Document:

2000 Stock Option Plan of Registrant

 Exhibit 10.2 
 VAROLII CORPORATION 
 (formerly known as AlertOnline, Inc. and Par3 Communications, Inc.)

 2000 STOCK OPTION PLAN 
 As Adopted on May 9, 2000 
 As Amended on June 2, 2000 
 As Amended on December 8, 2000 
 As Amended on February 28, 2001 
 As Amended on August 6, 2002 
 As Amended on October 18, 2002 
 As Amended on December 19, 2003 
 As Amended on December 6, 2005 
 As Amended on September 1, 2006 
 As Amended on February 28, 2007 
 As Amended on August 10, 2007 
 1. Purposes of the Plan. The purposes of this 2000 Stock Option Plan are to attract and retain the best available personnel for positions
of substantial responsibility, to provide additional incentive to Employees and Consultants and to promote the success of the Company’s business. Options granted under the Plan may be Incentive Stock Options or Nonstatutory Stock Options, as
determined by the Administrator at the time of grant of an option and subject to the applicable provisions of Section 422 of the Code and the regulations promulgated thereunder. 
 2. Definitions. As used herein, the following definitions shall apply: 
 (a) “Administrator” means the Board or its Committee appointed pursuant to Section 4 of the Plan. 
 (b) “Affiliate” means an entity other than a Subsidiary (as defined below) which, together with the Company, is under common
control of a third person or entity. 
 (c) “Applicable Laws” means the legal requirements relating to the
administration of stock option and restricted stock purchase plans under applicable U.S. state corporate laws, U.S. federal and applicable state securities laws, the Code, any Stock Exchange rules or regulations and the applicable laws of any other
country or jurisdiction where Options are granted under the Plan, as such laws, rules, regulations and requirements shall be in place from time to time. 
 (d) “Board” means the Board of Directors of the Company. 
 (e)
“Cause” for termination of a Participant’s Continuous Service Status will exist if the Participant is terminated for any of the following reasons: (i) Participant’s willful failure substantially to perform his
or her duties and responsibilities to the Company or deliberate 

 
violation of a Company policy; (ii) Participant’s commission of any act of fraud, embezzlement, dishonesty or any other willful misconduct that has
caused or is reasonably expected to result in material injury to the Company; (iii) unauthorized use or disclosure by Participant of any proprietary information or trade secrets of the Company or any other party to whom the Participant owes an
obligation of nondisclosure as a result of his or her relationship with the Company; or (iv) Participant’s willful breach of any of his or her obligations under any written agreement or covenant with the Company. The determination as to
whether a Participant is being terminated for Cause shall be made in good faith by the Company and shall be final and binding on the Participant. The foregoing definition does not in any way limit the Company’s ability to terminate a
Participant’s employment or consulting relationship at any time as provided in Section 5(d) below, and the term “Company” will be interpreted to include any Subsidiary, Parent, Affiliate or successor thereto, if appropriate.

 (f) “Change of Control” means a sale of all or substantially all of the Company’s assets, or any merger or
consolidation of the Company with or into another corporation other than a merger or consolidation in which the holders of more than 50% of the shares of capital stock of the Company outstanding immediately prior to such transaction continue to hold
(either by the voting securities remaining outstanding or by their being converted into voting securities of the surviving entity) more than 50% of the total voting power represented by the voting securities of the Company, or such surviving entity,
outstanding immediately after such transaction. 
 (g) “Code” means the Internal Revenue Code of 1986, as amended.

 (h) “Committee” means one or more committees or subcommittees of the Board appointed by the Board to administer
the Plan in accordance with Section 4 below. 
 (i) “Common Stock” means the Common Stock of the Company.

 (j) “Company” means Varolii Corporation, a Washington corporation. 
 (k) “Consultant” means any person, including an advisor, who is engaged by the Company or any Parent, Subsidiary or Affiliate to
render services and is compensated for such services, and any director of the Company whether compensated for such services or not. 
 (l)
“Continuous Service Status” means the absence of any interruption or termination of service as an Employee or Consultant. Continuous Service Status as an Employee or Consultant shall not be considered interrupted in the case
of: (i) sick leave; (ii) military leave; (iii) any other leave of absence approved by the Administrator, provided that such leave is for a period of not more than ninety (90) days, unless reemployment upon the expiration of such
leave is guaranteed by contract or statute, or unless provided otherwise pursuant to Company policy adopted from time to time; or (iv) in the case of transfers between locations of the Company or between the Company, its Parents, Subsidiaries,
Affiliates or their respective successors. A change in status from an Employee to a Consultant or from a Consultant to an Employee will not constitute an interruption of Continuous Service Status. 
  

 -2- 

 (m) “Corporate Transaction” means a sale of all or substantially all of the
Company’s assets, or a merger, consolidation or other capital reorganization of the Company with or into another corporation and includes a Change of Control. 
 (n) “Director” means a member of the Board. 
 (o) “Employee”
means any person employed by the Company or any Parent, Subsidiary or Affiliate, with the status of employment determined based upon such factors as are deemed appropriate by the Administrator in its discretion, subject to any requirements of the
Code or the Applicable Laws. The payment by the Company of a director’s fee to a Director shall not be sufficient to constitute “employment” of such Director by the Company. 
 (p) “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 (q) “Fair Market Value” means, as of any date, the fair market value of the Common Stock, as determined by the Administrator in
good faith on such basis as it deems appropriate and applied consistently with respect to Participants. Whenever possible, the determination of Fair Market Value shall be based upon the closing price for the Shares as reported in the Wall Street
Journal for the applicable date. 
 (r) “Incentive Stock Option” means an Option intended to qualify as an
incentive stock option within the meaning of Section 422 of the Code, as designated in the applicable Option Agreement. 
 (s)
“Involuntary Termination” means termination of a Participant’s Continuous Service Status under the following circumstances: (i) termination without Cause by the Company or a Subsidiary, Parent, Affiliate or
successor thereto, as appropriate; or (ii) voluntary termination by the Participant within 20 days following (A) a material reduction in the Participant’s job responsibilities, provided that neither a mere change in title alone or
reassignment following a Change of Control to a position that is substantially similar to the position held prior to the Change of Control shall constitute a material reduction in job responsibilities; (B) relocation by the Company or a
Subsidiary, Parent, Affiliate or successor thereto, as appropriate, of the Participant’s work site to a facility or location more than 50 miles from the Participant’s principal work site for the Company at the time of the Change of
Control; or (C) a reduction in Participant’s then-current base salary by at least 15%, provided that an across-the-board reduction in the salary level of all other employees or consultants in positions similar to the Participant’s by
the same percentage amount as part of a general salary level reduction shall not constitute such a salary reduction. 
 (t)
“Listed Security” means any security of the Company that is listed or approved for listing on a national securities exchange or designated or approved for designation as a national market system security on an interdealer
quotation system by the National Association of Securities Dealers, Inc. 
 (u) “Named Executive” means any
individual who, on the last day of the Company’s fiscal year, is the chief executive officer of the Company (or is acting in such 

  

 -3- 

 
capacity) or among the four most highly compensated officers of the Company (other than the chief executive officer). Such officer status shall be determined
pursuant to the executive compensation disclosure rules under the Exchange Act. 
 (v) “Nonstatutory Stock Option”
means an Option not intended to qualify as an Incentive Stock Option, as designated in the applicable Option Agreement. 
 (w)
“Option” means a stock option granted pursuant to the Plan. 
 (x) “Option Agreement” means a
written document, the form(s) of which shall be approved from time to time by the Administrator, reflecting the terms of an Option granted under the Plan and includes any documents attached to or incorporated into such Option Agreement, including,
but not limited to, a notice of stock option grant and a form of exercise notice. 
 (y) “Option Exchange Program”
means a program approved by the Administrator whereby outstanding Options are exchanged for Options with a lower exercise price or are amended to decrease the exercise price as a result of a decline in the Fair Market Value of the Common Stock.

 (z) “Optioned Stock” means the Common Stock subject to an Option. 
 (aa) “Optionee” means an Employee or Consultant who receives an Option. 
 (bb) “Parent” means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the
Code, or any successor provision. 
 (cc) “Participant” means any holder of one or more Options, or the Shares
issuable or issued upon exercise of such Options, under the Plan. 
 (dd) “Plan” means this 2000 Stock Option Plan.

 (ee) “Reporting Person” means an officer, Director, or greater than ten percent stockholder of the Company within
the meaning of Rule 16a-2 under the Exchange Act, who is required to file reports pursuant to Rule 16a-3 under the Exchange Act. 
 (ff)
“Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act, as amended from time to time, or any successor provision. 
 (gg) “Share” means a share of the Common Stock, as adjusted in accordance with Section 13 of the Plan. 
 (hh) “Stock Exchange” means any stock exchange or consolidated stock price reporting system on which prices for the Common Stock are quoted at any given time. 
 (ii) “Subsidiary” means a “subsidiary corporation,” whether now or hereafter existing, as defined in
Section 424(f) of the Code, or any successor provision. 
  

 -4- 

 (jj) “Ten Percent Holder” means a person who owns stock representing more than
ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary. 
 3. Stock Subject to
the Plan. Subject to the provisions of Section 12 of the Plan, the maximum aggregate number of Shares that may be sold under the Plan is 36,100,000 Shares of Common Stock. The Shares may be authorized, but unissued, or reacquired Common
Stock. If an award should expire or become unexercisable for any reason without having been exercised in full, or is surrendered pursuant to an Option Exchange Program, the unpurchased Shares that were subject thereto shall, unless the Plan shall
have been terminated, become available for future grant under the Plan. In addition, any Shares of Common Stock which are retained by the Company upon exercise of an award in order to satisfy the exercise or purchase price for such award or any
withholding taxes due with respect to such exercise or purchase shall be treated as not issued and shall continue to be available under the Plan. Shares issued under the Plan and later repurchased by the Company pursuant to any repurchase right
which the Company may have shall not be available for future grant under the Plan. 
 4. Administration of the Plan.

 (a) General. The Plan shall be administered by the Board or a Committee, or a combination thereof, as determined by the
Board. The Plan may be administered by different administrative bodies with respect to different classes of Participants and, if permitted by the Applicable Laws, the Board may authorize one or more officers to make awards under the Plan.

 (b) Committee Composition. If a Committee has been appointed pursuant to this Section 4, such Committee shall continue
to serve in its designated capacity until otherwise directed by the Board. From time to time the Board may increase the size of any Committee and appoint additional members thereof, remove members (with or without cause) and appoint new members in
substitution therefor, fill vacancies (however caused) and remove all members of a Committee and thereafter directly administer the Plan, all to the extent permitted by the Applicable Laws and, in the case of a Committee administering the Plan in
accordance with the requirements of Rule 16b-3 or Section 162(m) of the Code, to the extent permitted or required by such provisions. 
 (c) Powers of the Administrator. Subject to the provisions of the Plan and in the case of a Committee, the specific duties delegated by the Board to such Committee, the Administrator shall have the authority, in its
discretion: 
 (i) to determine the Fair Market Value of the Common Stock, in accordance with Section 2(q) of the Plan, provided that
such determination shall be applied consistently with respect to Participants under the Plan; 
 (ii) to select the Employees and
Consultants to whom Options may from time to time be granted; 
 (iii) to determine whether and to what extent Options are granted;

  

 -5- 

 (iv) to determine the number of Shares of Common Stock to be covered by each award granted; 

(v) to approve the form(s) of agreement(s) used under the Plan; 
 (vi) to determine the terms and conditions, not inconsistent with the terms of the Plan, of any award granted hereunder, which terms and conditions include but are not limited to the exercise or purchase price, the
time or times when awards may be exercised (which may be based on performance criteria), any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Option, Optioned Stock or restricted stock issued
upon exercise of an Option, based in each case on such factors as the Administrator, in its sole discretion, shall determine; 
 (vii) to
determine whether and under what circumstances an Option may be settled in cash under Section 9(c) instead of Common Stock; 
 (viii)
to implement an Option Exchange Program on such terms and conditions as the Administrator in its discretion deems appropriate, provided that no amendment or adjustment to an Option that would materially and adversely affect the rights of any
Optionee shall be made without the prior written consent of the Optionee; 
 (ix) to adjust the vesting of an Option held by an Employee or
Consultant as a result of a change in the terms or conditions under which such person is providing services to the Company; 
 (x) to
construe and interpret the terms of the Plan and awards granted under the Plan, which constructions, interpretations and decisions shall be final and binding on all Participants; 
 (xi) to permit the exercise of unvested options in exchange for shares of Common Stock subject to a right of repurchase; and 
 (xii) in order to fulfill the purposes of the Plan and without amending the Plan, to modify grants of Options to Participants who are foreign nationals
or employed outside of the United States in order to recognize differences in local law, tax policies or customs. 
 5.
Eligibility. 
 (a) Recipients of Grants. Nonstatutory Stock Options may be granted to Employees and Consultants.
Incentive Stock Options may be granted only to Employees, provided that Employees of Affiliates shall not be eligible to receive Incentive Stock Options. 
 (b) Type of Option. Each Option shall be designated in the Option Agreement as either an Incentive Stock Option or a Nonstatutory Stock Option. 
  

 -6- 

 (c) ISO $100,000 Limitation. Notwithstanding any designation under Section 5(b), to
the extent that the aggregate Fair Market Value of Shares with respect to which Options designated as Incentive Stock Options are exercisable for the first time by any Optionee during any calendar year (under all plans of the Company or any Parent
or Subsidiary) exceeds $100,000, such excess Options shall be treated as Nonstatutory Stock Options. For purposes of this Section 5(c), Incentive Stock Options shall be taken into account in the order in which they were granted, and the Fair
Market Value of the Shares subject to an Incentive Stock Option shall be determined as of the date of the grant of such Option. 
 (d)
No Employment Rights. The Plan shall not confer upon any Participant any right with respect to continuation of an employment or consulting relationship with the Company, nor shall it interfere in any way with such Participant’s
right or the Company’s right to terminate his or her employment or consulting relationship at any time, with or without Cause. 
 6.
Term of Plan. The Plan shall become effective upon its adoption by the Board of Directors. It shall continue in effect for a term of ten (10) years unless sooner terminated under Section 14 of the Plan. 
 7. Term of Option. The term of each Option shall be the term stated in the Option Agreement; provided that the term shall be no more than
ten years from the date of grant thereof or such shorter term as may be provided in the Option Agreement and provided further that, in the case of an Incentive Stock Option granted to a person who at the time of such grant is a Ten Percent Holder,
the term of the Option shall be five years from the date of grant thereof or such shorter term as may be provided in the Option Agreement. 
 8. Option Exercise Price and Consideration. 
 (a) Exercise Price. The per Share exercise price for the
Shares to be issued pursuant to exercise of an Option shall be such price as is determined by the Administrator and set forth in the Option Agreement, but shall be subject to the following: 
 (i) In the case of an Incentive Stock Option 
 (A) granted to an Employee who at the time of grant is a Ten Percent Holder, the per Share exercise price shall be no less than 110% of the Fair Market Value per Share on the date of grant; or 
 (B) granted to any other Employee, the per Share exercise price shall be no less than 100% of the Fair Market Value per Share on the date of grant.

 (ii) In the case of a Nonstatutory Stock Option the per share Exercise Price shall be such price as determined by the Administrator
provided that if such eligible person is, at the time of the grant of such Option, a Named Executive of the Company, the per share Exercise Price shall be no less than 100% of the Fair Market Value on the date of grant if such Option is intended to
qualify as performance-based compensation under Section 162(m) of the Code. 
  

 -7- 

 (iii) Notwithstanding the foregoing, Options may be granted with a per Share exercise price other than
as required above pursuant to a merger or other corporate transaction. 
 (b) Permissible Consideration. The consideration to
be paid for the Shares to be issued upon exercise of an Option, including the method of payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option, shall be determined at the time of grant) and may consist
entirely of (1) cash; (2) check; (3) delivery of Optionee’s promissory note with such recourse, interest, security and redemption provisions as the Administrator determines to be appropriate (4) cancellation of indebtedness;
(5) other Shares that have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which the Option is exercised, provided that in the case of Shares acquired, directly or indirectly, from the
Company, such Shares must have been owned by the Optionee for more than six months on the date of surrender (or such other period as may be required to avoid the Company’s incurring an adverse accounting charge); (6) delivery of a properly
executed exercise notice together with such other documentation as the Administrator and a securities broker approved by the Company shall require to effect exercise of the Option and prompt delivery to the Company of the sale or loan proceeds
required to pay the exercise price and any applicable withholding taxes; or (7) any combination of the foregoing methods of payment. In making its determination as to the type of consideration to accept, the Administrator shall consider if
acceptance of such consideration may be reasonably expected to benefit the Company and the Administrator may, in its sole discretion, refuse to accept a particular form of consideration at the time of any Option exercise. 
 9. Exercise of Option. 
 (a)
General. 
 (i) Exercisability. Any Option granted hereunder shall be exercisable at such times and under such
conditions as determined by the Administrator, consistent with the term of the Plan and reflected in the Option Agreement, including vesting requirements and/or performance criteria with respect to the Company and/or the Optionee. The Administrator
shall have the discretion to determine whether and to what extent the vesting of Options shall be tolled during any unpaid leave of absence; provided, however, that in the absence of such determination, vesting of Options shall be tolled
during any such leave. 
 (ii) Minimum Exercise Requirements. An Option may not be exercised for a fraction of a Share. The
Administrator may require that an Option be exercised as to a minimum number of Shares, provided that such requirement shall not prevent an Optionee from exercising the full number of Shares as to which the Option is then exercisable. 
 (iii) Procedures for and Results of Exercise. An Option shall be deemed exercised when written notice of such exercise has been given to
the Company in accordance with the terms of the Option by the person entitled to exercise the Option and the Company has received full payment for the Shares with respect to which the Option is exercised. Full payment may, as authorized by the
Administrator, consist of any consideration and method of payment allowable under Section 8(b) of the Plan, provided that the Administrator may, in its sole discretion, refuse to accept any form of consideration at the time of any Option
exercise. 
  

 -8- 

 Exercise of an Option in any manner shall result in a decrease in the number of Shares that thereafter
may be available, both for purposes of the Plan and for sale under the Option, by the number of Shares as to which the Option is exercised. 
 (iv) Rights as Shareholder. Until the issuance of the Shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or
any other rights as a stockholder shall exist with respect to the Optioned Stock, notwithstanding the exercise of the Option. No adjustment will be made for a dividend or other right for which the record date is prior to the date the stock
certificate is issued, except as provided in Section 13 of the Plan. 
 (b) Termination of Employment or Consulting
Relationship. Except as otherwise set forth in this Section 9(b), the Administrator shall establish and set forth in the applicable Option Agreement the terms and conditions upon which an Option shall remain exercisable, if at all,
following termination of an Optionee’s Continuous Service Status, which provisions may be waived or modified by the Administrator at any time. To the extent that the Optionee is not entitled to exercise an Option at the date of his or her
termination of Continuous Service Status, or if the Optionee (or other person entitled to exercise the Option) does not exercise the Option to the extent so entitled within the time specified in the Option Agreement or below (as applicable), the
Option shall terminate and the Optioned Stock underlying the unexercised portion of the Option shall revert to the Plan. In no event may any Option be exercised after the expiration of the Option term as set forth in the Option Agreement (and
subject to Section 7). 
 The following provisions (1) shall apply to the extent an Option Agreement does not specify the terms and
conditions upon which an Option shall terminate upon termination of an Optionee’s Continuous Service Status, and (2) establish the minimum post-termination exercise periods that may be set forth in an Option Agreement: 
 (i) Termination other than Upon Disability or Death or for Cause. In the event of termination of an Optionee’s Continuous Service
Status, such Optionee may exercise an Option for 90 days following such termination to the extent the Optionee was entitled to exercise it at the date of such termination. No termination shall be deemed to occur and this Section 9(b)(i) shall
not apply if (i) the Optionee is a Consultant who becomes an Employee, or (ii) the Optionee is an Employee who becomes a Consultant. 
 (ii) Disability of Optionee. In the event of termination of an Optionee’s Continuous Service Status as a result of his or her disability (including a disability within the meaning of Section 22(e)(3) of the Code),
such Optionee may exercise an Option at any time within six months following such termination to the extent the Optionee was entitled to exercise it at the date of such termination. 
  

 -9- 

 (iii) Death of Optionee. In the event of the death of an Optionee during the period of
Continuous Service Status since the date of grant of the Option, or within thirty days following termination of Optionee’s Continuous Service Status, the Option may be exercised by Optionee’s estate or by a person who acquired the right to
exercise the Option by bequest or inheritance at any time within twelve months following the date of death, but only to the extent of the right to exercise that had accrued at the date of death or, if earlier, the date the Optionee’s Continuous
Service Status terminated. 
 (iv) Termination for Cause. In the event of termination of an Optionee’s Continuous Service
Status for Cause, any Option (including any exercisable portion thereof) held by such Optionee shall immediately terminate in its entirety upon first notification to the Optionee of termination of the Optionee’s Continuous Service Status. If an
Optionee’s employment or consulting relationship with the Company is suspended pending an investigation of whether the Optionee shall be terminated for Cause, all the Optionee’s rights under any Option likewise shall be suspended during
the investigation period and the Optionee shall have no right to exercise any Option. This Section 9(b)(iv) shall apply with equal effect to vested Shares acquired upon exercise of an Option granted prior to the date, if any, upon which the
Common Stock becomes a Listed Security to a person other than an officer, Director or Consultant, in that the Company shall have the right to repurchase such Shares from the Participant upon the following terms: (A) the repurchase is made
within 90 days of termination of the Participant’s Continuous Service Status for Cause at the Fair Market Value of the Shares as of the date of termination, (B) consideration for the repurchase consists of cash or cancellation of purchase
money indebtedness, and (C) the repurchase right terminates upon the effective date of the Company’s initial public offering of its Common Stock. With respect to vested Shares issued upon exercise of an Option granted to any officer,
Director or Consultant, the Company’s right to repurchase such Shares upon termination of the Participant’s Continuous Service Status for Cause shall be made at the Participant’s original cost for the Shares and shall be effected
pursuant to such terms and conditions, and at such time, as the Administrator shall determine. Nothing in this Section 9(b)(iv) shall in any way limit the Company’s right to purchase unvested Shares issued upon exercise of an Option as set
forth in the applicable Option Agreement. 
 (c) Buyout Provisions. The Administrator may at any time offer to buy out for a
payment in cash or Shares an Option previously granted under the Plan based on such terms and conditions as the Administrator shall establish and communicate to the Optionee at the time that such offer is made. 
 10. Taxes. 
 (a) As a condition
of the exercise of an Option granted under the Plan, the Participant (or in the case of the Participant’s death, the person exercising the Option) shall make such arrangements as the Administrator may require for the satisfaction of any
applicable federal, state, local or foreign withholding tax obligations that may arise in connection with the exercise of the Option and the issuance of Shares. The Company shall not be required to issue any Shares under the Plan until such
obligations are satisfied. If the Administrator allows the withholding or surrender of Shares to satisfy a Participant’s minimum tax withholding obligations under this Section 10 (whether pursuant to Section 10(c), (d) or (e), or
otherwise), the Administrator shall not allow Shares to be withheld in an amount that exceeds the minimum statutory withholding rates for federal and state tax purposes, including payroll taxes. 
  

 -10- 

 (b) In the case of an Employee and in the absence of any other arrangement, the Employee shall be deemed
to have directed the Company to withhold or collect from his or her compensation an amount sufficient to satisfy such tax obligations from the next payroll payment otherwise payable after the date of an exercise of the Option. 
 (c) This Section 10(c) shall apply only after the date, if any, upon which the Common Stock becomes a Listed Security. In the case of Participant
other than an Employee (or in the case of an Employee where the next payroll payment is not sufficient to satisfy such tax obligations, with respect to any remaining tax obligations), in the absence of any other arrangement and to the extent
permitted under the Applicable Laws, the Participant shall be deemed to have elected to have the Company withhold from the Shares to be issued upon exercise of the Option that number of Shares having a Fair Market Value determined as of the
applicable Tax Date (as defined below) equal to the amount required to be withheld. For purposes of this Section 10, the Fair Market Value of the Shares to be withheld shall be determined on the date that the amount of tax to be withheld is to
be determined under the Applicable Laws (the “Tax Date”). 
 (d) If permitted by the Administrator, in its discretion, a
Participant may satisfy his or her tax withholding obligations upon exercise of an Option by surrendering to the Company Shares that have a Fair Market Value determined as of the applicable Tax Date equal to the amount required to be withheld. In
the case of shares previously acquired from the Company that are surrendered under this Section 10(d), such Shares must have been owned by the Participant for more than six (6) months on the date of surrender (or such other period of time
as is required for the Company to avoid adverse accounting charges). 
 (e) Any election or deemed election by a Participant to have Shares
withheld to satisfy tax withholding obligations under Section 10(c) or (d) above shall be irrevocable as to the particular Shares as to which the election is made and shall be subject to the consent or disapproval of the Administrator. Any
election by a Participant under Section 10(d) above must be made on or prior to the applicable Tax Date. 
 (f) In the event an election
to have Shares withheld is made by a Participant and the Tax Date is deferred under Section 83 of the Code because no election is filed under Section 83(b) of the Code, the Participant shall receive the full number of Shares with respect
to which the Option is exercised but such Participant shall be unconditionally obligated to tender back to the Company the proper number of Shares on the Tax Date. 
 11. Non-Transferability of Options. 
 (a) General. Except as set forth in this
Section 11, Options may not be sold, pledged, assigned, hypothecated, transferred or disposed of in any manner other than by will or by the laws of descent or distribution. The designation of a beneficiary by an Optionee will not constitute a
transfer. An Option may be exercised, during the lifetime of the holder of an Option, only by such holder or a transferee permitted by this Section 11. 
  

 -11- 

 (b) Limited Transferability Rights. Notwithstanding anything else in this Section 11,
prior to the date, if any, on which the Common Stock becomes a Listed Security, the Administrator may in its discretion grant Nonstatutory Stock Options that may be transferred by instrument to an inter vivos or testamentary trust in which the
Options are to be passed to beneficiaries upon the death of the trustor (settlor) or by gift to “Immediate Family” (as defined below), on such terms and conditions as the Administrator deems appropriate. Following the date, if any, on
which the Common Stock becomes a Listed Security, the Administrator may in its discretion grant transferable Nonstatutory Stock Options pursuant to Option Agreements specifying the manner in which such Nonstatutory Stock Options are transferable.
“Immediate Family” means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, and shall include adoptive
relationships. 
 12. Adjustments Upon Changes in Capitalization, Merger or Certain Other Transactions. 
 (a) Changes in Capitalization. Subject to any required action by the stockholders of the Company, the number of Shares of Common Stock
covered by each outstanding Option, and the number of Shares of Common Stock that have been authorized for issuance under the Plan but as to which no Options have yet been granted or that have been returned to the Plan upon cancellation or
expiration of an Option, as well as the price per Share of Common Stock covered by each such outstanding Option, shall be proportionately adjusted for any increase or decrease in the number of issued Shares of Common Stock resulting from a stock
split, reverse stock split, stock dividend, combination, recapitalization or reclassification of the Common Stock, or any other increase or decrease in the number of issued Shares of Common Stock effected without receipt of consideration by the
Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Administrator, whose determination
in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by
reason thereof shall be made with respect to, the number or price of Shares of Common Stock subject to an Option. 
 (b) Dissolution or
Liquidation. In the event of the dissolution or liquidation of the Company, each Option will terminate immediately prior to the consummation of such action, unless otherwise determined by the Administrator. 
 (c) Corporate Transaction. In the event of a Corporate Transaction, each outstanding Option shall be assumed or an equivalent option or
right shall be substituted by such successor corporation or a parent or subsidiary of such successor corporation (the “Successor Corporation”), unless the Successor Corporation does not agree to assume the award or to substitute an
equivalent option or right, in which case such Option shall terminate upon the 

  

 -12- 

 
consummation of the transaction. In the event of a Change of Control, each outstanding Option shall be assumed or an equivalent option substituted by the
successor corporation (or a Parent or Subsidiary of the successor corporation), unless the successor corporation does not agree to such assumption or substitution, in which case the Options shall terminate upon consummation of the transaction,
provided that if the Options are assumed or substituted, the vesting of each Option shall accelerate and one-third of the unvested Shares as to which the Options would not otherwise be vested and exercisable shall immediately prior to the
consummation of the transaction become exercisable. In addition, if the Options shall not be assumed or substituted, the vesting of each Option shall accelerate and the Options shall become exercisable in full (including with respect to Shares as to
which the Option would not otherwise be vested and exercisable) prior to consummation of the transaction at such time and on such conditions as the Administrator determines. If an Option is to be terminated pursuant to the preceding paragraph, the
Administrator shall notify the Optionee of such fact at least five (5) days prior to the date on which the Option terminates. 
 Notwithstanding the above, in the event (i) of a Change of Control, and (ii) any officer of the Company at or above the level of Vice President holding an Option assumed or substituted by the Successor Corporation in the Change of
Control, or holding restricted stock issued upon exercise of an Option with respect to which the Successor Corporation has succeeded to a repurchase right as a result of the Change of Control, is Involuntarily Terminated by the Successor Corporation
without Cause in connection with, or within 12 months following consummation of, the transaction, then any assumed or substituted Option held by such terminated executive at the time of termination shall accelerate and become exercisable in full
(including with respect to Shares as to which the Option would not otherwise be vested and exercisable). The acceleration of vesting and lapse of repurchase rights provided for in the previous sentence shall occur immediately prior to the effective
date of such executive’s termination. 
 For purposes of this Section 12(c), an Option shall be considered assumed, without
limitation, if, at the time of issuance of the stock or other consideration upon a Corporate Transaction or a Change of Control, as the case may be, each holder of an Option would be entitled to receive upon exercise of the award the same number and
kind of shares of stock or the same amount of property, cash or securities as such holder would have been entitled to receive upon the occurrence of the transaction if the holder had been, immediately prior to such transaction, the holder of the
number of Shares of Common Stock covered by the award at such time (after giving effect to any adjustments in the number of Shares covered by the Option as provided for in this Section 12); provided that if such consideration received in the
transaction is not solely common stock of the Successor Corporation, the Administrator may, with the consent of the Successor Corporation, provide for the consideration to be received upon exercise of the award to be solely common stock of the
Successor Corporation equal to the Fair Market Value of the per Share consideration received by holders of Common Stock in the transaction. 
 (d) Certain Distributions. In the event of any distribution to the Company’s stockholders of securities of any other entity or other assets (other than dividends payable in cash or stock of the Company) without receipt of
consideration by the Company, the Administrator may, in its discretion, appropriately adjust the price per Share of Common Stock covered by each outstanding Option to reflect the effect of such distribution. 
  

 -13- 

 13. Time of Granting Options. The date of grant of an Option shall, for all purposes, be
the date on which the Administrator makes the determination granting such Option, or such other date as is determined by the Administrator, provided that in the case of any Incentive Stock Option, the grant date shall be the later of the date on
which the Administrator makes the determination granting such Incentive Stock Option or the date of commencement of the Optionee’s employment relationship with the Company. Notice of the determination shall be given to each Employee or
Consultant to whom an Option is so granted within a reasonable time after the date of such grant. 
 14. Amendment and Termination of
the Plan. 
 (a) Authority to Amend or Terminate. The Board may at any time amend, alter, suspend or discontinue the
Plan, but no amendment, alteration, suspension or discontinuation (other than an adjustment pursuant to Section 12 above) shall be made that would materially and adversely affect the rights of any Optionee under any outstanding grant, without
his or her consent. In addition, to the extent necessary and desirable to comply with the Applicable Laws, the Company shall obtain shareholder approval of any Plan amendment in such a manner and to such a degree as required. 
 (b) Effect of Amendment or Termination. No amendment or termination of the Plan shall materially and adversely affect Options already
granted, unless mutually agreed otherwise between the Optionee and the Administrator, which agreement must be in writing and signed by the Optionee or holder and the Company. 
 (c) Accounting Issues. Notwithstanding anything else to the contrary in this Section 14, the Administrator may at any time amend or
adjust the Plan or an outstanding award issued under the Plan without the consent of the affected Participant(s) if such amendment or adjustment is necessary to avoid the Company’s incurring adverse accounting charges. 
 15. Conditions Upon Issuance of Shares. Notwithstanding any other provision of the Plan or any agreement entered into by the Company
pursuant to the Plan, the Company shall not be obligated, and shall have no liability for failure, to issue or deliver any Shares under the Plan unless such issuance or delivery would comply with the Applicable Laws, with such compliance determined
by the Company in consultation with its legal counsel. As a condition to the exercise of an Option, the Company may require the person exercising the award to represent and warrant at the time of any such exercise that the Shares are being purchased
only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required by law. 
 16. Reservation of Shares. The Company, during the term of this Plan, will at all times reserve and keep available such number of Shares as
shall be sufficient to satisfy the requirements of the Plan. 
  

 -14- 

 17. Agreements. Options shall be evidenced by Option Agreements in such form(s) as the
Administrator shall from time to time approve. 
 18. Shareholder Approval. If required by the Applicable Laws, continuance of
the Plan shall be subject to approval by the shareholders of the Company within twelve (12) months before or after the date the Plan is adopted. Such shareholder approval shall be obtained in the manner and to the degree required under the
Applicable Laws. 
 19. Information and Documents to Optionees and Purchasers. Prior to the date, if any, upon which the Common
Stock becomes a Listed Security and if required by the Applicable Laws, the Company shall provide financial statements at least annually to each Optionee and to each individual who acquired Shares pursuant to the Plan, during the period such
Optionee or purchaser has one or more Options outstanding, and in the case of an individual who acquired Shares pursuant to the Plan, during the period such individual owns such Shares. The Company shall not be required to provide such information
if the issuance of Options under the Plan is limited to key employees whose duties in connection with the Company assure their access to equivalent information. 
 20. Awards Granted to California Residents. Prior to the date, if any, upon which the Common Stock becomes a Listed Security, Options granted under the Plan to persons resident in California shall be
subject to the provisions set forth in Attachment A hereto. To the extent the provisions of the Plan conflict with the provisions set forth on Attachment A, the provisions on Attachment A shall govern the terms of such Options.

  

 -15- 

 Attachment A 
 Provisions Applicable to Option Recipients 
 Resident in California 
 Until such time as any security of the Company becomes a Listed Security and if required by Applicable Laws, the following additional terms shall apply
to Options, and Shares issued upon exercise of such Options, granted under the 2000 Stock Option Plan (the “Plan”) to persons resident in California as of the grant date of any such Option (each such person, a “California
Recipient”): 
 1. In the case of an Option, whether an Incentive Stock Option or a Nonqualified Stock Option, that is granted to
granted to a California Recipient who, at the time of the grant of such Option, owns stock representing more than 10% of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary, the per Share exercise price
shall be no less than 110% of the Fair Market Value on the grant date. 
 2. In the case of a Nonqualified Stock Option that is granted to
any other California Recipient, the per Share exercise price shall be no less than 85% of the Fair Market Value per Share on the grant date. 
 3. With respect to an Option issued to any California Recipient who is not an Officer, Director or Consultant, such Option shall become exercisable, or any repurchase option in favor of the Company shall lapse, at the rate of at least
20% per year over five years from the grant date. 
 4. The following rules shall apply to an Option issued to any California Recipient
or to stock issued to a California Recipient upon exercise of an Option, in the event of termination of the California Recipient’s employment or services with the Company: 
 (a) If such termination was for reasons other than death or disability, the California Recipient shall have at least 30 days after the date of such
termination (but in no event later than the expiration of the term of such Option established by the Plan Administrator as of the grant date) to exercise such Option. 
 (b) If such termination was on account of the death or disability of the California Recipient, the holder of the Option may, but only within six months from the date of such termination (but in no event later than the
expiration date of the term of such Option established by the Plan Administrator as of the grant date), exercise the Option to the extent the California Recipient was otherwise entitled to exercise it at the date of such termination. To the extent
that the California Recipient was not entitled to exercise the Option at the date of termination, or if the holder does not exercise such Option to the extent so entitled within six months from the date of termination, the Option shall terminate and
the Common Stock underlying the unexercised portion of the Option shall revert to the Plan. 
 (c) Section 9(b)(iv) of the Plan shall
apply with equal effect to vested Shares acquired upon exercise of an Option granted prior to the date, if any, upon which the Common Stock becomes a Listed Security to a person other than an Officer, Director or Consultant, in that 

 
the Company shall have the right to repurchase such Shares from the Participant upon the following terms: (A) the repurchase is made within 90 days of
termination of the Participant’s Continuous Service for Cause at the Fair Market Value of the Shares as of the date of termination, (B) consideration for the repurchase consists of cash or cancellation of purchase money indebtedness, and
(C) the repurchase right terminates upon the effective date of the Company’s initial public offering of its Common Stock. With respect to vested Shares issued upon exercise of an Option granted to any Officer, Director or Consultant, the
Company’s right to repurchase such Shares upon termination of the Participant’s Continuous Service for Cause shall be made at the Participant’s original cost for the Shares and shall be effected pursuant to such terms and conditions,
and at such time, as the Administrator shall determine. Nothing in this Section 9(b)(iv) shall in any way limit the Company’s right to purchase unvested Shares issued upon exercise of an Option as set forth in the applicable Option
Agreement. 
 5. The Company shall provide financial statements at least annually to each California Recipient during the period such person
has one or more Options outstanding, and in the case of an individual who acquired Shares pursuant to the Plan, during the period such individual owns such Shares. The Company shall not be required to provide such information if the issuance of
awards under the Plan is limited to key employees whose duties in connection with the Company assure their access to equivalent information. 
 6. Unless defined below or otherwise in this Attachment, Capitalized terms shall have the meanings set forth in the Plan. For purposes of this Attachment, “Officer” means a person who is an officer of the Company within the
meaning of Section 16(a) of the Exchange Act and the rules and regulations promulgated thereunder. 
  

 -2- 

 VAROLII CORPORATION 
 2000 STOCK OPTION PLAN 
 NOTICE OF STOCK OPTION GRANT 
 «Optionee» (the “Optionee”) 
 «OptioneeAddress» 
 You have been granted an option to purchase Common Stock of Varolii Corporation (the
“Company”) as follows: 
  

			
	Board Approval Date:	  	«BoardApprovalDate»
		
	Date of Grant (Later of Board Approval Date or Commencement of Employment/Consulting):	  	«GrantDate»
		
	Exercise Price per Share:	  	«ExercisePrice»
		
	Total Number of Shares Granted:	  	«NoOfShares»
		
	Total Exercise Price:	  	«TotalExercisePrice»
		
	Type of Option:	  	«Type»
		
	Expiration Date:	  	«ExpirDate»
		
	Vesting Commencement Date:	  	«VestingCommenceDate»
		
	Vesting/Exercise Schedule:	  	So long as your employment or consulting relationship with the Company continues, the shares underlying this option shall vest and become exercisable in accordance with the following schedule:
«VestingSchedule»
		
	Termination Period:	  	This option may be exercised for ninety (90) days after termination of employment or consulting relationship except as set out in Section 5 of the Stock Option Agreement (but in no event later
than the Expiration Date). Optionee is responsible for keeping track of these exercise periods following termination for any reason of his or her service relationship with the Company. The Company will not provide further notice of such periods.

		
	Transferability:	  	This option may not be transferred.

 By your signature and the signature of the Company’s representative below, you and the Company
agree that this Option is granted under and governed by the terms and conditions of the Varolii Corporation 2000 Stock Option Plan and the Stock Option Agreement, both of which are attached and made a part of this document. 
 In addition, you agree and acknowledge that your rights to any shares underlying the option will be earned only as you provide services to the Company
over time, that the grant of the option is not as consideration for services you rendered to the Company prior to your Vesting Commencement Date and that nothing in this Notice or the attached documents confers upon you any right to continue your
employment or consulting relationship with the Company for any period of time, nor does it interfere in any way with your right or the Company’s right to terminate that relationship at any time, for any reason, with or without cause.

  

							
		 		 	Varolii Corporation
				
	  
	 		 	By:	 	  

	«Optionee»	 		 	Name:	 	  

		 		 	Title:	 	  

  

 -4- 

 VAROLII CORPORATION 
 2000 STOCK OPTION PLAN 
 STOCK OPTION AGREEMENT 
 1. Grant of Option. Varolii Corporation a Washington corporation (the “Company”), hereby grants to Optionee, an option
(the “Option”) to purchase the total number of shares of Common Stock (the “Shares”) set forth in the Notice of Stock Option Grant (the “Notice”), at the exercise price per Share set forth in the
Notice (the “Exercise Price”) subject to the terms, definitions and provisions of the Varolii Corporation 2000 Stock Option Plan (the “Plan”) adopted by the Company, which is incorporated in this Agreement by
reference. Unless otherwise defined in this Agreement, the terms used in this Agreement shall have the meanings defined in the Plan. 
 2.
Designation of Option. This Option is intended to be an Incentive Stock Option as defined in Section 422 of the Code only to the extent so designated in the Notice, and to the extent it is not so designated or to the extent the
Option does not qualify as an Incentive Stock Option, it is intended to be a Nonstatutory Stock Option; provided, however, that if this Option is exercised more than three months following the date that you cease to be an employee of the Company it
shall be deemed a Nonstatutory Stock Option. 
 Notwithstanding the above, if designated as an Incentive Stock Option, in the event that the
Shares subject to this Option (and all other Incentive Stock Options granted to Optionee by the Company or any Parent or Subsidiary, including under other plans of the Company) that first become exercisable in any calendar year have an aggregate
fair market value (determined for each Share as of the date of grant of the option covering such Share) in excess of $100,000, the Shares in excess of $100,000 shall be treated as subject to a Nonstatutory Stock Option, in accordance with
Section 5(c) of the Plan. 
 3. Exercise of Option. This Option shall be exercisable during its term in accordance with
the Vesting/Exercise Schedule set out in the Notice and with the provisions of Section 9 of the Plan as follows: 
 (a) Right to
Exercise. 
 (i) This Option may not be exercised for a fraction of a share. 
 (ii) In the event of termination of Optionee’s Continuous Service Status, the exercisability of the Option is governed by Section 5 below,
subject to the limitations contained in this Section 3. 
 (iii) In no event may this Option be exercised after the Expiration Date of
the Option as set forth in the Notice. 

 (b) Method of Exercise. 
 (i) This Option shall be exercisable by execution and delivery of the Exercise Notice and Restricted Stock Purchase Agreement attached hereto as
Exhibit A or of any other form of written notice approved for such purpose by the Company which shall state Optionee’s election to exercise the Option, the number of Shares in respect of which the Option is being exercised, and such
other representations and agreements as to the holder’s investment intent with respect to such Shares as may be required by the Company pursuant to the provisions of the Plan. Such written notice shall be signed by Optionee and shall be
delivered to the Company by such means as are determined by the Plan Administrator in its discretion to constitute adequate delivery. The written notice shall be accompanied by payment of the Exercise Price. This Option shall be deemed to be
exercised upon receipt by the Company of such written notice accompanied by the Exercise Price. 
 (ii) As a condition to the exercise of
this Option and as further set forth in Section 10 of the Plan, Optionee agrees to make adequate provision for federal, state or other tax withholding obligations, if any, which arise upon the vesting or exercise of the Option, or disposition
of Shares, whether by withholding, direct payment to the Company, or otherwise. 
 (iii) The Company is not obligated, and will have no
liability for failure, to issue or deliver any Shares upon exercise of the Option unless such issuance or delivery would comply with the Applicable Laws, with such compliance determined by the Company in consultation with its legal counsel. This
Option may not be exercised until such time as the Plan has been approved by the stockholders of the Company, or if the issuance of such Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation
of any applicable federal or state securities or other law or regulation, including any rule under Part 221 of Title 12 of the Code of Federal Regulations as promulgated by the Federal Reserve Board. As a condition to the exercise of this Option,
the Company may require Optionee to make any representation and warranty to the Company as may be required by the Applicable Laws. Assuming such compliance, for income tax purposes the Shares shall be considered transferred to Optionee on the date
on which the Option is exercised with respect to such Shares. 
 4. Method of Payment. Payment of the Exercise Price shall be
by any of the following, or a combination of the following, at the election of Optionee: 
 (a) cash; 
 (b) check; or 
 (c) following the date, if
any, upon which the Common Stock is a Listed Security, delivery of a properly executed exercise notice together with irrevocable instructions to a broker approved by the Company to deliver promptly to the Company the amount of sale or loan proceeds
required to pay the exercise price. 
  

 -2- 

 5. Termination of Relationship. Following the date of termination of Optionee’s
Continuous Service Status for any reason (the “Termination Date”), Optionee may exercise the Option only as set forth in the Notice and this Section 5. To the extent that Optionee is not entitled to exercise this Option as of
the Termination Date, or if Optionee does not exercise this Option within the Termination Period set forth in the Notice or the termination periods set forth below, the Option shall terminate in its entirety. In no event, may any Option be exercised
after the Expiration Date of the Option as set forth in the Notice. 
 (a) Termination. In the event of termination of
Optionee’s Continuous Service Status other than as a result of Optionee’s disability or death or for Cause (as defined in the Plan), Optionee may, to the extent otherwise so entitled at the date of such termination (the
“Termination Date”), exercise this Option during the Termination Period set forth in the Notice. 
 (b) Other
Terminations. In connection with any termination other than a termination covered by Section 5(a), Optionee may exercise the Option only as described below: 
 (i) Termination upon Disability of Optionee. In the event of termination of Optionee’s Continuous Service Status as a result of Optionee’s disability, Optionee may, but only within six months
from the Termination Date, exercise this Option to the extent Optionee was entitled to exercise it as of such Termination Date. 
 (ii)
Death of Optionee. In the event of the death of Optionee (a) during the term of this Option and while an Employee or Consultant of the Company and having been in Continuous Service Status since the date of grant of the Option, or
(b) within thirty (30) days after Optionee’s Termination Date, the Option may be exercised at any time within twelve months following the date of death by Optionee’s estate or by a person who acquired the right to exercise the
Option by bequest or inheritance, but only to the extent Optionee was entitled to exercise the Option as of the Termination Date. 
 (iii)
Termination for Cause. In the event Optionee’s Continuous Service Status is terminated for Cause, the Option shall terminate immediately upon such termination for Cause as set forth in Section 9(b)(iv) of the Plan. In the
event Optionee’s employment or consulting relationship with the Company is suspended pending investigation of whether such relationship shall be terminated for Cause, all Optionee’s rights under the Option, including the right to exercise
the Option, shall be suspended during the investigation period, also as set forth in Section 9(b)(iv) of the Plan. 
 6.
Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by the laws of descent or distribution and may be exercised during the lifetime of Optionee only by him or her. The terms of this
Option shall be binding upon the executors, administrators, heirs, successors and assigns of Optionee. 
 7. Tax Consequences.
Below is a brief summary as of the date of this Option of certain of the federal tax consequences of exercise of this Option and disposition of the Shares under the laws in effect as of the Date of Grant. THIS SUMMARY IS INCOMPLETE, AND THE TAX LAWS
AND REGULATIONS ARE SUBJECT TO CHANGE. OPTIONEE SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES. 
  

 -3- 

 (a) Incentive Stock Option. 
 (i) Tax Treatment upon Exercise and Sale of Shares. If this Option qualifies as an Incentive Stock Option, there will be no regular federal
income tax liability upon the exercise of the Option, although the excess, if any, of the fair market value of the Shares on the date of exercise over the Exercise Price will be treated as an adjustment to the alternative minimum tax for federal tax
purposes and may subject Optionee to the alternative minimum tax in the year of exercise. If Shares issued upon exercise of an Incentive Stock Option are held for at least one year after exercise and are disposed of at least two years after the
Option grant date, any gain realized on disposition of the Shares will also be treated as long-term capital gain for federal income tax purposes. If Shares issued upon exercise of an Incentive Stock Option are disposed of within such one-year period
or within two years after the Option grant date, any gain realized on such disposition will be treated as compensation income (taxable at ordinary income rates) to the extent of the difference between the Exercise Price and the lesser of
(i) the fair market value of the Shares on the date of exercise, or (ii) the sale price of the Shares 
 (ii) Notice of
Disqualifying Dispositions. With respect to any Shares issued upon exercise of an Incentive Stock Option, if Optionee sells or otherwise disposes of such Shares on or before the later of (i) the date two years after the Option grant
date, or (ii) the date one year after the date of exercise, Optionee shall immediately notify the Company in writing of such disposition. Optionee acknowledges and agrees that he or she may be subject to income tax withholding by the Company on
the compensation income recognized by Optionee from the early disposition by payment in cash or out of the current earnings paid to Optionee. 
 (b) Nonstatutory Stock Option. If this Option does not qualify as an Incentive Stock Option, there may be a regular federal (and state) income tax liability upon the exercise of the Option. Optionee will be treated as having
received compensation income (taxable at ordinary income tax rates) equal to the excess, if any, of the fair market value of the Shares on the date of exercise over the Exercise Price. If Optionee is an Employee, the Company will be required to
withhold from Optionee’s compensation or collect from Optionee and pay to the applicable taxing authorities an amount equal to a percentage of this compensation income at the time of exercise. If Shares issued upon exercise of a Nonstatutory
Stock Option are held for at least one year, any gain realized on disposition of the Shares will be treated as long-term capital gain for federal income tax purposes. 
 8. Lock-Up Agreement. In connection with the initial public offering of the Company’s securities and upon request of the Company or the underwriters managing any underwritten offering of the
Company’s securities, Optionee hereby agrees not to sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of any securities of the Company however and whenever acquired (other than those included in the
registration) without the prior written consent of the Company or such underwriters, as the case may be, for such period of time (not to exceed 180 days) from the effective date of such registration as may be requested by the Company or such
managing underwriters and to execute an agreement reflecting the foregoing as may be requested by the underwriters at the time of the public offering. 
  

 -4- 

 9. Effect of Agreement. Optionee acknowledges receipt of a copy of the Plan and
represents that he or she is familiar with the terms and provisions thereof (and has had an opportunity to consult counsel regarding the Option terms), and hereby accepts this Option and agrees to be bound by its contractual terms as set forth
herein and in the Plan. Optionee hereby agrees to accept as binding, conclusive and final all decisions and interpretations of the Plan Administrator regarding any questions relating to the Option. In the event of a conflict between the terms and
provisions of the Plan and the terms and provisions of the Notice and this Agreement, the Plan terms and provisions shall prevail. The Option, including the Plan, constitutes the entire agreement between Optionee and the Company on the subject
matter hereof and supersedes all proposals, written or oral, and all other communications between the parties relating to such subject matter. 
 BY EXECUTING THE NOTICE OF STOCK OPTION GRANT TO WHICH THIS 
 AGREEMENT IS ATTACHED YOU AGREE TO THE TERMS SET FORTH HEREIN

  

 -5- 

 EXHIBIT A 
 VAROLII CORPORATION 
 2000 STOCK OPTION PLAN 
 EXERCISE NOTICE AND RESTRICTED STOCK PURCHASE AGREEMENT 
 This Agreement (“Agreement”) is made as of                         , by
and between Varolii Corporation, a Washington corporation (the “Company”), and                         
(“Purchaser”). To the extent any capitalized terms used in this Agreement are not defined, they shall have the meaning ascribed to them in the Company’s 2000 Stock Option Plan. 
 1. Exercise of Option. Subject to the terms and conditions hereof, Purchaser hereby elects to exercise his or her option to purchase
         shares of the Common Stock (the “Shares”) of the Company under and pursuant to the Company’s 2000 Stock Option Plan (the “Plan”) and the Stock Option
Agreement dated                      (the “Option Agreement”). The purchase price for the Shares shall be
$             per Share for a total purchase price of $            . The term “Shares” refers to
the purchased Shares and all securities received in replacement of the Shares or as stock dividends or splits, all securities received in replacement of the Shares in a recapitalization, merger, reorganization, exchange or the like, and all new,
substituted or additional securities or other properties to which Purchaser is entitled by reason of Purchaser’s ownership of the Shares. 
 2. Time and Place of Exercise. The purchase and sale of the Shares under this Agreement shall occur at the principal office of the Company simultaneously with the execution and delivery of this Agreement in accordance with the
provisions of Section 3(b) of the Option Agreement. On such date, the Company will deliver to Purchaser a certificate representing the Shares to be purchased by Purchaser (which shall be issued in Purchaser’s name) against payment of the
exercise price therefor by Purchaser by (a) check made payable to the Company, (b) cancellation of indebtedness of the Company to Purchaser, (c) delivery of shares of the Common Stock of the Company in accordance with Section 4
of the Option Agreement, or (d) by a combination of the foregoing. 
 3. Limitations on Transfer. In addition to any other
limitation on transfer created by applicable securities laws, Purchaser shall not assign, encumber or dispose of any interest in the Shares except in compliance with the provisions below and applicable securities laws. 
 (a) Right of First Refusal. Before any Shares held by Purchaser or any transferee of Purchaser (either being sometimes referred to herein as
the “Holder”) may be sold or otherwise transferred (including transfer by gift or operation of law), the Company or its assignee(s) shall have a right of first refusal to purchase the Shares on the terms and conditions set forth in
this Section 3(a) (the “Right of First Refusal”). 
 (i) Notice of Proposed Transfer. The Holder of the
Shares shall deliver to the Company a written notice (the “Notice”) stating: (i) the Holder’s bona fide 

 
intention to sell or otherwise transfer such Shares; (ii) the name of each proposed purchaser or other transferee (“Proposed
Transferee”); (iii) the number of Shares to be transferred to each Proposed Transferee; and (iv) the terms and conditions of each proposed sale or transfer. The Holder shall offer the Shares at the same price (the “Offered
Price”) and upon the same terms (or terms as similar as reasonably possible) to the Company or its assignee(s). 
 (ii)
Exercise of Right of First Refusal. At any time within thirty (30) days after receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the Holder, elect to purchase all, but not less than all, of
the Shares proposed to be transferred to any one or more of the Proposed Transferees, at the purchase price determined in accordance with subsection (iii) below. 
 (iii) Purchase Price. The purchase price (“Purchase Price”) for the Shares purchased by the Company or its assignee(s) under this Section 3(a) shall be the Offered Price. If the
Offered Price includes consideration other than cash, the cash equivalent value of the non-cash consideration shall be determined by the Board of Directors of the Company in good faith. 
 (iv) Payment. Payment of the Purchase Price shall be made, at the option of the Company or its assignee(s), in cash (by check), by
cancellation of all or a portion of any outstanding indebtedness, or by any combination thereof within 30 days after receipt of the Notice or in the manner and at the times set forth in the Notice. 
 (v) Holder’s Right to Transfer. If all of the Shares proposed in the Notice to be transferred to a given Proposed Transferee are not
purchased by the Company and/or its assignee(s) as provided in this Section 3(a), then the Holder may sell or otherwise transfer such Shares to that Proposed Transferee at the Offered Price or at a higher price, provided that such sale or other
transfer is consummated within 60 days after the date of the Notice and provided further that any such sale or other transfer is effected in accordance with any applicable securities laws and the Proposed Transferee agrees in writing that the
provisions of this Section 3 shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not transferred to the Proposed Transferee within such period, or if the Holder proposes to
change the price or other terms to make them more favorable to the Proposed Transferee, a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal before any Shares held by the
Holder may be sold or otherwise transferred. 
 (vi) Exception for Certain Family Transfers. Anything to the contrary
contained in this Section 3(a) notwithstanding, the transfer of any or all of the Shares during Purchaser’s lifetime or on Purchaser’s death by will or intestacy to Purchaser’s Immediate Family or a trust for the benefit of
Purchaser’s Immediate Family shall be exempt from the provisions of this Section 3(a). “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case,
the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section 3.

  

 -2- 

 (b) Involuntary Transfer. 
 (i) Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this Agreement, of any transfer
by operation of law or other involuntary transfer (including death or divorce, but excluding a transfer to Immediate Family as set forth in Section 3(a)(vi) above) of all or a portion of the Shares by the record holder thereof, the Company
shall have an option to purchase all of the Shares transferred at the greater of the purchase price paid by Purchaser pursuant to this Agreement or the fair market value of the Shares on the date of transfer. Upon such a transfer, the person
acquiring the Shares shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to the Company for a period of thirty (30) days following receipt by the Company of written notice by
the person acquiring the Shares. 
 (ii) Price for Involuntary Transfer. With respect to any stock to be transferred pursuant
to Section 3(b)(i), the price per Share shall be a price set by the Board of Directors of the Company that will reflect the current value of the stock in terms of present earnings and future prospects of the Company. The Company shall notify
Purchaser or his or her executor of the price so determined within thirty (30) days after receipt by it of written notice of the transfer or proposed transfer of Shares. However, if the Purchaser does not agree with the valuation as determined
by the Board of Directors of the Company, the Purchaser shall be entitled to have the valuation determined by an independent appraiser to be mutually agreed upon by the Company and the Purchaser and whose fees shall be borne equally by the Company
and the Purchaser. 
 (c) Assignment. The right of the Company to purchase any part of the Shares may be assigned in whole or
in part to any shareholder or shareholders of the Company or other persons or organizations. 
 (e) Restrictions Binding on
Transferees. All transferees of Shares or any interest therein will receive and hold such Shares or interest subject to the provisions of this Agreement. Any sale or transfer of the Company’s Shares shall be void unless the provisions
of this Agreement are satisfied. 
 (f) Termination of Rights. The right of first refusal granted the Company by
Section 3(a) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(b) above shall terminate upon the first sale of Common Stock of the Company to the general public pursuant
to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”). Upon termination of the right of first refusal described in
Section 3(b) above, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend referred to in Section 5(a)(ii) herein and delivered to Purchaser. 
 4. Investment and Taxation Representations. In connection with the purchase of the Shares, Purchaser represents to the Company the
following: 
 (a) Purchaser is aware of the Company’s business affairs and financial condition and has acquired sufficient information
about the Company to reach an informed and knowledgeable decision to acquire the Shares. Purchaser is purchasing these securities for investment for his or her own account only and not with a view to, or for resale in connection with, any
“distribution” thereof within the meaning of the Securities Act or under any applicable provision of state law. Purchaser does not have any present intention to transfer the Shares to any person or entity. 
  

 -3- 

 (b) Purchaser understands that the Shares have not been registered under the Securities Act by reason of
a specific exemption therefrom, which exemption depends upon, among other things, the bona fide nature of Purchaser’s investment intent as expressed herein. 
 (c) Purchaser further acknowledges and understands that the securities must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is available.
Purchaser further acknowledges and understands that the Company is under no obligation to register the securities. Purchaser understands that the certificate(s) evidencing the securities will be imprinted with a legend which prohibits the transfer
of the securities unless they are registered or such registration is not required in the opinion of counsel for the Company. 
 (d) Purchaser
is familiar with the provisions of Rules 144 and 701, each promulgated under the Securities Act, which, in substance, permit limited public resale of “restricted securities” acquired, directly or indirectly, from the issuer of the
securities (or from an affiliate of such issuer), in a non-public offering subject to the satisfaction of certain conditions. Purchaser understands that the Company provides no assurances as to whether he or she will be able to resell any or all of
the Shares pursuant to Rule 144 or Rule 701, which rules require, among other things, that the Company be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, that resales of securities take place only after the
holder of the Shares has held the Shares for certain specified time periods, and under certain circumstances, that resales of securities be limited in volume and take place only pursuant to brokered transactions. Notwithstanding this paragraph (d),
Purchaser acknowledges and agrees to the restrictions set forth in paragraph (e) below. 
 (e) Purchaser further understands that in the
event all of the applicable requirements of Rule 144 or 701 are not satisfied, registration under the Securities Act, compliance with Regulation A, or some other registration exemption will be required; and that, notwithstanding the fact that Rules
144 and 701 are not exclusive, the Staff of the Securities and Exchange Commission has expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and otherwise than pursuant to Rule 144 or
701 will have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales, and that such persons and their respective brokers who participate in such transactions do so at their own risk.

 (f) Purchaser understands that Purchaser may suffer adverse tax consequences as a result of Purchaser’s purchase or disposition of
the Shares. Purchaser represents that Purchaser has consulted any tax consultants Purchaser deems advisable in connection with the purchase or disposition of the Shares and that Purchaser is not relying on the Company for any tax advice. 

 

 -4- 

 5. Restrictive Legends and Stop-Transfer Orders. 
 (a) Legends. The certificate or certificates representing the Shares shall bear the following legends (as well as any legends required by
applicable state and federal corporate and securities laws): 
  

	 	(i)	THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN
CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL FOR THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED. 

  

	 	(ii)	THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE COMPANY AND THE STOCKHOLDER, A COPY OF WHICH IS ON FILE
WITH THE SECRETARY OF THE COMPANY. 

 (b) Stop-Transfer Notices. Purchaser agrees that, in order to ensure
compliance with the restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to
the same effect in its own records. 
 (c) Refusal to Transfer. The Company shall not be required (i) to transfer on its
books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee
to whom such Shares shall have been so transferred. 
 6. No Employment Rights. Nothing in this Agreement shall affect in any
manner whatsoever the right or power of the Company, or a parent or subsidiary of the Company, to terminate Purchaser’s employment or consulting relationship, for any reason, with or without cause. 
  

 -5- 

 7. Lock-Up Agreement. In connection with the initial public offering of the Company’s
securities and upon request of the Company or the underwriters managing any underwritten offering of the Company’s securities, Purchaser agrees not to sell, make any short sale of, loan, grant any option for the purchase of, or otherwise
dispose of any securities of the Company however or whenever acquired (other than those included in the registration) without the prior written consent of the Company or such underwriters, as the case may be, for such period of time (not to exceed
180 days) from the effective date of such registration as may be requested by the Company or such managing underwriters and to execute an agreement reflecting the foregoing as may be requested by the underwriters at the time of the public offering.

 8. Miscellaneous. 
 (a) Governing Law. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of
Washington, without giving effect to principles of conflicts of law. 
 (b) Entire Agreement; Enforcement of Rights. This
Agreement sets forth the entire agreement and understanding of the parties relating to the subject matter herein and merges all prior discussions between them. No modification of or amendment to this Agreement, nor any waiver of any rights under
this Agreement, shall be effective unless in writing signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party. 
 (c) Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to
renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of
the Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of the Agreement shall be enforceable in accordance with its terms. 
 (d) Construction. This Agreement is the result of negotiations between and has been reviewed by each of the parties hereto and their respective counsel, if any; accordingly, this Agreement shall be
deemed to be the product of all of the parties hereto, and no ambiguity shall be construed in favor of or against any one of the parties hereto. 
 (e) Notices. Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient when delivered personally or sent by telegram or fax or forty-eight (48) hours after being deposited in
the U.S. mail, as certified or registered mail, with postage prepaid, and addressed to the party to be notified at such party’s address as set forth below or as subsequently modified by written notice. 
 (f) Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which
together shall constitute one instrument. 
  

 -6- 

 (g) Successors and Assigns. The rights and benefits of this Agreement shall inure to the
benefit of, and be enforceable by the Company’s successors and assigns. The rights and obligations of Purchaser under this Agreement may only be assigned with the prior written consent of the Company. 
 (h) California Corporate Securities Law. THE SALE OF THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN QUALIFIED WITH THE
COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE ISSUANCE OF THE SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO THE QUALIFICATION IS UNLAWFUL, UNLESS THE SALE OF SECURITIES IS EXEMPT FROM
QUALIFICATION BY SECTION 25100, 25102 OR 25105 OF THE CALIFORNIA CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT ARE EXPRESSLY CONDITIONED UPON THE QUALIFICATION BEING OBTAINED, UNLESS THE SALE IS SO EXEMPT. 
 (signature page follows) 
  

 -7- 

 The parties have executed this Exercise Notice and Restricted Stock Purchase Agreement as of the date
first set forth above. 
  

			
	COMPANY:
	
	VAROLII CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

			
	PURCHASER:
	
	  

	(Signature)
	
	  

	(Print Name)
		
	Address:	 	  

		 	  

 I,
                        , spouse of Optionee, have read and hereby approve the foregoing Agreement. In consideration of
the Company’s granting my spouse the right to purchase the Shares as set forth in the Agreement, I hereby agree to be irrevocably bound by the Agreement and further agree that any community property or other such interest shall hereby by
similarly bound by the Agreement. I hereby appoint my spouse as my attorney-in-fact with respect to any amendment or exercise of any rights under the Agreement. 
  

	
	  

	Spouse of Optionee

  

 -8- 

 RECEIPT 
 The undersigned hereby acknowledges receipt of Certificate No.          for              shares of
Common Stock of Varolii Corporation 
 Dated:
                         
  

	
	  

	 Optionee

 RECEIPT AND CONSENT 
 The undersigned hereby acknowledges receipt of a photocopy Certificate No.          purchaser for
             shares of Common Stock of Varolii Corporation (the “Company”). 
 Dated:                          
  

	
	  

	 Optionee

 RECEIPT 
 Varolii Corporation (the “Company”) hereby acknowledges receipt of (check as applicable): 
  

			
	          
	  	A check in the amount of $                    
		
	          
	  	The cancellation of indebtedness in the amount of
$                    
		
	          
	  	Certificate No.          representing              shares of the
Company’s Common Stock with a fair market value of $                    

 Dated:
                         
  

			
	Varolii Corporation
		
	By:	 	  

	Name:	 	  

		 	(print)
	Title:Lease Agreement, dated April 27, 2005

 Exhibit 10.6 
 OFFICE LEASE 
 BETWEEN 
 CRESCENT REAL ESTATE FUNDING VIII, L.P. 
 (“LANDLORD”)

 AND 
 PAR3
COMMUNICATIONS, INC. 
 (“TENANT”) 

 OFFICE LEASE 
 This Office Lease (this “Lease”) is entered into by and between CRESCENT REAL ESTATE FUNDING VIII, L.P., a Delaware limited partnership
(“Landlord”), and PAR3 COMMUNICATIONS, INC., a Washington corporation (“Tenant”), and shall be effective as of the date set forth below Landlord’s signature (the
“Effective Date”). 
 1. Basic Lease Information. The key business terms used in this Lease are defined
as follows: 
 A. “Building”: The building commonly known as The Exchange Building and located at
821 Second Avenue, Seattle, Washington 98104. 
 B. “Rentable Square Footage of the Building” is
agreed and stipulated to be 295,515 square feet. 
 C.
“Premises”: The area shown on Exhibit A-1 to this Lease. The Premises are located on the 9th and
10th floors of the Building and known as suite number 1000. The “Rentable Square Footage of the Premises” is deemed
to be 30,712 square feet. If the Premises include, now or hereafter, one or more floors in their entirety, all corridors and restroom facilities located on such full floor(s) shall be considered part of the Premises. Landlord and Tenant stipulate
and agree that the Rentable Square Footage of the Building and the Rentable Square Footage of the Premises are correct and shall not be remeasured. Tenant shall have the right to designate up to (i) 13,350 square feet of Rentable Area within
the Premises as the “First Space Pocket” during the period commencing upon the Commencement Date and expiring on the earlier of (a) the first date Tenant actually uses any portion of the First Space Pocket
for business operations, or (b) six (6) months after the Commencement Date (the “First Pocket Period”); (ii) 8,900 square feet of Rentable Area within the Premises as the “Second
Space Pocket” during the period commencing upon the Commencement Date and expiring on the earlier of (a) the first date Tenant actually uses any portion of the Second Space Pocket for business operations, or (b) twelve
(12) months after the Commencement Date (the “Second Pocket Period”); and (iii) 4,450 square feet of Rentable Area within the Premises as the “Third Space Pocket”
during the period commencing upon the Commencement Date and expiring on the earlier of (a) the first date Tenant actually uses any portion of the Third Space Pocket for business operations, or (b) eighteen (18) months after the
Commencement Date (the “Third Pocket Period”). Tenant shall not pay Rent, either Base Rent or Tenant’s Pro rata Share of Operating Expenses, in connection with the First Space Pocket, Second Space Pocket
and Third Space Pocket during the First Pocket Period, Second Pocket Period and Third Pocket Period, respectively. In the event the Pocket Periods expire out of numerical order, e.g., the Third Space Pocket is occupied prior to the Second
Space Pocket, the rent table will be adjusted using the Annual Rate per Square Foot and the number of square feet of Rentable Area within the applicable Space Pockets to calculate the Base Rent. 
 D. “Base Rent”: 
  

									
	 Period
	  	Annual Rate
Per Square Foot	  	Monthly Base Rent
	 From
	  	 Through
	  	  
	CD	  	Month 5	  	$	0.00	  	$	0.00
	Month 6	  	FPPED	  	$	22.00	  	$	31,830.33
	DAEFPP	  	SPPED	  	$	22.00	  	$	39,988.67
	DAESPP	  	TPPED	  	$	22.00	  	$	48,147.00
	DAETPP	  	Month 24	  	$	22.00	  	$	56,305.33
	Month 25	  	Month 36	  	$	23.00	  	$	58,864.67
	Month 37	  	Month 48	  	$	24.00	  	$	61,424.00
	Month 49	  	Month 60	  	$	25.00	  	$	63,983.33
	Month 61	  	Month 72	  	$	26.00	  	$	66,542.67
	Month 73	  	ED	  	$	26.50	  	$	67,822.33

 CD = Commencement Date 
 FPPED = First Pocket Period Expiration Date 
 DAEFPP = day immediately after expiration of the First Pocket
Period 
 SPPED = Second Pocket Period Expiration Date 
 DAESPP = day immediately after Second Pocket Period 
 TPPED = Third Pocket Period Expiration Date 

DAETPP = day immediately after Third Pocket Period 
 ED = Expiration Date 
  

 -1- 

 E. “Tenant’s Pro Rata Share”: The percentage equal to
the Rentable Square Footage of the Premises divided by the Rentable Square Footage of the Building. 
 F. “Base
Year” for Operating Expenses: 2005 calendar year. 
 G. “Term”: The period
of approximately eighty-four (84) months starting on the Commencement Date, subject to the provisions of Article 3. 
 H.
“Estimated Commencement Date”: July 1, 2005, subject to adjustment, if any, as provided in Section 3.A and the Work Letter, if any. 
 I. “Security Deposit”: See Article 6. 
 J. “Guarantor(s)”: None. 
 K. “Business Day(s)”: Monday through Friday of each week, exclusive of New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, the day after
Thanksgiving and Christmas Day (“Holidays”). Landlord may designate additional Holidays, provided that the additional Holidays are commonly recognized by other office buildings in the area where the Building is
located. 
 L. “Law(s)”: All applicable statutes, codes, ordinances, orders, rules and
regulations of any municipal or governmental entity, now or hereafter adopted, including the Americans with Disabilities Act and any other law pertaining to disabilities and architectural barriers (collectively,
“ADA”), and all laws pertaining to the environment, including the Comprehensive Environmental Response, Compensation and Liability Act, as amended, 42 U.S.C. §9601 et seq.
(“CERCLA”), and all restrictive covenants existing of record and all rules and requirements of any existing association or improvement district affecting the Property. 
 M. “Normal Business Hours”: 7:00 A.M. to 6:00 P.M. on Business Days and 9:00 A.M. to 1:00 P.M. on Saturdays,
exclusive of Holidays. 
 N. “Notice Addresses”: 
 Tenant: On or after the Commencement Date, notices shall be sent to Tenant at the Premises. Prior to the Commencement Date, notices shall be sent to Tenant at the
following address: 
 100 South King Street 
 Suite 100

 Seattle, Washington 98104 
 Attn: Michael Quan 
 Phone #: (206) 902-3900 
 Fax #: (206) 902-3902 
  

					
	 Landlord:
	  	With a copy to:	  	And to:
			
	 821 Second Avenue
 Suite 1600
 Seattle, Washington 98104
 Attn: Property Manager
 Phone #: (206) 223-9452
 Fax #: (206) 223-1003
	  	 The Crescent®
 200 Crescent Court, Suite
250
 Dallas, Texas 75201
 Attn: Senior Vice President,

Asset Management & Leasing
 Phone #: (214) 880-4545
 Fax #: (214) 880-4547
	  	 777 Main Street
 Suite 2100
 Fort Worth, Texas 76102
 Attn: Legal Department
 Phone #: (817) 321-2100
 Fax #: (817) 321-2000

 Rent (defined in Section 4.A) is payable to the order of Crescent Real Estate Funding
VIII, L.P. at the following address: The Exchange Building, File 30543, P.O. Box 60000, San Francisco, California 94160 or by wire transfer to Bank of America, N.A., ABA # 111000025, for further credit to The Exchange Building, Account #
478-901-8144 with reference to Par3 Communications, Inc. 
 O. “Other Defined Terms”: In
addition to the terms defined above, an index of the other defined terms used in the text of this Lease is set forth below, with a cross-reference to the paragraph in this Lease in which the definition of such term can be found: 
  

 -2- 

					
	Affiliate	  	11.E	  	
	Alterations	  	9.C(1)	  	
	Audit Election Period	  	4.G	  	
	Cable	  	9.A	  	
	Claims	  	13	  	
	Collateral	  	19.E	  	
	Commencement Date	  	3.A	  	
	Common Areas	  	2	  	
	Completion Estimate	  	16.B	  	
	Contamination	  	30.C	  	
	Costs of Reletting	  	19.B	  	
	Excess Operating Expenses	  	4.B	  	
	Expiration Date	  	3.A	  	
	Force Majeure	  	31.C	  	
	Hazardous Materials	  	30.C	  	
	Landlord Parties	  	13	  	
	Landlord Work	  	3.A	  	
	Landlord’s Rental Damages	  	19.B	  	
	Leasehold Improvements	  	29	  	
	Minor Alterations	  	9.C(1)	  	
	Monetary Default	  	18.A	  	
	Mortgage	  	25	  	
	Mortgagee	  	25	  	
	Operating Expenses	  	4.D	  	
	Permitted Transfer	  	11.E	  	
	Permitted Use	  	5.A	  	
	Prime Rate	  	19.B	  	
	Property	  	2	  	
	Provider	  	7.C	  	
	Relocated Premises	  	23	  	
	Relocation Date	  	23	  	
	Rent	  	4.A	  	
	Service Failure	  	7.B	  	
	Special Installations	  	29	  	
	Substantial Completion	  	Work Letter	  	
	Taking	  	17	  	
	Tenant Parties	  	13	  	
	Tenant’s Insurance	  	14.A	  	
	Tenant’s Property	  	14.A	  	
	Tenant’s Removable Property	  	29	  	
	Time Sensitive Default	  	18.B	  	
	Transfer	  	11.A	  	
	Work Letter	  	3.A	  	

  

 -3- 

 2. Lease Grant. Landlord leases the Premises to Tenant and Tenant leases the Premises from Landlord,
together with the right in common with others to use any portions of the Property (defined below) that are designated by Landlord for the common use of tenants and others, such as sidewalks, common corridors, vending areas, lobby areas and, with
respect to multi-tenant floors, restrooms and elevator foyers (the “Common Areas”). “Property” means the Building and the parcel(s) of land on which it is located as more
fully described on Exhibit A-2, together with all other buildings and improvements located thereon; and the Building garage(s) and other improvements serving the Building, if any, and the parcel(s) of land on which they are located.

 3. Term; Adjustment of Commencement Date; Early Access. 
 A. Term. This Lease shall govern the relationship between Landlord and Tenant with respect to the Premises from the Effective Date through the last day of the Term specified in
Section 1.G (the “Expiration Date”), unless terminated early in accordance with this Lease. The Term of this Lease (as specified in Section 1.G) shall commence on the
“Commencement Date”, which shall be the earliest of (1) the date on which the Landlord Work (defined below) is Substantially Complete, as determined pursuant to the Work Letter (defined below), or
(2) the date on which the Landlord Work would have been Substantially Complete but for Tenant Delay, as such term is defined in the Work Letter, or (3) the date Tenant takes possession of any part of the Premises for purposes of conducting
business. If Landlord is delayed in delivering possession of the Premises or any other space due to any reason, including Landlord’s failure to Substantially Complete the Landlord Work by the Estimated Commencement Date, the holdover or
unlawful possession of such space by any third party, or for any other reason, such delay shall not be a default by Landlord, render this Lease void or voidable, or otherwise render Landlord liable for damages. Notwithstanding the foregoing, if
Landlord has not delivered the Premises within one hundred eighty (180) days after the Estimated Commencement Date, subject to Tenant Delay and Force Majeure (as defined in Section 31.C), then Tenant shall have the right, as its
sole remedy, to terminate this Lease upon written notice to Landlord given at any time after such 180-day period and prior to delivery of the Premises. Promptly after the determination of the Commencement Date (and if necessary, the expiration of
the First Pocket Period, Second Pocket Period and/or Third Pocket Period), the Expiration Date, the Rent schedule and any other variable matters, Landlord shall prepare and deliver to Tenant a commencement letter agreement substantially in the form
attached as Exhibit C. If such commencement letter is not executed by Tenant within 30 days after delivery of same by Landlord, then Tenant shall be deemed to have agreed with the matters set forth therein. Notwithstanding any other
provision of this Lease to the contrary, if the Expiration Date would otherwise occur on a date other than the last day of a calendar month, then the Term shall be automatically extended to include the last day of such calendar month, which shall
become the Expiration Date. “Landlord Work” means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate work letter agreement (the “Work
Letter”), if any, attached as Exhibit D. If a Work Letter is not attached to this Lease or if an attached Work Letter does not require Landlord to perform any work, the occurrence of the Commencement Date shall not
be conditioned upon the performance of work by Landlord. 
 B. Acceptance of Premises. The Premises are accepted by
Tenant in “as is” condition and configuration subject to (1) any Landlord obligation to perform Landlord Work as provided in the Work Letter, and (2) any latent defects in the Premises of which Tenant notifies Landlord within one
year after the Commencement Date [other than work performed by Tenant Parties (defined below)]. SUBJECT TO LANDLORD’S OBLIGATIONS SET
FORTH IN THE IMMEDIATELY PRECEDING SENTENCE, TENANT HEREBY AGREES THAT THE
PREMISES ARE IN GOOD ORDER AND SATISFACTORY CONDITION AND THAT, EXCEPT
AS OTHERWISE EXPRESSLY SET FORTH IN THIS LEASE, THERE ARE NO
REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, BY LANDLORD
REGARDING THE PREMISES, THE BUILDING OR THE PROPERTY. 
 C. Early Access. Prior to the date the Landlord Work is Substantially Complete, Tenant’s access to the Premises shall be
permitted only with the prior written consent of Landlord. Early access to the Premises shall be subject to the terms and conditions of this Lease and Tenant shall pay Rent (defined in Section 4.A) to Landlord for each day of such early
access. However, if such early access to the Premises is permitted by Landlord for the sole purpose of performing improvements or installing furniture, equipment or other personal property, Tenant shall not be required to pay Base Rent and
Tenant’s Pro Rata Share of Excess Operating Expenses for any days of such early access; provided however, Tenant shall pay for the cost of any other Building services 

 
requested by Tenant (e.g., freight elevator usage). In connection with the foregoing, Landlord agrees that Tenant may enter the Premises no more than
15 days prior to the anticipated Commencement Date for the sole purpose of installing furniture, fixtures and equipment (the “Early Entry”) provided that such Early Entry is conducted in a manner as to not unreasonably
interfere with any Landlord Work occurring in or around the Premises, and further provided that such Early Entry shall be subject to all of the terms and conditions contained in this Lease (other than the payment of Base Rent and Tenant’s Pro
Rata Share of Excess Operating Expenses), including, without limitation, Tenant’s insurance and indemnity obligations as contained in this Lease. Prior to any such Early Entry, Tenant shall provide Landlord with certificates of insurance or
other evidence acceptable to Landlord evidencing Tenant’s compliance with its insurance obligations. In the event that Tenant’s Early Entry interferes with the Landlord Work or otherwise disrupts Landlord’s operations or the
operations of other tenants in the Building, Landlord may terminate Tenant’s right to Early Entry, and any delay in the Landlord Work attributable to such Early Entry will be deemed a Tenant Delay as provided in this Lease. 
 4. Rent. 
 A. Payments. As
consideration for this Lease, commencing on the Commencement Date, Tenant shall pay Landlord, without any demand, setoff or deduction, the total amount of Base Rent, Tenant’s Pro Rata Share of Excess Operating Expenses (defined in
Section 4.B) and any and all other sums payable by Tenant under this Lease (all of which are sometimes collectively referred to as “Rent”). Tenant shall pay and be liable for all rental, sales and
use taxes (but excluding income taxes), if any, imposed upon or measured by Rent under applicable Law. The monthly Base Rent and Tenant’s Pro Rata Share of Excess Operating Expenses shall be due and payable in advance on the first day of each
calendar month without notice or demand, provided that the installment of Base Rent for the first full calendar month of the Term for which Base Rent is payable (i.e., Month 6) shall be payable upon the execution of this Lease by Tenant. All
other items of Rent shall be due and payable by Tenant on or before 30 days after billing by Landlord. All payments of Rent shall be by good and sufficient check or by other means (such as automatic debit or electronic transfer) acceptable to
Landlord. If the Term commences on a day other than the first day of a calendar month, the monthly Base Rent and Tenant’s Pro Rata Share of any Excess Operating Expenses for the month shall be prorated on a daily basis based on a 360 day
calendar year. Landlord’s acceptance of less than the correct amount of Rent shall be considered a payment on account of the earliest Rent due. No endorsement or statement on a check or letter accompanying a check or payment shall be considered
an accord and satisfaction, and either party may accept such check or payment without such acceptance being considered a waiver of any rights such party may have under this Lease or applicable Law. Tenant’s covenant to pay Rent is independent
of every other covenant in this Lease. 
 B. Excess Operating Expenses. Tenant shall pay Tenant’s Pro Rata Share of
the amount, if any, by which Operating Expenses (defined in Section 4.D) for each calendar year during the Term exceed Operating Expenses for the Base Year (the “Excess Operating Expenses”). If
Operating Expenses in any calendar year decrease below the amount of Operating Expenses for the Base Year, Tenant’s Pro Rata Share of Operating Expenses for that calendar year shall be $0. In no event shall Base Rent be reduced if Operating
Expenses for any calendar year are less than Operating Expenses for the Base Year. On or about January 1 of each calendar year, Landlord shall provide Tenant with a good faith estimate of the Excess Operating Expenses for such calendar year
during the Term. On or before the first day of each month, Tenant shall pay to Landlord a monthly installment equal to one-twelfth of Tenant’s Pro Rata Share of Landlord’s estimate of the Excess Operating Expenses. If Landlord determines
that its good faith estimate of the Excess Operating Expenses was incorrect, Landlord may provide Tenant with a revised estimate. After its receipt of the revised estimate, Tenant’s monthly payments shall be based upon the revised estimate. If
Landlord does not provide Tenant with an estimate of the Excess Operating Expenses by January 1 of a calendar year, Tenant shall continue to pay monthly installments based on the most recent estimate(s) until Landlord provides Tenant with the
new estimate. Upon delivery of the new estimate, an adjustment shall be made for any month for which Tenant paid monthly installments based on the same year’s prior incorrect estimate(s). Tenant shall pay Landlord the amount of any underpayment
within 30 days after receipt of the new estimate. Any overpayment shall be credited against the next sums due and owing by Tenant or, if no further Rent is due, refunded directly to Tenant within 30 days of determination. The obligation of Tenant to
pay for Excess Operating Expenses as provided herein shall survive the expiration or earlier termination of this Lease. 

 C. Reconciliation of Operating Expenses. Within 120 days after the end of each
calendar year or as soon thereafter as is practicable, Landlord shall furnish Tenant with a statement of the actual Operating Expenses and Excess Operating Expenses for such calendar year. If the most recent estimated Excess Operating Expenses paid
by Tenant for such calendar year are more than the actual Excess Operating Expenses for such calendar year, Landlord shall apply any overpayment by Tenant against Rent due or next becoming due; provided, if the Term expires before the determination
of the overpayment, Landlord shall, within 30 days of determination, refund any overpayment to Tenant after first deducting the amount of Rent due. If the most recent estimated Excess Operating Expenses paid by Tenant for the prior calendar year are
less than the actual Excess Operating Expenses for such year, Tenant shall pay Landlord, within 30 days after its receipt of the statement of Operating Expenses, any underpayment for the prior calendar year. 
 D. Operating Expenses Defined. “Operating Expenses” means all costs and expenses incurred or
accrued in each calendar year in connection with the ownership, operation, maintenance, management, repair and protection of the Property which are directly attributable or reasonably allocable to the Building, including Landlord’s personal
property used in connection with the Property and including all costs and expenditures relating to the following: 
 (1) Operation,
maintenance, repair and replacements of any part of the Property, including the mechanical, electrical, plumbing, HVAC, vertical transportation, fire prevention and warning and access control systems; materials and supplies (such as building
standard light bulbs and ballasts); equipment and tools; floor, wall and window coverings; personal property; required or beneficial easements; and related service agreements and rental expenses. 
 (2) Administrative costs and management fees, including accounting, information and professional services (except for negotiations and disputes with
specific tenants not affecting other parties); management office(s); and wages, salaries, benefits, reimbursable expenses and taxes (or allocations thereof) for full and part time personnel involved in operation, maintenance and management.

 (3) Janitorial service; window cleaning; waste disposal; gas, water and sewer and other utility charges (including add-ons); and
landscaping, including all applicable tools and supplies. 
 (4) Property, liability and other insurance coverages carried by Landlord,
including deductibles and risk retention programs and a proportionate allocation of the cost of blanket insurance policies maintained by Landlord and/or its Affiliates (defined below). 
 (5) Real estate taxes, assessments, business taxes, excises, association dues, fees, levies, charges and other taxes of every kind and nature whatsoever,
general and special, extraordinary and ordinary, foreseen and unforeseen, including interest on installment payments, which may be levied or assessed against or arise in connection with ownership, use, occupancy, rental, operation or possession of
the Property (including personal property taxes for property that is owned by Landlord and used in connection with the operation, maintenance and repair of the Property), or substituted, in whole or in part, for a tax previously in existence by any
taxing authority, or assessed in lieu of a tax increase, or paid as rent under any ground lease. Real estate taxes do not include Landlord’s income, franchise or estate taxes (except to the extent such excluded taxes are assessed in lieu of
taxes included above). 
 (6) Compliance with Laws, including license, permit and inspection fees (but not in duplication of capital
expenditures amortized as provided in Section 4.D(9) and only to the extent that such compliance relates to Laws which are amended, become effective, or are interpreted or enforced differently, after the date of this Lease); and all
expenses and fees, including attorneys’ fees and court or other venue of dispute resolution costs, incurred in negotiating or contesting real estate taxes or the validity and/or applicability of any governmental enactments which may affect
Operating Expenses; provided Landlord shall credit against Operating Expenses any refunds received from such negotiations or contests to the extent originally included in Operating Expenses (less Landlord’s costs). 
 (7) Building safety services, to the extent provided or contracted for by Landlord. 
 (8) Goods and services purchased from Landlord’s subsidiaries and Affiliates to the extent the cost of same is generally consistent with rates
charged by unaffiliated third parties for similar goods and services. 

 (9) Amortization of capital expenditures incurred: (a) to conform with Laws, which are amended,
become effective, or are interpreted or enforced differently, after the date of this Lease; provided, however, all capital expenditures made in order to conform to or comply with ADA shall be included in Operating Expenses; (b) to maintain
building standards (other than building standard tenant improvements); or (c) with the intention of promoting safety or reducing or controlling increases in Operating Expenses, such as lighting retrofit and installation of energy management
systems. Such expenditures shall be amortized uniformly over the following periods of time (together with interest on the unamortized balance at the Prime Rate (defined in Section 19.B) as of the date incurred plus 2%): for building
improvements, the shorter of 10 years or the estimated useful life of the improvement; and for all other items, 3 years for expenditures under $50,000 and 5 years for expenditures in excess of $50,000. Notwithstanding the foregoing, Landlord may
elect to amortize capital expenditures under this subsection over a longer period of time based upon (i) the purpose and nature of the expenditure, (ii) the relative capital burden on the Property, (iii) for cost savings projects, the
anticipated payback period, and (iv) otherwise in accordance with sound real estate accounting principles consistently applied. 
 (10)
Electrical services used in the operation, maintenance and use of the Property; sales, use, excise and other taxes assessed by governmental authorities on electrical services supplied to the Property, and other costs of providing electrical services
to the Property. 
 E. Exclusions from Operating Expenses. Operating Expenses exclude the following expenditures:

 (1) Leasing commissions, attorneys’ fees and other expenses related to leasing tenant space and constructing improvements for the sole
benefit of an individual tenant. 
 (2) Goods and services furnished to an individual tenant of the Building which are above building
standard and which are separately reimbursable directly to Landlord in addition to Excess Operating Expenses. 
 (3) Repairs, replacements
and general maintenance paid by insurance proceeds, condemnation proceeds, or by another tenant or responsible third party, including repairs or replacements covered by warranty. 
 (4) Except as provided in Section 4.D(9), depreciation, amortization, interest payments on any encumbrances on the Property and the cost of
capital improvements or additions. 
 (5) Costs of installing any specialty service, such as an observatory, broadcasting facility, luncheon
club, or athletic or recreational club. 
 (6) Expenses for repairs or maintenance related to the Property which have been reimbursed to
Landlord pursuant to warranties or service contracts. 
 (7) Costs (other than maintenance costs) of any art work (such as sculptures or
paintings) used to decorate the Building. 
 (8) Principal payments on indebtedness secured by liens against the Property, or costs of
refinancing such indebtedness. 
 (9) Costs for which Landlord has been compensated by a management fee. 
 (10) The cost of any work or service performed for any tenant (including Tenant) at such tenant’s cost. 
 (11) Legal, auditing, consulting and professional fees paid or incurred in connection with negotiations for financings, refinancings or sales of the
Property. 
 (12) Expenses incurred in leasing or procuring new tenants, including advertising and marketing expenses and expenses for
preparation of leases or renovating space for new tenants, rent allowances, lease takeover costs, payment of moving costs and similar costs and expenses. 
 (13) Costs incurred in removing the personal property of former tenants or other occupants of the Property. 

 (14) The cost (including legal fees) of any disputes (other than tax disputes and those which generally
benefit the tenants of the Property), between Landlord or any employee or agent of Landlord, and any Mortgagee(s). 
 (15) Overtime and other
costs of curing defaults by Landlord or performing work which is required to be performed by Landlord at Landlord’s sole cost and expense. 
 (16) Salaries of officers and executives of Landlord, except as included in Section 4.D(2). 
 (17) Landlord’s
general overhead and general administrative expenses except as provided in Section 4.D(2). 
 (18) Costs, penalties and fines
incurred due to the violation by Landlord or any other tenant of the Building of Laws, or the terms and conditions of any lease pertaining to the Building. 
 (19) Costs of correcting latent defects in the Premises which are disclosed to Landlord within one year after the Commencement Date; provided, however, that the foregoing exclusion shall not apply to any latent defect
in any work performed by Tenant Parties. 
 (20) Subject to Landlord’s obligations to handle Hazardous Materials discovered in the
Premises, which obligations are contained in Section 30.D, all costs, in excess of $300,000 in any calendar year, not to exceed $1,000,000 in any consecutive 5 calendar year period, arising from the release, removal or remediation
(including encapsulation) of Hazardous Materials in or about the Building or the Property, including, without limitation, Hazardous Materials in the ground water or soil, which Hazardous Materials are discovered, or must be handled, in connection
with the day-to-day operation of the Property (e.g., cleaning up diesel fuel from emergency generator used to power elevator equipment, handling Hazardous Materials discovered during repair or maintenance of Common Areas, etc.), unless caused
by the acts or omissions of any Tenant Party. 
 (21) Costs arising from Landlord’s charitable or political contributions. 

F. Proration of Operating Expenses; Adjustments. If Landlord incurs Operating Expenses for the Property together with one or more
other buildings or properties, whether pursuant to a reciprocal easement agreement, common area agreement or otherwise, the shared costs and expenses shall be equitably prorated and apportioned by Landlord between the Property and the other
buildings or properties. If the Building is not 100% occupied during any calendar year or partial calendar year or if Landlord is not supplying services to 100% of the total Rentable Square Footage of the Building at any time during a calendar year
or partial calendar year, Operating Expenses shall be determined as if the Building had been 100% occupied and Landlord had been supplying services to 100% of the Rentable Square Footage of the Building during that calendar year. If Tenant pays for
Tenant’s Pro Rata Share of Operating Expenses based on increases over a “Base Year” and Operating Expenses for a calendar year are determined as provided in the prior sentence, Operating Expenses for the
Base Year shall also be determined as if the Building had been 100% occupied and Landlord had been supplying services to 100% of the Rentable Square Footage of the Building. The extrapolation of Operating Expenses under this Section shall be
performed by Landlord by adjusting the cost of those components of Operating Expenses that are impacted by changes in the occupancy of the Building. 
 G. Audit Rights. Within 90 days after Landlord furnishes its statement of actual Operating Expenses for any calendar year (including the Base Year) (the “Audit Election
Period”), Tenant may, at its expense, elect to audit Landlord’s Operating Expenses for such calendar year only, subject to the following conditions: (1) there is no uncured event of default under this Lease;
(2) the audit shall be prepared by an independent certified public accounting firm of recognized regional standing; (3) in no event shall any audit be performed by a firm retained on a “contingency fee” basis; (4) the audit
shall commence within 30 days after Landlord makes Landlord’s books and records available to Tenant’s auditor and shall conclude within 60 days after commencement; (5) the audit shall be conducted during Landlord’s normal
business hours at the location where Landlord maintains its books and records and shall not unreasonably interfere with the conduct of Landlord’s business; (6) Tenant and its accounting firm shall treat any audit in a confidential manner
and shall each execute Landlord’s confidentiality agreement for Landlord’s benefit prior to commencing the audit; and (7) the accounting firm’s audit report shall, at no charge to Landlord, be submitted in draft form for
Landlord’s review and comment before the final approved audit report is delivered to 

 
Landlord, and any reasonable comments by Landlord shall be incorporated into the final audit report. This paragraph shall not be construed to limit, suspend,
or abate Tenant’s obligation to pay Rent when due, including estimated Excess Operating Expenses. Landlord shall credit any overpayment determined by the final approved audit report against the next Rent due and owing by Tenant or, if no
further Rent is due, refund such overpayment directly to Tenant within 30 days of determination. Likewise, Tenant shall pay Landlord any underpayment determined by the final approved audit report within 30 days of determination. The foregoing
obligations shall survive the expiration or termination of this Lease. If Tenant does not give written notice of its election to audit Landlord’s Operating Expenses during the Audit Election Period, Landlord’s Operating Expenses for the
applicable calendar year shall be deemed approved for all purposes, and Tenant shall have no further right to review or contest the same. The right to audit granted hereunder is personal to the initial Tenant named in this Lease and to any assignee
under a Permitted Transfer (defined below) and shall not be available to any subtenant under a sublease of the Premises. 
 5. Tenant’s Use of
Premises. 
 A. Permitted Uses. The Premises shall be used only for general office use (the
“Permitted Use”) and for no other use whatsoever. Tenant shall not use or permit the use of the Premises for any purpose which is illegal, creates obnoxious odors (including tobacco smoke), noises or vibrations,
is dangerous to persons or property, could increase Landlord’s insurance costs, or which, in Landlord’s reasonable opinion, unreasonably disturbs any other tenants of the Building or interferes with the operation or maintenance of the
Property or any work by Landlord or its contractors in the Premises. Except as provided below, the following uses are expressly prohibited in the Premises: schools, government offices or agencies; personnel agencies; collection agencies; credit
unions; data processing, telemarketing or reservation centers; medical treatment and health care; radio, television or other telecommunications broadcasting; restaurants and other retail; customer service offices of a public utility company; or any
other purpose which would, in Landlord’s reasonable opinion, impair the reputation or quality of the Building, overburden any of the Building systems, Common Areas or parking facilities (including any use which would create a population density
in the Premises which is in excess of the density which is standard for the Building), impair Landlord’s efforts to lease space or otherwise interfere with the operation of the Property. Notwithstanding the foregoing, the following ancillary
uses are permitted in the Premises only so long as they do not, in the aggregate, occupy more than 10% of the Rentable Square Footage of the Premises or any single floor (whichever is less): (1) the following services provided by Tenant
exclusively to its employees: schools, training and other educational services; credit unions; and similar employee services; and (2) the following services directly and exclusively supporting Tenant’s business: telemarketing;
reservations; storage; data processing; debt collection; and similar support services. 
 B. Compliance with Laws.
Tenant shall comply with all Laws regarding the operation of Tenant’s business and the use, condition, configuration and occupancy of the Premises and the use of the Common Areas. Tenant, within 10 days after receipt, shall provide Landlord
with copies of any notices Tenant receives regarding a violation or alleged or potential violation of any Laws. Tenant shall comply with the rules and regulations of the Building attached as Exhibit B and such other reasonable rules
and regulations (or modifications thereto) adopted by Landlord from time to time provided such modifications do not materially diminish the rights of Tenant under this Lease and provided further that in the event there is a conflict between the
rules and regulations and this Lease, the terms of this Lease shall govern. Landlord shall enforce the rules and regulations for the Property in a reasonably nondiscriminatory manner, taking prevailing circumstances into account. Tenant shall also
cause its agents, contractors, subcontractors, employees, customers, and subtenants to comply with all rules and regulations. 
 C. Tenant’s Security Responsibilities. Tenant shall (1) lock the doors to the Premises and take other reasonable steps to secure the Premises and the personal property of all Tenant
Parties (defined in Section 13) and any of Tenant’s transferees, contractors or licensees in the Common Areas and parking facilities of the Building and Property, from unlawful intrusion, theft, fire and other hazards; (2) keep
and maintain in good working order all security and safety devices installed in the Premises by or for the benefit of Tenant (such as locks, smoke detectors and burglar alarms); and (3) cooperate with Landlord and other tenants in the Building
on Building safety matters. Tenant acknowledges that any security or safety measures employed by Landlord are for the protection of Landlord’s own interests; and that Landlord is not a guarantor of the security or safety of the Tenant Parties
or their property. 

 6. Security Deposit. The parties have agreed that no Security Deposit will be required of Tenant at the
outset of this Lease. However, upon the expiration of the Basic Letter of Credit Term, as defined in Section 31.L below, a Security Deposit in an amount equal to the last month’s payment of Rent shall be delivered by Tenant to
Landlord. Such Security Deposit shall be held by Landlord (without liability for interest, except to the extent required by Law) as security for the performance of Tenant’s obligations under this Lease. Failure to provide such Security Deposit
when required shall constitute a Time Sensitive Default. The Security Deposit is not an advance payment of Rent or a measure of Tenant’s liability for damages. Landlord may, from time to time while an event of default remains uncured, without
prejudice to any other remedy, use all or a portion of the Security Deposit to satisfy past due Rent, cure any uncured default by Tenant, or repay Landlord for damages and charges for which Tenant is legally liable under this Lease or resulting from
Tenant’s breach of this Lease. If Landlord uses the Security Deposit, Tenant shall on demand restore the Security Deposit to its original amount and such use by Landlord of the Security Deposit shall not constitute a cure of the existing event
of default until such time as the entire amount owing to Landlord is paid in full and the Security Deposit is fully restored. Provided that Tenant has performed all of its obligations hereunder, Landlord shall return any unapplied portion of the
Security Deposit to Tenant within 30 days after the later to occur of: (A) the date Tenant surrenders possession of the Premises to Landlord in accordance with this Lease; or (B) the Expiration Date. Tenant does hereby authorize Landlord
to withhold from the Security Deposit all amounts allowed by Law and the amount reasonably anticipated by Landlord to be owed by Tenant as a result of an underpayment of Tenant’s Pro Rata Share of any Excess Operating Expenses for the final
year of the Term. To the fullest extent permitted by applicable Law, Tenant agrees that the provisions of this Article 6 shall supersede and replace all statutory rights of Tenant under applicable Law regarding the retention, application or
return of security deposits. If Landlord transfers its interest in the Premises, Landlord shall assign the Security Deposit to the transferee and, following the assignment and the delivery to Tenant of an acknowledgement of the transferee’s
responsibility for the Security Deposit if required by Law, Landlord shall have no further liability for the return of the Security Deposit. Landlord shall not be required to keep the Security Deposit separate from its other accounts. 
 7. Services Furnished by Landlord. 
 A.
Standard Services. Subject to the provisions of this Lease, Landlord agrees to furnish (or cause a third party provider to furnish) the following services to Tenant during the Term: 
 (1) Water service for use in the lavatories on each floor on which the Premises are located. 
 (2) Heat and air conditioning in season during Normal Business Hours, at such temperatures and in such amounts as required by governmental authority or
as Landlord determines are standard for the Building. Tenant, upon such notice as is reasonably required by Landlord, and subject to the capacity of the Building systems, may request HVAC service during hours other than Normal Business Hours. Tenant
shall pay Landlord for such additional service at a rate equal to $25.00 per operating hour per floor (the “Hourly HVAC Charge”). Landlord shall have the right, upon 30 days prior written notice to Tenant, to
adjust the Hourly HVAC Charge from time to time, but not more than once per calendar year, based proportionately upon increases in HVAC costs, which costs include utilities, taxes, surcharges, labor, equipment, maintenance and repair. 
 (3) Maintenance and repair of the Property as described in Section 9.B. 
 (4) Janitorial service five days per week (excluding Holidays), as determined by Landlord. If Tenant’s use of the Premises, floor covering or other
improvements require special services in excess of the standard services for the Building, Tenant shall pay the additional cost attributable to the special services. 
 (5) Elevator service, subject to proper authorization and Landlord’s policies and procedures for use of the elevator(s) in the Building. 
 (6) Exterior window washing at such intervals as determined by Landlord. 
 (7) Electricity to the Premises for general office use, in accordance with and subject to the terms and conditions in Article 8. 
 B. Service Interruptions. For purposes of this Lease, a “Service Failure” shall mean any interruption, suspension or termination of services being provided to Tenant by
Landlord or by 

 
third-party providers, whether engaged by Tenant or pursuant to arrangements by such providers with Landlord, which are due to (1) the application of
Laws; (2) the failure, interruption or malfunctioning of any electrical or mechanical equipment, utility or other service to the Building or Property; (3) the performance of repairs, maintenance, improvements or alterations; or
(4) the occurrence of any other event or cause whether or not within the reasonable control of Landlord. No Service Failure shall render Landlord liable to Tenant, constitute a constructive eviction of Tenant, give rise to an abatement of Rent,
except as specifically provided herein, or relieve Tenant from the obligation to fulfill any covenant or agreement. Commencing on the 3rd consecutive
Business Day of any Service Failure within Landlord’s control, i.e., caused by Landlord’s negligence or willful misconduct, (unless the Service Failure is caused by a fire or other casualty, in which event Section 16
controls), Tenant shall, as its sole remedy, be entitled to an equitable diminution of Base Rent based upon the pro rata portion of the Premises which is rendered unfit for occupancy for the Permitted Use, except to the extent such Service Failure
is caused by a Tenant Party. In no event shall Landlord be liable to Tenant for any loss or damage, including the theft of Tenant’s Property (defined in Article 14), arising out of or in connection with any Service Failure or the failure
of any Building safety services, personnel or equipment. 
 C. Third Party Services. If Tenant desires any
service which Landlord has not specifically agreed to provide in this Lease, such as private security systems or telecommunications services serving the Premises, Tenant shall procure such service directly from a reputable third party service
provider (“Provider”) for Tenant’s own account. Tenant shall require each Provider to comply with the Building’s rules and regulations, all Laws, and Landlord’s reasonable policies and practices
for the Building. Tenant acknowledges Landlord’s current policy that requires all Providers utilizing any area of the Property outside the Premises to be approved by Landlord and to enter into a written agreement acceptable to Landlord prior to
gaining access to, or making any installations in or through, such area. Accordingly, Tenant shall give Landlord written notice sufficient for such purposes. 
 8. Use of Electrical Services by Tenant. 
 A. Landlord’s Electrical Service. Subject to the
terms of this Lease, Landlord shall furnish building standard electrical service to the Premises sufficient to operate customary lighting, office machines and other equipment of similar low electrical consumption. Landlord may, at any time and from
time to time, calculate Tenant’s actual electrical consumption in the Premises by a survey conducted by a reputable consultant selected by Landlord, all at Tenant’s expense. If such survey does not indicate above building standard usage by
Tenant, Landlord shall pay the cost of such survey. The cost of any electrical consumption in excess of that which Landlord determines is standard for the Building shall be paid by Tenant in accordance with Section 8.D. The furnishing of
electrical services to the Premises shall be subject to the rules, regulations and practices of the supplier of such electricity and of any municipal or other governmental authority regulating the business of providing electrical utility service.
Landlord shall not be liable or responsible to Tenant for any loss, damage or expense which Tenant may sustain or incur if either the quantity or character of the electrical service is changed or is no longer available or no longer suitable for
Tenant’s requirements. 
 B. Selection of Electrical Service Provider. Landlord shall have and retain the sole
right to select the provider of electrical services to the Building and/or the Property. To the fullest extent permitted by Law, Landlord shall have the continuing right to change such utility provider. All charges and expenses incurred by Landlord
due to any such changes in electrical services, including maintenance, repairs, installation and related costs, shall be included in the electrical services costs referenced in Section 4.D(10), unless paid directly by Tenant. 

C. Submetering. Landlord shall have the continuing right, upon 30 days written notice, to install a submeter for the Premises at
Tenant’s expense, but such expense shall only be charged to Tenant if Landlord is installing submeters for all or substantially all tenants or if Tenant’s electrical consumption is above building standard. If submetering is installed for
the Premises, Landlord may charge for Tenant’s actual electrical consumption monthly in arrears for the kilowatt hours used, a rate per kilowatt hour equal to that charged to Landlord by the provider of electrical service to the Building during
the same period of time, except as to electricity directly purchased by Tenant from third party providers after obtaining Landlord’s consent to the same. In the event Landlord is unable to determine the exact kilowatt hourly charge during the
period of time, Landlord shall use the average kilowatt hourly charge to the Building for the first billing cycle ending after the period of time in question. Even if the Premises are submetered, Tenant shall remain obligated to pay 

 
Tenant’s Pro Rata Share of the cost of electrical services as provided in Section 4.B, except that Tenant shall be entitled to a credit
against electrical services costs equal to that portion of the amounts actually paid by Tenant separately and directly to Landlord which are attributable to building standard electrical services submetered to the Premises. [NOTE: credit for
electrical charges paid according to submeter already covered in last sentence of this section.] 
 D. Excess Electrical
Service. Tenant’s use of electrical service shall not exceed, in voltage, rated capacity, use beyond Normal Business Hours or overall load, that which Landlord deems to be standard for the Building. If Tenant requests permission to
consume excess electrical service, Landlord may refuse to consent or may condition consent upon conditions that Landlord reasonably elects (including the installation of utility service upgrades, meters, submeters, air handlers or cooling units).
The costs of any approved additional consumption (to the extent permitted by Law), installation and maintenance shall be paid by Tenant. 
 9. Repairs
and Alterations. 
 A. Tenant’s Repair Obligations. Tenant shall keep the Premises in good condition and
repair, ordinary wear and tear excepted. Tenant’s repair obligations include, without limitation, repairs to: (1) floor covering and/or raised flooring; (2) interior partitions; (3) doors; (4) the interior side of demising
walls; (5) electronic, phone and data cabling and related equipment (collectively, “Cable”) that is installed by or for the benefit of Tenant whether located in the Premises or in other portions of the
Building; (6) supplemental air conditioning units, private showers and kitchens, including hot water heaters, plumbing, dishwashers, ice machines and similar facilities serving Tenant exclusively; (7) phone rooms used exclusively by
Tenant; (8) Alterations (defined below) performed by contractors retained by Tenant, including related HVAC balancing; and (9) all of Tenant’s furnishings, trade fixtures, equipment and inventory. Prior to performing any such repair
obligation, Tenant shall give written notice to Landlord describing the necessary maintenance or repair. Upon receipt of such notice, Landlord may elect either to perform any of the maintenance or repair obligations specified in such notice, or
require that Tenant perform such obligations by using contractors approved by Landlord. All work shall be performed at Tenant’s expense in accordance with the rules and procedures described in Section 9.C below. If Tenant fails to
make any repairs to the Premises for more than 15 days after notice from Landlord (although notice shall not be required if there is an emergency), Landlord may, in addition to any other remedy available to Landlord, make the repairs, and Tenant
shall pay to Landlord the reasonable cost of the repairs within 30 days after receipt of an invoice, together with an administrative charge in an amount equal to 5% of the cost of the repairs. 
 B. Landlord’s Repair Obligations. Landlord shall keep and maintain in good repair and working order and make repairs to and
perform maintenance upon: (1) structural elements of the Building, including, without limitation, the foundation, exterior structural walls, roof and structure of the Building; (2) standard mechanical (including HVAC), electrical, plumbing
and fire/life safety systems serving the Building generally; (3) Common Areas; (4) the roof of the Building; (5) exterior windows of the Building; and (6) elevators serving the Building. Landlord shall promptly make repairs
(taking into account the nature and urgency of the repair) for which Landlord is responsible. If any of the foregoing maintenance or repair is necessitated due to the acts or omissions of any Tenant Party (defined in Section 13), Tenant
shall pay the costs of such repairs or maintenance to Landlord within 30 days after receipt of an invoice, together with an administrative charge in an amount equal to 5% of the cost of the repairs. Landlord agrees to cause the repairs and
replacements to be effected in compliance with all applicable Laws. 
 C. Alterations. 
 (1) When Consent Is Required. Tenant shall not make alterations, additions or improvements to the Premises or install any Cable in the
Premises or other portions of the Building (collectively, “Alterations”) without first obtaining the written consent of Landlord in each instance. However, Landlord’s consent shall not be required for any
Alteration that satisfies all of the following criteria (a “Minor Alteration”): (a) is of a cosmetic nature such as painting, wallpapering, hanging pictures and installing carpeting; (b) is not visible
from outside the Premises or Building; (c) will not affect the systems or structure of the Building; (d) does not require work to be performed inside the walls or above the ceiling of the Premises other than electronic, phone, broadcasting
and data cabling work solely affecting Tenant, and (e) does not require the issuance of a building permit. 
 (2) Requirements For
All Alterations, Including Minor Alterations. Prior to starting work on any Alteration, Tenant shall furnish to Landlord for review and approval: plans and 

 
specifications; names of proposed contractors (provided that Landlord may designate specific contractors with respect to Building systems); copies of
contracts; necessary permits and approvals; evidence of contractors’ and subcontractors’ insurance; and Tenant’s security for performance of the Alteration. Changes to the plans and specifications must also be submitted to Landlord
for its approval. Some of the foregoing requirements may be waived by Landlord for the performance of specific Minor Alterations; provided that such waiver is obtained in writing prior to the commencement of such Minor Alterations. Landlord’s
waiver on one occasion shall not waive Landlord’s right to enforce such requirements on any other occasion. Alterations shall be constructed in a good and workmanlike manner using materials of a quality that is at least equal to the quality
designated by Landlord as the minimum standard for the Building. Landlord may designate reasonable rules, regulations and procedures for the performance of Alterations in the Building and, to the extent reasonably necessary to avoid disruption to
the occupants of the Building, shall have the right to designate the time when Alterations may be performed. Tenant shall reimburse Landlord within 30 days after receipt of an invoice for out-of-pocket sums paid by Landlord for third party
examination of Tenant’s plans for Alterations. In addition, within 30 days after receipt of an invoice from Landlord, Tenant shall pay to Landlord a fee equal to 5% of the total cost of such Alterations for Landlord’s oversight and
coordination of any Alterations. No later than 30 days after completion of the Alterations, Tenant shall furnish “as-built” plans (which shall not be required for Minor Alterations), completion affidavits, full and final waivers of liens,
receipts and bills covering all labor and materials. Provided the extent and complexity of the Alterations is sufficiently limited, upon Tenant’s prior request, Landlord will accept “marked-up” plans as the “as-built” plans
required in the preceding sentence. Tenant shall assure that the Alterations comply with all insurance requirements and Laws. 
 (3)
Landlord’s Liability For Alterations. Landlord’s approval of an Alteration shall not be a representation by Landlord that the Alteration complies with applicable Laws or will be adequate for Tenant’s use. Tenant
acknowledges that Landlord is not an architect or engineer, and that the Alterations will be designed and/or constructed using independent architects, engineers and contractors. Accordingly, Landlord does not guarantee or warrant that the applicable
construction documents will comply with Laws or be free from errors or omissions, or that the Alterations will be free from defects, and Landlord will have no liability therefor. 
 10. Entry by Landlord. Landlord, its agents, contractors and representatives may enter the Premises to inspect or show the Premises, to clean and make repairs, alterations or additions to the Premises,
and to conduct or facilitate repairs, alterations or additions to any portion of the Building, including other tenants’ premises. Except in emergencies or to provide janitorial and other Building services after Normal Business Hours, Landlord
shall provide Tenant with reasonable prior notice of entry into the Premises, which may be given orally. Landlord shall have the right to temporarily close all or a portion of the Premises to perform repairs, alterations and additions, if reasonably
necessary for the protection and safety of Tenant and its employees. Except in emergencies, Landlord will not close the Premises if the work can reasonably be completed on weekends and after Normal Business Hours; provided, however, that Landlord is
not required to conduct work on weekends or after Normal Business Hours if such work can be conducted without closing the Premises. Entry by Landlord for any such purposes shall not constitute a constructive eviction or, subject to
Section 7.B, entitle Tenant to an abatement or reduction of Rent. 
 11. Assignment and Subletting. 
 A. Landlord’s Consent Required. Subject to the remaining provisions of this Article 11, but notwithstanding anything to
the contrary contained elsewhere in this Lease, Tenant shall not assign, transfer or encumber any interest in this Lease (either absolutely or collaterally) or sublease or allow any third party to use any portion of the Premises (collectively or
individually, a “Transfer”) without the prior written consent of Landlord, which consent shall not be unreasonably withheld. Without limitation, Tenant agrees that Landlord’s consent shall not be considered
unreasonably withheld if: (1) the proposed transferee’s financial condition does not meet the criteria Landlord uses to select Building tenants having similar leasehold obligations; (2) the proposed transferee is a governmental
organization or present occupant of the Property (unless Landlord is unable to accommodate such present occupant’s need for additional space in the Building of a size comparable to that portion of the Premises covered by the proposed Transfer),
or Landlord is otherwise engaged in lease negotiations with the proposed transferee for other premises in the Property; (3) any event of default exists under this Lease; (4) any portion of the Building or Premises would likely become
subject to additional or different Laws as a consequence of the proposed Transfer; (5) the proposed transferee’s use of the Premises conflicts with the Permitted Use or any 

 
exclusive usage rights granted to any other tenant in the Building; (6) the use, nature, business, activities or reputation in the business community of
the proposed transferee (or its principals, employees or invitees) does not meet Landlord’s standards for Building tenants; (7) either the Transfer or any consideration payable to Landlord in connection therewith adversely affects the real
estate investment trust qualification tests applicable to Landlord or its Affiliates; or (8) the proposed transferee is or has been involved in litigation with Landlord or any of its Affiliates. Notwithstanding anything to the contrary
contained in the immediately preceding sentence, in the event Tenant is in default under the Lease at the time Tenant requests Landlord’s consent to Transfer, Landlord shall notify Tenant in writing of such default, and Tenant shall be allowed
to cure such default during any cure period applicable to the default. Any deadlines set forth regarding Tenant’s request for consent shall be tolled until the expiration of such cure period. In the event Tenant fails to cure such default
during any applicable cure period, Landlord may deny Tenant’s request to Transfer in addition to pursuing any and all remedies available to Landlord. Tenant shall not be entitled to receive monetary damages based upon a claim that Landlord
unreasonably withheld its consent to a proposed Transfer and Tenant’s sole remedy shall be an action to enforce any such provision through specific performance or declaratory judgment. Any attempted Transfer in violation of this Article is
voidable at Landlord’s option. 
 B. Consent Parameters/Requirements. As part of Tenant’s request for, and as
a condition to, Landlord’s consent to a Transfer, Tenant shall provide Landlord with financial statements for the proposed transferee, a complete copy (unexecuted) of the proposed assignment or sublease and other contractual documents, and such
other information as Landlord may reasonably request. Other than in connection with (1) a Permitted Transfer, or (2) a Transfer where less than twelve months will remain in the Term of this Lease at the expiration of the Transfer
(e.g., a sublease with a term that expires within 12 months of the Expiration Date), Landlord shall then have the right (but not the obligation) to terminate this Lease as of the date the Transfer would have been effective
(“Landlord Termination Date”) with respect to the portion of the Premises which Tenant desires to Transfer. Landlord shall provide written notice to Tenant of its election to terminate this Lease
(“Landlord’s Termination Notice”). Tenant shall have the right to withdraw its request for Landlord’s consent to the proposed Transfer (“Withdrawal Right”),
provided Tenant exercises such Withdrawal Right within 5 Business Days after receipt of Landlord’s Termination Notice. If Tenant timely exercises its Withdrawal Right, the Lease shall continue in full force and effect as if Tenant had not
requested Landlord’s consent to the proposed Transfer. If Tenant does not timely exercise its Withdrawal Right, Tenant shall vacate such portion of the Premises by the Landlord Termination Date and upon Tenant’s vacating such portion of
the Premises, the rent and other charges payable shall be proportionately reduced. Consent by Landlord to one or more Transfer(s) shall not operate as a waiver of Landlord’s rights to approve any subsequent Transfers. In no event shall any
Transfer or Permitted Transfer release or relieve Tenant from any obligation under this Lease, nor shall the acceptance of Rent from any assignee, subtenant or occupant constitute a waiver or release of Tenant from any of its obligations or
liabilities under this Lease. Tenant shall pay Landlord a review fee of $1000 for Landlord’s review of any Permitted Transfer or requested Transfer, provided if Landlord’s actual reasonable costs and expenses (including reasonable
attorney’s fees) exceed $1000, Tenant shall reimburse Landlord for its actual reasonable costs and expenses in lieu of a fixed review fee. 
 C. Payment to Landlord. If the aggregate consideration paid to a Tenant Party for a Transfer of Tenant’s leasehold interest in the Premises exceeds that payable by Tenant under this Lease (prorated according to the
transferred interest), Tenant shall pay Landlord 50% of such excess (after deducting therefrom reasonable leasing commissions and reasonable costs of tenant improvements paid to unaffiliated third parties in connection with the Transfer, with proof
of same provided to Landlord). Tenant shall pay Landlord for Landlord’s share of any excess within 30 days after Tenant’s receipt of such excess consideration. If any uncured event of default exists under this Lease (or a condition exists
which, with the passage of time or giving of notice, would become an event of default), Landlord may require that all sublease payments be made directly to Landlord, in which case Tenant shall receive a credit against Rent in the amount of any
payments received, but not to exceed the amount payable by Tenant under this Lease. 
 D. Change in Control of Tenant.
Except for a Permitted Transfer, if Tenant is a corporation, limited liability company, partnership, or similar entity, and if the entity which owns or controls a majority of the voting shares/rights in Tenant at any time sells or disposes of such
majority of voting shares/rights, or changes its identity for any reason (including a merger, consolidation or reorganization), such change of ownership or control shall constitute a Transfer. The foregoing shall not apply so long as, both before
and after the Transfer, Tenant is an entity whose outstanding stock is listed on a recognized U.S. securities exchange, or if at least 80% of its voting stock is owned by 

 
another entity, the voting stock of which is so listed; provided, however, that Tenant shall give Landlord written notice at least 30 days prior to the
effective date of such change in ownership or control. 
 E. No Consent Required. Tenant may assign its entire interest
under this Lease to its Affiliate (defined below) or to a successor to Tenant by purchase, merger, consolidation or reorganization without the consent of Landlord, provided that all of the following conditions are satisfied in Landlord’s
reasonable discretion (a “Permitted Transfer”): (1) no uncured event of default exists under this Lease; (2) Tenant’s successor shall own all or substantially all of the assets of Tenant;
(3) such Affiliate or successor shall have a net worth which is at least equal to the greater of Tenant’s net worth at the date of this Lease or Tenant’s net worth as of the day prior to the proposed purchase, merger, consolidation or
reorganization provided however, such net worth requirement shall not be required of any Affiliate whose financial statements are prepared on a consolidated basis with Tenant’s); (4) no portion of the Building or Premises would likely
become subject to additional or different Laws as a consequence of the proposed Transfer; (5) such Affiliate’s or successor’s use of the Premises shall not conflict with the Permitted Use or any exclusive usage rights granted to any
other tenant in the Building; (6) neither the Transfer nor any consideration payable to Landlord in connection therewith adversely affects the real estate investment trust qualification tests applicable to Landlord or its Affiliates;
(7) such Affiliate or successor is not and has not been involved in litigation with Landlord or any of Landlord’s Affiliates; and (8) Tenant shall give Landlord written notice at least 30 days prior to the effective date of the
proposed Transfer, along with all applicable documentation and other information necessary for Landlord to determine that the requirements of this Section 11.E have been satisfied, including if applicable, the qualification of such
proposed transferee as an Affiliate of Tenant. The term “Affiliate” means any person or entity controlling, controlled by or under common control with Tenant or Landlord, as applicable. If requested by Landlord,
the Affiliate or successor shall sign a commercially reasonable form of assumption agreement. 
 12. Liens. Tenant shall not permit
mechanic’s or other liens to be placed upon the Property, Premises or Tenant’s leasehold interest in connection with any work or service done or purportedly done by or for the benefit of Tenant. If a lien is so placed, Tenant shall, within
10 days of notice from Landlord of the filing of the lien, fully discharge the lien by settling the claim which resulted in the lien or by bonding or insuring over the lien in the manner prescribed by the applicable lien Law. If Tenant fails to
discharge the lien, then, in addition to any other right or remedy of Landlord, Landlord may bond or insure over the lien or otherwise discharge the lien. Tenant shall, within 30 days after receipt of an invoice from Landlord, reimburse Landlord for
any amount paid by Landlord, including reasonable attorneys’ fees, to bond or insure over the lien or discharge the lien. 
 13.
Indemnity. 
 A. Tenant Indemnity; Definition of Claims. Subject to Article 15 Tenant shall hold Landlord,
its trustees, Affiliates, subsidiaries, members, principals, beneficiaries, partners, officers, directors, shareholders, employees, Mortgagee(s) (defined in Article 25) and agents (including the manager of the Property) (collectively,
“Landlord Parties”) harmless from, and indemnify and defend such parties against, all liabilities, obligations, damages, penalties, claims, actions, costs, charges and expenses, including reasonable
attorneys’ fees and other professional fees that may be imposed upon, incurred by or asserted against any of such indemnified parties (each a “Claim” and collectively
“Claims”) that arise out of or in connection with any damage or injury occurring in the Premises. Provided Landlord Parties are properly named as additional insureds in the policies required to be carried under
this Lease, and except as otherwise expressly provided in this Lease, the indemnity set forth in the preceding sentence shall be limited to the greater of (A) $5,000,000, and (B) the aggregate amount of general/umbrella liability insurance
actually carried by Tenant. 
 B. Landlord Indemnity. Subject to Articles 9.B, 15 and 20, Landlord shall hold
Tenant, its trustees, members, principals, beneficiaries, partners, officers, directors, shareholders, employees and agents (collectively, “Tenant Parties”) harmless from, and indemnify and defend such parties
against, all Claims that arise out of or in connection with any damage or injury occurring in or on the Property (excluding the Premises), to the same extent the Tenant Parties would have been covered had they been named as additional insureds on
the commercial general liability insurance policy required to be carried by Landlord under this Lease. The indemnity set forth in the preceding sentence shall be limited to the amount of $5,000,000. 
 C. Joint, Concurrent and Sole Negligence. In the event a Claim is caused by the concurrent or joint negligence of the Landlord Parties and
the Tenant Parties, Tenant’s 

 
indemnification obligations under this Lease with respect to the Landlord Parties shall be limited to the extent of the negligence of the Tenant Parties, and
Landlord’s indemnification obligation under this Lease with respect to the Tenant Parties shall be limited to the extent of the negligence of the Landlord Parties. Notwithstanding anything to the contrary in this Lease, Tenant shall have no
obligation to indemnify the Landlord Parties for a Claim which arises out of or results from the sole negligence of the Landlord Parties, and Landlord shall have no obligation to indemnify the Tenant Parties for a Claim which arises out of or
results from the sole negligence of the Tenant Parties. 
 D. Worker’s Compensation. For the sole purpose of giving full
force and effect to the indemnification obligations under this Lease and not for the benefit of any employees of Landlord, Tenant or any third parties unrelated to the parties indemnified under this Lease, Landlord and Tenant each specifically and
expressly waives any immunity that may be granted it under the Washington State Industrial Insurance Act, Title 51 RCW. 
 14. Insurance.

 A. Tenant’s Insurance. Tenant shall maintain the following insurance (“Tenant’s
Insurance”), at its sole cost and expense: (1) commercial general liability insurance applicable to the Premises and its appurtenances providing, on an occurrence basis, a per occurrence limit of no less than $1,000,000;
(2) causes of loss-special form (formerly “all risk”) property insurance, including earthquake, covering all above building standard leasehold improvements and Tenant’s trade fixtures, equipment, furniture and other personal
property within the Premises (“Tenant’s Property”) in the amount of the full replacement cost thereof; (3) business income (formerly “business interruption”) insurance written on an actual
loss sustained form or with sufficient limits to address reasonably anticipated business interruption losses; (4) business automobile liability insurance to cover all owned, hired and nonowned automobiles owned or operated by Tenant providing a
minimum combined single limit of $1,000,000; (5) workers’ compensation insurance as required by the state in which the Premises is located and in amounts as may be required by applicable statute (provided, however, if no workers’
compensation insurance is statutorily required, Tenant shall carry workers’ compensation insurance in a minimum amount of $500,000); (6) employer’s liability insurance in an amount of at least $500,000 per occurrence; and
(7) umbrella liability insurance that follows form in excess of the limits specified in (1), (4) and (6) above, of no less than $4,000,000 per occurrence and in the aggregate. Any company underwriting any of Tenant’s Insurance
shall have, according to A.M. Best Insurance Guide, a Best’s rating of not less than A- and a Financial Size Category of not less than VIII. All commercial general liability, business automobile liability and umbrella liability insurance
policies shall name Landlord (or any successor), Landlord’s property manager, Landlord’s Mortgagee (if any), and their respective members, principals, beneficiaries, partners, officers, directors, employees, and agents, and other designees
of Landlord as the interest of such designees shall appear, as “additional insureds” and shall be primary with Landlord’s policy being secondary and noncontributory. If any aggregate limit is reduced because of losses paid to below
75% of the limit required by this Lease, Tenant will notify Landlord in writing within 10 days of the date of reduction. All policies of Tenant’s Insurance shall contain endorsements that the insurer(s) shall give Landlord and its designees at
least 30 days’ advance written notice of any change, cancellation, termination or lapse of insurance. Tenant shall provide Landlord with a certificate of insurance and all required endorsements evidencing Tenant’s Insurance prior to the
earlier to occur of the Commencement Date or the date Tenant is provided access to the Premises for any reason, and upon renewals at least 10 days prior to the expiration of the insurance coverage. Failure to provide such evidence within 5 days
after Landlord’s request shall be considered a Time Sensitive Default; provided, however, Landlord can require such evidence as a condition to granting Tenant initial access to the Premises. All of Tenant’s Insurance policies, endorsements
and certificates will be on forms and with deductibles and self-insured retention, if any, reasonably acceptable to Landlord. The limits of Tenant’s insurance shall not limit Tenant’s liability under this Lease. 
 B. Landlord’s Insurance. Landlord shall maintain: (1) commercial general liability insurance applicable to the Property
which provides, on an occurrence basis, a minimum combined single limit of no less than $5,000,000 (coverage in excess of $1,000,000 may be provided by way of an umbrella/excess liability policy); and (2) causes of loss-special form (formerly
“all risk”) property insurance on the Building in the amount of the replacement cost thereof, as reasonably estimated by Landlord. The foregoing insurance and any other insurance carried by Landlord may be effected by a policy or policies
of blanket insurance and shall be for the sole benefit of Landlord and under Landlord’s sole control. Consequently, Tenant shall have no right or claim to any proceeds thereof or any other rights thereunder. 

 15. Mutual Waiver of Subrogation. Notwithstanding anything in this Lease to the contrary, Tenant waives,
and shall cause its insurance carrier(s) and any other party claiming through or under such carrier(s), by way of subrogation or otherwise, to waive any and all rights of recovery, Claim, action or causes of action against all Landlord Parties for
any loss or damage to Tenant’s business, any loss of use of the Premises, and any loss, theft or damage to Tenant’s Property (including Tenant’s automobiles or the contents thereof), INCLUDING ALL
RIGHTS (BY WAY OF SUBROGATION OR OTHERWISE) OF RECOVERY, CLAIMS, ACTIONS
OR CAUSES OF ACTION ARISING OUT OF THE NEGLIGENCE OF ANY LANDLORD
PARTY, which loss or damage is (or would have been, had the insurance required by this Lease been maintained) covered by insurance. In addition, Landlord shall cause its insurance carrier(s) and any other party
claiming through or under such carrier(s), by way of subrogation or otherwise, to waive any and all rights of recovery, Claim, action or causes of action against all Tenant Parties for any loss of or damage to or loss of use of the Building, any
additions or improvements to the Building, or any contents thereof, INCLUDING ALL RIGHTS (BY WAY OF SUBROGATION OR
OTHERWISE) OF RECOVERY, CLAIMS, ACTIONS OR CAUSES OF ACTION ARISING OUT
OF THE NEGLIGENCE OF ANY TENANT PARTY, which loss or damage is (or would have been, had the insurance required by this Lease
been maintained) covered by insurance. 
 16. Casualty Damage. 
 A. Repair or Termination by Landlord. If all or any part of the Premises are damaged by fire or other casualty, Tenant shall immediately notify Landlord in writing. Landlord shall have the right
to terminate this Lease if: (1) the Building shall be damaged so that, in Landlord’s judgment, substantial alteration or reconstruction of the Building shall be required (whether or not the Premises have been damaged); (2) Landlord is
not permitted by Law to rebuild the Building in substantially the same form as existed before the fire or casualty; (3) the Premises have been materially damaged and there is less than 2 years of the Term remaining on the date of the casualty;
(4) any Mortgagee requires that the insurance proceeds be applied to the payment of the mortgage debt; or (5) an uninsured loss of the Building occurs notwithstanding Landlord’s compliance with Section 14.B above. Landlord
may exercise its right to terminate this Lease by notifying Tenant in writing within 90 days after the date of the casualty. If Landlord does not terminate this Lease under this Section 16.A, Landlord shall commence and proceed with
reasonable diligence to repair and restore the Building and/or the Premises to substantially the same condition as existed immediately prior to the date of damage; provided, however, that Landlord shall only be required to reconstruct building
standard leasehold improvements existing in the Premises as of the date of damage, and Tenant shall be required to pay the cost for restoring any other leasehold improvements. However, in no event shall Landlord be required to spend more than the
insurance proceeds received by Landlord. 
 B. Timing for Repair; Termination by Either Party. If all or any portion of the
Premises is damaged as a result of fire or other casualty, Landlord shall, with reasonable promptness, cause an architect or general contractor selected by Landlord to provide Landlord and Tenant with a written estimate of the amount of time
required to substantially complete the repair and restoration of the Premises, using standard working methods (“Completion Estimate”). If the Completion Estimate indicates that the Premises cannot be made
tenantable within 240 days from the date of damage, then regardless of anything in Section 16.A above to the contrary, either party shall have the right to terminate this Lease by giving written notice to the other of such election
within 10 days after receipt of the Completion Estimate. Tenant, however, shall not have the right to terminate this Lease if the fire or casualty was caused by the negligence or intentional misconduct of any of the Tenant Parties. If neither party
terminates this Lease under this Section 16.B, then Landlord shall repair and restore the Premises in accordance with, and subject to the limitations of, Section 16.A. 
 C. Abatement. In the event a material portion of the Premises is damaged as a result of a fire or other casualty, the Base Rent
shall abate for the portion of the Premises that is damaged and not usable by Tenant until substantial completion of the repairs and restoration required to be made by Landlord pursuant to Section 16.A. Tenant, however, shall not be
entitled to such abatement if the fire or other casualty was caused by the negligence or intentional misconduct of any of the Tenant Parties. Landlord shall not be liable for any loss or damage to Tenant’s Property or to the business of Tenant
resulting in any way from the fire or other casualty or from the repair and restoration of the damage. Landlord and Tenant hereby waive the provisions of any Law relating to the matters addressed in this Article, and agree that their respective
rights for damage to or destruction of the Premises shall be those specifically provided in this Lease. 

 17. Condemnation. Either party may terminate this Lease if the whole or any material part of the Premises
are taken or condemned for any public or quasi-public use under Law, by eminent domain or private purchase in lieu thereof (a “Taking”). Landlord shall also have the right to terminate this Lease if there is a
Taking of any portion of the Building or Property which would leave the remainder of the Building unsuitable for use as an office building in a manner comparable to the Building’s use prior to the Taking. In order to exercise its right to
terminate this Lease under this Article 17, Landlord or Tenant, as the case may be, must provide written notice of termination to the other within 45 days after the terminating party first receives notice of the Taking. Any such termination
shall be effective as of the date the physical taking of the Premises or the portion of the Building or Property occurs. If this Lease is not terminated, the Rentable Square Footage of the Building, the Rentable Square Footage of the Premises and
Tenant’s Pro Rata Share shall, if applicable, be appropriately adjusted by Landlord. In addition, Base Rent for any portion of the Premises taken or condemned shall be abated during the unexpired Term effective when the physical taking of the
portion of the Premises occurs. All compensation awarded for a Taking, or sale proceeds, shall be the property of Landlord, any right to receive compensation or proceeds being expressly waived by Tenant. However, Tenant may file a separate claim at
its sole cost and expense for Tenant’s Property (excluding above building standard leasehold improvements) and Tenant’s reasonable relocation expenses, provided the filing of such claim does not diminish the award which would otherwise be
receivable by Landlord. 
 18. Events of Default. Tenant shall be considered to be in default under this Lease upon the occurrence of any of
the following events of default: 
 A. Tenant’s failure to pay when due all or any portion of the Rent within 5 days after written
notice from Landlord (“Monetary Default”). 
 B. Tenant’s failure to perform any of the
obligations of Tenant in the manner and within the time frames set forth in Articles 14, 24 or 25 (a “Time Sensitive Default”). 
 C. Tenant’s failure (other than a Monetary Default or a Time Sensitive Default) to comply with any term, provision or covenant of this Lease,
if the failure is not cured within 20 days after written notice to Tenant. However, if Tenant’s failure to comply cannot reasonably be cured within 20 days, Tenant shall be allowed additional time (not to exceed an additional 20 days) as is
reasonably necessary to cure the failure so long as: (1) Tenant commences to cure the failure within the 10 day period following Landlord’s initial written notice, and (2) Tenant diligently pursues a course of action that will cure
the failure and bring Tenant back into compliance with this Lease. However, if Tenant’s failure to comply creates a hazardous condition, the failure must be cured immediately upon notice to Tenant. In addition, if Landlord provides Tenant with
notice of Tenant’s failure to comply with the same specific term, provision or covenant of this Lease on more than two (2) occasions during any 12 month period, Tenant’s subsequent violation of the same term, provision or covenant
shall, at Landlord’s option, be deemed an incurable event of default by Tenant. 
 D. Tenant or any Guarantor becomes insolvent,
files a petition for protection under the U.S. Bankruptcy Code (or similar Law) or a petition is filed against Tenant or any Guarantor under such Laws and is not dismissed within 45 days after the date of such filing, makes a transfer in fraud of
creditors or makes an assignment for the benefit of creditors, or admits in writing its inability to pay its debts when due. 
 E. The
leasehold estate is taken by process or operation of Law. 
 F. In the case of any ground floor or retail tenant, or any other tenant
whose space is visible from the Common Areas or elevator lobby areas of the Building (except not, in the case of elevator lobbies, on floors where Tenant occupies the entire floor of the Building), Tenant does not take possession of, or abandons or
vacates all or a substantial portion of the Premises; provided, however that so long as Tenant keeps the Premises neat and orderly (including, without limitation, keeping the Premises free of trash and boxes and the window coverings closed so that
the vacant space is not visible), it shall not be an event of default if Tenant abandons or vacates all or a substantial portion of the Premises. 
 G. Tenant is in default beyond any notice and cure period under any other lease or agreement with Landlord in connection with the Property, including any lease or agreement for parking. 

 19. Remedies. 
 A. Landlord’s Remedies. Upon any default, Landlord shall have the right without notice or demand (except as provided in Article 18) to pursue any of its rights and remedies at Law or in
equity, including any one or more of the following remedies: 
 (1) Terminate this Lease; 
 (2) Re-enter the Premises, change locks, alter security devices and lock out Tenant or terminate Tenant’s right of possession of the Premises
without terminating this Lease; 
 (3) Remove and store, at Tenant’s expense, all the property in the Premises using such lawful force
as may be necessary; 
 (4) Cure such event of default for Tenant at Tenant’s expense (plus a 15% administrative fee); 
 (5) Withhold or suspend payment of sums Landlord would otherwise be obligated to pay to Tenant under this Lease or any other agreement; 
 (6) At any time during the Term when the Basic Letter of Credit is not in effect in accordance with Section 31.L (including after the
expiration of the Basic Letter of Credit Term), require all future payments to be made by cashier’s check, money order or wire transfer after the first time any check is returned for insufficient funds, or the second time any sum due hereunder
is more than five (5) days late; provided, however, if Tenant timely pays all Rent payments for a period of 12 consecutive months after any check is returned for insufficient funds, Tenant shall once again be entitled to make Rent payments by
check until any check is returned for insufficient funds; 
 (7) Apply any Security Deposit as permitted under this Lease; and/or 

(8) Recover such other amounts in addition to or in lieu of the foregoing as may be permitted from time to time by applicable Law, including any other
amount necessary to compensate Landlord for all the detriment proximately caused by Tenant’s failure to perform its obligations under this Lease or which in the ordinary course of events would be likely to result therefrom. 
 B. Measure of Damages. 
 (1)
Calculation. If Landlord either terminates this Lease or terminates Tenant’s right to possession of the Premises, Tenant shall immediately surrender and vacate the Premises and pay Landlord on demand: (a) all Rent accrued
through the end of the month in which the termination becomes effective; (b) interest on all unpaid Rent from the date due at a rate equal to the lesser of 15% per annum or the highest interest rate permitted by applicable Law;
(c) all expenses reasonably incurred by Landlord in enforcing its rights and remedies under this Lease, including all reasonable legal expenses; (d) Costs of Reletting (defined below); and (e) all Landlord’s Rental Damages
(defined below). In the event that Landlord relets the Premises for an amount greater than the Rent due during the Term, Tenant shall not receive a credit for any such excess. 
 (2) Definitions. “Costs of Reletting” shall include commercially reasonable costs, losses and
expenses incurred by Landlord in reletting all or any portion of the Premises including, without limitation, the cost of removing and storing Tenant’s furniture, trade fixtures, equipment, inventory or other property, repairing and/or
demolishing the Premises, removing and/or replacing Tenant’s signage and other fixtures, making the Premises ready for a new tenant, including the cost of advertising, commissions, architectural fees, legal fees and leasehold improvements, and
any allowances and/or concessions provided by Landlord. “Landlord’s Rental Damages” shall mean the total Rent which Landlord would have received under this Lease (had Tenant made all such Lease payments as
required) for the remainder of the Term minus the fair rental value of the Premises for the same period, or, if the Premises are relet, the actual rental value (not to exceed the Rent due during the Term), both discounted to present value at the
Prime Rate (defined below) in effect upon the date of determination. For purposes hereof, the “Prime Rate” shall be the per annum interest rate publicly announced by a federally insured bank selected by Landlord
in the state in which the Building is located as such bank’s prime or base rate. 

 (3) Landlord’s Alternative Calculation. Because future market rental rates, and the
costs or time involved in reletting may be uncertain and difficult to determine at the time of Tenant’s default, the parties agree that Landlord may in its sole discretion elect to recover, in lieu of calculating damages under
Section 19.B(1)(d) and (e) above (but without limiting damages under Section 19.B(1)(a) and (b) above), the sum of (a) the unamortized portion of all costs, losses and expenses incurred by
Landlord as a result of entering into the Lease, and (b) twenty five percent (25%) of the total nominal Rent which Landlord would have received under this Lease (had Tenant made all such Rent payments as required) for the remainder of the
Term, which the parties agree is a fair and reasonable estimate of Landlord’s Rental Damages and the Costs of Reletting. 
 C.
Tenant Not Relieved from Liabilities. Unless expressly provided in this Lease, the repossession or re-entering of all or any part of the Premises shall not relieve Tenant of its liabilities and obligations under this Lease. In addition,
Tenant shall not be relieved of its liabilities under this Lease, nor be entitled to any damages hereunder, based upon minor or immaterial errors in the exercise of Landlord’s remedies. No right or remedy of Landlord shall be exclusive of any
other right or remedy. Each right and remedy shall be cumulative and in addition to any other right and remedy now or subsequently available to Landlord at Law or in equity. If Tenant fails to pay any amount when due hereunder (after the expiration
of any applicable cure period), Landlord shall be entitled to receive interest on any unpaid item of Rent from the date initially due (without regard to any applicable grace period) at a rate equal to the lesser of 15% per annum or the highest
rate permitted by Law. In addition, if Tenant fails to pay any item or installment of Rent when due (after the expiration of any applicable cure period), Tenant shall pay Landlord an administrative fee equal to 5% of the past due Rent. However,
Landlord waives its right to impose a late charge against Tenant for the first time Tenant fails to pay any amount within 5 days after becoming due under this Lease. However, in no event shall the charges permitted under this
Section 19.C or elsewhere in this Lease, to the extent they are considered interest under applicable Law, exceed the maximum lawful rate of interest. If any payment by Tenant of an amount deemed to be interest results in Tenant having
paid any interest in excess of that permitted by Law, then it is the express intent of Landlord and Tenant that all such excess amounts theretofore collected by Landlord be credited against the other amounts owing by Tenant under this Lease. Receipt
by Landlord of Tenant’s keys to the Premises shall not constitute an acceptance or surrender of the Premises. NOTWITHSTANDING ANY OTHER PROVISION OF
THIS LEASE TO THE CONTRARY, BUT SUBJECT TO SECTION 13.C, TENANT SHALL
HOLD LANDLORD PARTIES HARMLESS FROM AND INDEMNIFY AND DEFEND SUCH PARTIES
AGAINST, ALL CLAIMS THAT ARISE OUT OF OR IN CONNECTION WITH A
BREACH OF THIS LEASE, SPECIFICALLY INCLUDING ANY VIOLATION OF APPLICABLE LAWS
OR CONTAMINATION (DEFINED IN ARTICLE 30) CAUSED BY A TENANT PARTY. 
 D. Mitigation of Damages. Upon termination of Tenant’s right to possess the Premises, Landlord shall, only to the extent required by
Law, use objectively reasonable efforts to mitigate damages by reletting the Premises. Landlord shall not be deemed to have failed to do so if Landlord refuses to lease the Premises to a prospective new tenant with respect to whom Landlord would be
entitled to withhold its consent pursuant to Section 11.A, or who (1) is an Affiliate, parent or subsidiary of Tenant; (2) is not acceptable to any Mortgagee of Landlord; (3) requires improvements to the Premises to be
made at Landlord’s expense; or (4) is unwilling to accept lease terms then proposed by Landlord, including: (a) leasing for a shorter or longer term than remains under this Lease; (b) re-configuring or combining the Premises with
other space, (c) taking all or only a part of the Premises; and/or (d) changing the use of the Premises. Notwithstanding Landlord’s duty to mitigate its damages as provided herein, Landlord shall not be obligated (i) to give any
priority to reletting Tenant’s space in connection with its leasing of space in the Building or any complex of which the Building is a part, or (ii) to accept below market rental rates for the Premises or any rate that would negatively
impact the market rates for the Building. To the extent that Landlord is required by applicable Law to mitigate damages, Tenant must plead and prove by clear and convincing evidence that Landlord failed to so mitigate in accordance with the
provisions of this Section 19.D, and that such failure resulted in an avoidable and quantifiable detriment to Tenant. 
 20. Limitation of
Liability. Notwithstanding anything to the contrary contained in this Lease, the liability of Landlord (and of any successor Landlord) to Tenant (or any person or entity claiming by, through or under Tenant) shall be limited to the interest
of Landlord in the Property, which shall include (a) the unencumbered proceeds of sale received upon execution of a judgment in favor of Tenant and levy thereon against the right, title, and interest of Landlord in the Property, (b) the
unencumbered rents or other income from the Property receivable by Landlord, and (c) the unencumbered consideration received by Landlord from the sale or other disposition of all or any part of Landlord’s right, title, and interest in the
Property. Tenant shall look solely to Landlord’s 

 
interest in the Property for the recovery of any judgment or award against Landlord. No Landlord Party shall be personally liable for any judgment or
deficiency. Before filing suit for an alleged default by Landlord, Tenant shall give Landlord and the Mortgagee(s) (defined in Article 25) whom Tenant has been notified hold Mortgages (defined in Article 25) on the Property, Building
or Premises, notice and reasonable time to cure the alleged default. Tenant hereby waives all claims against all Landlord Parties for consequential, special or punitive damages allegedly suffered by any Tenant Parties, including lost profits and
business interruption. 
 21. No Waiver. Neither party’s failure to declare a default immediately upon its occurrence or delay in taking
action for a default shall constitute a waiver of the default, nor shall it constitute an estoppel. Neither party’s failure to enforce its rights for a default shall constitute a waiver of that party’s rights regarding any subsequent
default. 
 22. Tenant’s Right to Possession. Provided Tenant pays the Rent and fully performs all of its other covenants and agreements
under this Lease, Tenant shall have the right to occupy the Premises without hindrance from Landlord or any person lawfully claiming through Landlord, subject to the terms of this Lease, all Mortgages, insurance requirements and applicable Law. This
covenant and all other covenants of Landlord shall be binding upon Landlord and its successors only during its or their respective periods of ownership of the Building, and shall not be a personal covenant of any Landlord Parties. 
 23. Intentionally Deleted. 
 24. Holding Over.
Except for any permitted occupancy by Tenant under Article 29, if Tenant or any party claiming by, through or under Tenant fails to surrender the Premises at the expiration or earlier termination of this Lease, the continued occupancy of the
Premises shall be that of a tenancy at sufferance. Tenant shall pay an amount (on a per month basis without reduction for partial months during the holdover) equal to 150% of the Base Rent and Tenant’s Pro Rata Share of Operating Expenses for
the first thirty (30) days following expiration or termination, and 200% of the Base Rent and Tenant’s Pro Rata Share of Operating Expenses thereafter. Tenant shall otherwise continue to be subject to all of Tenant’s obligations under
this Lease. No holdover by Tenant or payment by Tenant after the expiration or early termination of this Lease shall be construed to extend the Term or prevent Landlord from immediate recovery of possession of the Premises by summary proceedings or
otherwise. In addition to the payment of the amounts provided above, if Landlord is unable to deliver possession of the Premises to a new tenant, or to perform improvements for a new tenant, as a result of Tenant’s holdover and Tenant fails to
vacate the Premises within 15 days after Landlord notifies Tenant of Landlord’s inability to deliver possession, or perform improvements, such failure shall constitute a Time Sensitive Default hereunder; and notwithstanding any other provision
of this Lease to the contrary, BUT SUBJECT TO SECTION 13.C, TENANT SHALL BE LIABLE TO
LANDLORD FOR, AND SHALL PROTECT LANDLORD FROM AND INDEMNIFY AND DEFEND
LANDLORD AGAINST, ALL LOSSES AND DAMAGES, INCLUDING ANY CLAIMS MADE BY
ANY SUCCEEDING TENANT RESULTING FROM SUCH FAILURE TO VACATE, AND ANY
CONSEQUENTIAL DAMAGES THAT LANDLORD SUFFERS FROM THE HOLDOVER. 
 25. Subordination to Mortgages; Estoppel Certificate. Tenant accepts this Lease subject and subordinate to any mortgage(s), deed(s) of trust, ground lease(s) or other lien(s) now or subsequently
affecting the Premises, the Building or the Property, and to renewals, modifications, refinancings and extensions thereof (collectively, a “Mortgage”). The party having the benefit of a Mortgage shall be
referred to as a “Mortgagee.” This clause shall be self-operative, but upon request from a Mortgagee, Tenant shall execute a commercially reasonable subordination agreement in favor of the Mortgagee. In lieu of
having the Mortgage be superior to this Lease, a Mortgagee shall have the right at any time to subordinate its Mortgage to this Lease. If requested by a successor-in-interest to all or a part of Landlord’s interest in this Lease, Tenant shall,
without charge, attorn to the successor-in-interest. Tenant shall, within 5 Business Days after receipt of a written request from Landlord, execute and deliver an estoppel certificate to those parties as are reasonably requested by Landlord
(including a Mortgagee or prospective purchaser). The estoppel certificate shall include a statement certifying that this Lease is unmodified (except as identified in the estoppel certificate) and in full force and effect, describing the dates to
which Rent and other charges have been paid, representing that, to the best of Tenant’s knowledge, there is no default (or stating with specificity the nature of the alleged default) and certifying other matters with respect to this Lease that
may reasonably be requested. Tenant’s failure to provide any estoppel certificate within the 5 Business Day period specified above, and the continuation of such failure for a period of 5 days after Landlord delivers a second written notice
requesting same, shall constitute a Time Sensitive Default under this Lease. Landlord shall use reasonable efforts, at Tenant’s costs, to obtain Landlord’s Mortgagee’s then-current form of nondisturbance agreement for the benefit of
Tenant. 

 26. Attorneys’ Fees. If either party institutes a suit against the other for violation of or to
enforce any covenant or condition of this Lease, or if either party intervenes in any suit in which the other is a party to enforce or protect its interest or rights, the prevailing party shall be entitled to all of its costs and expenses, including
reasonable attorneys’ fees. 
 27. Notice. If a demand, request, approval, consent or notice (collectively, a
“notice”) shall or may be given to either party by the other, the notice shall be in writing and delivered by hand or sent by registered or certified mail with return receipt requested, or sent by overnight or
same day courier service, at the party’s respective Notice Address(es) set forth in Article 1, except that if Tenant has vacated the Premises (or if the Notice Address for Tenant is other than the Premises, and Tenant has vacated such
address) without providing Landlord a new Notice Address, Landlord may serve notice in any manner described in this Article or in any other manner permitted by Law. Each notice shall be deemed to have been received or given on the earlier to occur
of actual delivery or the date on which delivery is first refused, or, if Tenant has vacated the Premises or the other Notice Address of Tenant without providing a new Notice Address, three (3) days after notice is deposited in the U.S. mail or
with a courier service in the manner described above. Either party may, at any time, change its Notice Address by giving the other party written notice of the new address in the manner described in this Article. 
 28. Reserved Rights. This Lease does not grant any rights to light or air over or about the Building. Landlord excepts and reserves exclusively to itself
the use of: (A) roofs, (B) telephone, electrical and janitorial closets, (C) equipment rooms, Building risers or similar areas that are used by Landlord for the provision of Building services, (D) rights to the land and
improvements below the floor of the Premises, (E) the improvements and air rights above the Premises, (F) the improvements and air rights outside the demising walls of the Premises, (G) the areas within the Premises used for the
installation of utility lines and other installations serving occupants of the Building, and (H) any other areas designated from time to time by Landlord as service areas of the Building. Tenant shall not have the right to install or operate
any equipment producing radio frequencies, electrical or electromagnetic output or other signals, noise or emissions in or from the Building without the prior written consent of Landlord, which consent shall not be unreasonably withheld. Without
limitation, Tenant agrees that Landlord’s consent shall not be considered unreasonably withheld if (1) the emissions from such equipment will create interference with systems currently or subsequently installed in the Premises or elsewhere
in the Building; (2) the equipment, its installation and operation will not comply at all times with all applicable Laws; or (3) Tenant is unable or unwilling to sign Landlord’s then-current form of telecom agreement. To the extent
permitted by applicable Law, Landlord reserves the right to restrict and control the use of such equipment. Landlord has the right to change the Building’s name or address. Landlord also has the right to make such other changes to the Property
and Building as Landlord deems appropriate, provided the changes do not materially affect Tenant’s ability to use the Premises for the Permitted Use. Landlord shall also have the right (but not the obligation) to temporarily close the Building
if Landlord reasonably determines that there is an imminent danger of significant damage to the Building or of personal injury to Landlord’s employees or the occupants of the Building. The circumstances under which Landlord may temporarily
close the Building shall include, without limitation, electrical interruptions, hurricanes and civil disturbances. A closure of the Building under such circumstances shall not constitute a constructive eviction nor entitle Tenant to an abatement or
reduction of Rent. 
 29. Surrender of Premises. All improvements to the Premises (collectively, “Leasehold
Improvements”) shall be owned by Landlord and shall remain upon the Premises without compensation to Tenant. At the expiration or earlier termination of this Lease or Tenant’s right of possession, Tenant shall remove
Tenant’s Removable Property (defined below) from the Premises, and quit and surrender the Premises to Landlord, broom clean, and in good order, condition and repair, ordinary wear and tear excepted. As used herein, the term
“Tenant’s Removable Property” shall mean: (A) Cable installed by or for the benefit of Tenant and located in the Premises or other portions of the Building; (B) any Leasehold Improvements that are
installed by or for the benefit of Tenant and, in Landlord’s reasonable judgment, are of a nature that would require removal and repair costs that are materially in excess of the removal and repair costs associated with standard office
improvements (“Special Installations”); and (C) Tenant’s personal property. Landlord shall notify Tenant in writing at the time of Landlord’s approval of Tenant’s Plans (defined in the Work
Letter) or at the time of approval of plans submitted to Landlord by Tenant in connection with 

 
Alterations whether any Leasehold Improvements to be constructed in the Premises constitute Special Installations. Notwithstanding the foregoing, Landlord
may, in Landlord’s sole discretion and at no cost to Landlord, require Tenant to leave any of its Special Installations or Cable in the Premises. If Tenant fails to remove any of Tenant’s Removable Property (other than Special
Installations which Landlord has designated to remain in the Premises) within 2 days after the termination of this Lease or of Tenant’s right to possession, Landlord, at Tenant’s sole cost and expense, shall be entitled (but not obligated)
to remove and store Tenant’s Removable Property. Landlord shall not be responsible for the value, preservation or safekeeping of Tenant’s Removable Property. Tenant shall pay Landlord, upon demand, the expenses and storage charges incurred
for Tenant’s Removable Property. To the fullest extent permitted by applicable Law, any unused portion of Tenant’s Security Deposit may be applied to offset Landlord’s costs set forth in the preceding sentence. In addition, if Tenant
fails to remove Tenant’s Removable Property from the Premises or storage, as the case may be, within 30 days after written notice, Landlord may deem all or any part of Tenant’s Removable Property to be abandoned, and title to Tenant’s
Removable Property (except with respect to any Hazardous Material [defined in Article 30]) shall be deemed to be immediately vested in Landlord. Except for Special Installations designated by Landlord to remain in the Premises, Tenant’s
Removable Property shall be removed by Tenant before the Expiration Date; provided that upon Landlord’s prior written consent (which must be requested by Tenant at least 30 days in advance of the Expiration Date and which shall not be
unreasonably withheld), Tenant may remain in the Premises for up to 5 days after the Expiration Date for the sole purpose of removing Tenant’s Removable Property. Tenant’s possession of the Premises for such purpose shall be subject to all
of the terms and conditions of this Lease, including the obligation to pay Base Rent and Tenant’s Pro Rata Share of Excess Operating Expenses on a per diem basis at the rate in effect for the last month of the Term. In the event this Lease is
terminated prior to the Expiration Date, Tenant’s Removable Property (except for Special Installations designated by Landlord to remain in the Premises) shall be removed by Tenant on or before such earlier date of termination. Tenant shall
repair damage caused by the installation or removal of Tenant’s Removable Property. 
 30. Hazardous Materials. 
 A. Restrictions. No Hazardous Material (defined below) (except for de minimis quantities of household cleaning products and office
supplies used in the ordinary course of Tenant’s business at the Premises and that are used, kept and disposed of in compliance with Laws) shall be brought upon, used, kept or disposed of in or about the Premises or the Property by any Tenant
Parties or any of Tenant’s transferees, contractors or licensees without Landlord’s prior written consent, which consent may be withheld in Landlord’s sole and absolute discretion. Tenant’s request for such consent shall include
a representation and warranty by Tenant that the Hazardous Material in question (1) is necessary in the ordinary course of Tenant’s business, and (2) shall be used, kept and disposed of in compliance with all Laws. 
 B. Remediation. Tenant shall, at its expense, monitor the Premises for the presence of Hazardous Materials or conditions which may
reasonably give rise to Contamination (defined below) and promptly notify Landlord if it suspects Contamination in the Premises. Any remediation of Contamination caused by a Tenant Party or its contractors or invitees which is required by Law or
which is deemed necessary by Landlord, in Landlord’s opinion, shall be performed by Landlord and Tenant shall reimburse Landlord for the cost thereof, plus a 15% administrative fee. Landlord shall indemnify Tenant against all Claims that arise
out of Contamination caused by Landlord. 
 C. Definitions. For purposes of this Article 30, a
“Hazardous Material” is any substance the presence of which requires, or may hereafter require, notification, investigation or remediation under any Laws or which is now or hereafter defined, listed or regulated
by any governmental authority as a “hazardous waste”, “extremely hazardous waste”, “solid waste”, “toxic substance”, “hazardous substance”, “hazardous material” or “regulated
substance”, or otherwise regulated under any Laws. “Contamination” means the existence or any release or disposal of a Hazardous Material or biological or organic contaminant, including any such contaminant
which could adversely impact air quality, such as mold, fungi or other bacterial agents, in, on, under, at or from the Premises, the Building or the Property which may result in any liability, fine, use restriction, cost recovery lien, remediation
requirement, or other government or private party action or imposition affecting any Landlord Party. For purposes of this Lease, claims arising from Contamination shall include diminution in value, restrictions on use, adverse impact on leasing
space, and all costs of site investigation, remediation, removal and restoration work, including response costs under CERCLA and similar statutes. 

 D. Reports, Surveys and Acceptance of
Premises. All current surveys or reports prepared for the Property regarding the presence of Hazardous Materials (if any) in the Building are available for inspection by Tenant in the office of the Property manager. Landlord represents that
the two reports provided to Tenant (Limited Asbestos Survey for the 9th Floor of the Exchange Building located at 821 Second Avenue, Seattle, WA. Letter of
“Good Faith Inspection”, PBS Project #40009.06 dated April 28, 2000, and Limited Asbestos Survey for the 10th Floor of the Exchange Building
located at 821 Second Avenue, Seattle, WA. Letter of “Good Faith Inspection”, PBS Project #40009.06 dated October 12, 2000) are, as of the Effective Date, the only surveys or reports regarding Hazardous Materials in the Premises known
to Landlord. With respect to Hazardous Materials, Tenant hereby (1) accepts full responsibility for reviewing any such surveys and reports and satisfying itself prior to the execution of this Lease as to the acceptability of the Premises under
Section 3.B above, and (2) acknowledges and agrees that this provision satisfies all notice requirements under applicable Law. In the event Tenant performs or causes to be performed any test on or within the Premises for the purpose
of determining the presence of a Hazardous Material, Tenant shall obtain Landlord’s prior written consent and use a vendor approved by Landlord for such testing. In addition, Tenant shall provide to Landlord a copy of such test within 10 days
of Tenant’s receipt. In the event that Hazardous Materials are discovered in the Building during the Term of this Lease, and such Hazardous Materials were not caused or introduced by a Tenant Party, Landlord will cause such Hazardous Materials
to be remediated at Landlord’s expense, within the time frames and parameters required by Law. In the event that Hazardous Materials are discovered in the Building during the Term of this Lease, and such Hazardous Materials were not caused or
introduced by a Tenant Party (including being specified in the Construction Documents prepared by Tenant’s architect), Landlord will cause such Hazardous Materials to be remediated, encapsulated, or otherwise handled, at Landlord’s
expense, within the time frames and parameters required by Law. 
 31. Miscellaneous. 
 A. Governing Law; Jurisdiction and Venue; Severability; Paragraph Headings. This Lease and the rights and obligations of the parties shall
be interpreted, construed and enforced in accordance with the Laws of the state in which the Property is located. All obligations under this Lease are performable in the county or other jurisdiction where the Property is located, which shall be
venue for all legal actions. If any term or provision of this Lease shall be invalid or unenforceable, then such term or provision shall be automatically reformed to the extent necessary to render such term or provision enforceable, without the
necessity of execution of any amendment or new document. The remainder of this Lease shall not be affected, and each remaining and reformed provision of this Lease shall be valid and enforced to the fullest extent permitted by Law. The headings and
titles to the Articles and Sections of this Lease are for convenience only and shall have no effect on the interpretation of any part of this Lease. The words “include”, “including” and similar words will not be construed
restrictively to limit or exclude other items not listed. 
 B. Recording. Tenant shall not record this Lease or any memorandum
without Landlord’s prior written consent. 
 C. Force Majeure. Whenever a period of time is prescribed for the taking of
an action by Landlord or Tenant, the period of time for the performance of such action shall be extended by the number of days that the performance is actually delayed due to strikes, acts of God, shortages of labor or materials, war, terrorist
attacks (including bio-chemical attacks), civil disturbances and other causes beyond the reasonable control of the performing party (“Force Majeure”). However, events of Force Majeure shall not extend any period
of time for the payment of Rent or other sums payable by either party or any period of time for the written exercise of an option or right by either party. 
 D. Transferability; Release of Landlord. Landlord shall have the right to transfer and assign, in whole or in part, all of its rights and obligations under this Lease and in the Building and/or Property,
and upon such transfer Landlord shall be released from any further obligations arising hereunder after the date of the transfer, and Tenant agrees to look solely to the successor in interest of Landlord for the performance of such obligations,
provided the successor in interest assumes in writing all obligations of Landlord hereunder from and after the date of such transfer. 
 E. Brokers. Tenant represents that it has dealt directly with and only with Clay Nielsen & Ed Curtis of Washington Partners (whose commission shall be paid by Landlord pursuant to a separate written agreement) in
connection with this Lease. TENANT AND LANDLORD SHALL EACH INDEMNIFY THE OTHER AGAINST ALL
COSTS, EXPENSES, ATTORNEYS’ FEES, LIENS AND OTHER LIABILITY FOR COMMISSIONS OR
OTHER COMPENSATION CLAIMED BY ANY BROKER OR AGENT CLAIMING THE SAME
BY, THROUGH OR UNDER THE INDEMNIFYING PARTY, OTHER THAN THE BROKER(S)
SPECIFICALLY IDENTIFIED ABOVE. 

 F. Authority; Joint and Several Liability. Landlord covenants, warrants and represents that
each individual executing, attesting and/or delivering this Lease on behalf of Landlord is authorized to do so on behalf of Landlord, this Lease is binding upon and enforceable against Landlord, and Landlord is duly organized and legally existing in
the state of its organization and is qualified to do business in the state in which the Premises are located. Similarly, Tenant covenants, warrants and represents that each individual executing, attesting and/or delivering this Lease on behalf of
Tenant is authorized to do so on behalf of Tenant, this Lease is binding upon and enforceable against Tenant; and Tenant is duly organized and legally existing in the state of its organization and is qualified to do business in the state in which
the Premises are located. If there is more than one Tenant, or if Tenant is comprised of more than one party or entity, the obligations imposed upon Tenant shall be joint and several obligations of all the parties and entities. Notices, payments and
agreements given or made by, with or to any one person or entity shall be deemed to have been given or made by, with and to all of them. 
 G. Time is of the Essence; Relationship; Successors and Assigns. Time is of the essence with respect to Tenant’s performance of its obligations and the exercise of any expansion, renewal or extension rights or other
options granted to Tenant. This Lease shall create only the relationship of landlord and tenant between the parties, and not a partnership, joint venture or any other relationship. This Lease and the covenants and conditions in this Lease shall
inure only to the benefit of and be binding only upon Landlord and Tenant and their permitted successors and assigns. 
 H. Survival of
Obligations. The expiration of the Term, whether by lapse of time or otherwise, shall not relieve either party of any obligations which accrued prior to or which may continue to accrue after the expiration or early termination of this Lease.
Without limiting the scope of the prior sentence, it is agreed that Tenant’s obligations under Sections 4.A, 4.B, and 4.C, and under Articles 6, 8, 12, 13, 19, 24, 29 and 30 shall survive the expiration or early
termination of this Lease. 
 I. Binding Effect. Landlord has delivered a copy of this Lease to Tenant for Tenant’s review
only, and the delivery of it does not constitute an offer to Tenant or an option. This Lease shall not be effective against any party hereto until an original copy of this Lease has been signed by such party and delivered to the other party.

 J. Full Agreement; Amendments. This Lease contains the parties’ entire agreement regarding the subject matter hereof.
All understandings, discussions, and agreements previously made between the parties, written or oral, are superseded by this Lease, and neither party is relying upon any warranty, statement or representation not contained in this Lease. This Lease
may be modified only by a written agreement signed by Landlord and Tenant. The exhibits and riders attached hereto are incorporated herein and made a part of this Lease for all purposes. 
 K. Tax Waiver. Tenant waives all rights pursuant to all Laws to contest any taxes or other levies or protest appraised values or receive
notice of reappraisal regarding the Property (including Landlord’s personalty), irrespective of whether Landlord contests same. 
 L.
Letters of Credit. 
 (1) In order to guarantee the obligations of Tenant under this Lease, Tenant shall deliver to
Landlord within 5 days after the Effective Date an irrevocable, unconditional letter of credit in the amount of $300,000.00 (the “Basic Letter of Credit”). The Basic Letter of Credit shall be addressed to
Landlord (and/or any other beneficiary designated by Landlord), issued in a form and substance similar to that attached as Exhibit E and by a financial institution approved by Landlord, in Landlord’s sole discretion, and shall be
transferable one or more times by Landlord without the consent of Tenant. In the event that the term of the Basic Letter of Credit obtained by Tenant is less than the thirty month period following the Commencement Date (the “Basic
Letter of Credit Term”), Tenant shall provide to Landlord, sixty (60) days prior to the expiration of the Basic Letter of Credit Term, a substitute Basic Letter of Credit, in form, scope, and substance satisfactory to
Landlord, all in its sole discretion, for the duration of the Basic Letter of Credit Term. 

 (2) In order to guarantee the obligations of Tenant under Section 3(B) of
Exhibit D of this Lease, Tenant shall deliver to Landlord upon the submission of its notice to use the Special Leasehold Allowance, as defined in Exhibit D, an irrevocable, unconditional letter of credit in the amount of
the Special Leasehold Allowance Tenant elects to use (the “Additional Letter of Credit”). The Additional Letter of Credit shall be addressed to Landlord (and/or any other beneficiary designated by Landlord),
issued in a form and substance similar to that attached as Exhibit E and by a financial institution approved by Landlord, in Landlord’s sole discretion, and shall be transferable one or more times by Landlord without the consent
of Tenant. On each anniversary of issuing the original Additional Letter of Credit, the required amount of the Additional Letter of Credit shall be reduced by the sum of amortized payments received by Landlord in repayment of the Special Leasehold
Allowance pursuant to Section 3(B) of Exhibit D. In the event that the term of the Additional Letter of Credit obtained by Tenant is less than the Term of this Lease, Tenant shall provide to Landlord, sixty (60) days
prior to the expiration of the term of the Additional Letter of Credit, a substitute Additional Letter of Credit, in form, scope, and substance satisfactory to Landlord, all in its sole discretion, for the duration of the initial Lease Term.

 (3) The bank issuing the Basic Letter of Credit or Additional Letter of Credit (collectively “Letters of
Credit”) shall have banking offices in the city in which the Building is located, at which offices the Letters of Credit may be drawn. Tenant agrees that upon any default by Tenant under the terms and provisions of this Lease,
including the failure of Tenant to timely deliver any replacement Letters of Credit (which failure shall constitute a Time Sensitive Default hereunder), Landlord shall have the right to receive payment under any Letters of Credit of the entire
amount of such Letters of Credit at such time, and any such amounts received by Landlord shall be held by Landlord and applied in accordance with this Lease in the same manner as a Security Deposit. Landlord shall at all times during the Term
specified above, hold a letter of credit in the amounts described above. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 Landlord and Tenant have executed this Lease as of the Effective Date specified below Landlord’s
signature. Landlord and Tenant each acknowledge, by their signatures below, that they specifically negotiated and agreed to the terms of Section 13.D regarding waiving immunity under the Washington State Industrial Insurance Act.

  

							
	LANDLORD:
	
	 CRESCENT REAL ESTATE FUNDING VIII,
 L.P., a
Delaware limited partnership

		
	By:	 	 CRE Management VIII, LLC,
 a Delaware limited
liability company,
 its general partner

			
		 	By:	 	 Crescent Real Estate Equities, Ltd.,
 a
Delaware corporation,
 its manager

				
		 		 	By:	 	 /s/ Michael S. Lewis

		 		 	Name:	 	Michael S. Lewis
		 		 	Title:	 	 Senior Vice President,
 Leasing &
Marketing

	
	Effective Date: April 27, 2005
	
	TENANT:
	
	 PAR3 COMMUNICATIONS, INC.,
 a Washington
corporation

		
	By:	 	 /s/ Michael Quan

	Name:	 	Michael Quan
	Title:	 	Vice President, Finance & Administration

 RIDER NO. 1 
 OPTION TO EXTEND 
 A. Renewal Period. Tenant may, at its option, extend the Term for one renewal period
of five years (the “Renewal Period”) by written notice to Landlord (the “Renewal Notice”) given no earlier than 12 nor later than 9 months prior to the expiration of the
Term, provided that at the time of such notice and at the commencement of such Renewal Period, (i) Tenant remains in occupancy of the Premises, and (ii) no uncured event of default exists under the Lease. The Base Rent payable during the
Renewal Period shall be the Market Rental Rate for the Premises. However, in no event shall the Base Rent for the Renewal Period be less than the Base Rent during the last year of the Term. Except as provided in this Rider No. 1,
all terms and conditions of the Lease shall continue to apply during the Renewal Period. 
 B. Acceptance. Within 30 days of the Renewal
Notice, Landlord shall notify Tenant of the Base Rent for such Renewal Period (the “Rental Notice”). Tenant may accept the terms set forth in the Rental Notice by written notice (the
“Acceptance Notice”) to Landlord given within 15 days after receipt of the Rental Notice. If Tenant timely delivers its Acceptance Notice, Tenant shall, within 15 days after receipt, execute a lease amendment
confirming the Base Rent and other terms applicable during the Renewal Period. If Tenant fails timely (i) to deliver its Acceptance Notice or (ii) to execute and return the required lease amendment, then this Option to Extend shall
automatically expire and be of no further force or effect. In addition, this Option to Extend shall, other than in connection with a Permitted Transfer, terminate upon assignment of this Lease or subletting of all or any part of the Premises.

 C. Market Rental Rate. The “Market Rental Rate” is the rate (or rates) a willing tenant would pay and
a willing landlord would accept for a comparable transaction (e.g., renewal, expansion, relocation, etc., as applicable, in comparable space and in a comparable building) as of the commencement date of the applicable term, neither being under any
compulsion to lease and both having reasonable knowledge of the relevant facts, considering the highest and most profitable use if offered for lease in the open market with a reasonable period of time in which to consummate a transaction. In
calculating the Market Rental Rate, all relevant factors will be taken into account, including the location and quality of the Building, lease term, amenities of the Property, condition of the space and any concessions and allowances commonly being
offered by Landlord for comparable transactions in the Property. The parties agree that the best evidence of the Market Rental Rate will be the rate then charged for comparable transactions in the Property. 

 RIDER NO. 2 
 OPTION TO EXPAND 
 A. Expansion Space. Tenant
shall have the option to lease a minimum of 7,500 Rentable Square Feet on the 8th floor of the Building, up to the entire 8th floor (the “Expansion Space”), for a term commencing October 1, 2007 (the “Expansion Space Commencement Date”) and continuing
through the expiration or earlier termination of the Term (as it may be extended or renewed); provided that (i) Tenant gives Landlord written notice (the “Expansion Notice”) no later than January 31, 2007 specifying
the amount of Expansion Space it desires to lease; (ii) no uncured event of default exists under the Lease at the time of such Expansion Notice or the Expansion Space Commencement Date; (iii) Tenant remains in occupancy of the entire
Premises; and (iv) the Expansion Space is not subject to an expansion option, right of first refusal, preferential right or similar obligation existing under any other tenant lease for the Property as of the Effective Date. The Base Rent
payable for the Expansion Space shall be at the Market Rental Rate (defined in Paragraph C of Rider No. 1) for comparable space in the Building as of the Expansion Space Commencement Date, including any projected rate
increases over the expansion term and any tenant improvement allowance. If Tenant elects to lease less than the entire floor, then Landlord shall have the right to determine the location of the Expansion Space within the 8th floor. This Option to Expand shall terminate upon relocation of the Premises, and except for a Permitted Transfer, assignment of this Lease or subletting of
all or any part of the Premises. 
 B. Acceptance. Within 30 days of receipt of the Expansion Notice, Landlord shall
notify Tenant of the Base Rent and other applicable terms for the Expansion Space (the “Rental Notice”). Tenant may accept the terms set forth in the Rental Notice by written notice (the “Acceptance
Notice”) to Landlord given within 15 days after receipt of the Rental Notice. If Tenant timely delivers its Acceptance Notice, Tenant shall, within 15 days after Landlord’s written request, execute and return a lease amendment
adding the Expansion Space as part of the Premises for all purposes under the Lease (including any extensions or renewals) effective as of the Expansion Space Commencement Date and confirming the Base Rent and other terms applicable to the Expansion
Space. Such lease amendment shall, if applicable, contain a construction agreement using Landlord’s then-current form setting forth the schedule and other terms and obligations of the parties regarding the construction of any leasehold
improvements in the Expansion Space. If Tenant fails timely to (i) deliver its Acceptance Notice or (ii) execute and return the required lease amendment, then this Option to Expand shall automatically expire and be of no further force or
effect. 
 C. Tender of Possession. Landlord may, at its option, tender possession of the Expansion Space on any date within 6 months prior to
or after the specified Expansion Space Commencement Date, in which event such Expansion Space Commencement Date shall be amended to be the date such possession is actually tendered. Landlord shall not be liable for any delay or failure to tender
possession of the Expansion Space by the anticipated Expansion Space Commencement Date for any reason, including by reason of any holdover tenant or occupant, nor shall such failure invalidate the Lease or extend the Term. 
 D. Condition of Premises. The Expansion Space shall be tendered in an “as-is” condition, and unless otherwise agreed, broom clean and free of
debris and personal property of Landlord or any prior tenant. However, any required leasehold improvements to the Expansion Space shall be constructed in accordance with the construction agreement (if any) attached to the applicable lease amendment.
Any allowances shall be prorated for any delays in the Expansion Space Commencement Date, taking into account the economic assumptions underlying the terms in the Rental Notice. 

 RIDER NO. 3 
 PREFERENTIAL RIGHT TO LEASE 
 A. Preferential Right To
Lease. So long as twenty-four months remain in the initial Term, Tenant shall have a Preferential Right to Lease an undetermined amount of contiguous Rentable Square Footage on the 11th floor of the Building (the “Preferential Space”), at such time as such space becomes Available (as defined below) for direct lease to a new tenant (whether
or not a bona fide offer has been made); provided no uncured event of default exists under the Lease and Tenant remains in occupancy of the entire Premises. The Preferential Space shall be deemed “Available” at such time as
Landlord decides to offer the Preferential Space for lease and such space is no longer any of the following: (i) leased or occupied; (ii) assigned or subleased by the then-current tenant of the space; (iii) re-leased by the
then-current tenant of the space by renewal, extension or renegotiation (whether agreed to prior to or after the Effective Date); or (iv) subject to an expansion option, right of first refusal, preferential right or similar obligation existing
under any other tenant leases for the Property as of the Effective Date. This Preferential Right to Lease shall terminate upon relocation of the Premises to another building or upon any Transfer, other than a Permitted Transfer, as defined in the
Lease. 
 B. Acceptance. Prior to leasing the Preferential Space to a new tenant, Landlord shall first offer such space in writing to
Tenant specifying the amount and location of such space, the anticipated date of tender of possession, the rental rate based on the Market Rental Rate (defined in Paragraph C of Rider No. 1) for comparable space in the
Property as of the anticipated Preferential Space Commencement Date (as defined below), including any projected rate increases over the applicable term, and other applicable terms (the “Preferential Rental Notice”). Tenant
shall have ten (10) days within which to accept or reject such offer. If Tenant accepts Landlord’s offer, Tenant shall, within 15 days after Landlord’s written request, execute and return a lease amendment adding the Preferential
Space to the Premises for all purposes under the Lease (including any extensions or renewals) and confirming the Base Rent and other applicable terms specified in the Preferential Rental Notice. Such lease amendment may, if applicable, contain a
construction agreement using Landlord’s then-current form setting forth the schedule and other terms and obligations of the parties regarding the construction of any leasehold improvements in the Preferential Space. If Tenant rejects such offer
or fails timely to (i) accept such offer or (ii) execute and return the required lease amendment, then this Preferential Right to Lease shall lapse and be of no further force and effect. In such event, Landlord shall be relieved of any
future obligations hereunder and may thereafter lease all or part of the Preferential Space to any party without further notice or obligation to Tenant. 
 C. Tender of Possession. The Preferential Space shall be leased for the period commencing upon Landlord’s tender of possession of the Preferential Space in accordance with Landlord’s offer and this Rider (the
“Preferential Space Commencement Date”) and continuing through the expiration or earlier termination of the Term, as it may be extended or renewed. Landlord shall not be liable for any delay or failure to tender possession of
the Preferential Space by the anticipated tender date for any reason, including by reason of any holdover tenant or occupant, nor shall such failure invalidate the Lease or extend the Term. 
 D. Condition of Premises. The Preferential Space shall be tendered in an “as-is” condition, and unless otherwise agreed, broom clean and free of
debris and personal property of Landlord or any prior tenant. However, all leasehold improvements shall be constructed in the Preferential Space in accordance with the construction agreement (if any) attached to the applicable lease amendment. Any
allowances shall be prorated for any delays in the Preferential Space Commencement Date, taking into account the economic assumptions underlying the terms in the Preferential Rental Notice. 

 THIS FIRST AMENDMENT TO OFFICE LEASE (this “First Amendment”) is entered into by
and between CRESCENT REAL ESTATE FUNDING VIII, L.P., a Delaware limited partnership (“Landlord”), and PAR3 COMMUNICATIONS, INC., a Washington corporation (“Tenant”), and shall be
effective as of the date set forth below Landlord’s signature (the “Effective Date”). 
 RECITALS: 
 A. Landlord and Tenant
executed that certain Office Lease dated April 27, 2005 (the “Original Lease”), covering certain space designated as Suite 1000, the Rentable Square Footage of which is 30,712 square feet (the “Original
Premises”), located on the 9th and 10th floors
of an office building commonly known as the Exchange Building, and located at 821 Second Avenue, Seattle, Washington (the “Building”). The “Lease” is the Original Lease as modified by this First
Amendment. 
 B. Tenant needs additional space and Landlord is willing and able to accommodate Tenant’s
requirements on the terms and conditions set out in this First Amendment. 
 C. Landlord and Tenant desire to amend and modify the
Lease in certain respects as provided herein. Unless otherwise expressly provided in this First Amendment, capitalized terms shall have the same meanings as designated in the Lease. 
 AGREEMENT: 
 In consideration of the sum of Ten Dollars
($10.00), the mutual covenants and agreements contained herein and in the Lease, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, Landlord and Tenant amend and modify the Lease as follows:

 FIRST EXPANSION
SPACE. Commencing on October 1, 2006 (the “First Expansion Space Commencement Date”), Landlord leases to Tenant and Tenant leases from Landlord an
additional approximately 7,403 Rentable Square Feet (the “First Expansion Space”) located on the 13th floor of the Building as
shown on the attached Exhibit “A-1”. The “First Expansion Space Term” commences upon the First Expansion Space Commencement Date and expires on the Second Expansion Space Commencement Date (defined
below) and estimated to be December 31, 2007. During the First Expansion Space Term, the term “Premises” as used in the Lease, shall include 38,115 Rentable Square Feet, being the sum of the Rentable Square
Feet of the Original Premises plus the First Expansion Space. The lease of the First Expansion Space is subject to all of the terms and conditions of the Lease. 
 SECOND EXPANSION
SPACE. Commencing upon Substantial Completion of the Second Expansion Space Work, as both terms are defined in the Work Letter attached as Exhibit “B” (the
“Second Expansion Space Commencement Date”), Landlord leases to Tenant and Tenant leases from Landlord an additional approximately 15,356 Rentable Square Feet (the “Second Expansion Space”) located on
the 8th floor of the Building as shown on the attached Exhibit “A-2”. Subject to Tenant’s compliance with the provisions in
Paragraph 0 below, commencing upon the Second Expansion Space Commencement Date, the term “Premises” as used in the Lease, shall include 46,068 Rentable Square Feet, being the sum of the Rentable Square Feet of the
Original Premises plus the Second Expansion Space. The lease of the Second Expansion Space is subject to all of the terms and conditions of the Lease. 
 SURRENDER OF THE FIRST EXPANSION SPACE. Tenant shall surrender the
First Expansion Space in accordance with the terms of the Lease on or before the Second Expansion Space Commencement Date. 
 TERM. The Lease currently provides that the Term will expire on June 30, 2012. The Lease Term is extended so as to expire on June 30, 2013 (the
“Expiration Date”), subject to earlier termination as provided in the Lease. 
 BASE
RENT.  
 First Expansion Space. Commencing upon the First Expansion Space Commencement
Date and continuing throughout the First Expansion Space Term, the Base Rent due and payable for the First Expansion Space shall be in the following amounts: 
  

									
	 Period
	  	Annual Rate
Per Square Foot	  	Monthly
Base Rent	  	RSF
	 10/01/06 – 06/30/07
	  	$	0.00	  	$	0.00	  	7,403
	 07/01/07 – SESCD
	  	$	26.00	  	$	16,039.83	  	7,403

 SESCD = Second Expansion Space Commencement Date 

 Second Expansion Space. Commencing upon the Second Expansion Space Commencement Date and
continuing during the remainder of the Term, Base Rent due and payable for the Second Expansion Space shall be in the following amounts: 
  

									
	 Period
	  	Annual Rate
Per Square Foot	  	Monthly
Base Rent*	  	RSF*
	 SESCD – 06/30/08
	  	$	26.00	  	$	22,438.00	  	10,356
	 07/01/08 – 12/31/08
	  	$	27.00	  	$	28,926.00	  	12,856
	 01/01/09 – 06/30/09
	  	$	27.00	  	$	34,551.00	  	15,356
	 07/01/09 – 06/30/10
	  	$	28.00	  	$	35,830.67	  	15,356
	 07/01/10 – 06/30/11
	  	$	29.00	  	$	37,110.33	  	15,356
	 07/01/11 – 06/30/12
	  	$	30.00	  	$	38,390.00	  	15,356
	 07/01/12 – ED
	  	$	31.00	  	$	39,669.67	  	15,356

 SESCD = Second Expansion Space Commencement Date 
 ED = Expiration Date 

	*	Amounts shown are minimum; actual Rentable Square Feet and corresponding Monthly Base Rent will be adjusted according to Tenant exercising its rights pursuant to Paragraph 0
below. 

 Original Premises. Through and including June 30, 2012, Tenant shall continue to pay Base Rent for
the Original Premises as currently set forth in the Original Lease. Commencing upon July 1, 2012, the Base Rent due and payable for the Original Premises shall be as follows: 
  

									
	 Period
	  	Annual Rate
Per Square Foot	  	Monthly
Base Rent	  	RSF
	 07/01/12 – 06/30/13
	  	$	31.00	  	$	79,339.33	  	30,712

 General. All Rent shall be payable in accordance with the terms and provisions of
the Lease. 
 SPACE POCKET.  
 Initial Space Pocket. Tenant shall have the right to designate up to 5,000 Rentable Square Feet within the Second Expansion Space as
the “Space Pocket” until the earlier of (a) the first date Tenant actually uses any portion of the First Space Pocket for business operations, or (b) six months after the Second Expansion Space
Commencement Date. 
 Reduction of Space Pocket. Commencing six months after the Second Expansion Space Commencement Date, if
any of the Space Pocket is still not being used for business operations, it must be reduced to a maximum of 2,500 Rentable Square Feet within the Second Expansion Space. Any amount of the Space Pocket in excess of 2,500 Rentable Square Feet will
become part of the Second Expansion Space for all purposes. The reduced Space Pocket will continue in effect until the earlier of (c) the first date Tenant actually uses any portion of the remaining Space Pocket for business operations, or
(d) twelve months after the Second Expansion Space Commencement Date. 
 Rent on Space Pocket. The Rentable Square Feet in
the Space Pocket will not be included in calculating Base Rent, as indicated in Paragraph 0 above, or Tenant’s Pro Rata Share of Operating Expenses. While the Space Pocket is not being used for business purposes prior to the applicable
dates above, Tenant will not pay Rent on the Space Pocket, but the Space Pocket will be considered part of the Premises for all other purposes, subject to this Paragraph. 
 BASE YEAR. Notwithstanding anything in the Lease to the contrary, the Base Year for the purposes of calculating Operating
Expenses pertaining to the First Expansion Space and the Second Expansion Space shall be the 2007 calendar year. 
 LEASEHOLD IMPROVEMENTS. Tenant accepts the First Expansion Space and Second Expansion Space in their “as is” condition, and Landlord makes no
representations or warranties whatsoever with respect thereto. However, provided no event of default has occurred, Landlord agrees to construct, or cause to be constructed, leasehold improvements in and upon the First Expansion Space and the Second
Expansion Space in accordance with the Work Letter attached as Exhibit “B”. 
 RIDERS
TO LEASE. Rider No. 2 and Rider No. 3 are deleted in their entirety from the Lease and in their place Tenant shall have
(2) the Preferential Right to Lease set forth in the attached Rider No. 2, and (3) the Option to Expand set forth in the attached Rider No 3. 
 BROKER. Tenant represents and warrants that no broker or agent has represented
Tenant in connection with this First Amendment, other than Washington Partners, Inc. TENANT SHALL INDEMNIFY AND DEFEND THE LANDLORD
PARTIES AGAINST ALL CLAIMS FOR REAL ESTATE COMMISSIONS OR FEES IN
CONNECTION WITH THIS FIRST AMENDMENT MADE BY ANY PARTY CLAIMING THROUGH
TENANT, OTHER THAN THE WASHINGTON PARTNERS, INC. 

 TIME OF THE
ESSENCE. Time is of the essence with respect to Tenant’s execution and delivery of this First Amendment to Landlord. If Tenant fails to execute and deliver a signed copy of this
First Amendment to Landlord by 5:00 p.m. (in the city in which the Premises is located), on September 14, 2006, it shall be deemed null and void and shall have no force or effect, unless otherwise agreed in writing by Landlord. Landlord’s
acceptance, execution and return of this document shall constitute Landlord’s agreement to waive Tenant’s failure to meet the foregoing deadline. 
 MISCELLANEOUS. This First Amendment shall become effective only upon full execution and delivery of this First Amendment by Landlord and Tenant.
This First Amendment contains the parties’ entire agreement regarding the subject matter covered by this First Amendment, and supersedes all prior correspondence, negotiations, and agreements, if any, whether oral or written, between the
parties concerning such subject matter. There are no contemporaneous oral agreements, and there are no representations or warranties between the parties not contained in this First Amendment. All exhibits referenced in this First Amendment are
incorporated by reference and made a part hereof for all purposes. Except as modified by this First Amendment, the terms and provisions of the Lease shall remain in full force and effect, and the Original Lease, as modified by this First Amendment,
shall be binding upon and shall inure to the benefit of the parties hereto, their successors and permitted assigns. 
 RATIFICATION. Tenant ratifies and confirms its obligations under the Lease and represents and warrants to Landlord that it has no defenses thereto. Additionally,
Tenant further confirms and ratifies that, as of the date hereof, (4) the Lease is and remains in good standing and full force and effect, and (5) Tenant has no claims, counterclaims, set-offs or defenses against Landlord arising out of
the Lease or in any way relating thereto or arising out of any other transaction between Landlord and Tenant. 
 Remainder of page
intentionally left blank. 

 Landlord and Tenant enter into this First Amendment as of the Effective Date specified below Landlord’s signature.

  

							
	 LANDLORD:
	  	TENANT:
		
	 CRESCENT REAL ESTATE FUNDING VIII, L.P.,
 a
Delaware limited partnership
	  	 PAR3 COMMUNICATIONS, INC.,
 a Washington
corporation

													
					
	 By:
	 	 CRE Management VIII, LLC,
 a Delaware
limited liability company,
 its general partner
	 		 	By:	 	 /s/ Michael Quan

		 		 		 	Name:	 	Michael Quan
		 		 		 	 Title:
	 	Vice President, Finance & Administration
		 	 By:
	 	 Crescent Real Estate Equities, Ltd.,
 a
Delaware corporation,
 its manager
	 		 		 	
							
		 		 	 By:
	 	 /s/ John L. Zogg, Jr.
	 		 		 	
		 		 	 Name:
	 	John L. Zogg, Jr.	 		 		 	
		 		 	 Title:
	 	Managing Director, Asset Management and Leasing	 		 		 	

 Effective Date: October 11, 2006 

 THIS SECOND AMENDMENT TO OFFICE LEASE (this “Second Amendment”) is entered into
by and between CRESCENT REAL ESTATE FUNDING VIII, L.P., a Delaware limited partnership (“Landlord”), and PAR3 COMMUNICATIONS, INC., a Washington corporation (“Tenant”), and shall be
effective as of the date set forth below Landlord’s signature (the “Effective Date”). 
 RECITALS: 
 A. Landlord and Tenant
executed that certain Office Lease dated April 27, 2005 (the “Original Lease”), covering certain space designated as Suite 1000, the Rentable Square Footage of which is 30,712 square feet (the “Original
Premises”), located on the 9th and 10th floors
of an office building commonly known as the Exchange Building, and located at 821 Second Avenue, Seattle, Washington (the “Building”). 
 B. The Original Lease has been amended by that certain First Amendment to Office Lease
dated October 11, 2006 (the “First Amendment”), pursuant to which the Original Premises was temporarily expanded to include 7,403 Rentable Square Feet on the 13th floor of the Building (the “First Expansion Space”) which is eventually to be replaced by 15,356 Rentable Square Feet on the 8th floor of the Building (the “Second Expansion Space”). 
 C. The Original Lease, as modified by the First Amendment is hereinafter collectively referred to as the “Lease”. The Original Premises as temporarily expanded by the First Expansion
Space (the “Premises”) collectively consists of 38,115 Rentable Square Feet. 
 D. Landlord and Tenant desire
to amend and modify the Lease in certain respects as provided herein. Unless otherwise expressly provided in this Second Amendment, capitalized terms shall have the same meanings as designated in the Lease. 
 AGREEMENT: 
 In
consideration of the sum of Ten Dollars ($10.00), the mutual covenants and agreements contained herein and in the Lease, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, Landlord and Tenant amend
and modify the Lease as follows: 
 BASIC LETTER OF
CREDIT. As of the Effective Date, the Basic Letter of Credit Term, as set forth in Subparagraph 31.L of the Lease, is amended so as to expire on December 31, 2009. 
 SECURITY DEPOSIT. As of the Effective Date, Article 6 of the Lease is amended to
provide that upon the expiration of the Basic Letter of Credit Term, Tenant shall deliver to Landlord a Security Deposit in the amount of $200,000.00. 
 BROKER. Tenant represents and warrants that no broker or agent has represented Tenant in connection with this Second Amendment. TENANT SHALL
INDEMNIFY AND DEFEND THE LANDLORD PARTIES AGAINST ALL CLAIMS FOR REAL
ESTATE COMMISSIONS OR FEES IN CONNECTION WITH THIS SECOND AMENDMENT MADE
BY ANY PARTY CLAIMING THROUGH TENANT. 
 TIME OF THE ESSENCE. Time is of the essence with respect to Tenant’s execution and delivery of this Second Amendment to Landlord. If Tenant fails
to execute and deliver a signed copy of this Second Amendment to Landlord by 5:00 p.m. (in the city in which the Premises is located), on October 31, 2006, it shall be deemed null and void and shall have no force or effect, unless otherwise
agreed in writing by Landlord. Landlord’s acceptance, execution and return of this document shall constitute Landlord’s agreement to waive Tenant’s failure to meet the foregoing deadline. 
 MISCELLANEOUS. This Second Amendment shall become effective only upon full execution and delivery of this
Second Amendment by Landlord and Tenant. This Second Amendment contains the parties’ entire agreement regarding the subject matter covered by this Second Amendment, and supersedes all prior correspondence, negotiations, and agreements, if any,
whether oral or written, between the parties concerning such subject matter. There are no contemporaneous oral agreements, and there are no representations or warranties between the parties not contained in the Lease as modified by this Second
Amendment. Except as modified by this Second Amendment, the terms and provisions of the Lease shall remain in full force and effect, and the Lease, as modified by this Second Amendment, shall be binding upon and shall inure to the benefit of the
parties hereto, their successors and permitted assigns. 
 RATIFICATION. Tenant ratifies and
confirms its obligations under the Lease, as modified by this Second Amendment, and represents and warrants to Landlord that it has no defenses thereto. Additionally, Tenant further confirms and ratifies that, as of the date hereof, (1) the
Lease, as modified by this Second Amendment, is and remains in good standing and full force and effect, and (2) Tenant has no claims, counterclaims, set-offs or defenses against Landlord arising out of the Lease, as amended, or in any way
relating thereto or arising out of any other transaction between Landlord and Tenant. 

 Remainder of page intentionally left blank. 

 Landlord and Tenant enter into this First Amendment as of the Effective Date specified below Landlord’s signature.

  

							
	 LANDLORD:
	  	TENANT:
		
	 CRESCENT REAL ESTATE FUNDING VIII, L.P.,
 a
Delaware limited partnership
	  	 PAR3 COMMUNICATIONS, INC.,
 a Washington
corporation

													
					
	 By:
	 	 CRE Management VIII, LLC,
 a Delaware
limited liability company,
 its general partner
	 		 	By:	 	 /s/ Michael Quan

		 		 		 	Name:	 	Michael Quan
		 		 		 	 Title:
	 	Vice President, Finance & Administration
		 	 By:
	 	 Crescent Real Estate Equities, Ltd.,
 a
Delaware corporation,
 its manager
	 		 		 	
							
		 		 	 By:
	 	 /s/ John L. Zogg, Jr.
	 		 		 	
		 		 	 Name:
	 	John L. Zogg, Jr.	 		 		 	
		 		 	 Title:
	 	Managing Director, Asset Management and Leasing	 		 		 	

 Effective Date: October 24, 2006

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]