LEASE AGREEMENT
SECURITY PACIFIC PLAZA
THIS LEASE made this 7TH day of JUNE ,1994
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between RAINIER PLAZA LIMITED PARTNERSHIP, a Washington limited partnership
("Landlord"), and DATA DIMENSIONS, INC., a Delaware corporation ("Tenant").
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As parties hereto, Landlord and Tenant agree:
1. LEASE DATA AND EXHIBITS: The following terms as used herein shall have
the meanings provided in this Section 1, unless otherwise specifically
modified by provisions of this Lease:
(a) BUILDING: Known as Security Pacific Plaza, Bellevue, Washington, or
such other name as Landlord may designate from time to time, situated on a
portion of the real property more particularly described in Section 2 hereof,
with an adress of 000 - 000xx Xxxxxx X.X., Xxxxxxxx, Xxxxxxxxxx 00000.
(b) PREMISES: Consisting of the floor area on the twentieth (20th)
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floor(s) of the Building, as outlined on the floor plan(s) attached hereto as
Exhibit A, including tenant improvements, if any, as described in Exhibit B.
(c) RENTABLE AREA OF PREMISES: 2,371 net rentable square feet.
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(d) TENANT'S PERCENTAGE OF THE BUILDING: .59 %, calculated by dividing
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the net rentable area of the Premises by the net rentable area of the
Building ( 404,154 net rentable square feet). In the event the net
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rentable area of the Premises or the net rentable area of the Building is
altered, Landlord may adjust "Tenant's Percentage of the Building" to
properly reflect such event.
(e) BASIC PLANS DELIVERY DATE: N/A .
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FINAL PLANS DELIVERY DATE: N/A .
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(f) COMMENCEMENT DATE: March 1, 1996 or such earlier or later date
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as provided in Section 3 hereof.
(g) EXPIRATION DATE: June 30, 1997 .
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(h) RENT: The amount(s) specified in Paragraph 1 of Exhibit C hereto
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in accordance with Section 5 hereof.
(i) SECURITY DEPOSIT: $ N/A .
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(j) PARKING: Tenant shall have the right to lease parking spaces in or
near the Building in accordance with the terms of Paragraph 2 of Exhibit C
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hereto.
(k) NOTICE ADDRESSES:
Landlord: Rainier Plaza Limited Partnership
000 000xx Xxxxxx Xxxxxxxxx
Xxxxx 0000
Xxxxxxxx, Xxxxxxxxxx 00000-0000
Tenant: Data Dimensions, Inc.
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000 000xx Xxxxxx X.X., Xxxxx 0000
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Xxxxxxxx, Xx 00000
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EXHIBIT C
Addendum to Lease between
RAINIER PLAZA LIMITED PARTNERSHIP (LANDLORD)
and
DATA DIMENSIONS, INC. (TENANT)
ADDITIONAL LEASE TERMS
1. RENT.
The base rental rate for the Premises shall be Twenty-One Dollars ($21.00)
per net rentable square foot per annum. Rent shall commence on the
Commencement Date specified in Section 1(f) of the Lease hereto.
The total annual base rent (base rental rate per net rentable square foot
per year multiplied by net rentable area of the Premises) shall be paid in
12 equal monthly payments and shall be payable in accordance with Section 5
of this Lease. Rent shall be adjusted from time to time pursuant to the
terms of Sections 8 and 9 of this Lease.
2. PARKING.
Tenant shall have the right to lease up to five (5) unassigned parking
spaces in the Building garage during the initial Lease term at the
market rate, which rate is subject to change from time to time as
determined by Landlord. Initally, the rate shall be Eighty Dollars
($80.00) per month per space plus applicable sales tax.
In accordance with the City of Bellevue's policy to minimize the use of
single occupant vehicles and to generally reduce parking requirements in
the Central Business District, Tenant will participate in Landlord's
transportation management program.
Parking is leased subject to the rules of Landlord, garage operator and
the City of Bellevue.
3. BROKERAGE COMMISSION.
Landlord shall pay Xxxxxx Xxxxxxx & Xxxxxx, Inc. a broker's fee equal
to 5% of the lease revenue during the sixteen-month term of the
Lease, but not to exceed $4.00 per rentable square foot. Such
Commission shall be paid on the Commencement Date of the Lease.
4. CONTINGENCY.
Full execution and ratification of this Lease is contingent upon full
ratification and execution of a lease termination agreement dated on
or before February 29, 1996 between Rainier Plaza Limited Partnership
and IDS Finanacial Services, Inc.
