Document:

SUBLEASE AGREEMENT

 Exhibit 10.1 
  
 SUBLEASE AGREEMENT 
  
 THIS SUBLEASE AGREEMENT (“Sublease”) is entered into as of this 25th day of February, 2005, by and between MICROSTRATEGY INCORPORATED, a Delaware corporation (“Sublandlord”), and ALCANTARA LLC, a Delaware limited
liability company (“Subtenant”). 
  
 RECITALS

  
 A.    Sublandlord is the tenant under that certain
Deed of Lease by and between Tysons Corner Property, LLC, a Virginia limited liability company, as landlord (“Master Landlord”), and Sublandlord, as tenant, dated January 7, 2000, as amended by that certain First Amendment to Lease dated
as of August 9, 2000 (the “First Amendment”) and as further amended by that certain Second Amendment to Lease dated October 31, 2002 (the “Second Amendment”) (such lease, as so amended and as it may be further amended from time
to time, the “Master Lease”), for certain space located at 1861 International Drive, McLean, VA 22102 (the “Premises”). 
  
 B.    Subtenant wishes to sublease a portion of the Premises from Sublandlord. 
  
 Now, therefore, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereby agree as follows: 
  

	 	1.	Basic Sublease Information. 

  
 The information set forth in this Section (the “Basic Sublease Information”) is intended to supplement and/or summarize the provisions set forth
in the balance of this Sublease. Each reference in this Sublease to any of the terms set forth below shall mean the respective information set forth next to such term as amplified, construed or supplemented by the particular Section(s) of the
Sublease pertaining to such information. In the event of a conflict between the provisions of this Section and the balance of the Sublease, the balance of the Sublease shall control. 
  

					
			
	Sublandlord:	  	MicroStrategy Incorporated, a Delaware corporation	  	 
			
	 Sublandlord’s Address
 for
Notices:
	  	 1861 International Drive
 McLean, VA 22102

Attn: Director of Administration
  
 with a copy (which shall not constitute notice) to:
  
 Hogan & Hartson L.L.P.
 8300 Greensboro Drive
 McLean, VA 22102
 Attn: Lee E. Berner, Esq.
	  	 
			
	Subtenant:	  	Alcantara LLC	  	 
			
	 Subtenant’s Address
 for
Notices:
	  	As from time to time designated in a written notice by Subtenant to Sublandlord.	  	 

					
			
	Subdemised Premises:	  	That portion of the Premises specifically indicated on Attachment A hereto representing approximately 150 square feet.	  	 
			
	Building:	  	1861 International Drive, McLean, VA 22102.	  	 
			
	Permitted Use:	  	As specified in Section 1.8 of the Master Lease.	  	 
			
	Commencement Date:	  	The term of the Sublease shall commence upon February 10, 2005 (the “Commencement Date”).	  	 
			
	Expiration Date:	  	This Sublease shall be for an initial term of one (1) year (the “Initial Term”), which term shall automatically renew at the end of such term and each succeeding renewal term (as
applicable), provided, however, that (i) either party may terminate this Sublease by providing written notice setting forth a termination date to the other party at least seven (7) days prior to such termination date and (ii) this
Sublease shall terminate on any date on which the Master Lease is terminated or expires or this Sublease is terminated pursuant to the terms herein (any such expiration date or termination date, the “Expiration Date”).	  	 
			
	Subtenant’s Insurance:	  	Specified and as required in Article 9 of the Master Lease.	  	 
			
	Security Deposit:	  	None.	  	 

  

	 	2.	Sublease Relocation. 

  
 Sublandlord hereby subleases to Subtenant, and Subtenant hereby subleases from Sublandlord, the Subdemised Premises upon all of the terms, covenants and
conditions in this Sublease. Sublandlord shall have the right, upon five (5) days’ notice to Subtenant, and at the expense of Sublandlord, to relocate the Subdemised Premises to a location elsewhere in the Premises designated by Sublandlord.
Upon such relocation, said relocated Subdemised Premises shall thereafter be the “Subdemised Premises” for purposes of this Sublease. 
  

	 	3.	Delivery Condition. 

  
 Subtenant acknowledges that it takes possession of the Subdemised Premises in its “as is” condition on the Commencement Date and further
acknowledges that Sublandlord has made no representations or warranties of any kind or nature, whether express or implied, with respect to the Subdemised Premises, the remainder of the Premises, the common areas, or the Building, nor has Sublandlord
agreed to undertake or perform any modifications, alterations, or improvements to the Subdemised Premises, the remainder of the Premises, the common areas or the Building which would inure to Subtenant’s benefit. 
  

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	 	4.	Term. 

  
 4.1 Term. The term (the “Term”) of this Sublease shall commence on the Commencement Date and shall end on the Expiration Date.

  
 4.2 Surrender. Subtenant shall, on or before the
Expiration Date, and/or such earlier date(s) on which Subtenant ceases to occupy a portion of Subleased Premises (each a “Surrender Date”) remove all personal property, furniture, trade fixtures and other equipment from the Surrendered
Space or Subdemised Premises, as applicable, provided that the removal of the same does not adversely affect the Building structure or any Building operating system or is not prohibited by the Master Lease, and that Subtenant promptly repairs any
damage to the Building structure or its operating systems caused by such removal pursuant to the requirements of the Master Lease. In the event that Subtenant fails to remove any such items as required by this Section 4.2 by the Expiration Date or
Surrender Date, as applicable, all such items remaining on the Surrendered Space or Subdemised Premises, as applicable, after the Expiration Date or Surrender Date, as applicable, shall be deemed abandoned and Sublandlord may dispose of such items
as it sees fit, without liability to Subtenant. Subtenant shall also be responsible for the removal, on or before the Expiration Date or Surrender Date, as applicable, of all alterations as required under the Master Lease installed by Subtenant
pursuant to this Sublease and shall be responsible for any associated repair or restoration of the Surrendered Space or Subdemised Premises, as applicable, required under the Master Lease. In all other respects, Subtenant shall deliver the
Surrendered Space or Subdemised Premises broom clean, in its condition as of the Commencement Date, as applicable, reasonable wear and tear and casualty excepted. In no event shall Subtenant remove any of the plumbing, electrical, data lines, or
HVAC system(s) except as otherwise required pursuant to this Section 4.2. 
  
 Subtenant shall vacate and deliver possession of the Surrendered Space or Subdemised Premises, as applicable, free of all liens, charges or encumbrances resulting from any act or omission on Subtenant’s part, and
free and clear of any and all violations of any law, rule or regulation of any federal, state, municipal or other agency or authority by reason of Subtenant’s actions or failures to fulfill any of its obligations under this Sublease
(“Violations”). Subtenant shall indemnify Sublandlord against any and all loss, expense, damage, costs or attorneys’ fees arising out of Violations occurring any time on or after the Commencement Date. The voluntary or other surrender
of this Sublease by Subtenant, or a mutual cancellation thereof, shall not automatically terminate any sub-subleases or sub-subtenancies or other agreements by which Subtenant has granted rights to third parties to all or any part of the Subdemised
Premises, but shall, at the option of Sublandlord, either (1) terminate all or any existing sub-subleases or sub-subtenancies or such other agreements, or (2) operate as an assignment to Sublandlord of any or all such sub-subleases or
sub-subtenancies or such other agreements. 
  

	 	5.	[Intentionally deleted] 

  

	 	6.	Use and Compliance With Laws. 

  
 Subtenant shall use the Subdemised Premises for the Permitted Use (as specified in the Basic Sublease Information) during the Term of this Sublease, and
for no other use or uses. Subtenant shall not engage in any activities prohibited by the Master Lease. Subtenant shall not use or store flammable or hazardous materials on the Subdemised Premises. Subtenant shall not perform any act or carry on any
practice which may injure the Subdemised Premises or cause any offensive odors or noises that constitute a nuisance or menace to any other tenant or tenants of the Building or the 

  

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Premises or other persons, and in no event shall any noises or odors be emitted from the Subdemised Premises. Nothing shall be done upon or about the
Subdemised Premises which shall be unlawful, improper, or contrary to any law, ordinance, regulation or requirement of any public authority or insurance inspection or rating bureau or similar organization having jurisdiction and Subtenant shall be
in compliance at all times with all such laws, ordinances, regulations and requirements. Subtenant shall observe and comply with, and shall cause its employees, agents and invitees to observe and comply with the restrictions set forth in this
Sublease. Subtenant agrees to comply with all rules and regulations that Master Landlord has made or may hereafter from time to time make for the Building and/or the Premises. Sublandlord shall not be liable to Subtenant or any party claiming
through Subtenant in any way for damage caused by the failure of any of the other tenants of the Building to comply with such similar or other covenants in their leases or of such rules and regulations. 
  

	 	7.	Insurance. 

  
 Sublandlord shall add Subtenant as an additional insured to the policies of insurance maintained by Sublandlord pursuant to Section 9.3(a), (c) and
(e) of the Master Lease. 
  

	 	8.	Assignment and Subletting. 

  
 Subtenant shall not directly or indirectly, voluntarily or by operation of law, sell, assign, encumber, pledge or otherwise transfer or hypothecate any of
its interest in or rights with respect to the Subdemised Premises or Subtenant’s leasehold estate hereunder (collectively, “Assignment”), or permit all or any portion of the Subdemised Premises to be occupied by anyone (whether
pursuant to a license, concession or otherwise) other than Subtenant or Subtenant’s agents and advisors or sublet all or any portion of the Subdemised Premises, without the prior written consent of Master Landlord and Sublandlord, which consent
of Sublandlord may be given or withheld in its sole discretion. For purposes of this Sublease, the direct or indirect transfer of any ownership interests in Subtenant shall be deemed an Assignment within the meaning of this Section 8.

  

	 	9.	Alterations. 

  
 Subtenant shall not make or suffer to be made any alterations, additions or improvements to the Subdemised Premises, including, without limitation, those
related to electrical cabling and/or systems, plumbing, data cabling, HVAC systems, or modifications to existing finishes, without the prior written consent of Master Landlord, as required under the Master Lease, and of Sublandlord. Additionally,
Subtenant shall be subject to the standards for repairs and alterations set forth in the Master Lease and any review and approval required under the Master Lease. 
  

	 	10.	Repairs and Maintenance. 

  
 10.1 Subtenant’s Responsibility. Subtenant shall be responsible for the maintenance and repair of the Subdemised Premises in accordance with
the provisions of the Master Lease. 
  
 10.2 Sublandlord’s
Responsibility. As between the parties to this Sublease, Sublandlord shall have no responsibility or liability to the Subtenant or anyone claiming through Subtenant, for the Subdemised Premises including, without limitation, the roof, roof
covering, foundation, subfloors, building structural components, major building systems (plumbing, electrical and heating, air conditioning and ventilation systems), and exterior walls of the Subdemised Premises or for damage to or loss of personal
property including without limitation computer equipment and computer data.  
  

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	 	11.	Default. 

  
 Subtenant shall be subject to the same default provisions as specified in Article 11 of the Master Lease as if it were the tenant thereunder, and
Sublandlord shall have all the remedies specified therein, as if it were Master Landlord, including, without limitation, the right to terminate the Sublease and right to perform Subtenant’s obligations under this Sublease at Subtenant’s
cost. Notwithstanding the foregoing, Subtenant shall only be entitled to one-half ( 1/2) of the cure period for a
default, if any, provided for under the Master Lease. 
  

	 	12.	Indemnity. 

  
 In addition to such indemnities as may be provided for in the Master Lease, Subtenant agrees to indemnify and hold Sublandlord and its affiliates,
officers, agents, servants, employees and independent contractors (individually a “Sublandlord Party” and collectively, “Sublandlord Parties”) harmless against all loss, damage, liability, or expense suffered or claimed against
any Sublandlord Party, by any person or entity (i) caused by or otherwise arising from, in whole or in part, any breach or default by Subtenant of any covenant or obligation it has hereunder (including but not limited to all covenants or obligations
of the tenant under the Master Lease assumed by Subtenant pursuant to the terms of this Sublease), or (ii) caused by or in connection with anything owned or controlled by Subtenant, or (iii) resulting from any act, failure to act, or negligence of
Subtenant or its employees, agents or invitees, or (iv) resulting from any nuisance suffered on the Subdemised Premises, except for damage or injury to third parties or property resulting from the proven gross negligence of Sublandlord. Subtenant
further agrees to indemnify Sublandlord and hold Sublandlord harmless from all losses, damages, liabilities and expenses which Sublandlord may incur, or for which Sublandlord may be liable to Master Landlord, arising from the acts or omissions of
Subtenant which are or are alleged to be defaults of Sublandlord under the Master Lease or are the subject matter of any indemnity or hold harmless of Sublandlord, as tenant, to Master Landlord under the Master Lease. The obligations of Subtenant to
indemnify Sublandlord and/or the Sublandlord Parties and/or hold the Sublandlord and/or the Sublandlord Parties harmless in this Section 12 and elsewhere herein shall survive the expiration or other termination of this Sublease. 
  

	 	13.	Master Lease. 

  
 13.1 Master Lease. Notwithstanding anything in this Sublease to the contrary, the rights of Subtenant shall be subject to and limited by the terms
and conditions contained in the Master Lease between Sublandlord and Master Landlord, as they may be amended from time to time. Sublandlord shall have the right to amend the Master Lease from time to time without the consent of Subtenant. Any rights
granted to Subtenant herein which are limited by the Master Lease shall be deemed to be so limited by this Sublease. 
  
 13.2 No Violation. Notwithstanding anything in this Sublease to the contrary, Subtenant shall not commit or permit to be committed any act or
omission which shall violate any term or condition of the Master Lease. Subtenant shall indemnify and hold harmless Sublandlord from and against any loss, liability, claim, cost or expense (including reasonable attorneys’ fees) incurred by
Sublandlord as a result of any termination or attempted termination of the Master Lease resulting from any such act or omission by Subtenant. 
  

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 13.3 Consent of Master Landlord. Notwithstanding anything in this Sublease to the contrary, the
effectiveness of this Sublease shall be conditioned, to the extent required, upon Sublandlord obtaining the written consent of the Master Landlord under the Master Lease to this Sublease and the written consent of Sublandlord’s lenders
(including satisfaction of all pre-conditions to such consent). If the consent of the Master Landlord and/or such lenders is required but not obtained, this Sublease shall be void. Subtenant agrees to execute any reasonable agreements required by
Sublandlord as a pre-condition to obtaining such consents, including, without limitation, a collateral access agreement in favor of Sublandlord’s lenders.  
  
 13.4 Termination of Master Lease. If the Master Lease terminates for any reason prior to the expiration or other
termination of this Sublease, this Sublease shall terminate concurrently therewith without any liability of Sublandlord to Subtenant and, except for any Subtenant obligations hereunder arising on or prior to the termination of this Sublease,
following Subtenant’s surrender in compliance with Section 4.2 hereof, Subtenant’s obligations hereunder shall terminate, except with respect to any indemnification or hold harmless obligations of Subtenant, which shall survive such
termination. 
  
 13.5 Incorporation of Master Lease.
Notwithstanding any other provision of this Sublease to the contrary, this Sublease and Subtenant’s rights under this Sublease shall at all times be subject to all of the terms, covenants, and conditions of the Master Lease (a copy of which
agreement, as currently in effect, Subtenant hereby represents that it has received), with the same force and effect as if fully set forth herein, and except as otherwise expressly provided for herein, Subtenant shall keep, observe and perform or
cause to be kept, observed and performed, faithfully all those terms, covenants and conditions of Sublandlord as tenant under the Master Lease with respect to the Subdemised Premises. Except as otherwise provided hereby, the terms, conditions,
rights and responsibilities of the Master Lease are incorporated herein by reference, and Sublandlord shall have the rights and responsibilities with respect to the Subtenant that the Master Landlord has with respect to Sublandlord pursuant to the
Master Lease, and Subtenant shall have the rights and responsibilities with respect to Sublandlord that Sublandlord has with respect to the Master Landlord pursuant to the Master Lease. However, to the extent that the Master Lease requires or
obligates Master Landlord to maintain, repair, restore, or otherwise expend any money or take any action to preserve and maintain all or any portion of the Subdemised Premises or to furnish any services to the Subdemised Premises, such obligation
shall not pass to Sublandlord by reason of this Sublease and shall remain with the Master Landlord. Subject to the first sentence of this Section 13.5, with respect to the relationship between the Sublandlord and the Subtenant, the terms, covenants
and conditions of this Sublease shall control with respect to any conflict or inconsistency between the terms, covenants and conditions contained herein and the terms, covenants and conditions of the Master Lease. Notwithstanding the foregoing, the
following sections of the Master Lease are hereby excluded from application to or incorporation within this Sublease: Sections 1.9-1.10, 2.2-2.3, 3, 4.1-4.5, 4.7, 5.9, 6.3, 6.12, 7.1, 7.5, 9.6, 11.6, 14, 15.2, 15.6 and 15.23-15.26; Exhibits C and
H-O; First Amendment Sections 3-7, 9, 11, and 13; and the Second Amendment. 
  

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	 	14.	Parking. 

  
 Subtenant shall be provided access to one (1) non-reserved parking space without charge at the Building. All parking spaces utilized by Subtenant shall be
used in accordance with the terms of the Master Lease, including Section 15.6 of the Master Lease. Any additional parking spaces at the Premises or elsewhere required or desired by Subtenant shall be obtained by Subtenant at its sole cost and
expense. Sublandlord makes no representation or warranty concerning the availability of parking spaces. 
  

	 	15.	[Intentionally deleted.] 

  

	 	16.	Brokers. 

  
 Subtenant represents that it has dealt with no broker or agent in connection with this Sublease and Subtenant shall hold Sublandlord harmless from any and
all liability, loss, damage, expense, claim action, demand, suit or obligation arising out of or relating to a breach by Subtenant of such representation. 
  

	 	17.	Counterparts. 

  
 This Sublease may be executed in one or more counterparts, each of which shall constitute one and the same instrument. 
  

	 	18.	Governing Law. 

  
 This Sublease shall be governed by and construed and enforced in accordance with the laws of the Commonwealth of Virginia, except with respect to the
choice-of-law provisions thereof. 
  

	 	19.	Waivers; Amendments. 

  
 No failure or delay by any party hereto in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies provided herein shall be cumulative and not exclusive of any rights or remedies provided by law.
Any provision of this Sublease may be waived if, but only if, such waiver is in writing and is signed by the party against whom the enforcement of such waiver is sought. No waiver of any provision of this Sublease, in any one or more instances,
shall be deemed to be, or construed as, a further or continuing waiver of any such provision. This Sublease may not be amended, modified or supplemented other than by a written instrument signed by each party hereto. 
  

	 	20.	Entire Agreement. 

  
 This Sublease (including the Addendum hereto) constitutes the entire agreement and understanding among the parties hereto and supercedes any and all prior
agreements and understandings, written or oral, relating to the subject matter hereof. 
  

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	 	21.	Severability. 

  
 Any term or provision of this Sublease which is invalid or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Sublease or affecting the validity or enforceability of any of the terms or provisions of this Sublease in any other
jurisdictions, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law. 
  

	 	22.	Addendum. 

  
 Certain terms and conditions relating to the provision of services by Sublandlord to Subtenant and other matters in connection with Subtenant’s use
of the Subdemised Premises by Subtenant are set forth in the Addendum hereto, the terms and conditions of which is incorporated herein and shall be a part of this Sublease as if fully set forth herein. 
  
 [Signature page follows] 
  

 8 

 IN WITNESS WHEREOF, this Sublease shall be deemed to have been executed and delivered as of the date
first set forth above. 
  

			
	SUBLANDLORD:
	
	 MICROSTRATEGY INCORPORATED,
 a Delaware corporation

		
	 By:
	 	 /s/ Arthur S. Locke, III

	 Name:
	 	 Arthur S. Locke, III

	 Title:
	 	Vice President, Finance and 
	 	 	Chief Financial Officer

  

			
	
	SUBTENANT:
	
	 ALCANTARA LLC
 a Delaware limited liability company

		
	 By:
	 	 /s/ Michael J. Saylor

	 Name:
	 	 Michael J. Saylor

	 Title:
	 	Sole Member

  

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 Attachment A 

 

 

 ADDENDUM TO SUBLEASE 
  

	 	1.	Provision of Services and Equipment by Sublandlord 

  
 Upon the request of Subtenant, Sublandlord agrees to provide the following to Subtenant and to Subtenant’s employees or agents who shall be
working in the Subdemised Premises, at no cost to Subtenant: (i) security access badges, in the appropriate form or forms and with the appropriate access levels as determined by Sublandlord, to allow such persons access to the Subdemised Premises,
(ii) access to and use of Sublandlord’s computer network (so long as such persons comply with Sublandlord’s computer network policies and with such restrictions on access and use as Sublandlord may, in its sole discretion, deem
appropriate) subject to Sublandlord’s information systems security policies, (iii) information systems support as determined by Sublandlord in its sole discretion to be appropriate, (iv) commercially reasonable use of Sublandlord’s
photocopiers and printers located in the common areas in the vicinity of the Subdemised Premises, (v) commercially reasonable use of an office phone and associated phone service consistent with Sublandlord’s standard phone equipment and phone
service provided to Sublandlord’s personnel, (vi) Sublandlord’s standard office furniture in the Subdemised Premises and (vii) commercially reasonable office supplies as generally available in the common area supply room. 
  

	 	2.	Gross Up 

  
 To the extent that the provision of the Subdemised Premises or any services or equipment by Sublandlord hereunder constitutes income to
Subtenant’s principal, Michael J. Saylor (“Subtenant Principal”), Sublandlord agrees to the following procedure: first, to periodically include and report the fair market value of such benefits in the Subtenant Principal’s W-2
wages; second, to “gross-up” the income to an amount that includes the applicable federal, state and local payroll taxes that could be due on such income and the additional “gross-up” amount; third, withhold that amount of
payroll taxes from the total income; and fourth, to remit the applicable payroll taxes to the federal, state and local tax authorities. 
  

	 	3.	Confidentiality; Insider Trading 

  
 (a) Subtenant agrees to, and agrees to cause all agents, employees, contractors and other personnel (collectively, “Personnel”) of Subtenant to,
keep confidential and not disclose any information that Subtenant or such Personnel may obtain or possess relating to Sublandlord, including without limitation, Sublandlord’s employees, business, technology, financial information and all other
information whatsoever (“Confidential Information”). Subtenant agrees to comply with, and to cause its Personnel to comply with, all procedures required by Sublandlord to prevent Subtenant and its Personnel from disclosing Confidential
Information of Sublandlord, including, without limitation, the execution and delivery by Subtenant and by all Personnel of Subtenant who will be located at or otherwise have access to the Subdemised Premises of a non-disclosure agreement in the form
required by Sublandlord. Information that is already in the public domain shall not be deemed “Confidential Information” hereunder. Subtenant acknowledges that Sublandlord shall not have an adequate remedy at law 

 
in the event of a breach or threatened breach of this Section 3(a) by Subtenant or any Personnel and that Sublandlord shall be entitled to injunctive relief
in the event of a breach or a threatened breach of this Section 3(a) by Subtenant or by any Personnel. 
  
 (b) Subtenant agrees to comply with, and agrees to cause its Personnel who will be located at or otherwise have access to the Subdemised Premises to
comply with Sublandlord’s Insider Trading Policy (and any amendments or successor policy thereto), a copy of which policy in effect as of the date hereof Subtenant acknowledges receiving. Subtenant agrees to execute, and to cause
Subtenant’s Personnel who will be located at or otherwise have access to the Subdemised Premises to execute, from time to time an acknowledgment that Subtenant and Subtenant’s personnel have reviewed and understand Sublandlord’s
Insider Trader Policy and agree to comply with Sublandlord’s Insider Trader Policy. 
  

	 	4.	Subtenant Personnel 

  
 Subtenant acknowledges that all Personnel of Subtenant shall be Personnel of Subtenant only and not of Sublandlord (except to the extent that any such
person is separately employed or engaged by Sublandlord or any of its subsidiaries) and that such persons shall be solely under the direction and control of Subtenant and that Sublandlord shall have no authority to direct any such Personnel.
Subtenant further acknowledges that Subtenant’s Personnel will not be compensated by Sublandlord and will not receive employee benefits from Sublandlord and that Sublandlord shall not have any obligation therefor. Subtenant agrees that
Personnel of Subtenant shall not hold themselves out as Personnel of Sublandlord and Subtenant agrees to take all reasonable actions requested by Sublandlord to make clear that Personnel of Subtenant are not Personnel of Sublandlord, including
without limitation the following: (i) email addresses of Subtenant and its Personnel shall not include any reference to Sublandlord, provided, however, that Sublandlord may, in its sole discretion, establish one or more email addresses that include
reference to Sublandlord for purposes of providing information systems support to Subtenant, in accordance with the terms hereof, but any such email address shall not be used by Subtenant or its Personnel for sending or receiving email except within
Sublandlord’s internal computer network as specifically approved by Sublandlord, (ii) Subtenant and its Personnel shall not be entitled to use letterhead of Sublandlord, and (iii) Subtenant shall be entitled to only those services set forth in
Section 1 of this Addendum. Subtenant further agrees to adopt workplace and other personnel policies governing such matters as sexual harassment, anti-discrimination, drug free workplace and other matters as are customary for employers in Fairfax
County, Virginia. For purposes of this section, the term “Sublandlord” includes MicroStrategy Incorporated and its subsidiaries.Amended and Restated 2000 Employee Incentive Plan

 Exhibit 10.45 
  
 METRO-GOLDWYN-MAYER INC. 
  
 AMENDED AND RESTATED 
 2000 EMPLOYEE
INCENTIVE PLAN 
  
 ARTICLE 1 
  
 PURPOSE 
  
 The 2000 Employee Incentive Plan (the “Plan”) is a short-term incentive plan designed to (i) promote the continued
growth, development and financial success of the Company with the ultimate objective of enhancing stockholder value; (ii) enable the Company to be more effective in attracting, motivating and retaining employees; (iii) provide to employees who
participate in the Plan an opportunity to receive bonus incentives tied to the achievement of certain pre-established performance goals; and (iv) meet the requirements for performance-based compensation within the meaning of Section 162(m) of the
Code (as defined below). 
  
 ARTICLE 2 
  
 DEFINITIONS 
  
 For the purposes of the Plan, unless the context requires otherwise, the
following terms shall have the meanings indicated: 
  
 2.1
“Annual Incentive Award” or “Award” means the compensation payable under this Plan to a Participant pursuant to the terms, conditions, restrictions, and limitations established by the Committee and this Plan. 
  
 2.2 “Board” means the Board of Directors of the Company.

  
 2.3 “Bonus Target” means the percentage of base
compensation (as determined by the Committee or the Subcommittee) to be awarded as an Annual Incentive Award if the Performance Goal for the applicable Performance Measure is met. 
  
 2.4 “Code” means the Internal Revenue Code of 1986, as amended, together with the published rulings, regulations,
and interpretations promulgated thereunder. 
  
 2.5
“Committee” means the Compensation Committee appointed or designated by the Board to administer the Plan in accordance with Article 3 of this Plan. 
  
 2.6 “Company” means Metro-Goldwyn-Mayer Inc., a Delaware corporation, and any successor entity, whether by merger, ownership of all or
substantially all of the assets thereof, or otherwise. 
  
 2.7
“Named Executive Officer” means a Participant who is a “covered employee” as defined in Section 162(m) of the Code or who the Committee believes will be such a covered employee during a Performance Period. 
  
 2.8 “Participant” means an eligible employee who is selected to
participate in the Plan. 
  
 2.9 “Performance Goal”
means one or more objective goals pre-established by the Committee or the Subcommittee for the purpose of determining Awards under the Plan. 
  

 1 

 2.10 “Performance Measure” means one or more business and/or financial criteria as the
Committee or the Subcommittee shall determine for the purpose of setting Performance Goals for each Performance Period. 
  
 2.11 “Performance Period” means the consecutive 12-month period that constitutes the Company’s fiscal year. 
  
 2.12 “Plan” means the Metro-Goldwyn-Mayer Inc. 2000 Employee
Incentive Plan, effective as of January 1, 2000, as amended from time to time. 
  
 2.13 “Section 162(m)” means Section 162(m) of the Code and the rules and regulations promulgated thereunder. 
  
 2.14 “Subcommittee” means the Performance-Based Compensation Subcommittee appointed by the Board to review and approve, with respect to the
Named Executive Officers, any compensation that may qualify as performance-based compensation within the meaning of Section 162(m). 
  
 ARTICLE 3 
  
 ADMINISTRATION 
  
 3.1 Composition of Committee and Subcommittee. The Plan shall be administered by the Committee or (with respect to the Named Executive Officers) by the Subcommittee. The Committee shall consist of at least
three members of the Board who are not eligible to participate in the Plan. The Subcommittee shall consist of at least two members of the Committee who are “outside directors” within the meaning of Section 162(m). 
  
 3.2 Interpretation of Plan. The Committee or the Subcommittee, as the
case may be, shall (i) interpret the Plan; (ii) prescribe, amend, and rescind any rules and regulations necessary or appropriate for the administration of the Plan; and (iii) make such other determinations and take such other action as it deems
necessary or advisable in the administration of the Plan. Any interpretation, determination, or other action made or taken by the Committee or the Subcommittee shall be final, binding, and conclusive on all interested parties. 
  
 3.3 Powers of Committee and Subcommittee. The Committee or (with
respect to the Named Executive Officers) the Subcommittee shall have the sole authority to (i) establish and administer the Performance Goals; (ii) determine the Performance Measures to be used in establishing the Performance Goals; (iii) set the
Bonus Targets and the Percentage Allocation (as defined below) for each class of Participants; (iv) certify to the Board that one or more Performance Goals have been met; and (v) determine the amount of any Awards made to the Named Executive
Officers. 
  
 3.4 Section 162(m) Conditions. It is the
intention of the Committee that the Awards qualify as “performance-based compensation” within the meaning of Section 162(m). With respect to restrictions in the Plan that are based on the requirements of Section 162(m) or any other
applicable law, rule or regulation, to the extent that any such restrictions are no longer required thereby, the Committee or the Subcommittee, as the case may be, shall have the discretion and authority to make Awards hereunder that are no longer
subject to such restrictions. 
  
 3.5 Requisite Action. A
majority (but not fewer than two) of the members of the Committee or the Subcommittee, as the case may be, shall constitute a quorum. The vote of a majority of those present at a meeting at which a quorum is present or the unanimous written consent
of the members thereof shall constitute action by the Committee or the Subcommittee. 
  

 2 

 ARTICLE 4 
  

ELIGIBILITY 
  
 Any regular employee (including an employee who is also a director of the Company) is eligible to participate in the Plan. Notwithstanding the foregoing,
it is the intention of the Committee that Awards generally not be made to any employee who is a participant in any sales incentive or other cash bonus plan of the Company or who receives a guaranteed bonus pursuant to his or her employment agreement
with the Company. The Committee shall determine, on the recommendation of management, which employees shall participate in the Plan during any Performance Period, and such determination may be made selectively among eligible employees. An employee
must be a Participant in the Plan for a minimum of six months during the Performance Period to be eligible for an Award for such Performance Period. 
  
 ARTICLE 5 
  
 PERFORMANCE GOALS AND MEASUREMENT 
  
 5.1 Performance Goals. Performance Goals shall be established in writing by the Committee or the Subcommittee, as the case may be, not later than 90 days after commencement of the applicable Performance Period
(provided that the outcome thereof is substantially uncertain at such time) and shall be based on such Performance Measures as the Committee or the Subcommittee shall determine. 
  
 5.2 Bonus Targets. Bonus Targets shall be established by the Committee or the Subcommittee in writing for each class
of Participants (determined principally by title and level of responsibility) at the same time as the Performance Goals are established and shall be allocated to one or more Performance Measures in such proportion (the “Percentage
Allocation”) as the Committee or the Subcommittee shall determine. 
  
 5.3 Performance Measures. For each Performance Period, the Committee or the Subcommittee, as the case may be, shall select the business and/or financial criteria to be used in establishing the Performance Goals. Such criteria may
include (without limitation) one or more of the following: 
  
 (a) Film performance 
  
 (b) Earnings before interest, taxes, depreciation and amortization (EBITDA) 
  
 (c) Net profit contribution by division 
  
 (d) Pre-tax or after-tax profit levels, including: net income, earnings per share, earnings before interest and taxes, and operating
income 
  
 (e) Cash flow return on investment and
return on equity 
  
 (f) Levels of operating
expense or other expense items as reported on the income statement 
  
 The Performance Measures for a Performance Period may be identical for all Participants or, at the discretion of the Committee or the Subcommittee, may be different to reflect more appropriate measures of performance in individual cases.

  
 5.4 Adjustments for Extraordinary Items. Subject to any
express limitations of the Plan and the requirements of Section 162(m), the Committee shall be authorized to make adjustments in the method of calculating attainment of Performance Goals in recognition of: (i) extraordinary or non-recurring items;
(ii) changes in tax laws; (iii) changes in generally accepted accounting principles or changes in accounting policies; (iv) charges related to restructured or discontinued operations; (v) restatement of prior period financial results; and (vi) any
other unusual, non-recurring gain or loss that is separately identified and quantified in the Company’s financial statements. 
  

 3 

 ARTICLE 6 
  

ANNUAL INCENTIVE AWARDS 
  
 6.1 Timing of Awards. As soon as practicable following the completion of the Performance Period, the Committee shall review the prior year’s
performance in relation to the Performance Goals and determine whether and to what extent Awards will be granted under the Plan. Notwithstanding the attainment of one or more Performance Goals, the Board may determine that no Awards be made with
respect to a Performance Period if it determines that the making of such Awards is not in the best interests of the Company. 
  
 6.2 Determination of Awards. The payment of any Award shall be contingent upon the attainment of one or more Performance Goals as certified to the
Board in writing by the Committee and the Subcommittee. The Subcommittee shall calculate the amount of each Award to be made to the Named Executive Officers based upon the applicable Performance Goals, Performance Measures, Bonus Targets and
Percentage Allocation established pursuant to Article 5 above. The Subcommittee may not exercise any discretion to increase any Award to a Named Executive Officer, but may exercise discretion to reduce an Award by up to 25 percent so long as such
reduction does not result in an increase in the amount of the Award of any other Participant. The amount of individual Awards made to all other Participants shall be determined by management based upon the attainment of the Performance Goals and in
accordance with the Performance Measures, Bonus Targets, Percentage Allocation and discretionary elements approved in advance by the Committee. Notwithstanding anything to the contrary contained herein, commencing with the 2001 Performance Period
and for any Performance Period thereafter, any Award otherwise payable under this Plan to a Participant who also holds Bonus Interests under the Senior Management Bonus Plan shall be offset, in whole or in part, by any cash amount paid or payable to
such Participant in respect of such Bonus Interests by virtue of a Determination Date (as such term is defined in the related Bonus Interest Agreement) having occurred during such Performance Period. The term ‘Senior Management Bonus Plan’
as used herein shall mean and refer to the Metro-Goldwyn-Mayer Inc. and Metro-Goldwyn-Mayer Studios Inc. Senior Management Bonus Plan as adopted by the Boards of Directors of such companies on November 7, 1997 and approved by the stockholders of
Metro-Goldwyn-Mayer Inc. on May 12, 1998.” The term ‘Bonus Interest Agreement’ as used herein shall mean and refer to the form of Metro-Goldwyn-Mayer Inc. and Metro-Goldwyn-Mayer Studios Inc. Bonus Interest Agreement Pursuant to the
Senior Management Bonus Plan entered into between such companies and each holder of Bonus Interests. 
  
 6.3 Range of Awards. Provided the relevant Performance Goal shall have been attained, as determined by the Committee or the Subcommittee, as the
case may be, and certified to the Board, the range of Awards as to each Performance Measure shall be based on percentages of base salary as determined by the Committee or the Subcommittee, as the case may be. 
  
 6.4 Maximum Individual Award. Notwithstanding any other provision
hereof, the maximum Award that may be made to any Participant under the Plan for any Performance Period shall be $5 million. 
  
 6.5 Form of Payment. With respect to the 2000 Performance Period, the entire amount of any Award shall be payable in cash. Commencing with the 2001
Performance Period and for each Performance Period thereafter, such portion of an Award as shall be equal to or less than the Bonus Target amount shall be payable in cash and the amount, if any, in excess of the Bonus Target amount (the “Excess
Amount”) may be payable either in cash or in shares of the Company’s common stock, $.01 par value per share (the “Common Stock”), as the Committee shall determine in its discretion. In the event the Committee shall determine that
the Excess Amount shall be payable in shares of Common Stock, the precise number of shares payable to a Participant shall be the result (rounded up to the nearest whole share) obtained by dividing the Excess Amount by the closing price of the Common
Stock on the New York Stock Exchange on the day the Committee certifies to the Board that one or more of the Performance Goals for such Performance Period have been attained. 
  
 6.6 Discretionary Authority. Notwithstanding any other provision of the Plan, the Committee shall have the
discretion, commencing with the 2004 Performance Period, to authorize bonus awards to Participants (including 

  

 4 

 
the Named Executive Officers) at the target level of performance for such Performance Period, whether or not the Performance Goals for such Performance
Period are achieved, and at above-target levels of performance to the extent Performance Goals for such Performance Period are exceeded; provided, however, that during any Performance Period in which a Change in Control occurs, bonus awards
otherwise payable in accordance with this Section 6.6 with respect to such Performance Period shall be prorated to the date of the consummation of the Change in Control. 
  
 ARTICLE 7 
  
 WITHHOLDING TAXES AND DEDUCTIONS 
  
 The Company shall have the right to deduct from any payment to be made pursuant to the Plan (i) the amount of any taxes required by law to be withheld
with respect to such payments and (ii) any amounts owed by Participant to the Company or any or its subsidiaries. 
  
 ARTICLE 8 
  
 NO RIGHT TO CONTINUED EMPLOYMENT OR AWARDS 
  
 No
employee shall have any claim or right to receive an Award, and the making of an Award shall not be construed as giving a Participant the right to be retained in the employ of the Company or any of its subsidiaries. Further, the Company and its
subsidiaries expressly reserve the right at any time to terminate the employment of any Participant free from any liability under the Plan; except that a Participant who meets or exceeds the Performance Goals for the Performance Period and was
actively employed for the full term of the Performance Period, will be eligible for an Award even though the Participant is not an active employee of the Company at the time Awards are made. 
  
 ARTICLE 9 
  
 NO FUNDING OF PLAN 
  
 The Plan shall constitute an “unfunded” plan of the Company, and nothing contained herein shall require the Company to fund or otherwise
aggregate any cash or other assets for payment to Participants under the Plan. The Company shall not be deemed by any provision of the Plan to be a trustee of any property. 
  
 ARTICLE 10 
  
 NONTRANSFERABILITY 
  
 Except as otherwise provided by law or by the Committee or Subcommittee, no Award shall be subject in any manner to anticipation, alienation, sale,
transfer, assignment, pledge, encumbrance, charge, garnishment, execution or levy of any kind, either voluntary or involuntary. Awards under the Plan shall be payable from the general assets of the Company, and no Participant shall have any claim
with respect to any specific assets of the Company. 
  

 5 

 ARTICLE 11 
  

AMENDMENT, MODIFICATION, SUSPENSION, OR TERMINATION 
  
 The Board may at any time and from time to time, without the consent of the Participants, alter, amend, revise, suspend, or discontinue the Plan in whole
or in part; provided, however, that no amendment which requires stockholder approval in order for the Plan and Awards under the Plan to continue to comply with Section 162(m) shall be effective unless such amendment shall be approved by the
requisite vote of the stockholders of the Company entitled to vote thereon. 
  
 ARTICLE 12 
  
 GOVERNING
LAW 
  
 The place of administration of the Plan shall be the
State of California. Notwithstanding the foregoing, the validity, construction and effect of the Plan and actions taken with respect thereto, as well as any rights relating thereto or arising therefrom, shall be determined solely in accordance with
the laws of the State of Delaware and applicable federal law. 
  
  
 ARTICLE 13 
  
 EFFECTIVE DATE 
  
 This Plan shall be effective as of January 1, 2000. Notwithstanding the foregoing, the adoption of this Plan is expressly conditioned upon approval by the Company’s stockholders at the annual meeting of the
Company’s stockholders held in 2000. Subject to earlier termination pursuant to Article 11 hereof, the Plan shall have a term of five years from its effective date. 
  
 ARTICLE 14 
  
 INDEMNIFICATION 
  
 No member of the Board or the Committee, nor any officer or employee of the Company acting on behalf of the Board or the Committee, shall be personally
liable for any action, determination, or interpretation taken or made in good faith with respect to the Plan, and all members of the Board or the Committee and each officer or employee of the Company acting on their behalf shall, to the extent
permitted by law, be fully indemnified and protected by the Company in respect of any such action, determination, or interpretation. 
  
 ARTICLE 15 
  
 INTERPRETATION 
  
 The Plan is designed to comply with Section 162(m), and all provisions hereof shall be construed in a manner consistent with that intent. 
  

 6

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