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Standard Sublease

 

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Title:

Standard Sublease

Entities:

American Industrial Real Estate Association; CarrAmerica Realty Corp.; ValueClick, Inc.

Date:

2001

Size:

Preview shows 5KB of 29KB total

Price:

$40

ID:

#280519

 

 

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                   AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION


STANDARD SUBLEASE

(Long-form to be used with pre-1996 AIR leases)

1. Parties. This Sublease, dated, for reference purposes only,
June 1, 2000, is made by and between Coyote Network Systems, Inc., a Delaware
Corporation ("Sublessor") and ValueClick, Inc., a Delaware corporation
("Sublessee").

2. Premises. Sublessor hereby subleases to Sublessee and
Sublessee hereby subleases from Sublessor for the term, at the rental, and upon
all of the conditions et forth herein, that certain real property, including all
improvements therein, and commonly known by the street address of 4360 Park
Terrace Drive, Suite 100, Westlake Village located in the County of Los Angeles,
State of California and generally described as (describe briefly the nature of
the property) Suite 100 at 4360 Park Terrace Drive in Westlake Village, as
described in the site plan attached as Exhibit 2 and incorporated herein by this
reference, for the entire first floor consisting of approximately 23,000
rentable square feet ("Premises").

3. Term

3.1 Term. The term of this Sublease shall be for Thirty (30)
months commencing on June 15, 2000 and ending on December 14, 2002 unless sooner
terminated pursuant to any provision hereof.

3.2 Delay in Commencement. Sublessor agrees to use its best
commercially reasonable efforts to deliver possession of the Premises as set
forth in Section 14 of the Sublease Agreement. If, despite said efforts,
Sublessor is unable to deliver possession as agreed, Sublessor shall not be
subject to any liability therefor, nor shall such failure affect the validity of
this Sublease. Sublessee shall not, however, be obligated to pay Rent or perform
its other obligations until it receives possession of the Premises. If
possession is not delivered within 15 days of the commencement date, Sublessee
may, at its option, by notice in writing within ten days after the end of such
15 day period, cancel this Sublease, in which event the Parties shall be
discharged from all obligations hereunder. If such written notice is not
received by Sublessor within said ten day period, Sublessee's right to cancel
shall terminate. Except as otherwise provided, if possession is not tendered to
Sublessee when required and Sublessee does not terminate this Sublease, as
aforesaid, any period of rent abatement that Sublessee would otherwise have
enjoyed shall run from the date of delivery of possession and continue for a
period equal to what Sublessee would otherwise have enjoyed under the terms
hereof, but minus any days of delay caused by the acts or omissions of
Sublessee. If possession is not delivered within 60 days after the commencement
date, this Sublease shall automatically terminate unless the parties agree, in
writing, to the contrary. Notwithstanding anything to the contrary in the
Sublease, the rent shall not commence until five days following the date
Sublessor delivers possession of the Premises to Sublessee.

4. Rent

{PAGE}

4.1 Base Rent. Sublessee shall pay to Sublessor as Base Rent
for the premises equal monthly payments of $44,850.00 in advance, on the 1st day
of each month of the term hereof. Sublessee shall pay Sublessor upon the
execution hereof $44,850.00 as Base Rent for June 2000. Base rent for any period
during the term here of which is for less than one month shall be a pro rata
portion of the monthly installment.

4.2 Rent Defined. All monetary obligations of Sublessee to
Sublessor under the terms of this Sublease (except for the Security Deposit) are
deemed to be rent ("Rent"). Rent shall be payable in lawful money of the United
States to Sublessor at the address stated herein or to such other persons or at
such other places as Sublessor may designate in writing.

5. Security Deposit. Sublessee shall deposit with Sublessor
upon execution hereof $89,700.00 as security for Sublessee's faithful
performance of Sublessee's obligations hereunder. If Sublessee fails to pay Rent
or other charges due hereunder, or otherwise defaults with respect to any
provision of this Sublease, Sublessor may use, apply or retain all or any
portion of said deposit for the payment of any rent beyond the applicable notice
and cure period, Rent or other charge in default or for the payment of any other
sum to which Sublessor may become obligated by reason of Sublessee's default, or

 

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