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NEGOTIATING KEY LEASE PROVISIONS A Landlord's Point of View - page 53 / 60

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FORM 21

ESTOPPEL CERTIFICATES

Tenant's Obligation. Within ten (10) days following any written request which Landlord may make from time to time, Tenant shall execute and deliver to Landlord a statement certifying: (i) the Commencement Date of this Lease; (ii) the fact that this Lease is unmodified and in full force and effect (or, if there have been modifications hereto, that this Lease is in full force and effect, and stating the date and nature of such modifications); (iii) the date to which the Rental and other sums payable under this Lease have been paid; (iv) that there are no current defaults under this Lease by either Landlord or Tenant except as specified in Tenant's statement; and (v) such other reasonable matters requested by Landlord. Landlord and Tenant intend that any statement delivered pursuant to this Section may be relied upon by any Mortgagee, purchaser or prospective purchaser of the Building or any interest herein.

Failure to Deliver. Tenant's failure to deliver such statement within such time shall be deemed a default by Tenant under this Lease and shall be conclusive upon Tenant (i) that this Lease is in full force and effect, without modification except as may be represented by Landlord, (ii) that there are no incurred defaults in Landlord's performance, and (iii) that not more than one (1) month's Rental has been paid in advance.

99999\11111\215691.V01 JDC

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