Document:

Exhibit 10.1

 

RADVIEW SOFTWARE LTD.

EMPLOYEE SHARE PURCHASE PLAN

 

1.             Purpose.  The purpose of the RadView Software Ltd. Employee Share Purchase

Plan is to provide Eligible Employees of the Company and its Subsidiaries with

a means to acquire Ordinary Shares through payroll deductions.  The Plan is intended to qualify as an

“employee stock purchase plan” under Section 423 of the Code and shall be

interpreted and construed accordingly.

 

2.           Definitions.  For purposes of the Plan, the following terms have the following

meanings:

(a)          “Account” shall mean the bookkeeping account established in the name of

each Participant to reflect the payroll deductions made on behalf of the

Participant.

(b)         “Board” shall mean the Board of Directors of the Company.

(c)          “Code” shall mean the Internal Revenue Code of 1986, as amended.

(d)         “Committee” shall mean the committee appointed to administer the Plan in

accordance with Section 4 or, if no such committee is duly constituted or

appointed, the Board.

(e)          “Company” shall mean RadView Software Ltd., an Israeli corporation, and

any successor thereto.

(f)            “Compensation” shall mean the base compensation paid by the Company or a

Subsidiary to a Participant excluding any bonuses, overtime pay, severance,

sick leave, expense and relocation allowances, gains from the exercise of stock

options and other irregular payments (except commissions).

(g)         “Eligible Employee” shall mean, with respect to an Offering Period, any

Employee on the Enrollment Date who satisfies each of the following criteria:

(i)           the

Employee does not immediately after the grant, directly or indirectly, own

stock (as defined by the Code) and/or hold outstanding options to purchase

stock possessing five percent (5%) or more of the total combined voting power

or value of all classes of stock of the Company or any “parent corporation” or

“subsidiary corporation” (within the meaning of Section 424(e) and (f) of the

Code) of the Company;

(ii)          the

Employee’s customary employment is for twenty (20) hours or more per week (or

such lesser number of hours established by the Committee on a uniform and

nondiscriminatory basis);

(iii)       solely

to the extent provided by the Committee in connection with the Offering Period,

the Employee has been employed by the Company or any of its Subsidiaries for a

period of not less than two (2) years (or such lesser period established by the

Committee on a uniform and nondiscriminatory basis); and

(iv)      solely

to the extent provided by the Committee in connection with the Offering Period,

the Employee customarily works a minimum of five (5) months per year (or such

lesser number of months established by the Committee on a uniform and

nondiscriminatory basis).

If

the Committee permits any Eligible Employee of a Subsidiary to participate in

the Plan during an Offering Period, then all Eligible Employees of that

Subsidiary shall also be permitted to participate in the Plan during such

Offering Period.  The Committee may also

determine that a designated group of “highly compensated employees” (within the

meaning of Section 414(q) of the Code) are ineligible to participate in the

Plan during an Offering Period.

(h)         “Employee” shall mean any person on the active employment payroll of the

Company or any of its Subsidiaries.  Any

person classified by the Company or any of its Subsidiaries at the time

services are provided as an independent contractor or consultant shall not be

eligible to participate in the Plan during the period which he or she is so

classified even if later retroactively reclassified as an Employee during all

or any part of such period pursuant to applicable law or otherwise.

(i)             “Enrollment Date” shall mean the first day of an Offering Period.

(j)             “Exercise Date” shall mean the last day of an Offering Period.

(k)          “Fair Market Value” for purposes of the Plan, unless otherwise required

by the Code, shall mean, as of any date, the closing sale price per Ordinary

Share as published by the principal national securities exchange on which the

Ordinary Shares are traded on such date or, if there is no sale of Ordinary

Shares on such date, the average of the bid and asked prices on such exchange

at the close of trading on such date, or if Ordinary Shares are not listed on a

national securities exchange on such date, the last reported trading price or, if

none, the average of the bid and asked prices in the over-the-counter market at

the close of trading on such date.  If

there is no such reported price for the Ordinary Shares for the date in

question due to the applicable 

 

 

 

stock market not being open for trading, then such

price on the last preceding date for which such price exists shall be

determinative of Fair Market Value.

(l)             “Offering Period” shall mean the three-(3) month period commencing on

September 1, 2002 (or such later date as established by the Committee) and

ending on November 30, 2002, and each successive three-(3) month period

thereafter.  To the extent permitted

under Section 423 of the Code, the Committee shall have the power to change the

duration of future Offering Periods and the commencement dates thereof.

(m)       “Ordinary Shares” shall mean the Company’s Ordinary Shares, NIS 0.01 par

value per share.

(n)         “Participant” shall mean any Eligible Employee for whom an Account is

maintained under the Plan.

(o)         “Plan” shall mean this RadView Software Ltd. Employee Stock Purchase

Plan, as amended from time to time.

(p)         “Purchase Price” shall mean, subject to adjustment pursuant to Section 10

hereof, eighty-five percent (85%) of the lesser of the Fair Market Value of an

Ordinary Share on (i) the Enrollment Date or (ii) the Exercise Date.

(q)         “Subsidiary”

shall mean any “subsidiary corporation” of the Company (within the meaning of

Section 424(f) of the Code) that is designated by the Committee as an eligible

Subsidiary under the Plan from time to time.

 

3.               Available Shares.  Subject to adjustment as provided in Section 10, the maximum

number of Ordinary Shares that may be issued under the Plan shall not exceed

1,500,000 shares.  Such shares may be

either authorized and unissued or held by the Company in its treasury.  Subject to applicable law and the Company’s

Articles of Association, the Company may satisfy its obligation hereunder by

purchasing previously issued and outstanding Ordinary Shares.  Subject to adjustment pursuant to Section 10

or as otherwise determined by the Committee prior to the commencement of any

Offering Period, the maximum number of Ordinary Shares a Participant may

purchase during each  Offering Period

shall not exceed 15,000 shares.

 

4.               Administration.  The Plan shall be administered by the Company’s Compensation

Committee or such other committee appointed by the Board from time to

time.  Subject to the provisions of the

Plan, the Committee, acting in its sole and absolute discretion, shall have

full power and authority to interpret the provisions of the Plan, to change the

time covered by an Offering Period, to supervise the administration of the

Plan, and to take such other action as may be necessary or desirable in order

to carry out the provisions of the Plan. 

A majority of the members of the Committee shall constitute a

quorum.  The Committee may act by the

vote of a majority of its members present at a meeting at which there is a

quorum or by written consent.  The

decision of the Committee, including questions of construction, interpretation

and administration, shall be final, binding and conclusive on all persons. No

member of the board of directors or of the Committee shall be liable for any

action or determination in good faith with respect to the plan.

 

5.               Eligibility and Enrollment.  An Eligible Employee shall become a Participant on the first

Enrollment Date occurring on or after his or her satisfaction of the Plan’s

eligibility requirements and completion of a Plan enrollment form authorizing

payroll deductions.  Such enrollment

form must be filed with the Company prior to the applicable Offering Period and

during the enrollment period established by the Company.  Payroll deductions for a Participant shall

commence with the first payroll and shall end with the last payroll in the

Offering Period to which such authorization is applicable, unless sooner

terminated by the Participant in accordance with the provisions hereof.  Notwithstanding any provisions of the Plan

to the contrary, to the extent required by applicable law, no Participant may

be granted the right to purchase Ordinary Shares under the Plan if and to the

extent that the Participant’s right to purchase stock under all employee stock

purchase plans (within the meaning of Section 423 of the Code) of the Company

or a Subsidiary would accrue at a rate which exceeds US$25,000 in Fair Market

Value (determined at the time of grant) in accordance with the Code for each

calendar year in which such right is outstanding.

 

6.               Payroll Deduction.  At the time a Participant enrolls in the Plan, he or she must

elect the amount to be deducted from each paycheck during the Offering

Period(s) covered by the election, provided that (i) unless otherwise

determined by the Committee with respect to future Offering Periods, no more

than ten percent (10%) of a Participant’s Compensation may be withheld under

the Plan on any pay date, and (ii) the Committee, acting in its discretion and

in a uniform and nondiscriminatory manner, may establish a minimum required

amount or percentage of Compensation which must be withheld during an Offering

Period.  All payroll deductions made 

 

 

A-2

 

for a Participant shall be

credited to the Participant’s Account. 

Interest shall not accrue on any amounts credited to a Participant’s

Account.  The rate of a Participant’s

contribution, once established, shall remain in effect for all subsequent

Offering Periods unless changed by the Participant in writing at such time and

in such manner as the Committee may prescribe.

 

7.               Purchase of Shares.  On each Exercise Date, the amount credited to a Participant’s

Account shall be used to purchase a whole number of Ordinary Shares, the number

of which will be determined by dividing the amount credited to the Participant’s

Account by the Purchase Price per share. 

Any amount remaining in the Participant’s Account shall be credited to

the Participant’s Account as of the beginning of the next Offering Period. If

the total number of Ordinary Shares to be purchased as of an Exercise Date,

when aggregated with the Ordinary Shares previously-purchased under the Plan,

exceeds the number of shares then authorized for issuance under the Plan, a

pro-rata allocation of the available shares shall be made among the Participants

based upon the amounts in their respective Accounts as of the Exercise Date.

 

8.               Discontinuance or Withdrawal;

Withholding Changes.

(a)          Discontinuance or Withdrawal.  At any time during an Offering Period, a

Participant may notify the Company that he or she wishes to discontinue

contributions under the Plan.  This

notice shall be in writing and shall become effective as soon as practicable

following its receipt by the Company.  A

Participant may elect to withdraw all, but not less than all, of the amount of

his or her Account at any time during an Offering Period, except on the

Exercise Date with respect to that Offering Period.  If a withdrawal is made during an Offering Period, no further

contributions shall be permitted during that Offering Period by the withdrawing

Participant.

(b)         Withholding Changes.  At any time during an Offering Period, a

Participant may increase or decrease the rate of his or her payroll deductions

by completing or filing with the Company a new enrollment form authorizing a

change in payroll deduction rate.  The

Committee may, in its discretion, limit the number of payroll deduction rate

changes during any Offering Period.  The

change in rate shall be effective as soon as practicable following the

Company’s receipt of the new enrollment form.

(c)          Termination of Employment.  Any Participant whose employment with the

Company and its Subsidiaries is terminated for any reason before an Exercise

Date shall thereupon cease being a Participant.  The total amount credited to the Participant’s Account during the

Offering Period shall be returned to the Participant or, in the case of a

deceased Participant, to the Participant’s beneficiary, as soon as practicable

after the Participant’s termination of employment.

 

9.               Rights as a Shareholder.  No Ordinary Shares shall be issued under the Plan until full

payment therefor has been made.  A

Participant shall have no rights as a shareholder with respect to any shares until

the date a stock certificate (or its equivalent) for such shares is issued to

him or her.  Except as otherwise

specifically provided herein, no adjustments shall be made for dividends or

distributions of other rights for which the record date is prior to the date

such stock certificate (or its equivalent) is issued.

 

10.         Capital Changes; Reorganization;

Sale.

(a)          Adjustments Upon Changes in Capitalization.  The maximum number and class of

Ordinary Shares which may be issued under the Plan and purchased by a

Participant, as well as the number and class of Ordinary Shares and the price

per share covered by each right outstanding under the Plan which has not yet

been exercised, shall be adjusted proportionately or as otherwise appropriate

to reflect any increase or decrease in the number of issued Ordinary Shares

resulting from a split-up or consolidation of shares or any like capital

adjustment, or the payment of a stock dividend, and/or to reflect a change in

the character or class of shares covered by the Plan arising from a

readjustment or recapitalization.

(b)         Cash, Stock or Other Property for Stock.  Except as otherwise provided in

this Section, in the event of an Exchange Transaction (as defined below), each

Participant shall be permitted to purchase Ordinary Shares with the balance of

his or her Account immediately prior to such Exchange Transaction, and any

amount credited to a Participant’s Account which is not used to purchase

Ordinary Shares before the Exchange Transaction shall be distributed to the

Participant.  Notwithstanding the preceding

sentence, (i) if, as part of the Exchange Transaction, the shareholders of the

Company receive capital stock of another corporation (“Exchange Stock”) in

exchange for their Ordinary Shares (whether or not such Exchange Stock is the

sole consideration), and if the Board, in its sole discretion, so directs, then

the rights of all Participants to 

 

 

A-3

 

purchase Ordinary Shares shall be converted into

rights to purchase shares of Exchange Stock on an economically equivalent

basis; and (ii) the Board, acting in its discretion, may suspend operation of

the Plan as of any date that occurs after a contract is made which, if

consummated, would result in an Exchange Transaction and before the Exchange

Transaction is consummated.

(c)          Definition of Exchange Transaction.  For purposes hereof, the term

“Exchange Transaction” shall mean a merger (other than a merger of the Company

in which the holders of Ordinary Shares immediately prior to the merger have

the same proportionate ownership of Ordinary Shares in the surviving

corporation immediately after the merger), consolidation, acquisition of

property or stock, separation, reorganization (other than a mere

reincorporation or the creation of a holding company), liquidation of the

Company or any other similar transaction or event so designated by the Board in

its sole discretion, as a result of which the shareholders of the Company

receive cash, stock or other property in exchange for or in connection with

their Ordinary Shares.

(d)         Determination of Board to be Final.  All adjustments under this

Section 10 shall be made by the Board, and its determination as to what

adjustments shall be made, and the extent thereof, shall be final, binding and

conclusive.

 

11.         Amendment and Termination.  The Board may amend or terminate the Plan at any time; provided,

however, that, except as otherwise provided in Section 10 hereof, any amendment

which increases the aggregate number of Ordinary Shares which may be issued

under the Plan, modifies the corporations or class of corporations whose

employees are offered options under the Plan or otherwise requires shareholder

approval under applicable law shall be subject to the approval of the Company’s

shareholders.

 

12.         Transferability.  The rights of a Participant to purchase Ordinary Shares under the

Plan are not assignable or transferable and may only be exercised during the

Participant’s lifetime by the Participant. 

A Participant may file a written designation of a beneficiary who is to

receive the amount credited to the Participant’s Account in the event of the

Participant’s death during an Offering Period. 

A Participant’s beneficiary designation may be changed by the

Participant at any time by written notice. 

In the event of the death of a Participant and in the absence of a

validly designated beneficiary who is living at the time of the Participant’s

death, the Participant’s estate shall be deemed to be his or her designated

beneficiary.

 

13.         No Rights Conferred.  Nothing contained in the Plan shall be deemed to give any individual

any right to be retained in the employ of the Company and its Subsidiaries or

to interfere with the right of the Company and its Subsidiaries to discharge

him or her at any time.

 

14.         Use of Funds.  All payroll deductions received or held by the Company under the

Plan may be used by the Company for any corporate purpose, and the Company

shall not be obligated to segregate such payroll deductions.

 

15.         Legal Requirements.  The Committee may impose such other conditions with respect to

the purchase of Ordinary Shares hereunder, including, without limitation, any

conditions relating to the application of federal or state securities laws

and/or any exchange or listing requirements as it may deem necessary or

advisable.

 

16.         Governing Law.  The Plan shall be governed by, and interpreted in accordance

with, the laws of the State of Israel; provided, however, that in the case of

any conflict between the laws of the State of Israel and applicable federal

laws of the United States of America, the federal laws of the United States of

America shall govern to the extent necessary to ensure favorable tax treatment

under Section 423 of the Code.

 

17.         Decisions and Determinations.  Any decision or determination made by the Board pursuant to the

provisions hereof and, except to the extent rights or powers under the Plan are

reserved specifically to the discretion of the Board, all decisions and

determinations of the Committee are final, binding and conclusive.

 

18.         Effective Date.  The Plan shall become effective as of the date of its adoption by

the Board, subject to approval by the Company’s shareholders within twelve (12)

months thereafter.

 

 

A-4EXHIBIT

10.37.1

FOURTH AMENDMENT AND RENEWAL OF NET LEASE AGREEMENT

 

This Fourth

Amendment and Renewal to Net Lease Agreement (this “Amendment”) is made as of

October 17, 2002 by and between Willows Redmond, L.L.C., a Washington

limited liability company (“Landlord”) and Apex Inc. dba Avocent-Redmond, a

Washington corporation, formerly known as Apex PC Solutions, Inc.

(“Tenant”).  Tenant and Opus Northwest,

L.L.C. entered into that certain Net Lease Agreement dated February

24, 1998 as amended by that certain First Amendment to Net Lease Agreement

dated October 12, 1998 and that certain Second Amendment to Net Lease

Agreement dated February 26, 1999 and that certain Third Amendment to Net

Lease Agreement dated March 23, 1999 (collectively, the “Original

Lease”) demising Building D in Willows Commerce Park Phase III in the City

of Redmond, County of King, State of Washington.  Landlord is the current owner of the demised premises and

successor in interest to Opus Northwest, L.L.C.  Capitalized terms not defined herein shall have the meaning given

them in the Original Lease.

 

Landlord and

Tenant agree as follows:

 

1.             Reduction in Demised Premises.  The first sentence of the GRANT in the

Original Lease is deleted and the following two sentences are substituted:

 

Landlord, in

consideration of the rents to be paid and the covenants to be observed and

performed by Tenant, hereby leases to Tenant, and Tenant hereby leases from

Landlord, each upon and subject to the terms and conditions set forth herein,

the space in Building D (the “Building”) shown and designated on the Site

Plan attached as Exhibit A (the “Site Plan”) and containing

approximately 81,961 square feet of rentable floor area consisting of

approximately 29,801 square feet of office space (including approximately

15,511 square feet in the mezzanine), and 52,160 square feet of warehouse space

approximately as shown in the Floor Plan attached as Exhibit A-1

(the “Premises,” sometimes referred to herein as the “Initial Premises”).  “Premises” also includes approximately 7,087

square feet of additional space on the mezzanine and approximately 1,200 square

feet of additional office space on the main floor that Tenant plans to build

out (or such other configuration as shall be approved by Landlord under Section

8.3 of the Original Lease) (the “Engineering Build-Out”) as shown in Exhibit A-1,

all of which space shall not be included in rentable floor area for purposes of

calculating Tenant’s Share.

 

2.             Lease Renewal.  Notwithstanding Sections 1.1 and 1.2 of

the Original Lease, Landlord and Tenant agree that the Initial Term is hereby

extended to March 31, 2009.  This

Amendment shall be deemed effective from and after October 1, 2002, and

the period from October 1, 2002, through March 31, 2009 is sometimes referred

to herein as the “Extended Initial Term”).

 

3.             Option to Renew.  Section 1.2 of the Original Lease is

deleted and the following language is substituted:

 

 

1.2           Option to Renew.  Tenant shall have the right, subject to all provisions of this

Section 1.2, to extend the Initial Term for one period of 3 years

(“Renewal Term”), provided that: 

(a) this Lease is in full force and effect; (b) Tenant is not

in default under this Lease, subject to any notice required and any applicable

grace or cure period, at the time of exercise of the right of renewal or at the

time set for commencement of the Renewal Term and has not been in default,

beyond the expiration of any cure periods, more than 3 times during the 3 years

before exercise of the right to renew; (c) Tenant exercises its right to

the Renewal Term by giving Landlord written notice of its election at least 180

days before the first day of the Renewal Term; and (d) the Renewal Term

shall be upon the same terms, covenants and conditions as provided in this Lease,

except that monthly Fixed Rent shall be the Fixed Rent for the Renewal Term as

set forth in Section 3.1.1.

 

4.             Construction of Improvements.  Tenant agrees that all of Landlord’s

obligations under Section 2 of the Original Lease have been fully

performed by Landlord, that Tenant has accepted the Premises and all work

required to be performed by Landlord and all prior landlords under the Original

Lease, and that Landlord shall have no further obligations or liability under

Section 2.  Accordingly, Section 2 of

the Original Lease is hereby deleted.

 

5.             Fixed Rent.  Section 3.1 of the Original Lease is amended

by deleting the rent specified for the Initial Term and the Renewal Terms and

substituting the following:

 

	

  Extended Initial

  Term:

  	

   

  	

  Fixed Monthly Rental Rate

  	

   

  	

  Monthly

  Fixed Rent

  	

   

  	

  Renewal

  Term:

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Months 1 – 12

  (Oct

  ’02 – Sept ’03)

  	

   

  	

  $

  	

  0.87/SF/Mo., Net of Expenses

  	

   

  	

  $

  	

  71,306

  	

   

  	

  See Section 3.1.1

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Months 13 – 24

  (Oct

  ’03 – Sept ’04)

  	

   

  	

  $

  	

  0.83/SF/Mo.,

  Net of Expenses

  	

   

  	

  $

  	

  68,028

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Months 25 – 36

  (Oct

  ’04 – Sept ’05)

  	

   

  	

  $

  	

  0.80/SF/Mo.,

  Net of Expenses

  	

   

  	

  $

  	

  65,569

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Months 37 – 48

  (Oct

  ’05 – Sept ’06)

  	

   

  	

  $

  	

  0.76/SF/Mo., Net of

  Expenses

  	

   

  	

  $

  	

  62,290

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Months 49 – 60

  (Oct

  ’06 – Sept ’07)

  	

   

  	

  $

  	

  0.73/SF/Mo.,

  Net of Expenses

  	

   

  	

  $

  	

  59,832

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  	

   

  
	

  Months 61 – 78

  (Oct

  ’07 – Mar ’09)

  	

   

  	

  $

  	

  0.68/SF/Mo.,

  Net of Expenses

  	

   

  	

  $

  	

  55,733

  	

   

  	

   

  	

   

  

 

2

 

6.             Renewal Term Fixed Rent.  The first sentence of subsection 3.1.1

of the Original Lease is deleted and the following language is substituted:

 

3.1.1  Renewal

Term Fixed Rent.  The

monthly Fixed Rent during the Renewal Term shall be 95% of the market rate for

a 3 year term for comparable space leased on comparable terms in the Redmond,

Washington area (“Market Rent”).

 

7.             Tenant’s Share.  In the first line of the definition of

“Tenant’s Share” in Section 5.1, the words “one hundred percent (100%)”

are deleted and the following words are substituted: “seventy percent (70%).”

 

8.             Parking.  The 240 parking stalls referred to in

Section 5.5 of the Original Lease is changed to 185 spaces.

 

9.             Tenant Improvements.  Other than Landlord’s continuing obligations

under the Original Lease, Landlord shall have no obligation to make any

alterations or improvements to the Building as consideration for this

Amendment.  Any alterations or

improvements desired by Tenant shall be made by Tenant pursuant to

Section 8.3 of the Original Lease; provided, however, Landlord

hereby agrees under Section 8.3 of the Original Lease that it will not require

Tenant to remove the Engineering Build-Out under Section 18.15 of the Original

Lease.

 

10.           Leasing Commissions.  In connection with this Amendment, Tenant

has retained The Broderick Group (“Tenant’s Broker”), as broker.  Tenant shall defend and indemnify Landlord

against any and all claims of brokers, finders or any other third party

claiming any right to commission or compensation by or through acts of Tenant

in connection with this Amendment, including Tenant’s Broker.

 

11.           Lease Participation.  On execution hereof, Landlord shall commence

marketing the approximately 34,680 square feet at the South end of

Building D, identified in Exhibit A-1 as the “Lease Participation

Area.”.  If Landlord enters into a lease

with a new tenant for that space, and base rent under such lease commences

prior to April 1, 2004, then Tenant shall be entitled to receive

fifty percent (50%) of the base rent revenue under such lease, after Landlord

first recovers all leasing expenses incurred by Landlord in connection with

such new lease, including but not limited to rent abatement, building operating

expenses and property taxes incurred by Landlord in connection with such space

while vacant, broker commissions, tenant improvement expenses and allowances,

and other rent concessions.  The total

amount to which Tenant is entitled under this Section 11 shall be,

at Landlord’s election (i) paid to Tenant or (ii) credited against

Tenant’s payments of Fixed Rent under the Original Lease as herein amended in

equal monthly installments, without interest, over a period of sixty (60)

months commencing thirty (30) business days after Landlord’s receipt of monthly

fixed rent.

 

3

 

12.           No Other Changes.  Except as modified herein, the Original

Lease is unmodified and in full force and effect.

 

13.           Counterparts.  This Amendment may be executed and delivered

in counterparts, each of which shall be deemed as an original and all of which

shall constitute one and the same amendment.

 

Executed in

duplicate original as of the day and year first above written.

 

	

   

  	

  LANDLORD:

  	

  WILLOWS REDMOND,

  L.L.C., a Washington

  limited liability company

  
	

   

  	

   

  
	

   

  	

  By MIG Corporation, a

  Washington corporation,

  
	

   

  	

  Its Manager

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

  /s/ Joseph D. Weinstein

  
	

   

  	

   

  	

   

  	

  Joseph D. Weinstein

  
	

   

  	

   

  	

  Its

  	

  Assistant Secretary

  
	

   

  	

   

  	

   

  	

   

  	 

	

   

  	

   

  	

   

  	

   

  	 

	

   

  	

   

  	

   

  	

   

  
	

   

  	

  TENANT:

  	

  APEX INC., a Washington

  corporation

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

  By:

  	

  /s/ Samuel F. Saracino

  
	

   

  	

   

  	

   

  	

  Samuel F. Saracino

  
	

   

  	

   

  	

  Its

  	

  Vice President and Secretary

  
							

 

 

	

  STATE OF

  WASHINGTON

  	

  )

  	

   

  
	

   

  	

  )

  	

  ss.

  
	

  COUNTY OF KING

  	

  )

  	

   

  

 

On

this 28th

day of October, 2002, before me, a Notary Public in and for the State of

Washington, personally appeared Joseph D. Weinstein, personally known to me (or

proved to me on the basis of satisfactory evidence) to be the person who signed

the instrument; on oath stated that he was authorized to execute this

instrument as the Assistant Secretary of MIG Corporation, the corporation that

executed the instrument; acknowledged the said instrument to be the free and

voluntary act and deed of said corporation for the uses and purposes therein

mentioned; and on oath stated that he was duly elected, qualified, and acting

as said officer of the corporation; that said corporation is the manager of

Willows Redmond, L.L.C., a Washington limited liability company; that said

corporation was authorized to execute the said instrument on behalf of said

company; and that said instrument was the free and voluntary act and deed of

said company for the uses and purposes therein mentioned.

 

4

 

IN

WITNESS WHEREOF, I have hereunto set my hand and official seal the day and year

first above written.

 

 

	

   

  	

  /s/ David W. Thorne

  
	

   

  	

  NOTARY PUBLIC in and for the State of

  
	

   

  	

  Washington, residing at

  	

  Bainbridge Island

  
	

   

  	

  My appointment expires

  	

  8/27/03

  
	

   

  	

  Print Name

  	

  David W. Thorne

  
				

 

 

	

  STATE OF

  WASHINGTON

  	

  )

  	

   

  
	

   

  	

  )

  	

  ss.

  
	

  COUNTY OF KING

  	

  )

  	

   

  

 

On

this 17th

day of October, 2002, before me, a Notary Public in and for the State of

Washington, personally appeared Samuel F. Saracino personally known to me (or

proved to me on the basis of satisfactory evidence) to be the person who

executed this instrument, on oath stated that he/she was authorized to execute

the instrument, and acknowledged it as the Vice President and Secretary of Apex

Inc. to be the free and voluntary act and deed of said corporation for the uses

and purposes mentioned in the instrument.

 

IN

WITNESS WHEREOF, I have hereunto set my hand and official seal the day and year

first above written.

 

	

   

  	

  /s/ Mark D.

  Hatlen

  
	

   

  	

  NOTARY PUBLIC in

  and for the State of

  
	

   

  	

  Washington,

  residing at

  	

  Woodinville, WA

  
	

   

  	

  My appointment

  expires

  	

  4/29/06

  
	

   

  	

  Print Name

  	

  Mark D. Hatlen

  
				

 

5

 

EXHIBIT A

SITE PLAN

 

 

EXHIBIT A-1

FLOOR PLAN

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