Common use of BASIC LEASE TERMS Clause in Contracts

BASIC LEASE TERMS. a. DATE OF LEASE: June 29, 2009 b. TENANT: THE UNIVERSITY OF PHOENIX, INC., an Arizona corporation, Address of the Premises: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ referred to as "Office A" and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ referred to as "Office B," each as shown on Exhibit "A," and with the improvements constructed thereon, each, a "Building" and collectively, the "Buildings." Tenant is leasing the Premises for administrative offices, classrooms and related purposes serving Tenant's employees, guests and students. Address (For Notices): The University of Phoenix, Inc.,c/o Apollo Development Corp.,4025 S. Riverpoint ParkwayMS:CF-K604Phoenix, Arizona, 85040Attention: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ WITH COPY TO:Apollo Group, Inc.c/o Apollo Legal Services4025 S. Riverpoint ParkwayMS:CF-K612Phoenix, Arizona 85040Attention: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, Esq.,Corporate Counsel or to such other place as Tenant may from time to time designate by notice to Landlord pursuant to the notice provisions herein. c. LANDLORD: US REAL ESTATE LIMITED PARTNERSHIP, a Texas limited partnership. Address for notices and payment of rent: US Real Estate Limited Partnership, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇., ▇▇▇. ▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇, Attn: Portfolio Management, or to such other place as Landlord may from time to time designate by notice to Tenant. In the event of a Landlord's Default notice shall also be sent to: US Real Estate Limited Partnership9830 Colonnade Blvd., Ste. 600San Antonio, TX 78230-2239Attention: Portfolio Management WITH COPY TO:PHA/FOUNTAINHEAD, L.L.C.c/o Metro Commercial Properties1500 ▇. ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇ d. TENANT'S USE OF PREMISES: Tenant will use the Premises for administrative offices, educational and related purposes serving Tenant's employees, guests and students. Tenant shall also have the exclusive right to operate an educational facility within the Project, and Landlord shall take commercially reasonable actions necessary to preserve and protect said exclusive right.

BASIC LEASE TERMS. a. DATE OF LEASE: June 29, 2009 b. TENANT: THE UNIVERSITY OF PHOENIX, INC., an Arizona corporation, Address Each reference in this Lease to any of the Premisesfollowing subjects shall be construed to incorporate the data stated for that subject in this Section 1.1: ▇LANDLORD: Broadway Business Center LLC, a Massachusetts limited liability company LANDLORD’S NOTICE ADDRESS: c/o Great Point Investors LLC ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ referred to as "Office A" and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ referred to as "Office B," each as shown on Exhibit "A," and with the improvements constructed thereon, each, a "Building" and collectively, the "Buildings." Tenant is leasing the Premises for administrative offices, classrooms and related purposes serving Tenant's employees, guests and students. Address (For Notices): The University of Phoenix, Inc.,c/o Apollo Development Corp.,4025 S. Riverpoint ParkwayMS:CF-K604Phoenix, Arizona, 85040AttentionAttn: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ WITH COPY TO:Apollo Group, Inc.c/o Apollo Legal Services4025 S. Riverpoint ParkwayMS:CF-K612Phoenix, Arizona 85040Attentionwith a copy to: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, Esq.,Corporate Counsel or to such other place as Tenant may from time to time designate by notice to Landlord pursuant to the notice provisions herein. c. LANDLORD: US REAL ESTATE LIMITED PARTNERSHIP, a Texas limited partnership. Address for notices and payment of rent: US Real Estate Limited Partnership, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇.Capital Advisors, ▇▇▇. ▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇Inc. ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇, Attn: Portfolio Management, or to such other place as Landlord may from time to time designate by notice to Tenant. In the event of a Landlord's Default notice shall also be sent to: US Real Estate Limited Partnership9830 Colonnade Blvd., Ste. 600San Antonio, TX 78230-2239Attention: Portfolio Management WITH COPY TO:PHA/FOUNTAINHEAD, L.L.C.c/o Metro Commercial Properties1500 ▇. ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ Attn: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Rent payments to: c/o ▇▇▇▇▇▇▇▇ ▇▇▇▇ Company ▇.▇. ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇. ▇▇ ▇▇▇▇▇-▇▇▇▇ TENANT: Leslie’s Poolmart, Inc., a Delaware corporation TENANT’S NOTICE ADDRESS: Prior to the Commencement Date: CONFIDENTIAL ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Chatsworth, CA 91311 Attn: Legal And a copy to: Foothill Capital Corp. ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ After the Commencement Date: At the Premises And a copy to: Foothill Capital Corp. ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ PREMISES: Approximately 37,579 rentable square feet on the first floor of the building commonly known as ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇ d. TENANT'S USE ▇▇ (the “Building”), which Premises are shown on the plan attached to this Lease as Exhibit A, together with the right, in common with others, to use all easements, rights and privileges appurtenant to the Premises and the property known as ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, which is more fully described in Exhibit A-1 (the “Property”), which Property is known as Broadway Business Center RENTABLE FLOOR AREA OF PREMISES: Tenant will use Approximately 37,579 rentable square feet COMMENCEMENT DATE: Substantial completion of Landlord’s Work (as provided for in Section 3.1) SCHEDULED COMMENCEMENT DATE: December 14, 2000 with respect to that portion of the Premises for administrative officesspace shown on Exhibit A as the “Second Generation Space” and January 3, educational 2000 with respect to that portion of the space shown on Exhibit A as the “Shell Space” BUILDING RENTABLE AREA: 75,140 rentable square feet TENANT’S PRO RATA SHARE: 50% with respect to items relating solely to the Building and related purposes serving Tenant's employees, guests 27% with respect to all other items EXPIRATION DATE: The last day of the 75th full calendar month after the Commencement Date TERM: Approximately six years and students. Tenant shall also have three months commencing on the exclusive right to operate an educational facility within Commencement Date and expiring on the ProjectExpiration Date OPTION: One five year extension option LEASE YEAR: The period of twelve full calendar months beginning with the first full calendar month of the Term, and Landlord shall take commercially reasonable actions necessary to preserve each subsequent period of twelve full calendar months during the Term BASE RENT: Months 1-3 $0.00 Months 4-27 $27,056.88/month Months 28-39 $27,868.59/month Months 40-51 $28,706.60/month Months 52-63 $29,567.16/month Months 64-75 $30,454.02/month OPTION BASE RENT: For each Lease Year: 103% of the Base Rent for the previous Lease Year SECURITY DEPOSIT: None PERMITTED USES: General office purposes TENANT IMPROVEMENT ALLOWANCE: $697,416.00 PARKING SPACES: 225 unreserved spaces; 10 covered reserved spaces BROKERS: ▇▇▇▇▇▇▇▇ ▇▇▇▇ Company and protect said exclusive right.▇▇▇▇▇ & ▇▇▇▇▇

BASIC LEASE TERMS. a. DATE OF LEASE: June 29, 2009 b. TENANT: THE UNIVERSITY OF PHOENIX, INC., an Arizona corporation, . Address of the Premises: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ referred to as "Office A" and ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ referred to as "Office B," each as shown on Exhibit "A," and with the improvements constructed thereon, each, a "Building" and collectively, the "Buildings." Tenant is leasing the Premises for administrative offices, classrooms and related purposes serving Tenant's employees, guests and students. Address (For Notices): The University of Phoenix, Inc.,c, c/o Apollo Development Corp.,4025 S. Riverpoint ParkwayMS, ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇:CF▇▇-K604Phoenix▇▇▇▇ ▇▇▇▇▇▇▇, Arizona▇▇▇▇▇▇▇, 85040Attention▇▇▇▇▇ Attention: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ WITH COPY TO:: Apollo Group, Inc.cInc. c/o Apollo Legal Services4025 S. Riverpoint ParkwayMSServices ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇:CF▇▇-K612Phoenix▇▇▇▇ ▇▇▇▇▇▇▇, Arizona 85040Attention▇▇▇▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, Esq.,Corporate , Corporate Counsel or to such other place as Tenant may from time to time designate by notice to Landlord pursuant to the notice provisions herein. c. LANDLORD: US REAL ESTATE LIMITED PARTNERSHIPPARTNERSIDP, a Texas limited partnership. Address for notices and payment of rent: US Real Estate Limited Partnership, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇., ▇▇▇. ▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇, Attn: Portfolio Management, or to such other place as Landlord may from time to time designate by notice to Tenant. In the event of a Landlord's Default notice shall also be sent to: US Real Estate Limited Partnership9830 Colonnade Blvd., Ste. 600San Antonio, TX 78230-2239Attention: Portfolio Management WITH COPY TO:PHA/FOUNTAINHEAD, L.L.C.c/o Metro Commercial Properties1500 ▇. ▇▇▇▇▇▇ ▇▇▇▇▇, ▇Partnership ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇., ▇▇▇. ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ Attention: Portfolio Management WITH COPY TO: PHA/FOUNTAINHEAD, L.L.C. c/o Metro Commercial Properties ▇▇▇▇ ▇. ▇▇▇▇▇▇ Drive, Suite ID02 Tempe,Arizona,85281 d. TENANT'S USE OF PREMISES: Tenant will use the Premises for administrative offices, educational and related purposes serving Tenant's employees, guests and students. Tenant shall also have the exclusive right to operate an educational facility within the Project, and Landlord shall take commercially reasonable actions necessary to preserve and protect said exclusive right.