Document:

EX-10.1

 Exhibit 10.1 
 SEVENTH AMENDMENT TO LEASE 
 THIS SEVENTH AMENDMENT TO
LEASE (this “Amendment”) is made and entered into as of April 5, 2013, by and between LT KIRKLAND 405, LLC, a Delaware limited liability company (“Landlord”), and MARKET LEADER, LLC, a Washington
limited liability company (“Tenant”). 
 RECITALS 

 

	A.	 Landlord (as successor in interest to MEPT Kirkland Office II LLC, a Delaware limited liability company, as successor in interest to Multi-Employer
Property Trust, a trust organized under 12 C.F.R. Section 9.18) and Tenant (formerly known as HouseValues, Inc., a Washington corporation) are parties to that certain Lease dated November 1, 2004 (the “Original Lease”),
which Original Lease has been previously amended by that certain First Amendment to Lease dated as of May 26, 2005, that certain Second Amendment to Lease dated as of October 14, 2005 (the “Second Amendment”), that certain
Third Amendment to Lease dated as of March 1, 2009, that certain Fourth Amendment to Lease dated as of May 26, 2009 and that certain Fifth Amendment to Lease dated as of November 9, 2012, and that certain Sixth Amendment to Lease,
dated as of February 4, 2013 (collectively, the “Lease”). Pursuant to the Lease, Landlord has leased to Tenant space currently containing approximately 28,941 rentable square feet (the “Premises”) located on
the first floor and the second floors of the building located at 11332 NE 122nd Way, Kirkland, Washington 98034 (the “Building”), commonly known as Building A-2. The legal description of the Building is attached hereto as Exhibit
A. The Building is a part of the project commonly known as Kirkland 405 Corporate Center. 

  

	B.	 The Lease by its terms shall expire on August 31, 2013 (“Prior Termination Date”), and the parties desire to extend the Lease
Term, all on the following terms and conditions. 

 NOW, THEREFORE, in consideration of
the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and Tenant agree as follows: 

 

	1.	 Extension. The Lease Term is hereby extended for a period of four (4) months and shall expire on December 31, 2013
(“Third Extended Termination Date”), unless sooner terminated in accordance with the terms of the Lease. That portion of the Lease Term commencing the day immediately following the Prior Termination Date (“Third Extension
Date”) and ending on the Third Extended Termination Date shall be referred to herein as the “Third Extended Term”. 

  

	2.	 Base Rent. As of the Third Extension Date, the schedule of Base Rent payable with respect to the Premises during the Third Extended
Term is the following: 

  

											
	        Period        
	  	
      Rentable Square      
Footage

 
	  	      Monthly Base 
Rent      	  	 	  	 	  	 
	        8/1/13 – 12/31/13    
    	  	28,941	  	$46,505.72	  		  		  	

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

 

	3.	 Additional Security Deposit. No additional Security Deposit shall be required in connection with this Amendment.

  
 1 

	4.	 Additional Rent. For the period commencing with the Third Extension Date and ending on the Third Extended Termination Date, Tenant
shall pay all Additional Rent payable under the Lease, including Tenant’s Pro Rata Share of Operating Costs applicable to the Premises, in accordance with the terms of the Lease, as amended hereby. 

 

	5.	 Improvements to Premises. 

  

	 	5.1	 Condition of Premises. Tenant is in possession of the Premises and accepts the same “as is” without any agreements,
representations, understandings or obligations on the part of Landlord to perform any alterations, repairs or improvements, except as may be expressly provided otherwise in this Amendment. 

 

	 	5.2	 Responsibility for Improvements to Premises. Any construction, alterations or improvements to the Premises shall be performed by Tenant at
its sole cost and expense using contractors selected by Tenant and approved by Landlord and shall be governed in all respects by the terms of the Lease, as amended hereby. 

 

	6.	 Miscellaneous. 

  

	 	6.1	 This Amendment sets forth the entire agreement between the parties with respect to the matters set forth herein. There have been no additional oral
or written representations or agreements. Under no circumstances shall Tenant be entitled to any rent abatement, improvement allowance, leasehold improvements, or other work to the Premises, or any similar economic incentives that may have been
provided Tenant in connection with entering into the Lease, unless specifically set forth in this Amendment. 

  

	 	6.2	 Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged and in full force and effect. In the
case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this Amendment shall govern and control. The capitalized terms used in this Amendment shall have the same definitions as set forth in the Lease to
the extent that such capitalized terms are defined therein and not redefined in this Amendment. 

  

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

  

	 	6.4	 Tenant hereby represents to Landlord that Tenant has dealt with no broker other than Washington Partners in connection with this Amendment. Tenant
agrees to indemnify and hold Landlord and its members, principals, beneficiaries, partners, officers, directors, employees, mortgagee(s) and agents, and the respective principals and members of any such agents harmless from all claims of any other
brokers claiming to have represented Tenant in connection with this Amendment. 

  

	 	6.5	 Each signatory of this Amendment represents hereby that he or she has the authority to execute and deliver the same on behalf of the party hereto
for which such signatory is acting. Tenant hereby represents and warrants that neither Tenant, nor any persons or entities holding any legal or beneficial interest whatsoever in Tenant, are (i) the target of any sanctions program that is
established by Executive Order of the President or published by 

  
 2 

	 	 
the Office of Foreign Assets Control, U.S. Department of the Treasury (“OFAC”); (ii) designated by the President or OFAC pursuant to the Trading with the Enemy Act, 50
U.S.C. App. § 5, the International Emergency Economic Powers Act, 50 U.S.C. §§ 1701-06, the Patriot Act, Public Law 107-56, Executive Order 13224 (September 23, 2001) or any Executive Order of the President issued pursuant to such
statutes; or (iii) named on the following list that is published by OFAC: “List of Specially Designated Nationals and Blocked Persons.” If the foregoing representation is untrue at any time during the Third Extended Term, an Event of
Default under the Lease will be deemed to have occurred, without the necessity of notice to Tenant. 

[SIGNATURE PAGE FOLLOWS] 

  
 3 

 IN WITNESS WHEREOF, Landlord and Tenant have entered into and executed this Amendment as of
the date first written above. 
  

											
	LANDLORD:	 		 	TENANT:	 	
				
	 LT KIRKLAND 405, LLC,
 a Delaware limited liability company
	 		 	 MARKET LEADER, LLC,
 a Washington Limited Liability Company
	 	
				
	By:                           
                                         
      	 		 	By:                           
                                         
     	 	
				
	Name:                           
                                         
	 		 	Name:                           
                                        
	 	
				
	Title:                          
                                         
   	 		 	Title:                          
                                         
  	 	

 [NOTARY PAGE FOLLOWS] 

  
 4 

 LANDLORD ACKNOWLEDGEMENT 

 

					
	STATE OF	 	  
	 	  )

					
		 		 	)
	COUNTY OF	 	  
	 	)ss:

 On
                                         
   , 2013, before me,
                                         
               , Notary Public, personally appeared
                                         
       , who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the instrument and acknowledged to me that he/she executed the same in his/her authorized capacity,
and that by his/her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. 
 I
certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. 
 WITNESS my hand
and official seal. 
  

					
		 	  
	 	
		 	Notary Public	 	

 TENANT ACKNOWLEDGEMENT 

 

					
	STATE OF WASHINGTON    	 	)	  	
		 	)	  	        ss.
	COUNTY OF KING	 	)	  	

 I certify that I know or have satisfactory evidence that
                                        
 is the person who appeared before me, and said person acknowledged that he signed this instrument, on oath stated that he was authorized to execute the instrument and acknowledged it as the
                                        
 of MARKET LEADER, LLC, a Washington limited liability company to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. 

 

											
	Dated:	 	  
	 		 	  
	 	
		 		 		 	(Signature)	 		 	
	 (Seal or stamp)

 
	 		 	  
	 	
		 		 		 	Title	 		 	
						
		 		 		 	My appointment expires	 	  
	 	

  
 5 

 EXHIBIT A - LEGAL DESCRIPTION 

attached to and made a part of the Amendment dated as of April 5, 2013 

LT KIRKLAND 405, LLC, a Delaware limited liability company, as Landlord and 

MARKET LEADER, LLC, a Washington limited liability company, as Tenant 

Lot 1-A-2 of Kirkland 405 Corporate Center, a binding site plan, as per plat recording in Volume 154 of Plats, pages 58 through 64,
records of King County; Situated in the City of Kirkland, County of King, State of Washington. 

  
 A-1EX-10.2

 Exhibit 10.2 
 Market Leader, Inc. 
 AMENDED AND RESTATED 2004 EQUITY INCENTIVE PLAN 

STOCK APPRECIATION RIGHT GRANT NOTICE 
 Market Leader, Inc. (the” Company”) here by grants to Participant a Stock Appreciation Right (the” SAR”) with respect to shares of the Company’s Common Stock. The SAR is subject to all the
terms and conditions set forth in this Stock Appreciation Right Grant Notice (this “Grant Notice”) and in the Stock Appreciation Right Agreement and the Company’s Amended and Restated 004 Equity Incentive Plan (the” Plan”),
which are attached to and incorporated in to this Grant Notice in their entirety. 
  

			
	Participant:	    	<First_Name>< Last_Name>
		
	Grant Date:	    	<award_date>
		
	Vesting Commencement Date:	    	<award_date>
		
	Number of Shares Subject to SAR:	    	<shares_awarded>
		
	Grant Price (per Share):	    	<award_price>
		
	SAR Expiration Date:	    	
		    	     <expire_Date> (subject to earlier termination in accordance with the terms of the Plan and the Stock Appreciation Right
Agreement)

		
	Vesting and Exercisability Schedule:	    	[To Insert]

Additional Terms/Acknowledgement:                   By
clicking “Accept“ below, I understand and agree to, this Grant Notice, the Stock Appreciation Right Agreement, the Plan summary, and the Plan. I further acknowledge that as of the Grant Date, the for going documents set forth the entire
understanding between me and the Company regarding the SAR and supersede all prior oral and written agreement son the subject. 

 Market Leader, Inc. 
 AMENDED AND RESTATED 2004 EQUITY INCENTIVE PLAN 
 STOCK APPRECIATION RIGHT AGREEMENT

 Pursuant to your Stock Appreciation Right Grant Notice (the “Grant Notice”) and this Stock Appreciation Right Agreement
(this “Agreement”), Market Leader, Inc. has granted you a Stock Appreciation Right (the “SAR”) under its Amended and Restated 2004 Equity Incentive Plan (the “Plan”) with respect to the number of shares of the
Company’s Common Stock indicated in your Grant Notice (the “Shares”) at the grant price indicated in your Grant Notice. Capitalized terms not explicitly defined in this Agreement but defined in the Plan shall have the same definitions
as in the Plan. 
 The details of the SAR are as follows: 
 1. Vesting and Exercisability. Subject to the limitations contained herein, the SAR will vest and become exercisable as provided in your Grant Notice, provided that vesting will cease upon your Termination
of Service and the unvested portion of the SAR will terminate. 
 2. Securities Law Compliance. Notwithstanding any other provision
of this Agreement, you may not exercise the SAR unless the Shares issuable upon exercise are registered under the Securities Actor, if such Shares are not then so registered, the Company has determined that such exercise and issuance would be exempt
from the registration requirements of the Securities Act. The exercise of the SAR must also comply with other applicable laws and regulations governing the SAR, and you may not exercise the SAR if the Company determines that such exercise would not
be in material compliance with such laws and regulations. 
 3. Exercise of SAR. You may exercise the SAR by giving written notice
to the Company, inform and substance satisfactory to the Company, which will state your election to exercise the SAR and the number of Shares for which you are exercising the SAR. Subject to Section 6 of this Agreement, following receipt of
notice of exercise from you, the Company will make payment to you in one or a combination of the following methods, as determined in the Committee’s sole discretion: (a) a cash payment equal to the excess, if any, of the then Fair Market
Value of one share of Common Stock over the Grant Price (per Share) of the SAR, multiplied by the number of Shares for which the SAR is exercised or (b) issuance of that number of shares of Common Stock determined by dividing (x) the
excess, if any, of the then Fair Market Value of one share of Common Stock over the Grant Price (per Share) of the SAR, multiplied by the number of Shares for which the SAR is exercised by (y) the then Fair Market Value of one share of Common
Stock (any fractional shares resulting from this calculation will be paid in cash). 
 4. Treatment Upon Termination of Employment or
Service Relationship. The unvested portion of the SAR will terminate automatically and without further notice immediately upon your Termination of Service. You may exercise the vested portion of the SAR as follows: 

(a) General Rule. You must exercise the vested portion of the SAR on or before the earlier of (i) three months after your Termination of
Service and (ii) the SAR Expiration Date; 
 (b) Retirement or Disability. If your employment or service relationship terminates
due to Retirement or Disability, you must exercise the vested portion of the SAR on or before the earlier of (i) one year after your Termination of Service and (ii) the SAR Expiration Date; 

(c) Death. If your employment or service relationship terminates due to your death, the vested portion of the SAR must be exercise do nor
before the earlier of (i) one year after your Termination of Service and (ii) the SAR Expiration Date. If you die after your Termination of Service but while the SAR is still exercisable, the vested portion of the SAR may be exercised until the
earlier of (x) one year after the date of death and (y) the SAR Expiration Date; and 
 (d) Cause. The vested portion of the SAR
will automatically expire at the time the Company first notifies you of your Termination of Service for Cause, unless the Committee determines otherwise. If your employment or service relationship is suspended pending an investigation of whether you
will be terminated for Cause, all your rights under the SAR like wise will be suspended during the period of investigation. If any facts that would constitute termination for Cause are discovered after your Termination of Service, any SAR you then
hold may be immediately terminated by the Committee. 

 It is your responsibility to be aware of the date the SAR terminates. 

5. Limited Transferability. During your lifetime only you can exercise the SAR. The SAR is not transferable except by will or by the
applicable laws of descent and distribution. The Plan provides for exercise of the SAR by a beneficiary designated on a Company-approved form or the personal representative of you restate. Not with standing the foregoing, the Committee, in its sole
discretion, may permit you to assign or transfer the SAR, subject to such term sand conditions as specified by the Committee. 
 6.
Withholding Taxes. As a condition to the exercise of any portion of the SAR, you must make such arrangements as the Company may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in
connection with such exercise. 
 7. SAR Not an Employment or Service Contract. Nothing in the Plan or any Award granted under the
Plan will be deemed to constitute an employment contractor confer or be deemed to confer any right for you to continue in the employ of, or to continue any other relationship with, the Company or any Related Company or limit in any way the right of
the Company or any Related Company to terminate your employment or other relationship at anytime, with or without Cause. 
 8. No Right
to Damages. You will have no right to bring a claim or to receive damages if you are required to exercise the vested portion of the SAR within three months (one year in the case of Retirement, Disability or death) of your Termination of Service
or if any portion of the SAR is cancelled or expires unexercised. The loss of existing or potential profit in Awards will not constitute an element of damages in the event of your Termination of Service for any reason even if the termination is in
violation of an obligation of the Company or a Related Company to you. 
 9. Binding Effect. This Agreement will inure to the
benefit of the successors and assigns of the Company and be binding upon you and your heirs, executors, administrators, successors and assigns. 
 10. Section 409A Compliance. Notwithstanding any provision in the Plan or this Agreement to the contrary, the Committee may, at any time and without your consent, modify the terms of the SAR as it determines
appropriate to avoid the imposition of interest or penalties under Section 409A of the Code; provided, however, that the Committee makes no representations that the SAR shall be exempt from or comply with Section 409A of the Code and makes
no undertaking to preclude Section 409A of the Code from applying to the SAR. 
 11. Accelerated Vesting. Notwithstanding
anything set forth above or in the Plan: 
 (a) Termination of Employment. In the event (a) you terminate your employment for “Good
Reason” (as defined in your Employment Agreement), 100% of the unvested portion of the Stock Appreciation Right (the “SAR”) will automatically become vested and exercisable immediately prior to termination, or (b) the Company
terminates your employment other than for “Cause” (as defined in your Employment Agreement), the unvested portion of the SAR that would have been exercisable as of the fourth quarterly vesting following termination will automatically
become vested and exercisable immediately prior to termination. 
 (b) Corporate Transaction. Upon a Company Transaction that is not a
Related Party Transaction (as defined in the Plan), 50% of the unvested portion of the SAR will automatically become vested and exercisable and the remaining unvested portion of the SAR will vest in equal quarterly increments over the shorter of (i)
two years immediately following such Company Transaction, or (ii) the amount of time remaining under the SAR’s original vesting schedule. This provision is in addition to, and not in lieu of, any other rights provided in the Plan concerning the
effect of a Company Transaction on outstanding SARs. 

  
 -2-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00217-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00217-of-00352.parquet"}]]