Document:

ex10-1.htm

    
      

      

    

     

    EXHIBIT 10.1

    

    

    SALARY
CONTINUATION PLAN

    

    

    This
Salary Continuation Plan (“Plan”) has been established by SUPERIOR INDUSTRIES
INTERNATIONAL, INC., a California Corporation (the "Company"), effective March
28, 2008, based upon the following facts and circumstances:

    

    A.         The
Company wishes to promote in its executive employees and directors increased
efficiency in their work and the strongest possible interest in the successful
operation of the Company and to provide certain executive employees and
directors (each, a “Participant”) and their families with benefits upon the
retirement or death of such directors or employees.

    

    B.         The
Company recognizes the valuable services heretofore performed for it by the
Participant and wishes to encourage the Participant’s continued relationship
with the Company.

    

    C.         In
order to achieve these goals, the Company is establishing this
Plan.

    

    NOW,
THEREFORE, IT IS AGREED AS FOLLOWS:

     

    1.           Definitions.

     

    1.1            Administrative
Committee. "Administrative Committee" shall mean the committee appointed
pursuant to Section 5 hereof.

    

    1.2            Beneficiary.
"Beneficiary" shall mean the Beneficiary, or each Beneficiary, designated by the
Participant pursuant to Section 4 hereof.

    

    1.3            Compensation.
"Compensation" shall mean the base salary and any
annual directors' retainer paid or accrued to or for the Participant with
respect to each calendar month for personal services rendered by the Participant
to the Company during such month, but shall not include any commission, bonus,
meeting fee or other payment.

    

    1.4           Final Average
Compensation. "Final Average Compensation" shall mean the average monthly
Compensation paid to, or accrued for the benefit of, the Participant with
respect to the 36 months of the Participant's employment or service (or the
entire period of the Participant's employment or service if shorter than 36
months) immediately preceding the month in which occurs the Participant's
Separation from Service.

    

    1.5           Vesting Date.
"Vesting Date" with respect to the Participant shall mean the earliest to occur
of (a) the date set forth in the Participant’s Agreement; or (b) the date upon
which the Participant becomes Disabled.

    

    1.6           Separation from
Service. "Separation from Service" shall mean the Participant's ceasing
to be employed by or in service to the Company for any reason whatsoever,
voluntary or involuntary, including by reason of death, Disability or reaching
the Participant’s Retirement Date. A leave of absence granted by the
Administrative Committee shall not constitute a Separation from
Service.

    

    1.7           Retirement Date.
"Retirement Date" shall mean the later of (i) the Participant's sixty-fifth
(65th)
birthday or (ii) the day upon which occurs the Participant's Separation from
Service on or after the Vesting Date.

    

    1.8           Disability.  “Disability”
shall mean that a Participant meets one of the following
requirements:

    

    
      	
               
      

            	
              (i)

            	
              the
      Participant is unable to engage in any substantial gainful activity by
      reason of any medically determinable physical or mental impairment that
      can be expected to result in death or can be expected to last for a
      continuous period of not less than twelve months;
  or

            

    

    

    
      	
               
      

            	
              (ii)

            	
              if
      the Participant is covered by an accident and health plan covering
      employees of the Company, the Participant is, by reason of any medically
      determinable physical or mental impairment that can be expected to result
      in death or can be expected to last for a continuous period of not less
      than twelve months, receiving income replacement benefits for a period of
      not less than three months under an accident and health plan covering
      employees of the Company.

            

    

              

    
      1.9           “Agreement”
shall mean the agreement entered into between the Company and the Participant
evidencing a grant of benefits under the Plan.

    

     

    2.            Retirement
Benefits.

    

    2.1           Amount of Benefit. If
the Participant's Separation from Service occurs on or after the Vesting Date
for reasons other than his death, the Company shall pay to the Participant a
monthly benefit equal to thirty percent (30%) of the Participant's Final Average
Compensation.

    

    2.2           Period of Payment.
Payment of the retirement benefit specified in Section 2.1 shall commence on the
first day of the month coinciding with or next following the Participant's
Retirement Date and shall continue on the first day of each month thereafter
through and including the first day of the month coinciding with or next
preceding the Participant’s death.  Notwithstanding the foregoing, if
the Participant is a “specified employee” for purposes of Section 409A of the
Internal Revenue Code as of the date of a Retirement described in Section
1.7(ii) of the Plan, payment of the retirement benefit specified in Section 2.1
shall commence on the first day of the month which is six months following the
date of Separation from Service.

    

    3.            Survivorship
Benefits.

    

    3.1           Death Prior to Separation
from Service,. If the
Participant's Separation from Service occurs due to the Participant's death, the
Company shall pay to the Participant's Beneficiary 120 monthly payments,
each in an amount equal to thirty percent (30%) of the Participant's Final
Average Compensation. Such payments shall commence on the first day of the month
coinciding with or next following the date the Administrative Committee receives
appropriate notice or proof of the Participant's death and shall continue on the
first day of each of the 119 months thereafter.

    

    3.2           Death After Separation from
Service but Prior to Retirement Date. If the Participant's Separation
from Service occurs on or after the Vesting Date for reasons other than his
death and the Participant subsequently dies prior to the Retirement Date, the
Company shall pay to the Participant's Beneficiary 120 monthly payments, each in
an amount  equal to thirty percent (30%) of the Participant's final
Average Compensation. Such payments shall commence on the first day of the month
coinciding with or next following the day the Administrative Committee receives
appropriate notice or proof of the Participant's death and shall continue on the
first day of each of the 119 months thereafter.

    

    3.3           Death After Commencement of
Retirement Benefits. If the Participant dies after retirement benefit
payments have commenced under Section 2 hereof, but prior to his having received
120 such monthly payments, the Company shall continue such monthly payments to
the Participant's Beneficiary in the same amount and at the same time said
payments would have been paid to the Participant until the total of the monthly
payments made to the Participant, plus the payments made to the Participant’s
Beneficiary, equals 120.

    

    3.4           Death of Beneficiary.
In the event a Beneficiary receiving payments under this Section 3 dies before
receiving all the payments due to such Beneficiary, the Company shall pay to the
Beneficiary's estate an amount equal to the present value of the then-remaining
payments computed at a rate equal to two (2) percentage points over the U.S.
prime rate then quoted by the Wall Street Journal, compounded
quarterly.

    

    
      	
              4.

            	
              Beneficiaries.

            

    

    

    4.1           Designation of
Beneficiary. Subject to the limitations specified in Section 4.2, hereof,
the Participant may designate a Beneficiary or Beneficiaries by filing a written
notice of such designation with the Administrative Committee in such form as the
Administrative Committee may prescribe. The Participant may revoke or modify
such designation at any time by a further written designation. The Participant’s
designation of a Beneficiary shall be deemed automatically revoked in the event
that the Beneficiary predeceases the Participant. If no designation shall be in
effect at the time the benefits are payable under this Plan, the Beneficiary or
Beneficiaries shall be the Participant's spouse, or if no spouse is then living,
the Participant's children or the issue of any deceased child by right of
representation or, if none of the foregoing is living, then the Participant's
estate. If more than one Beneficiary becomes entitled to a survivorship benefit
either by designation of the Participant or otherwise, the benefit specified
herein shall be divided equally among such Beneficiaries.

    

    4.2           Limitations on Designation
of Beneficiary. If the Participant's Compensation constitutes community
property, no person other than the Participant's spouse shall be designated as a
Beneficiary unless (i) such spouse shall approve such designation in writing and
(ii) such designation is approved by the Administrative Committee.

    

    4.3           Minors; Persons Declared
Incompetent. In the event a benefit is payable to a minor or to a person
who is declared incompetent the Company may pay such benefit to the guardian,
legal representative or person or persons having
the care or custody of such minor or incompetent. The Administrative Committee
may require such proof of incompetency, minority or guardianship as it may deem
appropriate prior to the distribution of the benefit, Such distribution shall
completely discharge the Administrative Committee and the Company from all
liability with respect to such benefit.

    

    
      	
              5.

            	
              Administrative
      Committee

            

    

    

    5.1             Appointment of
Committee. The Board of Directors of the Company shall appoint an
Administrative Committee consisting of three (3) or more persons to administer
and interpret this Plan. The interpretation and construction of this Plan by the
Administrative Committee, and any action taken thereunder, shall be binding and
conclusive upon all parties in interest. No member of the Administrative
Committee shall, in any event, be liable to any person for any action taken or
omitted to be taken in connection with the interpretation, construction or
administration of this Plan, so long as such action or omission to act is made
in good faith. The Administrative Committee may adopt rules and regulations
relating to this Plan as it may deem necessary or advisable.

    

    5.2             Named Fiduciary. The
Administrative Committee is hereby designated as the named fiduciary under this
Plan. The named fiduciary shall have authority to control and manage the
operation and administration of this Plan, and it shall be responsible for
establishing and carrying out a funding policy and method consistent with the
objectives of this Plan.

    

    5.3            Claims Procedure. If
the Participant or a Beneficiary is denied all or a portion of an expected
benefit under this Plan for any reason, he or she may file a claim with the
Administrative Committee within thirty (30) days of such denial. The
Administrative Committee shall notify the claimant within sixty (60) days of
allowance or denial of the claim, unless the claimant receives written notice
from the Administrative Committee prior to the end of the sixty (60) day period
stating that special circumstances require extension of time for decision, which
extension of time shall not exceed an additional sixty (60) days. The notice of
the Administrative Committee's decision shall be in writing, sent by mail to the
claimant's last known address, and, if a denial of the claim, must contain the
following information:

    

    
      	
               
      

            	
              (a)

            	
              the
      specific reasons for denial,

            

    

    

    
      	
               
      

            	
              (b)

            	
              specific
      reference to pertinent provisions of this Plan on which the denial is
      based,

            

    

    

    
      	
               
      

            	
              (c)

            	
              if
      applicable, a description of any additional information or material
      necessary to perfect the claim and an explanation of why such information
      or additional material is necessary,
and

            

    

    

    
      	
               
      

            	
              (d)

            	
              an
      explanation of the claims review
procedure.

            

    

    

    5.4            Review Procedure. A
claimant is entitled to request a review of any denial of his claim by the
Administrative Committee, which request for review must be submitted in writing
within thirty (30) days of the mailing of the notice of denial. Absent a request
for review within the thirty (30) day period, the claim will be deemed to be
conclusively denied. The claimant or his representative shall be entitled to
review all pertinent documents. The review shall be conducted by the
Administrative Committee, which shall afford the claimant a hearing and the
opportunity to submit issues and comments orally and in writing. The
Administrative Committee shall render a review decision in writing, all within
sixty (60) days after a receipt of a request for review. The claimant shall be
given written notice of the Administrative Committee's review decision, together
with specific reasons for the decision and reference to the pertinent provisions
of this Plan.

    

    6.            Funding.

    

    6.1            No Trust. Nothing
contained in this Plan, and no action taken pursuant to its provisions by either
party hereto, shall create, or be construed to create, a trust of any kind for
the benefit of the Participant, his Beneficiary, or his estate. Payments to the
Participant or his designated Beneficiary hereunder shall be made from assets
which shall continue, for all purposes, to be a part of the general assets of
the Company, and no person, other than the Company, shall have, by virtue of the
provisions of this Plan, any interest in such assets. To the extent that any
person acquires a right to receive payments from the Company under the
provisions hereof, such rights shall be no greater than the rights of any
unsecured general creditor of the Company.

    

    6.2            Life Insurance. The
Company may, in its discretion, apply for and procure as owner and for its own
benefit, insurance or annuity contracts on the life of the Participant in such
amounts and in such forms as the Company may choose. In such event, neither the
Participant nor any Beneficiary shall have any rights whatsoever in such
contract or contracts and the Company shall possess and may exercise all
incidents of ownership therein. At the request of the Company, the Participant
shall submit to medical examinations and shall supply such information and
execute such documents as may be required
by the insurance company or companies to whom the Company has applied for such
insurance, including but not limited to any consents which may be required under
the Pension Protection Act or other applicable laws.

    

    7.            Miscellaneous.

    

    7.1            Assignment. Neither
the Participant nor any Beneficiary shall have any right to assign the right to
receive any benefits hereunder and any attempted assignment or transfer shall
excuse the Company from making any further payments to the purported
assignor.

    

    7.2            No Guarantee of
Employment. Neither this Plan nor any action taken hereunder shall be
construed as giving the Participant the right to be retained as an employee of
the Company for any period.

    

    7.3            Lack of Vesting. No
benefit hereunder shall be paid to, or with respect to the employment or service
of, a Participant whose Separation from Service is for reasons other than death
and occurs before the Vesting Date.

    

    7.4            Taxes. The Company
shall deduct from all payments made hereunder all applicable federal and state
taxes required by law to be withheld from any such payment.

    

    7.5            Amendment and
Termination. This Plan may be amended or terminated by the Company;
provided, however, that no such amendment or termination may adversely affect
the rights of individuals who are Participants or Beneficiaries as of the date
of such amendment or termination.

    

    7.6            Form of
Communication. Any notice, claim, application or other communication
required or permitted to be given under the provisions of this Plan shall be in
writing and in such form as the Administrative Committee may prescribe. If such
communication is made to Participant, it shall be made by personal delivery or
sent by United States certified mail, postage pre-paid, addressed to the
Participant's last known address as shown on the records of the Company. Any
communication to the Company or to the Administrative Committee shall be made by
personal delivery or sent by United States certified mail, postage pre-paid,
addressed to the Company's executive offices at 7800 Woodley Avenue, Van Nuys,
California 91406, or such other address as may be designated in writing by the
Company. The date of mailing shall be deemed the date of any such notice,
consent, application or demand.

    

    7.7          Captions. The
captions at the head of a section or paragraph of this Plan are designed for
convenience of reference only and are not to be used for the purpose of
interpreting any provision of this Plan.

    

    7.8          Construction. This
Plan shall be construed according to the laws of the State of
California.

    

    7.9          Gender and Form. In
this Plan, where appropriate, the masculine gender includes the feminine and
neuter gender and words in the singular form include the plural form, and vice
versa.

    

    7.10          Severability. The
invalidity of any portion of this Plan shall not invalidate the remainder
thereof and said remainder shall continue in force and effect to the fullest
extent permitted by law.

    

    7.11          Binding Agreement.
This Plan shall be binding upon and inure to the benefit of the Company and its
successors and assigns and the Participant and, to the extent its context
permits, to his successors, heirs, executors, administrators and
Beneficiaries.

    

    7.12          Funding.  Except
as otherwise provided in Section 6 hereof, (a) this Plan constitutes a mere
promise by the Company to make benefit payments in the future; (b) the
Participant shall have no rights to amounts under this Plan or to any specified
assets of the Company; (c) the Participant shall have the status of a general
unsecured creditor of the Company; (d) the Company in no way guarantees any
payments under the Plan; and (e) any and all investments remain the property of
the Company.

    

    7.13          Top Hat
Plan.  This Plan is intended (a) to be unfunded for tax
purposes and (b) to qualify as an unfunded plan maintained primarily for the
purpose of providing deferred compensation for directors and for a select group
of management and highly compensated employees (a “top hat” plan) for purposes
of Title I of the Employee Retirement Income Security Act of 1974, as
amended.

    

    7.14          Existing
Agreements.  For any Participant who is party to an existing
Salary Continuation Agreement as of the date of adoption of the Plan, such
Agreement shall continue to govern unless amended with the consent of the
Company and the Participant (or the Beneficiary, if the Participant has
died).

     

    IN
WITNESS WHEREOF, the Company has adopted this Plan as of the day and year first
above written.

    

    

    

    
      	 
      	
              SUPERIOR
      INDUSTRIES INTERNATIONAL, INC.

            
	 
      	 
      
	 
      	 
      
	 
      	 
      
	 
      	 
      
	 
      	
              By:
      ________________________

            
	 
      	
              Steven
      J. Borick, Chairman, Chief Executive Office and
  Presidentexh10_26.htm

     

    LEASE
AGREEMENT

    

    

    THIS
LEASE AGREEMENT (the "Lease") is made and entered into as of this 1st day of
January 2008, by and between BOYER IOMEGA II, A UTAH LIMITED LIABILITY COMPANY, BY
ITS MANAGING PARTNER THE BOYER COMPANY, L. C., (the "Landlord"), and
IOMEGA CORPORATION (the
"Tenant").

    

    For and
in consideration of the rental to be paid by Tenant and of the covenants and
agreements herein set forth to be kept and performed by Tenant, Landlord hereby
leases to Tenant and Tenant hereby leases from Landlord, the Leased Premises (as
hereafter defined) and certain other areas, rights and privileges for the term,
at the rental and subject to and upon all of the terms, covenants and agreements
hereinafter set forth.

    

    

    I.           PREMISES

    

    1.1            Description
of Premises. Landlord does hereby demise, lease and let unto Tenant, and Tenant
does hereby take and receive from Landlord the following:

    

    (a) That
certain office building (the "Building") located at the Executive Business Park,
Roy, Utah, on the real property (the "Property") described on Exhibit "A"
attached hereto and by this reference incorporated herein. The space occupied by
Tenant consists of 51,924 gross rentable square feet (comprising 46,891 sq. ft.
on the first floor and 5,032 sq. ft. on the second floor)  (the
"Leased Premises") as shown on Exhibit "B" which is attached hereto and by this
reference incorporated herein.

    

    (b) Such
non-exclusive rights-of-way, easements and similar rights with respect to the
Building and Property as may be reasonably necessary for access to and egress
from, the Leased Premises.

    

    The
non-exclusive right to use those areas designated and suitable for vehicular
parking

    

    1.2 Work
of Improvement. The obligation of Landlord to perform the work and supply the
necessary materials and labor to prepare the Leased Premises for occupancy shall
be in accordance with plans and specifications prepared by architect and
approved by Tenant.

    

                    
1.3            Intentionally
Deleted.

    

     1.4
Changes to Building. Following the Rental Commencement Date of this Lease
Agreement, Landlord hereby reserves the right at any time and from time to time
to make changes, alterations or additions to the Building or the Property
required by reason of health, safety or governmental regulation. Tenant shall
not, in such event, claim or be allowed any damages for injury or inconvenience
occasioned thereby (absent negligence, illegality, or willful misconduct by
Landlord) and shall not be entitled to terminate this Lease unless such work
materially affects Tenant's use of the Leased Premises. Provided, however, that
in the event that such alterations, changes or additions create undue
interference with the Tenant's operations, Landlord agrees to give Tenant
adequate written notice of such work, and agrees to provide Tenant with
alternate, temporary space suitable for the maintenance of its
operations.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    II.
TERM

    

    2.1
Length of Term. The term of this Lease (the "Primary Term"), shall be for a
period of six (6) years commencing on the Rental Commencement Date (as defined
below). Tenant shall have two (2)- successive options to renew this Lease for a
five (5) year renewal term (the "Renewal Term") for each option on the same
terms provided in this Lease; provided, however, that the rental rate for each
Renewal Term shall be the fair market rental value of the Leased Premises as of
the beginning of the Renewal Term. If the parties cannot agree upon such fair
market value, then each party shall designate a real estate appraiser with
experience in commercial rental properties. If the two appraisers cannot agree
upon a fair market value, then they shall designate a third appraiser, and each
appraiser shall provide a good faith determination of the fair market rental
value. The highest and lowest appraised value shall be discarded and the fair
market value shall be the remaining appraisal. Each party shall pay its own
appraiser, and the fees of the third appraiser shall be divided equally between
the parties. Each option to renew shall be exercised by Tenant giving written
notice to Landlord of its exercise of the option to renew at least six (6)
months prior to the expiration of the Primary Term or the next preceding Renewal
Term.

    

    2.2
Rental Commencement Date; Obligation to Pay Rent. The term of this Lease and
Tenant's obligation to pay rent hereunder shall commence on January 1, 2008,
following Tenant's receipt from Landlord of the Certificate of Occupancy (the
"Rental Commencement Date").

    

    2.3
Acknowledgment of Rental Commencement Date. Landlord and Tenant shall execute a
written acknowledgment of the Rental Commencement Date in the form attached
hereto as Exhibit "D".

    

    

    III.
RENTAL PAYMENTS

    

    3.1
Annual Rental. Tenant agrees to pay to Landlord as annual rental payments (the
"Annual Rental") at such place as Landlord may designate, without prior demand
therefore, Five Hundred and Seventy-One Thousand One Hundred and Sixty-Four and
no/100 Dollars ($571,164.00).

    

    To the
extent that Tenant already paid, prior to the execution of this Lease, sums
greater than the rent called for hereunder (hence, sums greater than $47,597 per
month for the rental dates starting on January 1, 2008 forward) excluding
non-rental expenses, Landlord agrees to remit to Tenant the amount of this
overpayment for 2008 by wire transfer within 14 days of the execution of this
Lease.

    

    The
aforementioned Annual Rental shall be due and payable in twelve (12) equal
monthly installments to be paid in advance on or before the first day of each
calendar month during the term of the Lease. In the event the Rental
Commencement Date occurs on a day other than the first day of a calendar month,
then rent shall be paid on the Rental Commencement Date for the initial
fractional calendar month prorated on a per-diem basis (based upon a thirty (30)
day month).

     

    3.2
Additional Monetary Obligations. Tenant shall also pay as rental (in addition to
the Annual Rent) all other sums of money as shall become due and payable by
Tenant to Landlord under this Lease. Landlord shall have the same remedies in
the case of a default in the payment of said other sums of money as are
available to Landlord in the case of a default in the payment of one or more
installments of Annual Rent.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IV. ADDITIONAL
RENT

    

    It is the
intent of both parties that the Annual Rental herein specified shall be
absolutely net to the Landlord throughout the term of this Lease and that all
necessary and reasonable costs, expenses and obligations relating to the Leased
Premises that arise or become due during the term of this Lease shall be paid by
Tenant, except as provided below. Notwithstanding the foregoing, Tenant shall
not be responsible to Landlord for (a) any "overhead" of Landlord or "similar
indirect expenses" relating to the operation of the Leased Premises or the
Building, or (b) any costs, expenses or obligations specifically assumed by
Landlord under this Lease, including, without limitation, costs incurred in
connection with the construction of the Building and the maintenance of its
structural components, or (c) any Specifically Excluded Costs, as defined
below.

    

    

    For purposes of this Part IV and the
Lease in general, the following words and phrases shall have the meanings set
forth below:

    

    (a)           "Basic
Costs" shall mean all actual costs and expenses incurred
by   Landlord in connection with the operation, management and
maintenance of the Building and Property and related improvements located
thereon (the "Improvements"), including, but not limited to, all expenses
incurred by Landlord as a result of Landlord's compliance with any and all of
its obligations under this Lease (or under similar leases with other
tenants).  In explanation of the foregoing, and not in limitation
thereof, Basic Costs shall include:  all real and personal property
taxes and assessments (whether general or special, known or unknown, foreseen or
unforeseen) and any tax or assessment levied or charged in lieu thereof, whether
assessed against Landlord and/or Tenant and whether collected from Landlord
and/or Tenant; snow removal, trash removal, common area utilities, cost of
equipment or devices used to conserve or monitor energy consumption, supplies,
insurance, license, permit and inspection fees, cost of services of independent
contractors, cost of compensation (including employment taxes and fringe
benefits) of all persons who perform regular and recurring duties connected with
day-to-day operation, maintenance, repair, and replacement of the Building, its
equipment and the adjacent walk and landscaped area (including, but not limited
to janitorial, scavenger, gardening, security, parking, elevator, painting,
plumbing, electrical, mechanical, carpentry, window washing, structural and roof
repairs and reserves, signing and advertising), but excluding persons performing
services not uniformly available to or performed for substantially all Building
tenants; and rental expense or a reasonable allowance for depreciation of
personal property used in the maintenance, operation and repair of the Building.
The foregoing notwithstanding, Basic Costs shall not include depreciation on the
Building and Improvements; amounts paid toward principal or interest of loans of
Landlord; nor "Direct Costs" as defined in Section 4.1(b) below.

    

    (b)           "Direct
Costs" shall mean all actual costs and expenses incurred by Landlord in
connection with the operation, management, maintenance, replacement, and repair
of tenants' premises, including but not limited to janitorial services,
maintenance, repairs, supplies, utilities, heating, ventilation, air
conditioning, and property management fees, which property management fees shall
be equal to a percentage of the sum of Tenant's Basic Annual Rent and Estimated
Costs, including electricity charges if separately metered and parking charges
if applicable, which percentage shall not exceed three percent
(3%).  Tenant shall pay its share of Direct Costs of the
Building.  The amount of Tenant's Direct Costs shall be obtained by
multiplying the expenses in question by a fraction, the numerator of which shall
be the gross rentable square footage of the Tenant’s premises, and the
denominator of which shall be the gross rentable square feet of the Building
during any given year in which the Direct Costs are then being
calculated.

    

    Landlord shall cause meters to be
installed to measure actual electrical and ventilation/air conditioning usage by
Tenant.  If such meters are installed, Tenant shall pay Landlord
monthly, as additional rent, the estimated costs of such metered electrical and
ventilation/air conditioning usage.  At least annually, Landlord shall
reconcile the estimated costs of these metered services and shall show the
actual costs and shall apply any appropriate credits or debits from the previous
year's actual usage.   All such billings will be computed at the
actual kilowatt hourly rate billed to the Landlord by the public utility
companies for each respective period, including taxes.  The costs of
ventilation/air conditioning usage by Tenant shall be equitably apportioned
among all building tenants according to usage.  Tenant shall promptly
pay to Landlord the amount due on each monthly billing received for and
throughout the term of the Lease.

    

    (c)           "Estimated
Costs" shall mean the projected amount of Tenant's Direct Costs and Tenant's
Proportionate Share of Basic Costs, excluding the costs of electricity and
ventilation/air conditioning provided to Tenant's Leased Premises, if separately
metered.  The Estimated Costs for the calendar year in which the Lease
commences are $364,973 including the costs of electricity and ventilation/air
conditioning to the Tenant's Leased Premises, and are not included in the Basic
Annual Rent.  If the Estimated Costs as of the date Tenant takes
occupancy are greater than Tenant's Estimated Costs at the time this Lease is
executed, the Estimated Costs shall be increased to equal the Estimated Costs as
of the date of Tenant's occupancy.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (d)           "Tenant's
Proportionate Share of Basic Costs" shall mean the percentage derived from the
fraction, the numerator of which is the gross rentable square footage of the
Leased Premises (51,924), the denominator of which is the gross rentable square
footage of the Building (90,000).  In this Lease, Tenant's pro-rata
share initially is 57.69%, subject to increase or decrease due to increases or
decreases in the gross rentable square footage of the Leased Premises and/or the
Building.

    

                   
(e)           “Specifically
Excluded Costs” shall mean:

     

    (i)           Any
depreciation on the Premises or the Building;

     

    (ii)           Costs
incurred due to Landlord’s violation of any terms or conditions of this Lease or
any other lease relating to the Building or Premises;

     

    (iii)           All
principal, interest, loan fees, and other carrying costs related to any mortgage
or deed of trust and all rental and other payable due under any ground or
underlying lease related to the Building, unless such costs are directly
attributable to a Tenant's breach or default under this Lease;

     

    (iv)           Advertising
and promotional expenditures, including charitable contributions;

     

    (v)           Any
costs, fines, or penalties incurred due to violations by Landlord of any
governmental rule or authority, this Lease or any other lease in the Building or
Premises or due to Landlord’s gross negligence or willful
misconduct;

     

    (vi)           Costs
of acquisition of sculpture, paintings, or other objects of art;

     

    (vii)           Wages,
salaries, or other compensation paid to any executive employees of Landlord
above the grade of building manager;

     

    (viii)          Real
estate brokers’ leasing commissions;

     

    (ix)           Tenant
improvements or alterations to tenant spaces;

     

    (x)           The
cost of providing any service directly to and paid directly by any
tenant;

     

    (xi)           All
management or similar fees other than the 3% Management Fee agreed to by
Tenant;

     

    (xii)           Costs
associated with:

     

    (A)           Operation
of the business of the ownership of the Building or the Premises or entity that
constitutes Landlord or Landlord’s property manager, as distinguished from the
cost of Building operations, including the costs of partnership or corporate
accounting and legal matters; defending or prosecuting any lawsuit or disputes
with any mortgagee, lender, ground lessor, broker, tenant, occupant, or
prospective tenant or occupant; selling or syndicating any of Landlord’s
interest in the Building; and disputes between Landlord and Landlord’s property
manager;

     

    (B)           Landlord’s
general corporate or partnership overhead and general administrative expenses,
including the salaries of management personnel other than those who are
primarily engaged in the operation, maintenance, and repair of the Building,
except to the extent that those costs and expenses are included in the
Management Fees;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (xiii)                      Costs
of:

     

    (A)           Initial
construction of the Building;

     

    (B)           Reconstruction
or repair of the Building; or

     

    (C)           Modification,
alteration, or repair of any portion of the Building due to faulty initial
construction;

     

    (xiv)                      Expenses
incurred by Landlord for use of any portion of the Building to accommodate
special events such as shows, promotions, filming, displays, photography,
private events or parties, ceremonies, and advertising.

     

    (xv)           Capital
improvement or capital replacement related to the Building (“Capital Costs”),
including Costs incurred by Landlord that are considered to be capital
improvements or capital replacements under generally accepted accounting
practices (GAAP); and

     

    (xvi)                      All
Project Operating Expenses and costs of every kind and nature which Landlord
shall pay or become obligated to pay because of or in connection with the
ownership and operation of the other buildings rather than the
Building.

     

    (xvii)                      Legal,
accounting, audit, verification and other consulting fees relating to the
ownership, as opposed to the operation, of the Building.

     

    (xviii)                      Fees
or costs paid to affiliates or parties related to Landlord to the extent such
fees and costs are in excess of the fees and costs which would have been paid to
unrelated parties for similar services or products;

     

    (xix)                      Expenditures
to comply with Americans with Disabilities Act in effect or adopted prior to the
Term Commencement Date and expenditures relating to the remediation of Hazardous
Materials in or about the Building as of the Rental Commencement Date, including
costs of reporting, and/or monitoring; and

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (f) Landlord provided a cost estimate
to Iomega on March 24, 2008 titled, “Iomega II Operating Costs,” showing total
estimated expenses payable by Iomega for this Lease as $337,706.72 (plus $27,266
in annual management fees).  Landlord represents that such estimate is
non-binding and may vary from actual expenses to be incurred by Tenant, but
Landlord represents that the March 24, 2008 estimate is Landlord’s best good
faith estimate of total reasonably foreseeable and likely expenses chargeable to
Tenant, following a reasonable investigation.

    

    (g)  It is expressly
understood that repairing and maintaining equipment and machinery used
exclusively by Tenant shall be the sole responsibility and cost to
Tenant.  Such equipment and machinery shall include but not be limited
to equipment used by Tenant for Information Technology and Research and
Development such as, cascade environmental chambers, RUPS and Generator
equipment and associated switch gear.  Such costs to repair and
maintain equipment unique to the conduct of Tenant’s business shall be paid
directly by Tenant and shall not be considered as Basic and/or Direct
costs.

    

    4.2           Report
of Basic Costs and Statement of Estimated Costs.

    

    (a)           Within
the first 90 days after the expiration of each calendar year occurring during
the term of this Lease, Landlord shall furnish Tenant a written statement of the
Tenant's Proportionate Share of Basic Costs and the Tenant's Direct Costs
occurring during the previous calendar year.  The written statement
shall specify the amount by which Tenant's Direct Costs and Proportionate Share
of Basic Costs exceeds or is less than the amounts paid by Tenant during the
previous calendar year pursuant to Section 4.3(b) below.

    

    (b)           Prior
to the start of each calendar year, Landlord shall furnish Tenant a written
statement of the Estimated Costs for the upcoming calendar year.

    

    4.3           Payment
of Additional Rent.  Tenant shall pay as additional rent ("Additional
Rent") Tenant's Direct Costs and Tenant's Proportionate Share of Basic
Costs.  The Additional Rent shall be paid as follows:

    

    (a)           With
each monthly payment of Basic Annual Rent due pursuant to Section 3.1 above,
Tenant shall pay to Landlord, without offset or deduction, one-twelfth (l/12th)
of the Estimated Costs as defined in Section 4.1(c).

    

    (b)           Within
thirty (30) days after delivery of the written statement referred to in section
4.2(a) above, Tenant shall pay to Landlord the amount by which Tenant's Direct
Costs and Proportionate Share of Basic Costs, as specified in such written
statements, exceed the aggregate of Estimated Costs actually paid by Tenant for
the year at issue.  Payments by Tenant shall be made pursuant to this
Section 4.3(b) notwithstanding that a statement pursuant to Section 4.2(a) is
furnished to Tenant after the expiration of the term of this Lease.

    

    (c)           If
the annual statement of costs indicates that the Estimated Costs paid by Tenant
pursuant to Section 4.3(a) above for any year exceeded Tenant's Direct Costs and
Tenant's Proportionate Share of Basic Costs for the same year, Landlord, at its
election, shall either (i) promptly pay the amount of such excess to Tenant, or
(ii) apply such excess against the next installment of Basic Annual Rental or
Additional Rent due hereunder.

    

    4.4           Resolution
of Disagreement.  Every statement given by Landlord pursuant to
Section 4.2 shall be conclusive and binding upon Tenant unless within sixty (60)
days after the receipt of such statement Tenant shall notify Landlord that it
disputes the correctness thereof, specifying the particular respects in which
the statement is claimed to be incorrect.  If such dispute shall not
have been settled by agreement, the parties hereto shall submit the dispute to
arbitration within ninety (90) days after Tenant's receipt of such
statement.  Pending the determination of such dispute by agreement or
arbitration as aforesaid, Tenant shall, within 45 days after receipt of such
statement, pay Additional Rent in accordance with Landlord's statement, and such
payment shall be without prejudice to Tenant's position.  If the
dispute shall be determined in Tenant's favor, Landlord shall forthwith pay
Tenant the amount of Tenant's overpayment of rents resulting from compliance
with Landlord's statement.  Landlord agrees to grant Tenant reasonable
access to Landlord's books and records for the purpose of verifying operating
expenses incurred by Landlord.

    

    4.5           Limitations.  Nothing
contained in this Part IV shall be construed at any time so as to reduce the
monthly installments of Basic Annual Rent payable hereunder below the amount set
forth in Section 3.1 of this Lease.

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    V. USE

    

    5.1 Use
of Leased Premises. The Leased Premises shall be used and occupied by Tenant for
general office and Research and Development purposes or for any lawful
purposes.

    

    5.2
Prohibition of Certain Activities or Uses. The Tenant and Landlord shall not do
or permit anything to be done in or about, or bring or keep anything in the
Leased Premises which is prohibited by this Lease or will, in any way or to any
extent:

    

    (a) Adversely
affect any fire, liability or other insurance policy carried with respect to the
Building, the Improvements or any of the contents of the Building (except with
Landlord's express written permission, which will not be unreasonably withheld,
but which may be contingent upon Tenant's agreement to bear any additional
costs, expenses or liability for risk that may be involved).

    

    (b) Conflict
with or violate any law, statute, ordinance, rule, regulation or requirement of
any governmental unit, agency or authority (whether existing or enacted or
promulgated in the future, known or unknown, foreseen or
unforeseen).

    

    (c)            Adversely
overload the floors or otherwise damage the structural soundness of the Leased
Premises or Building, or any part thereof (except with Landlord's express
written permission, which will not be unreasonably withheld, but which may be
contingent upon Tenant's agreement to bear any additional costs, expenses or
liability for risk that may be involved).

     

    5.3
Affirmative Obligations with Respect to Use. Tenant and Landlord will comply
with all governmental laws, ordinances, regulations, and requirements, now in
force or which hereafter may be in force, of any lawful governmental body or
authorities having jurisdiction over the Leased Premises, will keep the Premises
and every part thereof in a clean, neat, and orderly condition, free of
objectionable noise, odors, or nuisances, will in all respects and at all times
fully comply with all health and policy regulations, and will not suffer,
permit, or commit any waste.

    

    5.4
Suitability. The Leased Premises, Building and Improvements (and each and every
part thereof) shall be deemed to be in satisfactory condition unless, within one
hundred twenty (120) days after the Rental Commencement Date, Tenant shall give
Landlord written notice specifying, in reasonable detail, the respects in which
the Leased Premises, Building or Improvements are not in satisfactory
condition.

    

    5.5
Taxes. Tenant shall pay all taxes, assessments, charges, and fees which during
the term hereof may be imposed, assessed or levied by any governmental or public
authority against or upon Tenant's use of the Leased Premises or any personal
property or fixture kept or installed therein by Tenant and on the value of
leasehold improvements to the extent that the same exceed Building
allowances.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    VI.
UTILITIES AND SERVICE

    

    6.1
Obligation of Landlord. During the term of this Lease the Landlord agrees to
cause to be furnished to the Leased Premises the following utilities and
services, the cost and expense of which shall be included in Basic and/or Direct
Costs:

    

    (a) Electricity,
water, gas and sewer service.

    

    (b) Telephone
connection, but not including telephone stations and equipment (it being
expressly understood and agreed that Tenant shall be responsible for the
ordering and installation of telephone lines and equipment which pertain to the
Leased Premises.

    

    (c) Heat and
air-conditioning to such extent and to such levels as is reasonably required for
the comfortable use and occupancy of the Leased Premises subject however to any
limitations imposed by any government agency.  Landlord’s
responsibility includes the repair and maintenance of 1 Rite hot water boiler, 2
TACO circulating pumps, 2 Trane package DX units, 4 Trane split HVAC systems,
and 150 gal domestic water heater and all other heat and air conditioning
equipment used to maintain the building to industry standards.

    

    

    (d)           Janitorial
service.

     

    (e)           Security
(including the lighting of common halls, stairways, entries and restrooms) to
such extent as is usual and customary in similar buildings in Weber County,
Utah.

    (f)Snow
removal service.

    (g)           Landscaping
and groundskeeping service.

     

    (h)            Elevator
Service

    (i)           Property
Taxes assessed against the Leased Premises.

     

    

    It is
expressly agreed and understood that Tenant will make no alternations, additions
or betterment to, or installations upon the Leased Premises without the prior
written approval of Landlord, which approval shall not be unreasonably
withheld.

    

    6.2
Tenant's Obligations. Tenant shall arrange for and shall pay the entire cost and
expense of all telephone stations, equipment and use charges, electric light
bulbs and all other materials and services not expressly required to be provided
and paid for pursuant to the provisions of Section 6.1 above.

    

    6.3
Limitation on Landlord's Liability. Following the Rental Commencement Date of
this Lease Agreement, Landlord shall not be liable for and Tenant shall not be
entitled to terminate this Lease or to effectuate any abatement or reduction of
rent by reason of Landlord's failure to provide or furnish any of the foregoing
utilities or services if such failure was reasonably beyond the control of
Landlord. In no event shall Landlord be liable for loss or injury to persons or
property, however, arising or occurring in connection with or attributable to
any failure to furnish such utilities or services unless such failure to furnish
is caused by the gross negligence or willful misconduct of
Landlord.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    VII.
MAINTENANCE AND REPAIRS; ALTERATIONS; ACCESS

    

    7.1
Maintenance and Repairs by Landlord. Landlord, at Landlord's sole cost and
expense, shall maintain in good, first-class order, condition and repair the
structural components of the Leased Premises, including without limitation roof,
exterior walls and foundations for the term of the Lease following the warranty
period under any construction warranties. Landlord, at Landlord's sole cost and
expense, shall perform maintenance and repair specified in this paragraph during
the warranty period under any construction warranties.

    

    

    7.2
Maintenance and Repairs by Tenant. Tenant, at Tenant's sole cost and expense and
without prior demand being made, shall maintain the Leased Premises in good
order, condition and repair, and will be responsible for the painting, carpeting
or other interior design work of the Leased Premises beyond the initial
construction phase, and shall maintain all building equipment and fixtures in
accordance with generally accepted maintenance standards, which standards shall
be approved by Landlord. If repainting or recarpeting is required and authorized
by Tenant, the cost for such are the sole obligation of Tenant and shall be paid
for by Tenant immediately following the performance of said work and a
presentation of an invoice for payment.  Tenant is free to use its
tenant improvement allowance to cover any of these items.  Tenant
shall have no liability or responsibility for ordinary wear and
tear.

     

    7.3
Alterations. Tenant shall not make or cause to be made any structural
alterations, additions or improvements to the Building, without first obtaining
Landlord's written approval, which approval shall not be unreasonably withheld.
Notwithstanding anything contained in this Paragraph to the contrary, Tenant
shall be allowed to make non-structural improvements in the Leased Premises up
to a cost of Ten Thousand and no/l00 Dollars ($10,000.00) without Landlord's
approval. Tenant shall present to the Landlord plans and specifications for such
work at the time approval is sought. In the event Landlord consents to the
making of any alterations, additions, or improvements to the Leased Premises by
Tenant, the same shall be made by Tenant at Tenant's sole cost and expense.
Tenant may make non-structural improvements, alterations, or additions to the
Leased Premises without Landlord approval at Tenant's sole cost and expense. All
such work with respect to any alterations, additions, and changes shall be done
in a good and workmanlike manner and diligently prosecuted to completion such
that, except as absolutely necessary during the course of such work, the Leased
Premises shall at all times be a complete operating unit. Any such alterations,
additions, or changes shall be performed and done strictly in accordance with
all laws and ordinances relating thereto. Any alterations, additions, or
improvements to or of the Leased Premises, including, but not limited to, wall
covering, paneling, and built-in cabinet work, but excepting movable furniture
and equipment, shall at once become a part of the realty and shall be
surrendered with the Leased Premises unless Landlord otherwise elects at the end
of the term hereof.

    

     7.4
Landlord's Access to Leased Premises. Landlord shall have the right to place,
maintain, and repair all utility equipment of any kind in, upon, and under the
Leased Premises as may be necessary for the servicing of the Leased Premises and
other portion of the Building. Landlord shall upon providing adequate notice to
Tenant, also have the right to enter the Leased Premises at all times to inspect
or to exhibit the same to prospective purchasers, mortgagees, tenants, and
lessees, and to make such repairs, additions, alterations, or improvements as
Landlord may deem desirable. In the event that Landlord must make unavoidable
repairs, Landlord shall be allowed to take all material upon said Leased
Premises that may be required therefor without the same constituting an actual
or constructive eviction of Tenant in whole or in part, and the rents reserved
herein shall in no wise abate while said work is in progress by reason of loss
or interruption of Tenant's business or otherwise, and Tenant shall have no
claim for damages. Provided, however, that in the event that such repairs create
undue interference with Tenant's operations, Landlord agrees to give Tenant
adequate written notice of such work, and agrees to provide the Tenant with
alternate, temporary space suitable for the maintenance of its operations.
During the three (3) months prior to expiration of this Lease or of any renewal
term, Landlord may place upon the Leased Premises "For Lease" or "For Sale"
signs which Tenant shall permit to remain thereon.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    VIII.
ASSIGNMENT

    

    8.1
Assignment Prohibited. Tenant shall not transfer, assign, mortgage, or
hypothecate this Lease, in whole or in part, or permit the use of the Leased
Premises by any person or persons other than Tenant, or sublet the Leased
Premises, or any part thereof, without the prior written consent of Landlord in
each instance, which consent shall not be unreasonably withheld, provided
sufficient information is provided to Landlord to accurately represent the
financial condition of those to whom this Lease will be transferred, assigned,
mortgaged, or hypothecated. Such prohibition against assigning or subletting
shall include any assignment or subletting by operation of law. Any transfer of
this Lease from the Tenant by merger, consolidation, transfer of assets, or
liquidation shall constitute an assignment for purposes of this Lease. In the
event that Tenant hereunder is a corporation, an unincorporated association, or
a partnership, the transfer, assignment, or hypothecation of any stock or
interest in such corporation, association, or partnership (except for transfers
to Tenant's affiliates or to family members of existing shareholders of Tenant)
in the aggregate in excess of forty-nine percent (49%) shall be deemed an
assignment within the meaning of this Section.

    

    8.2
Consent Required. Any assignment or subletting without Landlord's consent shall
be void, and shall constitute a default hereunder which, at the option of
Landlord, shall result in the termination of this Lease or exercise of
Landlord's other remedies hereunder, if such assignment or subletting is not
revoked by Tenant within thirty (30) days after written demand by Landlord.
Consent to any assignment or subletting shall not operate as a waiver of the
necessity for consent to any subsequent assignment or subletting, and the terms
of such consent shall be binding upon any person holding by, under, or through
Tenant.

    

    8.3
Landlord's Right in Event of Assignment. If this Lease is assigned or if the
Leased Premises or any portion thereof are sublet or occupied by any person
other than the Tenant, Landlord may collect rent and other charges from such
assignee or other party, and apply the amount collected to the rent and other
charges reserved hereunder, but such collection shall not constitute consent or
waiver of the necessity of consent to such assignment, subleasing, or other
transfer, nor shall such collection constitute the recognition of such assignee,
sublessee, or other party as the Tenant hereunder or a release of Tenant from
the further performance of all of the covenants and obligations, including the
obligation to pay rent, of Tenant herein contained. In the event that Landlord
shall consent to a sublease or assignment hereunder, Tenant shall pay to
Landlord reasonable fees, not to exceed $100.00, incurred in connection with
processing of documents necessary to the giving of such consent.

     

     

    IX. INDEMNITY

    

     9.1
Mutual Indemnification. Each of Tenant and Landlord shall indemnify the other
and save each other harmless from and against any and all suits, bodily or
personal injury, or property damage arising from or out of any occurrence in,
upon, at or from the Leased Premises, or occasioned wholly or in part by any act
or omission of the indemnifying party, its agents, contractors, employees,
servants, invitees, licensees or concessionaires. All insurance policies carried
by Tenant and/or Landlord shall include a waiver of subrogation endorsement
which specifies that the insurance carrier(s) will waive any right of
subrogation against Tenant and/or Landlord arising out of any insurance
claim.

    

    9.2           Notice.
Tenant shall give prompt notice to Landlord in case of fire or accidents in the
Leased Premises or of defects therein or in any fixtures or
equipment.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    X. INSURANCE

    

    10.1 Fire
and "All Risk" Insurance. At all times during the term of this Lease, Tenant
shall keep in force at its sole cost and expense, fire and "All Risk" (including
vandalism and malicious mischief) insurance equal to the replacement cost of
"Tenant's fixtures, furnishings, equipment, and contents upon the Leased
Premises, and all improvements made by Tenant to the Leased Premises, and the
Building (excluding fixtures, furnishings, equipment, and contents belonging to
tenants other than Landlord and all improvements or additions made by tenants
other than Landlord). Landlord shall be named as an additional insured on all
such policies.

    

    10.2
Property Coverage. Landlord shall obtain and maintain in force "All Risk"
insurance, including vandalism and malicious mischief, required to cover any
loss or destruction that the Leased Premises herein may experience during the
Lease period and any extension thereof, and including, at Landlord's discretion,
flood and earthquake coverage if commercially available at reasonable rates.
Such insurance shall also include coverage against loss of rents. Landlord shall
submit to Tenant copies of all the proposed policies for Tenant to review.
Landlord and Tenant shall jointly agree on the coverage to be purchased on the
Leased Premises and Landlord's personal property, which coverage shall be
reasonably satisfactory to Landlord's lender. Tenant shall pay Landlord, as a
separate consideration, all reasonable costs to purchase the insurance called
for in this paragraph on the Leased Premises.

     

    
      	 
      

    

    
      	
              11

            

    

    10.3
Liability Insurance. Tenant shall, during the entire term hereof, keep in full
force and effect a policy of public liability and property damage insurance with
respect to the Leased Premises and Building, with a combined single limit for
personal or bodily injury and property damage of not less than $1,000,000.00.
The policy shall name Landlord, any person, firms, or corporations designated by
Landlord, and Tenant as insureds, and shall contain a clause that the insurer
will not cancel or materially change the insurance pertaining to the Leased
Premises without first giving Landlord ten (10) days written notice. Tenant
shall at all times during the term hereof provide Landlord with evidence of
current insurance coverage. All public liability, property damage, and other
liability policies shall be written as primary policies, not contributing with
coverage which Landlord may carry. All such policies shall contain a provision
that Landlord, although named as an insured, shall nevertheless be entitled to
recover under said policies for any loss occasioned to it, its servants, agents,
and employees by reason of the negligence of Tenant. All such insurance shall
specifically insure the performance by Tenant of the indemnity agreement as to
liability for injury to or death of persons or injury or damage to property
contained in Part IX.

    

    10.4
Waiver of Subrogation. Tenant and Landlord each waives its right of subrogation
against each other for any reason whatsoever with respect to claims that are
covered by and paid for through any policies of insurance maintained by either
Landlord or Tenant..

    

    10.5
Lender. Any mortgage lender interest in any part of the Building or Improvements
may, at Landlord's option, be afforded coverage under any policy required to be
secured by Tenant hereunder, by use of a mortgagee's endorsement to the policy
concerned.

    

    

    XI.
DESTRUCTION

    

    If the
Leased Premises shall be partially damaged by any casualty insured against under
any insurance policy maintained by Landlord, Landlord shall, upon receipt of the
insurance proceeds, repair the Leased Premises, and until repair is complete the
Basic Annual Rent and Additional Rent shall be abated proportionately as to that
portion of the Leased Premises rendered untenantable. Notwithstanding the
foregoing, if (a) the Leased Premises by reason of such occurrence are rendered
wholly untenantable, or (b) the Leased Premises should in whole or in part
during the last six (6) months of the term or of any renewal hereof, or (c) the
Leased Premises or the Building (whether the Leased Premises are damaged or not)
should be damaged to the extent of fifty percent (50%) or more of the
then-monetary value thereof, then and in any such events, Landlord may either
elect to repair the damage or may cancel this Lease by notice of cancellation
within ninety (90) days after such event and thereupon this Lease shall expire,
and Tenant shall vacate and surrender the Leased Premises to Landlord. Tenant's
liability for rent upon the termination of this Lease shall cease as of the day
following Landlord's giving notice of cancellation. In the event Landlord elects
to repair any damage, any abatement of rent shall end five (5) days after notice
by Landlord to Tenant that the Leased Premises have been repaired. If the damage
is caused by the negligence of Tenant or its employees, agents, invitees, or
concessionaires, there shall be no abatement of rent. Unless this Lease is
terminated by Landlord, Tenant shall repair and refixture the interior of the
Leased Premises in a manner and in at least a condition equal to that existing
prior to the destruction or casualty and the proceeds of all insurance carried
by Tenant on its property and fixtures shall be held in trust by Tenant for the
purpose of said repair and replacement.

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    XII.
CONDEMNATION

    

    12.1
Total Condemnation. If the whole of the Leased Premises shall be acquired or
taken by condemnation proceeding, then this Lease shall cease and terminate as
of the date of title vesting in such proceeding.

    

    12.2
Partial Condemnation. If any part of the Leased Premises shall be taken as
aforesaid, and such partial taking shall render that portion not so taken
unsuitable for Tenant's operations, then this Lease shall cease and terminate as
aforesaid. If such partial taking is not extensive enough to render the Leased
Premises unsuitable for Tenant's operations, then this Lease shall continue in
effect except that the Annual Rental and Additional Rent shall be reduced in the
same proportion that the portion of the Leased Premises (including basement, if
any) taken bears to the total area initially demised, and Landlord shall, upon
receipt of the award in condemnation, make all necessary repairs or alterations
to the Building in which the Leased Premises are located, provided that Landlord
shall not be required to expend for such work an amount in excess of the amount
received by Landlord as damages for the part of the Leased Premises so taken.
"Amount received by Landlord" shall mean that part of the award in condemnation
which is free and clear to Landlord of any collection by mortgage lenders for
the value of the diminished fee.

    

    12.3
Landlord's or Tenant's Option to Terminate. If more than twenty percent (20%) of
the Building shall be taken as aforesaid, Landlord or Tenant may, by written
notice to the other party, terminate this Lease. If this Lease is terminated as
provided in this Section, rent shall be paid up to the day that possession is so
taken by public authority and Landlord shall make an equitable refund of any
rent paid by Tenant in advance.

    

    12.4
Award. Tenant shall be entitled to any condemnation award for any taking,
whether whole or partial, to the extent such award is specifically given for
diminution in value of Tenant's Leasehold or cost to relocate.  Tenant
shall also be entitled to such other amounts as may be recoverable by Tenant in
its own right for damages to Tenant's business and fixtures.

    

    12.5
Definition. As used in this Part XII the term "condemnation proceeding" means
any action or proceeding in which any interest in the Leased Premises is taken
for any public or quasi-public purpose by any lawful authority through exercise
of eminent domain or right of condemnation or by purchase or otherwise in lieu
thereof.

    

    

     

    XIII.
LANDLORD'S RIGHTS TO CURE

    

    13.1
General Right. In the event of breach, default, or noncompliance hereunder by
Landlord, following the Rental Commencement Date of this Lease Agreement, Tenant
shall, before exercising any right or remedy available to it, give Landlord
written notice of the claimed breach, default, or noncompliance. If prior to its
giving such notice Tenant has been notified in writing (by way of Notice of
Assignment of Rents and Leases, or otherwise) of the address of a lender which
has furnished any of the financing referred to in Part XIV hereof, concurrently
with giving the aforesaid notice to Landlord, Tenant shall, by registered mail,
transmit a copy thereof to such lender. For the thirty (30) days following the
giving of the notice(s) required by the foregoing portion of this section (or
such longer period of time as may be reasonably required to cure a matter which,
due to its nature, cannot reasonably be rectified within thirty (30) days), if
within such thirty (30) day period Landlord has commenced and is diligently
pursuing the actions or remedies necessary to cure the breach, default or
noncompliance involved, Landlord shall have the right to cure the breach,
default, or noncompliance involved. If Landlord has failed to cure a default
within said period, any such lender shall have an additional thirty (30) days
within which to cure the same or, if such default cannot be cured within that
period, such additional time as may be necessary if within such thirty (30) day
period said lender has commenced and is diligently pursuing the actions or
remedies necessary to cure the breach default, or noncompliance involved
(including, but not limited to, commencement and prosecution of proceedings to
foreclose or otherwise exercise its rights under its mortgage or other security
instrument, if necessary to effect such cure), in which event this Lease shall
not be terminated by Tenant so long as such actions or remedies are being
diligently pursued by said lender.

    

    13.2
Mechanic's Lien. Should any mechanic's or other lien be filed against the Leased
Premises or any part thereof by reason of Tenant's acts or omissions or because
of a claim against Tenant, Tenant shall cause the same to be canceled and
discharged of record by bond or otherwise within ten (10) days after notice by
Landlord; provided, however, that Tenant may contest the amount or validity of
any such lien in good faith so long as Tenant ensures that the lien is satisfied
or released prior to any final foreclosure sale thereof.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    XIV.
FINANCING; SUBORDINATION

    

    14.1
Subordination. Tenant acknowledges that it might be necessary for Landlord or
its successors or assigns to secure mortgage loan financing or refinancing
affecting the Leased Premises. Tenant also acknowledges that the lender
interested in any given loan may desire that Tenant's interest under this Lease
be either superior or subordinate to the mortgage then held or to be taken by
said Lender. Accordingly, Tenant agrees that at the request of Landlord at any
time and from time to time Tenant shall execute and deliver to Landlord an
instrument, in form reasonably acceptable to Landlord and Tenant, whereby Tenant
subordinates its interest under this Lease and in the Leased Premises to such of
the following encumbrances as may be specified by Landlord: Any mortgage or
trust deed and customary related instruments are herein collectively referred to
merely as a "Mortgage" and securing a loan obtained by Landlord or its
successors or assigns for the purpose of enabling acquisition of the Building
and/or construction of additional improvements to provide permanent financing
for the Building, or for the purpose of refinancing any such construction,
acquisition, standing or permanent loan. Provided, however, that any such
instrument or subordination executed by Tenant shall provide that so long as
Tenant continues to perform all of its obligations under this Lease its tenancy
shall remain in full force and effect notwithstanding Landlord's default in
connection with the Mortgage concerned or any resulting foreclosure or sale or
transfer in lieu of such proceedings. Tenant shall not subordinate its interests
hereunder or in the Leased Premises to any lien or encumbrance other than the
Mortgages described in and specified pursuant to this Section 14.1 without the
prior written consent of Landlord and of the lender interested under each
mortgage then affecting the Leased Premises. Any such unauthorized subordination
by Tenant shall be void and of no force or effect whatsoever.

    

    14.2
Amendment. Tenant recognizes that Landlord's ability from time to time to obtain
construction, acquisition, standing, and/or permanent mortgage loan financing
for the Building and/or the Leased Premises may in part be dependent upon the
acceptability of the terms of this Lease to the lender concerned. Accordingly,
Tenant agrees that from time to time it shall, if so requested by Landlord and
if doing so will not adversely affect Tenant's interests hereunder join with
Landlord in amending this Lease so as to meet the needs or requirements of any
lender which is considering making or which has made a loan secured by a
mortgage affecting the Leased Premises.

    

    14.3
Attornment. Any sale, assignment, or transfer of Landlord's interest under this
Lease or in the Leased Premises including any such disposition resulting from
Landlord's default under a mortgage, shall be subject to this Lease and also
Tenant shall attorn to Landlord's successor and assigns and shall recognize such
successor or assigns as Landlord under this Lease, regardless of any rule of law
to the contrary or absence of privity of contract

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    XV.
EVENTS OF DEFAULT; REMEDIES OF LANDLORD AND TENANT

    

    15.1
Default by Tenant. Upon the occurrence of any of the following events, Landlord
shall have the remedies set forth in Section 15.2:

    

    (a) Tenant
fails to pay any installment of Annual Rental or Additional Rent or any other
sum due hereunder within ten (10) days after Tenant receives written notice of
rent due.

    

    (b) Tenant
fails to perform any other term, condition, or covenant to be performed by it
pursuant to this Lease within thirty (30) days after written notice of such
default shall have been given to Tenant by Landlord or, if cure would reasonably
require more than thirty (30) days to complete, if Tenant fails to commence
performance within the thirty (30) day period or fails diligently to pursue such
cure to completion.

    

    (c) Tenant or
any guarantor of this Lease shall become bankrupt or insolvent or file any
debtor proceedings or have taken against such party in any court pursuant to
state or federal statute, a petition in bankruptcy or insolvency,
reorganization, or appointment of a receiver or trustee; or Tenant petitions for
or enters into an arrangement; or suffers this Lease to be taken under a writ of
execution.

    

    15.2
Remedies. In the event of any material default by Tenant hereunder, Landlord may
at any time, without waiving or limiting any other right or remedy available to
it, terminate Tenant's rights under this Lease by written notice, re-enter and
take possession of the Premises by any lawful means (with or without terminating
this Lease), or pursue any other remedy allowed by law. Tenant agrees to pay to
Landlord the reasonable cost of recovering possession of the Premises, all
reasonable costs of reletting, and all other reasonable costs and damages
arising out of Tenant's default (excluding consequential damages), including
reasonable attorneys' fees. Notwithstanding any re-entry, the liability of
Tenant for the rent reserved herein shall not be extinguished for the balance of
the Term, and Tenant agrees to compensate Landlord upon demand for any
deficiency arising from reletting the Premises at a lesser rent than applies
under this Lease; EXCEPT THAT in no event shall Tenant be liable for more than
the amount that would have otherwise been due had Tenant exercised its early
termination rights hereunder.

     

     

    15.3 Past
Due Sums; Penalty. If Tenant fails to pay, when the same is due and payable, any
Annual Rental, Additional Rent, or other sum required to be paid by it
hereunder, such unpaid amounts shall bear interest from the due date thereof to
the date of payment at a fluctuating rate equal to two percent (2%) per annum
above the prime rate of interest charged by First Security Bank of Utah, Salt
Lake City, Utah. In addition thereto, if any such annual rental, additional
rent, or other sum is not paid within ten (10) days after receipt of written
demand, Tenant shall pay a sum of two percent (2%) of such unpaid amounts as a
service fee. Notwithstanding the foregoing, however, Landlord's right concerning
such interest and service fee shall be limited by the maximum amount which may
properly be charged by Landlord for such purposes under applicable
law.

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    XVI. PROVISIONS
APPLICABLE AT TERMINATION OF LEASE

    

    16.1
Surrender of Premises. At the expiration of this Lease, except for changes made
by Tenant that were approved by Landlord, Tenant shall surrender the Leased
Premises in the same condition, less reasonable wear and tear, as they were in
upon delivery of possession thereto under this Lease and shall deliver all keys
to Landlord.

    Before
surrendering the Leased Premises, Tenant shall remove all of its personal
property and trade fixtures and such property or the removal thereof shall in no
way damage the Leased Premises, and Tenant shall be responsible for all costs,
expenses and damages incurred in the removal thereof. If Tenant fails to remove
its personal property and fixtures upon the expiration of this Lease, the same
shall be deemed abandoned and shall become the property of
Landlord.

    

    16.2
Holding Over. Any holding over after the expiration of the term hereof or of any
renewal term shall be construed to be a tenancy from month to month at such
rates as Landlord may reasonably designate and on the terms herein specified so
far as possible.

     

    XVII. ATTORNEYS'
FEES

    

    In the
event that at any time during the term of this Lease either Landlord or the
Tenant institutes any action or proceeding against the other relating to the
provisions of this Lease or any default hereunder, then the unsuccessful party
in such action or proceeding agrees to reimburse the successful party for
reasonable attorneys' fees, incurred therein by the successful
party.

    

    

    XVIII
ESTOPPEL CERTIFICATE

    

    18.1
Landlord's Right to Estoppel Certificate. Tenant shall, within fifteen (15) days
after Landlord's request, execute and deliver to Landlord a written declaration,
in form and substance similar to Exhibit "D", in recordable form (a) ratifying
this Lease; (b) expressing the Commencement Date and termination date hereof;
(c) certifying whether or not this Lease is in full force and effect and whether
or not it has been assigned, modified, supplemented or amended (except by such
writing as shall be stated); (d) whether or not all conditions under this Lease
to be performed by Landlord have been satisfied; (e) that there are no defenses
or offsets against the enforcement of this Lease by the Landlord, or stating
those claimed by Tenant; (f) the amount of advance rental, if any, (or none if
such is the case) paid by Tenant; (g) the date to which rental has been paid;
(h) the amount of security deposited with Landlord; and (i) such other
information as Landlord may reasonably request. Landlord's mortgage lenders
and/or purchasers shall be entitled to rely upon such declaration.

     

    
 

    18.2
Effect of Failure to Provide Estoppel Certificate. Tenant's failure to furnish
any Estoppel Certificate within fifteen (15) days after request therefor shall
be deemed a default hereunder and moreover, it shall be conclusively presumed
that (a) this Lease is in full force and effect without modification in
accordance with the terms set forth in the request; (b) that there are no
unusual breaches or defaults on the part of the Landlord; and (c) no more than
one (1) month's rent has been paid in advance.

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    XIX. SIGNS,
AWNINGS, AND CANOPIES

    

    Signs,
awnings, and canopies are allowed as long as they are within local law and
building codes.

    

    

    XX. MISCELLANEOUS
PROVISIONS

    

    20.1 No
Partnership. Landlord does not by this Lease, in any way or for any purpose,
become a partner or joint venturer of Tenant in the conduct of its business or
otherwise.

    

    20.2
Force Majeure. Landlord and Tenant shall be excused for the period of any delay
in the performance of any obligations hereunder when prevented from so doing by
cause or causes beyond Landlord's or Tenant's control, including labor disputes,
civil commotion, war, governmental regulations or controls, fire or other
casualty, inability to obtain any material or service not related to Landlord's
negligence, or acts of God.

    

    20.3 No
Waiver. Failure of either party to insist upon the strict performance of any
provision or to exercise any option hereunder shall not be deemed a waiver of
such breach. No provision of this Lease shall be deemed to have been waived
unless such waiver be in writing signed by the waiving party.

     

    20.4
Notice. Any notice, demand, request, or other instrument which may be or is
required to be given under this Lease shall be delivered in person or sent by
United States certified or registered mail, postage prepaid and shall be
addressed (a) if to Landlord, at the place specified for payment of rent, and
(b) if to Tenant, either at the Demised Premises or at any other current address
for Tenant which is known to Landlord. Either party may designate such other
address as shall be given by written notice.

     

    

    20.5
Captions; Attachments; Defined Terms

    

    (a) The
captions to the Section of this Lease are for convenience of reference only and
shall not be deemed relevant in resolving questions of construction or
interpretation under this Lease.

    

    (b) Exhibits
referred to in this Lease, and any addendums and schedules attached to this
Lease and initialed by the parties shall be deemed to be incorporated in this
Lease as though part thereof.

    

    20.6
Recording. Tenant may record this Lease or a memorandum thereof with the written
consent of Landlord, which consent shall not be unreasonably withheld. Landlord,
at its option and at any time, may file this Lease for record with the Recorder
of the County in which the Building is located.

    

    20.7
Partial Invalidity. If any provision of this Lease or the application thereof to
any person or circumstance shall to any extent be invalid, the remainder of this
Lease or the application of such provision to persons or circumstances other
than those as to which it is held invalid shall not be affected thereby and each
provision of this Lease shall be valid and enforced to the fullest extent
permitted by law.

    

    20.8
Broker's Commissions. Each party represents and warrants that there are no
claims for brokerage commissions or finder's fees in connection with this Lease
and agrees to indemnify the other party against and hold it harmless from all
liabilities arising from such claim, including any attorneys' fees connected
therewith.

     

    20.9
Tenant Defined: Use of Pronouns. The word "Tenant" shall be deemed and taken to
mean each and every person or party executing this document as a Tenant herein.
If there is more than one person or organization set forth on the signature line
as the Tenant, their liability hereunder shall be joint and several. If there is
more than one Tenant, any notice required or permitted by the terms of this
Lease may be given by or to any one thereof, and shall have the same force and
effect as if given by or to all thereof. The use of the neuter singular pronoun
to refer to Landlord or Tenant shall be deemed a proper reference even though
Landlord or Tenant may be an individual, a partnership, a corporation, or a
group of two or more individuals or corporation. The necessary grammatical
changes required to make the provisions of this Lease apply in the plural sense
where there is more than one Landlord or Tenant and to corporations,
associations, partnerships, or individuals, males or females, shall in all
instances be assumed as though in each case fully expressed.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    20.10
Provisions Binding, Etc. Except as otherwise provided, all provisions herein
shall be binding upon and shall inure to the benefit of the parties, their legal
representative, heirs, successors, and assigns. Each provision to be performed
by Tenant shall be construed to be both a covenant and a condition, and if there
shall be more than one Tenant, they shall all be bound, jointly and severally,
by such provisions.

    

    20.11
Entire Agreement, Etc. This Lease and the Exhibits, Riders, the Business
Agreement, and/or Addenda, if any, attached hereto, constitute the entire
agreement between the parties. All Exhibits, Riders, the Business Agreement,
and/or Addenda mentioned in this Lease are incorporated herein by reference. Any
Guaranty attached hereto is an integral part of this Lease and constitutes
consideration given to Landlord to enter in this Lease. Any prior conversations
or writings are merged herein and extinguished. No subsequent amendment to this
Lease shall be binding upon Landlord or Tenant unless reduced to writing and
signed. Submission of this Lease for examination does not constitute an option
for the Leased Premises and becomes effective as a lease only upon execution and
delivery thereof by Landlord to Tenant. If any provision contained in Rider or
Addenda is inconsistent with a provision in the body of this Lease, the
provision contained in said Rider or Addenda shall control. It is hereby agreed
that this Lease contains no restrictive covenants or exclusives in favor of
Tenant. The captions and Section numbers appearing herein are inserted only as a
matter of convenience and are not intended to define, limit, construe, or
describe the scope or intent of any Section or Paragraph.

    

    20.12
Choice of Law. This Lease shall be governed by and construed in accordance with
the laws of the State of Utah.

    

    

    20.13
Quiet Enjoyment. Landlord hereby warrants that Landlord (and no other person or
corporation) has the right to lease the property and the Leased Premises, and
that Tenant shall have peaceful and quiet use and possession of the Leased
Premises without hindrance on the part of Landlord, and that Landlord shall
warrant and defend Tenant and its successors and assigns in such peaceful and
quiet use and possession against the claims of all persons or corporations
whatsoever claiming by, under and through Landlord.

     

     

    20.14
Option to Purchase.  Intentionally Deleted.

     

    XXI.  COMMON
AREA

     

     

    21.1           Definition
of Common Areas.  "Common Areas" means all areas, space, equipment and
special services provided for the joint or common use and benefit of the tenants
or occupants of the Building and Property or portions thereof, and their
employees, agents, servants, patients, customers, and other invitees
(collectively referred to herein as "Occupants") including without limitation,
parking, access roads, driveways, retaining walls, landscaped areas,
serviceways, loading docks, pedestrian walks; courts, stairs, ramps, and
sidewalks; common corridors, rooms and restrooms; air-conditioning, fan,
janitorial, electrical and telephone rooms or closets; and all other areas
within the Building which are not specified for exclusive use or occupancy by
Landlord or any tenant (whether or not they are leased or
occupied).

     

    

    
      	
              21.2

            	
              License
      to Use Common Areas.  The Common Areas shall be available for
      the common use of all Occupants and shall be used and occupied under a
      revocable license.  If any such license shall be revoked, or if
      the amount of such areas shall be changed or diminished, Landlord shall
      not be subject to any liability nor shall Tenant be entitled to any
      compensation or diminution or abatement of rent nor shall revocation or
      diminution of such areas be deemed constructive or actual
      eviction.  All Common Areas shall be subject to the exclusive
      control and management of Landlord.  Landlord shall have the
      right to construct, maintain, and operate lighting and other facilities on
      all said areas and improvements; to police the same; to change the area,
      level, location, and arrangement of parking areas and other facilities; to
      restrict parking by tenants, their officers, agents, and employees; to
      close all or any portion of said areas or facilities to such extent as may
      be legally sufficient to prevent a dedication thereof or the accrual of
      any right to any person or the public therein; and to close temporarily
      all or any portion of the parking areas or facilities to discourage
      non-occupant parking.  Landlord shall operate and maintain the
      Common Areas in such manner as Landlord in its discretion shall determine,
      shall have full right and authority to employ and discharge all personnel
      with respect thereto, and shall have the right, through reasonable rules,
      regulations, and/or restrictive covenants promulgated by it from time to
      time, to control use and operation of the Common Areas in order that the
      same may occur in a proper and orderly
fashion.

            

    

    

    
      	
              21.3

            	
              Parking.  Automobiles
      of Tenant and all Occupants (as defined above) associated with Tenant
      shall be parked only within parking areas not otherwise reserved by
      Landlord. Landlord or its agents shall, without any liability to Tenant or
      its Occupants, have the right to cause to be removed any automobile that
      may be wrongfully parked in a prohibited or reserved parking
      area.  Tenant shall from time to time, upon request of Landlord,
      supply Landlord with a list of license plate numbers of all automobiles
      owned by Tenant or its day-to-day Occupants.  Tenant shall have
      the right to designate at least 20 spaces as Iomega Reserved, and Tenant
      shall at all times have the right to at least 57.7% of the parking at the
      Building, hence 218 spaces.

            

    

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    IN
WITNESS WHEREOF, the Landlord and Tenant have executed this Lease on the day
first set forth above.

    

    

    
      	
               
      

            	
              LANDLORD:

            	
              BOYER
      IOMEGA II, A UTAH LIMITED LIABILITY COMPANY, BY ITS MANAGING PARTNER, THE
      BOYER COMPANY, L.C.

            

    

     

    
      By: /s/ Devon
Glenn                                   
 

    

    Devon
Glenn

    COO
and Manager

     

    TENANT:                               IOMEGA
CORPORATION

     

    By: /s/ Jonathan
S. Huberman                 

                                                                                                                    Its:
Chief Executive
Officer                       

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    NOTARY

     

                  STATE
OF
UTAH                          )

     

                 COUNTY
OF SALT
LAKE           )

     

    On
this                              day
of________, 2008, personally appeared before me H. Roger Boyer, who duly
acknowledged to me that he executed the foregoing Lease as the CHAIRMAN AND
MANAGER OF BOYER IOMEGA II, BY ITS MANAGING PARTNER, THE BOYER COMPANY, L.C., A
UTAH LIMITED LIABILITY COMPANY.

     

    My
Commission Expires:

    
      

       

      Notary
Public

    

    Residing
at

     

    On
this                      ______
day
of                                ______________,
2008, personally appeared before me, one of the signers of the foregoing Lease,
who duly acknowledged to me that he executed the same.

    

    

    My
Commission Expires:

    
      

       

      Notary
Public

    

    Residing
at

     

    

    

    

    

    

    

    

    RIDER

    

     

    This
Rider is attached and made part of the Lease between BOYER IOMEGA II, A UTAH LIMITED LIABILITY COMPANY, BY
ITS MANAGING PARTNER THE BOYER COMPANY, L. C., (the "Landlord"), and
IOMEGA CORPORATION dated
January 1, 2008.1.Early Termination Option:

     

     

    Tenant
shall have the right to terminate for any reason with nine months written notice
the space located on the second floor comprising 5,032 rentable square feet or
shall also have the right to terminate the premises in its entirety, both on the
first floor and second floor (51,924 sq. ft.). In no event shall such
termination date be effective prior to the thirty-six month.  Upon
exercising the option, tenant shall reimburse Landlord any unamortized
improvement allowance actually spent and used by Iomega for the space being
terminated (based on a 6 year straight-line amortization schedule), and the
reduction in rent concession -- which totals $121,500 (calculated as the
difference between Iomega's current rent of $12.35 NNN and the $11.00 NNN as per
the former Lease based on 90,000 sq. ft.), or 9.69% of that sum in the event of
a termination by Iomega just of the 5032 feet on the second floor (hence,
$11,774).

     

     

    2.           Article
XXI  Signs, Awnings and Canopies:

     

     

    Nothwithstanding
anything contained to the contrary, Tenant shall be permitted to place signage
on the exterior of the building.  In addition, Iomega shall be the
only party permitted to place signage on the crown of the Building facing 1900
West.  Iomega’s signage must be approved by Landlord and must comply
with all local laws and building codes.  The cost of designing,
manufacturing, installing and maintaining the signage shall be at the sole cost
to Tenant.  In no event will any other tenant receive more prominent
signage in connection with the building than Iomega.  In the event
that a second tenant leases 30,000 square feet or greater within the building,
such tenant may receive Crown signage along with Iomega but not on the side of
the building facing 1900 West.  Crown signage shall be limited to
tenants leasing 30,000 square feet or greater within the building.

     

     

    3.           Article
IV  Additional Rent:

     

     

    The scope
of management services is defined below and reflects a 3% management fee charged
by Landlord to administer such service.  The management fee is defined
in Article 4.1(b).  Any additional services, not identified in the
scope of management services, requested by Tenant, shall be subject to a
discussion between Iomega and Landlord about whether such services properly
warrant an increased management fee.  In no event shall the management
fee exceed 4%.

     

     

    4.           Advanced
Notice:

     

     

    Regardless
of anything contained to the contrary, Landlord agrees in advance that neither
an acquisition of Iomega by EMC Corp., nor the closing by Iomega of its purchase
of ExcelStor and distribution of stock to Great Wall as announced on December
12, 2007, will cause any end to or termination of Iomega's rights under this
lease.

     

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    EXHIBIT
"A"

     

    LEGAL
DESCRIPTION OF PROPERTY

    

    Lot 2,
AMENDED PLAT OF WASATCH EXECUTIVE PARK, PHASE 1, according to the official plat
thereof, on file in the office of the Weber County Recorder.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
"B"

    PLANS OF
LEASED

     

    

    PREMISES

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

    

    EXHIBIT
"C"

     

     

    Work
Letter

     

     

    Landlord
shall contribute an Allowance of $233,655 for improvements made to the
premises.  The Allowance is to be used to replace the carpet and
repaint where needed within the Leased Premises.  In addition, the
allowance is to be used to pay the cost of adding doors and vestibules on the
first floor to accommodate multi-tenants in the building.  (See
Exhibit C-1).  Landlord and Tenant agree that this sum for vestibules
and other first floor accommodations for additional tenants shall not be spent
unless and until a second tenant actually signs a lease for space at the
Building.  Hence, Landlord shall set aside a sum (not to exceed
$27,500) from the allowance of $233,655, which shall not be spent until a second
tenant at the Building signs a lease (the “Retained Allowance”).  If
no such second tenant signs a lease before the termination of this January 1,
2008 lease agreement, then within 30 days of termination of this lease, Landlord
shall remit the Retained Allowance to Tenant.

     

     

    The
Allowance can also be used for any other reasonably necessary improvements such
as repairing mill-work, bathroom tile, and or parking lot
resurfacing.  Landlord shall be responsible for managing the
construction of such improvements, after plans have been approved by both
Landlord and Tenant.  Any costs exceeding the allowance of $233,655
shall be the sole cost to Tenant.  Tenant shall work with Landlord in
the selection of building standard paint and carpet.

     

     

    It is
expressly understood that in the future, if the second floor is demised to
accommodate multi-tenants that the cost of such work shall be the sole cost and
responsibility of Landlord.

     

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      EXHIBIT
"D"

       

      ACKNOWLEDGMENT
OF COMMENCEMENT DATE

       

      AND
TENANT ESTOPPEL CERTIFICATE

       

      

       

      TO:                                                                           DATE:

       

      

       

      RE:

       

      

       

      Gentlemen:

      

      The
undersigned, as Tenant, has been advised that the Lease has been or will be
assigned to you as a result of your financing of the above-referenced property,
and as an inducement therefor hereby confirms the following:

      

      

      
        	
                1. 

              	
                That
      it has accepted possession and is in full occupancy of the Premises, that
      the Lease is in full force and effect, that Tenant has received no notice
      of any default of any of its obligations under the Lease, and that the
      Lease Commencement Date is

              

      

      

      
        	
                 
      

              	
                2.

              	
                That
      the improvements and space required to be furnished according to the Lease
      have been completed and paid for in all respects, and that to the best of
      its knowledge, Landlord has fulfilled all of its duties under the terms,
      covenants and obligations of the Lease and is not currently in default
      thereunder.3.That the Lease has not been modified, altered, or amended,
      and represents the entire agreement of the parties, except as
      follows:4.That there are no offsets, counterclaims or credits against
      rentals, nor have rentals been prepaid or forgiven, except as provided by
      the terms of the Lease.

              

      

      

      5.         That
said rental payments commenced or will commence to accrue on

      , and the
Lease term
expires                                                                                            

      The
amount of the security deposit and all other deposits paid to Landlord
is

      $                                                                                                                 

       

      6.         That
Tenant has no actual notice of a prior assignment, hypothecation or pledge
of

      rents of
the Lease,
except:                                                                                                                 

       

      7.      That
this letter shall inure to your benefit and to the benefit of your successors
and   assigns, and shall be binding upon Tenant and Tenant's
heirs, personal representatives, successors and assigns. This letter shall not
be deemed to alter or modify any of the terms, covenants or obligations of the
Lease.

       

       

      The above
statements are made with the understanding that you will rely on them in
connection with the purchase of the above-referenced property.

       

       

                                                                                                                          Very
truly yours,

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]