Document:

exv10w3

Exhibit 10.3

[EXECUTION COPY}

TERM NOTE

September 30, 2008

          FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to BANK
OF AMERICA, N.A., a national banking association, or registered assigns (the “Lender”), in
accordance with the provisions of the Agreement (as hereinafter defined), the principal amount of
the Term Loan made by the Lender to the Borrower under that certain Credit Agreement, dated as of
September 30, 2008 (as amended, restated, extended, supplemented or otherwise modified in writing
from time to time, the “Agreement;” the terms defined therein being used herein as therein
defined), among the Borrower, the Lenders from time to time party thereto, and Bank of America,
N.A., as Administrative Agent, L/C Issuer and Swing Line Lender.

          The Borrower promises to pay interest on the unpaid principal amount of the Term Loan made by
the Lender from the date of such Loan until such principal amount is paid in full, at such interest
rates and at such times as provided in the Agreement. All payments of principal and interest shall
be made to the Administrative Agent for the account of the Lender in Dollars in immediately
available funds at the Administrative Agent’s Office. If any amount is not paid in full when due
hereunder, such unpaid amount shall bear interest, to be paid upon demand, from the due date
thereof until the date of actual payment (and before as well as after judgment) computed at the
Default Rate.

          This Term Note is one of the Term Notes referred to in the Agreement, is entitled to the
benefits thereof and may be prepaid in whole or in part subject to the terms and conditions
provided therein. This Term Note is also entitled to the benefits of the Guaranty and is secured
by the Collateral. Upon the occurrence and continuation of one or more of the Events of Default
specified in the Agreement, all amounts then remaining unpaid on this Term Note shall become, or
may be declared to be, immediately due and payable all as provided in the Agreement. The Term Loan
made by the Lender shall be evidenced by one or more loan accounts or records maintained by the
Lender in the ordinary course of business. The Lender may also attach schedules to this Term Note
and endorse thereon the date, amount and maturity of its Loans and payments with respect thereto.

          The Borrower, for itself, its successors and assigns, hereby waives diligence, presentment,
protest and demand and notice of protest, demand, dishonor and non-payment of this Term Note.

[Remainder of page left intentionally blank]

 

 

THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE COMMONWEALTH
OF MASSACHUSETTS (WITHOUT GIVING EFFECT TO ANY CHOICE OR CONFLICT OF LAW PROVISION OR RULE THAT
WOULD CAUSE THE APPLICATION OF THE DOMESTIC SUBSTANTIVE LAWS OF ANY OTHER STATE).

	 	 	 	 	 	 	 
	 	 	ATHENAHEALTH, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Jonathan Bush	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Jonathan Bush	 	 
	 

	 	Title:
	 	President & CEO	 	 

 

 

LOANS AND PAYMENTS WITH RESPECT THERETO

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Amount of	 	 	Outstanding	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	End of	 	 	Principal or	 	 	Principal	 	 	 	 
	 	 	Type of	 	 	Amount of	 	 	Interest	 	 	Interest Paid	 	 	Balance This	 	 	Notation	 
	Date	 	Loan Made	 	 	Loan Made	 	 	Period	 	 	This Date	 	 	Date	 	 	Made Byexv10w1

Exhibit 10.1

As adopted by the Board of
 Directors
on July 19, 2005 and
 amended on
September 16, 2008.

ART TECHNOLOGY GROUP, INC.

AMENDMENT TO NON-EMPLOYEE DIRECTOR

COMPENSATION PLAN

     This Non-Employee Director Compensation Plan (this “Plan”) as amended through May 22, 2008, is
further amended to establish the compensation of the Non-Employee Directors of Art Technology
Group, Inc. (the “Company”) beginning in fiscal year 2009 and subsequent fiscal years.

     ELIGIBILITY: Each member of the Company’s Board of Directors who is not an employee of the
Company shall be eligible to participate in the Plan (the “Non-Employee Directors”).

     ANNUAL RETAINER: Each Non-Employee Director shall receive an annual retainer in the amount of
$15,000, which shall be payable in quarterly installments in arrears.

     RESTRICTED STOCK UNITS: Each Non-Employee Director shall receive an annual restricted stock
unit grant of 28,000 shares of common stock of the Company (the “Common Stock”), to be granted each
year on the date of the Company’s Annual Meeting of Stockholders (or such later date on which a
Non-Employee Director shall first be elected) which restricted stock unit shall vest after one (1)
year beginning from the time of grant. The vesting for all restricted stock units granted to
Non-Employee Directors on or after the 2007 Annual Meeting of Stockholders will accelerate 100%
upon a Change of Control (as such term is defined in the Company’s General Change in Control Policy
for Employees).

     ADDITIONAL ANNUAL RETAINER FOR CHAIRS: Each Non-Employee Director shall receive an annual
retainer, payable in quarterly installments in arrears, in the amount of $10,000 in the case of the
Chair of the Board of Directors and Chair of the Audit Committee and $7,500 in the case of the
Chair of the Compensation Committee and Nominating and Governance Committee.

     MEETING FEES: Each Non-Employee Director shall also receive the following meeting fees:

	 	(i)	 	meeting fee of $2,000 for each scheduled meeting of the Board of Directors
attended (and for attendance at unscheduled meetings of the Board of Directors if the
Board Chair determines that attendance at such meeting should be compensated); and

	 	(ii)	 	meeting fee of $1,000 for each scheduled meeting of the Audit, Compensation, or
Nominating and Governance Committee of the Board of Directors attended (and for
attendance at unscheduled Committee meetings if the Committee Chair determines that
attendance at such meeting should be compensated).

 

 

     AMENDMENT AND INTERPRETATION: This Plan may be amended at any time by the Board of Directors
of the Company. Any dispute or ambiguity concerning the application of the terms of this Plan shall
be reso
lved by a determination of the Board of Directors of the Company, in its sole discretion.

-2-exv10w1

Exhibit
10.1

FIRST AMENDMENT TO LEASE

     THIS FIRST AMENDMENT TO LEASE (“First Amendment”) dated as of October 8, 2008, is entered into
by and between MCWHINNEY 409CC, LLC, a Colorado limited liability company (“Landlord”), and
CONSTANT CONTACT, INC., a Delaware corporation (“Tenant”).

RECITALS

     WHEREAS, Landlord and Tenant are parties to that certain Lease dated May 30, 2008 (“Lease”);
and

     WHEREAS, Landlord leased to Tenant and Tenant leased from Landlord approximately fifty
thousand (50,000) Rentable Square Feet of a Building to be constructed on Precision Drive,
Loveland, Colorado 80538, as more particularly described in the Lease; and

     WHEREAS, Landlord and Tenant desire to amend the terms of the Lease as set forth below.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:

	     1.	 	Finish Allowance: The Landlord’s Work and the Tenant’s Finish Work as
defined in the Work Letter are hereby modified as set forth on Exhibit A attached to
and made a part of this First Amendment. As a result thereof, the Finish Allowance, as
set forth in Section 3.7 of the Work Letter, shall be decreased from a maximum of
Forty-Six Dollars ($46.00) per Rentable Square Foot to a maximum of Forty-Three Dollars
and Sixty-Seven Cents ($43.67) per Rentable Square Foot.
	 
	     2.	 	Real Property: Exhibit B which is attached to the Lease and which
legally describes the Real Property upon which the Building is to be constructed is
hereby amended and replaced in its entirety with Exhibit B attached to and made a part
of this First Amendment.
	 
	     3.	 	Other Terms and Conditions: All capitalized terms not defined herein
shall have the meanings set forth in the Lease and, except as expressly stated herein,
the Lease shall remain in full force and effect and shall be binding upon the parties
in accordance with their terms. If there is any conflict between the Lease and the
terms of this First Amendment, the terms of this First Amendment shall control.

 

 

     IN WITNESS WHEREOF the parties have executed this First Amendment as of the day and year first
written above.

					
	CONSTANT CONTACT, INC., 

a Delaware corporation
	 	McWHINNEY 409CC, LLC, a Colorado

limited liability company
	 
	By:	 /s/ Thomas C. Howd
	 	By: 	
 McWhinney Real Estate Services, Inc.,
	Print Name: Thomas C. Howd
	 	        a Colorado corporation, Manager
	Print Title: Senior Vice President, Customer Operations	 	 
	 
	ATTEST:	 	 
	 
	By: 	 /s/ Robert P. Nault
	 	By: 	 /s/ Douglas L. Hill
	Print Name: Robert P. Nault
	 	        Douglas L. Hill
	Print Title: Vice President and General 

Counsel
	 	        Chief Operating Officer
	 
	“Tenant”
	 	“Landlord”

2

 

Exhibit A

Intentionally Omitted

 

 

EXHIBIT B

REAL PROPERTY

A tract of land being all of Lot 1, Block 6 and a portion of Lot 2, Block 6 of the Myers Group
Partnership #949 Third Subdivision located in the West Half of Section 3, Township 5 North, Range
68 West of the 6th Principal Meridian, County of Larimer, State of Colorado being more particularly
described as follows:

Considering the North line of said Lot 1, Block 6 as bearing South 89°57’24” East and with all
bearings contained herein relative thereto:

BEGINNING at the Northwest corner of said Lot 1, Block 6; thence, along the North line of said Lot
1, Block 6, South 89°57’24” East, 556.64 feet; thence continuing along said North line, North
71°15’52” East, 29.78 feet to a point on the West right-of-way line of Precision Drive; thence
along said West right-of-way line the following three courses and distances, along a curve concave
to the East having a central angle of 06°16’45”, a radius of 305.00 feet, an arc length of 33.43
feet and the chord of which bears South 21°52’30” East, 33.41 feet; thence, South 25°00’53” East,
186.55 feet; thence along a tangent curve concave to the northeast having a central angle of
00°56’01”, a radius of 330.00 feet, an arc length of 5.38 feet and the chord of which bears South
25°28’54” East, 5.38 feet; thence, South 64°03’06” West, 55.17 feet; thence, South 40°39’06” West,
522.50 feet to a point on the Southwesterly line of said Myers Group Partnership #949 Third
Subdivision; thence along said line, North 49°20’55” West, 461.24 feet to a point on the East
right-of-way line of Rocky Mountain Avenue; thence along said East right-of-way line the following
two courses and distances, North 15°40’26” East, 78.44 feet; thence along a tangent curve concave
to the West having a central angle of 12°19’26”, a radius of 1,135.00 feet, an arc length of 244.13
feet and the chord of which bears North 09°30’43” East, 243.66 feet to the POINT OF BEGINNING.

TO BE KNOWN AS:

Lot 1, Block 6, of the Amended Plat of Lots 1 & 2, Block 6, Myers Group Partnership #949 Third
Subdivision to the City of Loveland, County of Larimer, State of Colorado.

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