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                                                               Exhibit 10.1

                              EMPLOYMENT AGREEMENT

      EMPLOYMENT AGREEMENT (the "Agreement") by and between The Dial
Corporation, a Delaware corporation (the "Company") and Herbert M. Baum (the
"Executive"), dated as of the 15th day of August, 2002 (the "Effective Date").

      WHEREAS, the Executive and the Company previously entered into an
employment agreement, dated as of January 26, 2002 (the "Prior Employment
Agreement");

      WHEREAS, the parties desire to enter into this Agreement to specify the
terms and conditions of the Executive's employment with the Company;

      WHEREAS, the Board of Directors of the Company (the "Board") has
determined that it is in the best interests of the Company and its stockholders
to assure that the Company will have the continued dedication of the Executive,
notwithstanding the possibility, threat or occurrence of a Change of Control (as
defined herein) of the Company; and

      WHEREAS, as of the Effective Date, the Executive and the Company agree
that the terms of this Agreement shall supercede, in its entirety, the terms of
the Prior Employment Agreement.

      NOW, THEREFORE, in consideration of the premises and the respective
covenants and agreements of the parties herein contained, and intending to be
legally bound hereby, the parties agree as follows:

            1. Term. The term of employment of the Executive by the Company
hereunder shall be for a period commencing on the Effective Date and ending on
the earlier of February 1, 2006 the ("Final Date") or the Date of Termination
(as defined herein) (the "Term").

            2. Nature of Duties. The Executive shall serve as Chairman,
President and Chief Executive Officer of the Company and, subject to the
direction of the Company's Board, shall have full authority for management of
the Company and all of its operations, financial affairs, facilities and
investments, provided, however, that the Board may at any time designate another
person to serve as the President of the Company. The Executive shall serve as a
member of the Board, shall act as the duly authorized representative of the
Board and shall be an ex officio member of all committees of the Board. The
Executive shall devote substantially all of his working time and efforts to the
business and affairs of the Company, provided that the Executive shall be free
to serve as a director or officer or both of such not-for-profit corporations as
he may desire, to join and participate in such committees for community or
national affairs as he may select and to join and serve on business corporation
boards of directors, so long as such activities do not significantly interfere
with the performance of the Executive's duties

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hereunder and, in the case of public business corporation boards of which the
Executive was not a member when he executed this Agreement, only with the prior
approval of the Board.

            3. Place of Performance. The Executive shall be based at the
principal executive offices of the Company in the city of Scottsdale, Arizona,
except for required business travel.

            4. Compensation.

                  (a) Annual Base Salary. During the Term, the Executive shall
receive an annual base salary of $800,000 (the "Annual Base Salary"), which
shall be paid in conformity with the Company's policies relating to salaried
employees. The Executive shall be eligible for periodic salary increases, but
not decreases, as determined in the sole discretion of the Executive
Compensation Committee of the Board (the "Committee"). Unless increased by the
Committee in its sole discretion, the Annual Base Salary shall apply for each
year during the Term. Any increase in Annual Base Salary shall not serve to
limit or reduce any other obligation to the Executive under this Agreement. The
Annual Base Salary shall not be reduced after any such increase and the term
Annual Base Salary as utilized in this Agreement shall refer to Annual Base
Salary as so increased.

                  (b) Annual Bonus. Except as provided herein, in each fiscal
year ending during the Term, the Executive shall be eligible to participate in
such bonus programs as are available to senior executives of the Company. The
terms and conditions of such bonus opportunities shall be established by the
Committee; provided, however, that the aggregate targeted payout level for
achievement of the Executive's annual incentive performance objectives shall be
no less than 70% of the Executive's Annual Base Salary (for this purpose, the
Annual Base Salary shall be the Executive's actual base earnings for the
performance period to which such bonus opportunity pertains). Each such annual
bonus (the "Annual Bonus") shall be paid no later than the end of the third
month of the fiscal year next following the fiscal year for which the Annual
Bonus is awarded, unless the Executive shall elect to defer the receipt of such
Annual Bonus.

                  (c) Stock Options. The Executive shall be eligible for annual
grants of stock options as determined in the sole discretion of the Committee,
subject to such terms and conditions as the Committee deems appropriate.
Notwithstanding any other agreement to the contrary, but subject to the terms of
this Agreement: (i) any stock options granted to the Executive during the Term
shall continue to vest after the expiration of the Term, provided that the
Executive is or becomes a member of the Board immediately following such
expiration, and while the Executive thereafter remains a member of the Board
(the "Board Service Period"); and (ii) if the Executive's employment terminates
upon expiration of the Term on or after the Final Date, he will be treated with
regard to all stock options as a "retiree".

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                  (d) Annuity. Upon the later of the expiration of the Term or
the Executive's 65th birthday, the Executive will be entitled to receive, in
monthly installments, a minimum guaranteed life annuity payment of $67,000,
provided that if at the time of commencement of the benefit the Executive is
married to his current spouse, the payment will instead be made in the form of a
100% joint and survivor annuity based on the Executive's life and the life of
his current spouse equal to the actuarial equivalent (calculated by using the
actuarial assumptions contained in the Company's supplemental retirement plan)
of a $67,000 single life annuity on the Executive (the "Annuity"), and further
provided that such Annuity will be reduced by any defined pension benefits
earned by the Executive from the Company. In the event of the Executive's death
prior to commencement of the Annuity, such Annuity shall be paid to his current
spouse as if he had commenced benefits immediately preceding his death.

                  (e) Management Deferred Compensation Plan. If the Executive's
employment terminates due to Disability or death, by the Company without Cause,
by the Executive for Good Reason, by the Executive with consent of the Board, or
upon expiration of the Term on or after the Final Date, the Executive shall be
treated as a "retiree" for purposes of vesting in any discounted or other
restricted stock units acquired pursuant to the Management Deferred Compensation
Plan (the "Deferred Compensation Plan"). If the Executive is or becomes a member
of the Board immediately following such termination of employment, the Executive
will be entitled to maintain his account balance in the Deferred Compensation
Plan through the Board Service Period.

                  (f) Other Benefits. During the Term, the Executive (i) shall
be entitled to participate in all employee benefit plans which are generally
available to the Company's senior executives (subject to, and on a basis
consistent with, the terms, conditions and overall administration of such plans,
programs and arrangements); (ii) shall receive pension benefits and supplemental
executive retirement benefits (collectively, "Pension Benefits") which are
generally available to other senior executives of the Company; and (iii) shall
receive health insurance programs, executive medical benefits, life insurance,
accidental death and dismemberment benefits (collectively, "Welfare Benefits")
which are generally available to other senior executives of the Company.

                  (g) Fringe Benefits and Relocation. During the Term, the
Executive shall be entitled to fringe benefits generally available to other
senior executives of the Company, including, without limitation, payment of
health club dues and expenses related to an annual physical in line with the
Executive's historical practices, use of a Company automobile and cell phone and
payment of related expenses (collectively, the "Fringe Benefits"). If the
Executive so requests, the Company will pay for all expenses relating to
Executive's relocation from Florida to Scottsdale, Arizona, and prior to such
relocation, the Executive shall be entitled to weekly-first class airfare
between Scottsdale and Florida and temporary housing in Scottsdale. Upon
expiration of the Term, the Company will pay for any expenses relating to the
Executive's relocation from Scottsdale to Florida. All payments made

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pursuant to this Section 4(g) shall be grossed-up and paid on an after-tax
basis.

                  (h) Reimbursement for Expenses. During the Term, the Executive
shall be entitled to receive prompt reimbursement for all reasonable expenses
incurred by the Executive in accordance with the Company's policies, practices
and procedures.

                  (i) Office and Support Staff. During the Term, the Executive
shall be provided with an appropriate office and with such secretarial and other
support facilities on the same basis as provided to the Executive immediately
prior to the Effective Date.

                  (j) Vacation. During the Term, the Executive shall be entitled
to six (6) weeks' paid vacation per year.

                  (k) Insurance; Indemnification. During the Term and thereafter
while the Executive could have any liability, the Executive shall be named as an
insured party in any liability insurance policy (including any director and
officer liability policy) maintained by the Company for its directors and/or
senior executive officers. In addition, the Company shall, as set forth in its
respective charter and/or by-laws, or in a separate indemnification agreement,
indemnify the Executive to the fullest extent permitted under Delaware law. The
Company shall also indemnify the Executive, to the extent permitted by law, with
respect to public service activities and not-for-profit board membership he
undertakes in accordance with Section 2.

      5. Termination of Employment.

            (a) Death or Disability. The Executive's employment shall terminate
automatically upon the Executive's death during the Term. If the Company
determines in good faith that the Disability of the Executive has occurred
during the Term (pursuant to the definition of Disability set forth below), it
may give to the Executive written notice in accordance with Section 16(b) of
this Agreement of its intention to terminate the Executive's employment. In such
event, the Executive's employment with the Company shall terminate effective on
the 30th day after receipt of such notice by the Executive (the "Disability
Effective Date"), provided that, within the 30 days after such receipt, the
Executive shall not have returned to full-time performance of the Executive's
duties. Prior to the Disability Effective Date, the Executive shall continue to
be treated as if fully and actively employed by the Company for purposes of this
Agreement, and without respect to whether or not the Executive is or is
determined to be Disabled. For purposes of this Agreement, "Disability" shall
mean the absence of the Executive from the Executive's duties with the Company
on a full-time basis for 180 consecutive business days as a result of incapacity
due to mental or physical illness which is determined to be total and permanent
by a physician selected by the Company or its insurers and reasonably acceptable
to the Executive or the Executive's legal representative.

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            (b) By the Company.

            (i) Without Cause. The Company may terminate the Executive's
            employment without Cause .

            (ii) For Cause. The Company may terminate the Executive's employment
            during the Term for Cause. For purposes of this Agreement, "Cause"
            shall mean:

                  (1)   the Executive's conviction of, or plea of nolo
                        contendere to, any felony (other than vicarious
                        liability which results solely from Executive's position
                        as Chief Executive Officer, provided that Executive did
                        not know, or should not have known, of any act or
                        failure to act upon which such conviction or plea is
                        based, or knew, but acted on the advice of counsel);

                  (2)   the Executive's willful misconduct with regard to the
                        Company having a material and demonstrable adverse
                        effect on the Company;

                  (3)   the Executive's willful failure to attempt to perform
                        the services to be rendered hereunder (except in the
                        event of the Executive's incapacity due to mental or
                        physical illness) after receipt of written notice from
                        the Board and a reasonable opportunity for the Executive
                        to cure such willful non-performance; or

                  (4)   the Executive's failure to attempt to adhere to, or take
                        affirmative steps to carry out, any legal and proper
                        directive of the Board, after receipt of written notice
                        from the Board and a reasonable opportunity to cure such
                        non-adherence or failure to act.

The termination of Executive's employment shall not be deemed to be for Cause
unless and until there shall have been delivered to the Executive a copy of a
resolution duly adopted by the affirmative vote of not less than three-quarters
of the entire membership of the Board at a meeting of the Board called and held
for such purpose (after reasonable notice is provided to the Executive and the
Executive is given an opportunity, together with counsel, to be heard before the
Board), finding that, in the good faith opinion of the Board, the Executive is
guilty of the conduct described in subparagraph (1), (2), (3) or (4) above, and
specifying the particulars thereof in detail. For purposes of this Agreement, no
act, or failure to act, on Executive's part shall be considered willful unless
done, or omitted to be done, by Executive in bad faith and without reasonable
belief that Executive's act or failure to act was in the Company's best

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interests. Any act, or failure to act, based upon authority granted pursuant to
a duly adopted Board resolution or advice of counsel shall be conclusively
presumed to be done, or omitted to be done, by Executive in good faith and in
the Company's best interests.

            (c) By the Executive.

            (i) Without Good Reason. The Executive may terminate employment
            under this Agreement by giving Notice of Termination to the Company
            in accordance with Section 16(b) of this Agreement no less than 90
            days prior to such termination, unless such termination is pursuant
            to Section (5)(c)(ii) below, or the Company elects to waive or
            reduce such notice requirement.

            (ii) With Good Reason. The Executive's employment may be terminated
            by the Executive for Good Reason. For purposes of this Agreement,
            "Good Reason" shall mean:

                  (1)   except as contemplated in Section 2 of this Agreement,
                        any diminution in the Executive's title or position or
                        material diminution in authority, duties or
                        responsibilities as set forth herein;

                  (2)   the assignment of any duties or responsibilities to the
                        Executive that are not commensurate with the Executive's
                        title, authority or position as set forth herein;

                  (3)   a decrease in Annual Base Salary or a decrease in the
                        Executive's target annual incentive below 70% of the
                        Annual Base Salary;

                  (4)   any material diminution of benefits described in
                        Sections 4(f), (g), (h), (i) or (j) of this Agreement;

                  (5)   the relocation of the Executive's principal place of
                        employment to a location more than 35 miles from the
                        Company's Scottsdale, Arizona headquarters;

                  (6)   any material breach of this Agreement by the Company
                        after written notice from the Executive and a reasonable
                        opportunity for the Company to cure such breach; or

                  (7)   any failure by the Company to comply with and satisfy
                        Section 12(c) of this Agreement.

For purposes of this Section 5(c)(ii), any good faith determination of "Good
Reason"

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made by the Executive following a Change of Control shall be conclusive.

            (d) Notice of Termination. Any termination by the Company for Cause,
or by the Executive, shall be communicated by Notice of Termination to the other
party hereto given in accordance with Section 16(b) of this Agreement. For
purposes of this Agreement, a "Notice of Termination" means a written notice
which (i) indicates the specific termination provision in this Agreement relied
upon, (ii) to the extent applicable, sets forth in reasonable detail the facts
and circumstances claimed to provide a basis for termination of the Executive's
employment under the provision so indicated and (iii) if the Date of Termination
(as defined below) is other than the date of receipt of such notice, specifies
the termination date (which date shall be not more than thirty days after the
giving of such notice). The failure by the Executive or the Company to set forth
in the Notice of Termination any fact or circumstance which contributes to a
showing of Good Reason or Cause shall not waive any right of the Executive or
the Company, respectively, hereunder or preclude the Executive or the Company,
respectively, from asserting such fact or circumstance in enforcing the
Executive's or the Company's rights hereunder.

            (e) Date of Termination. "Date of Termination" means (i) if the
Executive's employment is terminated by the Company for Cause, or by the
Executive for Good Reason, the date of receipt of the Notice of Termination or
any later date specified therein, as the case may be, (ii) if the Executive's
employment is terminated by the Company other than for Cause or Disability or by
the Executive without Good Reason, the Date of Termination shall be the date on
which the Company notifies the Executive of such termination or 90 days after
the date on which the Executive notifies the Company of such termination (or
such earlier date if approved by the Company), respectively, and (iii) if the
Executive's employment is terminated by reason of death or Disability, the Date
of Termination shall be the date of death of the Executive or the Disability
Effective Date, as the case may be.

      6. Obligations of the Company upon Termination

            (a) Good Reason; Other Than for Cause or Disability Prior to a
Change of Control. If, during the Term, and prior to a Change of Control, the
Company terminates the Executive's employment other than for Cause or Disability
or the Executive shall terminate employment for Good Reason:

                  (i) the Company shall pay to the Executive in a lump sum in
cash within 30 days after the Date of Termination an amount equal to the sum of:
(1) the Executive's Annual Base Salary through the Date of Termination to the
extent not theretofore paid; (2) and any bonus earned during the prior fiscal
year but not yet paid to Executive; and (3) any compensation previously deferred
by the Executive (together with any accrued interest or earnings thereon) and
any accrued vacation pay, in each case to the extent not theretofore paid (the
sum of the amounts described in clauses (1), (2) and (3) shall be hereinafter
referred to as the "Accrued Obligations");

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                  (ii) the Company shall make 24 equal monthly payments to the
Executive equal in the aggregate to the greater of: (x) the total amount the
Executive would have been paid in Annual Base Salary for a period commencing on
the Date of Termination and ending on the Final Date (the "Severance Protection
Period"); or (y) one times (1x) the sum of the Annual Base Salary plus the full
target bonus with respect to the fiscal year in which the Date of Termination
occurs (the "Current Target Bonus");

                  (iii) the Company shall treat the Executive as a "retiree"
with respect to treatment of his outstanding stock options, as well as with
respect to participation in all employee benefit plans, including but not
limited to the Company's annual incentive plan, supplemental retirement plan,
and Deferred Compensation Plan;

                  (iv) the Executive shall continue to be eligible to receive
Welfare Benefits and Fringe Benefits from the Date of Termination through the
later of: (x) the end of the Severance Protection Period; or (y) the first
anniversary of the Date of Termination (the "Welfare Protection Period"); and

                  (v) to the extent not theretofore paid or provided, the
Company shall timely pay or provide to the Executive any other amounts or
benefits required to be paid or provided or which the Executive is eligible to
receive under any plan, program, policy or practice or contract or agreement of
the Company (such other amounts and benefits shall be hereinafter referred to as
the "Other Benefits").

            (b) Good Reason; Other Than for Cause or Disability following a
Change of Control. If, during the Term, and upon or after the occurrence of a
Change of Control, the Company terminates the Executive's employment other than
for Cause or Disability or the Executive shall terminate employment for Good
Reason:

                  (i) the Company shall pay to the Executive in a lump sum in
cash within 30 days after the Date of Termination the aggregate of all Accrued
Obligations, plus the product of (x) the Current Target Bonus, and (y) a
fraction, the numerator of which is the number of days in the current fiscal
year through the Date of Termination, and the denominator of which is 365 (the
"Pro-Rata Bonus").

                  (ii) the Company shall pay to the Executive in a lump sum in
cash within 30 days after the Date of Termination an amount equal to three times
(3x) the sum of the Annual Base Salary and the greater of: (1) the highest
Annual Bonus received by the Executive from the Company in the three fiscal
years immediately preceding the Date of Termination (the "Highest Annual
Bonus");

                  (iii) the Company shall treat the Executive as a "retiree"
with respect to treatment of his outstanding stock options, as well as with
respect to participation in all employee benefit plans, including but not
limited to the Company's annual incentive plan, supplemental retirement plan,
and Deferred Compensation Plan;

                  (iv) the Executive shall continue to be eligible to receive

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Welfare Benefits and Fringe Benefits from the Date of Termination through the
later of: (x) the end of the Severance Protection Period; or (y) the end of the
Welfare Protection Period, and the Executive shall continue to accrue pension
credit with respect to his Pension Benefits during such time period; and

                  (v) to the extent not theretofore paid or provided, the
Company shall timely pay or provide to the Executive the Other Benefits.

            For purposes of this Agreement, a Change of Control shall mean:

            (1) The acquisition by any individual, entity or group (within the
meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act")) (a "Person") of beneficial ownership (within
the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of
either (i) the then outstanding shares of common stock of the Company (the
"Outstanding Company Common Stock") or (ii) the combined voting power of the
then outstanding voting securities of the Company entitled to vote generally in
the election of directors (the "Outstanding Company Voting Securities");
provided, however, that for purposes of this subsection (1), the following
acquisitions shall not constitute a Change of Control: (i) any acquisition
directly from the Company, (ii) any acquisition by the Company, (iii) any
acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Company or any corporation controlled by the Company or (iv)
any acquisition by any corporation pursuant to a transaction which complies with
clauses (i), (ii) and (iii) of subsection (3) of this definition of a Change of
Control; or

            (2) Individuals who, as of the date hereof, constitute the Board
(the "Incumbent Board") cease for any reason to constitute at least a majority
of the Board; provided, however, that any individual becoming a director
subsequent to the date hereof whose election, or nomination for election by the
Company's stockholders, was approved by a vote of at least a majority of the
directors then comprising the Incumbent Board shall be considered as though such
individual were a member of the Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election
or removal of directors or other actual or threatened solicitation of proxies or
consents by or on behalf of a Person other than the Board; or

            (3) Consummation of a reorganization, merger or consolidation or
sale or other disposition of all or substantially all of the assets of the
Company (a "Business Combination"), in each case, unless, following such
Business Combination, (i) all or substantially all of the individuals and
entities who were the beneficial owners, respectively, of the Outstanding
Company Common Stock and Outstanding Company Voting Securities immediately prior
to such Business Combination beneficially own, directly or indirectly, more than
50% of, respectively, the then outstanding shares of common stock and the
combined voting power of the then outstanding voting securities entitled to vote
generally in the election of directors, as the case may be, of the corporation
resulting from such Business Combination (including, without limitation, a

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corporation which as a result of such transaction owns the Company or all or
substantially all of the Company's assets either directly or through one or more
subsidiaries) in substantially the same proportions as their ownership,
immediately prior to such Business Combination of the Outstanding Company Common
Stock and Outstanding Company Voting Securities, as the case may be, (ii) no
Person (excluding any corporation resulting from such Business Combination or
any employee benefit plan (or related trust) of the Company or such corporation
resulting from such Business Combination) beneficially owns, directly or
indirectly, 20% or more of, respectively, the then outstanding shares of common
stock of the corporation resulting from such Business Combination or the
combined voting power of the then outstanding voting securities of such
corporation except to the extent that such ownership existed prior to the
Business Combination and (iii) at least a majority of the members of the board
of directors of the corporation resulting from such Business Combination were
members of the Incumbent Board at the time of the execution of the initial
agreement, or of the action of the Board, providing for such Business
Combination; or

            (4) Approval by the stockholders of the Company of a complete
liquidation or dissolution of the Company.

            Anything in this Agreement to the contrary notwithstanding, if the
Executive's employment with the Company is terminated without Cause prior to the
date on which the Change of Control occurs, but the Executive reasonably
demonstrates that the termination (i) was at the request of a third party who
has taken steps reasonably calculated to effect a Change of Control or (ii)
otherwise arose in connection with or in anticipation of a Change of Control
which has been threatened or proposed, such termination shall be deemed to have
occurred after a Change of Control for purposes of this Agreement provided a
Change in Control shall actually have occurred.

            (c) Death. If the Executive's employment is terminated by reason of
the Executive's death during the Term, this Agreement shall terminate without
further obligations to the Executive's legal representatives under this
Agreement, other than for payment of Accrued Obligations and the timely payment
or provision of Other Benefits. Accrued Obligations shall be paid to the
Executive's estate or beneficiary, as applicable, in a lump sum in cash within
30 days of the Date of Termination.

            (d) Disability. If the Executive's employment is terminated by
reason of the Executive's Disability during the Term, this Agreement shall
terminate without further obligations to the Executive, other than for payment
of Accrued Obligations and the timely payment or provision of Other Benefits.
Accrued Obligations shall be paid to the Executive in a lump sum in cash within
30 days of the Date of Termination.

            (e) Cause; Other than for Good Reason. If the Executive's employment
shall be terminated for Cause during the Term or if Executive voluntarily
terminates employment during the Term (excluding a termination for Good Reason),
this Agreement shall terminate without further obligations to the Executive
other than the obligation to pay to the Executive (i) his or her Annual Base
Salary through the Date of

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Termination, (ii) the amount of any compensation previously deferred by the
Executive, and (iii) Other Benefits, in each case to the extent theretofore
unpaid.

      7. Non-exclusivity of Rights. Nothing in this Agreement shall prevent or
limit the Executive's continuing or future participation in any plan, program,
policy or practice provided by the Company and for which the Executive may
qualify, nor shall anything herein limit or otherwise affect such rights as the
Executive may have under any contract or agreement with the Company, other than
the Prior Employment Agreement, as defined herein. Amounts which are vested
benefits or which the Executive is otherwise entitled to receive under any plan,
policy, practice or program of or any contract or agreement with the Company at
or subsequent to the Date of Termination shall be payable in accordance with
such plan, policy, practice or program or contract or agreement except as
explicitly modified by this Agreement.

      8. Entire Agreement. This Agreement and other documents executed
concurrently herewith or referred to herein contain the sole and entire
agreement and understanding of the parties with respect to the subject matters
contained herein, and the parties agree that this Agreement supercedes the Prior
Employment Agreement, and that such Prior Employment Agreement is rendered null
and void as of the Effective Date of this Agreement.

      9. Certain Additional Payments by the Company.

            (a) Anything in this Agreement to the contrary notwithstanding and
except as set forth below, in the event it shall be determined that any payment
or distribution by the Company to or for the benefit of the Executive (whether
paid or payable or distributed or distributable pursuant to the terms of this
Agreement or otherwise, but determined without regard to any additional payments
required under this Section 9) (a "Payment") would be subject to the excise tax
imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the
"Code") or any interest or penalties are incurred by the Executive with respect
to such excise tax (such excise tax, together with any such interest and
penalties, are hereinafter collectively referred to as the "Excise Tax"), then
the Executive shall be entitled to receive: (i) an additional payment (a
"Gross-Up Payment") in an amount such that after payment by the Executive of all
taxes (including any interest or penalties imposed with respect to such taxes),
including, without limitation, any income taxes (and any interest and penalties
imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment,
the Executive retains an amount of the Gross-Up Payment equal to the Excise Tax
imposed upon the Payments, and (ii) an amount equal to the product of any
deductions disallowed for federal, state or local income tax purposes because of
the inclusion of the Gross-Up Payment in the Executive's adjusted gross income
multiplied by the highest applicable marginal rate of federal, state, or local
income taxation, respectively, for the calendar year in which the Gross-Up
Payment is to be made.

            (b) Subject to the provisions of Section 9(c), all determinations
required to be made under this Section 9, including whether and when a Gross-Up

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Payment is required and the amount of such Gross-Up Payment and the assumptions
to be utilized in arriving at such determination, shall be made by Deloitte &
Touche LLP or such other certified public accounting firm as may be designated
by the Executive (the "Accounting Firm") which shall provide detailed supporting
calculations both to the Company and the Executive within 15 business days of
the receipt of notice from the Executive that there has been a Payment, or such
earlier time as is requested by the Company. In the event that the Accounting
Firm is serving as accountant or auditor for the individual, entity or group
effecting the Change of Control, the Executive shall appoint another nationally
recognized account firm to make the determinations required hereunder (which
accounting firm shall then be referred to as the Accounting Firm hereunder). All
fees and expenses of the Accounting Firm shall be borne solely by the Company.
Any Gross-Up Payment, as determined pursuant to this Section 9, shall be paid by
the Company to the Executive within five days of the receipt of the Accounting
Firm's determination. Any determination by the Accounting Firm shall be binding
upon the Company and the Executive. As a result of the uncertainty in the
application of Section 4999 of the Code at the time of the initial determination
by the Accounting Firm hereunder, it is possible that Gross-Up Payments which
will not have been made by the Company should have been made ("Underpayment"),
consistent with the calculations required to be made hereunder. In the event
that the Company exhausts its remedies pursuant to Section 9(c) and the
Executive thereafter is required to make a payment of any Excise Tax, the
Accounting Firm shall determine the amount of the Underpayment that has occurred
and any such Underpayment shall be promptly paid by the Company to or for the
benefit of the Executive.

            (c) The Executive shall notify the Company in writing of any claim
by the Internal Revenue Service that, if successful, would require the payment
by the Company of the Gross-Up Payment. Such notification shall be given as soon
as practicable but no later than ten business days after the Executive is
informed in writing of such claim and shall apprise the Company of the nature of
such claim and the date on which such claim is requested to be paid. The
Executive shall not pay such claim prior to the expiration of the 30-day period
following the date on which it gives such notice to the Company (or such shorter
period ending on the date that any payment of taxes with respect to such claim
is due). If the Company notifies the Executive in writing prior to the
expiration of such period that it desires to contest such claim, the Executive
shall:

                  (i) give the Company any information reasonably requested by
the Company relating to such claim,

                  (ii) take such action in connection with contesting such claim
as the Company shall reasonably request in writing from time to time, including,
without limitation, accepting legal representation with respect to such claim by
an attorney reasonably selected by the Company,

                  (iii) cooperate with the Company in good faith in order to
effectively contest such claim, and

                                     - 12 -
<PAGE>
                  (iv) permit the Company to participate in any proceedings
relating to such claim; provided, however, that the Company shall bear and pay
directly all costs and expenses (including additional interest and penalties)
incurred in connection with such contest and shall indemnify and hold the
Executive harmless, on an after-tax basis, for any Excise Tax or income tax
(including interest and penalties with respect thereto) imposed as a result of
such representation and payment of costs and expenses. Without limitation on the
foregoing provisions of this Section 9(c), the Company shall control all
proceedings taken in connection with such contest and, at its sole option, may
pursue or forgo any and all administrative appeals, proceedings, hearings and
conferences with the taxing authority in respect of such claim and may, at its
sole option, either direct the Executive to pay the tax claimed and sue for a
refund or contest the claim in any permissible manner, and the Executive agrees
to prosecute such contest to a determination before any administrative tribunal,
in a court of initial jurisdiction and in one or more appellate courts, as the
Company shall determine; provided, however, that if the Company directs the
Executive to pay such claim and sue for a refund, the Company shall advance the
amount of such payment to the Executive, on an interest-free basis and shall
indemnify and hold the Executive harmless, on an after-tax basis, from any
Excise Tax or income tax (including interest or penalties with respect thereto)
imposed with respect to such advance or with respect to any imputed income with
respect to such advance; and further provided that any extension of the statute
of limitations relating to payment of taxes for the taxable year of the
Executive with respect to which such contested amount is claimed to be due is
limited solely to such contested amount. Furthermore, the Company's control of
the contest shall be limited to issues with respect to which a Gross-Up Payment
would be payable hereunder and the Executive shall be entitled to settle or
contest, as the case may be, any other issue raised by the Internal Revenue
Service or any other taxing authority.

            (d) If, after the receipt by the Executive of an amount advanced by
the Company pursuant to Section 9(c), the Executive becomes entitled to receive
any refund with respect to such claim, the Executive shall (subject to the
Company's complying with the requirements of Section 9(c)) promptly pay to the
Company the amount of such refund (together with any interest paid or credited
thereon after taxes applicable thereto). If, after the receipt by the Executive
of an amount advanced by the Company pursuant to Section 9(c), a determination
is made that the Executive shall not be entitled to any refund with respect to
such claim and the Company does not notify the Executive in writing of its
intent to contest such denial of refund prior to the expiration of 30 days after
such determination, then such advance shall be forgiven and shall not be
required to be repaid and the amount of such advance shall offset, to the extent
thereof, the amount of Gross-Up Payment required to be paid.

      10. Confidentiality; Cooperation with Regard to Litigation;
Non-disparagement.

            (a) While employed by the Company and thereafter, the Executive
shall not, without the prior written consent of the Company, disclose to anyone
(except in good faith in the ordinary course of business to a person who will be
advised by the

                                     - 13 -
<PAGE>
Executive to keep such information confidential) or make use of any Confidential
Information (as defined below) except in the performance of his duties
hereunder, or when required to do so by legal process by any governmental agency
having supervisory authority over the business of the Company or by any
administrative or legislative body (including a committee thereof) or judicial
authority that requires him to divulge, disclose or make accessible such
Confidential Information. In the event that the Executive is so ordered, he
shall give prompt written notice to the Company to allow the Company the
opportunity to object to or otherwise resist such order.

            (b) "Confidential Information" shall mean all information concerning
the business of the Company or any Subsidiary (as defined below) relating to any
of their products, product development, trade secrets, customers, suppliers,
finances, and business plans and strategies. Excluded from the definition of
Confidential Information is information (i) that is or becomes part of the
public domain, other than through the breach of this Agreement by the Executive
or (ii) regarding the Company's business or industry properly acquired by the
Executive in the course of his career as an executive in the Company's industry
and independent of the Executive's employment by the Company. For this purpose,
information known or available generally within the trade or industry of the
Company or any Subsidiary shall be deemed to be known or available to the
public.

            (c) "Subsidiary" shall mean any corporation controlled directly or
indirectly by the Company.

            (d) While employed by the Company and thereafter, the Executive
agrees to cooperate with the Company by making himself reasonably available to
testify on behalf of the Company or any Subsidiary in any action, suit, or
proceeding, whether civil, criminal, administrative, or investigative, and to
assist the Company or any Subsidiary in any such action, suit, or proceeding by
providing information and meeting and consulting with the Board or its
representatives or counsel, or representatives or counsel to the Company or any
Subsidiary, as reasonably requested with regard to matters that relate to the
Executive's employment period as an officer of the Company; provided, however,
that the same does not materially interfere with the Executive's then current
professional activities, involve a conflict between the Executive and the
Company or would cause a violation of any court order or governmental
requirement. The Company agrees to reimburse the Executive, on an after-tax
basis, for all reasonable expenses actually incurred in connection with his
provision of testimony or assistance, including reasonable legal fees.

            (e) While employed by the Company and thereafter, the Executive
agrees that he will not make public statements or representations, or otherwise
communicate, directly or indirectly, in writing, orally, or otherwise, or take
any action (except as Executive reasonably believes is necessary in the course
of performing his duties) which may, directly or indirectly, disparage the
Company or any Subsidiary or their respective officers, directors, employees,
advisors, businesses or reputations. The Company agrees that, while the
Executive is employed by the Company and thereafter,

                                     - 14 -
<PAGE>
the Company will not make statements or representations, or otherwise
communicate, directly or indirectly, in writing, orally, or otherwise, or take
any action which may, directly or indirectly, disparage the Executive or his
business or reputation. Notwithstanding the foregoing, nothing in this Agreement
shall preclude either the Executive or the Company from making truthful
statements or disclosures that are required by applicable law, regulation or
legal process. Notwithstanding the foregoing, this Section 10(e) shall be of no
further force and effect in the event that the Executive's employment terminates
upon or after the occurrence of a Change of Control.

      11. Non-competition and Non-solicitation.

            (a) While employed by the Company and for a period of 24 months
thereafter (the "Restricted Period"), the Executive shall not engage in
Competition with the Company or any Subsidiary. "Competition" shall mean
engaging in any activity, except as provided below, for a Competitor of the
Company or any Subsidiary, whether as an employee, consultant, principal, agent,
officer, director, partner, shareholder (except as a less than three percent
shareholder of a publicly traded company) or otherwise (together "Employment").
A "Competitor" shall mean any corporation or other entity which derives at least
15% or more of its revenues from the conduct of business which competes,
directly or indirectly, with the business conducted by the Company, as
determined on the Date of Termination of the Executive's employment. If the
Executive commences Employment with any entity that is not a Competitor at the
time the Executive initially becomes employed or becomes a consultant,
principal, agent, officer, director, partner, or shareholder of the entity,
future activities of such entity shall not result in a violation of this
provision unless (i) such activities were contemplated by the Executive at the
time the Executive initially commenced Employment or (ii) the Executive
commences directly or indirectly overseeing or managing the activities of an
entity which becomes a Competitor during the Restricted Period, which activities
are competitive with the activities of the Company or Subsidiary. In addition,
the Executive may be employed by, or otherwise associated with, noncompeting
portions of the competing entity so long as he does not directly or indirectly
oversee, manage or contribute to the competing activities of the Competitor. The
Executive shall not be deemed to be indirectly overseeing, managing or
contributing to the Competitor's activities which are competitive with the
activities of the Company or Subsidiary so long as he does not participate in
any discussions with regard to the conduct of, or take any act intended to
facilitate the success of, the competing business.

            (b) Notwithstanding the foregoing Section 11(a), in the event the
Executive desires to accept Employment with a Competitor which, in the
Executive's reasonable judgment, competes with an insignificant portion of the
business conducted by the Company or Subsidiary, the Executive shall have the
right, prior to accepting such Employment, to submit a written request to the
Company for a limited waiver of the Company's right to enforce the provisions of
this Section 11. If the Company determines, in its good faith reasonable
judgment, that the Executive's proposed Employment with the Competitor would not
result in more than an insignificant level of competition with the business
conducted by the Company or Subsidiary at either the

                                     - 15 -
<PAGE>
time such request is made or in the then foreseeable future, the Company shall
grant the Executive the requested waiver.

            (c) During the Restricted Period, the Executive shall not induce
employees of the Company or any Subsidiary to terminate their employment, nor
shall the Executive solicit or encourage any corporation or other entity in a
joint venture relationship, directly or indirectly, with the Company or any
Subsidiary, to terminate or diminish their relationship with the Company or any
Subsidiary or to violate any agreement with any of them. During such period, the
Executive shall not hire, either directly or through any employee, agent or
representative, any employee of the Company or any Subsidiary or any person who
was employed by the Company or any Subsidiary within 90 days of such hiring.

            (d) The Executive's compliance with the non-competition and
non-solicitation provisions of this Section 11 shall be deemed compliance with
any other non-competition or non-solicitation provision agreed to between the
Executive and the Company, including but not limited to any stock option or
equity grants.

            (e) Notwithstanding the foregoing, in the event that the Executive's
employment terminates upon or after the occurrence of a Change of Control,
Sections 11(a) and (b) of this Agreement shall be of no further force and
effect.

      12. Successors.

            (a) This Agreement is personal to the Executive and without the
prior written consent of the Company shall not be assignable by the Executive
otherwise than by will or the laws of descent and distribution. This Agreement
shall inure to the benefit of and be enforceable by the Executive's legal
representatives.

            (b) This Agreement shall inure to the benefit of and be binding upon
the Company and its successors and assigns.

            (c) The Company will require any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company to assume
expressly and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession
had taken place. As used in this Agreement, "Company" shall mean the Company as
hereinbefore defined and any successor to its business and/or assets as
aforesaid which assumes and agrees to perform this Agreement by operation of
law, or otherwise.

      13. Full Settlement; No Mitigation; No Offset. The Company's obligation to
make the payments provided for in this Agreement and otherwise to perform its
obligations hereunder shall not be affected by any set-off, counterclaim,
recoupment, defense or other claim, right or action which the Company may have
against the Executive or others. In the event of any termination of employment,
the Executive shall

                                     - 16 -
<PAGE>
be under no obligation to seek other employment, and amounts due the Executive
under this Agreement shall not be offset by any remuneration attributable to any
subsequent employment that he may maintain other than substantially comparable
welfare benefits provided by a new employer.

      14. Remedies. If the Executive materially breaches any of the provisions
contained in Sections 10 or 11 above, the Company (a) shall have the right to
immediately terminate all remaining severance payments and benefits due under
Sections 6(a) and (b) of this Agreement and (b) shall have the right to seek
injunctive relief. The Executive acknowledges that such a breach of Sections 10
or 11 would cause irreparable injury and that money damages would not provide an
adequate remedy for the Company; provided, however, the foregoing shall not
prevent the Executive from contesting the issuance of any such injunction on the
ground that no violation or threatened violation of Sections 10 or 11 has
occurred.

      15. Resolution of Disputes and Legal Fees.

            (a) Any controversy or claim arising out of or relating to this
Agreement or any breach or asserted breach hereof or questioning the validity
and binding effect hereof arising under or in connection with this Agreement,
other than seeking injunctive relief under Section 14, shall be resolved by
binding arbitration, to be held at an office closest to the Company's principal
offices in accordance with the rules and procedures of the American Arbitration
Association. Judgment upon the award rendered by the arbitrator(s) may be
entered in any court having jurisdiction thereof.

            (b) Upon or after the occurrence of a Change of Control, the Company
agrees to pay as incurred, to the full extent permitted by law, all legal fees,
costs of arbitration and related expenses which the Executive may reasonably
incur as a result of any contest (regardless of the outcome thereof) by the
Company, the Executive or others of the validity or enforceability of, or
liability under, any provision of this Agreement or any guarantee of performance
thereof (including as a result of any contest by the Executive about the amount
of any payment pursuant to this Agreement), plus in each case interest on any
delayed payment at the applicable Federal rate provided for in Section
7872(f)(2)(A) of the Code (such payments referred to herein as "Legal Fees").
Prior to a Change of Control, the Company agrees to reimburse the Executive for
such Legal Fees after the resolution of a dispute with the Company concerning
enforcement or payments pursuant to this Agreement, provided that the Executive
prevails in such dispute. The Company also agrees to reimburse the Executive for
any legal expenses incurred in connection with the Executive's termination of
employment with Hasbro, regardless of the time such expenses are incurred, and
regardless of the outcome of such dispute.

      16. Miscellaneous.

            (a) This Agreement shall be governed by and construed in accordance
with the laws of the State of Delaware, without reference to principles of

                                     - 17 -
<PAGE>
conflict of laws. The captions of this Agreement are not part of the provisions
hereof and shall have no force or effect. This Agreement may not be amended or
modified otherwise than by a written agreement executed by the parties hereto or
their respective successors and legal representatives.

            (b) All notices and other communications hereunder shall be in
writing and shall be given by hand delivery to the other party or by registered
or certified mail, return receipt requested, postage prepaid, addressed as
follows:

            If to the Executive:
            -------------------

                  Herbert M. Baum
                  Chairman, President and Chief Executive Officer
                  The Dial Corporation
                  15501 North Dial Boulevard
                  Scottsdale, AZ  85260-1619

            If to the Company:
            -----------------

                  The Dial Corporation
                  15501 North Dial Boulevard
                  Scottsdale, AZ 85260-1619
                  Attention:  General Counsel

or to such other address as either party shall have furnished to the other in
writing in accordance herewith. Notice and communications shall be effective
when actually received by the addressee.

            (c) The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement.

            (d) The Company may withhold from any amounts payable under this
Agreement such Federal, state, local or foreign taxes as shall be required to be
withheld pursuant to any applicable law or regulation.

            (e) Agreement. The Executive's or the Company's failure to insist
upon strict compliance with any provision of this Agreement or the failure to
assert any right the Executive or the Company may have hereunder, including,
without limitation, the right of the Executive to terminate employment for Good
Reason pursuant to Section 5(c)(i)-(v) of this Agreement, shall not be deemed to
be a waiver of such provision or right or any other provision or right of this
Agreement.

      17. Company Car. Upon the earlier of: (i) the expiration of this
Agreement, (ii) the Executive's voluntary resignation for Good Reason or (iii)
any termination of the Executive's employment (other than for Cause or the
Executive's voluntary resignation

                                     - 18 -
<PAGE>
without Good Reason) (the "Transfer Date"), the Company shall promptly transfer
to the Executive the title of the Volkswagen Bug that the Executive currently
uses as his company car or the company car that the Executive uses as of the
Transfer Date, and the Company shall gross-up the Executive for any taxes he
incurs as a result of such transfer. Prior to Transfer Date, the Company shall
provide the Executive with the full-time use of the Volkswagen Bug or another
company car, and the Company shall pay for all expenses associated with such
use, including, without limitation, gasoline, maintenance, repair and insurance
expenses.

            IN WITNESS WHEREOF, the Executive has hereunto set the Executive's
hand and, pursuant to the authorization from its Board of Directors, the Company
has caused these presents to be executed in its name on its behalf, all as of
the day and year first above written.

                              The Dial Corporation

                              By:/s/James E. Oesterreicher
                                 ------------------------------
                                 James E. Oesterreicher
                                 Member of the Executive
                                         Compensation Committee

                              /s/Herbert M. Baum
                              ---------------------------------
                              Herbert M. Baum

                                     - 19 -Lease Agreement

 EXHIBIT 10.25 
  
 BRICKSTONE SQUARE 
 ANDOVER, MASSACHUSETTS 
  
 LEASE 
  
 
	 LANDLORD:
 	  	 ANDOVER MILLS REALTY LIMITED PARTNERSHIP, a

 
	  	  	 Massachusetts Limited Partnership
 
	 
	 TENANT:
 	  	 SYNPLICITY, INC., a California corporation
 
	 
	 DATE:
 	  	 June 26, 2002
 
	 
	 BUILDING NO.:
 	  	 100
 
	 
	 LEASE NO.:
 	  	 1005ABA
 

 

 TABLE OF CONTENTS 
  
 
	 1.
 	  	 BASIC LEASE PROVISIONS.
 	  	 1
 
	  	  	 1.1        Summary.
 	  	 1
 
	  	  	 1.2        Conflict.
 	  	 1
 
	 
	 2.
 	  	 CONSTRUCTION OF PREMISES.
 	  	 1
 
	 
	 3.
 	  	 POSSESSION AND SURRENDER OF PREMISES.
 	  	 2
 
	 
	 4.
 	  	 TERM.
 	  	 2
 
	 
	 5.
 	  	 RENT.
 	  	 2
 
	 
	 6.
 	  	 TAXES.
 	  	 2
 
	  	  	 6.1        Definition of Taxes.
 	  	 2
 
	  	  	 6.2        Payment of Taxes.
 	  	 2
 
	  	  	 6.3        Tenant’s Taxes.
 	  	 2
 
	 
	 7.
 	  	 OPERATING COSTS.
 	  	 2
 
	  	  	 7.1        Definition of Operating Costs.
 	  	 2
 
	  	  	 7.2        Payment of Operating Costs.
 	  	 2
 
	  	  	 7.3        Building Operating Costs.
 	  	 2
 
	  	  	 7.4        Determining Operating Costs.
 	  	 2
 
	 
	 8.
 	  	 MONTHLY PAYMENT OF TAXES AND OPERATING COSTS; LIMITATION ON COSTS.
 	  	 3
 
	 
	 9.
 	  	 INSURANCE.
 	  	 3
 
	  	  	 9.1        Tenant’s Insurance; Waiver of
Subrogation.
 	  	 3
 
	  	  	 9.2        Landlord’s Insurance; Waiver of
Subrogation.
 	  	 3
 
	 
	 10.
 	  	 UTILITIES.
 	  	 4
 
	 
	 11.
 	  	 USE OF PREMISES.
 	  	 4
 
	 
	 12.
 	  	 MAINTENANCE AND REPAIRS.
 	  	 4
 
	  	  	 12.1      Landlord’s Obligations.
 	  	 4
 
	  	  	 12.2      Tenant’s Obligations.
 	  	 5
 
	 
	 13.
 	  	 ALTERATIONS.
 	  	 5
 
	  	  	 13.1      Landlord’s Consent.
 	  	 5
 
	  	  	 13.2      Notice.
 	  	 5
 
	  	  	 13.3      Compliance with Laws.
 	  	 5
 
	  	  	 13.4      Liens.
 	  	 5
 
	  	  	 13.5      Labor Harmony.
 	  	 5
 
	 
	 14.
 	  	 INDEMNITY; SATISFACTION OF REMEDIES.
 	  	 5
 
	  	  	 14.1      Indemnification.
 	  	 5
 
	  	  	 14.2      Damage to Persons or Property.
 	  	 5
 
	  	  	 14.3      Satisfaction of Remedies.
 	  	 6
 
	 
	 15.
 	  	 COMMON AREA AND PARKING.
 	  	 6
 
	  	  	 15.1      Common Area.
 	  	 6
 
	  	  	 15.2      Parking.
 	  	 6
 
	 
	 16.
 	  	 DAMAGE OR DESTRUCTION.
 	  	 6
 
	  	  	 16.1      Repairs.
 	  	 6
 
	  	  	 16.2      Election to Terminate.
 	  	 6
 
	  	  	 16.3      Abatement of Rent.
 	  	 7
 
	 
	 17.
 	  	 CONDEMNATION.
 	  	 7
 
	 
	 18.
 	  	 ASSIGNMENT AND SUBLETTING.
 	  	 7
 
	  	  	 18.1      Landlord’s Consent Required.
 	  	 7
 
	  	  	 18.2      Notice.
 	  	 7
 
	  	  	 18.3      Reasonable Consent.
 	  	 7
 
	  	  	 18.4      No Release of Tenant.
 	  	 7
 
	  	  	 18.5      Additional Terms.
 	  	 7
 
	 
	 19.
 	  	 MORTGAGEE PROTECTION.
 	  	 8
 
	  	  	 19.1      Subordination and Attornment.
 	  	 8
 
	  	  	 19.2      Mortgagee’s Liability.
 	  	 9
 
	  	  	 19.3      Mortgagee’s Right to Cure.
 	  	 9
 
	 
	 20.
 	  	 ESTOPPEL CERTIFICATES.
 	  	 9
 
	 
	 21.
 	  	 DEFAULT.
 	  	 9
 
	 
	 22.
 	  	 REMEDIES FOR DEFAULT.
 	  	 9
 
	  	  	 22.1      General.
 	  	 9
 
	  	  	 22.2      Remedies Cumulative.
 	  	 10
 
	  	  	 22.3      Performance by Landlord.
 	  	 10
 
	  	  	 22.4      Post-Judgment Interest.
 	  	 10
 
	 
	 23.
 	  	 BANKRUPTCY. [SEE EXHIBIT “F”]
 	  	 10
 

 

 
 i 

  
 
	 
	 24.
 	  	 GENERAL PROVISIONS.
 	  	 10
 
	  	  	 24.1      Holding Over.
 	  	 10
 
	  	  	 24.2      Entry By Landlord.
 	  	 11
 
	  	  	 24.3      Brokers.
 	  	 11
 
	  	  	 24.4      Quiet Enjoyment.
 	  	 11
 
	  	  	 24.5      Security.
 	  	 11
 
	  	  	 24.6      Obligations; Successors; Recordation.
 	  	 11
 
	  	  	 24.7      Late Charges.
 	  	 11
 
	  	  	 24.8      Accord and Satisfaction.
 	  	 11
 
	  	  	 24.9      Prior Agreements; Amendments; Waiver.
 	  	 11
 
	  	  	 24.10    Representations; Inability to Perform.
 	  	 11
 
	  	  	 24.11    Legal Proceedings.
 	  	 11
 
	  	  	 24.12    Ownership; Invalidity; Remedies; Choice of Law.
 	  	 12
 
	  	  	 24.13    Expense; Consent.
 	  	 12
 
	  	  	 24.14    Presumptions; Exhibits; Submission; Net Lease.
 	  	 12
 
	  	  	 24.15    Cooperation.
 	  	 12
 
	  	  	 24.16    Notices.
 	  	 12
 
	  	  	 24.17    Security Deposit.
 	  	 12
 
	  	  	 24.18    Other Defined Terms.
 	  	 12
 
	 
	 25.
 	  	 HAZARDOUS SUBSTANCES.
 	  	 13
 
	 
	  	  	 SIGNATURES
 	  	 13
 

 
  
 EXHIBIT LIST 
  
 
	 “A”
 	  	 SITE PLAN OF PROJECT
 
	 “B”
 	  	 PREMISES
 
	 “C”
 	  	 WORKLETTER
 
	 “D”
 	  	 BASE RENT
 
	 “E”
 	  	 RULES AND REGULATIONS
 
	 “F”
 	  	 BANKRUPTCY PROVISIONS (ARTICLE 23)
 

 
  
 ADDENDUM #1—EXTENSION OPTION 

 
 ii 

 INDEX TO DEFINED TERMS 
  
 
	 TERM
 
	  	 PAGE
 
	  	 SECTION or EXHIBIT
 

	 Affiliates
 	  	 12
 	  	 24.18(a)
 
	 Alterations
 	  	 5
 	  	 13
 
	 Bankruptcy Code
 	  	 Page 1 of 1
 	  	 Exhibit “F”, ¶23.1
 
	 Base Rent
 	  	 1
 	  	 1.1(f)
 
	 Building
 	  	 1
 	  	 1.1(d)
 
	 cafeteria charges
 	  	 12
 	  	 24.18(b)
 
	 Common Area
 	  	 6
 	  	 15
 
	 Condemnation
 	  	 7
 	  	 17
 
	 Default Rate
 	  	 10
 	  	 22.4
 
	 Guarantor
 	  	 1
 	  	 1.1(Lease)
 
	 hazardous substances
 	  	 13
 	  	 25
 
	 Landlord’s Mortgagees
 	  	 12
 	  	 24.18(c), Exhibit “C”, ¶1.1
 
	 Landlord’s Work
 	  	 1
 	  	 2
 
	 Laws
 	  	 13
 	  	 24.18(d)
 
	 Lease Year
 	  	 2
 	  	 4
 
	 Liabilities
 	  	 13
 	  	 24.18(e)
 
	 Liens
 	  	 5
 	  	 13.4
 
	 Notices
 	  	 12
 	  	 24.16
 
	 Operating Costs
 	  	 2
 	  	 7.1
 
	 Premises
 	  	 1
 	  	 1.1(c)
 
	 Project
 	  	 1
 	  	 1.1(e)
 
	 rent
 	  	 2
 	  	 5
 
	 Rent Commencement Date
 	  	 1
 	  	 1.1(a)
 
	 Security Deposit
 	  	 1
 	  	 1.1(h)
 
	 Superior Leases and Mortgages
 	  	 13
 	  	 24.18(f)
 
	 Systems and Equipment
 	  	 13
 	  	 24.18(g)
 
	 Taxes
 	  	 2
 	  	 6.1
 
	 Tenant Delays
 	  	 Page 1 of 1
 	  	 Exhibit “C”, ¶1.2
 
	 Tenant’s Broker
 	  	 1
 	  	 1.1(m)
 
	 Tenant’s Percentage
 	  	 1
 	  	 1.1(g)
 
	 Tenant’s Property
 	  	 2
 	  	 3
 
	 Tenant’s Work
 	  	 1
 	  	 2, Exhibit “C”, ¶1.2
 
	 Transfer
 	  	 7
 	  	 18.1
 

 

 
 iii 

 LEASE 
  
 THIS LEASE, dated as of June 26, 2002, is between ANDOVER MILLS REALTY LIMITED PARTNERSHIP, a Massachusetts limited partnership (“Landlord”), and SYNPLICITY, INC., a California
corporation (“Tenant”). 
  
 Landlord leases the Premises to Tenant and Tenant leases the Premises from
Landlord on the following terms and conditions: 
  
 1.    BASIC LEASE PROVISIONS. 
  
 1.1    Summary. 
  
 (1)  Rent Commencement Date: When Landlord’s Work is deemed to have been substantially completed in accordance with the terms of this Lease,
or when Tenant occupies the Premises to conduct business, whichever is earlier. 
  
 (2)  Term: This Lease is effective as of the date hereof, and the Lease term begins on the Rent Commencement Date and ends five (5) Lease Years thereafter, unless terminated earlier or extended in accordance with this
Lease. 
  
 (3)  Premises: Space on the fifth (5th) Floor of the Building (as shown in
Exhibit “B”), with an agreed rentable area of 3,549 square feet. 
  
 (4)  Building: Building 100, in which the Premises is located. 
  
 (5)  Project: The land, buildings, improvements and appurtenances, both above and below grade, now commonly known as Brickstone Square, located in Andover, Massachusetts, as generally depicted on Exhibit “A.”

  
 (6)  Base Rent: (see Exhibit “D”). 
  
 (7)  Tenant’s Percentage: 0.38%. 
  
 (8)  Security Deposit: Twenty-one Thousand Two Hundred Ninety-four Dollars ($21,294). 
  
 (9)  Use of Premises: As sales offices for a software company. 
  
 (10)  Notice to Tenant: 
  
 Synplicity, Inc. 
 935 Stewart Drive 
 Sunnyvale, California 94085 
 Attn: Penny
Miller 
  
 (11)  Notice to Landlord: 
  

Andover Mills Realty Limited Partnership 
 200 Brickstone Square 
 Andover, Massachusetts 01810 
 Attn: Martin Spagat 
  
 With a Copy to: 

 
 Brickstone Properties Incorporated 
 The Plaza at Continental Park 
 Suite 5252 
 2101 Rosecrans Avenue 
 El Segundo,
California 90245-4742 
 Attn: John G. Baker, Esq. 
  
 (12)  Guarantor: None. 
  
 (13)  Tenant’s Broker: Prudential Howe & Doherty Realtors. 
  
 (14)  Certain Other Defined Terms: [See Section 24.18] 
  
 1.2    Conflict.  If there is a conflict between this summary and the rest of this Lease, the rest of this Lease will control. 
  
 2.    CONSTRUCTION OF PREMISES. 
  
 Landlord will diligently perform “Landlord’s Work” and Tenant will diligently perform “Tenant’s Work” (if any) as described in the Workletter attached as Exhibit “C” in accordance with the
Workletter and the rest of this Lease. Landlord’s Work will be deemed substantially completed even if Landlord has not completed “punch list” or other minor items, as long as Landlord agrees to complete these items diligently.
Tenant’s final punch list will be submitted to Landlord within fifteen (15) days after Landlord notifies Tenant that Landlord’s Work is substantially completed. Substantial completion of Landlord’s Work will be deemed to have occurred
on the earlier of: the date as of which Landlord’s architect certifies in good faith that Landlord’s Work has been substantially completed in substantial conformance with the plans and specifications therefor (or the date as of which such
substantial completion would have occurred but for any delays or Tenant’s Work for which Tenant is responsible); or the date that the applicable governmental authorities issue a temporary or final certificate of occupancy for the Premises (or
the date as of which such a certificate of occupancy reasonably could have been issued but for any delays or Tenant’s Work for which Tenant is responsible). 

  
 3.    POSSESSION AND SURRENDER OF PREMISES. 
  
 When this Lease terminates, Tenant will remove all of its signs, movable trade fixtures and equipment, inventory and other personal
property, whether owned by Tenant or its Affiliates (“Tenant’s Property”). Tenant’s Property remaining after termination will be deemed abandoned and Landlord may keep, sell, destroy or dispose of it without incurring any
Liabilities to Tenant or its Affiliates. Tenant will repair all damage (casualty damage excepted) and surrender the Premises broom clean and in good order, condition and repair, and otherwise in the same condition as on the Rent Commencement Date,
unless such requirement is specifically waived in writing by Landlord. 
  
 4.    TERM. 

 
 The term of this Lease is as set forth in Section 1.1(b). A “Lease Year” is a period of twelve (12) consecutive
calendar months during the Lease term, starting with the Rent Commencement Date. However, the first Lease Year is the first twelve (12) full calendar months plus the partial month (if any) after the Rent Commencement Date if the Rent Commencement
Date is not the first day of the month, and the last Lease Year may be less than twelve (12) months if the expiration or termination date of this Lease is not the last day of a Lease Year. 
  

5.    RENT. 
  
 Tenant
will pay the base rent as shown in Exhibit “D” in equal monthly installments in advance beginning as of the Rent Commencement Date and thereafter on the first day of each month during the term, prorated for any portion of a month. The term
“rent” includes base rent, additional rent and all other amounts to be paid by Tenant under this Lease, whether or not specifically described as rent. All rent will be paid to Landlord without demand, deduction, counterclaim or offset of
any type in good funds and lawful U.S. legal tender at The Plaza at Continental Park, Suite 5252, 2101 Rosecrans Avenue, El Segundo, California 90245-4742, Attn: Accounting Dept., or to such other person or place as Landlord may from time to time
designate. Tenant will pay the first full month’s base rent when it executes this Lease. 
  
 6.    TAXES.

  
 6.1    Definition of Taxes.    “Taxes” means all
taxes, assessments, levies, charges and fees imposed against, for or in connection with all or any portion of: the Project; the use, ownership, leasing, occupancy, operation, management, repair, maintenance, demolition or improvement of the Project;
Landlord’s right to receive, or the receipt of, rent, profit or income from the Project; improvements, utilities and services, whether because of special assessment districts or otherwise; the value of Landlord’s interest in the Project; a
reassessment due to any change in ownership or other transfer of all or any portion of the Project; and fixtures, equipment and other real or personal property used in connection with the Project. Taxes also include, without limitation, license
fees, sales, use, capital and value-added taxes, penalties, interest and costs incurred in contesting taxes, and any charges or taxes in addition to, in substitution or in lieu of, partially or totally, any taxes or charges previously included
within this definition, including taxes or charges completely unforeseen by the parties and collected from whatever source. Taxes do not include: Landlord’s federal or state net income, franchise, excise, inheritance, gift or estate
taxes. 
  
 6.2    Payment of Taxes.    Subject to Article 8, as of the
Rent Commencement Date Tenant will pay Tenant’s Percentage of Taxes directly to Landlord as additional rent within thirty (30) days after receipt of Landlord’s bills from time to time. 
  

6.3    Tenant’s Taxes.    Tenant will pay before delinquency all taxes assessments, license fees and charges
levied, assessed or imposed on Tenant, Tenant’s business operations and Tenant’s Property and will indemnify and hold Landlord harmless therefrom. 
  
 7.    OPERATING COSTS. 
  
 7.1    Definition of Operating Costs.    “Operating Costs” are all costs and expenses incurred in connection with the Project and its ownership, operation, management,
maintenance, repair, replacement and improvement, including, without limitation, costs for: services, costs and utilities not otherwise directly paid or reimbursed by tenants; materials, supplies and equipment; insurance premiums and costs; wages
and payroll, including bonuses, fringe benefits, workers compensation and payroll taxes; professional and consulting fees; management fees at then-prevailing rates or the current rates now charged for the Project, whichever is greater, or, if no
managing agent is retained, an amount in lieu thereof not in excess of prevailing rates or those current rates, whichever is greater; cafeteria charges; and complying with any Laws and insurance requirements. Operating Costs do not include:
Taxes or the exclusions therefrom; depreciation of the Project structures and improvements; Landlord’s loan fees, points, debt service or ground lease payments, or costs incurred in negotiating any of the underlying documents in connection
therewith; brokerage commissions; the cost of Landlord’s Work, tenant allowances or workletter costs or any other costs incurred with respect to the installation of tenant improvements or in otherwise improving, decorating, painting or
redecorating vacant space held for lease to tenants (but such exclusion will apply only with respect to the costs directly allocable to the space to be leased to such tenants); costs of negotiating or enforcing leases; free rent, rent abatements or
similar inducements offered by Landlord to obtain tenants; expenses for repairs or maintenance to the extent reimbursed by warranties, guaranties, service contracts or insurance proceeds; costs for the replacement (as opposed to maintenance and
repair) of basic structural components of the Project; costs involved in defending Landlord’s title to the Project; costs to influence prospective legislation; and costs directly paid or specifically reimbursed by tenants in the Project (other
than by an allocation of Operating Costs), such as separately metered electricity payable directly by a tenant to the utility company. 
  
 7.2    Payment of Operating Costs.    Subject to Article 8, as of the Rent Commencement Date Tenant will pay Tenant’s Percentage of Operating Costs directly to Landlord as
additional rent within thirty (30) days after receipt of Landlord’s bills from time to time. 
  
 7.3    Building Operating Costs.    From time to time, Landlord may determine that certain costs otherwise included within the definition of Operating Costs more properly relate solely
or primarily to less than all of the Buildings in the Project (as a hypothetical example, elevator maintenance for elevators serving only the Building). If Landlord so elects, these costs will be deducted from Operating Costs and allocated only to
tenants of the applicable Building(s), Tenant’s share of these costs will be calculated by dividing Tenant’s rentable square footage by the rentable square footage leased to all tenants in the applicable Building(s) and otherwise Tenant
will pay its share of these costs in the manner described in Section 7.2. 
  
 7.4    Determining Operating Costs.    Notwithstanding anything to the contrary, in determining Operating Costs for any calendar year, Lease Year or other relevant year, if during that
period less than 100% of the area held for lease by Landlord in the Project is leased and occupied by tenants, then the Operating Costs for that period will be 

 
 2 

 
deemed to be equal to the Operating Costs that Landlord would expect to have incurred if the Project had been fully leased and occupied for such period, as reasonably determined by Landlord.

  
 8.    MONTHLY PAYMENT OF TAXES AND OPERATING COSTS; LIMITATION ON COSTS. 
  
 (a)  At any time and from time to time, and subject to later change, Landlord may elect to have Tenant pay Tenant’s share
of Taxes and Operating Costs (or either of them) in monthly installments in advance on the first of each month, based on amounts reasonably estimated by Landlord (as revised from time to time). If these estimated monthly payments are required, after
the end of each tax fiscal year, Lease Year or other relevant periods selected by Landlord, Landlord will deliver to Tenant a statement of the actual amounts due for the period. Any additional amounts due from Tenant will be payable as additional
rent within thirty (30) days after receipt of Landlord’s statement, and any overpayment by Tenant will be refunded by Landlord or, at Landlord’s option, deducted from the next monthly installments of rent due from Tenant. At any time or
from time to time, Landlord may deliver a bill to Tenant for Tenant’s share of Taxes and/or Operating Costs (or specified portions thereof) and Tenant will pay the amount due to Landlord as additional rent within thirty (30) days after receipt
of Landlord’s bill. Tenant will receive a credit for any estimated monthly payments or other payments for such charges already paid by Tenant for the period covered by that bill. 
  
 (b)  Notwithstanding anything to the contrary, if Tenant’s share of Taxes and Operating Costs (inclusive of cafeteria charges) for the first twelve (12)
months of the Lease term exceed Six Dollars and Sixty Cents ($6.60) per square foot of agreed rentable area in the Premises, Tenant will not be responsible for those excess costs. 
  
 9.    INSURANCE. 
  
 9.1    Tenant’s Insurance; Waiver of Subrogation. 
  
 (a)  Tenant will maintain during the term: 
  
 (i)  Commercial
general liability insurance (Broad Form), with contractual liability, cross-liability and fire legal liability endorsements, protecting against all claims and liabilities for personal, bodily and other injuries, death and property damage including,
without limitation, broad form property damage insurance, automobile and personal injury coverage. This insurance also will insure Tenant’s indemnities. The amount of this insurance will not be less than Two Million Dollars ($2,000,000)
combined single limit for each occurrence. If this policy includes a “general aggregate” limit, the limit will be at least twice the combined single limit per occurrence. 
  
 (ii)  “Special Form” casualty insurance, covering all of Tenant’s Work, Tenant’s Property and all Alterations made by or for
the benefit of Tenant. This insurance will be for full replacement value. 
  
 (iii)  Loss
of income and business interruption insurance in an amount that will reimburse Tenant for direct and indirect loss of six (6) months of earnings and other costs attributable to all perils commonly insured against by prudent Tenants or attributable
to prevention of access to the Premises or to the Building as a result of such perils. 
  
 (iv)  Employer’s liability insurance of not less than One Million Dollars ($1,000,000), and worker’s compensation insurance in statutory limits. 
  
 (v)  Builder’s risk insurance (completed value form) for work required of or permitted to be made by Tenant. The amount of this insurance
will be reasonably satisfactory to Landlord and must be obtained before any work is begun. 
  
 (b)  The initial amounts of insurance described above will be subject to reasonable periodic increase (but not more often than annually) based on inflation, increased liability awards and other relevant factors, as
reasonably determined by Landlord. 
  
 (c)  All policies of insurance carried by Tenant
must: name Landlord and its designees as additional insureds; contain a waiver by the insurer of any right to subrogation against Landlord and its Affiliates; be written on an “occurrence” basis; be from insurers in good standing and
licensed to do business in Massachusetts with a Best’s rating of at least A-X; and state that the insurers will not cancel, fail to renew or modify the coverage without first giving Landlord and any other additional insureds at least thirty
(30) days prior written notice. 
  
 (d)  Tenant will supply copies of each paid-up policy
or a certificate from the insurer certifying that the policy has been issued and complies with all of the terms of this Article. The policies or certificates will be delivered to Landlord when the Lease is signed and renewals provided not less than
thirty (30) days before the expiration of the coverage. Landlord always may inspect and copy any of the policies. Tenant waives subrogation and any right to claim or recover against Landlord or its Affiliates for Liabilities in connection with any
damage, loss or liability due to a peril covered under the casualty (and similar) insurance policies required to be or actually maintained by Tenant. 
  
 (e)  Tenant and its Affiliates will not undertake, fail to undertake or permit any acts or omissions which will in any way increase the cost of,
violate, void or make voidable all or any portion of any insurance policies maintained by Landlord, unless Landlord gives its specific written consent and Tenant pays all increased costs directly to Landlord on demand. 
  
 9.2    Landlord’s Insurance; Waiver of Subrogation.     Landlord will maintain
casualty insurance of at least 80% of the full replacement cost of the Project (excluding foundations, footings, below-grade space and any historic items or structures), commercial general public liability insurance (Broad Form or the functional
equivalent) of at least Five Million Dollars ($5,000,000), and other insurance policies (including, without limitation, rental loss insurance policies), all in such amounts(except as may be specified above), with such deductibles and providing
protection against such perils as Landlord determines to be necessary in its sole discretion. All losses on all policies maintained pursuant to this Article will be settled in Landlord’s name (or as otherwise designated by Landlord) and
proceeds will belong and be paid to or at the direction of Landlord. Landlord hereby waives subrogation and any right to claim or recover against Tenant or its Affiliates for Liabilities in connection with any damage, loss or liability due to a
peril covered under the casualty (and similar) insurance policies required to be or actually maintained by Landlord. Landlord makes no representations or warranties as to the adequacy of any insurance to protect Landlord’s or Tenant’s
interests. 

 
 3 

  
 10.    UTILITIES. 
  
 (a)  Tenant will pay when due to the furnishing parties all fees and costs for utility services furnished to the Premises,
including, without limitation, telephone, electricity, (including, without limitation, electricity for any heat pump(s) or other portion of the HVAC Systems and Equipment dedicated to the Premises), sewer, water and gas (if furnished). If a utility
or service is not separately metered or submetered and payable directly to the utility provider, Tenant will pay its share (as reasonably determined by Landlord, by “intellimetering” or otherwise) of such costs directly to Landlord as
additional rent within thirty (30) days after receipt of Landlord’s bill. Landlord will diligently attempt to restore malfunctioning or interrupted utility service as soon as reasonably possible, but Landlord is not responsible for any
Liabilities incurred by Tenant or Tenant’s Affiliates nor may Tenant abate rent, terminate this Lease or pursue any other right or remedy against Landlord or Landlord’s Affiliates as a result of any malfunction, interruption or suspension
of any utilities, services or associated Systems and Equipment. Landlord specifically retains (and if necessary Tenant hereby grants to Landlord) the sole and exclusive right to determine the electricity provider(s) for the Premises and the rest of
the Project. 
  
 (b)  Tenant may request HVAC service before and after normal business hours (i.e., 7:00
a.m. to 7:00 p.m. Monday through Friday and 7:00 a.m. to 1:00 p.m. Saturday, holidays excepted) at Tenant’s expense pursuant to procedures promulgated by Landlord from time to time at a rate per hour or fraction thereof equal to Fifty Dollars
($50), increased at the beginning of each calendar year by an amount equal to six percent (6%). 
  
 11.    USE OF
PREMISES. 
  
 Tenant will: 
  
 (a) Operate its business in an attractive and first class manner and not permit any objectionable or unreasonable noises, vibrations, odors or fumes in or
to emanate from the Premises, nor commit or permit any waste, improper, immoral or offensive use of the Premises, any public or private nuisance or anything that disturbs the quiet enjoyment of the other tenants, licensees, occupants or customers of
the Project, and use and occupy the Premises throughout the term and only for the purposes described in Section 1.1(i), but for no other purpose. All deliveries and pickups must be conducted at times and in the manner reasonably prescribed by
Landlord, and only in those loading docks or areas specified by Landlord. All trash and waste products must be stored, discharged, processed and removed in the manner reasonably prescribed by Landlord, and so as not to be visible to other tenants or
create any health or fire hazard. 
  
 (b) Install only window coverings and treatments approved by
Landlord and, once installed, keep them sufficiently closed to shield from outside view any machinery or other equipment that Landlord determines is unsightly or inconsistent with that portion of the Project. Tenant will vent only through louvers in
the windows of the Premises (if any), but Tenant may not detach those louvers. 
  
 (c) Not: permit
any coin or token operated vending, video, pinball, gaming or other mechanical devices on the Premises, except for telephones and vending machines solely for use by Tenant’s employees; sell lottery or raffle tickets; operate a restaurant;
engage in the business of banking or selling or purchasing securities; permit diplomatic, governmental or quasi-governmental agencies to occupy the Premises; use the Premises for retail sales to the general public or as doctors’ offices, a
school or educational institution, living or sleeping quarters; store, sell or distribute obscene, graphic, sexually-explicit, lewd or pornographic materials (as determined in Landlord’s judgment) or engage in related businesses in or from the
Premises; or conduct any auction, or any distress, fire, bankruptcy or going out of business sale. 
  
 (d) Comply with: Laws and insurance requirements affecting the Premises, the Project or any use and occupancy thereof (including, without limitation, making required improvements to the Premises, but not any modifications or
improvements to the base-building life-safety system or the Building structure unless required because of Tenant’s specific use or manner of use of the Premises); and Landlord’s rules and regulations and reasonable changes thereto. Tenant
will, at its expense, obtain and maintain all licenses, approvals and variances necessary to conduct its business and occupy the Premises, but none of those licenses, permits or variances will be binding on or in any way affect or restrict Landlord,
any other tenants in the Project or the Project itself. 
  
 (e) If it wishes, at its expense: install
signs or lettering on the entry doors to the Premises identifying its tenancy in the manner customary to first-class office buildings. Tenant will conform to standards established by Landlord from time to time for these signs or lettering and submit
for Landlord’s prior approval a plan or sketch of Tenant’s proposed sign or lettering together with a list of materials and specifications and the proposed manner of attachment. Landlord will place Tenant’s name (along with the names
of other tenants) on a Building directory sign at no cost to Tenant, and all other signs, lettering, awnings, canopies or other decorations require Landlord’s prior written approval. 
  
 (f) Not use any advertising or other media or other device which can be heard or experienced outside the Premises (except as permitted in subparagraph (e)
above), including without limitation, lights or audio or visual devices. Tenant will not distribute handbills or advertising, promotional or other materials anywhere in the Project or solicit business in the Project other than within its own
Premises. 
  
 12.    MAINTENANCE AND REPAIRS. 
  
 12.1    Landlord’s Obligations.  Landlord will cause to be repaired and maintained the exterior and interior Common Area of the
Project, the elevators, the structural parts of the roof, floor and load-bearing walls of the Premises (but not the interior surfaces), the common base-building life-safety system, the common base-building HVAC Systems and Equipment (not including
any dedicated heat pump(s) or other portions of the HVAC Systems and Equipment dedicated to the Premises), the common base-building electrical Systems and Equipment up to but not beyond the bus duct tap, and the common base-building plumbing Systems
and Equipment up to and including, but not beyond, the main vertical risers, and the sanitary sewer and water lines outside of the footprint of the Premises, but specifically excluding any supplemental or additional electrical, plumbing or other
Systems and Equipment that are above base-building standard or involve special Tenant requirements or equipment, all of which will be Tenant’s responsibility to repair and maintain (e.g., computer-room electrical or HVAC systems, audio/visual,
computer, data or telecommunications systems, special security systems, interior bathrooms, kitchens and kitchen appliances, etc.). However, Tenant will be responsible for all repairs and maintenance resulting from Tenant’s Alterations or the
negligent or intentional acts or omissions of Tenant or its Affiliates. Landlord will make its repairs within a reasonable time following Tenant’s notification that the repairs are required. Landlord’s obligations are subject to the
provisions of Articles 16 and 17 and the rest of this Lease. 

 
 4 

  
 12.2    Tenant’s
Obligations.    Except for Landlord’s obligations in Section 12.1, Tenant will clean, maintain and repair the Premises and the Systems and Equipment specifically serving the Premises in a first-class manner, and keep the
Premises in good order and condition, including, without limitation, Tenant’s Property, all doors, window treatments, wall coverings, floor coverings, non-structural portions of the ceiling, floor and walls, and Tenant’s Alterations
(unless otherwise requested by Landlord). Tenant also will be responsible for its prorata share of the costs for electricity, repair and maintenance for any rooftop condensing units serving the Premises, based on the relative rentable areas of the
spaces served by those units. 
  
 13.    ALTERATIONS. 
  
 13.1    Landlord’s Consent.    “Alterations” means Tenant’s
alterations, additions, improvements, remodeling, repainting, decorations or other changes. Tenant may make nonstructural Alterations to the interior of the Premises without Landlord’s consent as long as the Alterations do not: affect
the windows, the exterior of the Building, or any portion of the Building or the rest of the Project outside of the Premises; affect the strength, structural integrity or load-bearing capacity of any portion of the Building; affect the Systems and
Equipment in the Premises or the rest of the Building or increase Tenant’s usage; or, in Landlord’s reasonable judgment, cost more than a total of Fifty Thousand Dollars ($50,000) in any Lease Year when combined with the cost of other
Alterations made in that Lease Year. All other Alterations require Landlord’s prior written consent. Whether or not Landlord’s consent is required, Alterations are subject to the rest of this Article. 
  
 13.2    Notice.    Tenant will notify Landlord not less than fifteen (15) days before
beginning any Alterations. Together with Tenant’s notice, Tenant will give Landlord copies of the necessary permits and approvals and, if Landlord deems it necessary, plans and specifications for the Alterations (but not for minor,
non-structural Alterations such as wall coverings, wall hangings, built-in cabinetry, movable partitions and painting). Landlord’s review or approval of Tenant’s plans and specifications is solely for Landlord’s benefit and will not
be considered a representation or warranty to Tenant as to safety, adequacy, efficiency, compliance with Laws or any other matter, or a waiver of any of Tenant’s obligations. Except for items of Tenant’s Property, all Alterations will be
deemed Landlord’s property and part of the realty, and will be surrendered with the Premises at the end of this Lease, unless otherwise requested by Landlord. 
  
 13.3    Compliance with Laws.    Alterations will comply in all respects with this Lease and applicable Laws and insurance
requirements. Alterations will be done in a first-class manner, using first quality materials, and so as not to interfere in any way with Landlord or any other tenant in the Project, cause labor disputes, disharmony or delay, or impose any
Liabilities on Landlord. Alterations will be performed only by experienced, licensed and bonded contractors and subcontractors approved in writing by Landlord, which approval will not be unreasonably withheld or delayed. Tenant will cause its
contractors and subcontractors to carry commercial general liability insurance with the same attributes and subject to the same requirements as those set forth in Section 9.1(a)(i), in the amount of at least One Million Dollars ($1,000,000) combined
single limit for each occurrence (subject to reasonable increase during the term at Landlord’s request), naming Landlord and its designees as additional insureds, and workmen’s compensation insurance in statutory limits. 

 
 13.4    Liens.    Tenant will pay when due all claims for labor, materials and
services claimed to be furnished for Tenant or Tenant’s Affiliates or for their benefit and keep the Premises and the Project free from all liens, security interests and encumbrances (“Liens”). Tenant will indemnify Landlord for, and
hold Landlord harmless from, all Liens, the removal of all Liens and any related actions or proceedings, and all Liabilities incurred by Landlord in connection therewith. NOTICE IS HEREBY GIVEN TO ALL PERSONS FURNISHING LABOR OR MATERIALS TO TENANT
THAT NO MECHANICS’, MATERIALMEN’S OR OTHER LIENS SOUGHT ON THE PREMISES WILL IN ANY MANNER AFFECT LANDLORD’S RIGHT, TITLE OR INTEREST. 
  
 13.5    Labor Harmony.    Tenant will not, directly or indirectly, employ or permit the employment of any contractor, mechanic or laborer, or permit any
materials to be brought into the Premises or the rest of the Project, if it would create any work slow down, sabotage, strike, wild-cat strike, picketing or jurisdictional dispute (a “Labor Incident”), or would in any way disturb the
peaceful and harmonious operation, management, maintenance, cleaning, security or improvement of the Project or any part thereof. Tenant will be solely responsible for all Liabilities resulting from any such Labor Incident or disturbance, and,
without limiting any other rights and remedies of Landlord, upon demand of Landlord Tenant immediately will cause all contractors, mechanics, laborers or materials that are the subject of such Labor Incident or disturbance to be removed from the
Project. 
  
 14.    INDEMNITY; SATISFACTION OF REMEDIES. 
  
 14.1    Indemnification.    In addition to any other indemnities in this Lease, Tenant will
indemnify Landlord for and hold Landlord harmless from Liabilities arising from or in connection with: acts or omissions of Tenant or its Affiliates or the conduct of Tenant’s business and injuries, death or damage occurring in or on the
Premises; Tenant’s breach of or default under this Lease; claims made by Tenant’s Affiliates against Landlord if Tenant has waived those claims in this Lease or Landlord would not be responsible to Tenant for such claims if such claims
were made by Tenant in accordance with this Lease; and claims by Tenant’s Affiliates or other persons if Landlord declines to consent to any act, event or document requiring Landlord’s consent under this Lease (although, subject to the
terms of this Lease, this will not prevent Tenant from making its own claim solely for its own benefit and on its own behalf if Landlord declines to consent where Landlord is required to consent under the terms of this Lease). 

 
 14.2    Damage to Persons or Property.    Subject to the rest of this Section
and the rest of this Lease, Landlord will be liable for damages if and to the extent directly caused by its own negligence or willful misconduct in breach of this Lease, but Landlord will not be liable for any special, indirect, consequential,
punitive or similar damages (including, without limitation, any loss of use or revenue by Tenant or any other person) under any circumstances, or for any Liabilities arising from or in connection with: acts or omissions of Tenant, any other tenants
of the Project, any third parties, or their Affiliates, including, without limitation, burglary, vandalism, theft, or criminal or illegal activity; explosion, fire, steam, electricity, water, gas, rain, pollution, contamination, hazardous
substances, motor vehicles or any casualties; breakage, cracking, leakage, malfunction, obstruction or other defects in Systems and Equipment or the roof, walls, floors, surfaces or structure, or of any services or utilities; any work, demolition,
maintenance or repairs permitted under this Lease; any exercise of Landlord’s rights under any Laws or under this Lease, including any entry by Landlord or its Affiliates on the Premises in accordance with this Lease; or any of the matters
described in Section 24.5. Tenant and Tenant’s Affiliates assume the risk of all of these Liabilities and waive all claims against Landlord in connection therewith. Tenant also waives any Laws or rights that would permit Tenant to terminate
this Lease, perform repairs or maintenance in lieu of Landlord (or on Landlord’s behalf), or offset or withhold any amounts due because of damage to or destruction of the Premises, any repairs or maintenance, or for any other reason. Tenant
immediately will notify Landlord of any damage or injury to persons or property and any events which could be anticipated to give rise to any of the foregoing Liabilities. This exculpation of Landlord and all of Tenant’s waivers in this Lease
will apply to all of Tenant’s Affiliates to
 

 
 5 

 
the greatest extent possible. If and to the extent that this exculpation and these waivers do not so apply, Tenant will indemnify Landlord for and hold Landlord free and harmless from all
Liabilities incurred by Landlord to or in connection with Tenant’s Affiliates. Notwithstanding anything to the contrary in this Lease or elsewhere, Landlord and its Affiliates will have no Liabilities of any type with respect to Tenant’s
Property and any other property owned by Tenant or its Affiliates, and all of such Liabilities are hereby waived by Tenant. 
  
 14.3    Satisfaction of Remedies.    Notwithstanding anything in this Lease or elsewhere to the contrary: Tenant and its Affiliates will look solely to Landlord’s interest in the
Project to satisfy any claims, rights or remedies, and Landlord and its partners and their respective Affiliates (including any property managers), at every level of ownership and interest, have no personal or individual liability of any type,
whether for breach of this Lease or their negligence or otherwise (and such Liabilities are hereby waived by Tenant), their assets will not be subject to lien or levy of any type, nor will they be named individually in any suits, actions or
proceedings of any type. 
  
 15.    COMMON AREA AND PARKING. 
  
 15.1    Common Area.    “Common Area” means all areas and improvements within the
Project, as it now exists or as it exists in the future, not held or designated for the exclusive use or occupancy of Landlord, Tenant, or other tenants. Tenant may use the Common Area on a nonexclusive basis during this Lease. Landlord reserves all
rights in connection with the Common Area and the rest of the Project, including, without limitation, the right to change, relocate, add to, improve or demolish portions of the land and/or improvements and the layout thereof and promulgate rules and
regulations with respect thereto, limit the use of any portion of the Common Area by Tenant or its Affiliates, and place certain portions of the Common Area off limits to Tenant and its Affiliates, including, without limitation, janitorial,
maintenance, equipment and storage areas, and entrances, loading docks, corridors, elevators and parking areas. Landlord reserves the space above hung ceilings, below the floor and within the walls of the Premises, and the right to install,
relocate, remove, use, maintain, repair and replace Systems and Equipment within or serving the Premises or other parts of the Building or the Project. Except during emergencies or by reason of force majeure or necessary maintenance, repair or
construction, Landlord’s exercise of the rights in this Article will not ever prevent Tenant from having access to the Premises, which is granted 24 hours per day, 7 days per week, but such exercise will not under any circumstances require
Landlord to compensate Tenant in any way, result in any Liabilities to Landlord, entitle Tenant to abate rent, or reduce Tenant’s Lease obligations. 
  
 15.2    Parking. 
  
 (a)  During
the term, Tenant may park eleven (11) of its passenger cars (four (4) of which will be in assigned spaces, and the balance of which will be on a non-exclusive basis) at no additional charge in the areas designated by Landlord from time to time for
Tenant’s parking (see Exhibit ”A”). Tenant will not park in spaces assigned to other tenants or reserved for visitor parking. If Tenant does not use all of its parking spaces, Landlord may allow others to use those spaces at no
charge, subject to Tenant’s right to reclaim those spaces as and when legitimately needed for Tenant’s parking. 
  
 (b)  Tenant understands and agrees that Landlord will not be responsible for, and will not incur any Liabilities to Tenant or its Affiliates with respect to, and Tenant waives and assumes the risk of, any acts or omissions
occurring within the parking areas or any entrances and exits thereto or therefrom, including, without limitation, any injuries, death, or loss or damage to cars or other property, and Tenant will not name Landlord or its Affiliates, or bring any
actions of any kind against them, in connection therewith or as a result thereof. 
  
 (c)  Tenant may not
sublease, assign or otherwise Transfer any parking rights except to a permitted assignee or sublessee as part of such permitted assignment or sublease. In addition to Landlord’s rights as set forth in Section 15.1, Landlord may: limit access to
portions of the parking areas; change signs, lanes and the direction of traffic within the parking areas; change, eliminate or add parking spaces or areas devoted to parking; designate the area (or space) within which each authorized automobile may
be parked and change any such designation from time to time; establish alternative means of identifying and controlling authorized parking; promulgate rules and regulations; construct additional and/or structured parking; and take any other actions
deemed necessary by Landlord, provided that Tenant’s authorized parking spaces will not be reduced nor will Tenant be charged for parking over and above its share of Taxes and Operating Costs related thereto (although unless Landlord otherwise
specifically agrees in a writing signed by Landlord and Tenant, Tenant will not park in the existing parking garage or any other structured parking facility unless Tenant agrees to pay additional charges as may be demanded by Landlord).

  
 16.    DAMAGE OR DESTRUCTION. 
  
 16.1    Repairs.    Subject to the rest of this Article and the rest of this Lease, Landlord will repair damage to the
Premises caused by casualties insured against under the casualty policies that Landlord is required to maintain hereunder. However, Landlord is not obligated to repair damage for which Landlord has no liability under other provisions of this Lease.
Except as may otherwise be required by then-applicable Laws, Landlord will attempt to restore the damaged portions to their prior condition, but Landlord is not required to undertake repairs unless insurance proceeds are available, spend more than
the net insurance proceeds it actually receives and is permitted to retain for any repair or replacement, or repair or replace any damage to Tenant’s Work, Tenant’s Property or any Alterations. Landlord will begin repairs within a
reasonable time after receiving notice of the damage, required building permits or licenses and the insurance proceeds payable on account of the damage. 
  
 16.2    Election to Terminate. 
  
 (a)  Landlord has the option either to repair the casualty damage, or terminate this Lease by delivering written notice within seventy-five (75) days after the damage occurs, if: the damage occurs during the last year of
the term; or Tenant is in default; or the repairs would take more than one hundred twenty (120) days to complete or cost more than fifty percent (50%) of the cost of Landlord’s Work; or the damage was caused primarily by the intentional act or
omission of Tenant or its Affiliates; or the casualty damages more than twenty five percent (25%) of either: the leasable space in the rest of the Building: or the leasable space in the rest of the Project (other than the Building); or the Common
Area of the Building; or the parking area. 
  
 (b)  Tenant also has the option to terminate this Lease by
delivering written notice to Landlord if: the casualty damages the Premises and renders it untenantable, Landlord is required or elects to repair and the repairs which Landlord is required to make are not substantially completed within twelve (12)
months after the damage occurs (subject to extension of this period for up to an additional two [2] months for delays caused by force majeure); the damage was not caused by the acts or omissions of Tenant or its Affiliates and Tenant is not in
default; and Tenant delivers its written termination notice to Landlord within fifteen (15) days after the end of Landlord’s repair period and
 

 
 6 

 
Landlord fails to substantially complete within sixty (60) days after receiving this notice. Under these circumstances, this Lease will terminate at the end of this sixty (60)-day period.

  
 16.3    Abatement of Rent.    Subject to Section 16.2, if the
Premises are damaged so as to be untenantable for more than three (3) consecutive business days, base rent and Tenant’s share of Taxes and Operating Costs will abate until Landlord has substantially completed the repairs and given Tenant access
to the Premises, or Tenant reoccupies part of the Premises, whichever is earlier. If Tenant continues to occupy or reoccupies the Premises before substantial completion of these repairs but cannot occupy substantially all of the Premises because of
these ongoing repairs, base rent and Tenant’s share of Taxes and Operating Costs will abate in proportion to the degree to which Tenant’s use of the Premises is impaired, as reasonably determined by Landlord. The base rent abatement will
not exceed the annual base rent for the Lease Year in which the damage occurs. The abatement of base rent and Tenant’s share of Taxes and Operating Costs described above, and Tenant’s rights under Section 16.2(b), are Tenant’s sole
rights, remedies and compensation in connection with any damage, destruction or repairs. 
  
 17.    CONDEMNATION. 
  
 If all or substantially all of the
Premises are condemned, taken or appropriated by any public or quasi-public authority under the power of eminent domain, police power or otherwise, or if there is a sale in lieu thereof (“Condemned”), this Lease will terminate when title
or possession is taken by the condemning authority or its designee. If: 
  
 (a)  More than
twenty five percent (25%) of the usable area of the Premises is Condemned, either Landlord or Tenant may terminate this Lease when title or possession is taken by the condemning authority or its designee by delivering written notice to the other
within fifteen (15) days thereafter. Landlord also may terminate this Lease if more than twenty five percent (25%) of any of the following are Condemned: the leasable area of the rest of the Building; the leasable area of the Project (other than the
Building); the Common Area of the Building; or the parking area. 
  
 (b)  Part of the
Premises is Condemned and this Lease is not terminated, Landlord will attempt to make the necessary repairs so that, to the extent reasonably possible, the remaining part of the Premises will be a complete architectural unit. Otherwise,
Landlord’s restoration will be conducted as described in Section 16.1, except that Landlord will not be required to begin repairs until a reasonable time after it receives any necessary building permits and substantially all of the proceeds of
any awards granted for the Condemnation. After the date title or possession is taken by the condemning authority or its designees, base rent will abate in proportion to the area of the Premises Condemned. 
  
 All proceeds, income, rent, awards and interest in connection with any Condemnation will belong to Landlord, whether awarded as compensation for diminution of
value to the leasehold improvements, or the unexpired portion of this Lease, or otherwise. Tenant waives all claims against Landlord and the condemning authority with respect thereto, but nothing in this Section prevents Tenant from bringing a
separate action against the condemning authority for moving costs or for lost goodwill (as long as this separate action does not diminish Landlord’s recovery). 
  
 18.    ASSIGNMENT AND SUBLETTING. 
  
 18.1    Landlord’s Consent Required.    Tenant will not, and does not have the right or power to, voluntarily, involuntarily or by operation of any Laws, sell, convey, mortgage,
subject to a security interest, license, assign, sublet or otherwise transfer or encumber all or any part of Tenant’s interest in this Lease or the Premises, or allow anyone other than Tenant’s employees to occupy the Premises (singularly
or collectively, “Transfer”), without, first obtaining Landlord’s prior written consent in each case and complying with this Article and any attempt to do so without this consent and compliance will be null and void and a default,
unless otherwise specifically elected by Landlord in writing. 
  
 18.2    Notice.    Tenant will notify Landlord in writing at least thirty (30) days before any proposed or pending Transfer and will deliver to Landlord such information as Landlord may
reasonably request in connection with the proposed or pending Transfer and the proposed Transferee, including, without limitation, a copy of the final executed Transfer documents, certified current financial statements and balance sheets, a current
Dun & Bradstreet report, banking and accounting references and other relevant financial information for the proposed Transferee, and information as to the type of business and business experience of the proposed Transferee. All of this
information must be suitably authenticated. 
  
 18.3    Reasonable
Consent.    Landlord will not unreasonably withhold its consent to an assignment or sublease by Tenant, but Landlord may withhold its consent arbitrarily and in its sole discretion to any hypothecation, assignment for
security purposes or other Transfer or to any requested assignment or sublease before the end of the first full Lease Year. Tenant agrees that Landlord’s withholding of consent to a proposed sublease or assignment will be deemed reasonable if
Tenant is in default or any of the other terms and conditions of this Article have not been complied with, or if any of the following conditions are not satisfied: (a) the subtenant or assignee will use the Premises only for the uses permitted in
Section 1.1(i) and otherwise in accordance with this Lease, and the business and reputation of the subtenant or assignee are consistent with the other tenancies and standards of the Project in Landlord’s reasonable judgment; (b) the subtenant
or assignee is reputable and creditworthy and has the independent financial ability to perform the obligations of Tenant under this Lease without undue financial burden in Landlord’s reasonable judgment, and neither it nor its predecessors in
interest has been subject to a bankruptcy or reorganization, or had a receiver appointed to manage its affairs or in connection with any of its assets, been subject to criminal judgments, sanctions, consent decrees or similar actions by the SEC or
other governmental or quasi-governmental authorities; (c) Landlord’s Mortgagees consent (if their consent is required); and (d) there will be no more than an aggregate of two (2) subleases of the Premises. These conditions are not exclusive and
Landlord may consider other factors deemed to be relevant in determining if Landlord should grant or reasonably withhold its consent. 
  
 18.4    No Release of Tenant.    Whether or not Landlord consents, no Transfer will release or alter the liability of Tenant to pay rent and perform all of Tenant’s other
obligations under this Lease. The acceptance of rent by Landlord from any person other than Tenant is not a waiver by Landlord. Consent to one Transfer will not be deemed to be consent to any subsequent Transfer. If Tenant or any Transferee defaults
under this Lease, Landlord may proceed directly against the Transferee and/or against Tenant without proceeding or exhausting its remedies against the other. After any Transfer, Landlord may consent to subsequent Transfers of or amendments to or
waivers under this Lease without notifying Tenant or any other person, without obtaining consent thereto, and without relieving Tenant of its Liabilities under this Lease (as it may be modified). 
  

18.5    Additional Terms. 

 
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 (a)  This Article is binding on and will apply to every Transferee, at
every level. The surrender of this Lease or its termination will not be a merger, but Landlord will have the right to terminate all subleases and the occupancy rights of all Transferees. Tenant will pay to Landlord as additional rent: (i) fifty
percent (50%) of all consideration paid or payable for or by reason of any assignment of this Lease; or (ii) in the case of sublease, fifty percent (50%) of the amount by which the sublease rent and other consideration paid or payable exceeds the
base rent for the sublease term (prorated if the area subleased is less than the entire area of the Premises), in each case after Tenant first recovers its bona fide, reasonable, out-of-pocket costs paid to unaffiliated third parties to
obtain the subtenant or assignee, including without limitation, attorneys fees, brokerage commissions, new tenant improvements made solely for the subtenant or assignee and free rent. At Landlord’s option, Landlord may collect all or any part
of this additional rent directly from the payor, and consideration paid or payable will be defined in its broadest sense. Tenant will promptly deliver to Landlord copies of all executed Transfer documents, all collateral agreements and all later
amendments. Tenant will pay Landlord’s reasonable attorneys’ fees and other costs in connection with any request for Landlord’s consent to a Transfer. A listing of any name other than Tenant’s name on the doors or walls of the
Premises or elsewhere in the Project will not be deemed to be an implied consent by Landlord to any sublease, assignment, occupancy or other Transfer nor constitute a waiver of Landlord’s right to withhold consent to any Transfer. 

 
 (b)  A Transferee (which for these purposes will exclude any permitted sublessee but will include any assignee by
contract, foreclosure, operation of law or otherwise) will be deemed to have assumed all of Tenant’s obligations and Liabilities under this Lease (all of which will be deemed to run with the land) and will be deemed to be bound by this Lease,
and Tenant and the assignee will indemnify Landlord and hold it harmless from all Liabilities in connection with the assignment. To confirm the foregoing, a prospective Transferee (other than a permitted sublessee) will be required to execute and
deliver to Landlord an unconditional written assumption of Tenant’s Liabilities under this Lease and the indemnity described above, and Tenant and the Transferee will be deemed to be jointly and severally liable for all Liabilities of the
tenant under this Lease and any existing and future amendments thereto (although such a written assumption will not be required to establish the full liability of the Transferee for all of Tenant’s Liabilities under this Lease). A sublease will
be deemed to be subject and subordinate to this Lease in all respects. Tenant and the subtenant will indemnify Landlord and hold it harmless from all Liabilities in connection with the sublease. The subtenant will acquire no rights or claims against
Landlord or its Affiliates and will not have the right to enforce any of Tenant’s rights and remedies under this Lease against Landlord. If this Lease is terminated pursuant to its terms or by reason of default, operation of law, or agreement
between Landlord and Tenant, or Landlord rightfully reenters or repossesses the Premises, Landlord may terminate any or all subleases without any incurring any Liabilities (all of which are hereby waived by Tenant and will be deemed waived by all
subtenants), or at its option, become the sublessor under the any or all of the subleases and each such subtenant will attorn to Landlord, but Landlord will not be liable for Tenant’s acts or omissions or Liabilities incurred by Tenant, subject
to any existing defenses or offsets against Tenant or bound by any amendment to the sublease made without Landlord’s prior written consent. By entering into a sublease, Tenant and the sublessee agree that if the sublessee breaches an obligation
under its sublease which would also constitute a default by Tenant under this Lease if not cured within applicable grace periods, it will be a default under this Lease and then Landlord will have all of the rights and remedies against the subtenant
that is also has against Tenant for such a default. Without limiting the generality of the foregoing, Landlord will be permitted (by assignment of the cause of action or otherwise) to join the Tenant in any action or proceeding against subtenant or
to proceed against the subtenant directly in the name of Tenant to enforce these rights and remedies. Tenant will cooperate with Landlord and execute such documents as may be reasonably necessary to implement these rights granted to Landlord. The
exercise of these rights and remedies will not constitute an election of remedies and will not in any way impair Landlord’s right to pursue other or similar rights and remedies directly against Tenant, nor will the grant or exercise of these
rights or remedies result in the subtenant acquiring any rights or claims against Landlord or its Affiliates. Tenant and its Affiliates will not, directly or indirectly, assign, sublease or otherwise Transfer to, take an assignment, sublease or
other Transfer from, or otherwise occupy premises leased to, any then-current tenants of the Project (or any person that was a tenant of the Project within the 6-month period prior to Tenant’s request for approval (or any of their Affiliates),
nor any person (or any of his Affiliates) to whom Landlord has shown space in the Project or with whom Landlord has negotiated to lease space in the Project within the 6-month period prior to Tenant’s request for approval, and any attempt to do
so will be null and void and a default. For purposes of the previous sentence, the “Project” refers to and includes other projects in Massachusetts (if any) owned by Landlord or its partners or their Affiliates or owned by a partnership or
other entity in which such parties have a partnership or ownership interest (currently including the projects in Massachusetts commonly known or referred to as Brickstone Square and Minuteman Park). Transferees will not have the right or power to
make further Transfers, and any attempt to do so will be null and void and a default unless otherwise specifically elected by Landlord in writing. As a material inducement to Landlord to enter into this Lease, Tenant agrees to make each prospective
Transferee aware of the terms of this Article and will deliver to each prospective Transferee a true and correct copy of this Lease prior to any Transfer, and each document of assignment, sublease or other Transfer, at every level, will include or
explicitly incorporate the terms of this Article. Landlord may require confirming and/or additional assurances and agreements for its protection from Tenant and the Transferee, each of whom agrees to give such assurances and execute such agreements.

  
 (c)  If Tenant is a corporation, partnership, professional association or limited liability company,
the Transfer of more than twenty five percent (25%) of Tenant’s capital stock, partnership interests, or interests in the professional association or limited liability company to any person or entity or affiliated persons or entities, whether
directly or indirectly or by one or more transactions (other than by unrelated transactions on a public exchange, such as the NYSE or NASDAQ), or any dissolution, merger, consolidation or other reorganization of Tenant, or the Transfer of all or
substantially all of Tenant’s assets, will deemed to be an attempted assignment of this Lease and subject to all of the terms of this Article and the rest of this Lease and the other party will be deemed to be a prospective assignee. However,
an assignment or sublease by Tenant to its parent corporation or wholly-owned subsidiary, or to an entity that acquires all or substantially all of Tenant’s assets, or to an entity into which Tenant is merged or consolidated, will be deemed to
be a permitted assignment or sublease, as applicable, provided that the rest of this Article is complied with, the Transferee has a net worth, credit rating and financial capability at least equal to Tenant’s when Tenant executed this Lease or
at the time of the proposed Transfer (for each category, whichever is greater), and the Transferee (unless it is a sublessee) unconditionally assumes in writing for Landlord’s benefit all of Tenant’s Liabilities under this Lease. In
addition, Tenant agrees that, despite any contrary agreements between Tenant and any such Transferee or anything else to the contrary, each such Transferee (except for a sublessee) will be deemed to have assumed all of Tenant’s Liabilities
under this Lease, and Tenant will make each such Transferee aware of this provision before entering into a Transfer. 
  
 19.    MORTGAGEE PROTECTION. 
  
 19.1    Subordination and Attornment.    This Lease is subordinate to all Superior Leases and Mortgages, and Tenant will attorn to each person or entity that succeeds to Landlord’s
interest under this Lease. This Section is self-operative as to Superior Leases and Mortgages and Landlord’s Mortgagees existing when this Lease is executed, but if requested to confirm a subordination and/or attornment, Tenant will execute the
standard-form subordination and attornment agreements furnished by the then-current Landlord’s Mortgagees within fifteen (15) days after request. These
 

 
 8 

 
subordination and attornment provisions will apply for the benefit of subsequent Landlord’s Mortgagees, provided that they agree not to disturb Tenant’s rights under this Lease if
Tenant is not in default, and at the request of those Landlord’s Mortgagees, Tenant will execute their standard form subordination, non-disturbance and attornment agreements to provide for the foregoing. However, if a Landlord’s Mortgagee
elects in writing, this Lease will be superior to the Superior Leases and Mortgages specified, regardless of the date of recording, and Tenant will execute an agreement confirming this election on request. 
  
 19.2    Mortgagee’s Liability.    The obligations and Liabilities of Landlord,
Landlord’s Mortgagees or their successors under this Lease will exist only if and for so long as each of these respective parties owns fee title to the Project or is the lessee under a ground lease of the Project. Tenant will be liable to
Landlord’s Mortgagees or their successors if any of those parties become the owner of the Project for any base rent paid more than thirty (30) days in advance. Landlord’s Mortgagees and their successors will not be liable for: (a) acts or
omissions of prior owners; (b) the return of any security deposit not delivered to them; or (c) amendments to this Lease made without their consent (if their consent is required under a Superior Lease or Mortgage). 
  
 19.3    Mortgagee’s Right to Cure.    No act or omission (if any) which otherwise
entitles Tenant under the terms of this Lease to be released from any Lease obligations or to terminate this Lease will result in such a release or termination unless Tenant first gives written notice of the act or omission to Landlord and
Landlord’s Mortgagees and those parties then fail to correct or cure the act or omission within a reasonable time thereafter (which will not be less than ninety [90] days). Nothing in this Section or the rest of this Lease obligates
Landlord’s Mortgagees to correct or cure any act or omission or is meant to imply that Tenant has the right to terminate this Lease or be released from its obligations unless that right is explicitly granted elsewhere in this Lease.

  
 20.    ESTOPPEL CERTIFICATES. 
  
 Tenant will from time to time, within fifteen (15) days after request by Landlord, execute and deliver an estoppel certificate in form satisfactory to Landlord or its
designees which will certify (except as may be truthfully and accurately noted) such information concerning this Lease or Tenant or its Affiliates as Landlord or its designees may request. If Tenant fails to execute and deliver estoppel certificates
as required, Landlord’s representations concerning the matters covered by the estoppel certificate will conclusively be presumed to be correct and binding on Tenant and its Affiliates. 
  

21.    DEFAULT. 
  
 The
occurrence of one or more of the following events will be a default by Tenant under this Lease: (a) if there ever is a Guaranty of any of Tenant’s Liabilities under this Lease, a default by a Guarantor thereunder; (b) the failure to pay rent or
any other required amount within five (5) days after written notice that the payment is due; (c) as provided in Articles 23 and 25; (d) a Transfer or attempted Transfer in violation of Article 18; (e) Tenant’s failure to maintain its required
insurance policies; or (f) Tenant’s failure to observe or perform any other obligation, term or condition within the time period specified in this Lease, and if no time period is specified, it will be a default if this failure continues for
fifteen (15) days after written notice from Landlord to Tenant, but if more than fifteen (15) days reasonably are required to cure, Tenant will not be in default if Tenant begins to cure within the fifteen (15)-day period and then diligently
completes the cure as soon as possible but in any case within sixty (60) days after the notice of default is given. 
  
 22.    REMEDIES FOR DEFAULT. 
  
 22.1    General.    If Tenant defaults, Landlord may at any time thereafter, with or without notice or demand, choose any or all of the following remedies or pursue any other right or
remedy now or hereafter available to Landlord under this Lease or at law or in equity: 
  
 (a)  At Landlord’s written election the following amounts will become immediately due and payable in advance: 
  
 (i)  The unpaid rent which has accrued and would have accrued up to the date of payment, plus late charges, plus interest from the dates such rent was due to the date of payment at the
Default Rate; plus 
  
 (ii)  The whole balance of unpaid rent which would have become due
had this Lease continued for the balance of the term (discounted to the date of payment at the rate of seven percent (7%) per annum); plus 
  
 (iii)  The reasonable costs of enforcing the terms of this Lease, including, without limitation, costs for attorneys’ fees, investigations and performing Tenant’s obligations as
necessary, and/or 
  
 (b)  Landlord may terminate this Lease by written notice to Tenant.
If Landlord elects to terminate this Lease under the provisions of this Section, Landlord may recover from Tenant a judgment and Tenant will be liable for damages computed in accordance with the following formula, in addition to Landlord’s
other remedies: 
  
 (i)  The unpaid rent which has accrued and would have accrued up to the
time of judgment, plus late charges, plus interest from the dates such rent was due to the date of the judgment at the Default Rate; plus 
  
 (ii)  The amount by which the whole balance of unpaid rent which would have become due had this Lease continued for the balance of the term after the date of judgment (discounted to the date
of payment at the rate of seven percent (7%) per annum) exceeds the amount of such rental loss that Tenant proves could have been reasonably avoided (also discounted at the rate of 7% per annum). Tenant will have the burden of proving the
amount of rental loss that reasonably could have been avoided, which Tenant agrees will never be more than the scheduled net rental to be received by Landlord until the expiration of the term of this Lease from any reletting of the Premises entered
into by Landlord at the time (discounted at the rate of 7% per annum, and excluding from such net rental utility charges and other charges, if any, that must be remitted by Landlord to any governmental or quasi-governmental authority); plus

  
 (iii)  The reasonable costs of enforcing the terms of this Lease, repossessing,
repairing, altering, performing tenant improvements to and reletting the Premises, reasonable marketing, brokerage and attorneys’ fees and costs, and any other amount necessary to compensate Landlord for all the detriment proximately caused by
Tenant’s failure to perform its obligations under this Lease and/or which in the ordinary course would be likely to result therefrom; plus 

 
 9 

  
 (iv)  At Landlord’s election, such other amounts
in addition to or in lieu of the foregoing as may be permitted by applicable Laws. 
  
 Notwithstanding the foregoing, to avoid a duplication
of payments, if Landlord has actually received payment in full of all accelerated rent for the Lease term and the other amounts as described in Section 22.1(a) above, it cannot thereafter also receive additional amounts under this Section 22.1(b),
and/or 
  
 (c)  Subject to the terms of this Lease, Landlord or its designees may, without
further notice or demand but otherwise subject to law, enter the Premises without being guilty of trespass and without incurring (and Tenant hereby waives) Liabilities for damages for such entry or for the manner thereof, for the purpose of
distraint or execution and/or to take possession of the Premises, and/or to terminate Tenant’s right of possession and/or to expel Tenant and its Affiliates and remove their property, and/or 
  

(d)  Landlord may enforce this Lease in accordance with its terms and Tenant will continue to be responsible for all charges as and when they
become due, and/or 
  
 (e)  After reentry, retaking or recovering of the Premises, with or
without terminating this Lease, and without limiting Landlord’s acceleration right or other rights and remedies, Landlord may (but will not be obligated to) relet the Premises or any part(s) thereof to such person(s) upon such terms as may in
Landlord’s sole discretion seem best for a term within or beyond the term of this Lease. Any such reletting by Landlord before termination of this Lease will be for Tenant’s account, and may be in Landlord’s name or Tenant’s
name, and Tenant will remain liable for all rent and additional rent (including all charges and damages) due at the time of the reletting plus all of such amounts that otherwise would have been due under this Lease for the balance of the term absent
any expiration, termination, repossession or reletting, plus all costs of the type described in Sections 22.1(b)(iii) and (iv), as accelerated or, if not accelerated, as they accrue. However, until this Lease expires or is terminated, each month
Tenant will receive a credit against its obligations equal to the net rental proceeds (excluding utility charges or other charges, if any, that must be remitted by Landlord to any governmental or quasi-governmental authority), if any, actually paid
to Landlord in that month by the party or parties to whom the Premises were relet, but this credit will never be more than the amounts owed by Tenant to Landlord for that month. Further, Tenant, for itself and its successors and assigns, hereby
irrevocably constitutes and appoints Landlord as Tenant’s agent to collect the rents due and to become due from all sublessees and Transferees and apply the same to the rent due hereunder without in any way affecting Tenant’s obligation to
pay any unpaid balance of rent due or to become due hereunder. 
  
 Tenant waives the right under any Laws to any notice to remove or quit
and any and all rights of redemption or similar rights regardless of the circumstances. For the purposes of computing any rent due hereunder, the amounts of additional rent which would have been payable per year under this Lease will be such amounts
as were or would have been payable as specified in this Lease or, if not specified, as reasonably estimated by Landlord (in either case without the benefit of any abatement to which Tenant may have been entitled) for the calendar year in which the
default occurred, increasing annually on the first day of each calendar year thereafter at the rate of seven percent (7%) per annum, cumulative and compounded. As used in this Article, the “term” means the initial term of this Lease and
any renewals or extensions to which Tenant will have become bound prior to the default. 
  
 22.2    Remedies Cumulative.    All remedies available to Landlord hereunder and at law and in equity will be cumulative and concurrent. No termination of this Lease nor taking or
recovering possession of the Premises will deprive Landlord of any remedies or actions against Tenant for rent, for charges or for damages for the breach of any covenant, agreement or condition, nor will the bringing of any such action for rent,
charges or breach, nor the resort to any other remedy or right for the recovery of rent, charges or damages for such breach be construed as a waiver or release of the right to insist upon the forfeiture and to obtain possession. No reentering or
taking possession of the Premises, or making of repairs, alterations or improvements thereto, or reletting thereof, will be construed as an election by Landlord to terminate this Lease unless specific written notice of such election is given by
Landlord to Tenant. 
  
 22.3    Performance by Landlord.    If Tenant
defaults or fails to perform any of its obligations under this Lease, Landlord, without waiving or curing the default or failure, may, but will not be obligated to, perform Tenant’s obligations for the account and at the expense of Tenant.
Notwithstanding Article 21, in the case of an emergency or to prevent damage or injury or protect health, safety or property, Landlord need not give any notice before performing Tenant’s obligations. Tenant will pay on demand all costs and
expenses incurred by Landlord in connection with Landlord’s performance of Tenant’s obligations, and Tenant will indemnify Landlord for and hold Landlord harmless from all Liabilities incurred by Landlord in connection therewith.

  
 22.4    Post-Judgment Interest.    The amount of any judgment
obtained by Landlord against Tenant in any legal proceeding arising out of Tenant’s default under this Lease will bear interest until paid at the Wells Fargo Bank prime rate plus four percent (4%), or the maximum rate permitted by law,
whichever is less (the “Default Rate”). Notwithstanding anything to the contrary contained in any Laws, with respect to any damages that are certain or ascertainable by calculation, interest will accrue from the day that the right to the
damages vests in Landlord, and in the case of any unliquidated claim, interest will accrue from the day the claim arose. 
  
 23.    BANKRUPTCY. [SEE EXHIBIT “F”] 
  
 24.    GENERAL PROVISIONS. 
  
 24.1    Holding Over.    Tenant will not hold over in the Premises after the end of the Lease term without the express prior written consent of Landlord. Tenant will indemnify Landlord
for, and hold Landlord harmless from, any and all Liabilities arising out of or in connection with any holding over, including, without limitation, any claims made by any succeeding tenant and any loss of rent suffered by Landlord. If, despite this
express agreement, any tenancy is created by Tenant’s holding over, except as specifically set forth in the next sentence the tenancy will be a tenancy at sufferance terminable immediately at Landlord’s sole option on written notice to
Tenant, but otherwise subject to the terms of this Lease, except that the most recent annual base rent will be doubled, Tenant will have no rights to lease any additional space in the Project or extend the term, and notwithstanding anything to the
contrary Landlord will incur no Liabilities of any type to Tenant or its Affiliates during any holdover period, all of such Liabilities hereby being waived by Tenant. Without limiting the generality of the foregoing, if Tenant holds over and if
Landlord so elects by delivering specific written notice to Tenant during such holdover, Tenant automatically will be deemed to have leased the Premises for an additional term (not to exceed 6 months) beginning on the date that Landlord’s
notice is delivered and otherwise subject to the terms of this Lease, except that the most recent annual base rent will be doubled, Tenant will have no rights to lease any additional space in the Project or extend the term, and notwithstanding
anything to the contrary Landlord will incur no Liabilities of any type to Tenant or its Affiliates during any holdover period, all of such liabilities hereby being
 

 
 10 

 
waived by Tenant. Nothing in this Article or elsewhere in this Lease permits Tenant to hold over or in any way limits Landlord’s other rights and remedies if Tenant holds over. 

 
 24.2    Entry By Landlord. 
  
 (a)  Landlord and its Affiliates at all times have the right to enter the Premises, and Landlord will retain (or be given by Tenant) keys to unlock all the doors
to or within the Premises, excluding doors to Tenant’s vaults and files. Landlord in good faith will attempt to give Tenant oral or written notice before entering the Premises and avoid disturbing the conduct of Tenant’s business by such
entry more than is reasonably necessary under these circumstances. But, Landlord need not give notice and will have the right to use any means necessary to enter the Premises if Landlord believes there is an emergency or that entry is necessary to
prevent damage or injury or protect health, safety or property. Entry to the Premises and the exercise of Landlord’s rights will not, under any circumstances, be deemed to be a default, a forcible or unlawful entry into or a detainer of the
Premises or an eviction of Tenant from the Premises or any portion thereof, nor will it subject Landlord to any Liabilities or entitle Tenant to any compensation, abatement of rent or other rights and remedies. 
  
 (b)  Notwithstanding anything to the contrary, Landlord reserves from the rights granted to Tenant in this Lease, and Tenant
agrees to permit, the right of emergency access through the Premises for Landlord and other tenants and occupants of the Building (and their respective Affiliates). To accommodate this emergency access, Landlord will have the right to use existing
(or if not already existing or to be part of Landlord’s Work, at its cost install new) doors, hardware and locking devices in the Premises and to comply with applicable Laws in providing this access, and all of this work will be performed in a
good and workmanlike manner and so as not to disturb the conduct of Tenant’s business more than is reasonably necessary under the circumstances. 
  
 24.3    Brokers.    Tenant represents and warrants that it has had no dealings with any agent, broker, finder or other person who is or might be entitled
to a commission or other fee from Landlord in connection with this or any related transaction, except for Tenant’s Broker. Landlord will be obligated to Tenant’s Broker only if and when Landlord and Tenant’s Broker execute and deliver
a final and binding agreement setting forth the terms of such obligation. 
  
 24.4    Quiet
Enjoyment.    So long as Tenant pays all rent and performs its other obligations as required, Tenant may quietly enjoy the Premises without hindrance or molestation by Landlord or any person lawfully claiming through or under
Landlord, subject to the terms of this Lease and the terms of any Superior Leases and Mortgages, and all other agreements or matters of record or to which this Lease is subordinate. 
  
 24.5    Security.    Tenant is solely responsible for providing security for the Premises and Tenant’s personnel.
Without limiting the generality of this Article, Tenant agrees that although Landlord now provides and now intends to continue to provide limited security for the Project: (a) Landlord may, but will not be required to, supply security personnel and
systems for the Premises, the Common Area or the rest of the Project and remove or restrain unauthorized persons and prevent unauthorized acts; (b) Landlord will incur no Liabilities for failing to provide security personnel or systems or, if
provided, for acts, omissions or malfunctions of the security personnel or systems (and all of such Liabilities are hereby waived by Tenant); and (c) Landlord and its Affiliates make no representations or warranties of any kind in connection with
the security or safety of the Premises, the Common Area or the rest of the Project. 
  
 24.6    Obligations; Successors; Recordation.    If Tenant consists of more than one person or entity, the obligations and liabilities of those persons or entities are joint and several.
Time is of the essence of this Lease. Subject to the restrictions in Article 18, this Lease inures to the benefit of and binds Landlord, Tenant and their respective Affiliates. Tenant will not record this Lease or a memorandum or notice of lease.

  
 24.7    Late Charges.    If any rent or other amounts payable by
Tenant are not received within five (5) days after the due date, Tenant will pay to Landlord on demand a late charge equal to five percent (5%) of the overdue amount, and if not received within ten (10) days after the due date, the amounts also will
bear interest from the due date until paid at the Default Rate. Collection of these late charges and interest will not: be a waiver or cure of Tenant’s default or failure to perform; be deemed to be liquidated damages, an invalid penalty or an
election of remedies; or prevent Landlord from exercising any other rights and remedies. 
  
 24.8    Accord and Satisfaction.    Payment by Tenant or acceptance by Landlord of less than the full amount of rent due is not a waiver, but will be deemed to be on account of amounts
next due, and no endorsements or statements on any check or any letter accompanying any check or payment will be deemed an accord and satisfaction or binding on Landlord. Landlord may accept the check or payment without prejudice to any of
Landlord’s rights and remedies, including, without limitation, the right to recover the full amount due. 
  
 24.9    Prior Agreements; Amendments; Waiver.    This Lease is an integrated document and contains all of the agreements, conditions, representations and warranties and other terms
between the parties in connection with the Project or the leasing of the Premises or any other parts of the Project or any other matter covered or mentioned in this Lease, and supersedes all prior agreements or understandings. This Lease may not be
amended except by an agreement in writing signed and delivered by the parties. All waivers must be in writing, specify the act or omission waived and be signed by the party charged with the waiver. No other alleged waivers will be effective,
including, without limitation, Landlord’s acceptance of rent, collection of a late charge or application of a security deposit. Landlord’s waiver of any specific act, omission, term or condition will not be a waiver of any other, or
subsequent, act, omission, term or condition. 
  
 24.10     Representations; Inability to
Perform.    Tenant is not relying on and was not induced to sign this Lease as a result of any statements, information, projections, representations or warranties of any kind, express or implied, with respect to the Premises,
the Project or this transaction, and instead Tenant entered into this Lease based on its own independent investigation and assessment. Landlord will not be in default nor incur any Liabilities if it can’t fulfill any of its obligations, or is
delayed in doing so, because of accidents, breakage, strike, labor troubles, war, sabotage, governmental regulations or controls, inability to obtain materials or services, acts of God, or any other cause, whether similar or dissimilar, beyond
Landlord’s reasonable control (sometimes referred to as “force majeure”). 
  
 24.11    Legal Proceedings.    In any action or proceeding involving or relating in any way to this Lease, the court or other person or entity having jurisdiction in such action or
proceeding will award to the party in whose favor judgment is entered the actual attorneys’ fees and costs incurred. Tenant also will indemnify Landlord for, and hold Landlord harmless from and against, all Liabilities incurred by Landlord if
Landlord becomes or is made a party to any proceeding or action: (a) involving Tenant and any third party, or by or against any person holding any interest under or using the Premises by license of or agreement with Tenant; or (b) necessary to
protect Landlord’s interest under this Lease in a proceeding under the Bankruptcy Code that involves Tenant or its Affiliates. Unless prohibited by law, Tenant and
 

 
 11 

 
Landlord each waives the right to trial by jury in all actions involving or related to this Lease, the Project or any collateral or subsequent agreements between the parties, and Tenant waives
any right to impose a counterclaim in any proceeding brought for possession of the Premises as a result of Tenant’s default (although Tenant will retain whatever rights it may have to bring a separate claim against Landlord). Tenant and
Landlord each also submits to and agrees not to contest the sole and exclusive jurisdiction of the state and federal courts located in Massachusetts to adjudicate all matters in connection with this Lease and agrees that it will bring all suits and
actions only in such Massachusetts courts and not to seek a change of venue. Service on any one or more of the individuals comprising Tenant will conclusively be deemed service on all of those individuals. In any circumstance where a party is
obligated to indemnify or hold harmless the other party under this Lease, that obligation also will run in favor of the other party’s Affiliates, and will include the obligation to protect the other party and its Affiliates, and defend them
with counsel acceptable to the other party or, at the other party’s election, the other party and its Affiliates may employ their own counsel and the indemnifying party will pay when due all attorneys’ fees and costs. These obligations to
indemnify, hold harmless, protect and defend will survive the expiration or termination of this Lease. 
  
 24.12    Ownership; Invalidity; Remedies; Choice of Law.    As used in this Lease, the term “Landlord” means only the current owner or owners of the fee title to the Premises.
Upon each conveyance (whether voluntary or involuntary) of fee title, the conveying party will be relieved of all Liabilities and obligations contained in or derived from this Lease or arising out of any act, occurrence or omission occurring after
the date of such conveyance. Landlord may Transfer all or any portion of its interests in this Lease, the Premises, or the Project without affecting Tenant’s obligations and Liabilities under this Lease. Tenant has no right, title or interest
in the name of the Building or the Project, and may use these names only to identify its location. Any provision of this Lease which is invalid, void or illegal will not affect, impair or invalidate any of the other provisions and the other
provisions will remain in full force and effect. Landlord’s rights and remedies are cumulative and not exclusive. This Lease is governed by the laws of Massachusetts applicable to transactions to be performed wholly therein. 

 
 24.13    Expense; Consent.    Unless otherwise provided in this Lease, a
party’s obligation will be performed at that party’s sole cost and expense, except when Landlord is performing Tenant’s obligations because of Tenant’s default or failure to perform or as otherwise permitted in this Lease.
Landlord has agreed in a number of instances in this Lease to consent, approve or exercise its judgment reasonably. Therefore, to avoid potential misunderstandings, except where it is expressly provided that Landlord will not unreasonably withhold
its consent or approval or exercise its judgment reasonably, Landlord may grant or withhold its consent or approval and exercise its judgment arbitrarily and in its sole and absolute discretion. In any dispute involving Landlord’s withholding
of consent or exercise of judgment, the sole right and remedy of Tenant and its Affiliates is declaratory relief (i.e., that such consent should be granted), and Tenant and its Affiliates waive all other rights and remedies, including, without
limitation, claims for damages. 
  
 24.14    Presumptions; Exhibits; Submission; Net
Lease.    This Lease will be construed without regard to any presumption or other rule requiring construction or interpretation against the party drafting the document. The titles to the Articles and Sections of this Lease
are not a part of this Lease and will have no effect on its construction or interpretation. Whenever required by the context of this Lease, the singular includes the plural and the plural includes the singular, and the masculine, feminine and neuter
genders each include the others, and the word “person” includes individuals, corporations, partnerships or other entities. All addenda, exhibits and riders specifically referred to or that are meant to be attached to this Lease are
incorporated in this Lease by this reference. The submission of this Lease to Tenant or its broker, agent or attorney for review or signature is not an offer to Tenant to lease the Premises or the grant of an option to lease to Premises. This Lease
will not be binding unless and until it is executed and delivered by both Landlord and Tenant. This Lease is intended to be a completely “triple net” lease, unless specifically otherwise provided in this Lease. 
  
 24.15    Cooperation.    Tenant will cooperate reasonably with Landlord in connection with
this Lease, Landlord’s ownership, operation, management, improvement, maintenance and repair of the Premises and the rest of the Project, and Landlord’s exercise of its rights and obligations under this Lease. If necessary, this
cooperation will include, without limitation, moving machinery or equipment within the Premises and allowing Landlord sufficient space within the Premises to enable Landlord to perform any work that Landlord has the right or is required to perform
under this Lease. 
  
 24.16    Notices.    All notices, demands or
communications required or permitted under this Lease (the “Notices”) will be in writing and personally or electronically delivered, or sent by certified mail, return receipt requested, postage prepaid. Notices to Tenant will be delivered
to the address for Tenant in Section 1.1, except that when Tenant takes possession of the Premises, the address of the Premises always may be used for the purpose of delivering notices to Tenant. Notices to any one or more of the individuals signing
as Tenant will be deemed Notices to all of the individuals signing as Tenant. Notices to Landlord will be delivered to the addresses for Landlord in Section 1.1. Notices will be effective on the earlier of: delivery; or, if mailed, three (3) days
after they are mailed in accordance with this Section. 
  
 24.17    Security
Deposit.    On the execution of this Lease, Tenant will deposit the Security Deposit with Landlord as security for the performance of Tenant’s obligations. If Tenant fails to perform its Lease obligations as or when
required, Landlord may, but will not be obligated to, apply all or any part of the Security Deposit for the payment of any amounts due or any other Liabilities which Landlord may incur. If any part of the Security Deposit is so applied, Tenant will,
within five (5) days after written demand, deposit cash with Landlord in an amount sufficient to restore the Security Deposit to its previous amount. Landlord need not keep the Security Deposit separate from its general funds, and Tenant will not
receive interest on the Security Deposit. If Tenant complies with all of the provisions of this Lease, the unused portion of the Security Deposit will be returned to Tenant or its assignee after the end of this Lease and the surrender of possession
of the Premises to Landlord in the condition required. 
  
 24.18    Other Defined Terms.

  
 (a)  “Affiliates” means: partners, directors, officers, shareholders, agents, employees,
parents, subsidiaries, affiliated parties, invitees, customers, licensees, concessionaires, contractors, subcontractors, successors, assigns, subtenants, and representatives. 
  
 (b)  “cafeteria charges” means an amount payable by Tenant if and for so long as Landlord causes or permits a cafeteria or food service facility to be
operated in the Project that can be used by Tenant’s employees. Cafeteria charges will be payable together with and as part of Operating Costs, and Tenant’s Percentage thereof will be deemed to be Fifty Cents ($.50) per annum per square
foot of agreed rentable area in the Premises, which annual amount per square foot will be increased at the beginning of each calendar year during the term by three percent (3%) over the previous annual amount per square foot. 

 
 (c)  “Landlord’s Mortgagees” means the lessors or mortgagees under the Superior Leases and Mortgagees
and their successors and assigns. The current Landlord’s Mortgagee is The Bank of Nova Scotia, One Liberty Plaza, 25th Floor, New York, New York 10006. 

 
 12 

  
 (d)  “Laws” means: laws, codes, decisions, ordinances, rules,
regulations, licenses, permits, and directives of governmental and quasi-governmental officers, including, without limitation, those relating to building and safety, fire prevention, health, energy conservation, hazardous substances and
environmental protection. 
  
 (e)  “Liabilities” means: all costs, damages, claims, injuries,
liabilities and judgments, including, without limitation, attorneys’ fees and costs (whether or not suit is commenced or judgment entered). 
  
 (f)  “Superior Leases and Mortgages” means all present and future ground leases, underlying leases, mortgages, deeds of trust or other encumbrances, and all renewals, modifications,
consolidations, replacements or extensions thereof and advances made thereunder, affecting all or any portion of the Premises or the Project. 
  
 (g)  “Systems and Equipment” means: when used generally, all HVAC, plumbing, mechanical, electrical, lighting, water, gas, sewer, safety, sanitary and any other utility or service
facilities, systems and equipment, and all associated pipes, ducts, poles, stacks, chases, conduits, wires and facilities; and when used specifically, a specified installation or type of equipment or utility service and all associated pipes, ducts,
poles, stacks, chases, conduits, wires and facilities. 
  
 25.    HAZARDOUS SUBSTANCES. 

 
 Without limiting the generality of any portion of this Lease, Tenant and its Affiliates will: 
  
 (a)  Not store, handle, transport, use, process, generate, discharge or dispose of any hazardous, toxic,
corrosive, dangerous, explosive, flammable or noxious substances, gasses or waste, whether now or hereafter defined under any Laws or otherwise (collectively, “hazardous substances”), from, in or about the Premises or the rest of the
Project, or create any release or threat of release of any hazardous substances, although Tenant will be permitted to use, store and dispose of customary office supplies in amounts typical of normal office use that contain de minimus amounts
of hazardous substances, provided that Tenant at all times complies with applicable Laws. If any of the foregoing occur, or if Landlord reasonably and in good faith believes that any of the foregoing have occurred or are likely to occur or that
Tenant and its Affiliates are not complying fully with the requirements of this Article, in addition to any other rights and remedies of Landlord, Tenant and its Affiliates immediately will cease the acts or omissions and in addition to any other
rights and remedies (all of which are cumulative), at Landlord’s request Tenant will take such actions as may be required by Laws and as Landlord may direct to cure or prevent the problem. Tenant and its Affiliates will comply fully with all
Laws and insurance requirements in connection with or related to hazardous substances, whether now or hereafter existing, including, without limitation, CERCLA, SARA, RCRA, TSCA, CWA, Chapter 21E of Massachusetts General Laws and any other Laws
promulgated by the EPA, OSHA or Commonwealth of Massachusetts. 
  
 (b)  Immediately pay,
and indemnify Landlord for and hold Landlord harmless from, all Liabilities in connection with or arising directly or indirectly from any breach by Tenant or its Affiliates of their obligations in this Article, including, without limitation, the
costs of any of the following, whether required by Landlord, applicable Laws or insurance requirements or otherwise: any “response actions” or “responses”; any surveys, “audits”, inspections, tests, reports or
procedures deemed necessary or desirable by Landlord or governmental or quasi-governmental authorities to determine the existence or scope of any hazardous substances or Tenant’s compliance with this Article, and any actions recommended to be
taken in connection therewith; compliance with any applicable Laws and insurance requirements; any requirements, directives or plans for the prevention, containment, processing, storage, clean-up or disposal of hazardous substances; the release and
discharge of any resulting liens; and any other injury or damage. On the expiration or earlier termination of this Lease, Tenant will leave the Premises free of hazardous substances. 
  
 (c)  Immediately deliver to Landlord copies of any notices, information, reports, and communications of any type received or given in connection
with hazardous substances, including, without limitation, notices of violation and settlement actions from or with governmental or quasi-governmental authorities, reports from Tenant’s engineers or consultants, and the results of any analyses
conducted by or for Tenant. Tenant specifically grants Landlord the right to participate in all discussions and meetings regarding actual or potential violations, settlements or abatements. 
  

Tenant’s failure to comply with the requirements of this Article will be a material default under this Lease. All of Tenant’s obligations under this Article will survive the
expiration or earlier termination of this Lease. 
  
 IN WITNESS WHEREOF, intending to be legally bound, each party
has executed this Lease as a sealed instrument as of the date first set forth above on the date specified below next to its signature. 
  
  
 
	  	 	  	 	 “LANDLORD”
  
 
	 Executed: July 23, 2002
 	 	  	 	 ANDOVER MILLS REALTY LIMITED PARTNERSHIP, a
 Massachusetts limited partnership
 
	 
	 WITNESS:  /s/    Carolyn Grover       
 	 	  	 	 By:
 	 	 Brickstone Square Realty, Inc., its Agent        
 
	 
	 Name Printed:  Carolyn Grover
 	 	  	 	 By:
 	 	 /s/    Martin Spagat        
 

	  	 	  	 	  	 	  	 	                                 Name: Martin Spagat

                                Title: Vice President

                                Authorized Signatory
 
	 
	  	 	  	 	 “TENANT”
  
 
	 Executed: June 26, 2002
 	 	  	 	 SYNPLICITY, INC., a California corporation
 

 

 
 13 

 
	 WITNESS: /s/    Penny Miller
 	 	 By:
 	  	 /s/    Gary S. Meyers
 
	 
	 Name Printed: Penny Miller
 	 	         Name:
 	  	 Gary S. Meyers
 
	  	 	         Title
 	  	 Vice President Worldwide Sales
 
	  	 	  	  	 Authorized Signatory
 
	 WITNESS:
 	 	  	  	  
	 
	 Name Printed
 	 	 By:
 	  	  
	  	 	         Name:
 	  	  
	  	 	         Title:
 	  	  
	  	 	         Authorized Signatory
 

 

 
 14 

 EXHIBIT “A” 
  
 “SITE PLAN OF PROJECT WITH PARKING” 
  
 [LOGO TO COME]

  
 EXHIBIT “A” 
 Page 0
of 1 

 

 EXHIBIT “A” CONTINUED 
  
 “SITE PLAN OF PROJECT WITH PARKING” 
  
 PARKING
GARAGE—LEVEL THREE 
 AND 
 RAMP FROM LEVEL THREE TO LEVEL
FOUR 
  
 [LOGO TO COME] 

 

 EXHIBIT “B” 
  
 “PREMISES” 
 BUILDING 100—FIFTH FLOOR 
  
 [LOGO TO COME] 
  
 EXHIBIT “B” 
 Page 1 of 1 
  

 

 EXHIBIT “C” 
  
 WORKLETTER 
  
 1.    General Conditions.

  
 1.1  “Landlord’s Work” means all labor, services, materials, systems and equipment,
installation and hookups, and all necessary modifications thereto or occasioned thereby, and all required permits, licenses, approvals and compliance work necessary to perform and construct the work specified as being “Landlord’s
Work” in this Workletter and the attachments hereto. Landlord will diligently perform Landlord’s Work in a good and workmanlike manner subject to and in compliance with applicable Laws, the terms of this Workletter and the rest of this
Lease. Notwithstanding the foregoing or anything else to the contrary, Landlord’s Work will not include the purchase, installation or hookup of any computer, data, audio/visual, telecommunications or similar systems or equipment or cabling or
any Tenant’s Property (including, without limitation, any workstations owned by Tenant). 
  
 1.2  “Tenant’s Work” means all labor, services, materials, systems and equipment, installation and hookups, and all necessary modifications thereto or occasioned thereby, and all required permits, licenses,
approvals and compliance work to or for the Premises other than Landlord’s Work. Tenant will diligently perform Tenant’s Work at its sole cost and expense, in a good and workmanlike manner subject to and in compliance with applicable Laws,
the terms of this Workletter and the rest of this Lease. Without limiting the generality of the foregoing, Tenant specifically agrees that Landlord’s Work will be the only labor, services, materials, systems and equipment and improvements that
Landlord is required to provide to or for the initial occupancy of the Premises in accordance with the terms hereof. Tenant will indemnify, defend and hold Landlord and its Affiliates harmless from all Liabilities resulting from or in connection
with Tenant’s Work. If Landlord’s Work is delayed or made more expensive due to: any act or omission of Tenant or its Affiliates (including, without limitation, the performance of or failure to timely complete any aspect of Tenant’s
Work, any requested or required changes to Landlord’s Work agreed to by Landlord, or any failure or delay of Tenant or its representatives in submitting or revising the plans and specifications or changes or inaccuracies in any of the
foregoing, or Tenant’s failure to promptly pay any required amounts); or the inclusion in Landlord’s Work of “long lead” items or services that cannot reasonably be obtained in sufficient time to be incorporated in
Landlord’s Work in the normal course of Landlord’s construction schedule (and Tenant’s failure to delete or substitute for those items or services), then Tenant will be responsible for the delays (“Tenant Delays”) and
additional cost (whether such additional cost results from the Tenant Delays or otherwise) resulting therefrom. Substantial completion of Landlord’s Work will be deemed to have occurred when it would have occurred but for the Tenant Delays (and
any Tenant Delays will be subtracted from the date of actual substantial completion in determining when substantial completion will be deemed to have occurred), and Tenant will pay to Landlord any additional cost for which Tenant is responsible as
additional rent within fifteen (15) days after receipt of Landlord’s bills from time to time. 
  
 1.3  Subject to the terms of this Workletter and the rest of the Lease, and with Landlord’s prior written consent, which will not be unreasonably withheld, Tenant and its contractors may have access to the Premises for
the purpose of preparing the Premises for Tenant’s occupancy before Landlord’s Work has been substantially completed. Landlord and its representatives will control all scheduling and coordination of Landlord’s Work and Tenant’s
Work and will attempt to amicably resolve any disputes that may arise. However, Tenant and its contractors will not interfere in any way with or delay Landlord’s Work, and if there are any conflicts or disputes that are not amicably resolved,
Landlord’s Work will have priority. After any entry by Tenant or its contractors, all of Tenant’s Lease obligations will be immediately effective except for the obligation to pay base rent, Taxes and Operating Costs. Without limiting the
generality and applicability of the rest of this Workletter or this Lease, Tenant and its contractors will comply with Sections 13.3, 13.4 and 13.5 of this Lease. 
  
 1.4  When Tenant signs this Lease, it will, pursuant to written notice to Landlord, appoint a representative, at Tenant’s sole cost and expense, who will be
available to meet and consult with Landlord and its representatives on a continuing basis at the Premises concerning Landlord’s Work and Tenant’s Work. The appointed representative will be authorized to render prompt, binding decisions on
behalf of Tenant as Tenant’s agent in connection with issues involving Landlord’s Work and Tenant’s Work under this Lease, and Landlord will have the right to rely on those decisions. 
  
 2.    Additional Terms. 
  
 The rest of this Workletter is attached hereto and incorporated herein. 
  
 EXHIBIT “C” 
 Page 1 of 1 

 

 EXHIBIT “C” 
 “WORKLETTER” 
  
 100 BRICKSTONE SQUARE 
 FIFTH FLOOR 
 ANDOVER, MASSACHUSETTS 
  
 LANDLORD/TENANT SPLIT OF WORKLETTER RESPONSIBILITIES FOR 
 SYNPLICITY,
INC. 
  
 JUNE 20, 2002 
  
 B.1.0—GENERAL 
  
 The Workletter is intended to show the division between the Landlord’s
Work (the “Base Building” work described as follows) and the Tenant’s Work. The Tenant’s Work includes any work not described under the “Base Building” heading as follows, and any changes, additions or deletions to the
Landlord’s work, requested by the Tenant. All descriptions of the split between the Landlord’s versus the Tenant’s responsibilities, with regard to HVAC, electrical, plumbing fire suppression and life safety are for the purposes of
allocating costs and installation responsibilities. The Landlord will specify, purchase, install and balance (if applicable) all installations listed under the Base Building heading. In order to ensure a coordinated system, any remaining systems
that are to be specified and installed by the Tenant, must be approved by the Landlord, as must any modifications or additions to the Base Building systems. The Tenant is solely responsible for paying for and performing the Tenant’s Work.
However, the Landlord reserves the right to install the Tenant’s Work (at the Tenant’s cost) if it connects to or effects the Landlord’s Work or any code-related or life safety-related work. 
  
 The Tenant may request that the Landlord contract for all or part of the Tenant’s work. If the Landlord agrees, this work will be deemed to be part of the
Tenant’s Work, and not part of the Landlord’s Work, and will be done at the Tenant’s sole cost, risk and liability, and the Landlord will have no cost, risk or liability. The Landlord will not be required to advance any funds for the
Tenant’s Work, and at the Landlord’s request, the Tenant will advance, or pay to the Landlord within seven (7) days after receipt of invoices from the Landlord, all costs (whether “hard” or “soft” costs) incurred or
which may be due in connection with the Tenant’s Work, including without limitation, costs for permits, design, drawing, architectural, engineering and drafting services, contractor’s overhead and profit, labor, materials and ten percent
(10%) for hard and soft costs to the Landlord for the Landlord’s supervision, coordination and involvement. The Tenant will indemnify and hold the Landlord harmless from all damages, claims and liabilities in connection with the Tenant’s
Work. 
  
 The Landlord’s Work will be performed in accordance with the Tenant’s “space plan”, as prepared by Beth
Loeper, which is entitled, “100 Brickstone Square, Fifth Floor, Andover, Massachusetts 01810, Synplicity, Preliminary One, May 28, 2002”. A reduced photocopy of the Tenant’s “space plan” is included as page 13 of this
Workletter. 

 EXHIBIT “C”—WORKLETTER 
 
SYNPLICITY, INC. 
 BUILDING 100—FIFTH
FLOOR 
 JUNE 20, 2002 
  
 
	 LANDLORD/BASE BUILDING
 
	  	 TENANT
 

	 
	 B.2.0—SITE IMPROVEMENTS
 
	  	 B.2.0—SITE IMPROVEMENTS
 

	 1. Landlord will identify Tenant’s assigned/reserved parking spaces.
 	  	 Not Used.
 
	 2. Landlord will display Tenant’s name on existing brick and stone exterior building identification directory
monument.
 	  	  
	 
	 B.3.0—STRUCTURE
 
	  	 B.3.0—STRUCTURE
 

	 1. No work required.
 	  	 1. Tenant is responsible for any modifications to the Base Building structural system, as required by special
equipment and/or floor loading, in excess of typical office floor loading.
 
	 
	 B.4.0—DEMOLITION
 
	  	 B.4.0—DEMOLITION
 

	 1. Landlord will prepare the Tenant’s space for the Landlord’s Work and for normal Tenant Fit-Up in accordance
with the Tenant’s space plan.
 	  	 Not used.
 
	 
	 B.5.0—BUILDING EXTERIOR
 
	  	 B.5.0—BUILDING EXTERIOR
 

	 1. Landlord will make provisions, as needed, to meet the requirements for mechanical exhaust, fresh air intakes and
mechanical and/or electrical penetrations.
 	  	 1. Any provisions for Tenant requirements, such as through-wall and through-roof ventilation, exhaust, or other items
that will penetrate or effect the exterior facades and/or roof must be approved by the Landlord.
 

 

 
 Page 2 

 EXHIBIT “C”—WORKLETTER 
 
SYNPLICITY, INC. 
 BUILDING 100—FIFTH
FLOOR 
 JUNE 20, 2002 
  
 
	 LANDLORD/BASE BUILDING
 
	 	 TENANT
 

	  
 B.6.0—HVAC (CENTRAL)
 
	 	  
 B.6.0—HVAC (CENTRAL)
 

	 1. All existing central equipment serving the Tenant, but not within the Tenant’s usable area, including
existing:
 	 	 Not used.
 
	 *  Boiler, controls and associated circulating pumps in the   ground floor Boiler Room.

	 	  
	 *  Roof-top mounted unit (RTU) and circulating pumps in the   ground floor Pump Room.

	 	  
	 *  Controls associated with the operation of the central heating   equipment.
 	 	  
	 *  Piping risers and distribution piping for boilers.
 	 	  
	 *  Exhaust fans for duct-work for common area Toilet Rooms.
 	 	  
	 
	 B.7.0—HVAC (TENANT)
 
	 	 B.7.0—HVAC (TENANT)
 

	 1. HVAC system(s) in the Tenant area, as further defined as follows:
 	 	 1. All special Tenant HVAC equipment required for non-typical   Tenant cooling loads, except as defined
under Base Building.
 
	 *  Distribution duct-work and diffusers installed in Landlord   provided suspended acoustical
ceiling system.
 	 	 2. Any special Tenant-related systems or equipment, such as   special controls, climate controls
(humidification), etc.
 
	 *  HVAC controls in the Tenant area, as necessary for the   Landlord provided system.

	 	  
	 *  Plenum ceiling return air provisions.
 	 	  

 

 
 Page 3 

 EXHIBIT “C”—WORKLETTER 
 
SYNPLICITY, INC. 
 BUILDING 100—FIFTH
FLOOR 
 JUNE 20, 2002 
  
 
	 LANDLORD/BASE BUILDING
 
	 	 TENANT
 

	 
	 B.7.0—HVAC NOTES
 
	 	 B.7.0—HVAC NOTES
 

	 1. HVAC system(s) will be designed to meet the following criteria:
 	 	 Not used.
 
	 * Cooling and ventilation capacity sufficient to meet accepted design standards for the following:
 	 	  
	 * A density of one (1) occupant per 125 gross usable square feet.
 	 	  
	 * Total Tenant electric loads of six (6) watts per square foot for lighting and convenience power.
 	 	  
	 * One (1) thermostat control per 2,500 square feet of Tenant usable floor area. Additional control zones will be the
Tenant’s responsibility.
 	 	  
	 
	 * Comfort Conditions:
 	 	  
	 + Summer: Maintain indoor condition of 76 degrees Fahrenheit and 56% rh at 95 degrees Fahrenheit db/75 degrees
Fahrenheit outdoors.
 	 	  
	 * Winter: Maintain indoor temperature of 72 degrees Fahrenheit with a 10 degree Fahrenheit outdoor
temperature.
 	 	  
	 2. Landlord is to provide the basic HVAC distribution and control system(s) as required by the Tenant’s space plan,
which exists within the Tenant’s premises.
 	 	  

 

 
 Page 4 

 EXHIBIT “C”—WORKLETTER 
 SYNPLICITY, INC. 
 BUILDING 100—FIFTH FLOOR 
 JUNE 20, 2002 
  
  
 
	 LANDLORD/BASE BUILDING
 	    	 TENANT
 
	 
	 B.8.0—ELECTRICAL
 	    	 B.8.0—ELECTRICAL
 
	 1. All central electrical equipment and distribution, including the following:
 * 2,500 KVA pad-mounted exterior transformer.
 * 480/277 volt service entrance.
 * 4,000 amp main switchgear.
 * 2,000 amp—480 volt four (4) wire electric bus-duct riser.
 * 200 amp bus-duct tap switch feeding 200 amp circuit breaker panel (3 phase) and a 120/208 volt step-down transformer for Tenant power, to be located in the Base Building Electric Closet, located on the Tenant’s
floor.
 * Emergency power as necessary for emergency lighting systems and exit signage required by code, such as stair-way and exit-way
lighting and the emergency lighting within the Tenant’s space.
 * Lighting and power as required for all central equipment rooms,
elevators, main lobby(s), exterior lighting, typical floor elevator lobby(s), exit-ways, stair-ways, corridors, etc. These common areas will be metered and controlled from house electric meters and control panels respectively.
 	    	 1. All electrical provisions required to fit-up the Tenant area, other than provided by the Landlord as defined under
Base Building.
 2. Tenant is responsible to wire all Tenant supplied systems furniture work-stations and to make connections to the
Landlord provided power supply locations for the Tenant’s systems furniture work-stations.
 3. Tenant is responsible for the costs of
any special lighting, such as “wall washers”, dimmable lighting fixtures, etc., except as defined under Base Building.
 

 

 
 Page 5 

 EXHIBIT “C”—WORKLETTER 
 SYNPLICITY, INC. 
 BUILDING 100—FIFTH FLOOR 
 JUNE 20, 2002 
  
 
	 LANDLORD/BASE
BUILDING                                       
         
 	 	 TENANT                                    
                                        
        
 
	 
	 B.8.0—ELECTRICAL
 	 	 B.8.0—ELECTRICAL
 
	 2. Not Used.
 	 	 Not used.
 
	 3. The Landlord will provide power for the Tenant supplied and installed systems furniture work-stations. The Tenant is
responsible to connect the systems furniture work-stations to the Landlord provided power supply locations.
 	 	  
	 4. New lighting will consist of one (1) three (3) tube parabolic flourescent light fixture for each 100 square feet of
Tenant usable area.
 	 	  
	 5. All existing light fixtures, where they exist and unless otherwise noted, will be re-used. All existing light
fixtures that are to be re-used, will be cleaned, will be re-lamped and will have ballasts replaced as required.
 	 	  
	 6. New convenience receptacles will be provided at a rate of three (3) receptacles per typical office.

	 	  
	 7. Existing convenience receptacles, where they exist and unless otherwise noted, will be re-used.
 	 	  

 

 
 Page 6 

 EXHIBIT “C”—WORKLETTER 
 SYNPLICITY, INC. 
 BUILDING 100—FIFTH FLOOR 
 JUNE 20, 2002 
  
 
	 LANDLORD/BASE
BUILDING                                       
         
 	  	 TENANT                                    
                                        
        
 
	 
	 B.9.0—TELEPHONE AND DATA
 	  	 B.9.0—TELEPHONE AND DATA
 
	 1. In new gypsum drywall partitions only, Landlord will provide raceways for the Tenant supplied and installed telephone
telephone and data systems. Raceways may be through the metal studs of the gypsum drywall partitions, or in conduit(s) as required, with junction boxes and/or plaster rings.
 	  	 1. Tenant is responsible for entire telephone system, other than that which is defined under Base Building, including
distribution from the existing telephone closet on the ground floor, and for all of the Tenant’s central and branch equipment, distribution panels, wiring, instruments, etc.
 2. Tenant installed telephone, communications and data wiring shall be “plenum rated cable” when installed above the suspended acoustical ceiling system(s).
 3. Tenant is responsible for the fire-proofing of all floor and wall penetrations resulting from the work performed by the Tenant or the Tenant’s
contractor(s).
 4. Tenant is responsible for all telephone, data and communications wiring within the Tenant supplied and installed
systems furniture work-stations.
 
	 
	 B.10.0—FIRE SUPPRESSION
 	  	 B.10.0—FIRE SUPPRESSION
 
	 1. Existing central equipment, controls, piping, stand-pipe risers, hose valves, sprinkler distribution piping and
sprinkler heads.
 2. Sprinkler heads in all building common areas, including penthouses, mechanical rooms, electrical rooms, lobbies,
corridors, toilet rooms, etc.
 	  	 1. Tenant is responsible for all modifications to the Base Building sprinkler system as necessary to accommodate the
Tenant fit-up, other than that provided under the Landlord’s Work.
 

 

 
 Page 7 

 EXHIBIT “C”—WORKLETTER 
 SYNPLICITY, INC. 
 BUILDING 100—FIFTH FLOOR 
 JUNE 20, 2002 
  
 
	 LANDLORD/BASE
BUILDING                                       
         
 	 	 TENANT                                    
                                        
        
 
	 
	 B.10.0—FIRE SUPPRESSION
 	 	 B.10.0—FIRE SUPPRESSION
 
	 3. Sprinkler heads in Tenant’s area will be installed in a regular grid configuration, located by installing
straight vertical drops from the existing sprinkler “T’s”.
 	 	 Not used.
 
	 4. Sprinkler drops will not be centered in the room and/or ceiling tile, unless so directed by the Tenant, which will be
at Tenant’s cost. Landlord will coordinate sprinkler drops to avoid interference with the lighting pattern, HVAC diffusers and duct-work and other ceiling mounted devices that are being provided by the Landlord.
 	 	  
	 
	 B.11.0—LIFE SAFETY SYSTEMS
 	 	 B.11.0—LIFE SAFETY SYSTEMS
 
	 1. Landlord will provide all code required fire alarm systems and their associated risers, including the
following:
 *  Existing system consists of central annunciator, distribution and control panels for smoke and heat detection, alarms,
sprinkler supervised valves, flow switches and voice communications. The system is connected to the Town of Andover “master-box” alarm system.
 * Installation of new devices, including pull stations, smoke detectors and speaker/strobes within the Tenant space will be provided per code requirements.
 	 	 1. Tenant is responsible for all modifications to the Base Building life safety system(s) as necessary to accommodate
the Tenant fit-up, other than that defined under Base Building.
 

 

 
 Page 8 

 EXHIBIT “C”—WORKLETTER 
 SYNPLICITY, INC. 
 BUILDING 100—FIFTH FLOOR 
 JUNE 20, 2002 
  
  
 
	 LANDLORD/BASE
BUILDING                                       
         
 	    	 TENANT                                    
                                        
    
 
	 
	 B.12.0—PLUMBING
 	    	 B.12.0—PLUMBING
 
	 1. Landlord will provide toilet rooms, one (1) for each sex, on each floor within the building common
areas.
 2. Landlord will provide condensate drain lines for associated HVAC equipment.
  
  
  
  
 	    	 Not used.
 
	 
	 B.13.0—FLOORING
 	    	 B.13.0—FLOORING
 
	 1. Existing carpet shall remain.
 2. Where required, carpet will be patched to match existing carpet as closely as possible.
 3. At the completion
of construction, the existing carpet will be vacuumed and shampooed.
 4. New carpet base will be installed at all new drywall partitions
to match existing vinyl base.
 	    	 1. Not used.
 

 

 
 Page 9 

 EXHIBIT “C”—WORKLETTER 
 
SYNPLICITY, INC. 
 BUILDING 100—FIFTH
FLOOR 
 JUNE 20, 2002 
  
 
	 LANDLORD/BASE BUILDING
 
	  	 TENANT
 

	 
	 B.14.0—CEILINGS
 
	  	 B.14.0—CEILINGS
 

	 1. Landlord will provide building standard suspended acoustical tile ceilings for the areas requiring ceilings within
the Tenants’s demised premises. Ceilings shall have 15/16" ceiling grid with “Armstrong Second Look” ceiling tiles.
 2.
Ceilings are existing. Ceiling grid shall remain and stained and/or damaged ceiling tiles shall be replaced as required.
 	  	 1. Tenant is responsible for costs of special ceilings in excess of the Landlord provided suspended acoustical
tile ceiling, other than that defined under Base Building.
 
	 
	 B.15.0—WALLS AND PARTITIONS
 
	  	 B.15.0—WALLS AND PARTITIONS
 

	 1. Landlord will construct all non-moveable walls/partitions within the Tenant’s premises as required by the
Tenant’s space plan.
 2. New interior walls/partitions will be taped, spackled and painted with one (1) primer coat and two (2)
finish coats of the building standard paint, to match existing paint.
 3. Existing walls/partitions to remain, will be repaired as
required and painted with two (2) finish coats of the building standard paint, only where disturbed and/or damaged by new construction.
 4. New interior walls/partitions within the Tenant’s premises, unless will extend from on top of the existing carpet to the underside of the existing suspended acoustical tile ceiling.
 	  	 Not used.
 

 

 
 Page 10 

 
	 EXHIBIT “C”—WORKLETTER
 
	 	  

 
 SYNPLICITY, INC. 
 BUILDING 100—FIFTH FLOOR 
 JUNE 20, 2002 
  
 
	 LANDLORD/BASE BUILDING
 
	 	 TENANT
 

	 
	 B.15.0—WALLS AND PARTITIONS
 
	 	 B.15.0—WALLS AND PARTITIONS
 

	 6. Not used.
 	 	 Not used.
 
	 
	 B.16.0—DOORS
 
	 	 B.16.0—DOORS
 

	 1. Landlord will furnish and install all main building entry and exit doors, building perimeter doors, all core doors
and doors to all mechanical and electrical areas.
 	 	 1. Tenant is responsible for all special doors other than those defined under Base Building.
 
	 2. Suite entry door system is existing, and shall be re-used. Landlord will change the lock(s) on this suite entry door
system.
 	 	  
	 3. Landlord will furnish and install one (1) egress door system in accordance with the Tenant’s space
plan.
 	 	  
	 4. Interior doors within the Tenant’s demised premises will be 3'-0" × 7'-0" solid core oak veneer
doors within painted metal hollow frames, including building standard hardware, which will be installed in accordance with the Tenant’s space plan.
 	 	  
	 5. All existing doors, frames and hardware shall remain “as-is” and will be re-used.
 	 	  

 

 
 Page 11 

 
	 EXHIBIT “C”—WORKLETTER
 
	 	  

 
 SYNPLICITY, INC. 
 BUILDING 100—FIFTH FLOOR 
 JUNE 20, 2002 
  
 
	 LANDLORD/BASE BUILDING
 
	 	 TENANT
 

	 
	 B.17.0—SPECIALTIES
 
	 	 B.17.0—SPECIALTIES
 

	 1. Landlord will furnish and install core area signage on all floors.
 2. At the Tenant’s main suite entry, Landlord will furnish and install building standard signage, bearing the Tenant’s name and suite
number.
 	 	 1. Tenant is responsible for all Tenant specific identification signage, directories, etc. within the Tenant’s
demised premise.
 
	 
	 B.18.0—SPECIAL LANDLORD
               CONSTRUCTION
 
	 	  
	 1. Landlord will provide a directory in the main lobby of the building that will list the Tenant’s name and
location within the building.
 	 	  
	 2. Landlord will furnish and install building standard vertical blinds for all exterior windows within the Tenant’s
demised premises. Where blinds exist, they will be re-used, cleaned and repaired as required.
 	 	  
	 3. Not used.
 	 	  
	 4. Not used.
 	 	  
	 5. Landlord will furnish and install two (2) surface mounted fire extinguisher.
 	 	  

 

 
 Page 12 

 [LOGO TO COME] 

 

 EXHIBIT “D” 
  
 BASE RENT 
  
 For the first Lease Year, the base rent will be Sixteen Dollars per
square foot of agreed rentable area in the Premises (i.e., $16.00 multiplied by the number of square feet of agreed rentable area in the Premises). Starting as of the first day of the second Lease Year and as of the first day of each Lease Year
thereafter during the term, the base rent will increase by Fifty Cents ($0.50) per square foot of agreed rentable area in the Premises. For example, during the second Lease Year it will be Sixteen Dollars and Fifty Cents ($16.50) per square foot,
during the third Lease Year it will be Seventeen Dollars ($17.00) per square foot, etc. 
  
 EXHIBIT “D”

 Page 1 of 1 

 

 EXHIBIT “E” 
  
 RULES AND REGULATIONS 
  
 1.  Fire exits and
stairways are for emergency use only, and they will not be used for any other purposes. Tenant will not encumber or obstruct, or permit the encumbrance or obstruction of or store or place any materials on any of the sidewalks, plazas, entrance,
corridors, elevators, fire exits or stairways of the Project. The Landlord reserves the right to control and operate the public portions of the Project and the public facilities, as well as facilities furnished for the common use of the tenants, and
access thereto, in such manner as it deems best. 
  
 2.  The cost of repairing any damage to the public
portions of the Project or the public facilities or to any facilities used in common with other tenants caused by Tenant or its Affiliates will be paid by Tenant. 
  
 3.  Any person whose presence in the Project at any time will, in the judgment of the Landlord, be prejudicial to the safety, character, reputation and interests
of the Project or its tenants may be denied access to the Project or may be ejected therefrom. In case of invasion, riot, public excitement or other commotion the Landlord may prevent all access to the Project or the Building during the continuance
of the same, by closing the doors or otherwise, for the safety of the tenants and protection of property. The Landlord will in no way be liable to any tenant for damages or loss arising from the admission, exclusion or ejection of any person to or
from Tenant’s premises or the Project under the provisions of this rule. 
  
 4.  No awnings or other
projections over or around the windows will be installed by Tenant and only such window blinds as are permitted by the Landlord will be used in Tenant’s premises. 
  
 5.  Hand trucks will not be used in any space, or in the public halls of the Building in the delivery or receipt of merchandise, except those equipped with rubber
tires and side guards. Tenant will repair all damage to floors both in the Premises and the Common Area caused by its use of material-handling equipment and, if requested by Landlord, Tenant will install at its expense suitable floor covering to
protect the floors and will remove such floor covering (and repair any damage caused by the removal) at its expense at the expiration or earlier termination of this Lease. All air compressors, electric motors and other machinery and equipment will
be shock-mounted so as not to transmit vibrations. 
  
 6.  All entrance doors in Tenant’s premises
will be kept locked when Tenant’s premises are not in use. Entrance doors will not be left open at any time. All windows in Tenant’s premises will be kept closed at all times and all blinds therein above the ground floor will be lowered
when and as reasonably required because of the position of the sun, during the operation of the air conditioning system to cool or ventilate the tenant’s premises. 
  
 7.  Nothing will be done or permitted in Tenant’s premises which would impair or interfere with any of the Systems or Equipment or the proper and economic
servicing of the Building or the Premises, or the use or enjoyment by any other tenant of any other premises, nor will there be installed by Tenant any Systems or Equipment or other equipment of any kind which, in Landlord’s judgment, could
result in such impairment or interference. If necessary in Landlord’s judgment, Landlord may install, relocate, remove, use, maintain, repair and replace Systems and Equipment within or serving the Tenant’s premises or other parts of the
Project, and perform other work and alterations within the Tenant’s premises. No dangerous, inflammable, combustible or explosive object or material will be brought into the Building by Tenant or with the permission of Tenant. 

 
 8.  Whenever Tenant will submit to Landlord any plan, agreement or other document for Landlord’s consent or
approval, such tenant agrees to pay Landlord as additional rent, on demand, a processing fee in a sum equal to the fees of any architect, contractor, engineer and attorney employed by Landlord to review said plan, agreement or document. Within
fifteen (15) days after Landlord’s request from time to time, Tenant will deliver to Landlord Tenant’s financial statements, including a balance sheet, income statements and bank references. 
  
 9.  No acids, vapors hazardous or other materials will be discharged or permitted to be discharged into the waste lines, ducts,
vents or flues which may damage them or any other portions of the Building or the Project. The water and wash closets and other plumbing fixtures in or serving any tenant’s premises will not be used for any purpose other than the purpose for
which they were designed or constructed, and no sweepings, rubbish, rags, acids or other foreign substances will be deposited therein. All damage resulting from any misuse of the fixtures will be borne by the tenant who, or whose servants,
employees, agents, visitors or licensees, will have caused the same. 
  
 10.  No signs, advertisements,
notice or other lettering will be exhibited, inscribed, painted or affixed by Tenant on any part of the outside or inside the premises or the Building without the prior written consent of Landlord. The Tenant will cause the exterior of any permitted
sign to be kept clean, properly maintained and in good order and repair throughout the term of its lease. In the event of the violation of the foregoing by Tenant, Landlord may remove the same without any liability, and may charge the expense
incurred by such removal to Tenant. Landlord will have the right to prohibit any advertising by Tenant which impairs the reputation of the Building or the Project, and upon written notice from Landlord, Tenant will refrain from or discontinue such
advertising. 
  
 11.  Tenant’s employees will not loiter around the hallways, stairways, elevators,
front, roof or any other part of the Building used in common by the occupants thereof. 
  
 12.  If the
premises become infested with vermin, Tenant, at its sole cost and expense, will cause its premises to be exterminated, from time to time, to the satisfaction of Landlord, and will employ such exterminators therefor as will be approved by Landlord.

  
 13.  All movers used by Tenant will be appropriately licensed and will maintain adequate insurance
coverage (proof of such coverage will be delivered to Landlord prior to movers providing service in and throughout the Building). Tenant will protect the premises and the rest of the Building from damage or soiling by Tenant’s movers and
contractors and will pay for extra cleaning or replacement or repairs by reason of Tenant’s failure to do so. 
  
 14.  The premises will not be used for lodging or sleeping or for any immoral or illegal purposes. 

 
 EXHIBIT “E”  
 Page 1 of 1 

 EXHIBIT “F” 
  
 BANKRUPTCY PROVISIONS 
  
 This Article is incorporated into
the Lease as Article 23: 
  
 23.  BANKRUPTCY OR INSOLVENCY. 
  
 23.1  Tenant’s Interest Not Transferable.    Neither Tenant’s interest in this Lease nor
any estate hereby created in Tenant nor any interest herein or therein will pass to any trustee or receiver or assignee for the benefit of creditors or otherwise by operation of law except as may specifically be provided pursuant to the Bankruptcy
Code, 11 U.S.C. Section 101 et seq. (the “Bankruptcy Code”). 
  
 23.2  Default
and Termination.    If: 
  
 (a)  Tenant or Tenant’s Guarantor,
if any, or its executors, administrators, or assigns, will generally not pay its debts as they become due or will admit in writing its inability to pay its debts, or will make a general assignment for the benefit of creditors; or 

 
 (b)  Tenant or Tenant’s Guarantor, if any, will commence any case, proceeding or other action
seeking reorganization, arrangement, adjustment, liquidation, dissolution or composition of it or its debts under any law relating to bankruptcy, insolvency, reorganization or relief of debtors, or seeking appointment of a receiver, trustee,
custodian or other similar official for it or for all or any substantial part of its property; or 
  
 (c)  Tenant or Tenant’s Guarantor, if any, will take any corporate, partnership or other action to authorize or in furtherance of any of the actions set forth above in subsection (a) or (b); or 
  
 (d)  Any case, proceeding or other action against Tenant or Tenant’s Guarantor, if any, will be commenced
seeking to have an order for relief entered against it as debtor, or seeking reorganization, arrangement, adjustment, liquidation, dissolution or composition of it or its debts under any law relating to bankruptcy, insolvency, reorganization or
relief of debtors, or seeking appointment of a receiver, trustee, custodian or other similar official for it or for all or any substantial part of its property, and such case, proceeding or other action: results in the entry of an order for relief
against it which is not fully stayed within seven (7) business days after the entry thereof; or remains undismissed for a period of forty-five (45) days, then it will be a default hereunder and this Lease and all rights of Tenant hereunder will
automatically cease and terminate as if the date of such event were the original expiration date of this Lease and Tenant will vacate and surrender the Premises but will remain liable as herein provided. 
  
 23.3  Rights and Obligations Under the Bankruptcy Code. 
  
 (a)  Upon the filing of a petition by or against Tenant under the Bankruptcy Code, Tenant, as debtor and as debtor in possession, and any trustee who may be
appointed agree as follows: (i) to perform all obligations of Tenant under this Lease, including, but not limited to, the covenants regarding the operations and uses of the Premises until such time as this Lease is either rejected or assumed by
order of the United States Bankruptcy Court; (ii) to pay monthly in advance on the first day of each month as reasonable compensation for use and occupancy of the Premises an amount equal to all base rent and other rent otherwise due pursuant to
this Lease; (iii) to reject or assume this Lease within sixty (60) days of the filing of a petition under any Chapter of the Bankruptcy Code or under any Law relating to bankruptcy, insolvency, reorganization or relief of debtors (any such rejection
being deemed an automatic termination of this Lease); (iv) to give Landlord at least thirty (30) days prior written notice of any proceeding relating to any assumption of this Lease; (v) to give at least thirty (30) days prior written notice of any
abandonment of the Premises (any such abandonment being deemed a rejection and automatic termination of this Lease); (vi) to do all other things of benefit to Landlord otherwise required under the Bankruptcy Code or under any Law relating to
bankruptcy, insolvency, reorganization or relief of debtors; (vii) to be deemed to have rejected this Lease in the event of the failure to comply with any of the above; and (viii) to have consented to the entry of an order by an appropriate United
States Bankruptcy Court providing all of the above, waiving notice and hearing of the entry of same. 
  
 (b)  No default under this Lease by Tenant, either prior to or subsequent to the filing of such petition, will be deemed to have been waived unless expressly done so in writing by Landlord. 
  
 (c)  Included within and in addition to any other conditions or obligations imposed upon Tenant or its successor in the event of
assumption and/or assignment are the following: (i) the cure of any monetary defaults and the reimbursement of pecuniary loss by the time of the entry of the order approving such assumption and/or assignment (pecuniary loss will include, without
limitation, any attorneys’ fees and costs and expert witness fees incurred by Landlord in protecting its rights under this Lease, including representation of Landlord in any proceeding commenced under the Bankruptcy Code or under any Law
relating to bankruptcy, insolvency, reorganization or relief of debtor); (ii) the deposit of an additional sum equal to three (3) months’ base rent; (iii) the use of the Premises only as set forth in this Lease; (iv) the reorganized debtor or
assignee of such debtor in possession or of Tenant’s trustee 
 demonstrates in writing that it has sufficient background including, but not limited to, substantial
experience in operating businesses in the manner contemplated in this Lease and meet all other reasonable criteria of Landlord as did Tenant upon execution of this Lease; (v) meet all other criteria of 11 U.S.C. Section 365(b)(3); and (v) the prior
written consent of any mortgagee to which this Lease has been assigned as collateral security; and (vi) the Premises at all times remains a single unit and no Alterations or physical changes of any kind may be made unless in compliance with the
applicable provisions of this Lease. 
  
 (d)  Any person or entity to whom this Lease is assigned pursuant
to the provisions of the Bankruptcy Code will be deemed without further act or deed to have assumed all of the obligations arising under this Lease on or after the date of such assignment. Any such assignee will upon demand execute and deliver to
Landlord an instrument confirming such assumption. 
  
 23.4  Construction.    The terms of this Article will be in addition to, but not exclusive of, any rights or remedies of Landlord in Article 22 and elsewhere in this Lease or otherwise available
at law or in equity, and will not be deemed to limit Landlord, except as may be required by law. 

 
 EXHIBIT “F” 
 Page 1 of
1 

 ADDENDUM #1 
  
 EXTENSION OPTION 
  
 This Addendum is incorporated into the Lease. 

 
 1.  Landlord grants to Tenant one (1) extension option (the “Option”) to extend the Lease term for an
additional term of five (5) years on the same terms and conditions as this Lease, except that Section 8(b) will not apply and there will be no further right to extend, and except as set forth below. The Option can be exercised only by Tenant
complying with this Addendum and delivering unconditional written notice of exercise to Landlord at no earlier than twelve (12) months and no later than nine (9) months before the expiration of the initial term. If for any reason
Tenant does not so comply or Landlord does not actually receive this unconditional written notice of exercise when required, the Option will lapse and become void and there will be no further right to extend the Lease term, unless Landlord
specifically agrees otherwise in writing. TIME IS ABSOLUTELY OF THE ESSENCE IN THIS ADDENDUM.  
  
 2.  The Option is personal to the Tenant originally named in this Lease and may not be exercised by or for anyone else, except for a valid assignee of this Lease. The Option will lapse and become void if, prior to the
beginning of its term, Tenant fails to occupy at least one-quarter (1/4) of the agreed rentable area of its initial Premises or subleases or otherwise Transfers all or any portion of the Premises (except for a valid assignment of this Lease or a
valid sublease of not more than one-quarter (1/4) of the agreed rentable area of the initial Premises), unless Landlord specifically elects otherwise in writing. The Option is granted to and may be exercised by Tenant on the express condition that,
at the time of the exercise and at all times before the beginning of the Option term, Tenant is not in default, unless Landlord specifically agrees otherwise in writing. 
  
 3.  Landlord will not be required to perform or pay for any work or other improvement to the Premises, and Tenant will accept the Premises in its then “as
is” condition in all respects as of the beginning of the Option term. 
  
 4.  If Tenant has validly
exercised the Option, the annual base rent per square foot of agreed rentable area in the Premises for each year of the Option term will be the greater of: (a) the highest scheduled annual base rent per square foot payable for any portion of the
Premises, determined per Exhibit “D” or as otherwise may be agreed in writing by Landlord and Tenant (ignoring any abatements or reductions of that scheduled base rent); or (c) the “fair rental value” of the Premises determined
in accordance with Section 5 below. 
  
 5.  (a)  If Landlord and Tenant can’t agree on the
annual base rent for each Lease Year of the Option term at least six (6) months before the beginning of the Option term, then unless otherwise agreed in writing by Landlord and Tenant, Landlord and Tenant will try to agree in writing on a single
appraiser at least five (5) months before the beginning of the Option term, and if they can so agree, then that appraiser will determine fair rental value in accordance with this Addendum. If Landlord and Tenant can’t agree on a single
appraiser within this time period, then Landlord and Tenant each will appoint one appraiser, in writing, not later than four (4) months before the beginning of the Option term. Within fifteen (15) days after their appointment, the two appointed
appraisers will appoint a third appraiser. If the two appraisers can’t agree, a third appraiser will be appointed by the American Institute of Real Estate Appraisers (or if this organization refuses to act or no longer exists, then by an
organization deemed by Landlord to be reasonably equivalent) not later than three (3) months before the beginning of the Option term. If either Landlord or Tenant fails to appoint its appraiser within the prescribed time period, the single appraiser
appointed will determine the fair rental value. If both parties fail to appoint appraisers within the prescribed time periods, then the first appraiser validly appointed by a party will determine the fair rental value. Appraisers must have at least
five (5) years’ experience in the appraisal of office property in the area in which the Project is located and be members of professional organizations such as the American Institute of Real Estate Appraisers or the equivalent. Landlord and
Tenant will instruct the appraiser(s) to complete their determination of the fair rental value not later than two (2) months before the beginning of the Option term. Landlord and Tenant each will pay the fees for the appraiser it appoints as set
forth above, and will share equally the fees for the single appraiser jointly appointed or the third appraiser appointed as set forth above. 
  
 (b)  For purposes of this Lease, the term “fair rental value” means: the annual net base rent that a hypothetical, ready and willing tenant would pay for the Premises during each
year of the Option term to a ready and willing landlord of the Premises, assuming that the Premises was exposed for lease on the open market for a reasonable period of time, could be used for general office use and uses incidental thereto, was
improved to its then-existing level, and that a market-rate construction allowance was offered to and received by such hypothetical tenant (even though such construction allowance will not actually be paid to Tenant). If only a single appraiser is
appointed as described above, then that appraiser will determine the fair rental value. Otherwise, the fair rental value will be the arithmetic average of the two (2) of the three (3) appraisals which are closest in amount, and the third appraisal
will be disregarded. 
  
 (c)  If for some reason the fair rental value is not determined before the
beginning of the Option term, then Tenant will pay to Landlord base rent at the greater of the rates set forth in Sections 4(a) and 4(b) of this Addendum until the fair rental value is determined. When the fair rental value is determined, Landlord
will notify Tenant, and Tenant will pay to Landlord, within thirty (30) days after receipt of such notice, any difference between the base rent actually paid by Tenant to Landlord and the new base rent determined hereunder (if the new base rent is
higher).

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