Document:

Exhibit
10.9

 

PHG/CWP/kt

10/24/07

 

THIRD LEASE
AMENDMENT

 

THIS THIRD LEASE AMENDMENT (the “Amendment”) is executed this 8th  day of November, 2007 and effective as of the 1st day of October,
2007 by and between DUGAN FINANCING LLC, a Delaware limited liability company (“Landlord”),
and GAIAM, INC., a Colorado corporation (“Tenant”).

 

W  I  T
N  E  S  S  E  T  H :

 

WHEREAS, Duke-Weeks Realty Limited Partnership, as predecessor in
interest to Landlord, and Tenant entered into a certain lease dated December 16,
1999, as amended April 12, 2000 and October 5, 2005 (collectively, the
“Lease”), whereby Tenant leases from Landlord certain premises consisting of
approximately 208,120 square feet of space (the “Leased Premises”) in a
building commonly known as World Park at Union Centre, Building No. 8, located
at 9107 Meridian Way, Cincinnati, Ohio 45069; and

 

WHEREAS, Tenant is currently holding over in the Leased Premises and
Landlord and Tenant desire to extend the Lease Term; and

 

WHEREAS, Landlord and Tenant desire to amend certain provisions of the
Lease to reflect such extension and other changes to the Lease;

 

NOW, THEREFORE, in consideration of the foregoing premises, the mutual
covenants herein contained and each act performed hereunder by the parties, Landlord
and Tenant hereby agree that the Lease is amended as follows:

 

1.                                       Incorporation of Recitals. The above
recitals are hereby incorporated into this Amendment as if fully set forth
herein.

 

2.                                       Extension of Lease Term. The Lease
Term is hereby extended through June 30, 2010.

 

3.                                       Amendment of Section 1.01. Basic
Lease Provisions and Definitions. Effective October 1, 2007, Section 1.01
of the Lease is hereby amended by deleting subsections D, E, G and K and
substituting the following in lieu thereof:

 

“D.                              Minimum Annual
Rent:

 

	
  October 1,
  2007 - October 31, 2007

  	
   

  	
  $56,886.13
  (1 month)

  
	
  November 1,
  2007 - October 31, 2008

  	
   

  	
  $597,304.44
  per year

  
	
  November 1,
  2008 - October 31, 2009

  	
   

  	
  $609,791.64
  per year

  
	
  November 1,
  2009 - June 30, 2010

  	
   

  	
  $414,852.56
  (8 months);

  

 

 

E.                                      Monthly Rental
Installments:

 

	
  October 1,
  2007 - October 31, 2007

  	
   

  	
  $ 56,886.13 per month

  
	
  November 1,
  2007 - October 31, 2008

  	
   

  	
  $ 49,775.37 per month

  
	
  November 1,
  2008 - October 31, 2009

  	
   

  	
  $ 50,815.97 per month

  
	
  November 1,
  2009 - June 30, 2010

  	
   

  	
  $ 51,856.57 per month;

  

 

G.                                    Lease Term: extended through
June 30, 2010;

 

K.                                   Brokers: Duke
Realty Services, LLC representing Landlord, and Colliers Turley Martin Tucker
representing Tenant;”

 

4.                             Amendment of Section 2.02. Construction
of Tenant Improvements. Section 2.02 of the Lease is hereby
amended by incorporating the following:

 

“Tenant is presently in
possession of the Leased Premises, has inspected the same, and accepts the same
“AS IS” without representation or warranty by Landlord of any kind and with the
understanding that Landlord shall have no responsibility with respect thereto. Tenant
acknowledges that the tenant finish improvements in Exhibit B, Exhibit B-l  and
Exhibit B-2  have been
completed in a satisfactory manner.”

 

5.                                      Amendment of Section 9.02. Tenant’s
Insurance. Section 9.02 of the Lease is hereby amended as
follows:

 

(a)                                  Subparagraph B. of Section 9.02
of the Lease is hereby deleted in its entirety and the following shall be
substituted in lieu thereof:

 

“B.                               Commercial
General Liability Insurance (which insurance shall not exclude blanket, contractual
liability, broad form property damage, personal injury, or fire damage coverage)
covering the Leased Premises and Tenant’s use thereof against claims for bodily
injury or death and property damage, which insurance shall provide coverage on
an occurrence basis with a per occurrence limit of not less than $11,000,000
for each policy year, which limits may be satisfied by any combination of
primary and excess or umbrella per occurrence policies.”

 

(b)                                 Subparagraph D. of Section 9.02
of the Lease is hereby amended by adding the following: “with limits of not
less than an amount equal to two (2) years rent hereunder.”

 

(c)                                  The last paragraph of Section 9.02
of the Lease is hereby deleted in its entirety and the following shall be
substituted in lieu thereof:

 

“All insurance required by
Tenant hereunder shall (i) be issued by one or more insurance companies
reasonably acceptable to Landlord, licensed to do business in the State in
which the Leased Premises is located and having an AM Best’s rating of A IX or
better, and (ii) provide that said insurance shall not be materially
changed, canceled or permitted to lapse on less than thirty (30) days’ prior
written notice to Landlord. In addition, Tenant’s insurance shall protect
Tenant and Landlord as their interests may appear, naming Landlord, Landlord’s
managing agent, and any mortgagee requested by Landlord, as additional insureds
under its commercial general liability policies. On or

 

2

 

before November 1, 2007, and thereafter, within
thirty (30) days prior to the expiration of each such policy, Tenant shall
furnish Landlord with certificates of insurance in the form of ACORD 25 or
ACORD 25-S (or other evidence of insurance reasonably acceptable to Landlord), evidencing
all required coverages, together with a copy of the endorsements to Tenant’s
commercial general liability policies evidencing primary and non-contributory
coverage afforded to the appropriate additional insureds. Upon Tenant’s receipt
of a request from Landlord, Tenant shall provide Landlord with copies of all
insurance policies, including all endorsements, evidencing the coverages
required hereunder. If Tenant fails to carry such insurance and furnish Landlord
with such certificates of insurance or copies of insurance policies (if
applicable), Landlord may obtain such insurance on Tenant’s behalf and Tenant
shall reimburse Landlord upon demand for the cost thereof as Additional Rent. Landlord
reserves the right from time to time to require Tenant to obtain higher minimum
amounts or different types of insurance if it becomes customary for other
landlords of similar buildings in the area to require similar sized tenants in
similar industries to carry insurance of such higher minimum amounts or of such
different types.”

 

6.                                       Amendment of Section 16.17. Option to
Extend. Section 16.17 of the Lease is hereby deleted in its
entirety and shall be of no further force or effect.

 

7.                                       Amendment of Article 16. Miscellaneous.
Article 16 of the Lease is hereby amended by adding the following
additional section:

 

“Section 16.18. Patriot
Act. Each of Landlord and Tenant, each as to itself, hereby represents its
compliance with all applicable anti-money laundering laws, including, without
limitation, the USA Patriot Act, and the laws administered by the United States
Treasury Department’s Office of Foreign Assets Control, including, without
limitation, Executive Order 13224 (“Executive Order”). Each of Landlord and
Tenant further represents (i) that it is not, and it is not owned or
controlled directly or indirectly by any person or entity, on the SDN List
published by the United States Treasury Department’s Office of Foreign Assets
Control and (ii) that it is not a person otherwise identified by
government or legal authority as a person with whom a U.S. Person is prohibited
from transacting business. As of the date hereof, a list of such designations
and the text of the Executive Order are published under the internet website
address www.ustreas.gov/offices/enforcement/ofac.”

 

8.                                       Brokerage
Commissions. The parties hereby represent and warrant that the
only real estate brokers involved in the negotiation and execution of this
Amendment are Duke Realty Services Limited Partnership, representing Landlord, and
Colliers Turley Martin Tucker, representing Tenant. Each party shall indemnify
the other party from any and all liability for the breach of this
representation and warranty on its part and shall pay any compensation to any
other broker or person who may be entitled thereto.

 

9.                                       Tenant’s
Representations and Warranties. The undersigned represents
and warrants to Landlord that (i) Tenant is duly organized, validly
existing and in good standing in accordance with the laws of the state under
which it was organized; (ii) all action necessary to authorize the
execution of this Amendment has been taken by Tenant; and (iii) the
individual executing and delivering this Amendment on behalf of Tenant has been
authorized to do so, and such execution and delivery shall bind Tenant. Tenant,
at Landlord’s request, shall provide Landlord with evidence of such authority.

 

3

 

10.                               Examination of Amendment. Submission of
this instrument for examination or signature to Tenant does not constitute a
reservation or option, and it is not effective until execution by and delivery
to both Landlord and Tenant.

 

11.                               Definitions. Except as
otherwise provided herein, the capitalized terms used in this Amendment shall have
the definitions set forth in the Lease.

 

12.                               Incorporation. This
Amendment shall be incorporated into and made a part of the Lease, and all
provisions of the Lease not expressly modified or amended hereby shall remain
in full force and effect.

 

(SIGNATURES CONTAINED ON FOLLOWING PAGE)

 

4

 

IN
WITNESS WHEREOF, the parties have caused this Amendment to be executed
on the day and year first written above.

 

	
   

  	
  LANDLORD:

  
	
   

  	
   

  
	
   

  	
  DUGAN
  FINANCING LLC,

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Dugan
  Realty, L.L.C., its sole member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Duke
  Realty Limited Partnership, its manager

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Duke
  Realty Corporation, its general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Jon C. Burger

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Jon C. Burger

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Senior
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Cincinnati
  Group

  

 

 

	
  STATE OF OHIO

  	
  )

  
	
   

  	
  )
  SS:

  
	
  COUNTY OF HAMILTON

  	
  )

  

 

Before me, a Notary Public in and for said County
and State, personally appeared Jon C. Burger, by me known to be the Senior Vice
President, Cincinnati Group of Duke Realty Corporation, the general partner of
Duke Realty Limited Partnership, the manager of Dugan Realty, L.L.C., the sole
member of Dugan Financing LLC, a Delaware limited liability company, who
acknowledged the execution of the foregoing “Third Lease Amendment” on behalf
of said limited liability company.

 

WITNESS my hand and Notarial
Seal this 8th  day
of November, 2007.

 

	
  

  	
   

  	
   

  
	
   

  	
  /s/ Rose
  Andriacco

  
	
   

  	
  Notary
  Public

  
	
  ROSE ANDRIACCO

  	
   

  
	
  Notary Public, State of Ohio

  	
   

  
	
  My Commission Expires March 8, 2010

  	
   

  
	
   

  	
   

  
	
   

  	
  (Printed
  Signature)

  
				

 

	
  My
  Commission Expires:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  My
  County of Residence:

  	
   Clermont

  	
   

  

 

5

 

	
   

  	
  TENANT:

  
	
   

  	
   

  
	
   

  	
  GAIAM,
  INC., a Colorado corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mark Lipien

  
	
   

  	
   

  	
   

  
	
   

  	
  Printed:

  	
  Mark Lipien

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  VP

  
					

 

 

	
  STATE OF  COLORADO

  	
  )

  	
   

  
	
   

  	
  )
  SS:

  	
   

  
	
  COUNTY OF BROOMFIELD

  	
  )

  	
   

  

 

Before me, a Notary Public in and for said County and State, personally
appeared Mark Lipien, by me known and by me known to be the VP of Gaiam, Inc., a Colorado
corporation, who acknowledged the execution of the foregoing “Third Lease
Amendment” on behalf of said corporation.

 

WITNESS my hand and Notarial Seal this 1st day of November, 2007.

 

 

	
   

  	
  /s/ Chelli Lalik

  
	
   

  	
  Notary
  Public

  
	
   

  	
   

  
	
   

  	
  Chelli
  Lalik

  
	
   

  	
  (Printed
  Signature)

  

 

	
  My
  Commission Expires: 

  	
  4-12-08

  	
   

  
	
   

  	
   

  	
   

  
	
  My
  County of Residence: 

  	
    Jefferson

  	
   

  

 

6Exhibit
10.10

 

CWP/LMS/kt 

09/25/09

 

FOURTH
LEASE AMENDMENT

 

THIS FOURTH LEASE AMENDMENT (the “Fourth Amendment”) is executed this 7th day of October, 2009, by
and between DUGAN FINANCING, LLC, a Delaware limited liability company (“Landlord”),
and GAIAM, INC., a Colorado corporation (“Tenant”).

 

W  I  T
N  E  S  S  E  T  H :

 

WHEREAS, Duke-Weeks Realty Limited Partnership, as predecessor in
interest to Landlord, and Tenant entered into a certain lease dated December 16,1999,
as amended April 12, 2000, October 5, 2005 and January 25, 2008
(collectively, the “Lease”), whereby Tenant leased from Landlord certain
premises consisting of approximately 208,120 rentable square feet of space (the
“Leased Premises”) in a building commonly known as World Park at Union Centre, Building
No. 8, located at 9107 Meridian Way, Cincinnati, Ohio 45069; and

 

WHEREAS, Landlord and Tenant desire to extend the Lease Term; and

 

WHEREAS, Landlord and Tenant desire to amend certain provisions of the
Lease to reflect such extension and other changes to the Lease;

 

NOW, THEREFORE, in consideration of the foregoing premises, the mutual
covenants herein contained and each act performed hereunder by the parties, Landlord
and Tenant hereby agree that the Lease is amended as follows:

 

1.                               Incorporation of Recitals. The above
recitals are hereby incorporated into this Fourth Amendment as if fully set
forth herein.

 

2.                               Extension of Lease Term. The Lease
Term is hereby extended through June 30, 2013.

 

3.                               Amendment of Section 1.01. Basic
Lease Provisions and Definitions. Commencing October 1, 2009, Section 1.01
of the Lease is hereby amended by deleting subsections D, E, G and K and
substituting the following in lieu thereof:

 

“D.                      Minimum Annual Rent:

 

	
  October 1,
  2009 – June 30, 2011

  	
   

  	
  $520,299.96
  per year

  
	
  July 1,
  2011 – June 30, 2012

  	
   

  	
  $534,868.44
  per year

  
	
  July 1,
  2012 – June 30, 2013

  	
   

  	
  $551,517.96
  per year.

  
	
   

  	
   

  	
   

  

 

E.                              Monthly Rental Installments:

 

	
  October 1,
  2009 – June 30, 2011

  	
   

  	
  $ 43,358.33 per month

  
	
  July 1,
  2011 – June 30, 2012

  	
   

  	
  $ 44,572.37 per month

  
	
  July 1,
  2012 – June 30, 2013

  	
   

  	
  $ 45,959.83 per month.

  

 

G.                             Lease Term: Through June 30,
2013.

 

 

K.                            Broker: Duke Realty Services,
LLC representing Landlord and Colliers Turley Martin Tucker representing
Tenant.”

 

4.                              Amendment of Section 9.02. Tenant’s
Insurance. Commencing on October 1,2009, Section 9.02 of
the Lease is hereby amended by incorporating the following as Subparagraph E:

 

“E.                                         Automobile
Insurance. Comprehensive Automobile Liability Insurance
insuring bodily injury and property damage arising from all owned, non-owned
and hired vehicles, if any, with minimum limits of liability of $1,000,000
combined single limit, per accident.”

 

5.                              Amendment of Section 16.18. Patriot
Act. Section 16.18 of the Lease is hereby deleted in its
entirety and the following shall be substituted in lieu thereof:

 

“Section 16.18. Patriot
Act. Each of Landlord and Tenant, each as to itself, hereby represents its
compliance and its agreement to continue to comply with all applicable
anti-money laundering laws, including, without limitation, the USA Patriot Act,
and the laws administered by the United States Treasury Department’s Office of
Foreign Assets Control, including, without limitation, Executive Order 13224 (“Executive
Order”). Each of Landlord and Tenant further represents (such representation to
be true throughout the Lease Term) (i) that it is not, and it is not owned
or controlled directly or indirectly by any person or entity, on the SDN List
published by the United States Treasury Department’s Office of Foreign Assets
Control, and (ii) that it is not a person otherwise identified by
government or legal authority as a person with whom a U.S. Person is prohibited
from transacting business. As of the date hereof, a list of such designations
and the text of the Executive Order are published under the internet website
address www.ustreas.gov/offices/enforcement/ofac.”

 

6.                              Amendment of Section 16.17. Option to
Extend. Section 16.17 of the Lease is hereby deleted in its
entirety and the following is hereby substituted in lieu thereof:

 

“Section 16.17. Options to Extend.

 

(a)                                            Grant and
Exercise of Option. Provided that (i) no default has occurred and
is then continuing (ii) the creditworthiness of Tenant is then reasonably
acceptable to Landlord and (iii) Tenant originally named herein remains in
possession of and has been continuously operating in the entire Leased Premises
throughout the term immediately preceding the Extension Term (as defined below),
Tenant shall have the option to extend the Lease Term for two (2) additional
periods of three (3) years each (the “Extension Term(s)”). Each Extension
Term shall be upon the same terms and conditions contained in the Lease except (x) this
provision giving two (2) extension options shall be amended to reflect the
remaining options to extend, if any, and (y) any improvement allowances or
other concessions applicable to the Leased Premises under the Lease shall not
apply to the Extension Term, and (z) the Minimum Annual Rent shall be
adjusted as set forth below (the “Rent Adjustment”). Tenant shall exercise each
option by (i) delivering to Landlord, no later than eight (8) months
prior to the expiration of the preceding term, written notice of Tenant’s
desire to extend the Lease Term. Tenant’s failure to timely exercise such
option shall be deemed a waiver of such option and any succeeding option. Landlord
shall notify Tenant of the amount of the Rent Adjustment no later than ninety (90)
days prior to the commencement of the Extension

 

2

 

Term. Tenant shall be deemed to have accepted the
Rent Adjustment if it fails to deliver to Landlord a written objection thereto
within five (5) business days after receipt thereof. If Tenant properly
exercises its option to extend, Landlord and Tenant shall execute an amendment
to the Lease (or, at Landlord’s option, a new lease on the form then in use for
the Building) reflecting the terms and conditions of the Extension Term within
thirty (30) days after Tenant’s acceptance (or deemed acceptance) of the Rent
Adjustment.

 

(b)                                          Rent Adjustment. The Minimum
Annual Rent for the applicable Extension Term shall be an amount equal to the
Minimum Annual Rent then being quoted by Landlord to prospective renewal
tenants of the Building for space of comparable size and quality and with
similar or equivalent improvements as are found in the Building, and if none, then
in similar buildings in the Park; provided, however, that in no event shall the
Minimum Annual Rent during any Extension Term be less than the highest Minimum
Annual Rent payable during the immediately preceding term. The Monthly Rental
Installments shall be an amount equal to one-twelfth (1/12) of the Minimum
Annual Rent for the Extension Term and shall be paid at the same time and in
the same manner as provided in the Lease.”

 

7.                               Incorporation of Section 16.19. Right of
First Refusal. The following is hereby incorporated as Section 16.19
of the Lease:

 

“Section 16.19. Right of First
Refusal.

 

(a)                                           Provided that (i) no
default has occurred and is then continuing, (ii) the creditworthiness of
Tenant is then reasonably acceptable to Landlord, and (iii) Tenant
originally named herein remains in possession of and has been continuously
operating in the entire Leased Premises throughout the Lease Term, and subject
to any rights of other tenants to the Refusal Space (as defined herein) and
Landlord’s right to renew or extend the lease term of any other tenant with
respect to the portion of the Refusal Space now or hereafter leased by such
other tenant, Tenant shall have an on-going right of first refusal (“Refusal
Option”) to lease additional space in the Building located contiguous to the
Leased Premises as shown crosshatched on the attached Exhibit D
(“Refusal Space”). Prior to entering into any lease that includes all or any
portion of the Refusal Space, Landlord shall notify Tenant in writing (“Landlord’s
Notice”) of Landlord’s receipt of an arms-length offer to lease such space that
is mutually agreeable to Landlord and such bona fide third party offeror (“Bona
Fide Offer”) and setting forth the material terms of the Bona Fide Offer and
such other terms as are herein provided. If the Bona Fide Offer includes space
in the Building in addition to the Refusal Space, then the Refusal Space shall
be deemed to include, and this Refusal Option shall be deemed to apply to, all
of the space included in the Bona Fide Offer. Tenant shall have three (3) business
days after Tenant receives Landlord’s Notice in which to notify Landlord in
writing of its election to lease the Refusal Space upon the terms set forth in
Landlord’s Notice. If Tenant declines to exercise this Refusal Option or fails
to give such written notice within the time period required, Tenant shall be
deemed to have waived this Refusal Option, and thereafter this Refusal Option
shall be void and of no further force or effect, and Landlord shall be free to
lease the Refusal Space to the bona fide offeror or any other third party. In
the event Landlord and the bona fide offeror do not enter into a lease for the
Refusal Space, Landlord shall use commercially reasonable efforts to notify
Tenant

 

3

 

of the same. The Refusal Space shall be offered to
Tenant at the rental rate and upon such other terms and conditions as are set
forth in the Bona Fide Offer and herein.

 

(b)                             If Tenant shall
exercise the Refusal Option, the parties shall enter into an amendment to this
Lease adding the Refusal Space to the Leased Premises upon the terms and
conditions set forth herein and making such other modifications to this Lease
as are appropriate under the circumstances. If Tenant shall fail to enter into
such amendment within ten (10) days following Tenant’s exercise of the
Refusal Option, then Landlord may terminate this Refusal Option, by notifying
Tenant in writing, in which event this Refusal Option shall become void and of
no further force or effect, and Landlord shall thereafter be free to lease the
Refusal Space to the bona fide offeror.

 

(c)                              If Landlord
does not enter into a lease with a third party under the terms and conditions
contained in the Bona Fide Offer within one hundred eighty (180) days after
Tenant declines or fails to exercise this Refusal Option, or if Landlord
desires to materially alter or modify the terms and conditions of the Bona Fide
Offer, Landlord shall be required to present the altered or modified Bona Fide
Offer to Tenant pursuant to this Refusal Option, in the same manner that the
original Bona Fide Offer was submitted to Tenant.”

 

8.                                   Broker. Tenant represents
and warrants that, except for Duke Realty Services, LLC representing Landlord, and
Colliers Turley Martin Tucker representing Tenant, no other real estate broker
or brokers were involved in the negotiation and execution of this Fourth
Amendment. Tenant shall indemnify Landlord and hold it harmless from any and
all liability for the breach of any such representation and warranty on its
part and shall pay any compensation to any other broker or person who may be
deemed or held to be entitled thereto.

 

9.                                   Tenant’s
Representations and Warranties.

 

(a)                              Tenant hereby represents and
warrants that (i) Tenant is duly organized, validly existing and in good
standing (if applicable) in accordance with the laws of the State under which
it was organized; (ii) Tenant is authorized to do business in the State
where the Building is located; and (iii) the individual(s) executing
and delivering this Fourth Amendment on behalf of Tenant has been properly
authorized to do so, and such execution and delivery shall bind Tenant to its
terms.

 

(b)                             Landlord hereby represents
and warrants that (i) Landlord is duly organized, validly existing and in
good standing (if applicable) in accordance with the laws of the State under
which it was organized; (ii) Landlord is authorized to do business in the
State where the Building is located; and (iii) the individual(s) executing
and delivering this Fourth Amendment on behalf of Landlord has been properly
authorized to do so, and such execution and delivery shall bind Landlord to its
terms.

 

10.                             Examination of
Amendment.  Submission of this instrument for
examination or signature to Tenant does not constitute a reservation or option,
and it is not effective until execution by and delivery to both Landlord and
Tenant.

 

11.                             Definitions. Except as
otherwise provided herein, the capitalized terms used in this Fourth Amendment
shall have the definitions set forth in the Lease.

 

4

 

12.                             Incorporation. This Fourth
Amendment shall be incorporated into and made a part of the Lease, and all
provisions of the Lease not expressly modified or amended hereby shall remain
in full force and effect.

 

IN WITNESS WHEREOF, the
parties have caused this Fourth Amendment to be executed on the day and year
first written above.

 

	
   

  	
  LANDLORD:

  
	
   

  	
   

  
	
   

  	
  DUGAN
  FINANCING LLC,

  
	
   

  	
  a
  Delaware limited liability company

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Dugan
  Realty, L.L.C.,

  its sole member

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Duke
  Realty Limited Partnership, 

  its manager

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Duke
  Realty Corporation, 

  its general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/
  Jon C. Burger

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Jon
  C. Burger

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Senior
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Cincinnati
  Group

  

 

 

	
  STATE
  OF OHIO

  	
  )

  	
   

  
	
   

  	
  )
  SS:

  	
   

  
	
  COUNTY
  OF HAMILTON

  	
  )

  	
   

  

 

 

Before me, a Notary Public in and for said County and State, personally
appeared Jon C. Burger, by me known to be the Senior Vice President, Cincinnati
Group of Duke Realty Corporation, the general partner of Duke Realty Limited
Partnership, the manager of Dugan Realty, L.L.C., the sole member of Dugan
Financing LLC, a Delaware limited liability company, who acknowledged the
execution of the foregoing “Fourth Lease Amendment” on behalf of said limited
liability company.

 

WITNESS my hand and Notarial Seal this 7th day of October,  2009.

 

	
  

  	
   

  	
   

  
	
  ROSE ANDRIACCO

  	
   

  
	
  Notary Public, State of Ohio

  	
  /s/
  Rose Andriacco

  
	
  My Commission Expires March 8, 2010

  	
  Notary
  Public

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Printed
  Signature

  

 

	
  My
  Commission Expires:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  My County of Residence:

  	
  Clermont

  	
   

  

 

(SIGNATURES CONTINUED ON FOLLOWING PAGE)

 

5

 

	
   

  	
  TENANT:

  
	
   

  	
   

  
	
   

  	
  GAIAM,
  INC.,

  
	
   

  	
  a
  Colorado corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mark Lipien

  
	
   

  	
   

  	
   

  
	
   

  	
  Printed:

  	
  Mark Lipien

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  VP

  

 

 

	
  STATE
  OF COLORADO

  	
  )

  	
   

  
	
   

  	
  )
  SS:

  	
   

  
	
  COUNTY
  OF BOULDER

  	
  )

  	
   

  

 

 

Before me, a Notary Public in and for said County and State, personally
appeared Mark Lipien, by me known and by me known to be the VP of Gaiam, Inc.,
a Colorado corporation, who acknowledged the execution of the foregoing “Fourth
Lease Amendment” on behalf of said corporation.

 

WITNESS my hand and Notarial Seal this 5th day of
October, 2009.

 

 

	
   

  	
  /s/ Chelli Lalik

  
	
   

  	
  Notary
  Public

  
	
   

  	
   

  
	
   

  	
  Chelli Lalik

  
	
   

  	
  Printed
  Signature

  

 

	
  My
  Commission Expires: 

  	
  4-25-2012

  	
   

  
	
   

  	
   

  	
   

  
	
  My
  County of Residence:

  	
  Jefferson

  	
   

  

 

6

 

EXHIBIT D

 

REFUSAL SPACE

 

 

1

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