Exhibit 10.1
THE FRANCIS G. NEWLANDS
BUILDING
ADDENDUM NO. 4 TO OFFICE
LEASE
THIS ADDENDUM NO. 4 TO OFFICE LEASE (this
“ Addendum No. 4 ”) is made and entered into
this 2nd day of April, 2008, by and between NEWLANDS BUILDING
VENTURE, LLC, a Maryland limited liability company, hereinafter
called “ Lessor ”, and COSTAR REALTY
INFORMATION, INC., a Delaware corporation, hereinafter called
“ Lessee ”.
WITNESSETH:
WHEREAS, by Office Lease dated August 12, 1999,
as amended by Addendum No. 1 dated May 15, 2000 and Addendum No. 2
dated July 1, 2000, Lessor leased to Lessee approximately 60,041
square feet of rentable area (the “ Original Demised
Premises ”) on the ninth (9 th ),
tenth (10 th
) and eleventh (11
th ) floors of the office building situated at Two
Bethesda Metro Center, Bethesda, Maryland (the “
Building ”), together with certain storage space
therein;
WHEREAS, pursuant to Addendum No. 3 dated May
12, 2004 (the “ Addendum No. 3 ”), and said
Office Lease as so amended by Addenda Nos. 1-3, collectively, the
“ Lease ”), Lessor leased to Lessee additional
space on the fourth (4 th )
floor of the Building comprising approximately 13,522 square feet
of rentable area (the “ Additional Space ”);
and
WHEREAS, Lessee desires to terminate the Lease
with respect to the Additional Space, and Lessor is willing to
agree to such early termination with respect to the Additional
Space, on the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the mutual
covenants and agreements hereinafter set forth, the parties hereto
do mutually agree that the Lease shall be and is hereby amended to
provide as follows, all capitalized terms being as defined in the
Lease unless otherwise noted herein:
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TERMINATION OF ADDITIONAL
SPACE
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The term of the Lease with respect to the
Additional Space is terminated effective as of 11:59 p.m. on April
27, 2008 (the “ Partial Termination Date ”),
with the same force and effect as if such date were the expiration
date under the Lease with respect to the Additional
Space. From and after the Partial Termination Date, the
remaining premises leased by Lessee pursuant to the Lease shall be
the Original Demised Premises, and all references in the Lease to
“Demised Premises” shall mean and refer to the Original
Demised Premises. On or before 11:59 p.m. on the Partial
Termination Date, Lessee shall surrender the Additional Space to
Lessor free and clear of all occupancies and tenancies and in good
order, repair and condition, broom clean and free of all personal
property, furnishings and debris, and otherwise in accordance with
the provisions of the Lease.
If Lessee fails to surrender the
Additional Space as required herein on or before the Partial
Termination Date, Lessee shall be a holdover tenant with respect to
the Additional Space and the terms and conditions of Section
33 of the Lease, including without limitation Lessee’s
liability to pay to Lessor the amounts specified therein, shall
apply to any holdover occupancy of the Additional Space.
Lessee has advised Lessor that it has made
arrangements with the new tenant of the Additional Space, General
Electric Capital Corporation (“ GECC ”), whereby
Lessee would leave the existing furniture in t
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