Document:

First Amendment to Loan Agreement

  
 Exhibit 10.2 
  
 FIRST AMENDMENT TO LOAN AGREEMENT 
 AND FIRST AMENDMENT TO GUARANTY AGREEMENT

  
 This FIRST AMENDMENT TO LOAN AGREEMENT AND FIRST AMENDMENT TO GUARANTY AGREEMENT (the
“Amendment”) is made as of the 8th day of August, 2002, among FISHER MEDIA SERVICES COMPANY, a Washington corporation (the “Borrower”), BANK OF AMERICA, N.A., a national banking association, U.S. BANK NATIONAL
ASSOCIATION, a national banking association (collectively, the “Lenders” and individually, a “Lender”), BANK OF AMERICA, N.A., a national banking association, as agent (the “Agent”) and FISHER
COMMUNICATIONS, INC., a Washington corporation (“Fisher Communications”). 
  
 RECITALS 

 
 A.    The Borrower, the Lenders and the Agent are parties to that certain Loan Agreement dated as of March
21, 2002 (as amended, restated, extended, supplemented or otherwise modified from time to time, the “Loan Agreement”), pursuant to which the Lenders have agreed to make loans to the Borrower in the maximum principal amount of
$60,000,000. 
  
 B.    Pursuant to the terms of the Loan Agreement, Fisher Communications entered
in to that certain Guaranty Agreement dated as of March 21, 2002 made by Fisher Communications in favor of the Lenders and the Agent (as amended, restated, extended, supplemented or otherwise modified from time to time, the “Guaranty
Agreement”), pursuant to which Fisher Communications guaranteed, among other things, the obligations of the Borrower arising under the Loan Agreement. 
  
 C.    Prior to June 30, 2002 the Borrower and the Guarantor requested that the Lenders modify certain of covenants set forth in the Loan Agreement and the Guaranty Agreement, which
the Lenders agreed to do, subject to the preparation and negotiation of a definitive written agreement. 
  
 D.    The parties hereto now wish to modify certain covenants contained in and schedules attached to the Loan Agreement and the Guaranty Agreement on the terms and conditions set forth in this Amendment.

  
 NOW THEREFORE, in consideration of the foregoing, and for other good and valuable consideration receipt of which
is hereby acknowledged, the parties agree as follows: 
  
 AGREEMENT 
  
 1.    Definitions; Interpretation.    All capitalized terms used in this Amendment and not
otherwise defined herein have the meanings specified in the Loan Agreement. The rules of construction and interpretation specified in Sections 1.02 and 1.05 of the Loan Agreement also apply to this Amendment and are incorporated herein
by this reference. 

  
 2.    Amendments to Loan
Agreement.    The Loan Agreement is amended as follows: 
  
 (a)    Amendment to Section 1.01.    In Section 1.01, the definition of “As-Completed Appraisal” is amended by deleting the phrase “or other qualified independent
commercial real estate appraisal firm selected by the Borrower and acceptable to the Lenders” and substituting in its stead the following phrase “or any successor thereto acceptable to the Lenders.” 
  
 (b)    Amendment to Section 2.04.    Subsection (a) of Section 2.04 is amended and
restated to read as follows: 
  
 (a)    (i) If, as of the date of the
Agent’s receipt of the As-Completed Appraisal required to be delivered to the Agent pursuant to Section 6.02(f) (the “Required Appraisal”), the Outstanding Amount of all Loans exceeds 65% of the “as-is” leased
fee market value of Fisher Plaza based solely on the income capitalization approach of appraisal as set forth in the Required Appraisal, then the Borrower shall promptly, and in no event later than 15 days after the Agent’s receipt of the
Required Appraisal, prepay Loans in an aggregate amount equal to such excess, and (ii) if as of May 31, 2004 the Outstanding Amount of all Loans exceeds 60% of the “as-is” leased fee market value of Fisher Plaza based solely on the income
capitalization approach of appraisal as set forth in the Required Appraisal, or, at the option of the Borrower, another As-Completed Appraisal made as of a later date than the Required Appraisal (the “Optional Appraisal”), then the
Borrower shall on such date, prepay Loans in an aggregate amount equal to the amount by which the Outstanding Amount of all Loans exceeds 60% of the “as-is” leased fee market value of Fisher Plaza based solely on the income capitalization
approach of appraisal as set forth in the Required Appraisal, or, at the option of the Borrower, the Optional Appraisal. 
  
 (c)    Amendment to Section 7.02.    Subsections (a), (g) and (h) of Section 7.02 are amended and restated and subsection (i) is added to read as follows: 
  
 (a)    Investments other than those permitted by subsections (b) through (i) that are existing on the
date hereof and listed on Schedule 7.02; 
  
 (g)    Investments made by
the Borrower in Civia during the period commencing July 1, 2002 and ending December 31, 2002 in an amount not to exceed $1,700,000; 
  
 (h)    Guaranty Obligations permitted by Section 7.03; and 
  
 (i)    Investments permitted by Section 7.04. 

 
 2 

  
 (d)    Amendment to Section
7.11.    Section 7.11 is hereby amended and restated as follows: 
  
 7.11    Capital Expenditures.    Make or become legally obligated to make any expenditure in respect of the purchase or other acquisition of any fixed or capital asset (excluding normal
replacements and maintenance which are properly charged to current operations), except: 
  
 (a)    capital expenditures made by the Borrower related to the completion of, or tenant improvements in or maintenance of Fisher Plaza not to exceed $45,000,000 in the aggregate; 
  
 (b)    capital expenditures made by the Borrower for the joint development and marketing of a media
management system based on Ingeniux XPower software during the period commencing July 1, 2002 and ending December 31, 2002 in an amount not to exceed $1,100,000; 
  
 (c)    capital expenditures in the ordinary course of business made by the Subsidiaries not exceeding, in the aggregate during each
fiscal year set forth below, the amount set forth opposite such fiscal year: 
  
 
	 Fiscal Year
 
	    	 Amount
 

	 2002
 	    	 $1,000,000
 
	 2003
 	    	 $1,000,000
 
	 2004
 	    	 $1,250,000
 

 
  
 (e)    Amendments to
Schedules.    Amendments are made to the Schedules, as follows: 
  
 (i)    Schedule 5.14.    Schedule 5.14 is hereby amended and restated as set forth in Schedule 5.14 attached hereto; and 
  
 (ii)    Schedule 7.02.    Schedule 7.02 is hereby amended and restated as set forth
in Schedule 7.02 attached hereto. 
  
 (f)    Amendment to Exhibit
C.    Schedule 2 to Exhibit C is hereby amended and restated as set forth in Schedule 2 to Exhibit C attached hereto. 
  
 3.    Amendments to Guaranty Agreement.    The Guaranty Agreement is amended as follows: 
  
 (a)    Amendments to Article 1.    In Article 1, Section 1, amendments are
made to the definitions, as follows: 
  
 (i)    Interest
Charges.    The definition of “Interest Charges” is amended and restated to read as follows: 
  
 “Interest Charges” means, for any period, for the Guarantor and the Non-Broadcasting Subsidiaries on a consolidated basis, the sum of (a) all interest, premium payments, fees, charges
and related expenses of the Guarantor and the Non-Broadcasting Subsidiaries in connection with borrowed money (including, without limitation, capitalized interest) or in connection with the deferred purchase price of assets, in each case to the
extent treated as interest in accordance with GAAP, plus (b) the portion of rent expense of the Guarantor and the Non-Broadcasting Subsidiaries with respect to such period under capital leases that is treated as interest in accordance with
GAAP, less (c) to the extent
 

 
 3 

 
included in clause (a) and not paid or payable during such period, all interest, premium payments, fees, charges and related expenses of the Guarantor in connection with the Forward Sale
Documents. 
  
 (ii)    Restricted Payment.    The definition of
“Restricted Payment” is added to read as follows: 
  
 “Restricted
Payment” means (a) any dividend or other distribution (whether in cash, securities or other property) with respect to any capital stock of the Guarantor, or any payment (whether in cash, securities or other property), including any sinking
fund or similar deposit on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such capital stock or of any option, warrant or other right to acquire any such capital stock; and (b) any payment made in
respect of any Indebtedness of the Guarantor payable to any Affiliate of the Guarantor. 
  
 (b)    Amendment to Article 3.    Section 5(c) is added to Article 3 to read as follows: 
  
 (c)    Except as set forth in Part (a) of Schedule 2, the Guarantor is not obligated (direct, contingent or otherwise) in respect
of Indebtedness payable to any Affiliate of the Guarantor and except as set forth in Part (b) of Schedule 2, the Guarantor is not obligated (direct, contingent or otherwise) in respect of Indebtedness in excess of $100,000 payable to any
Person other than an Affiliate of the Guarantor. 
  
 (c)    Amendment to Article
4.    Section 4 of Article 4 is amended and restated to read as follows: 
  
 4.    Fisher Broadcasting Dividends.    Cause Fisher Broadcasting to declare and make cash dividend payments to the Guarantor of not less than $10,000,000 on or before May 15, 2004.

  
 (d)    Amendments to Article 5.    Article 5 is amended as
follows: 
  
 (i)    Amendment to Section 3.    Section 3(h) of
Article 5 is amended and restated to read as follows: 
  
 (h)    other
Investments not otherwise permitted by subsections (a) through (g) above in an amount not to exceed in the aggregate in any fiscal year of the Guarantor the amount of $1,000,000 less the amount by which the aggregate amount of capital expenditures
made by the Guarantor during such fiscal year exceeds $100,000. 

 
 4 

  
 (ii)    Amendment to Section
8.    Section 8 of Article 5 is amended and restated to read as follows: 
  
 8.    Transactions with Affiliates.    Enter into any transaction of any kind with any Affiliate of the Guarantor, other than arm’s-length transactions with Affiliates in the
ordinary course of business, except: 
  
 (a)    the Guarantor and its
Subsidiaries may lease office space in Fisher Plaza from the Borrower under terms that the Guarantor or such Subsidiary deems reasonable under the circumstances; 
  
 (b)    the Guarantor may provide reasonable services to Fisher Broadcasting, any Subsidiary of Fisher Broadcasting or Civia under terms
that the Guarantor deems reasonable under the circumstances; provided that the aggregate difference between (i) the actual compensation received by the Guarantor in such transactions and (ii) the compensation that it would receive in
comparable arm’s-length transactions with a Person not an Affiliate of the Guarantor shall not exceed $50,000 any fiscal year; and 
  
 (c)    the Guarantor may purchase reasonable services from Fisher Broadcasting, any Subsidiary of Fisher Broadcasting or Civia under terms that the Guarantor deems reasonable under
the circumstances; provided that the aggregate difference between (i) the actual compensation paid by the Guarantor in such transactions and (ii) the compensation that it would pay in comparable arm’s-length transactions with a Person
not an Affiliate of the Guarantor shall not exceed $50,000 any fiscal year. 
  
 For the avoidance of doubt, and
without limiting the generality of the foregoing, (a) the purchase by the Guarantor of advertising from Fisher Broadcasting or any of its Subsidiaries shall, for purposes of this Guaranty, shall be deemed outside the ordinary course of business and
(b) the allocation of insurance premiums by the Guarantor or any of its Subsidiaries among the Guarantor and any of its Subsidiaries and the providing by the Guarantor or any of its Subsidiaries of technical and engineering services to the Guarantor
and any of its Subsidiaries without mark-up or premium shall be deemed arm’s-length transactions in the ordinary course of business. 
  
 (iii)    Amendment to Section 9.    Section 9(a) of Article 5 is amended and restated to read as follows: 
  

(a)    capital expenditures made by the Guarantor in the ordinary course of business not exceeding, in the aggregate during each
fiscal year the amount of $100,000 plus the amount by which the aggregate amount of Investments made by the Guarantor during such fiscal year not otherwise permitted by subsections 3(a) through (g) of Article 3 is less than $1,000,000.

  
 (iv)    Amendment to Section 10.    Section 10(a) of
Article 5 is amended and restated to read as follows: 
  
 (a)    Interest Coverage Ratio.    Permit the Interest Coverage Ratio as of the end of any fiscal quarter of the Guarantor ending on or after September 30, 2002 to be less than 2.0 to 1.
As used herein, “Interest Coverage Ratio” shall mean, as of any date of determination, the ratio of (i) the sum of (A) EBITDA for the period of the four prior fiscal quarters ending on such date, (B) Fisher Broadcasting Dividends received
or deemed received by the Guarantor during
 

 
 5 

 
such period, (C) the sum of (1) Net Proceeds of Dispositions received by any of the Loan Parties during such period and (2) non-cash charges arising from the write-off of unamortized issuance
costs of Indebtedness of such Loan Party secured by a Lien on the asset which is the subject of such Disposition and repaid by the proceeds of such Disposition and (D) for each period of four fiscal quarters that includes the fiscal quarter ended
March 31, 2002, the sum of (1) losses associated with the termination of Swap Contracts by the Guarantor and (2) non-cash charges arising from the write-off of unamortized issuance costs of Indebtedness of the Guarantor arising under the Existing
Credit Facilities, in each case during such period to (ii) Interest Charges for such period; provided, however, that (A) for the period of four fiscal quarters ended on September 30, 2002, Interest Charges shall be mean Interest
Charges for the period of two consecutive fiscal quarters then ended multiplied by two and (B) for the period of four fiscal quarters ended on December 31, 2002, Interest Charges shall be mean Interest Charges for the period of three consecutive
fiscal quarters then ended multiplied by four and then divided by three. 
  
 (e)    Amendment
to Exhibit A.    Schedule 2 to Exhibit A is hereby amended and restated as set forth in Schedule 2 to Exhibit A attached hereto. 
  
 6.    Conditions to Effectiveness.    Notwithstanding anything contained herein to the contrary, this Amendment shall become
effective as of June 30, 2002; provided that each of the following conditions is fully and simultaneously satisfied not later than 5:00 p.m., Seattle time, on August 12, 2002: 
  
 (a)    Delivery of Amendment.    The Borrower, the Agent, each Lender and Fisher Communications shall have executed and
delivered counterparts of this Amendment to the Agent; 
  
 (b)    InterNAP
Note.    The Borrower shall have executed and delivered to the Agent the Pledge and Security Agreement in the form of Exhibit A hereto (the “Pledge Agreement”) and shall have endorsed and delivered to
the Agent the promissory note of InterNAP Network Services Corporation (“InterNAP”) in the manner described in the Pledge Agreement; 
  
 (c)    Reimbursement for Expenses.    The Borrower shall have reimbursed the Agent for all expenses actually incurred by Agent in connection with the
preparation of the Loan Agreement and the other Loan Documents and shall have paid all other amounts due and owing under the Loan Documents. 
  
 (d)    Corporate Authority.    Agent shall have received in form and substance reasonably satisfactory to it (i) a copy of a resolution adopted by the
Board of Directors of the Borrower authorizing the execution, delivery and performance of this Amendment and the Pledge Agreement (together, the “Amendment Documents”) certified by the Secretary of the Borrower; (ii) evidence of the
authority and specimen signatures of the persons who have signed the Amendment Documents on behalf of the Borrower; and (iii) such other evidence of corporate authority as the Agent or any Lender shall request; 

 
 6 

  
 (e)    Consent of
Guarantors.    Each of the Guarantors shall have executed the subjoined Consent of Guarantors; 
  
 (f)    Representations True; No Default.    The representations of the Borrower as set forth in Section 5 of the Loan Agreement (as amended hereby) shall be true on and as of the date of
this Amendment and the representations of Fisher Communications as set forth in Article 3 of the Guaranty Agreement(as amended hereby) shall, except as disclosed in that certain letter from Fisher Communications to the Lenders dated as of August 7,
2002, be true on and as of the date of this Amendment, in each case with the same force and effect as if made on and as of this date or, if any such representation or warranty is stated to have been made as of or with respect to a specific date, as
of or with respect to such specific date. After giving effect to this Amendment, no Event of Default and no event which, with notice or lapse of time or both, would constitute an Event of Default, shall have occurred and be continuing or will occur
as a result of the execution of the Amendment Documents; and 
  
 (g)    Other
Documents.    The Agent and the Lenders shall have received such other documents, instruments, and undertakings as the Agent and such Lender may reasonably request. 
  
 7.    Guarantor Authority.    The Guarantor agrees to deliver to the Agent within 14 days after the next regularly scheduled
meeting of the board of directors of the Guarantor (a) a copy of a resolution adopted by the Board of Directors of the Guarantor authorizing the execution, delivery and performance of this Amendment certified by the Secretary of the Guarantor; and
(b) evidence of the authority and specimen signatures of the persons who have signed this Amendment on behalf of the Guarantor. 
  
 8.    Representations and Warranties.    The Borrower hereby represents and warrants to the Lenders and the Agent that, except as disclosed in that certain letter from Fisher
Communications to the Lenders dated as of August 7, 2002, each of the representations and warranties set forth in Section 5 of the Loan Agreement (as amended hereby) is true and correct and Fisher Communications hereby represents and warrants to the
Lenders and the Agent that each of the representations and warranties set forth in Article 3 of the Guaranty Agreement (as amended hereby) is true and correct, in each case as if made on and as of the date of this Amendment or, if any such
representation or warranty is stated to have been made as of or with respect to a specific date, as of or with respect to such specific date. The Borrower expressly agrees that it shall be an additional Event of Default under the Loan Agreement if
any representation or warranty made by the Borrower or Fisher Communications hereunder shall prove to have been incorrect in any material respect when made. 
  
 9.    No Further Amendment.    Except as expressly modified by this Amendment, the Loan Agreement, the Guaranty Agreement and the other Loan Documents
shall remain unmodified and in full force and effect and the parties hereby ratify their respective obligations thereunder. Without limiting the foregoing, Borrower expressly reaffirms and ratifies its obligation to pay or reimburse Agent and
Lenders on request for all reasonable expenses, including legal fees, actually incurred by Agent or such Lender in connection with the preparation of this Amendment, and the closing of the transactions contemplated hereby and thereby. 

 
 7 

  
 10.    Reservation of
Rights.    The Borrower and Fisher Communications acknowledge and agree that the execution and delivery by the Agent and the Lenders of this Amendment shall not be deemed to create a course of dealing or otherwise obligate
the Agent or any Lender to forbear or execute similar amendments under the same or similar circumstances in the future. 
  
 11.    Notices.    All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Section 10.02 of the Loan
Agreement. 
  
 12.    Successor and Assigns.    The provisions of this
Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior
written consent of the Agent (and any attempted assignment or transfer by the Borrower or Fisher Communications without such consent shall be null and void). 
  
 13.    Governing Law.    THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF WASHINGTON; PROVIDED THAT THE
AGENT AND THE LENDERS SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW. 
  
 14.    Amendments, Etc.    No amendment or waiver of any provision of this Amendment, and no consent to any departure by the Borrower or Fisher Communications therefrom, shall be
effective unless in writing signed by the Agent and the Borrower or Fisher Communications, as applicable, subject to any consent required in accordance with Section 10.01 of the Loan Agreement, and each such waiver or consent shall be
effective only in the specific instance and for the specific purpose for which given. 
  
 15.    Counterparts.    This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same
instrument. 
  
 16.    Integration.    This Amendment, together with
the other Loan Documents, comprises the complete, final and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. 
  
 17.    Severability.    Any provision of this Amendment that is prohibited or unenforceable
in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions thereof, and any such prohibition or unenforceability in any jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction. 
  
 18.    Incorporation of Provisions of the Loan Agreement.    To the extent the Loan Agreement contains provisions of general applicability to the Loan Documents, including any such
provisions contained in Article 10 thereof, such provisions are incorporated herein by this reference. 

 
 8 

  
 19.    No Inconsistent
Requirements.    The Borrower acknowledges that this Amendment and the other Loan Documents may contain covenants and other terms and provisions variously stated regarding the same or similar matters, and agrees that all such
covenants, terms and provisions are cumulative and all shall be performed and satisfied in accordance with their respective terms. 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written. 
  
 
	 FISHER MEDIA SERVICES COMPANY
 
	 
	 By:
 	 	 /s/    KIRK G. ANDERSON        
 

	 
	 Name:
 	 	 Kirk G. Anderson        
 

	 
	 Title:
 	 	 President        
 

 
  
  
 
	 FISHER COMMUNICATIONS, INC.
 
	 
	 By:
 	 	 /s/    DAVID D. HILLARD        
 

	 
	 Name:
 	 	 David D. Hillard        
 

	 
	 Title:
 	 	 Assistant Secretary        
 

 
  
  
 
	 BANK OF AMERICA, N.A., as Agent
 
	 
	 By:
 	 	 /s/    DORA A. BROWN        
 

	 
	 Name:
 	 	 Dora A. Brown        
 

	 
	 Title:
 	 	 Vice President        
 

 
  
  
 
	 BANK OF AMERICA, N.A., as Lender
 
	 
	 By:
 	 	 /s/    MARK N. CRAWFORD        
 

	 
	 Name:
 	 	 Mark N. Crawford        
 

	 
	 Title:
 	 	 Senior Vice President        
 

 

 
 9 

  
  
 
	 U.S. BANK NATIONAL ASSOCIATION, as a Lender
 
	 
	 By:
 	 	 /s/    THOMAS G. GUNDER        
 

	 
	 Name:
 	 	 Thomas G. Gunder        
 

	 
	 Title:
 	 	 V.P.        
 

 

 
 10 

 CONSENT OF GUARANTORS 
  
 FISHER COMMUNICATIONS, INC., a Washington corporation, FISHER PROPERTIES INC., a Washington corporation, FISHER PATHWAYS, INC., a Washington corporation, and FISHER ENTERTAINMENT, L.L.C., a Delaware
limited liability company (each individually a “Guarantor” and collectively, the “Guarantors”) are each a guarantor of the indebtedness, liabilities and obligations of FISHER MEDIA SERVICES COMPANY, a Washington
corporation (the “Borrower”) under the Loan Agreement referred to in the within and foregoing First Amendment to Loan Agreement and Guaranty Agreement (the “Amendment”) and the other Loan Documents described in the
that certain Loan Agreement dated as of March 21, 2002 among the Borrower, the Lenders and the Agent. Each Guarantor hereby acknowledges that it has received a copy of the Amendment and hereby consents to its contents (notwithstanding that such
consent is not required). Each Guarantor hereby confirms that its guarantee of the obligations of the Borrower remains in full force and effect. 
  
 Dated this 8th day of August, 2002. 
  
 
	 FISHER COMMUNICATIONS, INC.
 
	 
	 By:
 	 	 /s/    DAVID D. HILLARD        
 

	 
	 Name:
 	 	 David D. Hillard        
 

	 
	 Title:
 	 	 Assistant Secretary        
 

 
  
  
 
	 FISHER PROPERTIES INC.
 
	 
	 By:
 	 	 /s/    DAVID D. HILLARD        
 

	 
	 Name:
 	 	 David D. Hillard        
 

	 
	 Title:
 	 	 Assistant Secretary        
 

 
  
  
 
	 FISHER PATHWAYS, INC.
 
	 
	 By:
 	 	 /s/    DAVID D. HILLARD        
 

	 
	 Name:
 	 	 David D. Hillard        
 

	 
	 Title:
 	 	 Assistant Secretary        
 

 

  
 
	 FISHER ENTERTAINMENT, L.L.C.
 
	 
	 By:
 	 	 /s/    DAVID D. HILLARD        
 

	 
	 Name:
 	 	 David D. Hillard        
 

	 
	 Title:
 	 	 Assistant Secretary        
 

 

 SCHEDULE 2 
 (to Exhibit
C to Credit Agreement) 
  
 For the Quarter/Year ended
                                        
         (“Statement Date”) 
  
 ($ in 000’s) 

 
 
	 
	 I.
 	  	 Section 7.02(e) — Investments.
 	  	  	  
	 
	  	  	 A.
 	  	 Investments made during fiscal year to date:
 	  	 $
 	  
 
	 
	  	  	 B.
 	  	 Maximum permitted Investments:
 	  	 $
 	  
 
	 
	  	  	 C.
 	  	 Excess (deficient) for covenant compliance (Line IB – I.A):
 	  	 $
 	  
 
	 
	 II.
 	  	 Section 7.02(g) — Investments in Civia.
 	  	  	  
	 
	  	  	 A.
 	  	 Investments made subsequent to July 1, 2002:
 	  	 $
 	  
 
	 
	  	  	 B.
 	  	 Maximum permitted Investments:
 	  	 $
 	 1,700,000
 
	 
	  	  	 C.
 	  	 Excess (deficient) for covenant compliance (Line IIB – II.A):
 	  	 $
 	  
 
	 
	 III.
 	  	 Section 7.11(a) — Capital Expenditures (Fisher Plaza).
 	  	  	  
	 
	  	  	 A.
 	  	 Capital expenditures related to the completion of, or tenant improvements in or maintenance of Fisher Plaza since March 21, 2002:
 	  	 $
 	  
 
	 
	  	  	 B.
 	  	 Maximum permitted capital expenditures:
 	  	 $
 	 45,000,000
 
	 
	  	  	 C.
 	  	 Excess (deficient) for covenant compliance (Line III.B – III.A):
 	  	 $
 	  
 
	 
	 IV.
 	  	 Section 7.11(b) — Capital Expenditures (Ingeniux).
 	  	  	  
	 
	  	  	 A.
 	  	 Capital expenditures for the joint development and marketing of a media management system based on Ingeniux XPower software during the period commencing July
1, 2002 and ending December 31, 2002:
 	  	 $
 	  
 
	 
	  	  	 B.
 	  	 Maximum permitted capital expenditures:
 	  	 $
 	 1,100,000
 
	 
	  	  	 C.
 	  	 Excess (deficient) for covenant compliance (Line IV.B – IV.A):
 	  	 $
 	  
 
	 
	 V.
 	  	 Section 7.11(b) — Capital Expenditures (Subsidiaries).
 	  	  	  
	 
	  	  	 A.
 	  	 Capital expenditures made during fiscal year to date:
 	  	 $
 	  
 
	 
	  	  	 B.
 	  	 Maximum permitted capital expenditures:
 	  	 $
 	  
 
	 
	  	  	 C.
 	  	 Excess (deficient) for covenant compliance (Line V.B – V.A):
 	  	 $
 	  
 

 

 SCHEDULE 2 
 (to Exhibit
A to Guaranty Agreement) 
  
 For the Quarter/Year ended
                                        
             (“Statement Date”) 
  
 ($ in
000’s) 
  
 [Use following for Guarantor Partial Consolidated year-end financial statements]

  
 
	 
	 I.
 	  	 Section 9(a) — Capital Expenditures (Guarantor).
 	  	  	  
	 
	  	  	 A.
 	  	 Capital expenditures made during fiscal year to date:
 	  	 $
 	  
 
	 
	  	  	 B.
 	  	 Maximum Permitted
 	  	  	  
	 
	  	  	  	  	 1.
 	  	 The amount of $100,000:
 	  	 $
 	 100,000
 
	 
	  	  	  	  	 2.
 	  	 The amount by which the aggregate amount of Investments made by the Guarantor during such fiscal year not otherwise permitted by subsections 3(a) through (g) of
Article 3 is less than $1,000,000:
 	  	 $
 	  
 
	 
	  	  	  	  	 3.
 	  	 Maximum (Lines B.1 + B.2):
 	  	 $
 	  
 
	 
	  	  	 C.
 	  	 Excess (deficient) for covenant compliance (Line I.B – I.A):
 	  	 $
 	  
 
	 
	 II.
 	  	 Section 9(b) — Capital Expenditures (Fisher Properties).
 	  	  	  
	 
	  	  	 A.
 	  	 Capital expenditures made during fiscal year to date:
 	  	 $
 	  
 
	 
	  	  	 B.
 	  	 Maximum permitted capital expenditures:
 	  	 $
 	  
 
	 
	  	  	 C.
 	  	 Excess (deficient) for covenant compliance (Line II.B – II.A):
 	  	 $
 	  
 
	 
	 III.
 	  	 Section 10(a) — Interest Coverage Ratio.
 	  	  	  
	 
	  	  	 A.
 	  	 EBITDA for the four consecutive fiscal quarters ending on above date (“Subject Period”):
 	  	  	  
	 
	  	  	  	  	 1.
 	  	 Consolidated net income for Subject Period:
 	  	 $
 	  
 
	 
	  	  	  	  	 2.
 	  	 Interest Charges for Subject Period:
 	  	 $
 	  
 
	 
	  	  	  	  	 3.
 	  	 Provision for income taxes for Subject Period:
 	  	 $
 	  
 
	 
	  	  	  	  	 4.
 	  	 Depreciation expenses for Subject Period:
 	  	 $
 	  
 
	 
	  	  	  	  	 5.
 	  	 Amortization expenses for intangibles for Subject Period:
 	  	 $
 	  
 
	 
	  	  	  	  	 6.
 	  	 EBITDA (Lines IIIA.1 + 2 + 3 + 4 + 5):
 	  	 $
 	  
 
	 
	  	  	 B.
 	  	 Fisher Broadcasting Dividends for Subject Period:
 	  	 $
 	  
 

 
  

 
 14 

  
 
	  	  	  	  	  	  	  	  
	 
	  	  	 C.
 	  	 Net Proceeds from Dispositions for Subject Period:
 	  	 $
 	  
 
	 
	  	  	  	  	 1.
 	  	 Net Proceeds from Dispositions:
 	  	 $
 	  
 
	 
	  	  	  	  	 2.
 	  	 Non-cash charges arising from the write-off of unamortized issuance costs of Indebtedness repaid by the proceeds of such Disposition:
 	  	 $
 	  
 
	 
	  	  	  	  	 3.
 	  	 Net Proceeds (Lines IIIC.1 + 2):
 	  	 $
 	  
 
	 
	  	  	 D.
 	  	 Non-cash Adjustments (quarter ended March 31, 2002 only):
 	  	 $
 	  
 
	 
	  	  	  	  	 1.
 	  	 Losses associated with the termination of Swap Contracts:
 	  	 $
 	  
 
	 
	  	  	  	  	 2.
 	  	 Non-cash charges arising from the write-off of unamortized issuance costs of certain Indebtedness:
 	  	 $
 	  
 
	 
	  	  	  	  	 3.
 	  	 Non-cash Adjustments (Lines IIID.1 + 2):
 	  	 $
 	  
 
	 
	  	  	 E.
 	  	 Interest Charges for Subject Period:
 	  	 $
 	  
 
	  	  	  	  	 (for the period of four fiscal quarters ended on September 30, 2002, Interest Charges shall be mean Interest Charges for the period of two
consecutive fiscal quarters then ended multiplied by 2 and for the period of four fiscal quarters ended on December 31, 2002, Interest Charges shall be mean Interest Charges for the period of three consecutive fiscal quarters then ended multiplied
by 4 and then divided by 3)
 	  	 $
 	  
 
	 
	  	  	 F.
 	  	 Interest Coverage Ratio ((Lines IIIA.6 +B + C + D) ÷ (Line E)):
 	  	  
 	 _______ to 1
 
	 
	  	  	 Minimum required:    2.0 to 1  
 	  	  	  
	 
	 [Use following for Guarantor Full Consolidated financial statements]
 
	 
	 IV.
 	  	 Section 10(b) — Debt to Capitalization Ratio.
 	  	  	  
	 
	  	  	 A.
 	  	 Total Debt at Statement Date:
 	  	 $
 	  
 
	 
	  	  	 B.
 	  	 Total Capitalization at Statement Date:
 	  	 $
 	  
 
	 
	  	  	 C.
 	  	 Debt to Capitalization Ratio (Line IVA ÷ Line B):
 	  	 $
 	  
 
	 
	  	  	 Maximum permitted:    70%Sublease Agreement Dated 6/6/02

 Exhibit 10.1 
  
 SUBLEASE AGREEMENT 
  
 This Sublease Agreement (“Sublease”), dated June 6, 2002,
is made between AVENUE A, INC. (“Sublessor”) and OPEN INTERFACE NORTH AMERICA, INC., a Washington corporation (“Sublessee”). 
  
 R E C I T A L S 
  
 A.    Sublessor and Samis Foundation, a Washington
501(c)(3) non-profit corporation (“Landlord”) entered into a written lease dated July 16, 1999, regarding the 4th, 7th, 8th and 9th floors of the building known as the SMITH TOWER (the “Building”), located on the land more particularly described in Section 2 of the Master Lease (as defined below). Said lease, as amended by First Amendment to
Lease dated October 28, 1999 and Second Amendment to Lease dated January 31, 2000, is referred to herein as the “Master Lease”, and the premises covered by the Master Lease is herein collectively called “Master Premises”. A copy
of the Master Lease is attached hereto as Exhibit A. 
  
 A G R E E M E N T 
  
 NOW, THEREFORE, the parties hereto agree as follow: 
  
 1.    Sublease Premises 
  
 a.    Initial Subleased Premises 
  
 Sublessor hereby subleases to Sublessee on
the terms and conditions set forth in this Sublease a portion of the Master Premises containing an agreed area of 5,934 rentable square feet (“rsf”), currently known as Suite(s) 400, as delineated on the floor plan attached hereto as
Exhibit C (“Premises”). Sublessee shall have shared access to the common kitchen and supervised access, between the hours of 8am and 5pm unless a major incident or outage occurs, to the 4th floor phone closet throughout the Term. Said kitchen and phone closet are depicted on the floor plan attached as Exhibit C. 

 
 b.    Right of First Opportunity 
  
 The contiguous 1,847 rsf and 935 rsf on floor 4 of the Building, shown on the floor plan attached hereto as Exhibit C (“Expansion Space”), shall be referred to as
“RFO Space”. Sublessee shall have an ongoing Right of First Opportunity to sublease either of the RFO Space that is 1,847 rsf and, subject to any conflicting rights granted to other tenants prior to the date the last party executes
this Sublease, the RFO Space that is 935 rsf. Prior to accepting an offer to sublease either RFO Space to a third party, Sublessor shall notify Sublessee in writing of third party’s interest. Sublessee shall have five (5) business days from
receipt of Sublessor’s notice to notify Sublessor of its intent. All terms and conditions of the Expansion space shall be consistent with the Sublease. Base Rent for expansion space shall be based on the Base Rent in this sublease on a per
square
 

 
foot basis. If Subtenant shall fail to exercise such expansion right, after notice by Sublessor of the availability of the subject RFO Space, as provided herein, such right shall be deemed to
have lapsed and expired, and shall be of nor further force or effect with respect to the particular RFO Space. Upon exercise of said right of first refusal, the term “Premises” as used herein shall include the subject RFO Space.

  
 2.    Term and Possession 
  
 a.    Term 
  
 Provided Master Lessor has
consented to this Sublease (“Consent”), the initial term of this Sublease (“Initial Term”) shall commence on July 15, 2002 (“Commencement Date”), and shall end on July 31, 2005 (“Expiration Date”). The Initial
Term and Additional Term (as defined below), or the date of any sooner termination of this Sublease, may be referred to herein as the “Term.” Fifteen days prior to the Commencement Date, Sublessee, its agents and contractors shall be
allowed access to the Premises (for example, to install its telephone system, and move in its personal property) with no obligation to pay rent. If Sublessee occupies the space and conducts business prior to July 15, 2002, such date shall be
considered the Commencement Date. 
  
 b.    Condition of Premises 
  
 Prior to the Commencement Date, Sublessor shall paint the Premises, clean the carpets, convert the shipping/ receiving room to a basic
reception/ conference room, and re-key the conference room accessed by the common corridor. Additionally, Sublessor agrees to keep the cabling located in the Premises or otherwise serving the Premises in working condition. Otherwise, Sublessee shall
accept the Premises in an “as-is, where-is” condition. Sublessor shall deliver possession of the Premises as aforesaid in broom clean condition (“Possession”). Sublessee acknowledges and agrees that all tenant improvements and
all furniture, fixtures, and equipment in the Premises as of the Commencement Date, including (without limitation) those items set forth on Exhibit D hereto, are and shall remain the sole property of Sublessor subject Sublessee’s rights to use
the same as provided herein. If Sublessor is not able to deliver Possession to Sublessee on the Commencement Date notwithstanding Sublessor’s reasonable, good faith efforts, Base Rent, as defined in Section 3(a), shall abate until delivery of
Possession. If Possession is not delivered within thirty (30) days of the Commencement Date, then Sublessee has the option to cancel this Sublease by delivering written notice of termination to Sublessor. Any delay in the Commencement Date shall not
extend Initial Term. 
  
 c.    License to Use Personal Property 
  
 Sublessor hereby grants Sublessee a license to use the furniture listed in Exhibit D within the Premises (the “Licensed
Property”), at no additional cost. Such license terminates upon the Expiration Date or, if exercised, the expiration of the Extension Option, and is “as-is” “where-is” and without any warranties, express or implied,
concerning the condition of the Licensed Property, and Sublessee assumes all risks relating thereto. 

  
 d.    Extension Option 
  
 So long as Sublessee is not then in default under this Sublease at the time of exercise, Sublessee shall have the option to extend the
Initial Term of this Sublease for one (1) additional sixteen (16) month period (“Additional Term”). To exercise its option to extend this Sublease for the Additional Term, Sublessee must deliver to Sublessor a written notice (an
“Option Notice”) exercising its extension option not later than January 31, 2005. All of the terms and conditions of this Sublease shall apply during the Additional Term except (i) the annual Base Rent shall be $19.00 per rsf of the
Premises; (ii) there shall be no further extension options after the commencement of the Additional Term; and (iii) there shall be no Tenant Improvements or other Sublessor concessions during the Additional Term. 
  
 3.    Base Rent, Operating Expenses and Late Charge 
  
 a.    Base Rent 
  
 Sublessee shall pay to
Sublessor, on or before the first day of each calendar month, Base Rent in the amount of (i) $7,500.00 per month for the twelve month period following the Commencement Date, and (ii) $8,901.00 for each month thereafter until the end of the Initial
Term. The monthly installments of Base Rent shall be prorated at the rate of 1/30 of the monthly Base Rent per day for any partial month during the Term. Payment shall be made to the following address: Avenue A, Inc., 506 Second Avenue, Suite 900,
Seattle, WA 98104, Attention: Accounting Department. 
  
 b.    Operating Expenses

  
 If the Master Lease requires Sublessor to pay to Lessor all or a portion of the expenses of operating the
Building (“Operating Costs”) including but not limited to taxes, utilities, or insurance, then Sublessee shall pay to Sublessor as additional rent 100 percent, of Sublessee’s percentage share (Sublessee’s rsf at the time of
adjustment divided by Sublessor’s total rsf at the time of adjustment), of the amounts payable by Sublessor for Operating Costs, to the extent that such Operating Costs for the subject year exceed the Operating Costs for the base year of 2002.
If the Master Lease provides for the payment by Sublessor of Operating Costs on the basis of an estimate thereof, then as and when adjustments between estimated and actual Operating Costs are made under the Master Lease, the obligations of Sublessor
and Sublessee hereunder shall be adjusted in a like manner; and if any such adjustment shall occur after the expiration or earlier termination of the Term, then the obligations of Sublessor and Sublessee under this Paragraph shall survive such
expiration or termination. Sublessor shall, upon request by Sublessee, furnish Sublessee with copies of all statements submitted by Lessor of actual or estimated Operating Costs during the Term. 
  

c.    Late Charge 
  
 Sublessee acknowledges that paying Base Rent late will cause Sublessor to incur administrative, collection, processing and accounting costs and expenses not contemplated under this Sublease, the exact amounts of which are extremely
difficult or impracticable to fix.
 

 
Sublessee therefore agrees that if rent or any other sum is due and payable pursuant to this Sublease, such amounts shall be payable upon the same terms and conditions as the Master Lease and the
same late charges shall apply. Sublessor and Sublessee agree that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to Sublessor for its loss caused by Sublessee’s nonpayment. Should Sublessee
pay the monthly rent late, but fail to pay said late charge, or pay said late charge, but fail to pay contemporaneously therewith all unpaid amounts of Rent, Sublessor’s acceptance of the late rent or said late charge shall not constitute a
waiver of Sublessee’s default with respect to Sublessee’s nonpayment, nor prevent Sublessor from exercising all other rights and remedies available to Sublessor under this Lease or under law. 
  
 d.    Security Deposit 
  
 Within ten (10) business days after the execution of this Sublease, Sublessee shall pay to Sublessor the first month’s rent due and provide Sublessor the additional sum of Eight Thousand Nine
Hundred One and 00/100 Dollars ($8,901.00) (“Security Deposit”). If Sublessee fails to pay rent or other charges when due under this Sublease, or fails to perform any of its obligations hereunder, Sublessor may use or apply all or any
portion of the Security Deposit for the payment of any sum for which the Sublessor may become obligated by reason of Sublessee’s default or breach, or for any loss or damage sustained by Sublessor as a result of Sublessee’s default or
breach. If Sublessor so uses any portion of the Security Deposit, Sublessee shall, within ten (10) days after written demand by Sublessor, restore the Security Deposit to the full amount originally deposited less any amounts applied to the first
months’ rent, and Sublessee’s failure to do so shall constitute a default under this Sublease. Within thirty (30) days after the termination of this Sublease, or Sublessee has vacated the Premises, whichever shall last occur, and provided
Sublessee is not then in default of any of its obligations hereunder, the Security Deposit, or so much thereof as had not therefore been applied by Sublessor, shall be returned to Sublessee or to the last assignee, if any, of Sublessee’s
interest. 
  
 4.    Use of Premises 
  
 The Premises shall be used and occupied only for purposes allowed under the Master Lease. 
  
 5.    Parking 
  
 Sublessee shall be entitled to
the use of nine (9) of Sublessor’s parking spaces, which are guaranteed in the Master Lease, upon the same terms and conditions as the Master Lease. 
  
 6.    Assignment and Sublease 
  
 Neither this Sublease nor any right
hereunder nor the Premises may be assigned, transferred, encumbered or sublet in whole or in part by Sublessee without Sublessor’s and Landlord’s prior written consent, which consent may not be unreasonably withheld or delayed.

  
 7.    Incorporation by Reference 
  
 a.    Subject to Lease 
  
 This Sublease is subject to all of the terms and conditions of the Master Lease by and between Sublessor and Master Lessor. 
  
 b.    Interpretation 
  
 All terms and conditions of the Master Lease, are incorporated into and made a part of this Sublease, except for Paragraphs 1(c), (e) – (k), (m) and (n), 3, 4, 6, 9(e), 17, 27, 29, and 31 of the Master Lease and such other
provisions of the Master Lease which are directly contradicted or expressly modified by this Sublease, in which event the terms of this Sublease shall control over the Master Lease. The Sublessee assumes and agrees to perform the Sublessor’s
obligations under the Master Lease during the Term to the extent that such obligations are applicable to the Premises, provided, however, Sublessor shall be responsible for paying Rent, as provided in the Master Lease, to the Master Lessor.
Therefore, for the purposes of this Sublease, wherever in the Master Lease the word “Lessor/Landlord” is used it shall be deemed to mean Sublessor herein and wherever in the Master Lease the word “Lessee/Tenant” is used it shall
be deemed to mean Sublessee herein. 
  
 8.    Sublessor’s Representations and Warranties 
  
 Sublessor represents and warrants to Sublessee the following: 
  
 a.    The Master Lease is in full force and effect and has not been modified, supplemented or amended except as described in Exhibit B. 

 
 b.    Sublessor has the right to full and complete possession of the Premises. 
  
 c.    Sublessor, at the time of signing this Sublease, at the Commencement Date, and at the time of delivering
Possession, has fulfilled all its duties under the Master Lease and is not in default under the Master Lease. 
  
 d.    To the best of Sublessor’s knowledge, Master Lessor has fulfilled all its duties under the Master Lease and is not in default under the Master Lease. 
  
 e.    Sublessor has not assigned, transferred or delegated any of its rights or duties under the Master Lease or
pledged or encumbered any of its interest in, or rights under the Master Lease. 
  
 f.    This
Sublease shall be of no force or effect unless consented to by Master Lessor by execution of the Consent attached hereto as Exhibit B. 
  
 g.    Sublessor has all right, power and authority necessary to enter into and deliver this Sublease and to perform its obligations hereunder. Sublessor’s entering into this Sublease does not breach
or contradict any other agreement or contract that Sublessor is a party to. 

 h.    Sublessor has or will comply with all requirements, perform all duties, and take all actions
necessary under Section 17 of the Master Lease to properly sublet the Premises. 
  
 9.    Covenants Regarding Master
Lease 
  
 a.    Sublessor shall use best efforts not to commit or suffer any act or omission that
will result in a violation of or default under any of the provisions of the Master Lease. 
  
 b.    Sublessor shall exercise commercially reasonable efforts in attempting to cause Master Lessor to perform its obligations and give any required consents under the Master Lease for the benefit of Sublessee,
including, without limitation, consent to this Sublease. 
  
 c.    With respect to the Premises,
unless the context requires otherwise, Sublessor shall perform all duties of Master Lessor and Sublessee shall perform all duties of Tenant under the Master Lease. 
  
 d.    Sublessor agrees to deliver to Sublessee a copy of any notice received from Master Lessor relating to the Premises within five (5) business days
of its receipt thereof. 
  
 e.    Sublessor shall not voluntarily terminate the Master Lease
without Sublessee’s prior written consent, which shall not be unreasonably withheld and will be delivered to Sublessor within thirty (30) of Sublessor’s notice to terminate. 
  
 10.    Other Provisions of Sublease 
  
 Sublessee
shall not commit or suffer any act or omission that will violate any of the provisions of the Master Lease. If the Master Lease terminates, this Sublease shall terminate and the parties shall be relieved of any further liability or obligation under
this Sublease, provided however, that if the Master Lease terminates as a result of a default or breach by Sublessor or Sublessee under this Sublease, then the defaulting party shall be liable to the non-defaulting party for the damage suffered as a
result of such termination. Notwithstanding the foregoing, if the Master Lease gives Sublessor any right to terminate the Master Lease in the event of the partial or total damage, destruction, or condemnation of the Premises or the Building of which
the Premises are a part, the exercise of such right by Sublessor shall not constitute a default or a breach hereunder. 
  
 11.    Indemnification 
  
 a.    Sublessee’s
Indemnification 
  
 Sublessee shall indemnify, defend and hold harmless Sublessor from and against all losses, costs,
damages, expenses and liabilities, including, without limitation, reasonable attorneys’ fees and disbursements, which Sublessor may incur or pay out (including, without limitation, Sublessor’s payment to Master Lessor) by reason of (a) any
accidents, damages or injuries to persons or property occurring in, on or about the Premises (unless the same shall have been caused by the respective negligence of Sublessor or Master Lessor), (b) any breach or default hereunder on Sublessee’s
part, (c) the successful enforcement of Sublessor’s rights under
 

 
this Section or any other Section of this Sublease, (d) any work done after the date hereof in or to the Premises except if done by Sublessor or Master Lessor, or (e) any act, omission or
negligence on the part of Sublessee or its officers, partners, employees, agents, customers and/or invitees, or any person claiming through or under Sublessee. Nothing herein shall be construed as requiring Sublessee to indemnify, defend or hold
harmless Sublessor against or for any claim, loss, damage or expense to the extent it is caused by the respective negligence, will misconduct or breach of the Sublease or Master Lease by Sublessor or Master Lessor, and not by Sublessee.

  
 b.    Sublessor’s Indemnification 
  

Sublessor shall indemnify, defend and hold harmless Sublessee from and against all losses, costs, damages, expenses and liabilities, including, without limitation,
reasonable attorneys’ fees and disbursements, which Sublessee may incur or pay out (including, without limitation, to Master Lessor) by reason of (a) any breach or default hereunder on Sublessor’s part, (b) the successful enforcement of
Sublessee’s rights under this Section or any other Section of this Sublease, (c) any act, omission or negligence on the part of Sublessor and/or its officers, partners, employees, agents, customers and/or invitees, or any person claiming
through or under Sublessor. 
  
 12.    Commission 
  
 Upon execution of this Sublease, and consent thereto by Lessor Sublessor shall pay Broker (as defined below) a real estate brokerage commission in accordance with
Sublessor’s contract with Broker for the subleasing of the Premises. Broker is hereby made a third party beneficiary of this Sublease for the purpose of enforcing its right to said commission. If Sublessee exercises the Expansion Option or
Renewal Option, Sublessor shall pay Broker an additional real estate commission in accordance with Sublessor’s contract with Broker for the subleasing of the Premises. Broker is made a third party beneficiary of this Sublease for the purpose of
enforcing its right to said commission. Sublessee shall have no liability for any commissions for this Sublease. 
  
 13.    Agency Disclosure 
  
 At the signing of this Sublease, Clay Nielsen of
Washington Partners, Inc., represented the Sublessor and Patrick Pendergast represented the Sublessee (collectively “Broker”). Sublessor and Sublessee confirm receipt of the pamphlet entitled “The Law of Real Estate Agency.”

  
 14.    Notices 
  
 All notices and demands that may or are to be required or permitted to be given by either party on the other hereunder shall be in writing. All notices and demands by Sublessor to Sublessee, or by
Sublessee to Sublessor, shall be personally delivered or sent by a nationally recognized private carrier of overnight mail (e.g. FedEx) or by United States Certified Mail, return receipt requested and postage prepaid, to the parties at the addresses
listed below or at such other addresses as the parties may designate by notice from time to time. All notices will be deemed given when received or refused. 

  
 
	 To Sublessor:
 	  	 Avenue A, Inc.
 The Smith Tower
 506 Second Avenue, 9th Floor
 Seattle, Washington 98104
 Attention:  Chief Financial Officer
 
	 
	 To Sublessee:
 	  	 Open Interface North America, Inc.
 The Smith Tower
 506 Second Avenue, Suite 400
 Seattle, Washington 98104
 Attention:  CEO                                 
       
 

 
  
 15.    Quiet Enjoyment 
  
 Provided that Sublessee is not in default of any term or provision of this Sublease, Sublessee shall have peaceful and quiet enjoyment of
the Premises without interference from Sublessor or any person or entity claiming by, through or under Sublessor, including, but not limited to, Landlord. 
  
 16.    Attorney’s Fees 
  
 If Sublessor or Sublessee shall commence
an action against the other arising out of or in connection with this Sublease, the prevailing party shall be entitled to recover its costs of suit and reasonable attorney’s fees. 
  
 17.    Entire Agreement 
  
 This Sublease, the
Exhibits attached hereto and those provisions of the Master Lease, which are incorporated herein by reference, constitute the entire agreement between Sublessor and Sublessee with respect to the Premises and may not be amended or altered except by
written agreement executed by both parties. 
  
 18.    Binding on Successors 
  
 This Sublease shall bind the parties’ heirs, successors, representatives and permitted assigns. 
  
 IN WITNESS WHEREOF, the parties hereto hereby execute this Sublease as of the day and year first above written. 
  
 
	 SUBLESSOR:  AVENUE A, INC.
 	 	  	 	 SUBLESSEE:  OPEN INTERFACE NORTH AMERICA, INC.
 
	 
	 By:
 	 	 /s/    MICHAEL
VERNON        
 
	 	  	 	 By:
 	 	 /s/    AKEMI SAGAWA        

	  	 	 Title  CFO  
 	 	  	 	  	 	 Title  CEO

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