Document:

Exhibit
10.4

 

NSP
HOLDINGS L.L.C.

UNIT APPRECIATION RIGHTS PLAN

 

Article 1

 

Purpose of Plan

 

1.1           Purpose.  The purpose of the Unit Appreciation Rights
Plan is to further the long-term growth in earnings and value of NSP Holdings
L.L.C. and its affiliates by offering long-term incentives in addition to
current compensation to key individuals of NSP Holdings L.L.C.

 

Article 2

 

Definitions

 

Whenever the following terms are used in the NSP
Holdings L.L.C. Unit Appreciation Rights Plan, they shall have the meanings
specified below unless the context clearly indicates to the contrary:

 

2.1           Account
shall mean a bookkeeping account established by the Committee for each
Participant to which the Appreciation Rights attributable to the Designated
Units shall be credited.

 

2.2           Appreciation
Right shall mean a right to an amount equal to the difference between the
Grant Value and the Exit Value (or Market Value upon a Realization Event to the
extent specified in this Unit Appreciation Rights Plan) of a Designated Unit.

 

2.3           Appropriate
Form shall mean the form provided or prescribed by the Committee for the
purpose specified by the Plan.

 

2.4           Beneficiary
shall mean such person or persons or legal entity as may be designated by a
Participant to receive benefits hereunder after such Participant’s death, or,
in the absence of such designation, the personal or legal representative of the
Participant.

 

2.5           Board
shall mean the Board of Managers of the Company.

 

2.6           Committee
shall mean the Management Team as determined by the Board of Managers of the
Company.

 

2.7           Company
shall mean NSP Holdings L.L.C.

 

2.8           Company
Value shall mean the value of the Company as a whole, which will be
determined at the end of each fiscal year according to a formula equal to six
times the prior year’s EBITDA minus debt (average term debt during the year
plus average revolver outstanding during the year) plus average cash (over
necessary working capital).

 

2.9           Designated
Unit shall mean a Unit under which an Appreciation Right has been granted.

 

 

2.10         Disability
or Disabled shall mean the state of being unable to engage in any
substantial gainful activity by reason of any medically determinable physical
or mental impairment which can be expected to result in death or which has
lasted or can be expected to last for a continuous period of not less than 60
months, such Disability to be deemed to exist when so determined by the
Committee, in its sole discretion.

 

2.11         Effective
Date shall mean the date the Plan is effective which is January 1, 1997.

 

2.12         ERISA
shall mean the Employee Retirement Income Security Act of 1974, as amended.

 

2.13         Grant
Value shall be determined at the end of the previous fiscal year as the
Company Value divided by the total number of Units (including but not limited
to Units issued and Units for which options, warrants, appreciation rights or
other equity equivalents have been granted).

 

2.14         Key
Individual shall mean any individual rendering services to the Company who
is designated by the Committee as a Key Individual.

 

2.15         Participant
shall mean any Key Individual who is selected by the Committee for
participation in the Plan.

 

2.16         Plan
shall mean the NSP Holdings L.L.C. Unit Appreciation Rights Plan.

 

2.17         Plan
Year shall mean the 12 consecutive month period ended December 31st,
including periods prior to the date on which the Plan was adopted.

 

2.18         Realization
Event.  A Realization Event shall
mean a sale of the Company or an initial public offering (IPO).

 

2.19         Retirement
Date shall mean the first day of the month coincident with or immediately
following the date on which a Participant attains age 65.

 

2.20         Separation
Date shall be the date on which a Participant’s service with the Company is
terminated (whether on account of retirement, death, Disability, discharge, or
voluntary separation).

 

2.21         Unit
shall mean a Common Unit of NSP Holdings L.L.C.

 

2.22         Valuation
Date shall mean the last day of each Plan Year and such other dates as the
Committee may determine.

 

Article 3

 

Eligibility and
Participation

 

3.1           Eligibility.  Any Key Individual is e1igible to
participate in the Plan.

 

2

 

3.2           Participation.  The Committee, in its sole discretion, shall
select those Key Individuals who are to participate in the Plan.  A Key Individual shall become a Participant
on the date he is notified by the Committee of his selection to participate
under the Plan.  After a Key Individual
becomes a Participant in the Plan, his active participation shall continue
until his Separation Date.

 

Article 4

 

Establishment of Accounts and Determination,

 

Allocation and Crediting of Units

 

4.1           Accounts.  The Committee shall establish and maintain,
or cause to be maintained, a separate Account for each Participant.  The Committee shall also maintain or cause
to be maintained, a record of the Appreciation Rights credited and debited to
each Participant’s Account.

 

4.2           Determination
of Designated Units.  As of the
Effective Date, the number of Appreciation Rights granted and to be granted are
reflected on Appendix A.

 

4.3           Allocation
of Appreciation Rights.  Following
the end of each fiscal year, the Committee shall present recommendations for
new grants of Appreciation Rights and the Board will allocate the Appreciation
Rights authorized by it for such fiscal year among Participants.  All Appreciation Rights shall be allocated
as of the first day of the Plan Year.

 

Article 5

 

Vesting

 

5.1           Regular
Vesting.  Subject to the following
subsections, a Participant’s interest in the Appreciation Rights credited to
his Account shall vest in accordance with the following schedule:

 

	
  Number of Years Since 

  Appreciation Right 

  Was Allocated

  	
   

  	
  Vested

  (Nonforfeitable)

  Percentage

  	
   

  	
  Forfeitable

  Percentage

  	
   

  
	
  1

  	
   

  	
  10

  	
   

  	
  90

  	
   

  
	
  2

  	
   

  	
  30

  	
   

  	
  70

  	
   

  
	
  3

  	
   

  	
  60

  	
   

  	
  40

  	
   

  
	
  4

  	
   

  	
  100

  	
   

  	
  0

  	
   

  

 

 

5.2           Accelerated
Vesting.  A Participant’s interest
in the Appreciation Rights credited to his Account shall be fully vested and
nonforfeitable on the earlier of the following dates:

 

(a)           the date of a
Participant’s death, provided he dies while in the service of the Company; or

 

3

 

(b)           the date of a
Participant’s Disability, provided he becomes Disabled while in the service of
the Company; or

 

(c)           the date of a
Realization Event; or

 

(d)           termination of the
Plan.

 

5.3           Termination
for Cause.  Notwithstanding the
foregoing, all Appreciation Rights (vested or non-vested) shall be forfeited in
the event of a termination for Cause. 
For purposes of this Plan, “Cause” shall be deemed to mean one or more
of the following:  (a) Participant’s
embezzlement or misappropriation of funds, (b) Participant’s conviction of a
felony involving moral turpitude, (c) Participant’s commission of material acts
of dishonesty, fraud, or deceit, (d) Participant’s breach of any material
provisions of any employment or service agreement with the Company to which he
is a party, (e) Participant’s habitual or willful neglect of his duties, (f)
Participant’s breach of fiduciary duty to the Company involving personal
profit, or (g) Participant’s material violation of any other duty to the
Company or its members imposed by law or by the managers.

 

Article 6

 

Distribution of Benefits

 

6.1           Valuation
of Appreciation Rights.

 

(a)           Value
Upon Termination.  Upon a
Participant’s termination of service other than for cause, the Exit Value of
the Appreciation Rights of a Participant will be fixed in value as of the
Participant’s Separation Date.  The Exit
Value will be determined based on a weighted average of the Grant Values for the
preceding 3 years prior to the termination date as follows (the Grant Value for
the years preceding the effective date of the Plan through December 31, 1998
shall be $1.20 per unit and thereafter in accordance with the Plan, but in any
event no less than $5.89 per unit):

 

	
  Number of Years Preceding 

  Termination Date

  	
   

  	
  Weight To
  Be Given

  To Such Year’s Grant

  Value

  	
   

  
	
  1

  	
   

  	
  60

  	
  %

  
	
  2

  	
   

  	
  30

  	
  %

  
	
  3

  	
   

  	
  10

  	
  %

  

 

(b)           Value
Upon Realization Event.

 

(1)           In
the event of an IPO, the value of the Appreciation Rights shall be redeemed in
the form of publicly-traded units or stock.

 

4

 

(2)           In
the event of a sale for cash, notes and/or publicly-traded securities, the
Appreciation Rights shall be redeemed for the same combination of cash, notes
and/or publicly traded securities.

 

(3)           In
the event of a merger in which the Company remains in control, the Appreciation
Rights shall remain in place subject to appropriate dilution.

 

(4)           In
lieu of the foregoing, the Company at its option, upon a Realization Event that
is not a sale for cash, notes and/or publicly-traded securities, may instead
liquidate the Appreciation Rights for cash (i) at the lower of Exit Value or
then Market Value (as measured by the Realization Event) as to rights held by
individuals who had previously terminated, and (ii) at the Market Value derived
by the Realization Event as if all Appreciation Rights were outstanding as to
individuals who had not previously terminated.

 

6.2           Payment
for Appreciation Rights.

 

(a)           Notwithstanding
the Company’s option described in Section 6.2(b) or a Participant’s option
described in Section 6.2(c), payment for the Participant’s vested Appreciation
Rights will be deferred until the occurrence of a Realization Event or the
Participant’s death, Disability or Retirement Date.  Upon such event, the Company will make payment to the Participant
(or the Participant’s Beneficiary if the Participant has died) in the amount of
the lower of (1) the Exit Value (as determined at the time of the Participant’s
termination) or (2) the Market Value derived by the Realization Event as if all
such Appreciation Rights were outstanding.

 

(b)           At
any time following a Participant’s termination of service, the Company shall
have the option to make payment on all vested Appreciation Rights exercisable,
based upon the Exit Value applicable to the particular Designated Units.

 

(c)           Except
as provided in Section 5.3, at any time following a Participant’s termination
of service but before the occurrence of a Realization Event or the
Participant’s death, Disability or Retirement Date, the Participant shall have
the option to receive payment from the Company on all vested Appreciation
Rights exercisable, based upon the Exit Value applicable to the particular
Designated Units.  Upon such request by
a Participant, payment shall be made by the Company within ninety (90) days of
such request, unless the amount to be paid exceeds $500,000 in which case
payment shall be made within one year of such request.

 

6.3           Realization
Event.  In connection with any
Realization Event, and as a condition to the receipt of any payment of
Appreciation Rights, each Participant shall take all necessary or desirable
actions requested by the Board in connection with such Realization Event,
including without limitation, execution of any and all agreements, documents
and instruments presented to such Board in the form presented to such
Participant.

 

5

 

Article 7

 

Funding

 

7.1           Plan
Unfunded.  Nothing in this Plan
shall be interpreted or construed to require the Company in any manner to fund
any obligation to the Participants hereunder. 
Nothing contained in the Plan nor any action taken hereunder shall
create or be construed to create a trust of any kind, or a fiduciary
relationship between the Company and the Participants, Beneficiaries, or any
other persons.  Any funds which may be
accumulated in order to meet any obligation under this Plan shall for all
purposes continue to be a part of the general funds of the Company, as
applicable, and no person other than the Company, as applicable, shall by
virtue of the provisions of this Plan have any interest in such amounts.  To the extent that any person acquires a
right to receive payment from the Company, such rights shall be no greater than
the rights of any unsecured general creditor of the Company.

 

Article 8

 

Administration

 

8.1           Plan
Administrator.  The Committee shall
be the Plan Administrator.

 

8.2           Powers
and Duties of Committee.  The
Committee shall administer the Plan in accordance with its terms and shall have
all the powers necessary to carry out such terms.  The Committee shall act by a majority of its members at the time
in office, and such action may be taken by a vote at a meeting or in writing
without a meeting.  A member of the
Committee who is a Participant in the Plan shall not vote on any question
relating specifically to such Participant. 
Any such action shall be voted or decided by a majority of the remaining
members of the Committee.  The Committee
may appoint from its members such subcommittees with such powers as the
Committee shall determine.  Either the
Chairman, or a member of the Committee designated by the Chairman, shall
execute any certificate, instrument or other written direction on behalf of the
Committee.  All interpretations of the
Plan, and questions concerning its administration and application, shall be
determined by the Committee, and such determination shall be binding on all
persons except as otherwise expressly provided herein.

 

The Committee may appoint such accountants, counsel,
specialists, and other persons as it deems necessary or desirable in connection
with the administration of the Plan. 
Such accountants and counsel may, but need not, be accountants and
counsel for the Company.

 

The Committee may, pursuant to a written designation,
delegate to any person or entity any of its responsibilities under the Plan.

 

8.3           Determination
of Eligibility of Participants.  The
Committee shall determine the eligibility of Participants in accordance with
the provisions of the Plan.

 

8.4           Records
and Reports.  The Committee and
others to whom the Committee has delegated fiduciary duties shall keep a record
of all their proceedings and actions and shall maintain all such books of
account, records and other data as shall be necessary for the proper
administration of the Plan and to meet the reporting and disclosure
requirements of ERISA 

 

6

 

which are applicable to this Plan. 
The Committee shall maintain records which shall contain all relevant
data pertaining to individual Participants and their rights under the
Plan.  The Committee shall have the duty
to carry into effect all rights or benefits provided hereunder to the extent
Company assets, as applicable are properly available therefor.

 

8.5           Payments
of Expenses.  The Company shall pay
all expenses of administering the Plan. 
Such expenses shall include any expenses incident to the functioning of
those to whom the Committee has delegated fiduciary duties, and those
professionals and other persons appointed by the Committee including, but not
limited to, the payment of professional fees of consultants, and the costs of
administering the Plan.

 

The members of the Committee shall serve without
compensation for their services, but all their expenses shall be paid by the
Company.

 

8.6           Indemnification
for Liability.  The Company shall
indemnify the members of the Committee and other individuals providing services
to the Company to whom the Committee has delegated fiduciary duties against any
ad all claims, losses, damages, expenses and liabilities arising from their
responsibilities in connection with the Plan, unless the same is determined to
be due to gross negligence or willful misconduct.

 

8.7           Agent
for Service of Legal Process.  The
name and address of the person designated for the service of legal process with
respect to the Plan are as follows:

 

	
  Name:

  	
  Robert A. Peterson

  
	
  Address:

  	
  2211 York Road, Suite
  215 

  Oak Brook, IL 60523

  

 

8.8           Claims
Procedure.  Claims for benefits
under the Plan shall be filed with the Committee, on the Appropriate Form
supplied by the Committee.  Written
notice of the disposition of a claim shall be furnished the claimant within
ninety (90) days after the application therefor is filed.  In the event the claim is denied, the
specific reasons for such denial shall be set forth, pertinent provisions of
the Plan shall be cited and, where appropriate, an explanation as to how the
claimant can perfect the claim or submit such claim for review will be
provided.

 

8.9           Claim
Review Procedure.  Any Participant,
former Participant, or Beneficiary of either, who has been denied a benefit
claim, shall be entitled, upon written require to the Committee, to receive a
written notice of such action, together with a full and clear statement of the
reasons for such action.  If the
claimant wishes further consideration of his position, the claimant may obtain
the Appropriate Form from the Committee on which to request a review of his
denied claim.  Such Form, together with
a written statement of the claimant’s position, shall be filed with the
Committee no later than sixty (60) days after receipt of the written
notification provided for above or in Section 8.8.  The Committee shall make its decision within sixty (60) days
after receipt of the claimant’s request for review.

 

7

 

Article 9

 

Amendment and Termination

 

9.1           Amendment
and Termination.  The Board shall
have the right, at any time by an affirmative vote of a majority thereof, to amend
or terminate, in whole or in part, the Plan, provided that such amendment or
termination shall not adversely affect the vested interest of any Participant
under the Plan prior to such amendment or termination.

 

Article 10

 

Miscellaneous Provision

 

10.1         Rights
of Company to Discharge Persons. 
The adoption and maintenance of this Plan shall not be deemed to
constitute a contract between the Company and any person, or to be a
consideration for, or an inducement or condition of, the employment or engagement
of any person.  Nothing herein
contained, nor any action taken hereunder, shall be deemed to give any person
the right to be retained by the Company or to interfere with the right of the
Company to discharge any person at any time, nor shall it be deemed to give the
Company the right to require a person to remain in its service, nor shall it
interfere with person’s right to terminate his employment or service
relationship, respectively, at any time.

 

10.2         Alienation
or Assignment of Benefits.  A
Participant’s rights and interest under the Plan shall not be assigned or
transferred except by will or by the laws of descent and distribution.

 

10.3         Right
to Withhold.  The Company shall have
the right to deduct from all benefit payments hereunder any taxes required by
law to be withheld with respect to such payments.

 

10.4         Gender
and Number.  In interpreting the
Plan, the masculine gender may include the feminine, the neuter gender may
include the masculine or feminine, and the singular may include the plural unless
the context clearly indicates otherwise.

 

10.5         Construction.  All legal questions pertaining to the Plan
shall be determined in accordance with the laws of Illinois except as otherwise
preempted by the law of the United States of America.

 

10.6         Headings.  The headings are for reference only.  In the event of a conflict between a heading
and the context of an Article or Section, the context of the Article or Section
shall control.

 

*    *   
*     *

 

8

 

IN WITNESS WHEREOF, NSP
Holdings L.L.C. has caused this instrument to be duly executed by its proper
officers thereunto duly authorized, under seal, as of this 17 day of
 February, 2000.

 

	
  ATTEST:

  	
   

  	
   

  
	
  /s/ DAVID F. MYERS, JR.

  	
   

  	
  /s/ ROBERT A. PETERSON

  
	
  Secretary

  	
  PresidentExhibit
10.1

 

FIRST AMENDMENT

 

THIS
FIRST AMENDMENT (the “Amendment”) is made and entered into as of
July 20, 2004, by and between MA-NEW
ENGLAND EXECUTIVE PARK, L.L.C., a Delaware limited liability company (“Landlord”) and RADVIEW SOFTWARE INC., a New Jersey corporation (“Tenant”).

 

RECITALS

 

A.                                   Landlord (as successor in interest to EOP-New
England Executive Park, L.L.C., a Delaware limited liability company) and
Tenant are parties to that certain lease dated January 5, 2000, which
lease has been previously amended by a commencement letter dated March 14,
2000 (collectively, the “Lease”).  Pursuant to the Lease, Landlord has leased
to Tenant space currently containing approximately 11,228 rentable square feet (the “Original Premises”) described as Suite No. 140 on the 1st
floor of the building commonly known as 7 New England Executive Park located at
7 New England Executive Park, Burlington, Massachusetts (the “Building”).

 

B.                                     Tenant and Landlord agree to relocate Tenant
from the Original Premises to 4,929
rentable square feet of space described as Suite No. 130 on the 1st
floor of the Building shown on Exhibit A
attached hereto (the “Substitution Space”).

 

C.                                     The Lease by its terms shall expire on
March 31, 2005 (“Prior Termination Date”),
and the parties desire to extend the Term, all on the following terms and
conditions.

 

NOW, THEREFORE, in consideration of the above recitals which by this reference are
incorporated herein, the mutual covenants and conditions contained herein and
other valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Landlord and Tenant agree as follows:

 

1.                                       Substitution.

 

1.01.                        Effective as of the Substitution Effective Date (hereinafter defined),
the Substitution Space is substituted for the Premises and, from and after the
Substitution Effective Date, the Premises, as defined in the Lease, shall be
deemed to mean the Substitution Space containing 4,929 rentable square feet and described as Suite No. 130 on
the 1st floor of the Building.

 

1.02.                        The Term for the Substitution Space shall commence on the Substitution
Effective Date and, unless sooner terminated pursuant to the terms of the
Lease, shall end on the Extended Termination Date (as hereinafter
defined).  The Substitution Space is
subject to all the terms and conditions of the Lease except as expressly
modified herein and except that Tenant shall not be entitled to receive any
allowances, abatements or other financial concessions granted with respect to
the Original Premises unless such concessions are expressly provided for herein
with respect to the Substitution Space. 
Effective as of the Substitution Effective Date, the Lease shall be
terminated with respect to the Original Premises, and, unless otherwise
specified, “Premises” shall mean
the Substitution Space. Tenant shall vacate the Original Premises within 7
Business Days following the Substitution Effective Date (such date that Tenant
is required to vacate the Original Premises being referred to herein as the “Original Premises Vacation Date”) and
return the same to Landlord in “broom clean” condition and otherwise in
accordance with the terms and conditions of the Lease. Notwithstanding anything
to the contrary contained herein, if the Original Premises Vacation Date is
subsequent to the Substitution Effective Date (such period commencing on the
Substitution Effective Date and ending on the Original Premises Vacation Date,
inclusive, is referred to herein as the “Vacation
Period”), then, during the Vacation Period, Tenant shall comply with
all terms and provisions of the Lease with respect to the Original Premises as
though the Original Premises were still deemed part of the Premises hereunder,
except that Tenant shall not be obligated to pay Base Rent or Additional Rent

 

1

 

with
respect to the Original Premises during the Vacation Period.  Following the Vacation Period, to the extent
that Tenant has not vacated the Original Premises, then Tenant’s obligation for
payment of Base Rent or Additional Rent with respect to the Original Premises
shall be determined in accordance with Section 11 hereof.

 

2.                                       Substitution Effective Date.

 

2.01.                        The “Substitution Effective Date”
shall be the later to occur of (i) July 15, 2004 (the “Target Substitution Effective Date”), and
(ii) the date upon which the Landlord Work (as defined in the Work Letter
attached as Exhibit B hereto) in
the Substitution Space has been substantially completed; provided however, that
if Landlord shall be delayed in substantially completing the Landlord work in
the Substitution Space as a result of the occurrence of a Tenant Delay (defined
below), then, for purposes of determining the Substitution Effective Date, the
date of substantial completion shall be deemed to be the day that said Landlord
Work would have been substantially completed absent any such Tenant
Delay(s).  A “Tenant Delay” means any act or omission of Tenant or its
agents, employees, vendors or contractors that actually delays substantial
completion of the Landlord Work, including, without limitation, the following:

 

a.                                       Tenant’s failure to furnish information or
approvals within any time period specified in the Lease or this Amendment,
including the failure to prepare or approve preliminary or final plans by any
applicable due date;

 

b.                                      Tenant’s selection of equipment or materials
that have long lead times after first being informed by Landlord that the
selection may result in a delay;

 

c.                                       Changes requested or made by Tenant to
previously approved plans and specifications;

 

d.                                      The performance of work in the Substitution
Space by Tenant or Tenant’s contractor(s) during the performance of the
Landlord Work; or

 

e.                                       If the performance of any portion of the
Landlord Work depends on the prior or simultaneous performance of work by
Tenant, a delay by Tenant or Tenant’s contractor(s) in the completion of such
work.

 

The
Substitution Space shall be deemed to be substantially completed on the date
that Landlord reasonably determines that all Landlord Work has been performed
(or would have been performed absent any Tenant Delay[s]), other than any
details of construction, mechanical adjustment or any other matter, the
nonperformance of which does not materially interfere with Tenant’s use of the
Substitution Space. Landlord shall use reasonable efforts to notify Tenant
(which notice shall be given in writing or by email, confirmation of receipt
requested, to Tenant’s CFO), of any circumstances of which Landlord is aware
that have caused or may cause a Tenant Delay, so that Tenant may take whatever
action is appropriate to minimize or prevent such Tenant Delay. The adjustment
of the Substitution Effective Date and, accordingly, the postponement of
Tenant’s obligation to pay Rent on the Substitution Space shall be Tenant’s
sole remedy and shall constitute full settlement of all claims that Tenant
might otherwise have against Landlord by reason of the Substitution Space not
being ready for occupancy by Tenant on the Target Substitution Effective Date.
During any period that the Substitution Effective Date is postponed and
Tenant’s obligation to pay Rent for the Substitution Space is correspondingly
postponed, Tenant shall continue to be obligated to pay Rent for the Original
Premises in accordance with the terms of the Lease.  Landlord shall use reasonable efforts to provide Tenant with
advance notice (which shall be given in writing or by email, confirmation of
receipt requested, to Tenant’s CFO) of the estimated Substitution Effective
Date at least 1 week prior to such estimated Substitution Effective Date, but
Landlord’s failure to accurately estimate the Substitution Effective Date shall
in no manner affect the Substitution Effective Date or any other obligations of
Landlord or Tenant hereunder.  Upon final
determination of the Substitution Effective

 

2

 

Date,
Landlord shall notify Tenant in writing (or by email, confirmation of receipt
requested, to Tenant’s CFO) of the actual Substitution Effective Date.  Landlord shall designate a Project Manager
(as the same may change from time to time) to oversee the Landlord Work and
liaise with Tenant with respect to the same and Tenant’s removal from the
Original Premises.  The name and contact
information of the initial Landlord Project Manager shall be set forth in Exhibit B attached hereto.  Such Project Manager shall communicate with
Tenant’s CFO unless and until Tenant designates, and so informs Landlord in
writing (or by email, confirmation of receipt requested, to Landlord’s Project
Manager), of a different Tenant contact.

 

2.02.                        In addition to the postponement, if any, of the Substitution Effective
Date as a result of the applicability of Section 2.01. of this Amendment,
the Substitution Effective Date shall be delayed to the extent that Landlord fails
to deliver possession of the Substitution Space for any other reason (other
than Tenant Delays), including, but not limited to, holding over by prior
occupants.  Any such delay in the
Substitution Effective Date shall not subject Landlord to any liability for any
loss or damage resulting therefrom.

 

2.03.                        Notwithstanding the foregoing, if the Substitution Effective Date has
not occurred on or before the Required Completion Date (defined below), Tenant,
as its sole remedy, may terminate this Amendment by giving Landlord written
notice of termination on or before the earlier to occur of:  (i) 5 Business Days after the Required
Completion Date; and (ii) the Substitution Effective Date.  In such event, this Amendment shall be
deemed null and void and of no further force and effect and Tenant shall
promptly refund any reduction in the Security Deposit (as provided in
Section 6 below) to Landlord, and, so long as Tenant has not previously
defaulted under any of its obligations under the Work Letter, the parties
hereto shall have no further responsibilities or obligations to each other with
respect to this Amendment, provided that Landlord and Tenant shall remain
liable for all obligations under the Lease with respect to the Original
Premises for the period through and including the Prior Termination Date. The “Required Completion Date” shall mean the
date which is 90 days after the later of the date this Amendment is properly
executed and delivered by Tenant, the date all prepaid rental, Security
Deposits and guaranties required under this Amendment are delivered to
Landlord, the date the building permit for the Landlord Work has been obtained,
and, if applicable, the date all contingencies, if any, specified in this
Amendment have been satisfied or waived in writing by Landlord.  Landlord and Tenant acknowledge and agree
that:  (i) the determination of the
Substitution Effective Date shall take into consideration the effect of any Tenant
Delays; and (ii) the Required Completion Date shall be postponed by the number
of days the Substitution Effective Date is delayed due to events of Force
Majeure (as defined in the Lease). 
Notwithstanding anything herein to the contrary, if Landlord determines
in good faith that it will be unable to cause the Substitution Effective Date
to occur by the Required Completion Date, Landlord shall have the right to
immediately cease its performance of the Landlord Work and provide Tenant with
written notice (the “Completion Date
Extension Notice”) of such inability, which Completion Date
Extension Notice shall set forth the date on which Landlord reasonably believes
that the Substitution Effective Date will occur.  Upon receipt of the Completion Date Extension Notice, Tenant
shall have the right to terminate this Amendment by providing written notice of
termination to Landlord within 5 Business Days after the date of the Completion
Date Extension Notice.  If Tenant does
not terminate this Amendment within such 5 Business Day period, the Required Completion
Date automatically shall be amended to be the date set forth in Landlord’s
Completion Date Extension Notice.

 

3.                                       Extension.  The
Term of the Lease is extended and shall terminate on the date (the “Extended Termination Date”) which is the
day before the 5th anniversary of the Substitution Effective Date,
unless sooner terminated in accordance with the terms of the Lease.  That portion of the Term commencing the day
immediately following the Prior Termination Date (“Extension Date”) and ending on the Extended Termination Date
shall be referred to herein as the “Extended
Term”.

 

3

 

4.                                       Base Rent.  As
of the Substitution Effective Date, the schedule of Base Rent payable with
respect to the Premises during the remainder of the current Term and the
Extended Term is the following:

 

	
  Months of Term

  	
   

  	
  Annual
  Rate Per Square Foot

  	
   

  	
  Monthly
  Base Rent

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Substitution Effective Date - Month 24

  	
   

  	
  $

  	
  16.00

  	
   

  	
  $

  	
  6,572.00

  	
   

  
	
  Month 25 - Month 36

  	
   

  	
  $

  	
  17.00

  	
   

  	
  $

  	
  6,982.75

  	
   

  
	
  Month 37 - Month 60

  	
   

  	
  $

  	
  18.00

  	
   

  	
  $

  	
  7,393.50

  	
   

  

 

All
such Base Rent shall be payable by Tenant in accordance with the terms of the
Lease.

 

Landlord
and Tenant acknowledge that the actual Substitution Effective Date shall be set
forth in a confirmation letter to be prepared by Landlord.

 

5.                                       Substitution Payment.  On
or before the Substitution Effective Date, Tenant shall pay to Landlord an
amount (the “Substitution Payment”)
as a fee in connection with the relocation to the Substitution Space and not as
a penalty as follows:

 

a.                                       If the Substitution Effective Date is on or
before August 1, 2004, the Substitution Payment shall be $100,106.18.

 

b.                                      If the Substitution Effective Date is on or
before September 1, 2004, the Substitution Payment shall be $85,895.84.

 

c.                                       If the Substitution Effective Date is on or
before October 1, 2004, the Substitution Payment shall be $71,655.74.

 

d.                                      If the Substitution Effective Date is on or
before November 1, 2004, the Substitution Payment shall be $57,385.62.

 

e.                                       If the Substitution Effective Date is on or
before December 1, 2004, the Substitution Payment shall be $43,085.25.

 

f.                                         If the Substitution Effective Date is on or
before January 1, 2005, the Substitution Payment shall be $28,754.35.

 

g.                                      If the Substitution Effective Date is on or
before February 1, 2005, the Substitution Payment shall be $14,392.69.

 

h.                                      If the Substitution Effective Date is on or
before March 1, 2005, the Substitution Payment shall be $0.00.

 

6.                                       Security Deposit.  Upon
full execution of this Amendment by Landlord and Tenant, the amount of Tenant’s
Security Deposit obligation under Section VI of the Lease shall reduce
from $100,000.00 to $36,712.05. 
Accordingly, subsequent to the full execution of this Amendment by
Landlord and Tenant, Landlord shall return a portion of the Security Deposit to
Tenant in accordance with Section VI of the Lease so that the remaining
Security Deposit held by Landlord shall equal $36,712.50.

 

7.                                       Tenant’s Pro Rata Share.  For
the period commencing with the Substitution Effective Date and ending on the
Extended Termination Date, Tenant’s Pro Rata Share for the Premises is 2.4634%.

 

8.                                       Expenses and Taxes.  For
the period commencing with the Substitution Effective Date and ending on the
Extended Termination Date, Tenant shall pay for Tenant’s Pro Rata Share of
Expenses and Taxes applicable to

 

4

 

the
Premises in accordance with the terms of the Lease, provided, however, during
such period, the Base Year for the computation of Tenant’s Pro Rata Share of
Expenses applicable to the Premises is calendar year 2004 and the Base Year for
the computation of Tenant’s Pro Rata Share of Taxes applicable to the Premises
is Fiscal Year 2005 (i.e., July 1, 2004 to June 30, 2005).

 

9.                                       Improvements to Substitution
Space.

 

9.01.                        Condition of Substitution Space. 
Tenant has inspected the Substitution Space and agrees to accept the
same “as is” without any agreements, representations, understandings or
obligations on the part of Landlord to perform any alterations, repairs or
improvements, except as may be expressly provided otherwise in this Amendment.

 

9.02.                        Responsibility for Improvements to Substitution Space. 
Landlord shall perform improvements to the Substitution Space in
accordance with the Work Letter attached hereto as Exhibit B.

 

10.                                 Early Access to Substitution
Space. If Tenant is permitted to take possession of
the Substitution Space before the Substitution Effective Date, such possession
shall be subject to the terms and conditions of the Lease and this Amendment
and Tenant shall pay Base Rent and Additional Rent applicable to the
Substitution Space to Landlord for each day of possession prior to the
Substitution Effective Date.  However,
except for the cost of services requested by Tenant (e.g. freight elevator
usage), Tenant shall not be required to pay Rent for the Substitution Space for
any days of possession before the Substitution Effective Date during which
Tenant, with the approval of Landlord, is in possession of the Substitution
Space for the sole purpose of performing improvements or installing furniture,
equipment or other personal property. 
In connection therewith, and subject to the terms of this
Section 9, Landlord grants Tenant the right to enter the Substitution
Space, at Tenant’s sole risk, (i) following installation of the ceiling grid in
the Substitution Space, solely for the purpose of installing telecommunications
and data cabling in the Substitution Space, and (ii) following installation of
the carpeting in the Substitution Space, solely for the purpose of installing
equipment, furnishings and other personalty. 
Except for the cost of services requested by Tenant, Tenant shall not be
required to pay Rent for the Substitution Space for any days of possession of
the Substitution Space prior to the Substitution Effective Date during which
Tenant is permitted entry to the Substitution Space for the purposes described
in the immediately preceding sentence. 
Landlord may withdraw such permission to enter the Substitution Space
prior to the Substitution Effective Date at any time that Landlord reasonably
determines that such entry by Tenant is causing a dangerous situation for
Landlord, Tenant or their respective contractors or employees, or if Landlord
reasonably determines that such entry by Tenant is hampering or otherwise
preventing Landlord from proceeding with the completion of Landlord’s Work at
the earliest possible date.

 

11.                                 Holding Over.  If
Tenant continues to occupy the Original Premises after the Original Premises
Vacation Date (as defined in Section 1 above), occupancy of the Original
Premises subsequent to the Original Premises Vacation Date shall be that of a
tenancy at sufferance and in no event for month-to-month or year-to-year, but
Tenant shall, throughout the entire holdover period, be subject to all the terms
and provisions of Section XXV (Holding Over) of the Lease as qualified by
the terms set forth in Section 1.02 of this Amendment.

 

12.                                 Other Pertinent Provisions. 
Landlord and Tenant agree that, effective as of the date of this
Amendment (unless different effective dates are specifically referenced in this
Section), the Lease shall be amended in the following additional respects:

 

12.01                     Parties’ Notice Addresses. 
Effective as of the date hereof, the respective Notice Addresses for
Landlord and Tenant as set forth in Article I.M. of the Lease are hereby
deleted and replaced with the following:

 

5

 

	
  “Landlord:

  	
   

  	
  With
  a copy to:

  
	
   

  	
   

  	
   

  
	
  MA-New
  England Executive Park, L.L.C.

  c/o Equity Office

  100 Summer Street

  Boston, Massachusetts  02110

  Attn:  Property Manager

  	
   

  	
  Equity
  Office

  Two North Riverside Plaza

  Suite 2100

  Chicago, Illinois  60606

  Attn:  Boston Regional Counsel

  
	
   

  	
   

  	
   

  
	
  Tenant:

  
	
   

  
	
  RadView
  Software, Inc.

  
	
  7
  New England Executive Park

  
	
  Burlington,
  Massachusetts

  
	
  Attn:  Mr. Chris Dineen, CFO

  

 

12.02                     Renewal Option.

 

A.                                   Grant of Option; Conditions. 
Tenant shall have the right to extend the Extended Term (the “Renewal Option”) for one additional period
of 5 years commencing on the day following the Extended Termination Date of the
Extended Term and ending on the 5th anniversary of the Extended
Termination Date (the “Second Renewal Term”),
if:

 

1.                                       Landlord receives notice of exercise (“Initial Renewal Notice”) not less than 9
full calendar months prior to the expiration of the Extended Term and not more
than 12 full calendar months prior to the expiration of the Extended Term; and

 

2.                                       Tenant is not in default under the Lease
beyond any applicable cure periods at the time that Tenant delivers its Initial
Renewal Notice or at the time Tenant delivers its Binding Notice (as defined
below); and

 

3.                                       No part of the Premises is sublet (other than
pursuant to a Permitted Transfer, as defined in Article XII of the Lease)
at the time that Tenant delivers its Initial Renewal Notice or at the time
Tenant delivers its Binding Notice; and

 

4.                                       The Lease, as amended, has not been assigned
by Tenant (other than pursuant to a Permitted Transfer, as defined in
Article XII of the Lease) prior to the date that Tenant delivers its
Initial Renewal Notice or prior to the date Tenant delivers its Binding Notice.

 

B.                                     Terms Applicable to Premises During Second
Renewal Term.

 

1.                                       The initial Base Rent rate per rentable
square foot for the Premises during the Second Renewal Term shall equal the
Prevailing Market (hereinafter defined) rate per rentable square foot for the
Premises.  Base Rent during the Second
Renewal Term shall increase, if at all, in accordance with the increases
assumed in the determination of Prevailing Market rate.  Base Rent attributable to the Premises shall
be payable in monthly installments in accordance with the terms and conditions
of Article IV of the Lease.

 

2.                                       Tenant shall pay Additional Rent (i.e., Taxes
and Expenses) for the Premises during the Second Renewal Term in accordance
with Article IV of the Lease, and the manner and method in which Tenant
reimburses Landlord for Tenant’s share of Taxes and Expenses and the Base Year,
if any, applicable to such matter, shall be

 

6

 

some
of the factors considered in determining the Prevailing Market rate for the
Second Renewal Term.

 

C.                                     Procedure for Determining Prevailing Market. 
Within 30 days after receipt of Tenant’s Initial Renewal Notice,
Landlord shall advise Tenant of the applicable Base Rent rate for the Premises
for the Second Renewal Term.  Tenant,
within 15 days after the date on which Landlord advises Tenant of the
applicable Base Rent rate for the Second Renewal Term, shall either (i) give
Landlord final binding written notice (“Binding
Notice”) of Tenant’s exercise of its Renewal Option, or (ii) if
Tenant disagrees with Landlord’s determination, provide Landlord with written
notice of rejection (the “Rejection Notice”).  If Tenant fails to provide Landlord with
either a Binding Notice or Rejection Notice within such 15 day period, Tenant’s
Renewal Option shall be null and void and of no further force and effect.  If Tenant provides Landlord with a Binding
Notice, Landlord and Tenant shall enter into the Second Renewal Amendment (as
defined below) upon the terms and conditions set forth herein.  If Tenant provides Landlord with a Rejection
Notice, Landlord and Tenant shall work together in good faith to agree upon the
Prevailing Market rate for the Premises during the Second Renewal Term.  When Landlord and Tenant have agreed upon
the Prevailing Market rate for the Premises, such agreement shall be reflected
in a written agreement between Landlord and Tenant, whether in a letter or otherwise,
and Landlord and Tenant shall enter into the Second Renewal Amendment in
accordance with the terms and conditions hereof.  Notwithstanding the foregoing, if Landlord and Tenant are unable
to agree upon the Prevailing Market rate for the Premises within 30 days after
the date Tenant provides Landlord with the Rejection Notice, Tenant’s Renewal
Option shall be deemed to be null and void and of no force and effect.

 

D.                                    Second Renewal Amendment.  If
Tenant is entitled to and properly exercises its Renewal Option, Landlord shall
prepare an amendment (the “Second Renewal
Amendment”) to reflect changes in the Base Rent, Term, Termination
Date and other terms which may be agreed upon by the parties.  The Second Renewal Amendment shall be sent
to Tenant within a reasonable time after Landlord’s receipt of the Binding
Notice or other written agreement by Landlord and Tenant regarding the
Prevailing Market rate, and Tenant shall execute and return the Second Renewal
Amendment to Landlord within 15 days after Tenant’s receipt of same, but, upon
final determination of the Prevailing Market rate applicable during the Second
Renewal Term as described herein, an otherwise valid exercise of the Renewal
Option shall be fully effective whether or not the Second Renewal Amendment is
executed.

 

E.                                      Definition of Prevailing Market.  For
purposes of this Renewal Option, “Prevailing
Market” shall mean the arms length fair market annual rental rate
per rentable square foot under renewal leases and amendments entered into on or
about the date on which the Prevailing Market is being determined hereunder for
space comparable to the Premises in the Building and office buildings
comparable to the Building in the Burlington, Massachusetts area.  The determination of Prevailing Market shall
take into account any material economic differences between the terms of the
Lease and this Amendment and any comparison lease or amendment, such as rent
abatements, construction costs and other concessions and the manner, if any, in
which the landlord under any such lease is reimbursed for operating expenses
and taxes.  The determination of
Prevailing Market shall also take into consideration any reasonably anticipated
changes in the Prevailing Market rate from the time such Prevailing Market rate
is being determined and the time such Prevailing Market rate will become
effective under this Amendment.

 

7

 

12.03                     Assignment and Subletting.

 

A.                                   Effective as of the date of this Amendment,
the first sentence of Section XII.A. of the Lease is deleted in its
entirety and replaced with the following:

 

“Except
in connection with a Permitted Transfer (defined in Section XII.E. below),
Tenant shall not assign, sublease, transfer or encumber any interest in this
Lease 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 or delayed if Landlord does
not elect to exercise its termination rights under Section XII.B. below.”

 

B.                                     Effective as the date of this Amendment, the
first sub-clause of the second sentence of Section XII.A. of the Lease
shall be deleted in its entirety and replaced with the following:

 

“(1)
with respect to an assignee, the proposed assignee’s financial condition does
not meet the criteria Landlord uses to select Building tenants having similar
leasehold obligations, and with respect to a subtenant, the proposed subtenant
is not financially able to meet its sublease obligations, including its obligation
to pay rent under the sublease as they become due, such inability to be
reasonably determined by Landlord based on a review of such proposed
subtenant’s financial statements;”

 

C.                                     Effective as of the date of this Amendment,
the fifth sub-clause of the first sentence of Section XII.E. of the Lease
shall be deleted in its entirety and replaced with the following:

 

“(5)
Tenant shall give Landlord written notice at least 30 days prior to the
effective date of the proposed purchase, merger, consolidation or
reorganization (provided that, if prohibited by confidentiality in connection
with a proposed purchase, merger, consolidation or reorganization, then Tenant
shall give Landlord written notice within 10 days after the effective date of
the proposed purchase, merger, consolidation or reorganization).”

 

12.04                     Contingency.  This Amendment is contingent
upon Landlord entering into a new lease, lease amendment or other written
agreement (the “New Agreement”)
with a third party tenant (the “New Tenant”)
for all of the Original Premises.  If
the New Agreement has not been executed by the New Tenant on or before
September 15, 2004, then either Landlord or Tenant can terminate this
Amendment by delivering written notice to the other on or before
September 27, 2004.  In the event
Landlord or Tenant provide such a notice to the other, this Amendment shall be
null and void and of no force or effect and the Lease shall continue in full
force and effect with respect to the Original Premises as if this Amendment had
not been executed.  Landlord shall
notify Tenant in writing (or by email, confirmation of receipt requested to
Tenant’s CFO) that the New Agreement has been executed promptly following
execution of the New Agreement by Landlord and New Tenant.

 

13.                                 Miscellaneous.

 

13.01.                  This
Amendment and the attached exhibits, which are hereby incorporated into and
made a part of this Amendment, set forth the entire agreement between the
parties with respect to the matters set forth herein.  There have been no additional oral or written representations or
agreements.  Under no circumstances
shall Tenant be entitled to any Rent abatement, improvement allowance,
leasehold improvements, or other work to the Substitution Space, or any similar
economic incentives that may have been provided Tenant in connection with
entering into the Lease, unless specifically set forth in this Amendment.
Tenant agrees that neither Tenant nor its agents or any other parties acting on
behalf of Tenant shall disclose any matters set forth in this Amendment or
disseminate or distribute any information concerning the terms, details or
conditions hereof to any person, firm or entity

 

8

 

(other
than Tenant’s agents and professional consultants) without obtaining the
express written consent of Landlord.

 

13.02.                  Except
as herein modified or amended, the provisions, conditions and terms of the
Lease shall remain unchanged and in full force and effect.

 

13.03.                  In
the case of any inconsistency between the provisions of the Lease and this
Amendment, the provisions of this Amendment shall govern and control.

 

13.04.                  Submission
of this Amendment by Landlord is not an offer to enter into this Amendment but
rather is a solicitation for such an offer by Tenant.  Landlord shall not be bound by this Amendment until Landlord has
executed and delivered the same to Tenant. 
The solicitation of offer represented by Tenant’s submission of this
Amendment shall automatically expire within 30 days of such submission if
Landlord has not countersigned this Amendment and delivered the same to Tenant
within such 30 day period.

 

13.05.                  The
capitalized terms used in this Amendment shall have the same definitions as set
forth in the Lease to the extent that such capitalized terms are defined
therein and not redefined in this Amendment.

 

13.06.                  Tenant
hereby represents to Landlord that Tenant has dealt with no broker other than
Trammell Crow Company in connection with this Amendment.  Tenant agrees to indemnify and hold
Landlord, its members, principals, beneficiaries, partners, officers,
directors, employees, mortgagee(s) and agents, and the respective principals
and members of any such agents (collectively, the “Landlord Related Parties”) harmless from all claims of any
brokers other than Trammell Crow Company claiming to have represented Tenant in
connection with this Amendment. 
Landlord hereby represents to Tenant that Landlord has dealt with no
broker in connection with this Amendment. 
Landlord agrees to indemnify and hold Tenant, its members, principals,
beneficiaries, partners, officers, directors, employees, and agents, and the
respective principals and members of any such agents (collectively, the “Tenant Related Parties”) harmless from all
claims of any brokers claiming to have represented Landlord in connection with
this Amendment.

 

13.07.                  Each
signatory of this Amendment represents hereby that he or she has the authority
to execute and deliver the same on behalf of the party hereto for which such
signatory is acting.

 

[SIGNATURES ARE ON FOLLOWING PAGE]

 

9

 

IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Amendment as of the day
and year first above written.

 

 

	
  WITNESS/ATTEST:

  	
  LANDLORD:

  
	
   

  	
   

  
	
   

  	
  MA-NEW ENGLAND EXECUTIVE PARK, L.L.C., a Delaware

  limited liability company

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Equity
  Office Management, L.L.C., a Delaware limited

  liability company, its non-member manager

  
	
   

  	
   

  	
   

  
	
  /s/
  KIMBERLY RUBY

  	
   

  	
   

  	
  By:

  	
  /s/
  GLENN VERRETTE

  	
   

  
	
   

  	
   

  	
   

  
	
  Name
  (print):

  	
  Kimberly
  Ruby

  	
   

  	
   

  	
  Name:

  	
  Glenn
  Verrette

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Vice
  President - Leasing Boston Region

  	
   

  
	
  Name
  (print):

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  WITNESS/ATTEST:

  	
   

  	
  TENANT:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  RADVIEW SOFTWARE INC., a New Jersey corporation

  
	
   

  	
   

  	
   

  	
   

  
	
  /s/
  KEITH BARD

  	
   

  	
   

  	
  By:

  	
  /s/
  CHRISTOPHER DINEEN

  	
   

  
	
   

  	
   

  	
   

  
	
  Name
  (print):

  	
  Keith
  Bard

  	
   

  	
   

  	
  Name:

  	
  Christopher
  Dineen

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Chief
  Financial Officer

  	
   

  
	
   

  	
   

  	
   

  
	
  Name
  (print):

  	
   

  	
   

  	
   

  	
   

  
										

 

10

 

EXHIBIT A

 

OUTLINE AND LOCATION OF SUBSTITUTION SPACE

 

11

 

EXHIBIT B

 

WORK LETTER

 

This
Exhibit is attached to and made a part of the Amendment by and between MA-NEW ENGLAND EXECUTIVE PARK, L.L.C., a Delaware
limited liability company (“Landlord”) and RADVIEW SOFTWARE INC., a New Jersey corporation
(“Tenant”) for space in the Building located at 7 New England Executive Park,
Burlington, Massachusetts.

 

As
used in this Work Letter, the “Premises”
shall be deemed to mean the Substitution Space, as defined in the attached
Amendment.

 

1.                                       Landlord shall perform improvements to the
Premises in accordance with the plans prepared by Denis J. Doyle, AIA, dated
April 21, 2004 (the “Plans”).  The improvements to be performed by Landlord
in accordance with the Plans are hereinafter referred to as the “Landlord Work.”  It is agreed that construction of the Landlord Work will be
completed at Landlord’s sole cost and expense (subject to the terms of
Section 2 below) using building standard methods, materials and
finishes.  Landlord shall enter into a direct
contract for the Landlord Work with a general contractor selected by
Landlord.  In addition, Landlord shall
have the right to select and/or approve of any subcontractors used in
connection with the Landlord Work.  Landlord’s
supervision or performance of any work for or on behalf of Tenant shall not be
deemed a representation by Landlord that such Plans or the revisions thereto
comply with applicable insurance requirements, building codes, ordinances, laws
or regulations, or that the improvements constructed in accordance with the
Plans and any revisions thereto will be adequate for Tenant’s use, it being
agreed that Tenant shall be responsible for all elements of the design of
Tenant’s plans (including, without limitation, compliance with law,
functionality of design, the structural integrity of the design, the
configuration of the premises and the placement of Tenant’s furniture,
appliances and equipment).

 

2.                                       If Tenant shall request any revisions to the
Plans, Landlord shall have such revisions prepared at Tenant’s sole cost and
expense and Tenant shall reimburse Landlord for the cost of preparing any such
revisions to the Plans, plus any applicable state sales or use tax thereon,
upon demand.  Promptly upon completion
of the revisions, Landlord shall notify Tenant in writing of the increased cost
in the Landlord Work, if any, resulting from such revisions to the Plans.  Tenant, within one Business Day, shall
notify Landlord in writing whether it desires to proceed with such revisions.  In the absence of such written
authorization, Landlord shall have the option to continue work on the Premises
disregarding the requested revision. 
Tenant shall be responsible for any Tenant Delay in completion of the
Premises resulting from any revision to the Plans.  If such revisions result in an increase in the cost of Landlord
Work, such increased costs, plus any applicable state sales or use tax thereon,
shall be payable by Tenant upon demand. 
Notwithstanding anything herein to the contrary, all revisions to the
Plans shall be subject to the approval of Landlord.

 

3.                                       This Exhibit shall not be deemed applicable
to any additional space added to the Premises at any time or from time to time,
whether by any options under the Lease or otherwise, or to any portion of the
original Premises or any additions to the Premises in the event of a renewal or
extension of the original Term of the Lease, whether by any options under the
Lease or otherwise, unless expressly so provided in the Lease or any amendment
or supplement to the Lease.

 

Landlord
Project Manager for Landlord Work:

 

	
  Name:

  	
   

  	
  Mike
  O’Shaughnessey

  
	
  Telephone:

  	
   

  	
  617-425-7829

  
	
  Fax:

  	
   

  	
  617-425-7501

  
	
  Email:

  	
   

  	
  mike_oshaughnessey@equityoffice.com

  

 

12

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