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EMERGING TECHNOLOGY ADVISORY GROUP

SUBLEASE SERVICES & STRATEGY OVERVIEW OF CUSHMAN & WAKEFIELD

PREPARED FOR

SAMPLE MARKETING COLLATERAL

SUITE 101 8,487SF

1515ArapahoeSt. |Tower 1,Suite100 Denver,Colorado 80202 T: 303.824.2000 |F: 303.824.2001

PanelTypes -Compose

info@pearwork.com | www.pearwork.com

PanelType 'D'

Side 'A'

Side 'B'

PanelType 'A'

Side 'A'

Side 'B'

ZUFS-1927-LNFJS

,33-0CT VZTI-40XX-FNN

OFFICE

,33-0CT VZTI-32XX-FNN

,33-0CT VZTI-40XX-FNN

122

49.5" [1,257.3mm]

49.1" [1,246.9mm]

41.5" [1,054.1mm]

41.1" [1,043.7mm]

T T

PanelType 'F'

TRANS

Side 'A'

Side 'B'

LG.CONF

PanelType 'H'

Side 'A'

Side 'B'

BREAKROOM 108

123

,33-0CT VZTI-48XX-FNC

,33-0CT VZTI-40XX-FNN

OPENOFFICE

120

49.5" [1,257.3mm]

49.1" [1,246.9mm]

ZZBT-1900

41.5" [1,054.1mm]

41.1" [1,043.7mm]

PanelType 'J'

Side 'A'

Side 'B'

PanelType 'I'

Side 'A'

Side 'B'

109 ABOUTTHE BUILDING BIKES

,33-0CT VZTI-40XX-FNN

,33-0CT VZTI-32XX-FNN

,33-0CT VZTI-48XX-FNC

,33-0CT VZTI-40XX-FNN

121 OFFICE

49.5" [1,257.3mm]

49.1" [1,246.9mm]

41.5" [1,054.1mm]

41.1" [1,043.7mm]

ADDRESS 258055thStreet Boulder,CO80301 SIZE Suite 101:8,487SF 55TH STREET RAREBOULDERSUBLEASE 2580 Boulder,CO80301

ZZBT-1900

THE LOCATION 116 104 OFFICE 117 OFFICE 118 T T T T T T T T T T T ZUFS-1927-LNFJS ZZBT-1900 ZBT-1900

ZUFS-1927-LNFJS

OUTDOOR INDUSTRIES 2580 55THSTREET BOULDER,CO

AccountTeam

-KEVINMCCARTHY/REBECCAHUMMEL

ProposalNumber Area/Location -FLOORFURNISHINGS -101661

PlanType -FURNITURE

Scale Date -1.10.17

-NOTTOSCALE

THISDOCUMENT,ANDTHE IDEASANDDESIGNS INCORPORATED HEREIN,ASAN INSTRUMENTOF PROFESSIONALSERVICE,CANNOTBEUSED, IN WHOLEOR INPART,FORTHISORANYOTHER PROJECT,WITHOUTTHEWRITTENCONSENTOF PEARWORKPLACESOLUTIONS.

FOCUS

CONF 111

XX DateBy

Issue XXXX XXXX XXXX XXXX XXXX XXXX XXXX

XXXX XXXX XXXX XXXX XXXX XXXX

FOCUS

XX XX XX XX XX XX

XXXX

F1 Sheet

43,374SF is availableon adirectbasis for a totalpotentialof51,861SF contiguous

TERM September30, 2024

PARKING 3.00 : 1,000SF

FURNITURE Negotiable

FlatironsGolf Course

RATE Negotiable

55TH STREET

55thSt. CLICKHERE for virtual tour

2580

PearlPkwy. w

STEVEBILLIGMEIER ExecutiveManagingDirector +13038136413 steve.billigmeier@cushwake.com

ROBBAIN Director +13038136452 rob.bain@cushwake.com

©2020Cushman&Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This informationhasbeenobtained from sourcesbe- lieved tobe reliablebuthasnotbeen verified. NOWARRANTYORREPRESENTATION,EXPRESSOR IMPLIED, ISMADEASTOTHECONDITIONOFTHEPROPERTY (ORPROP- ERTIES)REFERENCEDHEREINORASTOTHEACCURACYORCOMPLETENESSOFTHE INFORMATIONCONTAINEDHEREIN,ANDSAME ISSUBMITTEDSUBJECTTOERRORS, OMISSIONS,CHANGEOFPRICE,RENTALOROTHERCONDITIONS,WITHDRAWALWITHOUTNOTICE,ANDTOANYSPECIALLISTINGCONDITIONS IMPOSEDBYTHEPROPERTY OWNER(S). ANYPROJECTIONS,OPINIONSORESTIMATESARESUBJECTTOUNCERTAINTYANDDONOTSIGNIFYCURRENTORFUTUREPROPERTYPERFORMANCE.

GREENWOODPLAZABLVD. 6 0

AGGRESSIVESHORT-TERM SUBLEASE,GREAT LONG-TERMSOLUTION

GREENWOOD PLAZA BLVD. 6 0

PROPERTYFEATURES

Address:6550GreenwoodPlazaBlvd. Englewood,CO80111

PROPERTYHIGHLIGHTS

TotalSize:66,226SF

• A9-minutewalk from the ArapahoeLightRailStation • Unobstructedviewsof the FrontRange • State-of-the-artDirectDigital Control (DDC)HVAC system • Adjacent toFiddler’sGreen Amphitheatre

Rate:Negotiable

Term: January31,2022

Furniture:Available

BuildingClass:A

YearBuilt:2000

Parking:3.54/1,000SF

STATE-OF-THE-ART CONFERENCEROOMS WITHSWEEPING MOUNTAINVIEWS

HIGHLYVISIBLE MONUMENTSIGNAGE

MULTIPLEOUTDOOR AREASTORELAXAND RECHARGE

INVITINGLOBBY FLOODEDWITH NATURALLIGHT

BREAKROOMWITHA POOLTABLE,COFFEE BAR,ANDTVs

2 | EMERGING TECHNOLOGY ADVISORY GROUP

TECHNOLOGY TOOLKIT

Innovative Tools to Differentiate Your Sublease

In today’s competitive environment we can leverage some of the most cutting edge technology solutions to make a sublease opportunity stand out amongst the crowd. A select sampling of such tools is profiled below.

DRONE BASE

MATTERPORT

An industry leader in Virtual 3D tours, Matterport allows interested parties to tour a space remotely. Using high definition videography and an intuitive navigation, prospects can immerse themselves within a suite and get a hyper-realistic experience not as easily captured in still photography. View Example 

A network of tens of thousands of professional drone pilots, we can provide aerial imagery for signature projects that may benefit from a broader storyline around community attributes and amenities.

SALTMINE

REALTY ADS

A complimentary offering to Cushman & Wakefield clients, through Saltmine we can develop rapid 3D interactive test fits. We can proactively model traditional or modern use cases so potential prospects can more quickly envision how their team can most efficiently use or reconfigure the space.

Leveraging AI and tailored to the CRE sector, RealtyAds can dynamically place a Sublease Advertisement in front of targeted prospects on a myriad of online platforms, including: Facebook, Google Search, Instagram, Twitter and LinkedIn.

CUSHMAN & WAKEFIELD | 3

SUBLEASE MARKETING PLATFORMS

Platforms for Advertising Short-Term and Traditional Subleases

BROKERAGE NETWORK

LIQUIDSPACE

Leveraging our extensive local, regional and national relationships we promote our listings through formal and informal networking channels.

Provides an intuitive platform for tenants seeking short term or shared subleases. Popular aggregator for flex provider availability as well.

COSTAR

PIVOTDESK

Arguably the most extensive listing database in the US, CoStar tracks history and availabilities on over 5M commercial real estate properties.

Focused on shared office spaces where tenants can explore ‘space by the desk’, similar to LiquidSpace acting as flex provider aggregator.

LOOPNET

REALTYADS

Owned by CoStar, LoopNet provides additional exposure to a wide public audience, tracking over 12M visits per month

AI Powered Advertising Platform which dynamically places listing on Facebook, LinkedIn, Instagram and Google Search results.

CRAIGSLIST

CITYFEET

Tried and True Craigslist is still a listing source for small businesses and startups, albeit the search features and data management is constrained.

Owned by Costar, Cityfeet offers a more intuitive search interface but has less coverage outside core markets.

4 | EMERGING TECHNOLOGY ADVISORY GROUP

TARGETED TENANT PROSPECTING

A key element to a Sublease Marketing Campaign is identifying thoughtful targets and ensuring the opportunity is promptly and clearly brought to their attention. We can accomplish this by developing a comprehensive list of Target Subtenant Prospects and sharing the Sublease opportunity with those teams through tailored campaigns.

IDENTIFY SUBTENANT TARGETS • Active tenants in the market in target size range • Existing tenants in subject building/project • Tenants in nearby buildings with near term critical dates

1 2 3 4

ORGANIZE LIST OF KEY DECISION MAKERS • Identify Key Decision Maker(s) and/or Brokerage Partners at Target Companies • Understand Position of Company in Market and Key Pain Points

PERFORM OUTREACH • Conduct campaign through personalized emails, phone calls and e-blasts • Canvas regional brokerage community through direct contact, social media and open houses

TRACK MARKET ENGAGEMENT • Monitor activity from market and issue weekly updates • Perform proactive follow-up with interested parties

CUSHMAN & WAKEFIELD | 5

SUBLEASING PROJECT TIMELINE

While the timeline may evolve depending on market demand, these are key milestones to manage against and develop strategies for.

WEEK 1-3

Transition

• Confirm team goals & objectives • Establish timing & financial expectations • Review master lease and legal obligations • Evaluate vendor contracts, if any • Execute listing agreement

WEEK 2-3

Analysis

• Review/prepare floor & furniture plans • Identify space deficiencies for correction • Reduce unnecessary operating expenses • Analyze market economics and competition Identify tenants in market and prospect candidates

WEEK 3-4

Marketing

• Finalize subleasing strategy • Estimate market value and pricing strategy • Develop marketing program & tactics • Initiate communications programs • Advertise opportunity through applicable platforms • Directly canvass key prospects & network (ongoing) • Report on tenant inquiries and progress (ongoing)

MARKET DEPENDENT

Execution

• Qualify prospects and identify potential risks • Negotiate offer economic and operational terms • Finalize negotiations, terms and conditions • Coordinate landlord consent process and execute • Turn over space

PROJECT CLOSE

Close Out & Follow Up

• Finalize sublease abstracts & key dates • Summarize critical information & obligations • Coordinate necessary vendors, if appropriate

6 | EMERGING TECHNOLOGY ADVISORY GROUP

DAY ONE STRATEGY

ENGAGE THE MARKET We will engage the following groups to ensure the space is front and center in the market: • Major tenants in nearby buildings • Active tenants in the market seeking over 50K SF • Brokerage community

DEVELOP MARKETING MATERIALS The marketing program should begin immediately as larger subtenants typically begin their search 1-2 years prior to LXD: • Advertising campaign • Sublease fact pack • Email blasts • Broker events • Direct outreach

DISCUSSION WITH OWNERSHIP • Continue discussions with landlord, including potential for termination or blend and extend expectations for full campus strategy • Identify interest in cafeteria/ fitness center photography for cross marketing • Inform ownership of marketing plan and listing • Confirm direct rent

CUSHMAN & WAKEFIELD | 7

EXISTING OBLIGATION: 20.5K SF Lease at 4840 Pearl East Circle - 6th Amend 5.22.19 EXISTING OBLIGATION: 20.5K SF Lease t 4840 Pearl E st Circle - 6th Amend 5.22.19

V3.0_8.31.20

20.5K SF at 4840 Pearl East Circle Leased through Dec'19 20.5K SF at 4840 Pearl E st Circle Leased through Dec'19

Analysis Period

Analysis Period Sublet Rentable Sublet Commen Sublet Rentable Squ Sublet Commencem Analysis Period

Sep'20-Dec'26 (76 mos) 20,539 sf

Rentable Square Feet

Lease Commencement Date / Early De ivery

Lease Commencement Date / Early Delivery

8/1/2019 89.0 mos

N/A

Lease Term

Sublet Term

7.4 yrs

Lease Expiration Date

Sublet Expiratio Sublet Expiration Da

12/31/ 026

12/31/2026

Rent

Sublet Rent

Base Rent - NNN

$1.92 sf/mo

$1.92 sf/mos

$23.00 sf/yr

Sublet Rent - Sublet Ren - NNN

Free R nt

Free Rent

5.0 mos

Free R nt

Free Rent

Mos 1-5 Free - Gross

Annual Escalation Effectiv Rent Operating Expense

Annual Escalation Effective Rent Operating Expense OpEx / Prop Tax: '21 est.

2.5%

Annual Escal Effective Sub Sublet Reimbur OpEx / Prop T NET: Cash Cos EXISTING OB NOM Pre Tax % Reduction Annual Escalation Effectiv Sublet Re Sublet Reimbursem OpEx / Prop Tax: ' NET: Cash Cost EXISTING OBLIG NOM Pre Tax $'s % Reduction from NPV Pre Tax $'s % Reduction from Sublease Commiss Provided Tenant Im Total Out- f-Pock NPV Pre Tax % Reduction Sublease Com Provided Ten Total Out-Of- NET Cash Op % Reduction NET Cash Operat % Reduction from NET Avg nnual % Reduction from

$2.11 sf/mo

$2.11 sf/mos

$25.27 sf/yr

OpEx / Prop Tax: '21 est.

$0.96 sf/mo

$0.96 sf/mos

$11.57 sf/yr

NNN: Based on a provided 2018 estimate.

Cash Cost

total

$4,949,6 7

$4,949,697

NOM Pre Tax $'s

$3,964,642

NPV Pre Tax $'s

Day 1 Cash Cost (Ne of TI)

Day 1 Cash Cost (Net of TI)

N/A

Cash Operating Cost - 2021

$734,110

Avg Annual Operating Cost 1 NET Avg Ann % Reduction [1] Avg Annual Operating Cost is average of Rent and OpEx/Tx over the life of the lease. No Capital or 1-Time expense included. $781,531 Avg nnual Operating Cost 1 [1] Avg Annual Operating Cost is average of R nt and OpEx/Tx over the life of th leas . No Capital or 1-Time exp nse included. $781,531

8 | EMERGING TECHNOLOGY ADVISORY GROUP

ECONOMIC ASSUMPTIONS

SUBLET - BEST CASE: Sublease 20.5K SF at 4840 Pearl East Circle 20.5K SF Sublet at at 4840 Pearl East Circle Sep'21 (12 mos marketing) Sep'20-Dec'26 (76 mos) 20,539 sf

SUBLET - WORST CASE: Sublease 20.5K SF at 4840 Pearl East Circle 20.5K SF Sublet at at 4840 Pearl East Circle Sep'22 (24 mos marketing) Sep'20-Dec'26 (76 mos)

d e Square Feet ncement Date

20,539 sf

9/1/2021 64.0 mos

7/1/21 5.3 yrs

9/1/2022 52.0 mos

7/1/21 4.3 yrs

on Date

12/31/2026

- NNN

$1.67 sf/mos

$20.00 sf/yr

$1.25 sf/mos

$15.00 sf/yr

4.0 mos

8.0 mos

lation blet Rent

2.5%

$1.66 sf/mos

$19.88 sf/yr

$1.11 sf/mos

$13.34 sf/yr

rsement: OpEx / Prop Tax Tax: '21 est.

$0.96 sf/mos

$11.57 sf/yr

$0.96 sf/mos

$11.57 sf/yr

st BLIGATION LESS SUBLET PROCEEDS x $'s from Existing x $'s from Existing mmission

total

$1,450,896 63.4% $1,618,908 67.3%

$3,033,139 38.7% $2,607,677 34.2%

$164,312 $102,695 $267,007

$133,504 $308,085 $441,589

Total: $1.50 SF/YR

nant Improvement Allowance f-Pocket at Commencement

$5.00 / SF

$15.00 / SF

$213,458 $91,697 87.5%

$208,451 71.6% $409,192

perating Cost - 2024 from Existing nual Operating Cost 1 from Existing

72.7%

47.6%

CUSHMAN & WAKEFIELD | 9

STEVE BILLIGMEIER Executive Managing Director +1 303 813 6413 steve.billigmeier@cushwake.com

ALEX SMITH Vice Chair +1 312 470 3841 alex.smith@cushwake.com

ROB BAIN Director +1 303 813 6452 rob.bain@cushwake.com

cushmanwakefield.com

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