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Lease Agreement

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Title:

Lease Agreement

Entities:

Federal National Mortgage Association; Farragut Center, LLC; LECG Corp.

Date:

2003

Size:

Preview shows 64KB of 251KB total

Price:

$54

ID:

#167512

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LEASE AGREEMENT

by and between

FARRAGUT CENTER LLC
("Landlord")

and

LECG, LLC
("Tenant")

December 27, 2000

Property:

1725 Eye Street, N.W.
Washington, D.C.

TABLE OF CONTENTS

Paragraph			Page
1.	Definitions		1
2.	Demised Premises		9
3.	Term		10
	3.1	Initial Term	10
	3.2	Adjustment of Lease Commencement Date	10
	3.3	Declaration	11
	3.4	Effective Date	12
4.	Rent; Monthly Base Rent		12
5.	Cost-of-Living Adjustment [Intentionally omitted.]		12
6.	Increases in Operating Expenses, Char Service Costs and Real Estate Taxes		12
	6.1	Tenant's Share	12
	6.2	Monthly Payments	12
	6.3	Expense Statements	13
	6.4	Real Estate Tax Contests	14
	6.5	Audit Procedures	14
7.	Sales, Use or Other Taxes		15
8.	Personal Property Taxes		15
	8.1	Levied on Tenant	15
	8.2	Levied on Landlord	15
9.	Late Charge; Interest		15
10.	Deposits		16
	10.1	First Installment of Monthly Base Rent [Intentionally omitted.]	16
	10.2	Security Deposit	16
	10.3	Transfer of Landlord's Interest	16
	10.4	Landlord Remedies	17
11.	Laws and Ordinances		17
12.	Use of Demised Premises		17
13.	Repairs by Tenant		18
14.	Repairs by Landlord		18
15.	Furniture; Fixtures; Electrical Equipment		19
	15.1	Floor Loading	19
	15.2	Office Equipment	19
16.	Shell Condition; Tenant's Work; Alterations		20
	16.1	Shell Condition	20
	16.2	Alterations by Tenant	22
	16.3	Compliance with Codes; No Liens	22
	16.4	As-Built Plans	23
17.	Ownership of Alterations and Equipment and Other Property; Removal of Tenant's Personal Property		23
	17.1	Landlord's Property	23
	17.2	Removal	24
18.	Damage or Destruction		25
	18.1	Notice	25
	18.2	Restoration	25
	18.3	Termination	25
	18.4	No Liability	25
19.	Condemnation		25
	19.1	Compensation Award	25
	19.2	Termination	26
20.	Defaults; Landlord's Remedies		26
	20.1	Events of Default	26

	20.2	Landlord's Remedies	27
	20.3	Extent of Liabilities	28
	20.4	Tenant's Waiver	28
	20.5	Landlord's Lien. [Intentionally omitted.]	28
	20.6	Remedies Cumulative	28
	20.7	Tenant's Agent for Process. [Intentionally omitted.]	29
21.	Utilities and Services		29
	21.1	Landlord to Furnish	29
	21.2	Recycling	30
	21.3	Charges to Tenant	30
	21.4	Repairs; Interruptions	30
	21.5	Government or Other Requirements	31
	21.6	Access	31
	21.7	Fitness Facility	31
22.	Insurance		32
	22.1	Liability Insurance	32
	22.2	Tenant's Property Insurance and Other Insurance	32
	22.3	Policy Requirements	33
	22.4	Additional Insurance	33
	22.5	Effect of Tenant's Activities on Insurance	33
	22.6	Termination Right	33
	22.7	Tenant's Contractor's Insurance	34
	22.8	Landlord's Insurance	34
23.	Waiver of Subrogation		35
24.	Property at Tenant's Risk		35
25.	Assignment and Subletting		35
	25.1	Consent Required	35
	25.2	Landlord's Options	36
	25.3	Costs	37
	25.4	Sublease with Cushman Realty Corporation	37
26.	Signs		38
27.	Rules and Regulations		38
28.	Landlord Access		38
29.	Subordination		38
	29.1	Automatic Subordination	38
	29.2	Instruments of Subordination	39
30.	Estoppel Certificates; Financial Statements		40
	30.1	Estoppel Certificate	40
	30.2	Financial Statements	40
31.	Hold-Over		41
32.	Quiet Enjoyment		41
33.	Certain Rights Reserved by Landlord		41
34.	Landlord's Successors		42
35.	Relocation of Tenant [Intentionally omitted.]		42
36.	Modifications to Lease		42
37.	Attorneys' Fees		43
38.	Notices		43
39.	Remedies Cumulative; No Waiver		43
40.	Final Agreement		44
41.	Waiver of Jury Trial		44

42.	Force Majeure		44
43.	Gender; Assigns and Successors; Joint and Several Liability		44
44.	Severability		44
45.	Time is of the Essence [Intentionally omitted.]		45
46.	Indemnities		45
	46.1	Tenant's Indemnity	45
	46.2	Landlord's Indemnity	45
47.	Limitation on Landlord Liability		45
48.	No Partnership		45
49.	Brokerage		45
50.	Tenant's Authority		46
51.	Applicable Law		46
52.	Parking		46
53.	Hazardous Materials		46
	53.1	Definition	46
	53.2	General Prohibition	46
	53.3	Notice	47
	53.4	Landlord's Obligation	47
	53.5	Survival	47
54.	Landlord's Right to Terminate [Intentionally Omitted.]		47
55.	Option to Extend		47
56.	Conference Center		48
57.	Storage Space		49
58.	Right of First Offer		50
	58.1	Available Space	50
	58.2	Notice; Exercise	50
	58.3	Execution of Lease Amendment	51
	58.4	Miscellaneous Provisions	52
59.	Antenna License		52

iii

EXHIBIT AFloor Plan
EXHIBIT BDeclaration by Landlord and Tenant
EXHIBIT CRules and Regulations
EXHIBIT D[Intentionally omitted.]
EXHIBIT EDefinition of Shell Condition
EXHIBIT FCleaning Specifications
EXHIBIT GPlan of Storage Space

LEASE AGREEMENT

THIS LEASE AGREEMENT ("Lease") is made this 27th day of December 2000, by and between FARRAGUT CENTER LLC, a District of Columbia limited liability company, ("Landlord") and LECG, LLC, a California limited liability company ("Tenant").

W I T N E S S E T H

1. Definitions

Except as otherwise expressly provided or unless the context otherwise requires, the following terms shall have the meanings assigned to them in this Paragraph:

A. Definitions of Business Terms

1. Base Rent: The following per annum:

Lease Year	Base Rent Per Square Foot Per Annum		Annual Base Rent		Monthly Base Rent
1	$	44.00	$	2,156,044.00	$	179,670.33
2	$	44.88	$	2,199,164.88	$	183,263.74
3	$	45.78	$	2,243,265.78	$	186,938.82
4	$	46.70	$	2,288,346.70	$	190,695.56
5	$	47.63	$	2,333,917.63	$	194,493.14
6	$	49.63	$	2,431,919.63	$	202,659.97
7	$	50.62	$	2,480,430.62	$	206,702.55
8	$	51.63	$	2,529,921.63	$	210,826.80
9	$	52.66	$	2,580,392.66	$	215,032.72
10	$	53.71	$	2,631,843.71	$	219,320.31

2. Base Year: Calendar year 2001.

3. Broker: Trammell Crow Real Estate Services, Inc., as agent of Landlord, and Cushman Realty Corporation, as agent of Tenant.

4. Building: The building located at 1725 Eye Street, N.W., Washington, D.C., in which the Demised Premises are located. The term "Building" includes all portions of such building, the Demised Premises, the Common Areas and the garage.

5. Cost-of-Living Adjustment: [Intentionally omitted.]

6. Demised Premises: Approximately 49,001 rentable square feet of office space, consisting of (i) the approximately 24,516 rentable square feet comprising the entire eighth (8th) floor of the Building and known as Suite 800 and (ii) approximately 24,485 rentable square feet comprising the entire ninth (9th) floor of the Building and known as Suite 950, as measured in accordance with the Greater Washington Commercial Association of REALTORS(R) Standard Method of Measurement adopted June 13, 1995 (the "GWCAR Standard Method of Measurement"), as determined by Landlord, and modified to include a proportionate share of the conference center in the Building, as shown on the floor plan attached hereto as Exhibit A, and modified to include a proportionate share of that portion of the rentable area of the Conference Center (as hereinafter defined in Paragraph 56 hereof) in the Building which exceeds two thousand five hundred (2,500) square feet, which proportionate share shall be the same percentage as Tenant's Percentage of Increased Operating Expenses [as defined in Paragraph 1.A.15(1) hereof]. Within ninety (90) days following the Lease Commencement Date, Landlord's architect shall remeasure the Demised Premises and Building in accordance with the GWCAR Standard Method of Measurement and certify the results of said measurement to Landlord (the remeasurement as to the Demised Premises is referred to as the "Final Determination"). Landlord shall promptly provide a copy of such Final Determination to Tenant, and Tenant may elect to have Tenant's architect review and

confirm said Final Determination in accordance with the GWCAR Standard of Measurement within ten (10) days following Landlord's delivery of said Final Determination to Tenant. In the event Tenant's architect disagrees with the Final Determination, Landlord's architect and Tenant's architect shall confer and, within five (5) business days of Tenant's architect's review, will endeavor to reach agreement as to the measurement of the Demised Premises in accordance with the GWCAR Standard Method of Measurement; provided, however, that in the event that after such conference, Tenant's architect and Landlord's architect do not agree as to the measurement, Landlord's architect shall certify the Final Determination of the measurement of the Demised Premises in accordance with the GWCAR Standard of Measurement and such determination shall be final and binding on Landlord and Tenant. The remeasurement of the Building by Landlord's architect in accordance with the GWCAR Standard Method of Measurement shall be final and binding on Landlord and Tenant. Within fifteen (15) days after the Final Determination of the rentable floor area of the Demised Premises and remeasurement of the Building, Landlord shall prepare, and Landlord and Tenant shall each promptly execute, an amendment to this Lease pursuant to which the Base Rent, Tenant's Percentage of Increased Operating Expenses, Tenant's Percentage of Increased Char Service Costs, Tenant's Percentage of Increased Real Estate Taxes and any other affected provisions of this Lease are recalculated to reflect such increase or decrease in the rentable floor area of the Demised Premises or Building, or both, which amendment shall be effective as of the Lease Commencement Date, even if executed after the Lease Commencement Date. However, the area and plan of the Demised Premises may change in the event of the exercise of any option to expand or contract the Demised Premises set forth in this Lease, and the Demised Premises will be remeasured following any such expansion or contraction in accordance with the GWCAR Standard Method of Measurement.

7. Guarantor: None.

8. Land: That parcel of land known as Lot 61 in Square 126 in Washington, D.C., including all easements, rights and appurtenances thereto.

9. Landlord's Address:

c/o Cafritz Company
Vice PresidentCommercial Management
1825 K Street, N.W.
Washington, D.C. 20006

10. Lease Commencement Date: May 1, 2001, or as may be adjusted pursuant to Paragraph 3.

11. Parking Spaces: Thirty (30).

12. Rent Commencement Date: The same date as the Lease Commencement Date, subject to abatement of a portion of the Base Rent as hereinafter provided in Paragraph 4(b) hereof.

13. Security Deposit: Seven Hundred Eighteen Thousand Six Hundred Eighty-One and 32/100 Dollars ($718,681.32).

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