Document:

QuickLinks
 -- Click here to rapidly navigate through this document
  

 
 

Exhibit 10.1    
  

 
 

LOAN AGREEMENT    
  

        THIS AGREEMENT, dated as of March 25, 2002, is between Gaiam, Inc. and its
100% owned subsidiaries (the "Company"), 360 Interlocken Blvd., Suite 300, Broomfield, Colorado 80021 (address), and Wells Fargo Bank West,
N.A. (the "Bank"), 1242 Pearl Street, P.O. Box 227, Boulder, Colorado. 

ARTICLE I
  DEFINITIONS  

        Section 1.1    The terms defined in this Article shall have the meanings specified for all purposes of this Agreement. 

	(a)
	"Borrowing
Base" shall mean an amount equal to the sum of the following:

	(1)
	75%
of the Company's total accounts receivable which are less than 60 days past due according to their assigned selling terms; plus

	(2)
	50%
of the Company's total finished goods inventory, excluding any goods being manufactured, subject to further manufacturing processes
by the Company, and inventory considered obsolete. 

	(b)
	"Commitment
Expiration Date" shall mean October 1, 2003.

	(c)
	"Consolidated
Debt to Worth Ratio" shall mean the ratio of (i) the aggregate debt of the Company less cash or cash equivalents at the Bank, determined in accordance with
generally accepted accounting principles, less any debt formally subordinated by a creditor to the indebtedness of the Company to the Bank, to (ii) the Company's net equity, determined in
accordance with generally accepted accounting principles plus any debt formally subordinated by a creditor to the indebtedness of the Company to the Bank.

	(d)
	"Current
Ratio" shall mean the ratio of current assets of the Company to its current liabilities, determined in accordance with generally accepted accounting principles.

	(e)
	"Equity
Equivalent Investments" shall mean cash provided to the Company either by the purchase of common or preferred stock or by the making of Loans to the Company that are formally
subordinated to the indebtedness of the Company to the Bank.

	(f)
	"ERISA"
shall mean the Employment Retirement Income Security Act of 1974, as amended.

	(g)
	"Event
of Default" shall mean any of the events listed in Section 5.1 below.

	(h)
	"Loan"
or "Loans" mean all advances and draws on Letters of Credit that the Bank agrees to make or issue hereunder. 

ARTICLE II
  THE COMMITMENT  

        Section 2.1    The Bank agrees, on the terms herein set forth, to make Loans to the Company under a Revolving Line of
Credit in an aggregate amount not exceeding the lesser of the Borrowing Base or $15,000,000.00. The Loans may be in the form of cash advances or Letters of Credit as requested by the Company on or
before the Commitment Expiration Date, when said Loans, together with interest thereon, shall be due and payable. The amount available for Loans at any time shall be the lesser of
$15,000,000.00 or the Borrowing Base, minus the aggregate principal amount of all outstanding cash advances and outstanding Letter of Credit issued
hereunder. Calculations of the

  
Borrowing Base shall be submitted to the Bank quarterly and with each Loan advance, on the basis of the information and certificates provided pursuant to Sections 4.1(a) and (b) below;
however, compliance with the Borrowing Base limitation is a continuing obligation. However, the Company may request advances under any given Borrowing Base Certificate for a period of forty days
without providing additional certificates. If any time the aggregate balance outstanding on the Loans exceeds the Borrowing Base, the excess shall become immediately due and payable and shall be paid
to the Bank within five business days after written notice to the Company. 

        Section 2.2    The Company may request the Bank to issue, or cause to have issued by a third party bank, Letters of
Credit. Maturing drafts drawn in accordance with the terms of the Letters of Credit shall be payable in full when due, either through the cash assets of the Company or by a draw against funds then
available under Section 2.1. The Letters of Credit will be priced on a fee basis, dependent on the costs of complying with the terms of each Letter of Credit or ensuing draft. Each Letter of
Credit shall have an expiration date as requested by the Company; however, with respect to any Letter of Credit for which an expiration date later than the Commitment Expiration Date is requested:
(a) such later date shall be consistent with the Company's usual and customary practice for Letter of Credit transactions during the immediately preceding 12 months, and (b) on or
before the Commitment Expiration Date the Company shall provide collateral reasonably acceptable to the Bank for any draws on such Letter of Credit after the Commitment Expiration Date. 

        Section 2.3    The Loan described in Section 2.1 shall be evidenced by a Promissory Note in the maximum principal
amount of $15,000,000.00, payable to the order of the Bank on or before October 1, 2003. 

        Section 2.4    The Loan described in Sections 2.1 shall bear interest at a rate equal to the lower of Wells Fargo Bank
West, N.A. Prime Rate (the "Prime Rate") minus 1/2% as in effect from time to time, which rate shall change, without notice, whenever the Prime Rate changes, to and including maturity
or the 30 day London Interbank Offered Rate (LIBOR) as quoted on the first business day of each calendar month plus 275 basis points. Overdue principal and (to the extent legally enforceable)
overdue interest, whether caused by acceleration of maturity or otherwise, shall bear interest at a rate four percentage points above the rate in effect at the time such principal or interest becomes
due. 

        Section 2.5    The Company shall have the right to repay the Loans in part or in whole at any time without penalty except
as noted below; however, prepayment in full must be accompanied by payment of all accrued interest then due. 

        Section 2.6    All payments made by the Company on account of principal and of interest shall be made in immediately
available funds to the Bank. 

        Section 2.7    The Bank's commitment to make the initial and all subsequent Loans hereunder shall be subject to the
following conditions: 

	(a)
	Prior
to the initial Loan on the Revolving Line of Credit described in Section 2.1, payment by the Company of a $3,000.00 loan commitment fee.

	(b)
	Prior
to the initial Loan, delivery to the Bank of the Note and all security agreements, financing statements and related documents necessary to confirm or create liens and security
interests in favor of the Bank on all the Company's accounts, equipment and inventory as security for the Loan.

	(c)
	As
of the dates of the initial and any subsequent Loans, all representations and warranties of the Company contained herein shall be true and no Event of Default shall have occurred
and be continuing. 

 

ARTICLE III
  REPRESENTATION AND WARRANTIES  

        The Company represents and warrants to the Bank as follows: 

        Section 3.1    The Company is duly organized, validly existing, and in good standing under the laws of the State of
Colorado, and is duly qualified to do business wherever necessary to carry on its present operations. 

        Section 3.2    The making and performance of this Agreement is within the Company's corporate powers; has been duly
authorized by all necessary corporate action; does not require any stockholder consent; does not require the approval of any federal or state regulatory authority; does not contravene any law,
regulation or agreement to which the Company is a party or by which it or its assets may be bound; and will not conflict with any provision of the articles of incorporation, bylaws or other governing
documents of the Company. 

        Section 3.3    This Agreement is the legal, valid and binding obligation of the Company, enforceable in accordance with
its terms. 

        Section 3.4    There is no pending, nor to the best of the Company's knowledge threatened, action or proceedings before
any court or administrative agency that may materially adversely affect the Company's financial condition or operations as of the date of this Agreement. The Company hereby agrees to notify the Bank
in writing of any subsequent action or proceedings before any court or administrative agency that, in the judgment of the Company's management based on the advise of legal counsel, may materially
adversely affect the Company's financial condition or operations. Said notice shall be given to the Bank within 30 days of such determination. 

        Section 3.5    The Company has good and marketable title to all of its material properties or assets (except leased
assets), and none of such material properties or assets included in the Borrowing Base are subject to any mortgage, pledge, loan security interest, encumbrance or any other security agreement or
arrangement of any type whatsoever except the security interests, liens and encumbrances permitted by this Agreement and Permitted Liens permitted pursuant to Section 4.2(f). 

        Section 3.6    Except for any Tax Disputes permitted pursuant to Section 4.2(f), to the best of the Company's
knowledge and information no material claim for taxes, whether federal, state or local, are presently being assessed against the Company with respect to any past due taxes, nor are there any tax
disputes being litigated or determined by governmental proceedings at the present time that have not been reflected in the financial statements of the Company previously furnished to the Bank. 

        Section 3.7    The Company or property of the Company as of the date of this Agreement is not the subject of any ongoing
litigation, judgment, decree, order, citation, compliant, or notice of violation relating to or arising out of environmental laws or issues. For purposes of this Agreement, Contamination and
Contaminated shall mean the presence of solid or hazardous wastes, hazardous substances, pollutants or contaminants, petroleum, toxic or hazardous constituents, or similar materials, as such terms are
defined under any federal, state, or local statute, whether currently or subsequently enacted, or under common law. The Company hereby agrees to notify the Bank in writing of any subsequent action or
proceedings before any court or administrative agency that, in the judgment of the Company's management based on the advise of legal counsel, makes the Company the subject of litigation, judgment,
decree, order, citation, complaint, or notice of violation relating to or arising out of environmental laws or issues, which may materially adversely affect the Company's financial condition. Said
notice shall be given to the Bank within 30 days of such determination.

 

 
 

ARTICLE IV
  COVENANTS OF THE COMPANY    
  

        SECTION 4.1    So long as the Company may borrow hereunder and until payment in full of the Note and performance of all other
obligations of the Company under this Agreement, the Company shall: 

        (a)  (i) Furnish
to the Bank within 45 days after the end of each quarter during each fiscal year a consolidated balance sheet and income statement;
(ii) furnish to the Bank within 150 days after the end of each fiscal year of the Company an audited consolidated balance sheet and income statement; (iii) furnish to the Bank
within 150 days after the end of each fiscal year of the Company projections for the ensuing year; and(iv) permit or cause to permit the Bank at any reasonable time during normal
business hours to have access to the books and records of the Company and to inspect or otherwise check the properties of the Company, but only upon at least three (3) business days notice by
the Bank. 

        (b)  Furnish
to the Bank within 30 days after the end of each calendar quarter and at the time of each request for an advance on the Loan (unless otherwise stated in
Section 2.1) a completed and signed Borrowing Base Certificate, a blank copy of which is attached as Exhibit A, accompanied by copies of the same month's end accounts receivable aging
and summary inventory lists. The inventory lists so provided shall include separate listings for inventory deemed discontinued or obsolete by the Company. 

        (c)  Maintain
a Current Ratio of at least 1.0 to 1 at the end of each calendar quarter. While the Company and the Bank acknowledge that this calculation need only be
performed at the end of each calendar quarter, the Company agrees in principle to maintain such financial covenant on an ongoing basis, and shall use reasonable efforts to insure compliance with same. 

        (d)  Maintain
a Consolidated Debt to Worth Ratio not to exceed 1.6 to 1 at the end of each calendar quarter. While the Company and the Bank acknowledge that this calculation
need only be performed at the end of each calendar quarter, the Company agrees in principle to maintain such financial covenant on an ongoing basis, and shall use reasonable efforts to insure
compliance with same. 

        (e)  Maintain
a minimum Shareholder Equity position of $20,000,000.00, as defined under Generally Accepted Accounting Principles at the end of each calendar quarter. While
the Company and the Bank acknowledge that this calculation need only be performed at the end of each calendar quarter, the Company agrees in principle to maintain such financial covenant on an ongoing
basis, and shall use reasonable efforts to insure compliance with same. 

        (f)    Use
the Bank as its principal depository for all demand and savings business accounts. 

        (g)  Allow
the Bank the opportunity to bid on all short-term investments held in the form of cash and / or cash equivalents including certificates of deposit and
repurchase agreements provided that this obligation to allow the Bank to bid shall only extend to short-term investments in excess of
$1,000,000.00 and provided further that such obligation shall not extend to other investments in connection with acquisitions owed to the seller or affiliates of the seller. 

        (h)  Maintain
insurance with responsible companies on such of its properties, in such amounts and against such amount and against such risks as is reasonable and customarily
maintained by similar businesses operating in the same vicinity, and file with the Bank evidence of such coverage which names the Bank as Loss Payee. 

        (i)    Comply
in all material respects with all laws, ordinances, rules and regulations of all governmental authorities, now or hereafter in effect, applicable to the
ownership, production, disposition, or use of the assets included in the Borrowing Base if the failure to comply would have a

  
material adverse affect on the Company. The Company may contest in good faith any such law, ordinance or regulation and withhold compliance during any proceeding, including appropriate appeals. 

        (j)    Promptly
provide notice to the Bank of (i) the occurrence of an Event of Default; (ii) the occurrence of a "Reportable Event" (as defined in ERISA); or
(iii) the institution of steps by the Company to withdraw from or terminate any employee benefit plan as to which the Company may have any liability material to the Company's business and
operations. 

        (k)  Permit
the Bank to perform inspections of the Company's accounts receivable, inventory, and other pertinent financial records, to be conducted during regular business
hours and by the Bank giving at least three business days' prior notice. Said inspections are to be limited to a maximum of three annually. 

        (l)    Promptly
furnish to the Bank copies of all documents filed by it with the Securities and Exchange Commission, the National Association of Securities
Dealers, Inc., any securities exchange or any state securities commission, limited to all registration statements, annual reports on Form 10K, quarterly reports on Form 10Q,
reports on Form 8K, proxy statements and annual reports to shareholders, and all amendments there to. 

        Section 4.2    So long as the Company may borrow hereunder and until payment in full of the Note and performance of all
other obligations of the Company hereunder, the Company shall not: 

        (a)  Pay
a cash dividend on capital stock now or hereafter outstanding, or redeem, retire, purchase or otherwise acquire directly or indirectly any shares of the debtor's
stock now or hereafter outstanding provided that the Company may redeem shares of the Company's stock owned by employees or former employees of the Company up to a maximum of $1,000,000 per year and
provided further that nothing
in this Section 4.2(a) shall prevent the cashless exercise of stock options granted by the Company, or the purchase of its common stock up to the amount of 50% of operating income earned during
the prior twelve months plus any equity issued subsequent to the December 31, 2000. Any such purchase of common stock shall be in compliance with the terms stated in Section 4.1. 

        (b)  Without
the written consent of the Bank, enter into any mergers, acquisitions or consolidations unless the Company is the surviving entity. 

        (c)  Without
providing prior notice to the Bank, sell, lease or otherwise dispose of all or any substantial part of its assets or operation other than in the ordinary course
of the Company's business; The sale of website codes and rights is expressly accepted and noted. 

        (d)  Without
providing prior notice to the Bank, make any loans or advances to another person or entity, enter into any direct borrowings other than purchase money security
agreements for equipment acquisitions or assume, guarantee or otherwise become contingently liable on any borrowings or indebtedness of another person or entity 

          (i)  Advances
not to exceed 1% of the total assets of the Company in the aggregate are expressly permitted. 

        (ii)  Advances
and borrowings between the Company and its subsidiaries are expressly permitted. 

        (e)  Without
the prior written consent of the Bank, permit any Pension and/or Profit Sharing Plan maintained by it to: 

          (i)  Engage
in any "prohibited transaction" as such term is defined in section 4975 of the Internal Revenue Code of 12954, as amended; 

        (ii)  Incur
any "accumulated funding deficiency" as such term is defined in section 302 of ERISA; or

 

        (iii)  Terminate
in a manner that could result in the imposition of a lien on the property of the Company pursuant to section 4068 to ERISA. 

        (f)    Without
the prior written consent of the Bank, create, incur or permit to exist any material lien, security interest or other encumbrance upon any of its properties or
assets included in the Borrowing Base which ranks senior to or pari passu with the security interest of the Bank, except the following liens are expressly permitted(each a "Permitted Lien") 

	1)
	Liens
for taxes not yet due or which are being contested in good faith (a "Tax Dispute");

	2)
	pledges
and deposits made in the ordinary course of business and/or in compliance with workmen's compensation, unemployment insurance and other social
security laws or regulations, as applicable;

	3)
	zoning
restrictions, easements, rights-of-way, restrictions on use of real property and other similar encumbrances incurred in
the ordinary course of business which, in the aggregate, are not substantial in amount and do not materially detract from the value of the property subject thereto or interfere with the ordinary
conduct of the business of the Company or any of its subsidiaries;

	4)
	Liens
which arise in the ordinary course of business for sums not due or sums which the Company is contesting in good faith and by appropriate
proceedings and with respect to which the Company has made adequate reserves in accordance with GAAP, but which do not involve any deposits or advances or borrowed money or the deferred purchase price
of property or services;

	5)
	purchase
money security interests incurred in connection with the Company's normal business activities;

	6)
	statutory
Liens securing the claims or demands of materialmen, mechanics, carriers, warehousemen, landlords and other like persons for labor, materials,
supplies or rentals incurred in the ordinary course of the Company's business; provided that the underlying obligations relating to such Liens are paid in the ordinary course of business or are being
contested in good faith and by appropriate proceedings and with respect to which the Company has made adequate reserves in accordance with GAAP;

	7)
	attachment,
judgment and other similar non-tax Liens with respect to which no Event of Default would exist pursuant to Article V;

	8)
	those
created under the documents creating and perfecting the Bank's security interests in the collateral hereunder;

	9)
	those
liens created to secure Debt owed by the Company's Real Goods Trading Corp. subsidiary to the California Statewide Certified Development
Corporation dated June 17, 1996, as amended, in the original principal amount of $604,000 and any guarantees of such Debt by the Company;

	10)
	Capital
Leases (defined in accordance with GAAP) in an aggregate annual amount less than $1,500,000.00, provided that notice of all Capital Lease
transactions of $500,000.00 or greater shall be provided to Bank prior to or concurrently with the such Debt transaction; and

	11)
	liens
that may exist on the assets or securities of acquired business that may be acquired by the Company in the future. 

 

ARTICLE V
  EVENTS OF DEFAULT  

        Section 5.1    The occurrence of any of the following events shall be an "Event of Default", unless cured within ten
business days of written notice to the Company by the Bank: 

        (a)  Any
payment of principal or interest owed to the Bank shall not be made when due and not be cured within ten business days thereafter; or 

        (b)  Any
representation or warranty made by the Company in connection with the execution and delivery of this Agreement, or in any certificate furnished pursuant hereto,
shall prove to be at any time incorrect in any material respect; or 

        (c)  The
Company shall fail to materially perform or observe any other term, covenant or agreement contained in this Agreement and such failure shall continue for a period of
ten business days after written notice to the Company from the Bank; which failure to perform or observe any covenant having occurred subsequent to review of the occasion with the Bank; or 

        (d)  Any
obligation of the Company to the Bank for the payment of borrowed money is not made at maturity, whether by acceleration or otherwise, or is declared to be due and
payable prior to the stated maturity thereof by reason of default or other violation of the terms thereof. 

        (e)  The
Company shall fail to exercise reasonable efforts to protect and preserve the collateral, liens, and security interests securing the Loans in all material respects. 

        Section 5.2    Upon the occurrence of an Event of Default, the obligation of the Bank to make advances under this
Agreement or any other loan commitment to the Company and to issue Letters of Credit shall terminate and the Bank may declare the principal balance, together with accrued interest thereon, to be
immediately due and payable, and the same shall forthwith become immediately due and payable without presentment, protest, notice or demand of any kind, all of which are hereby expressly waived by the
Company. Upon any such Event of Default, the Bank may proceed with each and every remedy provided for it in this Agreement, the Note, or security agreements and other instruments executed in
connection with the Loans, anything in said instruments to the contrary notwithstanding, and may pursue any other remedy available to the Bank, whether in law or equity, to enforce collection of all
sums due and owing to the Bank, all of such right and remedies being cumulative and not exclusive of all rights and remedies which the Bank has or may have against the Company. 

ARTICLE VI
  MISCELLANEOUS  

        Section 6.1    No failure on the part of the Bank in exercising any power or right hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right or power preclude any other or further exercise thereof or the exercise of any other right or power hereunder. No modification or
waiver of any provision of this Agreement nor consent to any departure by the Company therefrom shall in any event be effective unless the same shall be in writing and then such a waiver or consent
shall be effective only in the specific instance and for the purposes for which it was given. No notice or demand on the Company in any case shall entitle it to any other or further notice or demand
in similar or other circumstances. 

        Section 6.2    No modification of this Agreement shall be effective unless the same be in writing and mutually agreeable
between the two parties.

 

        Section 6.3    The Company agrees to pay all costs incurred by both parties in connection with the enforcement of any
provision of this Agreement, the collection of the Note or the foreclosure or realization upon any security therefor, except as otherwise ordered by a court or arbitrator. 

        Section 6.4    This Loan Agreement supercedes a document of the same name dated April 16, 2001, as amended. 

        Section 6.5    The Company agrees to defend, indemnify, and hold harmless the Bank for, from, and against and to
reimburse the Bank with respect to any and all claims, actions, costs and expenses whatsoever (including, without limitation, attorneys fees and expenses and costs reasonably incurred), known or
unknown, asserted against or incurred by the Bank at any time by reason of or arising out of or relating to any actual or alleged violation of any existing or future environmental law or actual or
threatened Contamination relating to the property or activities of the Company, whether or not such contamination was in violation of any environmental statute. This indemnity shall last indefinitely
and is specifically intended to survive this Agreement. 

        Section 6.6    All notices or other communications required or permitted under this Agreement shall be in writing and
shall be deemed given when personally delivered or mailed to the respective parties' addresses as set forth above. On any matters dealing with Events of Default, the Bank shall deliver written notice
either in person or via registered mail at the address shown above to all of the following: the Company's Chairman, its President, and its Chief Financial Officer of record as of the date of said
notice. While notice shall be made to the people in all three positions, notice so given shall serve as notice to the Company when received by any one person in one or more of these positions. 

        Section 6.7    This Agreement and the rights and obligations of the parties hereunder shall be construed and interpreted
in accordance with the laws of the State of Colorado. 

	Wells Fargo Bank West, N.A.	 	Gaiam, Inc.
	

By:	
 	

/s/  THOMAS H. STAUFFER      
 Vice President	
 	

By:	
 	

/s/  JIRKA RYSAVY      
 Chairman & C.E.O.

QuickLinks

Exhibit 10.1

LOAN AGREEMENT

ARTICLE IV COVENANTS OF THE COMPANYUse these links to rapidly review the document

  TABLE OF CONTENTS

Exhibit 10.5  

 AMENDED AND RESTATED

OFFICE LEASE  

FUND IX, FUND X, FUND XI AND REIT JOINT VENTURE

"LANDLORD"  

and  

GAIAM, INC.

"TENANT"  

360 Interlocken Boulevard

Broomfield, Colorado  

  

 

TABLE OF CONTENTS    
  

          
 

	ARTICLE 1—DEMISE
	 	 	1.1	 	Demise
	ARTICLE 2—TERM
	 	 	2.1	 	Term
	 	 	2.2	 	Intentionally Deleted
	 	 	2.3	 	Landlord's Work
	ARTICLE 3—RENT
	 	 	3.1	 	Base Rent
	 	 	3.2	 	Additional Rent
	 	 	3.3	 	Interest on Late Payments and Late Payment Charge
	ARTICLE 4—OPERATING EXPENSE ADJUSTMENT
	 	 	4.1	 	Definitions
	 	 	4.2	 	Rent Adjustments
	 	 	4.3	 	Reimbursement Survives Termination
	ARTICLE 5—BUILDING SERVICES
	 	 	5.1	 	Standard Services
	 	 	5.2	 	Interruption of Standard Services
	 	 	5.3	 	Services Paid by Tenant
	 	 	5.4	 	Above-Standard Service Requirements
	 	 	5.5	 	Cleaning
	 	 	5.6	 	Re-Lamping
	 	 	5.7	 	Fiber Optic
	 	 	5.8	 	After Hours Access
	ARTICLE 6—TENANT REPAIR
	 	 	6.1	 	Damage by Tenant
	 	 	6.2	 	Maintenance
	 	 	6.3	 	Good Condition
	 	 	6.4	 	Surrender
	 	 	6.5	 	Broken Glass
	ARTICLE 7—ASSIGNMENT AND SUBLETTING
	 	 	7.1	 	Limitations
	 	 	7.2	 	Acceptance of Performance
	 	 	7.3	 	Document Review
	 	 	7.4	 	Subletting
	 	 	7.5	 	Affiliated Entity
	ARTICLE 8—TRANSFER BY LANDLORD AND LIMITED LIABILITY
	 	 	8.1	 	Transfer of Landlord's Interest
	 	 	8.2	 	Limited Liability of Landlord
	 	 	8.3	 	Limited Liability of Tenant
	ARTICLE 9—USE OF PROCEEDS
	 	 	9.1	 	Use
	 	 	9.2	 	Compliance with Rules and Regulations
	 	 	9.3	 	Electronics Testing Lab
	ARTICLE 10—INSURANCE
	 	 	10.1	 	Tenant's Insurance
	 	 	10.2	 	Landlord's Insurance
	 	 	10.3	 	Subrogation
	ARTICLE 11—OBSERVANCE OF LAW

 

	 	 	11.1	 	Law
	 	 	11.2	 	Taxes
	ARTICLE 12—WASTE AND NUISANCE
	ARTICLE 13—ENTRY BY LANDLORD
	ARTICLE 14—INDEMNIFICATION OF LANDLORD
	 	 	14.1	 	Tenant's Indemnity
	 	 	14.2	 	Landlord's Indemnity
	 	 	14.3	 	Comparative Negligence
	ARTICLE 15—ALTERATIONS
	 	 	15.1	 	Alterations by Tenant
	 	 	15.2	 	Alterations by Landlord
	ARTICLE 16—SIGNS AND ADVERTISING
	ARTICLE 17—SUBORDINATION TO MORTGAGES AND DEEDS OF TRUST
	ARTICLE 18—ESTOPPEL CERTIFICATE/FINANCIAL INFORMATION
	 	 	18.1	 	Estoppel Certificate
	 	 	18.2	 	Financial Information
	ARTICLE 19—QUIET ENJOYMENT
	ARTICLE 20—FIXTURES
	ARTICLE 21—DAMAGE OR DESTRUCTION
	 	 	21.1	 	Casualty
	 	 	21.2	 	Casualty Caused by Tenant
	ARTICLE 22—CONDEMNATION
	 	 	22.1	 	Eminent Domain
	 	 	22.2	 	Damages
	 	 	22.3	 	Restoration
	ARTICLE 23—LOSS AND DAMAGE AND DELAY
	 	 	23.1	 	Loss and Damage
	 	 	23.2	 	Delays
	ARTICLE 24—DEFAULT AND REMEDIES
	 	 	24.1	 	Default by Tenant
	 	 	24.2	 	Remedies of Landlord
	 	 	24.3	 	Landlard's Default
	 	 	24.4	 	Personal Property Lien
	 	 	24.5	 	No Consequential Damages
	ARTICLE 25—HOLDING OVER
	ARTICLE 26—NOTICE
	 	 	26.1	 	Notice
	 	 	26.2	 	Change of Address
	ARTICLE 27—SECURITY DEPOSIT
	ARTICLE 28—MISCELLANEOUS PROVISIONS
	 	 	28.1	 	Captions
	 	 	28.2	 	Waiver
	 	 	28.3	 	Entire Agreement
	 	 	28.4	 	Severability
	 	 	28.5	 	Modification
	 	 	28.6	 	Governing Law
	 	 	28.7	 	Successors and Assigns
	 	 	28.8	 	Authorization to Execute
	 	 	28.9	 	Guaranty of Lease.
	 	 	28.10	 	Approval of Documents
	 	 	28.11	 	Attorneys Fees

 

	 	 	28.12	 	Use of Names
	ARTICLE 29—SUBSTITUTION OF PREMISES
	ARTICLE 30—RECORDING
	ARTICLE 31—REAL ESTATE BROKER
	ARTICLE 32—RENT PREPAYMENT
	ARTICLE 33—OPTION
	 	 	33.1	 	Option to Extend
	 	 	33.2	 	Refurbishment Allowance
	 	 	33.3	 	Right of First Offer to Lease Additional Space in the Building
	 	 	33.4	 	Generator
	ARTICLE 34—RATIFICATION OF RESTATEMENT
	 	 	34.1	 	Ratification and Binding Effect
	 	 	34.2	 	Entire Agreement
	 	 	34.3	 	Miscellaneous

  

AMENDED AND RESTATED

OFFICE LEASE

360 INTERLOCKEN BOULEVARD

BROOMFIELD, COLORADO  

        THIS AMENDED AND RESTATED LEASE (the "Lease") is made this            day of January, 2002, by and between FUND IX, FUND X,
FUND XI AND REIT JOINT VENTURE, a
Georgia joint venture, ("Landlord") and GAIAM, INC., a Colorado corporation ("Tenant"). 

W  I  T  N  E  S  S  E  T  H:  

        WHEREAS, Landlord's predecessor-in-title, Orix Prime West Brookfield Venture ("Orix"), as landlord, and Transecon, Inc.,
predecessor by name change to Tenant, as tenant, entered into that certain Office Lease dated as of June 19, 1996 (the "Original Lease"), pertaining to certain premises located in that certain
building known as 360 Interlocken Building (the "Building"), located at 360 Interlocken Boulevard, Broomfield, Colorado 80021, on that certain real property more particularly described on  Exhibit A
attached hereto and made a part hereof (the "Property"); and 

        WHEREAS,
prior to the date hereof, the Original Lease has been amended by that certain First Amendment to Transecon, Inc. Lease between Orix
(predecessor-in-title to Landlord) and Transecon (predecessor by name change to Tenant), dated December 19, 1997 (the "First Amendment"), and has been further amended by
that certain Second Amendment to Lease Agreement between Landlord and Tenant, dated as of October 1, 1999 (the "Second Amendment") (the Original Lease, as modified by the First Amendment and
the Second Amendment, is hereinafter referred to as the "Lease"); and 

        WHEREAS,
Landlord and Tenant desire to enter into this Amended and Restated Lease (a) to extend the Lease Term as to the existing Premises, less and except those portions of the
existing Premises located on the first (1st) floor of the Building which are comprised of (i) 1,510 rentable square feet of space in Suite 105, (ii) that certain first
floor suite containing approximately 1,882 rentable square feet of space which was added pursuant to the Second Amendment, and (iii) that certain first floor suite containing 2,950 rentable
square feet of space which also was added pursuant to the Second Amendment, (b) to add to the Premises effective as of April 1, 2002 certain space on the second (2nd) floor
of the Building that Gaiam currently is subleasing from ODS Technologies, L.P. ("ODS
Technologies"), (c) to provide for an option to extend the Lease Term and (d) to provide for certain other options and rights all on the terms and conditions hereinafter set forth; 

        NOW,
THEREFORE, for and in consideration of the premises, the covenants and agreements hereinafter contained, and for Ten Dollars ($10.00) and other good and valuable consideration in
hand paid by each party hereto to the other, the receipt and sufficiency of which are hereby acknowledged, Tenant and Landlord hereby covenant and agree to amend and restate the Lease, effective as of
April 1, 2002, as follows: 

 
 
 

ARTICLE 1
  
    DEMISE    
  

 
 
 

 
 
        1.1    Demise.     Effective as of April 1, 2002, Landlord does hereby lease to Tenant and Tenant hereby
leases from Landlord those certain premises (the "Premises")
consisting of the entire third (3rd) floor of the Building, together with that portion of the second (2nd) floor of the Building that Tenant previously has subleased from
ODS Technologies, which Premises are generally depicted on the floor plans attached hereto as Exhibit B, together with a
non-exclusive right subject to the provisions hereof, to use all appurtenances thereto, including, but not limited to, any plazas, common areas, walkways or other areas in the Building or
on the Property designated by Landlord for the exclusive or

  
non-exclusive use of the tenants of the Building, all of which inclusive of the Building are hereinafter collectively called the "Building Complex". 

        For
purposes of this Amended and Restated Lease, Landlord and Tenant hereby agree that the portion of the Premises which consists of the third (3rd) floor of the Building
contains approximately 19,013 rentable square feet of space. Landlord and Tenant further agree that that portion of the Premises which consists of the second (2nd) floor space previously
subleased by Tenant from ODS Technologies contains approximately 4,923 rentable square feet, subject expressly, however, to Landlord's right to measure and verify the number of rentable square feet
contained on the second and third floors of the Building in accordance with a modified BOMA system, as determined by Landlord, and as applied to all tenants as set forth in Section 4.1(a)
below, and Tenant's agreement, if said area contains more or less than 23,936 rentable square feet, to enter into an amendment to this Amended and Restated Lease reflecting the actual number of
rentable square feet contained in the Premises. 

        Such
letting and hiring is upon and subject to the terms, conditions and covenants herein set forth, and Tenant covenants as a material part of the consideration for this Lease to keep
and perform each and all of said terms, conditions and covenants by it to be kept and performed and that this Lease is made upon the condition of such performance. 

 
 
 

ARTICLE 2
  
    TERM    
  

 
 
        2.1    Term.     The term of this Lease commenced on September 13, 1996 (the "Commencement Date") and shall
end at 5:00 p.m. on May 31, 2005, unless extended
or sooner terminated as herein provided (the "Lease Term"). 

 
 
        2.2    Intentionally Deleted.     

 
 
        2.3    Landlord's Work.     Landlord shall have no obligation for making any improvements in the Premises and
Tenant hereby accepts the Premises in its "AS IS" condition. 

 
 
 

ARTICLE 3
  
    RENT    
  

 
 
        3.1    Base Rent.     Effective as of April 1, 2002, the annual base rental rate (the "Base Rental Rate")
shall be Twenty-Four and No/100 Dollars ($24.00) per
rentable square foot. Effective as of April 1, 2002, Tenant agrees to pay as base annual rent (the "Base Rent") during the remaining Term of this Lease, an amount equal to the Base Rental Rate,
multiplied by the number of rentable square feet contained in the Premises from time to time (the "Rentable Area"). Commencing April 1, 2002, the Base Rental shall be Five Hundred
Seventy-Four Thousand Four Hundred Sixty-Four and No/100 Dollars ($574,464.00) per annum payable in equal monthly installments of Forty-Seven Thousand Eight Hundred
Seventy-Two and No/100 Dollars
($47,872.00), without notice, deduction, set-off or abatement to the Landlord at the address of Landlord as set forth in Section 26.1 or at such other address as the Landlord may
notify the Tenant of in writing, in lawful money of the United States payable in advance on the first day of each month. If the Lease Term commences or terminates on a day other than the first or last
day of a calendar month respectively, then the installments of Base Rent for such month or months shall be prorated and the installments so prorated shall be paid in advance. The term "Lease Year"
shall mean each twelve month period subsequent to the Commencement Date. The Base Rental Rate shall be adjusted as of June 1 of each year as set forth in Section 4.2(b) below. 

 
 
        3.2    Additional Rent.     Any other sums of money or charges to be paid by the Tenant pursuant to the provisions
of this Lease may be designated as "Additional Rent". A failure to pay
Additional Rent shall be treated in all events as the failure to pay rent.

 

 
 
        3.3    Interest on Late Payments and Late Payment Charge.     Any rent (whether Base Rent or Additional Rent) or
other amount due from Tenant to Landlord under this Lease not paid within five (5) days of the date due
shall bear interest from the date due until the date paid at the rate of two percent (2%) per month (the "Default Rate"), but the payment of such interest shall not excuse or cure any default by
Tenant under this Lease. Failure to charge or collect such interest in connection with any one or more such late payments shall not constitute a waiver of Landlord's right to charge and collect such
interest in connection with any other or similar or like late payments. 

        Furthermore,
in the event any rent or other amounts owing hereunder are not paid within five (5) days after the due date, then Landlord and Tenant agree that Landlord will incur
additional administrative expenses, the amount of which will be difficult if not impossible to determine. Accordingly, in addition to such required payment, Tenant shall pay to Landlord an additional
one time late charge for any such late payment in the amount of five percent (5%) of the amount of such late payment. 

        Notwithstanding
the above, Landlord agrees that it shall waive such late charge and interest twice during any calendar year provided Tenant is not otherwise in default hereunder. Tenant
shall not be deemed late if the Rent payment is postmarked by the United States Post Office no later than the last day of the five (5) day period set forth above, the payment is actually
received and Tenant uses all reasonable efforts to make all payments when due. 

 
 
 

ARTICLE 4
  
    OPERATING EXPENSE ADJUSTMENT    
  

 
 
        4.1    Definitions.     The following terms shall have the following meanings with respect to the provisions of
this Section 4.1: 

        (a)  Effective
as of April 1, 2002, Tenant's "Prorata Share" shall mean that fraction, the numerator of which is the Rentable Area of the Premises (23,936 rentable
square feet) and the denominator of which is 51,974 square feet being the total Rentable Area of the Building Complex and is equal to 46.05%, which calculation shall be final except as specifically
set forth herein. At such time, if ever, any space is added to or subtracted from the Premises or if Tenant's second (2nd) and third (3rd) floor space is
re-measured and verified by Landlord as hereinbelow provided, the Tenant's Prorata Share shall be adjusted accordingly. Landlord's system for measurement of Rentable Area shall be a
modified BOMA, as determined by Landlord, and as applied to all tenants. Landlord reserves the right to re-measure the Rentable Area of the Building and Premises from time to time. 

        (b)  "Real
Estate Taxes" shall include (a) any form of assessment (including any so-called "special" assessments), license tax, business license fee,
business license tax, commercial rental tax, levy, charge, penalty or tax, imposed by any authority having the direct power to tax, including any city, county, state or federal government, or any
school, agricultural, lighting, water, drainage or other improvement or special district thereof, against the Premises, the Building, Property, or Building Complex or any legal or equitable interest
of the Landlord therein; (b) any tax on the Landlord's right to rent or other income from the Premises or against the Landlord's business of leasing the Premises; and (c) any
assessments, tax, fee, levy or charge in substitution, partially or totally, of or in addition to any assessment, tax, fee, levy or charge previously included within the definition of Real Estate
Taxes which may be imposed by governmental agencies for such services as fire protection, street, sidewalk and road maintenance, refuse removal and for other governmental services formerly provided
without charge to property owners or occupants. It is the intention of the Landlord and the Tenant that all such new and increased assessments, taxes, fees, levies and charges be included within the
definition of Real Estate Taxes for purposes of this Lease. The following shall also be included within the definition of Real Estate Taxes for purposes

  
of this Lease, provided, however, that the Tenant shall pay the Landlord the entire amount thereof: (i) any tax allocable to or measured by the area of the Premises or the rental payable
hereunder, including without limitation, any gross income, privilege, sales or excise tax levied by the State, any political subdivision thereof, city, municipal or federal government, with respect to
the receipt of such, rental, or upon or with respect to the possession, leasing, operating, management, maintenance, alteration, repair, use or occupancy by the Tenant of the Premises or any portion
thereof; and (ii) any tax upon this transaction or any document to which the Tenant is a party, creating or transferring an interest or an estate in the Premises. "Real Estate Taxes" shall not
include the Landlord's federal or state income, franchise, inheritance, or estate taxes. "Real Estate Taxes" included in this definition mean taxes or assessments in the year assessed, without regard
to the year in which same become due or payable. 

        (c)  "Operating
Expenses" shall mean all maintenance and operating costs of any kind or nature with respect to the operation, ownership and maintenance of the Building
Complex and shall include, but not be limited to, the cost of building supplies, window cleaning, costs incurred in connection with all energy sources for the Building such as propane, butane, natural
gas, steam, electricity, solar energy and fuel oil; the costs of water and sewer service, janitorial services, both interior and exterior, general maintenance and repair of the Building Complex
including the heating and air conditioning systems and structural components of the Building; landscaping, maintenance, repair and striping of all parking areas; insurance, including fire and extended
coverage and public liability insurance and any rental insurance and all risk insurance carried by Landlord pursuant to Section 10.2; labor costs incurred in the operation and maintenance of
the Building Complex, including wages and other payments; costs to the Landlord for worker's compensation and disability insurance; payroll taxes and welfare fringe benefits, including, professional
building management fees which shall not exceed four percent (4%) of gross receipts for the Building Complex, legal, inspection and consultation fees incurred in connection with the Building Complex;
any association fees due in accordance with or as referenced in recorded documents; any expense attributable to costs incurred by the Landlord for any capital improvements or structural repairs to the
Building or Property required by any change in the laws, ordinances, rules, regulations or otherwise which were not in effect on the date the Landlord obtained its building permit to construct the
Building required by any governmental or quasi-governmental authority having jurisdiction over the Building which costs shall be amortized over the useful life of the capital improvements or
structural repair; and any costs incurred by the Landlord in making capital improvements or other modifications to the Building or any part thereof, which costs shall be amortized over the useful life
of such improvement or modification with interest at the rate of ten percent (10%) per annum on the unamortized amount, in accordance with such reasonable life and amortization schedules and shall be
determined by Landlord in accordance with generally accepted accounting principles. Operating Expenses shall expressly exclude costs of maintenance and repair reimbursed by insurance proceeds,
alterations or other specific costs attributable solely to other tenant's space in the Building which was under the respective terms of the lease such tenant's responsibility and thereupon billed to
such tenants, and legal fees for financing, sales of the Building Complex, preparing and enforcing leases and any other legal fees which do not specifically relate to the operation and maintenance of
the Building Complex. 

        (d)  "Variable
Operating Expenses" shall mean those Operating Expenses which vary with occupancy levels or which vary with areas serviced based upon occupied Rentable Area.
Landlord agrees that Tenant, if it is paying any utilities directly or performing its own janitorial services (including light bulb replacement), shall be responsible for its prorata share of such
utilities and services (including light bulbs) only for the common areas of the Building Complex. 

        (e)  "Base
Year" shall mean calendar year 2002.

 

        (f)    "Uncontrollable
Expenses" shall mean Real Estate Taxes, utilities and insurance paid or incurred by Landlord in connection with the operation, ownership, maintenance and
repair of the Building Complex. 

 
 
        4.2    Rent Adjustments.     Landlord and Tenant agree that the following adjustments to Rent shall be made with
respect to each calendar year (or portion thereof) within the Term: 

        (a)    Payments of Increases in Taxes, Utilities and Insurance.    Commencing April 1, 2002, Tenant shall pay
to Landlord as additional rent an amount equal to Tenant's Proportionate or Prorata Share of the amount by which the amounts paid or incurred by Landlord for Uncontrollable Expenses in any calendar
year after the Base Year exceed the amounts paid or incurred by Landlord for Uncontrollable Expenses during the Base Year, with appropriate and equitable adjustment for Variable Operating Expenses in
the Base Year and each subsequent year (the "Increased Uncontrollable Expenses"). It is agreed that the Tenant shall, during each calendar year after the Base Year, pay to the Landlord an estimate of
the Tenant's Prorata Share of such Increased Uncontrollable Expenses as hereinafter set forth. Beginning January 1, 2003, and continuing each calendar year (or portion thereof) during the Lease
Term, the Tenant shall pay to the Landlord each month on the first day of the month an amount equal to one-twelfth (1/12) of Tenant's Prorata Share of the Increased Uncontrollable Expenses
for such new calendar year as reasonably estimated by the Landlord, with an adjustment to be made between the parties at a later date as hereinafter provided. Furthermore, Landlord may from time to
time but no more than three (3) times during any Lease Year furnish Tenant with notice of a re-estimation of the Uncontrollable Expenses and Tenant shall commence paying its
re-estimated Prorata Share on the first day of the month following receipt of said notice. As soon as practicable following the end of any calendar year but in no event later than
April 15, the Landlord shall submit to the Tenant a statement setting forth the exact amount of the Tenant's Prorata Share of the Increased Uncontrollable Expenses for the calendar year just
completed and the difference, if any, between the Tenant's actual Prorata Share of the Increased Uncontrollable Expenses for the calendar year just completed and the estimated amount of the Tenant's
Prorata Share of the Increased Uncontrollable Expenses (which were paid in accordance with this subparagraph) for such year. Such statement shall also set forth the amount of the estimated Increased
Uncontrollable Expenses reimbursement for the new calendar year computed in accordance with the foregoing provisions. To the extent that the Tenant's Prorata Share of the actual Increased
Uncontrollable Expenses for the period covered by such statement are higher than the estimated payments which the Tenant previously paid during the calendar year just completed, the Tenant shall pay
to the Landlord the difference within thirty (30) days following receipt of said statement from the Landlord. To the extent that the Tenant's Prorata Share of the actual Increased
Uncontrollable Expenses for the period covered by the Statements are less than the estimated payments which the Tenant previously paid during the calendar year just completed, the Landlord may at its
option either refund said amount to Tenant or credit the difference against the Tenant's estimated reimbursement for such Increased Uncontrollable Expenses for the current year. In addition, with
respect to the monthly reimbursement, until the Tenant receives such statement, the Tenant's monthly reimbursement for the new calendar year shall continue to be paid at the then current rate, but the
Tenant shall commence payment to the Landlord of the monthly installments of reimbursement on the basis of the statement beginning on the first day of the month following the month in which Tenant
receives such statement. 

        (b)    Adjustment of Base Rent.    Commencing in calendar year 2003, the Base Rent Rate shall be adjusted as of
June 1 of such year and as of June 1 of each subsequent year during the Lease Term to an amount equal to the sum of (i) the product obtained by multiplying the

  
amount by which the Base Rental Rate for the previous calendar year exceeds the Real Estate Taxes and Operating Expenses actually incurred for the Base Year (determined on a rentable square foot
basis) by one hundred two percent (102%), plus (ii) the Real Estate Taxes and Operating Expenses actually incurred for the Base Year (determined on a rentable square foot basis). As soon as
practicable following the end of year 2002 and each subsequent year but in no event later than April 15 of such year, the Landlord shall submit to the Tenant a statement setting forth the
amount of the Real Estate Taxes and Operating Expenses for the Base Year, the amount by which the Base Rental Rate for the previous calendar year exceeds the Real Estate Taxes and Operating Expenses
for the Base Year (determined on a rentable square foot basis) and Landlord's calculation of the adjustment in the Base Rental Rate to be effective as of June 1 of the then current year as set
forth herein. If Landlord fails to provide such statement to the Tenant by June 1 of such year, the Tenant shall continue to pay Base Rent at the Base Rental Rate in effect for the previous
year, but the Tenant shall pay all amounts due and payable as the adjusted Base Rent at the adjusted Base Rental Rate on the basis of the statement beginning on the first day of the month following
the month in which Tenant receives such statement. 

        (c)  The
Tenant's obligation with respect to its Prorata Share of Increased Uncontrollable Expenses and adjusted Base Rent shall survive the expiration or early termination
of this Lease and the Landlord shall have the right to retain the Security Deposit (if any), or so much thereof as it deems necessary, to secure payment of the same. If the Tenant occupies the
Premises for less than a full calendar year during the first or last calendar years of the term hereof, the Tenant's Prorata Share for such partial year shall be appropriately prorated to reflect the
number of months in such year during which Tenant occupied the Premises. The Tenant shall pay all amounts due hereunder within thirty (30) days following receipt of notice thereof. 

        (d)  The
Tenant shall have the right but not more than once per annum, at any time within thirty (30) days after a statement of actual Real Estate Taxes and Operating
Expenses for a particular calendar year has been rendered by the Landlord as provided herein, at Tenant's sole cost and expense, to examine the Landlord's books and records during normal business
hours (upon reasonable prior written notice to Landlord), at Landlord's office relating to the determination of such Real Estate Taxes and Operating Expenses. Unless Tenant objects to the statement
provided by Landlord, within said thirty (30) day period, such statement and adjustment shall be deemed conclusive. 

 
 
        4.3    Reimbursement Survives Termination.     In the event of the termination of this Lease by expiration of the
stated term or for any other cause or reason whatsoever prior to the determination of rental
adjustment as hereinafter set forth, the Tenant's agreement to reimburse Landlord up to the time of termination shall survive termination of the Lease and the Tenant shall pay any amount due to the
Landlord within fifteen (15) days after being billed therefor. In the event of the termination of this Lease by expiration of the stated term or for any other cause or reason whatsoever, except
default by the Tenant of any of the terms or provisions of this Lease, prior to the determination of rental adjustments as hereinabove set forth, the Landlord's agreement to refund any excess
additional rental paid by the Tenant up to the time of termination shall survive termination of the Lease and the Landlord shall pay the amount due to the Tenant within fifteen (15) days of the
Landlord's determination of such amount. This covenant shall survive the expiration or termination of this Lease. 

        If
the last year of the term of this Lease ends on any day other than the last day of December, any payment due to the Landlord by reason of any increase in Real Estate Taxes and
Operating Costs shall be prorated on the basis by which the number of days in such partial year bears to 365. 

        Any
failure of Landlord to furnish Tenant with an estimate of its Prorata Share of Real Estate Taxes and Operating Expenses or any statements as set forth in this Section 4 shall
not act to relieve Tenant of its liability therefor; and with respect to any deficiencies, Tenant agrees to pay same within thirty (30) days of written demand from Landlord. 

  

 
 
 

ARTICLE 5
  
    BUILDING SERVICES    
  

 
 
        5.1    Standard Services.     Landlord agrees to furnish to the Premises during regular business hours from
7:00 a.m. to 6:00 p.m. Mondays through Fridays and from
8:00 a.m. to 1:00 p.m. Saturdays, except for holidays as the same are determined by Landlord, and subject to the rules and regulations of the Building, heat and air conditioning for the
use and occupancy of the Premises, passenger elevator service and freight elevator service, subject to scheduling by Landlord. Landlord shall also furnish: (i) electric current to be supplied
for lighting the Premises and public halls, and for the operation of ordinary office equipment, exclusive of heavy-duty equipment and computers, copying equipment which is not standard for
general offices, or comparable equipment; (ii) janitorial and cleaning services, and (iii) domestic water in reasonable quantity. Elevator service shall mean service either by
non-attended automatic elevators or elevators with attendants at the option of Landlord. Landlord shall also furnish, at rates set from time to time as reasonably determined by Landlord
(reflecting actual costs of such additional HVAC), heating and air conditioning and such other items as are not provided for herein, provided if Tenant does not have special HVAC controls for its
Premises, then Tenant shall give Landlord reasonable prior notice of Tenant's needs for such additional heating or air conditioning and Landlord shall use all reasonable efforts to provide same.
Landlord shall also, at said times, maintain and keep lighted the common stairs, entries, and toilet rooms in the Building that would reasonably be subject to use by Tenant, its agents and employees
during other than regular business hours. Landlord also has the right to charge Tenant for energy costs incurred because of Tenant's above Building average usage or by reason of usage of the Premises
or the Building during other than regular business hours. However, in no event shall Landlord charge Tenant more for excess utilities or after hours HVAC than it charges other tenants in the Building
for such usage. Furthermore, if Landlord were to grant any tenant longer regular business hours, then such hours shall also be applicable to Tenant. Tenant agrees to pay for any excess HVAC within
fifteen (15) days of the billing therefor, such billing to occur no more frequently than monthly. 

 
 
        5.2    Interruption of Standard Services.     Tenant agrees that Landlord shall not be liable for failure to supply
any heating, air conditioning, elevator, janitorial services, electric current, or any other
service described in Section 5.1 or Section 33.4 during any period when Landlord uses reasonable diligence to restore or to supply such services or electric current, it being further
agreed that Landlord reserves the right to temporarily discontinue such
services or any of them, or electric current at such times as may be necessary by reason of accident, unavailability of employees, repairs, alterations, or improvements, or whenever by reason of
strikes, lockouts, riots, acts of God or any other happening or occurrence beyond the reasonable control of Landlord. If Landlord is unable to furnish such services or electric current for any reason
outside of Landlord's reasonable control, or if such services or electric current shall be interrupted for any reason outside of Landlord's reasonable control, Landlord shall not be liable for damages
to persons or property for any such discontinuance or interruption, nor shall such discontinuance or interruption in any way be construed as a constructive or actual eviction of Tenant or cause an
abatement of rent or operate to release Tenant from any of Tenant's obligations hereunder. Landlord's obligation to furnish services or electric current shall be conditioned upon the availability of
adequate energy sources from the public utility companies presently serving the Building Complex. If Landlord elects for any reason to temporarily discontinue services to Tenant and/or the Building
Complex then Landlord shall give Tenant prior notice thereof and Tenant shall have the right to approve the scheduling thereof, which approval shall not be unreasonably withheld or delayed and in any
event Landlord shall use reasonable efforts to restore as soon as possible any service which has been interrupted. Landlord shall have the right to reduce heating, cooling or lighting within the
Premises and in the public area in the Building as required by any mandatory fuel or energy-saving program. Furthermore, due to energy code design requirements as promulgated from time to time,

  
Tenant hereby acknowledges that it may on certain days experience discomfort with the heating and air conditioning cycle, and Landlord shall have no responsibility or liability therefor. 

 
 
        5.3    Services Paid by Tenant.     Unless otherwise provided by Landlord, Tenant shall separately arrange with the
applicable local public authorities or utilities, as the case may be, for the
furnishing of and payment for all telephone services as may be required by Tenant in the use of the Premises. Tenant shall directly pay for such telephone services, including the establishment and
connection thereof, at the rates charged for such services by said authority or utility, and the failure of Tenant to obtain or to continue to receive such services for any reason whatsoever shall not
relieve Tenant of any of its obligations under this Lease. 

 
 
        5.4    Above-Standard Service Requirements.     If unusual heat-generating machines or equipment cause the
temperature in the Premises, or any part thereof, to exceed the temperatures the Building's
air conditioning system would be able to maintain in such Premises were it not for such heat-generating equipment, then Landlord reserves the right to install supplementary air
conditioning units in the Premises, and the cost thereof, including the cost of installation and the cost of operation and maintenance thereof, shall be paid by Tenant to Landlord upon demand by
Landlord. 

        Tenant
shall not, without the written consent of Landlord, use any apparatus or device which will in any way increase the amount of electricity or water which Landlord determines to be
reasonable for use of the Premises as general office space, nor connect with electric current (except through existing electrical outlets in the Premises) or water pipes any apparatus or device for
the purposes of using electric current, other energy or water except as set forth in Article 15 hereof. Landlord shall have the right to install one or more separately submetered electrical
circuits to serve all of the Tenant's equipment, machinery or appliances which equipment, machinery or appliances requires electrical current supplied to the Premises for general office purposes as
the same is determined by Landlord which costs of submetering shall be payable by Tenant to Landlord upon demand. Tenant shall also, at its own cost, have the right to directly meter the electric
services for its Premises in which event
Landlord shall have no right to object to any equipment that uses "above-standard" amounts of electricity. Tenant agrees to reimburse the Landlord for the submetered electrical current utilized by
Tenant at the rates charged to Landlord to purchase electrical current for the Building, such reimbursement to be made within fifteen (15) days of the date of the billing therefor; such billing
to occur no more frequently than monthly. 

 
 
        5.5    Cleaning.     Upon prior written notice to Landlord, Tenant may provide its own janitorial or cleaning
services subject to supervision of Landlord, at Tenant's sole
responsibility, and by a janitorial or cleaning contractor or employees at all times satisfactory to Landlord. Landlord shall provide janitorial and cleaning services, in accordance with such
reasonable standards generally provided in Class A suburban office buildings in the Denver-Boulder metropolitan area for the common areas of the Building Complex. 

 
 
        5.6    Re-Lamping.     Exclusive of the Premises, Landlord shall have the exclusive right to make any replacement
of electric light bulbs, fluorescent tubes and ballasts in the Building
Complex throughout the Lease Term and any renewal thereof. Landlord may adopt a system of relamping and reballasting periodically on a group basis in accordance with good management practice. 

 
 
        5.7    Fiber Optic.     Landlord at Landlord's cost agrees to bring fiber optic capability from the street to the
Building (which obligation is dependent upon there being a fiber optics
system in the street immediately adjacent to the Building Complex which is accessible for the benefit of tenants and other users) and that the Building shall have DS3 (T3) capability and for Tenant's
Premises the capability for at least one hundred telephone lines. Landlord shall have no responsibility or liability for bringing either the phone system or fiber optics to the Premises. Nothing
herein shall prohibit Landlord from entering into licensing or other agreements with any telecommunications company or entity for the

  
Building nor shall Landlord be prohibited from installing a minimum point of entry fiber optics system and/or updating or replacing any system from time to time in the Building. 

 
 
        5.8    After Hours Access.     Except as specifically set forth in Sections 15.2, 21.1 and 22.2, and subject to
applicable local laws and emergencies, Tenant shall have access to its Premises
twenty-four hours a day, seven days a week. Tenant acknowledges that certain security measures may apply during nonregular business hours or holidays, including the use of keys for access
to the Building. 

 
 
 

ARTICLE 6
  
    TENANT REPAIR    
  

 
 
        6.1    Damage by Tenant.     If the Building Complex, the Building, the Premises or any portion thereof including
but not limited to the elevators, boilers, engines, pipes and other
apparatus, or members of elements of the Building (or any of them) used for the purpose of climate control of the Building or operating the elevators, or if the water pipes, drainage pipes, electric
lighting or other equipment of the Building or the roof or outside walls of the Building or the Generator or the parking facilities of Landlord and also the Tenant Finish including but not limited to
the carpet, wall covering, doors and woodwork, become damaged or are destroyed through the negligence, carelessness or misuse of the Tenant, its servants, agents, employees or anyone permitted by
Tenant to be in the Building, or through it or them, then the cost of the necessary repairs, replacements or alterations shall be borne by the Tenant who shall forthwith pay the same on demand to the
Landlord as Additional Rent. Landlord shall have the exclusive right, but not the obligation, to make any repairs necessitated by such damage. 

 
 
        6.2    Maintenance.     Tenant shall keep the Premises in as good order, condition and repair as when they were
entered upon. If Tenant fails to keep the Premises in such good order,
condition and repair as required hereunder to the satisfaction of Landlord, Landlord may restore the Premises to such good order and condition and make such repairs without liability to Tenant for any
loss or damage that may accrue to Tenant's property or business by reason thereof, and upon completion thereof, Tenant shall pay to Landlord, as Additional Rent, upon demand, the cost of restoring the
Premises to such good order and condition and of the making of the repairs. 

 
 
        6.3    Good Condition.     Tenant shall leave the Premises at the end of each Business Day in a reasonable
condition for the purpose of allowing the performance of the Landlord's cleaning
services hereinafter described. 

 
 
        6.4    Surrender.     Tenant shall deliver, at the expiration of the Term hereof or upon sooner termination of the
Term, the Premises in good repair as aforesaid and in a state of
broom cleanliness. 

 
 
        6.5    Broken Glass.     Tenant shall pay on demand the cost of replacement with identical quality, size and
characteristics of glass broken on the Premises, including outside windows and
doors of the perimeter of the Premises (including perimeter windows in the exterior walls) during the continuance of this Lease, unless the glass shall be broken by Landlord, its servants, employees
or agents acting on its behalf. 

 
 
 

ARTICLE 7
  
    ASSIGNMENT AND SUBLETTING    
  

 
 
        7.1    Limitations.     Except as specifically set forth in Sections 7.4 and 7.5 below, Tenant shall not assign or
in any manner transfer this Lease or any estate or interest therein the
Premises or any part thereof, or grant any license, concession or other right to occupy any portion of the Premises without the prior written consent of Landlord which shall not be unreasonably
withheld. In no event shall Tenant have any right to assign if there exists any default under this Lease. Consent by Landlord to one or more assignments of this Lease or of the Premises shall not
operate as a waiver of Landlord's rights

  
under this section. Any such assignment or subletting without Landlord's consent shall be deemed void and confer no rights upon a third party. Notwithstanding any assignment, Tenant and any guarantor
of Tenant's obligations under this Lease shall at all times remain fully responsible and liable for the payment of the rental herein specified and for compliance with all other terms and conditions of
this Lease. Without in any way limiting Landlord's right to refuse to give consent, Landlord reserves the right in the event it does give consent to impose such conditions upon its consent as Landlord
deems necessary including the requirement of additional security which in Landlord's business judgment shall insure the state of the Premises and the rentals due under this Lease. Landlord shall also
have the right in the event of such proposed assignment to terminate this Lease in which event Landlord shall have the right, but not the obligation, to enter into a Lease with such proposed assignee. 

        Neither
this Lease nor any interest therein shall be assignable as to the interest of Tenant by operation of law, without the written consent of Landlord. A sale by Tenant of all or
substantially all of its assets or all or substantially all of its stock, if Tenant is a publicly traded corporation, a merger of Tenant with another corporation; or the transfer of
twenty-five percent (25%) or more of the stock of Tenant if Tenant's stock is not publicly traded; or the transfer of fifty percent (50%) or more of the beneficial ownership interest in
Tenant if Tenant is a partnership without the prior written consent of Landlord, shall constitute a prohibited assignment hereunder, subject to the limitations set forth above. Notwithstanding the
foregoing, such assignment shall not be prohibited if the Tenant is not in default hereunder and the net worth of the Tenant upon such assignment is not less than ten million dollars with not more
than ten percent of such net worth attributable to good will. Prior to such assignment being deemed effective Tenant shall deliver to Landlord current financials prepared in accordance with GAAP by an
independent certified public accountant. 

 
 
        7.2    Acceptance of Performance.     If this Lease be assigned or if the Premises or any part thereof be sublet or
occupied by anybody other than Tenant, Landlord may, after default by Tenant,
collect the rent from the assignee, subtenant or occupant and apply the net amount collected to the rent herein reserved retaining the remainder, if any, for the account of Landlord, but no such
assignment, subletting, occupancy or collection shall be deemed an acceptance of the assignee, subtenant or occupant as the Tenant hereof, or constitute a release of Tenant from further performance by
Tenant of the covenants on the part of Tenant herein contained. 

 
 
        7.3    Document Review.     All documents utilized by Tenant to evidence any subletting or assignment for which
Landlord's consent has been requested, shall be subject to prior reasonable
approval by Landlord or its attorney. Wherever
Landlord's prior approval or consent to any assignment or sublease is required pursuant to this Article 7, then, in such event, Tenant shall submit to Landlord in writing, by notice directed to
Landlord's Vice President of Leasing, at Landlord's address, at least fifteen (15) business days in advance of the date on which Tenant desires to make such proposed assignment or sublease at
least the following information and materials (each, a "Tenant's Request to Assign or Sublet"): (a) all of the terms of said proposed assignment or sublease, including the proposed effective
date thereof, (b) the name and address of each proposed assignee or subtenant, (c) the portion or portions of the Premises as to which the requested assignment or sublease is proposed to
apply, and (d) in the case of a requested sublease, the form of such proposed sublease. Landlord may require Tenant to obtain and submit current financial statements of any proposed assignee or
subtenant. Landlord shall then have a period of five (5) business days following receipt of Tenant's Request to Assign or Sublet within which to notify Tenant in writing whether Landlord elects
to (i) cancel and terminate this Lease as to the space so affected as of the proposed effective date so specified by Tenant in its notice, in which event Tenant will be relieved of all
obligations under the Lease as to such space as the date so specified by Tenant; (ii) permit Tenant to assign this Lease or sublet such space for the duration specified by Tenant in its notice;
or (iii) reject the proposed assignment or sublease on reasonable grounds. If Landlord fails to notify Tenant in writing of Landlord's election within five (5) business days of receipt
from Tenant of all of the information and materials required in this

  
Paragraph, Landlord shall be deemed to have approved the proposed assignment or sublease. If Tenant desires to assign the Lease or sublease any portion of the Premises which under the terms of this
Article 7 requires Landlord's prior consent or approval, then Tenant shall pay Landlord's actual and reasonable out-of-pocket expenses (including, without limitation,
attorneys' fees and expenses) paid to or incurred with any third party in connection with responding to Tenant's Request to Assign or Sublet. 

 
 
        7.4    Subletting.     Provided that Tenant is not in default hereunder, Tenant may from time to time sublet all or
any portion of the Premises to any subtenant without Landlord's prior
consent, subject, however, to each of the following conditions being fully complied with by Tenant: 

        (a)  The
subtenant must use the Premises in compliance with the provisions set forth in Article 9 and for no other purpose. 

        (b)  A
fully executed sublease shall be delivered by Tenant to Landlord within thirty (30) days of full execution thereof. Failure by Tenant to deliver a copy thereof
to Landlord within the above time frame shall give Landlord, at its option, the right to terminate the sublease which right of termination shall be in addition to and not in limitation of any other
right or remedy of Landlord. 

        (c)  The
Tenant, Gaiam, Inc., shall at all times remain primarily liable under the Lease. This right to sublet without Landlord's prior consent shall be personal to
Gaiam, Inc., and shall terminate if Gaiam, Inc. assigns its interest in the Lease in whole or in part. 

        (d)  No
subtenant may further sublease or assign its interest in the sublease without both Gaiam, Inc.'s and Landlord's prior written consent, which may be given or
withheld in their respective sole and absolute discretion. 

 
 
        7.5    Affiliated Entity.     Provided Tenant is not in default of this Lease, which default has not been cured
within any applicable cure period, Tenant may, without Landlord's prior written
consent assign the Lease to: (i) a subsidiary, affiliate, division or corporation controlled or under common control with Tenant; (ii) a successor corporation to Tenant by merger,
consolidation, or nonbankruptcy reorganization; (iii) a purchaser of substantially all of Tenant's assets and who continues to operate as "Tenant" in the Premises (collectively, "Permitted
Assignees"). Tenant acknowledges warrants and agrees that the Permitted Assignee shall assume all liabilities and obligations of Tenant under the Lease. Tenant shall notify Landlord of all Permitted
Assignee(s) within thirty (30) days of such assignment or subletting. For the purpose of this Lease, sale or transfer of Tenant's capital stock, including without limitation, a transfer in
reorganization of Tenant and any sale through any public exchange, shall not be deemed an assignment, subletting, or any other transfer of the Lease or the Premises, provided that the surviving entity
in such transfer assumes the Lease by operation of law.

  

 
 
 

ARTICLE 8
  
    TRANSFER BY LANDLORD AND LIMITED LIABILITY    
  

 
 
        8.1    Transfer of Landlord's Interest.     In the event of a sale, conveyance, or assignment by Landlord of
Landlord's interest in the Building Complex (other than a transfer for security purposes only),
Landlord shall be relieved from and after the date specified in any such notice of transfer or assignment of all of Landlord's obligations and liabilities accruing thereafter on the part of Landlord,
and Tenant agrees to look only toward such assignee or transferee of Landlord's interest. 

 
 
        8.2    Limited Liability of Landlord.     Anything contained in this Lease to the contrary notwithstanding, Tenant
agrees that Tenant shall look solely to the estate of Landlord in the Building Complex
for the collection of any judgment (or other judicial process) requiring the payment of money by Landlord in the event of any default or breach by Landlord with respect to any of the terms and
provisions of this Lease to be observed or performed by Landlord, subject, however, to the prior rights of the holder of any mortgage covering the Building Complex, and no other assets of Landlord,
its partners, agents, employees, officers, or employees or officers of any of its partners shall be subject to levy, execution or other judicial process for the satisfaction of Tenant's claim and
Landlord shall not be liable for any such default or breach except to the extent of Landlord's estate in the Building Complex. 

 
 
        8.3    Limited Liability of Tenant.     Landlord agrees that the personal assets of Tenant's employees, directors
and officers shall not be subject to levy, execution, or other judicial process for the
satisfaction of Landlord's claim against Tenant. 

 
 
 

ARTICLE 9
  
    USE OF PREMISES    
  

 
 
        9.1    Use.     Except as expressly permitted by prior written consent of the Landlord, the Premises shall not be
used other than for a video production company and for other
general business office purposes. Any other use shall require Landlord's prior written consent, which shall not be unreasonably withheld provided that such use complies with applicable restrictive
covenants and zoning, the use is consistent with a first class suburban office building, and does not generate, store, use, or dispose of any hazardous, toxic or infectious substances in or from the
Premises. All use of the Premises shall comply with the terms of this Lease and all applicable laws, ordinances, regulations or other governmental ordinances from time to time in existence. 

 
 
        9.2    Compliance with Rules and Regulations.     Tenant and employees and all persons visiting or doing business
with the Tenant in the Premises shall be bound by and shall observe the reasonable Rules and
Regulations as set forth in Exhibit F attached hereto and made a part hereof, which may, at Landlord's sole discretion, be promulgated, amended,
or expanded from time to time during the Lease Term by the Landlord relating to the Building, the Building Complex and/or the Premises of which notice in writing shall be given to the Tenant within
thirty (30) days of such clause at which time they will become effective and all such rules and regulations as changed from time to time shall be deemed to be incorporated into and
form a part of this Lease. Any default in the performance or observance of such rules and regulations shall be a default hereunder and Landlord shall have all remedies provided for in this
Lease in the event of default by Tenant. Landlord however, shall not be responsible to Tenant for nonobservance by any other tenant or person of any tenant or person of any such rules and regulations.
Notwithstanding the above except as required by any governmental authority, law, or pursuant to recorded documents, Landlord shall not adversely impose any new rules and regulations upon Tenant
without Tenant's consent, which shall not be unreasonably withheld. 

 
 
        9.3    Electronics Testing Lab.     Subject to compliance with (i) all other provisions of this Lease,
(ii) applicable zoning, use and building code restrictions,
(iii) insurance requirements, and (iv) any

  
restrictions and requirements imposed by applicable recorded covenants and regulations, Tenant may use a portion of the Premises for and electronics testing lab. 

 
 
 

ARTICLE 10
  
    INSURANCE    
  

 
 
        10.1    Tenant's Insurance.     Tenant shall, during its occupancy of the Premises and during the entire term
hereof, at its sole cost and expense, obtain, maintain and keep in full force and
effect, and with the Tenant, the Landlord, Landlord's agents, and Landlord's mortgagees named as additional insureds therein as their respective interests may appear, the following types and kinds of
insurance: 

        (a)  Upon
property of every description and kind owned by the Tenant and located in the Building Complex or for which the Tenant is legally liable or installed by or on
behalf of the Tenant, including, without limitation, furniture, fittings, installations, alterations, additions, partitions, fixtures and anything in the nature of a leasehold improvement in an amount
not less than the full replacement cost thereof, with a minimum coverage including sprinkler leakage (where applicable); and in the event that there shall be a dispute as to the amount which comprises
full replacement cost, the decision of the Landlord or the mortgagees of the Landlord shall be conclusive. 

        (b)  Commercial
general liability including bodily injury, property damage and public liability insurance including personal liability, contractual liability,
non-owned automotive liability, tenants' legal liability for the full replacement costs of the Premises, and owners' and contractors' protective insurance coverage and a cross-liability
clause with respect to the Premises and the Tenant's use of any part of the Building Complex and which coverage shall include the business operations conducted by the Tenant and any other persons on
the Premises. Such policies shall be written on a comprehensive basis with limits of not less than $2,000,000 with respect to injuries or death of one or more persons, and not less than $1,000,000
with respect to property damage and not less than $2,000,000 for any one occurrence and such higher limits after expiration of the initial lease term as the Landlord or the mortgagees of the Landlord
may reasonably require from time to time. 

        (c)  Any
other form or forms of insurance as the Landlord or the mortgagees of the Landlord may reasonably require from time to time in form, in amounts and for insurance
risks against which a prudent tenant in greater metropolitan Denver would protect itself, which are standard in the industry. 

        (d)  Intentionally
deleted. 

        (e)  Workers'
Compensation Insurance and Employers liability insurance in amounts as required by law. 

        (f)    If
Tenant performs any work on the Premises (costing more than $1,000.00 or which requires any type of building permit), prior to the commencement, of any such work,
Tenant shall deliver to Landlord certificates issued by insurance companies qualified to do business in the State of Colorado, evidencing that workmen's compensation and public liability insurance and
property damage insurance and such other insurance as reasonably required by Landlord, all in the amounts satisfactory to Landlord, are in force and effect and maintained by all contractors and
subcontractors engaged by Tenant to perform such work. 

        All
policies shall be taken out with insurers licensed to do business in the State of Colorado and shall carry an A.M. Best rating of not less than A-XII (A minus 12).
All policies shall be primary and noncontributory. The Tenant agrees that certificates of insurance, or, if required by the Landlord or the mortgagees of the Landlord, certified copies of binders for
such insurance policies will be delivered to

  
the Landlord within ten (10) days after the placing of the required insurance with delivery of copies of the policies, no event later than thirty (30) days after Tenant takes possession
of all or any part of the Premises. All policies shall contain an undertaking by the insurers to notify the Landlord and the mortgagees of the Landlord in writing not less than thirty (30) days
prior to any material adverse change, cancellation or sooner termination thereof. 

        The
Tenant covenants and agrees that in the event of damage or destruction to the leasehold improvements in the Premises covered by insurance as required to be taken out by the Tenant
herein, and if the Landlord or Tenant do not terminate this Lease pursuant to Section 21.1 herein, the Tenant will use the proceeds of such insurance for the purpose of repairing or restoring
such leasehold improvements. In the event that Landlord or Tenant are entitled to terminate the Lease pursuant to Article 21, then if the Premises have also been damaged, Tenant shall pay to
Landlord all of its insurance proceeds relative to the leasehold improvements. 

 
 
        10.2    Landlord's Insurance.     Landlord agrees to carry or cause to be carried during the term hereof public
liability insurance on the Building Complex providing coverage of not less than Two
Million and No/100 Dollars ($2,000,000.00) for personal injury or death arising out of any one occurrence. Landlord also agrees to carry during the term hereof insurance for fire, extended coverage,
vandalism and malicious mischief, insuring the Building Complex (excluding foundations, excavations and other non-insurable items) for the full insurable value thereof. Landlord may, but
shall not be obligated to, take out and carry any other form or forms of insurance as it or the mortgagees of Landlord may reasonably determine to be advisable. Notwithstanding any contribution by
Tenant to the cost of insurance premiums, as provided in Article 4, Tenant acknowledges that it has no right to receive any proceeds from any such insurance policies carried by Landlord, and
that such insurance will be for the sole benefit of Landlord, with no coverage for Tenant for any risk insured against. 

 
 
        10.3    Subrogation.     The parties hereto agree that any and all fire, extended coverage and/or property damage
insurance which is required to be carried by either shall be endorsed
with a subrogation clause, substantially as follows: "This insurance shall not be invalidated should the insured waive, in writing prior to a loss, any and all right of recovery against any party for
any special causes of loss," and each party hereto waives
all claims for recovery from the other party, its officers, agents or employees for any loss or damage (whether or not such loss or damage is caused by negligence of the other party), and
notwithstanding any provisions contained in this Lease to the contrary, to any of its real or personal property insured under valid and collectible insurance policies to the extent of the collectible
recovery under such insurance. 

 
 
 

ARTICLE 11
  
    OBSERVANCE OF LAW    
  

 
 
        11.1    Law.     Tenant shall comply with all provisions of law, including without limitation, federal, state,
county and city laws, ordinances and regulations and any other
governmental, quasi-governmental or municipal regulations, which shall impose any duty upon Landlord or Tenant, and which relate to the partitioning, equipment operation, alteration, occupancy and use
of the Premises, and to the making of any repairs, replacements, alterations, additions, changes, substitutions or improvements of or to the Premises. Moreover, Tenant shall comply with all police,
fire and sanitary regulations imposed by any federal, state, county or municipal authorities, or made by insurance underwriters, and to observe and obey all governmental and municipal regulations and
other requirements governing the conduct of any business conducted in the Premises. 

 
 
        11.2    Taxes.     Tenant shall fully and timely pay all business and other taxes, charges, rates, duties,
assessments and license fees levied, rates imposed, charged or assessed
against or in respect of the Tenant's occupancy of the Premises or in respect of the personal property, trade fixtures, furniture and facilities of the Tenant or the business or income of the Tenant
on and from the Premises, if any, as

  
and when the same shall become due, and to indemnify and hold Landlord harmless from and against all payment of such taxes, charges, rates, duties, assessments and license fees and against all loss,
costs, charges and expenses occasioned by or arising from any and all such taxes, rates, duties, assessments and license fees, and to promptly deliver to Landlord for inspection, upon written request
of the Landlord, evidence satisfactory to Landlord of any such payments. 

 
 
 

ARTICLE 12
  
    WASTE AND NUISANCE    
  

        12.1 Tenant
shall not commit, suffer or permit any waste or damage or disfiguration or injury to the Premises or common areas in the Building or the fixtures and equipment
located therein or thereon, or permit or suffer any overloading of the floors thereof and shall not place therein any safe, heavy business machinery, computers, data processing machines, or other
heavy things without first obtaining the consent in writing of the Landlord and, if requested, by Landlord's superintending architect, and not use or permit to be used any part of the Premises for any
dangerous, noxious or offensive trade or business, and shall not cause or permit any nuisance, noise or action in, at or on the Premises. Tenant shall not store, produce, maintain or dispose of any
materials or substances in or about the Premises, the Building or Building Complex which is a regulated, toxic, hazardous or infectious material or substance under any environmental statute, rule,
regulation, or ordinance of any governmental authority. 

 
 
 

ARTICLE 13
  
    ENTRY BY LANDLORD    
  

        13.1 Landlord
and its agents shall have the right to enter the Premises escorted by an employee or representative of Tenant, at all reasonable times, upon prior verbal
notice to Tenant as set forth below for the purpose of examining or inspecting the same, and any other services to be provided by Landlord to Tenant hereunder, to show the same to prospective bona
fide purchasers, lenders, investors or tenants of the Building (collectively, "Prospect Visits"), and to make such alterations, repairs, improvements or additions, whether structural or otherwise, to
the Premises or to the Building as Landlord may deem necessary or desirable. Tenant shall reasonably cooperate with Landlord to permit such access and provide an escort. Notices for entry shall be
given to an officer or supervisor of Tenant, as set forth on a written list delivered by Tenant to Landlord. Notwithstanding the above, Landlord shall have the right (but not the obligation) to enter
unescorted and without notice for janitorial services (if not supplied by Tenant) or if Landlord reasonably believes that there exists an emergency. Landlord may enter by means of a master key without
liability to Tenant except for any failure to exercise due care for Tenant's property and without affecting this Lease. Landlord shall use reasonable efforts to give Tenant not less than
48 hours prior notice of Prospect Visits and will coordinate such entry with Tenant so as to not interfere with any of Tenant's film production including delaying or scheduling of such visits
after business hours if reasonably requested by Tenant. If such Prospect Visits exceed ten (10) per calendar year then Landlord will pay to Tenant for each additional visit during such calendar
year a visitation fee equal to $50.00 per hour for each additional Prospect Visit during the applicable calendar year, prorata for any partial hour of visitation. 

 
 
 

ARTICLE 14
  
    INDEMNIFICATION OF LANDLORD    
  

 
 
        14.1    Tenant's Indemnity.     Subject to the provisions of Section 10.3 of this Lease and Section 14.3
below, Tenant shall indemnify the Landlord and save it harmless from and
against any and all loss (including loss of rentals payable by the Tenant or other tenants in the event of loss either directly or indirectly caused by any act or omission of Tenant unless such loss
is covered by Landlord's rent

  
abatement insurance), claims, actions, damages, liability and expenses in connection with loss of life and personal injury, hazardous substance or environmental claims, and damage to property arising
from any occurrence in, upon or at Premises during the term of this Lease or any part thereof, or occasioned wholly or in part by any act or omission of the Tenant, its agents, contractors, employees,
servants, licensees, or concessionaires or invitees or by anyone permitted to be on Premises by the Tenant; however in no event shall Tenant indemnify Landlord or hold it harmless from any negligence
or misconduct of Landlord, its agents, employees or contractors or Landlord's invitees. In case the Landlord shall be made a party to any litigation commenced by or against the Tenant (except
litigation where the Tenant is seeking relief from or a remedy against Landlord, its agents, employees, or contractors), then the Tenant shall protect and hold the Landlord harmless and shall pay all
costs, expenses and reasonable attorneys' fees incurred or paid by the Landlord in connection with such litigation whether or not such action is contested or prosecuted to judgment. All personal
property on Premises shall be at the Tenant's sole risk, and Landlord shall not be liable for any damage done to or loss of such personal property or for damage or loss suffered by Tenant, unless
caused solely by Landlord's negligence, subject to the provisions of Sections 10.3 and 23.1. 

 
 
        14.2    Landlord's Indemnity.     Subject to the provisions of Section 8.2, Section 10.3 and
Section 14.3 below, Landlord shall indemnify and hold Tenant harmless from and
against any and all loss, claims, actions or damages, liability and expenses in connection with loss of life and personal injury, and damage to property arising from any occurrence occasioned wholly
or in part by any act or omission of the Landlord, its agents, employees or contractors, except as set forth herein; however in no event shall Landlord indemnify Tenant or hold it harmless from any
negligence of Tenant, its agents, employees or contractors. If Landlord has any liability pursuant to Article 23, then this indemnity shall apply to any claims or expenses of Tenant arising in
conjunction with such liability; however this indemnity shall not change or increase Landlord's liability under Article 23. 

 
 
        14.3    Comparative Negligence.     Subject to the provisions of Section 10.3 but notwithstanding any
indemnity provision or other provisions contained in this Lease to the contrary, if both
the Landlord's and the Tenant's negligence (which shall include the agents, partners, contractors, invitees and employees of either, as applicable) caused or contributed to any claim for damages for
injury to person or property then neither party shall indemnify the other for such negligence and each party shall be responsible for such claims pursuant to the provisions of C.R.S. §
13-21-111 pertaining to comparative negligence, as amended from time to time. 

 
 
 

ARTICLE 15
  
    ALTERATIONS    
  

 
 
        15.1    Alterations by Tenant.     Tenant shall not make, install or erect in or to the Premises any installations,
alterations, additions or partitions which require a building or similar permit
and/or affect any structural portion of the Building including the roof or affect any of the Building systems including but not limited to HVAC, plumbing and electrical systems, without submitting the
drawings and specifications to the Landlord and obtaining the Landlord's prior written consent in each instance, which consent may not be unreasonably withheld. Furthermore, the Tenant shall obtain
the Landlord's prior written consent to any change or changes in such drawings or specifications submitted as aforesaid, subject to the payment of the cost to the Landlord of having its architects
and/or consultants review such plans and changes thereto prior to proceeding with any work based on such drawings or specifications. All such work shall be performed free and clear of all mechanic's
liens and Landlord shall have no liability for the performance of such work, notwithstanding its consent to any plans and specifications. PROVIDED NEVERTHELESS that the Landlord may, at its option, at
Tenant's expense, require that the Landlord's contractors be engaged for any mechanical or electrical work. Without limiting the generality of the foregoing, any work performed by or for the Tenant
shall be performed by competent workmen whose labor union affiliations are not incompatible with those of

  
any workmen who may be employed in the Building Complex by the Landlord, its contractors or subcontractors and all work shall be subject to the inspection and reasonable review and approval by
Landlord and/or its consultants. In addition to the above, all contractors and subcontractors must meet Landlord's specifications, as solely determined by Landlord, for minimum requirements for
insurance, bonds, quality of work, experience and such other reasonably applicable factors. The Tenant shall submit to the Landlord's supervision over construction, shall provide Landlord upon request
with financial assurances prior to the commencement of alterations, and promptly pay to the Landlord's or the Tenant's subcontractors, as the case may be, when due, the costs of all such work and of
all materials, labor and services involved therein and of all decoration and all changes in the Building, its equipment or services necessitated thereby. The Tenant covenants that the Tenant will not
suffer or permit during the Term hereof any mechanics' or other liens for work, labor, services or materials ordered by the Tenant or for the cost of which the Tenant may be in any way obligated, to
attach to the Premises or to the Building Complex and that whenever and so often as any such liens shall attach or claims therefor shall be filed, the Tenant shall, within thirty (30) days
after the Landlord has notice of the filing of the claim for lien, procure the discharge thereof by payment or by giving security or in such other manner as is or may be required or permitted by law
or which shall otherwise satisfy Landlord and/or Landlord's lender. The Tenant shall, at its own cost and expense, take out or cause to be taken out any additional insurance or bonds reasonably
required by the Landlord to protect the Landlord's and the Tenant's interest during the period of alteration. 

        At
least five (5) days prior to the commencement of any work permitted to be done by persons requested by the Tenant on the Premises, the Tenant shall notify the Landlord of the
proposed work and the names and addresses of the persons supplying labor and materials for the proposed work so that the Landlord may avail itself of the provisions of statutes such as
Section 38-22-105(2) of the Colorado Revised Statutes (1973). During any such work on the Premises, the Landlord, or its representatives, shall have the right to go upon
and inspect the Premises at all reasonable times, and shall have the right to post and keep posted thereon notices such as those provided for by Section 38-22-105(2)
C.R.S. (1973) or to take any further action which the Landlord may deem to be proper for the protection of the Landlord's interest in the Premises. 

 
 
        15.2    Alterations by Landlord.     Landlord hereby reserves the right at any time and from time to time to make
changes in, additions to, subtractions from or rearrangements of the Building
Complex, including, without limitation, all improvements at any time thereof, all entrances and exits thereto, and to grant, modify and terminate easements or other agreements pertaining to the use
and maintenance of all or parts of the Building, including, but not limited to, the entrance foyer and lobby, and the common corridors and to make changes or additions to the pipes, conduits, ducts,
utilities and other necessary building services in the Premises which serve other portions of the Building, provided that prior to the Commencement Date, the Landlord may alter the Premises to the
extent found necessary by the Landlord to accommodate changes in construction design or facilities including major alterations but provided always that the Premises, as altered, shall be in all
material aspects comparable to the Premises as defined herein. Landlord shall not unreasonably obstruct or interrupt Tenant's access to the Premises and in such event Landlord shall provide
alternative access during all business hours. If Landlord elects to block Tenant's access during non-business hours for non-emergencies, then Landlord shall reasonably
coordinate same with Tenant. Notwithstanding the provision set forth above, Landlord agrees during the first five (5) years of the initial term, provided Tenant is not in default, not to
materially change the character or configuration of the first floor lobby of the Building without Tenant's consent which will not be unreasonably withheld or delayed. 

 
 
 

 

 
 

ARTICLE 16
  
    SIGNS AND ADVERTISING    
  

        16.1 Tenant
shall not install, paint, display, inscribe, place or affix any sign, picture, advertisements, notice, lettering or direction on any part of the Building Complex
or in the interior of the Premises or other portion of the Building. The Landlord will prescribe a uniform pattern of identification signs for tenants to be placed on the outside corridor wall which
is near the door leading into the Premises and other than such identification signs, Tenant shall not install, paint, display, inscribe, place or affix, or
otherwise attach, any sign, picture, advertisement, notice, lettering or direction on the inside or outside of the Premises for exterior view without the written consent of the Landlord. 

        16.2 Landlord
shall at Landlord's cost install directory signage for Tenant in the lobby, which causes Tenant's name "Gaiam, Inc." to be readily visible upon entry to
the main lobby of the Building and which identifies Tenant as being on the third floor. At Tenant's request and at Tenant's cost, Landlord agrees to add the name or names and corresponding suite
numbers of any assignee or subtenant of Tenant permitted or approved pursuant to Article 7 hereof to the directory signage in main lobby of the Building.

  

 
 
 

ARTICLE 17
  
    SUBORDINATION TO MORTGAGES AND DEEDS OF TRUST    
  

        17.1 This
Lease and the rights of Tenant hereunder shall be and are hereby made subject and subordinate to the lien of any mortgages or deeds of trust now or hereafter
existing against the Building Complex and to all renewals, modifications, consolidations, replacements and extensions thereof and to all advances made, or hereafter to be made, upon the security
thereof. Although such subordination shall be self-operating, Tenant, or its successors in interest, shall upon Landlord's request, execute and deliver upon the demand of Landlord any and
all instruments desired by Landlord, subordinating, in the manner reasonably requested by Landlord, this Lease to any such mortgage or deed of trust. Landlord is hereby irrevocably appointed and
authorized as agent and attorney-in-fact of Tenant to execute all such subordination instruments in the event Tenant fails to execute said instruments within fifteen
(15) days after notice from Landlord demanding the execution thereof. 

        Should
any mortgage or deed of trust affecting the Building Complex be foreclosed, then: 

        (a)  the
liability of the mortgagee, beneficiary or purchaser at such foreclosure sale shall exist only so long as such mortgagee, beneficiary or purchaser is the owner of
the Building Complex and such liability shall not continue or survive after further transfer of ownership; and 

        (b)  Tenant
shall be deemed to have attorned, as Tenant under this Lease, to the purchaser at any foreclosure sale thereunder, and this Lease shall continue in full force and
effect as a direct lease between and binding upon Tenant and such purchaser at any foreclosure sale. 

        As
used in this Article 17, "mortgagee" and "beneficiary" shall include successors and assigns of any such party, whether immediate or remote, the purchaser of any mortgage or
deed of trust, whether at
foreclosure or otherwise, and the successors, assigns and mortgagees and beneficiaries of such purchaser, whether immediate or remote. 

        Landlord,
at the written request of Tenant, agrees to request any mortgagee or beneficiary to enter into a non-disturbance agreement with Tenant, in a form satisfactory to
such mortgagee or beneficiary, stating that Tenant's right to the continued use and possession of the Premises shall be under the same terms and conditions as set forth in this Lease provided that at
such time Tenant is not in default of its obligations herein. Landlord makes no representations or warranties that such non-disturbance agreement will be entered into by any beneficiary or
mortgagee, however, the self-operative subordination of this Lease and attornment by Tenant is in such event conditioned upon the mortgagee or beneficiary not disturbing Tenant's right
under this Lease, provided that Tenant is not in default hereof. 

 
 
 

ARTICLE 18
  
    ESTOPPEL CERTIFICATE/FINANCIAL INFORMATION    
  

 
 
        18.1    Estoppel Certificate.     Tenant agrees that it will from time to time, upon request by Landlord, execute
and deliver to Landlord within ten (10) days after demand therefor an
estoppel certificate on Landlord's reasonable form certifying that this Lease is unmodified and in full force and effect (or if there have been modifications, that the same is in full force and effect
as so modified). Notwithstanding the above, if during such ten (10) day period an authorized representative or officer of Tenant is not available in Colorado to execute the estoppel
certificate, then Tenant shall not be in default if it returns the executed certificate within twenty (20) days of demand therefor. 

 
 
        18.2    Financial Information.     Tenant shall, upon Landlord's written request and upon Tenant's receipt from
Landlord of a copy of a fully executed letter of interest which evidences either a
bona fide proposed sale of or refinancing with a federally chartered lending institution, pension fund, insurance company or other source of capital for the Building Complex, deliver to such lender or
purchaser a

  
copy of Tenant's most recent financial statement, which annual financial statement shall be prepared and reviewed by an independent certified public accountant no less often than once per year in
accordance with generally accepted accounting principals ("GAAP"), provided, however, Landlord shall not be required to provide Tenant with written evidence of a proposed refinancing for the first two
refinancing requests made by Landlord during the term of this Lease in conjunction with a proposed refinancing of the Building Complex. Except in the manner specifically set forth in the preceding
sentence, Landlord shall not include Tenant's financial statements in any attempt to obtain a purchaser for, or refinancing on, the Building Complex. Tenant agrees that any letter of interest shall be
confidential as to the name of the lender and/or purchaser and as to the terms, if any, contained in such letter of interest, and Tenant agrees to execute a reasonable confidentiality agreement if
requested by Landlord. Tenant shall have the right to require a reasonable confidentiality agreement from such lender or purchaser concerning such financials, if Tenant is not a public company.
Furthermore, such lender or purchaser may, if it has reasonable questions about matters contained in the financials, address such questions in writing to the president of Tenant, and the president
shall reasonably and promptly cooperate with such lender or purchaser with respect to the responses to the questions. 

 
 
 

ARTICLE 19
  
    QUIET ENJOYMENT    
  

        19.1 Subject
to the terms and provisions of this Lease, Landlord covenants and agrees that Tenant shall peaceably and quietly enjoy the Premises and Tenant's rights
hereunder during the term hereof, without hindrance by Landlord. 

 
 
 

ARTICLE 20
  
    FIXTURES    
  

        20.1 Any
or all installations, alterations, additions, partitions and fixtures in or upon the Premises other than the Tenant's trade fixtures, work stations with movable
walls, mounted video screens, raised platforms and cables beneath the raised platforms, which are located upon the Premises, whether placed there by the Tenant or the Landlord, shall, immediately upon
such placement, become the property of the Landlord without compensation therefor to the Tenant. Notwithstanding anything herein contained, the Landlord shall be under no obligation to repair,
maintain or insure such installations, alterations, additions, partitions and fixtures or anything in the nature of a leasehold improvement made or installed by or on behalf of the Tenant. The
Landlord may elect that any or all installations made or installed by or on behalf of the Tenant be removed at the end of the Lease Term and, if the Landlord so elects, it shall be the Tenant's
obligation to restore the Premises to the conditions they were in previous to such alterations, installations, partitions and fixtures on or before the termination of this Lease. Such removal and
restoration shall be at the sole expense of the Tenant. 

 
 
 

ARTICLE 21
  
    DAMAGE OR DESTRUCTION    
  

 
 
        21.1    Casualty.     In the event that the Building should be totally destroyed by fire, tornado or other casualty,
 or should be so damaged that rebuilding or repairs cannot be
completed within one hundred and eighty (180) days after the date of such damage, Landlord may, at its option, terminate this Lease in which event the rent shall be abated during the unexpired
portion of this Lease effective with the date of such damage, or Landlord may proceed to rebuild the Building and the Premises. If the damage prohibits Tenant's use of the Premises, cannot be repaired
within one hundred and eighty (180) days and was not caused by the Tenant, then Tenant can elect to terminate this Lease by written notice to Landlord received within sixty (60) days of
the date of damage. In the event the Building should be damaged by fire, tornado or other casualty, but only to such extent that rebuilding or repairs

  
in Landlord's reasonable estimation can be completed within one hundred and eighty (180) days after the date of such damage, or if the damage cannot be repaired within such time frame but
Landlord does not elect to terminate this Lease, in either such event, Landlord shall, within sixty (60) days after the date of such damage commence to rebuild or repair the Building and shall
proceed with reasonable diligence to restore the Building to substantially the same condition in which it was immediately prior to the happening of the casualty, except that the Landlord shall not be
required to rebuild, repair or replace any part of the partitions, fixtures and other improvements which may have been placed by the Tenant or other tenants within the Building and rent shall
equitably abate from the date of damage until such damage is repaired if such casualty results in damage to Tenant's Premises or prohibits its access to the Premises or use thereof. In the event any
mortgagee under a deed of trust, security agreement or mortgage on the Building should require that the insurance proceeds be used to retire the mortgage debt, Landlord shall have no obligation to
rebuild and if Landlord so elects, this Lease shall terminate upon notice to Tenant. Unless otherwise provided in this Lease, any insurance which may be carried by the Landlord or the Tenant against
loss or damage to the Building or to the Premises shall be for the sole benefit of the party carrying such insurance and under its sole control. 

 
 
        21.2    Casualty Caused by Tenant.     If fire or other casualty causing injury to the Premises or other parts of
the Building shall have been caused by the negligence or misconduct of the Tenant, its
agents, servants or employees, or by any other persons entering the Building under express or implied invitation of the Tenant, such injury may be reasonably repaired by the Landlord at the reasonable
expense of the Tenant. 

 
 
 

ARTICLE 22
  
    CONDEMNATION    
  

 
 
        22.1    Eminent Domain.     If any part of the Rentable Area of the Premises is taken by eminent domain, or by
conveyance in lieu thereof then this Lease, at the option of either party
evidenced by notice to the other given within thirty (30) days from such taking or conveyance, shall forthwith cease and terminate entirely. In the event of such termination of this Lease, then
rental shall be due and payable to the actual date of such termination. If neither party terminates this Lease, this Lease shall cease and terminate as to that portion of the Premises so taken as of
the date of such taking, and the rental thereafter payable under this Lease shall be abated prorata from the date of such taking in an amount by which that portion of the Rentable Area of the Premises
so taken shall bear to the Rentable Area of the Premises prior to such taking. If any part of the Building Complex shall be taken by eminent domain, or by conveyance in lieu thereof, and if such
taking substantially interferes with the Landlord's ownership or use of the Building Complex, the Landlord, at its option, may upon thirty (30) days' notice to the Tenant, terminate this Lease
as of the date of such taking. 

 
 
        22.2    Damages.     All compensation awarded for any taking (or the proceeds of private sale in lieu thereof) of
the Premises or Building Complex shall be the property of Landlord
and Tenant hereby assigns its interest in any such award to Landlord; provided, however, Landlord shall have no interest in any award made to Tenant for the taking of Tenant's fixtures and other
personal property or moving expenses if a separate award for such items is made to Tenant. 

 
 
        22.3    Restoration.     If both Landlord and Tenant elect not to terminate this Lease, Tenant shall remain in that
portion of the Premises which shall not have been appropriated or taken
as herein provided, and Landlord agrees, at Landlord's sole cost and expense (not to exceed the amount of condemnation proceeds received by Landlord), to, as soon as reasonably possible, restore the
remaining portion of the Premises to a complete unit of like quality and character as existed prior to such appropriation or taking. 

 
 
 

 

 
 

ARTICLE 23
  
    LOSS AND DAMAGE AND DELAY    
  

 
 
        23.1    Loss and Damage.     The Landlord shall not be liable or responsible in any way for: 

        (a)  any
death or injury arising from or out of any occurrence in, upon or at the Building Complex or for damage to property of the Tenant or others located on the Premises,
nor shall it be responsible in any event for damage to any property of the Tenant or others from any cause whatsoever, unless such damage, loss, injury or death results from the intentional misconduct
or sole negligence of the Landlord, its agents, servants or employees. Without limiting the generality of the foregoing, the Landlord shall not be liable for any injury or damage to persons or
property resulting from fire, explosion, falling plaster, steam, gas, electricity, water, rain, snow or leaks from any part of the Premises or from the pipes, appliances, plumbing works, roof, street,
or subsurface of any floor or ceiling or from any other place or because of dampness or climatic conditions from any other cause of whatsoever kind. The Landlord shall not be liable for any damage
whatsoever caused by any other tenant or persons in or about the Building Complex, or by an occupant of adjacent property thereto, or the public, or construction of any private, public or quasi-public
work. All property of the Tenant kept or stored on the Premises shall be kept or stored at the risk of the Tenant only and the Tenant shall indemnify the Landlord in the event of any claims arising
out of damages to the same, including any subrogation claim by the Tenant's insurers; 

        (b)  any
act or omission (including theft, malfeasance or negligence) on the part of any agent, contractor or person from time to time employed by the Landlord to perform
janitor services or security services, or repairs or maintenance services, in or about the Premises or the Building; or 

        (c)  loss
or damage, however caused, to money, securities, negotiable instruments, papers or other valuables of the Tenant. 

 
 
        23.2    Delays.     Whenever and to the extent that the Landlord shall be unable to fulfill, or shall be delayed or
restricted in the fulfillment of, any obligation hereunder in
respect to the supply of or provision for, any service or utility or the doing of any work or the making of any repairs by reason of being unable to obtain the material, goods, equipment, service,
utility or labor required to enable it to fulfill such obligation or by reason of any statute, law or any regulation or order passed or made pursuant thereto or by reason of the order or direction of
any governmental or quasi-governmental administrator, controller or board, or any governmental department or officer or other authority, or by reason of not being able to obtain any permission or
authority required thereby, or by reason of any other cause beyond its control, whether of the foregoing character or not, the Landlord shall be entitled to extend the time for fulfillment of such
obligation by a time equal to the duration of such delay or restriction, and the Tenant shall not be entitled to compensation for any inconvenience, nuisance or discomfort thereby occasioned. 

 
 
 

ARTICLE 24
  
    DEFAULT AND REMEDIES    
  

 
 
        24.1    Default by Tenant.     The following events shall be deemed to be events of default by Tenant under this
Lease: 

        (a)  Tenant
shall fail to pay any installment of rent or any other sum due to Landlord within five (5) days of receipt of written notice of such nonpayment. 

        (b)  Tenant
shall fail to comply with any term, provision or covenant of this Lease, other than payment of rent or other sums due to Landlord, and shall not cure such failure
within fifteen (15) days after written notice thereof to Tenant or if such default cannot reasonably be cured

  
within fifteen (15) days then Tenant shall not be in default so long as it has commenced to cure within fifteen (15) days and is diligently prosecuting same to completion. 

        (c)  Tenant
or any guarantor of Tenant's obligations under this Lease shall die, cease to exist as a corporation or partnership or be otherwise dissolved or liquidated or
become insolvent, or shall make a transfer in fraud of creditors, or shall make an assignment for the benefit of creditors, or is otherwise unable to pay its debts as they come due. 

        (d)  Tenant
or any guarantor of Tenant's obligations under this Lease shall file a petition under any section or chapter of the national bankruptcy act as amended or
under any similar law or statute of the United States or any state thereof; or Tenant or any guarantor of Tenant's obligations under this Lease shall be adjudged bankrupt or insolvent in proceedings
filed against Tenant or any guarantor of Tenant's obligations under this Lease. 

        (e)  A
receiver or trustee shall be appointed for all of the Premises or for all or substantially all of the assets of Tenant or any guarantor of Tenant's obligations under
this Lease. 

        (f)    Tenant
shall abandon or vacate any portion of the Premises, in whole or in part. 

        (g)  Tenant
assigns or sublets in violation of the provisions of this Lease. 

 
 
        24.2    Remedies of Landlord.     Upon the occurrence of any such events of default, Landlord shall have the option
to pursue any one or more of the following remedies without any notice or demand
whatsoever except as required by applicable law: 

        (a)  Terminate
this Lease, in which event Tenant shall immediately surrender the Premises to Landlord, and if Tenant fails to do so, Landlord may, without prejudice to any
other remedy which it may have for possession or arrearages in rent, enter upon and take possession of the Premises and expel or remove Tenant and any other person who may be occupying such Premises
or any part thereof, by force if necessary, without being liable for prosecution of any claim of damages therefor. 

        (b)  Enter
upon and take possession of the Premises and expel or remove Tenant and any other person who may be occupying such Premises or any part thereof, by force if
necessary pursuant to applicable law, without being liable for prosecution or any claim for damages therefor (except for acts in violation of law), and relet the Premises and receive the rent
therefor. 

        (c)  Enter
upon the Premises, by force if necessary pursuant to applicable law, without being liable for prosecution or any claim for damages therefor (except for acts in
violation of law), and do whatever Tenant is obligated to do under the terms of this Lease; and Tenant agrees to reimburse Landlord on demand for any expenses which Landlord may incur in thus
effecting compliance with Tenant's obligations under this Lease, and Tenant further agrees that Landlord shall not be liable for any damages resulting to the Tenant from such action, whether caused by
the negligence of Landlord or otherwise. 

        (d)  Alter
all locks and other security devices at the Premises without terminating this Lease. 

        Exercise
by Landlord of any one or more of the remedies hereunder granted or otherwise available shall not be deemed to be an acceptance of surrender of the Premises by Tenant, whether
by agreement or by operation of law, it being understood that such surrender can be effected only by the written agreement of Landlord and Tenant. No such alteration of locks or other security devices
and no removal or other exercise of dominion by Landlord over the property of Tenant or others at the Premises shall be deemed unauthorized or constitute a conversion, Tenant hereby consenting, after
any event of default, to the aforesaid exercise of dominion over Tenant's property within the Premises. All claims for damages by reason of such reentry and/or repossession and/or alteration of locks
or other security devices are hereby waived, as all claims for damages by reason of any distress warrant, forcible detainer proceedings, sequestration proceedings or other legal process, to the extent
permitted by law.

  
Tenant agrees that any reentry by Landlord may be pursuant to judgment obtained in forcible detainer proceedings or other legal proceedings or without the necessity for any legal proceedings, as
Landlord may elect, and Landlord shall not be liable in trespass or otherwise, to the extent permitted by law. 

        In
the event Landlord elects to terminate the Lease by reason of an event of default then notwithstanding such termination, Tenant shall be liable for and shall pay to Landlord, at the
address specified for notice to Landlord herein, the sum of all rental and other indebtedness accrued to date of such termination, plus, as damages, an amount equal to the total rental hereunder for
the remaining portion of the Lease term (had such term not been terminated by Landlord prior to the date of expiration as stated herein), less the reasonable rental value thereof, plus a sum equal to
any other damages incurred by Landlord by reason of such default. 

        In
the event that Landlord elects to repossess the Premises without terminating the Lease, then Tenant shall be liable for and shall pay to Landlord at the address specified for notice
to Landlord herein, all rental and other indebtedness accrued to the date of such repossession, plus rent required to paid by Tenant to Landlord during the remainder of the Lease Term until the date
of expiration of the term as stated herein diminished by any net sums thereafter received by Landlord through reletting the Premises during such period (after deducting expenses incurred by Landlord
as provided below). In no event shall Tenant be entitled to any excess of any rental obtained by reletting over and above the rental herein reserved. Actions to collect amounts due by Tenant to
Landlord under this subparagraph may be brought from time to time, on one or more occasions, without the necessity of Landlord's waiting until expiration of the Lease term. 

        In
the event of any default or breach by Tenant, or threatened or anticipatory breach or default, Tenant shall also be liable and shall pay to Landlord, in addition to any sums provided
to be paid above, broker's fees incurred by Landlord in connection with reletting the whole or any part of the Premises; the costs of removing and storing Tenant's or other occupants' property; the
costs of repairing, altering, remodeling, or otherwise putting the Premises into condition acceptable to a new tenant or tenants; and all reasonable expenses incurred by Landlord in enforcing or
defending Landlord's rights and/or remedies, including reasonable attorney's fees whether suit was actually filed or not. 

        In
the event of termination or repossession of the Premises for an event of default, Landlord shall not, except as set forth herein, have any obligation to relet or attempt to relet the
Premises or any portion thereof, or to collect rental after reletting; and in the event of reletting, Landlord may relet the whole or any portion of the Premises for any period to any tenant and for
any use or purpose. Landlord agrees to use reasonable efforts to mitigate its damages; however, Landlord shall have no obligation to expend sums, give the Premises priority over other vacant space nor
to lease the space on less than market terms. 

        If
Tenant shall fail to make any payment or cure any default hereunder within the time herein permitted, Landlord, without being under any obligation to do so and without thereby waiving
such default, may make such payment and/or remedy such other default for the account of Tenant (and enter the Premises for such purpose), and thereupon Tenant shall be obligated to, and hereby agrees
to
pay Landlord upon demand all costs, expenses and disbursements, including reasonable attorney's fees incurred by Landlord in taking such remedial action. 

        Landlord
is entitled to accept, receive in cash or deposit any payment made by Tenant for any reason or purpose or in any amount whatsoever, and apply the same at Landlord's option to
any obligation of Tenant and the same shall not constitute payment of any amount owed except that to which Landlord has applied the same. No endorsement or statement on any check or letter of Tenant
shall be deemed an accord and satisfaction or recognized for any purpose whatsoever. The acceptance of any such check or payment shall be without prejudice to Landlord's rights to recover any and all

  
amounts owed by Tenant hereunder and shall not be deemed to cure any other default nor prejudice Landlord's rights to pursue any other available remedy. 

 
 
        24.3    Landlord's Default.     Landlord shall not be deemed in default hereunder unless Tenant shall have given
Landlord written notice of such default specifying such default with
particularity and Landlord shall thereupon have thirty (30) days in which to cure any default unless such default cannot reasonably be cured within such period wherein Landlord shall not be in
default if it commences to cure the default within the thirty (30) day period and diligently pursues completion of same. In the event of any default, Tenant agrees that its exclusive remedy
shall be an action for damages. 

 
 
        24.4    Personal Property Lien.     Intentionally Deleted. 

 
 
        24.5    No Consequential Damages.     In any action by Landlord or Tenant against the other for damages arising
from a default under this Lease, such damages shall be limited to the actual
compensatory (as opposed to consequential) damages suffered or incurred by the nondefaulting party, except in the case of a default arising from the gross negligence of Landlord or Tenant. 

 
 
 

ARTICLE 25
  
    HOLDING OVER    
  

        25.1 If
the Tenant shall continue to occupy and continue to pay rent for the Premises after the expiration of this Lease with or without the consent of the Landlord, and
without any further written agreement, the Tenant shall be a tenant from month to month at a monthly Base Rent equal to two hundred percent (200%) of the last full monthly Base Rent payment due
hereunder, and subject to all
of the additional rentals, terms and conditions herein set out except as to expiration of the Lease Term. Such holding over may be terminated by the Landlord or the Tenant upon fifteen
(15) days' notice. In the event that the Tenant fails to surrender the Premises upon termination or expiration of this Lease or such month to month tenancy, then the Tenant shall indemnify the
Landlord against loss or liability resulting from any delay of the Tenant in not surrendering the Premises, including, but not limited to, any amounts required to be paid to third parties who were to
have occupied the Premises and any attorney's fees related thereto. 

 
 
 

ARTICLE 26
  
    NOTICE    
  

 
 
        26.1    Notice.     Any notice, request, statement or other writing pursuant to this Lease shall be deemed to have
been given if sent by registered, certified mail or recognized
receipted overnight mail

  
service, postage prepaid, return receipt requested or delivered by hand to the party at the addresses set forth below: 

	 
	 	 

	TENANT:	 	Gaiam, Inc.

Suite 300

360 Interlocken Boulevard

Broomfield, Colorado 80021

Attention: President
	

LANDLORD:	
 	

Fund IX, Fund X, Fund XI and REIT Joint Venture

c/o Wells Capital, Inc.

6200 The Corners Parkway

Suite 250

Atlanta, Georgia 30092

Attention: Vice President of Property Management
	

with a copy to:	
 	

 
	

 	
 	

Troutman Sanders LLP

Bank of America Plaza

Suite 5200

600 Peachtree Street, N.E.

Atlanta, GA 30308-2216

Attention: Leslie Fuller Secrest, Esq.

and
such notice shall be deemed to have been received by the Landlord or the Tenant, as the case may be, on the earlier of actual receipt or the second business day after the date on which it shall
have been so mailed. 

 
 
        26.2    Change of Address.     Any party may, by notice to the other, from time to time, designate another address,
which notices mailed more than ten (10) days thereafter shall be
addressed. 

 
 
 

ARTICLE 27
  
    SECURITY DEPOSIT    
  

        27.1 Promptly
following the reconciliation of Tenant's actual Prorata Share of Real Estate Taxes and Operating Expenses for calendar year 2001 pursuant to the terms of
Section 4.2 of the Original Lease,
which reconciliation Landlord and Tenant shall cause to occur no later than April 15, 2002 (and for this purpose Landlord agrees to provide the calendar year 2001 information to Tenant no later
than March 15, 2002), and provided no event of default then exists under this Lease (after giving effect to any applicable notice and grace period), Landlord shall return to Tenant the sum of
Thirty-Five Thousand Seven Hundred Sixty-Three and No/100 Dollars ($35,763.00), which sum represents the amount previously deposited by Tenant with Landlord as a security deposit under the
Original Lease, as amended. If at any time thereafter Tenant shall pay or cause to be paid to Landlord a security deposit, then Landlord shall be entitled to intermingle such deposit with its own
funds and to use same for such purposes as Landlord may determine. In the event of default by Tenant in performing any of its obligations under this Lease, Landlord may, in addition to any other right
or remedy available to Landlord hereunder, use, apply, or retain all or any part of said security deposit for the payment of any unpaid rent or for any other amount which Landlord may be required to
expend by reason of the default of Tenant, including any damages or deficiency in the reletting of the Premises or any attorney's fees associated therewith, regardless of whether the accrual of such
damages or deficiency occurs before or after an eviction. If a portion of the security deposit is used or applied by Landlord during the term hereof, Tenant shall, upon five (5) days written
demand, deposit with Landlord an amount

  
sufficient to restore the security deposit to its original amount. Landlord shall return the security deposit (or that portion of the security deposit not previously applied) within thirty
(30) days after the later of expiration of the Lease Term or surrender by Tenant of the Premises without default. 

 
 
 

ARTICLE 28
  
    MISCELLANEOUS PROVISIONS    
  

 
 
        28.1    Captions.     The captions used herein are for convenience only and do not limit or amplify the provisions
hereof. Whenever the singular is used the same shall include the
plural, and words of any gender shall include the other gender. 

 
 
        28.2    Waiver.     One or more waivers of any covenant, term or condition of this Lease by either party should not
be construed as a waiver of a subsequent breach of the same
covenant, term or condition. The consent or approval by either party shall not be construed as a waiver of a subsequent breach of the same covenant, term or condition. The consent or approval by
either party to or of any act by the other party requiring such consent or approval should not be deemed to waive or render unnecessary consent to or approval of any subsequent similar act. 

 
 
        28.3    Entire Agreement.     This Lease contains the entire agreement between the parties and no agreement shall
be effective to change, modify or terminate this Lease in whole or in part
unless such agreement is in writing and duly signed by the parties hereto. 

 
 
        28.4    Severability.     The invalidity or unenforceability of any provision hereof shall not affect or impair any
other provision. 

 
 
        28.5    Modification.     Should any mortgagee or beneficiary under a deed of trust require a modification of this
Lease, which modification will not bring about any increased cost or
expense to Tenant or will in any way substantially change the rights and obligations of Tenant hereunder, then and in such event, Tenant agrees that this Lease may be so modified. 

 
 
        28.6    Governing Law.     This Lease shall be governed by and construed pursuant to the laws of the State of
Colorado. 

 
 
        28.7    Successors and Assigns.     The covenants and conditions herein contained shall inure to and bind the
respective heirs, permitted successors, executors, administrators and assigns of the
parties hereto, and the terms "Landlord" and "Tenant" shall include the permitted successors and assigns of either such party, whether immediate or remote, except as otherwise specifically set forth
in this Lease to the contrary. 

 
 
        28.8    Authorization to Execute.     In the event the Tenant hereunder shall be a corporation, the parties
executing this Lease on behalf of the Tenant hereby covenant and warrant that the Tenant is
a duly qualified corporation and all steps have been taken prior to the date hereof to qualify Tenant to do business in the State of Colorado; all franchise and corporate taxes have been paid to date,
and all future forms, reports, fees and other documents necessary to comply with applicable laws will be filed. 

 
 
        28.9    Guaranty of Lease.     Intentionally Deleted. 

 
 
        28.10    Approval of Documents.     Landlord's approval of Tenant's plans for work performed by Landlord or Tenant
in the Premises shall create no responsibility or liability on the part of Landlord
for their completeness, design, sufficiency, or compliance with any laws, rules, or regulations of governmental agencies or authorities. 

 
 
        28.11    Attorneys Fees.     In the event of any dispute hereunder the prevailing party in such action shall be
entitled to its reasonable attorneys and costs in such action. 

 
 
        28.12    Use of Names.     Landlord shall not publish, relating to this Lease or in conjunction with the Building
Complex the name "Gaiam, Inc." or the name of any employee, officer
or director of

  
"Gaiam, Inc." in any newsletter or similar publication, including press releases, without Tenant's prior consent. Tenant shall not publish Landlord's name or the name of any partner or
affiliated entity or officer of such entity or use the name of the Building Complex relating to this Lease or the Building Complex in any newsletter or similar publication, including press releases,
without Landlord's prior consent. In the event either party is in default hereof, such defaulting party's only remedy shall be an action for actual damages (not consequential) arising from such
default. The foregoing restrictions shall not apply to any disclosures of names by the other party to such party's investors or as may be required by law or any regulation to which the disclosing
party is subject or as otherwise may be required by law or in any legal proceeding. 

 
 
        28.13    Security Card System.     Tenant shall continue to have the right to operate, at its sole cost, expense
and risk, Tenant's own security card system for the Premises. Tenant shall provide
Landlord with a card key for emergency access to the Premises. 

 
 
 

ARTICLE 29
  
    SUBSTITUTION OF PREMISES    
  

        29.1 Intentionally
Deleted. 

 
 
 

ARTICLE 30
  
    RECORDING    
  

        30.1 Tenant
agrees not to place this Lease of record unless requested to execute a Memorandum of Lease by Landlord, which may, at the Landlord's option, be placed of record.
In addition, if requested by the Landlord, the Tenant will execute a memorandum of lease to be filed with the Colorado Department of Revenue on such form as may be prescribed by said department within
ten (10) days after the execution of this Lease or any other such memorandum so that the Landlord may avail itself of the provisions of the statutes such as
Section 39-22-604(7)(c) of the Colorado Revised Statutes (1973). 

        Any
recording by Tenant without Landlord's prior written consent shall at Landlord's option be deemed a default pursuant to Article 24 hereof and Landlord shall have all of the
rights and remedies set forth therein. 

 
 
 

ARTICLE 31
  
    REAL ESTATE BROKER    
  

        31.1 Except
as set forth below, Tenant represents and warrants that Tenant has not dealt with any broker in connection with this Amended and Restated Lease, and that insofar
as Tenant knows, no other broker negotiated or participated in the negotiations of this Amended and Restated Lease, or submitted or showed the Premises, or is entitled to any commission in connection
herewith; and Tenant agrees to indemnify Landlord against any liability arising from a breach of this representation and warranty including reasonable attorney's fees. Tenant has dealt with Commercial
Colorado, LLC, as broker ("Tenant's Broker") as licensed Colorado broker in connection with this Amended and Restated Lease and Landlord shall pay the commission payable by Landlord in conjunction
with this Amended and Restated Lease to Tenant's Broker pursuant to a separate written agreement between Landlord and Tenant's Broker. Tenant agrees to indemnify Landlord from any claims by Tenant's
Broker for any commissions demanded by Tenant's Broker from Landlord except as set forth in said separate letter agreement referenced above. 

 
 
 

 

 
 

ARTICLE 32
  
    RENT PREPAYMENT    
  

        32.1 Intentionally
Deleted. 

 
 
 

ARTICLE 33
  
    OPTION    
  

 
 
        33.1    Option to Extend.     Tenant shall have an option to extend and renew the Lease as to all of the Premises
(but not as to any portion or portions thereof) for one (1) additional
term of three (3) years, or at Tenant's election as specified in Tenant's notice of exercise of the option, for one (1) additional term of five (5) years. In order to exercise
such option, Tenant shall notify Landlord in writing at least one hundred eighty (180) days prior to the expiration of the Lease Term (i.e., by
December 2, 2004) of its election to exercise the option and the length of the renewal term as to which Tenant is exercising the option (i.e., one 3-year or one 5-year
term). If Tenant elects not to extend or fails to timely exercise its option, time being of the essence, the option shall automatically terminate and be of no further force and effect and this Lease
shall terminate upon the expiration of the Extended Term. Upon receipt of such notice from Tenant exercising the renewal option herein granted, Landlord shall submit in writing within thirty
(30) days a proposal for the then current Market Base Rental Rate (per rentable square foot per annum, "NNN") for the renewal term. The Market Base Rental Rate shall not be more than $17.00 per
rentable square foot per annum "NNN" for the first year of the renewal term and increasing at the rate of two percent (2%) per annum thereafter throughout said renewal term. Tenant shall have thirty
(30) days from the receipt of said notice from Landlord to notify Landlord in writing of (i) Tenant's acceptance of the proposed Base Rental Rate, or (ii) Tenant's rejection of
the Base Rental Rate and election to initiate the appraisal process set forth below. If Tenant fails to timely accept or reject the Base Rental Rate specified in Landlord's notice or to elect not to
extend the term of the Lease as provided in the immediately preceding sentence, Tenant shall be deemed to have elected to extend the Lease Term for the period specified in Tenant's original notice of
exercise of the renewal option at the Market Base Rental Rate specified by Landlord in response to said exercise notice. Any such extension shall be upon all of the terms, conditions and covenants of
this Lease except as to (i) the amount of Base Rent, which shall be determined as set forth herein, (ii) options to extend or purchase, which shall not be applicable, (iii) Tenant
finish or other allowances or concessions, and (iv) Tenant shall pay Tenant's Prorata Share of Real Estate Taxes and Operating Expenses throughout the renewal term. As used herein, and subject
to the limitations set forth in this paragraph, "Market Base Rental Rate" shall mean the then base rental rate (exclusive of real estate taxes, utilities and operating expenses) for comparable first
class multi-tenant office buildings of comparable size, location and age in the County of Boulder, Colorado, at such time, taking into account the following factors (1) rent per rentable square
foot; (2) operating expenses and real estate tax payments; (3) current rental escalators and (4) rental concessions, if any. 

        If
Tenant, by written notice delivered no later than thirty (30) days after the date Landlord notifies Tenant of the Market Base Rental Rate, objects to the Market Base Rental
Rate determined by Landlord and elects to submit the rate determination to appraisal, then, within seven (7) days of the date of Tenant's objection, each party shall appoint a
non-affiliated certified M.A.I. Appraiser that has at least five (5) years' full-time commercial appraisal experience in Boulder County to determine the Market Base
Rental Rate, such process to be completed within twenty (20) days after the date of the appointment of the last appraiser. If a party does not appoint a qualified appraiser within five
(5) days after the other party has given notice of the name of the appraiser, then the single appraiser shall be the sole appraiser and shall set the Market Base Rental Rate. The appraisers
appointed by the parties
shall meet promptly and attempt to set the Market Base Rental Rate. If they are unable to agree on the Market Base Rental Rate within twenty (20) days after the date the second appraiser has
been

  
appointed, they shall elect a third appraiser meeting the qualifications stated in this paragraph within seven (7) days after the last day the two (2) appraisers are to set the Market
Base Rental Rate. If the appraisers are unable to agree on the third appraiser, either of the parties to this Lease, after giving five (5) days' prior written notice to the other party, may
apply to the then president of the real estate board of Denver, Colorado for the selection of a third appraiser who meets the qualifications stated in this Section, which selection shall be made
within three (3) days. All determinations of Market Base Rental Rate shall be subject to the limitations on Market Base Rental Rate set forth in the first paragraph of this Section. Each of the
parties shall pay for the appraiser appointed by it and shall bear one-half of the cost of appointing the third appraiser and of paying the third appraiser's fee. The third appraiser,
however selected, shall be a person who has not previously acted in any capacity for either party. The appraisers shall be instructed to consider the criteria above stated in determining the Market
Base Rental Rate. 

        Within
twenty (20) days after the selection of the third appraiser, the third appraiser shall determine the Market Base Rental Rate and all three of the appraiser's Market Base
Rental Rates shall be averaged excluding any single Market Base Rental Rate which is either ten percent (10%) higher or lower than the middle appraisal of Market Base Rental Rate and the remaining
appraisals shall then be averaged. 

        If
the Market Base Rental Rate is not established for the extended term prior to its commencement, Tenant shall continue to pay the applicable Base Rent required for the last full month
of the Lease term until the appraisers have made their determination. The Market Base Rental Rate in question, when finally determined by the appraisers, shall be retroactive to the commencement of
the extension term, and the first Base Rent payment becoming due after the determination of the applicable Market Base Rental Rate shall include the retroactive amounts of monthly Base Rent
installments accrued and unpaid. In no event may either Landlord or Tenant elect not to extend the Lease based upon the Market Base Rental Rate established in accordance herewith. 

        This
option to extend may not be exercised and the Lease shall not be extended if Landlord has given Tenant notice of default which default is not cured within any applicable cure
periods or waived by Landlord. 

 
 
        33.2    Refurbishment Allowance.     Provided that at the time of the exercise of the option for the renewal term
provided in Section 33.1 of this Amended and Restated Lease, the Lease is in
effect and no event of default then exists or occurs prior to the commencement of the renewal term, then, within thirty (30) days following the execution and delivery by Tenant of an amendment
to the Lease confirming Tenant's exercise of the renewal option contemplated in said Section 33.1, the expiration date of said renewal term, the Rentable Area of the Premises, and the amount of
the Base Rental Rate payable during said renewal term, Landlord shall make a refurbishment allowance available to Tenant in an amount equal to One and No/100 Dollar ($1.00) multipled by (a) the
number of years contained in the renewal term, and (b) the number of rentable square feet of space contained in the Premises (the "Refurbishment Allowance"). The Refurbishment Allowance may be
used solely for and applied to costs and expenses paid or incurred by
Tenant for improvements to the Premises, including, without limitation, painting, wallpapering, recarpeting or other improvements to the Premises made by Tenant in accordance with the terms of the
Lease. At the Tenant's election, Landlord shall either reimburse Tenant or pay directly to Tenant's contractor or contractors, for the costs of such improvements, up to the amount of the Refurbishment
Allowance, within thirty (30) days of receipt from Tenant of invoices, cancelled checks or other back-up materials documenting the cost and expense of such improvements actually
made to the Premises. Any unused portion of the Refurbishment Allowance shall remain Landlord's property. In the event of the termination of the Lease in whole or in part or abandonment of the
Premises (or portions thereof) by Tenant prior to the expiration of the renewal term, Tenant shall pay to Landlord as additional rent, the unamortized portion of the Refurbishment Allowance actually
paid to or for the account of such Tenant, based on the number of months contained within

  
the renewal term. The unamortized portion of the Refurbishment Allowance shall equal the amount determined by multiplying the amount of the Refurbishment Allowance actually paid by Landlord to or for
the account of Tenant, multiplied by a fraction, (a) the numerator of which shall equal the number of calendar days elapsed from the date of the termination of the Lease or the abandonment of
the Premises or portion(s) thereof by Tenant to the date on which the renewal term would have expired but for any such early termination of this Lease, and (b) the denominator of which shall be
the number of calendar days contained within the renewal term exercised by Tenant pursuant to Section 33.1. 

 
 
        33.3    Right of First Offer to Lease Additional Space in the Building.     Landlord hereby grants to Tenant the
right of first offer (the "ROFO"), exercisable at any time, to expand the Premises to include any space in the Building which
is contiguous to the Premises and which is not leased by Tenant and which is not subject to a lease or to options of other tenant(s) and which is not then subject to active negotiations for lease or
option to other prospective tenant(s) (such then available space being herein referred to as the "Option Space") on the following terms and conditions: 

        (a)  Landlord
shall give notice (the "ROFO Notice") to Tenant of Landlord's desire to lease the Option Space and the terms and conditions upon which Landlord intends to offer
such space for rent. If Tenant elects to lease the Option Space which is the subject of Landlord's ROFO Notice (or in response to Tenant's "Expansion Notice") (as defined below), Tenant shall lease
such space in "AS IS" condition for a minimum of twelve (12) months and a term that is coterminous with the expiration of the Lease Term, and otherwise on the same terms and conditions set
forth in this Amended and Restated Lease. 

        (b)  Tenant
shall have ten (10) business days after Landlord's notice to respond as to whether Tenant desires to lease the Option Space on the terms and conditions set
forth in this Amended and Restated Lease. If Tenant elects not to lease the Option Space or fails to respond within said ten (10) business day period, then for a period of twelve
(12) months following the date of Landlord's ROFO Notice to Tenant as to the Option Space in question, Landlord shall be free to lease or otherwise grant rights in the Option Space in question
to any third party. If at the expiration of said twelve-month period, Landlord has not leased the subject Option Space or granted any options to the Option Space to any third party and is not then
actively engaged in lease negotiations with a third party for the lease or option of all or any portion of the subject Option Space, Tenant's ROFO, as granted hereunder, shall again apply to the
subject Option Space which is not then leased or subject to an option to lease in favor of a third party or which is not then subject to active negotiations between Landlord and a third
party. Further, if at any time during the Term of the Lease, Tenant shall notify Landlord in writing that it desires to lease additional space in the Building (such notice from Tenant being herein
referred to as the "Expansion Notice") and at the time of Landlord's receipt of the Expansion Notice, there is Option Space available, then Landlord agrees to lease the Option Space to Tenant, subject
to all of the terms and conditions of this Section 33.3 to Tenant. If Tenant elects to lease such Option Space, Tenant shall execute an amendment to this Lease reflecting the addition of all
(and not less than all of) such space to the Premises for a term coterminous with the term of the Lease no later than ten (10) days from receipt of the ROFO Notice or Landlord's response to an
Expansion Notice and an appropriate amendment to the Lease from Landlord. 

        (c)  If
Tenant elects to lease the Option Space, all economic terms (including, without limitation, Base Rental, additional rent, refurbishment allowance, and other rental
concessions) shall be as specified in this Amended and Restated Lease; provided, however, that no Refurbishment Allowance shall be payable with respect to any Option Space that is leased for less than
thirty-six (36) months. The ROFO granted herein to Tenant shall be personal to Tenant and shall not be assignable to any assignee or subtenant of Tenant's rights under the Lease,
but nothing contained herein shall be deemed as limiting the right of Tenant, following the exercise of the ROFO, to assign or sublet the subject Option Space as permitted under Article 7
hereof.

 

 
 
        33.4    Generator.     Landlord hereby agrees to purchase and install or cause to be installed at Landlord's
expense, not to exceed the sum of Two Hundred Forty-Five
Thousand and No/100 Dollars ($245,000.00) (including all "hard" costs and "soft" costs, including without limitation, design fees, permitting fees and labor, equipment and installation costs), an
emergency back-up power generator (having capacity of approximately 300 kW) to be located outside the Building to serve the entire Building (the "Generator"). Prior to purchasing and
installing the Generator, Landlord shall provide Tenant with information regarding the design specifications for the Generator and fuel capacity of any associated fuel tank to be used solely for
storage of petroleum products for use in the operation of the Generator proposed to be installed by Landlord, and Tenant shall have the right to approve the same, which approval shall not be
unreasonably withheld, conditioned or delayed, and which approval shall be given no later than March 31, 2002 (such approved equipment specifications for the Generator and said fuel tank are
herein referred to collectively as the "Equipment Specifications"). In no event shall Landlord be required to expend in excess of $245,000.00 in connection with the design, acquisition and
installation of the Generator and related fuel tank, and in no event shall Landlord be deemed to warrant or guarantee that the Generator shall actually perform to its Equipment Specifications.
Landlord agrees, however, to use its diligent, good faith efforts on behalf of Tenant to enforce any warranty or guaranty given or made by the manufacturer of the Generator and by the contractor that
installs the same. Subject to Section 23.2 and any delays caused by Tenant, Landlord shall cause the Generator to be installed and operational no later than September 1, 2002. 

        In
the event that at any time prior to March 31, 2007, this Lease is terminated in whole or in part (whether by reason of the failure of Tenant to exercise, or the decision of
Tenant not to exercise, the extension option granted in Section 33.1 hereof, or by reason of a termination upon default) or Tenant shall be in default in the payment of Rent, Tenant shall pay
to Landlord, as additional rent, the unamortized cost of the Generator and related fuel tank, the cost of which shall be amortized on a
straight-line basis over sixty (60) months commencing on April 1, 2002 and ending on March 31, 2007, less the residual value of the Generator and related fuel tank,
which Landlord and Tenant stipulate to be the sum of $24,000.00. The unamortized cost of the Generator and related fuel tank shall equal the amount determined by multiplying the actual cost and
expense paid and incurred by Landlord in purchasing the Generator and related fuel tank and causing the same to be installed at the Building, not to exceed the sum of $245,000.00, multiplied by a
fraction, (a) the numerator of which shall equal the number of calendar days elapsed from the date on which the Lease shall expire or be terminated in whole or in part as set forth above or
Tenant is in default in the payment of Rent, and ending on March 31, 2007, and (b) the denominator of which equals the number of calendar days elapsed between April 1, 2002 and
March 31, 2007. 

        The
Generator and related fuel tank shall at all times be and remain Landlord's property. Landlord shall be responsible for the maintenance, monitoring, repair, testing and operation of
the Generator, and for the purchase of fuel for the Generator. All costs and expenses incurred by Landlord in connection with the maintenance, monitoring, repair, testing and operation of the
Generator, together with all costs and expenses of fuel and utilities associated with the Generator, shall be included in Operating Expenses. Tenant agrees that the Generator shall be used only in
emergencies. Landlord and Tenant shall work cooperatively and in good faith to assure that the Generator remains in good operating condition at all times. Any actions that Landlord or Tenant may
undertake or cause to be undertaken in respect of the Generator and/or related fuel tank shall be taken in strict accordance with all applicable federal, state and local laws, codes and regulations,
and in such a manner as not to abrogate, limit or nullify any warranties or guaranties given or made by the equipment manufacturer or installer. If Tenant becomes aware of any defective or apparently
defective operation of the Generator, or of any actual or impending shortage of fuel for the Generator, Tenant shall immediately notify Landlord thereof in writing. 

 
 
 

 

 
 

ARTICLE 34
  
    RATIFICATION OF RESTATEMENT    
  

 
 
        34.1.    Ratification and Binding Effect.     As expressly modified by this Amended and Restated Lease, the Lease
shall remain in full force and effect, and is expressly ratified and confirmed by the parties
hereto. Without limiting the foregoing, Tenant hereby (i) ratifies and affirms all of its obligations under the Lease, as modified, amended and restated hereby; (ii) acknowledges,
represents and warrants that the Lease, as so modified, amended and restated is valid and enforceable, and, as of this date, is free from any defenses, setoffs claims, counterclaims, causes of action
or any kind or nature whatsoever of which Tenant has knowledge. This Amended and Restated Lease shall be governed by and construed in accordance with the laws of the
State of Colorado, and shall be binding upon and inure to the benefit of the parties hereto and their respective heirs, successors, representatives and permitted assigns. 

 
 
        34.2.    Entire Agreement.     This Amended and Restated Lease constitutes the entire understanding and agreement
of the parties hereto with respect to the matters discussed herein in relation
to the Premises from and after April 1, 2002 and supersedes all prior agreements, understandings or negotiations with respect thereto. For all periods prior to April 1, 2002, the Lease
shall remain in full force and effect according to its terms. 

 
 
        34.3.    Miscellaneous.     

        (a)  Except
as herein expressly amended and restated, each and every term, condition, warranty and provision of the Lease shall remain in full force and effect, and as such
are hereby ratified, confirmed and approved by Landlord and Tenant. 

        (b)  This
Amended and Restated Lease may be executed in multiple counterparts, each of which shall be deemed an original. 

        [SIGNATURES
BEGIN ON NEXT PAGE] 

   
        IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated Lease as of this 14th day of February, 2002. 

	 	 	LANDLORD:
	

 	
 	
FUND IX, FUND X, FUND XI AND REIT JOINT VENTURE, a Georgia joint venture
	

 	
 	

By:	
 	

Wells Real Estate Fund IX, L.P., as Administrative Venturer
	

 	
 	

 	
 	

By:	
 	

Wells Partners, L.P., a Georgia imited partnership, as General Partner of Wells Real Estate Fund IX, L.P.
	

 	
 	

 	
 	

By:	
 	

Wells Capital, Inc., as General Partner of Wells Partners, L.P.
	

 	
 	

 	
 	

By:	
 	

/s/  DOUGLAS P. WILLIAMS      

	 	 	 	 	Name:	 	Douglas P. Williams

	 	 	 	 	Title:	 	Senior Vice President

	

 	
 	

 	
 	

 	
 	

(CORPORATE SEAL)

        [SIGNATURES
CONTINUED ON NEXT PAGE] 

 

        [SIGNATURES
CONTINUED FROM PREVIOUS PAGE] 

	 	 	TENANT:
	

 	
 	
GAIAM, INC., a Colorado corporation
	 	 	By:	 	 	 	 
	 	 	 	 	/s/  LYNN POWERS      
 Lynn Powers

President
	

 	
 	

 	
 	

(CORPORATE SEAL)

 

EXHIBIT A

LEGAL DESCRIPTION  

Lot
2, Block 1,

Minor Subdivision Interlocken Filing No. 3

City of Broomfield,

County of Boulder,

State of Colorado 

 

EXHIBIT B

FLOOR PLAN  

 

EXHIBIT C

INTENTIONALLY DELETED  

 

EXHIBIT D

INTENTIONALLY DELETED  

 

EXHIBIT E

INTENTIONALLY DELETED  

        

   EXHIBIT A

LEGAL DESCRIPTION  

Lot
2, Block 1,

Minor Subdivision Interlocken Filing No. 3

City of Broomfield,

County of Boulder,

State of Colorado 

   EXHIBIT B

FLOOR PLAN  

   EXHIBIT C

INTENTIONALLY DELETED  

   EXHIBIT D

INTENTIONALLY DELETED  

        

EXHIBIT E

INTENTIONALLY DELETED  

        

   EXHIBIT F

RULES AND REGULATIONS  

          1.  Tenant,
by execution of this Lease and occupancy of the Premises, agrees to comply with any covenants, conditions and restrictions as recorded with the Clerk and
Recorder of the County of Boulder, State of Colorado (the "Covenants"), as heretofore and hereafter amended, as applicable to Tenant's use and enjoyment of the Premises and Building Complex. In
addition to all rights available to Landlord hereunder, in the event Landlord is required to pay to any association referenced in such Covenants, any fines, assessments, charges or other amounts on
account of any act or omission of Tenant, its agents, employees or invitees, Tenant shall, upon demand, reimburse Landlord for such amounts, together with interest thereon at the Default Rate. 

          2.  Tenant
shall not obstruct or interfere with the rights of other tenants of the Building Complex or of persons having business in the Building Complex or in any way
injure or annoy such tenants or persons. 

          3.  Tenant
shall not commit any willful act or permit anything in or about the Building Complex which shall or might subject Landlord to any liability or responsibility for
injury to any person or property by reason of any business or operation being carried on, in or about the Building Complex or for any other reason, subject to and in accordance with the terms of this
Lease. 

          4.  Tenant
shall not use the Building for lodging or for any illegal purposes or for any purpose that will damage the Building Complex, or the reputation of the Building as
a Class A suburban office building or for any purposes other than those specified in the Lease. 

          5.  Canvassing,
soliciting, and peddling in the Building Complex are prohibited, and Tenant shall cooperate to prevent such activities. 

          6.  Tenant
shall not bring or keep within the Building any animal, bicycle, or motorcycle. 

          7.  Tenant
shall not commercially prepare and/or cook food or beverages in or about the Building without the prior written consent of Landlord. Tenant shall not, except for  de minimis amounts (consistent with uses
of a Class A suburban office building or a video production facility and which do not require special
governmental mandated permits, storage or disposal) place, use or store any flammable, combustible, explosive or hazardous fluid, chemical, device, substance or material in, on or about the Premises.
Tenant shall comply with the statutes, ordinances, rules, orders, regulations and requirements imposed by governmental or quasi-governmental authorities in connection with fire and panic safety and
fire prevention and shall not commit any act or permit any object to be brought or kept in the Building Complex, which shall result in a change of rating of any portion of the Building Complex by the
Insurance Services Office or similar person or entity subject to the terms of this Lease. Tenant shall not commit any act or permit any object to be brought or kept in the Building which shall
increase the rate of fire insurance on the Building or on property located therein, subject to the terms of this Lease. In the event that Tenant's use increases the rate of fire insurance, then Tenant
shall, if Landlord permits such use, pay to Landlord upon demand, as Additional Rent, an amount equal to the increase in the rate. 

          8.  Tenant
shall not occupy the Building or permit any portion of the Building Complex to be occupied for the manufacture or direct sale of liquor, narcotics, or tobacco in
any form, or as a medical office, barber shop, manicure shop, music or dance studio. Tenant shall not conduct in or about the Building Complex any auction, public or private without the prior written
approval of Landlord. 

          9.  Tenant
shall not install or use in the Building Complex any (i) air conditioning unit, (ii) engine or boiler powered by fuel including diesel fuel,
gasoline, propane or natural gas; (iii) generator, (iv) industrial ventilator or machinery, (v) heating unit (other than space heaters),

  
(vi) stove, (vii) commercial condensing unit, (viii) radiator or any other similar apparatus without the express prior written consent of Landlord, and then only as Landlord may
reasonably direct. 

        10.  Any
office equipment and other device of any electrical or mechanical nature which causes in its operation vibrations, noise or other annoyance to tenants in the
Building shall be placed by Tenant in the Premises in settings reasonably approved by Landlord, so as to absorb or prevent any vibration, noise, or annoyance. Tenant shall not cause improper noises,
vibrations, or odors within the Building Complex. 

        11.  Tenant
shall move all freight, supplies, furniture, fixtures, and other personal property into, within and out of the Building only through such entrances as may be
reasonably designated by Landlord, and such movement of such items shall be under the reasonable supervision of Landlord. Landlord reserves the right to exclude from the Building Complex all objects
which violate any of these rules and regulations or the provisions of the Lease. Tenant shall not move or install such objects in or about the Building Complex in such a fashion as to unreasonably
obstruct the activities of the other tenants, and all such moving shall be at the sole expense, risk, and responsibility of Tenant. 

        12.  Tenant
shall not place within the Building any objects which exceed the floor weight specifications of the Building without the express prior written consent of
Landlord. The placement and positioning of all such objects within the Building shall be reasonably prescribed by Landlord and such objects shall, in all cases, be placed upon plates or footings of
such size as shall be reasonably prescribed by Landlord. 

        13.  Tenant
shall not deposit any trash, refuse, cigarettes, or other substances of any kind within or out of the Building except in refuse containers provided therefor.
Tenant shall exercise its best efforts to keep the sidewalks, entrances, passages, courts, lobby areas, parking areas, vestibules, public corridors and halls in and about the Building (hereinafter
"Common Areas") clean and free from rubbish; however Tenant is not responsible for the trash or refuse of parties other than Tenant, its employees, agents, contractors and invitees. 

        14.  Tenant
shall use the Common Areas only as a means of ingress and egress and other designed purposes, and Tenant shall permit no loitering by any of Tenant's employees
upon Common Areas or elsewhere within the Building Complex. The Common Areas and roof of the Building are not for the use of the general public, and Landlord shall in all cases retain the right to
control or prevent access thereto by all persons whose presence in the reasonable judgment of the Landlord, shall be prejudicial to the safety, character, reputation or interests of the Building
Complex and its tenants. Tenant shall not go upon the roof of the Building without the express prior written consent of the Landlord. 

        15.  Landlord
reserves the right to exclude or expel from the Building Complex any person who, in the reasonable judgment of Landlord, is intoxicated or under the influence
of liquor or drugs or who shall in any manner act in violation of the rules and regulations of the Building Complex. 

        16.  a.    Subject
to the terms of paragraph b below. Landlord shall have the right to reasonably designate the area or areas, if any, in which Tenant and
Tenant's servants, employees, contractors, jobbers, agents, licenses, invitees, guests and visitors may park vehicles, and Tenant and its servants, employees, contractors, jobbers, agents, licensees,
invitees, guests and visitors shall observe and comply with all driving and parking signs and markers within and about the Building Complex. All parking ramps and areas and any pedestrian walkways,
plazas or other public areas forming and part of the Building or the land upon which the Building Complex is situated shall be under the reasonable control of Landlord, who shall have the right to
reasonably regulate and control those areas. Landlord may promulgate rules and regulations concerning parking from time to time, and Tenant agrees to comply therewith. Tenant acknowledges that
Landlord has reserved the right to remove vehicles which violate parking regulations.

 

        b.    Tenant
shall have the right at any time, upon written notice to Landlord, to have Landlord using building standard signage, designate up to ten (10) parking spaces
as being for the exclusive use of
Tenant. The cost of the signage shall be borne by Tenant and the location of the parking so designated is shown on Exhibit H attached hereto. Tenant acknowledges that Landlord shall have no
obligation to police such designated parking; however, upon receipt of notice from Tenant specifying vehicles that are violating its exclusive use, Landlord shall take such reasonable actions as
necessary, including towing, to protect Tenant's exclusive use of the parking spaces. 

        17.  No
smoking is permitted at any time in, on or about the Building and the Building Complex, including the lobby, the parking lot and exterior Common Areas. Tenant shall
comply herewith and cause its employees, agents, contractors and invitees to comply herewith. Tenant may, subject to compliance with applicable laws, permit smoking within the Premises, provided in no
event may any secondary smoke from the Premises be present in other parts of the Building and Tenant shall be solely responsible at its own cost and expense. Except as required by applicable law,
Landlord will not modify this rule or regulation in this Lease or any other Lease in the Building to make it less restrictive. 

        18.  Tenant
shall not use the washrooms, restrooms and plumbing fixtures of the Building Complex, and appurtenances thereto, for any other purpose than the purposes for which
they were constructed, and Tenant shall not deposit any sweepings, rubbish, rags or other improper substances therein. Tenant shall not waste water by interfering or tampering with the faucets or
otherwise. If Tenant or Tenant's servants, employees, contractors, jobbers, agents, licensees, invitees, guests or visitors, cause any damage to such washrooms, restrooms, plumbing fixtures or
appurtenances, such damage shall be repaired at Tenant's reasonable expense within fifteen (15) days of receipt of written notification from Landlord during which period Tenant may repair same,
and Landlord shall not be responsible therefor. 

        19.  Tenant
may make alterations to the Premises consistent with the terms of Article 15 of the Lease. Upon removal of any wall decorations or installations or floor
coverings by Tenant, any damage to the walls or floors shall be repaired by Tenant at Tenant's sole cost and expense. Without limitation upon any of the provisions of the Lease, Tenant shall refer all
contractors, representatives, installation technicians, and other mechanics, artisans and laborers rendering any service in connection with the repair, or permanent improvements of the Premises to
Landlord for Landlord's approval before performance of any such service. This Paragraph 19 shall apply to all work performed in the Building, including without limitation installation of
telephones, telegraph equipment, electrical devices and attachments and installations of any nature affecting floors, walls, woodwork, trim, windows, ceilings, equipment or any other portion of the
Building Complex. Plans and specifications for such work, prepared at Tenant's sole expense, shall be submitted to Landlord and shall be subject to Landlord's express prior written approval in each
instance before the commencement of work. All installations, alterations and additions shall be constructed by Tenant in a good and workmanlike manner and only good grades of material shall be used in
connection therewith. The means by which telephone, telegraph and similar wires are to be introduced to the Premises and the location of telephones, call boxes and other office equipment affixed to
the Premises shall be subject to the express prior written approval of Landlord. Tenant shall not lay linoleum or similar floor coverings so that the same shall come into direct contact with the floor
of the Premises and, if linoleum or other similar floor covering is to be used, an interlining of builder's deadening felt shall be first affixed to the floor, by a paste or other material soluble in
water. The use of cement or other similar adhesive materials is expressly prohibited. 

        20.  No
signs, awning, showcases, advertising devices or other projections or obstructions shall be attached to the outside walls of the Building Complex or attached or
placed upon any Common Areas without the express prior consent of Landlord. No blinds, drapes or other window coverings shall be installed in the Building without the express prior written consent of
Landlord, except for "black out" drapes which have been approved by Landlord. No promotional sign or picture, advertisement, window

  
display or other public display or notice in the nature of advertising or other promotional display shall be inscribed, exhibited, painted or affixed by Tenant upon or within any part of the Premises
in such a fashion as to be seen from the outside of the Premises or the Building without the express prior written consent of Landlord. In the event of the violation of any of the foregoing by Tenant,
Landlord may within fifteen (15) days of written notice to Tenant during which period Tenant may repair same, remove the articles constituting the violation without any liability unless a loss
other then said removal, arises from Landlord's willful or negligent acts or omissions, and Tenant shall reimburse Landlord for the reasonable expenses incurred in such removal upon demand and upon
submission of applicable bills as additional rent under the Lease. Interior signs on doors (exclusive of interiors of the Premises) and upon the Building directory shall be subject to the express
prior written approval of Landlord and shall be inscribed, painted, or affixed by Landlord at the reasonable expense of Tenant upon submission of applicable bills to Tenant. 

        21.  Tenant
shall not use the name of the Building or the name of the Landlord in its business name, trademarks, signs, advertisements, descriptive material, letterhead,
insignia or any other similar item without Landlord's express prior written consent. 

        22.  The
sashes, sash doors, skylights, windows, and doors that reflect or admit light or air into the Common Areas shall not be covered or obstructed by Tenant, through
placement of objects upon windowsills or otherwise. Tenant shall cooperate with Landlord in obtaining maximum effectiveness of the cooling system of the Building. Tenant shall not obstruct, alter or
in any way impair the efficient operation of Landlord's heating, ventilating, air conditioning, electrical, fire, safety, or lighting systems. 

        23.  Subject
to the Lease, applicable fire or other safety regulations, all doors opening onto Common Areas and all doors upon the perimeter of the Premises shall be kept
closed and, during non-business hours, locked, except when in use for ingress or egress. If Tenant uses the Premises after regular business hours or on non-business days,
Tenant shall, subject to the Lease, lock any entrance doors to the Building or to the Premises used by Tenant immediately after using such doors. 

        24.  Intentionally
Deleted. 

        25.  All
keys to the exterior doors of the Premises shall be obtained by Tenant from Landlord, and Tenant shall pay to Landlord a reasonable deposit determined by Landlord
from time to time upon written notice to Tenant for such keys. Tenant shall not make duplicate copies of such keys. Subject to the Lease, Tenant shall have the right to install substitute or
additional locks or bolts upon any of the doors of the interior doors of the Premises and Tenant shall notify Landlord prior to making any
changes in existing locks or the mechanisms thereof and shall give Landlord a key therefor. Tenant shall, upon the termination of its tenancy, provide Landlord with the combinations and keys, if any,
to all combination locks on safes, safe cabinets and vaults and deliver to Landlord all keys to the Building, the Premises and all interior doors, cabinets, and other key-controlled
mechanisms therein, whether or not such keys were furnished to Tenant by Landlord, if any. Tenant shall pay to Landlord the reasonable cost of replacing the same or of changing the lock or locks
opened by such lost key if Landlord shall reasonably deem it necessary to make such a change. 

        26.  Landlord
shall not be responsible for, and Tenant hereby indemnifies and holds Landlord harmless from any liability in connection with, the loss, theft, misappropriation
or other disappearance of furniture, furnishings, fixtures, machinery, equipment, money, jewelry or other items of personal property from the Premises or other parts of the Building regardless of
whether the Premises or Building are locked at the time of such loss unless the loss arises from Landlord's willful or negligent acts or omissions. 

        27.  For
purposes hereof, the terms "Landlord," "Tenant," "Building," and "Premises" are defined as those terms are defined in the Lease to which these Rules and Regulations
are attached. Wherever Tenant is obligated under these Rules and Regulations to do or refrain from doing an act or thing, such

  
obligation shall include the exercise by Tenant of its reasonable efforts to secure compliance with such obligation by the servants, employees, contractors, jobbers, agents, invitees, licensees,
guests and visitors of Tenant. The term "Building" and "Building Complex" shall include the Premises, and any obligations of Tenant hereunder with regard to the Building and Building Complex shall
apply with equal force to the Premises and to other parts of the Building Complex. 

        28.  Landlord
shall use reasonable efforts to enforce rules and regulations against Tenant in a manner which is not materially and/or adversely inconsistent with its
application of the rules against other tenants in the Building and to the extent that Landlord grants less restrictive rules or regulations to any tenant, then Tenant shall get the benefit therefrom.
Tenant acknowledges that these rules and regulations have been amended by Landlord and Tenant and thus some rules and regulations applicable to other tenants in the Building may not be applicable to
Tenant. In no event will Landlord impose any less restrictive rules or regulations in leases with other tenants in the Building as such rules or regulations pertain to smoking, noise, vibrations and
odors. Furthermore, notwithstanding any other provision to the contrary Landlord will not permit as reserved parking for any other tenant more than fifteen percent (15%) of such tenant's allocated
parking, nor shall Landlord permit any reserved parking for such tenant(s) in the first parking row immediately in front of the Building. 

   EXHIBIT G

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00035-of-00352.parquet"}]]