2.10 For clarification, Assignee acknowledges that any rights stipulated in the Lease to be personal to the Tenant named in the lease have not been assigned to and do not devolve to the Assignee and Assignee shall not have any such rights under the Lease.
For clarification and greater certainty, (i) Sections 1.0 (Allowance and Improvements, 2.0 (Pre-Occupancy) and 3.0 (Rental Credit) no longer apply being of no further effect; and (ii) Sections 4.0 (Right to Expand), 5.0 (Right of First Refusal), 6.0 (Right to Extend), 7.0 (Right of First Offer on the Building) and 8.0 (Right of First Refusal on the Building) of Schedule F of the Lease, will not be assigned to the Assignee and shall be deleted and of no further effect as of the Assignment Date.
2.11 Assignor and Assignee shall be solidarily liable for any brokerage fees and commissions in connection with the present Assignment and hereby agree to indemnify and hold Landlord harmless from and against any and all liabilities and claims for any brokerage fees or commissions in connection with the present Assignment.
2.12 As of the Assignment Date, a copy of all notices,· written demands and written requests under the Lease from the Landlord shall be sent to:·
(a) the Assignee: at the Leased Premises, with copy to [ADDRESS], Attention: Lloyd Segal; and
(b) the Assignor at [ADDRESS], Attention: __________________________.
2.13 The Assignor and the Assignee shall concurrently with their execution of this Agreement, pay to Landlord an amount of One Thousand Dollars ($1,000) plus applicable taxes, as Landlords legal and administration fees in connection with this assignment.
2.14 (A) Pursuant to the provisions of the Lease and more particularly (i) Section 2.05 of the Original Lease and (ii) the Agreement Regarding Letter of Credit and Other Security dated May 15, 2014 attached to the Original Lease as Schedule G (the Existing LC Agreement), the Assignor has provided the Landlord a security deposit in the amount of One Hundred Thirty-Five Thousand Dollars ($135,000) by way of an irrevocable standby letter of credit (the Existing Letter of Credit).
(B) Concurrently with the execution of this Agreement, the Assignee shall execute and deliver to Landlord the Landlords standard form of Agreement Regarding Letter of Credit and Other Security attached hereto as Schedule B (the Replacement LC Agreement). No later than sixty (60) days following the execution of this Agreement, the Assignee shall furnish to Landlord a security deposit in the amount of One Hundred Thirty-Five Thousand Dollars ($135,000) by way of an irrevocable standby letter of credit issued by a Schedule I Canadian chartered bank (the Replacement Letter of Credit), the