Document:

Exhibit 10.24

    
      

    

     

    
      Exhibit
        10.24

      

      THIS
        WARRANT AND THE SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN
        REGISTERED UNDER THE SECURITIES ACT OF 1933 ("FEDERAL ACT") OR THE SECURITIES
        LAWS OF ANY STATE IN RELIANCE UPON THE EXEMPTIONS CONTAINED THEREIN, AND
        IN
        PARTICULAR PARAGRAPH (13) OF SECTION 10-5-9 OF THE GEORGIA SECURITIES LAW.
        THIS
        WARRANT AND ANY SHARES ISSUED UPON EXERCISE OF THIS WARRANT MAY NOT BE OFFERED
        FOR SALE, SOLD, TRANSFERRED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNLESS
        REGISTERED UNDER THE FEDERAL ACT AND APPLICABLE STATE SECURITIES LAWS OR
        THE
        COMPANY IS SATISFIED THAT SUCH REGISTRATION IS NOT REQUIRED.

      

      IN
        MAKING
        AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE
        COMPANY AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS
        INVOLVED.

      

      INVESTORS
        SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISK OF THIS
        INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.

      

      
        	
                Warrant
                  to Purchase __________ Shares of Common
                  Stock

              

      

      

      
        	 	 	
                FORM
                  OF

              	 	 
	 	 	
                IMPART
                  MEDIA GROUP, INC.

              	 	
                ___________,
                  2005

              
	 	 	
                WARRANT
                  CERTIFICATE

              	 	 

      

      

      

      1.    Issuance
        of Warrant; Term.

      

      (a)    For
        and
        in consideration of good and valuable consideration, the receipt and sufficiency
        of all of which are hereby acknowledged, Limelight Media Group, Inc.. (the
        "Company") hereby grants to ____________ ("Holder") the right to purchase
        ______________ shares of the Company's Common Stock, $.001 par value per
        share
        (the "Common Stock").

      

      (b)    The
        shares of Common Stock issuable upon exercise of this Warrant are hereinafter
        referred to as the "Shares." This Warrant shall be exercisable at any time
        and
        from time to time from the date hereof until this Warrant expires at 5:00
        P.M.
        Eastern time on Nov 2, 2010.

      

      2.    Exercise
        Price.
        The
        exercise price (the "Exercise Price") per share for which all or any of the
        Shares may be purchased pursuant to the terms of this Warrant shall be One
        Dollar and 01/100ths ($1.00)

      

      3.    Exercise.
        This
        Warrant may be exercised by the Holder hereof (but only on the conditions
        hereafter set forth) as to all or any increment or increments of ten (10)
        Shares
        (or the balance of the Shares if less than that number), upon delivery of
        written notice of intent to exercise to the Company at the following address:
        1300 N. Northlake Way, Seattle, WA 98103, Attention: David V. Lott, Chief
        Executive Officer, or any other address as the Company shall designate in
        a
        written notice to the Holder hereof, together with this Warrant and payment
        to
        the Company of the aggregate Exercise Price of the Shares so purchased. The
        Exercise Price shall be payable by certified or bank check. Upon exercise
        of
        this Warrant, the Company shall as promptly as practicable, and in any event
        within fifteen (15) days thereafter, execute and deliver to the Holder of
        this
        Warrant a certificate or certificates for the total number of whole Shares
        for
        which this Warrant is being exercised in the names and denominations as are
        requested by the Holder. If this Warrant shall be exercised with respect
        to less
        than all of the Shares, the Holder shall be entitled to receive a new Warrant
        covering the number of Shares in respect of which this Warrant shall not
        have
        been exercised, which new Warrant shall in all other respects be identical
        to
        this Warrant. The Company covenants and agrees that it will pay when due
        any and
        all state and federal issue taxes which may be payable in respect of the
        issuance of this Warrant or the issuance of any Shares upon exercise of this
        Warrant.

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      In
        lieu
        of exercising this warrant the holder may elect to receive without the payment
        by the holder of any additional consideration, shares of common Stock equal
        to
        the value of this warrant (or the portion thereof being cancelled) by surrender
        of this warrant, in which the Corporation shall issue to the holder hereof
        a
        number of common Stock computed using the following formula.

       

      X=Y
        (A-B)/ A

       

      X=
        then
        number of shares of Common Stock to be issued to the holder pursuant to this
        net
        exercise

      Y=
        the
        number of shares of Common Stock in respect of which the net issue election
        is
        made

      A=
        the
        fair market value of one share of the Common Stock at the time the net election
        is made.

      B=
        the
        warrant price (as adjusted to the date of the net issuance).

      

      If
        an
        effective registration covering the shares to be issued under this warrant
        at
        the time of the exercise, then the cashless exercise provision outline in
        the
        preceding paragraph shall not apply.

      

      

      4.    Covenants
        and Conditions.
        The
        above provisions are subject to the following:

      

      (a)    Neither
        this Warrant nor the Shares have been registered under the Securities Act
        of
        1933, as amended ("Securities Act"), or any state securities laws ("Blue
        Sky
        Laws"). This Warrant has been acquired for investment purposes and not with
        a
        view to distribution or resale and may not be pledged, hypothecated, sold,
        made
        subject to a security interest, or otherwise transferred without (i) an
        effective registration statement for the Warrant under the Securities Act
        and
        all applicable Blue Sky Laws, or (ii) an opinion of counsel, which opinion
        and
        counsel shall be reasonably satisfactory to the Company and its counsel,
        that
        registration is not required under the Securities Act or under any applicable
        Blue Sky Laws (the Company hereby acknowledges that Sims Moss Kline & Davis
        LLP is acceptable counsel). Transfer of Shares issued upon the exercise of
        this
        Warrant shall be restricted in the same manner and to the same extent as
        the
        Warrant, and the certificates representing the Shares shall, subject to Section
        6 hereof, bear substantially the following legend:

      

      The
        securities represented by this certificate have been issued in reliance upon
        the
        representation of the Holder that they have been acquired for investment
        and not
        with a view toward the resale or other distribution thereof, and have not
        been
        registered under the Securities Act of 1933 (the "Federal Act") or the
        securities laws of any state in reliance upon the exemptions from registration
        contained therein, and may not be offered, sold, transferred, encumbered
        or
        otherwise disposed of unless there is an effective registration statement
        under
        the Federal Act and applicable state securities laws relating thereto or
        the
        Company is satisfied registration is not required.

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      The
        Holder hereof and the Company agree to execute all other documents and
        instruments as counsel for the Company reasonably deems necessary to effect
        the
        compliance of the issuance of this Warrant and any shares of Common Stock
        issued
        upon exercise hereof with applicable federal and state securities
        laws.

      

      The
        Holder is entitled to piggy back registration rights on the Shares issued
        upon
        exercise of these warrants under any acceptable registration statement the
        Company may file in the future.

      

      (b)    The
        Company covenants and agrees that all Shares which may be issued upon exercise
        of this Warrant will, upon issuance and payment therefor, be legally and
        validly
        issued and outstanding, fully paid and nonassessable, free from all taxes,
        liens, charges and preemptive rights, if any, with respect thereto or to
        the
        issuance thereof. The Company shall at all times reserve and keep available
        for
        issuance upon the exercise of this Warrant that number of authorized but
        unissued shares of Common Stock as will be sufficient to permit the exercise
        in
        full of this Warrant.

      

      5.    Adjustment
        of Exercise Price and Number of Shares Issuable.
        The
        Exercise Price and the number of Shares (or other securities or property)
        issuable upon exercise of this Warrant shall be subject to adjustment from
        time
        to time upon the occurrence of any of the events enumerated in this Section
        5.

      

      (a)    Common
        Stock Reorganization.
        If the
        Company shall (i) subdivide or consolidate its outstanding shares of Common
        Stock (or any class thereof) into a greater or smaller number of shares,
        (ii)
        pay a dividend or make a distribution on its Common Stock (or any class thereof)
        in shares of its capital stock, or (iii) issue by reclassification of its
        Common
        Stock (or any class thereof) any shares of its capital stock (any event
        described in clauses (i), (ii) or (iii) being called a "Common Stock
        Reorganization"), then the Exercise Price and the type of securities for
        which
        this Warrant is exercisable shall be adjusted immediately so that the Holder
        thereafter shall be entitled to receive upon exercise of this Warrant the
        aggregate number and type of securities that it would have received if this
        Warrant had been exercised immediately prior to the Common Stock Reorganization.
        This does not apply to the pending 20:1 Reverse Split anticipated at the
        issue
        of this warrant.

      

      (b)    Adjustment
        in Number of Shares.
        Upon
        each adjustment to the Exercise Price pursuant to subsections (a) of this
        Section 5, this Warrant shall thereafter evidence the right to receive upon
        payment of the adjusted Exercise Price that number of Shares obtained by
        multiplying the number of Shares previously issuable upon exercise of this
        Warrant by a fraction, the numerator of which is the Exercise Price prior
        to
        adjustment and the denominator of which is the adjusted Exercise Price.

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      (c)    Capital
        Reorganizations.
        If
        there shall be any consolidation, merger or amalgamation of the Company with
        another person or entity or any acquisition of capital stock of the Company
        by
        means of a share exchange, other than a consolidation, merger or share exchange
        in which the Company is the continuing corporation or any sale or conveyance
        of
        the property of the Company as an entirety or substantially as an entirety,
        or
        any reorganization or recapitalization of the Company (a "Capital
        Reorganization"), then the Holder of this Warrant shall no longer have the
        right
        to purchase Common Stock, but shall have instead the right to purchase, upon
        exercise of this Warrant, the kind and amount of shares of stock and other
        securities and property (including cash) which the Holder would have owned
        or
        have been entitled to receive pursuant to the Capital Reorganization if this
        Warrant had been exercised immediately prior to the effective date of the
        Capital Reorganization. As a condition to effecting any Capital Reorganization,
        the Company or the successor or surviving corporation, as the case may be,
        shall
        assume by a supplemental agreement, satisfactory in form, scope and substance
        to
        the Holder (which shall be mailed or delivered to the Holder of this Warrant
        at
        the last address of the Holder appearing on the books of the Company) the
        obligation to deliver to the Holder shares of stock, securities, cash or
        property as, in accordance with the foregoing provisions, the Holder may
        be
        entitled to purchase, and all other obligations of the Company set forth
        in this
        Warrant.

      

      (d)    Determination
        of Fair Market Value.
        Subject
        to the provisions set forth below, the fair market value of the Company or
        of
        any non-cash consideration received by the Company upon any Common Stock
        Distribution shall be determined in good faith by the Board of Directors
        of the
        Company. Upon each determination, the Company shall promptly give notice
        thereof
        to the Holder, setting forth in reasonable detail the calculation of the
        fair
        market value and the method and basis of determination thereof (the "Company
        Determination"). If the Holder shall disagree with the Company Determination
        and
        shall, by notice to the Company given within thirty (30) days after the
        Company's notice of the Company Determination, elect to dispute the Company
        Determination, the Company shall, within thirty (30) days after receipt of
        the
        notice, engage an investment bank or other qualified appraisal firm acceptable
        to the Holder to make an independent determination of the fair market value
        of
        the Company or of any non-cash consideration received by the Company upon
        any
        Common Stock Distribution (the "Appraiser Determination"). The Appraiser
        Determination shall be final and binding on the Company and the Holder. The
        cost
        of the Appraiser Determination shall be borne by the Company.

      

      (e)    Adjustment
        Rules.
        Any
        adjustments pursuant to this Section 5 shall be made successively whenever
        an
        event referred to herein shall occur. No adjustment shall be made pursuant
        to
        this Section 5 in respect of the issuance from time to time of shares of
        Common
        Stock upon the exercise of this Warrant or upon the exercise or conversion
        of
        any other Option Securities or Convertible Securities.

      

      (f)    Proceedings
        Prior to Any Action Requiring Adjustment.
        As a
        condition precedent to the taking of any action which would require an
        adjustment pursuant to this Section 5, the Company shall take any action
        which
        may be necessary, including obtaining regulatory approvals or exemptions,
        in
        order that the Company may thereafter validly and legally issue as fully
        paid
        and nonassessable all shares of Common Stock which the Holder of this Warrant
        is
        entitled to receive upon exercise thereof. 

      

      (g)    Notice
        of Adjustment.
        Not
        less than ten (10) days prior to the record date or effective date, as the
        case
        may be, of any action which requires or might require an adjustment or
        readjustment pursuant to this Section 5, the Company shall give notice to
        the
        Holder of the event, describing the event in reasonable detail and specifying
        the record date or effective date, as the case may be, and, if determinable,
        the
        required adjustment and the computation hereof. If the required adjustment
        is
        not determinable at the time of the notice, the Company shall give notice
        to the
        Holder of the adjustment and computation promptly after the adjustment becomes
        determinable.

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      6.    Transfer
        of Warrant.
        Subject
        to the provisions of Section 4 hereof, this Warrant may be transferred, in
        whole
        or in part, to any person or business entity, by presentation of the Warrant
        to
        the Company with written instructions for the transfer. Upon the presentation
        for transfer, the Company shall promptly execute and deliver a new Warrant
        or
        Warrants in the form hereof in the name of the assignee or assignees and
        in the
        denominations specified in the instructions. The Company shall pay all expenses
        incurred by it in connection with the preparation, issuance and delivery
        of
        Warrants under this Section. Any transferee of this Warrant by acceptance
        thereof, agrees to be bound by all of the terms and conditions of this
        Warrant.

      

      7.    Warrant
        Holder Not Shareholder; Rights Offering; Preemptive Rights.
        Except
        as otherwise provided herein, this Warrant does not confer upon the Holder
        any
        right whatsoever as a shareholder of the Company. Notwithstanding the foregoing,
        if the Company should offer to all of the Company's shareholders the right
        to
        purchase any securities of the Company, then all shares of Common Stock that
        are
        subject to this Warrant shall be deemed to be outstanding and owned by the
        Holder and the Holder shall be entitled to participate in the offer. The
        Company
        shall not grant any preemptive rights with respect to any of its capital
        stock
        if the preemptive rights are exercisable upon exercise of this
        Warrant.

      

      8.    Basic
        Financial Information.

      

      The
        Company will deliver to Holder:

      

      (a)    As
        soon
        as practicable after the end of each fiscal year of the Company, and in any
        event within ninety (90) days thereafter, a consolidated balance sheet of
        the
        Company as at the end of such fiscal year, and consolidated statements of
        operations, cash flow and changes in equity of the Company for such year,
        prepared in accordance with GAAP consistently applied and setting forth in
        each
        case in comparative form the figures for the previous fiscal year, all in
        reasonable detail and audited and reported on by independent public accountants
        of recognized national standing selected by the Company.

      

      (b)    From
        the
        date the Company becomes subject to the reporting requirements of the Exchange
        Act, and in lieu of the financial information required pursuant to Section
        8(a),
        copies of its annual reports and all exhibits thereto and its quarterly reports,
        if any, respectively,

      

      (c)    As
        soon
        as practicable after transmission or occurrence and in any event within ten
        (10)
        days thereof, copies of any financial reports or communications (exclusive
        of
        reports or communications relating to the practice of medicine) delivered
        to any
        class of the Company's security Holders or broadly to the financial community,
        including any filings by the Company with any securities exchange, the
        Commission or the National Association of Securities Dealers.

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      (d)    with
        reasonable promptness, any other financial data as the Holder may reasonably
        request.

      

      9.    Lost,
        Stolen, Mutilated or Destroyed Warrant.
        If this
        Warrant is lost, stolen, mutilated or destroyed, the Company may, on such
        terms
        as to indemnity or otherwise as it may in its discretion reasonably impose
        (which shall, in the case of a mutilated Warrant, include the surrender
        thereof), issue a new Warrant of like denomination and tenor as the Warrant
        so
        lost, stolen, mutilated or destroyed. Any such new Warrant shall represent
        the
        original contractual obligation of the Company, whether or not the allegedly
        lost, stolen, mutilated or destroyed Warrant shall be at any time enforceable
        by
        anyone.

      

      10.   Certain
        Notices.
        In case
        at any time the Company shall propose to:

      

      (a)    declare
        any cash dividend upon its Common Stock;

      

      (b)    declare
        any dividend upon its Common Stock payable in stock or make any special dividend
        or other distribution to the Holders of its Common Stock;

      

      (c)    offer
        for
        subscription to the Holders of any of its Common Stock any additional shares
        of
        stock in any class or other rights;

      

      (d)    reorganize,
        or reclassify the capital stock of the Company, or consolidate, merge or
        otherwise combine with, or sell all or substantially all of its assets to,
        another corporation; or

      

      (e)    voluntarily
        or involuntarily dissolve, liquidate or wind up of the affairs of the
        Company;

      

      then
        in
        any one or more of these events, the Company shall give to the Holder, by
        certified or registered mail, (i) at least twenty (20) days' prior written
        notice of the date on which the books of the Company shall close or a record
        shall be taken for the dividend, distribution or subscription rights or for
        determining rights to vote in respect of any reorganization, reclassification,
        consolidation, merger, sale, dissolution, liquidation or winding up, and
        (ii) in
        the case of the reorganization, reclassification, consolidation, merger,
        sale,
        dissolution, liquidation or winding up, at least twenty (20) days' prior
        written
        notice of the date when the same shall take place. Any notice required by
        clause
        (i) shall also specify, in the case of any dividend, distribution or
        subscription rights, the date on which the Holders of Common Stock shall
        be
        entitled thereto, and any notice required by clause (ii) shall specify the
        date
        on which the Holders of Common Stock shall be entitled to exchange their
        Common
        Stock for securities or other property deliverable upon the reorganization,
        reclassification, consolidation, merger, sale, dissolution, liquidation or
        winding up, as the case may be.

      

        
          
            
            

          

          
            6

            
              

            

          

          
            
            

          

        

      

       

      10.   Redemption.
        This
        Warrant shall be redeemable by the Company at $0.01 per share remaining subject
        hereto after 20 business days' written notice if the price of the Common
        Stock
        closes above $1.00 for 20 consecutive trading days and provided that the
        Company
        then has in effect an effective registration statement with respect to the
        shares of Common Stock issuable upon exercises of this Warrant.

      

      IN
        WITNESS WHEREOF,
        the
        parties hereto have executed this Warrant as of the date first above
        written.

      

      
        	 	
                IMPART MEDIA
                  GROUP, INC.

              
	 	 	 
	 	 	 
	 	
                By:

              	/s/
                David Lott
	 	
                Name:  

              	
                David
                  Lott

              
	 	
                Title:    
                  

              	
                Chief
                  Executive Officer

              

      

      

    

    7Exhibit 10.25

    
      

    

    

      Exhibit
        10.25

      

      ABSOLUTE
        NET LEASE

       

      THIS
        LEASE, made as of this 24th day of June, 1998, between 1300 North Northlake
        Way
        LLC, a Washington limited liability company (“Landlord”), and Impart, Inc., a
        Washington corporation (“Tenant”).

      

      1.    Landlord
        does hereby lease to Tenant, and Tenant does hereby lease from Landlord,
        those
        certain Premises as shown on the plan attached hereto as Exhibit
        A and
        incorporated herein by this reference (the “Premises”), situated on real
        property located in the City of Seattle, King; County, Washington, commonly
        known as 1300 North Northlake Way, and legally described on Exhibit
        B.

      

      2.    TERM.
        COMMENCEMENT DATE. OPTION TO RENEW.

      

      The
        term
        of this lease shall be for twenty (20) years (the “Term”) commencing on December
        1, 1998 (the “Commencement Date”) and terminating November 30, 2018, or earlier
        pursuant to the terms hereof. If Tenant is not and has not been in default
        hereunder, Tenant shall have the option to renew this lease for an additional
        term of nine and one-half (9.5) years(“Extended Term”) upon six (6) months prior
        written notice to Landlord (“Notice to Renew”). Upon receipt by Landlord of
        Tenant’s Notice to Renew, the lease shall be renewed on the same terms and
        conditions hereof except that the rent payable during the Extended Term shall
        be
        as set forth in § 4 hereof.

      

      3.    RENT
        FOR INTITIAL TERM.

      

      Tenant
        covenants and agrees to pay to Landlord without abatement or offset rental
        for
        the Premises of fourteen thousand, four hundred and forty-four ($14,444)
        per
        month for the first five (5) years of the lease Term. Rent is derived from
        three
        components: 1st
        to cover
        principal and interest on the two loans of $1,120,000 and $150,000 with rent
        estimated at $9,535 per month, 2nd
        to
        provide a return on Landlord’s cash equity of $255,000 with rent at $3,185 per
        month, 3rd
        to cover
        the ground lease payments of $1,667 per month. Rent for the second five (5)
        years of the Term shall be increased by the same percentage as the percentage
        increase in the most recent available U.S. Department of Labor Consumer Price
        Index, All Urban Consumers, All Items, U.S. City Average applied to Landlord’s
        original cash equity portion of the rent ($255,000). If such index is no
        longer
        available Landlord shall select a comparable available index. Rent for the
        remaining five (5) year periods of this lease shall also be increased over
        the
        prior five (5) year period by a percentage calculated in like manner. Rent
        shall
        also be increased as stipulated in the “Ground Lease” attached on Exhibit C.
        Rent shall also increase according to the terms necessary to refinance the
        original debt of $1,2 70,000, starting year eleven (11) of the lease, if
        those
        terms would require increased monthly payments based on the amount of the
        original debt, regardless of the actual amount to be refinanced but not
        exceeding the amount of the original debt. In no event shall rent decrease
        during the term of this lease. Rent shall be paid in lawful money of the
        United
        States in advance on or before the first day of each calendar month of the
        Term.
        Rent shall be paid to Landlord or to such other party or place as Landlord
        may
        from time to time designate in writing. Rent for partial months shall be
        prorated.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      4.    EXTENDED
        TERM RENT.

      

      The
        amount of rental payable during the Extended Term shall be agreed upon between
        the parties prior to the beginning of the Extended Term. Upon Landlord’s receipt
        of the Notice to Renew, the parties shall begin good faith negotiations to
        establish the market rental amount. In the event the parties have not reached
        agreement by the date one hundred twenty (120) days prior to the expiration
        of
        the Initial Term, the matter shall be submitted to binding arbitration as
        provided below. Each party shall select one arbitrator, and the two arbitrators
        so chosen shall meet within ten (10) days thereafter to select the third
        arbitrator. Rent during the Extended Term shall equal the market rental for
        the
        Premises as they exist on the date of Tenant’s Notice to Renew for a similar
        term for similarly situated properties in the Seattle area. The market rent
        for
        the Premises shall be determined by agreement of any two of the arbitrators
        so
        chosen within forty-five (45) days thereafter. The results of the arbitration
        shall be binding and final, absent fraud. Each party shall bear its own legal
        fees incurred in connection with the proceedings and the fees of the arbitrator
        selected by it. Landlord shall pay the fees of the third arbitrator and the
        other costs and expenses of the arbitration.

      

      5.    UTILITIES.

      

      Tenant
        shall pay before delinquency all charges for heat, electricity, light, water,
        sewer and for all other public utilities which shall be used in or charged
        against the Premises during the term of this lease.

      

      6.    ACCEPTANCE
        OF PREMISES.

      

      Upon
        occupancy of the Premises Tenant accepts the Premises “AS IS” in their present
        condition with all faults. Tenant has determined to its satisfaction that
        the
        Premises can be used for the purposes for which they are leased. Landlord
        makes
        no warranty, express or implied, of habitability, fitness or as to any other
        subject matter.

      

      7.    REPAIRS
        AND MAINTENANCE.

      

      Landlord
        shall not be responsible for any maintenance, repair or replacement of any
        portion of the Premises. Tenant shall be responsible for repair, maintenance
        and
        replacement (including capital expenses) of the entire Premises so that they
        are
        in as good repair as they are now or may hereafter be put, reasonable wear
        and
        tear accepted. Tenant represents and acknowledges that the Premises are in
        good
        condition and the heating, ventilating and air conditioning systems or any
        other
        Premises systems are not in need of repair or replacement. Tenant shall at
        all
        times keep the Premises neat, clean and in a safe and sanitary condition.
        Tenant
        shall also keep and use the Premises at all times in accordance with all
        applicable statutes, ordinances, regulations, rules, directions and other
        laws
        respecting its use at Tenant’s sole cost and expense. Tenant shall permit no
        waste, damage or injury to the Premises. Without limiting the Tenant’s
        responsibility set forth above, Tenant shall, at its own cost and expense,
        maintain, repair and (if needed) replace the roof, walls, foundation, slab,
        any
        existing burglar and smoke alarm system, repaint the exterior and interior,
        replace all windows and doors and glass as may become cracked or broken,
        shall
        repair damages to exterior and interior doors, shall keep all plumbing and
        pipes
        free and open and protected from freezing, clogging or leakage, and repair
        all
        damage caused thereby. Tenant agrees that at the expiration or sooner
        termination of this lease, Tenant shall quit and surrender the Premises without
        notice in a neat and clean condition reasonable wear and tear accepted, and
        will
        deliver the keys to the Premises to Landlord.

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      8.    INDEMMTY
        AND LIABILITY INSURANCE.

      

      All
        personal property on the Premises shall be at the sole risk of Tenant. Landlord,
        its employees and agents shall not be liable for any injury to or death of
        any
        person, or damage to property, sustained or alleged to have been sustained
        by
        Tenant or others as a result of any condition (including future conditions)
        in
        the Premises, or the building in which the Premises are located; or as a
        result
        of the Premises becoming out of repair, or caused by fire or by the bursting
        or
        leaking of water, gas, sewer or steam pipes, or due to the happening of any
        accident from whatsoever cause in and about the Premises. Tenant agrees to
        indemnify, defend and hold Landlord, its employees and agents harmless from
        any
        and all claims for damages suffered or alleged to be suffered on or in the
        Premises by any person, firm or corporation. In addition, Tenant shall, at
        its
        own expense; maintain proper liability insurance with a reputable company(ies)
        satisfactory to Landlord in the minimum limits of Two Million Dollars
        ($2,000,000) per person, Two Million Dollars ($2,000,000) per accident
        occurrence for bodily injuries or death, and Two Million Dollars ($2,000,000)
        per accident for property
        damage, to indemnify both Landlord and Tenant against any such liability
        or
        expense. These coverage amounts shall be increased every five years by the
        CPI
        described in Section 3. Tenant shall further deliver to Landlord a certificate
        of such insurance showing it to be in effect and providing that it will not
        be
        canceled without at least thirty (30) days prior written notification to
        Landlord. Landlord shall have the right to review and adjust the insurance
        limits set forth above every three (3) years.

      

      9.    PROPERTY
        AI\TD CASUALTY INSURANCE.

      

      Tenant
        shall insure all personal property and fixtures on the Premises or kept or
        stored thereon at their full replacement value. Landlord shall insure the
        building in which the Premises are located against fire and other casualty
        (including, at Landlord’s option, earthquake) for full replacement value, and
        Tenant shall pay Landlord the amount of the premium for such insurance within
        ten (10) days of receipt invoice from Landlord.

      

      10.   WAIVER
        OF SUBROGATION.

      

      If
        either
        Landlord or Tenant experience any injury, loss or damage to themselves or
        their
        respective real or personal property, and if that injury, loss or damage
        was
        then insured against under any or all of their respective insurance policies,
        including any extended coverage endorsements thereto, then the appropriate
        insurance company(ies), and not Landlord or Tenant, shall be solely liable
        to
        compensate the party(ies) who experienced the injury, loss or damage, and
        this
        shall be so regardless of whether Landlord or Tenant was responsible for
        such
        injury, loss or damage. To this end, Landlord and Tenant hereby waive any
        rights
        each may have against the other as a result of any injury, loss or damage
        which
        is then insured against by either.

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      This
        waiver is effective only to the extent that the insurance company(ies) actually
        pay(s) for such injury, loss or damage. In addition, Landlord and Tenant
        agree
        to (1) cause their respective insurance companies to waive any right of
        subrogation, and (2) provide proof to the other party within thirty (30)
        days
        after the execution of this lease that such waivers have been successfully
        obtained from the respective insurance companies (if such proof is not provided
        within this thirty (30) day period, the other party shall have the right
        to
        declare this paragraph to be ineffective). This paragraph shall be inapplicable
        if it would have the effect, but only to the extent that it would have the
        effect, of invalidating any insurance coverage of Landlord or
        Tenant.

      

      11.   USE.

      

      The
        Premises shall be used for general office and warehouse purposes and for
        no
        other use or purpose. Tenant shall not use the Premises for illegal purposes.
        Tenant agrees that nothing shall be done in or about the Premises which will
        increase the present rate of insurance; provided, however, if Tenant shall
        engage in such business, Tenant shall pay such increases.

      

      12.   HAZARDOUS
        SLBSTANCES.

      

      Tenant
        shall see to it that no hazardous waste or substance shall be placed or stored
        in, upon or under the Premises or incorporated into any improvement located
        thereon during the term of this lease, nor shall Tenant permit or suffer
        to
        permit any such hazardous waste or substance to remain in, upon or under
        the
        Premises or incorporated into any improvement located thereon. As used herein,
        the term “hazardous waste or substance” includes but is not limited to asbestos,
        lead, cyanide, DDT; printing inks, pesticides, petroleum} based products,
        paints
        and solvents, and other organic and inorganic chemical compounds and any
        other
        similar substance designated by law (local, state or federal) or by practice
        as
        a hazardous or dangerous waste or substance. Tenant hereby agrees to defend,
        indemnify, and hold Landlord harmless from and against any and all loss,
        damage,
        liability, cost or expense (including. reasonable attorneys’ fees), and
        disbursements suffered and incurred by Landlord arising out of or related
        to
        hazardous or dangerous waste or substances in, on or under the Premises even
        if
        such condition should have arisen in whole or in part prior to Tenant becoming
        the Tenant of the Premises. This indemnification shall survive termination
        of
        this lease. If Landlord is required to pay all or any portion of the cost
        of
        removal of asbestos or the cleaning up of any other hazardous waste or
        substances in, on or under the Premises, Tenant shall promptly reimburse
        Landlord therefore, together with interest thereon at the rate of 15% per
        annum
        from the date of expenditure until payment in full.

      

      13.   LIENS
        AND INSOLVENCY.

      

      Tenant
        shall keep the Premises free from any liens arising out of any work performed,
        materials furnished or obligations incurred by Tenant. In the event Tenant
        becomes insolvent, voluntarily or involuntarily bankrupt, or if a receiver,
        assignee or other liquidating officer is appointed for the business of Tenant,
        then Landlord may cancel this lease at Landlord’s sole option.

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      14.   ASSIGNMENT
        AND SUBLEASE.

      

      Tenant
        shall not assign, encumber, pledge or otherwise convey (collectively “assign”)
        this lease or any part thereof and shall not sublet the whole or any portion
        of
        the Premises without the written consent of Landlord, which may be unreasonably
        withheld. This lease shall not be assignable by operation of law. If Tenant
        is a
        corporation, partnership or limited liability company, a sale or other transfer
        of a controlling interest in Tenant shall be considered an assignment hereunder.
        If consent is once given by the Landlord to the assignment or sublet of this
        lease, or any interest therein, Landlord shall not be barred from afterwards
        refusing to consent to any further assignment or sublease. Tenant shall pay
        Landlord’s reasonable attorneys’ fees and other costs incurred as a result of a
        request assign or to sublet or assign this lease. Any compensation paid to
        Tenant as a result of an assignment of this lease, or any rent or other sum
        due
        Tenant from any sublease in excess of rent and other sums payable to Landlord
        under this lease (prorated for a sublease of less than the entire Premises)
        shall belong to and be paid to Landlord.

      

      15.   INSPECTION
        AND ACCESS.

      

      Tenant
        will allow Landlord or Landlord’s agent free access at all reasonable times to
        the Premises for the purpose of inspection or of making repairs, additions
        or
        alterations to the Premises. Landlord shall have the right to place and maintain
        “For Rent”signs in a conspicuous place on the Premises for sixty (60) days prior
        to the expiration of this lease.

      

      16.   DAMAGE
        OR DESTRUCTION OF PREMISES.

      

      In
        the
        event the Premises are damaged to such a that it shall reasonably require
        more
        than forty-five (45) days to repair the Premises, it shall be optional with
        Landlord whether to repair or rebuild the same or not. After the happening
        of
        any such event, Tenant shall Wive. Landlord or Landlord’s agent immediate
        written notice thereof. Landlord shall have not more than thirty (30) days
        after
        the date of such notification to notify Tenant in writing of Landlord’s
        intentions to repair or rebuild the Premises. In the event the Premises are
        damaged such that they can reasonably be repaired in forty-five (45) days
        or
        less, Landlord shall repair the Premises so long as there is sufficient property
        insurance to cover the work. If Landlord elects to or is required to repair
        the
        Premises, Landlord shall prosecute the work of such repairing or rebuilding
        without unnecessary delay, and during such period the rent of the Premises
        shall
        not be abated.

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      17.   TAXES,
        ASSESSMENTS. AND OTHER CHARGES.

      

      Tenant
        shall be liable for, and shall pay throughout the term of this lease, all
        real
        estate taxes and assessments on the Premises, all license and excise fees
        and
        occupation taxes covering the business conducted on the Premises, all taxes
        on
        property of Tenant on the Premises, and any and all other taxes of any kind
        associated with the Premises. In the event the real estate taxes are not
        separately assessed against the Premises, Tenant shall pay its pro rata share
        of
        the tax assessment on the tax parcel of which the Premises are a part on
        a
        square footage basis of land and improvements. If any governmental authority
        under any present or future law effective at any time during the terns of
        this
        lease shall in any manner levy a tax or license fee on rents payable under
        this
        lease or rents accruing from use of the Premises or a tax or license fee
        in any
        form against Landlord or Tenant because of or measured by or based upon income
        derived from the leasing or rental thereof, such tax or license fee shall
        be
        paid by Tenant, either directly, if required by law, or through reimbursing
        Landlord the amount thereof upon demand, provided
        this
        sentence shall not be interpreted as requiring Tenant to pay Landlord’s state or
        federal income tax.

      

      18.   WAIVER.

      

      No
        word,
        act or omission of Landlord shall be deemed to be a waiver of any default
        or
        noncompliance by Tenant under the terms of this lease or of any right of
        Landlord hereunder or of any notice given by Landlord hereunder unless Landlord
        so advises Tenant in writing. The acceptance of rental by Landlord for any
        period or periods after a default or non-compliance by Tenant hereunder shall
        not be deemed a waiver of such default. No waiver by Landlord of any default
        or
        noncompliance hereunder by Tenant shall be construed to be or act as a waiver
        of
        any subsequent default or noncompliance by Tenant.

      

      19.   CONDEMNATION.

      

      If
        all
        the Premises is taken by any public authority under the power of eminent
        domain,
        this lease shall terminate as of the date possession is taken by said public
        authority pursuant to such condemnation.

      

      If
        over
        25% of the floor area of the Premises is so taken and, in the opinion of
        Landlord, it is not economically feasible to continue this lease in effect,
        either party may terminate this lease. If any part of the building in which
        the
        Premises are located is so taken and, in the opinion of Landlord, it is not
        economically feasible to continue this lease in effect, Landlord may terminate
        this lease. Such termination by either party shall be made by notice to the
        other given no later than thirty days (30) after possession is so taken,
        the
        termination to be effective as of the later of thirty days (30) after said
        notice or the date possession is so taken.

      

      If
        part
        of the Premises or part of the building in which the Premises are located
        is so
        taken, and neither Landlord nor Tenant elects to terminate this lease, or
        until
        termination is effective, as the case may be, the rental shall be abated
        ire the
        same proportion as the portion of the Premises so taken bears to the whole
        of
        the Premises, and Landlord shall make such repairs or alterations, if any,
        as
        are required to render the remainder of the Premises tenantable.

      

      All
        damages awarded for the taking or damaging of all or any part of the Premises
        or
        the building in the Premises are located shall belong to and be the property
        of
        Landlord, and Tenant hereby assigns to Landlord any and all claims to such
        award, but nothing herein contained shall be construed as precluding Tenant
        from
        asserting any claim Tenant may leave against such public authority for
        disruption or relocation of Tenant’s business on the Premises, so long as such
        claim does not reduce Landlord’s award.

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      20.   NOTICES.

      

      Any
        notice required to be served in accordance with the terms of this lease shall
        be
        sent by United States mail, postage prepaid at the following addresses (or
        such
        other address as such party may designate in writing):

      

      
        	 	
                Landlord:

              	
                1300
                  North Northlake Way LLC

              

      

      2021
        First Avenue Suite G8

      Seattle,
        WA 98121 

      ATTN:
        William Justen

      

      

      
        	 	
                Tenant:

              	
                Impart,
                  Inc.

              

      

      1300
        North Northlake Way 

      Seattle,
        WA 98103

      ATTN:
        Laird Laabs

       

      21.   SIGNS.

      

      All
        signs
        or symbols placed in the windows or doors of the Premises, or upon any
        exterior part of the building by Tenant shall be subject to the approval
        of
        Landlord, which shall not be unreasonably withheld and in compliance with
        all
        applicable law. Any signs so placed on the Premises shall be so placed upon
        the
        understanding and agreement that Tenant will remove the same at the termination
        of this lease and repair any damage or injury to the Premises caused thereby,
        and if not so removed by Tenant then Landlord may have the same so removed
        at
        Tenant’s expense.

      

      22.   ALTERATIONS
        AND IMPROVEMENTS.

      

      Tenant
        shall not make any alterations, additions or improvements in or to the Premises
        without the prior written consent of Landlord, and any and
        all
        alterations, additions and improvements which shall be made shall be at the
        sole
        cost and expense of Tenant, and shall become the property of Landlord, and
        shall
        remain in and be surrendered with the Premises as a part thereof at the
        termination of this lease, without compensation to Tenant and without
        disturbance, molestation or injury; provided,
        however. Tenant
        may be required. at Landlord’s option, to remove any alterations prior to
        expiration of this lease and restore the Premises to the condition they were
        prior to such alterations. If Tenant shall perform work with the consent
        of
        Landlord, as aforesaid, Tenant agrees to comply with all applicable laws,
        ordinances, vales and regulations of any authorized public authority. Tenant
        further agrees to save Landlord free and harmless from damage, loss or expense
        arising out of such work.

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      23.   DEFAULT
        AND RE-ENTRY.

      

      Tenant
        shall be in default under this lease if it shall fail to pay rent or any
        other
        sums when due hereunder, or if the violation of any other covenant or agreement
        hereunder, shall remain uncured after five (5) days of written notice of
        such
        default or violation from Landlord. In the event of such default, Landlord
        may
        cancel this lease upon giving the notice required by law, and re-enter the
        Premises, but notwithstanding such re-entry by Landlord, the liability of
        Tenant
        for the rent provided for herein shall not be extinguished for the balance
        of
        the term of this lease, and Tenant covenants and agrees to mare good to the
        Landlord any deficiency arising from a
        re-entry and reletting of the Premises at a lesser rental than herein agreed
        to.
        Tenant shall pay such deficiency each month as the amount thereof is ascertained
        by Landlord. Landlord may, at its option, terminate this lease in the event
        of
        such default, in which event all unpaid rent and other charges then due plus
        all
        such charges for the balance of the lease term shall be immediately due and
        payable, less any amount Tenant proves could reasonably have been
        avoided.

      

      In
        the
        event rent or any other sum due hereunder is not paid within ten (10) days
        of
        its due date, Tenant shall pay Landlord interest on such sum at the rate
        of 15%
        per annum.

      

      In
        addition to the remedies provided herein, Landlord shall have all other remedies
        provided by law.

      

      24.   COSTS
        AND ATTORNEY’S FEES.

      

      If
        by
        reason of any default by one party to this lease it becomes necessary for
        the
        other party to employ an attorney, the defaulting party shall pay the other
        party’s reasonable attorney’s fees. If a lawsuit is brought concerning the terms
        of this lease or to enforce its terms, the prevailing party shall be entitled
        to
        its reasonable attorney’s fees.

      

      25.   LANDLORD’S
        LIEN AND SECURITY INTEREST.

      

      In
        addition to the Landlord’s lien provided by law, Landlord shall have, and Tenant
        hereby grants to Landlord, a security interest in all goods, furniture,
        fixtures, equipment„ supplies and all other property of Tenant in or on the
        Premises, and all proceeds and replacements thereof; as security for all
        Tenant’s obligations under this lease. Tenant shall have the right, however, to
        sell its merchandise in the normal course of its business free of this
        lien

      and
        security interest. Tenant shall not remove any of such property from the
        Premises until it has fully satisfied its obligations under this lease. Any
        requirement of reasonable notice to Tenant of Landlord’s intention to dispose of
        any of Tenant’s property to enforce this security interest shall be satisfied by
        notice given in the manner set forth in § 20 of this lease at least five (5)
        days before the time of such disposition. Any such sale conducted in a
        commercially reasonable manner if held on the Premises after advertisement
        of
        the time, place and method of sale and a general description of the property
        to
        be sold in a local daily newspaper for five (5) consecutive days prior to
        the
        sale. Landlord shall have all rights and remedies of a secured party under
        law.

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      26.   ABANDONED
        PROPERTY.

      

      All
        of
        Tenant’s furniture, movable trade fixtures and personal property not removed
        from the Premises within five (5) days of Landlord’s written request at the
        termination of this lease, whether such termination occurs by lapse of time
        or
        otherwise, shall be conclusively presumed abandoned by Tenant, and Landlord
        may
        declare such property to be the property of Landlord or may dispose of the
        property by any method it deems advisable. Landlord’s rights under this
        paragraph shall be cumulative of its other rights under this lease.

      

      27.   HEIRS
        AND SUCCESSORS.

      

      Subject
        to the provisions hereof pertaining to assignment and subletting, the covenants
        and agreements of this lease shall be binding upon the heirs, legal
        representatives, successors and assigns of any or all of the parties
        hereto.

      

      28.   HOLD-OVER.

      

      If
        the
        Tenant shall, with the written consent of Landlord, hold over after the
        expiration of the term of this lease, such tenancy shall be a month to month
        tenancy, which tenancy may be terminated as provided by law. During such
        tenancy
        Tenant agrees to pay to Landlord 125% of the
        rental
        rate set forth herein, unless a different rate is agreed upon, and further
        agrees to be bound by all of the terms, covenants, and conditions as herein
        sped
        aed, as far as applicable.

      

      29.   SUBORDINATION.

      

      This
        lease is subject and is hereby subordinated to all present and future
        rnortg2ges, deeds of trust and other encumbrances affecting the Premises
        or the
        property of which the Premises are a part. Tenant agrees to execute any
        instrument which may be deemed necessary or desirable by Landlord to further
        effect such subordination.

      

      30.   TENANT’S
        CERTIFICATE.

      

      Tenant
        shall at any time and from time to time without charge, and within ten (10)
        days
        after written request therefor by Landlord., complete, execute and deliver
        to
        Landlord a written statement concerning the terms of this lease, whether
        it is
        in full force and effect, if there are any defaults hereunder, and such other
        information as may be required by Landlord.

      

      31.   INVALIDITY
        QF PARTICULAR PROVISION.

      

      It
        is the
        intention of the parties that each term or provision of this lease be
        enforceable to the fullest extent permitted by law. If any term or provision
        of
        this lease or the application thereof to any person or circumstance is, to
        any
        extent, invalid or unenforceable, the remainder of this lease and the
        application of such term or provision to person or circumstances other than
        those as to which it is held invalid or unenforceable shall not be affected
        thereby and shall continue in full force and effect.

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      32.   ENTIRE
        AGREEMENT AMENDMENTS.

      

      This
        lease constitutes the complete agreements between Landlord and Tenant. There
        are
        no terms, obligations, covenants or conditions other than those contained
        herein. No modification or amendment of this lease shall be valid and effective
        unless evidenced by an agreement in writing signed by party to be
        bound.

      

      33.   BROKERAGE.

      

      Tenant
        warrants that it has had no dealings with any broker or agent in connection
        with
        this lease and covenants to pay, hold harmless and indemnify Landlord from
        and
        against any and all costs, expense or liability for any compensation,
        commissions and charges claimed by any broker or agent.

      

      34.   LANDLORD’S
        RIGHT TO CURE.

      

      At
        any
        time and without notice, Landlord may, but need not, cure any failure by
        Tenant
        to perform its obligations under this lease. Whenever Landlord chooses to
        do so,
        all costs and expenses incurred by Landlord in curing any such failure,
        including, without limitation, reasonable attorneys’ fees together with interest
        on the amount of costs and expenses so incurred at the rate; of 15% per annum
        shall be paid by Tenant to Landlord on demand and shall be recoverable as
        additional rent.

      

      35.   LATE
        FEE. DELINQUENT INTEREST.

      

      In
        recognition of Landlord’s interest in the timely receipt of rent and all other
        sums owed by Tenant hereunder, Tenant shall pay Landlord a late fee of ten
        percent (10%) of any amount due from Tenant not paid within five (5) days
        of the
        date such payment was due, and such late fee shall be considered additional
        rent. Further, any sum due under this lease not paid when due shall bear
        interest at fifteen percent (15%) per annum until paid in full.

      

      36.   NO
        AGREEMENT UNTIL SIGNED.

      

      The
        submission of this lease or a summary of some, or all of its provisions for
        examination does not constitute a reservation of or option for the Premises
        or
        an offer to lease. and no legal obligations shall arise with respect to the
        Premises or other matters herein until this lease is executed and delivered
        by
        Landlord and Tenant.

      

      37.   LIMITATION
        OF LANDLORD’S LIABILITY.

      

      Any
        and
        all liability of. Landlord under this lease shall be and hereby is limited
        to
        Landlord’s ownership interest in the Premises.

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF the parties hereto have executed this lease the day and year
        first above written.

       

      1300
        NORTH NORTHLAKE WAY LLC

       

      Landlord:
        /s/Laird Laabs 

       

       

      IMPART,
        INC.

       

      Tenant:
        /s/Laird Laabs

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      AMENDMENT
        TO ABSOLUTE NET LEASE

      

      The
        following is an amendment to the lease dated the 24th
        day of
        June, 1998 between 1300 North Northlake Way, LLC (“Landlord”) and Impart, Inc, a
        Washington corporation (“Tenant”).

      

      
        	 	
                1.

              	
                The
                  monthly rent stated in part three is being adjusted because of
                  market
                  conditions to be $30,262.00. This rental amount shall be in effect
                  from
                  January 1, 2001 until further
                  notice.

              

      

      

      

      1300
        NORTH NORTHLAKE WAY LLC

      

      Landlord:
        /s/Laird
        Laabs

      

      Date:
        January 2, 2001

       

      
IMPART,
        INC.

      

      Tenant:
        /s/Steven
        Boscacci

      

      Date:
        January 2, 2001

       

    

    12

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