Document:

Agreement

 

Exhibit
10.38

June 13, 2006

Mr. Arthur L. Money

3803 Riverwood Road

Alexandria, VA 22309-2726

			
	Re:	 	Amended and Restated Employment Letter Agreement with Terremark

Worldwide, Inc.

Dear Art:

On January 3, 2003, Terremark Worldwide, Inc. (the “Company”) and you signed a letter agreement
(the “Letter Agreement”) containing the terms of your employment in connection with the heading the
Company’s Government Division, which focuses on selling the Company’s products and services to the
U.S. Government (the “Government Division”), including but not limited to military, Homeland
Security, and intelligence community customers (“the Project”). On May 3, 2003, the Company and you
signed an amended and restated form of the Letter Agreement. Today, you and the Company have agreed
to further revise the compensation calculations of your employment, so, in the interests of
clarity, this Letter Agreement revises those calculations and otherwise restates the original terms
of the Letter Agreement. This Letter Agreement supersedes all prior agreements on this matter
related to your employment and is retroactive to January 3, 2003.

1. SERVICES TO BE RENDERED AS A TERREMARK EMPLOYEE

Under the terms of this agreement, your role would be to function as the head of the Government
Division and your responsibilities would be to provide strategic advice and business development
assistance to the Government Division, and otherwise assist the Company in the successful
implementation of the Project. While we would envision you working closely with the Company’s Chief
Operating Officer, its head of Global Sales and its General Counsel, your direct “reporting”
relationship will be with me, as the Chairman of the Company. Your title shall be “Director -
Government, Military and Homeland Security Affairs”.

We do not envision requiring any specific number of hours or days per month or quarter. We would
rely on your sense of professionalism and your desire for success to determine the extent to which
you would need to devote yourself to Company matters. We see no need for you to have a permanent
office at any Terremark location, but will provide you with an office, as needed, when you visit
Miami and we will make sure you have whatever secretarial support you need to assist you with your
Company related work.

The Company will reimburse you for all reasonable expenses related to your responsibilities with
the Company, in the same manner as it does for other senior executives of the Company.

 

 

June 13, 2006

Mr. Arthur L. Money

Page 2 of 3

2. COMPENSATION

In consideration of the services you have provided and are expected to continue to provide under
the Letter Agreement, as amended to date, and, in lieu and in full satisfaction of any and all
payments to which you may have been entitled under the previous terms of the Letter Agreement, you
will continue to receive payments equal to $5,000 per month. In addition, within two (2) weeks of
the execution of this Letter Agreement, you will receive 15,000 shares of Terremark’s common stock
issued pursuant to the terms of the Company’s 2005 Executive Incentive Compensation Plan.

3. OTHER CONSIDERATIONS

	 	i.	 	Notwithstanding your title and your status as an employee and a member of the
Board of Directors of the Company, we both agree and understand that you are not an
officer and you will not have any of the responsibilities of an officer or the ability
to bind the Company to any agreement with a third party, or to incur any obligation or
liability on behalf of the Company;
	 
	 	ii.	 	This Letter Agreement may only be modified by a written document duly signed by
you and the Company;
	 
	 	iii.	 	This Letter Agreement shall expire on January 31, 2007 (the “Expiration Date”);
provided, however, the term shall continue in effect thereafter unless (a) terminated
in writing by the Company or you on 48 hours written notice “for cause” (which is
intended to be narrowly defined to consist only of a material breach of this agreement
or conduct by one party that is so embarrassing or egregious as to render the
relationship damaging to the non-offending party), or (b) terminated in writing by the
Company or you, without cause, on ninety (90) days notice;
	 
	 	iv.	 	The Company and you will consult and agree upon the form, terms and substance
of all press releases, public announcements and publicity statements with respect to
this Letter Agreement;
	 
	 	v.	 	In the event of your death prior to receiving any or all payments to which you
are entitled, the remaining Compensation to be paid under the terms hereof shall be
paid at the time and in the manner provided in Section 2 to the beneficiary or
beneficiaries who you have designated on a beneficiary designation form properly filed
by you with the Company in accordance with the Company’s policies and procedures. If no
such designated beneficiary survives you, such remaining benefits shall be paid as set
forth above to your estate.
	 
	 	vi.	 	This Letter Agreement, when countersigned by the Company, will constitute a
binding agreement between you and the Company, and shall be governed by the laws of the
State of Florida.

 

 

June 13, 2006

Mr. Arthur L. Money

Page 3 of 3

If you are in agreement with the above terms and conditions, please sign below in evidence of your
acceptance of this Letter Agreement.

	 	 	 	 	 
	 	Terremark Worldwide, Inc.

 	 
	 	By:  	/s/ Manuel D. Medina
 	 
	 	 	Name:  	Manuel D. Medina 	 
	 	 	Title:  	Chairman of the Board, President and

Chief Executive Officer 	 
	 

Acknowledged and agreed to

this 14th day of June, 2006

	 	 	 	 	 
	 	 	 
	 	/s/ Arthur L. Money
 	 
	 	Arthur L. MoneyEX-10.1 AMENDED AND RESTATED LEASE AGREEMENT

 

Exhibit 10.1

 

ABP AL (MIDFIELD) LLC

AND THE OTHER PARTIES IDENTIFIED AS LANDLORDS HEREIN,

Landlord,

and

BLUELINX CORPORATION,

Tenant

 

AMENDED AND RESTATED MASTER LEASE AGREEMENT

 

DATED: as of June 9, 2006

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE 1. BASIC LEASE PROVISIONS
	 	 	1	 
	ARTICLE 2. PREMISES, TERM AND RENT
	 	 	2	 
	ARTICLE 3. USE AND OCCUPANCY
	 	 	5	 
	ARTICLE 4. CONDITION OF THE PREMISES
	 	 	6	 
	ARTICLE 5. ALTERATIONS
	 	 	6	 
	ARTICLE 6. REPAIRS
	 	 	8	 
	ARTICLE 7. IMPOSITIONS
	 	 	9	 
	ARTICLE 8. COMPLIANCE WITH LAWS
	 	 	11	 
	ARTICLE 9. INSURANCE
	 	 	12	 
	ARTICLE 10. DAMAGE TO PREMISES
	 	 	17	 
	ARTICLE 11. EMINENT DOMAIN
	 	 	17	 
	ARTICLE 12. ASSIGNMENT AND SUBLETTING
	 	 	19	 
	ARTICLE 13. SUBORDINATION; ESTOPPEL CERTIFICATES
	 	 	21	 
	ARTICLE 14. MANAGEMENT; ACCESS TO PREMISES
	 	 	24	 
	ARTICLE 15. DEFAULT
	 	 	25	 
	ARTICLE 16. REMEDIES AND DAMAGES
	 	 	26	 
	ARTICLE 17. FEES AND EXPENSES
	 	 	28	 
	ARTICLE 18. NO REPRESENTATIONS BY LANDLORD
	 	 	29	 
	ARTICLE 19. END OF TERM
	 	 	29	 
	ARTICLE 20. QUIET ENJOYMENT
	 	 	30	 
	ARTICLE 21. NO WAIVER; NON-LIABILITY
	 	 	30	 
	ARTICLE 22. WAIVER OF TRIAL BY JURY
	 	 	31	 
	ARTICLE 23. INABILITY TO PERFORM
	 	 	32	 

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	 	 	Page
	ARTICLE 24. BILLS AND NOTICES
	 	 	32	 
	ARTICLE 25. BROKER
	 	 	33	 
	ARTICLE 26. INDEMNITY
	 	 	33	 
	ARTICLE 27. ENVIRONMENTAL MATTERS; HAZARDOUS MATERIALS
	 	 	35	 
	ARTICLE 28. RELEASE AND/OR SUBSTITUTION OF PREMISES
	 	 	36	 
	ARTICLE 29. ADDITIONAL RIGHTS OF LANDLORD AND TENANT
	 	 	37	 
	ARTICLE 30. FINANCIAL REPORTING
	 	 	37	 
	ARTICLE 31. RELATIONSHIP AMONG THE LANDLORDS
	 	 	38	 
	ARTICLE 32. MISCELLANEOUS
	 	 	39	 
	EXHIBIT A – DESCRIPTION OF THE LAND
	 	 	 	 
	EXHIBIT B – PERMITTED ENCUMBRANCES
	 	 	 	 
	EXHIBIT C – DEFINITIONS
	 	 	 	 
	EXHIBIT D – RENT PAYMENT DIRECTION LETTER
	 	 	 	 
	EXHIBIT E – FIXED RENT ALLOCATIONS
	 	 	 	 
	EXHIBIT F – FORM OF NON-DISTURBANCE AGREEMENT
	 	 	 	 

ii

 

AMENDED AND RESTATED MASTER LEASE AGREEMENT

          THIS AMENDED AND RESTATED MASTER LEASE AGREEMENT (this “Lease”), dated as of June 9,
2006, is made by and between ABP AL (MIDFIELD) LLC, a Delaware limited liability company with an
office at 4300 Wildwood Parkway, Atlanta, Georgia, 30339, Attention: Gary Cummings (“Landlord
Agent”), and the parties identified as Landlords on the signature pages hereof (each,
individually and collectively with Landlord Agent, “Landlord”), and BLUELINX CORPORATION, a
Georgia corporation with an office at 4100 Wildwood Parkway, Atlanta, Georgia, 30339, Attention:
General Counsel (“Tenant”).

          Landlord and Tenant hereby covenant and agree as follows:

ARTICLE 1.

BASIC LEASE PROVISIONS

          Section 1.1. This Section 1.1 sets forth the basic terms of this Lease and, as
applicable, constitutes the definition of those terms as used in this Lease:

	 	 	 
	LAND:

	 	The parcels of land more particularly
described on Exhibit A to this Lease,
individually and collectively.
	 
	 	 
	IMPROVEMENTS:

	 	Collectively, the buildings,
structures, parking areas, driveways,
access roads, railroad spur lines and
related facilities (to the extent of
Landlord’s interest therein), and other
improvements and appurtenances now
located or hereafter erected, located,
attached to or placed in or on the
Land, and any and all Alterations
thereto and renewals and replacements
thereof, additions thereto and
substitutes therefor, except for
Tenant’s Property (as defined in
Exhibit C).
	 
	 	 
	PREMISES:

	 	The Land and all Improvements now or
hereafter located thereon, individually
and collectively.
	 
	 	 
	COMMENCEMENT DATE:

	 	The date of this Lease.
	 
	 	 
	EXPIRATION DATE:

	 	June 8, 2021.
	 
	 	 
	TERM:

	 	The period commencing on the
Commencement Date and ending on the
Expiration Date.
	 
	 	 
	PERMITTED USES:

	 	The use of the Premises by Tenant as
(i) a distribution center for the
transaction of Tenant’s building
products distribution business and for
warehousing uses ancillary thereto,
and/or (ii) as general offices for the
transaction of Tenant’s business, and
for no other purpose.

All capitalized terms used in the text of this Lease without definition are defined in this
Article 1 or in Exhibit C.

 

 

          Section 1.2. All of the Exhibits attached to this Lease are incorporated in and made a part of
this Lease, but in the event of any conflict or inconsistency between the provisions of this Lease
and the Exhibits, the provisions of this Lease shall control. As used in this Lease: (a) the word
“or” is not exclusive and the word “including” is not limiting, (b) references to a law include any
rule or regulation issued under the law and any amendment to the law, rule or regulation, (c)
whenever the words “include”, “includes”, or “including” appear, they shall be deemed to be
followed by the words “without limitation”, (d) personal pronouns shall be deemed to include the
other genders and the singular to include the plural, and (e) all Article and Section references
shall, unless otherwise expressly stated, be deemed references to the Articles and Sections of this
Lease. Wherever a period of time is stated in this Lease as commencing or ending on specified
dates, such period of time shall be deemed (i) inclusive of such stated commencement and ending
dates, and (ii) to commence at 12:00 A.M. Eastern Time on such stated commencement date and to end
at 11:59 P.M. Eastern Time on such stated ending date. Whenever a financial obligation is stated
to be at a party’s expense, such obligation shall be at such party’s sole cost and expense. The
captions used in this Lease are inserted only as a matter of convenience and for reference, and in
no way define, limit or describe the scope of this Lease nor the intent of any provision hereof.

          Section 1.3. This Lease amends and restates in its entirety that certain Amended and Restated
Master Lease, dated as of October 26, 2004, between Landlord and Tenant, as amended, with respect
to the Premises.

ARTICLE 2.

PREMISES, TERM AND RENT

          Section 2.1. (a) Landlord hereby leases to Tenant and Tenant hereby leases from Landlord, for
the Term and upon the terms, covenants and conditions set forth in this Lease, all of Landlord’s
right, title and interest in and to the Premises, and any and all rights, privileges, easements and
appurtenances now or hereafter appertaining, attaching or in any way belonging to or benefiting the
Premises, subject only to (i) those matters described on Exhibit B attached hereto
(collectively, the “Permitted Exceptions”), and (ii) all applicable Laws.

          (b) Landlord and Tenant agree that Landlord shall be deemed to have delivered possession of
the Premises to Tenant and Tenant shall be deemed to have accepted possession of the Premises from
Landlord immediately upon the Commencement Date.

          (c) Subject to Section 28.1, this Lease constitutes a single, unitary, indivisible,
non-severable true lease of all the Premises. This Lease does not constitute separate leases
contained in one document each governed by similar terms. The use of the expression “unitary
lease” to describe this Lease is not merely for convenient reference. It is the conscious
choice of a substantive appellation to express the intent of the parties in regard to an integral
part of this transaction: To accomplish the creation of an indivisible lease, the parties agree
that from an economic point of view the individual Premises leased pursuant to this Lease
constitute one economic unit and that the Fixed Rent and all other provisions have been negotiated
and agreed to based on a demise of the entire Premises covered by this Lease as a single,
composite, inseparable transaction. Except as expressly provided in this Lease for specific
isolated purposes

2

 

(and in such cases only to the extent expressly so stated), all provisions of
this Lease, including definitions, commencement and expiration dates, rental provisions, use
provisions, breach, default, enforcement and termination provisions and assignment and subletting,
shall apply equally and uniformly to the Premises as one unit and are not severable. The economic
terms of this Lease would have been substantially different had separate leases or a “divisible”
lease been acceptable to Landlord. A default of any of the terms or conditions of this Lease
occurring with respect to any Premises shall be a default under this Lease with respect to the
entire Premises. Except as expressly provided in this Lease for specific isolated purposes (and in
such cases only to the extent expressly so stated), Landlord and Tenant agree that the provisions
of this Lease shall at all times be construed, interpreted, and applied such that the intention of
Landlord and Tenant to create a unitary lease shall be preserved and maintained. The parties agree
that for the purposes of any assumption, rejection or assignment of this Lease under Section 365 of
the Bankruptcy Code (as hereinafter defined) or any amendment or successor section thereof, this is
one indivisible and non-severable lease dealing with and covering one legal and economic unit which
must be assumed, rejected or assigned as a whole with respect to all (and only all) of the Premises
covered hereby.

          Section 2.2. (a) Commencing on the Commencement Date and continuing thereafter during the
Term, Tenant shall pay to or as directed by Landlord annual rent for the entire Premises
(“Fixed Rent”) at the rate of Thirty Million Seventy-Two Thousand Five Hundred Ten and
00/100 Dollars ($30,072,510.00) per Lease Year ($2,506,042.50 per month).

          (b) Tenant shall pay to or as directed by Landlord (i) Fixed Rent in equal monthly
installments in advance on the first (1st) day of each calendar month from and after the
Commencement Date during the Term, except that if the first (1st) day of a calendar month is not a
Business Day, then Tenant shall pay Fixed Rent on the Business Day immediately preceding the first
(1st) day of such calendar month, and (ii) Additional Rent, in each case, as and when due and
payable hereunder, at the office of Landlord or such other place as Landlord may designate, without
notice or demand, and without any set-off, counterclaim, credit, abatement or deduction whatsoever,
except as expressly set forth in this Lease; provided, however, that Landlord may at any time and
from time to time, upon prior written notice to Tenant, change the day of the calendar month on
which installments of Fixed Rent are paid hereunder. Fixed Rent and Additional Rent shall be
payable in lawful money of the United States, by check drawn upon a bank which is a member of the
New York Clearinghouse Association, or on any other bank reasonably acceptable to Landlord, or by
wire transfer of immediately available funds to an account designated by Landlord. If the
Commencement Date is not the first (1st) day of a calendar month, then Tenant shall pay to Landlord
on the Commencement Date (x) the installment of Fixed Rent for the first (1st) full
calendar month of the Term after the Commencement Date, and (y) a sum equal to Eighty-Three
Thousand Five Hundred Thirty Four and 75//100 Dollars ($83,534.75), multiplied by the number of
calendar days in the period from the Commencement Date to the last day of the month in which the
Commencement Date occurs. In no event shall Tenant be permitted or required to pay any Fixed Rent
more than thirty (30) days in advance.

          Section 2.3. Tenant hereby acknowledges delivery to it of a written notice from Landlord
hereunder, a copy of which is annexed hereto as Exhibit D (such notice, as the same may be
modified, replaced or rescinded in accordance with the terms thereof, the “Rent Payment

3

 

Direction Letter”). Subject to the terms of the Rent Payment Direction Letter and this
Section 2.3(c), during the term of the Mortgage described in Rent Payment Direction Letter,
Tenant shall pay to the account (the “Lockbox Account”) specified in the Rent Payment
Direction Letter the following:

          (a) all Fixed Rent, in equal monthly installments as set forth in Section 2.2(a)
hereof;

          (b) Taxes and premiums for all insurance policies that Tenant is required under Article
9 to obtain and maintain, on the first (1st) day of each calendar month, in an amount equal to
one-twelfth (12th) of the then annual amount of Taxes or insurance premiums;

          (c) all amounts that Tenant is required hereunder to deposit with Landlord as security for the
performance of any Alterations or in connection with Tenant’s contest of any Taxes or other liens;
and

          (d) upon Tenant’s receipt of notice from the Mortgagee that an event of default under such
Mortgage or any other event that, pursuant to the terms of such Mortgage or the Rent Payment
Direction Letter, entitles the Mortgagee to receive all rent and other amounts payable with respect
to the Premises has occurred and Mortgagee’s written demand therefor, all (i) Additional Rent, (ii)
Utility Charges, (iii) amounts required under such Mortgage to be deposited with the Mortgagee for
any required repairs or Alterations (including any capital improvements) to the Premises, (iv) the
Management Fee (as hereinafter defined), if any, and (v) other amounts payable by Tenant hereunder
with respect to the operation of the Property.

          Section 2.4. If Tenant shall fail to pay any installment or other payment of Fixed Rent or
Additional Rent when due (or, if Tenant shall fail to pay any installment of Fixed Rent due on any
non-Business Day on the Business Day immediately preceding the date on which such installment is
due) and such failure shall continue for a period of five (5) days following the date on which such
installment or payment is due, Tenant shall pay to Landlord interest on such amount past due, from
the date such Rent became due until the date paid, at the Default Rate, and such interest shall be
deemed to be Additional Rent.

          Section 2.5. All amounts payable by Tenant pursuant to this Lease, including Fixed Rent and
all Additional Rent, shall constitute rent under this Lease, and in the event of Tenant’s failure
to pay such amounts or any portion thereof, Landlord shall have all of the rights and remedies
provided for herein or by law or at equity in the case of non-payment of Rent.

          Section 2.6. (a) Landlord and Tenant intend and agree that this Lease is a fully “net lease”,
and that all costs, expenses, liabilities and obligations of every kind and nature whatsoever
relating to the Premises, the appurtenances thereto and the use and occupancy thereof by Tenant or
anyone claiming by, through or under Tenant, which may arise or become due during or with respect
to the Term, shall be paid by and be the responsibility of Tenant, so that the Fixed Rent payable
hereunder shall be net to Landlord. Tenant hereby assumes the sole responsibility for the
condition, use, operation, maintenance and management of the Premises, and Landlord shall not be
required to furnish any facilities, services or utilities, or make any repairs or Alterations
thereto.

4

 

          (b) Except as otherwise expressly provided herein, this Lease shall not terminate, nor shall
Tenant have any right to terminate this Lease or be entitled to the abatement of any rent or any
reduction thereof, nor shall the obligations hereunder of Tenant be otherwise affected, any present
or future Law to the contrary notwithstanding, by reason of: (i) any damage to, or the destruction
of, the Premises or any portion thereof, from whatever cause; (ii) the taking of the Premises or
any portion thereof by condemnation or otherwise; (iii) the prohibition, limitation, or restriction
of Tenant’s use of the Premises or any portion thereof, or the interference with such use by any
Person; (iv) the inadequacy or inaccuracy of the description of the Premises or the failure to
demise and let to Tenant the property intended to be leased hereby or any eviction by paramount
title or otherwise; (v) Tenant’s acquisition of ownership of, or any interest in, any Premises;
(vi) any action, omission or breach on the part of Landlord under this Lease or under any other
agreement, or the impossibility or illegality of performance by Landlord or Tenant or both; (vii)
any latent or other defect in the Improvements or any portion thereof, or in the title, condition,
design, configuration, construction, physical structure and materials, durability or fitness for a
particular use of the Improvements; (viii) any restriction, deprivation (including eviction) or
prevention of, or any interference with or interruption of, any use or occupancy of any Premises
(whether due to any defect in or failure of Landlord’s interest in any Premises, any lien or
otherwise); or (viii) any other cause whatsoever, whether similar or dissimilar to the foregoing,
it being the intention of the parties hereto that the Fixed Rent and Additional Rent reserved
hereunder shall continue to be payable in all events, and the obligations of Tenant hereunder shall
continue unaffected, unless the requirement to pay or perform the same shall be terminated or
apportioned pursuant to an express provision of this Lease.

          (c) Tenant agrees that it shall remain obligated under this Lease in accordance with its
provisions and that it shall not take any action to terminate, rescind or avoid this Lease, with
respect to all or any of the Premises, notwithstanding (i) any bankruptcy, insolvency,
reorganization, composition, readjustment, liquidation, dissolution, winding-up or other proceeding
affecting Landlord, (ii) the exercise of any remedy, including foreclosure, under any Mortgage, or
(iii) any action with respect to this Lease, or any part thereof (including the disaffirmance
hereof) which may be taken by Landlord under Title 11 of the United States Code 11 U.S.C. §§ 101
et seq. (the “Bankruptcy Code”), or by any trustee, receiver or liquidator
of Landlord or by any court under the Bankruptcy Code or otherwise.

          (d) This Lease is the absolute and unconditional obligation of Tenant. Tenant waives all
rights which are not expressly stated in this Lease but which may now or hereafter otherwise be
conferred by applicable Law: (i) to quit, terminate, cancel or surrender this Lease, (ii) to any
setoff, counterclaim, recoupment, abatement, suspension, deferment, diminution, deduction,
reduction or defense of or to Fixed Rent, Additional Rent or any other sums payable under this
Lease, regardless of whether such rights shall arise from any present or future Laws, and (iii) for
any statutory lien or offset right against Landlord or any of its property.

ARTICLE 3.

USE AND OCCUPANCY

          Section 3.1. Tenant shall use and occupy the Premises for the Permitted Uses and for no other
purpose. Tenant, at its expense, shall obtain and at all times maintain and

5

 

comply with the terms
and conditions of all licenses and permits required for the lawful conduct of the Permitted Uses in
the Premises.

          Section 3.2. Tenant shall not use or occupy or permit the use or occupancy of any part of the
Premises in any manner not permitted hereunder, or for any unlawful or illegal business, use or
purpose, or for any business, use or purpose deemed disreputable or extra hazardous, or in such
manner as to constitute a nuisance of any kind, or for any purpose in violation of any present or
future applicable Laws.

ARTICLE 4.

CONDITION OF THE PREMISES

          Tenant has examined and is familiar with the condition of the Premises, and agrees (a) to
accept possession of the Premises in their “as is” condition on the Commencement Date, (b) that
neither Landlord nor Landlord’s agents have made any representations or warranties with respect to
Premises, except as expressly set forth herein, and (c) that Landlord has no obligation to perform
any work, supply any materials, incur any expenses or make any improvements or installations in
order to prepare the Premises for Tenant’s occupancy. The taking of possession of the Premises by
Tenant shall be conclusive evidence as against Tenant that at the time such possession was so
taken, the Premises were in good and satisfactory condition.

ARTICLE 5.

ALTERATIONS

          Section 5.1. Tenant shall not make any Alterations that affect the load-bearing walls, curtain
wall, columns, foundation or other structural elements of any of the Improvements (“Structural
Alterations”), without Landlord’s prior written consent in each instance, which consent shall
not be unreasonably withheld, delayed or conditioned. Subject to the provisions of this
Article 5, Tenant shall have the right to make any Alterations to the Improvements, other
than Structural Alterations, without the prior written consent of Landlord, but upon prior written
notice to Landlord.

          Section 5.2. Tenant agrees and, during the performance of any Alteration, including any
Structural Alteration to which Landlord has given its prior written consent, Tenant shall be deemed
to represent and warrant to Landlord, that in connection with such Alteration: (a) the fair market
value of the applicable Premises and the Improvements located thereon shall not be materially
reduced after the completion of any such Alteration, nor shall the structural integrity of the
Improvements located thereon be impaired or adversely affected; (b) the Alteration and any
Alterations theretofore made or thereafter to be made shall not in the aggregate reduce the square
foot area of the Improvements by more than ten percent (10%); (c) all such Alterations shall be
performed in a good and workmanlike manner (the quality of materials and workmanship being at least
equal to that currently existing in the applicable Improvements), and shall be expeditiously
completed in compliance with all Laws and the provisions of this Lease; (d) no such Alteration
shall change the Permitted Use of any Premises;

6

 

(e) Tenant shall promptly pay all costs and
expenses of any such Alteration, and shall discharge all liens filed against any Premises arising
out of the same as provided in Section 5.5; (f) all such Alterations shall become a part of
the Improvements and shall be subject to this Lease; (g) the Alteration will not materially impair
the utility, useful life or operation of such Improvements or any other portion of the applicable
Premises; (h) no such Alteration shall create any debt or other encumbrance(s) on all or any
portion of such Premises, and (i) in the case of any Structural Alteration, such Structural
Alteration shall be made in accordance with plans and specifications therefor approved by Landlord
and the provisions of Section 5.3. No Alteration that does not satisfy all of the
foregoing requirements of this Section 5.2 shall be made without Landlord’s prior written
consent, which consent may be granted or withheld in Landlord’s sole discretion.

          Section 5.3. Prior to making any Structural Alterations, Tenant shall (a) submit to Landlord,
for Landlord’s written approval, detailed plans and specifications therefor in form satisfactory to
Landlord, together with a certificate from an architect and/or engineer licensed in the State in
which the applicable Premises are located stating that such Structural Alterations, if constructed
in accordance with the proposed plans and specifications, will not adversely affect the structural
integrity or Building Systems of the Improvements and will conform with all applicable Laws, (b) if
such Structural Alterations require a filing with any Governmental Authority or require the consent
of such authority, then such plans and specifications shall (i) be prepared and certified by a
registered architect or licensed engineer, and (ii) comply with all Laws to the extent necessary
for such governmental filing or consent, (c) at its expense, obtain all required permits, approvals
and certificates, (d) furnish to Landlord duplicate original policies or certificates of insurance
which evidence worker’s compensation coverage (covering all persons to be employed by Tenant, and
all contractors and subcontractors supplying materials or performing work in connection with such
Alterations), comprehensive general liability insurance (including property damage coverage),
comprehensive form automobile liability insurance and Builder’s Risk coverage (issued on a
completed value basis) all in such form, with such companies, for such periods and in such amounts
as Landlord may require, naming Landlord and any Mortgagee and Superior Lessor as an additional
insured, and, (e) with respect to such Structural Alteration that is estimated to cost more than
$500,000 to complete, furnish to Landlord a payment and performance bond, a cash deposit, letter of
credit or other security reasonably satisfactory to Landlord and its Mortgagee as security for the
performance and completion of such Structural Alteration. All Structural Alterations shall be
planned and constructed under the supervision of an architect and/or engineer licensed in the State
in which the applicable Premises are located. Upon completion of any Structural Alteration,
Tenant, at its expense, shall promptly obtain certificates of final approval of such Structural
Alteration as may be required by any Governmental Authority, and shall furnish Landlord with copies
thereof, together with “as-built” plans and specifications for such Structural Alterations prepared
on an Autocad Computer Assisted Drafting and Design System, Version 12 or later (or such other
system or medium as Landlord may accept in Landlord’s sole discretion). Tenant shall promptly
reimburse Landlord, as Additional Rent within ten (10) days after demand, for all costs and
expenses incurred by Landlord in connection with Landlord’s review of Tenant’s plans and
specifications.

          Section 5.4. All Alterations made by Tenant shall become the property of Landlord upon the
expiration or sooner termination of this Lease and, upon the Expiration Date or earlier termination
of the Term, (a) Tenant shall remove Tenant’s Property from the Premises,

7

 

at Tenant’s sole costs
and expense, and (b) unless Landlord notifies Tenant no later than thirty (30) days prior to the
Expiration Date that any Alteration made by Tenant may be removed from the Premises, Tenant shall
not remove any Alterations from the Premises. Tenant shall repair any damage to the Improvements
caused by the removal of Tenant’s Property and Tenant’s Alterations in a good and workmanlike
manner and, upon the expiration or sooner termination of this Lease, shall restore the Improvements
to their condition as existing on the date hereof (reasonable wear and tear excepted). Any of
Tenant’s Alterations or Tenant’s Property not so removed by Tenant at or prior to the Expiration
Date or earlier termination of the Term shall be deemed abandoned and may, at the election of
Landlord, either be retained as Landlord’s property or be removed from the Premises by Landlord at
Tenant’s expense. The provisions of this Section 5.4 shall survive the expiration or
earlier termination of this Lease.

          Section 5.5. If, because of any act or omission of Tenant or any Tenant Party, any mechanic’s
lien, U.C.C. financing statement or other lien, charge or order for the payment of money shall be
filed against Landlord, or against all or any portion of any Premises, Tenant shall, at its own
expense, cause the same to be discharged of record, by bonding or otherwise, within thirty (30)
days after the filing thereof, and Tenant shall indemnify, defend and save Landlord harmless
against and from all costs, expenses, liabilities, suits, penalties, claims and demands (including
reasonable attorneys’ fees and disbursements) resulting therefrom.

ARTICLE 6.

REPAIRS

          Section 6.1. Throughout the Term, Tenant, at its sole cost and expense, shall (a) take good
care of the Premises, including all of the buildings, structures, parking areas, driveways, access
roads, railroad spur lines and related facilities (to the extent of Landlord’s obligation to
maintain or repair the same pursuant to any applicable agreement with the railroad company), and
all other Improvements, and put, keep and maintain the same in clean, good and safe order and
condition, and, (b) subject to the provisions of Article 5, make all repairs therein and
thereon, interior and exterior, structural and nonstructural, ordinary and extraordinary, and
unforeseen and foreseen, necessary, in Landlord’s reasonable judgment, to keep the same in good and
safe order and condition, howsoever the necessity or desirability therefor may occur, and whether
or not necessitated by wear, tear, obsolescence or defects, latent or otherwise. Tenant shall not
commit or suffer, and shall use all reasonable precaution to prevent, waste, damage, or injury to
the Premises. As used in this Section 6.1 and the other Sections of this Lease, the term
“repairs” includes all necessary replacements, renewals, alterations, improvements, and additions,
including structural repairs and capital improvements. All repairs made by Tenant shall be equal
in quality and class to the quality and class of the Improvements existing on the date hereof.

          Section 6.2. Tenant shall, at its sole cost and expense, keep all driveways, parking areas,
sidewalks, ground areas and curbs on, in front of or adjacent to the Premises reasonably clean and
free from dirt, snow, ice, rubbish, obstructions and encumbrances.

          Section 6.3. Landlord shall not be required to furnish any services, utilities or facilities
whatsoever to the Premises. Landlord shall have no duty or obligation to make any

8

 

alteration, change, improvement, replacement or repair to any Premises, whether foreseen or unforeseen, or to
maintain any Premises, and Tenant hereby expressly waives the right to make repairs at the expense
of Landlord, which right may be provided for in any Laws now or hereafter in effect. Tenant assumes
the full and sole responsibility for the condition, operation, repair, alteration, improvement,
replacement, maintenance and management of the Premises.

ARTICLE 7.

IMPOSITIONS

          Section 7.1. (a) Tenant shall pay any and all (i) general and special real estate taxes
(including any personal property taxes, sales taxes, use taxes, and the like), assessments, water
and sewer rents, rates and charges, excise taxes, levies, license and permit fees, fines, penalties
and other governmental charges and any interest or costs with respect thereto (collectively,
“Taxes”), and (ii) charges for public and private utilities (including gas, electricity,
light, heat, air-conditioning, power and telephone and other communication services) (collectively,
“Utility Charges”), general and special, ordinary and extraordinary, foreseen and
unforeseen, of any kind and nature whatsoever which at any time prior to or during the Term may be
assessed, levied, confirmed, imposed upon, or grow or become due and payable out of or in respect
of, or charged with respect to or become a lien on, the Premises (all of the foregoing Taxes and
Utility Charges, collectively, “Impositions”).

          (b) Landlord shall use commercially reasonable efforts, and shall cooperate with Tenant, in
requesting that all bills for Taxes and Utility Charges be sent directly by the billing Entities to
Tenant throughout the Term.

          (c) If the Commencement Date or the Expiration Date shall occur on a date other than January 1
or December 31, respectively, any Impositions payable by Tenant under this Article 7 for
the year in which the Commencement Date or Expiration Date shall occur shall be apportioned in that
percentage which the number of days in the period from the Commencement Date to December 31 or from
January 1 to the Expiration Date, as the case may be, both inclusive, shall bear to the total
number of days in such year. Notwithstanding anything to the contrary set forth in this Lease,
Tenant shall have no obligation to pay any Impositions attributable to any period prior to the
Commencement Date or after the Expiration Date.

          Section 7.2. Nothing herein contained shall require Tenant to pay municipal, state or federal
income, inheritance, estate, succession, transfer or gift taxes of Landlord, or any corporate
franchise tax imposed upon Landlord.

          Section 7.3. (a) Tenant shall have the right, at its own expense, to contest by appropriate
proceedings the amount or validity, in whole or in part, of any Imposition or any lien or
encumbrance and, to the extent permitted by applicable Laws, to defer payment of such contested
Imposition or lien during such contest, provided that Tenant’s right to commence and/or to continue
any such contest shall be conditioned upon the following:

          (i) Prior to the commencement of any contest, Tenant shall have given Landlord written
notice thereof, and, in the case of any Imposition or lien that exceeds

9

 

$1,476,807.00, in
the aggregate, Tenant shall have furnished to Landlord a surety company bond, a cash
deposit, letter of credit other security reasonably satisfactory to Landlord, securing
payment of the contested Imposition or lien, and interest, charge, or penalty arising from
such contest;

          (ii) neither the Premises nor any part thereof would, in Landlord’s reasonable
judgment, be in material danger of being forfeited or lost by reason of such contest;

          (iii) if any lien or encumbrance is filed against the Premises as a result of such
contest, Tenant shall, at its own cost and expense, cause the same to be discharged of
record, by bonding or otherwise; and

          (iv) such content will not, in Landlord’s reasonable judgment, subject or threaten to
subject Tenant or Landlord to any criminal or material civil liability.

          (b) Tenant shall keep Landlord and each Mortgagee and Superior Lessor whose name and address
has been furnished to Tenant advised as to the status of any proceedings referred to in this
Section 7.3, and shall provide to Landlord and each Mortgagee such information regarding
such proceeding as Landlord may from time to time reasonably request.

          (c) Upon the termination of such proceedings, Tenant shall pay the amount of such Imposition
or part thereof as finally determined in such proceedings, the payment of which may have been
deferred during the prosecution of such proceedings, together with any costs, fees (including
counsel fees), interest, penalties or other liabilities in connection therewith.

          Section 7.4. At Tenant’s request and expense, Landlord shall join in any proceedings referred
to in Section 7.3, and if any Law shall require that such proceedings be brought by or in
the name of Landlord, Landlord shall permit the same to be brought in its name. Landlord shall not
ultimately be subject to any liability for the payment of any costs or expenses in connection with
any such proceedings, and Tenant will indemnify and save harmless Landlord from any such costs and
expenses. Any reduction or abatement of any Imposition pertaining to any part of the Term shall
inure to Tenant’s benefit, regardless of whether resulting from Tenant’s action, and regardless of
whether such reduction or abatement occurs during or after the Term. The provisions of this
Section 7.4 shall survive the expiration or other termination of this Lease.

          Section 7.5. If at any time during the Term, Taxes are required to be paid (either to the
appropriate taxing authorities or as a tax escrow to the holder of a Superior Lease or Mortgage) on
any other date or dates other than as presently required, then Tenant’s payment obligations in
respect of Taxes shall be correspondingly accelerated or revised so that such payments are due on
or prior to the date payments are due to such taxing authorities, Superior Lessor or Mortgagee, as
appropriate. Upon request by Tenant, Landlord will furnish Tenant with copies of all available tax
bills for the current Tax Year or the immediately preceding Tax Year with respect to the Real
Property.

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ARTICLE 8.

COMPLIANCE WITH LAWS

          Section 8.1. Tenant, at its sole expense, shall comply with all Laws applicable to the
Premises or the use and occupancy thereof by Tenant, and make all repairs or Alterations required
thereby, whether structural or nonstructural, ordinary or extraordinary, unless otherwise expressly
provided herein. Tenant shall not at any time use or occupy the Premises in violation of the
certificate of occupancy at such time issued for the Improvements and in the event that any
Governmental Authority shall hereafter contend or declare by notice, violation, order or in any
other manner whatsoever that the Premises are used for a purpose which is a violation of such
certificate of occupancy, Tenant shall, upon five (5) days’ written notice from Landlord or any
Governmental Authority, immediately discontinue such use of the Premises. Failure by Tenant to
discontinue such use after such notice shall be considered a default in the fulfillment of a
material covenant of this Lease and Landlord shall have the right to terminate this Lease
immediately, and in addition thereto shall have the right to exercise any and all rights and
privileges and remedies given to Landlord by and pursuant to the provisions of Articles 15
and 16.

          Section 8.2. (a) Tenant shall have the right, at its own expense, to contest by appropriate
proceedings the validity or applicability of any Laws and to defer compliance with any such
contested Laws during such contest, provided that Tenant’s right to commence and/or to continue any
such contest shall be conditioned upon the following:

          (i) Prior to the commencement of any contest, Tenant shall have given Landlord written
notice thereof

          (ii) neither the Premises nor any part thereof would, in Landlord’s reasonable
judgment, be in material danger of being forfeited or lost by reason of such contest;

          (iii) if any lien or encumbrance is filed against the Premises as a result of such
contest, Tenant shall, at its own cost and expense, cause the same to be discharged of
record, by bonding or otherwise; and

          (iv) neither such contest nor Tenant’s non-compliance with such Laws would, in
Landlord’s reasonable judgment, subject or threaten to subject Tenant or Landlord to any
criminal or material civil liability.

          (b) Tenant shall keep Landlord and each Mortgagee and Superior Lessor whose name and address
has been furnished to Tenant advised as to the status of any proceedings referred to in this
Section 8.2, and shall provide to Landlord and each Mortgagee such information regarding
such proceeding as Landlord may from time to time reasonably request.

          (c) At Tenant’s request and expense, Landlord shall join in any proceedings referred to in
this Section 8.2, and if any Laws shall require that such proceedings be brought by or in
the name of Landlord, Landlord shall permit the same to be brought in its name, provided that
Landlord shall have no right to settle any such proceeding without the consent of Tenant.

11

 

Landlord shall not ultimately be subject to any liability for the payment of any costs or expenses in
connection with any such proceedings, and Tenant shall indemnify and save harmless Landlord from
any such costs and expenses. The provisions of this Section 8.2 shall survive the
expiration or other termination of this Lease

          Section 8.3. Tenant shall defend, indemnify and hold harmless Landlord against any and all
Losses which Landlord shall suffer by reason of Tenant’s failure to comply with, or Tenant’s
contest of, any applicable Laws. The provisions of this Section 8.3 shall survive the
expiration or other termination of this Lease.

ARTICLE 9.

INSURANCE

          Section 9.1. Tenant, at its expense, shall obtain and keep in full force and effect during the
Term:

          (a) Insurance against loss or damage to the Improvements, Tenant’s Property, and all
Alterations to the Improvements, whether existing on the date of this Lease or hereafter installed,
by fire, lightning, windstorm, tornado and hail and against loss and damage by such other, further
and additional risks as may be now or hereafter are included in a standard “special form” policy
(formerly known as an “all-risk” endorsement policy), and against loss or damage by all other risks
and hazards covered by a standard extended coverage insurance policy, including, without
limitation, riot and civil commotion, vandalism, malicious mischief, burglary and theft, in an
amount equal to the greater of (i) such amount that the insurer would not deem Tenant a co-insurer
under said policies and (ii) one hundred percent (100%) of the full replacement (insurable) cost of
the Improvements, Tenant’s Property and all such Alterations from time to time, without reduction
for depreciation. The determination of the replacement cost amount shall be adjusted annually to
comply with the requirements of the insurer issuing such coverage or, at Landlord’s election, by
reference to such indices, appraisals or information as Landlord determines in its reasonable
discretion. Full replacement cost, with respect to such improvements, means the cost of replacing
such improvements, without regard to deduction for depreciation, exclusive of the cost of
excavations, foundations and footings below the lowest basement floor, and means, with respect to
such furniture, furnishings, fixtures, equipment and other items, the cost of replacing the same,
in each case, with inflation guard coverage to reflect the effect of inflation, or annual
valuation. Each policy or policies shall also insure the additional expense of demolition and if
any of the Improvements or the use of the Premises shall at any time constitute legal
non-conforming structures or uses, provide coverage for contingent liability from Operation of
Building Laws, Demolition Costs and Increased Cost of Construction Endorsements and containing an
“Ordinance or Law Coverage” or “Enforcement” endorsement and contain a replacement cost endorsement
and either an agreed amount endorsement (to avoid the operation of any co-insurance provisions) or
a waiver of any co-insurance provisions, all subject to Landlord’s approval. The deductible with
respect to such insurance shall not be greater than $1,000,000.00 per occurrence.

          (b) Commercial general liability insurance and umbrella liability coverage for personal
injury, bodily injury, including accident or death and property damage, providing in

12

 

combination no less than $50,000,000 per occurrence and in the annual aggregate, and Automobile insurance
including coverage for “Owned” (if any), “Hired” and “Non Owned vehicles”. Tenant shall be named
as the named insured and Landlord and each Mortgagees and Superior Lessors shall be named as
additional insureds either on a specific endorsement or under a blanket endorsement, which
insurance shall provide primary coverage without contribution from any other insurance carried by
or for the benefit of Landlord or any Mortgagee or Superior Lessor, and Tenant agrees to obtain
blanket broad-form contractual liability and products and completed operations liability coverage
to insure its indemnity obligations set forth in Article 26. During any construction on
the Premises, the general contractor for such construction shall also provide the insurance
required by this Section 9.1(b). Landlord hereby retains the right to periodically review
the amount of said liability insurance being maintained by Tenant and to require an increase in the
amount of said liability insurance should Landlord deem an increase to be reasonably prudent under
then existing circumstances. The deductible with respect to such insurance shall not be greater
than $1,000,000.00 per occurrence.

          (c) Worker’s compensation insurance covering all persons employed by Tenant at the Premises as
required by applicable Laws.

          (d) During the performance of any Alterations, until completion thereof (i) a so-called
“Builder’s All-Risk Completed Value” or “Course of Construction” insurance policy in non-reporting
completed value form including a Permission to Complete and Occupy endorsement, for full
replacement value of all such Alterations, naming Tenant as a named insured and naming Landlord,
the general contractor and construction manager, if any, and any subcontractor designated by Tenant
as loss payees, as their respective interests may appear, and naming each Mortgagee under a
standard form mortgagee endorsement or its equivalent, and (ii) worker’s compensation insurance
covering all persons engaged in such Alterations. The deductible for such insurance, if any, shall
be satisfactory to Landlord.

          (e) If any Premises or portion thereof is identified by the Secretary of Housing and Urban
Development as being situated in an area now or subsequently designated as having special flood
hazards (including, without limitation, those areas designated as Zone A or Zone V), flood
insurance in an amount equal to the lesser of: (i) the minimum amount required, under the terms of
coverage, to compensate for any damage or loss on a replacement basis; or (ii) the maximum
insurance available under the appropriate National Flood Insurance Administration program. The
deductible with respect to such insurance for either Zone A or Zone V shall be five percent (5%) of
the total insurable value of such Premises and Tenant’s Property, subject to a minimum claim of
$1,000,000.00 per occurrence.

          (f) Insurance against loss or damage from (i) leakage of sprinkler systems (if a result of a
peril required to be covered under Section 9.1(a)), and (ii) explosion of any steam or
pressure boilers or similar apparatus located in or about the Premises with a minimum liability
amount per accident equal to the lesser of (x) the replacement (insurable) value of the Premises
housing such boiler or pressure-fired machinery and (y) $10,000,000.00, per occurrence, and having
a deductible which shall not exceed $1,000,000.00 per claim, covering the Improvements and Tenant’s
Property (excluding footings and foundations and other parts of the Improvements which are not
insurable).

13

 

          (g) If any Premises or portion thereof is or ever becomes non-conforming, including, but not
limited to, legal non-conforming, with respect to zoning, ordinance or law coverage to compensate
for the cost of demolition and the increased cost of construction in amounts requested by Landlord,
which will contain Coverage A: “Loss Due to Operation of Law” (with a minimum liability limit
equal to Replacement Cost With Agreed Value Endorsement), and Coverage B: “Demolition Cost” and
Coverage C: “Increased Cost of Construction” coverages.

          (h) If an individual Premises is located in a major earthquake damage area and earthquake
insurance is available at a commercially reasonable premium, Tenant shall maintain throughout the
Term earthquake insurance applicable to such Premises for the full replacement value of such
Premises.

          (i) Supplemental Business Interruption insurance in an amount equal to twelve (12) months
actual rental loss, including coverage for continuing expenses including rents and with a coverage
limit of $7,000,000. Each such insurance policy shall contain an agreed amount (coinsurance
waiver). In the event business interruption insurance is no longer available at commercially
reasonable rates, then in lieu of obtaining business interruption insurance, Tenant may elect to
deposit with Landlord or its Mortgagee, or deliver to such Mortgagee a letter of credit, in form
and substance reasonably satisfactory to Landlord and such Mortgagee, in either case in an amount
equal to (i) $7,000,000 or (ii) the difference between $7,000,000 amount of business interruption
insurance below $7,000,000 (the “Business Interruption Reserve Amount”), which Business
Interruption Reserve Amount shall be applied by Mortgagee toward any deficiency in the rent
resulting from a casualty or a taking.

          (j) To the extent commercially available, Tenant shall maintain insurance with respect to the
Improvements and all Building Systems covering acts of sabotage or acts by terrorist groups or
individuals (“Terrorism Insurance”) throughout the Term consistent with the amounts of
insurance required by this Sections 9.1 in an amount not less than $25,000,000, and having
a deductible commensurate with the deductibles under the insurance required by this Sections
9.1 or such lesser coverage amount or such greater deductible, on a blanket basis, that is
acceptable to Landlord. Tenant agrees that if any property insurance policy covering any of the
Premises provides for any exclusions of coverage for acts of terrorism, then a separate Terrorism
Insurance policy in the coverage amount required under this Sections 9.1(j) and in form and
substance reasonably acceptable to Landlord will be obtained by Tenant for such Premises to the
extent such Terrorism Insurance is commercially available. Landlord agrees that Terrorism
Insurance coverage may be provided under a blanket policy that is reasonably acceptable to
Landlord. Notwithstanding anything to the contrary in this Sections 9.1(j), Tenant shall
not be obligated to maintain Terrorism Insurance in an amount more than that which can be purchased
for a sum equal to $150,000 or such lesser amount of coverage acceptable to Landlord

          (k) Storage Tank System Third Party Liability and Cleanup Insurance for the Premises providing
coverage amounts not less than $2,000,000 per occurrence and $4,000,000 in the annual aggregate.

          (l) Such additional and/or other insurance with respect to the Premises and Tenant’s Property
or on any replacements or substitutions thereof or additions thereto as may

14

 

from time to time be
required by Landlord against other insurable hazards or casualties which at the time are commonly
insured against by prudent owners and tenants of property similarly situated, including, without
limitation, Sinkhole, Mine Subsidence, Mold and Environmental insurance, due regard being given to
the height and type of buildings, their construction, location, use and occupancy.

          Section 9.2. All insurance companies providing the coverage required under Section 9.1
shall be selected by Tenant and shall have claims-paying-ability and financial strength ratings by
S&P of not less than “A” and (y) an Alfred M. Best Company, Inc. rating of “A-” or better and a
financial size category of not less than “X”, shall be licensed to write insurance policies in the
State in which the applicable Premises is located, and shall be acceptable to Landlord in
Landlord’s reasonable discretion. Tenant shall provide Landlord with copies of all certificates of
such coverage for the insurance required pursuant to this Article 9, including evidence of
waivers of subrogation required pursuant to Section 9.5. All commercial general liability
policies required pursuant to Section 9.1 shall name Landlord, and each Mortgagees and
Superior Lessors (whose names shall have been furnished to Tenant) as additional insureds, and any
such coverage for additional insureds shall be primary and non-contributory with any insurance
carried by Landlord or any other additional insured, and all umbrella liability or excess liability
policies shall be so-called “follow form” with respect to such policies. All property insurance
policies required pursuant to Section 9.1 shall name Landlord as a loss payee, as
Landlord’s interests may appear, and shall provide that all losses shall be payable as herein
provided. All such policies of insurance shall provide that the amount thereof shall not be
reduced and that none of the provisions, agreements or covenants contained therein shall be
modified or canceled by the insuring company or companies without thirty (30) days prior written
notice being given to Landlord and each Mortgagee and Superior Lessor. Each policy shall also
provide that any losses otherwise payable thereunder shall be payable notwithstanding any
unintentional error or omission of Landlord or Tenant which might, absent such provision, result in
a forfeiture of all or a part of such insurance payment. Such policy or policies of insurance may
also cover loss or damage to Tenant’s Property located on the Premises, and the insurance proceeds
applicable to Tenant’s Property shall not be paid to Landlord, but shall accrue and be payable
solely to Tenant. If said insurance or any part thereof shall expire, be withdrawn, become void by
breach of any condition thereof by Tenant or become void or unsafe by reason of the failure or
impairment of the capital of any insurer, Tenant shall immediately obtain new or additional
insurance reasonably satisfactory to Landlord.

          Section 9.3. Anything in this Article 9 to the contrary notwithstanding, any insurance
which Tenant is required to obtain pursuant to Section 9.1 may be carried under a “blanket”
policy or policies covering other properties or liabilities of Tenant, provided that, in the event
that any such coverage is provided in the form of a blanket policy, Tenant hereby acknowledges and
agrees that failure to pay any portion of the premium therefor which is not allocable to the
Premises and Tenant’s Property or by any other action not relating to the Premises and Tenant’s
Property which would otherwise permit the issuer thereof to cancel the coverage thereof, would
require the Premises and Tenant’s Property to be insured by a separate, single-property policy. In
the event any such insurance is carried under a blanket policy, Tenant shall deliver to Landlord
and each Mortgagee an ACORD certificate evidencing the issuance and effectiveness of the policy,
the amount and character of the coverage with respect to the

15

 

applicable Premises and the presence
in the policy of provisions of the character required in the above sections of this Article
9.

          Section 9.4. Tenant shall pay as they become due all premiums for the insurance required by
Section 9.1, shall renew or replace each policy, and shall deliver to Landlord and each
Mortgagee a certificate or other evidence (reasonably satisfactory to Landlord’s Mortgagee and
Landlord) of the existing policy and such renewal or replacement policy at least thirty (30) days
prior to the expiration date of each policy. In the event of Tenant’s failure to comply with any
of the foregoing requirements of this Article 9 within five (5) Business Days of the giving
of written notice by Landlord to Tenant, Landlord shall be entitled to procure such insurance. Any
sums expended by Landlord in procuring such insurance shall be Additional Rent and shall be repaid
by Tenant, together with interest thereon at the Default Rate, from the time of payment by Landlord
until fully paid by Tenant immediately upon written demand therefor by Landlord.

          Section 9.5. (a) Landlord and Tenant hereby waive any and all rights of recovery against the
other, or against the officers, employees, partners, agents and representatives of the other, for
loss of or damage to the property of the waiving party to the extent such loss or damage is
typically covered under standard forms of “all risk” insurance policies with extended coverage. In
addition, the parties hereto shall procure an appropriate clause in, or endorsement on, any fire or
extended coverage insurance covering the Premises, and personal property, fixtures and equipment
located thereon or therein, pursuant to which the insurance companies waive subrogation or consent
to a waiver of right of recovery and subject to obtaining such clauses or endorsements of waiver of
subrogation or consent to a waiver of right of recovery, hereby agree not to make any claim against
or seek to recover from the other for any loss or damage to its property or the property of others
resulting from fire or other hazards covered by such fire and extended coverage insurance;
provided, however, that the release, discharge, exoneration and covenant not to sue
herein contained shall be limited by and coextensive with the terms and provisions of the waiver of
subrogation clause or endorsements or clauses or endorsements consenting to a waiver of right of
recovery. Tenant acknowledges that Landlord shall not carry insurance on and shall not be
responsible for damage to, the Improvements or Tenant’s Property, and that Landlord shall not carry
insurance against, or be responsible for any loss suffered by Tenant due to interruption of
Tenant’s business. The waiver of subrogation and releases described in this Section 9.5(a)
shall apply to the Premises, the Adjacent Premises, and other property owned by Landlord.

               (b) Notwithstanding anything in this Lease to the contrary, as to each party hereto, provided
such party’s right of full recovery under such insurance as such party may or shall be required to
carry hereunder is not adversely affected, such party hereby releases the other (and its servants,
agents, contractors, employees and invitees) with respect to any claim (including a claim for
negligence) which it might otherwise have against the other party for loss, damages or destruction
of the type covered by such insurance with respect to its property by fire or other casualty
occurring during the Term.

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ARTICLE 10.

DAMAGE TO PREMISES

          Section 10.1. If all or any portion of any Improvements on any parcel of Land shall be damaged
by fire or other casualty, Tenant shall promptly notify Landlord thereof and shall diligently
repair or reconstruct such Improvements, in a good and workmanlike manner, to a like or better
condition than existed prior to such damage or destruction, with such Alterations or modifications
thereto as Tenant shall deem necessary or desirable, subject to the provisions of Article 5
(the “Restoration”), at Tenant’s sole cost and expense and whether or not the insurance
proceeds applicable to damage or destruction of such Improvements shall be sufficient.

          Section 10.2. So long as Tenant is not in default beyond applicable grace or notice provisions
in the payment or performance of its obligations hereunder, Tenant shall be entitled to receive all
insurance proceeds payable with respect to any damage to the Improvements or any of Tenant’s
Property by fire or other casualty. Landlord agrees to pay over to Tenant from time to time, for
the costs of the Restoration, any proceeds which may be received by Landlord from insurance carried
by Landlord or Tenant, less any actual, reasonable out-of-pocket expenses paid by Landlord in the
collection of such proceeds.

          Section 10.3. The Rent payable under this Lease shall not abate by reason of any damage or
destruction of any Improvements by reason of an insured or uninsured casualty; provided,
however, that Tenant shall receive a credit against the Rent and other sums due hereunder
in an amount equal to the proceeds of any business interruption insurance carried by Tenant, to the
extent that such proceeds are paid to Landlord. Tenant hereby waives all rights under applicable
Laws to abate, reduce or offset Rent by reason of such damage or destruction.

          Section 10.4. Notwithstanding the foregoing provisions of this Article 10, if there
exists a Mortgage, (a) the terms and conditions of such Mortgage shall be satisfied prior to the
disbursement of any insurance proceeds for the Restoration of any damage to the Land or
Improvements, and (b) Mortgagee shall have the right to supervise and control the receipt and
disbursements of such insurance proceeds and, subject to the terms of such Mortgage, shall be
entitled to apply any insurance proceeds which are not used to pay for the costs of such
Restoration to the reduction of the debt secured by the Mortgage.

ARTICLE 11.

EMINENT DOMAIN

          Section 11.1. If all or substantially all of the Improvements on any parcel of Land (or such
portion of such Improvements that Tenant, in Tenant’s reasonable judgment, is unable to reasonably
operate its business in substantially the same manner as on the date immediately preceding an
acquisition or condemnation thereof), or any parcel of the Land, shall be acquired or condemned for
any public or quasi-public use or purpose, then Tenant shall promptly notify Landlord thereof and
this Lease and the Term shall end only with respect to such acquired or condemned parcel (or
parcels) of Land (and the Improvements located thereon) as of the date of the vesting of title
thereto with the same effect as if that date were the Expiration

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Date. In the event that this
Lease is terminated pursuant to this Section 11.1 with respect to any acquired or condemned
parcel (or parcels) of Land (and the Improvements located thereon), and Landlord shall not have
elected to substitute another parcel (or parcels) of land and improvements for the parcel (or
parcels) of Land and the Improvements so acquired or condemned in accordance with the provisions of
Article 28, then the Fixed Rent payable hereunder shall be (a) reduced by the amount of the
Fixed Rent allocated to the acquired or condemned parcel (or parcels) of Land (and the Improvements
located thereon) as set forth on Exhibit E to this Lease as of the termination date, and
(b) paid or refunded up to and including, such termination date.

          Section 11.2. If a part of any of the Improvements shall be so acquired or condemned and this
Lease and the Term shall not be terminated with respect to the parcel (or parcels) of Land so
affected, then Tenant shall promptly commence and thereafter and diligently proceed to repair or
reconstruct such Improvements, in a good and workmanlike manner, to a like condition as, or better
condition than, existed prior to such damage or destruction, with such Alterations or modifications
thereto as Tenant shall deem necessary or desirable, subject to the provisions of Article
5, at Tenant’s sole cost and expense. So long as Tenant is not in default beyond applicable
grace or notice provisions in the payment or performance of its obligations hereunder, Tenant shall
be entitled to receive all or such portion of the condemnation award paid with respect to such
acquisition or condemnation as is required to pay all cost of the Restoration, including, subject
to the provisions of Section 11.3, the costs to repair or replace any Alterations and
Tenant’s Property damaged or taken in such acquisition or condemnation.

          Section 11.3. Subject to the provisions of Section 11.2, Landlord shall receive the
entire award for any acquisition or condemnation of all of the Improvements or the Land, and Tenant
shall have no claim against Landlord or the condemning authority for the value of any unexpired
portion of the Term, Tenant’s Alterations or improvements; and Tenant hereby assigns to Landlord
all of its rights in and to any such award. Nothing contained in this Article 11 shall be
deemed to prevent Tenant from making a separate claim in any condemnation proceedings for the then
value of any Tenant’s Property included in such taking and for any moving expenses, provided any
such award is in addition to, and does not result in a reduction of, the award made to Landlord.

          Section 11.4. Except as otherwise expressly provided in Section 11.1, this Lease shall
not terminate and shall remain in full force and effect in the event of any acquisition or
condemnation of any Premises, or any portion thereof, and, except as otherwise expressly provided
by the provisions of this Lease, Tenant hereby waives all rights under applicable Laws to abate,
reduce or offset Rent by reason of such taking.

          Section 11.5. Notwithstanding the foregoing provisions of this Article 11, if there
exists a Mortgage, (a) the terms and conditions of such Mortgage shall be satisfied prior to the
disbursement of any condemnation award for the Restoration of any damage to the Land or
Improvements, and (b) Mortgagee shall have the right to supervise and control the receipt and
disbursements of such condemnation award and, subject to the terms of such Mortgage, shall be
entitled to apply any portion of the condemnation award which is not used to pay for the costs of
such Restoration to the reduction of the debt secured by the Mortgage.

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ARTICLE 12.

ASSIGNMENT AND SUBLETTING

          Section 12.1. (a) Except as otherwise provided in this Article 12, and it being
agreed that Tenant shall have the right to place a lien on Tenant’s Property to the extent set
forth in documents evidencing Tenant’s Credit Facility, Tenant shall not assign, mortgage, pledge,
encumber, or otherwise transfer this Lease, whether by operation of law or otherwise, and shall not
sublet (or underlet), license, franchise or permit or suffer the Premises or any part thereof to be
used or occupied by others (whether for desk space, mailing privileges or otherwise), without
Landlord’s prior written consent, which consent may be granted or withheld in Landlord’s sole
discretion. Any assignment, sublease, license, franchise, mortgage, pledge, encumbrance or
transfer in contravention of the provisions of this Article 12 shall be null and void.

               (b) If, without Landlord’s consent, this Lease is assigned, or the Premises is sublet or
occupied by anyone other than Tenant, or this Lease or the Premises is encumbered (by operation of
law or otherwise), Landlord may collect rent from the assignee, subtenant or occupant and apply the
net amount collected to the Rent herein reserved. No such collection of rent shall be deemed to be
(i) a waiver of the provisions of this Article 12, (ii) an acceptance of the assignee,
subtenant or occupant as tenant, or (iii) a release of Tenant from the performance of any of the
terms, covenants and conditions to be performed by Tenant under this Lease, including the payment
of Rent.

               (c) Landlord’s consent to any assignment or subletting shall not relieve Tenant from the
obligation to obtain Landlord’s express consent to any further assignment or subletting. In no
event shall any permitted subtenant assign or encumber its sublease or further sublet the Premises,
or otherwise suffer or permit any portion of the Premises to be used or occupied by others.

          Section 12.2. If Tenant shall, at any time or from time to time, during the Term desire to
assign this Lease or sublet all of the Premises, Tenant shall give notice (a “Tenant’s
Notice”) thereof to Landlord, which Tenant’s Notice shall set forth: (a) with respect to an
assignment of this Lease, the date Tenant desires the assignment to be effective and any
consideration Tenant would receive under such assignment; (b) with respect to a sublet of all of
the Premises (i) the dates upon which Tenant desires the sublease term to commence and expire, and
(ii) the rental rate and other material business terms upon which Tenant would sublet the Premises,
(c) a statement setting forth in reasonable detail the identity of the proposed assignee or
subtenant, the nature of its business and its proposed use of the Premises, (d) current financial
information with respect to the proposed assignee or subtenant, including its most recent financial
report, (e) a true and complete copy of the proposed assignment or sublease and any other
agreements relating thereto, and (f) an agreement by Tenant to indemnify, defend, protect and hold
harmless Landlord from and against any and all Losses resulting from any claims that may be made
against Landlord by the proposed assignee or subtenant or by any brokers or other Persons claiming
a commission or similar compensation in connection with the proposed assignment or sublease,
irrespective of whether Landlord shall give or decline to give its consent to any proposed
assignment or sublease.

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          Section 12.3. (a) Notwithstanding anything to the contrary contained in Section 12.1
(but subject to the consent rights of any Mortgagee or Superior Lessor), provided that no Event of
Default shall have occurred and be continuing under this Lease as of the time Landlord’s consent is
requested by Tenant, Landlord shall consent to a proposed assignment of this Lease or sublease of
all of the Premises; provided, that the proposed assignee or subtenant shall have a net
worth equal to or greater than the net worth of Tenant as of the Commencement Date (and evidence
reasonably satisfactorily to Landlord of such net worth shall have been delivered to Landlord).

               (b) With respect to each and every sublease consented to by Landlord under the provisions of
this Lease, it is further agreed that:

               (i) no sublease shall be for a term ending later than one day prior to the Expiration
Date of this Lease;

               (ii) no sublease shall be delivered to any subtenant, and no subtenant shall take
possession of any part of the Premises, until an executed counterpart of such sublease has
been delivered to Landlord and approved in writing by Landlord; and

               (iii) any sublease shall be subject and subordinate to this Lease and to the matters to
which this Lease is or shall be subordinate, and each subtenant by entering into a sublease
is deemed to have agreed that in the event of termination, re-entry or dispossession by
Landlord under this Lease, Landlord may, at its option, take over all of the right, title
and interest of Tenant, as sublandlord, under such sublease, and such subtenant shall, at
Landlord’ s option, attorn to Landlord pursuant to the then executory provisions of such
sublease, except that Landlord shall not (A) be liable for any previous act or omission of
Tenant under such sublease, (B) be subject to any counterclaim, offset or defense, not
expressly provided in such sublease, which theretofore accrued to such subtenant against
Tenant, (C) be bound by any previous modification of such sublease or by any previous
prepayment of more than one month’s Fixed Rent or of any Additional Rent, or (D) be
obligated to perform any work in the subleased space or to prepare it for occupancy, and in
connection with such attornment, the subtenant shall execute and deliver to Landlord any
instruments Landlord may reasonably request to evidence and confirm such attornment. Each
subtenant or licensee of Tenant shall be deemed, automatically upon and as a condition of
its occupying or using the Premises, to have agreed to be bound by the terms and conditions
set forth in this Article 12. The provisions of this Article 12.3(b) shall
be self-operative and no further instrument shall be required to give effect to this
provision.

               (c) In the event that Tenant fails to execute and deliver the assignment or sublease to which
Landlord consented within one hundred twenty (120) days after the giving of such consent, then
Tenant shall again comply with all of the provisions and conditions of this Article 12
before assigning this Lease or subletting all of the Premises.

          Section 12.4. Notwithstanding any assignment or subletting or any acceptance of Rent by
Landlord from any assignee or subtenant, Tenant shall remain fully liable for the

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payment of all
Rent due and for the performance of all other terms, covenants and conditions contained in this
Lease on Tenant’s part to be observed and performed, and any default under any term, covenant or
condition of this Lease by any subtenant shall be deemed a default under this Lease by Tenant.

          Section 12.5. (a) Any Change of Control (as a result of one or more transactions) of Tenant
shall be deemed an assignment of this Lease for all purposes of this Article 12. The
limitations set forth in this Section 12.5 shall be deemed to apply to assignees and
Guarantors of this Lease, if any, and any transfer of ownership interests in, or any merger,
consolidation or transfer of assets of, any such Entity in violation of this Section 12.5
shall be deemed to be an assignment of this Lease in violation of Section 12.1.
Notwithstanding the forgoing or anything to the contrary contained in this Lease, the provisions of
this Article 12 shall not apply to or prohibit, and Landlord’s consent shall not be
required with respect to (i) the transfer of shares of stock of Tenant or any Person that is an
Affiliate of Tenant that are publicly traded, in ordinary course trading on a nationally recognized
stock exchange, and/or (ii) an initial public offering of Tenant’s or such Person’s stock, provided
that such initial public offering shall be subject to and made in compliance with all applicable
requirements set forth in any Mortgage or other loan documents made by Landlord with or in favor of
the Mortgagee thereunder.

               (b) A modification, amendment or extension of a sublease shall be deemed a sublease for the
purposes of Section 12.1, and a lease takeover agreement shall be deemed an assignment of
this Lease for the purposes of Section 12.1.

          Section 12.6. Any assignment or transfer which is or is deemed to be an assignment of this
Lease shall be made only if, and shall not be effective until, the assignee shall (a) execute,
acknowledge and deliver to Landlord an agreement in form and substance satisfactory to Landlord
whereby the assignee shall assume the obligations of this Lease on the part of Tenant to be
performed or observed from and after the effective date of such assignment or transfer, and whereby
the assignee shall agree that the provisions of Section 12.1 shall, notwithstanding such
assignment or transfer, continue to be binding upon it in respect of all future assignments and
transfers, and (b) deliver to Landlord the certificates of insurance as required under Article
9.

          Section 12.7. The joint and several liability of Tenant and any immediate or remote successor
in interest of Tenant for the due performance of the obligations on Tenant’s part to be performed
or observed pursuant to this Lease shall not be discharged, released or impaired in any respect by
any agreement or stipulation made by Landlord, or any grantee or assignee of Landlord by way of
mortgage or otherwise, extending the time for performance of, or otherwise modifying, any of such
obligations, or by any waiver or failure of Landlord, or any grantee or assignee of Landlord by way
of mortgage or otherwise, to enforce any of such obligations.

ARTICLE 13.

SUBORDINATION; ESTOPPEL CERTIFICATES

          Section 13.1. Subject to the provisions of Section 13.4, the rights and interests of
Tenant under this Lease any and all liens, rights and interests (whether choate or inchoate and

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including, without limitation, all mechanic’s and materialmen’s liens under applicable law) owed,
claimed or held by Tenant in and to the Land and Improvements are and shall be in all respects
subject, subordinate and inferior to any Mortgage (and any other loan documents executed and/or
delivered in connection with such Mortgage), and to the liens, security interests and all other
rights and interests created or to be created therein or thereby for the benefit of Mortgagee, and
securing the repayment of the debt secured by any such Mortgage, including, without limitation,
those created under the Mortgage covering, amount other things, the Land and Improvements, and
filed or to be filed of record in the public records maintained for the recording of mortgages in
the jurisdiction where each parcel of Land is located, and all renewals, extensions, increases,
supplements, spreaders, consolidations, amendments, modifications and replacements thereof and to
all sums secured thereby and advances made thereunder with the same force and effect as if the
Mortgage and the loan documents executed in connection therewith had been executed and delivered
and the Mortgage recorded prior to the execution and delivery of this Lease. At its option and in
its sole discretion, Mortgagee may elect to give the rights and interest of Tenant and the Lease
priority over the lien of the Mortgage. In the event of such election, the rights and interest of
Tenant under the Lease automatically shall have the priority over the lien of the Mortgage and no
additional consent or instrument shall be necessary or required. Tenant agrees to execute and
deliver whatever instruments may be reasonably requested by Mortgagee for the purposes of this
Section 13.1, and in the event that Tenant fails to do so after demand in writing, Tenant
does hereby make, constitute and irrevocably appoint Landlord as Tenant’s attorney-in-fact and in
its name, place and stead so to do.

          Section 13.2. In the event of any act or omission of Landlord which would give Tenant the
right, immediately or after lapse of a period of time, to cancel or terminate this Lease, or to
claim a partial or total eviction, Tenant shall not exercise such right (a) until it has given
written notice of such act or omission to each Mortgagee and Superior Lessor whose name and address
shall previously have been furnished to Tenant in writing, and (b) unless such act or omission
shall be one which is not capable of being remedied by Landlord or such Mortgagee or Superior
Lessor within a reasonable period of time, until a reasonable period for remedying such act or
omission shall have elapsed following the giving of such notice and following the time when such
Mortgagee or Superior Lessor shall have become entitled under such Mortgage or Superior Lease, as
the case may be, to remedy the same (which reasonable period shall in no event be more than thirty
(30) days longer than the period to which Landlord would be entitled under this Lease or otherwise,
after similar notice, to effect such remedy), provided such Mortgagee or Superior Lessor shall with
due diligence give Tenant written notice of its intention to remedy such act or omission, and such
Mortgagee or Superior Lessor shall commence and thereafter continue with reasonable diligence to
remedy such act or omission. If more than one Mortgagee or Superior Lessor shall become entitled
to any additional cure period under this Section 13.2, such cure periods shall run
concurrently, not consecutively.

          Section 13.3. If a Mortgagee or Superior Lessor shall succeed to the rights of Landlord under
this Lease, whether through possession or foreclosure action or delivery of a new lease or deed,
then at the request of such party so succeeding to Landlord’s rights (“Successor Landlord”)
and upon Successor Landlord’s written agreement to accept Tenant’s attornment, Tenant shall attorn
to and recognize Successor Landlord as Tenant’s landlord under this Lease, and shall promptly
execute and deliver any instrument that Successor Landlord may reasonably request to evidence such
attornment. Upon such attornment this Lease shall continue in full

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force and effect as, or as if
it were, a direct lease between Successor Landlord and Tenant upon all of the terms, conditions and
covenants as are set forth in this Lease and shall be applicable after such attornment except that
Successor Landlord shall not:

               (i) be liable for any previous act or omission of Landlord under this Lease (provided
that nothing contained herein shall be deemed to relieve any Successor Landlord of any
liability arising by reason of such Successor Landlord’s acts or omissions occurring after
the date such Successor Landlord succeeds to Landlord’s interest under this Lease);

               (ii) be subject to any offset which shall have theretofore accrued to Tenant against
Landlord; or

               (iii) be bound by any previous modification of this Lease, not expressly provided for
in this Lease, or by any previous prepayment of more than one month’s Fixed Rent, unless
such modification or prepayment shall have been expressly approved in writing by such
Successor Landlord.

          Section 13.4. Notwithstanding the foregoing provisions of this Article 13, as a
condition to Tenant’s agreement hereunder to subordinate Tenant’s interest in this Lease to any
existing or future Mortgages or Superior Leases, Landlord shall deliver to Tenant for execution and
acknowledgment a Non-Disturbance Agreement from the Mortgagee or Superior Lessor, as applicable,
under each Mortgage and Superior Lease. A “Non-Disturbance Agreement” shall mean a
subordination, attornment and non-disturbance agreement duly executed and acknowledged by a
Mortgagee or a Superior Lessor, as the case may be, and by Landlord, in form acceptable for
recording in each of the States in which the Premises are located, and (a) in the form attached as
Exhibit F to this Lease, in the case of the existing Mortgagee, and (b) as to future
Mortgagees and Superior Lessors, in the form customarily employed by such Mortgagee or Superior
Lessor and reasonably satisfactory to Tenant, provided that in no event shall any such
Non-Disturbance Agreement materially increase the obligations or materially decrease the rights of
Tenant under this Lease. Tenant agrees to execute, acknowledge and deliver to Landlord any such
Non-Disturbance Agreement promptly after delivery by Landlord or any Mortgagee or Superior Lessor.

          Section 13.5. Landlord and Tenant agree that upon the request of Mortgagee made in accordance
with Section 2.2(c), the Rent payable hereunder shall be paid directly to such Mortgagee or
as such Mortgagee may direct.

          Section 13.6. Each party agrees, at any time and from time to time, as requested by the other
party, upon not less than ten (10) days’ prior notice, to execute and deliver to the other a
written statement executed and acknowledged by such party (a) stating that this Lease is then in
full force and effect and has not been modified (or if modified, setting forth all modifications),
(b) setting forth the then annual Fixed Rent, (c) setting forth the date to which the Fixed Rent
and Additional Rent have been paid, (d) stating whether or not, to the best knowledge of the
signatory, the other party is in default under this Lease, and if so, setting forth the specific
nature of all such defaults, (e) stating whether there is a sublease affecting any Premises, (g)
stating the address of the signatory to which all notices and communication under the Lease shall

23

 

be sent, the Commencement Date and the Expiration Date, and (h) as to any other matters reasonably
requested by the party requesting such certificate. The parties acknowledge that any statement
delivered pursuant to this Section 13.6 may be relied upon by others with whom the party
requesting such certificate may be dealing, including any purchaser or owner of any Land or any
Improvements, or of Landlord’s interest in any Land or any Improvements, or any Superior Lease, or
by any Mortgagee or Superior Lessor, or by any prospective or actual sublessee of the Premises or
assignee of this Lease, or permitted transferee of or successor to Tenant.

ARTICLE 14.

MANAGEMENT; ACCESS TO PREMISES

          Section 14.1. Tenant acknowledges and agrees that Landlord may elect at any time during the
Term to retain a Person to perform or supply certain services to Landlord in connection with the
management of the Premises and the administration of this Lease (a “Property Manager”). If
Landlord shall retain a Property Manager at any time during the Term, Landlord shall notify Tenant
thereof and provide to Tenant a copy of the agreement entered into by and between Landlord and the
Property Manager with respect the management of the Premises (the “Management Agreement”)
and/or information regarding the management fees, incentive fees and other compensation,
reimbursement of costs and expenses and other payments to be made to the Property Manager pursuant
to the terms of the Management Agreement (all such fees, compensation and reimbursements,
collectively, the “Management Fees”). Without limiting any of the provisions of this
Lease, Tenant agrees to pay, on behalf of Landlord, any and all Management Fees as and when the
same are due and payable to the Property Manager pursuant to the terms of the Management Agreement;
provided, however, that in no event shall Tenant be required to pay in any twelve (12) month period
any Management Fees in excess of an amount equal to three percent (3%) of the Fixed Rent payable by
Tenant hereunder during the same twelve (12) month period. Tenant agrees that it shall not retain
a Property Manager or enter into any Management Agreement without the prior the written approval of
Landlord and each Mortgagee.

          Section 14.2. Landlord and Landlord’s agents shall have the right to enter the Premises on not
less than forty-eight (48) hours advance notice (except no such prior notice shall be required in
case of emergency), accompanied by a representative of Tenant, if provided by Tenant, in order (a)
to inspect the Premises, no more frequently (except in respect of any default by Tenant, or if
Landlord reasonably believes such an inspection would be likely to disclose a default by Tenant
hereunder) than quarterly, and (b) to show the Premises to prospective purchasers or Mortgagees or,
during the last twenty-four (24) months of the Term, to prospective tenants of the Premises.
Tenant or any Tenant Party may designate one or more areas of the Premises as secure areas, and
Landlord and Landlord’s agents shall not enter such secure areas without a representative of Tenant
or such Tenant Party present during such entry, except in an emergency.

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ARTICLE 15.

DEFAULT

          Section 15.1. Each of the following events shall be an “Event of Default” hereunder:

               (a) if Tenant fails to pay (i) any installment of Fixed Rent, any Taxes or insurance premiums
on or prior to the fifth (5th) day of any calendar month (or, if the fifth (5th) day of a calendar
month is not a Business Day, on or prior to the Business Day immediately preceding the fifth (5th)
day of such calendar month) or (ii) any Additional Rent (other than Taxes and insurance premiums)
on or prior to the date that is five (5) Business Days after Landlord’s notice of such default is
given to Tenant; or

               (b) if Tenant admits in writing its inability to pay its debts as they become due; or

               (c) if Tenant commences or institutes any case, proceeding or other action (i) seeking relief
as a debtor, or to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement,
adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or
its debts under any existing or future law of any jurisdiction, domestic or foreign, relating to
bankruptcy, insolvency, reorganization or relief of debtors, or (ii) seeking appointment of a
receiver, trustee, custodian or other similar official for it or for all or any substantial part of
its property; or

               (d) if Tenant makes a general assignment for the benefit of creditors; or

               (e) if any case, proceeding or other action is commenced or instituted against Tenant (i)
seeking to have an order for relief entered against it as debtor or to adjudicate it a bankrupt or
insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation,
dissolution, composition or other relief with respect to it or its debts under any existing or
future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency,
reorganization or relief of debtors, or (ii) seeking appointment of a receiver, trustee, custodian
or other similar official for it or for all or any substantial part of its property, which either
(A) results in any such entry of an order for relief, adjudication of bankruptcy or insolvency or
such an appointment or the issuance or entry of any other order having a similar effect, or (B)
remains undismissed for a period of ninety (90) days; or

               (f) if any case, proceeding or other action is commenced or instituted against Tenant seeking
issuance of a warrant of attachment, execution, distraint or similar process against all or any
substantial part of its property which results in the entry of an order for any such relief which
has not been vacated, discharged, or stayed or bonded pending appeal within ninety (90) days from
the entry thereof; or

               (g) if Tenant takes any action in furtherance of, or indicating its consent to, approval of,
or acquiescence in, any of the acts set forth in Sections 15.1(c), (d), (e)
or (f); or

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               (h) if a trustee, receiver or other custodian is appointed for any substantial part of the
assets of Tenant, which appointment is not vacated or effectively stayed within seven (7) Business
Days, or if any such vacating or stay does not thereafter remain in effect; or

               (i) if Tenant defaults in the observance or performance of any other term, covenant or
condition of this Lease on Tenant’s part to be observed or performed and Tenant fails to remedy
such default within thirty (30) days after notice by Landlord to Tenant of such default, or, if
such default is of such a nature that it cannot be completely remedied within said period of thirty
(30) days, if Tenant fails to commence to remedy such default within such thirty-day period, or
fails thereafter to diligently prosecute to completion all steps necessary to remedy such default.

          Section 15.2. If an Event of Default occurs and is continuing, Landlord may at any time
thereafter either (a) elect to proceed by appropriate judicial proceedings, either at law or in
equity, to enforce the performance or observance by Tenant of the applicable provision or
provisions of this Lease and/or to recover damages for Tenant’s breach thereof, or (b) give written
notice to Tenant stating that this Lease and the Term shall expire and terminate on the date
specified in such notice, which date shall not be less than twenty (20) Business Days after the
giving of such notice. If Landlord gives such notice of termination, this Lease and the Term and
all rights of Tenant under this Lease shall expire and terminate as if the date set forth in such
notice were the fixed Expiration Date and Tenant immediately shall quit and surrender the Premises,
but Tenant shall remain liable as hereinafter provided.

ARTICLE 16.

REMEDIES AND DAMAGES

          Section 16.1. If an Event of Default shall occur, and this Lease and the Term shall expire and
come to an end pursuant to either the termination thereof by Landlord or judicial proceeding as
provided in Article 15:

               (a) Tenant shall quit and peacefully surrender the Premises to Landlord, and Landlord and its
agents may immediately, or at any time after such Event of Default or after the date upon which
this Lease and the Term shall expire and come to an end, re-enter the Premises or any part thereof,
without notice, either by summary proceedings, or by any other applicable action or proceeding, or
by legal force or other legal means (without being liable to indictment, prosecution or damages
therefor), and may repossess the Premises and dispossess Tenant and any other Persons from the
Premises and remove any and all of their property and effects from the Premises; and

               (b) Landlord shall use good faith efforts to relet all or any portion or portions of the
Premises to such tenant or tenants, for such term or terms ending before, on or after the
Expiration Date, at such rental or rentals and upon such other conditions, which may include
concessions and free rent periods, as Landlord, in its reasonable discretion, may determine;
provided, however, that Landlord shall not be liable for any failure to relet all
or any portion of the Premises, or, in the event of any such reletting, for refusal or failure to
collect any

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rent due upon any such reletting, and no such refusal or failure shall operate to
relieve Tenant of any liability under this Lease or otherwise affect any such liability, and
Landlord, at Landlord’s option, may make such repairs, replacements, alterations, additions,
improvements, decorations and other physical changes in and to the Premises as Landlord, in its
sole discretion, considers advisable or necessary in connection with any such reletting or proposed
reletting, without relieving Tenant of any liability under this Lease or otherwise affecting any
such liability.

          Section 16.2. If this Lease and the Term shall expire and come to an end as provided in
Article 15, or by or under any summary proceeding or any other action or proceeding, or if
Landlord shall re-enter the Premises as provided in Section 16.1, or by or under any
summary proceeding or any other action or proceeding, then, in any of such events:

               (a) Tenant shall pay to Landlord all Fixed Rent and Additional Rent payable under this Lease
by Tenant to Landlord to the date upon which this Lease and the Term shall have expired and come to
an end or to the date of re-entry upon the Premises by Landlord, as the case may be;

               (b) Tenant also shall be liable for and shall pay to Landlord, as damages, any deficiency (the
“Deficiency”) between (i) the Fixed Rent for the period which otherwise would have
constituted the unexpired portion of the Term, (conclusively presuming the Additional Rent for each
year thereof to be the same as was payable for the year immediately preceding such termination or
re-entry), and (ii) the net amount, if any, of rents collected under any reletting effected
pursuant to the provisions of Section 16.1(b) for any part of such period (first deducting
from the rents collected under any such reletting all of Landlord’s expenses in connection with the
termination of this Lease, Landlord’s re-entry upon the Premises and with such reletting including
all repossession costs, brokerage commissions, legal expenses, attorneys’ fees and disbursements,
alteration costs and other expenses of preparing the Premises for such reletting). Tenant shall
pay the Deficiency in monthly installments on the days specified in this Lease for payment of
installments of Fixed Rent, and Landlord shall be entitled to recover from Tenant each monthly
Deficiency as the same shall arise. No suit to collect the amount of the Deficiency for any month
shall prejudice Landlord’s right to collect the Deficiency for any subsequent month by a similar
proceeding; and

               (c) whether or not Landlord shall have collected any Deficiency, Tenant shall pay to Landlord,
in lieu of any further Deficiency, as and for liquidated and agreed final damages, a sum equal to
(i) the amount by which Fixed Rent for the period which otherwise would have constituted the
unexpired portion of the Term (conclusively presuming the Additional Rent for each year thereof to
be the same as was payable for the year immediately preceding such termination or re-entry) exceeds
(ii) the then fair and reasonable rental value of the Premises, including Additional Rent for the
same period, both discounted to present value at the rate of four percent (4%) per annum,
less (iii) the aggregate amount of the Deficiency previously collected by Landlord pursuant
to the provisions of Section 16.1(b) for the same period. If, before presentation of proof
of such liquidated damages to any court, commission or tribunal, Landlord shall have relet the
Premises or any part thereof for the period which otherwise would have constituted the unexpired
portion of the Term, or any part thereof, the amount of net rents reserved under the new lease for
all or the part of the Premises so relet shall

27

 

be deemed, prima facie, to be the fair and
reasonable rental value for such part or all of the Premises so relet during the term of the
reletting.

          Section 16.3. Upon the breach or threatened breach by Tenant, or any Persons claiming through
or under Tenant, of any term, covenant or condition of this Lease, Landlord shall have the right to
enjoin such breach and to invoke any other remedy allowed by law or in equity as if re-entry,
summary proceedings and other special remedies were not provided in this Lease for such breach.
The rights to invoke the remedies set forth above are cumulative and shall not preclude Landlord
from invoking any other remedy allowed at law or in equity.

          Section 16.4. No receipt of monies by Landlord from Tenant after termination of this Lease, or
after the giving of any notice of termination of this Lease, shall reinstate, continue or extend
the Term or affect any notice theretofore given to Tenant, or operate as a waiver of the right of
Landlord to enforce the payment of Rent payable by Tenant hereunder or thereafter falling due, or
operate as a waiver of the right of Landlord to recover possession of the Premises by proper
remedy, except as otherwise expressly provided herein, it being agreed that after the service of
notice to terminate this Lease or the commencement of suit or summary proceedings, or after final
order or judgment for the possession of the Premises, Landlord may demand, receive and collect any
monies due or thereafter falling due without in any manner affecting such notice, proceeding,
order, suit or judgment, all such monies collected being deemed payments on account of the use and
occupation of the Premises or, at the election of Landlord, on account of Tenant’s liability
hereunder.

          Section 16.5. Except as expressly provided to the contrary herein or as may be prohibited by
applicable Laws, Tenant hereby expressly waives the service of any notice of intention to re-enter
provided for in any statute, or of the institution of legal proceedings to that end which may
otherwise be required to be given under applicable Laws. Tenant, for and on behalf of itself and
all Persons claiming by, through or under Tenant, including creditors of all kinds, hereby
expressly waives any and all rights of redemption which it or any of them may have under applicable
Laws or otherwise and any rights of re-entry or repossession or to restore the operation of this
Lease in case Tenant shall be dispossessed by a judgment or by warrant of any court or judge or in
case of re-entry or repossession by Landlord or in case of any expiration or termination of this
Lease, whether such dispossess, re-entry, expiration or termination shall be by operation of law or
pursuant to the provisions of this Lease. The terms “enter”, “reenter”, “entry” or “reentry”, as
used in this Lease shall not be restricted to their technical, legal meanings.

ARTICLE 17.

FEES AND EXPENSES

          Section 17.1. If an Event of Default shall occur under this Lease, or if Tenant shall do or
permit to be done any act or thing upon the Premises which would cause Landlord to be in default
under any Mortgage or Superior Lease, or if Tenant shall fail to comply with its obligations under
this Lease and the preservation of property or the safety of any Person is threatened thereby,
Landlord or the Mortgagee under such Mortgage or Superior Lessor under such Superior Lease, as
applicable, may, after reasonable prior notice to Tenant except in an

28

 

emergency, perform the same
for the account of Tenant or make any expenditure or incur any obligation for the payment of money
for the account of Tenant. All amounts expended by Landlord in connection with the foregoing,
including reasonable attorneys’ fees and disbursements in instituting, prosecuting or defending any
action or proceeding or recovering possession, and the cost thereof, with interest thereon at the
Default Rate, shall be deemed to be Additional Rent hereunder and shall be paid by Tenant to
Landlord within ten (10) days of rendition of any bill or statement to Tenant therefor.

          Section 17.2. If Tenant shall fail to pay any installment of Fixed Rent and/or Additional Rent
when due, Tenant shall pay to Landlord, in addition to such installment of Fixed Rent and/or
Additional Rent, as the case may be, as a late charge and as Additional Rent, a sum equal to
interest at the Default Rate on the amount unpaid, computed from the date such payment was due to
and including the date of payment.

ARTICLE 18.

NO REPRESENTATIONS BY LANDLORD

          Landlord and Landlord’s agents have made no warranties, representations, statements or
promises with respect to (a) the rentable and usable areas of the Premises, (b) the amount of any
current or future Impositions, (c) the compliance with applicable Laws of the Premises or the
Improvements, or (d) the suitability of the Premises for any particular use or purpose. No rights,
easements or licenses are acquired by Tenant under this Lease, by implication or otherwise, except
as expressly set forth herein. This Lease (including any Exhibits referred to herein and all
supplementary agreements provided for herein) contains the entire agreement between the parties
with respect to the subject matter hereof, and all understandings and agreements previously made
between Landlord and Tenant with respect thereto are hereby merged in this Lease, which alone fully
and completely expresses their agreement with respect thereto. Tenant is entering into this Lease
after full investigation, and is not relying upon any statement or representation made by Landlord
not embodied in this Lease.

ARTICLE 19.

END OF TERM

          Section 19.1. Upon the expiration or other termination of this Lease, Tenant shall quit and
surrender to Landlord the Premises, vacant, broom clean, in good order and condition, ordinary wear
and tear and damage for which Tenant is not responsible under the terms of this Lease excepted, and
Tenant shall remove all of Tenant’s Property from the Premises, and this obligation shall survive
the expiration or sooner termination of the Term. If the last day of the Term or any renewal
thereof falls on Saturday or Sunday, this Lease shall expire on the Business Day immediately
preceding such Saturday or Sunday.

          Section 19.2. Tenant acknowledges that Tenant or any Tenant Party remaining in possession of
the Premises after the expiration or earlier termination of this Lease would create an unusual
hardship for Landlord and for any prospective tenant. Tenant therefore covenants that if for any
reason Tenant or any Tenant Party shall fail to vacate and surrender possession of

29

 

the Premises or
any part thereof on or before the expiration or earlier termination of this Lease and the Term,
then Tenant’s continued possession of the Premises shall be as a holdover tenant, during which
time, without prejudice and in addition to any other rights and remedies Landlord may have under
this Lease or at law, Tenant shall pay to Landlord for each month and for each portion of any month
during which Tenant holds over, an amount equal to the greater of (a) two (2) times the Fixed Rent
and Additional Rent payable under this Lease for the last full calendar month of the Term, or (b)
two (2) times the fair market rental value of the Premises for such month (as determined by
Landlord based upon the then most recent leases of space in the Improvements). In addition, Tenant
shall be liable to Landlord for (i) any payment or rent concession which Landlord may be required
to make to any tenant obtained by Landlord for all or any part of the Premises (a “New
Tenant”) in order to induce such New Tenant not to terminate its lease by reason of the
holding-over by Tenant, and (ii) the loss of the benefit of the bargain if any New Tenant shall
terminate its lease by reason of the holding-over by Tenant. The provisions of this Section
19.2 shall not in any way be deemed to (A) permit Tenant to remain in possession of the
Premises after the Expiration Date or sooner termination of this Lease, or (B) imply any right of
Tenant to use or occupy the Premises upon expiration or termination of this Lease and the Term, and
no acceptance by Landlord of payments from Tenant after the Expiration Date or sooner termination
of the Term shall be deemed to be other than on account of the amount to be paid by Tenant in
accordance with the provisions of this Article 19. Tenant’s obligations under this
Article 19 shall survive the expiration or earlier termination of this Lease.

ARTICLE 20.

QUIET ENJOYMENT

          Provided no Event of Default has occurred and is continuing, Tenant may peaceably and quietly
enjoy the Premises without hindrance by Landlord or any Person lawfully claiming through or under
Landlord, subject, nevertheless, to the terms and conditions of this Lease.

ARTICLE 21.

NO WAIVER; NON-LIABILITY

          Section 21.1. No act or thing done by Landlord or Landlord’s agents during the Term shall be
deemed an acceptance of a surrender of the Premises, and no agreement to accept such surrender
shall be valid unless in writing and signed by Landlord. No employee of Landlord or of Landlord’s
agents shall have any power to accept the keys of the Premises prior to the termination of this
Lease. The delivery of keys to any employee of Landlord or of Landlord’s agents shall not operate
as a termination of this Lease or a surrender of the Premises. Any Improvements employee to whom
any property shall be entrusted by or on behalf of Tenant shall be deemed to be acting as Tenant’s
agent with respect to such property and neither Landlord nor its agents shall be liable for any
damage to property of Tenant or of others entrusted to employees of the Improvements, nor for the
loss of or damage to any property of Tenant by theft or otherwise.

30

 

          Section 21.2. The failure of Landlord to seek redress for violation of, or to insist upon the
strict performance of, any covenant or condition of this Lease, shall not prevent a subsequent act,
which would have originally constituted a violation, from having all of the force and effect of an
original violation. The receipt by Landlord of Fixed Rent and/or Additional Rent with knowledge of
the breach of any covenant of this Lease shall not be deemed a waiver of such breach. No provision
of this Lease shall be deemed to have been waived by Landlord, unless such waiver is made in
writing and signed by Landlord. No payment by Tenant or receipt by Landlord of a lesser amount
than the monthly Fixed Rent or any Additional Rent shall be deemed to be other than on account of
the next installment of Fixed Rent or Additional Rent, as the case may be, or as Landlord may elect
to apply same, nor shall any endorsement or statement on any check or any letter accompanying any
check or payment as Fixed Rent or Additional Rent be deemed an accord and satisfaction, and
Landlord may accept such check or payment without prejudice to Landlord’s right to recover the
balance of such Fixed Rent or Additional Rent or pursue any other remedy in this Lease provided.
Any executory agreement hereafter made shall be ineffective to change, modify, discharge or effect
an abandonment of this Lease in whole or in part unless such executory agreement is in writing and
signed by the party against whom enforcement of the change, modification, discharge or abandonment
is sought. All references in this Lease to the consent or approval of Landlord shall be deemed to
mean the written consent or approval of Landlord and no consent or approval of Landlord shall be
effective for any purpose unless such consent or approval is set forth in a written instrument
executed by Landlord.

          Section 21.3. Neither Landlord nor its agents shall be liable for any injury or damage to
persons or property or interruption of Tenant’s business resulting from fire, explosion, falling
plaster, steam, gas, electricity, water, rain or snow or leaks from any part of the Improvements,
or from the pipes, appliances or plumbing works or from the roof, street or subsurface or from any
other place or by dampness or by any other cause of whatsoever nature; nor shall Landlord or its
agents be liable for any such damage caused by construction of any private, public or quasi-public
work; nor shall Landlord be liable for any latent defect in the Improvements. Nothing in the
foregoing shall affect any right of Landlord to the indemnity from Tenant to which Landlord may be
entitled under Article 26.

ARTICLE 22.

WAIVER OF TRIAL BY JURY

          THE PARTIES HERETO HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
BROUGHT BY EITHER OF THE PARTIES HERETO AGAINST THE OTHER (EXCEPT FOR PERSONAL INJURY OR PROPERTY
DAMAGE) ON ANY MATTERS WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS LEASE, THE
RELATIONSHIP OF LANDLORD AND TENANT, TENANT’S USE OR OCCUPANCY OF THE PREMISES, OR FOR THE
ENFORCEMENT OF ANY REMEDY UNDER ANY STATUTE, EMERGENCY OR OTHERWISE. IF LANDLORD COMMENCES ANY
SUMMARY PROCEEDING AGAINST TENANT, TENANT WILL NOT INTERPOSE ANY COUNTERCLAIM OF WHATEVER NATURE OR
DESCRIPTION IN ANY SUCH PROCEEDING (UNLESS FAILURE TO IMPOSE SUCH COUNTERCLAIM WOULD PRECLUDE
TENANT FROM ASSERTING IN A SEPARATE ACTION THE CLAIM WHICH IS THE SUBJECT OF SUCH COUNTERCLAIM),
AND

31

 

WILL NOT SEEK TO CONSOLIDATE SUCH PROCEEDING WITH ANY OTHER ACTION WHICH MAY HAVE BEEN OR WILL
BE BROUGHT IN ANY OTHER COURT BY TENANT.

ARTICLE 23.

INABILITY TO PERFORM

          Notwithstanding anything in this Lease to the contrary, if Landlord or Tenant shall be delayed
or hindered in, or prevented from the performance of, any act required under this Lease (other than
the payment of Rent by Tenant) by reason of strike, lockout, civil commotion, warlike operation,
invasion, rebellion, hostilities, military or usurped power, sabotage, terrorism or terrorist acts,
government regulations or controls, through floods, other natural disasters, or acts of God, or for
any other cause beyond the reasonable control of the party who is seeking additional time for the
performance of such act (“Unavoidable Delays”), then, unless the terms of this Lease shall
expressly provide that the provisions of this Article 23 shall be inapplicable, performance
of such act shall be excused for the period of the delay and the period for the performance of any
such act shall be extended for a reasonable period, in no event to exceed a period equivalent to
the period of such delay.

ARTICLE 24.

BILLS AND NOTICES

          Section 24.1. Except as otherwise expressly provided in this Lease, all notices, bills,
statements, consents, approvals, demands, requests or other communications given or required to be
given under this Lease shall be in writing and shall be delivered by hand (provided a signed
receipt is obtained) or sent by a nationally recognized overnight courier service or by registered
or certified mail (return receipt requested) and addressed:

               (a) if to Landlord, care of Landlord Agent at BlueLinx Holdings, Inc., 4300 Wildwood Parkway,
Atlanta, Georgia, 30339, Attention: Gary Cummings; with a copy to any Mortgagee or Superior Lessor
which shall have requested copies of notices, by notice given to Tenant in accordance with the
provisions of this Article 24, at the address designated by such Mortgagee or Superior
Lessor; or

               (b) if to Tenant, at 4100 Wildwood Parkway, Atlanta, Georgia, 30339, Attention: General
Counsel.

Any such notice given as provided in this Article 24 shall be deemed to have been rendered
or given (i) on the date when it shall have been hand delivered, (ii) three (3) Business Days from
the date when it shall have been mailed, or (iii) one (1) Business Day from the date when it shall
have been sent by overnight courier service.

          Section 24.2. Any bills, statements, consents, approvals, demands, requests or other
communications, other than notices given pursuant to Section 24.1, shall be in writing and
may be given by regular mail, by facsimile transmission (subject to telephone confirmation of
receipt by the recipient), or by any other manner reasonably calculated to achieve actual delivery

32

 

to the intended recipient in a timely manner, and shall be deemed given when received by the
recipient.

ARTICLE 25.

BROKER

          Section 25.1. Each of Landlord and Tenant represents and warrants to the other that it has not
dealt with any broker in connection with this Lease, and that to the best of its knowledge and
belief, no other broker, finder or similar Person procured or negotiated this Lease or is entitled
to any fee or commission in connection herewith.

          Section 25.2. Each of Landlord and Tenant shall indemnify, defend, protect and hold the other
party harmless from and against any and all losses, liabilities, damages, claims, judgments, fines,
suits, demands, costs, interest and expenses of any kind or nature (including reasonable attorneys’
fees and disbursements) which the indemnified party may incur by reason of any claim of or
liability to any broker, finder or like agent arising out of any dealings claimed to have occurred
between the indemnifying party and the claimant in connection with this Lease, or the above
representation being false. The provisions of this Article 25 shall survive the expiration
or earlier termination of the Term.

ARTICLE 26.

INDEMNITY

          Section 26.1. Subject to the provisions of Section 9.4, Tenant shall indemnify, defend
and hold harmless Landlord and all Landlord Parties from and against any and all Losses incurred by
or asserted against any of such parties arising from or in connection with (i) any negligence or
tortious conduct of Tenant or any Tenant Party, and (ii) any accident, injury or damage whatsoever
caused to any person or the property of any person occurring during the Term in, at or upon the
Premises, together with all costs, expenses and liabilities incurred in or in connection with each
such claim or action or proceeding brought thereon, including all reasonable attorneys’ fees and
expenses, except, in each case, to the extent that any such claim results from the acts or
omissions of Landlord or any other Landlord Party.

          Section 26.2. Subject to the provisions of Section 9.5, Landlord shall indemnify,
defend and hold harmless Tenant and all Tenant Parties from and against any and all Losses incurred
by or asserted against any of such parties arising from or in connection with any negligent or
tortious conduct of Landlord or any Landlord Party in, at or upon the Premises, together with all
costs, expenses and liabilities incurred in or in connection with each such claim or action or
proceeding brought thereon, including all reasonable attorneys’ fees and expenses, except, in each
case, to the extent that any such claim results from the acts or omissions of Tenant or any Tenant
Party.

          Section 26.3. (a) If any claim that is within the scope of any indemnity set forth in this
Lease is asserted against any indemnified party, then the indemnified party shall give prompt
notice (each, an “Indemnified Party Notice”) thereof to the indemnifying party
(i.e.,

33

 

within a time period so as not to prejudice the indemnifying party’s or its
insurer’s ability to defend effectively any action or proceeding brought on such claim) and the
indemnifying party shall have the right and obligation to defend and control the defense of any
action or proceeding brought on such claim with counsel chosen by the indemnifying party subject to
the approval of the indemnified party (such approval not to be unreasonably withheld) or by the
indemnifying party’s insurance company. If the indemnified party fails promptly to give such
notice or if the indemnified party shall not afford the indemnifying party the right to defend and
control the defense of any such action or proceeding then, in either of such events, the
indemnifying party shall have no obligation under the applicable indemnity set forth in this Lease
with respect to such action or proceeding or other actions or proceedings involving the same or
related facts. If the indemnifying party shall defend any such action or proceeding, then

               (i) the indemnified party shall cooperate with the indemnifying party (or its insurer)
in the defense of any such action or proceeding in such manner as the indemnifying party (or
its insurer) may from time to time reasonably request and the indemnifying party shall not
be liable for the costs of any separate counsel employed by the indemnified party;

               (ii) the indemnifying party shall not be liable for any settlement made without the
indemnifying party’s consent;

               (iii) if such action or proceeding can be settled by the payment of money and without
the need to admit liability on the indemnified party’s part, then the indemnifying party
shall have the right to settle such action or proceeding without the indemnified party’s
consent and the indemnifying party shall have no obligation under the applicable indemnity
set forth in this Lease with respect to such action or proceeding or other actions or
proceedings involving the same or related facts if the indemnified party refuses to agree to
such a settlement; and

               (iv) if such action or proceeding cannot be settled merely by the payment of money and
without the need to admit liability on the indemnified party’s part, then the indemnifying
party shall not settle such action or proceeding without the indemnified party’s consent
(which consent shall not be unreasonably withheld, conditioned or delayed) and if the
indemnified party unreasonably withholds, conditions or delays its consent to any such
settlement, then the indemnifying party shall have no obligation under the applicable
indemnity set forth in this Lease with respect to such action or proceeding or other actions
or proceedings involving the same or related facts.

               (b) If an indemnifying party shall, in good faith, believe that a claim set forth in an
Indemnified Party Notice is not within the scope of the indemnifying party’s indemnity set forth in
this Lease then, pending determination of that question, the indemnifying party shall not be deemed
to be in default under this Lease by reason of its failure or refusal to indemnify and hold
harmless any indemnified party therefrom or to pay such costs, expenses and liabilities, but if it
shall be finally determined by a court of competent jurisdiction or that such claim was within the
scope of such indemnifying party’s indemnity set forth in this Lease then such indemnifying party
shall be liable for any judgment or reasonable settlement or any

34

 

reasonable legal fees incurred by
the party entitled to indemnity hereunder. The provisions of this Article 26 shall survive
the expiration or earlier termination of this Lease.

ARTICLE 27.

ENVIRONMENTAL MATTERS; HAZARDOUS MATERIALS

          Section 27.1. Tenant hereby agrees and covenants with Landlord as follows:

               (a) Tenant shall be and remain, and shall cause the Premises to be and remain, in compliance,
in all material respects, with all Environmental Laws;

               (b) Tenant shall obtain and maintain, and shall be and remain in material compliance with all
necessary Permits required under Environmental Laws in order to operate the Premises for the
Permitted Uses;

               (c) Tenant shall promptly notify Landlord of any Release of Hazardous Materials at any
Premises that exceed a reportable quantity under applicable Environmental Laws, any material
violations of Environmental Laws, or any Environmental Claims which have been asserted in writing
against Tenant or the Premises. In the event of a Release which occurs after the Commencement
Date, Tenant shall take Remediation Actions that are required under Environmental Laws to address
the Release.

               (d) Tenant shall furnish Landlord copies of all material environmental reports, studies,
investigations or correspondence regarding any environmental liabilities Premises that are in
either Tenant’s possession or under its reasonable control.

               (e) Tenant will not use the Premises, nor will Tenant permit the Premises to be used, for the
purpose of refining, producing, storing, handling, transferring, processing, transporting,
generating, manufacturing, treating or disposing of any Hazardous Materials except in quantities
customarily used for the Tenant’s operations and in compliance with Environmental Laws.

               (f) Tenant shall promptly notify Landlord of any Environmental Lien that is filed against or
threatened to be filed against the Premises In the event that an Environmental Lien is filed
against the Premises or any portion thereof, Tenant shall within thirty (30) days from the date
that Tenant is given notice that said Environmental Lien has been placed against the Premises or
within such shorter period of time in the event that any Governmental Authority has commenced steps
to cause the Premises or any portion thereof to be sold pursuant to said Environmental Lien, Tenant
shall either (i) pay the claim and remove the lien from the Premises or any portion thereof or (ii)
institute, at Tenant’s at its cost and expense, and acting in good faith, an appropriate legal
proceeding to contest, object or appeal the validity of any Environmental Lien. If Tenant does
contest the validity of the Environmental Lien, Tenant shall deliver to Landlord either (x) a bond
in an amount and with a surety satisfactory to Landlord, (y) a cash deposit in the amount of the
lien plus any interest that may accrue thereon, or (z) other security satisfactory to Landlord in
an amount sufficient to satisfy or discharge the claim out of which the Environmental Lien arises.
The contest, objection or appeal with respect to the validity of an Environmental Lien shall
suspend the Tenant’s obligation to eliminate such

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Environmental Lien under this Section
27.1(f) pending a final determination by appropriate administrative or judicial authority of
the legality, enforceability or status of such Environmental Lien.

          Section 27.2. Tenant agrees to defend, indemnify and hold harmless Landlord from and against
any and all Environmental Liabilities which may be imposed on, incurred by or asserted against
Landlord in connection with or arising out of any (i) Releases or threatened Releases at the
Premises which occur after the commencement of this Lease.; (ii) any violations of Environmental
Laws involving the Premises; (iii) personal injury (including wrongful death) or property damage
(real or personal) arising out of exposure to Hazardous Materials used, handled generated, Released
or disposed at the Premises; and (iv) any breach of any warranty or representation, or covenant
made by Tenant regarding environmental matters.

ARTICLE 28.

RELEASE AND/OR SUBSTITUTION OF PREMISES

          Section 28.1. If, at any time during the Term, Landlord shall elect to sell or otherwise
transfer any Premises and obtain a release thereof from the lien of any and all Mortgages in
accordance with the terms thereof, then Landlord shall have the right, upon not less than thirty
(30) days prior written notice to Tenant, to terminate this Lease only with respect to such
Premises as of the date that such Premises is released from the lien of all Mortgages and title
thereto is conveyed by Landlord. In the event that this Lease is terminated pursuant to this
Section 28.1 with respect to any Premises, and Landlord shall not have elected to
substitute another parcel (or parcels) of land and improvements for the Premises so conveyed in
accordance with the provisions of Section 28.2, then the Fixed Rent payable hereunder shall
be (a) reduced by the amount of the Fixed Rent allocated to such Premises as set forth on
Exhibit E to this Lease as of the termination date, and (b) paid or refunded up to and
including, the such termination date.

          Section 28.2. Without limiting the provisions of Section 28.1, Landlord shall have the
right at any time during the Term, upon not less than ninety (90) days prior written notice (a
“Relocation Notice”) to Tenant (except in the case of the acquisition or condemnation of
any parcel (or parcels) of Land and the Improvements located thereon, in which case such Relocation
Notice may be given at any time prior to the date of the vesting of title), to substitute a parcel
(or parcels) of land and improvements designated by Landlord (each, a “Substitute
Premises”), for any parcel (or parcels) of Land and the Improvements located thereon demised
under this Lease (each, a “Withdrawn Premises”), and to remove Tenant from such Withdrawn
Premises and relocate Tenant to such Substitute Premises, at Landlord’s expense, provided
that each Substitute Premises shall be substantially similar to the Withdrawn Premises in respect
of its location, square foot area, general utility for the Permitted Uses, and adequacy of parking
and access (including access by motor vehicle and rail), all as determined by Tenant in its
reasonable judgment. If Landlord relocates Tenant to any one or more Substitute Premises, this
Lease and each of its terms, covenants and conditions shall remain in full force and effect and
shall be deemed applicable to such Substitute Premises, and such Substitute Premises shall
thereafter be deemed to be part of the Premises as though Landlord and Tenant had entered into an
express written amendment of this Lease with respect thereto. Notwithstanding the foregoing
provisions

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of this Section 28.2, in the event that the Impositions payable by Tenant with
respect to a Substitute Premises shall exceed the Impositions paid by Tenant with respect to the
related Withdrawn Premises, such excess shall not be a basis for such Substitute Premises to be or
be deemed unsatisfactory to Tenant, and Tenant shall be solely responsible for (and Landlord shall
have no obligation to reimburse Tenant for) the amount by which such Impositions exceed the
Impositions paid by Tenant with respect to the Withdrawn Premises.

ARTICLE 29.

ADDITIONAL RIGHTS OF LANDLORD AND TENANT

          Section 29.1. No right or remedy conferred upon or reserved to Landlord or Tenant in this
Lease or elsewhere is intended to be exclusive of any other right or remedy; and each and every
right and remedy shall be cumulative with and in addition to any other right or remedy contained in
this Lease. No delay or failure by Landlord or Tenant to enforce its rights under this Lease shall
be construed as a waiver, modification or relinquishment thereof. In addition to the other
remedies provided in this Lease, Landlord and Tenant shall be entitled, to the extent permitted by
applicable Laws, to injunctive relief in case of the violation or attempted or threatened violation
of any of the provisions of this Lease, or to specific performance of any of the provisions of this
Lease.

          Section 29.2. Notwithstanding anything to the contrary contained in this Lease, Landlord
hereby waives any and all right to distrain or levy upon Tenant’s Property and any landlord’s or
similar lien it may hold or be entitled to, whether statutory, constitutional, contractual or
otherwise, against Tenant’s Property, and any other inventory, equipment or other personal property
owned or leased by Tenant or any permitted subtenant or other permitted occupant of the Premises,
now or hereafter located at the Premises. Landlord agrees upon the written request of Tenant to
execute and deliver to Tenant within thirty (30) days after such request a waiver of any landlord’s
or similar lien for the benefit of any present or future holder of a security interest in Tenant’s
Property. Landlord hereby acknowledges the security interests in the Tenant’s Property created
pursuant to Tenant’s Credit Facility. In the event Tenant or any other Entity removes any of
Tenant’s Property, Tenant shall continue to pay all Fixed Rent and Additional Rent, and any and all
other amounts due under the Lease, and shall otherwise continue to comply with the terms of this
Lease, and any and all damages caused by such removal of Tenant’s Property shall be repaired, at
Tenant’s expense, so as to be in the condition required under the terms of hereof and otherwise to
the reasonable satisfaction of Landlord.

ARTICLE 30.

FINANCIAL REPORTING

          Section 30.1. During the Term of this Lease, Tenant shall keep books and records reflecting
its financial condition, including the operation of the Premises, in accordance with generally
accepted accounting principals, and shall furnish to Landlord, at Tenant’s expense, the following:

37

 

          (a) Within forty-five (45) days after the end of each quarter of each Fiscal Year (as defined
in Exhibit B), commencing with the fiscal quarter ending in June, 2006, unaudited quarterly
financial statements of Tenant, internally prepared in accordance with generally accepted
accounting principals, reporting Tenant’s EBITDAR (as defined in Exhibit B) and including
(i) a balance sheet and a profit and loss statement, as of the end of such fiscal quarter and for
the corresponding fiscal quarter of the previous Fiscal Year, including a statement of net income
in respect of the Property for the year to date, (ii) a statement of revenues and expenses for such
fiscal quarter, together with a comparison of the year to date results with (A) the results for the
same period of the previous year, (B) the results that had been projected by Tenant for such period
and (C) the portion of Tenant’s annual budget applicable to such period, and (iii) a calculation of
the LCR (as defined on Exhibit B) for such period and a statement of the estimated
Additional Rent payable hereunder for such period.

          (b) Within one hundred twenty (120) days after the end of each Fiscal Year of Tenant,
unaudited financial statements of Tenant, including a balance sheet as of the end of such Fiscal
Year and a statement of revenues and expenses for such Fiscal Year, as well as (i) a supplemental
schedule of net income or loss presenting the net income or loss for the Premises and the figures
for the previous Fiscal Year and the figures set forth in Tenant’s annual budget for such Fiscal
Year, (ii) a calculation of the LCR, the estimated Additional Rent payable hereunder for such
period, and (ii) copies of all federal income tax returns of Tenant if and to the extend such tax
returns are required to be filed under applicable law.

          (c) Within ninety (90) days after the end of each calendar year during the Term an annual
summary of material capital expenditures made at the Premises during the prior twelve (12) month
period;

          (d) All such other reasonable information regarding the business and financial condition of
Tenant as the Landlord may from time to time reasonably request.

          Section 30.2. Landlord and Tenant agree that this Lease (a) is a true lease and as such
Landlord shall be treated as the owner and landlord of the Premises and Tenant shall be treated as
the tenant thereof, and (b) does not represent a financing arrangement. Each party shall reflect
the transaction represented hereby in all applicable books, records and reports (including tax
filings) in a manner consistent with “true lease” treatment rather than “financing” treatment.

ARTICLE 31.

RELATIONSHIP AMONG THE LANDLORDS

          Section 31.1. Each Landlord hereby irrevocably appoints Landlord Agent as the sole
representative of Landlord (individually and collectively) to act as agent for and otherwise on
behalf of Landlord regarding any matter arising under or in connection with this Lease, including
for the purposes of: (i) accepting notices on behalf of Landlord in accordance with Article
24; (ii) executing and delivering, on behalf of Landlord, any and all notices, documents or
certificates to be executed and/or delivered by Landlord in connection with this Lease and the
transactions contemplated hereby; (iii) granting any consent or approval on behalf of Landlord
under this Lease; and (iv) taking any and all actions and doing any and all other things provided

38

 

in, contemplated by or related to this Lease or the actions contemplated by this Lease to be
performed on behalf of Landlord. As the representative of Landlord, Landlord Agent shall act as
agent for Landlord (individually and collectively), shall have authority to bind each such person
in accordance with this Lease and the transactions contemplated hereby, and Landlord Agent and
Tenant may rely on such appointment and authority until (and no change of Landlord Agent shall be
effective until) the receipt of by Landlord Agent and Tenant of two (2) business days’ prior
written notice of the appointment of a successor to Landlord Agent in its capacity as such.

          Section 31.2. Each Landlord hereby appoints Landlord Agent as such Landlord’s true and lawful
attorney-in-fact and agent, with full powers of substitution and resubstitution, in such Landlord’s
name, place and stead, in any and all capacities, in connection with the transactions contemplated
by this Lease, granting unto said attorney-in-fact and agent, full power and authority to do and
perform each and every act and thing requisite and necessary to carry out Landlords’ obligations
hereunder.

          Section 31.3. Landlord Agent shall have no liability to Tenant or to any Landlord for any
default under this Lease by any Landlord. Except for fraud or willful misconduct on its part,
Landlord Agent shall have no liability to any Landlord under this Lease for any action or omission
by Landlord Agent on behalf of the other parties comprising Landlord.

ARTICLE 32.

MISCELLANEOUS

          Section 32.1. (a) The obligations of Landlord under this Lease shall not be binding upon
Landlord named herein after the sale, conveyance, assignment or transfer by such Landlord (or upon
any subsequent landlord after the sale, conveyance, assignment or transfer by such subsequent
landlord) of its interest in the Land or the Improvements, as the case may be, and in the event of
any such sale, conveyance, assignment or transfer, Landlord shall be and hereby is entirely freed
and relieved of all covenants and obligations of Landlord hereunder, and the transferee of
Landlord’s interest in the Land or the Improvements, as the case may be, shall be deemed to have
assumed all obligations under this Lease. Prior to any such sale, conveyance, assignment or
transfer, the liability of Landlord for Landlord’s obligations under this Lease shall be limited to
Landlord’s interest in the Premises and Tenant shall not look to any other property or assets of
Landlord or the property or assets of any of the Exculpated Parties (defined below) in seeking
either to enforce Landlord’s obligations under this Lease or to satisfy a judgment for Landlord’s
failure to perform such obligations.

               (b) Notwithstanding anything set forth in this Lease to the contrary, Tenant shall look solely
to Landlord to enforce Landlord’s obligations hereunder and no partner, shareholder, director,
officer, principal, employee or agent, directly or indirectly, of Landlord (collectively, the
“Exculpated Parties”) shall be personally liable for the performance of Landlord’s
obligations under this Lease. Tenant shall not seek any damages against any of the Exculpated
Parties.

39

 

          Section 32.2. Wherever in this Lease Landlord’s consent or approval is required, if Landlord
shall refuse such consent or approval, Tenant in no event shall be entitled to make, nor shall
Tenant make, any claim, and Tenant hereby waives any claim, for money damages (nor shall Tenant
claim any money damages by way of set-off, counterclaim or defense) based upon any claim or
assertion by Tenant that Landlord unreasonably withheld or unreasonably delayed its consent or
approval. Tenant’s sole remedy shall be an action or proceeding to enforce any such provision, for
specific performance, injunction or declaratory judgment.

          Section 32.3. (a) This Lease contains all the promises, agreements, conditions, inducements
and understandings between Landlord and Tenant relative to the Premises and there are no promises,
agreements, conditions, understandings, inducements, warranties or representations, oral or
written, expressed or implied, between them other than as herein set forth. This Lease may not be
changed, modified, terminated or discharged, in whole or in part, except in writing, executed by
the party against whom enforcement of the change, modification, termination or discharge is to be
sought.

               (b) This Lease shall be governed in all respects by the laws of the State of New York
applicable to agreements executed in and to be performed wholly within the State, except to the
extent necessary or required that the law of the State where any Premises is located apply to the
enforcement of the terms and provisions hereof.

               (c) If any term, covenant, condition or provision of this Lease, or the application thereof to
any person or circumstance, shall ever be held to be invalid or unenforceable, then in each such
event the remainder of this Lease or the application of such term, covenant, condition or provision
to any other person or any other circumstance (other than those as to which it shall be invalid or
unenforceable) shall not be thereby affected, and each term, covenant, condition and provision
hereof shall remain valid and enforceable to the fullest extent permitted by law.

               (d) If at the commencement of, or at any time or times during the Term, the Fixed Rent and
Additional Rent reserved in this Lease shall not be fully collectible by reason of any Law, Tenant
shall enter into such agreements and take such other steps (without additional expense to Tenant)
as Landlord may request and as may be legally permissible to permit Landlord to collect the maximum
rents which may from time to time during the continuance of such legal rent restriction be legally
permissible (and not in excess of the amounts reserved therefor under this Lease). Upon the
termination of such legal rent restriction prior to the expiration of the Term, (i) Fixed Rent and
Additional Rent shall become and thereafter be payable hereunder in accordance with the amounts
reserved in this Lease for the periods following such termination, and (ii) Tenant shall pay to
Landlord, if legally permissible, an amount equal to (A) the items of Fixed Rent and Additional
Rent which would have been paid pursuant to this Lease but for such legal rent restriction less (B)
the rents paid by Tenant to Landlord during the period or periods such legal rent restriction was
in effect.

               (e) The covenants, conditions and agreements contained in this Lease shall bind and inure to
the benefit of Landlord and Tenant and their respective legal representatives, successors, and,
except as otherwise provided in this Lease, their assigns.

40

 

          Section 32.4. Except as expressly provided to the contrary in this Lease, Tenant agrees that
all disputes arising, directly or indirectly, out of or relating to this Lease, and all actions to
enforce this Lease, shall be dealt with and adjudicated in the state courts of New York or the
Federal courts sitting in New York City; and for that purpose hereby expressly and irrevocably
submits itself to the jurisdiction of such courts. Tenant hereby irrevocably appoints the
Secretary of the State of New York as its authorized agent upon which process may be served in any
such action or proceeding.

          Section 32.5. Tenant hereby irrevocably waives, with respect to itself and its property, any
diplomatic or sovereign immunity of any kind or nature, and any immunity from the jurisdiction of
any court or from any legal process, to which Tenant may be entitled, and agrees not to assert any
claims of any such immunities in any action brought by Landlord under or in connection with this
Lease. Tenant acknowledges that the making of such waivers, and Landlord’s reliance on the
enforceability thereof, is a material inducement to Landlord to enter into this Lease.

          Section 32.6. The intention of the parties being to conform strictly to the applicable usury
laws, whenever any provision herein provides for payment by Tenant to Landlord of interest at a
rate in excess of the legal rate permitted to be charged, such rate herein provided to be paid
shall be deemed reduced to such legal rate.

          Section 32.7. Nothing contained in this Lease shall be deemed to create a partnership or joint
venture between Landlord and Tenant. The relationship of Landlord and Tenant in this Lease shall
be deemed to be one of landlord and tenant only.

          Section 32.8. There shall be no merger of the leasehold estate created by this Lease with the
fee estate in any of the Premises by reason of the fact that the same Person may acquire or hold or
own, directly or indirectly, (a) the leasehold estate created hereby or any part thereof or
interest therein and (b) the fee estate in any of the Premises or any part thereof or interest
therein, unless and until all Persons having any interest in the interests described in clauses
(a) and (b) above which are sought to be merged shall join in a written instrument
effecting such merger and shall duly record the same.

          Section 32.9. This Lease may be executed in duplicate counterparts, each of which shall be
deemed an original and all of which, when taken together, shall constitute one and the same
instrument.

          Section 32.10. If any Mortgagee or prospective Mortgagee shall request any modifications of
this Lease as a condition to the provision, continuance or renewal of any Mortgage, Tenant shall
not unreasonably withhold or delay its consent thereto, provided that, in each case, such
modification does not materially increase the obligations of Tenant hereunder or reduce Tenant’s
rights under this Lease.

          Section 32.11. Tenant hereby agrees to cooperate with Landlord and to execute and deliver any
instruments reasonably requested by Landlord (including, if necessary, the execution of an
amendment to this Lease) with respect to payment of Fixed Rent, Additional Rent and other sums
payable by Tenant hereunder in accordance with the escrow and/or reserve

41

 

requirements, and the cash
management procedures reasonably requested by any Mortgagee in connection with its Mortgage.

ARTICLE 33.

STATE SPECIFIC PROVISIONS

          Section 33.1. Louisiana. Except as expressly provided in this Lease, Tenant hereby (i) waives
any obligation on Landlord’s party to keep the Premises safe and in condition suitable for the
Permitted Uses, and (ii) waives all express or implied representations or warranties on the part of
Landlord, including, but not limited to, all warranties that the Premises are suitable for the
Permitted Uses or free from vices, defects, or deficiencies, whether hidden or apparent, and all
warranties under La. Civ. Code arts. 2682(2), 2684, 2691 or 2696-2699, or any other provision of
law, but only to the extent not expressly prohibited under Louisiana Law. Tenant hereby waives all
right to notice of termination under Louisiana Code of Civil Procedure article 4701 or any other
provision of law. As used in this Lease, the term “joint and several” shall mean “solidary” as
that term is used in Louisiana law.

[No Further Text on this Page; Signature Page Follows]

42

 

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

	 	 	 	 	 	 	 	 	 
	 	 	ABP AL (MIDFIELD) LLC, Landlord Agent	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ David Morris	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	David Morris	 	 
	 

	 	 	 	Title:
	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	BLUELINX CORPORATION, Tenant	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ David Morris	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	David Morris	 	 
	 

	 	 	 	Title:
	 	Vice President	 	 

[No Further Text on this Page; Further Signature Pages Follow]

F-1

 

LANDLORD

	 	 	 
	ABP AL (MIDFIELD) LLC

	 	ABP AR (LITTLE ROCK) LLC
	ABP CA (CITY OF INDUSTRY) LLC

	 	ABP CA (NATIONAL CITY) LLC
	ABP CA (NEWARK) LLC

	 	ABP CO I (DENVER) LLC
	ABP CA (RIVERSIDE) LLC

	 	ABP CT (NEWTON) LLC
	ABP CO II (DENVER) LLC

	 	ABP FL (MIAMI) LLC
	ABP FL (LAKE CITY) LLC

	 	ABP FL (TAMPA) LLC
	ABP FL (PENSACOLA) LLC

	 	ABP GA (LAWRENCEVILLE) LLC
	ABP FL (YULEE) LLC

	 	ABP IL (UNIVERSITY PARK) LLC
	ABP IA (DES MOINES) LLC

	 	ABP KY (INDEPENDENCE) LLC
	ABP IN (ELKHART) LLC

	 	ABP MA (BELLINGHAM) LLC
	ABP LA (SHREVEPORT) LLC

	 	ABP ME (PORTLAND) LLC
	ABP MD (BALTIMORE) LLC

	 	ABP MI (GRAND RAPIDS) LLC
	ABP MI (DETROIT) LLC

	 	ABP MN (MAPLE GROVE) LLC
	ABP MN (EAGAN) LLC

	 	ABP MO (KANSAS CITY) LLC
	ABP MO (BRIDGETON) LLC

	 	ABP MS (PEARL) LLC
	ABP MO (SPRINGFIELD) LLC

	 	ABP NC (CHARLOTTE) LLC
	ABP NC (BUTNER) LLC

	 	ABP NJ (DENVILLE) LLC
	ABP ND (NORTH FARGO) LLC

	 	ABP NY (YAPHANK) LLC
	ABP NM (ALBUQUERQUE) LLC

	 	ABP OK (TULSA) LLC
	ABP OH (TALMADGE) LLC

	 	ABP PA (ALLENTOWN) LLC
	ABP OR (BEAVERTON) LLC

	 	ABP SC (CHARLESTON) LLC
	ABP PA (STANTON) LLC

	 	ABP TN (ERWIN) LLC
	ABP SD (SIOUX FALLS) LLC

	 	ABP TN (NASHVILLE) LLC
	ABP TN (MEMPHIS) LLC

	 	ABP TX (FORT WORTH) LLC
	ABP TX (EL PASO) LLC

	 	ABP TX (HOUSTON) LLC
	ABP TX (HARLINGEN) LLC

	 	ABP TX (SAN ANTONIO) LLC
	ABP TX (LUBBOCK) LLC

	 	ABP VA (VIRGINIA BEACH) LLC
	ABP VA (RICHMOND) LLC

	 	ABP WA (WOODINVILLE) LLC
	ABP VT (SHELBURNE) LLC

	 	ABP WI (WAUSAU) LLC

	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ David Morris
	 	 	 	 	 
	 

	 	 	 	Name:
	 	David Morris
	 

	 	 	 	Title:
	 	Vice President

F-2

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