OPTION TO PREPAY RENT








DESIGN GUIDELINES








UNSUBORDINATED LEASE


INFRASTRUCTURE



At any time during the initial five-year period, Lessee will
have the option of prepaying all of the annual rent due for
the initial term and thereby extinguishing its obligation to
pay annual rent by paying Lessor the sum of $200,000
(approximately 1 acre times $200,000/acre). Lessor shall
be entitled to retain any monthly lease payments made to
the date of prepayment.

To ensure a quality project and compatibility with the
University's long-term development concepts for the
Coldstream Research Campus, the lease requires Lessee to
comply with Architectural and Landscape Guidelines and
be granted final approval by the Coldstream design review
committee for its proposed infrastructure, building design
and landscaping.

The University's interest in the property or the Lease will
not be subordinated.

The University of Kentucky will provide utilities to the site
line; the lessee is responsible for road and parking
infrastructure.



Action taken:   E Approved



LI Disapproved      F1 Other