Document:

Exhibit 4.5

    
 

    Web.com
Group, Inc.

    2009
Inducement Award Plan

     

    Option
Grant Notice

     

    

    Web.com
Group, Inc. (the “Company”),
pursuant to its 2009 Inducement Award Plan (the “Plan”),
hereby grants to Optionholder an option to purchase the number of shares of the
Company’s Common Stock set forth below.  This option is subject to all
of the terms and conditions as set forth herein and the corresponding Grant
Acceptance referenced below.  The Grant Acceptance, which Grant
Acceptance is incorporated herein by this reference, was made available to
Optionholder electronically.  This option is also subject to all of
the terms and conditions as set forth in the Option Agreement, the Plan, and the
Notice of Exercise, all of which are attached hereto and incorporated herein in
their entirety.

     

    
      
        	
                Optionholder:

              	
                
                  As
      Indicated in the Grant Acceptance

                

              
	
                Date
      of Grant:

              	
                
                  As
      Indicated in the Grant Acceptance

                

              
	
                Vesting
      Commencement Date:

              	
                
                  As
      Indicated in the Grant Acceptance

                

              
	
                Number
      of Shares Subject to Option:

              	
                
                  As
      Indicated in the Grant Acceptance

                

              
	
                Exercise
      Price (Per Share):

              	
                
                  As
      Indicated in the Grant Acceptance

                

              
	
                Total
      Exercise Price:

              	
                
                  As
      Indicated in the Grant Acceptance

                

              
	
                Expiration
      Date:

              	
                
                  As
      Indicated in the Grant
Acceptance

                

              

      

    

     

    Type of Grant: As Indicated in
the Grant Acceptance

     

    
      	
              Exercise
      Schedule:

            	
              As
      Indicated in the Grant Acceptance

            

    

    

    
      	
              Payment:

            	
              By
      one or a combination of the following items (described in the Option
      Agreement):

            

    

     

    
      	
            	
              x

            	
              By
      cash or check

            

    

    
      	
            	
              x

            	
              Pursuant
      to a Regulation T Program if the Shares are publicly
  traded

            

    

    
      	
            	
              x

            	
              By
      delivery of already-owned shares if the Shares are publicly
      traded

            

    

     

    Additional
Terms/Acknowledgements: The undersigned Optionholder acknowledges receipt
of, and understands and agrees to, this Option Grant Notice, the Grant
Acceptance, the Option Agreement, and the Plan.  Optionholder further
acknowledges that as of the Date of Grant, this Option Grant Notice, the Grant
Acceptance, the Option Agreement and the Plan set forth the entire understanding
between Optionholder and the Company regarding the acquisition of stock in the
Company and supersede all prior oral and written agreements on that subject with
the exception of the following agreements only:

    

    
      
        
          
            	
                    Other
      Agreements:

                  	 
      
	 
      	 
      

          

        

      

    

     

    
      
        
          
            
              
                
                  
                    	
                            Web.com
      Group, Inc.

                          	 	
                            Optionholder:

                          
	 
      	 	 
      
	
                            By:

                          	 
      	 	 
      	 
      
	 
      	
                            Signature

                          	 	
                            Signature

                          
	 
      	 
      	 	 
      	 
      
	
                            Title:

                          	 
      	 	
                            Date:

                          	 
      
	 
      	 
      	 	 
      	 
      
	
                            Date:

                          	 
      	 	 
      	 
      

                  

                

              

            

          

        

      

    

    

    
      Attachments:  Option
Agreement, 2009 Inducement Award Plan, and Notice of
Exercise.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Attachment
I

    

    Web.com
Group, Inc.

    2009
Inducement Award Plan

     

    Option
Agreement

    (Nonstatutory
Stock Option)

     

    Pursuant
to your Option Grant Notice (“Grant
Notice”) and this Option Agreement, Web.com Group, Inc. (the “Company”)
has granted you an option under its 2009 Inducement Award Plan (the “Plan”) to
purchase the number of shares of the Company’s Common Stock indicated in your
Grant Notice at the exercise price indicated in your Grant
Notice.  Defined terms not explicitly defined in this Option Agreement
but defined in the Plan shall have the same definitions as in the
Plan.

     

    The
details of your option are as follows:

     

    1.           Vesting.  Subject
to the limitations contained herein, your option will vest as provided in your
Grant Notice and the corresponding grant acceptance referenced in the Grant
Notice, provided that vesting will cease upon the termination of your Continuous
Service.

     

    2.           Number of
Shares and Exercise Price.  The number of shares of Common
Stock subject to your option and your exercise price per share referenced in
your Grant Notice may be adjusted from time to time for Capitalization
Adjustments.

     

    3.           Exercise
Restriction for Non-Exempt Employees.  In the event that you
are an Employee eligible for overtime compensation under the Fair Labor
Standards Act of 1938, as amended (i.e., a “Non-Exempt
Employee”), you may not exercise your option until you have completed at
least six (6) months of Continuous Service measured from the Date of Grant
specified in your Grant Notice, notwithstanding any other provision of your
option.

     

    4.           Method of
Payment.  Payment of the exercise price is due in full upon
exercise of all or any part of your option.  You may elect to make
payment of the exercise price in cash or by check or in one or more of the
following manners:

     

    (a)           Provided
that at the time of exercise the Common Stock is publicly traded and quoted
regularly in The Wall Street
Journal, pursuant to a program developed under Regulation T as
promulgated by the Federal Reserve Board that, prior to the issuance of Common
Stock, results in either the receipt of cash (or check) by the Company or the
receipt of irrevocable instructions to pay the aggregate exercise price to the
Company from the sales proceeds.

     

    (b)           Provided
that at the time of exercise the Common Stock is publicly traded and quoted
regularly in The Wall Street
Journal, by delivery to the Company (either by actual delivery or
attestation) of already-owned shares of Common Stock that are owned free and
clear of any liens, claims, encumbrances or security interests, and that are
valued at Fair Market Value on the date of exercise.  “Delivery” for
these purposes, in the sole discretion of the Company at the time you exercise
your option, shall include delivery to the Company of your attestation of
ownership of such shares of Common Stock in a form approved by the
Company.  Notwithstanding the foregoing, you may not exercise your
option by tender to the Company of Common Stock to the extent such tender would
violate the provisions of any law, regulation or agreement restricting the
redemption of the Company’s stock.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5.           Whole
Shares.  You may exercise your option only for whole shares of
Common Stock.

     

    6.           Securities
Law Compliance.  Notwithstanding anything to the contrary
contained herein, you may not exercise your option unless the shares of Common
Stock issuable upon such exercise are then registered under the Securities Act
or, if such shares of Common Stock 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 your option also
must comply with other applicable laws and regulations governing your option,
and you may not exercise your option if the Company determines that such
exercise would not be in material compliance with such laws and
regulations.

     

    7.           Term.  You
may not exercise your option before the commencement or after the expiration of
its term.  The term of your option commences on the Date of Grant and
expires, subject to the provisions of Section 5(g) of the Plan, upon the
earliest of the following:

     

    (a)           three
(3) months after the termination of your Continuous Service for any reason other
than your Disability or death; provided, however, that if
(i) you are a Non-Exempt Employee, (ii) your Continuous Service terminates
within six (6) months after the Date of Grant specified in your Grant Notice,
and (iii) you have vested in a portion of your option at the time of your
termination of Continuous Service, your option shall not expire until the
earlier of (x) the later of (A) the date that is seven (7) months after the Date
of Grant specified in your Grant Notice or (B) the date that is three (3) months
after the termination of your Continuous Service, or (y) the Expiration
Date;

     

    (b)           twelve
(12) months after the termination of your Continuous Service due to your
Disability;

     

    (c)           eighteen
(18) months after your death if you die either during your Continuous Service or
within three (3) months after your Continuous Service terminates;
or

     

    (d)           the
Expiration Date indicated in your Grant Notice.

     

    8.           Exercise.

    
       

    

    (a)           You
may exercise the vested portion of your option during its term by delivering a
Notice of Exercise (in a form designated by the Company) together with the
exercise price to the Secretary of the Company, or to such other person as the
Company may designate, during regular business hours, together with such
additional documents as the Company may then require.

     

    (b)           By
exercising your option you agree that, as a condition to any exercise of your
option, the Company may require you to enter into an arrangement providing for
the payment by you to the Company of any tax withholding obligation of the
Company arising by reason of (i) the exercise of your option, or (ii) the
disposition of shares of Common Stock acquired upon such
exercise.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    9.           Transferability.  Your
option is not transferable, except by will or by the laws of descent and
distribution, and is exercisable during your life only by
you.  Notwithstanding the foregoing, by delivering written notice to
the Company, in a form satisfactory to the Company, you may designate a third
party who, in the event of your death, shall thereafter be entitled to exercise
your option.  In addition, you may transfer your option to a trust if
you are considered to be the sole beneficial owner (determined under Section 671
of the Code and applicable state law) while the option is held in the trust,
provided that you and the trustee enter into transfer and other agreements
required by the Company.

     

    10.           Option not
a Service Contract.  Your option is not an employment or
service contract, and nothing in your option shall be deemed to create in any
way whatsoever any obligation on your part to continue in the employ of the
Company or an Affiliate, or of the Company or an Affiliate to continue your
employment.

     

    11.           Withholding
Obligations.

     

      (a)           At
the time you exercise your option, in whole or in part, or at any time
thereafter as requested by the Company, you hereby authorize withholding from
payroll and any other amounts payable to you, and otherwise agree to make
adequate provision for (including by means of a “cashless exercise” pursuant to
a program developed under Regulation T as promulgated by the Federal Reserve
Board to the extent permitted by the Company), any sums required to satisfy the
federal, state, local and foreign tax withholding obligations of the Company or
an Affiliate, if any, which arise in connection with the exercise of your
option.

     

      (b)           Upon
your request and subject to approval by the Company, in its sole discretion, and
compliance with any applicable legal conditions or restrictions, the Company may
withhold from fully vested shares of Common Stock otherwise issuable to you upon
the exercise of your option a number of whole shares of Common Stock having a
Fair Market Value, determined by the Company as of the date of exercise, not in
excess of the minimum amount required to be withheld by law (or such lower
amount as may be necessary to avoid classification of your option as a liability
for financial accounting purposes).  Any adverse consequences to you
arising in connection with such share withholding procedure shall be your sole
responsibility.

     

      (c)           You
may not exercise your option unless the tax withholding obligations of the
Company and/or any Affiliate are satisfied.  Accordingly, you may not
be able to exercise your option when desired even though your option is vested,
and the Company shall have no obligation to issue a certificate for such shares
of Common Stock or release such shares of Common Stock from any escrow provided
for herein unless such obligations are satisfied.

     

    12.           Notices.  Any
notices provided for in your option or the Plan shall be given in writing and
shall be deemed effectively given upon receipt or, in the case of notices
delivered by mail by the Company to you, five (5) days after deposit in the
United States mail, postage prepaid, addressed to you at the last address you
provided to the Company.

     

    13.           Governing
Plan Document.  Your option is subject to all the provisions of
the Plan, the provisions of which are hereby made a part of your option, and is
further subject to all interpretations, amendments, rules and regulations, which
may from time to time be promulgated and adopted pursuant to the
Plan.  In the event of any conflict between the provisions of your
option and those of the Plan, the provisions of the Plan shall
control.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Attachment
II

     

    2009
Inducement Award Plan

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ATTACHMENT
III

     

    Notice
of Exercise

     

    Web.com
Group, Inc.

    Date of
Exercise: _______________

     

    Ladies
and Gentlemen:

     

    This
constitutes notice under my stock option that I elect to purchase the number of
shares for the price set forth below.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	
                                      Type
      of option:

                                    	 	
                                      Nonstatutory

                                    	 
	 
      	 	 	 
	
                                      Stock
      option dated:

                                    	 	
                                       

                                    	 
	 
      	 	 	 
	
                                      Number
      of shares as to which option is exercised:

                                    	 	
                                       

                                    	 
	 
      	 	 	 
	
                                      Shares
      to be issued in name of:

                                    	 	
                                       

                                    	 
	 
      	 	 	 
	
                                      Total
      exercise price:

                                    	 	$	 	 
	 
      	 	 	 	 
	
                                      Cash
      payment delivered herewith:

                                    	 	$	 	 
	 
      	 	 	 	 
	
                                      Value
      of ________ shares of Web.com Group, Inc. Common Stock delivered
      herewith1:

                                    	 	$	   	 

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    By this
exercise, I agree (i) to provide such additional documents as you may
require pursuant to the terms of the Web.com Group, Inc. 2009 Inducement Award
Plan and (ii) to provide for the payment by me to you (in the manner designated
by you) of your withholding obligation, if any, relating to the exercise of this
option.

     

    
      
        
          
            	 
      	
                    Very
      truly yours,

                  
	 	 
	 
      	 
      
	 
      	
                    Name

                  

          

        

      

    

     

    
      
        

      

    

    
      1           Shares must meet the public trading
requirements set forth in the option.  Shares must be valued on the
date of exercise in accordance with the terms of the Plan and the option being
exercised, and must be owned free and clear of any liens, claims, encumbrances
or security interests.  Certificates must be endorsed or accompanied
by an executed assignment separate from
certificate.EIGHTH
AMENDMENT TO

      FIFTH AMENDED AND RESTATED AGREEMENT OF
LIMITED PARTNERSHIP OF

      LEPERCQ CORPORATE INCOME FUND
L.P.

      

      This
EIGHTH AMENDMENT TO FIFTH
AMENDED AND RESTATED AGREEMENT OF LIMITED
PARTNERSHIP OF
LEPERCQ
CORPORATE INCOME FUND L.P. (this “Amendment”) is made
as of April 24, 2009 and effective as of March 26, 2009 by and among the
entities and individuals signatory hereto.

       

      A.           Lepercq Corporate Income Fund
L.P., a Delaware limited partnership (the “Partnership”), is
governed by that certain Fifth Amended and Restated Agreement of Limited
Partnership, dated as of December 31, 1996, as amended by Amendment No. 1
thereto dated as of December 31, 2000, by First Amendment thereto effective as
of June 19, 2003, by Second Amendment thereto effective as of June 30, 2003, by
Third Amendment thereto effective as of December 31, 2003, by Fourth Amendment
thereto effective as of October 28, 2004, by Fifth Amendment thereto effective
as of December 8, 2004, by Sixth Amendment thereto effective as of January 3,
2005, and by the Seventh Amendment thereto effective as of November 2, 2005 (the
“Agreement”).  Unless
otherwise defined, all capitalized terms used herein shall have such meaning
ascribed such terms in the Agreement.

       

      B.           Lex
GP-1 Trust, a Delaware statutory trust, is the General Partner of the
Partnership.

       

      C.           Pursuant
to Section 14.1.B.4 of the Agreement, the General Partner has the power, without
the consent of any other Partner, to amend the Agreement as may be required to
cure an ambiguity, correct or supplement any provision in the Agreement not
inconsistent with law or with other provisions.

       

      NOW, THEREFORE, the
undersigned, being desirous of effectuating the foregoing and amending the
Agreement accordingly, hereby enter into this Amendment, and amend the Agreement
and any supplement to the Agreement entered into prior to the date hereof, as
follows:

       

      1.           Amendment to Article
1.

       

      A.              The
defined term “Redemption Factor” is hereby deleted in its entirety and replaced
with the following:

       

      “Redemption Factor”
means 1.0, provided that in the event that LXP (i) declares or pays a dividend
on its outstanding REIT Shares in REIT Shares or makes a distribution to all
holders of its outstanding REIT Shares in REIT Shares, (ii) subdivides its
outstanding REIT Shares, or (iii) combines its outstanding REIT Shares into a
smaller number of REIT Shares, the Redemption Factor shall be adjusted by
multiplying the Redemption Factor in effect immediately before such event by a
fraction, the numerator of which shall be the number of REIT Shares issued and
outstanding on the record date for such dividend, distribution, subdivision or
combination (assuming for such purposes that such dividend, distribution,
subdivision or combination has occurred as of such time), and the denominator of
which shall be the actual number of REIT Shares (determined without the above
assumption) issued and outstanding on the record date for such dividend
distribution, subdivision or combination.  Any adjustment to the
Redemption Factor (x) with respect to clause (i) of the immediately preceding
sentence, shall become effective immediately after the effective date of such
event retroactive to the day after the record date, if any, for such event, and
(y) with respect to clauses (ii) or (iii) of the immediately preceding sentence,
shall become effective immediately after the effective date of such event
retroactive to the record date, if any, for such event.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      B.              The
following defined terms shall be added in alphabetical order to Article
1:

       

      “REIT Dividend Limited
Partners” means the Special Limited Partners, the Property Limited
Partners, the Dubuque Limited Partners, the Pacific Place Limited Partners, the
Phoenix Limited Partners, the Savannah Limited Partners, the Anchorage Limited
Partners, the Columbia Limited Partners, the LPM Limited Partners, the 12/31/03
Limited Partners, the Montgomery Limited Partners, and the Westport Limited
Partners.

       

      “REIT Limited Partner
Units” shall mean those Partnership Units issued to REIT Dividend Limited
Partners pursuant to Section 4.1 and 4.2.

       

      “REIT Dividend Limited
Partner Unit Distribution Amounts” means such amounts of distributions
for each REIT Dividend Limited Partner Unit that is equal to (x) the amount of
cash distributions made in respect of one REIT Share outstanding on any given
date multiplied by (y) the Redemption Factor on the applicable record date, such
amount of REIT Dividend Limited Partner Unit Distribution Amounts being adjusted
from time to time in accordance with the Redemption Factor.

       

      2.           Amendment to Section
5.1.  Section 5.1 of the Agreement is hereby deleted in its
entirety and replaced with the following:

       

      A.              General.  The
General Partner shall distribute quarterly an amount equal to 100% of the
Operating Cash Flow generated by  the Partnership during such quarter
to the Partners, who are Partners on the Partnership Record Date with respect to
such quarter in accordance with their respective Percentage Interests on such
Partnership Record Date; provided, that in no event may
a Partner receive a distribution of Operating Cash Flow with respect to a
Partnership Unit if such Partner is entitled to receive a distribution out of
such Operating Cash Flow with respect to a REIT Share for which such Partnership
Unit has been redeemed or exchanged.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      B.              REIT Dividend Limited
Partners.  For purposes of this Section 5.1, each REIT Dividend
Limited Partner shall be entitled to receive distributions with respect to each
Partnership Unit equal to the REIT Dividend Limited Partner Unit Distribution
Amount.

       

      C.              Red Butte Limited
Partners.  Notwithstanding Section 5.1.A, each Red Butte
Limited Partner's share of Operating Cash Flow (other than The LCP Group, L.P.
and Richard J. Rouse) shall be limited to a cash distribution of $0.27 per
Partnership Unit per quarter ($1.08 per Partnership Unit per annum), provided, that if LXP
reduces its dividend below $1.08 then the distribution to which each Red Butte
Limited Partner is entitled shall be reduced by the percentage reduction in the
LXP dividend.  The LCP Group, L.P. and Richard J. Rouse shall be
entitled to cash distributions of $0.27 per Partnership Unit per quarter ($1.08
per Partnership Unit per annum) or such lower dividend rate as is payable with
respect to the common stock of LXP.

       

      D.              Expansion Limited
Partners.  Notwithstanding Section 5.1.A, LCP (with
respect to all Partnership Units received in connection with the admission of
Expansion Limited Partners) and those Expansion Limited Partners that receive
their Partnership Units as a result of holding a partnership interest in Toy
Properties Associates II or Toy Properties Associates V, shall receive a share
of Operating Cash Flow limited to a cash distribution of $0.28 per Partnership
Unit per quarter ($1.12 per Partnership Unit per annum), provided, that if LXP
reduces its dividend below $1.12 then the distribution to which such Expansion
Limited Partner is entitled shall be reduced by the percentage reduction in the
LXP dividend.  Those Expansion Limited Partners that receive their
Partnership Units as a result of holding partnership interests in Fort Street
Partners will be entitled to a cash distribution of $0.28 per Partnership Unit
per quarter ($1.12 per Partnership Unit per annum), provided, that if LXP
reduces its dividend below $1.12 then the distribution to which such Expansion
Limited Partner is entitled shall be reduced by the percentage reduction in the
LXP dividend.

       

      3.      Amendment to Section
6.1(c).  Section 6.1(c) of the Agreement is hereby deleted in
its entirety and replaced with the following:

       

      For
purposes of Reg Section 1.752-3(a)(3), the Partners agree that Nonrecourse
Liabilities of the Partnership in excess of the sum of the amount of Partnership
Minimum Gain and the total amount of Nonrecourse Built In Gain shall be
allocated first to account for any income or gain to be allocated to
the Property Limited Partners, Red Butte Limited Partners and the Expansion
Limited Partners pursuant to Sections 2B and 2D of Exhibit C and then among
the Partners in accordance with their respective Percentage Interests, or as is
otherwise permissible in accordance with Regulation Section
1.752-3(a)(3).

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      4.      Miscellaneous.  Except as amended hereby,
the Agreement shall remain unchanged and in full force and
effect.

       

      

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BLANK]

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

         

      

      IN
WITNESS WHEREOF, the parties hereto have executed this Amendment on behalf of
the Partnership in accordance with the provisions of Section 14.1 of the
Agreement as of the date first written above.

       

      
        
          
            
              
                
                  
                    	 	GENERAL
    PARTNER:	 
	 	 	 
	 	LEX GP-1 TRUST	 
	 	 	 	 
	
                             

                          	
                            By:
      

                          	/s/ T.
      Wilson Eglin	 
	 	 	T.
      Wilson Eglin	 
	 	 	President	 

                  

                

              

            

          

        

      

      Consented to by a Majority of the
Special Limited Partners:

      

      THE
LCP GROUP L.P.

      

      By: Third
Lero Corp., its general partner

      

      
        
          
            
              
                
                  
                    
                      
                        	 	 	 	 	 	 
	By:	
                                /s/
      E. Robert Roskind

                              	 	 	
                                 

                              	 
	E.
      Robert Roskind	 	 	
                                 

                              	 
	President	 	 	
                                 

                              	 

                      

                    

                  

                

              

            

          

        

      

       

      
        
          
          

        

        
          1-1

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