7.02Commencing on the Expansion Premises Commencement Date through the Extended Expiration Date, Tenant shall pay to Landlord an “Expansion Premises Electric Charge” for the Expansion Premises of $33,185.40 per annum ($2.84 per RSF), payable in twelve (12) equal monthly payments of $2,765.45.
8.Improvements to Expansion Premises. Prior to the Expansion Premises Commencement Date, Landlord shall complete the Landlord’s Expansion Premises Work in the Expansion Premises using building standard and other materials as shown on and in accordance with the Work Letter and Plans attached hereto as Exhibits C, C-1 and C-2, which Tenant hereby approves. Subject to Landlord's obligation to perform the Landlord’s Expansion Premises Work, the Expansion Premises is accepted by Tenant in "as is" condition and configuration without any representations or warranties by Landlord, except as otherwise provided herein. By taking possession of the Expansion Premises, subject to the other terms and conditions of this Amendment, Tenant agrees that the Expansion Premises are in good order and satisfactory condition and that Landlord has fully and satisfactorily performed and completed all work required to be performed by Landlord prior to Tenant’s occupancy, except for any Punchlist Items as provided in Exhibit C attached hereto.
9.Architectural Services Allowance. Provided Tenant is not in Default, Landlord shall provide Tenant with an allowance in the aggregate amount of $51,414.00 (Fifty-One Thousand Four Hundred Fourteen and 00/100 Dollars) (the “Architectural Services Allowance”) to reimburse Tenant for actual expenses incurred by Tenant as follows: (i) up to
$0.15 per RSF of the Expansion Premises ($1,752.75) for Tenant’s architect to create a test-fit of the Expansion Premises, (ii) up to $2.50 per RSF of the Expansion Premises ($29,212.50) for Tenant’s architect to create construction documents, and (iii) up to $1.75 per RSF of the Expansion Premises ($20,448.75) for Tenant’s MEP engineer selected from Landlord’s approved list of MEP Engineers (a “Landlord Approved MEP Engineer”) to create mechanical, electrical and plumbing drawings. The Architectural Services Allowance shall be paid to Tenant in periodic disbursements within thirty (30) days following Landlord’s receipt of Tenant’s written request for disbursement, together with copies of invoices or other supporting data evidencing such costs and expenses as Landlord may reasonably require. In no event shall Landlord be required to disburse the Architectural Services Allowance more than one time per month.
10.Condition of Existing Premises. Tenant is in possession of the Existing Premises and confirms its acceptance of the same "as is" without any agreements, representations, understandings or obligations on the part of Landlord to perform any alterations, preparatory repairs or improvements thereto. Notwithstanding the foregoing, on or before July 31, 2020, Landlord, at Landlord’s expense, shall install mutually agreed-upon sound reduction/sound attenuation material to the offices and conference room ceilings in the Existing Premises (collectively, the “Sound Reduction Work”). The Sound Reduction Work may be performed during Business Service Hours until July 1, 2020, and thereafter any Sound Reduction Work shall be performed outside of Building Service Hours. Landlord and Tenant agree to cooperate with each other in order to enable the Sound Reduction Work to be performed in a timely manner and with as little inconvenience to the operation of Tenant’s business as is reasonably possible. Notwithstanding anything herein to the contrary, any delay in the completion of the Sound Reduction Work or inconvenience suffered by Tenant during the performance of the Sound Reduction Work shall not subject Landlord to any liability for any loss or damage resulting therefrom or entitle Tenant to any credit, abatement or adjustment of Rent or other sums payable under the Lease, as amended hereby.
11.Renewal Option. Section 2 of Exhibit F to the Lease is hereby amended to provide that the Renewal Option shall apply to the Entire Premises.
12.Right of First Offer. Section 3 of Exhibit F to the Lease is hereby amended to also include any portion of the 11th floor of the Building in the definition of “First Offer Space”. Landlord hereby represents that there are no superior rights or other options to the First Offer Space (other than current tenant(s) in occupancy) that exist on the date of this Amendment.
13.Parking. As of the Expansion Premises Commencement Date, Section 1.14 of the Lease is hereby deleted in its entirety and the following substituted therefor: “One hundred seven (107) unreserved parking spaces in the Building’s Garage, based on the ratio of three (3) unreserved parking spaces per 1,000 rentable square feet of the Entire Premises, at no additional charge to Tenant. Tenant may, at its sole option, lease reserved parking spaces in the Building Garage at the rate of $150.00 per month per reserved parking space. Any such reserved spaces shall be in a location mutually agreed upon by Landlord and Tenant.”
14.Notice Addresses. Section 1.10 of the Lease is hereby deleted in its entirety and replaced with the following:
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