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NEGOTIATING KEY LEASE PROVISIONS A Landlord's Point of View - page 19 / 60

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Landlord and submitted to the City by ___________________; (iii) commencement of construction of the additional improvements to Expansion Space #2 shall occur on or about

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ; ( i v ) c o m p l e t i o n o f t h e a d d i t i o n a l i m p r o v e m e n t s s h a l l o c c u r o n o r a b o u t _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ .

  • (2)

    Tenant shall commence paying Rent for Expansion Space #2 upon the earlier of

    • (i)

      the date upon which .the Tenant takes possession of Expansion Space #2, or (ii) the date upon

which any additional tenant improvements constructed in Expansion Space #2 by Landlord have been substantially completed (as the term "substantially completed" is defined in Schedule ) (the "Improved Expansion Space #2 Completion Date").

(e)

If Tenant timely exercises Expansion Option #2. Landlord and Tenant shall enter into an

amendment to this Lease (the "Amendment") within thirty (30) days thereafter which shall provide that Expansion Space #2 shall be governed by all of the terms and conditions of this Lease, with the following exceptions:

(1)

If Expansion Space #2 shall have already been initially improved by the

construction of tenant improvements, Tenant shall take the Premises subject to such existing tenant improvements; provided, however, the Premises shall be in a reasonable state of repair,

normal wear and tear excepted. Notwithstanding the foregoing, Landlord shall provide to Tenant

_ _ _ _ _ _ _ _ _ a tenant improvement allowance of ) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ D o l l a r s ( $ _ _ _ _ _ _ _ _ _ _ per square foot of the Usable Area of Expansion Space #2 for the construction of alterations a n d / o r m o d i f i c a t i o n s t o e x i s t i n g t e n a n t i m p r o v e m e n t s i n E x p a n s i o n S p a c e # 2 , a n d ) per square foot contained within the _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ D o l l a r s ( $ _ _ _ _ _ _ _ _ _ _ _ core corridor on the _______________ (____) floor for alterations and/or modifications thereto. Such alterations and/or modifications shall be made by Landlord in compliance with the provisions of Exhibit _____ of this Lease, modified in the Amendment as reasonably appropriate

to apply to the provisions of this Section

____

with respect to Expansion Space #2.

(2)

In the event Expansion Space #2 has not yet been initially improved by the

construction of tenant improvements, Landlord shall provide to Tenant a tenant improvement

allowance of

__________________________

Dollars ($

__________ )per square foot of the

_ _ _ _ _ _ _ _ _ Usable Area of Expansion Space #2, and )per _ _ _ _ _ _ _ _ _ _ _ _ _ D o l l a r s ( $ _ _ _ _ _ _ _ _ _ square foot contained within the core corridor on the ________________ (_____) floor for alterations and/or modifications thereto; which allowance, and the improvement of Expansion Space #2 shall be governed by the provisions of Exhibit ____ of this Lease, modified as reasonably appropriate to apply to the provisions of this Section ____ with respect to Expansion Space #2. Exhibit _____, as revised, shall be attached to and made a part of the Amendment.

(3)

The rentable square footage of the Premises shall be increased to include the

rentable square footage of Expansion Space #2 as of the Improved Expansion Space #2 Completion Date, if Expansion Space #2 has been initially improved by the construction of

tenant improvements or, as of the date of the Unimproved Expansion Space #2 Completion Date,

99999\11111\215691.V01 JDC

19

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