

     (iv) Tenant shall receive an improvement allowance exclusively for the
Offered Premises equal to (i.e. $25.00 per r.s.f.) and in accordance with
Exhibit C hereto, except that, notwithstanding the foregoing, if the date of
exercise of Tenant’s right to lease the Offered Premises is at any time after
the twelfth (12th) month of the Lease Term, then the maximum amount
of Landlord’s Contribution shall be amortized by over the then-remaining Lease
Term.

          (d) Notwithstanding anything herein to the contrary, Tenant’s right of first refusal
pursuant to this paragraph shall be subordinate to any and all rights, including without
limitation, renewal rights, expansion rights, rights of first refusal and rights of first
offer, under any existing lease demising premises in the Building, including but not limited to
the pre-existing right of first offer rights of tenant Morgan Stanley Smith Barney Financing
LLC (or its successor) to certain space available in the Building. If any party with superior
rights to Tenant to the ROFR Area space declines to lease such space pursuant to such party’s
legal rights, then the ROFR Area will be offered to Tenant within ten (10) days thereof.

          (e) Any assignment or subletting by Tenant of this Lease, or any termination of this Lease
or termination of Tenant’s right to possess the Premises, shall terminate the refusal right of
Tenant hereby granted.

     56. Intentionally Deleted.

     57. NO BROKERS. Landlord and Tenant acknowledge and warrant that there are no brokers,
agents, or finders involved in this Lease transaction. Each party shall indemnify, protect, defend
and hold harmless the other party against all claims, demands, losses liabilities, lawsuits,
judgments, costs and expenses (including reasonable attorneys’ fees) for any leasing commission,
finder’s fee or similar compensation alleged to be owing on account of the indemnifying party’s
dealings with any real estate broker, agent or finder.

     58. PARKING. Upon payment for same as set forth herein, Tenant shall be entitled to the
following parking spaces in the Ramp Condominium area:

a. Basement (levels B1 and B2):Landlord shall return priority exiting of parking
ramp to the level B1 & B2 parkers.

     24 spaces at $195.00 per month per space, on a “24/7” basis. All rental rates stated
herein shall include sales tax. The spaces will be designated by Landlord for use by
Tenant, at Tenant’s expense. Tenant shall have the ongoing right to add up to five (5)
additional spaces

 

 

during the Lease Term at the same rate as the other spaces in the Basement. Tenant shall
have the right of first refusal with respect to basement level spaces that become available.
All additional spaces which are added can be surrendered by Tenant upon thirty (30) days
notice to Landlord. Tenant shall be allowed to sublease the parking spaces subject to
compliance with Section 26 of the Lease.

     b. General (levels D — J):

     28 spaces utilized at $175.00 per month per space on a “24/7” basis All rental rates
stated herein shall include sales tax. The spaces will be designated by Landlord for use by
Tenant, at Tenant’s expense. Tenant shall have the ongoing right to add up to 26 additional
spaces during the Lease Term at the same rate as the other spaces in the General levels,
subject to availability. All additional spaces which are added can be surrendered by Tenant
upon thirty (30) days notice to Landlord. Tenant shall be allowed to sublease the parking
spaces subject to compliance with Section 26 of the Lease.

     c. Condo Tenant (level L):

     6 spaces at $175.00 per month per space on a “24/7” basis. All rental rates stated
herein shall include sales tax. The spaces will be designated by Landlord for use by
Tenant, at Tenant’s expense. In the event Landlord sells any parking space located in the
Condo Level to a residential owner in the Park Towers Condominium, and there are no other
available spaces for Tenant’s use on the Condo Level, Landlord reserves the right to
relocate any of Tenant’s spaces on Level L to a different space elsewhere in the Parking
Ramp upon the same terms and conditions set forth herein. Tenant shall be allowed to
sublease the parking spaces subject to compliance with Section 26 of the Lease.

     59. STORAGE SPACE

     Storage Space (located in Parking Ramp)

     Tenant shall be entitled to use storage space at the rate $9.00 per s.f. for an area not to
exceed 1130 s.f. The monthly rate for the storage space shall be $847.50.

     60. LETTER OF CREDIT. Intentionally Deleted.

     61. GUARANTY. Tenant’s obligations under this Lease shall be guaranteed by GREEN TREE
INVESTMENT HOLDINGS II LLC, pursuant to a Guaranty in the form attached hereto as Exhibit D.

     62. TEMPORARY SPACE. Landlord hereby grants Tenant the use of certain temporary space as
described on Exhibit E hereto.

     63. DECK. At its sole cost, Tenant hereby agrees to cause a new paver deck and related
improvements (collectively, the “Deck”) to be constructed in the Deck Area during the
initial Lease Term. Tenant shall construct the Deck in accordance with plans and specifications
(the “Deck Plans”) approved in advance by both Landlord and the Master Condo Association
for Landmark Towers (the “Association”). The Deck Plans submitted for approval shall be
sufficiently detailed to obtain a building permit. Landlord’s approval shall not be unreasonably
withheld, conditioned, or delayed. Tenant shall

 

 

cause the Deck Plans to be prepared, at Tenant’s cost. Tenant shall cause any plans for any
mechanical, electrical and plumbing work to be submitted and approved in advance by Landlord’s
engineers. The Deck shall be constructed by a contractor reasonably acceptable to Landlord (the
“Contractor”). Tenant hereby agrees that the Deck Plans shall comply with all applicable
laws and regulations. Landlord’s approval of any of the Deck Plans (or any modifications or
changes thereto) shall not impose upon Landlord or its agents or representatives any obligation
with respect to the design of the Deck or the compliance of the Deck or the Deck Plans with
applicable laws and regulations.

     The Deck shall be constructed in a good and workmanlike manner, and only good grades of
material shall be used. The construction of the Deck shall be performed in such a fashion and by
such means as necessary to maintain a professional work environment in the areas surrounding the
space to be improved. Tenant shall only use labor that will work in peace and harmony with other
contractors and workers serving the Building in constructing the Deck. Tenant shall permit
Landlord to observe and monitor the construction of the Deck.

     If, as a result of the construction of the Deck or any portion thereof, Landlord is obligated
to comply with the Americans With Disabilities Act or any other law or regulation and such
compliance requires Landlord to make any improvement or alteration to any portion of the Project,
as a condition to Landlord’s consent, Landlord shall have the right to require Tenant to pay to
Landlord prior to the construction of the Deck, the entire cost of any improvement or alteration
Landlord is obligated to complete by such law or regulation. Tenant agrees to obtain or cause its
contractor to obtain, prior to the commencement of any work, “builders all risk” insurance in an
amount approved by Landlord and workers compensation insurance. If Landlord consents to certain
Deck Plans, the consent shall be deemed conditioned upon Tenant acquiring a building permit from
the applicable governmental agencies, furnishing a copy thereof to Landlord prior to the
commencement of the work, and compliance by Tenant with all conditions of said permit in a prompt
and expeditious manner. Tenant shall provide Landlord with as-built plans and specifications for
the Deck. Tenant shall pay, when due, all claims for labor or materials furnished or alleged to
have been furnished to or for Tenant at the Deck, which claims are or may be secured by any
mechanic’s or materialmen’s lien against the Project, or any interest therein. Tenant shall give
Landlord not less than ten (10) days’ advance written notice prior to the commencement of any work
on the Deck by Tenant, and Landlord shall have the right to post notices of non-responsibility in
or on the Project.

     64. EXPANSION OPTION. Tenant is hereby granted the Expansion Option described at Exhibit
F hereto, which is incorporated herein by this reference.

     65. SECOND EXPANSION OPTION. Tenant is hereby granted the Second Expansion Option described
at Exhibit G hereto, which is incorporated herein by this reference.

     The parties hereto have duly executed this Agreement of Lease effective as of the date and
year first written above.

	 	 	 	 	 
	 	LANDLORD:

A.CUSENZA-LANDMARK TOWERS LLC, INEICHEN-LANDMARK TOWERS LLC,
PLASTIC-LANDMARK TOWERS LLC, CATTANEO-LANDMARK TOWERS LLC,
DND-LANDMARK TOWERS LLC, CHAIKIN-LANDMARK TOWERS LLC,
HOWELLS-LANDMARK TOWERS LLC, GARCIA-LANDMARK TOWERS LLC,
KARLESKINT-
 	 

 

 

	 	 	 	 	 
	 	LANDMARK TOWERS LLC, USALIS-LANDMARK TOWERS LLC,
CUSENZA-LANDMARK TOWERS LLC, SENSENBAUGH-LANDMARK TOWERS LLC,
PAREDERO-LANDMARK TOWERS LLC, BAINTER-LANDMARK TOWERS LLC,
SMG-LANDMARK TOWERS LLC, L. O’DONNELL-LANDMARK TOWERS LLC, M.
O’DONNELL-LANDMARK TOWERS LLC, PILLSBURY-LANDMARK TOWERS LLC,
BARRY-LANDMARK TOWERS LLC, R&R-LANDMARK TOWERS LLC,
SHARP-LANDMARK TOWERS LLC, ETZEL-LANDMARK TOWERS LLC,
MAXWELL-LANDMARK TOWERS LLC, VENTURI-LANDMARK TOWERS LLC,
BRUNDIDGE-LANDMARK TOWERS LLC, SGB-LANDMARK TOWERS LLC,
EDWARDS-LANDMARK TOWERS LLC, AND BSITES-LANDMARK TOWERS LLC,
each a Delaware limited liability company
(“Landlord”), their successors and assigns, acting by
and through TNPPM LANDMARK, LLC (“Agent” for
Landlord), wholly-owned by TNP Property Manager, LLC
 	 

	 	 	 	 	 

	 

	 	By:
	 	TNPPM Landmark, LLC,

    a Delaware limited liability company
	 
	 

	 	Its:
	 	as Agent for Landlord
	 
	 

	 	 	 	By:  TNP Property Manager, LLC

    a Delaware limited liability company
	 
	 

	 	 	 	Its:  Sole Member
	 
	 

	 	 	 	By:  Thompson National Properties, LLC

    a Delaware limited liability company
	 
	 

	 	 	 	Its:  Sole Member

	 	 	 	 	 
	 	 	 
	 	By:  	
 
	 	 	Title: 	 
	 	 	Date: 	 

	 	 	 	 	 
	 	WITNESSES AS TO LANDLORD:

________________________

 	 

	 	 	 	 	 
	 	________________________

(Print name as signed above)

________________________

________________________

(Print name as signed above)

 	 

 

 

	 	 	 	 	 
	 	TENANT:

GREEN TREE SERVICING LLC

a Delaware limited liability company
 	 

	 	 	 	 	 
	 	 	 
	 	By:  	
 
	 	 	Name:  	
     
	 	 	Title:  	
     
	 	 	Date:  	
     

	 	 	 	 	 
	 	WITNESSES AS TO TENANT:

________________________

________________________

(Print name as signed above)

________________________

________________________

(Print name as signed above)

 	 

 

 

EXHIBIT A

Premises

	 	 	 	 	 
	Suite	 	Sq. Ft.	 
	300
	 	 	3,762	 
	400
	 	 	2,782	 
	500
	 	 	22,015	 
	600
	 	 	16,764	 
	700
	 	 	4,166	 
	800
	 	 	11,597	 
	900
	 	 	11,597	 
	1000
	 	 	11,597	 
	1100
	 	 	11,597	 
	1235
	 	 	1,429	 
	1410
	 	 	3,657	 
	1700
	 	 	11,597	 
	 
	 	 	 
	Total Sq. Ft.
	 	 	112,560	 
	 
	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

EXHIBIT B

TENANT’S INSURANCE REQUIREMENTS

     This outlines the insurance requirements of your Lease. To assure compliance with these
terms, we suggest you send a copy of this Exhibit to your insurer or agent. Initial Certificates
must be provided to Landlord prior to occupancy of the Premises, renewals ten (10) days before
expiration.

	 	1.	 	Commercial General Liability Insurance:
	 
	 	 	 	$1,000,000 Combined Single Limit, each occurrence
	 
	 	 	 	$2,000,000 Aggregate (minimum) this location
	 
	 	 	 	$2,000,000 Products/Completed Operations Aggregate
	 
	 	 	 	$500,000 Fire Legal Liability Limit, per fire
	 
	 	 	 	Bodily Injury, Property Damage, Personal Injury and Advertising Injury; Blanket
Contractual Liability — Covering Indemnity 14; Products and Completed Operations
Liability; Landlord as an Additional Insured; Severability of Interest, permitting
Cross liability among insureds; provision stating that tenant’s insurance is primary
and non-contributing with any insurance carried by Landlord.
	 
	 	2.	 	$2,000,000.00 Umbrella coverage
	 
	 	3.	 	Tenant’s Property Insurance:
	 
	 	 	 	All Risks coverage of Property owned by Tenant or for which the Tenant is legally
liable; replacement cost basis, covering no less than 90% of all values.
	 
	 	4.	 	Tenant’s Business Interruption Insurance
	 
	 	 	 	All Risks coverage of operations at Premises; covering one-year’s business
interruption due to insured peril.
	 
	 	5.	 	Tenant’s Workers’ Compensation and Employer’s Liability Insurance (if applicable):
	 
	 	 	 	Statutory Limits and terms required by the state in which the Premises are located,
$2,000,000 Employer’s Liability Limit.
	 
	 	6.	 	Tenant’s Automobile Insurance (if requested):
	 
	 	 	 	$2,000,000 Combined Limit per accident; covering all owned, non-owned, hired autos
(Symbol 1 — any auto).

     All insurance is to be with licensed insurers having a Best’s rating of “A -” or better, and
must include the following:

Waiver of Subrogation in favor of Landlord
Thirty (30) day pre-notice of cancellation and/or renewal to Landlord

SEND CERTIFICATE TO:

Thompson National Properties, LLC

Attention: Lease Administration

1900 Main Street, Suite 700

41

 

Irvine, California 92614

With a
copy to:

Thompson National Properties, LLC

345 St. Peter Street

St. Paul, Minnesota

The policies shall name, as additional insureds, Landlord, Thompson National Properties, LLC, and
its affiliates, TNP Property Manager, LLC, on a primary and non-contributory basis on general
liability against claims for bodily injury, personal injury and property damage based upon,
involving or arising out of the ownership, use, occupancy or maintenance of the Premises and all
areas appurtenant thereto Landlord.

 

 

EXHIBIT C

TENANT FINISH-WORK: ALLOWANCE

     1. Except as set forth on this Exhibit, Tenant accepts the Premises “AS-IS” and acknowledges
that Landlord has no obligation to make or otherwise pay for any improvements, alterations or
repairs thereto.

     2. IMPROVEMENTS. Tenant shall improve the 10th Floor Premises in accordance with
plans and specifications approved in advance by Landlord (the “Plans”), which approval
shall not be unreasonably withheld, conditioned, or delayed (such improvements are referred to
herein as the “Improvements”). Tenant shall perform the Improvements at its own cost,
subject to the Landlord’s Contribution (hereinafter defined). Tenant shall cause the Plans to be
prepared, at Tenant’s cost. Tenant shall cause any plans for any mechanical, electrical and
plumbing work to be submitted and approved in advance by Landlord’s engineers. Tenant shall
furnish the initial draft of the Plans to Landlord for its review and approval. Landlord shall
within seven (7) days after receipt either provide comments to such Plans or approve the same. If
Landlord provides Tenant with comments to the initial draft of the Plans, Tenant shall provide
revised Plans to Landlord incorporating Landlord’s comments within seven (7) days after receipt of
Landlord’s comments. Landlord shall within seven (7) days after receipt then either provide
comments to such revised Plans or approve such Plans. The process described above shall be
repeated, if necessary, until the Plans have been finally approved by Landlord. The Improvements
shall be performed by a contractor reasonably acceptable to Landlord (the “Contractor”).
Tenant hereby agrees that the Plans for the Improvements shall comply with all applicable laws and
regulations. Landlord’s approval of any of the Plans (or any modifications or changes thereto)
shall not impose upon Landlord or its agents or representatives any obligation with respect to the
design of the Improvements or the compliance of such Improvements or the Plans with applicable laws
and regulations.

     The contractor Tenant chooses to perform the construction of the Improvements shall be subject
to the approval of Landlord, which approval shall not be unreasonably withheld, conditioned, or
delayed. All Improvements shall be constructed in a good and workmanlike manner, and only good
grades of material shall be used. All Improvements shall be performed in such a fashion and by
such means as necessary to maintain a professional work environment in the areas surrounding the
space to be improved. Tenant shall only use labor that will work in peace and harmony with other
contractors and workers serving the Building in constructing the Improvements. Tenant shall avoid
actions which interfere with or delay the activities of other contractors serving the Building and
other tenants. Tenant shall permit Landlord to observe and monitor all Improvements.

     3. CHANGE ORDERS. If Tenant shall require improvements (“Change Orders”) to the
10th Floor Premises in addition to or substitution for the Improvements, Tenant shall
deliver to Landlord for its approval, which approval will not be unreasonably withheld or delayed,
plans and specifications for such Change Orders. Landlord shall within 1 week after receipt of
such initial draft of plans and specifications for the Change Orders (the “Change Order
Plans”) either provide comments to such Change Order Plans or approve the same, and Landlord’s
failure to respond within seven (7) days after receipt of such initial draft shall be deemed
approval. If Landlord provides Tenant with comments to the initial draft of the Change Order
Plans, Tenant shall provide revised Change Order Plans to Landlord incorporating Landlord’s
comments within seven (7) days after receipt of Landlord’s comments. Landlord shall then either
provide comments to such revised Change Order Plans or approve such Change Order Plans. The
process described in the previous sentence shall be repeated, if necessary, until the Change Order
Plans

 

 

have been finally approved by Landlord. Tenant shall pay for all preparations and revisions of the
Change Order Plans and the construction of all Change Orders.

     4. LANDLORD’S CONTRIBUTION. Landlord shall contribute an amount equal to the lesser of (i)
the total cost of the Improvements, Plans and Change Orders, or (ii) $25.00 per rentable square
foot in the 10th Floor Premises, i.e. $289,925.00 (the lesser amount is the
“Landlord’s Contribution”) to be applied toward the costs incurred by Tenant for the
Improvements, Plans and Change Orders. If the cost of the Improvements, Plans and Change Orders
exceeds the Landlord’s Contribution, Tenant shall pay all of such excess costs. Tenant shall not
be entitled to Landlord’s Contribution until after Landlord has received (a) all invoices, (b)
evidence satisfactory to Landlord that the work covered by such invoices has been completed in a
satisfactory manner, (c) all necessary lien waivers and sworn affidavits, (d) marked reproducible
copies of the originally approved Plans showing all substantial changes made in constructing the
Improvements during such period from the Plans as originally approved, (e) such other
documentation as Landlord may reasonably require under the circumstances. Tenant shall deliver
reproducible as-built Plans to Landlord at the conclusion of Improvements. Following completion
of the Improvements and Tenant’s compliance with all of the terms herein, Landlord’s Contribution
will be provided to Tenant in the form of a monthly Rent credit, amortized evenly over the
remaining Term of the Lease.

 

 

EXHIBIT D

LEASE GUARANTY

     The undersigned (“Guarantor”) in consideration of, and in order to induce A.CUSENZA-LANDMARK
TOWERS LLC, INEICHEN-LANDMARK TOWERS LLC, PLASTIC-LANDMARK TOWERS LLC, CATTANEO-LANDMARK TOWERS
LLC, DND-LANDMARK TOWERS LLC, CHAIKIN-LANDMARK TOWERS LLC, HOWELLS-LANDMARK TOWERS LLC,
GARCIA-LANDMARK TOWERS LLC, KARLESKINT-LANDMARK TOWERS LLC, USALIS-LANDMARK TOWERS LLC,
CUSENZA-LANDMARK TOWERS LLC, SENSENBAUGH-LANDMARK TOWERS LLC, PAREDERO-LANDMARK TOWERS LLC,
BAINTER-LANDMARK TOWERS LLC, SMG-LANDMARK TOWERS LLC, L. O’DONNELL-LANDMARK TOWERS LLC, M.
O’DONNELL-LANDMARK TOWERS LLC, PILLSBURY-LANDMARK TOWERS LLC, BARRY-LANDMARK TOWERS LLC,
R&R-LANDMARK TOWERS LLC, SHARP-LANDMARK TOWERS LLC, ETZEL-LANDMARK TOWERS LLC, MAXWELL-LANDMARK
TOWERS LLC, VENTURI-LANDMARK TOWERS LLC, BRUNDIDGE-LANDMARK TOWERS LLC, SGB-LANDMARK TOWERS LLC,
EDWARDS-LANDMARK TOWERS LLC, AND BSITES-LANDMARK TOWERS LLC, each a Delaware limited liability
company (“Landlord”), their successors and assigns, acting by and through TNPPM LANDMARK,
LLC (“Agent” for Landlord), wholly-owned by TNP Property Manager, LLC to enter into the
attached Agreement of Lease (“Lease”) with Green Tree Servicing LLC, a Delaware limited
liability company (“Tenant”), does hereby jointly and severally unconditionally guarantee
to Landlord and Landlord’s heirs, successors and assigns the payment of rent and the performance of
all obligations expressed as to be performed by Tenant under the terms and provisions of the Lease,
including payment of damages for any breach of the Lease, and any liability of Tenant accruing
under the Lease for any period preceding as well as any period following the Term of the Lease
(collectively, the “Lease Obligations”). Guarantor’s obligation under this Guaranty shall extend
through the Term of the Lease, and any renewals, extensions or holdovers thereof, and shall be
binding upon Guarantor’s heirs, successors and assigns.

     Whether or not any existing relationship between the Guarantor and Tenant has been changed or
ended and whether or not this Guaranty has been revoked, Landlord may, but shall not be
obligated to,
enter into transactions resulting in the modification, creation or continuance of the Lease
Obligations,
without any consent or approval by Guarantor and without any notice to Guarantor. The
liability of
Guarantor shall not be affected or impaired by any of the following acts or things (which
Landlord is
expressly authorized to do, omit or suffer from time to time, both before and after
revocation of this
Guaranty): (i) any one or more extensions or renewals of the Lease Obligations (whether or
not for
longer than the original period) or any modification of the contractual terms applicable to
the Lease
Obligations; (ii) any waiver or indulgence granted to Tenant, any delay or lack of diligence
in the
enforcement of the Lease Obligations, or any failure to institute proceedings, me a claim,
give any
required notices or otherwise protect any other person liable in respect of any of the Lease
Obligations;
(iii) the assertion by Landlord of any right or remedy available under the Lease, including
without
limitation the termination thereof; (iv) any full or partial release of, settlement with, or
agreement not to
sue, Tenant or any other guarantor or other person liable in respect of any of the Lease
Obligations; or
(v) any release or discharge of Tenant in any creditor, receivership, bankruptcy or other
proceeding; the
impairment, limitation or modification of any liability of Tenant or remedy against Tenant in
any such
proceeding; or the rejection, disaffirmance, disallowance or the like of the Lease or this
Guaranty in any
such proceeding.

     Notwithstanding anything contained herein to the contrary, by acceptance of this Lease
Guaranty,
Landlord acknowledges that Landlord must first exhaust or pursue Landlord’s remedies
available under
the Lease, before Landlord proceeds directly, and recovers, against the Guarantor.

 

 

     Guarantor hereby waives notice of acceptance hereof, or any action taken or omitted in
reliance
hereof, or of any default of Tenant under the Lease.

     Guarantor will not exercise or enforce any right of contribution, reimbursement, recourse or
subrogation available to Guarantor against any person liable for payment of the Lease
Obligations, or as
to any collateral security therefor, unless and until all of the Lease Obligations shall have
been fully paid
and discharged.

     Guarantor jointly and severally agrees to pay all costs and expenses, including reasonable
attorney’s fees, incurred by Landlord in connection with the protection, defense or
enforcement of this
Guaranty.

	 	 	 	 	 
	 	GREEN TREE INVESTMENT HOLDINGS II LLC,

a Delaware limited liability company

 	 
	 	By:  	 	 
	 	 	Name: 	 	 
	 	 	 Its:  	 	 

 

 

	 	 	 	 	 

EXHIBIT E

TEMPORARY SPACE

     1. Temporary Space; Use; Condition. Subject to the terms and provisions of this
Exhibit, Landlord hereby grants Tenant a temporary license to use Suite 1400, consisting of
approximately 7,940 square feet (“Suite 1400”), and Suite 1375, consisting of approximately
2,386 square feet (“Suite 1375”) (Suites 1400 and 1375 are collectively referred to herein
as the “Temporary Space”) from after the full execution and delivery of this Lease until
the earliest of the following dates (i) October 31, 2011, (ii) upon the substantial completion of
the Tenant Improvements in the 10th Floor Premises and the 10th Floor
Premises are ready for occupancy, or (iii) thirty (30) days after receipt of written notice from
Landlord as described below (the earliest to occur of the three aforementioned dates is hereinafter
referred to as the “Temporary Space Termination Date”). In the event that Landlord
procures a tenant for Suite 1400 or Suite 1375 or any portion thereof, Landlord will provide Tenant
written notice and Tenant shall vacate the Temporary Space no later than thirty (30) days after
receipt of such written notice from Landlord. If Tenant fails to timely vacate the Temporary
Space, then Tenant shall be in default of the Lease.

     Tenant shall use and occupy the Temporary Space for the sole and limited purpose of operating
an office (the “Permitted Use”) and for no other purpose whatsoever. The Temporary Space
shall not be used for any illegal purpose, nor in violation of any valid law, statue, code, rule or
regulation of any governmental body, nor in any manner to create any nuisance or trespass, nor in
any manner which will void the insurance or increase the rate of insurance on the Temporary Space
or the Building, nor in any manner inconsistent with the first-class nature of the Building.
Tenant shall obtain, at Tenant’s expense, all permits, licenses or other governmental approvals
required for its use of the Temporary Space for the Permitted Uses hereunder. Tenant hereby agrees
that all terms and provisions of the Lease shall apply to the Temporary Space as if the Temporary
Space were a part of the Premises.

     Licensee hereby accepts the Temporary Space in its “AS-IS” condition.

     2. Rent. Beginning July 1, 2011 and until the earlier to occur of: (i) the date which
is ninety (90) days after both Landlord and Tenant execute and deliver this Lease to the other
party, or (ii) the Temporary Space Termination Date pursuant to the terms of this Exhibit, Tenant
shall pay no Rent for the Temporary Space except for monthly Additional Rent calculated at the rate
of 3,000 rentable square feet at the annual rate of $12.54 per rentable square foot (i.e. $3,135.00
per month). If, however, Tenant remains in possession of, or fails to timely surrender, all or any
portion of the Temporary Space after the Temporary Space Termination Date, then Tenant shall pay
Base Rent for such occupied space at the per square foot Base Rent Rate then in effect for the
Premises as described at Section 3 (“Base Rent”) of this Lease as well as applicable
Additional Rent.

     3. Maintenance; Surrender. During Tenant’s occupancy of the Temporary Space
hereunder, Tenant shall, at Tenant’s sole cost and expense, maintain the Temporary Space in a good,
clean and sanitary condition. Tenant shall further, at its own cost and expense, repair or restore
any damage or injury to all or any part of the Temporary Space caused by Tenant or its agents,
employees, invitees, licensees, visitors or contractors. If Tenant fails to make such repairs or
replacements promptly, Landlord may, at its option, upon prior reasonable notice to Tenant (except
in an emergency) make the required repairs and replacements and the costs of such repair or
replacements shall be charged to Tenant and shall be due and payable by Tenant within ten (10) days
following receipt of Landlord’s invoice therefor. At the end of the Tenant’s occupancy of the
Temporary Space pursuant to this Exhibit, Tenant shall surrender the Temporary Space to Landlord in
broom clean condition, and otherwise in substantially the same condition such Temporary Space is in
as of the date hereof, reasonable wear and tear excepted.

 

 

EXHIBIT F

EXPANSION OPTION

     Subject to and subordinate to any and all rights, including without limitation, renewal
rights, expansion rights, rights of first refusal and rights of first offer, under any existing
lease demising premises in the Building, including but not limited to the pre-existing right of
first offer rights of tenant Morgan Stanley Smith Barney Financing LLC (or its successor), Tenant
shall have the expansion option (the “Expansion Option”) to lease any then available space
in the Building (collectively, the “Expansion Space”), in accordance with and subject to
each of the following terms and conditions:

     1. Expansion Option Deadline. On or before the expiration of the initial Lease Term,
Tenant shall have the option to expand the Premises to include the Expansion Space or any portion
thereof on the same Rent rate per rentable square foot then in effect and terms and conditions of
this Lease (the “Expansion Space Terms”) except (a) the Lease Term for the Expansion Space
shall commence ten (10) days following Landlord’s receipt of the Expansion Space Acceptance Notice
(defined below), and (b) all allowances, concessions, security deposits and similar terms for the
Expansion Space shall be proportionally adjusted by Landlord in Landlord’s discretion, provided
that no Superior Right Holder (hereinafter defined) wishes to lease the Expansion Space, except
that notwithstanding the foregoing, the tenant improvement allowance for the Expansion Space shall
be $25 per rentable square foot provided that the Expansion Option is exercised no later than
December 31, 2011 and provided Tenant begins paying Rent on such Expansion Space no later than two
(2) calendar months after the exercise of the Expansion Option. If the Expansion Option is
exercised after December 31, 2011, then the $25 per rentable square foot improvement allowance
shall be reduced monthly based upon the proportion of time remaining then left in the Term.

     2. Procedure for Acceptance. If Tenant wishes to exercise the Expansion Option,
Tenant shall deliver written notice to Landlord (a “Expansion Space Acceptance Notice{xe “First Offer Notice”}”) of
Tenant’s exercise of the Expansion Option prior to the Expansion Option Deadline. If Tenant does
not timely exercise the Expansion Option, then the Expansion Option as set forth in this exhibit
shall terminate as to all of the Expansion Space.

     3. Construction in Expansion Space. The construction of any improvements in the
Expansion Space shall comply with the terms of the Lease.

     4. Term Coterminous. The Term with respect to the Expansion Space shall be
coterminous with the Term with respect to the Premises.

     5. Superior Right Holders. Notwithstanding the foregoing, the Expansion Option shall
commence only following the expiration or earlier termination of the existing leases (including
renewals, regardless of whether or not such renewals are pursuant to renewal options) of the
Expansion Space, and the Expansion Option shall be subordinate to all tenants and subtenants (and
the rights of all tenants and subtenants under leases of the Expansion Space) existing as of the
date hereof, and all rights of other tenants of the Project, which rights relate to the Expansion
Space and which rights are set forth in leases of space in the Project existing as of the date
hereof, each including any renewal, extension, expansion, first offer, first negotiation and other
similar rights, regardless of whether such rights are executed strictly in accordance with their
respective terms or pursuant to lease amendments or new leases (all such tenants under existing
leases of the Expansion Space and other tenants of the Project, collectively, the “Superior
Right Holders{xe “Superior Right Holders”}”).

 

 

     6. Occupancy of Premises. The Expansion Option may only be exercised while Tenant is
occupying the entire Premises, and at Landlord’s election any delivery of a Expansion Space
Acceptance Notice during any period of time in which Tenant is not occupying the entire Premises
shall be null and void and of no effect.

     7. Tenant’s Default. Notwithstanding the foregoing, (a) Tenant shall have no right to
exercise the Expansion Option at any time in which an event exists which, with notice or lapse of
time or both, would constitute a default under this Lease, and any exercise during such period of
time shall be null and void and of no effect, (b) if a default occurs under the Lease prior to
Tenant’s exercise of the Expansion Option (in accordance with Section 2 hereof), the Expansion
Option shall automatically become null and void, and (c) if after Tenant’s exercise of the
Expansion Option (in accordance with Section 2 hereof) but before the commencement of the term with
respect to the Expansion Space an event exists which, with notice or lapse of time or both, would
constitute a default under the Lease, then Landlord may elect, but is not obligated, by written
notice given to Tenant to cancel and declare null and void Tenant’s exercise of the Expansion
Option. If Landlord does not cancel Tenant’s exercise of the Expansion Option, Tenant shall cure
the default within the period of time specified in the Lease.

     8. No Expansion Option After Sublease or Assignment. The Expansion Option is personal
to the originally named Tenant in the Lease or Lease amendment to which this exhibit is attached.
If an assignment or sublease occurs, the Expansion Option shall be deemed null and void and neither
Tenant nor any transferee shall have the right to exercise the Expansion Option. This condition
may be waived by Landlord at its sole discretion and may not be used by Tenant as a means to negate
the effectiveness of Tenant’s exercise of the Expansion Option.

     9. Other Terms of Lease Apply. Except for the specific terms applicable to the
Expansion Space, all other terms and conditions of the Lease shall apply to the Expansion Space.

     10. Amendment to Lease. Subject to the terms of this Exhibit, promptly after Tenant’s
exercise of the Expansion Option, Landlord shall deliver to Tenant an amendment to the Lease to
reflect the addition of the applicable Expansion Space. Within 10 days thereafter, Tenant shall
execute and return the amendment. If Tenant fails to return the amendment within such 10 day
period, at Landlord’s written election, Tenant’s rights under this Exhibit shall be deemed
terminated and Tenant shall have no further right to the Expansion Space.

 

 

EXHIBIT G

SECOND EXPANSION OPTION

     Subject to and subordinate to any and all rights, including without limitation, renewal
rights, expansion rights, rights of first refusal and rights of first offer, under any existing
lease demising premises in the Building, including but not limited to the pre-existing right of
first offer rights of tenant Morgan Stanley Smith Barney Financing LLC (or its successor), Tenant
shall have the expansion option (the “Second Expansion Option”) to lease any then available
space in the Building (collectively, the “Expansion Space”), in accordance with and subject
to each of the following terms and conditions:

     1. Second Expansion Option Deadline. On or before the expiration of the initial
Lease Term, Tenant shall have the option to expand the Premises to include the Expansion Space or
any portion thereof on the Rent rate plus $2.00 per rentable square foot then in effect and terms
and conditions of this Lease (the “Expansion Space Terms”) except (a) the Lease Term for
the Expansion Space shall commence ten (10) days following Landlord’s receipt of the Expansion
Space Acceptance Notice (defined below), and (b) all allowances, concessions, security deposits and
similar terms for the Expansion Space shall be proportionally adjusted by Landlord in Landlord’s
discretion, provided that no Superior Right Holder (hereinafter defined) wishes to lease the
Expansion Space, except that notwithstanding the foregoing,

     2. Procedure for Acceptance. If Tenant wishes to exercise the Second Expansion
Option, Tenant shall deliver written notice to Landlord (a “Expansion Space Acceptance
Notice”) of Tenant’s exercise of the Second Expansion Option prior to the Second Expansion
Option Deadline. If Tenant does not timely exercise the Second Expansion Option, then the Second
Expansion Option as set forth in this exhibit shall terminate as to all of the Expansion Space.

     3. Construction in Expansion Space. The construction of any improvements in the
Expansion Space shall comply with the terms of the Lease.

     4. Term. The Term with respect to the Expansion Space can be for any length of term
which is mutually-agreeable to Landlord and Tenant, but no less than three (3) full months.

     5. Superior Right Holders. Notwithstanding the foregoing, the Second Expansion Option
shall commence only following the expiration or earlier termination of the existing leases
(including renewals, regardless of whether or not such renewals are pursuant to renewal options) of
the Expansion Space, and the Second Expansion Option shall be subordinate to all tenants and
subtenants (and the rights of all tenants and subtenants under leases of the Expansion Space)
existing as of the date hereof, and all rights of other tenants of the Project, which rights relate
to the Expansion Space and which rights are set forth in leases of space in the Project existing as
of the date hereof, each including any renewal, extension, expansion, first offer, first
negotiation and other similar rights, regardless of whether such rights are executed strictly in
accordance with their respective terms or pursuant to lease amendments or new leases (all such
tenants under existing leases of the Expansion Space and other tenants of the Project,
collectively, the “Superior Right Holders{xe
“Superior Right Holders”}”).

     6. Occupancy of Premises. The Second Expansion Option may only be exercised while
Tenant is occupying the entire Premises, and at Landlord’s election any delivery of a Expansion
Space Acceptance Notice during any period of time in which Tenant is not occupying the entire
Premises shall be null and void and of no effect.

 

 

     7. Tenant’s Default. Notwithstanding the foregoing, (a) Tenant shall have no right to
exercise the Second Expansion Option at any time in which an event exists which, with notice or
lapse of time or both, would constitute a default under this Lease, and any exercise during such
period of time shall be null and void and of no effect, (b) if a default occurs under the Lease
prior to Tenant’s exercise of the Second Expansion Option (in accordance with Section 2 hereof),
the Second Expansion Option shall automatically become null and void, and (c) if after Tenant’s
exercise of the Second Expansion Option (in accordance with Section 2 hereof) but before the
commencement of the term with respect to the Expansion Space an event exists which, with notice or
lapse of time or both, would constitute a default under the Lease, then Landlord may elect, but is
not obligated, by written notice given to Tenant to cancel and declare null and void Tenant’s
exercise of the Second Expansion Option. If Landlord does not cancel Tenant’s exercise of the
Second Expansion Option, Tenant shall cure the default within the period of time specified in the
Lease.

     8. No Expansion Option After Sublease or Assignment. The Second Expansion Option is
personal to the originally named Tenant in the Lease or Lease amendment to which this exhibit is
attached. If an assignment or sublease occurs, the Second Expansion Option shall be deemed null
and void and neither Tenant nor any transferee shall have the right to exercise the Second
Expansion Option. This condition may be waived by Landlord at its sole discretion and may not be
used by Tenant as a means to negate the effectiveness of Tenant’s exercise of the Second Expansion
Option.

     9. Other Terms of Lease Apply. Except for the specific terms applicable to the
Expansion Space, all other terms and conditions of the Lease shall apply to the Expansion Space.

     10. Amendment to Lease. Subject to the terms of this Exhibit, promptly after Tenant’s
exercise of the Second Expansion Option, Landlord shall deliver to Tenant an amendment to the Lease
to reflect the addition of the applicable Expansion Space. Within 10 days thereafter, Tenant shall
execute and return the amendment. If Tenant fails to return the amendment within such 10 day
period, at Landlord’s written election, Tenant’s rights under this Exhibit shall be deemed
terminated and Tenant shall have no further right to the Expansion Space.exv10w2

Exhibit 10.2

Final

GREEN TREE

SEVERANCE PLAN

FOR SENIOR EXECUTIVES

	 	1.	 	Purpose of the Plan. The purpose of the Plan is to provide severance related
benefits to selected eligible employees of the Company whose employment relationship is
involuntarily terminated under certain qualifying circumstances.
	 
	 	2.	 	Definitions. The following terms used in the Plan shall have the meanings set
forth below:

          (a)
“Accrued Obligations” shall mean (i) any unpaid portion of such
Participant’s annual base salary through the Termination Date; (ii) any annual bonus declared but
unpaid for the calendar year prior to the year of the Termination Date; (iii) amounts vested and
payable but unpaid to the Participant pursuant to the terms of the Senior Management Compensation
Plan, the Senior Management Retention Program or other employee benefit plan (iv) any
reimbursement for out-of-pocket expenses incurred in connection with such Participant’s employment
with the Company (upon presentation of appropriate vouchers or other satisfactory evidence thereof
and otherwise in accordance with Company policy); and (v) such Participant’s accrued but unused
vacation, through the Termination Date.

          (b) “Administrator” shall mean a committee of two or more individuals appointed from
time to time by the Board to administer the Plan; provided that, for any period for which
no such committee has been appointed, the term “Administrator” shall refer to the Board.

          (c) “Beneficiary” shall mean a Participant’s beneficiaries upon the death of such
Participant as designated in writing and filed with the Company prior to the death of the
Participant or, in the absence of such written designation, such Participant’s estate (by will, by
the laws of descent and distribution or otherwise).

          (d)
“Board” shall mean the Board of Directors of the GTH LLC.

          (e) “Business” shall mean the business of, or related to, consumer finance
(including origination, servicing, asset acquisition, insurance and deficiency collections).

          (f )“Cause” shall mean, when used in connection with the termination of a
Participant’s employment, unless otherwise defined in another written agreement in
effect at such time, the termination of the Participant’s employment with the Company on account
of (i) a Participant’s non-performance or non-observance in any material respect of any requirement
with respect to the Participant’s employment (other than as a result of Disability or injury and not
including a failure to achieve any performance objectives); (ii) the Participant’s gross
negligence which is substantially injurious to the Company or Centerbridge (whether financially,
reputationally or otherwise); (iii) the Participant’s willful misconduct which is substantially
injurious to the Company or Centerbridge (whether financially, reputationally or otherwise); (iv)
the Participant’s material breach of the Plan or any other agreement with the Company; (v) the
Participant’s material breach of written Company policies which is substantially injurious to the

1

 

Company or
Centerbridge (whether financially or reputationally or otherwise); (vi) a breach by a
Participant of the Participant’s fiduciary duty or duty of loyalty to the Company; (vii) the
Participant’s disclosure of or unauthorized removal from the premises of the Company of any
document (in any medium or form) containing material Confidential Information other than in
connection with the good faith performance of the Participant’s duties with respect to his or her
employment with the Company; (vii) a violation of any restrictive covenants or confidentiality
obligations to the Company; (ix) the commission by the Participant of any felony or other serious
crime involving moral turpitude; or (x) a violation by the Participant of any applicable
regulatory requirements resulting in a license suspension or revocation or a material enforcement
action by any governmental body to which the Company is subject other than an immaterial violation
that does not significantly reflect on the Participant’s
character. Any rights the Company may
have hereunder in respect of the events giving rise to Cause shall be in addition to the rights
the Company may have under any other agreement with the Participant or at law or in equity.

          (g) “Centerbridge” shall mean Centerbridge Capital Partners L.P. and affiliates.

          (h) “Code” shall mean the Internal Revenue Code of 1986, as amended, and any
regulations thereunder.

          (i)
“Company” shall mean GTH LLC, a Delaware limited liability company, and any of
its affiliates, subsidiaries or successors.

          (j)
“Confidential Information” shall mean all information of the
Company, Centerbridge or customers of the Company (in whatever form) which is not generally known
to the public, including without limitation any inventions, processes, methods of distribution,
customer lists or trade secrets.

          (k) “Continued Health Coverage”shall mean a Participant’s COBRA continuation
coverage under the Company’s group health plan in excess of an active employee’s cost for similar
benefits.

          (l) “Disability” shall mean, unless otherwise defined in another written agreement
with the Company in effect at the time of determination, a permanent disability as defined in the
Company’s disability plans covering the Participant.

          (m)
“Effective Date” shall mean’ July 22, 2008.

          (n)
“ERISA” means the Employee Retirement Income Security Act of 1974, as
amended, together with applicable final regulations thereunder.

          (o) “Good Reason” shall mean, when used in connection with the termination of a
Participant’s employment, unless otherwise defined in another written agreement with the Company
in effect at such time, (i) a material diminution in the Participant’s duties and
responsibilities other than a change in  such Participant’s duties and responsibilities that
results from becoming part of a larger organization following an addition of business lines, a
material asset purchase or change in control, (ii) a diminution in the Participant’s base salary,
(iii) a failure by the Company to pay the Participant his or her base salary in effect at that
time within

2

 

thirty
(30) days of the date such payment was due or (iv) a relocation of the
Participant’s primary work location more than fifty (50) miles from the Participant’s
work location on the date hereof; provided that, within thirty (30) days following the
occurrence of any of the events set forth herein, the Participant shall have delivered written
notice to the Company of his or her intention to terminate his or her employment for Good Reason,
which notice specifies in reasonable detail the circumstances claimed to give rise to the
Participant’s right to terminate employment for Good Reason, and the Company shall not have cured
such circumstances within thirty (30) days following the Company’s receipt of such notice.

          (p) “Outplacement Services” shall mean the Participant’s reasonable use of an office,
secretarial services, computer telephone, copier and facsimile machine, provided by the Company,
solely for the purpose of assisting such Participant in a search for new employment.

          (q) “Participant” shall mean, as of any date, an employee of the Company who is
eligible to participate in the Plan pursuant to Section 4 hereto and who has executed a Severance
Plan Participation Agreement (substantially in the form which is attached hereto as Schedule
C).

          (r) “Plan” shall mean this Green Tree Severance Plan for Senior Executives, as amended.

          (s) “Qualified Termination” shall mean, after the Effective Date, the termination of
a Participant’s employment and such Participant’s Separation from Service with the Company (i) by
the Company without Cause or (ii) by such Participant for Good
Reason; provided that, in
the event of a sale of assets or businesses of the Company, if such Participant is offered
reasonably comparable employment and compensation (excluding equity-based compensation) with any
successor to the Company, or the purchaser of the interest, assets or business of the Company, the
sale itself and the related transfer or termination of such Participant’s employment with the
Company shall not constitute a Qualified Termination, Any such successor to the Company shall
succeed to the rights and obligations of the Company herein.

          (t) “Separation and General Release Agreement” shall mean a valid general release and
waiver (substantially in the form which is attached hereto as Schedule B).

          (u) “Separation from Service” shall mean a “separation from service” as such
term is used in Section 409A of the Code and applicable regulations.

          (v) “Severance Payment” shall mean

	 	(i)	 	with respect to a Qualified Termination as a result of a termination of the Participant’s
employment by the Participant for Good Reason, an amount equal to the sum of(x)
such Participant’s annual base salary in effect on the Termination Date and (y) such
Participant’s annual bonus, excluding any payments made pursuant to the Senior Management
Compensation Plan (including amounts paid as a result of a change in control or by length of
service or otherwise), the Senior Management Retention Program or Bonus

3

 

	 	 	 	Plus Program (as such terms, plans or programs are defined
in the applicable agreements
between the Company and the Participant), for the year immediately preceding the year in which such
Qualified Termination takes place; or
	 
	 	(ii)	 	with respect to a Qualified Termination as a result of a termination of the
Participant’s employment by the Company without Cause, an amount equal to the sum of (x) 50%
of such Participant’s annual base salary in effect on the Termination Date and (y) 50%
of such Participant’s annual bonus, excluding any payments made pursuant to the Senior
Management Compensation Plan (including amounts paid as a result of a change in control or by
length of service or otherwise), the Senior Management Retention Program or Bonus Plus Program (as
such terms, plans or programs are defined in the applicable agreements between the Company and the
Participant), for the year immediately preceding the year in which such Qualified Termination
takes place.

          (w)
“Severance Period”shall mean, (i) with respect to a Qualified Termination as a
result of a termination of the Participant’s employment by the Participant for Good Reason, one
(1) year beginning on the Termination Date or (ii) with respect to a Qualified Termination as a
result of a termination of the Participant’s employment by the Company without Cause, six (6)
months beginning on the Termination Date.

          (x) “Termination Date” shall mean, with respect to a Qualified Termination, the date
specified in a notice of termination, which date shall be no earlier than sixty (60) days after
the date such notice is given (or any alternative time period agreed upon by the parties, after
the giving of such notice).

     3. Administration of the Plan.

          (a) The Plan shall be administered by the Administrator. The Administrator shall from time to
time designate the employees of the Company who shall be eligible to participate in the Plan.

          (b) The Administrator shall have the sole, final and absolute right to reconcile any
inconsistency in the Plan, to interpret and construe the provisions of the Plan in all particulars
in such manner and to such extent as it deems proper and to take all action and make all decisions
and determinations necessary under the Plan or in connection with its administration,
interpretation and application. Any interpretation or construction placed upon any term or
provision of the Plan or in connection with its administration, interpretation and application by
the Administrator, any decision of the Administrator with regard to the eligibility of any person
to become a Participant, the rights of a Participant, former Participant or Beneficiary or any
other person, any reconciliation of an inconsistency in the Plan made by the Administrator and any
other action, determination or decision whatsoever taken by the Administrator, shall be final,
conclusive and binding upon all persons or parties interested or concerned in the Plan. Such
decisions, determinations, selections and other actions of the

4

 

Administrator and all decisions, determinations, selections and other actions permitted or required
to be taken or made by the Administrator with respect to the Plan shall be subject to the absolute
discretion of the Administrator.

          (c) The Administrator shall be entitled to rely upon any report or other information
furnished to it by any officer or other employee of the Company or by any independent certified
public accountant, compensation consultant, legal counsel or other professional retained by the
Company to assist in the administration of the Plan. The Administrator shall not be liable to any
Participant or any other person for any action, omission or determination relating to the Plan. To
the full extent permitted by law, the Company shall indemnify and hold harmless each person made
or threatened to be made a party to any civil or criminal action or proceeding by reason of the
fact that such person, or such person’s testator or intestate, is or was the Administrator.

     4. Participation in the Plan.

          The initial Participants in the Plan shall be those persons whose names are set forth on
Schedule A attached hereto. The Administrator shall cause to be added to Schedule A
the names of those additional persons whom the Administrator selects for participation in the
Plan from time to time.

     5. Rights and Obligations Upon a Qualified Termination.

          (a) Subject
to Sections 5(b) and 5(c) below, in the event of a Qualified
Termination, the Company shall

	 	(i)	 	pay the Participant the Accrued Obligations on the Termination Date (or such later date
mandated by the applicable plan under which such payment is payable);
	 
	 	(ii)	 	pay the Participant the Severance Payment in equal amounts over the Severance Period in
accordance with the Company’s normal and customary payroll practices;
	 
	 	(iii)	 	provide the Participant with Outplacement Services until the earlier of (A) the end of
the Severance Period or (B) the date on which such Participant obtains alternative employment; and
	 
	 	(iv)	 	during the Severance Period, reimburse the Participant for the cost of such
Participant’s Continued Health Coverage; provided,
however, that if such Participant
becomes re-employed with another employer and is eligible to receive health insurance benefits
under another employer provided plan, the Company reimbursements described herein shall terminate.
In such event, such Participant is obligated to promptly notify the Company of any changes in his
or her benefits coverage.

5

 

          (b) The Severance Payment, Outplacement Services and Continued Health Coverage are subject to
and conditioned upon the Participant (i) executing the Separation and General Release Agreement
and such agreement becoming effective and (ii) complying with all of the restrictive covenants set
forth in Section 6 hereto. Except as provided in this Section 5 and except for any
vested benefits under any tax qualified retirement plans of the Company, and continuation of
health insurance benefits on the terms and to the extent required by Section 4980B of the Code and
Section 601 of ERISA (which provisions are commonly known as
“COBRA”), the Company shall
have no additional obligations under the Plan.

          (c) In the event (i) the Participant violates any or all of the restrictive covenants set
forth in Section 6 hereto or (ii) the Participant revokes any or all of the terms of the
Separation and General Release Agreement before such terms become effective, then such Participant
shall be required to repay any amounts previously paid to such Participant pursuant to the Plan
and neither such Participant nor his or her Beneficiary, as applicable, shall be entitled to any
payment or other consideration with respect thereto

          (d) At the end of the Severance Period pursuant to a Qualified Termination as a result of
termination of a Participant’s employment by the Company without Cause, such Participant may elect
for an additional Severance Payment of an amount equal to the sum
of(x) 50% of such
Participant’s annual base salary in effect on the Termination
Date and (y) 50% of such
Participant’s annual bonus, excluding any payments made pursuant to the Senior Management
Compensation Plan (including amounts paid as a result of a change in control or by length of
service or otherwise), the Senior Management Retention Program or Bonus Plus Program (as such
terms, plans or programs are defined in the applicable agreements between the Company and the
Participant), for the year immediately preceding the year in which such Qualified Termination
takes place; provided that the Non-Compete Period with respect to the covenant in Section
6(c) shall be one (1) year beginning on the date of the Participant’s termination of employment.
Such additional Severance Payment shall be paid out in equal amounts over a six-month period
beginning at the end of the Severance Period in accordance with the Company’s normal and customary
payroll practices. The Company shall continue to provide the benefits in Section 5(a)(iii)
and 5(a)(iv) for six months or, if earlier, until the Participant obtains
alternative employment.

          (e) Notwithstanding the foregoing, if the Participant gives written notice to the Board of
his or her intention to terminate employment with the Company for Good Reason at least six (6)
months prior to the intended date of Separation from Service and the Participant continues to
provide, in good faith, services for and is employed by the Company during such six (6) month
period (the “Good Reason/Good Transition Period”), such Separation from Service shall not be
deemed a Qualified Termination and the Non-Compete Period (as defined in Section 6(c)) shall end
six (6) months after such written notice is received.

          During such Good Reason/Good Transition Period, the Participant shall be compensated under
the same terms as what was in effect prior the beginning of the Good Reason/Good Transition
Period. At its sole discretion, the Company may elect to relieve the
Participant of his or her duties during the Good Reason/Good Transition Period in which case
the Company shall continue to compensate the Participant through the end of the Good Reason/Good
Transition Period under the same terms as what was in effect prior to such election

6

 

subject to the Six-Month Delay set forth in Section 5(1). The date from which
such election shall be effective shall be deemed the date of Separation from Service.

          Upon termination of the Participant’s employment and Separation of Service, whether during or
at the expiration of the Good Reason/Good Transition Period, the Participant shall also be
entitled to:

	 	(i)	 	Payment of the Accrued Obligations on the date of the Separation of Service (or such
later date mandated by the applicable plan under which such payment is payable); and
	 
	 	(ii)	 	The product of  (a) 50% of the annual bonus paid to the Participant for the
prior fiscal year, excluding any payments made pursuant to the Senior Management Compensation Plan
(including amounts paid as a result of a change in control or by length of service or otherwise),
the Senior Management Retention Program or Bonus Plus Program (as such terms, plans or programs
are defined in the applicable agreements between the Company and the Participant) and (b) a
fraction, the numerator of which is the number of months in the fiscal year in which the
Separation of Service occurs and for which a bonus in respect of has not been paid; provided that
such numerator shall not be greater than six (6) and the denominator of which is six (6). Such
amount shall be paid over six (6) months in accordance with the Company’s normal and customary
payroll practices.

          For the avoidance of doubt, a termination of the Participant’s employment by the Company
without Cause during the Good Reason/Good Transition Period, shall be deemed the equivalent of the
Company’s use of its discretion to elect to relieve the Participant of duties in accordance with
this Section 5(e) and shall not be a Qualified Termination.

          (f) In the event the Participant is a “specified employee” (as such term is defined
by Section 409A of the Code and applicable regulations) with respect to the date of such
Participant’s Separation from Service, any payments due to the Participant under Section
5(a)(ii), Section 5(e)(ii), Section 6(c)(ii), payments specified subject to this Section 5(1)
herein or otherwise subject to Section 409A of the Code, shall not be made before the date
that is six months after date of date of Separation from Service (or, if earlier than the end of
the six-month period, the date of death of the Participant) (“Six-Month Delay”). Payments to which
the Participant would otherwise be entitled during the first six months following the date of
Separation from Service, but for the Six-Month Delay, shall be accumulated and paid, without
interest, on the first day of the seventh month following the date of Separation from Service.

     6. Restrictive Covenants.

          (a) During the Participant’s employment with the Company and for a period of two (2) years
following the termination of the Participant’s employment for any reason, the Participant hereby
agrees not to, directly or indirectly, (i) solicit or assist any other person or

7

 

entity in soliciting any employee of the Company to perform services for any entity (other
than the Company), (ii) attempt to induce any such employee to leave the employ of the Company,
(iii) hire or assist any other person or entity in hiring to perform services any employee of the
Company or anyone who was employed by the Company during the six-month period preceding such
Participant’s date of termination or (iv) solicit or otherwise attempt to establish any business
relationship of a nature that is competitive with the business or relationship of the Company with
any person or entity which is or was (at any time within the twelve-month period immediately
preceding such Participant’s date of termination) a customer, client or distributor of the Company.
An individual’s response to a broad and general advertisement or solicitation not specifically
targeting or intending to target employees of the Company shall not be deemed a violation of this
Section 6.

          (b) The Participant hereby agrees that, during his or her employment with the Company and
thereafter, such Participant will hold in strict confidence any proprietary or Confidential
Information related to the Company.

          (c) The Participant and the Company hereby agree that the Company would likely suffer
significant harm from the Participant’s competing with the Company during his or her employment
with the Company and for some period of time thereafter. Accordingly, the Participant agrees that
he or she will not, during his or her employment with the Company and for a period of one (1) year
following the termination of such employment for any reason (the “Non-Compete Period”), directly
or indirectly, become employed by, engage in business with, serve as an agent or consultant to,
become a partner, member, principal, equityholder or other owner (other than a holder of less than
one percent (1%) of the outstanding voting shares of any publicly held company) of, or otherwise
perform services (whether or not for compensation) relating to, the Business (as conducted by the
Company during such Participant’s employment or as of the date such Participant’s employment is
terminated) for any individual, partnership, corporation, limited liability company,
unincorporated organization, trust or joint venture, or a governmental agency or political
subdivision thereof that is engaged in, or otherwise competes with the Business (as conducted by
the Company during such Participant’s employment or as of the date such Participant’s employment
is terminated), anywhere in which the Company engages in the Business (as conducted by the Company
during such Participant’s employment or as of the date such Participant’s employment is
terminated) or where the Company’s customers are located; provided that:

	 	(i)	 	If the Participant gives written notice to the Board of his or her intention to terminate
employment with the Company without Good Reason at least six (6) months prior to the intended
termination date and the Participant continues to provide services
for and is employed by the Company in good faith during such six (6) month period (the “Good
Transition Period”), the Non- Compete Period shall end six months after such written notice is
received. At its sole discretion, the Company may elect to relieve the Participant of his or her
duties during the Good Transition Period in which case the Company shall continue to compensate
the Participant through the end of the Good Transition Period under the same terms as what was in
effect prior to such election

8

 

	 	 	 	through the end of the Good Transition Period subject to the Six-Month Delay set forth in
Section 5(1). The date at which such election is effected shall be deemed a Separation from
Service. For the avoidance of doubt, a termination by the Company without Cause during a Good
Transition Period shall be deemed the equivalent of the Company’s use of its discretion to relieve
the Participant of his or her duties during the Good Transition Period in accordance with this
Section 6(c)(i) and shall not be a Qualified Termination.
	 
	 	(ii)	 	Upon a termination of the Participant’s employment by the Company without Cause such
Non-Compete Period shall be six (6) months unless the Participant makes an election for an
additional Severance Payment pursuant to Section 5(d) in which case such Non-Compete Period shall
be one (1) year beginning on the date of the Participant’s termination of employment.

          (d) The Participant hereby agrees that upon the termination of such Participant’s employment
with the Company, he or she shall not take, without the prior written consent of the Company, any
business plans, contact lists, strategic plans or reports or other document (in whatever form) of
the Company, which contains Confidential Information, and will return any such information (in
whatever form) then in his/her possession.

          (e) Prior to the date of termination of the Participant’s employment for any reason, such
Participant must turn over to the Company all documents, records and property including but not
limited to computers, computer equipment, credit cards, keys, manuals, notebooks and all other
data relating to the Company in his or her possession or custody or under his or her control
belonging to or in any way relating to the business of the Company or any of its customers.

          (f) The Participant hereby agrees not to defame or disparage the Company, its
officers, directors, members or executives. The Participant hereby agrees to cooperate with the
Company in refuting any defamatory or disparaging remarks by any third party made in respect of
the Company or its directors, members, officers or executives. Notwithstanding the foregoing,
nothing herein shall prohibit the Participant from making truthful statements when required by
order of a court or other body having jurisdiction or as otherwise required by law.

          (g) The Participant hereby agrees to fully cooperate with the Company and its attorneys in
connection with the defense of any charge, investigation or litigation in which such Participant
has relevant facts or potentially relevant testimony. If the Company should make such a request,
the Participant will not be entitled to any compensation for his or her time in connection with
such cooperation if such time is within the twenty-four (24) months period immediately following
the date of termination of such Participant’s employment with the Company. If such a request is
made by the Company after such twenty-four (24) month period,
the Participant will be paid a reasonable rate, consistent with any statutes, rules,
regulations or case law for any time he or she spends in such endeavor.

9

 

     7. Injunctive Relief.

          It is impossible to measure in money the damages that will accrue to the Company, its
officers, directors, members or executives in the event that the Participant breaches any of the
restrictive covenants set forth in Section 6 above. In the event that such Participant breaches
any of such restrictive covenants, the Company, its officers, directors, members or executives
shall be entitled to an injunction restraining the Participant from violating such restrictive
covenant. If the Company shall institute any action or proceeding to enforce any such restrictive
covenant, such Participant hereby waives the claim or defense that the Company, its officers,
directors, members or executives have an adequate remedy at law and agrees not to assert
such a claim or defense in any such action or proceeding. The foregoing shall not prejudice the
Company, its officers, directors, members or executives’ right to require such Participant to
account for and pay over to the Company, its officers, directors, members or executives, and such
Participant hereby agrees to account for and pay over, the compensation, profits, monies, accruals
or other benefits derived or received by the Participant as a result of any transaction
constituting a breach of any of the restrictive covenants set forth in Section 6.

     8. Top Hat Plan.

          The Plan is unfunded and maintained for a select group of management or highly compensated
employees within the meaning of Section 201, 301 and 401 of ERISA.

     9. Amendment and Termination.

          The Administrator shall have full power and authority to amend, modify, alter, suspend or
terminate the Plan, including Schedule A and Schedule B attached hereto, in whole
or in part at any time and from time to time; provided, however,that the Company may not
suspend, discontinue or terminate the Plan without providing twenty-four (24) months prior notice
to the Participants.

     10. General Provisions.

          (a) Each notice and other communication hereunder shall be in writing and shall be given and
shall be deemed to have been duly given on the date it is delivered in person, on the next
business day if delivered by overnight mail or other reputable overnight courier, or the third
business day if sent by registered mail, return receipt requested, to the parties as follows:

          If to the Participant:

          To the most recent address shown on records of the Company.

          If to the Company:

10

 

GTH LLC

345 St. Peter St. Suite 1100

St. Paul, MN 55102

Attention: General Counsel

With
a copy to:

Cleary Gottlieb Steen & Hamilton LLP

One Liberty Plaza

New York, NY 10006

Attention: A. Richard Susko

or to such other address as any party may have furnished to the other in writing in accordance herewith.

          (b) Nothing contained in the Plan shall confer upon any Participant any right with respect to
the continuation of such Participant’s employment by the Company or interfere in any way with the
right of the Company at any time to terminate such employment or to change the annual base salary,
hourly wage rate or other compensation or benefits of such Participant or otherwise
modify the terms or conditions of such Participant’s employment.

          (c) Each Participant’s rights hereunder are personal and no Participant may assign or
transfer any part of his or her rights or duties hereunder, or any benefits due to him or her, to
any other person, except that, in the event of the Participant’s death, any benefits payable to
such Participant shall be paid instead to his or her Beneficiary.

          (d) All payments required to be paid hereunder shall be subject to any required Federal,
state, local and other applicable withholdings or deductions.

          (e) The Plan shall be governed by, and it shall be construed and administered according to,
the laws of the State of New York, without reference to principles of
conflicts of law.

          (f) The Plan in intended to be an unfunded and unsecured obligation of GTH LLC. All
payments under the Plan shall be made from the general assets of the Company and to the extent
that any person acquires the right to receive payment from
the Company under the Plan, such right, except to the extent required by law, shall be no
greater than the rights of any unsecured general creditor of the Company.

          (g) The invalidity or unenforceability of any provisions of the Plan in any jurisdiction
shall not affect the validity, legality or enforceability of the remainder of the Plan in such
jurisdiction or the validity, legality or enforceability of any provision of the Plan in any other
jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be
enforceable to the fullest extent permitted by law.

11

 

          (h) Section headings included herein are for ease of reference only and shall not affect the
interpretation of the Plan.

12

 

Schedule B 

FORM OF

SEPARATION AND GENERAL RELEASE AGREEMENT

     THIS
SEPARATION AND GENERAL RELEASE AGREEMENT (the
“Agreement”) is made as of this ____ day
of______________,
_______, by and between [Insert
Executive’s name], (the “Executive”) and
the Company. All terms, conditions and restrictions of the Plan are incorporated herein and made
part hereof as if stated herein. If there is any conflict between the terms and conditions of the
Plan and this Agreement, the terms and conditions of the Plan, as interpreted by the
Administrator, shall govern. All capitalized terms used and not defined herein shall have the
meaning given to such terms in the Plan. The Executive hereby acknowledges receipt of a true copy
of the Plan and that the Executive has read the Plan carefully and fully understands its content.
The Executive hereby acknowledges that all decisions, determinations and interpretations of the
Administrator in respct of the Plan and this Agreement shall be final and conclusive. In
consideration of the mutual agreements set forth below, the Executive and the Company hereby agree
as follows:

     1. SEPARATION
AS AN EMPLOYEE: The Executive hereby acknowledges and agrees that,
effective as of the close of business on
________________,
his/her employment as [Insert Position]
of the Company is hereby terminated and he/she hereby resigns from such position or positions and
all other titles, positions, board memberships or other roles as an employee, officer, director,
partner, member or representative of the Company. The Executive hereby further acknowledges and
agrees that his/her entitlement to any of the payments and benefits described in the Plan is
subject to such Executive’s execution and delivery of this Agreement, compliance with the terms
of this Agreement and his/her refraining from revoking this Agreement.

     2. RELEASE
OF CLAIMS AGAINST COMPANY: For good and valuable consideration,
including the payments and benefits set forth in the Plan (as applicable), the Executive, on
his/her own behalf and on behalf of any and all of his/her heirs, executors, administrators,
successors, assigns, dependents, descendants and attorneys (collectively, the
“Releasors”), hereby knowingly, voluntarily, unconditionally and willingly releases, remits,
acquits, discharges and covenants not to sue the Company, directors, officers, employees, members,
partners, agents, representatives, attorneys, trustees, insurers, assigns and successors, past and
present (collectively hereinafter referred to as the
“Releasees”), jointly and severally from and
with respect to any and all actions, charges, complaints, demands, costs, rights, losses, claims,
lawsuits and other liabilities (collectively, the “Claims”), whether known or unknown, suspected
or unsuspected, in law or in equity, which the Executive or any Releasor has or may have against
any Releasee arising out of or in any way relating to the Executive’s employment by the Company or
his/her separation from that employment, including without limitation the following:

          (a) any and all Claims arising out of or in any way relating to any oral or written
employment contracts or offer letters (whether such contracts or offers were express or implied)
or any and all tort claims;

14

 

          (b) any and all Claims arising out of or in any way relating to age, race, sex,
religion, national origin, disability or other form of employment discrimination, including
without limitation any claims under Title VII of the Civil Rights Act of 1964, as amended, the
Age Discrimination in Employment Act of 1967 (“ADEA”), as amended, the Americans with Disabilities
Act of 1990, as amended, ERISA, the Minnesota Human Rights Act or any other federal, state or
local law, ordinance, or administrative regulation; or

          (c) any and all Claims for compensation of any kind including compensation and damages in
connection with termination of the Executive’s employment, other than: (i) the payments and
benefits provided for in or in accordance with the Plan; (ii) any amount due and payable to the
Executive by the Company on such Executive’s date of termination of employment pursuant to the
terms and conditions of any health or medical insurance plan in which such Executive participates,
and (iii) any rights to vested benefits under any compensation or benefit plan, program or other
arrangement; provided that, such release shall not affect the Executive’s rights (x) under
the Consolidated Omnibus Budget Reconciliation Act of 1985 or (y) any conversion rights under any
applicable life insurance policies. The Executive acknowledges that he/she may hereafter discover
claims or facts in addition to or different from those which he/she now knows or believes to exist
with respect to the subject matter of this Agreement and which, if known or suspected at the time
of executing this Agreement, may have materially affected this Agreement or his/her decision to
enter into this Agreement. Nevertheless, the Executive hereby waives any right, claim or cause of
action that might arise as a result of such different or additional claims or facts.
Notwithstanding any provision of this Agreement to the contrary, this release is not intended to
interfere with the Executive’s right to file a charge with the Equal Employment Opportunity
Commission (the “EEOC”) in connection with any claim he believes the Executive may have against
the Company. However, by executing this Agreement, the Executive hereby waives the right to
recover personally in any proceeding he/she may bring before the EEOC or any state human rights
commission or in any proceeding brought by the EEOC or any state human rights commission on the
Executive’s behalf. This release is for any relief, no matter how denominated, including, but
not limited to, injunctive relief, wages, back pay, front pay, compensatory damages, or punitive
damages. In addition, this release is not intended to interfere with the Executive’s right to
challenge that his/her waiver of any and all potential ADEA claims pursuant to this Agreement is a
knowing and voluntary waiver, notwithstanding his/her specific representation that he/she has
entered into this Agreement knowingly and voluntarily.

          (d) Notwithstanding anything herein to the contrary, Releasors do not release or waive rights
or claims with respect to any indemnification or D&O insurance for which Executive was or is
entitled by reason of acts or omissions as an officer, director or employee of the Company.

     3. ADEA WAIVER OF CLAIMS: The Executive expressly acknowledges and agrees that
his/her release and waiver of rights and claims pursuant hereto is knowing and voluntary, that by
his/her entering into this Agreement he/she will receive compensation beyond that which the
Executive was already entitled to receive before entering into this Agreement, that has been given
a period of twenty-one (21) days within which to consider this Agreement, and that he/she elects
to execute this Agreement on this date. The Executive shall have seven (7) days following the
execution of this Agreement within which he/she may revoke this Agreement,

15

 

and this Agreement shall not become effective or enforceable until such seven-day period to
revoke has expired. To be effective, such revocation must be in writing and delivered to the
Company on or before the last day of such seven-day period. The Executive certifies that he/she
understands and agrees to all of the terms of this Agreement, and has had an opportunity to
discuss these terms with an attorney of his/her own choosing. The Executive further acknowledges
that he/she has been advised previously by the Company, and by this writing is again advised by the
Company, to consult with an attorney prior to executing this Agreement and regarding his/her
release of claims herein, including without limitation the release of claims under the Age
Discrimination in Employment Act of 1967, as amended. Notwithstanding anything herein to the
contrary, if the Executive exercises his/her right to revoke hereunder, he/she shall forfeit his/her
right to receive any of the payments and benefits to be provided to him/her pursuant to the Plan.

     4. RESCISSION PERIOD: THIS PARAGRAPH APPLIES TO MINNESOTA RESIDENTS ONLY. If the
Executive resides in Minnesota, the Executive acknowledges and agrees that he or she may rescind
this Separation and General Release Agreement by written notice to the Company delivered to the
Company at 1100 Landmark Towers, 345 St. Peter Street, Saint Paul, Minnesota 55102 (Attention:
General Counsel) NOT LATER THAN FIFTEEN DAYS from the date of the Executive’s execution of this
Separation and General Release Agreement. If delivered by mail, the written notice must be sent
by certified mail and must be postmarked within the FIFTEEN-DAY period.

     5. MISCELLANEOUS:

          (a) Any provision of this Agreement (or portion thereof) which is deemed invalid, illegal or
unenforceable in any jurisdiction shall, as to that jurisdiction and subject to this section, be
ineffective to the extent of such invalidity, illegality or unenforceability, without affecting in
any way the remaining provisions thereof in such jurisdiction or rendering that or any other
provisions of this Agreement invalid, illegal, or unenforceable in any other jurisdiction. If any
covenant should be deemed invalid, illegal or unenforceable because its scope is considered
excessive, such covenant shall be modified so that the scope of the covenant is reduced only to
the minimum extent necessary to render the modified covenant valid, legal and enforceable. No
waiver of any provision or violation of this Agreement by the Company shall be implied by the
Company’s forbearance or failure to take action.

          (b) This Agreement, and the other documents referred to herein or delivered pursuant hereto
which form a part hereof contain the entire understanding of the parties with respect to its
subject matter. There are no restrictions, agreements, promises, representations, warranties,
covenants or undertakings with respect to the subject matter hereof other than those expressly set
forth herein and in the Plan. This Agreement, including without limitation the Plan, supersedes
all prior agreements and understandings between the parties with respect to its subject matter,
except to the extent of any conflict between the provisions hereof and an employment agreement
effective on the date hereof. Except as may be specifically provided for herein, this Agreement
may not be amended in any respect except by a writing signed by both parties hereto.

16

 

          (c) This Agreement shall not supersede any continuing obligations the Executive has under the
terms of the Plan, or any other agreement between the Executive and the Company.

          (d) This Agreement may be executed in two or more counterparts, each of which
shall be deemed an original, but all of which shall constitute one and the same instrument.

          (e) This Agreement shall be governed by and construed in accordance with the laws of the
State of New York without reference to its principles of conflicts of law.

[Remainder of page intentionally left blank]

17

 

     IN WITNESS WHEREOF, the Company and the Executive, intending to be legally bound, have
executed this Agreement on the day and year first above written.

	 	 	 	 	 
	 	GTH LLC

 	 
	 	By:  	 	 
	 	 	 	 
	 
	 	EXECUTIVE

 	 
	 	
 	 
	 	      [Insert name] 	 
	 	 	 
	 

18

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