Document:

EX-10.10

 Exhibit 10.10 

THIRD AMENDMENT TO LEASE 

This THIRD AMENDMENT TO LEASE (this “Amendment”) is dated for reference purposes as of the 10th day of January, 2014, between FSP-RIC, LLC (“Landlord”), and ZILLOW, INC., a Washington corporation (“Tenant”). Landlord is authorized
to insert the date of its signature in the date blank above. 
 RECITALS 

A. Landlord, as successor to The Northwestern Mutual Life Insurance Company, and Tenant are parties to that certain Office Lease dated
March 22, 2011, as amended by that certain Amendment to Office Lease dated June 27, 2012 (the “First Amendment”) and that certain Second Amendment to Lease dated April 11, 2013 (the “Second
Amendment”) (collectively with this Amendment, the “Lease”) pursuant to which Tenant leased certain space from Landlord in the building located at 1301 Second Avenue in Seattle, Washington. 

B. Pursuant to the First Amendment, the 32nd floor was added to the Initial Premises effective as of October 26, 2012. 

C. Pursuant to the Second Amendment, the 33rd Floor was added to the Premises effective as of October 1, 2013 and the 34th Floor
will be added effective as of September 1, 2014. 
 D. Landlord and Tenant now wish to add the 35th Floor to the Premises on the
terms and conditions set forth herein. The floor plan for Floor 35 is attached hereto as Exhibit A and shall be added to and become part of Exhibit B to the Lease. 

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

1. Expanded Premises. From and after delivery of possession of Floor 35, Floor 35 shall be considered part of the Premises
through the balance of the Term, including any extension or renewal of the Term. Landlord shall deliver possession of Floor 35 to Tenant on the later of (a) October 1, 2016, or (b) the date on which the current occupant surrenders
possession thereof to Landlord but in no event later than April 1, 2017, provided that Landlord shall use commercially reasonable efforts to deliver possession of Floor 35 to Tenant as close to October 1, 2016 as possible. Landlord shall
deliver possession of Floor 35 to Tenant in its “as is” condition except that prior to delivery a barrier will be installed at the top of the stairwell connecting Floors 35 and 36 in a design approved by Landlord at no cost to Tenant.
Landlord shall not be required to make or contribute any funds toward the cost of any improvements or alterations to such space except as expressly set forth in this Amendment. Except as otherwise provided in this Amendment, all of the terms and
conditions of the Lease applicable to Floor 32 set forth in the First Amendment shall apply to Floor 35. The parties agree that Floor 35 contains 22,694 square feet of Rentable Area. 

2. Floor 35 Rent Commencement. Tenant shall begin paying Monthly Base Rent, Operating Expenses and Real Estate Taxes on Floor 35
on the date that is ninety (90) days after Landlord delivers possession of Floor 35 to Tenant (the “Floor 35 Rent Start Date”). 

 3. Operating Costs and Taxes. Effective as of the Floor 35 Rent Start Date,
Tenant’s Proportionate Share shall be equal to the Rentable Area of the Premises divided by the rentable square footage of the Office Unit. On the Floor 35 Rent Start Date, Tenant’s Proportionate Share shall be increased to Seventeen and
78/100 percent (17.78%) of the Project. 
 4. Parking Allocation. Effective upon the date on which Landlord delivers
possession of Floor 35 to Tenant, Tenant’s parking allocation under Section 1.1(t) and Section 27 of the Lease shall be increased by Fourteen (14) unreserved stalls. 

5. Monthly Base Rent on Floor 35. In addition to all other sums of Monthly Base Rent due under the Lease, commencing on the Floor 35
Rent Start Date, Tenant shall pay Monthly Base Rent on Floor 35 in accordance with the terms and conditions of Section 4.2 of the Lease. The amount of each payment of Monthly Base Rent for Floor 35 shall be as set forth below for the
applicable time periods: 
  

									
	 Period
	  	Annual Base Rent per
Square Foot of
Rentable Area	 	  	Monthly Base Rent	 
	 Floor 35 Rent Start Date to November 30, 2017
	  	$	42.00	  	  	$	79,429.00	  
	 December 1, 2017 to November 30, 2018
	  	$	43.00	  	  	$	81,320.17	  
	 December 1, 2018 to November 30, 2019
	  	$	44.00	  	  	$	83,211.33	  
	 December 1, 2019 to November 30, 2020
	  	$	45.00	  	  	$	85,102.50	  
	 December 1, 2020 to November 30, 2021
	  	$	46.00	  	  	$	86,993.67	  
	 December 1, 2021 to November 30, 2022
	  	$	47.00	  	  	$	88,884.83	  

 6. Early Termination. Article 31 of the Lease shall apply only to the portion of the Premises
initially leased by Tenant (Floors 29, 30 and 31) and shall not apply to any space added to the Premises under any Amendments, including but not limited to Floors 32, 33, 34 and Floor 35, and if Tenant exercises the early termination right, the
Lease shall remain in full force and effect for all of the Premises except for Floors 29, 30 and 31. 
 7. Letter of Credit. Within
two (2) Business Days after execution of this Amendment, Tenant shall provide an amendment to the existing Letter of Credit increasing the value of the Letter of Credit by Eighty-eight Thousand Eight Hundred Eighty-four and 83/100 Dollars
($88,884.83). Paragraph 10 of Exhibit K to the Lease (as amended in the First Amendment and the Second Amendment) is amended to replace the number “$1,253,153.33” with the number “1,342,038.10” in each place it
appears. 
 8. Work Letter. Tenant shall complete all of its improvements to Floor 35 in accordance with the terms of Exhibit
C to the First Amendment except that (i) all references therein to Floor 32 shall be deemed to refer to Floor 35, and (ii) with respect to Floor 35, Section 13(a) of Exhibit C shall be replaced with the
following: 
 (a) After delivery of possession of Floor 35 to Tenant, Landlord shall provide Tenant an allowance of Eight
Hundred Twenty-five Thousand Eight Hundred Thirty-four and 66/100 Dollars ($825,834.66) [$36.39 per square foot of rentable area on Floor 35] (the “Cash Allowance”) toward payment for the costs of design,

  
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permitting and construction of the Floor 35 Work. Tenant may use the Cash Allowance anywhere in the Premises and for the cost of furniture, fixtures and equipment installed in the Premises and as
a credit against Monthly Base Rent due after the Floor 35 Rent Start Date. 
 9. Stair Enclosures Tenant must install the
required fire doors, walls, and opening protection for full fire rated separation of floors at two of the internal stairwells for the purpose of creating three (3) fire zones in the Premises during an alarmed emergency. Tenant must obtain
Landlord’s approval of complete plans and specifications prior to performing any work. The enclosures must be completed by Tenant before Tenant will be permitted to occupy Floor 35. Landlord will reimburse Tenant for one half of the out of
pocket costs incurred by Tenant for architectural design, structural engineering, permitting, and construction relating to the work described above within a reasonable period of time after receipt of invoices substantiating the costs to be
reimbursed and full and final lien releases from all contractors, subcontractors and suppliers. 
 10. Broker’s
Commission. Tenant represents and warrants to Landlord that it has had no dealing with any broker or agent in connection with this Amendment other than Flinn Ferguson. Landlord shall pay a commission to its broker CBRE, Inc. and to Tenant’s
broker identified above in accordance with a separate written agreement. Tenant shall indemnify, defend and hold Landlord harmless from and against any and all liabilities for any other commissions or other compensation or charges claimed by any
broker or agent based on dealings with Tenant. 
 11. Defined Terms; Conflict. Capitalized terms used herein and not otherwise
defined shall have the meanings given in the Lease. If there is any conflict between the terms, conditions and provisions of this Amendment and the terms and conditions of the Lease, the terms, conditions and provisions of this Amendment shall
prevail. 
 12. No Further Amendment. This Amendment sets forth the entire agreement of the parties as to the subject matter
hereof and supersedes all prior discussions and understandings between them. Except as expressly modified by this Amendment, all terms, covenants and provisions of the Lease shall remain unmodified and in full force and effect and are hereby
expressly ratified and confirmed. 
 13. Confirmation. Tenant represents and warrants to Landlord that to the best of Tenant’s
knowledge and belief, but without any duty to investigate: (a) no defenses or offsets exist to the enforcement of the Lease by Landlord and there are no unresolved or pending disputes or claims between Landlord and Tenant with respect to the
Lease or the Premises; (b) Landlord is not in default in the performance of the Lease; and (c) Landlord has not committed any breach of the Lease, nor has any event occurred which, with the passage of time or the giving of notice or both,
would constitute a default or a breach by Landlord under the Lease. Landlord represents and warrants to Tenant that to the best of Landlord’s knowledge and belief, but without any duty to investigate: (a) no defenses or offsets exist to
the enforcement of the Lease by Tenant and there are no unresolved or pending disputes or claims between Tenant and Landlord with respect to the Lease or the Premises; (b) Landlord is not in default in the performance of the Lease; and
(c) Landlord has not committed any breach of the Lease, nor has any event occurred which, with the passage of time or the giving of notice or both, would constitute a default or a breach by Landlord under the Lease. 

14. UBTI. Landlord and Tenant agree that all Rent payable by Tenant to Landlord shall qualify as “rents from real
property” within the meaning of both Sections 512(b)(3) and 856(d) of the Internal Revenue Code of 1986, as amended (the “Code”) and the U.S. Department of Treasury Regulations promulgated thereunder (the
“Regulations”). In the event that Landlord, in its sole and absolute discretion, determines that there is any risk that all or part of any Rent shall not qualify as “rents

  
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from real property” for the purposes of Sections 512(b)(3) or 856(d) of the Code and the Regulations promulgated thereunder, Tenant agrees (1) to cooperate with Landlord by entering
into such amendment or amendments as Landlord deems necessary to qualify all Rents as “rents from real property,” and (2) to permit an assignment of this Lease; provided, however, that any adjustments required pursuant to this Section
shall be made so as to produce the equivalent Rent (in economic terms) payable prior to such adjustment. 
 15. Miscellaneous.
This Amendment may not be amended or rescinded in any manner except by an instrument in writing signed by a duly authorized officer or representative of each party hereto. Each of the schedules or exhibits referred to herein (if any), is
incorporated herein as if fully set forth in this Amendment. If any of the provisions of this Amendment be found to be invalid, illegal or unenforceable by any court of competent jurisdiction, such provision shall be stricken and the remainder of
this Amendment shall nonetheless remain in full force and effect unless striking such provision shall materially alter the intention of the parties. No waiver of any right under this Amendment shall be effective unless contained in a writing signed
by a duly authorized officer or representative of the party sought to be charged with the waiver and no waiver of any right arising from any breach or failure to perform shall be deemed to be a waiver of any future right or of any other right
arising under this Amendment. Tenant waives any right it may have to require the provisions of this Amendment to be construed against the party who drafted it. 

16. Authority. Each person signing this Amendment on behalf of the respective parties represents and warrants that he or she is
authorized to execute and deliver this Amendment, and that this Amendment will thereby become binding upon Landlord and Tenant, respectively. 

17. Counterparts. This Amendment may be executed in counterparts, each of which will be deemed to be an original, but all of
which together will constitute one and the same document. 
 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
day and year first above written. 
 LANDLORD: 

FSP-RIC, LLC, 
 a Delaware
limited liability company 
 By: Fifth Street Properties, LLC, 

a Delaware limited liability company, 

its sole member 
 By: CWP
Capital Management LLC, 
 a Delaware limited liability company, 

its manager 
  

			
	By:	 	 /s/ JOSEPH A. CORRENTE

	Name:	 	Joseph A. Corrente
	Title:	 	Executive Vice President

  
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	 TENANT:
  

ZILLOW, INC.,

a Washington corporation

		
	By:	 	 /s/ CHAD M. COHEN

	Name:	 	Chad M. Cohen
	Title:	 	Chief Financial Officer and Treasurer

  
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 EXHIBIT A 

FLOOR 35 PLAN 
  

 

  
 6EX-10.19

 Exhibit 10.19 

STOCK OPTION GRANT PROGRAM 

FOR 
 NONEMPLOYEE
DIRECTORS UNDER THE 
 ZILLOW, INC. 2011 INCENTIVE PLAN 

The following provisions set forth the terms of the stock option grant program (the “Program”) for nonemployee
directors of Zillow, Inc. (the “Company”) under the Company’s 2011 Incentive Plan (the “Plan”). In the event of any inconsistency between the terms contained herein and in the Plan, the Plan shall
govern. Capitalized terms that are not defined herein have the meanings set forth in the Plan. 
 1. Eligibility 

Each director of the Company elected or appointed to the Board who is not otherwise an officer or employee of the Company or of any Related
Company (an “Eligible Director”) shall be eligible to receive Options under the Plan, as described below. 
 2.
Annual Option Grants 
 (a) Beginning on March 1, 2012 and on each anniversary thereafter (the “Grant
Date”), each individual who was an Eligible Director during the twelve months preceding the Grant Date shall automatically receive a Nonqualified Stock Option to purchase that number of shares of Class A Common Stock with a
Black-Scholes-Merton value (or such other valuation method then being used by the Company to value its stock options for financial reporting purposes) equal to $150,000, with any fractional share rounded to the nearest whole share (0.5 to be rounded
up) (each, an “Annual Option Grant”). 
 (b) In the event of an Eligible Director’s initial election or
appointment to the Board during the twelve-month period prior to a Grant Date, such Eligible Director shall automatically receive a prorated Annual Option Grant on the first Grant Date after initial election or appointment to the Board, based on the
number of full calendar months that have elapsed between the date of the Eligible Director’s initial election or appointment to the Board and the Grant Date. 

3. Option Vesting 
 Annual
Option Grants shall be fully vested and exercisable on the Grant Date. 
 4. Option Exercise Price 

The per share exercise price of an Annual Option Grant shall be equal to the Fair Market Value of the Class A Common Stock on the Grant
Date. 
 5. Payment of Exercise Price 

Options granted under the Program shall be exercised by giving notice to the Company (or a brokerage firm designated or approved by the
Company) in such form as required by the Company, stating the number of shares of Class A Common Stock with respect to which the Option is being exercised, accompanied by payment in full for such Class A Common Stock, which payment may be
made, to the extent permitted by applicable laws and regulations, in whole or in part: 
 (a) by cash, check or wire
transfer; 
 (b) if and so long as the Class A Common Stock is registered under the Exchange Act, by delivery of a
properly executed exercise notice, together with irrevocable instructions to a broker, to promptly deliver to the Company the amount of proceeds to pay the exercise price, all in accordance with the regulations of the Federal Reserve Board; or 

(c) by such other consideration as the Compensation Committee may permit. 

 6. Term of Options 

Each Option shall expire seven years from the Grant Date thereof (the “Option Expiration Date”), but shall be subject
to earlier termination as follows: 
 (a) General Rule. In the event of an Eligible Director’s Termination of Service for any
reason other than death, Disability or for Cause, the Option may be exercised by the Eligible Director only until the earlier of (i) three months after the Eligible Director’s Termination of Service and (ii) the Option Expiration
Date; 
 (b) Death or Disability. In the event of an Eligible Director’s Termination of Service by reason of death or
Disability, the Option may be exercised only until the earlier of (i) the one-year anniversary of the date of the Eligible Director’s Termination of Service and (ii) the Option Expiration Date. If an Eligible Director dies after his
or her Termination of Service but while the Option is still exercisable, the Option may be exercised until the earlier of (x) the one-year anniversary of the date of death and (y) the Option Expiration Date; and 

(c) Cause. In the event of an Eligible Director’s Termination of Service for Cause, the Option shall terminate and no longer be
exercisable, unless the Committee determines otherwise. 
 7. Amendment 

The Board or the Compensation Committee may amend the provisions contained herein in such respects as it deems advisable. Unless otherwise
provided in the Plan, any such amendment shall not, without the consent of the Eligible Director, materially adversely affect any rights of an Eligible Director under an Option. 

Provisions of the Plan (including any amendments thereto) that are not discussed herein, to the extent applicable to Eligible Directors, shall
continue to govern the terms and conditions of Options granted to Eligible Directors. 
 8. Effective Date 

The Program shall become effective on the Effective Date of the Plan and, unless sooner terminated by the Board or the Compensation Committee,
shall remain effective during the term of the Plan.

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