Document:

Restated 1996 Flexible Stock Incentive Plan

 EXHIBIT 10.2 
 INFOSPACE, INC. 
 RESTATED 1996 FLEXIBLE STOCK INCENTIVE PLAN

 (as amended and restated effective as of November 8, 2011) 

 

	1.	Establishment, Purpose, and Definitions. 

  

	 	(a)	There is hereby adopted the Restated 1996 Flexible Stock Incentive Plan (the “Plan”) of InfoSpace, Inc., a Delaware corporation (the
“Company”). 

  

	 	(b)	The purpose of the Plan is to provide a means whereby eligible individuals (as defined in paragraph 4, below) can acquire Common Stock of the Company (the
“Stock”). The Plan provides employees (including officers and directors who are employees) of the Company and of its Affiliates an opportunity to purchase shares of Stock pursuant to options which may qualify as incentive stock
options (referred to as “incentive stock options”) under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), and employees, officers, directors, independent contractors, and consultants
of the Company and of its Affiliates an opportunity to purchase shares of Stock pursuant to options which are not described in Section 422 or 423 of the Code (referred to as “nonqualified stock options”). The Plan also
provides for the sale or bonus of Stock to eligible individuals in connection with the performance of services for the Company or its Affiliates. The Plan also provides for the grant of restricted stock units (“RSUs”) to eligible
individuals in connection with the performance of services for the Company or its Affiliates. Finally, the Plan authorizes the grant of stock appreciation rights (“SARs”), either separately or in tandem with stock options, entitling
holders to cash compensation measured by appreciation in the value of the Stock. 

  

	 	(c)	The term “Affiliates” as used in the Plan means parent or subsidiary corporations, as defined in Sections 424(e) and (f) of the Code (but
substituting “the Company” for “employer corporation”), including parents or subsidiaries which become such after adoption of the Plan. 

 

	2.	Administration of the Plan. 

  

	 	(a)	The Plan shall be administered by the Board of Directors of the Company (the “Board”) or a committee or committees (which term includes subcommittees)
appointed by, and consisting of one or more members of, the Board (the “Plan Administrator”). If and so long as the Common Stock is registered under Section 12(b) or 12(g) of the Exchange Act, the Board shall consider in
selecting the Plan Administrator and the membership of any committee acting as Plan Administrator, with respect to any persons subject or likely to become subject to Section 16 of the Exchange Act, the provisions regarding
(i) “outside directors” as contemplated by Section 162(m) of the Code and (ii) “nonemployee directors” as contemplated by Rule 16b-3 under the Exchange Act. The Board may delegate the responsibility for
administering the Plan with respect to designated classes of eligible Participants to different committees consisting of one or more members of the Board, subject to such limitations as the Board or the Plan Administrator deems appropriate.
Committee members shall serve for such term as the Board may determine, subject to removal by the Board at any time. 

	 	(b)	The Plan Administrator shall determine which eligible individuals (as defined in paragraph 4, below) shall be granted options under the Plan, the timing of such
grants, the terms thereof (including any restrictions on the Stock), and the number of shares subject to such options. 

  

	 	(c)	The Plan Administrator may amend the terms of any outstanding option granted under this Plan, but any amendment which would adversely affect the Optionee’s rights
under an outstanding option shall not be made without the Optionee’s written consent. The Plan Administrator may, with the Optionee’s written consent, cancel any outstanding stock option or accept any outstanding stock option in exchange
for a new option. Notwithstanding the foregoing, any change or adjustment to an incentive stock option shall not, without the Optionee’s written consent, be made in a manner so as to constitute a “modification” that would cause such
incentive stock option to fail to continue to qualify as an incentive stock option. 

  

	 	(d)	The Plan Administrator shall also determine which eligible individuals (as defined in paragraph 4, below) shall be issued Stock, SARs or RSUs under the Plan, the
timing of such grants, the terms thereof (including any restrictions), and the number of shares, SARs or RSUs to be granted. The Stock and/or RSUs shall be issued for such consideration (if any) as the Plan Administrator deems appropriate. Stock
issued subject to restrictions shall be evidenced by a written agreement (the “Restricted Stock Purchase Agreement” or the “Restricted Stock Bonus Agreement”). RSUs shall be issued subject to such restrictions as
evidenced by a written agreement (the “Restricted Stock Unit Agreement”). The Plan Administrator may amend any Restricted Stock Purchase Agreement, Restricted Stock Bonus Agreement or Restricted Stock Unit Agreement, but any
amendment which would adversely affect the stockholder’s rights to the Stock shall not be made without his or her written consent. 

  

	 	(e)	The Plan Administrator shall have the sole authority, in its absolute discretion to adopt, amend, and rescind such rules and regulations as, in its opinion, may be
advisable for the administration of the Plan, to construe and interpret the Plan, the rules and the regulations, and the instruments evidencing options, Stock or RSUs granted under the Plan and to make all other determinations deemed necessary or
advisable for the administration of the Plan. All decisions, determinations, and interpretations of the Plan Administrator shall be binding on all participants. 

  
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	3.	Stock Subject to the Plan. 

  

	 	(a)	An aggregate of not more than 21,852,309 shares of Stock shall be available for the grant of stock options or the issuance of Stock under the Plan. If an option
is surrendered (except surrender for shares of Stock) or for any other reason ceases to be exercisable in whole or in part, the shares which were subject to such option but as to which the option had not been exercised shall continue to be available
under the Plan. Any Stock which is retained by the Company upon exercise of an option in order to satisfy the exercise price for such option or any withholding taxes due with respect to such option exercise shall be treated as issued to the Optionee
and will thereafter not be available under the Plan. If any outstanding RSUs lapse, expire, terminate or are cancelled without having been settled in full, the shares of Stock allocable to the lapsed, expired, terminated or cancelled portion of such
RSUs shall continue to be available under the Plan. Any Stock which is retained by the Company in order to satisfy any withholding taxes due with respect to the vesting or settlement of RSUs shall be treated as issued to the holder of such RSUs and
will thereafter not be available under the Plan. 

  

	 	(b)	If there is any change in the Stock subject to the Plan, an Option Agreement, a Restricted Stock Purchase Agreement, a Restricted Stock Bonus Agreement, a Restricted
Stock Unit Agreement, or a SAR Agreement through merger, consolidation, reorganization, recapitalization, reincorporation, stock split, stock dividend, or other change in the capital structure of the Company, appropriate adjustments shall be made by
the Plan Administrator in order to preserve but not to increase the benefits to the individual, including adjustments to the aggregate number, kind and price per share of shares subject to the Plan, an Option Agreement, a Restricted Stock Purchase
Agreement, a Restricted Stock Bonus Agreement, a Restricted Stock Unit Agreement, or a SAR Agreement. 

  

	4.	Eligible Individuals. Individuals who shall be eligible to have granted to them the options, Stock, RSUs, or SARs provided for by the Plan shall be such
employees, officers, directors, independent contractors and consultants of the Company or an Affiliate as the Plan Administrator, in its discretion, shall designate from time to time. Notwithstanding the foregoing, only employees of the Company or
an Affiliate (including officers and directors who are bona fide employees) shall be eligible to receive incentive stock options. 

  

	5.	The Option Price. 

  

	 	(a)	The exercise price of the Stock covered by each incentive stock option shall be not less than the per share fair market value of such Stock on the date the option is
granted. The exercise price of the Stock covered by each nonqualified stock option shall be as determined by the Plan Administrator. In the case of a nonqualified stock option intended to qualify as “performance-based compensation” within
the meaning of Section 162(m) of the Code, the per share exercise price of the Stock shall be no less than 100% of the fair market value per share of the Stock on the date of grant. Notwithstanding the foregoing, in the case of an incentive
stock option granted to a person possessing more than ten percent of the combined voting power of the Company or an Affiliate, the exercise price shall be not less than 110 percent of the fair market value of the Stock on the date the option is
granted. The exercise price of an option shall be subject to adjustment to the extent provided in paragraph 3(b), above. 

  
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	 	(b)	The fair market value shall be as established in good faith by the Plan Administrator or (i) if the Stock is listed on the Nasdaq National Market, the fair market
value shall be the closing selling price for the stock as reported by the Nasdaq National Market for a single day or (ii) if the Stock is listed on the New York Stock Exchange or the American Stock Exchange, the fair market value shall be the
closing selling price for the Stock as such price is officially quoted in the composite tape of transactions on such exchange for a single trading day. If there is no such reported price for the Stock for the date in question, then such price on the
last preceding date for which such price exists shall be determinative of the fair market value. 

  

	6.	Terms and Conditions of Options. 

  

	 	(a)	Each option granted pursuant to the Plan will be evidenced by a written Stock Option Agreement executed by the Company and the person to whom such option is granted.

  

	 	(b)	The Plan Administrator shall determine the term of each option granted under the Plan; provided, however, that the term of an incentive stock option shall not be for
more than 7 years and that, in the case of an incentive stock option granted to a person possessing more than ten percent of the combined voting power of the Company or an Affiliate, the term shall be for no more than five years.

  

	 	(c)	In the case of incentive stock options, the aggregate fair market value (determined as of the time such option is granted) of the Stock with respect to which incentive
stock options are exercisable for the first time by an eligible employee in any calendar year (under this Plan and any other plans of the Company or its Affiliates) shall not exceed $100,000. In the event the Optionee holds two or more such options
that become exercisable for the first time in the same calendar year, such limitation shall be applied on the basis of the order in which such options are granted. 

 

	 	(d)	The Stock Option Agreement may contain such other terms, provisions and conditions not inconsistent with this Plan as may be determined by the Plan Administrator. If an
option, or any part thereof is intended to qualify as an incentive stock option, the Stock Option Agreement shall contain those terms and conditions which are necessary to so qualify it. 

 

	 	(e)	The following limitations shall apply to grants of stock options: 

  

	 	(i)	No individual shall be granted, in any fiscal year of the Company, stock options to purchase more than 800,000 shares of Stock. 

 

	 	(ii)	In connection with his or her initial service, an individual may be granted stock options to purchase up to an additional 800,000 shares of Stock which shall not count
against the limit set forth in subsection (i) above. 

  

	 	(iii)	The foregoing limitations shall be adjusted proportionately in connection with any change in the Company’s capitalization. 

  
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	 	(iv)	If a stock option is cancelled in the same fiscal year of the Company in which it was granted (other than in connection with a transaction described in
Section 16), the cancelled stock option will be counted against the limits set forth in subsections (i) and (ii) above. For this purpose, if the exercise price of a stock option is reduced, the transaction will be treated as a
cancellation of the stock option and the grant of a new stock option. 

  

	7.	Terms and Conditions of Stock Purchases and Bonuses. 

  

	 	(a)	Each sale or grant of stock pursuant to the Plan will be evidenced by a written Restricted Stock Purchase Agreement or Restricted Stock Bonus Agreement executed by the
Company and the person to whom such stock is sold or granted. 

  

	 	(b)	The Restricted Stock Purchase Agreement or Restricted Stock Bonus Agreement may contain such other terms, provisions and conditions consistent with this Plan as may be
determined by the Plan Administrator, including not by way of limitation, restrictions on transfer, forfeiture provisions, repurchase provisions and vesting provisions. To the extent required by applicable law, any right of the Company to repurchase
stock granted pursuant to a restricted stock purchase or restricted stock bonus at the original purchase price, if the right is assignable, the assignee must pay the Company upon assignment of the right cash equal to the difference between the
original price and fair value if the original purchase price is less than fair value. 

  

	 	(c)	The purchase price of Stock sold hereunder pursuant to a Restricted Stock Purchase Agreement shall be the price determined by the Plan Administrator on the date the
right to purchase Stock is granted; provided, however that (i) such price shall not be less than 85% of the per share fair market value of such Stock on the date the right to purchase Stock is granted and (ii) to the extent required by
applicable law, in the case of any person who owns Company stock possessing more than 10% of the total combined voting power of all classes of stock of the Company, such price shall be 100% of the per share fair market value of such Stock at the
time the right to purchase Stock is granted, or at the time the purchase is consummated. 

  

	8.	Terms and Conditions of RSUs. 

  

	 	(a)	RSUs may be granted at any time as determined by the Plan Administrator. Each RSU grant will be evidenced by a Restricted Stock Unit Agreement that will specify such
other terms and conditions as the Plan Administrator, in its sole discretion, will determine, including all terms, conditions, and restrictions related to the grant, the number of RSUs and the form of payout, which, subject to Section 8(d), may
be left to the discretion of the Plan Administrator. 

  
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	 	(b)	The Plan Administrator, in its sole discretion, will set vesting criteria (which may be based on the participant’s continuous employment or service with the
Company or its Affiliates and may include performance objectives based upon the achievement of Company-wide, departmental or individual goals, Company performance relative to selected other companies, or any other basis determined by the Plan
Administrator) which, depending on the extent to which the criteria are met, will determine the number of RSUs that will be paid out to the participant. After the grant of RSUs, the Plan Administrator, in its sole discretion, may reduce or waive any
restrictions for such RSUs. 

  

	 	(c)	Upon meeting the applicable vesting criteria (including without limitation, achievement of any applicable performance objectives), the participant will be entitled to
receive a payout as specified in the Restricted Stock Unit Agreement. Notwithstanding the foregoing, at any time after the grant of RSUs, the Plan Administrator, in its sole discretion, may reduce or waive any vesting criteria that must be met to
receive a payout. 

  

	 	(d)	Payment of earned RSUs will be made as soon as practicable after the date(s) set forth in the Restricted Stock Unit Agreement. The Administrator, in its sole
discretion, may pay earned RSUs in cash, shares of Stock or a combination thereof. 

  

	 	(e)	On the date set forth in the Restricted Stock Unit Agreement, all unearned RSUs will be forfeited to the Company. 

 

	9.	Terms and Conditions of SARs. The Plan Administrator may, under such terms and conditions as it deems appropriate, authorize the issuance of SARs evidenced by a
written SAR agreement (which, in the case of tandem options, may be part of the option agreement to which the SAR relates) executed by the Company and the person to whom such SAR is granted. The SAR agreement may contain such terms, provisions and
conditions consistent with this Plan as may be determined by the Plan Administrator. 

  

	10.	Use of Proceeds. Cash proceeds realized from the sale of Stock under the Plan shall constitute general funds of the Company. 

 

	11.	Amendment, Suspension, or Termination of the Plan. 

  

	 	(a)	The Board may at any time amend, suspend or terminate the Plan as it deems advisable; provided that such amendment, suspension or termination complies with all
applicable requirements of state and federal law, including any applicable requirement that the Plan or an amendment to the Plan be approved by the Company’s stockholders, and provided further that, except as provided in paragraph 3(b),
above, the Board shall in no event amend the Plan in the following respects without the consent of stockholders then sufficient to approve the Plan in the first instance: 

 

	 	(i)	To increase the maximum number of shares subject to incentive stock options issued under the Plan; or 

 

	 	(ii)	To change the designation or class of persons eligible to receive incentive stock options under the Plan. 

  
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	 	(b)	No option may be granted nor any Stock issued under the Plan during any suspension or after the termination of the Plan, and no amendment, suspension or termination of
the Plan shall, without the affected individual’s consent, alter or impair any rights or obligations under any option previously granted under the Plan. The Plan shall terminate with respect to the grant of incentive stock options on
April 10, 2006, unless previously terminated by the Board pursuant to this paragraph 11. 

  

	12.	The Plan Administrator shall establish and set forth in each instrument that evidences an option whether the option will continue to be exercisable, and the
terms and conditions of such exercise, if an Optionee ceases to be employed by, or to provide services to, the Company or an Affiliate, which provisions may be waived or modified by the Plan Administrator at any time. 

 

	13.	Assignability. Each option granted pursuant to this Plan shall, during Optionee’s lifetime, be exercisable only by him, and the option shall not be
transferable by Optionee by operation of law or otherwise other than by will or the laws of descent and distribution. Notwithstanding the foregoing, and to the extent permitted by Section 422 of the Code, the Plan Administrator, in its sole
discretion, may permit such transfer, assignment and exercisability and may permit an Optionee to designate a beneficiary who may exercise the option after the Optionee’s death; provided, however, that any option so transferred or assigned
shall be subject to all the same terms and conditions contained in the instrument evidencing the option. Stock subject to a Restricted Stock Purchase Agreement, a Restricted Stock Bonus Agreement, or a Restricted Stock Unit Agreement shall be
transferable only as provided in such applicable agreement. 

  

	14.	Payment Upon Exercise of Options. 

  

	 	(a)	 Payment of the purchase price upon exercise of any option granted under this Plan shall be made in cash, a certified check, bank draft, postal or
express money order payable to the order of the Company, provided, however, that the Plan Administrator, in its sole discretion, may permit an Optionee to pay the option price in whole or in part (i) tendering (either actually or, if and so
long as the Stock is registered under Section 12(b) or 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), shares of Stock owned by the Optionee for at least six months (or any shorter period necessary to
avoid a charge to the Company’s earnings for financial reporting purposes) on the day prior to the exercise date equal to the aggregate option exercise price; (ii) if and so long as the stock is registered under Section 12(b) or 12(g)
of the Exchange Act, by delivery on a form prescribed by the Plan Administrator of an irrevocable direction to a securities broker approved by the Plan Administrator to sell shares and deliver all or a portion of the proceeds to the Company in
payment for the Stock; (iii) by delivery of the Optionee’s promissory note with such full recourse, interest, security, and redemption provisions as the Plan Administrator in its discretion determines appropriate; or (iv) in any
combination of the foregoing. The amount of any promissory note delivered in connection with an incentive stock option shall bear interest at a rate specified by the Plan Administrator but in no case less than the rate required to avoid imputation
of interest (taking into account any exceptions to the imputed interest rules) for federal income tax purposes. In addition, the Plan Administrator, in its sole discretion, may authorize the surrender by an Optionee of all or part of an unexercised
option 

  
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and authorize a payment in consideration thereof of an amount equal to the difference between the aggregate fair market value of the Stock subject to such option and the aggregate option price of
such Stock. In the Plan Administrator’s discretion, such payment may be made in cash, shares of Stock with a fair market value on the date of surrender equal to the payment amount, or some combination thereof. The purchase price for shares
purchased under an option may also be paid by such other consideration as the Plan Administrator may permit. 

  

	 	(b)	In the event that the exercise price is satisfied by the Plan Administrator retaining from the shares of Stock otherwise to be issued to Optionee shares of Stock having
a value equal to the exercise price, the Plan Administrator may issue Optionee an additional option, with terms identical to this option agreement, entitling Optionee to purchase additional Stock in an amount equal to the number of shares so
retained. 

  

	15.	Withholding Taxes. 

  

	 	(a)	No Stock shall be granted or sold under the Plan to any participant, no RSU shall be settled through the issuance of Stock, and no SAR may be exercised, until the
participant has made arrangements acceptable to the Plan Administrator for the satisfaction of federal, state, and local income and social security tax withholding obligations, including without limitation obligations incident to the receipt of
Stock under the Plan, the lapsing of restrictions applicable to such Stock, the failure to satisfy the conditions for treatment as incentive stock options under applicable tax law, or the receipt of cash payments. Upon exercise of a stock option,
the lapsing of any restriction on stock, or the settlement of any RSU, issued under the Plan, the Company may satisfy its withholding obligations by withholding from the Optionee or requiring the stockholder to surrender shares of the Company’s
Stock sufficient to satisfy federal, state, and local income and social security tax withholding obligations. 

  

	 	(b)	In the event that such withholding is satisfied by the Company or the Optionee’s employer retaining from the shares of Stock otherwise to be issued to Optionee
shares of Stock having a value equal to such withholding tax, the Plan Administrator may issue Optionee an additional option, with terms identical to the option agreement under which the option was received, entitling Optionee to purchase additional
Stock in an amount equal to the number of shares so retained. 

  
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	16.	Corporate Transaction. 

  

	 	(a)	For purposes of this Section 16, a “Corporate Transaction” shall include any of the following stockholder-approved transactions to which the
Company is a party: 

  

	 	(i)	a merger or consolidation in which the Company is not the surviving entity, except for (1) a transaction the principal purpose of which is to change the state of
the Company’s incorporation, or (2) a transaction in which the Company’s stockholders immediately prior to such merger or consolidation hold (by virtue of securities received in exchange for their shares in the Company) securities of
the surviving entity representing more than fifty percent (50%) of the total voting power of such entity immediately after such transaction; 

  

	 	(ii)	the sale, transfer or other disposition of all or substantially all of the assets of the Company unless the Company’s stockholders immediately prior to such sale,
transfer or other disposition hold (by virtue of securities received in exchange for their shares in the Company) securities of the purchaser or other transferee representing more than fifty percent (50%) of the total voting power of such
entity immediately after such transaction; or 

  

	 	(iii)	any reverse merger in which the Company is the surviving entity but in which the Company’s stockholders immediately prior to such merger do not hold (by virtue of
their shares in the Company held immediately prior to such transaction) securities of the Company representing more than fifty percent (50%) of the total voting power of the Company immediately after such transaction. 

 

	 	(b)	In the event of any Corporate Transaction, any outstanding option, SAR, or RSU shall terminate and any restricted stock shall be reconveyed to or repurchased by the
Company immediately prior to the specified effective date of the Corporate Transaction; provided, however, that to the extent permitted by applicable law and unless otherwise determined by the Plan Administrator in its discretion (and reflected in
the applicable written agreement evidencing the grant of the award), any unvested option, SAR, RSU or any restricted stock shall vest and become exercisable as to 25% of the unvested shares, or become nonforfeitable as to 25% of the forfeitable
shares, as applicable, immediately prior to the specified effective date of the Corporate Transaction. Notwithstanding the foregoing, options, SARs, RSUs or restricted stock shall not terminate if, in connection with the Corporate Transaction, they
are to be assumed or substituted by the successor corporation or its parent company. Unless otherwise determined by the Plan Administrator in its discretion (and reflected in the applicable written agreement evidencing the grant of the award), if
options, SARs, RSUs or restricted stock are not assumed or substituted by the successor corporation or its parent pursuant to options, SARs, RSUs or restricted stock agreements providing substantially equal value and having substantially equivalent
provisions as the options, SARs, RSUs or restricted stock granted pursuant to this Plan, such options, SARs, RSUs or restricted stock shall vest and become exercisable or nonforfeitable, as applicable, as to an additional 25% of the unvested shares
or forfeitable shares, immediately prior to the specified effective date of the Corporate Transaction. 

  
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	17.	Stockholder Approval. This Plan shall only become effective with regard to incentive stock options upon its approval by a majority of the stockholders voting (in
person or by proxy) at a stockholders’ meeting held within 12 months of the Board’s adoption of the Plan. The Plan Administrator may grant incentive stock options under the Plan prior to the stockholders’ meeting, but until
stockholder approval of the Plan is obtained, no incentive stock option shall be exercisable. 

  

	18.	Information to Plan Participants. The Company shall provide to each Plan participant, during any period for which said participant has one or more options or
SARs or shares acquired pursuant to the Plan outstanding, copies of annual reports of the Company issued during said period. 

  

	19.	No Trust or Fund. The Plan is intended to constitute an “unfunded” plan. Nothing contained herein shall require the Company to segregate any monies or
other property, or shares of Stock, or to create any trusts, or to make any special deposits for any immediate or deferred amounts payable to any Optionee, and no Optionee shall have any rights that are greater than those of a general unsecured
creditor of the Company. 

  

	20.	Severability. If any provision of the Plan or any option is determined to be invalid, illegal or unenforceable in any jurisdiction, or as to any person, or would
disqualify the Plan or any option under any law deemed applicable by the Plan Administrator, such provision shall be construed or deemed amended to conform to applicable laws, or, if it cannot be so construed or deemed amended without, in the Plan
Administrator’s determination, materially altering the intent of the Plan or the option, such provision shall be stricken as to such jurisdiction, person or option, and the remainder of the Plan and any such option shall remain in full force
and effect. 

  
 Page 10Lease Agreement, dated January 28, 2008

 Exhibit 10.13 
 LEASE AGREEMENT. 
 THIS LEASE AGREEMENT, made, executed and entered into
this 28 day of January 2008, by and between PBI PROPERT1ES, an Iowa general partnership. LARRY KANE INVESTMENTS, L.C., an Iowa limited liability company, and SWATI DANDEKAR (hereinafter “Landlord”), and 2ND STORY SOFTWARE, INC.
(hereinafter ‘Tenant”) 
 WITNESSETH: 
 In consideration of the promises, covenants and agreements of the parties contained and made herein. Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the premises, property and
facilities hereinafter described upon the terms and conditions hereinafter set forth 
 1. LEASED PREMISES The premises
which is the subject matter of this Lease is situated upon Lot 3, Council Street Industrial Park First Addition to Cedar Rapids, Iowa, and is more particularly described as follows: 

ALL OF THE NORTH BUILDING CONSISTING OF TWO (2) FLOORS AND THE SECOND FLOOR OF THE SOUTH BUILDING 

Any reference hereinafter in this Lease to “leased premises” or “premises” shall mean and refer to the above-described office space
being leased by Tenant. Any reference hereinafter in this Lease to “real estate” shall mean and refer to Lot 3, Council Street Industrial Park First Addition to Cedar Rapids, Iowa. 

2. TERM. The initial term of this Lease {hall be for a period of sixty-six (66) months commencing on March 1, 2008, and
ending on August 31, 2013. 
 Landlord hereby grants to Tenant the option to renew this Lease for an additional two
(2) year period upon the same conditions and terms which were in effect during the original term except for an adjustment in the base annual rental. Written notice of the exercise of said option by Tenant must be received by Landlord no later
than six (6) months prior to termination of the original term. 
 3. RENTAL. Tenant shall pay to Landlord as annual
base rental for the premises during the initial term of this Lease an annual base rent of $369,000 00 payable monthly in the amount of $30,750 00 in advance at such place as may be designated by Landlord. 

The annual base rent shall be adjusted for the option term of the Lease to be $405,900 00 payable monthly in advance in the amount of
$33,825 00. 
 4 NET RENTAL. It is the intention of the parties hereto that this Lease is a “triple net Lease”
and that the rentals payable to Landlord shall be a net rental and Tenant as hereinafter more particularly set forth, shall pay any and all taxes, costs and expenses arising from the use and occupancy of the leased premises. If a sales tax or other
similar tax is imposed against Landlord on the rentals due pursuant to this Lease Agreement during the term of this Lease or any extension thereof, Tenant shall pay as additional rent such tax as may be imposed. In no event, however, shall Tenant be
required to pay any income tax based upon the receipt of the rentals by Landlord 
 5. TENANT’S PROPORTIONATE SHARE OF
COMMON AREAS AND FACILITIES. In addition to the base annual rental payable pursuant to paragraph 3 hereof, the Tenant shall pay to the Landlord quarterly its proportionate share of the cost of operating and maintaining the

 
common areas and facilities, including without limitation all parking areas, access roads, sidewalks, landscaped space and other space used in common or available for use in common by the Tenant
or its customers, employees, agents or other invitees. Operating and maintaining such areas and facilities shall include without limitation furnishing exterior and parking area lighting, cleaning, snow removal line painting, care of lawn, shrubs and
plants, payment of water and sewerage charges, maintenance and repair of above-ground utility systems, and general maintenance of all areas and facilities provided by the Landlord for the common use of the occupants of the buildings Tenant's
“proportionate share” shall be seventy-five percent (75%)
 6. TAXES Tenant shall have the responsibility of
paying, as additional rent, its proportionate share of real estate taxes, special assessments or similar charges levied against the leased premises and the improvements thereon by virtue of any present or future law of the United States of America,
the State of Iowa, any county or municipality, or any political subdivision of any of the aforesaid On the first day of each month, Tenant shall pay to Landlord, as additional rent, one-twelfth (1/12) of the estimated real estate taxes, special
assessments, or other charges to become due during the following twelve (12) month period, which funds shall be applied by Landlord to payment of said taxes as the same become due and payable Landlord will maintain such payments in a
noninterest bearing account. Estimated tax payments will be made on the best information currently available. As of the end of each fiscal tax year, any overpayments will be credited and any underpayment will be added In computing the estimated
taxes to be paid for the following fiscal tax year. As a new millage rate becomes known or a new assessed value becomes known, the same adjustments will be made as outlined above. Tenant shall have the responsibility of paying any increase in the
real estate taxes caused by any other improvements constructed by or at the direction of Tenant. In the event Landlord pays any taxes, assessments, or charges from the funds in its possession, it will furnish Tenant with receipts showing the
payments made. In the event Landlord fails to properly apply any funds in its possession to the payment of taxes, Tenant may pay the same and deduct the amount thereof from the rentals payable hereunder. Taxes payable for the year the Lease
terminates shall be prorated as of the date the Lease expires and Tenant’s share of those taxes shall be due and payable with the final month’s rent payment. In the event any special assessments are made against the premises payable in
annual Installments at the option of the taxpayer, Tenant will only be obligated to pay such installments, together with interest of other carrying charge, as shall become due and payable during the Lease term. 

7. FIRE AND CASUALTY INSURANCE Tenant shall have the responsibility of paying, as additional rent, its proportionate share of the
expense of keeping all buildings and improvements affixed to said premises and all furnishings, fixtures and equipment located thereon insured at all times against loss by fire, windstorm, lightning, tornado and other hazards and casualties to Full
Replacement Cost. Said policy shall provide that full replacement value (without deduction for depreciation) shall also apply if the building or Improvements must be rebuilt at a different location due to then applicable laws, statutes or
ordinances. In the event of the destruction of or damage to the leased premises by fire or other casualty, the proceeds from said insurance will be used to replace, restore and repair the leased premises, Tenant shall be obligated to pay for any
increase in insurance premiums caused by and/or resulting from its use and occupancy of the premises. 
 8. DESTRUCTION OF
PREMISES Tenant shall give immediate written notice to Landlord of any damage caused to the premises by fire or any other casualty. In the event of a partial destruction or damage of the leased premises, which is a business interference, that
is, which prevents the conducting of a normal business operation and which damage is reasonably repairable within one hundred twenty (120) days after its occurrence, this Lease shall not terminate but the rent for leased premises shall abate
during the time of such business interference In the event of partial destruction, Landlord shall repair such damages within one hundred twenty (120) days of its occurrence unless prevented from so doing by acts of God, the elements, the public
enemy, strikes, riots, insurrection, government regulations, city ordinances, labor, material or transportation shortages, or other causes beyond Landlord’s reasonable control. 

 In the event of a total destruction or damage of the leased premises so that Tenant is not
able to conduct its business on the premises or the then current legal use for which the premises are being used and which damages cannot be repaired within one hundred twenty (120) days, this Lease may be terminated at the option of either
Landlord or Tenant. Such termination in such event shall be effected by written notice of one party to the other, within twenty (20) days after such destruction. Tenant shall surrender possession within ten (10) days after such notice
issues, and each party shall be released from all future obligations hereunder, Tenant paying rental pro rata only to the date of such destruction. In the event of such termination of this Lease, Landlord at its option, may rebuild or not, according
to its own wishes and needs 
 Nothing in this paragraph 8 shall limit Landlord’s right to collect any and all amounts
payable under the provisions of paragraph 10 of this Lease. 
 9. LIABILITY INSURANCE Tenant shall, at its expense,
maintain comprehensive general public liability insurance. Such insurance shall have limits of not less than Five Hundred Thousand Dollars ($500,000.00) for personal injury sustained by anyone (1) person; One Million Dollars ($1,000,000.00) for
personal injury sustained in any one (1) accident; and One Hundred Thousand Dollars ($100,000.00) for property damage in any one (1) accident. In addition, Tenant shall maintain a liability umbrella policy in the amount of Five Million
Dollars ($5,000,000.00) 
 10. RENTAL VALUE INSURANCE Tenant shall, at its expense, provide Rental Value Insurance with
Landlord as the named insured in an amount sufficient to pay the following for a period of six (6) months; all rentals due under the terms of this Lease; all real estate taxes which are the obligation of Tenant hereunder; and all insurance
premiums. 
 11. GENERAL INSURANCE PROVISIONS. All insurance required to be maintained by Tenant under the terms of this
Lease shall name Landlord as an insured party and shall be in such companies and in such form as shall be acceptable to Landlord. Such policies shall contain an agreement by the insurance company that such policy or policies shall not be canceled
without at least ten (10) days prior written notice to Landlord. Tenant shall deliver to Landlord copies of insurance policies in force or appropriate certificates of insurance and shall furnish Landlord with proof that such policies have been
renewed at least ten (10) days prior to their expiration date. 
 12. USE OF PREMISES Tenant shall use and occupy
the subject premises only for general office purposes. Tenant shall not use or knowingly permit any part of such premises, property or facilities to be used or occupied for any unlawful purpose. Tenant shall, at Tenant’s own cost and expense,
procure each and every permit, license, certificate or other authorization required in connection with the lawful and proper use of the leased premises or required in connection with any building or improvements now or hereafter erected on the
leased premises. Landlord shall cooperate with Tenant and join in the execution of necessary applications and other documents. 

Tenant shall make all repairs, alterations, additions or replacements to the leased premises, whether interior or exterior, structural
or nonstructural, required by any law or ordinance or any order or regulation of any public authority necessary because of Tenant’s use or occupancy of the leased premises and to keep the leased premises equipped with all safety appliances so
required because of such use or occupancy. 
 13. UTILITIES Tenant shall, at its own expense, pay for all utilities
serving the leased premises. 

 14. CONDITION OF PREMISES The occupancy by Tenant of the leased premises shall
constitute an acknowledgment by Tenant that the leased premises are in the condition called for by this Lease and that Landlord has performed all of the Landlord’s work with respect therein and that all construction required in accordance with
the terms of this Lease have been fully and satisfactorily completed in accordance with the terms hereof. 
 15. CARE AND
MAINTENANCE OF PREMISES AND REAL ESTATE 
 (a) LANDLORD’S DUTY OF CARE AND MAINTENANCE. Landlord shall, at its expense,
maintain in good repair the walls, roofs and floors of the buildings, as well as the structural soundness of the buildings and all underground gas, water and sewer pipes. In addition, Landlord shall maintain in good repair the atrium, parking lot,
sidewalks and driveways on the Premises. The normal recurring maintenance costs, excluding major repairs or items of the “capital” nature, for maintaining and repairing the parking lot, sidewalks and driveways on the Premises shall be a
common maintenance expense. 
 (b) TENANT’S DUTY OF CARE AND MAINTENANCE Tenant shall keep and maintain the inside of the
leased premises in good repair, perform routine maintenance on the heat and air conditioning systems equipment, and shall be responsible for all glass, and any casualty damage, reasonable wear and tear excepted, except, however, as such casualty
damage may have been caused by Landlord’s negligence. Tenant shall furnish Janitorial service to the leased premises at Tenant’s expense. Tenant shall at its own expense add additional air conditioners as needed and a power generator to
service their needs. All costs to install, purchase, maintain and repair the add-on air conditioners and generator will be the responsibility of the Tenant. 
 16. MECHANIC’S LIENS. In the event any mechanic’s lien shall arise or be claimed upon the subject premises against either Tenant or Landlord on account of material furnished or labor or
work performed by either under the rights and obligations of either under this Lease Agreement, and a mechanic’s lien be filed or an action be brought for the foreclosures of any such lien against either Tenant or Landlord, or both, then Tenant
and landlord each agree to either pay and cause such lien to be released or to post with the other an Indemnification bond to secure and protect the others interest in the subject premises, in an amount and with sureties to be approved by the other,
which approval shall not be unreasonably withheld. 
 17. TRANSFER OF LEASEHOLD INTEREST Tenant shall not sublet, assign,
transfer, mortgage or pledge this Lease Agreement or any renewal or extension thereof, or any part thereof, without the written consent of Landlord for each such instance, which consent will not unreasonably be withheld; no written consent by the
Landlord to any such assignment, transfer, mortgage, pledge or subletting shall release Tenant from the liability for the full performance of all of Tenant agreeements hereunder. Unless otherwise expressly provided in such written consent. Tenant
further agrees not to suffer or permit the transfer or assignment of this Lease or any part thereof or interest therein by operation of law. 
 18. INSPECTION OF PREMISES Landlord, its agents and employees, shall have the right to enter upon the premises at reasonable times for the purpose of inspecting the same or to make such repairs,
additions or betterments as Landlord may see fit to make for the safety, improvement or preservation thereof or any other reasonable purpose. 
 19. SUBORDINATION. Tenant agrees that this Lease Agreement shall be subject and subordinate at all times to the lien of any existing mortgage or to mortgages which may

 
hereafter be made a lien on the premises by Landlord. Tenant agrees to execute and deliver such further instruments subordinating this Lease Agreement to the lien of any such mortgages as may be
desired or required by the mortgagee, provided however, that the mortgagee agrees to recognize the rights of Tenant under this Lease Agreement until such time as it is in default under the terms hereof Tenant further agrees that the foreclosure of
such a Mortgage shall not be the cause of a cancelation of this Lease and that Tenant will pay the rental and other charges herein provided to such mortgagees and will continue to perform all covenants and agreements of this Lease. 

20. RIGHT TO CURE DEFAULTS In the event Tenant shall fail to pay taxes, special assessments or other charges, fail to keep
required insurance in full force and effect, or fail to effect necessary repairs and/or replacements, or become in default in any other manner. Landlord may, but need not, pay such taxes, assessments, charges, insurance premiums or make such
necessary repairs and/or replacements as provided for in paragraph 16 or otherwise cure any existing default, and all sums paid or expenses incurred by Landlord shall be deemed additional rent and shall be added to the next subsequent monthly
installments of rent due and payable under this Lease. Nothing in this paragraph shall limit or modify Landlord’s rights or Tenant responsibilities under paragraph 16. The provisions of this paragraph shall survive the termination of this Lease
Agreement or any extensions thereof. 
 21. INTEREST AND OTHER CHARGES Any sums owed by Tenant under the terms of this
Lease, if not paid when the same shall become due and payable, shall bear interest at the rate of fifteen percent (15%) per annum from the due date thereof. In the event any action or proceeding is commenced for the collection of rent or to
enforce any of the other provisions of this Lease, Tenant shall pay and have taxed as part of the costs, reasonable attorney’s fees in favor of Landlord Tenant agrees that in the event any payment due hereunder has not been made within ten
(10) days after due, it shall remit to Landlord a late charge equal to two percent (2°k) of the amount due 
 22.
LANDLORD’S LIEN. To secure the full performance by Tenant of each and all of its obligations under and by virtue of this Lease Tenant hereby grants to Landlord and Landlord shall have a lien upon any and all of the property of Tenant
brought upon or kept upon the leased premises at any time during the period of the lease. Said lien shall continue until any and all indebtedness from Tenant to Landlord is fully paid. Said lien may be enforced in the manner provided by the laws of
the State of Iowa for the enforcement of the statutory landlord’s lien or otherwise. If Landlord should so request, Tenant agrees to execute any required security agreements and/or financing statements necessary to perfect Landlord’s lien
in and to Tenant’s property located at the leased premises 
 23. DEFAULT In the event of any breach by Tenant of
any of the covenants, agreements and conditions of this Lease or if Tenant shall abandon or vacate the leased premises before the end of the term of the Lease, or if Tenant shall become insolvent, or shall be adjudicated bankrupt, or if Tenant
property located on the leased premises shall be levied upon on execution, or if any lien against Tenant property located upon the leased premises shall not be released within thirty (30) days, then and in any of said events, all of the
indebtedness of Tenant to Landlord under this Lease, upon ten (10) days written notice in case of a default involving the payment of money or thirty (30) days notice in other cases of default, shall become immediately due and payable, and
Landlord thereupon: 
  

	 	(a)	shall have the right to enforce the payment of said indebtedness by foreclosure of the liens securing the same, and/or 

 

	 	(b)	shall have the right, without further notice, to declare a forfeiture and termination of this Lease and of all rights of Tenant thereunder, and shall have the right to
remove Tenant from said premises, and/or 

	 	(c)	shall have the right, without further. notice and without declaring forfeiture and termination of this Lease, to take possession of said premises and rent the same in
Landlord’s name for such rent and upon such terms as Landlord may determine and to apply said rent upon the amount owing by Tenant hereunder Tenant shall remain liable for any deficiency in the total rentals received by Landlord

 The aforesaid rights of Landlord shall not be exclusive of each other nor of any other rights and remedies which Landlord may
have at any time under the laws of the State of Iowa or this Lease Agreement, but shall be cumulative. In the event of termination as provided for in this paragraph, Tenant shall pay forthwith to Landlord as liquidated damages the difference between
the value of the rent and all other indebtedness from Tenant to Landlord reserved in this Lease at the time of such termination and the fair rental value of the leased premises for the residue of said term 

24. EMINENT DOMAIN If all or any part of the leased premises shall be taken for any public or quasi-public use under any statute,
or by right of eminent domain, or by private purchase in lieu thereof, this Lease shall terminate as to such portion so taken and Landlord and Tenant shall pursue their respective rights against the acquiring authority independently of each other
but no such claim by Tenant shall diminish or otherwise adversely affect landlord’s award. Tenant shall have no right or claim to any portion of Landlord’s award for the taking of its right, title or interest in the leased premises nor
shall Landlord have any light or claim to any portion of Tenant’ award for the taking of its property, its leasehold improvements or for the value of its leasehold interest taken. In the event of a partial taking, Tenant shall continue to
utilize said premises for the operation of their business to the extent that it may be practicable to do so from the standpoint of good business, and in such event rental shall abate from the time of such taking until the remainder of the premises
have been restored, except to the extent that Tenant continues or resumes doing business from part of the premises, in which case the rent will be equitably reduced 
 25. TERMINATION DAMAGES Upon termination of this Lease or any extension thereof, if Tenant is not then in default, Tenant may remove its furniture, furnishings, fixtures, equipment and other
property located upon and installed in the subject premises at Tenant expense, except as hereinbefore and otherwise provided. Tenant shall repair any damage to the subject premises occasioned by such removal and restore said premises to the
condition prior to its tenancy, reasonable wear and tear expected 
 26. SIGNS Tenant may, at its own cost and expense,
attach or affix to the exterior of the building signs or insignia which shall be in compliance with the rules, regulations, ordinances and statutes of the City of Cedar Rapids and the State of Iowa. All signs to be affixed to the building or
otherwise located upon the leased premises shall be subject to the approval of Landlord, which approval will not be unreasonably withheld. 
 27. ENVIRONMENTAL Tenant will not, during the term of this Lease and in connection with the use of the leased premises, engage in the business of generating, transporting, storing, treating or
disposing of any material or substance designated or classified as a hazardous substance, waste or contaminant by any federal, state or local statute or ordinance or by any rule or regulation promulgated or adopted pursuant thereto, including but
not limited to, petroleum, asbestos, ‘PCB”s and radioactive materials or waste (“Hazardous Materials”) on the property. Tenant will not permit the leased premises to be used for the storing or disposal of waste or for storing or
disposal of Hazardous Materials and will not permit the leased premises nor any of its various components to emit any Hazardous Materials, provided that the foregoing shall not prohibit lawful storage and use of material incidental to Tenant
business. Tenant shall indemnify and hold Landlord harmless from any damages or claims arising from a breach of this provision 

 28. REPRESENTATIONS. Landlord and its agent have not made any representations with
respect to the subject premises, property and facilities, the land upon which the same are located, by implication or otherwise, except as expressly set forth in the provisions of this Lease Agreement 

29. ENTIRE AGREEMENT AND CHANGES. This Lease Agreement in itself contains the entire agreement between Landlord and Tenant and can
only be changed and modified in writing between them 
 30. LAW APPLICABLE AND INVALIDITY This Lease Agreement shall be
deemed to have been made in the State of Iowa and shall be construed according to the laws of said State. If any provisions of this Lease Agreement shall for any reason be held to be invalid or unenforceable, such invalidity or unenforceability
shall not affect any other provisions hereof, and said Lease Agreement shall be construed as if such invalid of unenforceable provision had never been contained herein. 
 31. NOTICES Any notice required to be given under this Lease Agreement or which may be given, though not required, shall be in writing and shall be deemed duly served if mailed by certified mail,
in case of notice to Tenant to the address of the leased premises, and in case of notice to Landlord, to the place at which the rent is then being paid. Either party may change the address to which said notices shall be sent by giving written notice
of such change to the other. Personal service of any such notice may be made in lieu of service by mail, provided that such personal service is made upon an officer or designated agent of Landlord or is made upon an officer or designated agent of
Tenant. 
 32. QUIET ENJOYMENT Landlord covenants that it has full authority to execute this Lease Agreement and that
Tenant, upon paying the rentals herein provided and performing its obligations under this Lease Agreement shall quietly have, hold and enjoy the leased premises during the term hereof, subject to the provisions herein contained 

Landlord shall have the right to mortgage all of its right, title and interest in and to the real estate, including the leased premises,
at any time without notice, subject to this Lease. 
 33. WAIVER OF BREACH. It is further covenanted and agreed by and
between the parties that no waiver of a breach of any of the covenants of this Lease Agreement nor any payment by Landlord of any sums due and payable by Tenant nor the performance by Landlord of any act which is the duty and obligation of Tenant
under the terms of this Lease Agreement, shall be construed to be a waiver of any succeeding breach of the same or any other covenant, and that the failure of Landlord to insist upon strict performance of any of the covenants or conditions or
provisions of this Lease Agreement or to exercise any option herein conferred in any one or more instances, shall not be construed to be a waiver of or relinquishment for the future of any such covenants, conditions or options but the same shall
remain in full force and effect. It is further covenanted and agreed that the acceptance of or collection of rent by Landlord from any subtenant, assignee or transferee of this Lease or from any successor to Tenant interest therein, even though with
full notice thereof constitute a consent thereby by Landlord or waive any rights of Landlord arising out of any such unauthorized subletting, assignment or transfer. 
 34. LIABILITY. Tenant agrees that Landlord shall not at any time or to any extent whatsoever be liable, responsible or in any wise accountable for any loss, injury, death, or damage

 
to persons or property from any cause or causes whatsoever except that caused by the negligence of Landlord, its agents or employees, which at any time may be suffered or sustained by Tenant, or
by any person whosoever at any time may be using, occupying or visiting the leased premises, and Tenant agrees to indemnify and save Landlord, its agents and employees, harmless from any and all claims, liabilities, losses, damages, costs and
expenses whatsoever arising out of any such injury, death or damage, except that caused by the negligence of Landlord, its agents or employees, however occurring. Tenant agrees to pay for all damages done to the leased premises and the improvements
placed thereon by Tenant or any person or persons permitted on premises by Tenant 
 35. TENANT’S CERTIFICATE.
Within ten (10) days after each request by Landlord, Tenant shall deliver a certificate to Landlord. The certificate shall be in writing, shall be acknowledged, and shall be in proper form for recording The certificate shall be executed by
Tenant if Tenant is an individual proprietorship, by a general partner of Tenant if Tenant is a partnership, or by the president or a vice president if Tenant is a corporation. Each certificate shall be certified to Landlord, any Mortgagee, any
assignee of any Mortgagee, any purchaser, or any other person specified by Landlord. 
 Each certificate shall contain the
following information certified by the person executing it on behalf of Tenant: (i) Whether or not Tenant is in possession of the premises; (n) Whether or not this Lease is unmodified and in full force and effect (if there has been a
modification of this Lease, the certificate shall state whether this Lease is in full force and effect as modified) and whether Landlord is in default under this Lease in any respect; (iv) Whether or not there are than any claims or defenses
against the enforcement of any right or remedy of Landlord or any duty or obligation of Tenant (and if so, specify the same); (v) The dates, if any, to which any rent or charges have been paid in advance; and (vi) Any other information
reasonably requested by Landlord. 
 Within ten (10) days after request therefore by Landlord or any prospective purchaser
or Mortgagee or other lender, Tenant hereby agrees to deliver to the requesting party Tenant’s most recent financial statements and most recent annual report, if any, all prepared in accordance with generally accepted accounting principles
consistently applied. Such statements shall be prepared by the accountants then regularly employed by Tenant or, if Tenant does not then regularly employ accountants for the preparation of such financial statements, the financial statement shall be
prepared by Tenant and signed by its President, if a corporation or general partner, if a partnership, who shall certify that the statement fairly presents the financial condition of the Tenant as of the date stated. 

Landlord shall hold any financial information obtained from Tenant in strict confidence except as may be necessary (a) for the
enforcement of Landlord’s rights under this Lease, (b) in connection with prospective financing or prospective sale of the Premises, (c) with respect to tax proceedings, and (d) pursuant to any legal requirements 

36. ACCORD AND SATISFACTION No payment by Tenant or receipt by Landlord of a lesser amount than the monthly rent herein stipulated
shall be deemed to be other than on account of the earliest stipulated rent, nor shall any endorsement or statement on any check or any letter accompanying any check or payment as rent be deemed an accord and satisfaction, and Landlord’s right
to recover the balance of such rent or pursue any other remedy in this Lease provided 
 37. HOLDING OVER. In the event
Tenant, with Landlord’s consent, remains in possession of the premises after the expiration or termination of the term of this Lease, and without the execution of a new Lease, Tenant shall be deemed to be occupying the premises as a Tenant from
month to month at a monthly rental rate equal to 125% of the amount due for the last month of the Lease term, and otherwise subject to all conditions, provisions and obligations of this Lease insofar as the same are applicable to a month-to-month
tenancy 

 38. “LANDLORD” MEANS “OWNER” The term “Landlord,” as
used in this Lease, so far as covenants or obligations on the part of Landlord are concerned, shall be limited to mean and include only the owner or owners at the time in question of the fee title to the premises and in the event of any transfer or
transfers of the title to such fee, Landlord herein named (and in the case of an subsequent transfer or conveyance, the then grantor) shall be automatically freed and relieved, from and after the date of such transfer or conveyance, of all liability
as respects the performance of any covenants or obligations on of the part of the Landlord contained in this Lease thereafter to be performed; provided that any funds in the hands of such Landlord or the then grantor at the time of such transfer, in
which Tenant has an interest, shall be turned over to the grantee, and any amount then due and payable to Tenant by Landlord, or the then granter under any provisions of this Lease, shall be paid to Tenant. 

39. TENANT’S AUTHORITY TO EXECUTE THIS LEASE Tenant warrants and represents to Landlord that: 

 

	 	(a)	Tenant is a corporation duly organized and validly existing in good standing under the laws of the state of Iowa, and has full right, power, and authority to enter into
this Lease and consummate all of the terms and provisions thereof, 

  

	 	(b)	The execution and delivery by Tenant of this lease will not result in any breach or violation of or default under or be in conflict with any of the terms or provisions
of the Articles of Incorporation or Bylaws of Tenant as heretofore amended and in force on the date of execution hereof, or any agreement or other instrument to which Tenant is a party or by which it is bound and does not require the approval of any
administrative agency or court; 

  

	 	(c)	The execution and delivery of this Lease has been duly authorized and this Lease is valid and binding upon Tenant 

40. RELATIONSHIP OF PARTIES It is agreed that nothing contained in this Lease Agreement shall be deemed or construed as creating a
partnership or joint venture between Landlord and Tenant or between Landlord and any other party, or cause Landlord to be responsible in any way for the debts or obligations of Tenant or any other party 

41. GENERAL PROVISIONS, Words and phrases herein shall be construed as in the singular or plural number and as masculine, feminine
or neuter gender, according to context 
 42. SHORT FORM LEASE The parties hereto agree that this Lease Agreement shall
not be recorded, but that a Short Form Lease setting forth the rights of the parties of which notice to third parties should be given may be executed and recorded. 
 43. SUCCESSORS IN INTEREST This Lease Agreement shall be binding upon the parties hereto, their heirs, beneficiaries, legal representatives, successors and assigns. 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth herein

  

			
	2ND STORY SOFTWARE, INC.	 	PBI PROPRIETIES
		
	 /s/ Cammie Greif
	 	 /s/ Fred Timko

	Cammie Greif, Tenant	 	Fred Timko, Partner
		
		 	LARRY KANE INVESTMENTS, L.C
		
		 	 /s/ Larry J. Kane

		 	Larry Kane
		
		 	 /s/ Swati A. Dandekar

		 	Swati Dandekar

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