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Exhibit
10.1
AMENDMENT NO.
2
TO
AMENDED AND RESTATED
OFFICE LEASE AGREEMENT
THIS AMENDMENT NO. 2 TO AMENDED AND
RESTATED OFFICE LEASE AGREEMENT is made and entered into by and
among BLUME YALE LIMITED PARTNERSHIP , a Washington limited
partnership (“ Landlord ”) and ONVIA
INC. , a Delaware corporation, f/k/a Onvia.com, a Washington
corporation (“ Tenant ”).
RECITALS
A. Landlord and Tenant entered
into a certain Amended and Restated Office Lease Agreement dated
February 8, 2000, as amended by Amendment No. 1 to
Amended and Restated Office Lease Agreement dated January 31,
2001 (collectively, “ Lease
”).
B. Tenant desires to relinquish
possession of a portion of the Premises described in the Lease to
accommodate the occupancy of such space by Bill & Melinda
Gates Foundation (“ Gates ”) pursuant to
the terms of a direct lease to be entered into between Gates and
Landlord for such space (“ Gates Lease
”), and Landlord is willing to accept the same, all subject
to the terms and conditions set forth herein. The relinquished
space consists of the entirety of Floor 4 of the Building and that
portion of Floor 1 shown on Exhibit A annexed hereto that is
not part of the Premises following the Implementation Date
described in Section 10 below (collectively, “
Gates Space ”).
C. This Amendment is subject to
the approval of Landlord’s lender, and neither party shall be
bound by the terms of this Amendment until the approval of
Landlord’s lender is received in form satisfactory to
Lender.
NOW, THEREFORE, in consideration
of the foregoing, together with other good and valuable
consideration, the receipt and sufficiency of which is hereby
acknowledged, Landlord and Tenant agree as follows:
1. Definitions. Capitalized terms
used in this Amendment without definition, including the foregoing
recitals, shall have the same meanings ascribed to such terms in
the Lease.
2. Lease Summary. Sections
1.1, 4.1, 4.2 and 21.25 of the Lease Summary are deleted in
their entirety and the following substituted in lieu
thereof:
“Section 1.1
The Building
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| (a) |
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Name: |
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Mercer
Yale Building |
| (b) |
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Address: |
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1260
Mercer Street |
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Seattle,
Washington 98109 |
| (c) |
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Total
Rentable Area of Building: |
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104,500
square feet |
The Premises
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| (a) |
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Total
Rentable Area: |
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29,785
square feet |
| (b) |
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Floor
Location: |
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First
(partial), Plaza and Third |
1
Section 4.1
Basic Rent
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Month(s)
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Fixed Amount |
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01/01/07-04/30/07
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$ |
113,754.93 |
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05/01/07-12/31/07
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|
|
117,046.59 |
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01/01/08-04/30/08
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|
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114,135.21 |
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05/01/08-12/31/08
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|
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118,385.21 |
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01/01/09-04/30/09
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|
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115,473.84 |
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05/01/09-12/31/09
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|
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122,057.18 |
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01/01/10-04/30/10
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|
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119,145.80 |
Section 4.2
Operating Expenses
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(a) |
Tenant’s Proportionate Share:
30.32% |
Section 21.25
Stipulated Parking Spaces: Seventy Seven
(77) spaces.”
3. Premises Defined. The last
sentence of Section 1.1 of the Lease is deleted in its
entirety.
4. Basic Rent.
Section 4.1 of the Lease is deleted in its entirety and
the following substituted in lieu thereof:
Section 4.1
Basic Rent.
4.1.1 The term “Basic
Rent” for any month during the Term means the sum of
(a) the Fixed Amount as specified in the Lease Summary, plus
(b) the Operating Expenses Factor, and (c) the Parking
Factor. Basic Rent attributable to each month of the Lease Term is
payable on or before the 25 th day of the preceding
month. Basic Rent for any partial month shall be prorated based
upon the actual number of days in that partial month. Basic Rent
shall not be adjusted (either upward or downward) despite
subsequent measurements of the rentable area of the Premises which
identify discrepancies between the actual area and that shown in
the Lease Summary.
4.1.2 The term
“Operating Expense Factor” means, for any month, 3.773%
of Operating Expenses for the 2007 Lease Year. [45.28% ÷
12].
2
4.1.3 The term “Parking
Factor” means, for any month, the amount depicted in the last
column of the following table, which is the product obtained by
multiplying (A) the Parking Rate Differential for such month
by (B) 102. The term “Parking Rate Differential”
means the positive difference between (A) the per space
monthly amount payable by Tenant for parking spaces pursuant to
Paragraph 4 of Exhibit E , agreed to be the amount
depicted in the column labeled “Onvia Rate” in the
following table and (B) the amount depicted in the
“Gates Rate” column in following table:
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Month(s)
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Onvia
Rate |
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Gates
Rate |
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Differential |
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Parking
Factor |
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01/01/07-04/30/07
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$ |
162.50 |
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$ |
100.00 |
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$ |
62.50 |
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$ |
6,375.00 |
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05/01/07-12/31/07
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168.75 |
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100.00 |
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68.75 |
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7,012.50. |
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01/01/08-04/30/08
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168.75 |
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106.25 |
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62.50 |
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6,375.00 |
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05/01/08-12/31/08
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175.00 |
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106.25 |
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68.75 |
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7,012.50 |
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01/01/09-04/30/09
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175.00 |
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109.98 |
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65.02 |
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6,632.04 |
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05/01/09-12/31/09
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181.25 |
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109.98 |
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71.27 |
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7,269.54 |
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01/01/10-04/30/10
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181.25 |
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111.09 |
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70.16 |
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7,156.32 |
5. Name of Building.
Section 21.19 of the Lease is deleted in its
entirety.
6. Tenant Floor Plan. Exhibit
A of the Lease is deleted in its entirety and Exhibit A
annexed hereto is substituted in lieu thereof.
7. Option to Extend Term . The
last sentence of Exhibit E, Paragraph 1 of the Lease is
deleted in its entirety and the following substituted in lieu
thereof:
“Tenant shall deliver
to Landlord a written notice of Tenant’s exercise of its
option to extend hereunder not later than April, 30,
2009.”
8. Parking Rates. Pursuant to
Exhibit E, Paragraph 4 of the Lease, Landlord and Tenant
agree to the following as the monthly parking rate per space
through April 30, 2010:
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Month(s)
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Rate |
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01/01/07-04/30/07
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$ |
162.50 |
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05/01/07-12/31/07
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168.75 |
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01/01/08-04/30/08
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168.75 |
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05/01/08-12/3
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