LEASE OF PREMISES
Owner hereby leases to Tenant and Tenant hereby rents from Owner those certain premises (the "Premises") shown on Exhibit A, subject to the terms and provisions of this Lease, including the General Provisions hereafter set forth and all of the exhibits and appendices identified and attached to this Lease. The Premises are located in the building described in Section 1 of the "Basic Lease Provisions" below. As used in this Lease, reference to the "Building" shall mean the whole of the building structure, parking areas, landscaping and other improvements, together with the underlying land. The numbered sections of the Basic Lease Provisions below are referred to in the General Provisions by capitalizing such terms where they appear in the General Provisions.
BASIC LEASE PROVISIONS
1. Building Name: Quail Court Building Address: 1450 Eagle Flight Way Boise, Idaho
2. Building Rentable Area: 46,174 sq. ft.
3. Net Rentable Area of Premises: 25,628 sq. ft.
4. Useable Area of Premises: 22,452 sq. ft. (Net Rentable Area adjusted by BOMA standards)
5. Premises Percentage: 55.5% (actual) 58.4% (adjusted, based on 95% occupancy)
6. Annual Base Rent:
YEAR |
ANNUAL BASE RENT |
1-3 |
392,108.40, calculated at $15.30 per rentable square foot. |
4-5 |
$399,796.80, calculated at $15.60 per rentable square foot. |
7. Initial Term: Five (5) Years
8. Rent Commencement Date: Upon earlier of Tenant's occupancy of the Premises for the conduct of business or April 15, 2000.
9. Security Deposit: N/A
10. Allowed Use: Tenant may use the Premises for sales of desktop computers, laptop computers, computer notebooks and servers, providing Internet access, hosting Internet web sites ("Tenant's Primary Uses"), as well as providing an infrastructure or mechanism that allows individuals or businesses to offer their goods and/or services and to transact business over the Internet and the technological and business evolutions which derive therefrom and related office uses and for such other purposes as approved by Owner.
11. Tenant's Address for Delivery of Notices:
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