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(j) Leases. Other than the Lease, Owner has not executed and is not aware of any other leases, tenancies, subleases, or occupancy agreements affecting the Real Property or any part of the Real Property. Owner is the current landlord under the Lease. Owner is not in default under the Lease and to Owner's knowledge no default on the part of Tenant exists (and no event has occurred that with the passage of time or the giving of notice, or both, would be a default) under the Lease. Owner has not assigned or otherwise transferred any interest in the Lease to any other party and Owner has not consented to any sublease or assignment of the Lease by the Tenant. As of the Agreement Date and as of the Closing, there shall be no outstanding leasing costs, including without limitation commissions, free rent, tenant improvement costs or allowances, or other tenant inducements or concessions owing by the landlord under the Lease. (k) Rights of Third Parties. Owner has not alienated, encumbered, transferred, leased, assigned or otherwise conveyed its interest in the Property or any portion thereof except as set forth in the Title Report, and shall not enter into any such agreement that will not be removed prior to the Closing. There are no claims pending or threatened by any third party against Owner or any Owner Party relating to the Property. (1) Binding Agreement. This Agreement constitutes the legal, valid and binding obligation of Owner and is enforceable in accordance with its terms against Owner subject only to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles affecting or limiting the rights of contracting parties generally. (m) Support of Project. As a material inducement to Optionee's execution of and performance under this Agreement, for so long as this Agreement remains in effect and is not terminated prior to the Closing, Owner shall not challenge, oppose or impede, either directly or indirectly, the Project, and shall use commercially reasonable efforts to cause the Owner's Parties not to challenge, oppose or impede the Project. (n) Other. Neither this Agreement, nor any of the exhibits or schedules hereto, nor any document, certificate or statement referred to herein or furnished to Optionee in connection with the transaction contemplated herein (whether delivered prior to, simultaneously with, or subsequent to the execution of this Agreement) contains any untrue statement of material fact or, omits to state a material fact in any way concerning the Property or otherwise affecting or concerning the transaction contemplated hereby. 13. Optionee's Representations and Warranties. Optionee hereby makes the representations and warranties set forth in this Paragraph 13 for the benefit of Owner and its successors and assigns. Optionee shall notify Owner in writing immediately if Optionee becomes aware that any representation or warranty has become untrue or misleading in light of information obtained by Optionee after the Agreement Date. Optionee shall indemnify, protect, defend and hold harmless Owner from and against all Claims arising from or relating to any misrepresentation made by Optionee in this Agreement or in any document, certificate or exhibit given or delivered in connection herewith. Option Agreement 50 Chemical 10.5.2010 v. 8 18