Document:

Exhibit 10.52
-------------

Standard Form Revised 12/6/04

Consultant
Initial:______
Initial:______

                              CONSULTING Agreement

     This Agreement (the "Agreement") is entered into as of August 20, 2007 (the
"Effective Date") by and between FinancialContent,  Inc., with principal offices
at  101  Lincoln  Centre  Drive,  Suite  410,  Foster  City,   California  94404
("Company") and Jade Special Strategy,  LLC, with principal offices at 1175 Walt
Whitman Road, Suite 100, Melville, New York 11747 (the "Consultant")

RECITALS:

WHEREAS, the Company desires to retain the Consultant and the Consultant desires
to be retained by the Company  pursuant to the terms and conditions  hereinafter
set forth:

NOW,  THEREFORE,  in  consideration of the foregoing and the mutual promises and
covenants herein contained, it is hereby agreed as follows:

         SECTION 1. Retention.

         (a) The Company hereby retains the Consultant on a non-exclusive  basis
to perform the  services set forth in Section 1 (b),  below,  during the one (1)
year period  commencing on the date hereof.  The Consultant  hereby accepts such
retention  and shall  perform  for the  Company  the  duties  described  herein,
faithfully and to the best of its ability. During the Term, the Consultant shall
report  directly to the Chief  Executive  Officer of the Company or to any other
senior  officer  designated  in  writing by the Chief  Executive  Officer of the
Company.

         (b) The  Consultant  shall  serve as a  Consultant  to the  Company and
render such advice and services to the Company as may be reasonably requested by
the Company concerning strategic planning,  merger and acquisition possibilities
and  business  development   activities  including,   without  limitation,   the
following:

                  (i)  Study  and  review  of  the  business,   operations,  and
         historical   financial   performance   of  the   Company   (based  upon
         management's  forecast of  financial  performance)  so as to enable the
         Consultant to identify provide prospects and advice to the Company; and

                  (ii) Provide  training and  education  to  management  in best
         practices in new market development and merger and acquisitions.

         (c) Such services  expressly  exclude equity and/or debt financings and
any other  services that may directly or indirectly  relate to the offer or sale
of securities in a capital-raising transaction.

<PAGE>

         SECTION 2. Compensation.

         (a) Company shall issue  Consultant a note in the amount of one hundred
fifty thousand dollars ($150,000) (the "Note") payable on December 31, 2007, and
as otherwise provided under the Note, attached hereto as Exhibit A.

         (b) Company shall issue to the Consultant one hundred  thousand  shares
(100,000)  of its  common  stock  registered  under  form S-8  (the  "Registered
Shares")  within ten (10)  business  days of  executing  this  Agreement,  which
Registered  Shares  shall be  issuable  to the  individual(s)  working for or on
behalf of the Consultant and as designated by the Consultant on Schedule A.

         (c) Except as otherwise  provided for herein,  all  securities  due the
Consultant  hereunder  shall be made via DTC or the DWAC system if eligible  for
such system, or by certificates  issued by the transfer agent for the Company or
the Company, as applicable.

         SECTION 3. Condition Precedent. The obligation hereunder of the Company
to issue  the  Note  and  transfer  the  Registered  Shares  is  subject  to the
following:

         (a) Company and Consultant  amending in writing,  signed by each party,
concurrently  with  this  Agreement,  each  of  the  three  (3)  Senior  Secured
Convertible Promissory Notes issued by the Company to the Consultant on or about
February 13, 2006, March 31, 2006, and on June 9, 2006; and

         (b) The approval of the Company's board of director.

         SECTION 4. Termination.  This Agreement and the Consultant's engagement
hereunder shall not be terminated by Company under any circumstances nor for any
reason whatsoever, unless all compensation due to Consultant pursuant to Section
2 above has been  distributed to the  Consultant.  Sections 2, 5, 6, and 7 shall
survive any termination of this Agreement.

         SECTION 5. Confidential Information.  The Consultant agrees that during
and after the Term, it will keep in strictest confidence,  and will not disclose
or make  accessible  to any other  person  without  the  written  consent of the
Company, the Company's products, services and technology, both current and under
development,  promotion and marketing  programs,  lists, trade secrets and other
confidential and proprietary  business  information of the Company or any of its
clients and third parties including, without limitation, Proprietary Information
(as  defined in Section 6) (all of the  foregoing  is  referred to herein as the
"Confidential  Information").  The  Consultant  agrees  (a) not to use any  such
Confidential  Information  for itself or others,  except in connection  with the
performance  of its duties  hereunder;  and (b) not to take any such material or
reproductions  thereof from the Company's facilities at any time during the Term
except,  in each case, as required in connection  with the  Consultant's  duties
hereunder.

         Notwithstanding the foregoing, the parties agree that the Consultant is
free to use (a)  information in the public domain not as a result of a breach of
this Agreement, (b) information lawfully received form a third party who had the
right to disclose such  information  and (c) the  Consultant's  own  independent
skill, knowledge, know-how and experience to whatever extent and in whatever way
he wishes,  in each case  consistent  with his obligations as the Consultant and
that, at all times,  the Consultant is free to conduct any research  relating to
the Company's business.
                                      -2-

<PAGE>

         SECTION 6. Ownership of Proprietary Information.  The Consultant agrees
that all  information  that has been  created,  discovered  or  developed by the
Company,  its  subsidiaries,  affiliates,  licensors,  licensees,  successors or
assigns  (collectively,   the  "Affiliates")  (including,   without  limitation,
information  relating to the  development  of the  Company's  business  created,
discovered,  developed by the Company or any of its affiliates  during the Term,
and information relating to the Company's customers, suppliers, Consultants, and
licensees)  and/or in which  property  rights have been  assigned  or  otherwise
conveyed to the  Company or the  Affiliates,  shall be the sole  property of the
Company or the Affiliates, as applicable,  and the Company or the Affiliates, as
the case may be,  shall be the sole owner of all patents,  copyrights  and other
rights in connection  therewith,  including without limitation the right to make
application  for statutory  protection.  All the  aforementioned  information is
hereinafter called  "Proprietary  Information." By way of illustration,  but not
limitation,   Proprietary   Information   includes  trade  secrets,   processes,
discoveries,  structures,  inventions,  designs,  ideas,  works  of  authorship,
copyrightable works, trademarks, copyrights, formulas, improvements, inventions,
product concepts,  techniques,  marketing plans, merger and acquisition targets,
strategies,  forecasts, blueprints, sketches, records, notes, devices, drawings,
customer    lists,    patent    applications,     continuation     applications,
continuation-in-part  applications,  file wrapper continuation  applications and
divisional  applications  and information  about the Company's  Affiliates,  its
employees and/or Consultants (including,  without limitation,  the compensation,
job responsibility and job performance of such employees and/or Consultants).

         All original content, proprietary information,  trademarks, copyrights,
patents or other  intellectual  property created by the Consultant that does not
include  any  specific  information   relative  to  the  Company's   proprietary
information, shall be the sole and exclusive property of the Consultant.

         SECTION 7.  Indemnification.  The Company represents that all materials
provided or to be provided to the  Consultant  or any third party  regarding the
Company's financial affairs or operations are and shall be truthful and accurate
and in compliance with any and all applicable federal and state securities laws.
The  Company  agrees to  indemnify  and hold  harmless  the  Consultant  and its
Consultants,   professionals,   lawyers,   consultants  and  affiliates,   their
respective  directors,  officers,  shareholders,  partners,  members,  managers,
agents and employees and each other person,  if any,  controlling the Consultant
or any of its affiliates to the full extent lawful, from and against all losses,
claims, damages, liabilities and expenses incurred by them (including reasonable
attorneys' fees and disbursements)  that result from actions taken or omitted to
be taken  (including any untrue  statements made or any statement  omitted to be
made) by the Company,  its agents or employees which relate to the scope of this
Agreement and the  performance  of the services by the  Consultant  contemplated
hereunder.  The Consultant  will indemnify and hold harmless the Company and the
respective directors,  officers, agents, affiliates and employees of the Company
from and against all losses,  claims  damages,  liabilities  and  expenses  that
result from bad faith,  gross negligence or unauthorized  representations of the
Consultant.  Each  person  or entity  seeking  indemnification  hereunder  shall
promptly  notify the Company,  or the  Consultant,  as applicable,  of any loss,
claim, damage or expense for which the Company or the Consultant, as applicable,
may become  liable  pursuant to this  Section 7. No party  shall pay,  settle or
acknowledge  liability  under any such claim without consent of the party liable
for  indemnification,  and  shall  permit  the  Company  or the  Consultant,  as
applicable,  a  reasonable  opportunity  to cure any  underlying  problem  or to
mitigate actual or potential damages. The scope of this indemnification  between
the  Consultant and the Company shall be limited to, and pertain only to certain
transactions contemplated or entered into pursuant to this Agreement.

                                      -3-

<PAGE>

         The  Company  or  the  Consultant,   as  applicable,   shall  have  the
opportunity to defend any claim for which it may be liable  hereunder,  provided
it notifies the party  claiming the right to  indemnification  in writing within
fifteen (15) days of notice of the claim.

         The rights  stated  pursuant to this  Section 7 shall be in addition to
any rights that the  Consultant,  the Company,  or any other person  entitled to
indemnification may have in common law or otherwise,  including, but not limited
to, any right to contribution.

         SECTION  8.  Notices.  Any  notice or other  communication  under  this
Agreement  shall be in writing and shall be deemed to have been duly given:  (a)
upon facsimile  transmission (with written transmission  confirmation report) at
the number  designated  below;  (b) when delivered  personally  against  receipt
therefore;  (c) one day after being sent by Federal Express or similar overnight
delivery;  or (d) five (5)  business  days  after  being  mailed  registered  or
certified mail, postage prepaid.  The addresses for such communications shall be
as set forth  below or to such  other  address  as a party  shall give by notice
hereunder to the other party to this Agreement.

          If to the Company:                 FinancialContent, Inc.
                                             101 Lincoln Centre Drive, Suite 410
                                             Foster City, CA 94404
                                             Telephone: (650) 286-9702
                                             Telecopy:   (650) 745-2677
                                             Attention: Wing Yu, CEO

          If to the Consultant:              Jade Special Strategy, LLC
                                             1175 Walt Whitman Road, Suite
                                             Melville, NY 11747
                                             (631) 424-9646 - Tel
                                             (631) 424-9010 - Fax
                                             Attention: David Propis

         SECTION 9. Status of Consultant.  The Consultant  shall be deemed to be
an independent  contractor  and,  except as expressly  provided or authorized in
this Agreement, shall have no authority to act for on behalf of or represent the
Company. This Agreement does not create a partnership or joint venture.

         SECTION 10. Other Activities of Consultant. The Company recognizes that
the Consultant now renders and may continue to render other Consulting  services
to other companies that may or may not conduct  business and activities  similar
to those of the Company. The Consultant shall not be required to devote its full
time and attention to the  performance of its duties under this  Agreement,  but
shall devote only so much of its time and  attention as it deems  reasonable  or
necessary for such purposes.

                                      -4-

<PAGE>

         SECTION 11.  Successors  and  Assigns.  This  Agreement  and all of the
provisions  hereof shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and permitted assigns. This Agreement and
any of the rights,  interests or obligations  hereunder may not be assigned by a
party without the prior written consent of the other party,  which consent shall
not be unreasonably withheld.

         SECTION  12.  Severability  of  Provisions.  If any  provision  of this
Agreement shall be declared by a court of competent  jurisdiction to be invalid,
illegal  or  incapable  of being  enforced  in whole or in part,  the  remaining
conditions and provisions or portions thereof shall nevertheless  remain in full
force and  effect  and  enforceable  to the  extent  they are  valid,  legal and
enforceable,  and no provision shall be deemed dependent upon any other covenant
or provision unless so expressed herein.

         SECTION 13.  Entire  Agreement;  Modification.  This  Agreement and the
schedule  hereto  contains the entire  agreement of the parties  relating to the
subject  matter  hereof,  and  the  parties  hereto  and  thereto  have  made no
agreements, representations or warranties relating to the subject matter of this
Agreement  which are not set forth herein.  No amendment or modification of this
Agreement  shall be valid  unless  made in  writing  and  signed  by each of the
parties hereto.

         SECTION  14.  Non-Waiver.  The  failure of any party to insist upon the
strict  performance  of any of the  terms,  conditions  and  provisions  of this
Agreement  shall  not be  construed  as a waiver  or  relinquishment  of  future
compliance therewith; and the said terms, conditions and provisions shall remain
in full force and effect.  No waiver of any term or condition of this  Agreement
on the part of any party shall be effective  for any purpose  whatsoever  unless
such waiver is in writing and signed by such party.

         SECTION 15.  Remedies For Breach.  The Consultant and Company  mutually
agree  that  any  breach  of  Sections  2, 5, 6, or 7 of this  Agreement  by the
Consultant or the Company may cause irreparable damage to the other party and/or
their affiliates,  and that monetary damages alone would not be adequate and, in
the event of such breach or threat of breach,  the damaged  party shall have, in
addition  to any and all  remedies  at law and  without the posting of a bond or
other  security,  the  right to an  injunction,  specific  performance  or other
equitable relief necessary to prevent or redress the violation of either party's
obligations  under  such  Sections.  In the event that an actual  proceeding  is
brought in equity to enforce such Sections,  the offending  party shall not urge
as a defense that there is an adequate remedy at law nor shall the damaged party
be prevented  from seeking any other  remedies  that may be available to it. The
defaulting  party shall pay all attorney's  fees and costs incurred by the other
party in enforcing this Agreement.

         SECTION 16.  Governing  Law. The parties  hereto  acknowledge  that the
transactions  contemplated  by this Agreement bear a reasonable  relation to the
state of placeplaceNew  York. This Agreement shall be governed by, and construed
and  interpreted  in  accordance  with,  the  internal  laws  of  the  state  of
placeplaceNew  York without  regard to such state's  principles  of conflicts of
laws. The parties irrevocably and unconditionally agree that the exclusive place
of jurisdiction for any action, suit or proceeding  ("Actions") relating to this
Agreement  shall be in the state or federal  courts  situated  in the county and
state of placeplaceNew York. Each party irrevocably and  unconditionally  waives
any  objection it may have to the venue of any Action  brought in such courts or
to the  convenience  of the forum.  Final  judgment in any such Action  shall be

                                      -5-

<PAGE>

conclusive and may be enforced in other jurisdictions by suit on the judgment, a
certified or true copy of which shall be conclusive evidence of the fact and the
amount of any indebtedness or liability of any party therein described.  Service
of  process  in any  Action by any  party  may be made by  serving a copy of the
summons  and  complaint,  in  addition  to  any  other  relevant  documents,  by
commercial  overnight  courier to any other party at their  address set forth in
this Agreement.

         SECTION 17.  Headings.  The  headings of the  Sections are inserted for
convenience  of reference only and shall not affect any  interpretation  of this
Agreement.

         SECTION 18. Counterparts. This Agreement may be executed in counterpart
signatures,  each of which shall be deemed an original,  but all of which,  when
taken  together,  shall  constitute  one  and  the  same  instrument,  it  being
understood  that both parties need not sign the same  counterpart.  In the event
that any signature is delivered by facsimile transmission,  such signature shall
create a valid and binding obligation of the party executing (or on whose behalf
such  signature is executed)  the same with the same force and effect as if such
facsimile signature page were an original thereof.

         IN WITNESS WHEREOF,  the parties hereto have executed this Agreement of
eight (7) pages as of the day and year first written above.

                                  FINANCIALCONTENT, INC.

                                  By: /s/ Wing Yu
                                      ------------------------------
                                  Name: Wing Yu
                                  Title: CEO

                                  JADE SPECIAL STRATEGY, LLC

                                  By: /s/ David Propis
                                      ------------------------------
                                  Name: David Propis
                                  Title: Manager

                                      -6-

<PAGE>

                                   SCHEDULE A

                               S-8 SHARE DESIGNEE

Issuee                     No. of Shares

                                      -7-

EXHIBIT A

THIS NOTE AND THE SHARES OF COMMON STOCK  ISSUABLE UPON  CONVERSION  HEREOF HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR
APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE SOLD, TRANSFERRED, OR OTHERWISE
DISPOSED  OF IN THE ABSENCE OF SUCH  REGISTRATION  OR RECEIPT BY THE MAKER OF AN
OPINION OF COUNSEL IN THE FORM,  SUBSTANCE AND SCOPE REASONABLY  SATISFACTORY TO
THE MAKER THAT THIS NOTE AND THE SHARES OF COMMON STOCK ISSUABLE UPON CONVERSION
HEREOF MAY BE SOLD,  TRANSFERRED,  OR OTHERWISE  DISPOSED OF, UNDER AN EXEMPTION
FROM REGISTRATION UNDER THE ACT AND SUCH STATE SECURITIES LAWS.

                             FINANCIALCONTENT, INC.

                   Senior Secured Convertible Promissory Note
                              due December 31, 2007

Dated: August 20, 2007                                                  $150,000

         For value received, FinancialContent, Inc., a Delaware corporation (the
"Maker"),  hereby  promises to pay to the order of Jade  Special  Strategy,  LLC
(together  with its  successors,  representatives,  and permitted  assigns,  the
"Holder"),  in accordance  with the terms  hereinafter  provided,  the principal
amount of one hundred fifty thousand dollars ($150,000),  together with interest
thereon.  Concurrently  with the  issuance  of this  Note,  the Maker is issuing
separate convertible promissory notes (the "Other Notes") to separate purchasers
(the "Other Holders")  pursuant to the Purchase Agreement (as defined in Section
1.1 hereof).

         All  payments  under or  pursuant  to this Note shall be made in United
States  Dollars in immediately  available  funds to the Holder at the address of
the  Holder  first set forth  above or at such  other  place as the  Holder  may
designate from time to time in writing to the Maker or by wire transfer of funds
to the Holder's  account,  instructions for which are attached hereto as Exhibit
A. The  outstanding  principal  balance of this Note shall be due and payable on
dateMonth12Day31Year2007December  31,  2007  (the  "Maturity  Date")  or at such
earlier time as provided herein.

                                   ARTICLE I
                                   ---------

         Section  1.1  Purchase  Agreement.  This  Note  has been  executed  and
delivered pursuant to the Consulting  Agreement dated as of August __, 2007 (the
"Consluting  Agreement")  by and  among  the  Maker  and the  purchasers  listed
therein.  Capitalized terms used and not otherwise defined herein shall have the
meanings set forth for such terms in the Purchase Agreement.

<PAGE>

         Section 1.2 Interest.

         (a) Beginning on the issuance date of this Note (the "Issuance  Date"),
the outstanding  principal balance of this Note shall bear interest, in arrears,
at a rate per annum equal to nine percent (9%),  payable  monthly  commencing on
August 30,  2007 and on the last  business  day of each  following  month at the
option of the Maker in (A) cash or (B)  registered  shares of the Maker's common
stock, $0.001 par value per share (the "Common Stock").  The Maker shall provide
irrevocable  written  notice to the  Holder of the form of  interest  payment at
least ten (10) days prior to an  interest  payment  date.  If no such  notice is
provided at least ten (10) days prior to an  interest  payment  date,  the Maker
must make the  interest  payment  in cash.  In  addition,  the  Maker  must make
interest  payments  in  cash  if it is  unable  to  make  interest  payments  in
registered  shares of Common  Stock.  The number of shares of Common Stock to be
issued as payment of accrued and unpaid interest shall be determined by dividing
(a) the total amount of accrued and unpaid  interest to be converted into Common
Stock by (b) the Conversion  Price (as defined in Section 3.2 hereof).  Interest
shall be  computed on the basis of a 360-day  year of twelve (12) 30-day  months
and  shall  accrue  commencing  on the  Issuance  Date.  Furthermore,  upon  the
occurrence  of an Event of Default (as defined in Section 2.1  hereof),  then to
the extent permitted by law, the Maker will pay interest to the Holder,  payable
on demand, on the outstanding principal balance of the Note from the date of the
Event of Default  until such Event of Default is cured at the rate of the lesser
of fifteen percent (15%) and the maximum applicable legal rate per annum.

         Section 1.3 Security Agreement.  The obligations of the Maker hereunder
are secured by a continuing  security interest in all of the assets of the Maker
pursuant to the terms of a security  agreement  dated as of February 13, 2006 by
and among the Maker, on the one hand, and the Holder, on the other hand.

         Section 1.4 Payment on  Non-Business  Days.  Whenever any payment to be
made shall be due on a Saturday,  Sunday or a public  holiday  under the laws of
the State of placeStateNew  York, such payment may be due on the next succeeding
business day and such next  succeeding day shall be included in the  calculation
of the amount of accrued interest payable on such date.

         Section 1.5 Transfer.  This Note may be transferred or sold, subject to
the  provisions  of  Section  4.8 of this  Note,  or  pledged,  hypothecated  or
otherwise granted as security by the Holder.

         Section 1.6 Replacement. Upon receipt of a duly executed, notarized and
unsecured  written  statement from the Holder with respect to the loss, theft or
destruction of this Note (or any replacement  hereof) and a standard  indemnity,
or, in the case of a mutilation of this Note, upon surrender and cancellation of
such Note,  the Maker shall issue a new Note, of like tenor and amount,  in lieu
of such lost, stolen, destroyed or mutilated Note.

                                      -2-

<PAGE>

                                   ARTICLE II

                           EVENTS OF DEFAULT; REMEDIES
                           ---------------------------

         Section 2.1 Events of Default.  The  occurrence of any of the following
events shall be an "Event of Default" under this Note:

         (a) the Maker shall fail to make any principal or interest  payments on
the date such  payments are due and such default is not fully cured within three
(3) business days after the occurrence thereof; or

         (b) the suspension from listing,  without subsequent listing on any one
of, or the  failure of the Common  Stock to be listed on at least one of the OTC
Bulletin Board,  the American Stock Exchange,  the Nasdaq National  Market,  the
Nasdaq  SmallCap  Market or The New York Stock  Exchange,  Inc.  for a period of
seven (7) consecutive Trading Days; or

         (c) the  Maker's  notice  to the  Holder,  including  by way of  public
announcement,  at any time, of its inability to comply (including for any of the
reasons  described in Section 3.8(a) hereof) or its intention not to comply with
proper requests for conversion of this Note into shares of Common Stock; or

         (d) the Maker  shall  fail to (i) timely  deliver  the shares of Common
Stock upon conversion of the Note or any interest accrued and unpaid; or

         (e) default shall be made in the  performance  or observance of (i) any
material  covenant,  condition  or  agreement  contained  in this  Note and such
default  is not fully  cured  within  five (5)  business  days  after the Holder
delivers written notice to the Maker of the occurrence thereof; or

         (f) the Maker shall (i) apply for or consent to the  appointment of, or
the taking of  possession  by, a receiver,  custodian,  trustee or liquidator of
itself or of all or a  substantial  part of its property or assets,  (ii) make a
general assignment for the benefit of its creditors,  (iii) commence a voluntary
case under the United States  Bankruptcy Code (as now or hereafter in effect) or
under the comparable laws of any jurisdiction (foreign or domestic), (iv) file a
petition  seeking to take advantage of any bankruptcy,  insolvency,  moratorium,
reorganization  or other  similar law affecting  the  enforcement  of creditors'
rights  generally,  (v) acquiesce in writing to any petition filed against it in
an involuntary case under United States  Bankruptcy Code (as now or hereafter in
effect) or under the comparable laws of any jurisdiction  (foreign or domestic),
(vi) issue a notice of bankruptcy  or winding down of its  operations or issue a
press  release  regarding  same,  or (vii) take any action under the laws of any
jurisdiction (foreign or domestic) analogous to any of the foregoing; or

         (g) a  proceeding  or case shall be  commenced in respect of the Maker,
without its  application  or consent,  in any court of  competent  jurisdiction,
seeking (i) the liquidation,  reorganization,  moratorium,  dissolution, winding
up, or  composition  or  readjustment  of its debts,  (ii) the  appointment of a
trustee,  receiver,  custodian,  liquidator  or the  like of it or of all or any
substantial part of its assets in connection with the liquidation or dissolution
of the Maker or (iii)  similar  relief in respect of it under any law  providing
for the relief of debtors,  and such proceeding or case described in clause (i),

                                      -3-

<PAGE>

(ii) or (iii)  shall  continue  undismissed,  or unstayed  and in effect,  for a
period of  thirty  (30) days or any order  for  relief  shall be  entered  in an
involuntary  case under United  States  Bankruptcy  Code (as now or hereafter in
effect) or under the comparable laws of any  jurisdiction  (foreign or domestic)
against  the Maker or  action  under the laws of any  jurisdiction  (foreign  or
domestic)  analogous to any of the foregoing  shall be taken with respect to the
Maker and shall continue undismissed,  or unstayed and in effect for a period of
thirty (30) days; or

         (h) the  failure  of the  Maker to pay any  amounts  due to the  Holder
within five (5) business days of the date such payments are due and such default
is not fully  cured  within two (2)  business  days  after the  Holder  delivers
written notice to the Maker of the occurrence thereof;.

         Section 2.2 Remedies  Upon An Event of Default.  If an Event of Default
shall have occurred and shall be continuing,  the Holder of this Note may at any
time at its  option,  (a) declare the entire  unpaid  principal  balance of this
Note, together with all interest accrued hereon, due and payable, and thereupon,
the same  shall be  accelerated  and so due and  payable,  without  presentment,
demand,  protest,  or notice, all of which are hereby expressly  unconditionally
and irrevocably waived by the Maker; provided, however, that upon the occurrence
of an Event of Default described in (i) Sections 2.1 (f) or (g), the outstanding
principal balance and accrued interest  hereunder shall be automatically due and
payable  and (ii)  Sections  2.1  (b)-(e),  demand the  prepayment  of this Note
pursuant to Section 3.7 hereof,  or (b) demand that the principal amount of this
Note then  outstanding  and all accrued  and unpaid  interest  thereon  shall be
converted  into shares of Common Stock at a Conversion  Price per share pursuant
to Section 3.1 hereof assuming that the date that the Event of Default occurs is
the  Conversion  Date (as defined in Section 3.1 hereof).  No course of delay on
the part of the Holder shall operate as a waiver thereof or otherwise  prejudice
the right of the Holder.  No remedy  conferred  hereby shall be exclusive of any
other remedy referred to herein or now or hereafter available at law, in equity,
by statute or otherwise.

                                  ARTICLE III

                      CONVERSION; ANTIDILUTION; PREPAYMENT
                      ------------------------------------

         Section 3.1 Conversion Option.

         (a) At any time on or after  the  Issuance  Date,  this  Note  shall be
convertible (in whole or in part), at the option of the Holder (the  "Conversion
Option"),  into such  number of fully paid and  non-assessable  shares of Common
Stock (the  "Conversion  Rate")  registered  under Form S-8 as is  determined by
dividing (x) that portion of the outstanding  principal balance plus any accrued
but unpaid  interest  under this Note as of such date that the Holder  elects to
convert by (y) the  Conversion  Price (as defined in Section 3.2(a) hereof) then
in effect  on the date on which the  Holder  faxes a notice of  conversion  (the
"Conversion  Notice"),  duly  executed,  to the Maker  (facsimile  number  (650)
745-2677,  Attn.:  Chief Executive  Officer) (the "Voluntary  Conversion Date"),

                                      -4-

<PAGE>

described in Section 3.6 below.  The Holder shall deliver this Note to the Maker
at the address  designated in the Purchase Agreement at such time that this Note
is fully converted.  With respect to partial conversions of this Note, the Maker
shall  keep  written  records of the  amount of this Note  converted  as of each
Conversion Date.

         Section 3.2 Conversion Price.

         (a) The term "Conversion Price" shall mean $0.75, subject to adjustment
under Section 3.6 hereof.

         Section 3.3 Mechanics of Conversion.

         (a) Not later than three (3) Trading  Days after any  Conversion  Date,
the Maker or its  designated  transfer  agent,  as  applicable,  shall issue and
deliver to the Depository  Trust Company  ("DTC") account on the Holder's behalf
via the Deposit  Withdrawal Agent Commission System ("DWAC") as specified in the
Conversion Notice, registered in the name of the Holder or its designee, for the
number of shares of Common Stock to which the Holder  shall be entitled.  In the
alternative,  not later than three (3) Trading Days after any  Conversion  Date,
the  Maker  shall  deliver  to  the  applicable  Holder  by  express  courier  a
certificate  or  certificates  which  shall be free of  restrictive  legends and
trading  restrictions  representing  the number of shares of Common  Stock being
acquired upon the conversion of this Note (the "Delivery  Date"). If in the case
of any Conversion  Notice such  certificate or certificates are not delivered to
or as directed by the  applicable  Holder by the Delivery Date, the Holder shall
be entitled by written  notice to the Maker at any time on or before its receipt
of such certificate or certificates thereafter,  to rescind such conversion,  in
which  event  the  Maker  shall  immediately   return  this  Note  tendered  for
conversion,  whereupon  the Maker and the Holder shall each be restored to their
respective  positions  immediately  prior  to the  delivery  of such  notice  of
revocation,  except that any amounts  described in Sections 3.3(b) and (c) shall
be payable through the date notice of rescission is given to the Maker.

         (b) The Maker understands that a delay in the delivery of the shares of
Common Stock upon  conversion of this Note beyond the Delivery Date could result
in economic loss to the Holder. If the Maker fails to deliver to the Holder such
shares  via DWAC or a  certificate  or  certificates  pursuant  to this  Section
hereunder by the Delivery Date, the Maker shall pay to such Holder,  in cash, an
amount per Trading Day for each Trading Day until such shares are  delivered via
DWAC or certificates  are delivered,  together with interest on such amount at a
rate of 10% per annum,  accruing  until such  amount  and any  accrued  interest
thereon is paid in full,  equal to the  greater  of (A) (i) 1% of the  aggregate
principal  amount of the Notes  requested to be converted for the first five (5)
Trading  Days after the  Delivery  Date and (ii) 2% of the  aggregate  principal
amount of the Notes  requested to be converted  for each Trading Day  thereafter
and (B) $2,000 per day (which amount shall be paid as liquidated damages and not
as a penalty).  Nothing  herein  shall limit a Holder's  right to pursue  actual
damages for the Maker's failure to deliver  certificates  representing shares of
Common Stock upon conversion  within the period specified herein and such Holder
shall have the right to pursue all remedies  available to it at law or in equity
(including,   without  limitation,  a  decree  of  specific  performance  and/or
injunctive relief).  Notwithstanding  anything to the contrary contained herein,

                                      -5-

<PAGE>

the Holder  shall be  entitled to withdraw a  Conversion  Notice,  and upon such
withdrawal  the Maker  shall only be  obligated  to pay the  liquidated  damages
accrued in accordance  with this Section  3.3(b) through the date the Conversion
Notice is withdrawn.

         (c) In addition to any other  rights  available  to the Holder,  if the
Maker fails to cause its transfer  agent to transmit to the Holder a certificate
or certificates representing the shares of Common Stock issuable upon conversion
of this Note on or before the Delivery  Date,  and if after such date the Holder
is  required  by its  broker  to  purchase  (in an open  market  transaction  or
otherwise)  shares of Common Stock to deliver in  satisfaction  of a sale by the
Holder of the shares of Common Stock issuable upon conversion of this Note which
the Holder anticipated receiving upon such exercise (a "Buy-In"), then the Maker
shall (1) pay in cash to the Holder the amount by which (x) the  Holder's  total
purchase  price  (including  brokerage  commissions,  if any) for the  shares of
Common Stock so purchased exceeds (y) the amount obtained by multiplying (A) the
number of shares of Common Stock issuable upon  conversion of this Note that the
Maker was required to deliver to the Holder in connection with the conversion at
issue times (B) the price at which the sell order  giving rise to such  purchase
obligation was executed,  and (2) at the option of the Holder,  either reinstate
the  portion  of the Note and  equivalent  number of shares of Common  Stock for
which  such  conversion  was not  honored or deliver to the Holder the number of
shares of Common Stock that would have been issued had the Maker timely complied
with its  conversion and delivery  obligations  hereunder.  For example,  if the
Holder  purchases Common Stock having a total purchase price of $11,000 to cover
a Buy-In with respect to an attempted  conversion of shares of Common Stock with
an aggregate  sale price  giving rise to such  purchase  obligation  of $10,000,
under  clause  (1) of the  immediately  preceding  sentence  the Maker  shall be
required to pay the Holder  $1,000.  The Holder shall  provide the Maker written
notice  indicating  the amounts  payable to the Holder in respect of the Buy-In,
together with applicable  confirmations and other evidence reasonably  requested
by the Maker.  Nothing  herein shall limit a Holder's  right to pursue any other
remedies  available  to it  hereunder,  at law or in equity  including,  without
limitation,  a decree of  specific  performance  and/or  injunctive  relief with
respect to the  Maker's  failure  to timely  deliver  certificates  representing
shares of Common Stock upon conversion of this Note as required  pursuant to the
terms hereof.

         Section 3.4 Ownership Cap and Certain Conversion Restrictions.

         (a) Notwithstanding  anything to the contrary set forth in Section 3 of
this Note,  at no time may the Holder  convert  all or a portion of this Note if
the number of shares of Common  Stock to be issued  pursuant to such  conversion
would exceed, when aggregated with all other shares of Common Stock owned by the
Holder at such time,  the number of shares of Common Stock which would result in
the Holder  beneficially  owning (as determined in accordance with Section 13(d)
of the  Exchange  Act and the  rules  thereunder)  more  than 4.9% of all of the
Common Stock outstanding at such time; provided,  however,  that upon the Holder
providing  the Maker with  sixty-one  (61) days notice  (pursuant to Section 4.1
hereof) (the "Waiver  Notice")  that the Holder would like to waive this Section
3.4(a) with regard to any or all shares of Common Stock issuable upon conversion
of this Note,  this Section  3.4(a) will be of no force or effect with regard to
all or a portion of the Note referenced in the Waiver Notice.

         (b) Notwithstanding  anything to the contrary set forth in Section 3 of
this Note,  at no time may the Holder  convert  all or a portion of this Note if
the number of shares of Common Stock to be issued  pursuant to such  conversion,
when  aggregated  with all other  shares of Common  Stock owned by the Holder at
such time,  would result in the Holder  beneficially  owning (as  determined  in
accordance  with Section 13(d) of the Exchange Act and the rules  thereunder) in
excess  of 9.9% of the then  issued  and  outstanding  shares  of  Common  Stock
outstanding at such time; provided,  however, that upon the Holder providing the
Maker with a Waiver Notice that the Holder would like to waive Section 3.4(b) of
this  Note with  regard to any or all  shares  of  Common  Stock  issuable  upon
conversion of this Note, this Section 3.4(b) shall be of no force or effect with
regard to all or a portion of the Note referenced in the Waiver Notice.

                                      -6-

<PAGE>

         Section 3.5 Intentionally Omitted.

         Section 3.6 Adjustment of Conversion Price.

         (a) The  Conversion  Price shall be subject to adjustment  from time to
time as follows:

                  (i)  Adjustments  for Stock  Splits and  Combinations.  If the
Maker shall at any time or from time to time after the Issuance  Date,  effect a
stock split of the outstanding Common Stock, the applicable  Conversion Price in
effect immediately prior to the stock split shall be proportionately  decreased.
If the Maker  shall at any time or from time to time  after the  Issuance  Date,
combine the outstanding shares of Common Stock, the applicable  Conversion Price
in  effect  immediately  prior  to  the  combination  shall  be  proportionately
increased.  Any adjustments  under this Section  3.6(a)(i) shall be effective at
the close of business on the date the stock split or combination occurs.

                  (ii) Adjustments for Certain Dividends and  Distributions.  If
the Maker shall at any time or from time to time after the Issuance  Date,  make
or issue or set a record date for the  determination  of holders of Common Stock
entitled to receive a dividend or other distribution payable in shares of Common
Stock,  then,  and in each  event,  the  applicable  Conversion  Price in effect
immediately  prior  to such  event  shall  be  decreased  as of the time of such
issuance  or, in the event such  record  date shall have been  fixed,  as of the
close of business on such record date, by multiplying, the applicable Conversion
Price then in effect by a fraction:

                           (1) the  numerator of which shall be the total number
of shares of Common Stock issued and outstanding  immediately  prior to the time
of such issuance or the close of business on such record date; and

                           (2) the  denominator  of  which  shall  be the  total
number of shares of Common Stock issued and outstanding immediately prior to the
time of such  issuance  or the close of  business  on such  record date plus the
number of shares of  Common  Stock  issuable  in  payment  of such  dividend  or
distribution.

                  (iii) Adjustment for Other Dividends and Distributions. If the
Maker shall at any time or from time to time after the  Issuance  Date,  make or
issue or set a record  date for the  determination  of holders  of Common  Stock
entitled  to  receive a  dividend  or other  distribution  payable in other than
shares of Common Stock, then, and in each event,

                                      -7-

<PAGE>

an  appropriate  revision to the applicable  Conversion  Price shall be made and
provision shall be made (by adjustments of the Conversion Price or otherwise) so
that the  holders  of this Note  shall  receive  upon  conversions  thereof,  in
addition to the number of shares of Common Stock receivable thereon,  the number
of  securities  of the Maker which they would have  received  had this Note been
converted into Common Stock on the date of such event and had thereafter, during
the period from the date of such event to and  including  the  Conversion  Date,
retained such securities (together with any distributions payable thereon during
such  period),  giving  application  to all  adjustments  called for during such
period under this Section  3.6(a)(iii) with respect to the rights of the holders
of this Note; provided,  however, that if such record date shall have been fixed
and such dividend is not fully paid or if such distribution is not fully made on
the date fixed therefor, the Conversion Price shall be adjusted pursuant to this
paragraph as of the time of actual payment of such dividends or distributions.

                  (iv)   Adjustments   for    Reclassification,    Exchange   or
Substitution.  If the Common Stock issuable upon  conversion of this Note at any
time or from time to time after the  Issuance  Date shall be changed to the same
or  different  number of shares of any class or  classes  of stock,  whether  by
reclassification,  exchange,  substitution or otherwise  (other than by way of a
stock split or combination of shares or stock dividends provided for in Sections
3.6(a)(i), (ii) and (iii), or a reorganization,  merger, consolidation,  or sale
of assets  provided  for in Section  3.6(a)(v)),  then,  and in each  event,  an
appropriate  revision to the Conversion Price shall be made and provisions shall
be made (by adjustments of the Conversion Price or otherwise) so that the Holder
shall have the right thereafter to convert this Note into the kind and amount of
shares of stock and other securities receivable upon reclassification, exchange,
substitution or other change, by holders of the number of shares of Common Stock
into  which  such Note  might  have  been  converted  immediately  prior to such
reclassification, exchange, substitution or other change, all subject to further
adjustment as provided herein.

                  (v) Adjustments for Reorganization,  Merger,  Consolidation or
Sales of  Assets.  If at any time or from time to time after the  Issuance  Date
there  shall be a capital  reorganization  of the Maker  (other than by way of a
stock  split or  combination  of  shares  or stock  dividends  or  distributions
provided  for in  Section  3.6(a)(i),  (ii) and  (iii),  or a  reclassification,
exchange or  substitution of shares  provided for in Section  3.6(a)(iv)),  or a
merger or consolidation of the Maker with or into another  corporation where the
holders of outstanding  voting  securities prior to such merger or consolidation
do not own over fifty percent (50%) of the outstanding  voting securities of the
merged or consolidated  entity,  immediately after such merger or consolidation,
or the sale of all or substantially  all of the Maker's  properties or assets to
any other person (an "Organic  Change"),  then as a part of such Organic Change,
(A) if the surviving  entity in any such Organic Change is a public company that
is registered pursuant to the Securities  Exchange Act of 1934, as amended,  and
its common stock is listed or quoted on a national  exchange or the OTC Bulletin
Board,  an  appropriate  revision  to the  Conversion  Price  shall  be made and
provision shall be made (by adjustments of the Conversion Price or otherwise) so
that the Holder  shall have the right  thereafter  to convert such Note into the
kind and amount of shares of stock and other securities or property of the Maker
or any  successor  corporation  resulting  from Organic  Change,  and (B) if the
surviving  entity in any such  Organic  Change is not a public  company  that is
registered  pursuant to the Securities  Exchange Act of 1934, as amended, or its
common stock is not listed or quoted on a national  exchange or the OTC Bulletin
Board, the Holder shall have the right to demand prepayment  pursuant to Section
3.7(b) hereof.  In any such case,  appropriate  adjustment  shall be made in the

                                      -8-

<PAGE>

application  of the  provisions  of this Section  3.6(a)(v)  with respect to the
rights of the Holder after the Organic  Change to the end that the provisions of
this Section  3.6(a)(v)  (including any adjustment in the applicable  Conversion
Price  then in effect  and the  number  of  shares of stock or other  securities
deliverable  upon  conversion of this Note and the Other Notes) shall be applied
after that event in as nearly an equivalent manner as may be practicable.

                  (vi)  Adjustments for Issuance of Additional  Shares of Common
Stock.

                           (1) In the event the Maker,  shall, at any time, from
time to time,  issue or sell any  shares of  additional  shares of common  stock
(otherwise than as provided in the foregoing subsections (i) through (v) of this
Section  3.6(a) or  pursuant to Common  Stock  Equivalents  (hereafter  defined)
granted or issued  prior to the  Issuance  Date)  ("Additional  Shares of Common
Stock"),  at a price per share less than the Conversion  Price then in effect or
without  consideration,  then the Conversion Price upon each such issuance shall
be  adjusted  to  that  price  (rounded  to  the  nearest  cent)  determined  by
multiplying each of the Conversion Price then in effect by a fraction:

                                    (A) the numerator of which shall be equal to
the sum of (x) the  number of shares of  Common  Stock  outstanding  immediately
prior to the  issuance of such  Additional  Shares of Common  Stock plus (y) the
number of shares of Common Stock  (rounded to the nearest whole share) which the
aggregate consideration for the total number of such Additional Shares of Common
Stock so issued  would  purchase  at a price per share  equal to the  Conversion
Price then in effect, and

                                    (B) the  denominator of which shall be equal
to the  number  of  shares of Common  Stock  outstanding  immediately  after the
issuance of such Additional Shares of Common Stock.

                           (2)  The  provisions  of  paragraph  (1)  of  Section
3.6(a)(vi) shall not apply to any issuance of Additional  Shares of Common Stock
for which an adjustment is provided under Section 3.6(a)(vii).  No adjustment of
the number of shares of Common  Stock for which  this Note shall be  convertible
shall be made under paragraph (1) of Section 3.6(a)(vi) upon the issuance of any
Additional  Shares of Common Stock which are issued  pursuant to the exercise of
any Common Stock Equivalents,  if any such adjustment shall previously have been
made upon the  issuance of such  Common  Stock  Equivalents  pursuant to Section
3.6(a)(vii).

                  (vii) Issuance of Common Stock  Equivalents.  If the Maker, at
any time after the Issuance Date, shall issue any securities convertible into or
exchangeable   for,   directly  or   indirectly,   Common  Stock   ("Convertible
Securities"),  other than the Notes,  or any  rights or  warrants  or options to
purchase any such Common  Stock or  Convertible  Securities,  shall be issued or
sold  (collectively,  the "Common Stock  Equivalents")  and the aggregate of the
price  per share for which  Additional  Shares of Common  Stock may be  issuable
thereafter  pursuant to such Common  Stock  Equivalent,  plus the  consideration
received by the Maker for  issuance of such Common Stock  Equivalent  divided by
the number of shares of Common  Stock  issuable  pursuant to such  Common  Stock
Equivalent  (the  "Aggregate  Per Common  Share  Price")  shall be less than the
applicable  Conversion  Price then in effect,  or if, after any such issuance of
Common Stock  Equivalents,  the price per share for which  Additional  Shares of

                                      -9-

<PAGE>

Common Stock may be issuable  thereafter is amended or adjusted,  and such price
as so amended  shall make the  Aggregate Per Share Common Price be less than the
applicable  Conversion  Price  in  effect  at the  time  of  such  amendment  or
adjustment,  then the  applicable  Conversion  Price upon each such  issuance or
amendment shall be adjusted as provided in the first sentence of subsection (vi)
of this Section  3.6(a) on the basis that (1) the maximum  number of  Additional
Shares of Common Stock  issuable  pursuant to all such Common Stock  Equivalents
shall  be  deemed  to  have  been  issued  (whether  or not  such  Common  Stock
Equivalents are actually then exercisable,  convertible or exchangeable in whole
or in part) as of the  earlier  of (A) the date on which the Maker  shall  enter
into a firm  contract for the issuance of such Common Stock  Equivalent,  or (B)
the date of actual  issuance of such Common Stock  Equivalent.  No adjustment of
the applicable  Conversion  Price shall be made under this subsection (vii) upon
the  issuance  of any  Convertible  Security  which is  issued  pursuant  to the
exercise of any warrants or other  subscription or purchase rights therefor,  if
any  adjustment  shall  previously  have been made to the exercise price of such
warrants  then in effect  upon the  issuance of such  warrants  or other  rights
pursuant to this subsection (vii). No adjustment shall be made to the Conversion
Price upon the issuance of Common Stock pursuant to the exercise,  conversion or
exchange  of any  Convertible  Security  or  Common  Stock  Equivalent  where an
adjustment  to the  Conversion  Price  was made as a result of the  issuance  or
purchase of any Convertible Security or Common Stock Equivalent.

                           (viii) Consideration for Stock. In case any shares of
Common Stock or any Common Stock Equivalents shall be issued or sold:

                                    (1)  in   connection   with  any  merger  or
consolidation  in which the Maker is the surviving  corporation  (other than any
consolidation  or merger in which the  previously  outstanding  shares of Common
Stock of the  Maker  shall be  changed  to or  exchanged  for the stock or other
securities of another corporation),  the amount of consideration  therefor shall
be, deemed to be the fair value,  as determined  reasonably and in good faith by
the Board of Directors of the Maker,  of such portion of the assets and business
of the  nonsurviving  corporation as such Board may determine to be attributable
to such shares of Common Stock,  Convertible  Securities,  rights or warrants or
options, as the case may be; or

                           (2) in the  event of any  consolidation  or merger of
the Maker in which the Maker is not the  surviving  corporation  or in which the
previously outstanding shares of Common Stock of the Maker shall be changed into
or exchanged for the stock or other securities of another corporation, or in the
event of any sale of all or  substantially  all of the  assets  of the Maker for
stock or other securities of any corporation,  the Maker shall be deemed to have
issued a number of shares of its Common Stock for stock or  securities  or other
property of the other  corporation  computed on the basis of the actual exchange
ratio on which the transaction was predicated,  and for a consideration equal to
the  fair  market  value on the date of such  transaction  of all such  stock or
securities or other property of the other  corporation.  If any such calculation
results in  adjustment  of the  applicable  Conversion  Price,  or the number of
shares of Common Stock issuable upon conversion of the Notes, the  determination
of the  applicable  Conversion  Price or the  number of  shares of Common  Stock
issuable  upon  conversion  of the  Notes  immediately  prior  to  such  merger,
consolidation  or sale,  shall be made after giving effect to such adjustment of
the number of shares of Common Stock issuable upon  conversion of the Notes.  In
the event Common Stock is issued with other shares or securities or other assets

                                      -10-

<PAGE>

of the Maker for consideration which covers both, the consideration  computed as
provided in this Section  3.6(viii) shall be allocated among such securities and
assets as determined in good faith by the Board of Directors of the Maker.

         (b) Record Date.  In case the Maker shall take record of the holders of
its Common Stock for the purpose of entitling  them to subscribe for or purchase
Common Stock or  Convertible  Securities,  then the date of the issue or sale of
the shares of Common Stock shall be deemed to be such record date.

         (c)  Certain  Issues   Excepted.   Anything   herein  to  the  contrary
notwithstanding,  the Maker shall not be required to make any  adjustment to the
Conversion Price in connection with (i) securities  issued (other than for cash)
in connection  with a merger,  acquisition,  or  consolidation,  (ii) securities
issued pursuant to a bona fide firm underwritten  public offering of the Maker's
securities,  (iii)  securities  issued pursuant to the conversion or exercise of
convertible or excercisable  securities issued or outstanding on or prior to the
date hereof or issued  pursuant to the  Purchase  Agreement,  (iv) the shares of
Common Stock issuable upon the exercise of Warrants,  (v)  securities  issued in
connection with bona fide strategic license agreements,  partnering arrangements
or other  consulting  services so long as such issuances are not for the purpose
of raising  capital,  (vi)  Common  Stock  issued or the  issuance  or grants of
options or warrants to purchase Common Stock to any employer,  officer, director
or advisor of the Company for a period of two (2) years  following  the Issuance
Date so long as the  exercise  price of such options or warrants is greater than
$0.75,  (vii) any warrants  issued to the placement  agent and its designees for
the transactions  contemplated by the Purchase Agreement, and (viii) the payment
of any accrued  interest in shares of Common Stock  pursuant to this Note or the
Other Notes, and (ix) securities issued to CNET Networks, Inc.

         (d) No Impairment. The Maker shall not, by amendment of its Certificate
of   Incorporation   or  through   any   reorganization,   transfer  of  assets,
consolidation,  merger,  dissolution,  issue or sale of  securities or any other
voluntary action, avoid or seek to avoid the observance or performance of any of
the terms to be observed or performed  hereunder  by the Maker,  but will at all
times in good faith,  assist in the carrying out of all the  provisions  of this
Section  3.6  and in the  taking  of all  such  action  as may be  necessary  or
appropriate  in order to protect  the  Conversion  Rights of the Holder  against
impairment.  In the event a Holder  shall elect to convert any Notes as provided
herein,  the Maker cannot refuse  conversion based on any claim that such Holder
or any one  associated  or  affiliated  with such Holder has been engaged in any
violation  of law,  violation of an agreement to which such Holder is a party or
for any  reason  whatsoever,  unless,  an  injunction  from a court,  or notice,
restraining  and or  adjoining  conversion  of all or of said  Notes  shall have
issued and the Maker  posts a surety  bond for the  benefit of such Holder in an
amount equal to one hundred thirty percent (130%) of the amount of the Notes the
Holder has  elected to  convert,  which  bond shall  remain in effect  until the
completion  of  arbitration/litigation  of the dispute and the proceeds of which
shall be payable to such Holder (as liquidated  damages) in the event it obtains
judgment.

         (e) Certificates as to Adjustments.  Upon occurrence of each adjustment
or  readjustment  of the  Conversion  Price or number of shares of Common  Stock
issuable upon conversion of this Note pursuant to this Section 3.6, the Maker at
its expense shall promptly compute such adjustment or readjustment in accordance
with the terms hereof and furnish to the Holder a certificate setting forth such

                                      -11-

<PAGE>

adjustment  and  readjustment,  showing  in detail  the facts  upon  which  such
adjustment or  readjustment is based.  The Maker shall,  upon written request of
the Holder,  at any time,  furnish or cause to be furnished to the Holder a like
certificate  setting forth such  adjustments and  readjustments,  the applicable
Conversion Price in effect at the time, and the number of shares of Common Stock
and the amount,  if any, of other securities or property which at the time would
be received upon the conversion of this Note. Notwithstanding the foregoing, the
Maker shall not be obligated to deliver a  certificate  unless such  certificate
would  reflect an increase  or  decrease  of at least one  percent  (1%) of such
adjusted amount.

         (f) Issue Taxes. The Maker shall pay any and all issue and other taxes,
excluding  federal,  state or local income taxes, that may be payable in respect
of any issue or delivery of shares of Common  Stock on  conversion  of this Note
pursuant thereto;  provided,  however,  that the Maker shall not be obligated to
pay any transfer taxes  resulting  from any transfer  requested by the Holder in
connection with any such conversion.

         (g) Fractional  Shares.  No fractional  shares of Common Stock shall be
issued upon  conversion of this Note. In lieu of any fractional  shares to which
the Holder would  otherwise  be entitled,  the Maker shall pay cash equal to the
product of such fraction  multiplied by the average of the Closing Bid Prices of
the Common Stock for the five (5) consecutive Trading Days immediately preceding
the Conversion Date.

         (h) Reservation of Common Stock. The Maker shall at all times when this
Note shall be outstanding,  reserve and keep available out of its authorized but
unissued Common Stock,  such number of shares of Common Stock as shall from time
to time be  sufficient  to effect the  conversion  of this Note and all interest
accrued thereon;  provided that the number of shares of Common Stock so reserved
shall at no time be less than one hundred fifty percent  (150%) of the number of
shares of Common Stock for which this Note and all interest  accrued  thereon is
at any time  convertible.  The Maker shall, from time to time in accordance with
placeStateDelaware law, increase the authorized number of shares of Common Stock
if at any time the unissued number of authorized  shares shall not be sufficient
to satisfy the Maker's obligations under this Section 3.6(h).

         (i) Regulatory Compliance. If any shares of Common Stock to be reserved
for the  purpose of  conversion  of this Note or any  interest  accrued  thereon
require registration or listing with or approval of any governmental  authority,
stock  exchange  or other  regulatory  body  under any  federal  or state law or
regulation  or otherwise  before such shares may be validly  issued or delivered
upon  conversion,  the Maker shall, at its sole cost and expense,  in good faith
and as expeditiously as possible, endeavor to secure such registration,  listing
or approval, as the case may be.

         Section 3.7 Prepayment.

         (a) Omitted.

         (b) Prepayment Option Upon Major Transaction.  In addition to all other
rights of the Holder  contained  herein,  simultaneous  with the occurrence of a
Major  Transaction (as defined  below),  the Holder shall have the right, at the
Holder's option,  to require the Maker to prepay in cash all or a portion of the

                                      -12-

<PAGE>

Holder's  Notes at a price equal to one hundred  percent (100%) of the aggregate
principal  amount of this Note plus all accrued and unpaid  interest (the "Major
Transaction  Prepayment  Price");  provided that the Company shall have the sole
option to pay the Major Transaction Prepayment Price in cash or shares of Common
Stock.  If the  Holder  elects  to  receive  payment  of the  Major  Transaction
Prepayment  Price in shares of Common Stock,  the price per share shall be based
upon the  Conversion  Price  then in  effect  on the day  preceding  the date of
delivery of the Notice of Prepayment at Option of Holder Upon Major  Transaction
(as hereafter defined) and the Holder shall have demand registration rights with
respect to such shares.

         (c) Prepayment  Option Upon Triggering  Event. In addition to all other
rights of the Holder  contained  herein,  after a  Triggering  Event (as defined
below),  the Holder shall have the right, at the Holder's option, to require the
Maker to prepay  all or a portion  of this Note in cash at a price  equal to one
hundred percent (100%) of the aggregate  principal  amount of this Note plus all
accrued and unpaid  interest  (the  "Triggering  Event  Prepayment  Price," and,
collectively  with the  Major  Transaction  Prepayment  Price,  the  "Prepayment
Price").

         (d) Intentionally Omitted.

         (e) "Major  Transaction." A "Major Transaction" shall be deemed to have
occurred at such time as any of the following events:

                  (i) the consolidation, merger or other business combination of
         the Maker  with or into  another  Person (as  defined  in Section  4.13
         hereof) (other than (A) pursuant to a migratory  merger effected solely
         for the purpose of changing the  jurisdiction of  incorporation  of the
         Maker or (B) a consolidation,  merger or other business  combination in
         which  holders of the Maker's  voting  power  immediately  prior to the
         transaction  continue  after  the  transaction  to  hold,  directly  or
         indirectly,  the  voting  power of the  surviving  entity  or  entities
         necessary  to elect a majority of the members of the board of directors
         (or their  equivalent  if other than a  corporation)  of such entity or
         entities).

                  (ii) the sale or transfer of more than fifty  percent (50%) of
         the Maker's  assets  (based on the fair market value as  determined  in
         good faith by the Maker's Board of Directors)  other than  inventory in
         the  ordinary  course  of  business  in  one  or a  related  series  of
         transactions; or

                  (iii) closing of a purchase,  tender or exchange offer made to
         the holders of more than fifty percent (50%) of the outstanding  shares
         of  Common  Stock  in  which  more  than  fifty  percent  (50%)  of the
         outstanding shares of Common Stock were tendered and accepted.

         (f)  "Triggering  Event." A "Triggering  Event" shall be deemed to have
occurred at such time as any of the following events:

                  (i) so long as this Note is outstanding, if registration under
         Form S-8 is  unavailable to the Holder for sale of the shares of Common
         Stock,  and such  lapse or  unavailability  continues  for a period  of
         twenty (20)  consecutive  Trading Days,  and the shares of Common Stock
         into which the Holder's  Notes can be  converted  cannot be sold in the
         public  securities  market pursuant to Rule 144(k) under the Securities
         Act, provided that the cause of such lapse or unavailability is not due

                                      -13-

<PAGE>

         to factors primarily within the control of the Holder of the Notes; and
         provided further that a Triggering Event shall not have occurred if and
         to the extent the Maker  exercised its rights set forth in Section 3(n)
         of the Registration Rights Agreement;

                  (ii) the suspension from listing,  without  subsequent listing
         on any one of, or the  failure of the  Common  Stock to be listed on at
         least one of the OTC Bulletin Board,  the American Stock Exchange,  the
         Nasdaq  National  Market,  the Nasdaq  SmallCap  Market or The New York
         Stock  Exchange,  Inc.,  for a period of five (5)  consecutive  Trading
         Days;

                  (iii) the Maker's notice to any holder of the Notes, including
         by way of public announcement,  at any time, of its inability to comply
         (including  for any of the  reasons  described  in Section  3.8) or its
         intention  not to comply with proper  requests  for  conversion  of any
         Notes into shares of Common Stock; or

                  (iv) the Maker's  failure to comply with a  Conversion  Notice
         tendered in accordance with the provisions of this Note within ten (10)
         business days after the receipt by the Maker of the Conversion  Notice;
         or

                  (v) the Maker  deregisters its shares of Common Stock and as a
         result such shares of Common Stock are no longer publicly traded; or

                  (vi) the Maker  consummates a "going private"  transaction and
         as a result the Common  Stock is no longer  registered  under  Sections
         12(b) or 12(g) of the Exchange Act; or

                  (vii) the Maker  consummates an underwritten  public offering;
         or

                  (viii)  the  Maker  breaches  any  representation,   warranty,
         covenant or other term or  condition of the  Purchase  Agreement,  this
         Note or any other agreement,  document, certificate or other instrument
         delivered in connection with the transactions  contemplated  thereby or
         hereby, except to the extent that such breach would not have a Material
         Adverse Effect (as defined in the Purchase  Agreement)  and except,  in
         the case of a breach  of a  covenant  which  is  curable,  only if such
         breach continues for a period of a least ten (10) business days.

         (g) Intentionally Omitted.

         (h) Mechanics of Prepayment at Option of Holder Upon Major Transaction.
No sooner  than  fifteen  (15) days nor  later  than ten (10) days  prior to the
consummation of a Major Transaction, but not prior to the public announcement of
such Major  Transaction,  the Maker shall  deliver  written  notice  thereof via
facsimile and overnight courier ("Notice of Major Transaction") to the Holder of
this Note.  At any time after receipt of a Notice of Major  Transaction  (or, in
the event a Notice of Major  Transaction is not delivered at least ten (10) days
prior to a Major Transaction,  at any time within ten (10) days prior to a Major
Transaction),  any holder of the Notes then outstanding may require the Maker to
prepay,   effective   immediately  prior  to  the  consummation  of  such  Major
Transaction,  all of the holder's Notes then  outstanding by delivering  written
notice  thereof via facsimile and  overnight  courier  ("Notice of Prepayment at
Option  of  Holder  Upon  Major  Transaction")  to the  Maker,  which  Notice of
Prepayment  at Option of Holder Upon Major  Transaction  shall  indicate (i) the

                                      -14-

<PAGE>

principal  amount of the Notes that such holder is electing to have  prepaid and
(ii) the applicable Major Transaction  Prepayment Price, as calculated  pursuant
to Section 3.7(b) above.

         (i) Mechanics of Prepayment at Option of Holder Upon Triggering  Event.
Within two (2) business  days after the  occurrence of a Triggering  Event,  the
Maker shall deliver  written notice thereof via facsimile and overnight  courier
("Notice of  Triggering  Event") to each holder of the Notes.  At any time after
the  earlier of a  holder's  receipt  of a Notice of  Triggering  Event and such
holder  becoming  aware of a Triggering  Event,  any holder of this Note and the
Other Notes then outstanding may require the Maker to prepay all of the Notes on
a pro rata  basis  by  delivering  written  notice  thereof  via  facsimile  and
overnight  courier  ("Notice of Prepayment  at Option of Holder Upon  Triggering
Event")  to the  Maker,  which  Notice of  Prepayment  at Option of Holder  Upon
Triggering  Event shall  indicate (i) the amount of the Note that such holder is
electing to have prepaid and (ii) the  applicable  Triggering  Event  Prepayment
Price,  as calculated  pursuant to Section  3.7(c) above. A holder shall only be
permitted to require the Maker to prepay the Note pursuant to Section 3.7 hereof
for the  greater of a period of ten (10) days after  receipt by such holder of a
Notice  of  Triggering  Event  or  for so  long  as  such  Triggering  Event  is
continuing.

         (j)  Payment  of  Prepayment  Price.  Upon  the  Maker's  receipt  of a
Notice(s) of Prepayment at Option of Holder Upon Triggering Event or a Notice(s)
of Prepayment at Option of Holder Upon Major  Transaction from any holder of the
Notes, the Maker shall immediately  notify each holder of the Notes by facsimile
of the Maker's  receipt of such Notice(s) of Prepayment at Option of Holder Upon
Triggering  Event or  Notice(s)  of  Prepayment  at Option of Holder  Upon Major
Transaction  and each holder which has sent such a notice shall promptly  submit
to the Maker such holder's certificates representing the Notes which such holder
has elected to have prepaid.  The Maker shall deliver the applicable  Triggering
Event  Prepayment  Price to such holder  within five (5) business days after the
Maker's  receipt of a Notice of Prepayment  at Option of Holder Upon  Triggering
Event and, in the case of a  prepayment  pursuant to Section  3.7(h),  the Maker
shall deliver the applicable  Major  Transaction  Prepayment  Price  immediately
prior to the  consummation  of the Major  Transaction;  provided that a holder's
original Note shall have been so delivered to the Maker;  provided  further that
if the Maker is unable to prepay all of the Notes to be prepaid, the Maker shall
prepay an amount  from each  holder  of the Notes  being  prepaid  equal to such
holder's  pro-rata  amount  (based on the  number of Notes  held by such  holder
relative to the number of Notes outstanding) of all Notes being prepaid.  If the
Maker shall fail to prepay all of the Notes submitted for prepayment (other than
pursuant to a dispute as to the arithmetic calculation of the Prepayment Price),
in  addition to any remedy such holder of the Notes may have under this Note and
the Purchase  Agreement,  the applicable  Prepayment Price payable in respect of
such Notes not prepaid  shall bear  interest at the rate of two percent (2%) per
month  (prorated for partial  months)  until paid in full.  Until the Maker pays
such  unpaid  applicable  Prepayment  Price  in full to a  holder  of the  Notes
submitted for prepayment,  such holder shall have the option (the "Void Optional
Prepayment  Option")  to, in lieu of  prepayment,  require the Maker to promptly
return to such  holder(s) all of the Notes that were submitted for prepayment by
such holder(s)  under this Section 3.7 and for which the  applicable  Prepayment
Price has not been paid,  by  sending  written  notice  thereof to the Maker via
facsimile (the "Void Optional Prepayment  Notice").  Upon the Maker's receipt of
such  Void  Optional  Prepayment  Notice(s)  and  prior to  payment  of the full
applicable  Prepayment Price to such holder,  (i) the Notice(s) of Prepayment at
Option of Holder Upon Triggering  Event or the Notice(s) of Prepayment at Option

                                      -15-

<PAGE>

of Holder  Upon Major  Transaction,  as the case may be,  shall be null and void
with  respect  to  those  Notes  submitted  for  prepayment  and for  which  the
applicable  Prepayment Price has not been paid, (ii) the Maker shall immediately
return any Notes submitted to the Maker by each holder for prepayment under this
Section 3.7(j) and for which the applicable  Prepayment  Price has not been paid
and (iii) the  Conversion  Price of such returned Notes shall be adjusted to the
lesser  of (A) the  Conversion  Price as in effect on the date on which the Void
Optional  Prepayment  Notice(s)  is  delivered  to the Maker and (B) the  lowest
Closing Bid Price during the period beginning on the date on which the Notice(s)
of  Prepayment  of Option of Holder Upon Major  Transaction  or the Notice(s) of
Prepayment  at Option of Holder Upon  Triggering  Event,  as the case may be, is
delivered  to the  Maker  and  ending  on the  date on which  the Void  Optional
Prepayment  Notice(s)  is delivered to the Maker;  provided  that no  adjustment
shall be made if such  adjustment  would result in an increase of the Conversion
Price then in effect. A holder's  delivery of a Void Optional  Prepayment Notice
and  exercise of its rights  following  such notice shall not effect the Maker's
obligations  to make any payments  which have accrued  prior to the date of such
notice.  Payments  provided  for in this  Section  3.7 shall  have  priority  to
payments to other stockholders in connection with a Major Transaction.

         (k)  Maker  Prepayment  Option.  Upon the Maker  receiving  a written a
Notice of Conversion from the Holder, the Maker shall have five (5) Trading Days
following  receipt of the Notice of Conversion to provide  written notice to the
Holder  of its  intention  to prepay  in cash all of the  outstanding  principal
amount of this Note together with all accrued and unpaid  interest  thereon (the
"Maker's  Prepayment  Notice") at a price equal to one  hundred  twenty  percent
(1020%) of the  aggregate  principal  amount of this Note plus any  accrued  but
unpaid interest (the "Maker's  Prepayment  Price").  The Maker shall have thirty
(30) days to deliver the Maker's  Prepayment  Price to the Holder  during  which
time the  Holder  shall  not  convert  this Note  into  shares of Common  Stock;
provided,  however,  that if during the period  between  delivery of the Maker's
Prepayment Notice and the Maker's Prepayment Date (as defined below), the Holder
shall become entitled to deliver a Notice of Prepayment at Option of Holder Upon
Major  Transaction  or Notice of Prepayment at Option of Holder upon  Triggering
Event,  then the such  rights  of the  Holder  shall  take  precedence  over the
previously  delivered Maker Prepayment  Notice.  The Maker's  Prepayment  Notice
shall state the date of  prepayment  which date shall be within thirty (30) days
after the Maker has  delivered  the  Maker's  Prepayment  Notice  (the  "Maker's
Prepayment  Date"),  the Maker's  Prepayment  Price and the principal  amount of
Notes plus any accrued but unpaid interest to be prepaid by the Maker. The Maker
shall deliver the Maker's Prepayment Price on or prior to the Maker's Prepayment
Date.  If the Maker  fails to pay the  Maker's  Prepayment  Price by the Maker's
Prepayment  Date, the prepayment will be declared null and void, the Maker shall
lose its right to serve a Maker's  Prepayment  Notice  pursuant to this  Section
3.7(k) in the future.

         Section 3.8 Inability to Fully Convert.

         (a) Holder's Option if Maker Cannot Fully Convert. If, upon the Maker's
receipt of a  Conversion  Notice,  the Maker cannot issue shares of Common Stock
registered  for  resale  under from S-8 or other  form of  registration  for any
reason,  including,  without  limitation,  because the Maker (w) does not have a
sufficient  number of shares of Common Stock  authorized and available or (x) is
otherwise  prohibited by applicable  law or by the rules or  regulations  of any
stock  exchange,   interdealer   quotation   system  or  other   self-regulatory
organization  with  jurisdiction  over the Maker or any of its  securities  from

                                      -16-

<PAGE>

issuing all of the Common Stock which is to be issued to the Holder  pursuant to
a Conversion  Notice,  then the Maker shall issue as many shares of Common Stock
as it is able to issue in accordance  with the Holder's  Conversion  Notice and,
with  respect to the  unconverted  portion of this Note,  the Holder,  solely at
Holder's option, can elect to:

                  (i) require the Maker to prepay that  portion of this Note for
which the Maker is unable to issue Common Stock in accordance  with the Holder's
Conversion Notice (the "Mandatory Prepayment") at a price per share equal to the
Triggering  Event  Prepayment  Price as of such  Conversion Date (the "Mandatory
Prepayment Price");

                  (ii) if the Maker's  inability to fully convert is pursuant to
Section 3.8(a)(x) above,  require the Maker to issue restricted shares of Common
Stock in accordance with such holder's Conversion Notice;

                  (iii) void its Conversion  Notice and retain or have returned,
as the  case  may  be,  this  Note  that  was to be  converted  pursuant  to the
Conversion  Notice  (provided that the Holder's  voiding its  Conversion  Notice
shall not effect the Maker's obligations to make any payments which have accrued
prior to the date of such notice);

                  (iv) exercise its Buy-In rights  pursuant to and in accordance
with the terms and provisions of Section 3.3(c) of this Note.

In the  event a Holder  shall  elect to  convert  any  portion  of its  Notes as
provided herein, the Maker cannot refuse conversion based on any claim that such
Holder or any one associated or affiliated  with such Holder has been engaged in
any violation of law,  violation of an agreement to which such Holder is a party
or for any reason  whatsoever,  unless,  an injunction  from a court, on notice,
restraining and or adjoining  conversion of all or of said Notes shall have been
issued and the Maker  posts a surety  bond for the  benefit of such Holder in an
amount equal to 130% of the principal amount of the Notes the Holder has elected
to  convert,  which  bond  shall  remain  in  effect  until  the  completion  of
arbitration/litigation of the dispute and the proceeds of which shall be payable
to such Holder in the event it obtains judgment.

         (b)  Mechanics  of  Fulfilling  Holder's  Election.   The  Maker  shall
immediately  send via facsimile to the Holder,  upon receipt of a facsimile copy
of a  Conversion  Notice  from the Holder  which  cannot be fully  satisfied  as
described in Section  3.8(a) above,  a notice of the Maker's  inability to fully
satisfy the Conversion  Notice (the "Inability to Fully Convert  Notice").  Such
Inability to Fully Convert Notice shall indicate (i) the reason why the Maker is
unable to fully satisfy such holder's Conversion Notice, (ii) the amount of this
Note which cannot be converted  and (iii) the  applicable  Mandatory  Prepayment
Price.  The Holder shall  notify the Maker of its  election  pursuant to Section
3.8(a) above by delivering written notice via facsimile to the Maker ("Notice in
Response to Inability to Convert").

         (c) Payment of Prepayment  Price. If the Holder shall elect to have its
Notes  prepaid  pursuant  to Section  3.8(a)(i)  above,  the Maker shall pay the
Mandatory  Prepayment Price to the Holder within thirty (30) days of the Maker's
receipt of the Holder's  Notice in Response to  Inability  to Convert,  provided
that  prior to the  Maker's  receipt  of the  Holder's  Notice  in  Response  to

                                      -17-

<PAGE>

Inability to Convert the Maker has not delivered a notice to the Holder stating,
to the satisfaction of the Holder,  that the event or condition resulting in the
Mandatory  Prepayment has been cured and all Conversion  Shares  issuable to the
Holder can and will be delivered to the Holder in  accordance  with the terms of
this Note. If the Maker shall fail to pay the  applicable  Mandatory  Prepayment
Price to the  Holder  on the date that is one (1)  business  day  following  the
Maker's  receipt of the  Holder's  Notice in  Response to  Inability  to Convert
(other than  pursuant  to a dispute as to the  determination  of the  arithmetic
calculation of the Prepayment  Price),  in addition to any remedy the Holder may
have under this Note and the Purchase  Agreement,  such unpaid amount shall bear
interest at the rate of two percent (2%) per month (prorated for partial months)
until paid in full. Until the full Mandatory Prepayment Price is paid in full to
the Holder,  the Holder may (i) void the  Mandatory  Prepayment  with respect to
that portion of the Note for which the full Mandatory  Prepayment  Price has not
been paid,  (ii) receive back such Note,  and (iii) require that the  Conversion
Price of such  returned  Note be  adjusted  to the lesser of (A) the  Conversion
Price  as in  effect  on the date on  which  the  Holder  voided  the  Mandatory
Prepayment and (B) the lowest  Closing Bid Price during the period  beginning on
the  Conversion  Date and  ending on the date the Holder  voided  the  Mandatory
Prepayment.

         (d) Pro-rata Conversion and Prepayment. In the event the Maker receives
a  Conversion  Notice from more than one holder of the Notes on the same day and
the Maker can convert  and prepay  some,  but not all, of the Notes  pursuant to
this  Section  3.8,  the Maker shall  convert and prepay from each holder of the
Notes  electing to have its Notes  converted  and prepaid at such time an amount
equal to such holder's  pro-rata  amount  (based on the principal  amount of the
Notes  held by  such  holder  relative  to the  principal  amount  of the  Notes
outstanding) of all the Notes being converted and prepaid at such time.

         Section 3.9 No Rights as  Shareholder.  Nothing  contained in this Note
shall be construed as  conferring  upon the Holder,  prior to the  conversion of
this Note, the right to vote or to receive dividends or to consent or to receive
notice as a  shareholder  in respect  of any  meeting  of  shareholders  for the
election of directors of the Maker or of any other  matter,  or any other rights
as a shareholder of the Maker.

                                   ARTICLE IV

                                  MISCELLANEOUS
                                  -------------

         Section 4.1  Notices.  Any  notice,  demand,  request,  waiver or other
communication  required or permitted to be given  hereunder  shall be in writing
and shall be  effective  (a) upon hand  delivery,  telecopy or  facsimile at the
address or number  designated  in the  Purchase  Agreement  (if  delivered  on a
business day during normal  business hours where such notice is to be received),
or the first business day following such delivery (if delivered  other than on a
business day during normal  business  hours where such notice is to be received)
or (b) on the  second  business  day  following  the date of  mailing by express
courier  service,  fully  prepaid,  addressed  to such  address,  or upon actual
receipt  of such  mailing,  whichever  shall  first  occur.  The Maker will give
written  notice to the  Holder at least ten (10) days prior to the date on which
the Maker takes a record (x) with respect to any dividend or  distribution  upon
the Common Stock, (y) with respect to any pro rata subscription offer to holders
of  Common  Stock or (z) for  determining  rights to vote  with  respect  to any

                                      -18-

<PAGE>

Organic  Change,  dissolution,  liquidation  or winding-up and in no event shall
such  notice be provided to such  holder  prior to such  information  being made
known to the public.  The Maker will also give  written  notice to the Holder at
least ten (10) days prior to the date on which any Organic Change,  dissolution,
liquidation  or winding-up  will take place and in no event shall such notice be
provided to the Holder prior to such information being made known to the public.
The Maker shall  promptly  notify the Holder of this Note of any notices sent or
received, or any actions taken with respect to the Other Notes.

         Section 4.2 Governing Law. This Note shall be governed by and construed
in accordance with the internal laws of the State of placeStateNew York, without
giving  effect to any of the conflicts of law  principles  which would result in
the application of the substantive law of another jurisdiction.  This Note shall
not be interpreted or construed with any  presumption  against the party causing
this Note to be drafted.

         Section 4.3  Headings.  Article  and section  headings in this Note are
included  herein for purposes of  convenience  of  reference  only and shall not
constitute a part of this Note for any other purpose.

         Section 4.4 Remedies,  Characterizations,  Other Obligations,  Breaches
and Injunctive  Relief.  The remedies  provided in this Note shall be cumulative
and in addition to all other  remedies  available  under this Note, at law or in
equity (including,  without limitation,  a decree of specific performance and/or
other injunctive relief), no remedy contained herein shall be deemed a waiver of
compliance  with the  provisions  giving rise to such remedy and nothing  herein
shall  limit a holder's  right to pursue  actual  damages for any failure by the
Maker to comply with the terms of this Note.  Amounts set forth or provided  for
herein with respect to payments,  conversion  and the like (and the  computation
thereof)  shall be the amounts to be  received  by the holder  thereof and shall
not, except as expressly  provided herein, be subject to any other obligation of
the Maker (or the performance thereof).  The Maker acknowledges that a breach by
it of its obligations  hereunder will cause irreparable and material harm to the
Holder  and  that  the  remedy  at law for any such  breach  may be  inadequate.
Therefore  the Maker agrees that,  in the event of any such breach or threatened
breach, the Holder shall be entitled,  in addition to all other available rights
and remedies,  at law or in equity,  to seek and obtain such  equitable  relief,
including  but not  limited  to an  injunction  restraining  any such  breach or
threatened  breach,  without the necessity of showing  economic loss and without
any bond or other security being required.

         Section 4.5 Enforcement Expenses. The Maker agrees to pay all costs and
expenses of enforcement of this Note, including, without limitation,  reasonable
attorneys' fees and expenses.

         Section 4.6 Binding Effect. The obligations of the Maker and the Holder
set forth herein shall be binding upon the  successors  and assigns of each such
party,  whether or not such  successors  or assigns are  permitted  by the terms
hereof.

         Section 4.7 Amendments. This Note may not be modified or amended in any
manner except in writing executed by the Maker and the Holder.

                                      -19-

<PAGE>

         Section 4.8 Compliance  with  Securities  Laws. The Holder of this Note
acknowledges  that this  Note is being  acquired  solely  for the  Holder's  own
account and not as a nominee for any other party,  and for investment,  and that
the Holder shall not offer,  sell or otherwise  dispose of this Note.  This Note
and any Note issued in substitution or replacement  therefor shall be stamped or
imprinted with a legend in substantially the following form:

                  "THIS  NOTE AND THE  SHARES  OF  COMMON  STOCK  ISSUABLE  UPON
                  CONVERSION   HEREOF  HAVE  NOT  BEEN   REGISTERED   UNDER  THE
                  SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"),  OR APPLICABLE
                  STATE  SECURITIES  LAWS, AND MAY NOT BE SOLD OR TRANSFERRED IN
                  THE ABSENCE OF SUCH REGISTRATION OR RECEIPT BY THE MAKER OF AN
                  OPINION OF COUNSEL IN THE FORM, SUBSTANCE AND SCOPE REASONABLY
                  SATISFACTORY  TO THE MAKER  THAT  THIS NOTE AND THE  SHARES OF
                  COMMON STOCK ISSUABLE UPON CONVERSION HEREOF HAVE MAY BE SOLD,
                  TRANSFERRED,  HYPOTHECATED OR OTHERWISE  DISPOSED OF, UNDER AN
                  EXEMPTION  FROM  REGISTRATION  UNDER  THE ACT AND  SUCH  STATE
                  SECURITIES LAWS."

         Section 4.9 Consent to  Jurisdiction.  Each of the Maker and the Holder
(i) hereby  irrevocably  submits  to the  exclusive  jurisdiction  of the United
States  District  Court  sitting in the  Southern  District  of New York and the
courts of the State of New York  located in New York county for the  purposes of
any suit, action or proceeding  arising out of or relating to this Note and (ii)
hereby waives,  and agrees not to assert in any such suit, action or proceeding,
any claim that it is not personally  subject to the  jurisdiction of such court,
that the suit, action or proceeding is brought in an inconvenient  forum or that
the venue of the suit,  action or proceeding is improper.  Each of the Maker and
the  Holder  consents  to  process  being  served  in any such  suit,  action or
proceeding  by mailing a copy thereof to such party at the address in effect for
notices to it under the Purchase  Agreement  and agrees that such service  shall
constitute good and sufficient service of process and notice thereof. Nothing in
this Section 4.9 shall  affect or limit any right to serve  process in any other
manner  permitted by law. Each of the Maker and the Holder hereby agree that the
prevailing party in any suit, action or proceeding arising out of or relating to
this Note shall be entitled to reimbursement  for reasonable legal fees from the
non-prevailing party.

         Section  4.10  Parties in  Interest.  This Note shall be binding  upon,
inure to the benefit of and be  enforceable  by the Maker,  the Holder and their
respective successors and permitted assigns.

         Section 4.11 Failure or Indulgence  Not Waiver.  No failure or delay on
the  part of the  Holder  in the  exercise  of any  power,  right  or  privilege
hereunder  shall  operate as a waiver  thereof,  nor shall any single or partial
exercise  of any  such  power,  right or  privilege  preclude  other or  further
exercise thereof or of any other right, power or privilege.

                                      -20-

<PAGE>

         Section 4.12 Maker Waivers.  Except as otherwise  specifically provided
herein,  the Maker and all others that may become  liable for all or any part of
the obligations evidenced by this Note, hereby waive presentment, demand, notice
of nonpayment, protest and all other demands' and notices in connection with the
delivery,  acceptance,  performance  and enforcement of this Note, and do hereby
consent to any number of renewals of  extensions  of the time or payment  hereof
and agree that any such renewals or extensions may be made without notice to any
such persons and without affecting their liability herein and do further consent
to the release of any person liable hereon,  all without affecting the liability
of the other persons, firms or Maker liable for the payment of this Note, AND DO
HEREBY WAIVE TRIAL BY JURY.

         (a) No delay or  omission on the part of the Holder in  exercising  its
rights under this Note, or course of conduct relating hereto, shall operate as a
waiver of such rights or any other right of the Holder,  nor shall any waiver by
the Holder of any such right or rights on any one occasion be deemed a waiver of
the same right or rights on any future occasion.

         (b) THE MAKER ACKNOWLEDGES THAT THE TRANSACTION OF WHICH THIS NOTE IS A
PART IS A COMMERCIAL  TRANSACTION,  AND TO THE EXTENT ALLOWED BY APPLICABLE LAW,
HEREBY  WAIVES ITS RIGHT TO NOTICE AND HEARING WITH  RESPECT TO ANY  PREJUDGMENT
REMEDY WHICH THE HOLDER OR ITS SUCCESSORS OR ASSIGNS MAY DESIRE TO USE.

         Section 4.13 Definitions.  For the purposes hereof, the following terms
shall have the following meanings:

         "Person"  means an individual  or a  corporation,  partnership,  trust,
incorporated or  unincorporated  association,  joint venture,  limited liability
company, joint stock company,  government (or an agency or political subdivision
thereof) or other entity of any kind.

         "Trading  Day" means (a) a day on which the  Common  Stock is traded on
the OTC  Bulletin  Board,  or (b) if the  Common  Stock is not traded on the OTC
Bulletin   Board,   a  day  on  which  the   Common   Stock  is  quoted  in  the
over-the-counter   market  as  reported  by  the   National   Quotation   Bureau
Incorporated (or any similar  organization or agency succeeding its functions of
reporting prices); provided, however, that in the event that the Common Stock is
not listed or quoted as set forth in (a) or (b) hereof,  then  Trading Day shall
mean any day except Saturday,  Sunday and any day which shall be a legal holiday
or a day on which banking  institutions  in the State of New York are authorized
or required by law or other government action to close.

                                FINANCIALCONTENT, INC.

                                By:  /s/ Wing Yu
                                     --------------------------
                                     Name: Wing Yu
                                     Title:   CEO

                                      -21-

<PAGE>

                                    EXHIBIT A

                                WIRE INSTRUCTIONS

Payee: _______________________________________________________

Bank:  _______________________________________________________

Address: _____________________________________________________

            --------------------------------------------------

Bank No.: ____________________________________________________

Account No.:  ________________________________________________

Account Name: ________________________________________________

                                      -22-

<PAGE>

                                     FORM OF

                              NOTICE OF CONVERSION

           (To be Executed by the Holder in order to Convert the Note)

The undersigned hereby  irrevocably elects to convert $ ________________  of the
principal  amount of the above  Note  No._____  into  shares of Common  Stock of
FinancialContent,  Inc. (the "Maker")  according to the conditions hereof, as of
the date written below.

Date of Conversion _______________________________________________________

Applicable Conversion Price ______________________________________________

Number of shares of Common Stock beneficially owned or deemed beneficially owned
by the Holder on the Date of Conversion: _________________________

Signature_________________________________________________________

         [Name]

Address:__________________________________________________________

        __________________________________________________________

                                      -23-exh10-5_lease.htm

     

    
      

      

    

     

     

     

     

     

     

     

     

     

    EXHIBIT
      10.5

     

    LEASE
      AGREEMENT DATED MAY 24, 2007

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    LEASE
      AGREEMENT

     

    THIS
      LEASE AGREEMENT (the “Lease”), made as of the 24th day of
May, 2007, by and between Denver West Office Leasing
      Company, a Colorado
      limited liability company (herein called “Landlord”), and V2K
      WINDOW FASHIONS, INC., a ColoradoCorp., d/b/a _____________, (herein
      called “Tenant”).

     

    WITNESSETH:

     

    ARTICLE
      I

     

    

     

    DEFINITIONS,
      GRANT, TERM

     

    Section
      1.01.  DEFINITIONS.  In
      addition to the terms defined elsewhere in this Lease, the following terms
      shall
      have the following meanings:

     

    “Base
      Rent” – The initial Base Rent shall be calculated by multiplying the
      Net Rentable Area by the following rates for the respective periods of the
      Lease
      as follows:

     

    
      	
              PERIOD

               

               

            	
              $/SQUARE
                FOOT/YEAR

               

               

            	 
	
              July
                1, 2007 – December 31, 2007

            	
              $0.00/RSF

            	 
	
              January
                1, 2008 – December 31, 2008

            	
              $15.50/RSF

            	 
	
              January
                1, 2009 – December 31, 2009

            	
              $16.00/RSF

            	 
	
              January
                1, 2010 – December 31, 2010

            	
              $16.50/RSF

            	 
	
              January
                1, 2011 – December 31, 2011

            	
              $17.00/RSF

            	 
	
              January
                1, 2012 – December 31, 2012

            	
              $17.50/RSF

            	 

    

     

    “Base
      Year” – The Base Year shall be calendar year 2007.

     

    “Building”
      The building known as Building 1, located in the Project and having a physical
      address of 13949 West Colfax Avenue, Lakewood,
      Colorado  80401.

     

    “BuildingNet
      Rentable Area” – 41,599 SF

     

    “Expiration
      Date” – December 31, 2012

     

    “Guarantor”
      –   NONE

     

    “Landlord’s
      Broker” –  CB Richard Ellis, 4600 S. Syracuse Street, Suite
      100, Denver, CO 80237

     

    “Landlord’s
      Notice Address” – 1546 Cole Boulevard, Suite 200, Lakewood, Colorado
      80401.

     

    “Landlord
      Payment Address” – Denver West Office Leasing, LLC, P.O. Box 974911,
      Dallas, TX 75397-4911.

    
      
        
          02-137296.3                    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    “Landlord’s
      Taxpayer ID Number” – 84-1598412

     

    “Lease
      Commencement Date” – July 1, 2007.

     

     “Premises”
      – The office space known as Suite 250, in the Building, containing approximately
      10,857 net rentable square feet (“Net Rentable Area”), as more particularly
      described on the floor plan attached as Exhibit A and incorporated herein by
      this reference.

     

    “Rent
      Commencement Date” – Except as modified herein, the Rent Commencement
      date shall be January 1, 2008.

     

    “Security
      Deposit” – Fifteen Thousand Eight Hundred Thirty-four & 00/100
      Dollars ($15,834.00) deposited by Tenant with Landlord pursuant to Section
      8.01
      to secure Tenant’s obligations hereunder.

     

    “Tenant’s
      Notice Address”– 13949 West Colfax Avenue, Suite 250, Lakewood, CO
      80401

     

    “Tenant’s
      Broker” – Randy Lewis, Frederick Ross Company, 717 17th
      Street, Suite
      2000, Denver, CO 80202

     

    “Tenant’s
      Share” –  26.09%.  Tenant shall be responsible for
      its pro-rata share of increased operating expenses and taxes over the Base
      Year
      in accordance with Section 3.04.

     

    “Tenant’s
      Taxpayer ID Number”–  84-1356206

     

    “Tenant’s
      Work Allowance”– Tenant shall receive a Tenant Work Allowance, in the
      amount of $10.00/RSF as set forth in Rider 5.01.

     

    Section
      1.02.  PREMISES.  Tenant
      acknowledges and understands that Landlord is the ground lessee (and an
      affiliate of the ground lessor) of the Building and the office park known as
      Denver West Office Park, located in Lakewood, Colorado (the “Project”), which
      includes the Building, pursuant to one or more ground leases dated October
      1,
      2001 (collectively, the “Ground Lease”) between Landlord, as ground lessee, and
      the owners of the fee estate in the Project, collectively as ground lessor
      (the
“Ground Lessor”).  In consideration of the rents,
      covenants and agreements of this Lease to be observed and performed by the
      Tenant, Landlord demises and leases to Tenant, and Tenant rents from Landlord
      the Premises together with any improvements, rights-of-way, easements and any
      other rights, if any, appurtenant thereto, however, excepting and reserving
      to
      Landlord and/or the Ground Lessor the underlying land and the right to install,
      maintain, use or repair and replace within the Premises such pipes, pipe clean
      out, conduits, ducts, wires, meters, electric panels, utility rooms or closets,
      and any other materials or facilities located in or passing through the Premises
      which serve parts of the Project or Building.

     

    Section
      1.03.  COMMENCEMENT
      AND ENDING DATE OF TERM.  The term of this Lease (the “Lease
      Term”) shall commence on the Lease Commencement Date and expire on the
      Expiration Date, and Tenant’s obligation to pay Base Rent and Additional Rent
      hereunder

     

    
      
        
          2

          02-137296.3                    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Section
      1.04.  shall
      commence on the Rent Commencement Date.  In the event that for any
      reason Landlord is unable to deliver any portion of the Premises with any
      improvements to be provided by Landlord substantially completed, Landlord shall
      not be liable for any damage thereby nor shall such inability affect the
      validity of this Lease or the obligations of Tenant hereunder, but in such
      case,
      if such delay is caused other than by Tenant Delays (as defined hereafter),
      Tenant shall not be obligated to pay rent or other monetary sums until the
      date
      possession is tendered with such improvements substantially completed and the
      Rent Commencement Date shall be delayed until such date and the Expiration
      Date
      of the Lease Term shall be extended by the period of time computed from the
      scheduled Rent Commencement Date to the date possession is
      tendered.  In the event that Landlord shall not have delivered
      possession of the Premises within three (3) months after the scheduled Rent
      Commencement Date for any reason other than delays caused by Tenant or delay
      caused by an event of force majeure, Tenant may elect to terminate this Lease
      by
      written notice delivered to Landlord not later than thirty (30) days following
      the end of said three (3) month period.  The foregoing election to
      terminate and rental abatement (and related delay in the Rent Commencement
      Date
      as provided herein) shall be Tenant’s sole remedy for any delay by Landlord in
      delivering the Premises or delay in completion of any Landlord
      improvements.  If this Lease is terminated in accordance with the
      foregoing provisions, Landlord shall return any monies previously deposited
      by
      Tenant and the parties shall have no further rights or liabilities toward each
      other.  Landlord and Tenant agree to mutually execute a letter
      (“Commencement Letter”) in form substantially similar to the letter attached
      hereto as Exhibit “C” memorializing the Lease Commencement Date, Rent
      Commencement Date, and Lease Expiration Date.

     

    ARTICLE
      II

     

    USE

     

    Section
      2.01.  USE.  Unless
      otherwise approved in writing by Landlord (which approval may be withheld in
      Landlord’s sole discretion), the Premises shall be used and
      occupied by Tenant for general office, non-laboratory research and storage
      purposes, training classes and for no other purpose.

     

    Section
      2.02.  SUITABILITY.  Tenant
      acknowledges that neither Landlord nor any agent of Landlord has made any
      representation or warranty with respect to the Premises or the Building or
      with
      respect to the suitability of either for the conduct of Tenant’s business, nor
      has Landlord agreed to undertake any modification, alteration or improvement
      to
      the Premises except as expressly provided in this Lease.

     

    Section
      2.03.  USES
      PROHIBITED.  Tenant shall not do or permit anything to be
      done in or about the Premises, which will in any way increase the existing
      rate
      of, or affect, any fire or other insurance upon the Building or cause a
      cancellation of any insurance policy covering the Building, or generate a high
      traffic flow into the Building.

     

    
      
        
          3

          02-137296.3                    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      III

     

    RENT

     

    Section
      3.01.  BASE
      RENT; ADJUSTMENTS.  Commencing on the Rent Commencement Date
      and on the first day of each calendar month thereafter during the Lease Term,
      Tenant agrees to pay to Landlord in advance and without any prior notice or
      demand therefore and without any deduction or set-off whatsoever, monthly
      installments of the Base Rent as set forth in Section 1.01, together with such
      increases and adjustment as are provided for herein.  If the Rent
      Commencement Date shall commence upon a day other than the first day of a
      calendar month, then Tenant shall pay, upon the Rent Commencement Date, a pro
      rata portion of the applicable Base Rent, prorated on a per diem basis from
      the
      Rent Commencement Date through the end of the month in which it
      occurs.  If the Expiration Date shall occur upon a day other than the
      last day of a calendar month, then Tenant shall pay, upon the first day of
      the
      last month of the Lease Term, a pro rata portion of the applicable Base Rent,
      prorated on a per diem basis through the Expiration Date.  The first
      full month’s Base Rent shall be paid to Landlord upon the execution of this
      Lease by the parties.

     

    Section
      3.02.  ADDITIONAL
      RENT.  All sums other than Base Rent
      payable by Tenant under this Lease shall be payable, and referred to in this
      Lease, as “Additional Rent” and shall be payable on the date that Base Rent is
      due pursuant to Section 3.01 unless other payment dates are set forth
      herein.  Landlord shall have the same rights and remedies with respect
      to the failure by Tenant to pay Additional Rent as Landlord has with respect
      to
      the failure by Tenant to pay Base Rent. Nothing herein
      contained shall be deemed to suspend or delay the payment of any amount of
      money
      or charge at the time the same becomes due and payable hereunder, or limit
      any
      other remedy of Landlord.

     

                  
      Section 3.03.  OPERATING
      EXPENSES.  Tenant shall pay in advance, as Additional Rent
      for the Premises and the Building, during each calendar year, or part thereof,
      after the Base Year an amount equal to Tenant’s Share of the total dollar
      increase, if any, in Operating Expenses (as defined below) paid or incurred
      by
      Landlord in excess of the Base Year Operating Expenses, in the amounts and
      on
      the dates described in Section 3.04.

     

    (a)  Maintenance
      and Operating Costs.  The term “Operating Expenses” shall
      mean the aggregate of those costs and expenses paid or incurred by or on behalf
      of Landlord (whether directly or through independent contractors) relating
      to
      the ownership, maintenance and operation of the Building and the Project
      (including any of the same payable by Landlord under the Ground Lease) and
      necessary, in the reasonable judgment of Landlord, to maintain and operate
      an
      office building.  Without limiting the generality of the foregoing,
      Operating Expenses shall include the items described in Rider 3.04 attached
      hereto and made a part hereof.

     

    (b)  Adjustments
      For Area Changes and Variable Costs.  In the event of a
      change in the net rentable area of the Premises or the net rentable area of
      the
      Building, then Tenant’s Share of Operating Expenses shall be recalculated
      accordingly.  Tenant’s Share of the Operating Expenses shall be
      calculated at all times as though 95% of the building is occupied, regardless
      of
      the actual occupancy rate.

     

    
      
        
          4

          02-137296.3                    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (c)  Separate
      Metering.  Landlord reserves the right to install at Tenant’s
      expense separate submeter(s) for one or more utility services provided to the
      Premises.  In the event of any such submetering, (i) the cost of the
      applicable utility shall not be included in Operating Expenses for purposes
      of
      calculating Tenant’s Share of Operating Expenses, and (ii) Tenant shall pay to
      Landlord as Additional Rent the actual cost of such utility service(s) to the
      Premises as calculated by such submeter(s) as set forth on invoices delivered
      by
      Landlord to Tenant, inclusive of Landlord’s reasonable administrative
      fee.

     

    Section
      3.04.  ESTIMATES
      AND PAYMENTS.  Commencing on the first day of the month
      following the expiration of the Base Year and on the first day of each month
      thereafter during the term of this Lease, Tenant agrees to pay monthly, as
      Additional Rent, one-twelfth (1/12) of Landlord’s estimate of Tenant’s Share of
      the total dollar increase, if any, in Operating Expenses to be paid or incurred
      by Landlord during the current calendar year in excess of the Base Year
      Operating Expenses.  At the beginning of each calendar year, Landlord
      shall give Tenant written notice of its estimate of amount payable under Section
      3.03 for the ensuing calendar year.  On or before the first day of
      each month during the year, Tenant shall pay to Landlord one-twelfth (1/12)
      of
      such estimated amount, provided that if such notice is delayed for any reason,
      Tenant shall continue to pay on the basis of the prior year's estimate until
      the
      month after such notice is given.  If at any time or times it appears
      to Landlord that the amounts payable under Section 3.03 for the current calendar
      year will vary from its estimate by more than five percent (5%), Landlord may,
      by written notice to Tenant, revise its estimate for such year, and subsequent
      payments by Tenant for such year shall be based upon such revised
      estimate.  Within ninety (90) days after the close of each calendar
      year, or as soon thereafter as practicable, Landlord shall deliver to Tenant
      a
      statement (“Operating Statement”) indicating the Operating Expenses for the
      Building paid or incurred by Landlord for the prior calendar year, Tenant’s
      Share thereof, and the amount that Tenant owes, or is to be credited, for the
      prior year. The Operating Statement shall be final and binding upon Landlord
      and
      Tenant.  Within thirty (30) days after receipt of an Operating
      Statement, Tenant shall pay to Landlord as Additional Rent, any additional
      amounts owed to Landlord as shown on the Operating Statement.  Any
      monies owed Tenant by Landlord shall be applied by Landlord against the next
      accruing monthly installment(s) of Operating Expenses due from Tenant, or if
      the
      Lease Term has expired, shall be paid to Tenant.  Any payments due
      under this Article 3 shall be prorated for any partial calendar year occurring
      during the Lease Term.  Tenant’s obligation to pay any amounts due
      under this Article 3 and Landlord’s obligation to refund any overpayments made
      by Tenant under this Article 3 for the final year of the Lease Term shall
      survive the Expiration Date or earlier termination of this
      Lease.  Unless Tenant shall take written exception to any item
      contained in an Operating Statement within thirty (30) days after delivery
      thereof, the Operating Statement shall be deemed final and accepted by
      Tenant.

     

    ARTICLE
      IV

     

    SERVICES
      PROVIDED BY LANDLORD

     

    Section
      4.01.  SERVICES.  Landlord
      agrees to furnish, subject to the terms of this Lease and to the Rules and
      Regulations of the Building, elevator, water, gas, electricity, suitable for
      the
      intended use of the Premises, heat and air conditioning required in Landlord’s
      judgment for the

     

    
      
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          02-137296.3                    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    use
      and
      occupancy of the Premises, to the Premises during the hours of normal business
      operation (as reasonably determined by Landlord from time to time) and basic
      janitorial services (subject to the terms of Section 12.01).  If
      Tenant is furnished additional services, or if Tenant’s use of the Premises
      causes additional expense, Tenant shall pay the additional
      expense.  If Tenant wishes to install electrical equipment such as
      electrical heating or refrigeration equipment, electronic data processing
      machines or equipment using services which exceed that usually furnished for
      use
      in general office space, Tenant shall obtain the prior written approval of
      Landlord and Landlord may cause a meter or meters to be installed in the
      Premises to measure any additional services.  Tenant shall pay as
      Additional Rent the additional cost involved of such additional services and
      metering.

     

    Section
      4.02.  INTERRUPTION
      OF SERVICE.  Landlord shall not be liable for damages or
      consequential damages or in any other way in the event of loss, damage, failure,
      interruption, defect or change in the quantity or character or supply of
      electricity or any other utility service furnished to the Premises, unless
      caused by the gross negligence or willful misconduct of Landlord, its agents,
      contractors or employees, and Tenant agrees that such supply may be interrupted
      for inspection, repairs, or in case of emergency; nor shall the foregoing be
      construed as a constructive eviction of Tenant, or excuse Tenant from failing
      to
      perform any of its obligations hereunder.  Landlord shall attempt to
      provide Tenant with reasonable advance notice of any interruption, and shall
      use
      reasonable efforts to schedule any potentially disruptive, non-emergency
      repairs, or examination outside normal business hours.  Landlord shall
      only be required to maintain such services as are reasonably possible under
      the
      circumstances in the event all or any part of such systems, facilities and
      equipment are destroyed, damaged or impaired until completion of the necessary
      repair or replacement.  Landlord shall have no liability to Tenant,
      its employees, agents, invitees or licensees for damages or consequential
      damages or in any other way for losses due to any criminal act or for damages
      done by unauthorized persons on the Premises, the Building, and the Project
      and
      Landlord shall not be required to insure against any such
      losses.  Tenant shall cooperate fully in Landlord’s efforts to
      maintain security in the Building.

     

    Section
      4.03.  SECURITY
      MEASURES.  Tenant hereby acknowledges that although Landlord
      may from time to time provide security protection for the Project, Building
      or
      any part thereof, in which event the cost thereof shall be recoverable by
      Landlord as an Operating Expense under this Lease, Landlord shall have no
      obligation to provide any such security measures for the benefit of the Tenant,
      the Premises, the Building or the Project.  Tenant assumes all
      responsibility for the protection of Tenant, its agents, its employees and
      invitees and its and their property from acts of third parties.

     

    Section
      4.04.  ENTRY
      BY LANDLORD.

     

    (a)  Landlord
      and Landlord’s agents and representatives shall have the right to enter the
      Premises at any time in case of an emergency, and at all other times, with
      reasonable notice to the Tenant, for any purpose permitted pursuant to the
      terms
      of this Lease, including, but not limited to, examining the Premises, making
      repairs, auditing Tenant’s compliance with this Lease and the Rules and
      Regulations, showing the Premises to prospective purchasers or mortgagees and,
      during the last year of the Lease Term, prospective tenants, and posting notices
      of non-responsibility.

     

    
      
        
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          02-137296.3                    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (b)  Landlord
      shall provide Tenant a total of 36 keys/access cards for the
      Premises.  Tenant shall not change any existing locks or add any
      additional locks to any doors for or within the Premises, without the Landlord’s
      prior written consent and delivery to Landlord of a set of keys for all changed
      and additional locks.  In an emergency Landlord shall have the right
      to use any and all means to open the doors to the Premises in order to obtain
      entry thereto, without liability to Landlord and at Tenant’s sole cost of
      restoration.  Any entry to the Premises by Landlord by any of the
      foregoing means, or otherwise, shall not be construed or deemed to be a forcible
      or unlawful entry into or a detainer of the Premises, or an eviction, partial
      eviction or constructive eviction of Tenant from the Premises or any portion
      thereof, and shall not relieve Tenant of its obligations under this
      Lease.

     

    Section
      4.05.  LANDLORD’S
      RIGHT TO CURE.  All agreements and provisions to be performed
      by Tenant under any of the terms of this Lease shall be at Tenant’s sole cost
      and expense if so provided herein and without any abatement of Base Rent or
      Additional Rent.  If Tenant shall fail to perform any act or to pay
      any sum of money (other than Base Rent) required to be performed or paid by
      it
      hereunder, or shall fail to cure any default and such failure shall continue
      beyond any applicable notice and grace period set forth herein, then Landlord
      may, at its option, and without waiving or releasing Tenant from any of its
      obligations hereunder, make such payment or perform such act on behalf of
      Tenant.  All sums paid and all costs incurred by Landlord in taking
      such action shall be deemed Additional Rent and shall be paid to Landlord on
      demand.

     

    Section
      4.06.  LANDLORD
      RESERVATIONS.  Landlord reserves and retains all rights to
      make use of the surface, subsurface and airspace above the surface of the
      Building and the Project and of the interior, exterior and roof of the Building,
      except as specifically granted to Tenant under this Lease.  Landlord
      shall have the right to grant any easements, licenses or other rights of use
      on,
      over, under and above the Project and within or upon the Building for such
      purposes as Landlord solely determines, so long as such rights do not conflict
      with the Tenant’s right to quiet enjoyment within this lease.

     

    Section
      4.07.  TENANT’S
      OBLIGATIONS.

     

    (a)  Tenant
      shall pay for, prior to delinquency, all telephone and all other materials,
      maintenance contracts, supplemental air and other services, not expressly
      required to be paid by Landlord, which may be furnished to or used in, on or
      about the Premises during the term of this Lease.

     

    (b)  Tenant
      shall not, without the written consent of Landlord, use any apparatus or device
      in the Premises, including electronic data processing machines, punch card
      machines and machines using current in excess of 110 volts, which will in any
      way increase the amount of electricity or water usually furnished or supplied
      for use of the Premises as general office space; nor connect with electric
      current, except through existing electrical outlets in the premises, or water
      pipes, any apparatus or device, for the purpose of using electric current or
      water.

     

    
      
        
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    (c)  Wherever
      heat generating machines or equipment are used in the Premises which affect
      the
      temperature otherwise maintained by the air conditioning system, Landlord
      reserves the right to assess Tenant for additional air conditioning or to
      install supplementary air conditioning units in the Premises and the cost
      thereof, including the cost of installation, operation and maintenance thereof,
      shall be paid by Tenant to Landlord upon demand by Landlord.

     

    ARTICLE
      V

     

    CONDITION
      OF PREMISES

     

    Section
      5.01.  “AS-IS”
      CONDITION.  Tenant hereby agrees that it has seen and viewed
      the Project, the Building and the Premises and is satisfied and content with
      same, and that Tenant hereby accepts possession of the Premises in its “as-is”,
“where is” condition.  In the event improvements are being made to the
      Premises in connection with this Lease, the installation of and Tenant’s
      acceptance of such improvements is governed by Rider 5.01 to this
      Lease.

     

    ARTICLE
      VI

     

    COMPLIANCE
      WITH LAWS AND RULES

     

    Section
      6.01.  GOVERNMENTAL
      REGULATIONS.

     

    (a)  Tenant,
      at its sole expense, shall comply with all current and future laws, orders
      and
      regulations of federal, state, county and municipal authorities and with any
      directive of any public officer or officers pursuant to law (“Laws”) applicable
      to the Premises which shall impose any violation, order or duty upon Landlord
      or
      Tenant with respect to the Premises or the Building or the use or occupation
      of
      the Premises or the Building, including, without limitation, all applicable
      Laws, relating to public health and safety and protection of the
      environment.

     

    (b)  Tenant
      shall immediately notify Landlord and provide copies upon receipt of all written
      complaints, claims, citations, demands, inquiries, reports, or notices relating
      to the condition of the Premises or compliance with Laws.  Tenant
      shall promptly cure and have dismissed with prejudice any such actions and
      proceeding to the satisfaction of Landlord.  Tenant shall keep the
      Premises free of any lien imposed pursuant to any Laws.

     

    Section
      6.02.  RULES
      AND REGULATIONS.  The “Rules and Regulations” attached to
      this Lease as Exhibit B are hereby made a part of this Lease and Tenant agrees
      to comply with and observe the same.  Landlord reserves the right from
      time to time to unilaterally establish, modify and enforce such Rules and
      Regulations.  Tenant’s failure to keep and observe said Rules and
      Regulations shall constitute a breach of the terms of this Lease in the same
      manner as if the same were contained herein as covenants.

     

    
      
        
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    ARTICLE
      VII

     

    PARKING

     

    During
      the Lease Term, subject to the Rules and Regulations, Tenant shall have the
      nonexclusive use of the parking area servicing the Building.  Tenant
      and its agents, employees, contractors, visitors, guests, invitees or licensees
      shall not interfere with the rights of Landlord or others entitled to use the
      parking area.

     

    Landlord
      shall not be liable for any damage of any nature to, or any theft of, vehicles,
      or contents thereof, in or about the parking area.  Excessive use of
      the parking area by others shall not be a default or breach of this Lease by
      Landlord, and shall not suspend or terminate any of Tenant’s obligations under
      this Lease. At no time shall the Tenant be entitled to less than 3.3 parking
      spaces per 1,000 RSF leased.

     

    ARTICLE
      VIII

     

    SECURITY
      DEPOSIT

     

    Section
      8.01.  PURPOSE
      OF DEPOSIT.  At the time of execution of this Lease, Tenant
      has deposited the Security Deposit with Landlord, the receipt of which is hereby
      acknowledged by Landlord.  Said deposit shall be held by Landlord as
      security for the payment by Tenant of all Base Rent and Additional Rent and
      the
      performance by the Tenant of all of the terms, covenants and conditions of
      this
      Lease.

     

    Section
      8.02.  USE
      AND RETURN OF DEPOSIT.  If at any time during the term of
      this Lease, any Base Rent or Additional Rent shall be overdue and unpaid, then
      Landlord may, at Landlord’s option (but Landlord shall not be required to),
      appropriate and apply any portion of said deposit to the payment of any such
      overdue Base Rent or Additional Rent.  In the event of the failure of
      Tenant to keep and perform any of the terms, covenants and conditions of this
      Lease, Landlord, at its option, may appropriate and apply said entire deposit,
      or so much thereof as may be necessary, to compensate Landlord for loss or
      damage sustained or suffered by Landlord due to such breach on the part of
      Tenant.  Should the entire deposit, or any portion thereof, be
      appropriated and applied by Landlord for the payment of overdue rent or other
      sums due and payable to Landlord by Tenant hereunder, then Tenant shall, upon
      the written demand of Landlord, forthwith remit to Landlord a sufficient amount
      in cash to restore said security to the original sum deposited. Tenant’s failure
      to do so within five (5) days after receipt of such demand shall constitute
      a
      breach of this Lease.  Should Tenant comply with all of said terms,
      covenants and conditions, and promptly pay all rents and other sums payable
      by
      Tenant under this Lease, then the Security Deposit shall be returned in full
      to
      Tenant at the end of the term of the Lease Term, or upon the earlier termination
      of this Lease.

     

    Section
      8.03.  TRANSFER
      OF DEPOSIT.  Landlord shall deliver the funds deposited
      hereunder by Tenant to any assignee of Landlord’s interest in the Premises, and
      thereupon Landlord shall be discharged from any further liability with respect
      to such deposit.

     

    
      
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    ARTICLE
      IX

     

    COMMON
      USE AREAS AND FACILITIES

     

    Section
      9.01.  CONTROL
      OF COMMON AREAS AND FACILITIES BY LANDLORD.  All common areas
      and facilities associated with the Building and Project shall at all times
      be
      subject to the exclusive control and management of Landlord, and Tenant’s use of
      the same shall be subject to the terms of this Lease and the Rules and
      Regulations.

     

    ARTICLE
      X

     

    RELOCATION
      OF THE PREMISES

     

    Intentionally
      Deleted.

     

    ARTICLE
      XI

     

    ALTERATIONS
      AND SIGNAGE

     

    Section
      11.01.  ALTERATIONS.

     

    (a)  Construction.  After
      the Rent Commencement Date, Tenant shall not, without Landlord’s prior written
      consent, make any alterations, improvements, or additions in, on or about the
      Premises or the Building (collectively “Alterations”).

     

    (b)  Permits
      and Approvals.  Tenant shall acquire and comply with all
      necessary permits and approvals from all applicable governmental agencies for
      work requiring governmental permits or approval.  Promptly upon the
      completion of all such work, Tenant shall furnish Landlord with a copy of each
      permit, with signatures indicating final governmental approval of the work,
      and
      Tenant shall furnish Landlord, at Tenant’s sole expense, a printed set of
      as-built plans and an AutoCAD file (version 14 or higher), showing the work
      in
      place.  Tenant shall pay when due all claims for labor or materials
      furnished or alleged to have been furnished to or for Tenant at or for use
      in
      the Premises, which claims are or may be secured by any mechanic’s or
      materialmen’s lien against the Premises, the Building, the Project, or any
      interest therein.  Tenant shall give Landlord not less than ten (10)
      days’ notice prior to the commencement of any work in the Premises that requires
      a governmental permit or approval.  Tenant shall post notices of
      Landlord’s non-responsibility for payment for Tenant’s Alterations in or on the
      Premises or the Building as provided by law, and Landlord shall have the right
      to post such notices if Tenant fails to do so.  Without limitation,
      Tenant shall comply with Section 12.04 with respect to all
      Alterations.

     

    (c)  Ownership
      of Alterations.  All Alterations by Tenant shall be made and
      done in a good and workmanlike manner and of good and sufficient quality and
      materials and shall be the property of Landlord and remain upon and be
      surrendered with the Premises at the expiration of the Lease Term, unless
      Landlord informs Tenant (at any time up to thirty (30) days prior to the
      Expiration Date) that removal is required.  In the event Tenant does
      not remove the Alterations as required by Landlord prior to the

     

    
      
        
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    (d)  Expiration
      Date, Tenant shall be considered to have possession of the Premises until such
      Alterations are removed.

     

    Section
      11.02.  SIGNS.

     

    (a)  Landlord’s
      Consent.  Tenant may not install signs on the exterior of the
      Premises or the Building.  The main entrance door sign and any
      interior signs visible from the exterior of the Premises shall be subject to
      Landlord’s approval as to size, design, location and lighting, which shall not
      be unreasonably withheld; provided signs shall not be
      illuminated.  All signs and placards must comply with the sign
      criteria promulgated by Landlord from time to time, and all applicable
      laws.  Sign criteria shall be uniformly applied to all tenants of the
      Building and shall be enforced impartially.  Tenant shall pay all
      costs of fabrication, installation and maintenance of any signs installed in
      the
      Premises.

     

    (b)  Removal.  Prior
      to vacating the Premises, Tenant shall, at its sole cost and expense, remove
      its
      sign(s) and placards from the Premises and the Building, and upon the removal
      or
      alteration of any of its sign(s) and placards for any reason, Tenant shall
      repair, paint, restore or replace the surface beneath such signs or placards
      damaged by such installation or removal.  If Tenant fails to comply
      with its sign removal and restoration obligations, Landlord may, without
      liability, enter upon the Premises or the Building, and perform Tenant’s sign
      removal and restoration obligations, all at Tenant’s expense.

     

    (c)  Building
      Signage. Tenant shall have the right to standard Building monument
      signage, Building lobby signage and Building standard suite signage, all to
      be
      provided at Landlord’s sole cost.

     

    ARTICLE
      XII

     

    TENANT’S
      MAINTENANCE, REPAIR AND SURRENDER OF PREMISES

     

    Section
      12.01.  TENANT’S
      MAINTENANCE.  Tenant shall maintain and repair the Premises,
      including all interior glass and entryway glass serving the Premises, in good
      order and repair and shall preserve them in the condition delivered to Tenant
      on
      the Rent Commencement Date, normal wear and tear excepted and damage by fire
      or
      other casualty not due to Tenant’s negligence excepted.  Tenant shall
      not permit or commit waste of the Premises, the Building or the
      Project.  Tenant shall be responsible for cleaning (other than basic
      janitorial services provided by Landlord pursuant to Section 4.01), repainting
      and redecorating the Premises, cleaning drapes or other window coverings and
      carpets at reasonable intervals as needed, and making repairs, replacements
      and
      alterations as needed, in a good and workmanlike manner in accordance with
      the
      terms and provisions of this Lease, including those governing the performance
      of
      any Alterations to the Premises, using contractors approved by Landlord, and
      materials of equal or better quality and utility to the original
      work.  Tenant shall be responsible for replacing lamps and bulbs in
      lighting fixtures within the Premises.  Tenant shall, at its own
      expense, provide janitorial service to any room requiring special
      procedures.  Tenant shall repair or replace, at Tenant’s sole cost, to
      the extent not covered by insurance, any damage done to the

     

    
      
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    Building
      or the Project or any part thereof caused by Tenant or Tenant’s agents,
      employees, contractors, invitees or visitors.

     

    Section
      12.02.  SURRENDER
      OF THE PREMISES.  On the last day of the Lease Term or on any
      earlier termination, Tenant shall peaceably and quietly quit and surrender
      the
      Premises to Landlord in the same condition as received on the Rent Commencement
      Date or the date of relocation, as the case may be, clean and free of debris,
      excepting only ordinary wear and tear and loss by fire or other casualty which
      Tenant is not obligated to repair pursuant to this Lease.  Any damage
      or deterioration of the Premises shall not be deemed ordinary wear and tear
      if
      it could have been prevented by compliance with the Rules and Regulations or
      by
      prudent maintenance practices by Tenant.  Unless Landlord requires
      removal of the same, Tenant shall leave all Alterations on the Premises in
      good
      operating condition, subject to ordinary wear and tear.  Tenant shall
      return all keys and cards provided by Landlord.  In the event Tenant
      fails to return all keys for the Premises or all access cards for the Building,
      Tenant shall be assessed the cost of re-keying the Premises or replacing the
      cards at Landlord’s then prevailing rate.

     

    Section
      12.03.  REIMBURSEMENT.  If
      Tenant refuses or neglects to comply with the Rules and Regulations or to repair
      and maintain the Premises as required hereunder and to the reasonable
      satisfaction of Landlord, after written demand, Landlord may make such repairs
      without liability to Tenant for any loss or damage that may accrue to Tenant’s
      furniture, fixtures, or other property or to Tenant’s business by reason
      thereof.  Upon completion thereof, Tenant shall pay Landlord’s costs
      for making such repairs plus, as Additional Rent, such additional fees or
      charges as Landlord may impose from time to time for overhead, supervision
      and
      other costs and services incurred or provided by Landlord in connection with
      the
      repairs.

     

    Section
      12.04.  LIENS.

     

    (a)  Prohibition.  Tenant
      shall keep the Premises, the Building and the Project free from any liens
      arising out of any work performed, materials furnished, or obligations incurred
      by or on behalf of Tenant, except if such work is performed by Landlord on
      Tenant's behalf.  At Landlord's option, Tenant shall provide, at
      Tenant's sole cost, a payment and performance and/or completion bond in an
      amount equal to one hundred twenty-five percent (125%) of the estimated cost
      of
      Alterations to be constructed by Tenant, and otherwise in form and substance
      reasonably satisfactory to Landlord.  Should any mechanic's or other
      lien be filed against the Premises, the Building or the Project by reason of
      Tenant's or its agents' or contractors' acts or omissions or because of a claim
      against Tenant, Tenant shall cause it to be canceled and discharged of record
      by
      bond or otherwise within twenty (20) days after the filing
      thereof.  Should Tenant fail to discharge such lien within the twenty
      (20) day period, Landlord may do so by whatever means Landlord deems
      appropriate, in which event Tenant shall reimburse Landlord, on demand, as
      Additional Rent, for the amount of the lien or the amount of the bond, if
      greater, plus all administrative costs incurred by Landlord in connection
      therewith.  The remedies provided herein shall be in addition to all
      other remedies available to Landlord.

     

    (b)  Liability
      to Third Parties.  Nothing contained in this Lease shall be
      construed as constituting the consent or request of Landlord, express or
      implied, to, or for the performance by, any contractor, laborer, materialman
      or
      vendor of any labor or

     

    
      
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    services
      or for the furnishing of any materials for any construction, alteration,
      addition, repair or demolition of or to the Premises or any part
      thereof.  Tenant and any subtenants
      shall have no power to do any act or make any contract that may create or be
      the
      foundation of any lien, mortgage or other encumbrance upon the
      reversionary  or  other estate of Landlord, or any interest of
      Landlord in the Premises, the Building, or the Project.  Notice is
      hereby given that Landlord is not and shall not be liable for any labor,
      services or materials furnished or to be furnished to Tenant or to anyone
      holding the Premises or any part thereof, and that no mechanics' or other liens
      for any such labor, services or materials shall attach to or affect the interest
      of Landlord in and to the Premises, the Building or the Project.

     

    ARTICLE
      XIII

     

    INSURANCE
      AND INDEMNITY

     

    Section
      13.01.  TENANT’S
      INSURANCE.  Tenant shall procure and maintain throughout the
      Lease Term of this Lease, at its sole cost and expense, the insurance identified
      on Rider 13.01 which is incorporated in and made a part hereof  The
      minimum limits of insurance coverage required by Rider 13.01 shall not limit
      the
      liability of Tenant for its acts or omissions as provided in this
      Lease.  All insurance required hereunder shall be placed with
      companies which are rated A-:VII or better by Best’s Insurance Guide and
      licensed to do business in Colorado.  All such policies shall be
      written as primary policies not contributing with and not supplemental to the
      coverage that Landlord may carry, with deductibles not to exceed one percent
      (1%) of the amount of coverage.  Tenant shall be responsible for the
      payment of any deductible in the event of an insured loss.  Tenant
      shall deliver certificates for all such policies prior to the Lease Commencement
      Date, or, in the case of renewals thereto, thirty (30) days prior to the
      expiration of the prior insurance policy, together with evidence that such
      policies are fully paid for, and that no cancellation, material change or
      non-renewal thereof shall be effective except upon thirty (30) days’ prior
      written notice from the insurer to Landlord.  If Tenant shall fail at
      any time to procure or maintain the insurance required herein, or to provide
      proof of insurance as required, or if the insurer notifies Landlord that any
      coverage is to be canceled or non-renewed, such failure or event shall be an
      event of default hereunder, and Landlord may, at its option, procure such
      insurance on Tenant’s behalf and the cost thereof, inclusive of an
      administrative fee of 15.5%  shall be payable upon demand, as
      Additional Rent.  Payment by Landlord of any insurance premium or the
      carrying by Landlord of any such insurance policy shall not be deemed to waive
      or release the default of Tenant with respect thereto.

     

    Section
      13.02.  SUBROGATION.  Notwithstanding
      anything to the contrary contained herein, Tenant hereby waives and releases
      its
      rights of recovery against Landlord and its officers, agents and employees
      for
      any damage to real or personal property, including resulting loss of use,
      interruption of business, and other expenses occurring as a result of the use
      or
      occupancy of the Premises or the Building to the extent that the loss or damage
      is either covered by the Tenant’s insurance or is required to be covered by the
      Tenant’s insurance pursuant to this Lease.  Tenant agrees that all
      policies of insurance obtained by it pursuant to the terms of this Lease shall
      contain provisions or endorsements thereto waiving the insurer’s rights of
      subrogation with respect to claims against Landlord, and, unless the policies
      permit waiver of subrogation without

     

    
      
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    notice
      to
      the insurer, each shall notify its insurance companies of the existence of
      the
      waiver and indemnity provisions set forth in this Lease.

     

    Section
      13.03.  INDEMNIFICATION
      AND WAIVER.

     

    (a)  Tenant’s
      Indemnification.  Tenant shall indemnify, defend and hold
      harmless Landlord and its officers, directors, employees, attorneys and
      agents  (collectively, the “Indemnitees”) from and against any and all
      claims, demands, causes of action, judgments, costs, expenses, and all losses
      and damages (excluding consequential and punitive damages) arising from Tenant’s
      use of the Premises or from the conduct of its business or from any activity,
      work, or other acts or things done, permitted or suffered by Tenant in or about
      the Premises, the Building, or the Project and shall further indemnify, defend
      and hold harmless the Indemnitees from and against any and all claims arising
      from any breach or default in the performance of any obligation on Tenant’s part
      to be performed under the terms of this Lease, or arising from any act or
      omission of Tenant, or any officer, agent, employee, independent contractor,
      guest, or invitee thereof, and from all costs, reasonable attorney fees and
      disbursements, and liabilities incurred in the defense of any such claim or
      any
      action or proceeding which may be brought against, out of or in any way related
      to this Lease.  Upon notice from Landlord, Tenant shall defend any
      such claim, demand, cause of action or suit at Tenant’s expense by counsel
      satisfactory to Landlord in its reasonable discretion.  The provisions
      of this Section 13.03 shall survive the expiration or earlier termination of
      this Lease.

     

    (b)  Waiver
      of Landlord Liability.  As a material part of the
      consideration to Landlord for this Lease, Tenant hereby assumes all risk of
      damage to property or injury to persons in, upon or about the Premises from
      any
      cause, and Tenant hereby waives all claims with respect thereto against Landlord
      and its affiliates and their respective officers, shareholders, partners,
      managers, members, employees, contractors and agents, except if directly caused
      by Landlord’s gross negligence or willful misconduct, and Tenant waives all
      claims against such parties for any and all losses, damages (including
      consequential or punitive damages) and other costs arising from any cause
      whatsoever (unless caused by Landlord’s gross negligence or willful misconduct),
      including, without limitation, any such injury or damage caused by or resulting
      from (i) fire, explosion, smoke, gas, electricity, water or rain which may
      leak
      from any part of the Building or from the pipes, appliances, fixtures or
      plumbing works therein or from the roof, street or subsurface or from any other
      places resulting from dampness or any other cause whatsoever, (ii) the acts
      or
      omissions of any other tenant or any officer, agent, employee, contractor or
      guest of any such tenant (iii) interference with the electrical service,
      ventilation, utilities or other services to the Premises, (iv) any latent defect
      in the Premises or Building, (v) any act, omission, event or circumstance for
      which Tenant is required to insure, or (vi) any construction, Alterations or
      repair required or permitted to be performed by Tenant or Landlord under this
      Lease.  Tenant shall give immediate notice to Landlord in case of
      casualty or accidents in the Premises.

     

    
      
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                   (c)     Landlord
      Indemnity.      Landlord shall indemnify
      and hold Tenant harmless from and against all liability, cost or expenses,
      including reasonable attorney
      fees, on account of any and all claims of third parties for any injury to person
      or property or any loss or claim incurred by or asserted against Tenant arising
      from Landlord’s
      gross negligence or willful misconduct with respect to the use or condition
      of
      the Building (other than the Premises) or the common areas.

     

    ARTICLE
      XIV

     

    OFFSET
      STATEMENT, ESTOPPEL, ATTORNMENT AND SUBORDINATION

     

    Section
      14.01.  OFFSET
      STATEMENT, ESTOPPEL.  At any time and from time to time upon
      written request by Landlord, Tenant hereby agrees to deliver within ten (10)
      days after request, an offset statement or estoppel certificate in or upon
      the
      form supplied by Landlord or any existing or proposed ground lessor, mortgagee
      or assignee, certifying (if such be the case):  (a) that Tenant has
      accepted the Premises (or, if Tenant has not done so, that Tenant has not
      accepted the Premises, and specifying the reasons therefore); (b) that this
      Lease is in full force and effect, and (c) that there are no defenses or offsets
      to the obligations of Tenant hereunder and that there are no defaults by Tenant
      or Landlord hereunder (or stating those claimed by Tenant), and (d) such other
      information as may be reasonably required by Landlord or such proposed ground
      lessor, mortgagee, or assignee.

     

    Section
      14.02.  ATTORNMENT.  Tenant
      shall, in the event any proceedings are brought for the foreclosure of, or
      in
      the event of exercise of the power of sale under any mortgage made by Landlord
      covering the Premises or in the event of any termination of any underlying
      lease, attorn to the purchaser upon any such foreclosure or sale and recognize
      such purchaser or lessor under any underlying lease as Landlord under this
      Lease, without change in the terms or other provisions of such Lease; provided,
      however, that the successor in interest shall not be bound by (a) any payment
      of
      rent or Additional Rent for more than one month in advance, except prepayments
      in the nature of security for the performance by the Tenant of its obligations
      under the Lease, (b) any security deposited with any landlord under the Lease
      except to the extent said successor actually receives such deposit, (c) any
      act
      or omission, or default by any previous landlord under the Lease, (d) any other
      existing or past offsets or defenses that the Tenant may have under the Lease,
      and (e) any amendment or modification of the Lease made without the consent
      of
      the Assignee or such successor in interest.

     

    Section
      14.03.  SUBORDINATION.  This
      Lease, and all rights and interests of Tenant hereunder, at Landlord’s option,
      shall be subordinate to the Ground Lease, any other ground lease, mortgage,
      deed
      of trust, or any other hypothecation or security now or hereafter placed upon
      the Building or any interest of Landlord therein (collectively “Mortgage”) and
      to any and all advances made on the security thereof and to all renewals,
      modifications, consolidations, replacements and extensions
      thereof.  Notwithstanding such subordination, Tenant’s right to quiet
      possession of the Premises shall not be disturbed if Tenant is not in default
      unless this Lease is otherwise terminated pursuant to its terms.  If
      any mortgagee, trustee or ground lessor shall elect to have this Lease be senior
      to the lien of its Mortgage, and shall give written notice thereof to Tenant,
      this Lease shall be deemed senior to such Mortgage, whether this Lease is dated
      prior or subsequent to the date of said Mortgage or the date of recording
      thereof.  Tenant

     

    
      
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    agrees
      to
      execute any documents required to effectuate an attornment, a subordination,
      or
      to make this Lease prior to the lien of any Mortgage.  Tenant’s
      failure to execute such documents within ten (10) days after written demand
      shall constitute a material default by Tenant hereunder without further notice
      to Tenant or, at Landlord’s option, Landlord shall execute such documents on
      behalf of Tenant as Tenant’s attorney-in-fact.  Tenant does hereby
      make, constitute and irrevocably appoint Landlord as Tenant’s attorney-in-fact
      and in Tenant’s name, place and stead, to execute such documents in accordance
      with this Section.

     

    ARTICLE
      XV

     

    ASSIGNMENT
      AND SUBLETTING

     

    Section
      15.01.  ASSIGNMENT
      AND SUBLETTING

     

    (a)  Landlord's
      Consent Required. Tenant shall not voluntarily or by operation of law
      assign, transfer, sublet, mortgage, collaterally assign, or otherwise transfer
      or encumber (referred to as "Assignment of Interest") all or any part of
      Tenant's interest in the Lease or in the Premises, without Landlord's prior
      written consent.  Landlord's consent to an Assignment of Interest
      shall not be unreasonably withheld.  Landlord shall not approve an
      Assignment of Interest to any party, which is or has been within the prior
      twelve (12) months a tenant in the Project.  Landlord shall provide a
      response to Tenant's request for consent hereunder within thirty (30) days
      of
      delivery of a request for Landlord's approval.  Failure of Landlord to
      provide a response shall be deemed approval.  Any attempted Assignment
      of Interest without Landlord's prior written consent shall be void, and shall
      constitute a material default and breach of this Lease without a requirement
      for
      notice to Tenant under any provision of this Lease.  "Transfer" within
      the meaning of this Section 15.01(a) shall include any merger, reorganization,
      or similar transaction to which the Tenant's consent is required, the sale
      or
      transfer of all or substantially all of Tenant's assets or the transfer a
      controlling interest in Tenant's stock or ownership interests.

     

    (b)  No
      assignment or subletting shall release Tenant of Tenant's obligations hereunder
      or alter the primary liability of Tenant to pay all Base Rent and Additional
      Rent due under this Lease and to perform all obligations to be performed by
      Tenant under this Lease.

     

    (c)  Upon
      any
      default under this Lease, Landlord may proceed directly against Tenant or anyone
      else responsible for the performance of this Lease, including the subtenant,
      without first exhausting Landlord's remedies against any other person or entity
      responsible therefore to Landlord, or any security held by Landlord or
      Tenant.  Landlord's written consent to any assignment or subletting of
      the Premises by Tenant shall not constitute an acknowledgment that no default
      then exists under this Lease of the obligations to be performed by Tenant,
      nor
      shall such consent be deemed a waiver of any then existing default, except
      as
      may be otherwise stated in writing by Landlord at the time. No assignment of
      this Lease shall be effective unless and until Tenant shall deliver to Landlord
      an agreement in form and substance satisfactory to Landlord pursuant to which
      such assignee assumes and agrees to be bound by all of the terms,
      covenants,

     

    
      
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    conditions,
      provisions and agreements of this Lease.  No sublease entered into by
      Tenant shall be effective unless it contains an agreement of the subtenant
      to be
      bound by all of the terms, covenants, conditions, provisions and agreements
      of
      this Lease applicable to the subleased portion of the
      Premises.  Tenant shall use only such form of sublease as has been
      approved by Landlord, in Landlord’s sole discretion.

     

    ARTICLE
      XVI

     

    DESTRUCTION
      OF PREMISES

     

    Section
      16.01.  TOTAL
      OR PARTIAL DESTRUCTION.  If the Premises shall be damaged by
      fire, the elements, unavoidable accident or other casualty, but are not thereby
      rendered wholly untenantable, Landlord shall cause such damage to be repaired,
      and the rental shall not be abated.  If the Premises shall be rendered
      wholly untenantable by reason of such occurrence, Landlord shall cause such
      damage to be repaired, and until the Premises have been restored and rendered
      tenantable, the rental shall abate, or Landlord may at its election terminate
      this Lease and the tenancy hereby created by giving to Tenant within the sixty
      (60) days following the date of said occurrence, written notice of Landlord’s
      election to do so and in the event of such termination rent shall be adjusted
      as
      of such date.  Landlord’s obligation to repair under this Section
      16.01 (i) is expressly limited to the extent of any insurance proceeds paid
      to
      and received by Landlord, and (ii) shall at all times be subject to obtaining
      all necessary approvals from all applicable governmental entities, and the
      holder of any Mortgage and the willingness of such holder to make the proceeds
      of casualty insurance policies available to Landlord for such
      purposes.  Landlord shall not be liable for any delay that is beyond
      the reasonable control of Landlord in the completion of the repair and
      restoration of the Premises.   Landlord shall use said proceeds
      to restore the Premises to the condition it was in following completion by
      Tenant of its leasehold improvements, and in such event, Tenant shall restore
      and replace Tenant’s Improvements, except as
      aforesaid.  Notwithstanding any provision of this Section to the
      contrary, Landlord may relocate Tenant to a Substitute Premises.

     

    Section
      16.02.  PARTIAL
      DESTRUCTION OF BUILDING.  In the event that fifty per cent
      (50%) or more of the rented and rentable ground floor area of the Building
      shall
      be damaged or destroyed by fire or other cause, notwithstanding that the
      Premises may be unaffected by such fire or other cause, Landlord may at
      Landlord’s option either (1) repair such damage or destruction as soon as
      reasonably practicable at Landlord’s expense (to the extent the required
      materials are readily available through usual commercial channels) to its
      condition existing at the time of the damage, including all Alterations other
      than Tenant’s Alterations, fixtures or equipment that are removable by Tenant
      (or which Landlord has required tenant to remove) upon the termination of this
      Lease, and this Lease shall continue in full force and effect, or (2) relocate
      Tenant to a Substitute Premises, or (3) give written notice to Tenant within
      ninety (90) days after the date of occurrence of such damage of Landlord’s
      intention to cancel and terminate this Lease, in which case this Lease shall
      terminate as of the date of the occurrence of such damage.

     

    Section
      16.03.  WAIVER.  Landlord
      and Tenant waive the provisions of any statute that relates to termination
      of
      leases when leased property is destroyed and agree that such event shall be
      governed by the terms of this Lease.

     

    
      
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    Section
      16.04.  NOTICE
      OF DAMAGE.  Tenant shall give immediate written notice to
      Landlord of any damage caused to the Premises by fire or other
      casualty.

     

    ARTICLE
      XVII

     

    EMINENT
      DOMAIN

     

    Section
      17.01.  TOTAL
      CONDEMNATION OF PREMISES.  If the whole of the Premises shall
      be acquired or condemned by eminent domain for any public or quasi-public use
      or
      purpose, then the term of this Lease shall cease and terminate as of the date
      of
      title vesting in such proceeding and all rentals shall be paid up or adjusted,
      as the case may be, to that date and Tenant shall have no claim against Landlord
      for the value of any unexpired term of this Lease.

     

    Section
      17.02.  PARTIAL
      CONDEMNATION.  If any part of the Premises shall be acquired
      or condemned as aforesaid, and in the event that such partial taking or
      condemnation shall render the Premises unsuitable for the business of Tenant,
      then at Landlord’s option, either the term of this Lease shall cease and
      terminate as of the date of title vesting in such proceeding, or Landlord may
      relocate Tenant to a Substitute Premises.  Tenant shall have no claim
      against Landlord for the value of any unexpired term of this Lease and rent
      shall be adjusted to the date of such termination.  In the event of a
      partial taking or condemnation which is not extensive enough to render the
      Premises unsuitable for the business of Tenant, then Landlord shall either
      promptly restore the Premises to a condition comparable to its condition at
      the
      time of such condemnation less the portion lost in the taking, and this Lease
      shall continue in full force and effect and rent shall be equitably adjusted,
      or
      Landlord may relocate Tenant to a Substitute Premises.

     

    Section
      17.03.  LANDLORD’S
      DAMAGES. In the event of any condemnation or taking as aforesaid,
      whether whole or partial, Tenant shall not be entitled to any part of the
      Landlord’s award paid for such condemnation and Landlord is to receive the full
      amount of such Landlord’s award, Tenant hereby expressly waiving any right or
      claim to any part thereof.

     

    Section
      17.04.  TENANT’S
      DAMAGES.  Although all Landlord’s damages in the event of any
      condemnation are to belong to Landlord whether such damages are awarded as
      compensation for diminution in value of the leasehold or to the fee of the
      Premises, Tenant shall have the right to claim and recover from the condemning
      authority, but not from Landlord, such compensation as may be separately awarded
      or recoverable by Tenant in Tenant’s own right on account of any and all damage
      to Tenant’s business by reason of the condemnation and for or on account of any
      cost or loss to which Tenant might be exposed in removing Tenant’s furniture,
      fixtures, leasehold improvements and equipment.  In the event of any
      condemnation or taking as aforesaid, whether whole or in part, Tenant shall
      not
      be entitled to any part of the Landlord’s award paid for such
      condemnation.  However, if Tenant’s award is granted in a lump sum
      with Landlord’s award, Landlord shall pay to Tenant therefrom such amount as is
      due to Tenant.

     

    
      
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    ARTICLE
      XVIII

     

    EVENTS
      OF DEFAULT

     

    Section
      18.01.  EVENTS
      OF DEFAULT

     

    (a)  Definition.  In
      addition to any other event specified in this Lease as an event of default,
      the
      occurrence of any one or more of the following events during the Lease Term
      (each, individually, an “Event of Default” and collectively, “Events of
      Default”) shall constitute a breach of this Lease by Tenant and Landlord may
      exercise the rights set forth in this Lease or as otherwise provided at law
      or
      in equity:

     

    (i)  Tenant
      shall fail to pay any Base Rent or any Additional Rent (or cure any other
      default which is curable by the payment of money) within five (5) business
      days
      after the date when due.

     

    (ii)  Tenant
      shall default in the performance of or compliance with any of the other
      covenants, agreements, terms or conditions of this Lease to be performed by
      Tenant (other than any default curable by the payment of money), and, unless
      expressly provided elsewhere in this Lease that no notice and/or opportunity
      to
      cure such default is to be afforded Tenant, such default shall continue for
      a
      period of thirty (30) days after written notice thereof from Landlord to Tenant,
      or, in the case of a default which cannot with due diligence be cured within
      thirty (30) days, Tenant fails to commence such cure promptly within such thirty
      (30) day period and thereafter diligently prosecute such cure to completion
      within sixty (60) days.  Notwithstanding the above, Tenant must
      immediately remedy any default that imminently threatens an injury or harm
      to
      any person or property.

     

    (iii)  Tenant
      shall become insolvent within the meaning of the United States Bankruptcy Code,
      as amended from time to time (the “Code“); shall have ceased to pay its debts in
      the ordinary course of business; shall be unable to pay its debts as they become
      due; shall make a general assignment for the benefit of creditors; shall file,
      take any action to file, or notify Landlord that Tenant intends to file, a
      petition, case or proceeding under any section or chapter of the Code, or under
      any similar law or statute of the United States or any state thereof relating
      to
      bankruptcy, insolvency, reorganization, winding up or composition or adjustment
      of debts; shall be adjudicated as a bankrupt or insolvent; shall seek to or
      consent to or acquiesce in the appointment of any receiver, trustee, liquidator
      or other custodian of Tenant or any material part of its properties, whether
      or
      not it relates to their interests in this Lease; or Tenant shall notify Landlord
      that it anticipates the occurrence of any of the foregoing conditions; or take
      any other action for the purpose of effecting any of the foregoing
      clauses.

     

    (iv)  The
      Premises are effectively abandoned by Tenant, as evidenced by Tenant’s failure
      to occupy and use the Premises for a period of thirty (30) days.

     

    
      
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    (v)  Any
      execution or attachment is issued against Tenant or any of its property
      whereupon the Premises shall be taken or occupied or attached, or attempted
      to
      be taken or occupied or attached by someone other than Tenant, which execution
      or attachment is not vacated within thirty (30) days thereafter.

     

    (vi)  If
      Tenant
      is a sole proprietor or an entity with a single owner, Tenant or such owner
      dies
      or suffers a long term disability.

     

    (vii)  Tenant
      does or permits to be done anything which creates a lien upon the Premises
      or
      the Building or the Project and such lien is not discharged by Tenant within
      fifteen (15) days after the filing thereof.

     

    (viii)  This
      Lease shall be transferred to or shall pass to or devolve upon any other person
      or party except in the manner set forth in Section 15.01.

     

    (b)  Notice.  If
      an Event of Default relating to late payment of regular monthly installments
      of
      Base Rent or Additional Rent, or both, due under this Lease occurs more than
      two
      times within any calendar year, then, notwithstanding that each such Event
      of
      Default shall have been cured, any further default relating to late payment
      of
      any such monthly payments due under this Lease during such calendar year shall
      be deemed an Event of Default for which no notice or cure period shall
      apply.

     

    Section
      18.02.  LANDLORD’S
      REMEDIES UPON DEFAULT.

     

    (a)  Termination
      or Possession.  Upon the occurrence of any Event of Default,
      Landlord shall have the option to pursue any one or more of the following
      remedies without notice or demand whatsoever, in addition to, or in lieu of,
      any
      and all remedies available to Landlord under the laws of the State of
      Colorado:

     

    (i)  Landlord
      may give Tenant written notice of its election to terminate this Lease,
      effective on the date specified therein, whereupon Tenant’s right to possession
      of the Premises shall cease and this Lease, except as to Tenant’s liability
      determined in accordance with this Lease, shall be terminated.

     

    (ii)  Landlord
      and its agents may immediately re-enter and take possession of the Premises,
      or
      any part thereof, either by summary proceedings, or by any other applicable
      action or proceeding, or by force or otherwise (without being liable for
      indictment, prosecution or damages therefore) and may repossess the Premises
      as
      Landlord’s former estate and expel Tenant and those claiming through or under
      Tenant, and remove the effects of both or either, without being deemed guilty
      in
      any manner of trespass, and without prejudice to any remedies for arrears of
      rent or Tenant’s breach of covenants or conditions.

     

    (iii)  Should
      Landlord elect to re-enter as provided herein above or should Landlord take
      possession pursuant to legal proceedings or pursuant to any notice provided
      by
      law, Landlord may, from time to time, without terminating this Lease, relet
      the
      Premises or any part thereof in Landlord’s or Tenant’s name, but for the account
      of Tenant, for such term or terms (which may be more or less than

     

    
      
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    the
      period which would otherwise have constituted the balance of the Lease Term)
      and
      on such terms and conditions (which may include concessions of free rent and
      alteration, repair and improvement of the Premises) as Landlord, in its sole
      discretion, may determine, and Landlord may collect and receive the rents
      therefore without relieving Tenant of any liability under this Lease or
      otherwise affecting any such liability, except that all amounts actually
      collected shall be offset against damages otherwise payable by
      Tenant.  Landlord shall use reasonable efforts to the extent required
      by law to relet the Premises, but shall in no event be liable for failure to
      relet the Premises or any part thereof, or, in the event of any such reletting,
      for refusal or failure to collect any rent due upon such reletting, and no
      such
      refusal or failure shall operate to relieve Tenant of any liability under this
      Lease or otherwise to affect any such liability.  No such re-entry or
      taking possession of the Premises by Landlord shall be construed as an election
      on Landlord’s part to terminate this Lease unless a written notice of such
      intention is given to Tenant.  No notice from Landlord hereunder or
      under a forcible entry and detainer statute or similar law shall constitute
      an
      election by Landlord to terminate this Lease unless such notice specifically
      so
      states.  Landlord reserves the right following any such re-entry
      and/or reletting to exercise its right to terminate this Lease by giving Tenant
      written notice thereof, in which event this Lease shall terminate as specified
      in said notice.

     

    (iv)  Landlord
      may give Tenant written notice of its election to terminate any unexercised
      right of expansion, right of first offer, right of first refusal, right of
      renewal and/or any other similar right granted to Tenant under the terms of
      this
      Lease.

     

    (b)  Waiver
      of Notice and Right to Re-Enter.  Tenant hereby waives the
      service of any notice of intention to re-enter or to institute legal proceedings
      to that end which may otherwise be required to be given under any present or
      future law.  Tenant, on its own behalf and on behalf of all persons
      claiming through or under Tenant, including all creditors, does further hereby
      waive any and all rights which Tenant and all such persons might otherwise
      have
      under any present or future law to redeem the Premises, or to re-enter or
      repossess the Premises, or to restore the operation of this Lease, after (i)
      Tenant shall have been dispossessed by a judgment or by warrant of any court
      or
      judge, or (ii) any re-entry by Landlord, or (iii) any expiration or termination
      of this Lease and the Lease Term, whether such dispossession, re-entry,
      expiration or termination shall be by operation of law or pursuant to the
      provisions of this Lease.  The words “re-enter“, “re-entry“ and
“re-entered“ as used in this Lease shall not be deemed to be restricted to their
      technical legal meanings.  In the event of a breach or threatened
      breach by Tenant, or any persons claiming through or under Tenant, of any term,
      covenant or condition of this Lease on Tenant’s part to be observed or
      performed, Landlord shall have the right to enjoin such breach and the right
      to
      invoke any other remedy allowed by law or in equity as if re-entry, summary
      proceedings and other special remedies were not provided in this Lease for
      such
      breach.  The right to invoke the remedies hereinbefore set forth are
      cumulative and shall not preclude Landlord from invoking any other remedy
      allowed at law or in equity.

     

    
      
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    (c)  Damages.

     

    (i)  In
      the
      event this Lease is terminated in accordance with the provisions of Section
      18.02(a)(i), Tenant shall remain liable to Landlord for damages in an amount
      equal to the Base Rent and any Additional Rent and any other sums due hereunder
      as of the date of termination of this Lease plus the Base and any Additional
      Rent which would have been owing by Tenant hereunder for the balance of the
      Lease Term (collectively, the “Aggregate Gross Rent“) had this Lease not been
      terminated, less the net proceeds, if any, received as a result of any reletting
      of the Premises by Landlord subsequent to such termination, after deducting
      all
      of Landlord’s expenses including, without limitation, all repossession costs,
      brokerage commissions, legal expenses, reasonable attorney fees, expenses of
      employees, alteration and repair costs and expenses of preparation for such
      reletting (collectively, the “Reletting Costs“).  Landlord shall be
      entitled to collect Base Rent, any Additional Rent and all other damages from
      Tenant monthly on the days on which Base Rent and any Additional Rent would
      have
      been payable hereunder if this Lease had not been
      terminated.  Alternatively, at the option of Landlord, in the event
      this Lease is so terminated, Landlord shall be entitled to recover forthwith
      against Tenant, as liquidated damages and not as a penalty, the then value
      of
      the Aggregate Gross Rent and Reletting Costs less the aggregate rental value
      of
      the Premises for what otherwise would have been the unexpired balance of the
      Lease Term.  In the event Landlord shall relet the Premises for the
      period which otherwise would have constituted the unexpired portion of the
      Lease
      Term (or any part thereof), the amount of Base Rent and Additional Rent and
      other sums payable by the tenant thereunder shall be deemed prima facie to
      be
      the rental value for the Premises (or the portion thereof so relet) for the
      term
      of such reletting.  Tenant shall in no event be entitled to any rents
      collected or payable in respect of any reletting, whether or not such rents
      shall exceed the Base Rent and any Additional Rent reserved in this
      Lease.  Tenant shall bear the burden of proof in any proceeding to
      determine the “rental value“ for purposes of the above calculation.

     

    (ii)  If
      Landlord does not elect to terminate this Lease, but takes possession, Tenant
      shall pay to Landlord the Base Rent and any Additional Rent which would be
      payable hereunder if such repossession had not occurred, less the net proceeds
      received by Landlord, if any, of any reletting of the Premises by Landlord
      after
      deducting the Reletting Costs to the extent not paid to Landlord pursuant to
      the
      following sentence.  Tenant shall pay Base Rent and Additional Rent
      due Landlord, monthly, on the days on which rent would have been payable
      hereunder if possession had not been retaken.

     

    (d)  Cumulative
      Remedies.  Suit or suits for the recovery of the rent and
      other amounts and damages may be brought by Landlord, from time to time, at
      Landlord’s election, and nothing in this Lease shall be deemed to require
      Landlord to await the date when this Lease would have expired had there been
      no
      default by Tenant, or no termination, as the case may be.  Each right
      and remedy provided for in this Lease shall be cumulative and shall be in
      addition to every other right or remedy provided for in this

     

    
      
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    Lease
      or
      now or hereafter existing at law or in equity or by statute or otherwise,
      including, but not limited to, suits for injunctive relief and specific
      performance.  The exercise or beginning of the exercise by Landlord of
      any one or more of the rights or remedies provided for in this Lease or now
      or
      hereafter existing at law or in equity or by statute or otherwise shall not
      preclude the simultaneous or later exercise by Landlord of any or all other
      rights or remedies provided for in this Lease or now or hereafter existing
      at
      law or in equity or by statute or otherwise.  All such rights and
      remedies shall be considered cumulative and nonexclusive.  All costs
      incurred by Landlord in connection with collecting any rent or other amounts
      and
      damages owing by Tenant pursuant to the provisions of this Lease, or to enforce
      any provision of this Lease, including reasonable attorney fees from the date
      such matter is turned over to an attorney, whether or not one or more actions
      are commenced by Landlord, shall also be paid by Tenant to
      Landlord.

     

    (e)  Miscellaneous.

     

    (i)  This
      Lease shall continue in effect for so long as Landlord does not terminate it,
      and Landlord may enforce all its rights and remedies under this Lease, including
      the right to recover the Base Rent and any Additional Rent, as the same become
      due under this Lease.  Acts of maintenance or preservation or efforts
      to relet the Premises or the appointment of a receiver upon the initiative
      of
      Landlord to protect Landlord’s interest under this Lease shall not constitute a
      termination of Tenant’s rights to possession unless Landlord shall have
      specifically elected to terminate this Lease.

     

    (ii)  No
      payments of money by Tenant to Landlord after the expiration or other
      termination of this Lease after the giving of any notice by Landlord to Tenant
      shall reinstate or extend the Lease Term, or make ineffective any notice given
      to Tenant prior to the payment of such money.  After the service of
      notice or the commencement of a suit, or after final judgment granting Landlord
      possession of the Premises, Landlord may receive and collect any sums due under
      this Lease, and the payment thereof shall not make ineffective any notice,
      or in
      any manner affect any pending suit or any judgment theretofore
      obtained.

     

    (iii)  If
      Tenant
      is in default under the terms hereof, Landlord shall have the right to remove
      all the Tenant’s property from the Premises and dispose of said property in such
      a manner as determined best by Landlord, at the sole cost and expense of Tenant
      and without liability of Landlord for the actions so taken, subject to the
      rights of any mortgagee of Landlord.

     

    Section
      18.03.  BANKRUPTCY.

     

    (a)  In
      the
      event that Tenant or any guarantor of this Lease shall become or be adjudicated
      bankrupt or insolvent, or if Tenant or any guarantor of Tenant shall file or
      acquiesce in a petition in any court in any bankruptcy, reorganization,
      composition, extension, arrangement or insolvency proceedings, or if Tenant
      or
      any guarantor of Tenant shall make an assignment or other conveyance in trust
      for the benefit of its

     

    
      
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    creditors,
      or if any execution or attachment shall be issued against Tenant or Tenant’s
      property whereupon the Premises shall be taken or occupied or attempted to
      be
      taken or occupied by someone other than Tenant and such execution or attachment
      shall not be dismissed, vacated, discharged or bonded within sixty (60) days
      after issuance of same, or if a receiver or Trustee shall be appointed for
      Tenant and such receivership be not discharged within twenty (20) days from
      the
      date of such appointment, then upon the happening of any of said events, the
      term hereby demised shall, at the option of the Landlord, cease and determine,
      it being expressly agreed that the covenant hereinafter contained against the
      assignment of this Lease shall cover the case of the assignment of this Lease
      by
      operation of law as well as the assignment of this Lease by a voluntary act
      of
      Tenant.

     

    (b)  If
      this
      Lease shall be so canceled and terminated, neither Tenant nor any person
      claiming through or under Tenant by virtue of any statute or order of any court
      shall be entitled to remain in possession of the Premises but shall forthwith
      quit and surrender the Premises.  In no event, without the written
      approval of Landlord, which approval may be granted or withheld at its sole
      discretion, shall this Lease be or be considered an asset of Tenant’s estate in
      bankruptcy or insolvency, or any receiver or trustee (hereafter referred to
      as a
“Trustee”) with respect thereto.

     

    (c)  To
      the
      extent that Landlord’s right to cancel this Lease in accordance with the
      provisions of Article XVIII of this Lease is invalid or unenforceable under
      the
      Bankruptcy Reform Act of 1978 (the “Act”), as the same may be amended from time
      to time, or any other statute or rule of law, then the following provisions
      shall apply, to the extent valid and enforceable:

     

    (d)  If
      there
      has been a default by Tenant under any provision of this Lease (other than
      this
      Section 18.03), the Trustee may not assume this Lease, unless, at the time
      of
      assumption of this Lease, the Trustee:

     

    (i)  cures,
      or
      provides adequate assurance (to Landlord’s reasonable satisfaction) that the
      Trustee will promptly cure such default; and

     

    (ii)  provides
      adequate assurance (to Landlord’s reasonable satisfaction) of future performance
      under the Lease, which shall include, without limitation, adequate
      assurance:

     

    (iii)  of
      the
      source of rent and other consideration due under such Lease;

     

    (iv)  that
      assumption or assignment of such Lease will not breach substantially any
      provision, such as a radius, location, use or exclusivity provision, in any
      other lease, financing agreement or master agreement relating to the Project;
      and

     

    (v)  that
      assumption or assignment of this Lease will not disrupt substantially any tenant
      mix or balance in the Project.

     

    
                                   (e)
        If there has been a default by Tenant, the Trustee may not require the Landlord
        to provide services or supplies incidental to this Lease
        before  assumption of this

    

    
      
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    Lease
      unless the Landlord is compensated under the terms of this Lease for any unpaid
      services, supplies, Rent, Additional Rent, and any other amounts due under
      this
      Lease but unpaid by Tenant before assumption of this Lease.

     

    (f)  If
      this
      Lease is terminated under the provisions of this Section 18.03, or by reason
      of
      rejection by the Trustee, Landlord shall be entitled to the recovery of damages,
      and such other remedies, as are provided for in this Article
      XVIII.  The foregoing sentence shall not, however, limit or prejudice
      the right of Landlord to petition for and obtain as liquidated damages in any
      bankruptcy, insolvency, receivership, reorganization or arrangement proceeding
      an amount equal to the maximum allowed by the Act or any other statute or rule
      of law governing such proceedings and in effect at the time when such damages
      are to be proved, whether or not such amount be greater, equal to or less than
      the amount of the damages referred to in the preceding sentence.

     

    Section
      18.04.  LANDLORD
      DEFAULT.  If Tenant believes that Landlord is in default of
      any of Landlord’s obligations hereunder, Tenant shall give Landlord written
      notice of default.  If Landlord does not cure such default within
      thirty (30) days after notice, or, if the default cannot reasonably be cured
      within a thirty (30) day period, if Landlord has not begun to take curative
      action or is not diligently pursuing completion of such curative action, then
      Tenant may, as its sole remedy for such default, bring an action for specific
      performance, damages, or both.  Tenant’s default notice shall be sent
      to mortgagees as specified later in this Lease.  Under no
      circumstances shall Tenant be entitled to terminate this Lease, offset Base
      Rent
      or Additional Rent, or use self-help in the event of a default or alleged
      default by Landlord under this Lease.

     

    Section
      18.05.  LEGAL
      EXPENSES.  In the event that either party hereto shall bring
      legal action against the other party, then the prevailing party shall be
      entitled to reimbursement from the other party for all expenses thus incurred,
      including reasonable attorneys’ fees.

     

    Section
      18.06.  DISTRAINT.  In
      addition to all other rights and remedies of Landlord, Landlord shall, to the
      extent permitted by law, have a right of distress for rent and a first lien
      on
      all of Tenant’s furniture, fixtures and equipment in the Premises, free and
      clear of all liens, encumbrances or equipment leases, as security for rent
      and
      all other charges payable hereunder for the Lease Term and for the performance
      of all of the covenants, terms and conditions to be performed by Tenant under
      this Lease.  Subject to the provisions hereof, upon Tenant’s default
      or breach of any covenants of this Lease, Landlord shall have all remedies
      available under the law of the State of Colorado, including but not limited
      to
      the right to take possession of the above-mentioned property and dispose of
      it
      by sale in a commercially reasonable manner.  Tenant shall execute and
      deliver from time to time financing statements at Landlord’s request for the
      purpose of perfecting and serving notice to third parties of the security
      interest herein granted.  Landlord acknowledges no ownership interest
      in Tenant’s property identified above.

     

    Section
      18.07.  WAIVER
      OF JURY TRIAL.  THE PARTIES HERETO SHALL AND THEY HEREBY DO
      WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER
      OF THE PARTIES HERETO AGAINST THE OTHER
      ON
      ANY MATTERS WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS LEASE,
      THE RELATIONSHIP OF LANDLORD AND TENANT,
       

    

    
      
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     TENANT’S
      USE OR OCCUPANCY OF THE PREMISES, AND/OR ANY CLAIM OR INJURY OR
      DAMAGE.

     

    Section
      18.08.  LATE
      PAYMENT FEES AND INTEREST CHARGE .  In the event that: 1) any
      installment or payment of Base Rent is not received by the fifth (5th) day of
      the
      applicable month of the Lease Term, or 2) Additional Rent or any other sum
      required hereunder to be paid by Tenant to Landlord is not received by Landlord
      on or before the fifth (5th) calendar day after written notice that the same
      is
      due and payable, or 3) a check is tendered to Landlord which is returned by
      Landlord’s bank for insufficient funds, (each of which a “late payment”) then
      for each and every such late payment, in addition to the payment then in
      arrears, Tenant shall immediately pay to Landlord, as Additional Rent, a late
      payment fee equal to five percent (5%) of the unpaid principal sum due plus
      interest accruing on the unpaid sum at the rate of one and one half percent
      (11⁄2%) per month beginning on the date such money becomes due and payable until
      such money is paid in full.  The provisions in this Lease providing
      for the payment of a late payment fee shall not be construed to extend the
      date
      for payment of any sums required to be paid by Tenant hereunder or to relieve
      Tenant of its obligation to pay all such sums at the time or times herein
      stipulated.  Notwithstanding the imposition of such late payment fees
      pursuant to this Section 18.08, Tenant shall be in default under this Lease
      if
      any or all payments required to be made by Tenant are not made at the time
      herein stipulated, and neither the demand for, nor collection by, Landlord
      of
      such delinquent principal sums and late payment fees shall be construed as
      a
      cure of such default on the part of Tenant.

     

    ARTICLE
      XIX

     

    HOLDING
      OVER, SUCCESSORS

     

    Section
      19.01.  HOLDING
      OVER.  Any holding over after the expiration of the Lease
      Term hereof shall be construed to be a tenancy from month to month and the
      minimum monthly rent payable during such holdover period shall be an amount
      equal to one and one-half times the Base Rent and Additional Rent payable during
      the last twelve month period of the Lease Term (pro-rated on a monthly basis)
      and shall otherwise be on the terms and conditions herein specified, so far
      as
      applicable.

     

    Section
      19.02.  SUCCESSORS.  All
      rights and liabilities herein given to, or imposed upon, the respective parties
      hereto shall extend to and bind the several respective heirs, executors,
      administrators, successors, and assigns of the said parties, and if there shall
      be more than one party hereto as Tenant, they shall all be bound jointly and
      severally by the terms, covenants and agreements herein.  No rights,
      however, shall inure to the benefit of any assignee of Tenant unless the
      assignment to such assignee has been approved by Landlord in writing as provided
      in Section 15.01 hereof.

     

    ARTICLE
      XX

     

    QUIET
      ENJOYMENT

     

    
                     
        Section 20.01.NO HINDRANCE. Landlord warrants that it
        has full right and power to execute and perform this Lease and to grant the
        estate demised herein and that Tenant, on

    

    
      
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    payment
      of the rent and performing the covenants herein contained, shall peaceably
      and
      quietly have, hold and enjoy the demised Premises for the uses and purposes
      herein set forth during the full Lease Term, provided, however, that Tenant
      accepts this Lease subject and subordinate to the Ground Lease, any recorded
      mortgage, deed of trust, underlying lease, or other lien currently existing
      upon
      the Premises.  Landlord is hereby vested with full power and authority
      to subordinate Tenant’s interest hereunder to any mortgage, deed of trust, or
      other lien hereafter placed on the Premises, and Tenant agrees upon demand
      to
      execute such further instruments subordinating this Lease as Landlord may
      request, provided such further subordination shall be upon the express condition
      that this Lease shall be recognized by the mortgagee and that the rights of
      Tenant shall remain in full force and effect during the Lease Term so long
      as
      Tenant shall continue to perform all of the covenants of this
      Lease.

     

    Section
      20.02.COVENANT OF LANDLORD AND
      TENANT.  Landlord covenants to observe and perform all of the
      terms and conditions to be observed and performed by Landlord under this Lease.
      Tenant covenants to pay rent when due under this Lease and to observe and
      perform all of the terms and conditions to be observed and performed by Tenant
      under this lease.

     

     

    ARTICLE
      XXI

     

    MISCELLANEOUS

     

    Section
      21.01.  WAIVER.  No
      waiver by the parties hereto of any default or breach of any term, condition
      or
      covenant of this Lease shall be deemed to be waiver of any subsequent default
      or
      breach of the same or any other term, condition or covenant contained
      herein.  The acceptance of rent shall not be deemed a waiver of any
      preceding breach, and no waiver shall be deemed to have been given except if
      same be in writing. The failure of the Landlord to collect any amount due
      pursuant to this Lease, whether Base Rent or Additional Rent, shall not act
      as a
      waiver of the collection of such amount, provided, however, that no action
      shall
      be brought to collect any such amount more than five (5) years after the
      expiration of this Lease.

     

    Section
      21.02.  ACCORD
      AND SATISFACTION.  No payment by Tenant or receipt by
      Landlord of a lesser amount than the rent herein stipulated shall be deemed
      to
      be other than on account of the stipulated rent, nor shall any endorsement
      or
      statement on any check or any letter which may accompany any check or payment
      be
      deemed an accord and satisfaction, and Landlord may accept such check or payment
      without prejudice to Landlord’s right to recover the balance of such rent or
      pursue any other remedy in this Lease provided.

     

    Section
      21.03.  ENTIRE
      AGREEMENT.  This Lease, the Riders and the Exhibits attached
      hereto and forming a part hereof, set forth all the covenants, promises,
      agreements, conditions
      and understandings between Landlord and Tenant concerning the Premises and
      there
      are no covenants, promises, agreements, conditions or understandings, either
      oral or written between them other than are herein set forth. Except as herein
      otherwise provided, no subsequent alteration, amendment, change or addition
      to
      this Lease shall be binding upon Landlord or Tenant unless reduced to writing
      and signed by them.

     

    
      
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    Section
      21.04.  CHANGE
      OF NAME.  Tenant agrees not to change the advertised name of
      the business operated in the Premises without the written permission of
      Landlord. 

     

    Section
      21.05.  NO
      PARTNERSHIP.  Landlord does not, in any way or for any
      purpose, become a partner of Tenant in the conduct of Tenant’s business or
      otherwise, or a joint venturer or a member of a joint enterprise with
      Tenant.

     

    Section
      21.06.  FORCE
      MAJEURE.  In the event that either party hereto shall be
      delayed or hindered in or prevented from the performance of any act required
      hereunder by reason of strikes, lock-outs, labor troubles, inability to procure
      materials, failure of power, restrictive governmental laws or regulations,
      riots, insurrection, war or other reason of a like nature not the fault of
      the
      party delayed in performing work or doing acts required under the terms of
      this
      Lease, then performance of such act shall be excused for the period of the
      delay
      and the period for the performance of any such act shall be extended for a
      period equivalent to the period of such delay (“Force Majeure Delay”). The
      provisions of this section shall not operate to excuse Tenant from prompt
      payment of Base Rent, Additional Rent or any other payments required of Tenant
      by the terms of this Lease.

     

    Section
      21.07.  NOTICES,
      PLACE RENT PAYABLE.

     

    (a)  Any
      and
      all notices required or which either party herein may desire to give to the
      other (each, a “Notice”) shall be made in writing and shall be given by
      certified or registered mail, postage prepaid, return receipt requested, or
      by a
      nationally recognized overnight courier, such as Federal Express or Airborne
      Express, or by personal service, or by electronic facsimile with proof of
      receipt, and shall be deemed to be given on the third business day after the
      date of posting in a United States Post Office or branch post office or one
      day
      after delivery to the overnight courier, or upon effecting personal service
      or
      delivery by facsimile, and shall be delivered to Landlord’s Notice Address or
      Tenant’s Notice Address, as appropriate.  The parties agree that
      copies of all Notices to be delivered to Landlord and Tenant hereunder shall
      be
      simultaneously delivered to the specified addresses for copies set forth in
      Section 1.01, if any.  Either party may, by notice as aforesaid
      actually received, designate a different address or addresses for communications
      intended for it.  Anything contained herein to the contrary
      notwithstanding, any bills or invoices for Base Rent, any Additional Rent or
      any
      Landlord’s Operating Statement may be given by hand or by mail (which need not
      be registered or certified) and, if so given, shall be deemed given on the
      date
      of delivery or refusal, if by hand, or on the third (3rd) business day following
      the date of posting, if mailed.

     

    (b)  Notices
      given hereunder by any party may be given by legal counsel for such party or
      by
      Landlord’s agent.  The foregoing notice provisions shall in no
      way prohibit
      notice from being given as provided in the rules of civil procedure of the
      state
      of Colorado, as the same may be amended from time to time and any notice so
      given shall constitute notice herein.

     

    Section
      21.08.  CAPTIONS
      AND SECTION NUMBERS.  The captions, section numbers and
      article numbers appearing in this Lease are inserted only as a matter of
      convenience 

     

     

     

    
      
        
        

      

      
        
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          02-137296.3

        

        
          

        

      

      
        
        

      

       

      and
        in no
        way define, limit, construe or describe the scope or intent of such sections
        or
        articles of this Lease, nor in any way affect this Lease.

    

     

    Section
      21.09.  TENANT
      DEFINED, LANDLORD DEFINED.  The word “Tenant” shall be deemed
      and taken to mean each and every person or party mentioned as a Tenant herein,
      be the same one or more.  If there shall be more than one party hereto
      as Tenant, the liability of each party under this Lease as Tenant shall be
      joint
      and several, and any notice required or permitted by the terms of this Lease
      may
      be given by or to any one thereof.  The use of the neuter singular
      pronoun to refer to Landlord or Tenant shall be deemed a proper reference even
      though Landlord or Tenant may be an individual, a partnership, a corporation,
      or
      a group of two or more individuals or corporations.  The necessary
      grammatical changes required to make the provisions of this Lease apply in
      the
      plural sense where there is more than one Landlord or Tenant and to either
      corporations, associations, partnerships or individuals, males or females,
      shall
      in all instances be assumed as though in each case fully expressed.

     

    The
      term
“Landlord” as used in this Lease means only the ground lessee under the Ground
      Lease so that in the event of any assignment of such ground lessee’s interest in
      the Ground Lease or further sub-lease of the entire Building or an assignment
      of
      this Lease, the assignor or sub-lessor shall be and hereby is entirely freed
      and
      relieved of all obligations of “Landlord” hereunder, and Tenant shall look
      solely to the successor in interest of the assignor or sub-lessor as “Landlord”
under this Lease upon delivery to Tenant of notice of such assignment or
      sub-lease; provided, however, that any funds in the hands of the assignor or
      sub-lessor in which Tenant has an interest shall be delivered to the assignor
      or
      sub-lessor’s successor in interest, and provided, further, that the successor in
      interest shall execute an agreement assuming all of the obligations of
“Landlord” under this Lease from and after the date of such assignment or
      sub-lease (but shall not be required to assume any obligations that accrued
      prior to such transfer.)  This Lease shall not be affected by such
      transfer or lease, and Tenant agrees to attorn to the transferee or assignee,
      such attornment to be effective and self-operative without the execution of
      any
      further instrument by the parties to this Lease.

     

    Section
      21.10.  GOVERNING
      LAW, PARTIAL INVALIDITY.  This Lease shall be construed and
      governed by the laws of Colorado.  If any term, covenant or condition
      of this Lease or the application thereof to any person or circumstance shall,
      to
      any extent, be invalid or unenforceable under the laws of the said State, or
      otherwise, the remainder of this Lease, or the application of such term,
      covenant or condition to persons or circumstances other than those as to which
      it is held invalid or unenforceable, shall not be affected thereby and each
      term, covenant and condition of this Lease shall be valid and be enforced to
      the
      fullest extent permitted by law.

     

    Section
      21.11.  REPRESENTATION
      OF PARTIES.  The parties hereto represent and warrant to each
      other that neither has been represented by any broker in connection with the
      negotiation and/or execution of this Lease other than Landlord’s Broker and
      Tenant’s Broker on behalf
      of
      Landlord and Tenant, respectively, and that there are no claims for brokerage
      commissions or finder’s fees in connection therewith except as previously agreed
      to in writing between Tenant and Landlord, and that neither has dealt with
      a
      person, firm or corporation in connection herewith.  Each of the
      parties hereto agrees to indemnify and hold harmless the other party against
      and
      from all liabilities arising from any such claim including, without limitation,
      the cost of counsel fees in connection therewith.

     

     

    
      
        
        

      

      
        
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          02-137296.3

        

        
          

        

      

      
        
        

      

    

    Section
      21.12.  NO
      OPTION.  The submission of this Lease for examination does
      not constitute a reservation of or option for the Premises and this Lease
      becomes effective as a lease only upon execution and delivery thereof by
      Landlord and Tenant.

     

    Section
      21.13.  RECORDING.  Tenant
      shall not record this Lease or a memorandum hereof without the prior written
      consent of Landlord.  Upon Landlord’s request, Tenant agrees to
      execute and acknowledge a short form lease in recordable form, indicating the
      names and addresses of Landlord and Tenant, a description of the Premises,
      the
      Lease Term, the Lease and Rent Commencement Dates and Expiration Date, and
      options for renewal, if any, but omitting Base Rent and other terms of this
      Lease.  Further, upon Landlord’s request, Tenant agrees to execute and
      acknowledge a termination of lease in recordable form to be held by Landlord
      until the Expiration Date or earlier termination of the Lease Term.

     

    Section
      21.14.  LANDLORD’S
      LIABILITY.  IT IS SPECIFICALY UNDERSTOOD AND AGREED THAT
      THERE SHALL BE NO PERSONAL LIABILITY ON LANDLORD IN RESPECT TO ANY OF THE
      COVENANTS, CONDITIONS OR PROVISIONS OF THIS LEASE.  In no event shall
      Landlord be liable to Tenant for any failure of other tenants in the Building
      to
      occupy their spaces or operate their businesses, or for any loss or damage
      that
      may be occasioned by or through the acts or omissions of other
      tenants.  Notwithstanding anything to the contrary provided in this
      Lease, neither Landlord, nor any member, manager, general or limited partner
      in
      or of Landlord, whether direct or indirect, nor any direct or indirect member,
      manager or partner in such members or partners, nor any disclosed or undisclosed
      officers, managers, members, shareholders, principals, directors, employees,
      partners, servants or agents of Landlord, nor any of the foregoing, nor any
      investment adviser or other holder of any equity interest in Landlord, their
      successors, assigns, agents, or any mortgagee in possession shall have any
      personal liability with respect to any provisions of this Lease.  If
      Landlord is in breach or default with respect to its obligations or otherwise,
      Tenant shall look solely to Landlord’s interest in the Building for the
      satisfaction of Tenant’s remedies and any judgment or award entered against
      Landlord.

     

    Section
      21.15.  ABANDONED
      PROPERTY.   Any property owned by Tenant and left in the
      Premises after this Lease terminates, or after Tenant vacates the Premises,
      shall be deemed abandoned property and Landlord shall have the right, but not
      the obligation, to dispose of such property, without liability to Tenant for
      the
      disposal of such property.

     

    Section
      21.16.  AUTHORITY
      OF TENANT.  Each individual executing this Lease on behalf of
      Tenant represents and warrants that he or she is duly authorized to execute
      and
      deliver this Lease on behalf of Tenant, and that this Lease is binding upon
      Tenant in accordance with its terms.  Tenant shall, at the time of
      execution of this Lease, deliver to Landlord a document to this
      effect.

    
       

      Section
        21.17.      FINANCIAL STATEMENTS.
Tenant shall, when requested by Landlord, furnish
        to Landlord a true
        and accurate statement of its financial condition for its most recent
        fiscal year, prepared in conformity with generally recognized accounting
        principles. Landlord agrees to treat Tenant’s financial statements as
        confidential and agrees to disclose them only to prospective purchasers or
        ground lessors of the Premises or to lenders.

    

     

    
      
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    Section
      21.18.  AUTHORITIES
      FOR ACTION.  Landlord may act through its managing agent for
      the Building or through any other person who may from time to time be designated
      by Landlord in writing.  Tenant shall designate in writing one or more
      persons to act on its behalf and may from time to time change such designation
      by written notice to Landlord.  In the absence of any such
      designation, the person or persons executing this Lease on behalf of Tenant
      shall be deemed to be authorized to act on behalf of Tenant in any matter
      provided for herein.

     

    Section
      21.19.  SEVERABILITY.  If
      any term or provision of this Lease or the application thereof to any person
      or
      circumstances shall be declared by a judicial body to be illegal, invalid or
      unenforceable, the remainder of this Lease, or the application of such term
      or
      provision to persons or circumstances other than those to which it is held
      invalid or unenforceable, shall not be affected thereby, and all other terms
      and
      provisions of this Lease shall be valid and enforced to the fullest extent
      permitted by law.

     

    Section
      21.20.  INTERPRETATION.

     

    (a)  Whenever
      in this Lease any words of obligation or duty are used, such words or
      expressions shall have the same force and effect as though made in the form
      of a
      covenant.

     

    (b)  All
      pronouns and any variances thereof shall be deemed to refer to the neuter,
      masculine, feminine, singular or plural, when the context requires.

     

    (c)  No
      remedy
      or election given pursuant to any provision in this Lease shall be deemed
      exclusive unless so indicated, but each shall, wherever possible, be cumulative
      with all other remedies at law or in equity as otherwise specifically provided
      herein.

     

    (d)  If,
      and
      to the extent that, any of the provisions of any amendment, modification or
      rider to this Lease conflict or are otherwise inconsistent with any of the
      preceding provisions of this Lease, or of the rules and regulations appended
      to
      this Lease, whether or not such inconsistency is expressly noted in such
      amendment, modification or rider, the provisions of such amendment, modification
      or rider shall prevail, or in case of any inconsistency with the rules and
      regulations, such rules and regulations shall be deemed to be waived with
      respect to Tenant to the extent of such inconsistency.

     

    (e)  The
      parties mutually agree that the headings and captions contained in this Lease
      are inserted for convenience of reference only.

     

    (f)  This
      Lease shall be construed in accordance with the laws of Colorado.

    
                             
      (g)     Landlord and Tenant each acknowledge and warrant
      that it has been represented by independent counsel and has executed this Lease
      after being fully advised by said counsel as to its effect and significance.
      This Lease is the result of negotiations between the parties and their
      respective attorneys and no provision shall be construed against a party solely
      on the basis of authorship.

     

    
      
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    Section
      21.21.  NO
      LIGHT, VIEW OR AIR EASEMENT.  This Lease does not grant any
      rights to light, view, or air to, from or over the Premises to the extent such
      items are affected by activities occurring off the Premises.  Any
      diminution or shutting off of light, view, or air by any structure which is
      now
      or hereafter erected on or off the Building property shall not affect this
      Lease
      or impose any liability on Landlord.

     

                  
      Section 21.22.     
FURNITURE.  Tenant shall receive all furniture located within
      the Premises for the sum of $1.00. Landlord to provide Tenant with a Bill of
      Sale for all furniture.

     

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    IN
      WITNESS WHEREOF, the parties hereto have executed this Lease as of the
      day and year first written above.

     

    
      	 	 	 	 LANDLORD:	 
	 	 	 	 	 
	 WITNESS:	 	 	DENVER
              WEST OFFICE
              LEASING COMPANY, LLC 	 
	 	 	 	 	 
	
              /s/
                P.
                Ilenfeld

            	 	
               

            	
              By: 
/s/
                Ryan R. Toole

            	 (SEAL)
	
               

            	 	 	
              Its:
General
                Manager 

            	 
	
               

            	 	 	
               

            	 

    

     

     

     

    
      	 	 	 	TENANT: 	 
	 	 	 	 	 
	WITNESS/ATTEST: 	 	 	V2K
              WINDOW FASHIONS, INC. 	 
	 	 	 	 	 
	
              /s/ 
                Randy Lewis

            	 	 	
              By: 
                /s/ Samuel Smith 

            	 (SEAL)
	
               

            	 	 	
              Print
                Name:   Samuel Smith 

            	 
	
               

            	 	 	
              Its: 
                Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]