Document:

exv10w17

 

Exhibit 10.17

PROMISSORY NOTE SECURED BY DEED OF TRUST

(Facility 2 — Equipment Loan)

					
	 	 	 	 	 
	$1,500,000.00
	 	October 18, 2005
	 	Phoenix, Arizona

1. Borrower’s Promise To Pay.

     FOR VALUE RECEIVED, GO DADDY SOFTWARE, INC., an Arizona corporation (the “Borrower”),
promises to pay to the order of U.S. BANK NATIONAL ASSOCIATION, a national banking association
(the “Bank”), at 101 N. First Avenue, Suite 1600, Phoenix, Arizona 85003, Attention: Commercial
Banking, or at such other place as the holder of this Note may from time to time designate, the
principal sum of One Million Five Hundred and No/100 Dollars ($1,500,000.00) (“Maximum Loan
Amount”), or such lesser amount as may be advanced and outstanding under this promissory note
(the “Note”), plus interest as specified in this Note. Bank shall not be required to make any
advance if that would cause the outstanding principal of this Note to exceed the Maximum Loan
Amount. This Note evidences a acquisition loan (the “Loan”) made by Bank to Borrower pursuant to
the terms of a loan agreement (the “Loan Agreement”) between Bank and Borrower of even date
herewith.

     This Note is secured by a Deed of Trust with Assignment of Rents, Security Agreement, and
Fixture Filing (the “Deed of Trust”) covering certain real and personal property, as therein
described (the “Property”). It is also be secured by other collateral. This Note, the Deed of
Trust, and the Loan Agreement, together with all of their exhibits, and all other documents which
evidence, guaranty, secure, or otherwise pertain to the Loan collectively constitute the “Loan
Documents.” Some or all of the Loan Documents, including the Loan Agreement, contain provisions
for the acceleration of the maturity of this Note. This Note is subject to the terms and
conditions of the Loan Agreement. Capitalized terms used but not defined herein shall have the
meanings set forth in the Loan Agreement.

2. Maturity Date. All principal and all accrued and unpaid interest and other sums due
hereunder shall be due and payable on October 18, 2010 (the “Maturity Date”).

3. Interest Rate and Payment Terms.

     3.1 Interest Rate. The unpaid principal balance will bear interest through
July 31, 2006 at an annual rate equal to zero percent (0%) plus the prime rate announced by Bank.
The interest rate hereunder will be adjusted each time that the prime rate changes. Beginning on
August 1, 2006, Interest on each advance hereunder shall accrue at an annual rate equal to two
and one-tenth of one percent (2.10%) plus the one-month LIBOR rate quoted by Bank from Telerate
Page 3750 or any successor thereto, which shall be that one-month LIBOR rate in effect two New
York Banking Days prior to the beginning of each calendar month, adjusted for any reserve
requirement and any subsequent costs arising from a change in government regulation, such rate to
be reset at the beginning of each succeeding month. The term “New York Banking Day” means any day
(other than a Saturday or Sunday) on which commercial banks are open for business in New York,
New York. If the initial advance under this Note occurs other than on the first day of the month,
the initial one-month LIBOR rate shall be that one-month LIBOR rate in effect two New York
Banking Days prior to the date of the initial advance, which rate plus the percentage described
above shall be in effect for the remaining days of the month of the initial advance; such
one-month LIBOR rate to be reset at the beginning of each succeeding
month. Bank’s internal
records of applicable interest rates shall be determinative in the absence of manifest error.

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     3.2 Separate Principal Plus Interest Payments.

          (a) Interest Payments. Interest is payable beginning December 1, 2005, and on the same
date of each CONSECUTIVE month thereafter (except that if a given month does not have such a date,
the last day of such month), plus a final interest payment with the final payment of principal.

          (b) Principal Payments. Principal is payable in fifty-one (51) monthly installments,
each in the amount of Seventeen Thousand Nine Hundred and No/100 Dollars ($17,900.00), beginning
August 1, 2006, and on the same date of each CONSECUTIVE month thereafter (except that if a given
month does not have such a date, the last day of such month), plus a final payment equal to all
unpaid principal on October 18, 2010, the Maturity Date.

     3.3 Principal Prepayments. Borrower may prepay some or all of the principal under this
Note, from time to time, without payment of any prepayment premium or fee.

4. General Interest Rate and Payment Terms.

     4.1 Note Rate. The interest rate in effect from time to time under this note is herein
referred to as the “Note Rate.”

     4.2 Effective Contracted Rate. Borrower agrees to pay an effective contracted for rate
of interest equal to the rate of interest resulting from all interest payable as provided in this
Note plus the additional rate of interest resulting from (a) any loan fee(s) or other
similar fees described or defined in the Loan Documents, and (b) all Other Sums. For purposes
hereof, the “Other Sums” shall mean all fees, charges, goods, things in action, or any other sums
or things of value (other than interest payable as provided in this Note and any loan fee) paid or
payable by Borrower, whether pursuant to this Note, any of the other Loan Documents, or any other
document or instrument in any way pertaining to this lending transaction, that may be deemed to be
interest for the purpose of any law of the State of Arizona, or any other applicable law, that may
limit the maximum amount of interest to be charged with respect to this lending transaction. The
Other Sums shall be deemed to be interest and part of the “contracted for rate of interest” for the
purposes of any such law only.

     4.3 Usury Savings Clause. It is expressly stipulated and agreed to be the intent of
Borrower and Bank at all times to comply with applicable state law or applicable United States
federal law (to the extent that it permits Bank to contract for, charge, take, reserve, or receive
greater amount of interest than under state law) and that this Section shall control every other
covenant and agreement in this Note and the other Loan Documents. If applicable state or federal
law should at any time be judicially interpreted so as to render usurious any amount charged,
taken, reserved, or received with respect to the Loan, or if Bank’s exercise of the option to
accelerate the Maturity Date, or if any prepayment by Borrower, results in Borrower having paid any
interest in excess of that permitted by applicable law, then it is Bank’s express intent that all
such excess amounts theretofore collected by Bank shall be credited to the principal balance of
this Note and all other indebtedness, and that the provisions of this Note and the other Loan
Documents shall immediately be deemed reformed and the amounts thereafter collectible hereunder and
thereunder reduced, without the necessity of the execution of any new documents, so as to comply
with the applicable law, but so as to permit the recovery of the fullest amount otherwise called
for hereunder or thereunder. All sums paid or agreed to be paid to Bank for the use, forbearance,
or detention of the Loan shall, to the extent not prohibited by applicable law, be amortized,
prorated, allocated, and spread throughout the full stated term of the Loan until payment in full
so that the rate or amount of interest on account of the Loan does not exceed the maximum lawful
rate from time to time in effect and applicable to the Loan for so
long as the Loan is outstanding.

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     4.4 Calculation of Interest. Interest will be computed for the actual days elapsed on
the basis of a three hundred sixty (360) day year, which results in more interest than if a three
hundred sixty-five (365) day year method were used.

     4.5 Payments. Except as otherwise provided herein, all amounts payable under this Note
are payable in lawful money of the United States during normal business hours on a Banking Day.
Checks and drafts constitute payment only when collected. All payments made under this Note shall
be made without offset, demand, counter-claim, deduction or recoupment (each of which is hereby
waived), and acceptance by Bank of any payment in an amount less than the amount then due shall be
deemed an acceptance on account only, notwithstanding any notation on or accompanying such partial
payment to the contrary, and shall not constitute a waiver by Bank of any Event of Default. Except
as otherwise set forth herein or in any other Loan Document, payments shall be applied in such
order and manner as Bank may determine in its sole and absolute discretion.

5. Late Payments; Default Rate

     5.1 Late Charge for Overdue Payments. If Bank has not received the full amount of any
payment scheduled to be made under this Note, other than the final principal payment, by the end of
ten (10) calendar days after the date it is due, Borrower shall pay a late charge to Bank in the
amount of five percent (5%) of the overdue payment; provided, however, in no event shall
any late charge be payable hereunder without Bank first having provided Borrower with any notice
required by applicable law. Borrower shall pay this late charge only once on any late payment. This
late charge shall not be construed as in any way extending the due date of any payment, and is in
addition to, and not in lieu of, any other remedy Bank may have.

     5.2 Default Rate. Upon the occurrence of any Event of Default (subject to any
applicable notice and cure periods), the unpaid balance of the Loan shall bear interest at the rate
which is three percent (3%) above the then applicable Note Rate as it may thereafter change pursuant
to the terms of this Note (the “Default Rate”). Additionally, from and after the Maturity Date, or
such earlier date as all sums owing on this Note become due and payable by acceleration or
otherwise, the Loan shall bear interest at the Default Rate. Accrued interest, at the Note Rate, if
not paid when due, shall accrue interest at the Default Rate, as hereinabove provided, which may
result in compounding of interest. Except as otherwise set forth herein or in any other Loan
Document, payments under this Note or under any other Loan Document that are due on demand, shall
bear interest at the Default Rate (i) from the date costs or expenses are incurred by Bank that
give rise to the demand or (ii) if there is no such date, then from the date of demand, until
Borrower pays the full amount of such payment, including interest.

6. Events of Default. If any of the following “Events of Default” occur, any obligation of
the holder to make advances under this Note terminates and, at the holder’s option, exercisable in
its sole and absolute discretion, all sums of principal and interest under this note immediately
become due and payable without notice of default, presentment, demand for payment, protest, or
notice of nonpayment or dishonor, or other notices or demands of any kind or character:

     6.1 Borrower fails to perform any obligation under this Note to pay principal or interest and
does not cure that failure within ten (10) days after the date when due; or

     6.2 Borrower fails to perform any other obligation under this Note to pay money, and does not
cure that failure within ten (10) days after written notice from Bank; or

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     6.3 Under any of the Loan Documents, a default or Event of Default (as defined in
the applicable document subject to applicable notice and cure periods) occurs, except as
provided in Section 7 below.

7. Insolvency. It is an “Event of Default” under this Note if Borrower becomes the subject
of any bankruptcy or other voluntary or involuntary proceeding, in or out of court, for the
adjustment of debtor-creditor relationships (“Insolvency
Proceeding”), and as to any involuntary
Insolvency Proceeding, it either: (i) is consented to or (ii) has not been dismissed within ninety
(90) days. Upon such an Event of Default, all sums of principal and interest under this Note
automatically become immediately due and payable without notice of default, presentment or demand
for payment, protest or notice of nonpayment or dishonor, or other notices or demands of any kind
or character. If Borrower becomes the subject of any Insolvency Proceeding, any obligation of the
holder to make advances under this Note shall automatically terminate, and in the case of an
involuntary Insolvency Proceeding which is dismissed within ninety (90) days, the holder’s
obligation to make advances under this Note shall resume upon the dismissal thereof.

8.
Waiver of Jury Trial. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW, BORROWER WAIVES
TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO WHICH BORROWER AND BANK MAY BE PARTIES, ARISING OUT OF,
IN CONNECTION WITH OR IN ANY WAY PERTAINING TO, THIS NOTE, THE LOAN AGREEMENT, THE DEED OF TRUST, OR
ANY OF THE OTHER LOAN DOCUMENTS. IT IS AGREED AND UNDERSTOOD THAT
THIS WAIVER CONSTITUTES A WAIVER OF
TRIAL BY JURY OF ALL CLAIMS AGAINST ALL PARTIES TO SUCH ACTION OR PROCEEDINGS, INCLUDING CLAIMS
AGAINST PARTIES WHO ARE NOT PARTIES TO THIS NOTE. THIS WAIVER IS KNOWINGLY, WILLINGLY AND
VOLUNTARILY MADE BY BORROWER, AND BORROWER HEREBY REPRESENTS THAT NO
REPRESENTATIONS OF FACT OR
OPINION HAVE BEEN MADE BY ANY INDIVIDUAL TO INDUCE THIS WAIVER OF
TRIAL BY JURY OR TO IN ANY WAY
MODIFY OR NULLIFY ITS EFFECT. BORROWER FURTHER REPRESENTS AND WARRANTS THAT IT HAS BEEN REPRESENTED
IN THE SIGNING OF THIS NOTE AND IN THE MAKING OF THIS WAIVER BY INDEPENDENT LEGAL COUNSEL, OR HAS
HAD THE OPPORTUNITY TO BE REPRESENTED BY INDEPENDENT LEGAL COUNSEL
SELECTED OF ITS OWN FREE WILL, AND
THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS THIS WAIVER WITH COUNSEL.

9. Miscellaneous.

     9.1 Waivers. Borrower hereby waives presentment, demand, notice of dishonor, notice of
default or delinquency, notice of acceleration, notice of nonpayment, notice of costs, expenses, or
losses and interest thereon; and notice of interest on interest and late charges.

     9.2 Delay In Enforcement. If Bank delays in exercising or fails to exercise any of its
rights under this Note, that delay or failure does not constitute a waiver of any of Bank’s rights,
or of any breach, default or failure of condition of or under this Note. No waiver by Bank of any
of its rights, or of any breach, default or failure of condition is effective, unless the waiver is
expressly stated in writing by Bank.

     9.3
Joint and Several Liability. If more than one person or entity is signing this
Note as Borrower, their obligations under this Note shall be joint and several. As to any Borrower
that is a partnership, the obligations of Borrower under this Note are the joint and several
obligations of each general partner thereof.

     9.4 Successors, and Assigns; Participations. This Note inures to and binds the legal
representatives, successors and assigns of Borrower and Bank;
provided, however, Borrower
may not

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assign this Note or any Loan funds, or assign or delegate any of its rights or obligations, without
the prior written consent of Bank in each instance, which consent is at the sole and absolute
discretion of Bank. Bank, in its sole and absolute discretion, may transfer this Note, and may sell
or assign participations or other interests in all or part of the Loan, on the terms and subject to
the conditions of the Loan Documents, all without notice to or the consent of Borrower. Without
notice to or the consent of Borrower, Bank may disclose to any actual or prospective purchaser of
any securities issued or to be issued by Bank or its affiliates in connection with Loans, and to
any actual or prospective purchaser or assignee of any participation or other interest in this
Note, the Loan, or any other loans made by Bank to Borrower (whether evidenced by this Note or
otherwise), any financial or other information, data or material in Bank’s possession relating to
Borrower, the Loan, or the Property, including any improvements thereon. If Bank so requests and at
no cost or expense to Borrower, Borrower shall sign and deliver a new note, in the form and
substance of this Note, to be issued in exchange for this Note; provided, such new note
shall in no way effect or change Borrower’s obligations under this Note.

     9.5 Cumulative Remedies. All of Bank’s remedies in connection with this Note or
under applicable law are cumulative, and Bank’s exercise of any one or more of those remedies shall
not constitute an election of remedies.

     9.6 Governing Law. This Note shall be governed by, and construed in accordance with,
the laws of the State of Arizona, without regard to the choice of law rules of that State, except
to the extent that any of such laws may now or hereafter be preempted by Federal law. Borrower
consents to the jurisdiction of any Federal or State court within the State of Arizona, submits to
venue in such state, and also consents to service of process by any means authorized by Federal law
or the law of such state. Without limiting the generality of the foregoing, Borrower hereby waives
and agrees not to assert by way of motion, defense, or otherwise in such suit, action, or
proceeding, any claim that (i) Borrower is not subject to the jurisdiction of the courts of the
above-referenced state or the United States District Court for such
state, or (ii) such suit,
action, or proceeding is brought in an inconvenient forum, or (iii) the venue of such suit, action,
or proceeding is improper.

     9.7 Attorney’s Fees and Costs. In any lawsuit or arbitration arising out of or
relating to this Note, the Loan Documents or the Loan, the prevailing party will be entitled to
recover from each other party such sums as the court, referee, or arbitrator adjudges to be
reasonable attorneys’ fees in the action or arbitration, in addition to costs and expenses
otherwise allowed by law. In all other actions or proceedings, including any matter arising out of
or relating to any Insolvency Proceeding, Borrower agrees to pay all of Bank’s costs and expenses,
including reasonable attorneys’ fees, incurred in enforcing or protecting Bank’s rights or
interests. From the time(s) incurred until paid in full to Bank, all such sums shall bear interest
at the default Rate.

     9.8 Holder’s Rights. Borrower agrees that the holder of this Note may accept
additional or substitute security for this Note, or release any security or any party liable for
this Note, or extend or renew this Note, all without notice to Borrower and without affecting the
liability of Borrower.

     9.9 Interpretation. As used in this Note, the terms “Bank,” “holder” and “holder of
this Note” are interchangeable. As used in this Note, the word “include (s)” means “include(s),
without limitation,” and the word “including” means “including, but not limited to.”

     9.10 Time of the Essence. Time is of the essence with regard to all payment
obligations under this Note.

     9.11 Amendments. This Note may not be modified or amended except by a written
agreement signed by the parties.

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     9.12 Counterparts. This Note may be executed in counterparts, and
all counterparts constitute but one and the same document.

IN WITNESS WHEREOF, Borrower has duly executed and delivered this Note to Bank as of the date
first above written.

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	BORROWER:	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	GO DADDY SOFTWARE INC., an Arizona corporation	 	 	 	Address for notices to Borrower:	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	c/o The Go Daddy Group, Inc.	 	 
	 

	 	 	 	 	 	14455 North Hayden Road, Suite 219	 	 
	By:

	 	/s/ Robert R. Parsons
	 	 	 	Scottsdale, AZ 85260	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	Robert R. Parsons, its President
	 	 	 	Attention: General Counsel	 	 
	 
	 	 	 	 	 	 	 	 
	Tax I.D.: 86-0850417	 	 	 	 	 	 

6exv10w18

 

Exhibit 10.18

OFFICE LEASE

For

2299 West Obispo Avenue 

Gilbert, Arizona 85233

J.L. BATES, LLC, 

AN ARIZONA LIMITED LIABILITY COMPANY

Landlord

and

GO DADDY SOFTWARE, INC., 

AN ARIZONA CORPORATION

Tenant

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	PAGE
	ARTICLE 1.

	 	BASIC LEASE INFORMATION
	 	 	3	 
	ARTICLE 2.

	 	AGREEMENT
	 	 	4	 
	ARTICLE 3.

	 	TERM, DELIVERY & ACCEPTANCE OF PREMISES
	 	 	4	 
	ARTICLE 4.

	 	MONTHLY RENT, RENTAL ADJUSTMENT & CONVERSION
	 	 	5	 
	ARTICLE 5.

	 	OPERATING EXPENSES
	 	 	5	 
	ARTICLE 6.

	 	INSURANCE
	 	 	7	 
	ARTICLE 7.

	 	USE
	 	 	8	 
	ARTICLE 8.

	 	REQUIREMENTS OF LAW; FIRE INSURANCE
	 	 	8	 
	ARTICLE 9.

	 	ASSIGNMENTS AND SUBLETTING
	 	 	8	 
	ARTICLE 10.

	 	RULES AND REGULATIONS
	 	 	11	 
	ARTICLE 11.

	 	COMMON AREAS
	 	 	11	 
	ARTICLE 12.

	 	LANDLORD’S SERVICES
	 	 	11	 
	ARTICLE 13.

	 	TENANT’S CARE OF THE PREMISES
	 	 	12	 
	ARTICLE 14.

	 	ELECTRICAL SERVICES
	 	 	12	 
	ARTICLE 15.

	 	ALTERATIONS
	 	 	12	 
	ARTICLE 16.

	 	MECHANICS’ LIEN
	 	 	13	 
	ARTICLE 17.

	 	END OF TERM
	 	 	13	 
	ARTICLE 18.

	 	EMINENT DOMAIN
	 	 	13	 
	ARTICLE 19.

	 	DAMAGE AND DESTRUCTION
	 	 	13	 
	ARTICLE 20.

	 	SUBORDINATION
	 	 	14	 
	ARTICLE 21.

	 	ENTRY BY LANDLORD
	 	 	14	 
	ARTICLE 22.

	 	INDEMNIFICATION, WAIVER AND RELEASE
	 	 	15	 
	ARTICLE 23.

	 	SECURITY DEPOSIT
	 	 	15	 
	ARTICLE 24.

	 	QUIET ENJOYMENT
	 	 	16	 
	ARTICLE 25.

	 	EFFECT OF SALE
	 	 	16	 
	ARTICLE 26.

	 	DEFAULT
	 	 	16	 
	ARTICLE 27.

	 	PARKING
	 	 	17	 
	ARTICLE 28.

	 	MISCELLANEOUS
	 	 	18	 

			
	 	 	 
	Landlord’s Initials
	 	Tenant’s Initials

 

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OFFICE LEASE

     THIS
OFFICE LEASE (the “Tease”) is entered into by Landlord and Tenant as described
in the following Basic Lease Information as of the Date which is set forth for reference
only in the following Basic Lease Information.

     Landlord and Tenant agree:

ARTICLE 1. BASIC LEASE INFORMATION

     THE FOLLOWING BASIC LEASE INFORMATION IS A PART OF THIS LEASE, BUT DOES NOT CONSTITUTE
THE ENTIRE LEASE. TENANT ACKNOWLEDGES THAT IT HAS READ ALL OF THE PROVISIONS CONTAINED IN
THE ENTIRE LEASE AND ALL EXHIBITS WHICH ARE A PART THEREOF AND AGREES THAT THIS LEASE
INCLUDING THE BASIC LEASE INFORMATION AND ALL EXHIBITS, REFLECTS THE ENTIRE UNDERSTANDING
AND REASONABLE EXPECTATIONS OF LANDLORD AND TENANT REGARDING THE PREMISES. TENANT ALSO
ACKNOWLEDGES THAT IT HAS HAD THE OPPORTUNITY TO REVIEW THIS LEASE PRIOR TO EXECUTION WITH
LEGAL COUNSEL AND SUCH OTHER ADVISORS AS TENANT DEEMS APPROPRIATE.

     In addition to the terms which are defined elsewhere in this Lease, the following
defined terms are used in this Lease:

	 	 	 	 	 	 	 	 
	 

	 	(a	)	 	Date:
	 	November 18, 2004
	 
	 	 	 	 	 	 	 
	 

	 	(b	)	 	Landlord:
	 	J.L. Bates, LLC, an Arizona limited liability company
	 
	 	 	 	 	 	 	 
	 

	 	(c	)	 	Tenant:
	 	Go Daddy Software, Inc., an Arizona corporation
	 
	 	 	 	 	 	 	 
	 

	 	(d	)	 	Building Address:
	 	2299 West Obispo Avenue 
Gilbert, Arizona 85233
	 
	 	 	 	 	 	 	 
	 

	 	(e	)	 	Premises:
	 	39,378 square feet on the second floor of the Building 
See also, First Addendum
	 
	 	 	 	 	 	 	 
	 

	 	(f	)	 	Parking Charge:
	 	          N/A
	 
	 	 	 	 	 	 	 
	 

	 	(g	)	 	Parking Spaces:
	 	          described further in the First Addendum
	 
	 	 	 	 	 	 	 
	 

	 	(h	)	 	Term:
	 	Fifty-one (51) months, beginning and expiring according to the First Addendum
	 
	 	 	 	 	 	 	 
	 

	 	(i	)	 	 	 	 
	 
	 	 	 	 	 	 	 
	 	 	(k	)	 	Monthly Base Rent: $1.03 per square feet for the first twelve (12) months, beginning on the Commencement Date. Rent shall increase thereafter at $0.03 per square foot per year. See Exhibit “B” and First Addendum.
	 
	 	 	 	 	 	 	 
	 	 	 	 	 	Note: Tenant will begin paying rent ninety (90) days after the Early Possession Date pursuant to the First Addendum. Landlord and Tenant will execute an Acknowledgment setting forth the Early Possession Date, Commencement Date and Expiration Date of the Lease. See First Addendum, Exhibit “A”.
	 
	 	 	 	 	 	 	 
	 	 	 	 	 	(i) The Monthly Rent is subject to adjustment pursuant to Exhibit “B” in the First Addendum
	 
	 	 	 	 	 	 	 
	 	 	(l	)	 	Additional Rent Charges: See First Addendum.
	 	 	(m	)	 	Additional Rent — Taxes: Any amounts which this Lease requires Tenant to pay in addition to Monthly Base Rent, including without limitation all state and local transaction privilege taxes imposed on Landlord or Tenant as a result of amounts payable hereunder. See First Addendum.
	 
	 	 	 	 	 	 	 
	 

	 	(n	)	 	Rentable Area of the Premises:
	 	39,378 Rentable Square Feet
	 
	 	 	 	 	 	 	 
	 

	 	(o	)	 	Rentable Area of the Office
Building:
	 	180,480 square feet
	 
	 	 	 	 	 	 	 
	 

	 	(p	)	 	Security Deposit:
	 	The last month’s base rent of $44,103.36, which includes the First Additional Space and Second Additional Space
as defined in the First Addendum, which shall be held by Landlord and may be applied by Landlord to
any Tenant default under the terms of this Lease.

			
	 	 	 
	Landlord’s Initials
	 	Tenant’s Initials

 

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	 	(q)	 	Brokers:	 	Marc Tuite, Grubb & Ellis/BRE
Commercial, LLC - Landlord’s broker 
	 
	 	 	 	 	 	Mark Bauer, CB Richard Ellis -
Tenant’s broker
	 
	 	 	 	 	 	 
	 
	 	(r)	 	Prepaid Rent:	 	$0.00
	 
	 	 	 	 	 	 
	 
	 	(s)	 	Office Building:	 	The office building located at 2299 West Obispo Avenue, Gilbert, AZ
	 
	 	 	 	 	 	85233
	 
	 	 	 	 	 	 
	 
	 	(t)	 	Land:	 	The land on which the Office Building is located
	 
	 	 	 	 	 	 
	 
	 	(u)	 	Project:	 	The development consisting of the Land and all improvements built on the

	 
	 	 	 	 	 	Land including, without limitation, the Building, parking lot, parking   structure,   if  any,
	 
	 	 	 	 	 	walkways,   driveways,   fences,   and landscaping.
	 
	 	 	 	 	 	 
	 
	 	(v)	 	Landlord’s Address:	 	ATTN: Doug Taylor
	 
	 	 	 	 	 	2299 West Obispo Avenue
	 
	 	 	 	 	 	Gilbert, AZ 85233
	 
	 	 	 	 	 	 
	 
	 	(w)	 	Tenant’s Address:	 	Go Daddy Software, Inc.
	 
	 	 	 	 	 	14455 North Hayden Road, Suite 219
	 
	 	 	 	 	 	Scottsdale, Arizona  85260

If any other provision of this Lease contradicts any definition of this Article, the other
provision will prevail.

The following exhibits are attached to this Lease and are made parts of this Lease: First
Addendum and Exhibits “A” and “B”, attached thereto.

ARTICLE 2. AGREEMENT

Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord,
according to this Lease.

ARTICLE 3. TERM, DELIVERY AND ACCEPTANCE OF PREMISES

3.1 General. The duration of this Lease will be the Term. See First Addendum

3.2 Delivery of Possession. Landlord will construct or install in the Premises the
improvements to be constructed or installed by Landlord according to the First Addendum and further
defined in the architectural permitted working drawings. Landlord will be deemed to have delivered
possession of the Premises to Tenant on the Early Possession Date. See First Addendum. 3.3
Failure to Deliver Possession. If, for any reason, Landlord cannot deliver possession of
the Premises to Tenant on the Commencement Date:

     (a) This Lease will not be void or voidable; and

     (b) Landlord will not be liable to Tenant for any resultant loss or damage; and

     (c) If delivery of possession of the Premises to Tenant on the Commencement Date is delayed by
Landlord, (i) Rent will be waived for the period between the original Commencement Date and the date
on which Landlord delivers possession of the Premises to Tenant, (ii) the original Commencement
Date and Expiration Date will be extended automatically one day for each day of delay after the
original Commencement Date and before delivery of possession, and (iii) Landlord and Tenant will
execute a certificate of the new Commencement Date and Expiration Date promptly after delivery of
possession.

3.4 Early Entry. If Tenant is permitted entry to the Premises prior to the Early
Possession Date for the purpose of installing fixtures or any other purpose permitted by Landlord,
such early entry will be at Tenant’s sole risk and subject to all the terms and provisions of this
Lease as though the Early Possession Date had occurred, except for the payment of Monthly Rent
which will commence on the Commencement Date. Tenant, its agents or employees, will not interfere
with or delay Landlord’s completion of construction of the improvements. All rights of Tenant
under this Section 3.4 will be subject to the requirements of all applicable building codes and
zoning requirements so as not to interfere with Landlord’s obtaining a certificate of occupancy for
the Premises. Landlord has the right to impose such additional conditions on Tenant’s early entry
as Landlord, in its sole discretion, deems appropriate, and will further have the right to require
that Tenant execute an early entry agreement containing such conditions prior to Tenant’s early
entry.

3.5 Condition of the Premises. Prior to the Early Possession Date, Tenant will conduct a
walk-through inspection of the Premises with Landlord and prepare a punch-list of items needing
additional work by Landlord. Other than the items specified in the punch-list, by taking
possession of the Premises, Tenant will be deemed to have accepted the Premises in their condition
on the date of delivery of possession. The same procedure shall apply to the First Additional
Space and Section Additional Space. The punch-list will not include any damage to the Premises
caused by Tenant’s move-in or early access, if permitted. Damage caused by Tenant will be
repaired or corrected by Landlord, at Tenant’s expense. Tenant acknowledges that neither Landlord
nor its agents or employees have made any representations or warranties as to the suitability or
fitness of the Premises for the conduct of Tenant’s business or for any other purpose, nor has
Landlord or its agents or employees agreed to undertake any alterations or construct any Tenant improvements to the Premises except as
expressly provided in this Lease. Landlord’s contractor will complete all reasonable punch-list
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after the walk-through.

3.6 Adjustments Upon Completion. As soon as practicable, upon completion of the
improvements in accordance with the Work Letter, Landlord will notify Tenant of the Rentable
Area of the Premises, the Rentable Area of the Building, Monthly Rent, and Tenant’s Share, if
such information was not previously determinable by Landlord. At Landlord’s request, Tenant will
promptly execute a certificate confirming such information.

ARTICLE 4. MONTHLY RENT, RENTAL ADJUSTMENT AND CONVERSION

4.1
Monthly Rent. Throughout the Term of this Lease, Tenant will pay Monthly Rent to
Landlord as rent for the Premises. Monthly Rent will be paid in advance, on or before the
first day of each calendar month of the Term. If the Term commences on a day other than the
first day of a calendar month, the Monthly Rent will be appropriately prorated by Landlord for
such month. If the Term commences on a day other than the first day of a calendar month, then
prorated Monthly Rent for such month will be paid on or before the first day of the Term.
Monthly Rent will be paid to Landlord, without notice or demand, and without deduction or
offset, in lawful money of the United States of America at Landlord’s Address, or to such other
person or at any other place as Landlord may from time to time designate in writing.

ARTICLE 5. OPERATING EXPENSES

5.1 General: This Lease shall be deemed a modified gross lease and Tenant shall do
all acts and make all payments pro-rata, connected with or arising out of any increase of
operating expenses for the Office Building over Tenant’s expense base, in addition to Tenant’s
Base Rent. This includes, without limitation, all taxes and assessments, and any increases in
all taxes and assessments, whether now or hereafter existing, levied or imposed on Landlord or
Tenant, and whether foreseen or unforeseen. In addition to Monthly Rent, Tenant will pay
Tenant’s Monthly Share of the Increased Current Operating Expenses of the Office Building.
Landlord agrees to cap the annual increases of the
“Controllable Expenses” (“Controllable
Expenses” shall be defined as every expense set forth below except for all utilities, all
insurance and all taxes which shall be excluded) at five percent (5.0%) per year on a cumulative
basis.

As used in
this Lease, the term “Operating Expenses” includes:

(a) all reasonable costs of management, operation and maintenance of the Project,
including without limitation, real and personal property taxes and assessments (and
any tax levied in whole or in part in lieu of or in addition to real property
taxes), wages, salaries and compensation of employees, consulting, accounting, legal
and, maintenance, guard and other services, management fees (charged by Landlord,
any affiliate of Landlord, or any other entity managing the Project), reasonable
reserves for Operating Expenses, that part of office rent or rental value of space
in the Project used by Landlord to manage, operate and maintain the Project or
furnished by Landlord to enhance the management, operation or maintenance of the
Project, power, water, waste disposal and other utilities, materials and supplies,
maintenance and repairs, insurance obtained with respect to the Project,
depreciation on personal property and equipment (which is or should be capitalized
on the books of Landlord), and any other costs, charges, and expenses which under
generally accepted accounting principles, would be regarded as management,
maintenance and operating expenses; and

(b) the cost (amortized over such period as Landlord will reasonably determine)
together with interest at the greater of (i) the Prime Rate prevailing plus two
percent (2%) or (ii) Landlord’s borrowing rate for such capital improvements plus
two percent (2%), on the unamortized balance of any capital expenditures which are
made to the Project by Landlord (A) for the purposes of reducing Operating Expenses,
or (B) after the Date and which were required under any governmental law or
regulation that was not applicable to the Project at the time it was constructed and
which are not a result of the nature of Tenant’s use of the Premises.

Notwithstanding the foregoing, Tenant has agreed to pay for certain expenses, as set forth in
the First Addendum.

The Operating Expenses will not include (1) depreciation on the Project (other than
depreciation on personal property, equipment, window coverings on exterior windows provided by
Landlord and carpeting in public corridors and common areas); (2) costs of improvements made
for tenants of the Project; (3) finders fees and real estate brokers’ commission; (4) mortgage
principal or interest; and (5) capital items other than those referred to in clause (b), above.

Tenant acknowledges that Landlord has not made any representation or given Tenant any assurances
that the Operating Expenses will equal or approximate any actual amount per square foot of
Rentable Area of the Premises, for any calendar year during the Term.

5.2 Estimated Payments: In addition to Monthly Rent, Tenant will pay to Landlord on
the first day of each month during the Term, one-twelfth (1/12) of Landlord’s estimate of the
Additional Rent payable by Tenant pursuant to Section 5.1, above, during the subject calendar
year or partial calendar year (the “Additional Rent”). The Additional Rent is subject to
revision according to the further provisions of this Section 5.2 and Section 5.3, below. During
December of each calendar year, or as soon after December as practicable, Landlord will give
Tenant written notice of Additional Rent for the ensuing calendar year. On or before the first
day of each month during the ensuing calendar year, Tenant will pay to Landlord one-twelfth
(1/12) of the Additional Rent; however, if such notice is not given in December, Tenant will
continue to pay on the basis of the prior year’s Additional Rent until the month after such
notice is given. In the month Tenant first pays Landlord’s new Additional Rent, Tenant will
pay to Landlord the difference between the new Additional Rent estimate and the amount payable
to Landlord for the prior year’s Additional Rent, for each month which has elapsed since
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any time or times it reasonably appears to Landlord that the amount payable under Section 5.1
above, for the current calendar year will vary from the Additional Rent, Landlord may, by written
notice to Tenant, revise the Estimate Operating Expense for such year, and subsequent payments
by Tenant for such year will be based upon Landlord’s reasonably revised estimate.

5.3 Annual Settlement. Within one hundred twenty (120) days after the end of each
calendar year or as soon after such one hundred twenty (120) day period as practicable, Landlord
will deliver to Tenant a statement of amounts payable under Section 5.1, above, for such calendar
year prepared and certified by Landlord. Such certified statement will be final and binding upon
Landlord within thirty (30) days after it is given to Tenant. If such statement shows an amount
owing by Tenant that is less than the estimated payments previously made by Tenant for such
calendar year, the excess will be held by Landlord and credited against the next payment of Rent;
however, if the Term has ended and Tenant was not in default at its end, Landlord will refund the
excess payment previously made by Tenant for such calendar year, if
such statement shows a balance
due from Tenant, Tenant will pay the deficiency to Landlord within thirty (30) days after the
delivery of such statement. Tenant may review Landlord’s records of the Operating Expenses, at
Tenant’s sole cost and expense, at the place Landlord normally maintains such records during
Landlord’s normal business hours.

5.4
Final Proration. If this Lease ends on a day other than the last day of a calendar
year, the amount of increase (if any) in the Operating Expenses payable by Tenant applicable to
the calendar year in which this Lease ends will be calculated on the basis of the number of days
of the Term falling within such calendar year and Tenant’s obligation to pay the amount so
determined will survive the end of this Lease.

5.5 Other Taxes. Tenant will reimburse Landlord upon demand for any and all taxes payable
by Landlord (other than net income taxes) whether or not now customary or within the
contemplation of Landlord and Tenant:

(a) Upon, measured by or reasonably attributable to the cost or value of Tenant’s
equipment, furniture, fixtures and other personal property located in the Premises
or by the cost or value of any leasehold improvements made in or to the Premises
by or for Tenant, regardless of whether title to such improvements is in Tenant or
Landlord;

(b) upon or measured by Rent, including without limitation, any gross income tax or
excise tax levied by the Federal government or any other governmental body with
respect to the receipt of Rent;

(c) upon or with respect to the possession, leasing, operation, management,
maintenance, alteration, repair, use or occupancy by Tenant of the Premises or any
portion of the Premises; and

(d) upon this transaction or any document to which Tenant is a party creating or
transferring an interest or an estate in the Premises.

If it is not lawful for Tenant to reimburse Landlord, the Rent payable to Landlord under this
Lease will be revised to yield to Landlord the same net rental after the imposition of any such
tax upon Landlord as would have been payable to Landlord prior to the imposition of any such
tax.

     Tenant will pay promptly when due all personal property taxes on Tenant’s personal property
in the Premises and any other taxes payable by Tenant, the non-payment of which might give rise
to a lien on the Premises or Tenant’s interest in the Premises.

5.6
Rent Payable. Amounts payable by Tenant as provided herein, will be payable as Rent
without deduction or offset, except as otherwise provided within this Lease. If Tenant fails to
pay any amounts due, Landlord will have all the rights and remedies available to it on account
of Tenant’s failure to pay Rent.

ARTICLE 6. INSURANCE

6.1
Landlord’s Insurance. At all times during the Term, Landlord will carry and
maintain:

(a) fire and extended coverage insurance covering the Project, parking structure (if
any), the Building’s equipment and common area furnishings, and leasehold
improvements in the Premises); and

(b) public liability and property damage insurance; and

(c) such other insurance as Landlord determines from time to time.

The insurance coverages and amounts in this Section 6.1 will be determined by Landlord.

6.2 Tenant’s Insurance. At all times during the Term, Tenant will carry and maintain,
at Tenant’s expense, the following insurance, in the amounts specified below or such other
amounts as Landlord may from time to time reasonably request, with insurance companies and on
forms satisfactory to Landlord:

(a) public liability and property damage liability insurance, with a combined single
occurrence limit of not less than $2,000,000.00. All such insurance will
specifically include without limitation, contractual liability coverage for the
performance by Tenant of the indemnity agreements set forth in Article 21 of this
Lease, below; and

(b) insurance covering all of Tenant’s equipment, trade fixtures, appliances,
furniture, furnishings and personal property from time to time in, on or upon the
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Premises in excess of the Tenant Finish Allowance, in an amount not less than
the full replacement cost without deduction for depreciation from time to time
during the term of this Lease, providing protection against all perils included
within the classification of fire, extended coverage, vandalism, malicious
mischief, special extended peril (all risk), boiler, flood, glass breakage and
sprinkler leakage. All policy proceeds will be used for the repair or replacement
of the property damaged or destroyed, however, if this Lease ceased under the
provisions of Article 18 below, Tenant will be entitled to any proceeds resulting
from damage to Tenant’s equipment, trade fixtures, appliances, furniture,
furnishings, and personal property, and Landlord will be entitled to all other
proceeds; and

(c) workmen’s compensation insurance insuring against and satisfying Tenant’s
obligations and liabilities under the workmen’s compensation law of the state in
which the Premises are located.

6.3 Forms of the Policies. All policies of insurance which Tenant is obligated to maintain
according to this Lease (other than any policy of workmen’s compensation insurance) will name
Landlord and such other persons or firms as Landlord reasonably specifies from time to time as
additional insured. Original or copies of original policies (together
with copies of the
endorsements naming Landlord, and any others specified by Landlord as additional insured) and
evidence of the payment of all premiums of such policies will be delivered to Landlord prior to
Tenant’s occupancy of the Premises and from time to time around the expiration of the term of each
such policy. All public liability and property damage liability insurance policies maintained by
Tenant will contain a provision that Landlord and any other additional insured will be entitled to
recover under such policies for any loss sustained by them, their agents and employees as a result
of the acts or omissions of Tenant. All such policies maintained by Tenant will provide that they
may not be terminated or amended except with written notice to Landlord given within a reasonable
period of time. All public liability, property damage, liability and casualty policies maintained
by Tenant will be written as primary policies, not contributing with and not supplemental to the
coverage that Landlord may carry. Insurance required to be maintained by Tenant by this Article 6
may be subject to a deductible of up to $1,000.00.

6.4 Waiver of Subrogation. Except as otherwise provided herein, Landlord and Tenant each
waive any and all rights to recover against the other or against any other Tenant or occupant of
the Project, or against the officers, directors, shareholders, partners, joint venturers,
employees, agents, customers, invitees or business visitors of such other party or of such other
Tenant of occupancy of the Project, for any loss or damage to such waiving party arising from any
cause covered by any insurance required by such party pursuant to this Article 6 or any other
insurance actually carried by such party to the extent of the limits of such policy. Landlord and
Tenant, from time to time, will cause their respective insurers to issue appropriate waiver of
subrogation rights endorsements to all policies of insurance carried in connection with the
Project or the Premises claiming by, under or through Tenant to execute and deliver to Landlord
such a waiver of claims and to obtain such waiver of subrogation rights endorsements.

6.5 Adequacy of Coverage. Landlord, its agents and employees, make no representation
that the limits of liability specified to be carried by Tenant pursuant to this Article 6 are
adequate to protect Tenant. If Tenant believes that any of such insurance coverage is inadequate,
Tenant will obtain such additional insurance coverage as Tenant deems adequate, at Tenant’s sole
expense.

ARTICLE 7. USE

The
premises will be used only for general office purposes, including but not limited to call
center operations, back office activities, and other standard business operations of Go Daddy
Software, Inc. Tenant will not: do or permit to be done in or about the premises, or bring to,
keep or permit to be brought or kept in the Premises, anything which is prohibited by or will in
any way conflict with any law, statute, ordinance or governmental rule or regulation which is
now in force or which may be enacted or promulgated after the Date, do or permit anything to be
done in or about the Premises which will in any way obstruct or interfere with the rights of
other tenants of the Building or Project, or injure or annoy them; use or allow the Premises to
be used for any improper, immoral, or unlawful purpose; cause, maintain or permit any nuisance
in, on or about the Premises or commit or allow to be committed any waste in, on or about the
Premises; construct, excavate, trench, or dig, in any of the common areas of the Project.

ARTICLE
8. REQUIREMENTS OF LAW: FIRE INSURANCE AND HAZARDOUS MATERIALS

8.1
General. At its sole cost and expense Tenant will promptly comply with all laws,
statutes, ordinances and governmental rules, regulations or requirements now in force or in force
after the Early Possession Date, with the requirements of any board of free underwriters or other
similar body constituted now or after the Early Possession Date, with any direction or occupancy
certificate issued pursuant to any law by any public officer or officers, as well as the
provisions of all recorded documents affecting the Premises, insofar as they relate to the
condition, use or occupancy of the Premises, excluding requirements of structural changes or
changes outside the Premises unless related to (a) Tenant’s acts, (b) Tenant’s business, (c)
Tenant’s use of the Premises, or (d) improvements made by or for Tenant.

8.2
Hazardous Materials. Tenant will not generate, manufacture, receive, transport from,
store, use or dispose of any Hazardous Material in, on or about the Premises or the Project. For
the purpose of this Section 8.2, Hazardous Materials shall include but not be limited to
substances defined as “hazardous substances,”
“hazardous materials,” or “toxic substances, ”in
the Comprehensive Environmental Response, Compensation and Liability Act of Materials
Transportation Act, 49 U.S.C. Section 1901, et seq.; the Resource Conservation and Recovery Act,
42 U.S.C. Section 6901 et seq.; and those substances defined as “hazardous wastes” in the Arizona
Revised Statues Section 36-3501(16). Tenant will be solely
responsible for and will defend,
indemnify and hold Landlord, its agents and employees harmless from and against all claims, costs
and liabilities, including attorneys’ fees and costs, arising out of or in connection with
Tenant’s breach of its obligations under this Section 8.2. Tenant will be solely responsible for
and will defend, indemnify and hold Landlord, its agents and employees harmless from and against
any and all claims, costs, liabilities and damage, including attorneys’ fees and costs, arising
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or in connection with the removal, cleanup, remediation and restoration work and materials
necessary to return the Premises and any other property of whatever nature located on the Project
to their condition existing prior to the appearance of Tenant’s Hazardous Materials on the
premises. Tenant will pay to Landlord upon demand an amount equal to any permanent damage to the
real property or buildings. Tenant is liable for all damages under the Law.

     (a) If Tenant shall become aware of or receive notice or other communication concerning any
actual, alleged, suspected or threatened violation of any applicable present and future statutes,
regulations, rules, ordinances, codes, licenses, permits, orders, approvals, plans, authorizations,
concessions, and similar items, of all governmental agencies, departments, commissions, boards,
bureaus or instrumentalities of the United States, states and political subdivisions thereof
relating to the protection of human health or the environment (collectively, “Environmental Laws”);
or if Tenant should become aware of or receive notice or other communication concerning any
factual, alleged, suspected communication concerning any factual, alleged, suspected or threatened
liability for a violation of the Environmental Laws in connection with the Property or the past or
present activities of any person thereon, including but not limited to notice or other
communication concerning any actual or threatened investigation, inquiry, lawsuit, claim, citation,
directive, summons, proceedings, complaint, notice, order, writ or injunction, then Tenant shall
deliver to Landlord, within ten (10) days of the receipt of such notice or communication by Tenant,
a written description of said violation, liability, or actual or threatened event or condition,
together with copies of any documents evidencing same. Receipt of such notice shall not be deemed
to create any obligation on the part of Landlord to defend or otherwise respond to any such
notification.

     (b) Tenant shall not initiate communications with or provide information to any party other
than Landlord regarding any hazardous materials without Landlord’s prior written approval, unless
required by law or imminent emergency posing a substantial endangerment to human health, in which
event Tenant shall provide notice of such communication or disclosure to Landlord as soon as
reasonably possible.

8.3
Certain Insurance Risks. Tenant will not do or permit to be done any act or things
upon the Premises or the Project which would (a) jeopardize or be in conflict with fire insurance
policies covering the Project and fixtures and property in the Project, or (b) increase the rate
of fire insurance applicable to the Project to an amount higher than it otherwise would be for
general office use of the Project, or (c) subject Landlord to any liability or responsibility for
injury to any person or persons or to property by reason of any business or operation being
carried on upon the Premises.

ARTICLE 9. ASSIGNMENTS AND SUBLETTING

9.1 General. Tenant, for itself, its heirs, distributees, executors, administrators,
legal representatives, successors and assigns, covenants that it will not assign, mortgage or
encumber this Lease, nor sublease, nor permit the Premises or any part of the Premises to be used
or occupied by others, without the prior written consent of Landlord in each instance, whose
consent shall not be unreasonably withheld. Any assignment or sublease in violation of this
Article 9 will be void. If this Lease is assigned, or if the
Premises or any part of the Premises
are subleased or occupied by anyone other than Tenant, Landlord may, after default by Tenant,
collect rent from the assignee, subtenant or occupant, and apply the new amount collected to Rent.
No assignment, sublease, occupancy or collection will be deemed a waiver of the provisions of this
Section 9.1, and acceptance by Landlord of the assignee, subtenant or occupant as Tenant, shall not
release Tenant from the further performance by Tenant of covenants on the part of Tenant contained
in this Lease. The consent by Landlord to an assignment or sublease will not be construed to
relieve Tenant from obtaining Landlord’s prior written consent in each instance.

9.2
Landlord’s Right to Recapture. If Tenant desires to assign all or part of this Lease
or to sublease all or any portion of the Premises, Tenant will first submit to Landlord the
documents described in Section 9.3, below, and will offer in writing,(a) with respect to a
prospective assignment, to assign this Lease to Landlord without any payment of money or other
consideration for such assignment, or (b) with respect to a prospective sublease, to sublease to
Landlord the portion of the Premises involved (“Leaseback Area”) for the term specified by Tenant
in its offer and at the lower of (i) Tenant’s proposed sub-rental or (i) the rate of Monthly Rent
and Additional Rent then in effect according to this Lease, and on the same terms, covenants and
conditions contained under Lease and applicable to the Leaseback Area. The offer will specify the
date when the Leaseback Area will be made available to Landlord. That dale will not be earlier than
thirty (30) days nor later than one hundred eighty (180) days after the date of Landlord’s
acceptance of the offer. If an offer of sublease is made, it will also specify the term of the
proposed sublease except that if the proposed sublease will result in all or substantially all of
the Premises being subleased, then Landlord will have the option to extend the term of the proposed
sublease for the balance of the Term of this Lease less one (1) day.

     Landlord will have thirty (30) days from the receipt of the offer either to accept or reject
it. If Landlord accepts the offer, Tenant will then execute and deliver to Landlord, or to anyone
designated or named by Landlord, an assignment or sublease, as the case may be, in either case in
a form reasonably satisfactory to Landlord’s counsel.

     If such a sublease is made to Landlord or its designee, such sublease will expressly:

(a) permit Landlord to make further subleases of all or any part of the Leaseback Area
and to make and authorize any and all changes, alterations, installations and
improvements in such space as Landlord deems necessary for
such subletting, at Landlord’s expense;

(b) provide that Tenant will permit reasonably appropriate means of ingress to and
egress from the Leaseback Area at all times;

(c) negate any intention that the estate created under such sublease be merged with any
other estate held by Landlord or Tenant;

(d) provide that Landlord will accept the Leaseback Area “as is” except that
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expense, will perform all such work and make all such alterations as may be required
physically to separate the Leaseback Area from the remainder of the Premises and to
permit lawful occupancy; and

(e) provide that at the expiration of the term of such sublease, Tenant will accept
the Leaseback Area as may be reasonably necessary to preserve the Leaseback Area in
good order and condition, ordinary wear and tear excepted.

      Performance by Landlord, or its designee, under a sublease of the Leaseback Area will be
deemed performance by Tenant of any similar obligation under this Lease. Tenant will not be liable
for any default under this Lease or deemed to be in default under this Lease if such default is
occasioned by or arises from any act or omission of any occupant holding under or pursuant to any
such sublease.

9.3
Submission of Information. If Tenant requests Landlord’s consent to a specific
assignment or subletting, Tenant will submit in writing to Landlord (a) the name and address of the
proposed assignee or subtenant, (b) a counterpart of the proposed agreement of assignment or
sublease, (c) reasonably satisfactory information as to the nature and character of the business of
the proposed assignee or subtenant, and as to the nature of its proposed use of the space, (d)
reasonable assurances from Tenant that the proposed assignee or subtenant is financially
responsible and of sufficient character, and (e)any and all financial information or statements of
the proposed assignee or subtenant requested by Landlord.

9.4
Consent Not to be Unreasonably Withheld. If Landlord does not accept Tenant’s offer
within thirty (30) days after receipt of it, as provided in Section 9.2, above, then Landlord will
not unreasonably withhold or delay its consent to Tenant’s request for consent to such specific
assignment if the conditions in Section 9.3, above, and all of the following conditions are
satisfied:

(a) The proposed transferee is at least as creditworthy as Tenant when Tenant entered
into this Lease, and satisfied Landlord’s then-current credit standards for tenants of
the Building, and in Landlord’s opinion has the financial strength and stability to
perform all obligations under this Lease to be performed by Tenant as and when they
fall due.

(b) The proposed transferee will make use of the Premises which in Landlord’s opinion
(i) is lawful,(ii) is consistent with the permitted use of the Premises under this
Lease, (iii) is consistent with the general character of business carried on by tenants
of a first class office building, (iv) does not conflict with any exclusive rights or
covenants not to compete in favor of any other Tenant or proposed Tenant in the
Project,(v) will not increase the likelihood of damage or destruction, (vi) will not
increase the rate of wear and tear to the Premises, Building common facilities, or
Project, (vii) will not likely cause an increase in insurance premiums for insurance
policies applicable to the Project, and (viii) will not require Tenant improvements
incompatible with then existing Building or Project systems and components.

(c) Tenant pays Landlord’s reasonable attorneys’ fees and costs incurred in connection
with negotiation, review and processing of the transfer, plus a processing fee not to
exceed $500.00 for each such request.

(d) Landlord is paid any increase in the Security Deposit required by Landlord and permitted
by law.

(e) The proposed transferee has demonstrated to the reasonable satisfaction of Landlord
that it has good character, moral stability and good reputation in the general
business community.

(f) At the time of the proposed transfer, there is no Event of Default under this Lease.

(g) The proposed transferee is not a tax-exempt entity as defined in the Internal
Revenue Code of 1986, as amended.

(h) At least 75% of the Rentable Area of the Building is leased to paying tenants.

(i) The transfer will not otherwise have or cause a material adverse impact on
Landlord’s interests, the Building, the Premises or the Project.

(j) If Landlord consents to the proposed assignment or sublease, Tenant complies
with the further provisions of Sections 9.5 and 9.6, below.

Tenant shall have the burden of demonstrating that each of the foregoing conditions is satisfied.

9.5 Form of Assignment or Sublease. If Landlord consents to a proposed assignment or
sublease, Landlord will give Tenant’s form of assignment or sublease, as the case may be, which is
acceptable to Landlord and will provide, among other things, that Tenant will remain liable under
this Lease. Any sublease will provide, among other things, that the subtenant will comply with all
applicable terms and conditions of this Lease. Any assignment will contain, among other things, an assumption by the assignee of all of the terms,
covenants and conditions which this Lease requires Tenant to perform. Landlord’s consent will not
be effective unless and until Tenant (a) delivers to Landlord an original duly executed assignment
or sublease, as the case may be, in the form provided by Landlord, and (b) pays Landlord the
amounts required under Section 9.4(c), above.

9.6
Payments to Landlord for Assignment. If Landlord consents to a proposed assignment,
then Landlord will have the right to require Tenant to pay to
Landlord a sum equal to: (a) any
rent or other consideration paid to Tenant by any proposed transferee which (after deducting the
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costs, commissions and legal fees) is in excess of the Rent allocable to the transferred
space which is then being paid by Tenant to Landlord pursuant to this Lease; and (b) any other
profit or gain (after deducting any necessary expenses incurred) realized by Tenant from any such
sublease or assignment. All such sums payable will be payable to Landlord at the time the next
payment of Monthly Rent is due.

9.7 Prohibited Transfers.

(a) Tenant
will not offer to assign the Lease at a rate of Rent lower than that which
is then being paid by Tenant to Landlord.

(b) The transfer of a majority of the issued and outstanding capital stock of any
corporate Tenant or subtenant of this Lease or a majority of the total interest in any
partnership Tenant or subtenant, however accomplished, and whether in a single
transaction or in a series of related or unrelated transactions, will be deemed an
assignment of this Lease or of such sublease requiring Landlord’s consent in each
instance. For purposes of this Article 9, the transfer of outstanding capital stock of
any corporate Tenant will not include any sale of such stock by persons (other than
those deemed “insiders” within the meaning of the Securities Exchange Act of 1934, as
amended) effected through “over-the-counter-market” or through any recognized
stock exchange.

9.8 Permitted Transfer. Subject to Sections 9.5, 9.6 and 9.10, Landlord consents to an
assignment of this Lease, or sublease of all or part of the Premises, to a wholly-owned subsidiary
of Tenant or the parent of Tenant or to any corporation into or with which Tenant may be merged or
consolidated.

9.9 Limitation on Remedies. Tenant will not be entitled to make, nor will Tenant make, any
claim, and Tenant by this Section 9.9 waives any claim, for money damages (nor will Tenant claim
any money damages by way of set-off, counterclaim or defense) based upon any claim or assertion by
Tenant that Landlord has unreasonably withheld or unreasonably delayed its consent or approval to a
proposed assignment as provided for in this Section. Tenant’s sole remedy will be an action or
proceeding to enforce any such provision, or for specific performance, injunction, or declaratory
judgment.

9.10 Consent of Mortgage. Any transfer for which consent is required of any party having a
mortgage, deed of trust or other encumbrance on, or of any lessor under any ground or underlying
lease of, all or any part of the Project shall not be effective unless and until such consent is
given.

ARTICLE 10. RULES AND REGULATIONS

     Landlord may from time to time reasonably amend, delete or modify existing rules and
regulations, or adopt reasonable new rules and regulations for the use, safety, cleanliness and
care of the Premises, the Building, and the Project, and the comfort, quiet enjoyment and
convenience of occupants of the Project. Modifications or additions to the rules and regulations
will be effective upon notice to Tenant from Landlord. In the event of any breach of any rules or
regulations or any amendments or additions to such rules and regulations, Landlord will have all
remedies which this Lease provides for default by Tenant, and will, in addition, have any remedies
available at law or in equity, including the right to enjoin any breach of such rules and
regulations. Landlord will not be liable to Tenant for violations such rules and regulations by
any other Tenant, its employees, agents, visitors or licensees or any other person. In the event
of any conflict between the provisions of this Lease and the rules and regulations, the provisions
of this Lease will govern.

ARTICLE
11. COMMON AREAS

     As used in this Lease, the term “common areas” means, without limitation, the hallways,
entryways, parking areas, driveways, walkways, terraces, loading areas, trash facilities and all
other areas and facilities in the Project which are provided and designated from time to time by
Landlord for the general nonexclusive use and convenience of Tenant with Landlord and other tenants
of the Project and their respective employees, invitees, licensees or other visitors. Landlord
grants Tenant, its employees, invitees, licensees and other visitors a nonexclusive license for the
Term to use the common areas in common with others entitled to use the common areas, subject to the
terms and conditions of this Lease. Without advance notice to Tenant (except with respect to
matters covered by Subsection (a) below) and without any liability to Tenant in any respect,
Landlord will have the right to:

     (a) establish and enforce reasonable rules and regulations concerning the maintenance,
management, use and operation of the common areas;

     (b) close off any of the common areas to whatever extent required in the opinion of Landlord
and its counsel to prevent a dedication of any of the common areas or the accrual of any rights by
any person or the public to the common areas, provided such closure does not deprive Tenant of the
substantial benefit and enjoyment of the Premises;

     (c) Temporarily close any of the common areas for maintenance, alteration or
improvement purposes;

     (d) Select, appoint or contract with any person for the purpose of operating and maintaining
the common areas, on such terms and conditions as Landlord deems reasonable;

     (e) change the size, use, shape or nature of any such common areas, provided such change does
not deprive Tenant of the substantial benefit and enjoyment of the Premises. So long as Tenant is
not thus deprived of the substantial use and benefit of the Premises, Landlord will also have the
right at any time to change the arrangement or location of, or both, or to regulate or eliminate
the use of any concourse, parking spaces, toilets or other public conveniences in the Project,
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incurring any liability to Tenant or entitling Tenant to any abatement of rent and such
action will not constitute an actual or constructive eviction of Tenant; and

     (f) erect one or more additional building on the common areas, expand the existing Building
or other buildings to cover a portion of the common areas, convert common areas to a portion of
the Building (excluding the Premises) or other buildings to common areas. Upon erection of any
additional buildings or change in common areas, the portion of the Project upon which buildings
or structures have been erected will no longer be deemed to be a part of the common areas. In the
event of any such changes in the size or use of the Building or common areas of the Building or
Project, Landlord may make an appropriate adjustment in the Rentable Area of the Building or the
Building’s pro rata share of exterior common areas of the Project, as appropriate, and a
corresponding adjustment to Tenant’s Share of the Operating
Expenses payable pursuant to Articles 5 of this Lease, above.

ARTICLE 12. LANDLORD’S SERVICES

12.1 Landlord’s Repair and Maintenance. Landlord will maintain, repair and restore the
common areas of the Project, including lobbies, corridors and restrooms, the windows in the
Building, the mechanical, plumbing and electrical equipment serving the Building, and the
structure of the Building in reasonably good order and condition.

Landlord agrees to commence necessary repairs and maintenance to the Premises and Common Areas
in a timely manner (“Response Time Periods”), as hereinafter defined. Tenant reserves the right,
and Landlord specifically grants the right, for Tenant to cause repairs and maintenance to be
made to the Premises when Landlord fails to affect such maintenance and repairs within the
Response Time Periods. Landlord agrees to reimburse Tenant its out of pocket costs for any
maintenance and repair costs Tenant incurs under this section (the “Costs”). For purposes of
this section, repairs and maintenance shall be defined as any maintenance and repairs to the
Premises which Tenant reasonably deems necessary to conduct its business and maintain a suitable
working environment. Maintenance and repairs will include, but will
not be limited to: repair of
wear and tear on the Premises; replacement of broken or missing fixtures, parts, mechanical
equipment, plumbing or electrical parts; landscaping maintenance; facilities cleaning and
maintenance; and, any other repair or improvement Tenant deems necessary, subject to Landlord’s
approval, which shall not be unreasonably withheld. Tenant shall submit service requests for
repairs and maintenance to Landlord by means and through channels established by Landlord.
Tenant submitted service requests shall be deemed approved unless otherwise declined by Landlord
within two business days from time of submission. However, those service requests classified as
High Priority (as hereinafter defined) shall be deemed automatically approved. Approval of
Tenant submitted service requests shall not be unreasonably withheld by Landlord. Landlord
agrees not to withhold reimbursement for maintenance and repairs paid for by Tenant. Landlord
further agrees that in the event it fails to reimburse Tenant for maintenance or repairs paid
for by Tenant within ninety (90) days of presentation by Tenant to Landlord, Tenant may deduct
the cost from the next month’s Monthly Rent. For purposes of this section, Response Time Periods
shall be defined as follows, provided, however, that the list below is not intended to be
exhaustive:

i. High Priority— within 3 to 6 hours of receipt of service request relating to the following
described conditions:

a. Air Conditioning failure

b. Plumbing malfunction (including flooding)

c. Electrical Service Outages (excluding power outages attributed to the utility provider’s
service grid(s))

d. Glass breakage

e. Exterior entry malfunction

ii.
Medium Priority —within 24 hours of receipt of service request relating to the following
described conditions:

a. Cleaning of Premises, including Common Areas

b. Replacement/repair of non-critical electrical fixtures

c. Replacement/repair of non-critical mechanical parts

d. Replacement/repair of exterior lighting considered security sensitive

iii. Low
Priority —within 48 hours of receipt of service requests relating to
the following described conditions:

a. All other service requests

12.2 Landlord’s Services. Landlord will furnish the Premises with: (i) heat and air
conditioning equipment in good condition with sufficient capacity required for the comfortable
occupation of the Premises; (ii) lighting replacement (for building standard lights) during
Business Hours; (iii) restroom supplies; Landlord may provide, but will not be obligated to
provide, any such services on Holidays and weekends.

     Landlord will not be in default under this Lease or be liable for any damages directly or
indirectly resulting from, nor will the Rent be abated by reason of (1) the installation, use or
interruption of use of any equipment in connection with the furnishing of any of such services, (2)
failure to furnish or delay in furnishing any such services when such failure or delay is caused by
accident or any condition beyond the reasonable control for Landlord or by the making of necessary
repairs or improvements to the Premises, the Building, or the Project, (3) the limitation,
curtailment, rationing or restrictions on use of water, electricity, gas or other form of energy serving the Premises, the Building, or the Project,
unless such is called by Landlord’s negligence or deliberate acts. Landlord will use reasonable
efforts to remedy diligently any interruption in the furnishing of such services.

     The term “Business Hours” means Tenant’s normal hours of operation,

			
	 	 	 
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12.3
Tenant’s Costs. Whenever equipment or lighting (other than building standard
lights) is used in the Premises by Tenant and such equipment or lighting affects the temperature
otherwise normally maintained by the design of the air conditioning system, Landlord will have the
right, after notice to Tenant, to install supplementary air conditioning facilities in the Premises
or otherwise modify the ventilating and air conditioning system serving the Premises, and the cost
of such facilities and modifications will be borne by Tenant. Tenant will also pay as Additional
Rent the cost of providing all cooling energy to the Premises in excess of that required for normal
office use or during hours requested by Tenant when air conditioning is not otherwise furnished by
Landlord. Tenant will bear the cost of replacement bulbs or tubes for all non-building standard
light fixtures.

12.4
Limitation on Liability. Landlord will not be liable to Tenant or any other person,
for direct or consequential damage, or otherwise, for any failure to supply any heat, air
conditioning, cleaning, lighting, security, surges or interruptions of electricity, or other
service Landlord has agreed to supply during any period when Landlord uses reasonable diligence to
supply such services. Landlord reserves the right temporarily to discontinue such services, or any
of them, at such times as may be necessary by reason of accident, repairs, alterations or
improvements, strikes, lockouts, riots, acts of God, governmental preemption in connection with a
national or local emergency, any rule, order or regulation of any governmental agency, conditions
of supply and demand which make any product unavailable. Landlord’s compliance with any mandatory
governmental energy conservation or environmental protection program, or any voluntary governmental
energy conservation program at the request of or with consent or acquiescence of Tenant, or any
other happening beyond the control of Landlord. Landlord will not be liable to Tenant or any other
person or entity for direct or consequential damages resulting from the admission to or exclusion
from the Building or Project of any person. In the event of invasion, mob, riot, public excitement
or other circumstances rendering such action advisable in Landlord’s sole opinion, Landlord will
have the right to prevent access to the Building or Project during the continuance of the same by
such means as Landlord, in its sole discretion, may deem appropriate, including, without
limitation, locking doors and closing parking areas and other common areas. Landlord will not be
liable for damages to person or property or for injury to, or interruption of, business for any
discontinuance permitted under this Article 12, nor will such discontinuance in any way be
construed as an eviction of Tenant or cause an abatement of Rent or operate to release Tenant from
any of Tenant’s obligations under this Lease.

ARTICLE
13. TENANT’S CARE OF THE PREMISES

     Tenant will maintain the Premises (including Tenant’s equipment, personal property and
trade fixtures located in the Premises) in their condition at the time they were delivered to
Tenant, reasonable wear and tear and Landlord’s obligations under Article 12 excluded. Tenant will
immediately advise Landlord of any material damage to the Premises or the Project. Tenant shall be
responsible for janitorial services for the Premises.

ARTICLE 14. ELECTRICAL SERVICES

     Both parties acknowledge and agree that this Lease is intended to be a modified gross
lease and that it shall be Tenant’s responsibility to secure electrical services for the Premises
and to pay all costs associated therewith, including deposits, hook up charges and ongoing service
charges.

ARTICLE 15. ALTERATIONS

15.1
General. During the Term, Tenant will not make or allow to be made any material
alterations, additions or improvements to or of the Premises or any part of the Premises, or attach
any fixtures or equipment to the Premises, without first obtaining Landlord’s written consent.
All such material alterations, additions and improvements consented to by Landlord, and capital
improvements which are required to be made to the Project as a result of the nature of Tenant’s use
of the Premises, which consent shall not be unreasonably withheld:

     Will be performed by contractors and subject to conditions approved by Landlord, whose
consent shall not be unreasonably withheld (which may include requiring the posting of a
mechanic’s or material man’s lien bond).

15.2
Free-Standing Partitions and Server Racks. Tenant will have the right to install
free-standing work station partitions and server racks, without Landlord’s prior written consent,
so long as no building or other governmental permit is required for their installation or
relocation; however, if a permit is required Landlord will not unreasonably withhold its consent to
such relocation or installation. The free-standing work station partitions and server racks for
which Tenant pays will be part of Tenant’s trade fixtures for all purposes under this Lease.

15.3 Other Charges. Tenant acknowledges that any alterations, additions and improvements
to the Premises (including without limitation installation or relocation of partitions) may affect
the heating, cooling, power, lighting and other systems in the Project and any increased cost
attributable to such changes will be payable by Tenant to Landlord as Additional Rent.

15.4
Removal. By notice given to Tenant no less than thirty (30) days prior to the
Expiration Date, Landlord may either:

     (a) require that Tenant remove any or all alterations, additions, fixtures and improvements
which are made in or upon the Premises pursuant to this Article 15. In that event, prior to the
Expiration Date, Tenant will remove such alterations, additions, fixtures and improvements at
Tenant’s sole cost and will restore the Premises to the condition in which they were before such
alterations, additions, fixtures, improvements and additions were made, reasonable wear and tear
excepted; or

     (b) enter the Premises (without any liability for an actual or constructive, partial or total,
eviction or any other claim or offset) remove any or all alterations, additions, fixtures and
improvements made pursuant to this Article 15 at Tenant’s expense; however, Landlord will not enter
the Premises in order to effect such removal more than thirty (30) days before the

			
	 	 	 
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Expiration Date.

If Landlord does not so notify Tenant, Landlord may remove such alterations, fixtures, additions,
and improvements after the end of the Term at Tenant’s cost, and Landlord and Tenant shall mutually
agree on whom shall own them

ARTICLE 16. MECHANICS’ LIENS

     Tenant will pay or cause to be paid all costs and charges for work (a) done by Tenant or
caused to be done by Tenant, in or to the Premises unless provided otherwise within this Lease
that Landlord shall be responsible for the cost, and (b) for all materials furnished for or in
connection with such work. Tenant will indemnify Landlord against and hold Landlord, the Premises
and the Project free, clear and harmless of and from all mechanic’s liens and claims of liens, and
all other liabilities, liens, claims and demands on account of such work by or on behalf of
Tenant. If any such lien, at any time, is filed against the Premises, or any part of the Project,
Tenant will cause such lien to be discharged of record within ten (10) days after the filing of
such lien, except that if Tenant desires to contest such lien, it will furnish Landlord, within
such ten (10) day period, security reasonably satisfactory to Landlord of at least 150% of the
amount of the claim, plus estimated costs and interest. If a final judgment establishing the
validity or existence of a lien for any amount is entered, Tenant will pay and satisfy the same at
once. If Tenant fails to pay any charge for which a mechanics’ lien has been filed, and has not
given Landlord security as described above, Landlord may, at its option, pay such charge and
related costs and interest, and the amount so paid, together with reasonable attorneys’ fees
incurred in connection with such lien, will be immediately due from Tenant to Landlord as
Additional Rent. Nothing contained in this Lease will be deemed the consent or agreement of
Landlord subject Landlord’s interest in the Project to liability under any mechanics’ or other
lien law. If Tenant received notice that a lien has been or is about to be filed against the
Premises or the Project or any action affecting title to the Project has been commenced on account
of work done by or for or materials furnished to or for Tenant, it will immediately give Landlord
written notice of such notice. At least fifteen (15) days prior to the commencement of any work
(including but not limited to, any material maintenance, repairs, alterations, additions,
improvements or installations) in or to the premises, by or for Tenant, Tenant will give Landlord
written notice of the proposed work and the names and addresses of the persons supplying labor and
materials for the proposed work. Landlord will have the right to post notices of
non-responsibility or similar notices on the Premises in order to protect the Premises against any
such liens.

ARTICLE 17. END OF TERM

     At the end of this Lease, Tenant will promptly quit and surrender the Premises broom-clean,
in good order and repair, ordinary wear and tear excepted. If Tenant is not then in default,
Tenant may remove from the Premises any trade fixtures, equipment and movable furniture placed in
the Premises by Tenant, whether or not such trade fixtures or equipment are fastened to the
Building; Tenant will not remove any trade fixtures or equipment without Landlord’s prior written
consent if such fixtures or equipment are used in the operation of the Building, or if the removal
of such fixture or equipment will result in impairing the structural strength of the Building.
Whether or not Tenant is in default, Tenant will remove such alterations, additions, improvements,
trade fixtures, equipment and furniture as Landlord has requested in accordance with Article 15.
above. Tenant will fully repair any damage occasioned by the removal of any trade fixtures,
equipment, furniture, alterations, additions and improvements. All trade fixtures, equipment,
furniture inventory, effects, alterations, additions, and improvements on the Premises after the
end of the Term will be deemed conclusively to have been abandoned and may be appropriated, sold,
stored, destroyed or otherwise disposed of by Landlord without notice to Tenant or any other
person and without obligation to account for them; and Tenant will pay Landlord for all expenses
incurred in connection with the removal of such property, including, but not limited to, the cost
of repairing any damage to the Building or Premises caused by the removal of such property.
Tenant’s obligation to observe and perform this covenant will survive the expiration or other
termination of this Lease.

ARTICLE 18. EMINENT DOMAIN

     If all the Premises are taken by exercise of the power of eminent domain (or conveyed by
Landlord in lieu of such exercise) this Lease will terminate on a date (the “termination date”)
which is the earlier of the date upon which the condemning authority takes possession of the
Premises or the date on which title to the Premises is vested in the condemning authority. If more
than twenty-five percent (25%) of the Rentable Area of the Premises is so taken, or if the Tenant
does not cancel this Lease according to the preceding sentence, the Monthly Rent will be abated in
the proportion of the Rentable Area of the Premises so taken to the Rentable Area of the Premises
immediately before such taking, and Tenant’s Share will be appropriately recalculated, If all or
substantially all of the Building or the Project is so taken, Landlord may cancel this Lease by
written notice to Tenant given thirty (30) days after the termination date. In the event of any
such taking, the entire award will be paid to Landlord and Tenant will have no right or claim to
any part of such award; however, Tenant will have the right to assert a claim against the
condemning authority in a separate action and so long as Landlord’s award is not reduced by such
claim: for (i) Tenant’s moving expenses; (ii) leasehold improvements owned by Tenant; (iii) any
other award established solely for the benefit of Tenant.

ARTICLE 19. DAMAGE AND DESTRUCTION

     If the Premises or the Building are damaged by fire or other insured casualty, Landlord will
give Tenant notice of the time which will be needed to repair such damage, as determined by
Landlord in its sole discretion, and the election (if any) which Landlord has made according to
this Article 19. Such notice will be given before the forty-fifth (45th) day (the “Notice Date”)
after the fire or other insured casualty. If more than 25% of the rentable area is damaged as to
be unrentable, then Tenant may cancel Lease.

     (a) If the Premises or the Building are damaged by fire or other insured casualty to an extent
which may be repaired within ninety (90) days after the commencement of repair, as determined by
Landlord, Landlord will begin to repair the damage within ninety (90) days after the notice date
and will diligently pursue the completion of such repair. In such event, this Lease will continue
in full force and effect except that Monthly Rent will be abated on a pro rata basis from the date
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the fire or other insured casualty until the date of the completion of such repairs (the
“repair period”) based on the Rentable Area of the portion of the Premises the use of which Tenant
is deprived of during the repair period.

     (b) If the Premises or the Building are damaged by fire or other insured casualty to an extent
which may not be repaired within ninety (90) days after the commencement of repair, but may be
repaired within one hundred eighty (180) days after the commencement of repair, as determined by
Landlord, then, at Landlord’s option, Landlord will diligently pursue to repair such damage within
one hundred eight (180) days after the notice date. If Landlord elects to repair such damage,
Monthly Rent will be abated on a pro rata basis during the repair period based on the Rentable Area
of the portion of the Premises the use of which Tenant is deprived during the repair period. If
Landlord does not elect to repair such damage, this Lease will terminate on the notice date.

     (c) If the Premises or the Building are damaged by fire or other insured casualty to an extent
which may not be repaired within one hundred eighty (180) days after the commencement of repair, as
determined by Landlord, then (i) Landlord may cancel this Lease as of the date of such damage by
written notice given to Tenant on or before the notice date or (ii) Tenant may cancel this Lease as
of the date of such damage by written notice given to Landlord within ten (10) days after
Landlord’s delivery of a notice that the repairs cannot be made within such one hundred eighty
(180) day period. If neither Landlord nor Tenant so elects to cancel this Lease, Landlord will
repair the Building and Premises and Monthly Rent will be abated on a pro rata basis during the
repair period based on the Rentable Area of the portion of the Premises the use of which Tenant is
deprived during the repair period.

     (d) If the proceeds of insurance are insufficient to pay for the repair of any damage to the
Premises or the Building, Landlord will have the option to repair such damage or cancel this Lease
as of the date of such casualty by written notice to Tenant on or before the notice date. If any
such damage by fire or other casualty is the result of the willful conduct or negligence or failure
to act of Tenant, its agent, contractors, employees, or invitees, there will be no abatement of
Monthly Rent as otherwise provided for in this Article 19.

Tenant waives any rights conferred by statute or otherwise on account of any damage to the
Premises, the Building, or the Project, to the extent that those rights are inconsistent with
Tenant’s rights under this Article 19.

ARTICLE 20. SUBORDINATION AND ATTORNMENT

20.1 General. This Lease and Tenant’s rights under this Lease are subject and subordinate
to any ground or underlying lease, first mortgage, indenture, first deed of trust or other first
lien encumbrance, together with any renewals, extensions, modifications, consolidations and
replacements of such first lien encumbrance, now or after the Date affecting or placed, charged or
enforced against the Land, the Building, or all or any portion of the Project or any interest of
Landlord in them or Landlord’s interest in this Lease and the leasehold estate created by this
Lease (except to the extent any such instrument will expressly
provide that this Lease is superior
to such instrument). This provision will be self-operative and no further instrument of
subordination will be required in order to effect it. Nevertheless, Tenant will execute,
acknowledge and deliver to Landlord, at any time and from time to time, upon demand by Landlord,
such documents as may be requested by Landlord, any ground or underlying lessor or any mortgagee,
to confirm or effect any such subordination. If Tenant fails or refuses to execute, acknowledge and
deliver any such document within twenty (20) days after written demand, Landlord, its successors
and assigns will be entitled to execute, acknowledge and deliver any and all such documents for and
on behalf of Tenant as attorney-in-fact for Tenant. Tenant by this Section 20.1 constitutes and
irrevocably appoints Landlord, its successors and assigns as Tenant’s attorney-in-fact to execute,
acknowledge and deliver any and all documents described in this
Section 20.1 for and on behalf of
Tenant, as provided in this Section 20.1.

20.2 Attornment. Tenant agrees that in the event that any holder of any ground or
underlying lease, mortgage, deed of trust, or other encumbrance encumbering any part of the Project
succeeds to landlord’s interest in the Premises, Tenant will pay
to such holder all rents
subsequently payable under this Lease. Further, Tenant agrees that in the event of the enforcement
by the trustee or the beneficiary under or holder or owner of any such mortgage, deed of trust,
land or ground lease, Tenant will, upon request of any person or party succeeding to the interest
of Landlord as a result of such enforcement, automatically become the Tenant of and attorn to such
successor in interest without change in the term or provisions of this Lease. Such successor in
interest will not be bound by (i) any payment of Monthly Rent or Rent for more than one month in
advance except prepayments in the nature of security for the performance by Tenant of its
obligations under this Lease, or (ii) any amendment or modification of this Lease made without the
written consent or such trustee, beneficiary, holder or owner or such successor in interest. Upon
request by such successor in interest and without cost to Landlord or such successor in interest
Tenant will execute, acknowledge and deliver an instrument or instruments confirming the
attornment. If Tenant fails or refuses to execute, acknowledge and deliver any such document
within twenty (20) days after written demand, such successor in interest will be entitled to
execute, acknowledge and deliver any and all such documents for and on behalf of Tenant as
attorney-in-fact for Tenant, and in such event, Tenant by this Section 20.2 constitutes and
irrevocably appoints such successor in interest as Tenant’s attorney-in-fact to execute,
acknowledge and deliver any and all documents described in this Section 20.2 for and on behalf of
Tenant, as provided in this Section 20.2.

ARTICLE
21. ENTRY BY LANDLORD

     Landlord, its agents, employees, and contractors may enter the Premises at any time in
response to an emergency or at reasonable hours to;

	 	(a)	 	inspect the Premises;
	 
	 	(b)	 	exhibit the same to prospective purchasers, lenders or tenants;
	 
	 	(c)	 	determine whether Tenant is complying with all its obligations in this Lease;

			
	 	 	 
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	 	(d)	 	supply cleaning service and any other service to
be provided by Landlord to Tenant according to this Lease;
	 
	 	(e)	 	post notices of non-responsibility or similar notices; or
	 
	 	(f)	 	make repairs required of Landlord under the terms of this Lease
or repairs to any adjoining space or utility services or make repairs,
alterations or improvements to any other portion of the Building; however, all
such work will be done as promptly as reasonably possible and so to cause as
little interference to Tenant as reasonably possible.

     Tenant, by this Article 21, waives any claim against Landlord, its agents, employees or
contractors for damages for any injury or inconvenience to or interference with Tenant’s business,
any loss of occupancy or quiet enjoyment of the Premises or any other loss occasioned by such
entry. Landlord will at all times have and retain a key with which to unlock all of the doors in,
on or about the Premises (excluding Tenant’s vaults, safes and similar areas designated in writing
by Tenant in advance). Landlord will have the right to use any and all means which Landlord may
deem proper to open doors in and to the Premises in an emergency in order to obtain entry to the
Premises. Any entry to the Premises obtained by Landlord by any means permitted under this Article
21 will not under any circumstances be construed or deemed to be a forcible or unlawful entry into
or a detainer of the Premises or an eviction, actual or constructive, of Tenant from the Premises,
or any portion of the Premises, nor will any such entry entitle Tenant to damages or an abatement
of Monthly Rent, Additional Rent, or other charges which this Lease requires tenant to pay.

ARTICLE
22, INDEMNIFICATION, WAIVER AND RELEASE

22.1 Indemnification. Tenant will neither hold nor attempt to hold Landlord or its
employees or agents liable for, and Tenant will indemnify and hold harmless Landlord, its employees
and agents from and against, any and all demands, claims, causes of action, fines, penalties,
damages (including consequential damages), liabilities, judgments, and expenses (including, without
limitation, attorneys’ fees) incurred in connection with or arising from:

     (a) the use or occupancy or manner of use or occupancy of the Premises by Tenant or any person
claiming under Tenant;

     (b) any activity, work or thing done, permitted or offered by Tenant in or about the
Premises or the Project;

     (c) any acts, omissions or negligence of Tenant or any person claiming under Tenant, or the
contractors, agents, employees, invitees or visitors of Tenant or any such person;

     (d) any breach, violation or nonperformance by Tenant or any person claiming under Tenant or
the employees agents, contractors, invitees or visitors of Tenant or any such person or any term,
covenant or provision of this Lease of any law, ordinance or governmental requirement of any kind;
or

     (e) any injury or damage to the person, property or business of Tenant, its employees, agents,
contractors, invitees, visitors or any other person entering upon the Premises or the Project under
the express or implied invitation of Tenant except for any injury or damage to persons or property
on the Premises which is proximately caused by or results proximately from the negligence or
deliberate act of Landlord or its employees.

     If any action of proceeding is brought against Landlord or its employees by reason of any
such claim for which Tenant has indemnified Landlord, Tenant, upon notice from Landlord, will
defend the same at Tenant’s expense with counsel reasonably satisfactory to Landlord.

22.2 Waiver and Release. Tenant, as a material part of the consideration to Landlord for
this Lease, by this Section 22.2,waives and releases all claims against Landlord, its employees and
agents with respect to all matters for which Landlord has disclaimed liability pursuant to the
provisions of this Lease. Except for any damage or injury to person or property on the Premises,
which is proximately caused by or results proximately from the negligence or deliberate act of
Landlord or its employee, Tenant covenants and agrees that Landlord and its employees will not at
any time or to any extent whatsoever be liable, responsible, or in any way accountable for any
loss, injury, death or damage (including consequential damages) to persons, property or Tenant’s
business occasioned by any acts or omissions of any other Tenant, occupant or visitor of the
Project, or from any cause, either ordinary or extraordinary, beyond Landlord’s control.

ARTICLE 23. SECURITY DEPOSIT

Tenant has deposited the Security Deposit with Landlord as security for the full, faithful and
timely performance of every provision of the Lease to be performed by Tenant. If Tenant defaults
with respect to any provision of this Lease, including but not limited to the provisions relating
to the payment of Rent, Landlord may use, apply or retain all or any part of the Security Deposit
for the payment of any Rent, or any other sum in default, or for the
payment of any other amount which Landlord may spend or become obligated to spend by reason of
Tenant’s default, or to compensate Landlord for any other loss or damage which Landlord may suffer
by reason of Tenant’s default. If any portion of the Security Deposit is so used, applied, or
retained, Tenant will, within five (5) days after written demand, deposit cash with Landlord in an
amount sufficient to restore the Security Deposit to its original amount. Landlord will not be
required to keep the Security Deposit separate from its general funds and Tenant will not be
entitled to interest on the Security Deposit. The Security Deposit will not be deemed a limitation
on Landlord’s damages or a payment of liquidated damages or a payment of the Monthly Rent due for
the last month of Term. If Tenant fully, faithfully and timely performs every provision of this
Lease to be performed by it, the Security Deposit or any balance of the Security Deposit will be
returned to Tenant within sixty (60) days after the expiration of the term. Landlord may deliver
the funds deposited under this Lease by Tenant to the purchaser of the Building

			
	 	 	 
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in the event the Building is sold, and after such time, Landlord will have no further
liability to Tenant with respect to the Security Deposit.

ARTICLE 24. QUIET ENJOYMENT

Landlord covenants and agrees with Tenant that so long as Tenant pays the Rent, and observes and
performs all the terms, covenants and conditions of this Lease on Tenant’s part to be observed and
performed, Tenant may peacefully and quietly enjoy the Premises subject, nevertheless, to the
terms and conditions of this Lease and Tenant’s possession will not be disturbed by anyone
claiming by, through or under Landlord.

ARTICLE 25. EFFECT OF SALE

A sale, conveyance or assignment of the Building or the Project which includes an assumption of
Landlord’s obligations to Tenant hereunder, will operate to release Landlord from liability from
and after the effective date of such sale, conveyance or assignment upon all of the covenants,
terms and conditions of this Lease, express or implied, except those liabilities which arose prior
to such effective date, and after the effective date of such sale, conveyance or assignment,
Tenant will look solely to Landlord’s successor in interest in and to this Lease. This Lease will
not be affected by any such sale, conveyance or assignment, and Tenant will attorn to Landlord’s
successor in interest to this Lease.

ARTICLE 26. DEFAULT

26.1 Events of Default. The following events are referred to collectively as “Events of
Default,” or individually, as an “Event of Default”:

     (a) Tenant defaults in the due and punctual payment of Rent, and such default continues for
five (5) days after written notice from Landlord; however, Tenant will not be entitled to more than
one (1) notice for monetary defaults during any twelve (12) month period, and if, after such
notice, any Rent is not paid when due, an Event of Default will be considered to have occurred
without further notice.

     (b) Tenant vacates or abandons the Premises;

     (c) This Lease or the Premises or any part of the Premises are taken upon execution or by
other process of law directed against Tenant, or are taken upon subject to any attachment at the
instance for any creditor or claimant against Tenant, and said attachment is not discharged or
disposed of within fifteen (15) days after its levy;

     (d) Tenant files a petition in bankruptcy or insolvency or for reorganization or arrangement
under the bankruptcy law or insolvency act of any-state, or admits the material allegations of any
such petition by answer or otherwise, or is dissolved or makes an assignment for the benefit of
creditors;

     (e) Involuntary proceedings under any such bankruptcy law or insolvency act or for the
dissolution of Tenant are instituted against Tenant, or a receiver or trustee is appointed for all
or substantially all of the property of Tenant, and such proceedings is not dismissed or such
receivership or trusteeship vacated within sixty (60) days after such institution or appointment;

     (f) Tenant fails to take possession of the Premises on the Commencement Date of the Term; or

     (g) Tenant breaches any of the other agreements, terms, covenants or conditions which this
Lease requires Tenant to perform, and such breach continues for a period of thirty (30) days after
written notice from Landlord to Tenant; or if such breach cannot be cured reasonably within such
thirty (30) day period and Tenant fails to commence to cure such breach within thirty (30) days
after notice from Landlord or fails to proceed diligently to cure such breach within a reasonable
time period thereafter.

     26.2 Landlord’s Remedies. If any one or more Events of Default set forth in
Section 26.1 above, occurs, then Landlord has the right, at its election;

     (a) to give Tenant written notice of Landlord’s intention to terminate this Lease on the
earliest date permitted by law or on any later date specified in such notice, in which case
Tenant’s right to possession of the Premises will cease and this Lease will be terminated, except
as to Tenant’s liability, as if the expiration of the term fixed in such notice were the end of the
Term; or

     (b) without further demand or notice, to re-enter and take possession of the Premises or any
part of the Premises, repossess the same, expel Tenant and those claiming through or under Tenant,
and remove the effects of both or either, using such force for such purposes as may be necessary,
without being liable for prosecution, without being deemed guilty of any manner of trespass, and
without prejudice to any remedies for arrears of Monthly Rent or other amounts payable under this
Lease or as a result of any proceeding breach of covenants or conditions; or

     (c) without further demand or notice to cure any Event of Default and to charge Tenant for the
cost of effecting such cure, including, without limitation, attorneys’ fees and interest on the
amount so advanced at the rate set forth in Section 28.21, below, provided that Landlord will have
no obligation to cure any such Event of Default of Tenant. Should Landlord elect to reenter as
provided in subsection (b), above, or should Landlord take possession pursuant to any notice
provided by law, Landlord may from time to time, without terminating this Lease, re-let the Premises
or any part of the Premises in Landlord’s or Tenant’s name, but for the account of Tenant, for such
term or terms (which may be greater or less than the period which would otherwise have constituted
the balance of the Term) and on such conditions and upon such other terms

			
	 	 	 
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(which may include concessions of free rent and alteration and repair of the Premises) as
Landlord, in its sole discretion, may determine and Landlord may collect and receive the Rent.
Landlord will in no way be responsible or liable for any failure to re-let the Premises, or any
part of the Premises, for any failure to collect any Rent due upon such re-letting. No such
re-entry or taking possession of the Premises by Landlord will be construed as an election on
Landlord’s part to terminate this Lease unless a written notice of such intention is given to
Tenant. No notice from Landlord under this Section or under a forcible or unlawful entry and
detainer statute or similar law will constitute an election by Landlord to terminate this Lease
unless such notice specifically so states. Landlord Reserves the right following any such re-entry
or re-letting to exercise its right to terminate this Lease by giving Tenant Such written notice,
in which event this Lease will terminate as specified in such notice.

26.3 Certain Damages. In the event that Landlord does not elect to terminate this Lease as
permitted in Section 26.2(a) above, but on the contrary, elects to take possession as provided in
Section 26.2(b), above, Tenant will pay to Landlord: (i) Monthly Rent and other sums as provided in
this Lease, which would be payable under this Lease if such repossession had not occurred, less;
(ii) the net proceeds, if any, of any re-letting of the Premises after deducting all of Landlord’s
reasonable expenses in connection with such re-letting, including, without limitation, all
repossession costs, brokerage commissions, attorneys’ fees, expenses of employees, alteration and
repair costs and expenses of preparation for such re-letting. If, in connection with any
re-letting, the new lease term extends beyond the existing Term, or the premises covered by such
new lease, include other premises not part of the Premises, a fair apportionment of the rent
received for such re-letting and the expenses incurred in connection with such re-letting as
provided in this Section will be made in determining the net proceeds from such re-letting, and any
rent concessions will be equally apportioned over the term of the new
lease. Tenant will pay such
rent and other sums to Landlord monthly on the day which the Monthly Rent would have been payable
under this Lease if possession had not been retaken and Landlord will be entitled to receive such
rent and other sums from Tenant on each such day.

26.4 Continuing Liability After Termination. If this Lease is terminated on account of the
occurrence of an Event of Default, Tenant will remain liable to Landlord for damages in an amount
equal to Monthly Rent and other amounts which would have been owing by Tenant for the balance of
the Term, had this Lease not been terminated, less the net proceeds, if any, of any re-letting of
the Premises by Landlord subsequent to such termination, after deducting all of Landlord’s expenses
in connection with such re-letting, including, but without limitation, the expenses enumerated in
Section 26.3, above. Landlord will be entitled to collect such damages from Tenant monthly on the
day on which Monthly Rent and other amounts would have been payable under this Lease if this Lease
had not been terminated, and Landlord will be entitled to receive such Monthly Rent and other
amounts from Tenant on each such day. Alternatively, at the option of Landlord, in the event this
Lease is so terminated, Landlord will be entitled to recover against Tenant as damages for losses
of the bargain and not as a penalty:

     (i) the worth at the time of award of the unpaid Rent which had been earned at the
time of termination;

     (ii) the worth at the time of award of the amount by which the unpaid Rent which would have
been earned after termination until the time of award exceeds the amount of such rental loss that
Tenant proves could have been reasonably avoided;

     (iii) the worth at the time of award of the amount by which the unpaid Rent for the balance
of the Term of this Lease (had the same not ben so terminated by Landlord) after the time of award
exceeds the amount of such rental loss that Tenant proves could be reasonably avoided or,

     (iv) any other amount necessary to compensate Landlord for all the detriment proximately
caused by Tenant’s failure to perform its obligations under this Lease or which in the ordinary
course of things would be likely to result therefrom.

     “The worth at the time of award” of the amounts referred to in clauses (i) and (ii), above, is
computed by adding interest at the per annum interest rate described in Section 28.21, below, on
the date on which this Lease is terminated from the date of termination until the time of award.
“The worth at the time of award” of the amount referred to in clause (iii), above, is computed by
discounting such amount at the discount rate of the Federal Reserve Bank of Denver at the time of
award plus one percent (1%).

26.5 Cumulative Remedies. Any suit or suits for recovery of the amounts and damages set
forth in Sections 26.3 and 26.4, above, may be brought by Landlord, from time to time, at Landlord’s
election, and nothing in this Lease will be deemed to require Landlord to await the date upon which
this Lease or the term would have expired had there occurred no Event of Default. Each right and
remedy provided for in this Lease is cumulative and is in addition to every other right or remedy
provided for in this Lease or now or after the Date existing at law or in equity or by statute or otherwise, and the exercise or beginning of the exercise by Landlord
of any one or more of the rights or remedies provided for in this Lease or now or after the Date
existing at law or in equity or by statute or otherwise. The
prevailing party shall be entitled to
recover its attorney’s fees (including those of in-house counsel) and costs whether or not suit is
brought.

26.6 Waiver of Redemption. Tenant waives any right of redemption arising as a result of
Landlord’s exercise of its remedies under this Article 26.

ARTICLE
27. PARKING

See First Addendum

ARTICLE 28. MISCELLANEOUS

28.1 No Offer. This Lease is submitted to Tenant on the understanding that it will not be
considered an offer and will not

			
	 	 	 
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bind Landlord in any way until (a) Tenant has duly executed and delivered duplicate originals to
Landlord and (b) Landlord has executed and delivered one of such originals to Tenant.

28.2 Joint and Several Liability. If Tenant is composed of more than one signatory to this
Lease, each signatory will be jointly and severally liable with each other signatory for payment
and performance according to this Lease. The act of, notice to, notice from, refund to, or
signature of, any signatory to this Lease (including without limitation modifications of this Lease
made by fewer than all such signatories) will bind every other signatory as though every other
signature had so acted, or received or given the notice or refund, or signed.

28.3 No Construction Against Drafting Party. Landlord and Tenant acknowledge that each of
them and their counsel have had an opportunity to review this Lease and that this Lease will not be
construed against Landlord merely because Landlord has prepared it.

28.4 Time of the Essence. Time is of the essence of each and every provision of this Lease.

28.5 No Recordation. Tenant’s recordation of this Lease or any memorandum or short form of
it will be void and a default under this Lease.

28.6 No Waiver. The waiver by either party of any agreement, condition or provision
contained in this Lease will not be deemed to be a waiver of any subsequent breach of the same or
any other agreement, condition or provision contained in this Lease, nor will any custom or
practice which may grow up between the parties in the administration of the terms of this Lease be
construed to waive or to lessen the right of either party to insist upon the performance by the
other party in strict accordance with the terms of this Lease. The subsequent acceptance of Rent by
Landlord will not be deemed to be a waiver of any preceding breach by Tenant of any agreement,
condition, or provision of this Lease, other than the failure of Tenant to pay the particular Rent
so accepted, regardless of Landlord’s knowledge of such preceding breach at the time of acceptance
of such Rent.

28.7 Estoppel Certificate. At any time and from time to time, but within ten (10) days
after prior written request by Landlord, Tenant will execute, acknowledge and deliver to Landlord,
promptly upon request, a certificate certifying (a) that this Lease is unmodified and in full force
and effect or, if there have been modifications, that this Lease is in full force and effect, as
modified, and stating the date and nature of each modification, (b) the date, if any to which rent
and other sums payable under this Lease have been paid, (c) that no notice of any default has been
delivered to Landlord which default has not been cured, except as to defaults specified in said
certificate, and (d) such other matters as may be reasonably requested by Landlord. Any such
certificate may be relied upon by any prospective purchaser or existing or prospective mortgagee or
beneficiary under any deed of trust on the building or any part of the Project. Tenant’s failure to
deliver such a certificate within such time will be conclusive evidence of the matters set forth in
it.

28.8 Waiver of Jury Trial. Landlord and Tenant by this Section 28.8, waive trial by jury
in any action, proceeding or counterclaim brought by either of the parties to this Lease against
the other on any matters whatsoever arising out of or in anyway connected with this Lease, the
relationship of Landlord and Tenant, Tenant’s use of occupancy of the Premises, or any other claims
(except claims for personal injury or property damage), and any emergency statutory or any other
statutory remedy.

28.9 No Merger. The voluntary or other surrender of this Lease by Tenant or the
cancellation of this Lease by mutual agreement of Tenant and Landlord or the termination of this
Lease on account of Tenant’s default will not work a merger, and will, at Landlord’s option, (a)
terminate all or any subleases and subtenancies or (b) operate as an assignment to Landlord of all
or any subleases or subtenancies. Landlord’s option under this Section 28.9 will be exercised by
notice to Tenant and all known sublessees or subtenants in the Premises or any part of the
Premises.

28.10 Holding Over. Tenant will have no right to remain in possession of all or any part of
the Premises after the expiration of the Term. If Tenant remains in possession of all or any part
of the Premises after the expiration of the Term, with the express or implied consent of Landlord:
(a) such tenancy will be deemed to be a periodic tenancy from
month-to-month only; (b) such tenancy
will not constitute a renewal or extension of this Lease for any further term; and (c) such tenancy
may be terminated by Landlord upon the earliest of (i) thirty (30) days’ prior written notice or
(ii) the earliest date permitted by law. In such event, Monthly Rent will be increased to an amount
equal to 125% of the Monthly Rent payable during the last month of the Term, and any other sums due
under this Lease will be payable in the amount and at the times specified in this Lease. Such
month-to-month tenancy will be subject to every other term, condition, and covenant contained in
this Lease.

28.11
Notices. Any notice, request, demand, consent, approval or other communications
required or permitted under this Lease must be in writing and will be deemed to have been given
when personally delivered or deposited in any depository regularly maintained by the United States Postal Service, postage prepaid, certified mail, return
receipt requested, addressed to the party for whom it is intended at its address set forth in
Article 1, above. Either Landlord or Tenant may add additional addresses or change its address for
purposes of receipt of any such communication by giving ten (10) days’ prior written notice of such
change to the other party in the manner prescribed in this Section 28.11.

28.12
Severability. If any provision of this Lease proves to be illegal, invalid or
unenforceable, the remainder of this Lease will not be affected by such finding, and in lieu of
each provision of this Lease that is illegal, invalid or unenforceable, a provision will be added
as a part of this Lease as similar in terms to such illegal, invalid or unenforceable provision as
may be possible and be legal, valid and enforceable.

28.13 Written Amendment Required. No amendment, alteration, modification of or addition to
the Lease will be valid or binding unless expressed in writing and signed by Landlord and Tenant.
Tenant agrees to make any modifications of the terms and provisions of this Lease required or
requested by any lending institution providing financing for the Building, or

			
	 	 	 
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Project, as the case may be, provided: that no such modifications will materially adversely affect
Tenant’s rights and obligations under this Lease.

28.14 Entire Agreement. This Lease, the Exhibits and Addenda, if any, contain the entire
agreement between Landlord and Tenant. No promises or representations, except as contained in
this Lease, have been made to Tenant respecting the condition or the manner of operating the
Premises, the Building, or the Project.

28.15 Captions. The captions of the various Articles and Sections of this Lease are for
convenience only and do not necessarily define, limit, describe or construe the contents of such
Articles or Sections.

28.16 Notice of Landlord’s Default. In the event of any alleged default in the obligation
of Landlord under this Lease, Tenant will deliver to Landlord written notice listing the reasons
for Landlord’s default and Landlord will have thirty (30)days following receipt of such notice to
cure such alleged default or, in the event the alleged default cannot reasonably be cured within a
thirty (30) day period, to commence action and proceed diligently to cure such alleged default. A
copy of such notice to Landlord will be sent to any holder of a mortgage or other encumbrances on
the Building or Project of which Tenant has been notified in writing, and any such holder will also
have the same time periods to cure such alleged default.

28.17 Authority. Tenant and the party executing this Lease on behalf of Tenant represent
to Landlord that such party is authorized to do so by requisite action of the Board of Directors,
or partners, as the case may be, and agree upon request to deliver to Landlord a resolution or
similar document to that effect.

28.18 Brokers. Landlord and Tenant respectively represent and warrant to each other that
neither of them has consulted or negotiated with any broker or finder with regard to the Premises
except the Broker names in Article 1, above, of any, (the “Broker”). Each of them will indemnify
the other against and hold the other harmless from any claims for fees or commissions from anyone
with whom either of them has consulted or negotiated with regard to the Premises except the Broker.
Landlord will pay any fees or commission due the Broker.

28.19
Governing Law. This Lease will be governed by and construed pursuant to the laws of
the State in which the Project is located.

28.20
Force Majeure. Landlord will have no liability to Tenant nor will Tenant have any
right to terminate this Lease or abate Rent or assert a claim of partial or total actual or
constructive eviction, because of Landlord’s failure to perform any of its obligations in the Lease
if the failure is due to reasons beyond Landlord’s reasonable control, including without
limitation, strikes or other labor difficulties, inability to obtain necessary governmental permits
and approvals (including scarcity of materials, war, riot, civil insurrection, accidents, acts of
God and governmental preemption in connection with a national emergency.

28.21 Late Payments. Any payment of Rent, including Monthly Rent, which is not received
within ten (10) days after it is due will be subject to a late charge equal to five percent (5%) of
the unpaid payment, or $100.00, whichever is greater. This amount is in compensation of Landlord’s
additional cost of processing late payments. In addition, any Rent which is not paid when due,
including Monthly Rent, will accrue interest at a late rate charge of the Prime Rate plus five
percent (5%) per annum (but in no event in an amount in excess of the maximum rate allowed by
applicable law) from the date on which it was due until the date on which it is paid in full with
accrued interest.

28.22
No Easements for Air or Light. Any diminution or shutting off of light, air or view
by any structure which may be erected on lands adjacent to the Building will in no way affect this
Lease or impose any liability on Landlord.

28.23 Tax Credits. Landlord is entitled to claim all tax credits and depreciation
attributable to leasehold improvements in the Premises. Promptly after Landlord’s demand, Landlord
and Tenant will prepare a detailed list of the leasehold improvements and fixtures and their
respective costs for which Landlord or Tenant has paid. Landlord will designate those items for
which Landlord will claim tax credits and depreciation; Tenant will be entitled to any remaining
tax credits and depreciation for leasehold improvements not designated by Landlord.

			
	 	 	 
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28.24
Financial Reports. Within fifteen (15) days after Landlord’s request, Tenant will
furnish Tenant’s most recent audited financial statements (including any notes to them) to
Landlord, or, if no such audited statements have been prepared, such other financial statements
(and notes to them) as may have been prepared by an independent certified public accountant, or,
failing those, Tenant’s internally prepared financial statements. Tenant will discuss its financial
statements with Landlord. Landlord will not disclose any aspect of Tenant’s financial statements
which Tenant designates to Landlord as confidential except (a) to Landlord’s lenders or prospective
purchasers of the Project, (b) in litigation between Landlord and Tenant, and (c) if required by
court order.

28.25 Landlord’s Fees. Whenever Tenant requests Landlord, in writing, to take any action
or give any consent required or permitted under this Lease, Tenant will reimburse Landlord for
all of Landlord’s reasonable costs incurred in reviewing the proposed action or consent,
including, without limitation, reasonable attorneys’, engineers, or architects’ fees, within
ten (10) days after Landlord’s delivery to Tenant of a statement of such costs. Tenant will be
obligated to make such reimbursement without regard to whether Landlord consents to any such
proposed action.

28.26 Binding Effect. The covenants, conditions and agreements contained in this Lease
will bind and inure to the benefit of Landlord and Tenant and their respective heirs,
distributes, executors, administrators, successors, and except as otherwise provided in this
Lease, their assigns.

SIGNATURES
ON THE FOLLOWING PAGE

Landlord’s Initials

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	LANDLORD:

	 	J. L. Bates, LLC,	 	 
	 

	 	An Arizona Limited Liability Company	 	 
	 
	 	 	 	 
	 

	 	/s/ James Bates	 	 
	 

	 	 	 	 
	 

	 	BY: James Bates	 	 
	 

	 	ITS: Manager	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	TENANT:

	 	Go Daddy Software, Inc.	 	 
	 

	 	An Arizona Company	 	 
	 
	 	 	 	 
	 

	 	/s/ Robert Parson	 	 
	 

	 	 	 	 
	 

	 	BY: Robert Parsons	 	 
	 

	 	ITS: President	 	 

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FIRST ADDENDUM TO OFFICE LEASE

          THIS FIRST ADDENDUM TO OFFICE LEASE is made and entered into this 23rd day
of November, 2004, by and between J.L. Bates, L.L.C. (“Landlord”) and Go Daddy Software, Inc.
(“Tenant”) concerning 39,378 square feet on the second floor of the Office Building located at 2299
W. Obispo Avenue, Gilbert, Arizona. Unless otherwise set forth herein, all capitalized terms used
herein shall have the same meaning as set forth in the Office Lease. For purposes of the First
Addendum, the term “Premises” shall mean 12,308 square feet. The terms “First Additional Space” and
“Second Additional Space” shall have the meanings set forth in Sections 6 and 7 hereof,
respectively.

          1. Early Possession Date. Tenant shall take possession of the
Premises within fifteen (15) days after Landlord delivers written notice to Tenant that the tenant
improvements have been substantially completed and the Premises is ready for occupancy (the “Early
Possession Date”). Upon taking possession, Tenant shall sign an acknowledgment, in the form
attached hereto as Exhibit “A”, acknowledging the Early Possession Date, Commencement Date and
Termination Date.

          2.
Commencement Date. Tenant’s obligation to pay Monthly Rent shall begin
ninety (90) days after the Early Possession Date (the “Commencement Date”).

          3. Term. The term of the Lease shall be four (4) years and three (3)months, beginning
on the Early Possession Date and ending on the four year anniversary
of the first full month after
the Commencement Date (the “Expiation Date”).

          4.
Current Rate. The Monthly Rent shall be due beginning on the Commencement Date, and on the first day of every month thereafter, at the rates set forth on
Exhibit

 

 

“B”, attached hereto. Monthly Rent due for any partial month shall be calculated on the basis of a
thirty (30) day calendar month. The Monthly Rent that is due in any particular month during the
Term shall be referred to as the “Current Rate”.

          5.
Additional Rent. In addition to the Monthly Rent, as set forth on Exhibit “B”,
Tenant agrees to pay the following as Additional Rent: (i) all
rent tax, electricity, janitorial and
telephone charges for the Premises,  First Additional Space and Second
Additional Space; (ii) any
Overage Amount,  as set forth in Section 8 below; and
(iii) a portion of the total Operating Expenses
for the Office Building that exceeds the total Operating Expenses of the Office Building for the
base year (the “Additional Costs”),  but not to exceed five percent (5%) in any calendar year. The
base year is 2005. When the Tenant is occupying only the Premises,
Tenant’s proportionate share of
the Additional Costs is 6.82%; when Tenant is occupying the Premise
and the First Additional Space,
Tenant’s proportionate share of the Additional Costs is 14.32%; when Tenant is occupying the
Premises,  First Additional Space and Second Additional Space,  Tenant’s proportionate share of the
Additional Costs is 21.83%. All of these charges (collectively the “Additional Rent”) shall be
due on a monthly basis and shall be paid to Landlord with the Monthly Rent.

          6. First Additional Space. Subject to Landlord’s approval,  as set forth
in Section 9 below,  on or before three (3) months following the Commencement Date,  Tenant shall
pay for an additional thirteen thousand five hundred thirty five (13,535) square feet on the second
floor of the Property (the “First Additional Space”),  at the Current Rates set forth on Exhibit “B”.
Tenant shall have the right to early possession,  in which event Tenant shall pay Monthly Rent at the
Current Rate.

2

 

          7.
Second Additional Space. Subject to Landlord’s approval, as set forth in Section 9
below, on or before nine (9) months following the Commencement
Date, Tenant shall pay for an
additional thirteen thousand five hundred thirty five (13,535) square
feet on the second floor of
the Property (the “Second Additional Space”), at the
Current Rates set forth on Exhibit “B”. Tenant
shall have the right to early possession, in which event Tenant shall pay Monthly Rent at
the Current Rate.

          8.
Tenants Improvement Allowance. Landlord agrees to pay no more than twenty five
dollars ($25.00) per rentable square foot for tenant improvements in
the Premises, First Additional
Space and Second Additional Space, for a total improvement allowance
based on 39,378 square feet,
which, at $25,00 per square foot, shall be equal to a total tenant
improvement allowance of
$984.450.00 (the “Total Improvement Allowance”). In the
event the tenant improvements for the
Premises, First Additional Space or the Second Additional Space
exceed the Total Improvement
Allowance, Landlord will advance the costs for such improvements, but
in no event in an amount
greater than $30.00 per square foot (the “Overage Amount”).
The Overage Amount will be due from
Tenant and paid, at the election of Tenant: (i) within thirty
(30) days after notice from Landlord
of the Overage Amount, or (ii) by Landlord amortizing the
Overage Amount over the remaining term of
the Lease, plus 8%, and be payable monthly by Tenant with the Monthly Rent. The cost of any tenant
improvements that exceeds $30.00 per square foot shall be the sole responsibility of the Tenant. Any
unused portion of the Total Improvement Allowance shall be credited to Tenant in the from of rent
abatement, based on the following schedule: twenty five percent (25%) of the unused portion of the
Total Improvement Allowance shall be credited to Tenant on the one, two, three and four year
anniversary of the Commencement Date, respectively.

3

 

          Any improvements made to the Premises, First Additional Space or Second Additional Space that
are required by law, statute, ordinance or governmental rule or regulation shall not be deducted
from Tenant’s Total Improvement Allowance. This includes, but is not limited to, expansion of
common area bathrooms and installation of additional stairwells or staircases.

          9.
Landlord’s Approval. Prior to Landlord approving any tenant improvements in
the Premises, First Additional Space or Second Additional Space,
Tenant shall deliver to Landlord
copies of all of its current financial statements including, but not
limited to, its balance sheet,
income statement and any interim financial statements, including year
to date totals, and prior
years’ audited financial statements (collectively
“Financial Statements”). In addition, during the
term of this Office Lease, Tenant shall deliver to Landlord, at
Landlord’s request, copies of the
Financial Statements. Tenant shall not be required to deliver
Financial Statements to Landlord more
than four (4) times in any calendar year.

          10.
Payment To Broker. The total real estate commission due by Landlord to the
Broker is 7.5% of the total Base Rent. One-Half (1/2) of the
commission will be due upon execution.
The balance of the commission due for the Premises and the First
Additional Space and Second
Additional Space shall be due on the Early Possession Date.

          11.
Parking. Landlord shall provide Tenant an overall parking ratio of no less
than 6.25 parking spaces per 1,000 square feet of occupancy during
the term of the Lease and any
lease extension. Fifteen (15) of the spaces shall be marked as
reserved and within close proximity
to the entrance of the Premises.

          12.
Option to Renew. Tenant shall have one (1) three (3) year option to renew at
the following rates:

          Year 5:           $ 1.15 per square foot

4

 

Year 6:            $1.18 per square foot

Year 7:            $1.21 per square foot

          In order to exercise this option, Tenant must provide written notice to Landlord no earlier
than one year and no later than 180 days prior to the expiration of the Term.

          13. Additional Services.

               A. Backup
Power. Landlord will provide to Tenant, at no additional charge,
redundant power. Tenant shall have use of excess existing UPS
service. Tenant, at its own cost and
expense, shall have the right to install an additional UPS system in
the current UPS room, and
Tenant shall have the right to remove the system within thirty (30) days after expiration of
the Term.

               B. Common
Areas and Shared Facilities. During the term of the Lease, or any
extension thereof, Tenant shall have the right to use the common area
conference room on the second
floor adjacent to the Premises and the common area cafeteria/break room.

          14.
Tenant Representation and Warranty. Tenant represents and warrants that all of
its furniture, fixtures and equipment within the Premises, First
Additional Space and Second
Additional Space will, at all times during the term of this Lease, be
owned free and clear and not
be subject to any security agreement, financing statement and will not be pledged as security
for any purpose.

SIGNATURES ON THE FOLLOWING PAGE

5

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	LANDLORD:	 	 	 	 	 	TENANT:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	J.L. Bates, L.L.C.	 	 	 	Go Daddy Software Inc.	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ [ILLEGIBLE]	 	 	 	By:	 	/s/ Robert Parsons	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Its:
	 	MANAGER	 	 	 	 	 	Its:
	 	President	 	 
	 

	 	 	 	 
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Grubb & Ellis/BRE Commercial, LLC	 	 	 	CB Richard Ellis	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ [ILLEGIBLE]	 	 	 	By:	 	/s/ [ILLEGIBLE]	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Its:
	 	Senior Associate	 	 	 	 	 	Its:	 	Vice President/Agent	 	 
	 

	 	 	 	 
	 	 	 	 	 	 	 	 	 	 

EXHIBITS:

EXHIBIT “A”: Acknowledgement

EXHIBIT “B”: Schedule of Payments

6

 

EXHIBIT “A”

ACKNOWLEDGEMENT

          Go Daddy Software, Inc., Lessee, acknowledges taking possession of the
premises located at 2299 W. Obispo Avenue in Gilbert, Arizona on the
______ day
of ______ , 200_  (the “Early Possession Date”).

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	LESSEE:	 	 	 	 
	 
	 	 	 	 	 	 
	Go Daddy Software, Inc.	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:	 	 	 	 
	 

	 	 	 	 	 	 

7

 

EXHIBIT “B”

 

 

SCHEDULE OF PAYMENTS 
Go Daddy
Software, Inc.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	PHASE 1	 	 	PHASE 2	 	 	PHASE 3	 	 	 	 
	 	 	12,308 sq ft	 	 	13,535 sq ft	 	 	13,535 sq ft	 	 	MONTHLY	 
	MONTH #	 	Rate	 	 	Amount	 	 	Rate	 	 	Amount	 	 	Rate	 	 	Amount	 	 	AMOUNT	 
	Month 1
	 	 	0	 	 	$	0.00	 	 	 	0	 	 	$	0.00	 	 	 	0	 	 	$	0.00	 	 	$	0.00	 
	Month 2
	 	 	0	 	 	$	0.00	 	 	 	0	 	 	$	0.00	 	 	 	0	 	 	$	0.00	 	 	$	0.00	 
	Month 3
	 	 	0	 	 	$	0.00	 	 	 	0	 	 	$	0.00	 	 	 	0	 	 	$	0.00	 	 	$	0.00	 
	Month 4
	 	 	1.03	 	 	$	12,677.24	 	 	 	0	 	 	$	0.00	 	 	 	0	 	 	$	0.00	 	 	$	12,677.24	 
	Month 5
	 	 	1.03	 	 	$	12,677.24	 	 	 	0	 	 	$	0.00	 	 	 	0	 	 	$	0.00	 	 	$	12,677.24	 
	Month 6
	 	 	1.03	 	 	$	12,677.24	 	 	 	0	 	 	$	0.00	 	 	 	0	 	 	$	0.00	 	 	$	12,677.24	 
	Month 7
	 	 	1.03	 	 	$	12,677.24	 	 	 	1.03	 	 	$	13,941.05	 	 	 	0	 	 	$	0.00	 	 	$	26,618.29	 
	Month 8
	 	 	1.03	 	 	$	12,677.24	 	 	 	1.03	 	 	$	13,941.05	 	 	 	0	 	 	$	0.00	 	 	$	26,618.29	 
	Month 9
	 	 	1.03	 	 	$	12,677.24	 	 	 	1.03	 	 	$	13,941.05	 	 	 	0	 	 	$	0.00	 	 	$	26,618.29	 
	Month 10
	 	 	1.03	 	 	$	12,677.24	 	 	 	1.03	 	 	$	13,941.05	 	 	 	0	 	 	$	0.00	 	 	$	26.618.29	 
	Month 11
	 	 	1.03	 	 	$	12,677.24	 	 	 	1.03	 	 	$	13,941.05	 	 	 	0	 	 	$	0.00	 	 	$	26,618.29	 
	Month 12
	 	 	1.03	 	 	$	12,677.24	 	 	 	1.03	 	 	$	13,941.05	 	 	 	0	 	 	$	0.00	 	 	$	26,618.29	 
	Month 13
	 	 	1.03	 	 	$	12,677.24	 	 	 	1.03	 	 	$	13,941.05	 	 	 	1.03	 	 	$	13,941.05	 	 	$	40,559.34	 
	Month 14
	 	 	1.03	 	 	$	12,677.24	 	 	 	1.03	 	 	$	13,941.05	 	 	 	1.03	 	 	$	13,941.05	 	 	$	40,559.34	 
	Month 15
	 	 	1.03	 	 	$	12,677.24	 	 	 	1.03	 	 	$	13,941.05	 	 	 	1.03	 	 	$	13,941.05	 	 	$	40,559.34	 
	Month 16
	 	 	1.06	 	 	$	13,046.48	 	 	 	1.06	 	 	$	14,347.10	 	 	 	1.06	 	 	$	14,347.10	 	 	$	41,740.68	 
	Month 17
	 	 	1.06	 	 	$	13,046.48	 	 	 	1.06	 	 	$	14,347.10	 	 	 	1.06	 	 	$	14,347.10	 	 	$	41,740.68	 
	Month 18
	 	 	1.06	 	 	$	13,046.48	 	 	 	1.06	 	 	$	14,347.10	 	 	 	1.06	 	 	$	14,347.10	 	 	$	41,740.68	 
	Month 19
	 	 	1.06	 	 	$	13,046.48	 	 	 	1.06	 	 	$	14,347.10	 	 	 	1.06	 	 	$	14,347.10	 	 	$	41,740.68	 
	Month 20
	 	 	1.06	 	 	$	13,046.48	 	 	 	1.06	 	 	$	14,347.10	 	 	 	1.06	 	 	$	14,347.10	 	 	$	41,740.68	 
	Month 21
	 	 	1.06	 	 	$	13,046.48	 	 	 	1.06	 	 	$	14,347.10	 	 	 	1.06	 	 	$	14,347.10	 	 	$	41,740.68	 
	Month 22
	 	 	1.06	 	 	$	13,046.48	 	 	 	1.06	 	 	$	14,347.10	 	 	 	1.06	 	 	$	14,347.10	 	 	$	41,740.68	 
	Month 23
	 	 	1.06	 	 	$	13,046.48	 	 	 	1.06	 	 	$	14,347.10	 	 	 	1.06	 	 	$	14,347.10	 	 	$	41,740.68	 
	Month 24
	 	 	1.06	 	 	$	13,046.48	 	 	 	1.06	 	 	$	14,347.10	 	 	 	1.06	 	 	$	14,347.10	 	 	$	41,740.68	 
	Month 25
	 	 	1.06	 	 	$	13,046.48	 	 	 	1.06	 	 	$	14,347.10	 	 	 	1.06	 	 	$	14,347.10	 	 	$	41,740.68	 
	Month 26
	 	 	1.06	 	 	$	13,046.48	 	 	 	1.06	 	 	$	14,347.10	 	 	 	1.06	 	 	$	14,347.10	 	 	$	41,740.68	 
	Month 27
	 	 	1.06	 	 	$	13,046.48	 	 	 	1.06	 	 	$	14,347.10	 	 	 	1.06	 	 	$	14,347.10	 	 	$	41,740,68	 
	Month 28
	 	 	1.09	 	 	$	13,415.72	 	 	 	1.09	 	 	$	14,753.15	 	 	 	1.09	 	 	$	14,753.15	 	 	$	42,922.02	 
	Month 29
	 	 	1.09	 	 	$	13,415.72	 	 	 	1.09	 	 	$	14,753.15	 	 	 	1.09	 	 	$	14,753.15	 	 	$	42,922.02	 
	Month 30
	 	 	1.09	 	 	$	13,415.72	 	 	 	1.09	 	 	$	14,753.15	 	 	 	1.09	 	 	$	14,753.15	 	 	$	42,922.02	 
	Month 31
	 	 	1.09	 	 	$	13,415.72	 	 	 	1.09	 	 	$	14,753.15	 	 	 	1.09	 	 	$	14,753.15	 	 	$	42,922.02	 
	Month 32
	 	 	1.09	 	 	$	13,415.72	 	 	 	1.09	 	 	$	14,753.15	 	 	 	1.09	 	 	$	14,753.15	 	 	$	42,922.02	 
	Month 33
	 	 	1.09	 	 	$	13,415.72	 	 	 	1.09	 	 	$	14,753.15	 	 	 	1.09	 	 	$	14,753.15	 	 	$	42,922.02	 
	Month 34
	 	 	1.09	 	 	$	13,415.72	 	 	 	1.09	 	 	$	14,753.15	 	 	 	1.09	 	 	$	14,753.15	 	 	$	42,922.02	 
	Month 35
	 	 	1.09	 	 	$	13,415.72	 	 	 	1.09	 	 	$	14,753.15	 	 	 	1.09	 	 	$	14,753.15	 	 	$	42,922.02	 
	Month 36
	 	 	1.09	 	 	$	13,415.72	 	 	 	1.09	 	 	$	14.753.15	 	 	 	1.09	 	 	$	14,753.15	 	 	$	42,922.02	 
	Month 37
	 	 	1.09	 	 	$	13,415.72	 	 	 	1.09	 	 	$	14,753.15	 	 	 	1.09	 	 	$	14,753.15	 	 	$	42,922.02	 
	Month 38
	 	 	1.09	 	 	$	13,415.72	 	 	 	1.09	 	 	$	14,753.15	 	 	 	1.09	 	 	$	14,753.15	 	 	$	42,922.02	 
	Month 39
	 	 	1.09	 	 	$	13,415.72	 	 	 	1.09	 	 	$	14,753.15	 	 	 	1.09	 	 	$	14,753.15	 	 	$	42,922.02	 
	Month 40
	 	 	1.12	 	 	$	13,784.96	 	 	 	1.12	 	 	$	15,159.20	 	 	 	1.12	 	 	$	15,159.20	 	 	$	44,103.36	 
	Month 41
	 	 	1.12	 	 	$	13,784.96	 	 	 	1.12	 	 	$	15,159.20	 	 	 	1.12	 	 	$	15,159.20	 	 	$	44,103.36	 
	Month 42
	 	 	1.12	 	 	$	13,784,96	 	 	 	1.12	 	 	$	15,159.20	 	 	 	1.12	 	 	$	15,159.20	 	 	$	44,103.36	 
	Month 43
	 	 	1.12	 	 	$	13,784.96	 	 	 	1.12	 	 	$	15,159.20	 	 	 	1.12	 	 	$	15,159.20	 	 	$	44,103.36	 
	Month 44
	 	 	1.12	 	 	$	13,784.96	 	 	 	1.12	 	 	$	15,159.20	 	 	 	1.12	 	 	$	15,159.20	 	 	$	44,103.36	 
	Month 45
	 	 	1.12	 	 	$	13,784.96	 	 	 	1.12	 	 	$	15,159.20	 	 	 	1.12	 	 	$	15,159.20	 	 	$	44,103.36	 
	Month 46
	 	 	1.12	 	 	$	13,784.96	 	 	 	1.12	 	 	$	15,159.20	 	 	 	1.12	 	 	$	15,159.20	 	 	$	44,103.36	 
	Month 47
	 	 	1.12	 	 	$	13,784.96	 	 	 	1.12	 	 	$	15,159.20	 	 	 	1.12	 	 	$	15,159.20	 	 	$	44,103.36	 
	Month 48
	 	 	1.12	 	 	$	13,784.96	 	 	 	1.12	 	 	$	15,159.20	 	 	 	1.12	 	 	$	15,159.20	 	 	$	44,103.36	 
	Month 49
	 	 	1.12	 	 	$	13,784.96	 	 	 	1.12	 	 	$	15,159.20	 	 	 	1.12	 	 	$	15,159.20	 	 	$	44,103.36	 
	Month 50
	 	 	1.12	 	 	$	13,784.96	 	 	 	1.12	 	 	$	15,159.20	 	 	 	1.12	 	 	$	15,159.20	 	 	$	44,103.36	 
	Month 51
	 	 	1.12	 	 	$	13,784.96	 	 	 	1.12	 	 	$	15,159.20	 	 	 	1.12	 	 	$	15,159.20	 	 	$	44,103.36	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	GRAND
TOTAL
	 	 	 	 	 	$	635,092.80	 	 	 	 	 	 	$	656,582.85	 	 	 	 	 	 	$	572,936.55	 	 	$	1,864,612.20	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Page 1 of 1

 

 

SECOND ADDENDUM TO OFFICE LEASE

          THIS
SECOND ADDENDUM TO OFFICE LEASE (“Second Addendum”) is made and entered into this
10
th day of March, 2006, by and between J.L. Bates, L.L.C. (“Landlord”) and
GoDaddy.com, Inc., as successor in interest to Go Daddy Software. Inc. (“Tenant”) concerning 10,642
square feet on the first floor (the “Additional Premises”) of the Building located at 2299 W.
Obispo Avenue in Gilbert, Arizona (the “Building”). Unless otherwise set forth herein, all
capitalized terms used herein shall have the same meaning as set
forth in the Office Lease and First Addendum.

RECITALS:

          WHEREAS, on November 22, 2004, Landlord and Tenant entered into an Office Lease (the
“Lease”) concerning 39,378 square feet on the second floor of the Building (the “Original
Premises”); and

          WHEREAS,
on November 23, 2004, Landlord and Tenant executed the First Addendum to Office
Lease (“First Addendum”); and

          WHEREAS, Tenant desires to lease the Additional Premises (10,642 square feet); and

          WHEREAS,
Tenant desires additional parking spaces at the Building; and

          WHEREAS,
Landlord is willing to lease additional parking spaces to the Tenant, subject to the
Landlord’s right to cancel Tenant’s parking privileges for
the additional parking spaces, as set
forth below; and

          WHEREAS,
in order to satisfy the Tenant’s parking requirement, Landlord will
be required to construct additional parking at the Building,

 

 

          NOW
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, Landlord and Tenant agree as follows:

          1.
Recitals. The Recitals set forth above are incorporated
herein by this reference.

          2.
Revised Commencement Date. Tenant shall take possession of the Additional Premises
within five (5) days after Landlord and Tenant mutually determine in good faith that the tenant
improvements have been substantially completed and the Additional Premises is ready for occupancy,
but in no event later than five (5) days after the Certificate of Occupancy for the Additional
Premises is received by Landlord (the “Revised Commencement Date”). Upon taking possession, Tenant
shall sign an acknowledgment, in the form attached hereto as Exhibit “A”, acknowledging the Revised
Commencement Date.

          3.
Term. The term for the Additional Premises shall be forty eight (48) months, beginning on the first day of the first full month after the Revised Commencement
Date and ending on the last day of the forty eighth (48 th) month after the Revised
Commencement Date (“Revised Expiration Date”); provided,
however, in no event shall the Revised
Commencement Date be earlier than May 31, 2010. The term for the Original Premises is extended to
the Revised Expiration Date. The Monthly Base Rent, Parking Expense and Additional Rent for a
partial month shall be paid on a pro rata basis, based on the number of day in the month Tenant is
occupying the Additional Premises.

          4.Monthly Base Rent. The Monthly Base Rent for the Additional Premises shall be
payable at the same rate as the Original Premises. The Monthly Base Rent for the Original Premises
shall be $1.15 per month per square foot for the final year. Attached

2

 

hereto as Exhibit “B” is a revised Monthly Base Rent Schedule through the Revised Expiration
Date for both the Original Premises and the Additional Premises.

          5. Parking.

               (a) Landlord
shall provide to Tenant 287 parking spaces (the
“Base Parking Spaces”) during the term of the Lease and any extension, representing 246
parking spaces for the Original Premises and 41 parking spaces for the Additional Premises;

               (b) In addition to the Base Parking Spaces, beginning on the day
following the completion of the Additional Parking and through the Revised Expiration Date,
and during any extension of the Lease, Tenant shall lease an additional 170 parking spaces (the
“Additional Parking”) at the rate of $4,675.00 per month (the “Parking Expense”), subject to
Landlord’s right to cancel some or all of the Additional Parking. In the event the Landlord elects
to cancel some or all of the Additional Parking, Landlord shall give Tenant a written notice (the
“Recapture Notice”) stating the number of parking spaces that are subject to the Recapture Notice
(the “Recaptured Parking”). The Recapture Notice shall be
effective ninety (90) days after the
date of the Recapture Notice. Landlord shall not be limited in the number of Cancellation Notices
it may deliver to the Tenant, but in no event may the total Recaptured Parking exceed the
Additional Parking. In the event the Recaptured Parking, or any
portion thereof, is no longer
needed by Landlord, it shall be made available to the Tenant, at the rate of $27.50 per month
per parking space. In the event the Recaptured Parking, or any portion thereof, is no longer
needed by Landlord, it shall be re-leased by Tenant, if Tenant elects, at the rate of $27.50 per
month per space up to, but not including, the effective date of each Cancellation Notice. Landlord
shall give Tenant no less than thirty (30) day’s prior written notice when the Recaptured Parking,
or any portion thereof, will be available to Tenant. The Parking

3

 

Expense shall be payable by the Tenant to the Landlord with the Monthly Base Rent and
Additional Rent. Landlord and Tenant agree that no commissions to any Broker will be due for the
Parking Expense set forth herein.

                    (c) Landlord shall commence with construction of the Additional Parking
within ten (10) days of the full execution of this Second Addendum.

          6.
Additional Rent. In addition to the Monthly Rent, as set
forth on. Exhibit “B” and the Parking Expense, Tenant agrees to pay the following as Additional Rent: (i)
all rent tax ; (ii) all electricity and water charges and expenses directly associated with
Tenant’s occupancy of the Additional Premises and the Original Premises (the “Agreed Expenses”);
(iii) an excise fee equal to four percent (4%) of the Agreed
Expenses; (iv) a management fee equal
to four percent (4%) of the Monthly Base Rent for the Additional Premises, (v) any Overage
Amount, as set forth in Section 7 below; and (vi) a portion of Landlord’s Operating Expenses for
the Building, as set forth in subsection (b) below. The Agreed Expenses shall equal to amount
obtained by, using the applicable month from 2002, (x) subtracting the 2002 applicable month’s
kilowatt hours or gallons, as applicable, used from the current month’s kilowatt hours or gallons
used, (y) dividing the difference by the current month’s
kilowatt hours or gallons used, and (z)
multiplying that fraction by the total bill for the current month that exceeds the total Operating
Expenses of the Building for the base year (the “Additional Costs”). The “Additional Rent” shall be
due on a monthly basis and shall be paid to Landlord with the Monthly Base Rent and Parking
Expense.

     (b) Except as set forth in this Section 6, in connection with the Original Premises and the
Additional Premises, Tenant agrees to pay 27.18% of Landlord’s
Operating Expenses over the base
year expenses, using 2005 as the base year. For purposes of this subsection (b),

4

 

Landlord’s Operating Expenses shall include all expenses associated with the operation of the
Building, but not include the Agreed Expenses or the management fee
set forth in subsection (a)
above.

     (c) Notwithstanding
anything to the contrary in this Addendum, the Lease or the First Addendum,
in the event that Tenant’s Agreed Expenses increase by more than
five percent (5%) from the previous
month and an additional tenant has either begun occupancy or
increased occupancy in the Building,
then Tenant shall have the right to require that Landlord bills
such additional tenant for the
increase (the “New Tenant Cost”). Tenant shall have no
obligation to pay the New Tenant Cost to
Landlord. The New Tenant Cost shall be calculated by
(i) obtaining the average of the same expense
or charge from, as applicable, either the previous three (3) months
or, if after December 31, 2007,
then the previous six (6) months (the “Old Cost”) and
(ii) subtracting that average from the current
month’s charge. The difference shall be the New Tenant Cost. Such additional tenant shall continue
to pay the New Tenant Cost until the increase between the Old Cost and
the New Tenant Cost is less
than five percent (5%).

     (d) Currently,
Landlord is responsible for trash removal, which occurs two (2) times per week.
In the event that trash accumulation requires Landlord to increase removal to three
(3) times per week, then Tenant shall be responsible for the additional costs associated solely
with the additional removal per week, provided such costs are disclosed and approved by Tenant,
in Tenant’s reasonable discretion. In the event an additional
tenant has either begun occupancy
or increased occupancy in the Building, then Tenant and such additional tenant shall ratably
share the additional trash removal costs, in accordance with the total square footage of their
premises.

          7.
Tenant’s Improvement Allowance. Landlord agrees to pay no more than
twenty five dollars ($25.00) per rentable square foot for tenant improvements in the

5

 

Additional
Premises, for a total improvement allowance of $266,050.00 (the
“Additional Total
Improvement Allowance”). In the event the tenant improvements for the Additional Premises exceed
the Additional Total Improvement Allowance, Landlord will advance the costs for such
improvements, but in no event in an amount greater than a total of
$30.00 per square foot (the
“Overage Amount”). The Overage Amount will be due from Tenant and paid, at the election of
Tenant: (i) within thirty (30) days after notice from Landlord of the Overage Amount, or (ii) by
Landlord amortizing the Overage Amount over the remaining term of the Lease, plus 8%, and be
payable monthly by Tenant with the Monthly Rent. The cost of any tenant improvements that exceeds a
total of $30.00 per square foot shall be the sole
responsibility of the Tenant. Any unused portion
of the Additional Total Improvement Allowance shall be credited to Tenant in the from of rent
abatement, based on the following schedule: twenty five percent (25%)
of the unused portion of the
Additional Total Improvement Allowance shall be credited to Tenant on the one, two, three and four
year anniversary of the Revised Commencement Date, respectively.

          8.
Second Floor Bathrooms. Notwithstanding anything to the contrary in this
Second Addendum, the Lease or the First Addendum, Tenant shall be responsible for the cleaning and
stocking of the one (1) men’s and one (1) women’s bathrooms located on the second floor of the
Building and located outside of the Original Premises. In the event that Tenant’s costs increase
by more than five percent (5%) and an additional tenant has either begun occupancy or
increased occupancy, then the calculations contained in Section 6(c) shall be used to calculate
such tenant’s costs, as set forth in Section 6(c).

          9.
Option to Renew. Tenant shall have one (1) three (3) year option to renew at the
following rates:

          June 1,
2010:                    
$1.18 per square foot per month ($59,023.60)

6

 

          June 1,
2011:                     
$1.21 per square foot per month ($60,524.20)

          June 1,
2012:                    
$1.24 per square foot per month ($62,024.80)

          In order to exercise this option, Tenant must provide written notice to Landlord no
earlier than one year and no later than 180 days prior to the Revised
Expiration Date. This
option shall apply only if Tenant exercises its right renew for both the Original
Premises and Additional Premises.

          In all other respects, Landlord and Tenant hereby affirm and ratify the Lease and First
Addendum.

          Dated
this 10th Day of MARCH, 2006.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	LANDLORD:	 	TENANT:	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	J.L. Bates, L.L.C.	 	GoDaddy.com, Inc., 

an Arizona corporation	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ [ILLEGIBLE]	 	 	 	By:	 	/s/ Robert Parsons	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Its:
	 	Manager	 	 	 	Its:	 	CEO	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 

          GRUBB & ELLIS/BRE COMMERCIAL, LLC, and CB RICHARD ELLIS
hereby agree that the Landlord shall not be obligated to pay any commissions with respect to any
payments by the Tenant for the Parking Expense set forth in
Section 5 above.

7

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	GRUBB & ELLIS

BRE COMMERCIAL, LLC	 	CB RICHARD ELLIS	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	By:

	 	 	 	 	 	By:	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Its:
	 	 	 	 	 	Its:	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

Acknowledgement of Guarantor.

          Go
Daddy Group, Inc., an Arizona corporation, hereby acknowledges its receipt and review of
the First Addendum to Office Lease, dated November 23, 2004, and
Second Addendum to Office Lease, dated___, 2006 and further represents and warrants
that the Continuing Guaranty of Office Lease is hereby affirmed and ratified and the undersigned
Guarantor shall continue to guaranty all obligations of Tenant pursuant to the Lease, First Addendum
to Office Lease and Second Addendum to Office Lease.

GO
DADDY GROUP, INC, 

an Arizona
corporation

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	By:
	 	/s/ Robert Parsons	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	Its:	 	CEO & Founder	 	 
	 

	 	 	 	 	 	 

8

 

EXHIBIT “B”

Payment Schedule

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	PHASE 1	 	 	PHASE 2	 	 	PHASE 3	 	 	[Illegible]	 	 	1st Floor	 	 	GRAND TOTAL	 
	 	 	 	 	 	 	sq. ft:	 	 	12,308	 	 	13,535	 	 	13,535	 	 	additional	 	 	10,642	 	 	[Illegible]	 
	MONTHS	 	DATE	 	 	RATE	 	 	Amount [Illegible]	 	 	Amount [Illegible]	 	 	Amount [Illegible]	 	 	Amount [Illegible]	 	 	Amount [Illegible]	 	GRAND TOTAL	 
	Months 1
	 	Mar-05	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Months 2
	 	Apr-05	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Months 3
	 	May-05	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 	 	 	—	 
	Months 4
	 	Jun-05	 	 	1.03	 	 	 	12,254.67	 	 	 	—	 	 	 	—	 	 	 	4,806.66	 	 	 	—	 	 	 	17,061.33	 
	Months 5
	 	Jul-05	 	 	1.03	 	 	 	12,677.24	 	 	 	—	 	 	 	—	 	 	 	4,806.66	 	 	 	—	 	 	 	17,483.90	 
	Months 6
	 	Aug-05	 	 	1.03	 	 	 	12,677.24	 	 	 	—	 	 	 	—	 	 	 	4,806.66	 	 	 	—	 	 	 	17,483.90	 
	Months 7
	 	Sep-05	 	 	1.03	 	 	 	12,677.24	 	 	 	13,941.05	 	 	 	—	 	 	 	4,806.66	 	 	 	—	 	 	 	31,424.95	 
	Months 8
	 	Oct-05	 	 	1.03	 	 	 	12,677.24	 	 	 	13,941.05	 	 	 	—	 	 	 	4,806.66	 	 	 	—	 	 	 	31,424.95	 
	Months 9
	 	Nov-05	 	 	1.03	 	 	 	12,677.24	 	 	 	13,941.05	 	 	 	—	 	 	 	4,806.66	 	 	 	—	 	 	 	31,424.95	 
	Months 10
	 	Dec-05	 	 	1.03	 	 	 	12,677.24	 	 	 	13,941.05	 	 	 	—	 	 	 	4,806.66	 	 	 	—	 	 	 	31,424.95	 
	Months 11
	 	Jan-06	 	 	1.03	 	 	 	12,677.24	 	 	 	13,941.05	 	 	 	13,941.00	 	 	 	4,806.66	 	 	 	—	 	 	 	45,366.00	 
	Months 12
	 	Feb-06	 	 	1.03	 	 	 	12,677.24	 	 	 	13,941.05	 	 	 	13,941.06	 	 	 	4,806.66	 	 	 	—	 	 	 	45,366.00	 
	Months 13
	 	Mar-06	 	 	1.03	 	 	 	12,677.24	 	 	 	13,941.05	 	 	 	13,941.06	 	 	 	4,806.66	 	 	 	—	 	 	 	45,366.00	 
	Months 14
	 	Apr-06	 	 	1.03	 	 	 	12,677.24	 	 	 	13,941.05	 	 	 	13,941.06	 	 	 	4,806.66	 	 	 	—	 	 	 	45,366.00	 
	Months 15
	 	May-06	 	 	1.03	 	 	 	12,677.24	 	 	 	13,941.05	 	 	 	13,941.06	 	 	 	4,806.66	 	 	 	—	 	 	 	45,366.00	 
	Months 16
	 	Jun-06	 	 	1.06	 	 	 	13,046.48	 	 	 	14,347.10	 	 	 	14,347.10	 	 	 	4,806.66	 	 	 	11,280.52	 	 	 	57,827.86	 
	Months 17
	 	Jul-06	 	 	1.06	 	 	 	13,046.48	 	 	 	14,347.10	 	 	 	14,347.10	 	 	 	4,806.66	 	 	 	11,280.52	 	 	 	57,827.86	 
	Months 18
	 	Aug-06	 	 	1.06	 	 	 	13,046.48	 	 	 	14,347.10	 	 	 	14,347.10	 	 	 	4,806.66	 	 	 	11,280.52	 	 	 	57,827.86	 
	Months 19
	 	Sep-06	 	 	1.06	 	 	 	13,046.48	 	 	 	14,347.10	 	 	 	14,347.10	 	 	 	4,806.66	 	 	 	11,280.52	 	 	 	57,827.86	 
	Months 20
	 	Oct-06	 	 	1.06	 	 	 	13,046.48	 	 	 	14,347.10	 	 	 	14,347.10	 	 	 	4,806.66	 	 	 	11,280.52	 	 	 	57,827.86	 
	Months 21
	 	Nov-06	 	 	1.06	 	 	 	13,046.48	 	 	 	14,347.10	 	 	 	14,347.10	 	 	 	4,806.66	 	 	 	11,280.52	 	 	 	57,827.86	 
	Months 22
	 	Dec-06	 	 	1.06	 	 	 	13,046.48	 	 	 	14,347.10	 	 	 	14,347.10	 	 	 	4,806.66	 	 	 	11,280.52	 	 	 	57,827.86	 
	Months 23
	 	Jan-07	 	 	1.06	 	 	 	13,046.48	 	 	 	14,347.10	 	 	 	14,347.10	 	 	 	4,806.66	 	 	 	11,280.52	 	 	 	57,827.86	 
	Months 24
	 	Feb-07	 	 	1.06	 	 	 	13,046.48	 	 	 	14,347.10	 	 	 	14,347.10	 	 	 	4,806.66	 	 	 	11,280.52	 	 	 	57,827.86	 
	Months 25
	 	Mar-07	 	 	1.06	 	 	 	13,046.48	 	 	 	14,347.10	 	 	 	14,347.10	 	 	 	4,806.66	 	 	 	11,280.52	 	 	 	57,827.86	 
	Months 26
	 	Apr-07	 	 	1.06	 	 	 	13,046.48	 	 	 	14,347.10	 	 	 	14,347.10	 	 	 	4,806.66	 	 	 	11,280.52	 	 	 	57,827.86	 
	Months 27
	 	May-07	 	 	1.06	 	 	 	13,046.48	 	 	 	14,347.10	 	 	 	14,347.10	 	 	 	4,806.66	 	 	 	11,280.52	 	 	 	57,827.86	 
	Months 28
	 	Jun-07	 	 	1.09	 	 	 	13,415.72	 	 	 	14,753.15	 	 	 	14,753.15	 	 	 	4,806.66	 	 	 	11,599.78	 	 	 	59,328.46	 
	Months 29
	 	Jul-07	 	 	1.09	 	 	 	13,415.72	 	 	 	14,753.15	 	 	 	14,753.15	 	 	 	4,806.66	 	 	 	11,599.78	 	 	 	59,328.46	 
	Months 30
	 	Aug-07	 	 	1.09	 	 	 	13,415.72	 	 	 	14,753.15	 	 	 	14,753.15	 	 	 	4,806.66	 	 	 	11,599.78	 	 	 	59,328.46	 
	Months 31
	 	Sep-07	 	 	1.09	 	 	 	13,415.72	 	 	 	14,753.15	 	 	 	14,753.15	 	 	 	4,806.66	 	 	 	11,599.78	 	 	 	59,328.46	 
	Months 32
	 	Oct-07	 	 	1.09	 	 	 	13,415.72	 	 	 	14,753.15	 	 	 	14,753.15	 	 	 	4,806.66	 	 	 	11,599.78	 	 	 	59,328.46	 
	Months 33
	 	Nov-07	 	 	1.09	 	 	 	13,415.72	 	 	 	14,753.15	 	 	 	14,753.15	 	 	 	4,806.66	 	 	 	11,599.78	 	 	 	59,328.46	 
	Months 34
	 	Dec-07	 	 	1.09	 	 	 	13,415.72	 	 	 	14,753.15	 	 	 	14,753.15	 	 	 	4,806.66	 	 	 	11,599.78	 	 	 	59,328.46	 
	Months 35
	 	Jan-08	 	 	1.09	 	 	 	13,415.72	 	 	 	14,753.15	 	 	 	14,753.15	 	 	 	4,806.66	 	 	 	11,599.78	 	 	 	59,328.46	 
	Months 36
	 	Feb-08	 	 	1.09	 	 	 	13,415.72	 	 	 	14,753.15	 	 	 	14,753.15	 	 	 	4,806.66	 	 	 	11,599.78	 	 	 	59,328.46	 
	Months 37
	 	Mar-08	 	 	1.09	 	 	 	13,415.72	 	 	 	14,753.15	 	 	 	14,753.15	 	 	 	4,806.66	 	 	 	11,599.78	 	 	 	59,328.46	 
	Months 38
	 	Apr-08	 	 	1.09	 	 	 	13,415.72	 	 	 	14,753.15	 	 	 	14,753.15	 	 	 	4,806.66	 	 	 	11,599.78	 	 	 	59,328.46	 
	Months 39
	 	May-08	 	 	1.09	 	 	 	13,415.72	 	 	 	14,753.15	 	 	 	14,753.15	 	 	 	4,806.66	 	 	 	11,599.78	 	 	 	59,328.46	 
	Months 40
	 	Jun-08	 	 	1.12	 	 	 	13,784.96	 	 	 	15,159.20	 	 	 	15,159.20	 	 	 	4,806.66	 	 	 	11,919.04	 	 	 	60,829.06	 
	Months 41
	 	Jul-08	 	 	1.12	 	 	 	13,784.96	 	 	 	15,159.20	 	 	 	15,159.20	 	 	 	4,806.66	 	 	 	11,919.04	 	 	 	60,829.06	 
	Months 42
	 	Aug-08	 	 	1.12	 	 	 	13,784.96	 	 	 	15,159.20	 	 	 	15,159.20	 	 	 	4,806.66	 	 	 	11,919.04	 	 	 	60,829.06	 
	Months 43
	 	Sep-08	 	 	1.12	 	 	 	13,784.96	 	 	 	15,159.20	 	 	 	15,159.20	 	 	 	4,806.66	 	 	 	11,919.04	 	 	 	60,829.06	 
	Months 44
	 	Oct-08	 	 	1.12	 	 	 	13,784.96	 	 	 	15,159.20	 	 	 	15,159.20	 	 	 	4,806.66	 	 	 	11,919.04	 	 	 	60,829.06	 
	Months 45
	 	Nov-08	 	 	1.12	 	 	 	13,784.96	 	 	 	15,159.20	 	 	 	15,159.20	 	 	 	4,806.66	 	 	 	11,919.04	 	 	 	60,829.06	 
	Months 46
	 	Dec-08	 	 	1.12	 	 	 	13,784.96	 	 	 	15,159.20	 	 	 	15,159.20	 	 	 	4,806.66	 	 	 	11,919.04	 	 	 	60,829.06	 
	Months 47
	 	Jan-09	 	 	1.12	 	 	 	13,784.96	 	 	 	15,159.20	 	 	 	15,159.20	 	 	 	4,806.66	 	 	 	11,919.04	 	 	 	60,829.06	 
	Months 48
	 	Feb-09	 	 	1.12	 	 	 	13,784.96	 	 	 	15,159.20	 	 	 	15,159.20	 	 	 	4,806.66	 	 	 	11,919.04	 	 	 	60,829.06	 
	Months 49
	 	Mar-09	 	 	1.12	 	 	 	13,784.96	 	 	 	15,159.20	 	 	 	15,159.20	 	 	 	4,806.66	 	 	 	11,919.04	 	 	 	60,829.06	 
	Months 50
	 	Apr-09	 	 	1.12	 	 	 	13,784.96	 	 	 	15,159.20	 	 	 	15,159.20	 	 	 	4,806.66	 	 	 	11,919.04	 	 	 	60,829.06	 
	Months 51
	 	May-09	 	 	1.12	 	 	 	13,784.96	 	 	 	15,159.20	 	 	 	15,159.20	 	 	 	4,806.66	 	 	 	11,919.04	 	 	 	60,829.06	 
	Months 52
	 	Jun-09	 	 	1.15	 	 	 	14,154.20	 	 	 	15,565.25	 	 	 	15,565.25	 	 	 	—	 	 	 	12,238.30	 	 	 	57,523.00	 
	Months 53
	 	Jul-09	 	 	1.15	 	 	 	14,154.20	 	 	 	15,565.25	 	 	 	15,565.25	 	 	 	—	 	 	 	12,238.30	 	 	 	57,523.00	 
	Months 54
	 	Aug-09	 	 	1.15	 	 	 	14,154.20	 	 	 	15,565.25	 	 	 	15,565.25	 	 	 	—	 	 	 	12,238.30	 	 	 	57,523.00	 
	Months 55
	 	Sep-09	 	 	1.15	 	 	 	14,154.20	 	 	 	15,565.25	 	 	 	15,565.25	 	 	 	—	 	 	 	12,238.30	 	 	 	57,523.00	 
	Months 56
	 	Oct-09	 	 	1.15	 	 	 	14,154.20	 	 	 	15,565.25	 	 	 	15,565.25	 	 	 	—	 	 	 	12,238.30	 	 	 	57,523.00	 
	Months 57
	 	Nov-09	 	 	1.15	 	 	 	14,154.20	 	 	 	15,565.25	 	 	 	15,565.25	 	 	 	—	 	 	 	12,238.30	 	 	 	57,523.00	 
	Months 58
	 	Dec-09	 	 	1.15	 	 	 	14,154.20	 	 	 	15,565.25	 	 	 	15,565.25	 	 	 	—	 	 	 	12,238.30	 	 	 	57,523.00	 
	Months 59
	 	Jan-10	 	 	1.15	 	 	 	14,154.20	 	 	 	15,565.25	 	 	 	15,565.25	 	 	 	—	 	 	 	12,238.30	 	 	 	57,523.00	 
	Months 60
	 	Feb-10	 	 	1.15	 	 	 	14,154.20	 	 	 	15,565.25	 	 	 	15,565.25	 	 	 	—	 	 	 	12,238.30	 	 	 	57,523.00	 
	Months 61
	 	Mar-10	 	 	1.15	 	 	 	14,154.20	 	 	 	15,565.25	 	 	 	15,565.25	 	 	 	—	 	 	 	12,238.30	 	 	 	57,523.00	 
	Months 62
	 	Apr-10	 	 	1.15	 	 	 	14,154.20	 	 	 	15,565.25	 	 	 	15,565.25	 	 	 	—	 	 	 	12,238.30	 	 	 	57,523.00	 

9

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	PHASE 1	 	 	PHASE 2	 	 	PHASE 3	 	 	[Illegible]	 	 	1st Floor	 	 	GRAND TOTAL	 
	 	 	 	 	 	 	sq. ft:	 	 	12,308	 	 	13,535	 	 	13,535	 	 	additional	 	 	10,642	 	 	[Illegible]	 
	MONTHS	 	DATE	 	 	RATE	 	 	Amount [Illegible]	 	 	Amount [Illegible]	 	 	Amount [Illegible]	 	 	Amount [Illegible]	 	 	Amount [Illegible]	 	GRAND TOTAL	 
	 
	Months 63
	 	May-10	 	 	1.15	 	 	 	14,154.20	 	 	 	15,565.25	 	 	 	15,565.25	 	 	 	—	 	 	 	12,238.30	 	 	$	7,523.00	 
	 
	GRAND TOTAL
	 	 	 	 	 	 	 	 	 	 	804,520.63	 	 	 	843,366.85	 	 	 	787,601.65	 	 	 	230,719.68	 	 	 	564,451.68	 	 	 	3,230,659.49	 
	 

	 	 	 	 	 
	 

	 	INITIALS:
	 	INITIALS:
	 
	 	 	 	 
	 

	 	/s/ [ILLEGIBLE]
	 	/s/ [ILLEGIBLE]
	 
	 	 	 	 
	 

	 	J.L. BATES, LLC
	 	GO DADDY

10

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