Document:

Office Lease Agreement Between EOP-Northwest Properties, L.L.C. and Zillow, Inc.

 Exhibit 10.7 
 WELLS FARGO CENTER 
 SEATTLE, WASHINGTON 

OFFICE LEASE AGREEMENT 
 BETWEEN 
 EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company

 (“LANDLORD”) 
 AND 
 ZILLOW, INC., a Washington corporation 

(“TENANT”) 

 TABLE OF CONTENTS 

 

							
	 1.
	  	Basic Lease Information	  	 	1	  
			
	 2.
	  	Lease Grant	  	 	2	  
			
	 3.
	  	Adjustment of Commencement Date; Possession	  	 	2	  
			
	 4.
	  	Rent	  	 	3	  
			
	 5.
	  	Compliance with Laws; Use	  	 	3	  
			
	 6.
	  	Security Deposit	  	 	4	  
			
	 7.
	  	Building Services	  	 	4	  
			
	 8.
	  	Leasehold Improvements	  	 	5	  
			
	 9.
	  	Repairs and Alterations	  	 	5	  
			
	 10.
	  	Entry by Landlord	  	 	6	  
			
	 11.
	  	Assignment and Subletting	  	 	6	  
			
	 12.
	  	Liens	  	 	7	  
			
	 13.
	  	Indemnity and Waiver of Claims	  	 	7	  
			
	 14.
	  	Insurance	  	 	8	  
			
	 15.
	  	Subrogation	  	 	8	  
			
	 16.
	  	Casualty Damage	  	 	8	  
			
	 17.
	  	Condemnation	  	 	9	  
			
	 18.
	  	Events of Default	  	 	9	  
			
	 19.
	  	Remedies	  	 	10	  
			
	 20.
	  	Limitation of Liability	  	 	10	  
			
	 21.
	  	Relocation	  	 	11	  
			
	 22.
	  	Holding Over	  	 	11	  
			
	 23.
	  	Subordination to Mortgages; Estoppel Certificate	  	 	11	  
			
	 24.
	  	Notice	  	 	11	  
			
	 25.
	  	Surrender of Premises	  	 	12	  
			
	 26.
	  	Miscellaneous	  	 	12	  

 OFFICE LEASE AGREEMENT 

THIS OFFICE LEASE AGREEMENT (the “Lease”) is made and entered into as of March 1, 2005, by and between,
EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company (“Landlord”) and ZILLOW, INC., a Washington corporation (“Tenant”). The following exhibits and attachments are incorporated into
and made a part of the Lease: Exhibit A-1 (Outline and Location of Premises), Exhibit A-2 (Legal Description), Exhibit B (Expenses and Taxes), Exhibit C (Work Letter), Exhibit D
(Commencement Letter), Exhibit E (Building Rules and Regulations) and Exhibit F (Additional Provisions). 
 1. Basic
Lease Information. 
  

	 	1.01	“Building” shall mean the building located at 999 Third Avenue, Seattle, Washington, commonly known as Wells Fargo Center. “Rentable Square
Footage of the Building” is deemed to be 940,648 square feet. 

  

	 	1.02	 “Premises” shall mean the area shown on Exhibit A to this Lease. The Premises is located on the 41st floor and known as suite 4100. If the Premises include one or
more floors in their entirety, all corridors and restroom facilities located on such full floor(s) shall be considered part of the Premises. The “Rentable Square Footage of the Premises” is deemed to be 12,215 square feet.
Landlord and Tenant stipulate and agree that the Rentable Square Footage of the Building and the Rentable Square Footage of the Premises are correct. 

  

	 	1.03	“Base Rent”: 

  

									
	 Period
	  	Annual Rate
Per Square 
Foot	 	  	Monthly
Base Rent	 
	 Months 1- 36
	  	$	23.85	  	  	$	24,277.31	  

  

	 	1.04	“Tenant’s Pro Rata Share”: 1.2986%. 

  

	 	1.05	“Base Year” for Taxes (defined in Exhibit B): 2005; “Base Year” for Expenses (defined in Exhibit B): 2005.

  

	 	1.06	“Term”: A period of 36 months. Subject to Section 3, the Term shall commence on July 1, 2005 (the “Commencement Date”) and,
unless terminated early in accordance with this Lease, end on June 30, 2008 (the “Termination Date”). 

  

	 	1.07	Allowance(s): Eighty-five Thousand Five Hundred Five and No/100 Dollars ($85,505.00) (equivalent to $7.00 per rentable square foot leased) for Landlord Work as
set forth and more particularly described in the Work Letter attached as Exhibit C. 

  

	 	1.08	“Security Deposit”: As more fully described in Section 6. 

 

	 	1.09	“Guarantor(s)”: As of the date of this Lease, there are no Guarantors. 

 

	 	1.10	“Broker(s)”: Flinn Ferguson (“Tenant’s Broker”) and] Equity Office Properties Management Corp. (“Landlord’s
Broker”). 

  

	 	1.11	“Permitted Use”: General office use; provided that in no event shall the Premises, or any portion of the Premises, be used (i) for the operation
of a retail bank, which may include, but shall not be limited to, banking counters or teller windows for accepting deposits and loan payments and cashing checks for retail banking customers on a walk-in basis or as a federally or state chartered
retail bank, savings and loan association or credit union, (ii) to sell at retail whole or freshly ground coffee beans, gourmet, brand-identified brewed coffee and/or espresso or espresso-based drinks or coffee-based drinks, (iii) by a
business under the trade names of Bowne and Company, Inc., or Merrill Corporation (or their affiliates, successors or assigns), (iv) for the operation of a securities brokerage firm, (v) to provide photo-finishing services, and
(vi) to provide executive/secretarial services and “packaged offices”. 

  
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	 	1.12	“Notice Address(es)”: 

  

			
	Landlord:	 	Tenant:
	 EOP-NORTHWEST PROPERTIES, L.L.C.

c/o Equity Office
 701 Fifth Avenue, Suite
4000
 Seattle, Washington 98104
 Attn:
Property Manager, Wells Fargo Center
	 	 Prior to the Commencement Date:
  

Zillow, Inc.
 601 Union Street, Suite
3730
 Seattle, Washington 98101
 Attn:
Lloyd Frink
  
 From and after the Commencement Date, notices shall be sent
to Tenant at the Premises, to the attention of Lloyd Frink.

 A copy of any notices to Landlord shall be sent
to Equity Office, One Market, Spear Tower, Suite 600, San Francisco, California 94105, Attn: Seattle Regional Counsel. 
  

	 	1.13	“Business Day(s)” are Monday through Friday of each week, exclusive of New Year’s Day, Presidents Day, Memorial Day, Independence Day, Labor Day,
Thanksgiving Day and Christmas Day (“Holidays”). Landlord may designate additional Holidays that are commonly recognized by other office buildings in the area where the Building is located. “Building Service Hours”
are 7:00 A.M. to 6:00 P.M. on Business Days and 9:00 A.M. to 1:00 P.M. on Saturdays. 

 

	 	1.14	“Landlord Work” means the work that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work
Letter”) attached to this Lease as Exhibit C. 

  

	 	1.15	“Property” means the Building and the parcel(s) of land on which it is located and, at Landlord’s discretion, the parking facilities and other
improvements, if any, serving the Building and the parcel(s) of land on which they are located. 

  

	 	1.16	“Letter of Credit” is as described in Section 2 of Exhibit F attached hereto. 

2. Lease Grant. 
 The
Premises are hereby leased to Tenant from Landlord, together with the right to use any portions of the Property that are designated by Landlord for the common use of tenants and others (the “Common Areas”). 

3. Adjustment of Commencement Date; Possession. 
 3.01 Since Landlord is required to perform Landlord Work prior to the Commencement Date: (a) the date set forth in Section 1.06 as the Commencement Date shall instead be defined as the
“Target Commencement Date”; (b) the actual Commencement Date shall be the date on which the Landlord Work is Substantially Complete (defined below); and (c) the Termination Date will be the last day of the Term as
determined based upon the actual Commencement Date. Landlord’s failure to Substantially Complete the Landlord Work by the Target Commencement Date shall not be a default by Landlord or otherwise render Landlord liable for damages. Promptly
after the determination of the Commencement Date, Landlord and Tenant shall enter into a commencement letter agreement in the form attached as Exhibit D. Tenant’s failure to execute and return the commencement letter, or to provide
written objection to the statements contained in the letter, within 30 days after the date of the letter shall be deemed an approval by Tenant of the statements contained therein. If the Termination Date does not fall on the last day of a calendar
month, Landlord and Tenant may elect to adjust the Termination Date to the last day of the calendar month in which the Termination Date occurs by the mutual execution of a commencement letter agreement setting forth such adjusted date. The Landlord
Work shall be deemed to be “Substantially Complete” on the on the later of (i) the date that all Landlord Work has been performed, other than any details of construction, mechanical adjustment or any other similar matter, the
non-completion of which does not materially interfere with Tenant’s use of the Premises; and (ii) the date Landlord receives from the appropriate governmental authorities, with respect to the Landlord Work performed by Landlord or its
contractors in the Premises, all approvals necessary for the occupancy of the Premises. If Landlord is delayed in the performance of the Landlord Work as a result of the 

  
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acts or omissions of Tenant, the Tenant Related Parties (defined in Section 13) or their respective contractors or vendors, including, without limitation, changes requested by Tenant to
approved plans, Tenant’s failure to comply with any of its obligations under this Lease, or the specification of any materials or equipment with long lead times (a “Tenant Delay”), the Landlord Work shall be deemed to be
Substantially Complete on the date that Landlord could reasonably have been expected to Substantially Complete the Landlord Work absent any Tenant Delay. 
 3.02 Subject to Landlord’s obligation to perform Landlord Work, the Premises are accepted by Tenant in “as is” condition and configuration without any representations or warranties by
Landlord. By taking possession of the Premises, Tenant agrees that the Premises are in good order and satisfactory condition. Notwithstanding the foregoing, Landlord shall be responsible for latent defects in the Landlord Work of which Tenant
notifies Landlord to the extent that the correction of such defects is covered under valid and enforceable warranties given Landlord by contractors or subcontractors performing the Landlord Work. Landlord, at its option, may pursue such claims
directly or assign any such warranties to Tenant for enforcement. Landlord shall not be liable for a failure to deliver possession of the Premises or any other space due to the holdover or unlawful possession of such space by another party, however
Landlord shall use reasonable efforts to obtain possession of the space. The commencement date for the space, in such event, shall be postponed until the date Landlord delivers possession of the Premises to Tenant free from occupancy by any party
and with the Landlord Work Substantially Complete. If the Landlord Work is Substantially Complete prior to the Target Commencement Date of July 1, 2005, Tenant shall be entitled to possess the Premises for the conduct of its business
operations, but if Tenant takes possession of the Premises before the Target Commencement Date, such possession shall be subject to the terms and conditions of this Lease, provided, however, that in such event Tenant’s obligation to pay Rent
(defined in Section 4.01) shall not commence until the earlier of (i) 45 days subsequent to Tenant taking possession of the Premises, or (ii) July 1, 2005. Except for the cost of services requested by Tenant (e.g., freight
elevator usage), Tenant shall not be required to pay Rent for any days of possession before the Commencement Date during which Tenant, with the approval of Landlord, is in possession of the Premises for the sole purpose of performing improvements or
installing furniture, equipment or other personal property. 
 4. Rent. 

4.01 Tenant shall pay Landlord, without any setoff or deduction, unless expressly set forth in this Lease, all Base Rent and Additional
Rent due for the Term (collectively referred to as “Rent”). “Additional Rent” means all sums (exclusive of Base Rent) that Tenant is required to pay Landlord under this Lease. Tenant shall pay and be liable for all
rental, sales and use taxes (but excluding income taxes), if any, imposed upon or measured by Rent. Base Rent and recurring monthly charges of Additional Rent shall be due and payable in advance on the first day of each calendar month without notice
or demand, provided that the installment of Base Rent for the first full calendar month of the Term shall be payable upon the execution of this Lease by Tenant. All other items of Rent shall be due and payable by Tenant on or before 30 days after
billing by Landlord. Rent shall be made payable to the entity, and sent to the address, Landlord designates and shall be made by good and sufficient check or by other means acceptable to Landlord. Tenant shall pay Landlord an administration fee
equal to 5% of all past due Rent, provided that Tenant shall be entitled to a grace period of 5 days after written notice from Landlord for the first 2 late payments of Rent in a calendar year. In addition, past due Rent shall accrue interest at
12% per annum. Landlord’s acceptance of less than the correct amount of Rent shall be considered a payment on account of the earliest Rent due. Rent for any partial month during the Term shall be prorated. No endorsement or statement on a
check or letter accompanying payment shall be considered an accord and satisfaction. Tenant’s covenant to pay Rent is independent of every other covenant in this Lease. 
 4.02 Tenant shall pay Tenant’s Pro Rata Share of Taxes and Expenses in accordance with Exhibit B of this Lease. 
 5. Compliance with Laws; Use. 
 The Premises shall be used for the Permitted
Use and for no other use whatsoever. Tenant shall comply with all statutes, codes, ordinances, orders, rules and regulations of any municipal or governmental entity whether in effect now or later, including the Americans with Disabilities Act
(“Law(s)”), regarding the operation of Tenant’s business and the use, condition, configuration and occupancy of the Premises. In addition, Tenant shall, at its sole cost and expense, promptly comply with any Laws that relate to
the “Base Building” (defined below), but only to the extent such obligations are triggered by Tenant’s use of the Premises, other than for 

  
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general office use, or Alterations or improvements in the Premises performed or requested by Tenant. “Base Building” shall include the structural portions of the Building, the
public restrooms and the Building mechanical, electrical and plumbing systems and equipment located in the internal core of the Building on the floor or floors on which the Premises are located. Tenant shall promptly provide Landlord with copies of
any notices it receives regarding an alleged violation of Law. Tenant shall comply with the rules and regulations of the Building attached as Exhibit E and such other reasonable rules and regulations adopted by Landlord from time to
time, including rules and regulations for the performance of Alterations (defined in Section 9). 
 6. Security Deposit. 

The Security Deposit shall be delivered to Landlord upon the execution of this Lease by Tenant and held by Landlord without liability for
interest (unless required by Law) as security for the performance of Tenant’s obligations. The Security Deposit is not an advance payment of Rent or a measure of damages. Landlord may use all or a portion of the Security Deposit to satisfy past
due Rent, to cure any Default (defined in Section 18) by Tenant, or to satisfy any other loss or damage resulting from Tenant’s Default as provided in Section 19. If Landlord uses any portion of the Security Deposit, Tenant shall,
within 5 days after demand, restore the Security Deposit to its original amount. Landlord shall return any unapplied portion of the Security Deposit to Tenant within 30 days after the later to occur of: (a) determination of the final Rent due
from Tenant; or (b) the later to occur of the Termination Date or the date Tenant surrenders the Premises to Landlord in compliance with Section 25. Landlord may assign the Security Deposit to a successor or transferee and, following the
assignment, Landlord shall have no further liability for the return of the Security Deposit. Landlord shall not be required to keep the Security Deposit separate from its other accounts. 
 7. Building Services. 
 7.01 Landlord shall furnish Tenant with the
following services: (a) water for use in the Base Building lavatories; (b) customary heat and air conditioning in season during Building Service Hours, although Tenant shall have the right to receive HVAC service during hours other than
Building Service Hours by paying Landlord’s then standard charge for additional HVAC service and providing such prior notice as is reasonably specified by Landlord (which additional HVAC charge as of the date of this Lease is $30.00 per hour);
(c) standard janitorial service on Business Days; (d) elevator service; (e) electricity in accordance with the terms and conditions in Section 7.02; (f) access to the Building for Tenant and its employees 24 hours per day/7
days per week, subject to the terms of this Lease and such protective services or monitoring systems, if any, as Landlord may reasonably impose, including, without limitation, sign-in procedures and/or presentation of identification cards; and
(g) such other services as Landlord reasonably determines are necessary or appropriate for the Property. 
 7.02
Electricity used by Tenant in the Premises shall, at Landlord’s option, be paid for by Tenant either: (a) through inclusion in Expenses (except as provided for excess usage); (b) by a separate charge payable by Tenant to Landlord; or
(c) by separate charge billed by the applicable utility company and payable directly by Tenant. Without the consent of Landlord, Tenant’s use of electrical service shall not exceed, either in voltage, rated capacity, use beyond Building
Service Hours or overall load, that which Landlord reasonably deems to be standard for the Building. Landlord shall have the right to measure electrical usage by commonly accepted methods, including the installation of measuring devices such as
submeters and check meters. If it is determined that Tenant is using excess electricity, Tenant shall pay Landlord Additional Rent for the cost of such excess electrical usage and for the cost of purchasing and installing the measuring device(s).

 7.03 Landlord’s failure to furnish, or any interruption, diminishment or termination of services due
to the application of Laws, the failure of any equipment, the performance of repairs, improvements or alterations, utility interruptions or the occurrence of an event of Force Majeure (defined in Section 26.03) (collectively a “Service
Failure”) shall not render Landlord liable to Tenant, constitute a constructive eviction of Tenant, give rise to an abatement of Rent, nor relieve Tenant from the obligation to fulfill any covenant or agreement. However, if the Premises, or
a material portion of the Premises, are made untenantable for a period in excess of 3 consecutive Business Days as a result of a Service Failure that is reasonably within the control of Landlord to correct, then Tenant, as its sole remedy, shall be
entitled to receive an abatement of Rent payable hereunder during the period beginning on the 4th consecutive Business Day of the Service Failure and ending on the day the service has been restored. If the entire Premises have not been rendered untenantable by the Service Failure, the amount of
abatement shall be equitably prorated. 

  
 4 

 8. Leasehold Improvements. 
 All improvements in and to the Premises, including any Alterations (defined in Section 9.03) (collectively, “Leasehold Improvements”) shall remain upon the Premises at the end of the
Term without compensation to Tenant, provided that Tenant, at its expense, in compliance with the National Electric Code or other applicable Law, shall remove any Cable (defined in Section 9.01 below). In addition, Landlord, by written notice
to Tenant at least 30 days prior to the Termination Date, may require Tenant, at its expense, to remove any Landlord Work or Alterations that, in Landlord’s reasonable judgment, are of a nature that would require removal and repair costs that
are materially in excess of the removal and repair costs associated with standard office improvements (the Cable and such other items collectively are referred to as “Required Removables”). Required Removables shall include, without
limitation, internal stairways, raised floors, personal baths and showers, vaults, rolling file systems and structural alterations and modifications. The Required Removables shall be removed by Tenant before the Termination Date. Tenant shall repair
damage caused by the installation or removal of Required Removables. If Tenant fails to perform its obligations in a timely manner, Landlord may perform such work at Tenant’s expense. Notwithstanding the foregoing, if Tenant, at the time it
requests approval for a proposed Alteration, including any Initial Alterations or Landlord Work, as such terms may be defined in the Work Letter attached as Exhibit C, requests in writing that Landlord advise Tenant whether the
Alteration, including any Initial Alterations or Landlord Work, or any portion thereof, is a Required Removable, then, within 10 days after receipt of Tenant’s request, Landlord shall advise Tenant in writing as to which portions, if any, of
the Alteration are Required Removables, and any such Alteration (or any portion thereof) as to which Landlord does not timely so advise Tenant that the same is a Required Removable shall not be deemed a Required Removable. 

9. Repairs and Alterations. 
 9.01 Tenant shall periodically inspect the Premises to identify any conditions that are dangerous or in need of maintenance or repair. Tenant shall promptly provide Landlord with notice of any such
conditions. Tenant shall, at its sole cost and expense, perform all maintenance and repairs to the Premises that are not Landlord’s express responsibility under this Lease, and keep the Premises in good condition and repair, reasonable wear and
tear excepted. Tenant’s repair and maintenance obligations include, without limitation, repairs to: (a) floor covering; (b) interior partitions; (c) doors; (d) the interior side of demising walls; (e) electronic, fiber,
phone and data cabling and related equipment that is installed by or for the exclusive benefit of Tenant (collectively, “Cable”); (f) supplemental air conditioning units, kitchens, including hot water heaters, plumbing, and
similar facilities exclusively serving Tenant; and (g) Alterations. Subject to the terms of Section 15 below, to the extent Landlord is not reimbursed by insurance proceeds, Tenant shall reimburse Landlord for the cost of repairing damage
to the Building caused by the acts of Tenant, Tenant Related Parties and their respective contractors and vendors. If Tenant fails to commence any repairs to the Premises for more than 15 days after notice from Landlord (although notice shall not be
required in an emergency) or thereafter to diligently prosecute such repairs to completion, Landlord may make the repairs, and Tenant shall pay the reasonable cost of the repairs, together with an administrative charge in an amount equal to 7% of
the cost of the repairs. 
 9.02 Landlord shall keep and maintain in good repair and working order and perform maintenance upon
the: (a) structural elements of the Building; (b) mechanical (including HVAC), electrical, plumbing and fire/life safety systems serving the Building in general; (c) Common Areas; (d) roof of the Building; (e) exterior
windows of the Building; and (f) elevators serving the Building. Landlord shall promptly make repairs for which Landlord is responsible. 
 9.03 Tenant shall not make alterations, repairs, additions or improvements or install any Cable (collectively referred to as “Alterations”) without first obtaining the written consent of
Landlord in each instance, which consent shall not be unreasonably withheld or delayed. However, Landlord’s consent shall not be required for any Alteration that satisfies all of the following criteria (a “Cosmetic
Alteration”): (a) is of a cosmetic nature such as painting, wallpapering, hanging pictures and installing carpeting; (b) is not visible from the exterior of the Premises or Building; (c) will not affect the Base Building; and
(d) does not require work to be performed inside the walls or above the ceiling of the Premises. Cosmetic Alterations shall be subject to all the other provisions of this Section 9.03. Prior to starting work, Tenant shall furnish Landlord
with plans and specifications; names of contractors reasonably acceptable to Landlord (provided that Landlord may designate specific contractors with respect to Base Building); required permits and approvals; and evidence of contractor’s and
subcontractor’s insurance in amounts reasonably required by Landlord and naming Landlord as an additional 

  
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insured. Changes to the plans and specifications must also be submitted to Landlord for its approval. Alterations shall be constructed in a good and workmanlike manner using materials of a
quality reasonably approved by Landlord. Tenant shall reimburse Landlord for any reasonable and customary out-of-pocket sums paid by Landlord for third party examination of Tenant’s plans for non-Cosmetic Alterations. In addition, Tenant shall
pay Landlord a fee for Landlord’s oversight and coordination of any non-Cosmetic Alterations equal to 7% of the cost of the non-Cosmetic Alterations. Upon completion, Tenant shall furnish “as-built” plans for non-Cosmetic Alterations,
completion affidavits and full and final waivers of lien. Landlord’s approval of an Alteration shall not be deemed a representation by Landlord that the Alteration complies with Law. 
 10. Entry by Landlord. 
 Landlord may enter the Premises to inspect, show or
clean the Premises or to perform or facilitate the performance of repairs, alterations or additions to the Premises or any portion of the Building. Except in emergencies or to provide Building services, Landlord shall provide Tenant with reasonable
prior verbal notice of entry and shall use reasonable efforts to minimize any interference with Tenant’s use of the Premises. If reasonably necessary, Landlord may temporarily close all or a portion of the Premises to perform repairs,
alterations and additions. However, except in emergencies, Landlord will not close the Premises if the work can reasonably be completed on weekends and after Building Service Hours. Entry by Landlord shall not constitute a constructive eviction or
entitle Tenant to an abatement or reduction of Rent. 
 11. Assignment and Subletting. 

11.01 Except in connection with a Permitted Transfer (defined in Section 11.04), Tenant shall not assign, sublease, transfer or
encumber any interest in this Lease or allow any third party to use any portion of the Premises (collectively or individually, a “Transfer”) without the prior written consent of Landlord, which consent shall not be unreasonably
withheld, conditioned or delayed if Landlord does not exercise its recapture rights under Section 11.02. If the entity(ies) which directly or indirectly controls the voting shares/rights of Tenant changes at any time, such change of ownership
or control (“Change of Control”) shall constitute a Transfer unless Tenant is an entity whose outstanding stock is listed on a recognized securities exchange or if at least 80% of its voting stock is owned by another entity, the
voting stock of which is so listed. The foregoing shall not apply to the infusion of additional equity capital in Tenant that does not result in a Change in Control, or to an initial public offering of equity securities of Tenant under the
Securities Act of 1933, as amended, that results in Tenant’s stock being traded on a national securities exchange, including, but not limited to, the NYSE, the NASDAQ Stock Market or the NASDAQ Small Cap Market System. Any Transfer in violation
of this Section shall, at Landlord’s option, be deemed a Default by Tenant as described in Section 18, and shall be voidable by Landlord. In no event shall any Transfer, including a Permitted Transfer, release or relieve Tenant from any
obligation under this Lease. 
 11.02 Tenant shall provide Landlord with financial statements for the proposed transferee, a
fully executed copy of the proposed assignment, sublease or other Transfer documentation and such other information as Landlord may reasonably request. Within 15 Business Days after receipt of the required information and documentation, Landlord
shall either: (a) consent to the Transfer by execution of a consent agreement in a form reasonably designated by Landlord; (b) reasonably refuse to consent to the Transfer in writing; or (c) in the event of an assignment of this Lease
(other than a Permitted Transfer) or subletting of more than 20% of the Rentable Square Footage of the Premises for more than 50% of the remaining Term (excluding unexercised options), recapture the portion of the Premises that Tenant is proposing
to Transfer. Notwithstanding the above, Tenant, within 5 Business Days after receipt of Landlord’s notice of intent to terminate, may withdraw its request for consent to the Transfer. In that event, Landlord’s election to terminate the
Lease shall be null and void and of no force and effect. If Landlord exercises its right to recapture and Tenant does not so rescind its request for consent to the Transfer, this Lease shall automatically be amended (or terminated if the entire
Premises is being assigned or sublet) to delete the applicable portion of the Premises effective on the proposed effective date of the Transfer, although Landlord may require Tenant to execute a reasonable amendment or other document reflecting such
reduction or termination. Tenant shall pay Landlord a review fee of $1,250.00 for Landlord’s review of any Permitted Transfer or requested Transfer. 
 11.03 Tenant shall pay Landlord 50% of all rent and other consideration which Tenant receives as a result of a Transfer that is in excess of the Rent payable to Landlord for the portion of the Premises
and Term covered by the Transfer. Tenant shall pay Landlord for 

  
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Landlord’s share of the excess within 30 days after Tenant’s receipt of the excess. Tenant may deduct from the excess, on a straight-line basis, all reasonable and customary expenses
directly incurred by Tenant attributable to the Transfer. If Tenant is in Default, Landlord may require that all sublease payments be made directly to Landlord, in which case Tenant shall receive a credit against Rent in the amount of Tenant’s
share of payments received by Landlord. 
 11.04 Tenant may assign this Lease to a successor to Tenant by purchase, merger,
consolidation or reorganization (an “Ownership Change”), or assign this Lease or sublet all or a portion of the Premises to an Affiliate, or permit a Change in Control resulting solely from a transfer of stock or partnership
interests among shareholders or partners existing as of the date of this Lease, without the consent of Landlord, and without triggering any recapture rights pursuant to Section 11.02, provided that all of the following conditions are satisfied
(a “Permitted Transfer”): (a) Tenant is not in Default; (b) in the event of an Ownership Change, Tenant’s successor shall own substantially all of the assets of Tenant and have a net worth which is at least equal to
Tenant’s net worth as of the day prior to the proposed Ownership Change, or in the event of a Transfer to an Affiliate (defined below), Tenant continues to have a net worth equal to or greater than Tenant’s net worth at the date of this
Lease or the Affiliate has a net worth equal to Tenant’s net worth at the date of this Lease; (c) the Permitted Use does not allow the Premises to be used for retail purposes; and (d) Tenant shall give Landlord written notice at least
15 Business Days prior to the effective date of the Permitted Transfer. Tenant’s notice to Landlord shall include information and documentation evidencing the Permitted Transfer and showing that each of the above conditions has been satisfied.
If requested by Landlord, Tenant’s successor shall sign a commercially reasonable form of assumption agreement. “Affiliate” shall mean a person or an entity controlled by, controlling or under common control with Tenant.

 12. Liens. 

Tenant shall not permit mechanics’ or other liens to be placed upon the Property, Premises or Tenant’s leasehold interest in
connection with any work or service done or purportedly done by or for the benefit of Tenant or its transferees. Tenant shall give Landlord notice at least 15 days prior to the commencement of any work in the Premises to afford Landlord the
opportunity, where applicable, to post and record notices of non-responsibility. Tenant, within 10 days of notice from Landlord, shall fully discharge any lien by settlement, by bonding or by insuring over the lien in the manner prescribed by the
applicable lien Law and, if Tenant fails to do so, Tenant shall be deemed in Default under this Lease and, in addition to any other remedies available to Landlord as a result of such Default by Tenant, Landlord, at its option, may bond,
insure over or otherwise discharge the lien. Tenant shall reimburse Landlord for any amount paid by Landlord, including, without limitation, reasonable attorneys’ fees. 
 13. Indemnity and Waiver of Claims. 
 Except to the extent caused by the
negligence or willful misconduct of Landlord or any Landlord Related Parties (defined below), Tenant shall indemnify, defend and hold Landlord and Landlord Related Parties harmless against and from all liabilities, obligations, damages, penalties,
claims, actions, costs, charges and expenses, including, without limitation, reasonable attorneys’ fees and other professional fees (if and to the extent permitted by Law) (collectively referred to as “Losses”), which may be
imposed upon, incurred by or asserted against Landlord or any of the Landlord Related Parties by any third party and arising out of or in connection with any damage or injury occurring in the Premises or any acts or omissions (including violations
of Law) of Tenant, the Tenant Related Parties (defined below) or any of Tenant’s transferees, contractors or licensees. Except to the extent caused by the negligence or willful misconduct of Tenant or any Tenant Related Parties, Landlord shall
indemnify, defend and hold Tenant, its trustees, members, principals, beneficiaries, partners, officers, directors, employees and agents (“Tenant Related Parties”) harmless against and from all Losses which may be imposed upon,
incurred by or asserted against Tenant or any of the Tenant Related Parties by any third party and arising out of or in connection with the acts or omissions (including violations of Law) of Landlord or the Landlord Related Parties. Tenant hereby
waives all claims against and releases Landlord and its trustees, members, principals, beneficiaries, partners, officers, directors, employees, Mortgagees (defined in Section 23) and agents (the “Landlord Related Parties”) from
all claims for any injury to or death of persons, damage to property or business loss in any manner related to (a) Force Majeure, (b) acts of third parties, (c) the bursting or leaking of any tank, water closet, drain or other pipe,
(d) the inadequacy or failure of any security or protective services, personnel or equipment, or (e) any matter not within the reasonable control of Landlord. 

  
 7 

 14. Insurance. 
 Tenant shall maintain the following insurance (“Tenant’s Insurance”): (a) Commercial General Liability Insurance applicable to the Premises and its appurtenances providing, on
an occurrence basis, a minimum combined single limit of $2,000,000.00; (b) Property/Business Interruption Insurance written on an All Risk or Special Cause of Loss Form, including earthquake sprinkler leakage, at replacement cost value and with
a replacement cost endorsement covering all of Tenant’s business and trade fixtures, equipment, movable partitions, furniture, merchandise and other personal property within the Premises (“Tenant’s Property”) and any
Leasehold Improvements performed by or for the benefit of Tenant; (c) Workers’ Compensation Insurance in amounts required by Law; and (d) Employers Liability Coverage of at least $1,000,000.00 per occurrence (provided that if this
coverage is unavailable from the Worker’s Compensation carrier or applicable State Fund, a “Stop Gap Liability” endorsement to the Commercial General Liability Policy is acceptable). Any company writing Tenant’s Insurance shall
have an A.M. Best rating of not less than A-VIII. All Commercial General Liability Insurance policies shall name as additional insureds Landlord (or its successors and assignees), the managing agent for the Building (or any successor), EOP Operating
Limited Partnership, Equity Office Properties Trust and their respective members, principals, beneficiaries, partners, officers, directors, employees, and agents, and other designees of Landlord and its successors as the interest of such designees
shall appear. In addition, Landlord shall be named as a loss payee with respect to Property/Business Interruption Insurance on the Leasehold Improvements. All policies of Tenant’s Insurance shall contain endorsements that the insurer(s) shall
give Landlord and its designees at least 30 days’ advance written notice of any cancellation, termination, material change or lapse of insurance. Tenant shall provide Landlord with a certificate of insurance evidencing Tenant’s Insurance
prior to the earlier to occur of the Commencement Date or the date Tenant is provided with possession of the Premises, and thereafter as necessary to assure that Landlord always has current certificates evidencing Tenant’s Insurance. Landlord
shall maintain so called All Risk property insurance on the Building at replacement cost value as reasonably estimated by Landlord, together with such other insurance coverage as Landlord, in its reasonable judgment, may elect to maintain.

 15. Subrogation. 
 Landlord and Tenant hereby waive and shall cause their respective insurance carriers to waive any and all rights of recovery, claims, actions or causes of action against the other for any loss or damage
with respect to Tenant’s Property, Leasehold Improvements, the Building, the Premises, or any contents thereof, including rights, claims, actions and causes of action based on negligence, which loss or damage is (or would have been, had the
insurance required by this Lease been carried) covered by insurance. For the purposes of this waiver, any deductible with respect to a party’s insurance shall be deemed covered by and recoverable by such party under valid and collectable
policies of insurance. 
 16. Casualty Damage. 
 16.01 If all or any portion of the Premises becomes untenantable by fire or other casualty to the Premises (collectively a “Casualty”), Landlord, with reasonable promptness, shall cause a
general contractor selected by Landlord to provide Landlord and Tenant with a written estimate of the amount of time required using standard working methods to Substantially Complete the repair and restoration of the Premises and any Common Areas
necessary to provide access to the Premises (“Completion Estimate”). If the Completion Estimate indicates that the Premises or any Common Areas necessary to provide access to the Premises cannot be made tenantable within 240 days
from the date the repair is started, then either party shall have the right to terminate this Lease upon written notice to the other within 10 days after receipt of the Completion Estimate. Tenant, however, shall not have the right to terminate this
Lease if the Casualty was caused by the gross negligence or intentional misconduct of Tenant or any Tenant Related Parties. In addition, Landlord, by notice to Tenant within 90 days after the date of the Casualty, shall have the right to terminate
this Lease if: (1) the Premises have been materially damaged and there is less than 1 year of the Term remaining on the date of the Casualty; (2) any Mortgagee requires that the insurance proceeds be applied to the payment of the mortgage
debt; or (3) a material uninsured loss to the Building or Premises occurs. Tenant shall have the right to terminate this Lease if: (a) a substantial portion of the Premises has been damaged by fire or other casualty and such damage cannot
reasonably be repaired within 60 days after receipt of the Completion Estimate; (b) there is less than 1 year of the Term remaining on the date of such casualty; (c) the casualty was not caused by the gross negligence or willful misconduct
of Tenant or its agents, employees or contractors; and 

  
 8 

 
(d) Tenant provides Landlord with written notice of its intent to terminate within 20 days after receipt of the Completion Estimate. 

16.02 If this Lease is not terminated, Landlord shall promptly and diligently, subject to reasonable delays for insurance adjustment or
other matters beyond Landlord’s reasonable control, restore the Premises and Common Areas. Such restoration shall be to substantially the same condition that existed prior to the Casualty, except for modifications required by Law or any other
modifications to the Common Areas deemed desirable by Landlord. Upon notice from Landlord, Tenant shall assign or endorse over to Landlord (or to any party designated by Landlord) all property insurance proceeds payable to Tenant under Tenant’s
Insurance with respect to any Leasehold Improvements performed by or for the benefit of Tenant; provided if the estimated cost to repair such Leasehold Improvements exceeds the amount of insurance proceeds received by Landlord from Tenant’s
insurance carrier, the excess cost of such repairs shall be paid by Tenant to Landlord prior to Landlord’s commencement of repairs. Within 15 days of demand, Tenant shall also pay Landlord for any additional excess costs that are determined
during the performance of the repairs. In no event shall Landlord be required to spend more for the restoration than the proceeds received by Landlord, whether insurance proceeds or proceeds from Tenant. Landlord shall not be liable for any
inconvenience to Tenant, or injury to Tenant’s business resulting in any way from the Casualty or the repair thereof. Provided that Tenant is not in Default, during any period of time that all or a material portion of the Premises is rendered
untenantable as a result of a Casualty, the Rent shall abate for the portion of the Premises that is untenantable and not used by Tenant. 

17. Condemnation. 

Either party may terminate this Lease if any material part of the Premises is taken or condemned for any public or quasi-public use under
Law, by eminent domain or private purchase in lieu thereof (a “Taking”). Landlord shall also have the right to terminate this Lease if there is a Taking of any portion of the Building or Property which would have a material adverse
effect on Landlord’s ability to profitably operate the remainder of the Building. If Landlord has the right to terminate this Lease pursuant to this Section 17, Landlord agrees to exercise such right in a nondiscriminatory fashion among
tenants in the Building. Consideration of the following factors in arriving at its decision shall not be deemed discriminatory: length of term remaining on the Lease, time needed to repair and restore, costs of repair and restoration not covered by
condemnation proceeds, Landlord’s plans to repair and restore Common Areas serving the Premises, Landlord’s plans for repair and restoration of the Building, and other relevant factors of Landlord’s decision as long as they are
applied to Tenant in the same manner as other tenants. The terminating party shall provide written notice of termination to the other party within 45 days after it first receives notice of the Taking. The termination shall be effective as of the
effective date of any order granting possession to, or vesting legal title in, the condemning authority. If this Lease is not terminated, Base Rent and Tenant’s Pro Rata Share shall be appropriately adjusted to account for any reduction in the
square footage of the Building or Premises. All compensation awarded for a Taking shall be the property of Landlord. The right to receive compensation or proceeds are expressly waived by Tenant, however, Tenant may file a separate claim for
Tenant’s Property and Tenant’s reasonable relocation expenses, provided the filing of the claim does not diminish the amount of Landlord’s award. If only a part of the Premises is subject to a Taking and this Lease is not terminated,
Landlord, with reasonable diligence, will restore the remaining portion of the Premises as nearly as practicable to the condition immediately prior to the Taking. 
 18. Events of Default. 
 In addition to any other default specifically
described in this Lease, each of the following occurrences shall be a “Default”: (a) Tenant’s failure to pay any portion of Rent when due, if the failure continues for 3 Business Days after written notice to Tenant
(“Monetary Default”); (b) Tenant’s failure (other than a Monetary Default) to comply with any term, provision, condition or covenant of this Lease, if the failure is not cured within 20 days after written notice to Tenant
provided, however, if Tenant’s failure to comply cannot reasonably be cured within 20 days, Tenant shall be allowed additional time (not to exceed 90 days) as is reasonably necessary to cure the failure so long as Tenant begins the cure within
20 days and diligently pursues the cure to completion; (c) Tenant permits a Transfer without Landlord’s required approval or otherwise in violation of Section 11 of this Lease; (d) Tenant or any Guarantor becomes insolvent, makes
a transfer in fraud of creditors, makes an assignment for the benefit of creditors, admits in writing its inability to pay its debts when due or forfeits or loses its right to conduct business; (e) the leasehold estate is taken by process or
operation of Law; or (f) in the case of any ground floor or retail Tenant, Tenant does not take possession of or abandons or vacates all or any portion of the Premises. If Landlord provides Tenant with notice of Tenant’s

  
 9 

 
failure to comply with any specific provision of this Lease on 3 separate occasions during any 12 month period, Tenant’s subsequent violation of such provision shall, at Landlord’s
option, be an incurable Default by Tenant. All notices sent under this Section shall be in satisfaction of, and not in addition to, notice required by Law. 
 19. Remedies. 
 19.01 Upon Default, Landlord shall have the right to pursue
any one or more of the following remedies: 
 (a) Terminate this Lease, in which case Tenant shall immediately surrender the
Premises to Landlord. If Tenant fails to surrender the Premises, Landlord, in compliance with Law, may enter upon and take possession of the Premises and remove Tenant, Tenant’s Property and any party occupying the Premises. Tenant shall pay
Landlord, on demand, all past due Rent and other losses and damages Landlord suffers as a result of Tenant’s Default, including, without limitation, all Costs of Reletting (defined below) and any deficiency that may arise from reletting or the
failure to relet the Premises. “Costs of Reletting” shall include all reasonable costs and expenses incurred by Landlord in reletting or attempting to relet the Premises, including, without limitation, legal fees, brokerage
commissions, the cost of building standard alterations and the value of other concessions or allowances granted to a new tenant. 
 (b) Terminate Tenant’s right to possession of the Premises and, in compliance with Law, remove Tenant, Tenant’s Property and any parties occupying the Premises. Landlord may (but shall not be
obligated to) relet all or any part of the Premises, without notice to Tenant, for such period of time and on such terms and conditions (which may include concessions, free rent and work allowances) as Landlord in its absolute discretion shall
determine. Landlord may collect and receive all rents and other income from the reletting. Tenant shall pay Landlord on demand all past due Rent, all Costs of Reletting and any deficiency arising from the reletting or failure to relet the Premises.
The re-entry or taking of possession of the Premises shall not be construed as an election by Landlord to terminate this Lease. Landlord agrees to use reasonable efforts to mitigate damages, provided that those efforts shall not require Landlord to
relet the Premises in preference to any other space in the Building or to relet the Premises to any party that Landlord could reasonably reject as a transferee pursuant to Section 11. 

19.02 In lieu of calculating damages under Section 19.01, Landlord may elect to receive as damages the sum of (a) all Rent
accrued through the date of termination of this Lease or Tenant’s right to possession, and (b) an amount equal to the total Rent that Tenant would have been required to pay for the remainder of the Term discounted to present value at the
Prime Rate (defined below) then in effect, minus the then present fair rental value of the Premises for the remainder of the Term, similarly discounted, after deducting all anticipated Costs of Reletting. “Prime Rate” shall be the
per annum interest rate publicly announced as its prime or base rate by a federally insured bank selected by Landlord in the state in which the Building is located. 
 19.03 If Tenant is in Default of any of its non-monetary obligations under the Lease, Landlord shall have the right to perform such obligations. Tenant shall reimburse Landlord for the cost of such
performance upon demand together with an administrative charge equal to 7% of the cost of the work performed by Landlord. The repossession or re-entering of all or any part of the Premises shall not relieve Tenant of its liabilities and obligations
under this Lease. No right or remedy of Landlord shall be exclusive of any other right or remedy. Each right and remedy shall be cumulative and in addition to any other right and remedy now or subsequently available to Landlord at Law or in equity.

 20. Limitation of Liability. 
 NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS LEASE, THE LIABILITY OF LANDLORD (AND OF ANY SUCCESSOR LANDLORD) SHALL BE LIMITED TO THE INTEREST OF LANDLORD IN THE PROPERTY. TENANT SHALL LOOK
SOLELY TO LANDLORD’S INTEREST IN THE PROPERTY FOR THE RECOVERY OF ANY JUDGMENT OR AWARD AGAINST LANDLORD OR ANY LANDLORD RELATED PARTY. NEITHER LANDLORD NOR ANY LANDLORD RELATED PARTY SHALL BE PERSONALLY LIABLE FOR ANY JUDGMENT OR DEFICIENCY,
AND IN NO EVENT SHALL LANDLORD OR ANY LANDLORD RELATED PARTY BE LIABLE TO TENANT FOR ANY LOST PROFIT, DAMAGE TO OR LOSS OF BUSINESS OR ANY FORM OF SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGE. BEFORE FILING SUIT FOR AN ALLEGED DEFAULT BY LANDLORD,
TENANT SHALL GIVE LANDLORD AND THE MORTGAGEE(S) WHOM 

  
 10 

 
TENANT HAS BEEN NOTIFIED HOLD MORTGAGES (DEFINED IN SECTION 23 BELOW), NOTICE AND REASONABLE TIME TO CURE THE ALLEGED DEFAULT. 
 21. Relocation. 
 If the initial Term of this Lease is extended or renewed
(whether pursuant to Section 4 of Exhibit F attached hereto or otherwise), Landlord may, at its expense, upon 60 days’ prior written notice to Tenant, and effective at any time after the expiration of such initial Term (i.e.,
after the Termination Date designated in Sections 1.06 and 3.01 above), relocate Tenant from the Premises to space of reasonably comparable size and utility (“Relocation Space”) within the Building. From and after the date of
the relocation, the Base Rent and Tenant’s Pro Rata Share shall be adjusted based on the rentable square footage of the Relocation Space. Landlord shall pay Tenant’s reasonable costs of relocation, including all costs for moving
Tenant’s furniture, equipment, supplies and other personal property, as well as the cost of printing and distributing change of address notices to Tenant’s customers and one month’s supply of stationery showing the new address.

 22. Holding Over. 
 If Tenant fails to surrender all or any part of the Premises at the termination of this Lease, occupancy of the Premises after termination shall be that of a tenancy at sufferance. Tenant’s occupancy
shall be subject to all the terms and provisions of this Lease, and Tenant shall pay an amount (on a per month basis without reduction for partial months during the holdover) equal to 150% of the sum of the Base Rent and Additional Rent due for the
period immediately preceding the holdover. No holdover by Tenant or payment by Tenant after the termination of this Lease shall be construed to extend the Term or prevent Landlord from immediate recovery of possession of the Premises by summary
proceedings or otherwise. If Landlord is unable to deliver possession of the Premises to a new tenant or to perform improvements for a new tenant as a result of Tenant’s holdover and Tenant fails to vacate the Premises within 15 days after
notice from Landlord, Tenant shall be liable for all damages that Landlord suffers from the holdover. 
 23. Subordination to Mortgages;
Estoppel Certificate. 
 Tenant accepts this Lease subject and subordinate to any mortgage(s), deed(s) of trust, ground
lease(s) or other lien(s) now or subsequently arising upon the Premises, the Building or the Property, and to renewals, modifications, refinancings and extensions thereof (collectively referred to as a “Mortgage”). The party having
the benefit of a Mortgage shall be referred to as a “Mortgagee”. This clause shall be self-operative, but upon request from a Mortgagee, Tenant shall execute a commercially reasonable subordination agreement in favor of the
Mortgagee. As an alternative, a Mortgagee shall have the right at any time to subordinate its Mortgage to this Lease. Upon request, Tenant, without charge, shall attorn to any successor to Landlord’s interest in this Lease. Landlord and Tenant
shall each, within 10 days after receipt of a written request from the other, execute and deliver a commercially reasonable estoppel certificate to those parties as are reasonably requested by the other (including a Mortgagee or prospective
purchaser). Without limitation, such estoppel certificate may include a certification as to the status of this Lease, the existence of any defaults and the amount of Rent that is due and payable. 

Notwithstanding the foregoing, upon written request by Tenant, Landlord will use reasonable efforts to obtain a non-disturbance,
subordination and attornment agreement from Landlord’s then current Mortgagee on such Mortgagee’s then current standard form of agreement. “Reasonable efforts” of Landlord shall not require Landlord to incur any cost, expense or
liability to obtain such agreement, it being agreed that Tenant shall be responsible for any fee or review costs charged by the Mortgagee. Upon request of Landlord, Tenant will execute the Mortgagee’s form of non-disturbance, subordination and
attornment agreement and return the same to Landlord for execution by the Mortgagee. Landlord’s failure to obtain a non-disturbance, subordination and attornment agreement for Tenant shall have no effect on the rights, obligations and
liabilities of Landlord and Tenant or be considered to be a default by Landlord hereunder. 
 24. Notice. 

All demands, approvals, consents or notices (collectively referred to as a “notice”) shall be in writing and delivered by
hand or sent by registered or certified mail with return receipt requested or sent by overnight or same day courier service at the party’s respective Notice Address(es) set forth in Section 1. Each notice shall be deemed to have been
received on the 

  
 11 

 
earlier to occur of actual delivery or the date on which delivery is refused, or, if Tenant has vacated the Premises or any other Notice Address of Tenant without providing a new Notice Address,
3 Business Days after notice is deposited in the U.S. mail or with a courier service in the manner described above. Either party may, at any time, change its Notice Address (other than to a post office box address) by giving the other party written
notice of the new address. 
 25. Surrender of Premises. 
 At the termination of this Lease or Tenant’s right of possession, Tenant shall remove Tenant’s Property from the Premises, and quit and surrender the Premises to Landlord, broom clean, and in
good order, condition and repair, ordinary wear and tear and damage which Landlord is obligated to repair hereunder excepted. If Tenant fails to remove any of Tenant’s Property within 2 days after termination of this Lease or Tenant’s
right to possession, Landlord, at Tenant’s sole cost and expense, shall be entitled (but not obligated) to remove and store Tenant’s Property. Landlord shall not be responsible for the value, preservation or safekeeping of Tenant’s
Property. Tenant shall pay Landlord, upon demand, the expenses and storage charges incurred. If Tenant fails to remove Tenant’s Property from the Premises or storage, within 30 days after notice, Landlord may deem all or any part of
Tenant’s Property to be abandoned and title to Tenant’s Property shall vest in Landlord. 
 26. Miscellaneous. 

26.01 This Lease shall be interpreted and enforced in accordance with the Laws of the state or commonwealth in which the Building is
located and Landlord and Tenant hereby irrevocably consent to the jurisdiction and proper venue of such state or commonwealth. If any term or provision of this Lease shall to any extent be void or unenforceable, the remainder of this Lease shall not
be affected. If there is more than one Tenant or if Tenant is comprised of more than one party or entity, the obligations imposed upon Tenant shall be joint and several obligations of all the parties and entities, and requests or demands from any
one person or entity comprising Tenant shall be deemed to have been made by all such persons or entities. Notices to any one person or entity shall be deemed to have been given to all persons and entities. Tenant represents and warrants to Landlord
that each individual executing this Lease on behalf of Tenant is authorized to do so on behalf of Tenant and that Tenant is not, and the entities or individuals constituting Tenant or which may own or control Tenant or which may be owned or
controlled by Tenant are not, (i) in violation of any laws relating to terrorism or money laundering, or (ii) among the individuals or entities identified on any list compiled pursuant to Executive Order 13224 for the purpose of
identifying suspected terrorists or on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control at its official website, http://www.treas.gov/ofac/tllsdn.pdf or any replacement website or other
replacement official publication of such list. 
 26.02 If either party institutes a suit against the other for violation of or
to enforce any covenant, term or condition of this Lease, the prevailing party shall be entitled to reimbursement of all of its costs and expenses, including, without limitation, reasonable attorneys’ fees. Landlord and Tenant hereby waive any
right to trial by jury in any proceeding based upon a breach of this Lease. Either party’s failure to declare a default immediately upon its occurrence, or delay in taking action for a default, shall not constitute a waiver of the default, nor
shall it constitute an estoppel. 
 26.03 Whenever a period of time is prescribed for the taking of an action by Landlord or
Tenant (other than the payment of the Security Deposit or Rent), the period of time for the performance of such action shall be extended by the number of days that the performance is actually delayed due to strikes, acts of God, shortages of labor
or materials, war, terrorist acts, civil disturbances and other causes beyond the reasonable control of the performing party (“Force Majeure”). 
 26.04 Landlord shall have the right to transfer and assign, in whole or in part, all of its rights and obligations under this Lease and in the Building and Property. Upon transfer Landlord shall be
released from any further obligations hereunder and Tenant agrees to look solely to the successor in interest of Landlord for the performance of such obligations, provided that, any successor pursuant to a voluntary, third party transfer (but not as
part of an involuntary transfer resulting from a foreclosure or deed in lieu thereof) shall have assumed Landlord’s obligations under this Lease. 
 26.05 Landlord has delivered a copy of this Lease to Tenant for Tenant’s review only and the delivery of it does not constitute an offer to Tenant or an option. 

  
 12 

 (a) Tenant represents that it has dealt directly with and only with
Tenant’s Broker as its broker in connection with this Lease. Tenant shall indemnify and hold Landlord and the Landlord Related Parties harmless from all claims of any other brokers claiming to have represented Tenant in connection with this
Lease. Landlord agrees to pay a brokerage commission to Tenant’s Broker in accordance with the terms of a separate written commission agreement to be entered into between Landlord and Tenant’s Broker, provided that in no event shall
Landlord be obligated to pay a commission to Tenant’s Broker in connection with any extension of the Term or in connection with any additional space that is leased by Tenant pursuant to the terms of this Lease except as may be specifically
provided otherwise in such written agreement or future written agreement between Landlord and Tenant’s Broker. Landlord agrees to indemnify and hold Tenant and the Tenant Related Parties harmless from all claims of any brokers, including
Landlord’s Broker, claiming to have represented Landlord in connection with this Lease. 
 (b) Agency
Disclosure. At the signing of this Lease, Landlord’s leasing agent, Shawn Jackson, of Equity Office Properties Management Corp. represented (X) Landlord, (        ) Tenant, or
(        ) both Landlord and Tenant. At the signing of this Lease, Tenant’s agent, Parker Ferguson, of Flinn Ferguson, represented (        )
Landlord, (X) Tenant, or (        ) both Landlord and Tenant. Each party signing this document confirms that the prior oral and/or written disclosure of agency was provided to such party in this
transaction, as required by RCW 18.86.030(1)(g). 
 (c) Landlord and Tenant, by their execution of this
Lease, each acknowledge and agree that they have timely received a pamphlet on the law of real estate agency as required under RCW 18.86.030(1)(f). 
 26.06 Time is of the essence with respect to Tenant’s exercise of any expansion, renewal or extension rights granted to Tenant. The expiration of the Term, whether by lapse of time, termination or
otherwise, shall not relieve either party of any obligations which accrued prior to or which may continue to accrue after the expiration or termination of this Lease. 
 26.07 Tenant may peacefully have, hold and enjoy the Premises, subject to the terms of this Lease, provided Tenant pays the Rent and fully performs all of its covenants and agreements. This covenant shall
be binding upon Landlord and its successors only during its or their respective periods of ownership of the Building. 
 26.08
This Lease does not grant any rights to light or air over or about the Building. Landlord excepts and reserves exclusively to itself any and all rights not specifically granted to Tenant under this Lease. This Lease constitutes the entire agreement
between the parties and supersedes all prior agreements and understandings related to the Premises, including all lease proposals, letters of intent and other documents. Neither party is relying upon any warranty, statement or representation not
contained in this Lease. This Lease may be modified only by a written agreement signed by an authorized representative of Landlord and Tenant. 
 [Signatures on following page] 

  
 13 

 Landlord and Tenant have executed this Lease as of the day and year first above written.

  

							
	LANDLORD:
	
	EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company
		
	By:	 	EOP Operating Limited Partnership, a Delaware limited partnership, its sole member
			
		 	By:	 	Equity Office Properties Trust, a Maryland real estate investment trust, its general partner
				
		 		 	By:	 	   /s/ M. Patrick Callahan

		 		 		 	M. Patrick Callahan
		 		 		 	Senior Vice President
		 		 		 	Seattle Region
	
	TENANT:
	
	ZILLOW, INC., a Washington corporation
		
	By:	 	   /s/ Lloyd Frink

		
	Name:	 	   Lloyd Frink

		
	Title:	 	   President

	
	Tenant’s Tax ID Number (SSN or FEIN):
	
	  

  
 14 

 EXHIBIT A-1 
 OUTLINE AND LOCATION OF PREMISES 
 This Exhibit is attached to and
made a part of the Lease by and between EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company (“Landlord”) and ZILLOW, INC., a Washington corporation (“Tenant”) for space in the
Building located at 999 Third Avenue, Seattle, Washington. 

 

 

  
 Exhibit A 

1 

 EXHIBIT A-2 
 LEGAL DESCRIPTION OF PROPERTY 
 This Exhibit is attached to and made
a part of the Lease by and between EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company (“Landlord”) and ZILLOW, INC., a Washington corporation (“Tenant”) for space in the Building
located at 999 Third Avenue, Seattle, Washington. 
 THE LAND REFERRED TO HEREIN IS SITUATED IN THE STATE OF WASHINGTON, COUNTY OF KING, AND
IS DESCRIBED AS FOLLOWS: 
 THAT PORTION OF THE C.D. BOREN DONATION LAND CLAIM LOCATED IN SECTIONS 31 AND 32, TOWNSHIP 25 NORTH, RANGE
4 EAST, W.M., RECORDS OF KING COUNTY, DESCRIBED AS FOLLOWS: 
 BEGINNING AT THE INTERSECTION OF THE SOUTHEASTERLY LINE OF MADISON STREET AS
ESTABLISHED IN THE PLAT OF BOREN AND DENNY’S ADDITION, AS PER PLAT RECORDED IN VOLUME 1 OF PLATS, PAGE 27, RECORDS OF KING COUNTY, WITH THE NORTHEASTERLY LINE OF SECOND AVENUE AS ESTABLISHED IN DISTRICT COURT CAUSE NO. 7097; THENCE
NORTH 59o21’29” EAST ALONG SAID SOUTHEASTERLY LINE 235.12 FEET TO THE SOUTHWESTERLY LINE OF THIRD AVENUE, AS ESTABLISHED IN KING COUNTY SUPERIOR COURT CAUSE NO. 54135; THENCE SOUTH 30o37’35”
EAST ALONG SAID SOUTHWESTERLY LINE 239.95 FEET TO THE NORTHWESTERLY LINE OF MARION STREET, AS ESTABLISHED IN SAID PLAT; THENCE SOUTH 59o21’40” WEST ALONG SAID NORTHWESTERLY LINE 235.11 FEET TO SAID NORTHEASTERLY LINE OF
SECOND AVENUE; THENCE NORTH 30o37’36” WEST ALONG SAID NORTHEASTERLY LINE 239.94 FEET TO THE POINT OF BEGINNING, BEING ALSO DESCRIBED AS: 
 LOTS 1 THROUGH 8 IN BLOCK 10, TOWN OF SEATTLE, AS LAID OUT ON THE CLAIMS OF C.D. BOREN AND A.A. DENNY (COMMONLY KNOWN AS BOREN & DENNY’S ADDITION TO THE CITY OF SEATTLE), ACCORDING TO THE
PLAT THEREOF, RECORDED IN VOLUME 1 OF PLATS, PAGE 27, RECORDS OF KING COUNTY; 
 TOGETHER WITH VACATED VALLEY ADJOINING AS PROVIDED BY ORDINANCE
NO. 110128 RECORDED UNDER RECORDING NO. 8110160314 OF THE CITY OF SEATTLE; 
 EXCEPT THE SOUTHWESTERLY 12 FEET OF LOTS 1, 4, 5 AND 8 CONDEMNED
IN DISTRICT COURT CAUSE NO. 1107 OF THE CITY OF SEATTLE; 
 AND EXCEPT THE NORTHEASTERLY 9 FEET OF LOTS 2, 3, 6 AND 7 CONDEMNED FOR WIDENING OF
THIRD AVENUE IN KING COUNTY SUPERIOR COURT CAUSE NO. 54135, AS PROVIDED BY ORDINANCE NO. 14345 OF THE CITY OF SEATTLE; 
 SITUATE IN THE CITY OF
SEATTLE, COUNTY OF KING, STATE OF WASHINGTON. 

  
 Exhibit A 

2 

 EXHIBIT B 
 EXPENSES AND TAXES 
 This Exhibit is attached to and made a part of
the Lease by and between EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company (“Landlord”) and ZILLOW, INC., a Washington corporation (“Tenant”) for space in the Building located at
999 Third Avenue, Seattle, Washington. 
 1. Payments. 
 1.01 Tenant shall pay Tenant’s Pro Rata Share of the amount, if any, by which Expenses (defined below) for each calendar year during the Term exceed Expenses for the Base Year (the “Expense
Excess”) and also the amount, if any, by which Taxes (defined below) for each calendar year during the Term exceed Taxes for the Base Year (the “Tax Excess”). If Expenses or Taxes in any calendar year decrease below the
amount of Expenses or Taxes for the Base Year, Tenant’s Pro Rata Share of Expenses or Taxes, as the case may be, for that calendar year shall be $0. Landlord shall provide Tenant with a good faith estimate of the Expense Excess and of the Tax
Excess for each calendar year during the Term. On or before the first day of each month, Tenant shall pay to Landlord a monthly installment equal to one-twelfth of Tenant’s Pro Rata Share of Landlord’s estimate of both the Expense Excess
and Tax Excess. After its receipt of the revised estimate, Tenant’s monthly payments shall be based upon the revised estimate. If Landlord does not provide Tenant with an estimate of the Expense Excess or the Tax Excess by January 1 of a
calendar year, Tenant shall continue to pay monthly installments based on the previous year’s estimate(s) until Landlord provides Tenant with the new estimate. 
 1.02 As soon as is practical following the end of each calendar year, Landlord shall furnish Tenant with a statement of the actual Expenses and Expense Excess and the actual Taxes and Tax Excess for the
prior calendar year. If the estimated Expense Excess or estimated Tax Excess for the prior calendar year is more than the actual Expense Excess or actual Tax Excess, as the case may be, for the prior calendar year, Landlord shall either provide
Tenant with a refund or apply any overpayment by Tenant against Additional Rent due or next becoming due, provided if the Term expires before the determination of the overpayment, Landlord shall refund any overpayment to Tenant after first deducting
the amount of Rent due. If the estimated Expense Excess or estimated Tax Excess for the prior calendar year is less than the actual Expense Excess or actual Tax Excess, as the case may be, for such prior year, Tenant shall pay Landlord, within 30
days after its receipt of the statement of Expenses or Taxes, any underpayment for the prior calendar year. 
 2. Expenses. 

2.01 “Expenses” means all costs and expenses incurred in each calendar year in connection with operating, maintaining,
repairing, and managing the Building and the Property. Expenses include, without limitation: (a) all labor and labor related costs, including wages, salaries, bonuses, taxes, insurance, uniforms, training, retirement plans, pension plans and
other employee benefits; (b) management fees (however, in no event shall the management fees for the Building exceed 4% of gross receipts for the Building); (c) the cost of equipping, staffing and operating an on-site and/or off-site
management office for the Building, provided if the management office services one or more other buildings or properties, the shared costs and expenses of equipping, staffing and operating such management office(s) shall be equitably prorated and
apportioned between the Building and the other buildings or properties; (d) accounting costs; (e) the cost of services; (f) rental and purchase cost of parts, supplies, tools and equipment; (g) insurance premiums and commercially
reasonable deductibles (provided, however, that in any event the following insurance deductibles shall not be deemed to exceed commercially reasonable amounts: (1) earthquake insurance deductibles up to 5% of the total insurable value of the
Property per occurrence, and (2) any other insurance deductibles up to $100,000.00 per occurrence); (h) electricity, gas and other utility costs; and (i) the amortized cost of capital improvements (as distinguished from replacement
parts or components installed in the ordinary course of business) made subsequent to the Base Year which are: (1) performed primarily to reduce current or future operating expense costs, upgrade Building security or otherwise improve the
operating efficiency of the Property; or (2) required to comply with any Laws that are enacted, or first interpreted to apply to the Property, after the date of this Lease. The cost of capital improvements shall be amortized by Landlord over
the lesser of the Payback Period (defined below) or the useful life of the capital improvement as reasonably determined by Landlord. The amortized cost of capital 

  
 Exhibit B 

1 

 
improvements may, at Landlord’s option, include actual or imputed interest at the rate that Landlord would reasonably be required to pay to finance the cost of the capital improvement.
“Payback Period” means the reasonably estimated period of time that it takes for the cost savings resulting from a capital improvement to equal the total cost of the capital improvement. Landlord, by itself or through an affiliate,
shall have the right to directly perform, provide and be compensated for any services under this Lease, but only to the extent that the costs of such services do not exceed the competitive cost for such services rendered by persons or entities of
similar skill, competence and experience. If Landlord incurs Expenses for the Building or Property together with one or more other buildings or properties, whether pursuant to a reciprocal easement agreement, common area agreement or otherwise, the
shared costs and expenses shall be equitably prorated and apportioned between the Building and Property and the other buildings or properties. 
 2.02 Expenses shall not include: 
  

	 	a.	the cost of capital improvements (except as set forth above); 

  

	 	b.	depreciation; 

  

	 	c.	principal payments of mortgage and other non-operating debts of Landlord; 

  

	 	d.	the cost of repairs or other work to the extent Landlord is reimbursed by insurance or condemnation proceeds; 

 

	 	e.	costs in connection with leasing space in the Building, including brokerage commissions; 

 

	 	f.	lease concessions, rental abatements and construction allowances granted to specific tenants; 

 

	 	g.	costs incurred in connection with the sale, financing or refinancing of the Building; 

 

	 	h.	fines, interest and penalties incurred due to the late payment of Taxes or Expenses; 

 

	 	i.	organizational expenses associated with the creation and operation of the entity which constitutes Landlord; 

 

	 	j.	any penalties or damages that Landlord pays to Tenant under this Lease or to other tenants in the Building under their respective leases 

 

	 	k.	costs incurred by Landlord in connection with the correction of defects in design and original construction of the Building or Property; 

 

	 	l.	all “tenant allowances”, “tenant concessions” and other costs or expenses incurred in fixturing, furnishing, renovating or otherwise improving,
decorating or redecorating space for tenants or other occupants of the Building, or vacant leaseable space in the Building, except in connection with general maintenance and repairs provided to the tenants of the Building in general;

  

	 	m.	all costs associated with the operation of the business of the entity which constitutes “Landlord” (as distinguished from the costs of operating, maintaining,
repairing and managing the Building); 

  

	 	n.	All items (including repairs) and services for which Tenant or other tenants pay directly to third parties or for which Tenant or other tenants reimburse (or are
required to reimburse) Landlord (other than through Expenses); 

  

	 	o.	attorney’s fees and other expenses incurred in connection with negotiations or disputes with prospective tenants or tenants or other occupants of the Building;

  

	 	p.	salaries or fringe benefits of (i) employees above the grade of general manager, and (ii) employees whose time is not spent directly and solely in the
operation of the Property, provided that if any employee performs services in connection with the Building and other buildings, costs associated with such employee may be proportionately included in Expenses based on the percentage of time such
employee spends in connection with the operation, maintenance and management of the Building; 

  

	 	q.	any cost or expense related to removal, cleaning, abatement or remediation of “hazardous materials” in or about the Building, Common Area or Property,
including, without limitation, hazardous substances in the ground water or soil, except to the extent such removal, cleaning, abatement or remediation is related to the general repair and maintenance of the Building, Common Area or Property; and

  

	 	r.	The cost or expense of any services or benefits provided generally to other tenants in the Building and not provided or available to Tenant; and

  

	 	s.	Any expenses for which Landlord has received actual reimbursement (other than through Expenses). 

  
 Exhibit B 

2 

 2.03 If at any time during a calendar year the Building is not at least 95% occupied or
Landlord is not supplying services to at least 95% of the total Rentable Square Footage of the Building, Expenses shall be determined as if the Building had been 95% occupied and Landlord had been supplying services to 95% of the Rentable Square
Footage of the Building. If Expenses for a calendar year are determined as provided in the prior sentence, Expenses for the Base Year shall also be determined in such manner. The extrapolation of Expenses under this Section shall be performed in
accordance with the methodology specified by the Building Owners and Managers Association. 
 3. “Taxes” shall mean:
(a) all real property taxes and other assessments on the Building and/or Property, including, but not limited to, gross receipts taxes, assessments for special improvement districts and building improvement districts, governmental charges, fees
and assessments for police, fire, traffic mitigation or other governmental service of purported benefit to the Property, taxes and assessments levied in substitution or supplementation in whole or in part of any such taxes and assessments and the
Property’s share of any real estate taxes and assessments under any reciprocal easement agreement, common area agreement or similar agreement as to the Property; (b) all personal property taxes for property that is owned by Landlord and
used in connection with the operation, maintenance and repair of the Property; and (c) all costs and fees incurred in connection with seeking reductions in any tax liabilities described in (a) and (b), including, without limitation, any
costs incurred by Landlord for compliance, review and appeal of tax liabilities. Without limitation, Taxes shall not include any income, capital levy, transfer, capital stock, gift, estate or inheritance tax. If a change in Taxes is obtained for any
year of the Term during which Tenant paid Tenant’s Pro Rata Share of any Tax Excess, then Taxes for that year will be retroactively adjusted and Landlord shall provide Tenant with a credit, if any, based on the adjustment. Likewise, if a change
is obtained for Taxes for the Base Year, Taxes for the Base Year shall be restated and the Tax Excess for all subsequent years shall be recomputed. Tenant shall pay Landlord the amount of Tenant’s Pro Rata Share of any such increase in the Tax
Excess within 30 days after Tenant’s receipt of a statement from Landlord. 
 4. Audit Rights. Tenant, within 365 days after
receiving Landlord’s statement of Expenses, may give Landlord written notice (“Review Notice”) that Tenant intends to review Landlord’s records of the Expenses for the calendar year to which the statement applies. Within a
reasonable time after receipt of the Review Notice, Landlord shall make all pertinent records available for inspection that are reasonably necessary for Tenant to conduct its review. If any records are maintained at a location other than the
management office for the Building, Tenant may either inspect the records at such other location or pay for the reasonable cost of copying and shipping the records. If Tenant retains an agent to review Landlord’s records, the agent must be with
a CPA firm licensed to do business in the state or commonwealth where the Property is located. Tenant shall be solely responsible for all costs, expenses and fees incurred for the audit; provided, however that, if Landlord and Tenant determine that
Expenses for the calendar year were less than stated by more than 5%, Landlord, within 30 days after its receipt of paid invoices therefor from Tenant, shall reimburse Tenant for any reasonable amounts paid by Tenant to third parties in connection
with such review by Tenant. Within 90 days after the records are made available to Tenant, Tenant shall have the right to give Landlord written notice (an “Objection Notice”) stating in reasonable detail any objection to
Landlord’s statement of Expenses for that year. If Tenant fails to give Landlord an Objection Notice within the 90 day period or fails to provide Landlord with a Review Notice within the 365 day period described above, Tenant shall be deemed to
have approved Landlord’s statement of Expenses and shall be barred from raising any claims regarding the Expenses for that year. If Tenant provides Landlord with a timely Objection Notice, Landlord and Tenant shall work together in good faith
to resolve any issues raised in Tenant’s Objection Notice. If Landlord and Tenant determine that Expenses for the calendar year are less than reported, Landlord shall provide Tenant with a credit against the next installment of Rent in the
amount of the overpayment by Tenant. Likewise, if Landlord and Tenant determine that Expenses for the calendar year are greater than reported, Tenant shall pay Landlord the amount of any underpayment within 30 days. The records obtained by Tenant
shall be treated as confidential. In no event shall Tenant be permitted to examine Landlord’s records or to dispute any statement of Expenses unless Tenant has paid and continues to pay all Rent when due. 

  
 Exhibit B 

3 

 EXHIBIT C 
 WORK LETTER 
 This Exhibit is attached to and made a part of the
Lease by and between EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company (“Landlord”) and ZILLOW, INC., a Washington corporation (“Tenant”) for space in the Building located at 999
Third Avenue, Seattle, Washington. 
 As used in this Work Letter, the “Premises” shall be deemed to mean the Premises, as initially
defined in the Lease to which this Exhibit is attached. 
  

	1.	This Work Letter shall set forth the obligations of Landlord and Tenant with respect to the improvements to be performed in the Premises for Tenant’s use. All
improvements described in this Work Letter to be constructed in and upon the Premises by Landlord are hereinafter referred to as the “Landlord Work.” It is agreed that construction of the Landlord Work will be completed at
Tenant’s sole cost and expense, subject to the Allowance (as defined below). Landlord shall enter into a direct contract for the Landlord Work with a general contractor selected by Landlord. In addition, Landlord shall have the right to select
and/or approve of any subcontractors used in connection with the Landlord Work. 

  

	2.	Tenant shall be solely responsible for the timely preparation and submission to Landlord of the final architectural, electrical and mechanical construction drawings,
plans and specifications (called “Plans”) necessary to construct the Landlord Work, which plans shall be subject to approval by Landlord and Landlord’s architect and engineers and shall comply with their requirements to avoid
aesthetic or other conflicts with the design and function of the balance of the Building. Tenant shall be responsible for all elements of the design of Tenant’s plans (including, without limitation, compliance with law, functionality of design,
the structural integrity of the design, the configuration of the Premises and the placement of Tenant’s furniture, appliances and equipment), and Landlord’s approval of Tenant’s plans shall in no event relieve Tenant of the
responsibility for such design. If requested by Tenant, Landlord’s architect will prepare the Plans necessary for such construction at Tenant’s cost. Whether or not the layout and Plans are prepared with the help (in whole or in part) of
Landlord’s architect, Tenant agrees to remain solely responsible for the timely preparation and submission of the Plans and for all elements of the design of such Plans and for all costs related thereto. Tenant has assured itself by direct
communication with the architect and engineers (Landlord’s or its own, as the case may be) that the final approved Plans can be delivered to Landlord on or before March 2, 2005 (the “Plans Due Date”), provided that Tenant
promptly furnishes complete information concerning its requirements to said architect and engineers as and when requested by them. Tenant covenants and agrees to cause said final, approved Plans to be delivered to Landlord on or before said Plans
Due Date and to devote such time as may be necessary in consultation with said architect and engineers to enable them to complete and submit the Plans within the required time limit. Time is of the essence in respect of preparation and submission of
Plans by Tenant. If the Plans are not fully completed and approved by the Plans Due Date, Tenant shall be responsible for one day of Tenant Delay (as defined in the Lease to which this Exhibit is attached) for each day during the period beginning on
the day following the Plans Due Date and ending on the date completed Plans are approved. (The word “architect” as used in this Exhibit shall include an interior designer or space planner.) 

 

	3.	If Landlord’s estimate and/or the actual cost of construction shall exceed the Allowance, Landlord, prior to commencing any construction of Landlord Work, shall
submit to Tenant a written estimate setting forth the anticipated cost of the Landlord Work, including but not limited to labor and materials, contractor’s fees and permit fees. Within 3 Business Days thereafter, Tenant shall either notify
Landlord in writing of its approval of the cost estimate, or specify its objections thereto and any desired changes to the proposed Landlord Work. If Tenant notifies Landlord of such objections and desired changes, Tenant shall work with Landlord to
reach a mutually acceptable alternative cost estimate. 

  

	4.	 If Landlord’s estimate and/or the actual cost of construction shall exceed the Allowance, if any (such amounts exceeding the Allowance being
herein referred to as the “Excess Costs”), Tenant shall pay to Landlord such Excess Costs, plus any applicable state 

  
 Exhibit C 

1 

	 	 
sales or use tax thereon, within 15 Business Days of invoicing therefor. The statements of costs submitted to Landlord by Landlord’s contractors shall be conclusive for purposes of
determining the actual cost of the items described therein. The amounts payable by Tenant hereunder constitute Rent payable pursuant to the Lease, and the failure to timely pay same constitutes an event of default under the Lease.

  

	5.	If Tenant shall request any change, addition or alteration in any of the Plans after approval by Landlord, Landlord shall have such revisions to the drawings prepared,
and Tenant shall reimburse Landlord for the cost thereof, plus any applicable state sales or use tax thereon, within 15 Business Days of invoicing therefor. Promptly upon completion of the revisions, Landlord shall notify Tenant in writing of the
increased cost which will be chargeable to Tenant by reason of such change, addition or deletion. Tenant, within 3 Business Days, shall notify Landlord in writing whether it desires to proceed with such change, addition or deletion. In the absence
of such written authorization, Landlord shall have the option to continue work on the Premises disregarding the requested change, addition or alteration, or Landlord may elect to discontinue work on the Premises until it receives notice of
Tenant’s decision, in which event Tenant shall be responsible for any Tenant Delay in completion of the Premises resulting therefrom. If such revisions result in a higher estimate of the cost of construction and/or higher actual construction
costs which exceed the Allowance, such increased estimate or costs shall be deemed Excess Costs pursuant to Paragraph 4 hereof and Tenant shall pay such Excess Costs, plus any applicable state sales or use tax thereon, upon demand.

  

	6.	Following approval of the Plans and the payment by Tenant of the required portion of the Excess Costs, if any, Landlord shall obtain all necessary permits and cause the
Landlord Work to be constructed substantially in accordance with the approved Plans, in a good and workmanlike manner. Landlord shall notify Tenant of substantial completion of the Landlord Work. 

 

	7.	Landlord, provided Tenant is not in default beyond applicable notice and cure periods under this Lease, agrees to provide Tenant with an allowance (the
“Allowance”) in an amount not to exceed $85,505.00 (i.e., $7.00 per rentable square foot of the Premises) to be applied toward the cost of the Landlord Work in the Premises. If the Allowance shall not be sufficient to complete the
Landlord Work, Tenant shall pay the Excess Costs, plus any applicable state sales or use tax thereon, as prescribed in Paragraph 4 above. Any portion of the Allowance which exceeds the cost of the Landlord Work or is otherwise remaining after
July 1, 2005, shall accrue to the sole benefit of Landlord, it being agreed that Tenant shall not be entitled to any credit, offset, abatement or payment with respect thereto. Landlord shall be entitled to deduct from the Allowance a
construction management fee for Landlord’s oversight of the Landlord Work in an amount equal to 4% of the total cost of the Landlord Work. 

  

	8.	In addition to performing the Landlord Work as required by this Work Letter, Landlord shall, at its sole cost and expense (which shall not be charged against the
Allowance), not later than the date on which Landlord tenders delivery of possession of the Premises to Tenant, remove from the Premises all electronic, phone and data cabling and related equipment existing in the Premises as of the date of the
Lease. 

  

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

  
 Exhibit C 

2 

 EXHIBIT D 
 COMMENCEMENT LETTER 
 (EXAMPLE) 

 

			
	Date	 	  

		
	Tenant	 	  

	Address	 	  

		 	  

		 	  

 

	Re:	 Commencement Letter with respect to that certain Lease dated as of the      day of
                    , 2005, by and between EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company, as Landlord, and
ZILLOW, INC., a Washington corporation, as Tenant, for 12,215 rentable square feet on the 41st floor of the Building located at 999 Third Avenue, Seattle, Washington. 

  

							
	Lease ID:	  	  
	  		  	

							
	Business Unit Number:	  	  
	  		  	

  

	Dear	                           
             : 

 In accordance with the terms
and conditions of the above referenced Lease, Tenant accepts possession of the Premises and agrees: 
 1. The Commencement Date
of the Lease is
                                        ;

 2. The Termination Date of the Lease is
                                        .

 Please acknowledge your acceptance of possession and agreement to the terms set forth above by signing all 3 counterparts of
this Commencement Letter in the space provided and returning 2 fully executed counterparts to my attention. Tenant’s failure to execute and return this letter, or to provide written objection to the statements contained in this letter, within
30 days after the date of this letter shall be deemed an approval by Tenant of the statements contained herein. 
  

					
	Sincerely,	 	
	
	  

	Authorized Signatory	 	
		
	Agreed and Accepted:	 	
		
	Tenant:	 	  

					
			
	By:	 	  
	 	
	Name:	 	  
	 	
	Title:	 	  
	 	
	Date:	 	  
	 	

  
 Exhibit D 

1 

 EXHIBIT E 
 BUILDING RULES AND REGULATIONS 
 This Exhibit is attached to and
made a part of the Lease by and between EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company (“Landlord”) and ZILLOW, INC., a Washington corporation (“Tenant”) for space in the
Building located at 999 Third Avenue, Seattle, Washington. 
 The following rules and regulations shall apply, where applicable,
to the Premises, the Building, the parking facilities (if any), the Property and the appurtenances. In the event of a conflict between the following rules and regulations and the remainder of the terms of the Lease, the remainder of the terms of the
Lease shall control. Capitalized terms have the same meaning as defined in the Lease. 
  

	1.	Sidewalks, doorways, vestibules, halls, stairways and other similar areas shall not be obstructed by Tenant or used by Tenant for any purpose other than ingress and
egress to and from the Premises. No rubbish, litter, trash, or material shall be placed, emptied, or thrown in those areas. At no time shall Tenant permit Tenant’s employees to loiter in Common Areas or elsewhere about the Building or Property.

  

	2.	Plumbing fixtures and appliances shall be used only for the purposes for which designed and no sweepings, rubbish, rags or other unsuitable material shall be thrown or
placed in the fixtures or appliances. 

  

	3.	No signs, advertisements or notices shall be painted or affixed to windows, doors or other parts of the Building, except those of such color, size, style and in such
places as are first approved in writing by Landlord. All tenant identification and suite numbers at the entrance to the Premises shall be installed by Landlord, at Tenant’s cost and expense, using the standard graphics for the Building,
provided, however, that the initial signage shall be at Landlord’s cost and expense. Except in connection with the hanging of lightweight pictures and wall decorations, no nails, hooks or screws shall be inserted into any part of the Premises
or Building except by the Building maintenance personnel without Landlord’s prior approval, which approval shall not be unreasonably withheld. 

  

	4.	Landlord will provide and maintain in the first floor (main lobby) of the Building an alphabetical directory board or other directory device listing tenants, including
listing Tenant, and no other directory shall be permitted unless previously consented to by Landlord in writing. 

  

	5.	Tenant shall not place any lock(s) on any door in the Premises or Building without Landlord’s prior written consent, which consent shall not be unreasonably
withheld, and Landlord shall have the right at all times to retain and use keys or other access codes or devices to all locks within and into the Premises. A reasonable number of keys to the locks on the entry doors in the Premises shall be
furnished by Landlord to Tenant at Tenant’s cost and Tenant shall not make any duplicate keys. All keys shall be returned to Landlord at the expiration or early termination of the Lease. 

 

	6.	All contractors, contractor’s representatives and installation technicians performing work in the Building shall be subject to Landlord’s prior approval,
which approval shall not be unreasonably withheld, and shall be required to comply with Landlord’s standard rules, regulations, policies and procedures, which may be revised from time to time. 

 

	7.	Movement in or out of the Building of furniture or office equipment, or dispatch or receipt by Tenant of merchandise or materials requiring the use of elevators,
stairways, lobby areas or loading dock areas, shall be restricted to hours reasonably designated by Landlord. Tenant shall obtain Landlord’s prior approval by providing a detailed listing of the activity, which approval shall not be
unreasonably withheld. If approved by Landlord, the activity shall be under the supervision of Landlord and performed in the manner required by Landlord. Tenant shall assume all risk for damage to articles moved and injury to any persons resulting
from the activity. If equipment, property, or personnel of Landlord or of any other party is damaged or injured as a result of or in connection with the activity, Tenant shall be solely liable for any resulting damage, loss or injury.

  

	8.	 Landlord shall have the right to approve the weight, size, or location of heavy equipment or articles in and about the Premises, which approval shall
not be unreasonably 

  
 Exhibit E 

1 

	 	 
withheld. Damage to the Building by the installation, maintenance, operation, existence or removal of Tenant’s Property shall be repaired at Tenant’s sole expense.

  

	9.	Corridor doors, when not in use, shall be kept closed. 

  

	10.	Tenant shall not: (1) make or permit any improper, objectionable or unpleasant noises or odors in the Building, or otherwise interfere in any way with other
tenants or persons having business with them; (2) solicit business or distribute or cause to be distributed, in any portion of the Building, handbills, promotional materials or other advertising; or (3) conduct or permit other activities
in the Building that might, in Landlord’s sole opinion, constitute a nuisance. 

  

	11.	No animals, except those assisting handicapped persons, shall be brought into the Building or kept in or about the Premises. 

 

	12.	No inflammable, explosive or dangerous fluids or substances shall be used or kept by Tenant in the Premises, Building or about the Property, except for those substances
as are typically found in similar premises used for general office purposes and are being used by Tenant in a safe manner and in accordance with all applicable Laws. Tenant shall not, without Landlord’s prior written consent, use, store,
install, spill, remove, release or dispose of, within or about the Premises or any other portion of the Property, any asbestos-containing materials or any solid, liquid or gaseous material now or subsequently considered toxic or hazardous under the
provisions of 42 U.S.C. Section 9601 et seq. or any other applicable environmental Law which may now or later be in effect. Tenant shall comply with all Laws pertaining to and governing the use of these materials by Tenant and shall remain
solely liable for the costs of abatement and removal. 

  

	13.	Tenant shall not use or occupy the Premises in any manner or for any purpose which might injure the reputation or impair the present or future value of the Premises or
the Building. Tenant shall not use, or permit any part of the Premises to be used for lodging, sleeping or for any illegal purpose. 

  

	14.	Tenant shall not take any action which would violate Landlord’s labor contracts or which would cause a work stoppage, picketing, labor disruption or dispute or
interfere with Landlord’s or any other tenant’s or occupant’s business or with the rights and privileges of any person lawfully in the Building (“Labor Disruption”). Tenant shall take the actions necessary to resolve
the Labor Disruption, and shall have pickets removed and, at the request of Landlord, immediately terminate any work in the Premises that gave rise to the Labor Disruption, until Landlord gives its written consent for the work to resume. Tenant
shall have no claim for damages against Landlord or any of the Landlord Related Parties nor shall the Commencement Date of the Term be extended as a result of the above actions. 

 

	15.	Tenant shall not install, operate or maintain in the Premises or in any other area of the Building, electrical equipment that would overload the electrical system
beyond its capacity for proper, efficient and safe operation as determined solely by Landlord. Tenant shall not furnish cooling or heating to the Premises, including, without limitation, the use of electric or gas heating devices, without
Landlord’s prior written consent. Tenant shall not use more than its proportionate share of telephone lines and other telecommunication facilities available to service the Building. 

 

	16.	Tenant shall not operate or permit to be operated a coin or token operated vending machine or similar device (including, without limitation, telephones, lockers,
toilets, scales, amusement devices and machines for sale of beverages, foods, candy, cigarettes and other goods), except for machines for the exclusive use of Tenant’s employees and invitees. 

 

	17.	Bicycles and other vehicles are not permitted inside the Building or on the walkways outside the Building, except in areas designated by Landlord.

  

	18.	Landlord may from time to time adopt systems and procedures for the security and safety of the Building and Property, its occupants, entry, use and contents. Tenant,
its agents, employees, contractors, guests and invitees shall comply with Landlord’s systems and procedures. 

  
 Exhibit E 

2 

	19.	Landlord shall have the right to prohibit the use of the name of the Building or any other publicity by Tenant that in Landlord’s sole opinion may impair the
reputation of the Building or its desirability. Upon written notice from Landlord, Tenant shall refrain from and discontinue such publicity immediately. 

  

	20.	Neither Tenant nor its agents, employees, contractors, guests or invitees shall smoke or permit smoking in the Common Areas, unless a portion of the Common Areas have
been declared a designated smoking area by Landlord, nor shall the above parties allow smoke from the Premises to emanate into the Common Areas or any other part of the Building. Landlord shall have the right to designate the Building (including the
Premises) as a non-smoking building. 

  

	21.	Landlord shall have the right to designate and approve standard window coverings for the Premises and to establish rules to assure that the Building presents a uniform
exterior appearance. Tenant shall ensure, to the extent reasonably practicable, that window coverings are closed on windows in the Premises while they are exposed to the direct rays of the sun. 

 

	22.	Deliveries to and from the Premises shall be made only at the times in the areas and through the entrances and exits reasonably designated by Landlord. Tenant shall not
make deliveries to or from the Premises in a manner that might interfere with the use by any other tenant of its premises or of the Common Areas, any pedestrian use, or any use which is inconsistent with good business practice.

  

	23.	The work of cleaning personnel shall not be hindered by Tenant after 5:30 P.M., and cleaning work may be done at any time when the offices
are vacant. Windows, doors and fixtures may be cleaned at any time. Tenant shall provide adequate waste and rubbish receptacles to prevent unreasonable hardship to the cleaning service. 

  
 Exhibit E 

3 

 EXHIBIT F 
 ADDITIONAL PROVISIONS 
 This Exhibit is attached to and made a part
of the Lease by and between EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company (“Landlord”) and ZILLOW, INC., a Washington corporation (“Tenant”) for space in the Building located
at 999 Third Avenue, Seattle, Washington. 
  

	1.	Parking. 

  

	 	1.01	During the Term, Tenant shall have the right but not the obligation to lease from Landlord, and Landlord agrees to lease to Tenant, from time to time on a
month-to-month basis (subject to termination by Tenant upon not less than 30 days’ prior written notice to Landlord), up to a maximum of 6 unreserved parking spaces (the “Primary Spaces”) in the Building garage (the
“Parking Facility”) for the use of Tenant and its employees. If Tenant terminates its lease of any of such Primary Spaces, Tenant may thereafter re-lease such Primary Spaces upon 30 days’ prior written notice to Landlord. In
addition, if, from time to time during the Term, any additional unreserved parking spaces (“Additional Spaces”, together with the Primary Spaces, collectively, the “Spaces”) in the Parking Facility become available
for lease to Tenant (as determined by Landlord in its sole and absolute discretion), then, upon written request to Landlord, Tenant may lease such Additional Spaces from Landlord, and Landlord shall lease such Additional Spaces to Tenant, for the
use of Tenant and its employees. Any such lease of Additional Spaces shall be on a month-to-month basis, subject to termination by either party upon 30 days’ prior written notice to the other party. Either party may terminate any such lease of
Additional Spaces for any reason whatsoever; provided, however, that Landlord may not terminate any such lease unless Landlord determines, in its sole and absolute discretion, that the subject Additional Spaces are no longer available for lease to
Tenant, including, without limitation, because Landlord desires to lease such Additional Spaces to one or more other parties or otherwise convert such Additional Spaces to other purposes. No deductions or allowances shall be made for days when
Tenant or any of its employees does not utilize the Parking Facility or for Tenant utilizing less than all of the Spaces. Tenant shall not have the right to lease or otherwise use more than the number of reserved and unreserved Spaces set forth
above. 

  

	 	1.02.	During the initial Term, Tenant shall pay to Landlord, as Additional Rent in accordance with Section 4 of the Lease, the sum of $275.00 per month, plus applicable
tax thereon, if any, for each Space leased by Tenant hereunder, as such rate may be adjusted from time-to-time to reflect the then current rates for parking in the Parking Facility. During the initial Term, Tenant shall pay to Landlord, as
Additional Rent in accordance with Section 4 of the Lease, or, at Landlord’s option, to Landlord’s affiliate, the sum of $275.00 per month, plus applicable tax thereon, if any, for each Additional Space leased by Tenant hereunder, as
such rate may be adjusted from time-to-time to reflect the then current rates for parking in the parking facility in which the Additional Spaces are located. 

 

	 	1.03.	Except for particular spaces and areas designated by Landlord for reserved parking, all parking in the Parking Facility shall be on an unreserved, first-come,
first-served basis. 

  

	 	1.04.	Landlord shall not be responsible for money, jewelry, automobiles or other personal property lost in or stolen from the Parking Facility regardless of whether such loss
or theft occurs when the Parking Facility or any areas therein are locked or otherwise secured. Except as caused by the negligence or willful misconduct of Landlord and without limiting the terms of the preceding sentence, Landlord shall not be
liable for any loss, injury or damage to persons using the Parking Facility or automobiles or other property therein, it being agreed that, to the fullest extent permitted by law, the use of the Spaces shall be at the sole risk of Tenant and its
employees. 

  

	 	1.05.	 Landlord shall have the right from time to time to designate the location of the

  
 Exhibit F 

1 

	 	 
Spaces and to promulgate reasonable rules and regulations regarding the Parking Facility, if any, the Spaces and the use thereof, including, but not limited to, rules and regulations controlling
the flow of traffic to and from various parking areas, the angle and direction of parking and the like. Tenant shall comply with and cause its employees to comply with all such rules and regulations as well as all reasonable additions and amendments
thereto. 

  

	 	1.06.	Tenant shall not store or permit its employees to store any automobiles in the Parking Facility for more than 48 consecutive hours unless Tenant has provided Landlord
with prior notice of the license plate numbers and models of such automobiles. Except for emergency repairs, Tenant and its employees shall not perform any work on any automobiles while located in the Parking Facility or on the Property; Landlord
may require that Tenant provide Landlord the license plate number and model of such automobile. 

  

	 	1.07.	Landlord shall have the right to temporarily close the Parking Facility or certain areas therein in order to perform necessary repairs, maintenance and improvements to
the Parking Facility or any portion thereof. 

  

	 	1.08.	Tenant shall not assign or sublease any of the Spaces without the consent of Landlord. Landlord shall have the right to terminate the parking agreement set forth in
this Section 1 with respect to any Spaces that Tenant desires to sublet or assign. 

  

	 	1.09.	Landlord may elect to provide parking cards or keys to control access to the Parking Facility. In such event, Tenant shall be provided with one card or key for each
Space that Tenant is leasing hereunder, provided that Landlord shall have the right to require Tenant or its employees to place a deposit on such access cards or keys and to pay a fee for any lost or damaged cards or keys. 

 

	 	1.10.	Landlord hereby reserves the right to enter into a management agreement or lease with an entity for all or any portion of the Parking Facility (a “Parking
Facility Operator”). In such event, Tenant, upon request of Landlord, shall enter into a parking agreement with such Parking Facility Operator and, notwithstanding anything else herein to the contrary, Tenant shall pay such Parking Facility
Operator, rather than Landlord, the monthly charge established hereunder for the Spaces located in the portion of the Parking Facility covered by such parking agreement, and Landlord shall have no liability for claims arising through acts or
omissions of any Parking Facility Operator unless caused by Landlord’s negligence or willful misconduct. It is understood and agreed that the identity of any Parking Facility Operator may change from time to time during the Term. In connection
therewith, any parking lease or agreement entered into between Tenant and any Parking Facility Operator shall be freely assignable by such Parking Facility Operator or any successors thereto. 

 

	2.	Letter of Credit. 

  

	 	2.01.	 General Provisions. Concurrently with Tenant’s execution of this Lease, Tenant shall deliver to Landlord, as collateral for the full
performance by Tenant of all of its obligations under this Lease and for all losses and damages Landlord may suffer as a result of Tenant’s failure to comply with one or more provisions of this Lease, a standby, unconditional,
irrevocable, transferable letter of credit (the “Letter of Credit”) in the form of Exhibit G hereto and containing the terms required herein, in the face amount of $100,000.00 (the “Letter of Credit
Amount”), naming Landlord as beneficiary, issued (or confirmed) by a financial institution acceptable to Landlord in Landlord’s sole discretion, permitting multiple and partial draws thereon, and otherwise in form acceptable to
Landlord in its sole discretion. Landlord hereby approves Wells Fargo Bank, N.A., as the issuer of the Letter of Credit. Tenant shall cause the Letter of Credit to be continuously maintained in effect (whether through replacement, renewal or
extension) in the Letter of Credit Amount through the date (the “Final LC Expiration Date”) that is 60 days after the scheduled expiration date of the Term or any renewal Term. If the Letter of Credit held by Landlord expires
earlier than the Final LC Expiration Date (whether by reason of a stated expiration date or a notice of termination or non-renewal given by the issuing bank), Tenant shall deliver a new Letter of Credit or certificate of renewal or extension (a
“Renewal or Replacement LC”) 

  
 Exhibit F 

2 

	 	 
to Landlord not later than 60 days prior to the expiration date of the Letter of Credit then held by Landlord. Any Renewal or Replacement LC shall comply with all of the provisions of this
Section 2, shall be irrevocable, transferable and shall remain in effect (or be automatically renewable) through the Final LC Expiration Date upon the same terms as the expiring Letter of Credit or such other terms as may be acceptable to
Landlord in its sole discretion. 

  

	 	2.02.	Drawings under Letter of Credit. Upon Tenant’s Default, or as otherwise specifically agreed by Landlord and Tenant pursuant to this Lease or any amendment
hereof, Landlord may, without prejudice to any other remedy provided in this Lease or by Law, draw on the Letter of Credit and use all or part of the proceeds to (a) satisfy any amounts due to Landlord from Tenant, and (b) satisfy any
other damage, injury, expense or liability caused by such Default. In addition, if Tenant fails to furnish a Renewal or Replacement LC complying with all of the provisions of this Section 2 at least 60 days prior to the stated expiration date
of the Letter of Credit then held by Landlord, Landlord may draw upon such Letter of Credit and hold the proceeds thereof (and such proceeds need not be segregated) in accordance with the terms of this Section 2 (the “LC Proceeds
Account”). 

  

	 	2.03.	Use of Proceeds by Landlord. The proceeds of the Letter of Credit shall constitute Landlord’s sole and separate property (and not Tenant’s property or
the property of Tenant’s bankruptcy estate) and Landlord may immediately upon any draw (and without notice to Tenant) apply or offset the proceeds of the Letter of Credit: (a) against any Rent payable by Tenant under this Lease that is not
paid when due; (b) against all losses and damages that Landlord has suffered or that Landlord reasonably estimates that it may suffer as a result of Tenant’s Default; (c) against any costs incurred by Landlord in connection with the
Lease (including attorneys’ fees); and (d) against any other amount that Landlord may spend or become obligated to spend by reason of Tenant’s Default. Provided Tenant has performed all of its obligations under this Lease, Landlord
agrees to pay to Tenant within 30 days after the Final LC Expiration Date the amount of any proceeds of the Letter of Credit received by Landlord and not applied as allowed above; provided, that if prior to the Final LC Expiration Date a voluntary
petition is filed by Tenant or any Guarantor, or an involuntary petition is filed against Tenant or any Guarantor by any of Tenant’s or Guarantor’s creditors, under the Federal Bankruptcy Code, then Landlord shall not be obligated to make
such payment in the amount of the unused Letter of Credit proceeds until either all preference issues relating to payments under this Lease have been resolved in such bankruptcy or reorganization case or such bankruptcy or reorganization case has
been dismissed, in each case pursuant to a final court order not subject to appeal or any stay pending appeal. 

  

	 	2.04.	Additional Covenants of Tenant. If, as result of any application or use by Landlord of all or any part of the Letter of Credit, the amount of the Letter of
Credit shall be less than the Letter of Credit Amount, Tenant shall, within 5 days thereafter, provide Landlord with additional letter(s) of credit in an amount equal to the deficiency (or a replacement letter of credit in the total Letter of Credit
Amount), and any such additional (or replacement) letter of credit shall comply with all of the provisions of this Section 2, and if Tenant fails to comply with the foregoing, notwithstanding anything to the contrary contained in this Lease,
the same shall constitute an incurable Default by Tenant. Tenant further covenants and warrants that it will neither assign nor encumber the Letter of Credit or any part thereof and that neither Landlord nor its successors or assigns will be bound
by any such assignment, encumbrance, attempted assignment or attempted encumbrance. 

  

	 	2.05.	 Nature of Letter of Credit. Landlord and Tenant (a) acknowledge and agree that in no event or circumstance shall the Letter of Credit or
any renewal thereof or substitute therefor or any proceeds thereof (including the LC Proceeds Account) be deemed to be or treated as a “security deposit” under any Law applicable to security deposits in the commercial context
(“Security Deposit Laws”), (b) acknowledge and agree that the Letter of Credit (including any renewal thereof or substitute therefor or any proceeds thereof) is not intended to serve as a security deposit, and the Security
Deposit Laws shall have no applicability or relevancy thereto, and (c) waive any and all rights, duties and obligations either 

  
 Exhibit F 

3 

	 	 
party may now or, in the future, will have relating to or arising from the Security Deposit Laws. 

 

	 	2.06.	Reduction in Letter of Credit Amount. Provided that, during the12 month period immediately preceding the effective date of any reduction of the Letter of
Credit, Tenant has timely paid all Rent and no default has occurred under this Lease which remains uncured following any applicable cure period (the “LC Reduction Conditions”), Tenant may reduce the Letter of Credit Amount so that
the reduced Letter of Credit Amounts will be as follows: (a) $75,000.00 effective as of July 1, 2006; and (b) $50,000.00 effective as of July 1, 2007. If Tenant is not entitled to reduce the Letter of Credit Amount as of a
particular reduction effective date due to Tenant’s failure to satisfy the LC Reduction Conditions described above, then any subsequent reduction(s) Tenant is entitled to hereunder shall be reduced by the amount of the reduction Tenant would
have been entitled to had Tenant satisfied the LC Reduction Conditions necessary for such earlier reduction. Notwithstanding anything to the contrary contained herein, if Tenant has been in default under this Lease at any time prior to the effective
date of any reduction of the Letter of Credit Amount and Tenant has failed to cure such default within any applicable cure period, then Tenant shall have no further right to reduce the Letter of Credit Amount as described herein. Any reduction in
the Letter of Credit Amount shall be accomplished by Tenant providing Landlord with a substitute letter of credit in the reduced amount or an amendment to the existing Letter of Credit reflecting the reduced amount. 

 

	3.	Right of First Offer. 

  

	 	3.01.	 Grant of Option; Conditions. Tenant shall have the one-time right of first offer (the “Right of First Offer”) with respect to
each portion of (i) the approximately 8,114 rentable square feet known as Suite 4150 on the 41st floor of the Building, and (ii) the 1,298 rentable square feet known as Suite 4120 on the 41st floor of the Building, each shown on the demising plan attached hereto as Exhibit H (each such Suite, or
portion of such Suite, a “Potential Offering Space”). Tenant’s Right of First Offer shall be exercised as follows: at any time after Landlord has determined that any Potential Offering Space has become Available (defined
below), but prior to leasing such Potential Offering Space to a party other than any existing tenant thereof, Landlord shall advise Tenant (the “Advice”) of the terms under which Landlord is prepared to lease such Potential Offering
Space (an “Offering Space”) to Tenant for the remainder of the Term, which terms shall reflect the Prevailing Market (hereinafter defined) rate for such Offering Space as reasonably determined by Landlord. For purposes hereof, a
Potential Offering Space shall be deemed to become “Available” as follows: (i) if such Potential Offering Space is not under lease to a third party as of the date of mutual execution and delivery of the Lease, such Potential
Offering Space shall be deemed to first become Available when Landlord has located a prospective tenant that may be interested in leasing such Potential Offering Space; and (ii) thereafter, or if such Potential Offering Space is under lease to
a third party as of the date of mutual execution and delivery of the Lease, such Potential Offering Space shall be deemed to become Available when Landlord has determined that the third-party tenant of such Potential Offering Space will not extend
or renew the term of its lease, or enter into a new lease, for such Potential Offering Space. Landlord and Tenant each acknowledge that, as of the date of this Lease, Suite 4120 is occupied and under lease to Paloma Securities, LLLC, and Suite 4150
is unoccupied and not leased. Tenant may lease any Offering Space in its entirety only, under such terms, by delivering written notice of exercise to Landlord (the “Notice of Exercise”) within 5 Business Days after the date of the
Advice, except that Tenant shall have no such Right of First Offer and Landlord need not provide Tenant with an Advice with respect to any Potential Offering Space, if: 

 

	 	(a)	Tenant is in default under the Lease beyond any applicable cure periods at the time that Landlord would otherwise deliver the Advice; or 

 

	 	(b)	the Premises, or any portion thereof, is sublet (other than pursuant to a Permitted Transfer, as defined in Section 11 of the Lease) at the time Landlord would
otherwise deliver the Advice; or 

  
 Exhibit F 

4 

	 	(c)	the Lease has been assigned (other than pursuant to a Permitted Transfer, as defined in Section 11 of the Lease) prior to the date Landlord would otherwise deliver
the Advice; or 

  

	 	(d)	Tenant is not occupying the Premises on the date Landlord would otherwise deliver the Advice; or 

 

	 	(e)	such Potential Offering Space is not intended for the exclusive use of Tenant during the Term. 

 

	 	3.02.	Terms for Offering Space. 

  

	 	(a)	The term for the Offering Space shall commence upon the commencement date stated in the Advice (and shall terminate upon the termination date stated in the Advice), and
thereupon such Offering Space shall be considered a part of the Premises, provided that all of the terms stated in the Advice shall govern Tenant’s leasing of the Offering Space and only to the extent that they do not conflict with the Advice,
the terms and conditions of this Lease shall apply to the Offering Space. 

  

	 	(b)	Tenant shall pay Base Rent and Additional Rent for the Offering Space in accordance with the terms and conditions of the Advice, which terms and conditions shall
reflect the Prevailing Market rate for the Offering Space as determined in Landlord’s reasonable judgment. 

  

	 	(c)	The Offering Space (including improvements and personalty, if any) shall be accepted by Tenant in its condition and as-built configuration existing on the earlier of
the date Tenant takes possession of the Offering Space or as of the date the term for such Offering Space commences, unless the Advice specifies any work to be performed by Landlord in the Offering Space, in which case Landlord shall perform such
work in the Offering Space. If Landlord is delayed delivering possession of the Offering Space due to the holdover or unlawful possession of such space by any party, Landlord shall use reasonable efforts to obtain possession of the space, and the
commencement of the term for the Offering Space shall be postponed until the date Landlord delivers possession of the Offering Space to Tenant free from occupancy by any party. 

 

	 	3.03.	Termination of Right of First Offer. The rights of Tenant hereunder with respect to any Potential Offering Space which becomes Available shall terminate on the
earlier to occur of: (i) the date occurring one (1) year before the scheduled Termination Date (unless Tenant has exercised its Renewal Option, defined below, and has timely delivered to Landlord a Binding Notice, defined below), in which
event the date shall be one (1) year before the scheduled expiration date of the Renewal Term); (ii) Tenant’s failure to exercise its Right of First Offer with respect to such Potential Offering Space within the 5 Business Day period
provided in Section 3.01 above; and (iii) the date Landlord would have provided Tenant an Advice for such Potential Offering Space if Tenant had not been in violation of one or more of the conditions set forth in Section 3.01 above.
In addition, if Landlord provides Tenant with an Advice for any Offering Space that contains expansion rights (whether such rights are described as an expansion option, right of first refusal, right of first offer or otherwise) with respect to any
other Potential Offering Space (such other Potential Offering Space subject to such expansion rights is referred to herein as an “Encumbered Potential Offering Space”) and Tenant does not exercise its Right of First Offer to lease
such Offering Space pursuant to the Advice, Tenant’s Right of First Offer with respect to the Encumbered Potential Offering Space shall be subject and subordinate to all such expansion rights contained in the Advice. 

 

	 	3.04.	 Offering Amendment. If Tenant exercises its Right of First Offer, Landlord shall prepare an amendment (the “Offering
Amendment”) adding the Offering Space to the Premises on the terms set forth in the Advice and reflecting the changes in the Base Rent, Rentable Square Footage of the Premises, Tenant’s Pro Rata Share and other appropriate terms. A
copy of the Offering Amendment shall be sent to Tenant within a reasonable time after Landlord’s receipt of the Notice of Exercise executed by Tenant, and Tenant shall execute and return the Offering

  
 Exhibit F 

5 

	 	 
Amendment to Landlord within 15 days thereafter, but an otherwise valid exercise of the Right of First Offer shall be fully effective whether or not the Offering Amendment is executed.

  

	 	3.05.	Definition of Prevailing Market. For purposes of this Right of First Offer provision, “Prevailing Market” shall mean the annual rental rate per square
foot for space comparable to the Offering Space in the Building and office buildings comparable to the Building in the Seattle central business district under leases and renewal and expansion amendments being entered into at or about the time that
Prevailing Market is being determined, giving appropriate consideration to tenant concessions, brokerage commissions, tenant improvement allowances, existing improvements in the space in question, and the method of allocating operating expenses and
taxes. Notwithstanding the foregoing, space leased under any of the following circumstances shall not be considered to be comparable for purposes hereof: (i) the lease term is for less than the lease term of the Offering Space, (ii) the
space is encumbered by the option rights of another tenant, or (iii) the space has a lack of windows and/or an awkward or unusual shape or configuration. The foregoing is not intended to be an exclusive list of space that will not be considered
to be comparable. 

  

	 	3.06.	Subordination. Notwithstanding anything herein to the contrary, Tenant’s Right of First Offer is subject and subordinate to the expansion rights (whether
such rights are designated as a right of first offer, right of first refusal, expansion option or otherwise) of the following tenants of the Building: Wells Fargo Bank, NA; Ragen MacKenzie; and Mundt MacGregor L.P. 

 

	4.	Renewal Option. 

  

	 	4.01	Grant of Option; Conditions. Tenant shall have the right to extend the Term (the “Renewal Option”) for one additional period of 3 years
commencing on July 1, 2008 and ending on June 30, 2011 (the “Renewal Term”), if: 

  

	 	(a)	Landlord receives notice of exercise (“Initial Renewal Notice”) not later than June 30, 2007, and not earlier than April 1, 2007; and

  

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

  

	 	(c)	No part of the Premises is sublet (other than pursuant to a Permitted Transfer, as defined in Article 11 of the Lease) at the time that Tenant delivers its Initial
Renewal Notice or at the time Tenant delivers its Binding Notice; and 

  

	 	(d)	The Lease has not been assigned (other than pursuant to a Permitted Transfer, as defined in Article 11 of the Lease) prior to the date that Tenant delivers its
Initial Renewal Notice or prior to the date Tenant delivers its Binding Notice. 

  

	 	4.02	Terms Applicable to Premises During Renewal Term. 

  

	 	(a)	The initial Base Rent rate per rentable square foot for the Premises during the Renewal Term shall equal the Prevailing Market (hereinafter defined) rate per rentable
square foot for the Premises. Base Rent during the Renewal Term shall increase, if at all, in accordance with the increases assumed in the determination of Prevailing Market rate. Base Rent attributable to the Premises shall be payable in monthly
installments in accordance with the terms and conditions of Article 4 of the Lease. 

  

	 	(b)	Tenant shall pay Additional Rent (i.e., Expenses and Taxes) for the Premises during the Renewal Term in accordance with Article 4 and Exhibit B of the Lease, and
the manner and method in which Tenant reimburses Landlord for Tenant’s share of Taxes and Expenses and the Base Year, if any, applicable to such matter, shall be some of the factors considered in determining the Prevailing Market rate for the
Renewal Term. 

  
 Exhibit F 

6 

	 	4.03	Procedure for Determining Prevailing Market. Within 30 days after receipt of Tenant’s Initial Renewal Notice, Landlord shall advise Tenant of the applicable
Base Rent rate for the Premises for the Renewal Term. Tenant, within 15 days after the date on which Landlord advises Tenant of the applicable Base Rent rate for the Renewal Term, shall either (i) give Landlord final binding written notice
(“Binding Notice”) of Tenant’s exercise of its Renewal Option, or (ii) if Tenant disagrees with Landlord’s determination, provide Landlord with written notice of rejection (the “Rejection Notice”). If
Tenant fails to provide Landlord with either a Binding Notice or Rejection Notice within such 15 day period, Tenant’s Renewal Option shall be null and void and of no further force and effect. If Tenant provides Landlord with a Binding Notice,
Landlord and Tenant shall enter into the Renewal Amendment (as defined below) upon the terms and conditions set forth herein. If Tenant provides Landlord with a Rejection Notice, Landlord and Tenant shall work together in good faith to agree upon
the Prevailing Market rate for the Premises during the Renewal Term. Upon agreement, Tenant shall provide Landlord with Binding Notice and Landlord and Tenant shall enter into the Renewal Amendment in accordance with the terms and conditions hereof.
Notwithstanding the foregoing, if Landlord and Tenant fail to agree upon the Prevailing Market rate within 30 days after the date Tenant provides Landlord with the Rejection Notice, Tenant, by written notice to Landlord (the “Arbitration
Notice”) within 5 days after the expiration of such 30 day period, shall have the right to have the Prevailing Market rate determined in accordance with the arbitration procedures described in Section 4.04 below. If Landlord and Tenant
fail to agree upon the Prevailing Market rate within the 30 day period described and Tenant fails to timely exercise its right to arbitrate, Tenant’s Renewal Option shall be deemed to be null and void and of no further force and effect.

  

	 	4.04	Arbitration Procedure. 

  

	 	(a)	If Tenant provides Landlord with an Arbitration Notice, Landlord and Tenant, within 5 days after the date of the Arbitration Notice, shall each simultaneously submit to
the other, in a sealed envelope, its good faith estimate of the Prevailing Market rate for the Premises during the Renewal Term (collectively referred to as the “Estimates”). If the higher of such Estimates is not more than 105% of
the lower of such Estimates, then Prevailing Market rate shall be the average of the two Estimates. If the Prevailing Market rate is not resolved by the exchange of Estimates, then, within 7 days after the exchange of Estimates, Landlord and Tenant
shall each select an appraiser to determine which of the two Estimates most closely reflects the Prevailing Market rate for the Premises during the Renewal Term. Each appraiser so selected shall be certified as an MAI appraiser or as an ASA
appraiser and shall have had at least 5 years experience within the previous 10 years as a real estate appraiser working in the Seattle central business district, with working knowledge of current rental rates and practices. For purposes hereof, an
“MAI” appraiser means an individual who holds an MAI designation conferred by, and is an independent member of, the American Institute of Real Estate Appraisers (or its successor organization, or in the event there is no successor
organization, the organization and designation most similar), and an “ASA” appraiser means an individual who holds the Senior Member designation conferred by, and is an independent member of, the American Society of Appraisers (or its
successor organization, or, in the event there is no successor organization, the organization and designation most similar). 

  

	 	(b)	 Upon selection, Landlord’s and Tenant’s appraisers shall work together in good faith to agree upon which of the two Estimates most closely
reflects the Prevailing Market rate for the Premises. The Estimate chosen by such appraisers shall be binding on both Landlord and Tenant as the Base Rent rate for the Premises during the Renewal Term. If either Landlord or Tenant fails to appoint
an appraiser within the 7 day period referred to above, the appraiser appointed by the other party shall be the sole appraiser for the purposes hereof. If the two appraisers cannot agree upon which of the two Estimates most closely reflects the
Prevailing Market within 20 days after their appointment, then, within 10 

  
 Exhibit F 

7 

	 	 
days after the expiration of such 20 day period, the two appraisers shall select a third appraiser meeting the aforementioned criteria. Once the third appraiser (i.e. arbitrator) has been
selected as provided for above, then, as soon thereafter as practicable but in any case within 14 days, the arbitrator shall make his determination of which of the two Estimates most closely reflects the Prevailing Market rate and such Estimate
shall be binding on both Landlord and Tenant as the Base Rent rate for the Premises. If the arbitrator believes that expert advice would materially assist him, he may retain one or more qualified persons to provide such expert advice. The parties
shall share equally in the costs of the arbitrator and of any experts retained by the arbitrator. Any fees of any appraiser, counsel or experts engaged directly by Landlord or Tenant, however, shall be borne by the party retaining such appraiser,
counsel or expert. 

  

	 	(c)	If the Prevailing Market rate has not been determined by the commencement date of the Renewal Term, Tenant shall pay Base Rent upon the terms and conditions in effect
during the last month of the initial Term for the Premises until such time as the Prevailing Market rate has been determined. Upon such determination, the Base Rent for the Premises shall be retroactively adjusted to the commencement of the Renewal
Term for the Premises. If such adjustment results in an underpayment of Base Rent by Tenant, Tenant shall pay Landlord the amount of such underpayment within 30 days after the determination thereof. If such adjustment results in an overpayment of
Base Rent by Tenant, Landlord shall credit such overpayment against the next installment of Base Rent due under the Lease and, to the extent necessary, any subsequent installments, until the entire amount of such overpayment has been credited
against Base Rent. 

  

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

  

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

 

	 	4.07	Subordination. Notwithstanding anything herein to the contrary, Tenant’s Renewal Option is subject and subordinate to the expansion rights (whether such
rights are designated as a right of first offer, right of first refusal, expansion option or otherwise) of the following tenants of the Building: Wells Fargo Bank, NA; Ragen MacKenzie; and Mundt MacGregor L.P. 

 

	5.	Acceleration Option. 

  

	 	5.01.	 Tenant shall have the one-time right to accelerate the Termination Date (“Acceleration Option”) of the Lease, with respect to the
entire Premises only, 

  
 Exhibit F 

8 

	 	 
from the scheduled Termination Date to the date occurring 18 months before the scheduled Termination Date (the “Accelerated Termination Date”), if: 

 

	 	(a)	Tenant is not in default under the Lease at the date Tenant provides Landlord with an Acceleration Notice (hereinafter defined); and 

 

	 	(b)	no part of the Premises is sublet for a term extending past the Accelerated Termination Date; and 

 

	 	(c)	the Lease has not been assigned (other than a Permitted Transfer); and 

  

	 	(d)	Landlord receives notice of acceleration (“Acceleration Notice”) not less than 6 full calendar months prior to the Accelerated Expiration Date and not
more than 12 full calendar months prior to the Accelerated Expiration Date. 

  

	 	5.02.	If Tenant exercises its Acceleration Option, Tenant, shall pay to Landlord an amount equal to the unamortized portion of the commissions paid to Tenant’s Broker
(which initial amount shall not exceed 5% of total Rent due during the Term) and to Landlord’s Broker (which amount shall not exceed 2.5% of total Rent due during the Term), and the Allowance incurred by Landlord in connection with this Lease,
assuming such sum was amortized, together with interest at a rate of 9% per annum, from the date of payment of such concessions over the 36 months of the initial Term, plus 3 months’ Rent for the Premises, at the rate payable as of the
Accelerated Termination Date (collectively, the “Acceleration Fee”) as a fee in connection with the acceleration of the Termination Date and not as a penalty, provided that the Acceleration Fee shall be increased by an amount equal
to the unamortized portion of any concessions, real estate brokerage commissions, tenant improvement allowances or other expenses incurred by Landlord in connection with any additional space leased by Tenant that is subject to acceleration
hereunder, plus 3 months’ Rent for the Premises, at the rate payable as of the Accelerated Termination Date. Tenant shall remain liable for all Base Rent, Additional Rent and other sums due under the Lease up to and including the Accelerated
Expiration Date even though billings for such may occur subsequent to the Accelerated Expiration Date. Within 30 days of receipt of the Acceleration Notice from Tenant, Landlord shall present to Tenant an invoice for the Acceleration Fee, calculated
pursuant to the terms of this Section 5.02, and Tenant shall pay such Acceleration Fee to Landlord within 30 days of receipt of said invoice from Landlord. 

 

	 	5.03.	If Tenant, subsequent to providing Landlord with an Acceleration Notice, defaults in any of the provisions of this Lease (including, without limitation, a failure to
pay any installment of the Acceleration Fee due hereunder), Landlord, at its option, may (i) declare Tenant’s exercise of the Acceleration Option to be null and void, and any Acceleration Fee paid to Landlord shall be returned to Tenant,
after first applying such Acceleration Fee against any past due Rent under the Lease, or (ii) continue to honor Tenant’s exercise of its Acceleration Option, in which case, Tenant shall remain liable for the payment of the Acceleration Fee
and for all Base Rent, Additional Rent and other sums due under the Lease up to and including the Accelerated Termination Date even though billings for such may occur subsequent to the Accelerated Termination Date. 

 

	 	5.04.	As of the date Tenant provides Landlord with an Acceleration Notice, any unexercised rights or options of Tenant to renew the Term of the Lease or to expand the
Premises (whether expansion options, rights of first or second refusal, rights of first or second offer, or other similar rights), and any outstanding tenant improvement allowance not claimed and properly utilized by Tenant in accordance with the
Lease as of such date, shall immediately be deemed terminated and no longer available or of any further force or effect. 

  
 Exhibit F 

9 

 EXHIBIT G 
 LETTER OF CREDIT 
  

					
		  	  
	  	
		  	[Name of Financial Institution]	  	

  

			
	Irrevocable Standby
	 Letter of Credit

	 No.
	 	
 

			
	 Issuance Date:
	 	
 

			
	 Expiration Date:
	 	
 

			
	 Applicant: ZILLOW, INC.

 Beneficiary 
 EOP-NORTHWEST PROPERTIES, L.L.C. 

c/o Equity Office 
 701 Fifth Avenue, Suite 4000

 Seattle, Washington 98104 
 Attn:
Property Manager, Wells Fargo Center 
 Ladies/Gentlemen: 
 We hereby establish our Irrevocable Standby Letter of Credit in your favor for the account of the above referenced Applicant in the amount of One Hundred Thousand and No/100 U.S. Dollars ($100,000.00)
available for payment at sight by your draft drawn on us when accompanied by the following documents: 
  

	1.	An original copy of this Irrevocable Standby Letter of Credit. 

  

	2.	Beneficiary’s dated statement purportedly signed by an authorized signatory or agent reading: This draw in the amount of
                     U.S. Dollars ($            ) under your
Irrevocable Standby Letter of Credit No.                      represents funds due and owing pursuant to the terms of that certain lease dated
                    , 2005 by and between EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company, as landlord, and ZILLOW,
INC., a Washington corporation, as tenant, and/or any amendment to the lease or any other agreement between such parties related to the lease.” 

 It is a condition of this Irrevocable Standby Letter of Credit that it will be considered automatically renewed for a one year period upon the expiration date set forth above and upon each anniversary of
such date, unless at least 60 days prior to such expiration date or applicable anniversary thereof, we notify you in writing, by certified mail return receipt requested or by recognized overnight courier service, that we elect not to so renew this
Irrevocable Standby Letter of Credit. A copy of any such notice shall also be sent, in the same manner, to: Equity Office Properties Trust, 2 North Riverside Plaza, Suite 2100, Chicago, Illinois 60606, Attention: Treasury Department. In addition,
provided that you have not provided us with written notice, prior to the effective date of any reduction, that Applicant has failed to satisfy the conditions required under the Lease in order to reduce the amount of this Irrevocable Standby Letter
of Credit, the amount of this Irrevocable Standby Letter of Credit shall automatically reduce in accordance with the following schedule: 

  
 Exhibit G 

1 

					
	 Effective Date of Reduction
	  	New Reduced Amount of Letter of Credit	 
	 July 1, 2006
	  	$	75,000.00	  
	 July 1, 2007
	  	$	50,000.00	  

 In addition to the
foregoing, we understand and agree that you shall be entitled to draw upon this Irrevocable Standby Letter of Credit in accordance with 1. and 2. above in the event that we elect not to renew this Irrevocable Standby Letter of Credit and, in
addition, you provide us with a dated statement purportedly signed by an authorized signatory or agent of Beneficiary stating that the Applicant has failed to provide you with an acceptable substitute irrevocable standby letter of credit in
accordance with the terms of the above referenced lease. We further acknowledge and agree that: (a) upon receipt of the documentation required herein, we will honor your draws against this Irrevocable Standby Letter of Credit without inquiry
into the accuracy of Beneficiary’s signed statement and regardless of whether Applicant disputes the content of such statement; (b) this Irrevocable Standby Letter of Credit shall permit partial draws and, in the event you elect to draw
upon less than the full stated amount hereof, the stated amount of this Irrevocable Standby Letter of Credit shall be automatically reduced by the amount of such partial draw; and (c) you shall be entitled to transfer your interest in this
Irrevocable Standby Letter of Credit from time to time and more than one time without our approval and without charge. In the event of a transfer, we reserve the right to require reasonable evidence of such transfer as a condition to any draw
hereunder. 
 This Irrevocable Standby Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits
(1993 revision) ICC Publication No. 500. 
 We hereby engage with you to honor drafts and documents drawn under and in
compliance with the terms of this Irrevocable Standby Letter of Credit. 
 All communications to us with respect to this
Irrevocable Standby Letter of Credit must be addressed to our office located at
                                        
to the attention of
                                        .

  

	
	Very truly yours,
	
	  

	
	 [name]

	
	 [title}

  
 Exhibit G 

2 

 EXHIBIT H 
 OFFERING SPACE 

 

 

  
 Exhibit H 

1First Amendment by and between EOP-Northwest Properties, L.L.C. and Zillow, Inc.

 Exhibit 10.8 
 FIRST AMENDMENT 
 THIS FIRST AMENDMENT (the
“Amendment”) is made and entered into as of November 10, 2005, by and between EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company (“Landlord”) and ZILLOW, INC., a Washington
corporation (“Tenant”). 
 RECITALS 

 

	A.	 Landlord and Tenant are parties to that certain lease dated March 1, 2005, which lease has not been previously amended (the
“Lease”). Pursuant to the Lease, Landlord has leased to Tenant space currently containing approximately 12,215 rentable square feet (the “Original Premises”) described as Suite 4100 on the 41st floor of the building commonly known as Wells Fargo Center, located
at 999 Third Avenue, Seattle, Washington (the “Building”). 

  

	B.	 Tenant has requested that additional space containing approximately 21,627 rentable square feet described as Suite 4600 on the 46th floor of the Building as shown on Exhibit A hereto
(collectively, the “Expansion Space”) be added to the Premises and that the Lease be appropriately amended and Landlord is willing to do the same on the following terms and conditions. 

 

	C.	The Lease by its terms shall expire on June 30, 2008 (“Prior Termination Date”), and the parties desire to extend the Term of the Lease, all on
the following terms and conditions. 

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

 

	1.	Extension. The Term of the Lease is hereby extended for a period of 56 months and shall expire on February 28, 2013 (“Extended Termination
Date”), unless sooner terminated in accordance with the terms of the Lease. That portion of the Term commencing the day immediately following the Prior Termination Date (“Extension Date”) and ending on the Extended
Termination Date shall be referred to herein as the “Extended Term”. 

  

	2.	Expansion. 

  

	 	2.01.	 Effective as of the Expansion Effective Date (defined below), the Premises, as defined in the Lease, is increased from 12,215 rentable square feet on
the 41st floor to 33,842 rentable square feet on
the 41st and 46th floors by the addition of the Expansion Space, and from and after
the Expansion Effective Date, the Original Premises and the Expansion Space, collectively, shall be deemed the Premises, as defined in the Lease. The Term for the Expansion Space shall commence on the Expansion Effective Date and end on the Extended
Termination Date. The Expansion Space is subject to all the terms and conditions of the Lease except as expressly modified herein and except that Tenant shall not be entitled to receive any allowances, abatements or other financial concessions
granted with respect to the Original Premises unless such concessions are expressly provided for herein with respect to the Expansion Space. 

  

	 	2.02.	The “Expansion Effective Date” shall be December 1, 2005; provided, however, that the Expansion Effective Date shall be delayed to the extent that
Landlord fails to deliver possession of the Expansion Space for any reason, including but not limited to, holding over by prior occupants. Any such delay in the Expansion Effective Date shall not subject Landlord to any liability for any loss or
damage resulting therefrom. The actual Expansion Effective Date shall be set forth in a confirmation letter to be prepared by Landlord substantially in the form of Exhibit D hereto. If the Expansion Effective Date is delayed, the Extended
Termination Date shall not be similarly extended. 

  
 1 

	3.	Base Rent. 

  

	 	3.01.	Original Premises 

  

	 	(1)	Original Premises Through Prior Termination Date. The Base Rent, Additional Rent and all other charges under the Lease shall be payable as provided therein with
respect to the Original Premises through and including the Prior Termination Date. 

  

	 	(2)	Original Premises From and After Extension Date. As of the Extension Date, the schedule of Base Rent payable with respect to the Original Premises during the
Extended Term is the following: 

  

									
	 Period
	  	Annual Rate Per
Square
Foot	 	  	Monthly Base
Rent	 
	 07/01/08 – 02/28/13
	  	$	25.85	  	  	$	26,313.15	  

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

	 	3.02.	Expansion Space From Expansion Effective Date Through Extended Termination Date. As of the Expansion Effective Date, the schedule of Base Rent payable with
respect to the Expansion Space for the balance of the original Term and the Extended Term is the following: 

  

									
	 Period
	  	Annual Rate Per
Square
Foot	 	  	Monthly Base
Rent	 
	 Expansion Effective Date – 02/28/07
	  	$	28.00	  	  	$	50,463.00	  
	 03/01/07 – 02/29/08
	  	$	29.00	  	  	$	52,265.25	  
	 03/01/08 – 02/28/09
	  	$	30.00	  	  	$	54,067.50	  
	 03/01/09 – 02/28/10
	  	$	31.00	  	  	$	55,869.75	  
	 03/01/10 – 02/28/11
	  	$	32.00	  	  	$	57,672.00	  
	 03/01/11 – 02/29/12
	  	$	33.00	  	  	$	59,474.25	  
	 03/01/12 – 02/28/13
	  	$	34.00	  	  	$	61,276.50	  

 All such Base Rent
shall be payable by Tenant in accordance with the terms of the Lease. 
 Notwithstanding anything in this Section to the
contrary, so long as Tenant is not in Default under the Lease, Tenant shall be entitled to an abatement of Base Rent with respect to the Expansion Space during the period (the “Base Rent Abatement Period”) commencing on the
Expansion Effective Date and expiring on the date (the “Expansion Rent Commencement Date”) that is the later to occur of (a) March 1, 2006 (the “Target Expansion Rent Commencement Date”), or (b) the
date upon which the Landlord Work (as defined in the Work Letter attached as Exhibit C hereto) in the Expansion Space has been substantially completed; provided, however, that if Landlord shall be delayed in substantially completing the
Landlord Work as a result of the occurrence of a Tenant Delay (defined below), then, for purposes of determining the Expansion Rent Commencement Date, the date of substantial completion shall be deemed to be the day that said Landlord Work would
have been substantially completed absent any such Tenant Delay(s). If Tenant Defaults at any time during the Term for the Expansion Space and fails to cure such Default within any applicable cure period under the Lease, all Base Rent abated during
the Base Rent Abatement Period (the “Abated Base Rent”) shall immediately become due and payable. The payment by Tenant of the Abated Base Rent in the event of a Default shall not limit or affect any of Landlord’s other rights,
pursuant to the Lease or at law or in equity. During the Base Rent Abatement Period, only Base Rent with respect to the Expansion Space shall be abated, and all Additional Rent and other costs and charges specified in the Lease shall remain as due
and payable pursuant to the provisions of the Lease. 

  
 2 

 As used herein, “Tenant Delay” means any act or omission of Tenant or its
agents, employees, vendors or contractors that actually delays substantial completion of the Landlord Work, including, without limitation, the following: 
  

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

  

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

  

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

 

	 	d.	The performance of work (including, without limitation, the installation of furniture, equipment or other personal property) in the Expansion Space by Tenant or
Tenant’s contractor(s) during the performance of the Landlord Work; 

  

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

  

	 	f.	Any occupancy of the Expansion Space by Tenant during the performance of the Landlord Work. 

The Landlord Work shall be deemed to be substantially completed on the date that Landlord reasonably determines that all Landlord Work
has been performed (or would have been performed absent any Tenant Delays), other than any details of construction, mechanical adjustment or any other matter, the noncompletion of which does not materially interfere with Tenant’s use of the
Expansion Space. The actual Expansion Rent Commencement Date shall be set forth in a confirmation letter to be prepared by Landlord substantially in the form of Exhibit D hereto. The adjustment of the Expansion Rent Commencement Date and,
accordingly, the postponement of Tenant’s obligation to pay Rent on the Expansion Space shall be Tenant’s sole remedy and shall constitute full settlement of all claims that Tenant might otherwise have against Landlord by reason of the
Expansion Space not being ready for occupancy by Tenant on the Target Expansion Rent Commencement. If the Expansion Rent Commencement Date is delayed beyond the Target Expansion Rent Commencement Date, the Extended Termination Date shall not be
similarly extended. 
  

	4.	Additional Security Deposit. None. 

  

	5.	Additional Letter of Credit. 

  

	 	5.01.	 General Provisions. Concurrently with Tenant’s execution of this Amendment, Tenant shall deliver to Landlord, as collateral for the
full performance by Tenant of all of its obligations under the Lease and this Amendment and for all losses and damages Landlord may suffer as a result of Tenant’s failure to comply with one or more provisions of the Lease as amended, a standby,
unconditional, irrevocable, transferable letter of credit (the “Second Letter of Credit”) in the form of Exhibit E hereto and containing the terms required herein, in the face amount of $540,675.00 (the “Second
Letter of Credit Amount”), naming Landlord as beneficiary, issued (or confirmed) by a financial institution acceptable to Landlord in Landlord’s sole discretion, permitting multiple and partial draws thereon, and otherwise in form
acceptable to Landlord in its sole discretion. Landlord hereby approves Wells Fargo Bank, N.A., as the issuer of the Second Letter of Credit. Tenant shall cause the Second Letter of Credit to be continuously maintained in effect (whether through
replacement, renewal or extension) in the Second Letter of Credit Amount through the date (the “Final 

  
 3 

	 	 
Second LC Expiration Date”) that is 60 days after the scheduled expiration date of the Extended Term or any renewal Term. If the Second Letter of Credit held by Landlord expires
earlier than the Final Second LC Expiration Date (whether by reason of a stated expiration date or a notice of termination or non-renewal given by the issuing bank), Tenant shall deliver a new Second Letter of Credit or certificate of renewal or
extension (a “Renewal or Replacement Second LC”) to Landlord not later than 60 days prior to the expiration date of the Second Letter of Credit then held by Landlord. Any Renewal or Replacement Second LC shall comply with all of the
provisions of this Section 5, shall be irrevocable, transferable and shall remain in effect (or be automatically renewable) through the Final Second LC Expiration Date upon the same terms as the expiring Second Letter of Credit or such other
terms as may be acceptable to Landlord in its sole discretion. 

  

	 	5.02.	Drawings under Second Letter of Credit. Upon Tenant’s Default, or as otherwise specifically agreed by Landlord and Tenant pursuant to the Lease or this
Amendment or any amendment hereof, Landlord may, without prejudice to any other remedy provided in the Lease or this Amendment or by Law, draw on the Second Letter of Credit and use all or part of the proceeds to (a) satisfy any amounts due to
Landlord from Tenant, and (b) satisfy any other damage, injury, expense or liability caused by such Default. In addition, if Tenant fails to furnish a Renewal or Replacement Second LC complying with all of the provisions of this Section 5
at least 60 days prior to the stated expiration date of the Second Letter of Credit then held by Landlord, Landlord may draw upon such Second Letter of Credit and hold the proceeds thereof (and such proceeds need not be segregated) in accordance
with the terms of this Section 5 (the “Second LC Proceeds Account”). 

  

	 	5.03.	Use of Proceeds by Landlord. The proceeds of the Second Letter of Credit shall constitute Landlord’s sole and separate property (and not Tenant’s
property or the property of Tenant’s bankruptcy estate) and Landlord may immediately upon any draw (and without notice to Tenant) apply or offset the proceeds of the Second Letter of Credit: (a) against any Rent payable by Tenant under the
Lease that is not paid when due; (b) against all losses and damages that Landlord has suffered or that Landlord reasonably estimates that it may suffer as a result of Tenant’s Default; (c) against any costs incurred by Landlord in
connection with the Lease (including attorneys’ fees); and (d) against any other amount that Landlord may spend or become obligated to spend by reason of Tenant’s Default. Provided Tenant has performed all of its obligations under the
Lease, Landlord agrees to pay to Tenant within 30 days after the Final Second LC Expiration Date the amount of any proceeds of the Second Letter of Credit received by Landlord and not applied as allowed above; provided, that if prior to the Final
Second LC Expiration Date a voluntary petition is filed by Tenant or any Guarantor, or an involuntary petition is filed against Tenant or any Guarantor by any of Tenant’s or Guarantor’s creditors, under the Federal Bankruptcy Code, then
Landlord shall not be obligated to make such payment in the amount of the unused Second Letter of Credit proceeds until either all preference issues relating to payments under this Lease have been resolved in such bankruptcy or reorganization case
or such bankruptcy or reorganization case has been dismissed, in each case pursuant to a final court order not subject to appeal or any stay pending appeal. 

 

	 	5.04.	Additional Covenants of Tenant. If, as result of any application or use by Landlord of all or any part of the Second Letter of Credit, the amount of the
Second Letter of Credit shall be less than the Second Letter of Credit Amount, Tenant shall, within 5 days thereafter, provide Landlord with additional letter(s) of credit in an amount equal to the deficiency (or a replacement letter of credit in
the total Second Letter of Credit Amount), and any such additional (or replacement) letter of credit shall comply with all of the provisions of this Section 5, and if Tenant fails to comply with the foregoing, notwithstanding anything to the
contrary contained in the Lease, the same shall constitute an incurable Default by Tenant. Tenant further covenants and warrants that it will neither assign nor encumber the Second Letter of Credit or any part thereof and that neither Landlord nor
its successors or assigns will be bound by any such assignment, encumbrance, attempted assignment or attempted encumbrance. 

  
 4 

	 	5.05.	Nature of Second Letter of Credit. Landlord and Tenant (a) acknowledge and agree that in no event or circumstance shall the Second Letter of Credit
or any renewal thereof or substitute therefor or any proceeds thereof (including the Second LC Proceeds Account) be deemed to be or treated as a “security deposit” under any Law applicable to security deposits in the commercial context
(“Security Deposit Laws”), (b) acknowledge and agree that the Second Letter of Credit (including any renewal thereof or substitute therefor or any proceeds thereof) is not intended to serve as a security deposit, and the
Security Deposit Laws shall have no applicability or relevancy thereto, and (c) waive any and all rights, duties and obligations either party may now or, in the future, will have relating to or arising from the Security Deposit Laws.

  

	 	5.06.	Reduction in Second Letter of Credit Amount. Provided that, during the 12 month period immediately preceding the effective date of any reduction of
the Second Letter of Credit, Tenant has timely paid all Rent and no default has occurred under the Lease which remains uncured following any applicable cure period (the “Second LC Reduction Conditions”), Tenant may reduce the Second
Letter of Credit Amount so that the reduced Second Letter of Credit Amounts will be as follows: (a) $415,675.00 effective as of December 1, 2009; (b) $290,675.00 as of December 1, 2010; and (c) $165,675.00 effective as of
December 1, 2011. If Tenant is not entitled to reduce the Second Letter of Credit Amount as of a particular reduction effective date due to Tenant’s failure to satisfy the Second LC Reduction Conditions described above, then any subsequent
reduction(s) Tenant is entitled to hereunder shall be reduced by the amount of the reduction Tenant would have been entitled to had Tenant satisfied the Second LC Reduction Conditions necessary for such earlier reduction. Notwithstanding anything to
the contrary contained herein, if Tenant has been in default under the Lease at any time prior to the effective date of any reduction of the Second Letter of Credit Amount and Tenant has failed to cure such default within any applicable cure period,
then Tenant shall have no further right to reduce the Second Letter of Credit Amount as described herein. Any reduction in the Second Letter of Credit Amount shall be accomplished by Tenant providing Landlord with a substitute letter of credit in
the reduced amount or an amendment to the existing Second Letter of Credit reflecting the reduced amount. 

  

	6.	Tenant’s Pro Rata Share. For the period commencing with the Expansion Effective Date and ending on the Extended Termination Date, Tenant’s Pro
Rata Share for the Expansion Space is 2.2992%. 

  

	7.	Expenses and Taxes. 

  

	 	7.01.	Original Premises. For the period commencing on December 1, 2005, and ending on the Extended Termination Date, Tenant shall pay for Tenant’s Pro Rata
Share of Expenses and Taxes applicable to the Original Premises in accordance with the terms of the Lease, provided, however, during such period, the Base Year for the computation of Tenant’s Pro Rata Share of Expenses and Taxes applicable to
the Original Premises is amended from 2005 to 2006. 

  

	 	7.02.	Expansion Space. For the period commencing with the Expansion Effective Date and ending on the Extended Termination Date, Tenant shall pay for Tenant’s Pro
Rata Share of Expenses and Taxes applicable to the Expansion Space in accordance with the terms of the Lease, provided, however, during such period, the Base Year for the computation of Tenant’s Pro Rata Share of Expenses and Taxes applicable
to the Expansion Space is 2006. 

  

	8.	Improvements to Expansion Space. 

  

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

  
 5 

	 	8.02	Responsibility for Improvements to Expansion Space. Landlord shall perform improvements to the Expansion Space in accordance with the Work Letter attached hereto
as Exhibit C. 

  

	9.	Early Access to Expansion Space. If Tenant is permitted to take possession of any of the Expansion Space before the Expansion Effective Date, such
possession shall be subject to the terms and conditions of the Lease and this Amendment and Tenant shall pay Base Rent and Additional Rent applicable to the respective Expansion Space to Landlord for each day of possession prior to the Expansion
Effective Date. However, except for the cost of services requested by Tenant (e.g., after-hours HVAC), Tenant shall not be required to pay Rent for the respective Expansion Space for any days of possession before the Expansion Effective Date during
which Tenant, with the approval of Landlord, is in possession of the applicable Expansion Space for the sole purpose of performing improvements or installing furniture, equipment or other personal property. 

 

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

  

	 	10.01	[Intentionally Omitted.] 

  

	 	10.02	Renewal Option. Section 4 Exhibit F of the Lease, Additional Provisions, Section 4, “Renewal Option,” is deleted from the Lease in its
entirety and is null, void and of no further force and effect. 

  

	 	10.03	Second Renewal Option. 

  

	 	(1)	Grant of Option; Conditions. Tenant shall have the right to extend the Extended Term (the “Second Renewal Option”) for an additional period of 5
years commencing on March 1, 2013 and ending on February 28, 2018 (the “Second Renewal Term”), if: 

  

	 	(a)	Landlord receives notice of exercise (“Second Renewal Initial Notice”) not later than February 28, 2012, and not earlier than December 1,
2011; and 

  

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

  

	 	(c)	Not more than 20% of the rentable square footage of the Premises is sublet (other than pursuant to a Permitted Transfer, as defined in Article 11 of the Lease) at the
time that Tenant delivers its Second Renewal Initial Notice or at the time Tenant delivers its Second Renewal Binding Notices; and 

  

	 	(d)	The Lease has not been assigned (other than pursuant to a Permitted Transfer, as defined in Article 11 of the Lease) prior to the date that Tenant delivers its
Second Renewal Initial Notice or prior to the date Tenant delivers its Second Renewal Binding Notice. 

  

	 	(2)	Terms Applicable to Premises During Second Renewal Term. 

  

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

  
 6 

	 	 
Article 4 of the Lease. 

  

	 	(b)	Tenant shall pay Additional Rent (i.e., Expenses and Taxes) for the Premises during the Second Renewal Term in accordance with Article 4 and Exhibit B of the
Lease, and the manner and method in which Tenant reimburses Landlord for Tenant’s share of Taxes and Expenses and the Base Year, if any, applicable to such matter, shall be some of the factors considered in determining the Prevailing Market
rate for the Second Renewal Term. 

  

	 	(3)	Procedure for Determining Prevailing Market. Within 30 days after receipt of Tenant’s Second Renewal Initial Notice, Landlord shall advise Tenant of the
applicable Base Rent rate for the Premises for the Second Renewal Term. Tenant, within 15 days after the date on which Landlord advises Tenant of the applicable Base Rent rate for the Second Renewal Term, shall either (i) give Landlord final
binding written notice (“Second Renewal Binding Notice”) of Tenant’s exercise of its Second Renewal Option, or (ii) if Tenant disagrees with Landlord’s determination, provide Landlord with written notice of rejection
(the “Rejection Notice”). If Tenant fails to provide Landlord with either a Second Renewal Binding Notice or Rejection Notice within such 15 day period, Tenant’s Second Renewal Option shall be null and void and of no further
force and effect. If Tenant provides Landlord with a Second Renewal Binding Notice, Landlord and Tenant shall enter into the Second Renewal Amendment (as defined below) upon the terms and conditions set forth herein. If Tenant provides Landlord with
a Rejection Notice, Landlord and Tenant shall work together in good faith to agree upon the Prevailing Market rate for the Premises during the Second Renewal Term. Upon agreement, Tenant shall provide Landlord with Second Renewal Binding Notice and
Landlord and Tenant shall enter into the Second Renewal Amendment in accordance with the terms and conditions hereof. Notwithstanding the foregoing, if Landlord and Tenant fail to agree upon the Prevailing Market rate within 30 days after the date
Tenant provides Landlord with the Rejection Notice, Tenant, by written notice to Landlord (the “Arbitration Notice”) within 5 days after the expiration of such 30 day period, shall have the right to have the Prevailing Market rate
determined in accordance with the arbitration procedures described in Section 10.02(4) below. If Landlord and Tenant fail to agree upon the Prevailing Market rate within the 30 day period described and Tenant fails to timely exercise its right
to arbitrate, Tenant’s Second Renewal Option shall be deemed to be null and void and of no further force and effect. 

  

	 	(4)	Arbitration Procedure. 

  

	 	(a)	 If Tenant provides Landlord with an Arbitration Notice, Landlord and Tenant, within 5 days after the date of the Arbitration Notice, shall each
simultaneously submit to the other, in a sealed envelope, its good faith estimate of the Prevailing Market rate for the Premises during the Second Renewal Term (collectively referred to as the “Estimates”). If the higher of such
Estimates is not more than 105% of the lower of such Estimates, then Prevailing Market rate shall be the average of the two Estimates. If the Prevailing Market rate is not resolved by the exchange of Estimates, then, within 7 days after the exchange
of Estimates, Landlord and Tenant shall each select an appraiser to determine which of the two Estimates most closely reflects the Prevailing Market rate for the Premises during the Second Renewal Term. Each appraiser so selected shall be certified
as an MAI appraiser or as an ASA appraiser and shall have had at least 5 years experience within the previous 10 years as a real estate appraiser working in the Seattle central business district, with working knowledge of current rental rates and
practices. For purposes hereof, an “MAI” appraiser means an individual who holds an MAI designation conferred by, and is an independent member of, the 

  
 7 

	 	 
American Institute of Real Estate Appraisers (or its successor organization, or in the event there is no successor organization, the organization and designation most similar), and an
“ASA” appraiser means an individual who holds the Senior Member designation conferred by, and is an independent member of, the American Society of Appraisers (or its successor organization, or, in the event there is no successor
organization, the organization and designation most similar). 

  

	 	(b)	Upon selection, Landlord’s and Tenant’s appraisers shall work together in good faith to agree upon which of the two Estimates most closely reflects the
Prevailing Market rate for the Premises. The Estimate chosen by such appraisers shall be binding on both Landlord and Tenant as the Base Rent rate for the Premises during the Second Renewal Term. If either Landlord or Tenant fails to appoint an
appraiser within the 7 day period referred to above, the appraiser appointed by the other party shall be the sole appraiser for the purposes hereof. If the two appraisers cannot agree upon which of the two Estimates most closely reflects the
Prevailing Market within 20 days after their appointment, then, within 10 days after the expiration of such 20 day period, the two appraisers shall select a third appraiser meeting the aforementioned criteria. Once the third appraiser (i.e.
arbitrator) has been selected as provided for above, then, as soon thereafter as practicable but in any case within 14 days, the arbitrator shall make his determination of which of the two Estimates most closely reflects the Prevailing Market rate
and such Estimate shall be binding on both Landlord and Tenant as the Base Rent rate for the Premises. If the arbitrator believes that expert advice would materially assist him, he may retain one or more qualified persons to provide such expert
advice. The parties shall share equally in the costs of the arbitrator and of any experts retained by the arbitrator. Any fees of any appraiser, counsel or experts engaged directly by Landlord or Tenant, however, shall be borne by the party
retaining such appraiser, counsel or expert. 

  

	 	(c)	If the Prevailing Market rate has not been determined by the commencement date of the Second Renewal Term, Tenant shall pay Base Rent upon the terms and conditions in
effect during the last month of the Extended Term for the Premises until such time as the Prevailing Market rate has been determined. Upon such determination, the Base Rent for the Premises shall be retroactively adjusted to the commencement of the
Second Renewal Term for the Premises. If such adjustment results in an underpayment of Base Rent by Tenant, Tenant shall pay Landlord the amount of such underpayment within 30 days after the determination thereof. If such adjustment results in an
overpayment of Base Rent by Tenant, Landlord shall credit such overpayment against the next installment of Base Rent due under the Lease and, to the extent necessary, any subsequent installments, until the entire amount of such overpayment has been
credited against Base Rent. 

  

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

  
 8 

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

 

	 	(7)	Subordination. Notwithstanding anything herein to the contrary, Tenant’s Second Renewal Option is subject and subordinate to the expansion rights (whether
such rights are designated as a right of first offer, right of first refusal, expansion option or otherwise) of the following tenants of the Building: Wells Fargo Bank, NA; Ragen MacKenzie; and Mundt MacGregor L.P. 

 

	 	10.04	Acceleration Option. Second Exhibit F of the Lease, Additional Provisions, Section 5, “Acceleration Option,” is deleted and the following
substituted therefor: 

  

	 	(1)	Tenant shall have the one-time right to accelerate the Extended Termination Date (“Acceleration Option”), with respect to the entire Premises only,
from the scheduled Extended Termination Date to November 30, 2009 (the “Accelerated Termination Date”), if: 

  

	 	(a)	Tenant is not in default under the Lease at the date Tenant provides Landlord with an Acceleration Notice (hereinafter defined); and 

 

	 	(b)	no part of the Premises is sublet for a term extending past the Accelerated Termination Date; and 

 

	 	(c)	the Lease has not been assigned (other than a Permitted Transfer); and 

  

	 	(d)	Landlord receives notice of acceleration (“Acceleration Notice”) not later than November 30, 2008. 

 

	 	(2)	 If Tenant exercises its Acceleration Option, Tenant, shall pay to Landlord an amount equal to the unamortized portion of (i) the commissions paid
to Tenant’s Broker and to Landlord’s Broker with respect to (a) the portion of the initial Term of the Lease commencing on the Expansion Effective Date, as it relates to the Expansion Space, and (b) the Extended Term, as it
relates to both the Original Premises and the Expansion Space; (ii) $973,215.00 incurred by Landlord with respect to the Landlord Work in the Expansion Space, assuming such sum was amortized, together with interest at a rate of 9% per
annum, over (a) the portion of the initial Term of the Lease commencing on the Expansion Effective Date, and (b) the Extended Term; plus (iii) 3 months’ Rent for the Premises, at the rate payable as of the Accelerated Termination
Date (collectively, the “Acceleration Fee”) as a fee in connection with the acceleration of the Termination Date and not as a penalty, provided that the Acceleration Fee shall be increased by an amount equal to the unamortized
portion of any concessions, real estate brokerage commissions, tenant improvement allowances or other expenses incurred by Landlord in connection with any additional space leased by Tenant that is subject to acceleration hereunder, plus 3
months’ Rent for the Premises, at the rate payable as of the Accelerated Termination Date. Tenant shall remain liable for all Base Rent, Additional Rent and other 

  
 9 

	 	 
sums due under the Lease up to and including the Accelerated Expiration Date even though billings for such may occur subsequent to the Accelerated Expiration Date. Within 30 days of receipt of
the Acceleration Notice from Tenant, Landlord shall present to Tenant an invoice for the Acceleration Fee, calculated pursuant to the terms of this Section 10.05(2), and Tenant shall pay such Acceleration Fee to Landlord within 30 days of
receipt of said invoice from Landlord. 

  

	 	(3)	If Tenant, subsequent to providing Landlord with an Acceleration Notice, defaults in any of the provisions of this Lease (including, without limitation, a failure to
pay any installment of the Acceleration Fee due hereunder), Landlord, at its option, may (i) declare Tenant’s exercise of the Acceleration Option to be null and void, and any Acceleration Fee paid to Landlord shall be returned to Tenant,
after first applying such Acceleration Fee against any past due Rent under the Lease, or (ii) continue to honor Tenant’s exercise of its Acceleration Option, in which case, Tenant shall remain liable for the payment of the Acceleration Fee
and for all Base Rent, Additional Rent and other sums due under the Lease up to and including the Accelerated Termination Date even though billings for such may occur subsequent to the Accelerated Termination Date. 

 

	 	(4)	As of the date Tenant provides Landlord with an Acceleration Notice, any unexercised rights or options of Tenant to renew the Extended Term or to expand the Premises
(whether expansion options, rights of first or second refusal, rights of first or second offer, or other similar rights), and any outstanding tenant improvement allowance not claimed and properly utilized by Tenant in accordance with the Lease as of
such date, shall immediately be deemed terminated and no longer available or of any further force or effect. 

  

	 	10.05	Relocation. Landlord and Tenant acknowledge and agree that (a) the terms and conditions of Section 21 of the Lease, “Relocation,” shall not
be applicable to any portion of the Premises located on the 46th floor of the Building; and (b) any Relocation Space to which the portion of the Premises located on the 41st floor is relocated shall be located on a floor that is served by the
elevator bank that serves the 41st floor and shall be located on the same side(s) of the Building as the portion of the Premises being relocated thereto. 

  

	 	10.06	[Intentionally Omitted.] 

  

	 	10.07	Right of First Offer. Exhibit F of the Lease, Additional Provisions, Section 3, “Right of First Offer,” is deleted and the following
substituted therefor: 

  

	 	(1)	 Grant of Option; Conditions. At any time during the period commencing on December 1, 2005 and expiring on November 30, 2007 (but if
Tenant has previously delivered any such notice, then not sooner than 90 days after such prior delivery), Tenant may deliver to Landlord written notice (an “Offering Space Notice”) stating that Tenant is interested in leasing a
Potential Offering Space (defined below) having an approximate rentable square footage (the “Desired Square Footage”) specified (as a single number, and not as a range) by Tenant in such notice. As used herein, “Potential
Offering Space” means any contiguous space that is located on one or more of the 22nd through the 47th floors of the Building and is not included in the Premises. Upon its valid delivery of an Offering Space Notice, Tenant shall have a
one-time right of first offer (the Right of First Offer”) with respect to each Potential Offering Space, if any, that (a) has a rentable square footage which is neither less than 80% nor greater than 120% of the Desired Square
Footage, and (b) Landlord, as of the date Landlord receives such Offering Space Notice, determines in good faith is, or will become, Available (defined below) during the 90-day period commencing on the date Landlord receives such Offering Space
Notice (the “Offer Period”), which Right of First Offer shall be exercised as follows: within 5 Business Days after Landlord receives such Offering Space Notice, and prior to leasing any such Potential Offering Space to

  
 10 

	 	 
any other party, Landlord shall provide Tenant with written notice as to whether any such Potential Offering Spaces exist. If such notice states that one or more such Potential Offering Spaces
exist, then, except as provided below, Landlord, on the date it gives such notice, shall also advise Tenant (an “Advice”) of the terms under which Landlord is prepared to lease each such Potential Offering Space (an
“Offering Space”) to Tenant for the remainder of the Lease Term. For purposes of this Section 10.07, a Potential Offering Space shall be deemed to become “Available” during an Offer Period, if at all, on the
date, if any, in such Offer Period on which no third party has a right to occupy such Potential Offering Space pursuant to any lease or other agreement, but only if, as of the first day of such Offer Period, no prospective tenant (including, without
limitation, any tenant of such Potential Offering Space) is interested in leasing such Potential Offering Space. Tenant may lease any Offering Space in its entirety only, under such terms, by delivering written notice of exercise to Landlord (the
“Notice of Exercise”) within 5 Business Days after the date of the Advice, except that Tenant shall have no such Right of First Offer and Landlord need not provide Tenant with an Advice with respect to any Potential Offering Space,
if: 

  

	 	(a)	Tenant is in default under the Lease beyond any applicable cure periods at the time that Landlord would otherwise deliver the Advice; or 

 

	 	(b)	the Premises, or any portion thereof, is sublet (other than pursuant to a Permitted Transfer) at the time Landlord would otherwise deliver the Advice; or

  

	 	(c)	the Lease has been assigned (other than pursuant to a Permitted Transfer) prior to the date Landlord would otherwise deliver the Advice; or 

 

	 	(d)	Tenant is not occupying the Premises on the date Landlord would otherwise deliver the Advice; or 

 

	 	(e)	such Potential Offering Space is not intended for the exclusive use of Tenant during the Term. 

 

	 	(2)	Terms for Offering Space. 

  

	 	(a)	The term for the Offering Space shall commence upon the commencement date stated in the Advice; provided, however that such date shall not be earlier than 60 days after
the date of availability of such Offering Space and not later than 90 days after the date of availability of such Offering Space. From and after such commencement date, the Offering Space shall be considered a part of the Premises, and the Lease
Term with respect to such Offering Space shall expire on the Extended Termination Date, provided that all of the terms stated in the Advice shall govern Tenant’s leasing of the Offering Space and only to the extent that they do not conflict
with the Advice, the terms and conditions of this Lease shall apply to the Offering Space. 

  

	 	(b)	Tenant shall pay Base Rent and Additional Rent for the Offering Space in accordance with the terms and conditions of the Advice; provided, however, that the Base Year
with respect to the Offering Space shall be 2005 and the Base Rent rate payable by Tenant for the Offering Space shall be $25.85 per rentable square foot per year. 

 

	 	(c)	 The Offering Space (including improvements and personalty, if any) shall be accepted by Tenant in its condition and as-built configuration existing on
the earlier of the date Tenant takes possession of the Offering Space or as of the date the term for 

  
 11 

	 	 
such Offering Space commences, unless the Advice specifies any work to be performed by Landlord in the Offering Space, in which case Landlord shall perform such work in the Offering Space. If
Landlord is delayed delivering possession of the Offering Space due to the holdover or unlawful possession of such space by any party, Landlord shall use reasonable efforts to obtain possession of the space, and the commencement of the term for the
Offering Space shall be postponed until the date Landlord delivers possession of the Offering Space to Tenant free from occupancy by any party. Notwithstanding the foregoing, Landlord shall provide Tenant a tenant improvement allowance with respect
to of the Offering Space, on a “per rentable square foot” basis, equal to $12.00 multiplied by a fraction, the numerator of which is the number of complete calendar months remaining in the Lease Term until the Extended Termination Date as
of the date the Offering Space is delivered to Tenant, and the denominator of which is 87. 

  

	 	(3)	Termination of Right of First Offer. The rights of Tenant hereunder with respect to any Potential Offering Space shall terminate on the earlier to occur of:
(i) November 30, 2007; (ii) Tenant’s failure to exercise its Right of First Offer with respect to such Potential Offering Space within the 5-Business-Day period provided in Section 10.07(1) above; and (iii) the date
Landlord would have provided Tenant an Advice for such Potential Offering Space if Tenant had not been in violation of one or more of the conditions set forth in Section 10.07(1) above. 

 

	 	(4)	Offering Amendment. If Tenant exercises its Right of First Offer, Landlord shall prepare an amendment (the “Offering Amendment”) adding the
Offering Space to the Premises on the terms set forth in the Advice and reflecting the changes in the Base Rent, Rentable Square Footage of the Premises, Tenant’s Pro Rata Share and other appropriate terms. A copy of the Offering Amendment
shall be sent to Tenant within a reasonable time after Landlord’s receipt of the Notice of Exercise executed by Tenant, and Tenant shall execute and return the Offering Amendment to Landlord within 15 days thereafter, but an otherwise valid
exercise of the Right of First Offer shall be fully effective whether or not the Offering Amendment is executed. 

  

	 	(5)	Subordination. Notwithstanding anything herein to the contrary, Tenant’s Right of First Offer is subject and subordinate to the expansion rights (whether
such rights are designated as a right of first offer, right of first refusal, expansion option or otherwise) of any tenant of the Building existing on the date hereof. 

 

	 	10.08	Parking. As of the Expansion Effective Date, Exhibit F of the Lease, Additional Provisions, Section 1, “Parking,” Subsection 1.01 is
deleted and the following substituted therefor: 

 During the remainder of the initial Term and during the
Extended Term, Tenant shall have the right but not the obligation to lease from Landlord, and Landlord agrees to lease to Tenant, from time to time on a month-to-month basis (subject to termination by Tenant upon not less than 30 days’ prior
written notice to Landlord), up to a maximum of 15 unreserved parking spaces (the “Primary Spaces”) in the Building garage (the “Parking Facility”) for the use of Tenant and its employees. If Tenant
terminates its lease of any of such Primary Spaces, Tenant may thereafter re-lease such Primary Spaces upon 30 days’ prior written notice to Landlord. In addition, if, from time to time during the Term, any additional unreserved parking spaces
(“Additional Spaces”, together with the Primary Spaces, collectively, the “Spaces”) in the Parking Facility become available for lease to Tenant (as determined by Landlord in its sole and absolute discretion), then,
upon written request to Landlord, Tenant may lease up to 5 such Additional Spaces from Landlord, and Landlord shall lease such Additional Spaces to Tenant, for the use of Tenant and its employees. Any

  
 12 

 
such lease of Additional Spaces shall be on a month-to-month basis, subject to termination by either party upon 30 days’ prior written notice to the other party. Either party may terminate
any such lease of Additional Spaces for any reason whatsoever; provided, however, that Landlord may not terminate any such lease unless Landlord determines, in its sole and absolute discretion, that the subject Additional Spaces are no longer
available for lease to Tenant, including, without limitation, because Landlord desires to lease such Additional Spaces to one or more other parties or otherwise convert such Additional Spaces to other purposes. No deductions or allowances shall be
made for days when Tenant or any of its employees does not utilize the Parking Facility or for Tenant utilizing less than all of the Spaces. Tenant shall not have the right to lease or otherwise use more than the number of reserved and unreserved
Spaces set forth above. Notwithstanding the foregoing, Tenant shall have the right, upon 30 days prior written notice to Landlord, to convert two (2) of the Primary Spaces to reserved Spaces in the Parking Facility at the same monthly rate per
stall as is then charged by Landlord or the Parking Operator for unreserved Primary Spaces in the Parking Facility, as such rate may be adjusted from time to time. 
  

	11.	Miscellaneous. 

  

	 	11.01.	This Amendment and the attached exhibits, which are hereby incorporated into and made a part of this Amendment, set forth the entire agreement between the parties with
respect to the matters set forth herein. There have been no additional oral or written representations or agreements. Under no circumstances shall Tenant be entitled to any Rent abatement, improvement allowance, leasehold improvements, or other work
to the Premises, or any similar economic incentives that may have been provided Tenant in connection with entering into the Lease, unless specifically set forth in this Amendment. Tenant agrees that neither Tenant nor its agents or any other parties
acting on behalf of Tenant shall disclose any matters set forth in this Amendment or disseminate or distribute any information concerning the terms, details or conditions hereof to any person, firm or entity without obtaining the express written
consent of Landlord 

  

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

 

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

  

	 	11.04.	Submission of this Amendment by Landlord is not an offer to enter into this Amendment but rather is a solicitation for such an offer by Tenant. Landlord shall not be
bound by this Amendment until Landlord has executed and delivered the same to Tenant. 

  

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

  

	 	11.06.	Tenant hereby represents to Landlord that Tenant has dealt with no broker in connection with this Amendment except Flinn Ferguson (“Tenant’s
Broker”). Tenant agrees to indemnify and hold Landlord, its trustees, members, principals, beneficiaries, partners, officers, directors, employees, mortgagee(s) and agents, and the respective principals and members of any such agents
(collectively, the “Landlord Related Parties”) harmless from all claims of any brokers other than Tenant’s Broker claiming to have represented Tenant in connection with this Amendment. Landlord hereby represents to Tenant that
Landlord has dealt with no broker in connection with this Amendment except Equity Office Properties Management Corp. (“Landlord’s Broker”). Landlord agrees to indemnify and hold Tenant, its trustees, members, principals,
beneficiaries, partners, officers, directors, employees, and agents, and the respective principals and members of any such agents (collectively, the “Tenant Related Parties”) harmless from all claims of any brokers, including
Landlord’s Broker, claiming to have represented Landlord in connection with this Amendment. 

  
 13 

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

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

							
	LANDLORD:
	
	EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company
		
	By:	 	EOP Operating Limited Partnership, a Delaware limited partnership, its sole member
			
		 	By:	 	Equity Office Properties Trust, a Maryland real estate investment trust, its general partner
				
		 		 	By:	 	 /s/ M. Patrick Callahan

				
		 		 	Name:	 	 M. Patrick Callahan

				
		 		 	Title:	 	 Senior Vice President

		 		 		 	 Seattle Region

	
	TENANT:
	
	ZILLOW, INC., a Washington corporation
		
	By:	 	 /s/ Lloyd Frink

		
	Name:	 	 Lloyd Frink

		
	Title:	 	 President

  
 14 

 EXHIBIT A-1 
 OUTLINE AND LOCATION OF EXPANSION SPACE 
 (Insert floor plate of
4600) 

 

 

  
 1 

 EXHIBIT B 
 [INTENTIONALLY OMITTED] 

  
 1 

 EXHIBIT C 
 WORK LETTER 
 This Exhibit is attached to and made a part of the
Amendment (the “Amendment”) by and between EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company (“Landlord”) and ZILLOW, INC., a Washington corporation (“Tenant”) for
space in the Building located at 999 Third Avenue, Seattle, Washington. Capitalized terms used but not defined herein shall have the meanings given in the Amendment. 
 As used in this Work Letter, the “Premises” shall be deemed to mean the Expansion Space, as defined in the Amendment. 

 

	1.	This Work Letter shall set forth the obligations of Landlord and Tenant with respect to the improvements to be performed in the Premises for Tenant’s use. All
improvements described in this Work Letter to be constructed in and upon the Premises by Landlord are hereinafter referred to as the “Landlord Work.” It is agreed that construction of the Landlord Work will be completed at
Tenant’s sole cost and expense, subject to the Allowance (as defined below). Landlord shall enter into a direct contract for the Landlord Work with a general contractor selected by Landlord. In addition, Landlord shall have the right to select
and/or approve of any subcontractors used in connection with the Landlord Work. 

  

	2.	Tenant shall be solely responsible for the timely preparation and submission to Landlord of the final architectural, electrical and mechanical construction drawings,
plans and specifications (called “Plans”) necessary to construct the Landlord Work, which plans shall be subject to reasonable approval by Landlord and Landlord’s architect and engineers and shall comply with their requirements
to avoid aesthetic or other conflicts with the design and function of the balance of the Building. Landlord shall provide Tenant with such approval or disapproval (and, in the case of disapproval, a reasonable description of the changes necessary to
obtain approval) within 5 Business Days after receipt of Tenant’s proposed plans. Tenant shall be responsible for all elements of the design of Tenant’s plans (including, without limitation, compliance with law, functionality of design,
the structural integrity of the design, the configuration of the Premises and the placement of Tenant’s furniture, appliances and equipment), and Landlord’s approval of Tenant’s plans shall in no event relieve Tenant of the
responsibility for such design. If requested by Tenant, Landlord’s architect will prepare the Plans necessary for such construction at Tenant’s cost. Whether or not the layout and Plans are prepared with the help (in whole or in part) of
Landlord’s architect, Tenant agrees to remain solely responsible for the timely preparation and submission of the Plans and for all elements of the design of such Plans and for all costs related thereto. Tenant has assured itself by direct
communication with the architect and engineers (Landlord’s or its own, as the case may be) that the final approved Plans can be delivered to Landlord on or before 20 Business Days following the date of full mutual execution of the Amendment
(the “Plans Due Date”), provided that Tenant promptly furnishes complete information concerning its requirements to said architect and engineers as and when requested by them. Tenant covenants and agrees to cause said final,
approved Plans to be delivered to Landlord on or before said Plans Due Date and to devote such time as may be necessary in consultation with said architect and engineers to enable them to complete and submit the Plans within the required time limit.
Time is of the essence in respect of preparation and submission of Plans by Tenant and subsequent approval or disapproval by Landlord. If the Plans are not fully completed and approved by the Plans Due Date, Tenant shall be responsible for one day
of Tenant Delay (as defined in the Amendment) for each day during the period beginning on the day following the Plans Due Date and ending on the date completed Plans are approved. (The word “architect” as used in this Exhibit shall include
an interior designer or space planner.) 

  

	3.	 If Landlord’s estimate and/or the actual cost of construction shall exceed the Allowance, Landlord, prior to commencing any construction of
Landlord Work, shall submit to Tenant a written estimate setting forth the anticipated cost of the Landlord Work, including but not limited to labor and materials, contractor’s fees and permit fees. Within 3 Business Days thereafter, Tenant
shall either notify Landlord in writing of its approval 

  
 1 

	 	 
of the cost estimate, or specify its objections thereto and any desired changes to the proposed Landlord Work. If Tenant notifies Landlord of such objections and desired changes, Tenant shall
work with Landlord to reach a mutually acceptable alternative cost estimate. 

  

	4.	If Landlord’s estimate and/or the actual cost of construction shall exceed the Allowance, if any (such amounts exceeding the Allowance being herein referred to as
the “Excess Costs”), Tenant shall pay to Landlord such Excess Costs, plus any applicable state sales or use tax thereon, upon demand. The statements of costs submitted to Landlord by Landlord’s contractors shall be conclusive
for purposes of determining the actual cost of the items described therein. The amounts payable by Tenant hereunder constitute Rent payable pursuant to the Lease, and the failure to timely pay same constitutes an event of default under the Lease.

  

	5.	If Tenant shall request any change, addition or alteration in any of the Plans after approval by Landlord, Landlord shall have such revisions to the drawings prepared,
and Tenant shall reimburse Landlord for the actual cost thereof, plus any applicable state sales or use tax thereon, upon demand. Promptly upon completion of the revisions, Landlord shall notify Tenant in writing of the increased cost which will be
chargeable to Tenant by reason of such change, addition or deletion. Tenant, within one Business Day, shall notify Landlord in writing whether it desires to proceed with such change, addition or deletion. In the absence of such written
authorization, Landlord shall have the option to continue work on the Premises disregarding the requested change, addition or alteration, or Landlord may elect to discontinue work on the Premises until it receives notice of Tenant’s decision,
in which event Tenant shall be responsible for any Tenant Delay in completion of the Premises resulting therefrom. If such revisions result in a higher estimate of the cost of construction and/or higher actual construction costs which exceed the
Allowance, such increased estimate or costs shall be deemed Excess Costs pursuant to Paragraph 4 hereof and Tenant shall pay such Excess Costs, plus any applicable state sales or use tax thereon, upon demand. 

 

	6.	Following approval of the Plans and the payment by Tenant of the required portion of the Excess Costs, if any, Landlord shall cause the Landlord Work to be constructed
substantially in accordance with the approved Plans. Notwithstanding anything in the Amendment or the Lease to the contrary, during the Rent Abatement Period Landlord and its contractors shall have unrestricted access to the Premises for the purpose
of performing the Landlord Work and Tenant shall not in any way hinder or delay Landlord’s performance of the Landlord Work, whether through Tenant’s performance of improvements, installation or furniture, equipment or other personal
property, through Tenant’s occupancy of the Premises, or otherwise. Landlord shall notify Tenant of substantial completion of the Landlord Work. 

  

	7.	Landlord, provided Tenant is not in default, agrees to provide Tenant with an Allowance (the “Allowance”) in an amount not to exceed $1,146,231.00
(i.e., $53.00 per rentable square foot of the Premises) to be applied toward the cost of the Landlord Work in the Premises. If the Allowance shall not be sufficient to complete the Landlord Work, Tenant shall pay the Excess Costs, plus any
applicable state sales or use tax thereon, as prescribed in Paragraph 4 above. Any portion of the Allowance which exceeds the cost of the Landlord Work or is otherwise remaining after June 30, 2006, shall accrue to the sole benefit of
Landlord, it being agreed that Tenant shall not be entitled to any credit, offset, abatement or payment with respect thereto. Landlord shall be entitled to deduct from the Allowance a construction management fee for Landlord’s oversight of the
Landlord Work in an amount equal to 5% of the total cost of the Landlord Work. 

  

	8.	Landlord and Tenant agree to cooperate with each other in order to enable the Landlord Work to be performed in a timely manner and with as little inconvenience to the
operation of Tenant’s business in the Original Premises as is reasonably possible. Notwithstanding anything herein to the contrary, but subject to Section 3.02 of the Amendment, any delay in the completion of the Landlord Work or
inconvenience suffered by Tenant during the performance of the Landlord Work shall not subject Landlord to any liability for any loss or damage resulting therefrom or entitle Tenant to any credit, abatement or adjustment of Rent or other sums
payable under the Lease. 

  

	9.	High-Technology Tax Deferral. 

  
 2 

	 	A.	If Tenant obtains from the Washington State Department of Revenue (the “DOR”), pursuant to Chapter 82.63 of the Revised Code of Washington, and
delivers to Landlord, not later than the date on which the final Plans are approved, a sales and use tax deferral certificate (“Deferral Certificate”) applicable to one or more portions of the Landlord Work, then Landlord, at no
cost to Landlord, and solely by submitting such Deferral Certificate to its general contractor, shall use good faith efforts to cause its general contractor to waive the payment of sales and use taxes on the portion(s) of such work to which such
Deferral Certificate applies, and, to the extent such general contractor waives such payment, Landlord shall withhold such payment. If Landlord withholds payment of any sales or use taxes pursuant to this Paragraph 9.A, and if, after giving effect
to such withholding, the Allowance exceeds the total cost of the Landlord Work, including any applicable sales or use tax, then Tenant shall be entitled to a credit against Base Rent in the amount of the lesser of (a) the amount of the sales
and the use taxes so withheld, or (b) the amount of the excess of the Allowance over such total cost. 

  

	 	B.	If, at any time during or after the Term, Landlord receives notice from the DOR or any other applicable governmental authority that all or any portion of any sales or
use taxes withheld by Landlord pursuant to Paragraph 9.A above, or any fines, penalties or other amounts relating thereto, are required to be paid (whether pursuant to RCW 82.63.045 or otherwise), then Tenant, as its sole expense, shall make such
payment fully and immediately upon written demand from Landlord. 

  

	 	C.	Tenant acknowledges that, before the date of the Amendment, Landlord has provided to Tenant one original High Technology Application for Tax Deferral for Lessor
relating to the Landlord Work in form and substance satisfactory to Tenant. Tenant agrees that, except as expressly provided in Paragraph 9.A above, Landlord shall have no obligation to prepare, execute or submit any other application, certificate,
statement, survey, report, form or document, to Tenant, the DOR or any other party, or to perform any other administrative duty, relating to the Deferral Certificate, any sales or use taxes withheld pursuant to Paragraph 9.A above, or
Landlord’s obligations under this Paragraph 9. 

  

	 	D.	Without limiting Paragraph 9.B above, Tenant shall indemnify, defend and hold Landlord harmless from and against any Losses resulting from Landlord’s performance
of its obligations under this Paragraph 9. The provisions of this Paragraph 9 shall survive the expiration or earlier termination of the Lease. 

  

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

  
 3 

 EXHIBIT D 
 COMMENCEMENT LETTER 
  

			
	Date	 	  

		
	Tenant	 	  

	Address	 	  

		 	  

		 	  

 

	Re:	 Commencement Letter with respect to that certain First Amendment (the “First Amendment”) dated as of
                    , 2005, by and between EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company, as Landlord, and
Zillow, Inc., a Washington corporation, as Tenant, for 21,627 rentable square feet of new or additional premises (the “Expansion Spaces”) on the 46th floor of the Building located at 999 Third Avenue, Seattle, Washington. 

Lease ID:
                                        

 Business Unit Number:
                                        

 Dear
                                        :

 In accordance with the terms and conditions of the First Amendment, Tenant accepts possession of the Expansion Space and
agrees: 
  

	 	1.	The Expansion Effective Date (as defined in the First Amendment) is
                                        ;
and 

  

	 	2.	The Expansion Rent Commencement Date (as defined in the First Amendment) is
                                        .

 Please acknowledge your acceptance of possession and agreement to the terms set forth above by signing all 3
counterparts of this Commencement Letter in the space provided and returning 2 fully executed counterparts to my attention. Tenant’s failure to execute and return this letter, or to provide written objection to the statements contained in this
letter, within 30 days after the date of this letter shall be deemed an approval by Tenant of the statements contained herein. 
  

					
	Sincerely,
	
	  

	Authorized Signatory
	
	Agreed and Accepted:
		
	Tenant:	 	  

							
			
	By:	 	 EXHIBIT – DO NOT SIGN
	 	
	Name:	 	  
	 	
	Title:	 	  
	 	
	Date:	 	  
	 	

  
 1 

									
		 		 	 EXHIBIT E
  

LETTER OF CREDIT
	 		 	
					
		 		 	  
	 		 	
		 		 	[Name of Financial Institution]	 		 	

  

					
		 		  	Irrevocable Standby
		 		  	Letter of Credit
		 		  	No.
                                         
                 
		 		  	Issuance
Date:                                        

		 		  	Expiration
Date:                                     

		 		  	Applicant: ZILLOW, INC.

 Beneficiary 

EOP-NORTHWEST PROPERTIES, L.L.C. 
 c/o Equity
Office 
 701 Fifth Avenue, Suite 4000 

Seattle, Washington 98104 
 Attn: Property
Manager, Wells Fargo Center 
 Ladies/Gentlemen: 
 We hereby establish our Irrevocable Standby Letter of Credit in your favor for the account of the above referenced Applicant in the amount of Five Hundred Forty Thousand Seven Hundred and No/100 U.S.
Dollars ($540,700.00) available for payment at sight by your draft drawn on us when accompanied by the following documents: 
  

	1.	An original copy of this Irrevocable Standby Letter of Credit. 

  

	2.	Beneficiary’s dated statement purportedly signed by an authorized signatory or agent reading: This draw in the amount of
                     U.S. Dollars ($            ) under your
Irrevocable Standby Letter of Credit No.                      represents funds due and owing pursuant to the terms of that certain lease dated
                    , 2005 by and between EOP-NORTHWEST PROPERTIES, L.L.C., a Delaware limited liability company, as landlord, and ZILLOW,
INC., a Washington corporation, as tenant, and/or any amendment to the lease or any other agreement between such parties related to the lease.” 

 It is a condition of this Irrevocable Standby Letter of Credit that it will be considered automatically renewed for a one year period upon the expiration date set forth above and upon each anniversary of
such date, unless at least 60 days prior to such expiration date or applicable anniversary thereof, we notify you in writing, by certified mail return receipt requested or by recognized overnight courier service, that we elect not to so renew this
Irrevocable Standby Letter of Credit. A copy of any such notice shall also be sent, in the same manner, to: Equity Office Properties Trust, 2 North Riverside Plaza, Suite 2100, Chicago, Illinois 60606, Attention: Treasury Department. In addition,
provided that you have not provided us with written notice, prior to the effective date of any reduction, that Applicant has failed to satisfy the conditions required under the Lease in order to reduce the amount of this Irrevocable Standby Letter
of Credit, the amount of this Irrevocable Standby Letter of Credit shall automatically reduce in accordance with the following schedule: 

  
 1 

					
	 Effective Date of Reduction
	  	New Reduced Amount of Letter of Credit	 
	 December 1, 2009
	  	$	415,675.00	  
	 December 1, 2010
	  	$	290,675.00	  
	 December 1, 2011
	  	$	165,675.00	  

 In addition to the
foregoing, we understand and agree that you shall be entitled to draw upon this Irrevocable Standby Letter of Credit in accordance with 1. and 2. above in the event that we elect not to renew this Irrevocable Standby Letter of Credit and, in
addition, you provide us with a dated statement purportedly signed by an authorized signatory or agent of Beneficiary stating that the Applicant has failed to provide you with an acceptable substitute irrevocable standby letter of credit in
accordance with the terms of the above referenced lease. We further acknowledge and agree that: (a) upon receipt of the documentation required herein, we will honor your draws against this Irrevocable Standby Letter of Credit without inquiry
into the accuracy of Beneficiary’s signed statement and regardless of whether Applicant disputes the content of such statement; (b) this Irrevocable Standby Letter of Credit shall permit partial draws and, in the event you elect to draw
upon less than the full stated amount hereof, the stated amount of this Irrevocable Standby Letter of Credit shall be automatically reduced by the amount of such partial draw; and (c) you shall be entitled to transfer your interest in this
Irrevocable Standby Letter of Credit from time to time and more than one time without our approval and without charge. In the event of a transfer, we reserve the right to require reasonable evidence of such transfer as a condition to any draw
hereunder. 
 This Irrevocable Standby Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits
(1993 revision) ICC Publication No. 500. 
 We hereby engage with you to honor drafts and documents drawn under and in
compliance with the terms of this Irrevocable Standby Letter of Credit. 
 All communications to us with respect to this
Irrevocable Standby Letter of Credit must be addressed to our office located at                      to the attention of
                    . 
  

	
	Very truly yours,
	
	  

	
	  

	[name]
	
	 [title}

  
 2

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