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Exhibit 10.5    
  

 
 

INTERNET ACCESS AGREEMENT    
  

        The party signing below ("Customer") acknowledges that this Internet Access Agreement ("Agreement") is between Customer and Verio Inc. (d/b/a NTT/VERIO)
("NTT/VERIO") and that it governs the Internet access services set forth on the Service Order Form executed by Customer (the "Services"), a copy of which is attached hereto as Exhibit A and
which is incorporated herein by this reference (the "Service Order Form"). Customer can not resell the Services without the express written consent of an officer of NTT/VERIO. 

	1.
	Customer
shall pay the fees for the Services that are set forth on the Service Order Form. Payment is due 30 days after date of invoice. Accounts unpaid 30 days after
date of invoice are in default and are subject to an interest charge on the outstanding balance of the lesser of 1.5% per month or the maximum rate permitted by law. NTT/VERIO reserves the right to
suspend or terminate Service to any account in default, but any such suspension does not relieve Customer of the obligation to pay the monthly fees for the Services. Stated fees are exclusive of any
taxes which may be levied or assessed upon the Equipment (as defined below) or Services provided hereunder, all of which shall be paid by Customer. In the event Customer considers ordering additional
Internet access services pursuant to separate Service Order Form(s), NTT/VERIO agrees to work with Customer through NTT/VERIO's Billing Department, if Customer so requests at the time Customer
inquires about such additional services, to determine what Customer's tax liability will be for such additional services. Customer acknowledges that it shall be responsible for such taxes, and for any
additional taxes assessed by governmental authorities after NTT/VERIO has calculated Customer's expected tax liabilities.

	2.
	This
Agreement shall be for the term specified on the Service Order Form (the "Initial Term"). At the conclusion of the Initial Term, this Agreement shall continue in effect on a
month-to-month basis at the same prices in effect during the Initial Term until either party gives at least 30 days advance written notice to the other (prior to the end
of the then current term) of termination of this Agreement. The Initial Term and billing for the Services shall begin as of the date on which a NTT/VERIO hub and a functioning telephone circuit are
prepared to route IP packets to Customer's site. Notwithstanding the foregoing, Customer may terminate this Agreement during the Initial Term by giving NTT/VERIO at least 60 days advance
written notice, except that Customer remains obligated to pay all fees due and owing for the balance of the Initial Term, including, without limitation, fees with respect to any Equipment purchased at
Customer's request or pursuant to Customer's order.

	3.
	NTT/VERIO
is acting only as a reseller with respect to the hardware and software offered under this Agreement ("Equipment"), which was manufactured by a third party. Customer's sole
remedies for any malfunction or defect in the Equipment are set forth in Section 10 below. If NTT/VERIO provides Equipment to Customer free of charge, within 10 business days following
termination of this Agreement for any reason, Customer must either (i) at Customer's expense, return the Equipment to NTT/VERIO in its original condition, normal wear and tear excepted, or
(ii) purchase the Equipment at the rate of 75% of its original retail value. Customer will be invoiced (at the above-referenced 75% rate) for any Equipment not purchased or returned within such
time period. In the event Customer relocates its Internet access services to another NTT/VERIO Point of Presence ("POP"), NTT/VERIO will pass through to Customer third party-provided (i.e. Bell local
loops) circuit move expenses at cost.

	4.
	NTT/VERIO
exercises no control over, and specifically rejects any responsibility for, the content, accuracy or quality of information passing or obtained through NTT/VERIO's host
computers, network hubs and points of presence (the "NTT/VERIO Network"). Use of any information obtained via the NTT/VERIO Network is strictly at Customer's own risk. 

 
	5.
	All
use of the NTT/VERIO Network, the Services and any related services must at all times comply with the then-current version of the NTT/VERIO Acceptable Use Policy (the
"AUP"), which is expressly made a part of this Agreement and is available at www.verio.com. NTT/VERIO reserves the right to amend the AUP from time to time. Any amendments to the AUP shall be
effective upon posting at the URL. NTT/VERIO reserves the right to suspend the Services or terminate this Agreement in the event of notice of a possible violation of the AUP. Customer agrees to
indemnify and hold harmless NTT/VERIO and its affiliates from any losses, damages, costs or expenses (collectively "Claims") arising out of or relating to Customer's use of the NTT/VERIO Network or
the Services in any way, including any Claim which, if true, would constitute a violation of the AUP. Customer acknowledges and agrees that NTT/VERIO will provision the Services hereunder subject to
its Privacy Policy, as amended from time to time, a copy of which is available at www.verio.com.

	6.
	NTT/VERIO
reserves the right to monitor customer's bandwidth usage and to utilize technology to limit Customer's bandwidth usage to ordered amounts.

	7.
	EXCEPT
AS EXPRESSLY SET FORTH IN SECTION 10 BELOW, NTT/VERIO PROVIDES THE SERVICES AND EQUIPMENT "AS IS"; MAKES NO EXPRESS WARRANTIES OF ANY KIND WITH RESPECT TO THE SERVICES OR
EQUIPMENT; AND DISCLAIMS ALL OTHER
WARRANTIES WITH RESPECT TO THE SERVICES AND EQUIPMENT, INCLUDING, BUT NOT LIMITED TO, THE WARRANTIES OF TITLE, MERCHANTABILITY, NON-INFRINGEMENT OR FITNESS FOR A PARTICULAR PURPOSE.
NTT/VERIO shall not be liable for any failure or delay in performance due to circumstances beyond its reasonable control, which shall include, without limitation, acts of God, earthquakes, labor
disputes, changes in law, regulation or government policy, riots, war, fire, epidemics, acts or omissions of vendors or suppliers, equipment failures, transportation difficulties, or any other such
occurrences. Customer may terminate this Agreement if any such event of Force Majeure continues for a continuous period of 10 days.

	8.
	NEITHER
PARTY SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES THAT ARISE OUT OF OR RELATE TO THIS AGREEMENT OR THE SERVICES PROVIDED HEREUNDER,
INCLUDING WITHOUT LIMITATION ANY SUCH DAMAGES FOR LOSS OF DATA RESULTING FROM DELAYS, NON-DELIVERIES, MISDELIVERIES OR SERVICE INTERRUPTIONS. Notwithstanding anything to the contrary
stated in this Agreement, Customer's sole remedies for any claims relating to the Services or the NTT/VERIO Network are set forth in Section 10 below. In no event will NTT/VERIO's and it
affiliates' collective liability for any Claims or causes of action, whether in contract or tort, exceed the amount paid by Customer for the Services during the 12-month period prior to
the date the Claim occurred or the cause of action arose.

	9.
	Any
Internet Protocol numbers ("IP Numbers") assigned to Customer by NTT/VERIO in connection with the Services shall be used only in connection with the Services. In the event Customer
discontinues use of the Services for any reason, or this Agreement terminates for any reason, Customer's right to use the IP Numbers shall terminate. NTT/VERIO reserves the right to change the IP
Numbers upon notice to Customer.

	10.
	The
Service Level Agreement ("SLA") for the Services, which is made a part of this Agreement, is set forth at http://sla-info.verio.net. The SLA sets forth Customer's sole
remedies for any claim relating to the Services or the NTT/VERIO Network, including any failure to meet any guarantee set forth in the SLA. In the event that Customer experiences six (6) or
more unrelated Network Outages (as defined in the SLA), which are more than twenty four hours apart, in any 2-month period ("Chronic Outage") and Customer's use of the Services is
materially adversely affected by such Chronic Outage, Customer may terminate this Agreement without termination liability or fees 

2

 

upon
thirty (30) days' written notice and explanation to NTT/VERIO detailing how such Chronic Outage has materially adversely affected its use of the Services. 

	11.
	This
Agreement may be terminated immediately upon written notice by either party if the other party becomes insolvent or involved in a liquidation or termination of its business,
files a bankruptcy petition, has an involuntary bankruptcy petition filed against it (if not dismissed within 30 days of filing), becomes adjudicated bankrupt, or becomes involved in an
assignment for the benefit of its creditors. In the event this Agreement is terminated pursuant to this paragraph, Customer shall be responsible only for payment of all charges incurred through the
effective date of termination.

	12.
	Neither
party may use the other party's name, trademarks, tradenames or other proprietary identifying symbols without the prior written approval of the other party.

	13.
	Either
party may assign this Agreement either to an affiliate or as part of a corporate reorganization, consolidation, merger or sale of all or substantially all of its assets;
provided, however, that, in order for such assignment to be effective (i) the assigning party shall give written notice to the non-assigning party of any such assignment and
(ii) NTT/VERIO must confirm that Customer's assignee meets NTT/VERIO's standard credit requirements for customers of the applicable Services. Except as set forth in the preceding sentence,
neither party may assign this Agreement, in whole or in part, without the prior written consent of the other party, which consent will not be unreasonably withheld or delayed. No failure on the part
of either party to exercise, and no delay in exercising, any right or remedy hereunder shall operate as a waiver thereof nor shall any single or partial exercise of any right or remedy hereunder
preclude any other or further exercise thereof or the exercise of any other right or remedy granted hereby or by law.

	14.
	The
validity, interpretation, enforceability and performance of this agreement shall be governed by and construed in accordance with the laws of the State of Colorado. This Agreement
may not be amended except upon the written consent of Customer and an officer of NTT/VERIO.

	15.
	This
Agreement supersedes all previous and contemporaneous written and oral representations, understandings or agreements related to the subject matter herein and shall prevail
notwithstanding any variance with terms and conditions of any order submitted. Acceptance of this Agreement by NTT/VERIO may be subject, in NTT/VERIO's absolute discretion, to satisfactory completion
of a credit check. Activation of Service shall indicate NTT/VERIO's acceptance of this Agreement. CUSTOMER REPRESENTS AND WARRANTS THAT CUSTOMER (I) IS NOT LOCATED IN A COUNTRY SUBJECT TO U.S.
EMBARGOES, OR LISTED ON THE U.S. TREASURY DEPARTMENT'S LIST OF SPECIALLY DESIGNATED NATIONALS, OR LISTED ON THE U.S. COMMERCE DEPARTMENT'S DENIED PERSONS LIST OR ENTITIES LIST AND (II) IF AN
INDIVIDUAL, IS AT LEAST 18 YEARS OF AGE. 

	AGREED AND ACCEPTED BY CUSTOMER:
	

Signature: /s/ Philip N. Kaplan	
 	

Company Name: VitalStream Holdings, Inc.
	

Printed Name: Philip N. Kaplan	
 	

Address: One Jenner, Suite 100, Irvine, CA 92618
	

Title: Chief Operating Officer	
 	

 
	

Date: 08/30/02	
 	

Telephone (949) 743-2000 Fax: 949-453-8686

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	NTT/VERIO Rep	 	Email	 	Lead Pass	 	Lead Pass NTT/VERIO Rep
	 	 	 	 	 	 	

	Jeff Pieters	 	jpieters@verio.net	 	 	 	Lead Source
	 	 	 	 	 	 	

	 	 	 	 	YES o NO o	 	Promo Source
	

	

	Date Submitted	 	8/1/02	 	Existing Arbor Number	 	 	 	 	 	 
	

	New o	 	Relocation o	 	Change of Service o	 	Renewal o	 	Upgrade ý	 	Add-On o
	

	Partner Info	 	None o	 	VRP o VSP o	 	EReseller o	 	MSP o	 	 
	

	Partner Name	 	 	 	 	 	 	 	 	 	 
	

	

	Company	Vital Stream	Verio Rep	Jeff Pieters	Reseller	 
	

	Contact	Dave Williams	Billing Contact	Dave Williams	Tech Contact	Dave Williams
	

	Phone	949-678-0291	Phone	949-678-0291	Phone	949-678-0291
	

	Fax	 	Fax	 	Fax	 
	

	Mobile/Pager	 	Mobile/Pager	 	Mobile/Pager	 
	

	Email	dwilliams@vitalstream.com	Email	dwilliams@vitalstream.com	Email	dwilliams@vitalstream.com
	

	

	Install Address	 	 	 	Billing Address	 	 
	 	 	One Jenner, Suite 100

Irvine, CA 92618	 	 	 	One Jenner, Suite 100

Irvine, CA 92618
	 	 	 	 	

	 	 	 	 	City	 	Irvine
	

	Demarc location	 	 	 	State	 	CA
	

	Onsite Phone Number	 	 	 	COUNTY	 	 
	

	PO o    #	 	Check o    #	 	Visa o    MC o	 	Amex o    #    Exp
	

	Company Type	 	L.L.C.    Corporation    Partnership    Proprietorship    Other (Please State)
	

Technical Information  

	

	Who is ordering your telco circuit? (select one)	 	NTT/VERIO o	 	Telco Agent o	 	Self o
	

	Telco Quote Date:	 	E-Rate Funding	 	Proposed o	 	Approved o
	 	 	GSA Funding	 	Proposed o	 	Approved o
	

	Agent Name	 	 	 	Agent Contact and Phone #	 	 
	

	How many IP addresses do you need? (select one)	 	o 2 ý 6 o 14 o 30 o 62
o 126 o 254 o Other
	

	Term Commitment: Beginning on Date NTT/VERIO Begins Billing Customer	 	12 mos. o 24 mos. o 36 mos. ý Other o
	

For Internal Use Only  

	Sales Director Verification:	 	JC
 Initials	 	/s/ John Chapman
 Printed Name	 	 

4

 

NTT/VERIO  

Service Order Form  

	

	Product ID	 	Product Description	 	Product Name	 	Plan Code	 	Setup Code	 	QTY	 	Monthly Charge	 	Total Setup Charge	 	Usage Charge Mbps
	

	Oc12 frac	 	OC12 Access	 	Flat rate OC12, 622 megs	 	OC12 Unlimited megs	 	622 megs	 	**	 	 	 	 
	

	 	 	Local Loop	 	 	 	 	 	 	 	 	 	**	 	NA	 	 
	

	Subtotals	 	**	 	 	 	 
	

**Pricing Information in the foregoing table is omitted pursuant to Rule 24b-2, filed separately with the Securities and Exchange Commission
and is subject to a confidential treatment request.  

	ý
	 I, the customer, acknowledge that data backup and restore services are an important component of any internet-related service and that the
benefits of backing up my data have been explained by the NTT/VERIO sales representative. Notwithstanding the foregoing, I the customer elect not to purchase the Data Backup and Restore Services
offered by NTT/VERIO at this time.  
	ý
	 I, the customer, acknowledge that security services are an important component of any internet-related
service and that the benefits of
securing my Internet-connected service have been explained by the NTT/VERIO sales representative. Notwithstanding the foregoing, I the customer elect not to purchase the IntelliSecurity Services
offered by NTT/VERIO at this time.  

Notes and Special Instructions  

New Contract pricing shall be retroactive to August 1, 2002. Billing cycle shall be adjusted so that customer is billed based on calendar months. Upon entering this contract,
it is the intent of the parties to negotiate a new contract in the next 90 days which: (i) allows connections to the Verio network at multiple locations (which may change from time-to-time) with the
bill aggregated across all locations, (ii) is scalable subject to the minimum dollar commitment above, (iii) is billed at the committed rate above the minimum commitment based on actual usage. 

Equipment and Software  

	Router Purchased Through NTT/VERIO (Select One):	 	Yes o No o	 	 	 	 	 	 
	

	Item #	 	Description	 	Mfr. Part #	 	Price	 	Qty	 	Extend Price
	

	1	 	 	 	 	 	 	 	 	 	 
	

	2	 	 	 	 	 	 	 	 	 	 
	

	3	 	 	 	 	 	 	 	 	 	 
	

	Hardware Subtotal	 	$0.00
	

	To Begin Service (hardware fees, set-up fees)
 	 	 

Please review and sign the attached Terms and Conditions. This Service Order is not effective until the Terms and Conditions have been signed by customer and
accepted by NTT/VERIO as provided in the  

5

 

 Terms and Conditions. In the event of a conflict between the Service Order and the Terms and Conditions, the Terms and Conditions shall govern.  

	Customer Signature: /s/ Philip N. Kaplan	 	Printed Name: Philip N. Kaplan
	

Title: Chief Operating Officer	
 	

Date: 08/30/02

6

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Exhibit 10.5

INTERNET ACCESS AGREEMENTQuickLinks
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Exhibit 10.73    
  

HORIZON GROUP PROPERTIES, L.P.

COMMON UNIT AWARD AGREEMENT  

        THIS COMMON UNIT AWARD AGREEMENT (this "Agreement") is made as of
September    , 2002 (the "Issue Date"), by and between Horizon Group Properties, L.P., a Delaware limited partnership (the
"Partnership"), Horizon Group Properties, Inc., a Maryland corporation, in its capacity as the general partner of the Partnership (the
"General Partner"), and                        (the "Grantee"). Capitalized terms used herein but not defined
herein have the meaning ascribed thereto in the Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of June 15, 1998, as amended to date (the
"Partnership Agreement"). 

        WHEREAS, the Partnership wishes to reward and incentivize the Grantee, who performs valuable services for the benefit of the Partnership,
by making the Grantee a Limited Partner and issuing Common Units in the Partnership (the "Common Units") to the Grantee; and 

        WHEREAS, the Grantee desires to become a Limited Partner and receive such Common Units from the Partnership; and 

        WHEREAS, THE General Partner consents to the Grantee becoming a Limited Partner and to the issuance of the Common Units to the Grantee. 

        NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties hereto do hereby agree as follows: 

SECTION 1.    GRANT OF COMMON UNITS  

        1.1    Grant.    The Partnership hereby issues to the Grantee, and the General Partner hereby consents to such
issuance,            Common Units, subject to all of the terms and conditions of this Agreement and the Partnership Agreement, in exchange for prior services rendered to the Partnership (in
accordance with Section 4.5 of the Partnership Agreement), such consideration equal to $2.75 per Common Unit for an aggregate consideration of
$                        (the
"Capital Account"). 

        1.2    Subscription.    The Grantee hereby subscribes for, and agrees to acquire, the Common Units specified above
upon the terms, provisions and conditions set forth herein and in the Partnership Agreement, a copy of which has been delivered to the Grantee, together with a separate counterpart signature page
(attached hereto as Annex A) to be signed by the Grantee, as a Limited Partner, and returned with this Agreement. 

        1.3    Lock-Up.    During the period commencing on the Issue Date and ending on the one year anniversary
of the Issue Date (the "Lock-Up Period"), the Grantee shall not have the right to convert all or any portion of the Common Units issued
hereunder into common shares of beneficial interest, par value $.01 per share, of the General Partner (the "Common Shares"). Following the expiration of
such Lock-Up Period, the Grantee shall have the Rights described in Section 8.6 of the Partnership Agreement. 

SECTION 2.    REPRESENTATIONS AND WARRANTIES  

        2.1    Representations and Warranties.    The Grantee hereby represents and warrants to and agrees with the
Partnership as follows: 

        (a)  Each
of the representations and warranties set forth in Section 3.3 of the Partnership Agreement are true and correct with respect to the Grantee as of the Issue
Date. 

        (b)  The
Common Units will be purchased for the account of the Grantee for investment only and not with a view to, nor with any intention of, a distribution or resale
thereof, in whole or in part, or the grant of any participation therein. The Grantee acknowledges that the Common Units 

have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and the rules and regulations thereunder, or the
securities or real estate syndication laws of any state or other jurisdiction, and cannot be disposed of unless they are subsequently registered under the Securities Act and any applicable laws of
states or other jurisdictions or an exemption from such registration is available. The Grantee acknowledges that the Partnership does not have any intention of registering the Common Units under the
Securities Act or of supplying the information necessary for the Grantee to
sell any Common Units; that Rule 144 under the Securities Act will not be available as a basis for exemption from registration of any Common Units thereunder; and that the Partnership shall be
organized and operated so as to be exempt from registration under the Investment Company Act of 1940, as amended, and from the provisions of that statute designed to protect investors. 

        (c)  The
Grantee also understands that the transfer of any of the Common Units is subject to restrictions contained in the Partnership Agreement as well as the restrictions
set forth in this Agreement. 

        (d)  The
Grantee acknowledges that (i) he has no obligation whatsoever to invest in any Common Units, (ii) his investment in any Common Units is not in any way
whatsoever a condition of continued employment with the Partnership or any entity affiliated with the Partnership, (iii) neither the offer to the Grantee of the opportunity to invest in the
Common Units, nor this Agreement, nor the Partnership Agreement shall be deemed to constitute a contract of employment or to impose any obligation upon the Partnership, the General Partner or any of
their affiliates to continue to employ the Grantee, and (iv) nothing stated or implied in this Agreement or in the Partnership Agreement shall be construed to abrogate, amend or otherwise
affect any rights or obligations with respect to employment which the Partnership, the General Partner or any of their affiliates of the Grantee may otherwise have by agreement or under law. 

        (e)  The
Grantee acknowledges that he has been furnished a copy of the Partnership Agreement, has carefully read and understands the provisions of the Partnership Agreement,
has had the opportunity to ask questions of the Partnership and has received answers from the Partnership concerning the provisions of the Partnership Agreement and the terms and conditions of the
offering of Common Units to the Grantee. The Grantee further acknowledges that he has been furnished information regarding the activities of the Partnership, has had the opportunity to ask questions
of the Partnership concerning such activities, and is satisfied with all such information and such answers as he has received. The Grantee acknowledges that no representation has been made by the
General Partner or otherwise by or on behalf of the Partnership as to any current value of the assets held by the Partnership or as to any prospective return on investment in Common Units of the
Partnership. The Grantee further acknowledges that he has not relied, in connection with the investment in Common Units, upon any representations, warranties or agreements other than those set forth
in this Agreement and the Partnership Agreement. The Grantee further acknowledges that he provides services to the Partnership on a regular basis and that, in such capacity, the Grantee has access to
all such information, and has such experience and involvement in connection with the business and operations of the Partnership, as the Grantee believes to be necessary and appropriate to make an
informed decision to subscribe for the Common Units specified above in this Agreement. 

        (f)    This
Agreement, and any other documents executed and delivered by the Grantee in connection herewith, have been duly executed and delivered by the Grantee and are the
legal, valid and binding obligations of the Grantee enforceable in accordance with their respective terms. 

        (g)  The
execution and delivery of this Agreement, and any other documents executed and delivered by the Grantee in connection herewith do not, and the performance and
consummation of the terms and transactions set forth or contemplated herein, therein or in the Partnership Agreement will not,
contravene or result in a default under any provision of existing law or regulations to which the Grantee is subject, or any indenture, mortgage or other agreement or instrument to which the Grantee
is a party or by which he is bound and does not require on the 

part of the Grantee any approval, authorization, license or filing from or with any foreign, federal or state or municipal board or agency. 

        (h)  The
Grantee acknowledges that none of the Partnership, the General Partner nor any of their affiliates is rendering any tax, legal or financial advice or recommendation
to invest in the Partnership. The Grantee has been informed that he should consult his own tax, legal and financial advisors to the extent the Grantee seeks advice regarding these matters. 

        (i)    The
Grantee is an "accredited investor" as defined in Rule 501(a) of Regulation D promulgated under the Securities Act for the reason or reasons specified
by the Grantee below the Grantee's name on the signature page hereto. 

        (j)    So
long as the Grantee holds any Common Units or has the right to acquire any Common Units, the Grantee shall disclose to the Partnership in writing such information as
may be reasonably requested with respect to direct or indirect ownership of Common Units as the Partnership may deem reasonably necessary to ascertain and to establish compliance with provisions of
the Internal Revenue Code of 1986, as amended (the "Code"), applicable to the Partnership or the General Partner or to comply with requirements of any
other appropriate taxing authority. 

        (k)  The
Grantee shall indemnify and hold the Partnership harmless from and against any and all loss, cost, damage or liability due to or arising out of a breach of any
representation, warranty or agreement of the Grantee in this Agreement or any other document furnished by it to the Partnership in connection with its ownership of Common Units, including, without
limitation, the Partnership Agreement. 

SECTION 3.    MISCELLANEOUS  

        3.1    Survival of Representations; Severability.    All the agreements, representations and warranties made by the
Grantee in this Agreement shall survive the execution and delivery hereof. The Grantee shall immediately notify the Partnership upon discovering that any of the representations or warranties made
herein were false when made or has, as a result of changes in circumstances, become false. Every provision of this Agreement is intended to be severable, and if any term or provision hereof is held to
be illegal or invalid for any reason whatsoever, such illegality or invalidity shall not affect the validity of the remainder hereof. 

        3.2    Location.    Unless otherwise indicated, the address on the signature page of this document is the legal
residence of the Grantee and all offers and communications in connection with the offering of the Common Units subscribed to herein have been conducted at such address or at the offices of the
Partnership. 

        3.3    Arbitration.    All disputes, claims or controversies arising out of or relating to this Agreement, or any
other agreement executed and delivered pursuant to this Agreement, or the negotiation, validity or performance hereof and thereof or the transactions contemplated hereby and thereby that are not
resolved by mutual agreement shall be resolved solely and exclusively by binding arbitration to be conducted before J.A.M.S./Endispute, Inc. or its successor. The parties understand and agree
that this arbitration provision shall apply equally to claims of fraud or fraud in the inducement. The arbitration shall be held at a location convenient to the parties in Chicago, Illinois before a
single arbitrator and shall be conducted in accordance with the rules and regulations promulgated by J.A.M.S./Endispute, Inc. unless specifically modified herein. 

        The
parties covenant and agree that the arbitration shall commence within 120 days of the date on which a written demand for arbitration is filed by any party hereto. In
connection with the arbitration proceeding, the arbitrator shall have the power to order the production of documents by each party and any third-party witnesses. In addition, each party may take up to
three depositions as of right, and the arbitrator may in his or her discretion allow additional depositions upon good cause shown by the moving party. However, the arbitrator shall not have the power
to order the answering of interrogatories or the response to requests for admission. In connection with any arbitration, each party 

shall provide to the other, no later than 14 business days before the date of the arbitration, the identity of all persons that may testify at the arbitration, a copy of all documents that may be
introduced at the arbitration or considered or used by a party's witness or expert, and a summary of the expert's opinions and the basis for said opinions. The arbitrator's decision and award shall be
made and delivered within 60 days of the conclusion of the arbitration. The abitrator's decision shall set forth a reasoned basis for any award of damages or finding of liability. The
arbitrator shall not have power to award damages in excess of actual compensatory damages and shall not multiply actual damages or award punitive damages or any other damages that are specifically
excluded under this Agreement, and each party hereby irrevocably waives any claim to such damages. 

        The
parties covenant and agree that they will participate in the arbitration in good faith and that they will share equally its costs, except as otherwise provided herein. Any party
unsuccessfully refusing to comply with an order of the arbitrators shall be liable for costs and expenses, including attorneys' fees, incurred by the other party in enforcing the award. This
Section 3.3 applies equally to requests for temporary, preliminary or permanent injunctive relief, except that in the case of temporary or preliminary injunctive relief any party may proceed in
court without prior arbitration for the limited purpose of avoiding immediate and irreparable harm. The provisions of this Section 3.3 shall be enforceable in any court of competent
jurisdiction. 

        Subject
to the second sentence of the immediately preceding paragraph, the parties shall bear their own attorneys' fees, costs and expenses in connection with the arbitration and the
parties will share equally in the fees and expenses charged by J.A.M.S./Endispute, Inc.; provided, however, that the arbitrator, upon a determination that a party acted in bad faith in
connection with the subject matter of the arbitration, may require such party to pay some or all of the expenses of the other party, including reasonable expenses of attorneys, financial experts and
other witnesses and the portion of the arbitration fees and expenses of the arbitrators otherwise allocable to such other party. 

        3.4    Governing Law.    This Agreement and all legal relations, claims or obligations arising out of this transaction
shall be governed by and construed in accordance with the internal substantive laws of the State of Delaware. 

        3.5    Notices and Demands.    All notices, requests, demands and other communications hereunder shall be in writing
and shall be deemed to have been duly given if faxed (with transmission 

acknowledgment received), delivered personally or mailed by certified or registered mail (return receipt requested) as follows: 

	To the Partnership of the

General Partner:	 	Horizon Group Properties, Inc.

77 West Wacker Drive, Suite 4200

Chicago, IL 60601

Attention: Chief Financial Officer
	

To the Grantee:	
 	

At the address or facsimile number shown on the

Signature pages hereto.

or
to such other address or fax number of which any party may notify the other parties as provided above. Notices shall be effective as of the date of such delivery, mailing or fax. 

        3.6    Counterparts.    This Agreement may be executed in multiple counterparts, each of which shall constitute an
original but all of which shall constitute but one and the same instrument. One or more counterparts of this Agreement may be delivered via facsimile transmission, with the intention that they shall
have the same effect as an original counterpart hereof. 

        3.7    Limitation of Liability.    The Grantee hereby acknowledges that no member, officer, manager, director, agent
or sponsor of the Partnership, the General Partner or any of their affiliates shall have personal liability hereunder or under the Partnership Agreement for any acts taken by such person in connection
with the transactions contemplated hereby, except for acts which constitute willful misconduct. 

        3.8    Nontransferability.    Neither this Agreement nor any Common Units granted hereunder may be transferred in any
manner without the prior written consent of the Partnership, which consent may be withheld in its sole discretion; provided, however, that the following transfers of Common Units are permitted:
(a) transfers upon the death of Grantee by operation of law; (b) transfers to the Partnership; and (c) transfers in connection with transactions approved by the board of directors
of the General Partner. 

        3.9    Entire Agreement.    The Partnership Agreement is incorporated herein by reference. This Agreement and the
Partnership Agreement constitute the entire agreement of the parties and supersede all prior undertakings and agreements with respect to the subject matter hereof. 

        3.10    Amendments.    This Agreement may be amended only by a writing executed by the Grantee, the Partnership and
the General Partner. 

        3.11    Tax Withholding.    The Grantee shall pay to the Partnership or make arrangements satisfactory to the General
Partner for payment of any federal, state, and local taxes required by law to be withheld on account of the issuance of the Common Units hereunder. 

        IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first set forth above. 

	 	HORIZON GROUP PROPERTIES, L.P.
	

 	

By:	
 	

Horizon Group Properties, Inc.,

Its General Partner
	

 	

By:	
 	

  
 Name: Gary J. Skoien

Title: President
	

 	

 HORIZON GROUP PROPERTIES, INC.
	

 	

By:	

 	

  
 Name: Gary J. Skoien

Title: President

[GRANTEE SIGNATURE PAGE]  

	 	GRANTEE:
	

 	

 Signature
	

 	

 Print Name

	

 	

Social Security Number:	

  

	

 	

Address:	

  

	 	  
  

Section 2(i) Representation. Please initial or check ALL of
the boxes which correctly describe the Grantee. 

The
Grantee is a natural person: (i) whose individual net worth, or joint net worth with that person's spouse, at the time of his purchase exceeds $1,000,000, or (ii) who had an
individual income in excess of $200,000 in each of the two most recent years or joint income with the person's spouse in excess of $300,000 in each of those years and has a reasonable expectation of
reaching the same income level in the current year. 

The
Grantee is a natural person who is a director or executive officer (as defined below) of either or both of the Partnership or the General Partner. As used herein, "executive officer" shall mean
the president, any vice president in charge of a principal business unit, division or function (such as sales, administration or finance), any other officer who performs a policy-making function, or
any other person who performs similar policy-making functions for the Partnership or the General Partner. 

ANNEX A  

COUNTERPART SIGNATURE PAGE OF

AMENDED AND RESTATED

AGREEMENT OF LIMITED PARTNERSHIP OF

HORIZON GROUP PROPERTIES, L.P.  

LIMITED
PARTNER SIGNATURE PAGE 

        The
undersigned, desiring to become a limited partner of Horizon Group Properties, L.P., a Delaware limited partnership (the
"Partnership"), hereby becomes a party to the Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of June 15,
1998, as amended to date (the "Partnership Agreement"). The undersigned hereby agrees to all the provisions of the Partnership Agreement, and agrees
that this signature page may be attached to any counterpart copy of the Partnership Agreement. 

	

 	

 Signature
	

 	

 Print Name
	

 	

Date: Effective as of September    , 2002

	

 	

Address:	

  

	 	  
  

QuickLinks

Exhibit 10.73

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00044-of-00352.parquet"}]]