0000950153-08-000965 Sample Contracts

SENIOR MANAGEMENT AGREEMENT
Senior Management Agreement • May 13th, 2008 • Grand Canyon Education, Inc. • Arizona

This Senior Management Agreement (“Agreement”) is entered into August 24, 2005, between Significant Education, Inc., a Delaware corporation (the “Company”), and Christopher Richardson (“Executive”). Terms used in this Agreement and not otherwise defined shall have the meanings set forth in Article 4 of this Agreement.

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AMENDMENT TO LEASE AGREEMENT
Lease Agreement • May 13th, 2008 • Grand Canyon Education, Inc.

THIS AMENDMENT TO LEASE AGREEMENT (the “Amendment”) is made and entered into effective as of September 24, 2004, by and between SPIRIT FINANCE ACQUISITIONS, LLC, a Delaware limited liability company (“Lessor”), and SIGNIFICANT EDUCATION, LLC, a Delaware limited liability company (“Lessee”).

SIXTH AMENDMENT TO LEASE AGREEMENT
Lease Agreement • May 13th, 2008 • Grand Canyon Education, Inc.

THIS SIXTH AMENDMENT TO LEASE AGREEMENT (the “Sixth Amendment”) is made January 18, 2008, nunc pro tunc September 30, 2007, by and between SPIRIT MASTER FUNDING, LLC, a Delaware limited liability company, as successor-in-interest to Spirit Finance Acquisitions, LLC, a Delaware limited liability company (“Lessor”), and SIGNIFICANT EDUCATION, INC., a Delaware corporation, as successor-in-interest to Significant Education, LLC, a Delaware limited liability company (“Lessee”)

SECOND AMENDMENT TO LEASE AGREEMENT
Lease Agreement • May 13th, 2008 • Grand Canyon Education, Inc.

THIS SECOND AMENDMENT TO LEASE AGREEMENT (the “Second Amendment”) is made and entered into effective as of August 23, 2005, by and between SPIRIT MASTER FUNDING, LLC, a Delaware limited liability company, as successor in interest to SPIRIT FINANCE ACQUISITIONS, LLC, a Delaware limited liability company (“Lessor”), and SIGNIFICANT EDUCATION, LLC, a Delaware limited liability company, which will convert to Significant Education, Inc. pursuant to the Series A Investment (defined below) (“Lessee”).

LEASE AGREEMENT
Lease Agreement • May 13th, 2008 • Grand Canyon Education, Inc.
FIFTH AMENDMENT TO LEASE AGREEMENT
Lease Agreement • May 13th, 2008 • Grand Canyon Education, Inc.

THIS FIFTH AMENDMENT TO LEASE AGREEMENT (the “Fifth Amendment”) is made August 20, 2007, nunc pro tunc December 31, 2006, by and between SPIRIT MASTER FUNDING, LLC, a Delaware limited liability company, as successor-in-interest to Spirit Finance Acquisitions, LLC, a Delaware limited liability company (“Lessor”), and SIGNIFICANT EDUCATION, INC., a Delaware corporation, as successor-in-interest to Significant Education, LLC, a Delaware limited liability company (“Lessee”).

THIRD AMENDMENT TO LEASE AGREEMENT
Lease Agreement • May 13th, 2008 • Grand Canyon Education, Inc.

THIS THIRD AMENDMENT TO LEASE AGREEMENT (the “Third Amendment”) is made and entered into effective as of June ___, 2006, by and between SPIRIT MASTER FUNDING, LLC, a Delaware limited liability company, as successor-in-interest to Spirit Finance Acquisitions, LLC, a Delaware limited liability company (“Lessor”), and SIGNIFICANT EDUCATION, INC., a Delaware corporation, as successor-in-interest to Significant Education, LLC, a Delaware limited liability company (“Lessee”).

AMENDMENT TO SENIOR MANAGEMENT AGREEMENT BETWEEN SIGNIFICANT EDUCATION, INC AND JOHN CROWLEY
Senior Management Agreement • May 13th, 2008 • Grand Canyon Education, Inc. • Arizona

This Amendment to the Senior Management Agreement (the “Agreement”) between Significant Education, Inc., D/B/A/ Grand Canyon University (“GCU”), on the one hand, and John Crowley ( the “Employee”), on the other hand dated August 2005, is made and entered into this 28th day of June 2006.

Amendment to License Agreement
License Agreement • May 13th, 2008 • Grand Canyon Education, Inc.

This Amendment to License Agreement (“Amendment”) is entered into as of this 8th day of May, 2008 (the “Effective Date”) by and between Blanchard Education, LLC, a California Limited Liability Corporation, including all of its offices, divisions, successors and assigns (“Blanchard Education”), and Grand Canyon Education, Inc., a Delaware corporation formerly known as Significant Education, Inc. (“GCEI”). Within this Amendment, Blanchard Education and GCEI may be referred to individually as a “Party” or collectively as the “Parties”.

SEVENTH AMENDMENT TO LEASE AGREEMENT
Lease Agreement • May 13th, 2008 • Grand Canyon Education, Inc.

THIS SEVENTH AMENDMENT TO LEASE AGREEMENT (the “Seventh Amendment”) is made as of March 26, 2008, by and between SPIRIT MASTER FUNDING, LLC, a Delaware limited liability company, as successor-in-interest to Spirit Finance Acquisitions, LLC, a Delaware limited liability company (“Lessor”), and SIGNIFICANT EDUCATION, INC., a Delaware corporation, as successor-in-interest to Significant Education, LLC, a Delaware limited liability company (“Lessee”).

License Agreement
License Agreement • May 13th, 2008 • Grand Canyon Education, Inc. • Arizona

This License Agreement (“Agreement”) is entered into as of this 30th day of June, 2004 (the “Effective Date”) by and between Blanchard Education, LLC, a California Limited Liability Corporation, including all of its offices, divisions, successors and assigns (“Blanchard Education”), having its principal offices at 125 State Place, Escondido, California and Significant Education, LLC, a Delaware Limited Liability Company, including all of its offices, divisions, successors and assigns (“Significant Education”) having its principal offices at 3300 West Camelback Road, Phoenix, Arizona. Within this Agreement Blanchard Education and Significant Education may be referred to individually as a “Party” or collectively as the “Parties”.

Letter of Agreement
Letter of Agreement • May 13th, 2008 • Grand Canyon Education, Inc.

This Letter of Agreement (“Agreement”) is entered into as of this 6th day of February, 2006 (the “Effective Date”) by and between The Ken Blanchard Companies (“KBC’) with offices at 125 State Place, Escondido, California 92029, and Grand Canyon University (“GCU”) with offices at 3300 West Camelback Road, Phoenix, Arizona 85017. Within this Agreement, KBC and GCU may be referred to individually as a “Party” or collectively as the “Parties”. For the purpose of this Agreement, it is understood that KBC has the right and authority to represent the interests of the legal entity known as Blanchard Education, LLC (“Blanchard Education”), and that GCU has the right and authority to represent the interests of the legal entity known as Significant Education LLC (“Significant Education”).

FOURTH AMENDMENT TO LEASE AGREEMENT
Lease Agreement • May 13th, 2008 • Grand Canyon Education, Inc.

THIS FOURTH AMENDMENT TO LEASE AGREEMENT (the “Fourth Amendment”) is made and entered into effective as of August 9, 2006, by and between SPIRIT MASTER FUNDING, LLC, a Delaware limited liability company, as successor-in-interest to Spirit Finance Acquisitions, LLC, a Delaware limited liability company (“Lessor”), and SIGNIFICANT EDUCATION, INC., a Delaware corporation, as successor-in-interest to Significant Education, LLC, a Delaware limited liability company (“Lessee”)

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