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California-Santa Monica-2120 Colorado Avenue Lease [Amendment No. 2] - Spieker Properties LP and Broadband Sports Inc.

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  • Commercial Lease. Start a state-specific lease for the rental of commercial property. Specify the term and rent due, as well as whether the landlord or tenant is responsible for property taxes, insurance, and maintenance and repairs.
  • Commercial Sublease. When a tenant vacates commercial property before the lease term has expired, it may be able to rent the premises to a third party. The tenant would be the sublessor and the third party would be the sublessee. Besides preparing a sublease, both parties will want to review the provisions for assignment or subletting in the original lease agreement between the landlord and the sublessor.
  • Sublease Agreement. Tenants of residential property should prepare a sublease agreement if they are seeking to sublease a room or the entire apartment or house to a third party. All parties should review the original lease agreement to see if there are any restrictions on subletting or assigning the premises.
  • Triple Net Lease. Triple net leases are a type of commercial leases where the tenant has to pay for property taxes, insurance, utilities, and maintenance, in addition to the monthly rent.
  • Office Space Lease. When renting an office space, tenants should understand the amount of the rent and duration of the lease. Other important terms include whether the space can be subleased, which parties are responsible for maintenance, and whether any furniture and furnishings will be provided.

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                           SECOND AMENDMENT TO LEASE

THIS SECOND AMENDMENT TO LEASE (this "Second Amendment") is made this 29th day
of December 1999 between Spieker Properties, L.P., a California limited
partnership, ("Landlord"), and Broadband Sports, Inc., a Delaware corporation

     WHEREAS, Landlord and Tenant entered into a Lease dated July 30, 1999, as
amended by that certain First Amendment to Lease (the "First Amendment") dated
as of October 1, 1999 (collectively, the "Lease"), for those certain premises
located at 2120 Colorado Avenue, 2nd Floor, Santa Monica, California (the
"Premises"), as more fully described in the Lease. Capitalized terms used but
not otherwise defined herein shall have the meanings given them in the Lease;

     WHEREAS, Landlord and Tenant desire to modify the Lease as provided herein.

     NOW, THEREFORE, in consideration of the covenants and agreements contained
herein, the parties hereby mutually agree as follows:

1.  Term Commencement Date. Notwithstanding anything to the contrary contained
    in the Lease, the Term Commencement Date (as defined in Paragraph 2.A of
    the Lease) with respect to the initial Premises (excluding the Expansion
    Premises defined in the First Amendment) shall be November 15, 1999.
    Tenant's obligation to pay Rent in accordance with the terms of the Lease
    with respect to the initial Premises shall commence on November 15, 1999.
    There shall be no extension of the Term Commencement Date as a result of
    Force Majeure Delays or events as described in Paragraph 35 of the Lease or
    Paragraph 7.1 of Exhibit C to the Lease, of for any other purpose
    whatsoever. The Expansion Premises Commencement Date with respect to the
    Expansion Space shall not be modified by this Second Amendment and shall
    continue to be as defined in Paragraph 2 of the First Amendment.

2.  Term Expiration Date. The expiration date for the Term with respect to each
    of the initial Premises under the Lease and the Expansion Premises under the
    First Amendment shall be extended to November 14, 2006.

3.  Security Deposit. At the end of the sixth (6th) sentence of Paragraph 19.A
    of the Lease, after the words "three (3) occasions during the Term," insert
    the following: "and provided that the Security Deposit held by Landlord is a
    cash deposit (with the nature of the Security Deposit being cash not
    affecting the reduction of the LOC Amount (as herein defined) when an LOC
    (as defined herein) is provided by Tenant pursuant to Paragraph 39.D), and
    further provided that the Security Deposit held hereunder has not been
    reduced at any time pursuant to Paragraph 19.B below, then".

Except as expressly modified above, all terms and conditions of the Lease as
modified remain in full force and effect and are hereby ratified and confirmed.

     IN WITNESS WHEREOF, the parties hereto have entered into this Second
Amendment as of the date first written above.

LANDLORD:                              TENANT:
Spieker Properties, L.P.,              Broadband Sports, Inc.,
a California limited partnership       a Delaware corporation

By:  Spieker Properties, Inc.,         By:  Andrea N. Kirsch
     a Maryland corporation                _________________________________
     its General Partner                 Its:  Vice President, Legal Affairs

By:  ___________________________       By:  ________________________________
         Thomas A. Herta

Its: ___________________________         Its: ______________________________
         Vice President