LogRhythm Sublease Strategy and Services_short version

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

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

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

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

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

Rentable Square Feet

Rentable Square Feet

Lease Commencement Date / Early De ivery

Lease Commencement Date / Early Delivery

8/1/2019 89.0 mos

8/1/2019 89.0 mos

N/A

N/A

Lease Term

Lease Term

Sublet Term

Sublet Term

7.4 yrs

7.4 yrs

Lease Expiration Date

Lease Expiration Date

Sublet Expiratio Sublet Expiration Da

12/31/ 026

12/31/2026

Rent

Rent

Sublet Rent

Sublet Rent

Base Rent - NNN

Base Rent - NNN

$1.92 sf/mo

$1.92 sf/mos

$23.00 sf/yr

$23.00 sf/yr

Sublet Rent - Sublet Ren - NNN

Free R nt

Free Rent

5.0 mos

5.0 mos

Free R nt

Free Rent

Mos 1-5 Free - Gross

Mos 1-5 Free - Gross

Annual Escalation Effectiv Rent Operating Expense

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

2.5%

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

$25.27 sf/yr

OpEx / Prop Tax: '21 est.

$0.96 sf/mo

$0.96 sf/mos

$11.57 sf/yr

$11.57 sf/yr

NNN: Based on a provided 2018 estimate.

NNN: Based on a provided 2018 estimate.

Cash Cost

Cash Cost

total

total

$4,949,6 7

$4,949,697

NOM Pre Tax $'s

NOM Pre Tax $'s

$3,964,642

$3,964,642

NPV Pre Tax $'s

NPV Pre Tax $'s

Day 1 Cash Cost (Ne of TI)

Day 1 Cash Cost (Net of TI)

N/A

N/A

Cash Operating Cost - 2021

Cash Operating Cost - 2021

$734,110

$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