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Agmt10 Chemical Way Properties
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Agmt10 Chemical Way Properties
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Last modified
10/13/2010 3:42:55 PM
Creation date
10/13/2010 3:41:34 PM
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Agreement
Contractor Name
Chemical Way Properties
PROJECT NAME
Real Estate Option Agreement 20 Chemical Way APN 052-392-240
RMP File Number
304
Date
10/1/2010
MO Ref
10-194
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occupancy of the Building(s) by any other tenants nor interfere with the operation of any <br /> mechanical apparatus or electrical or plumbing system in the Building(s). Notwithstanding the <br /> foregoing, Tenant shall have the right to make non - structural alterations and utility installations <br /> the cost of which does not exceed $50,000 during the Term of this Lease so long as such <br /> alterations and utility installations are installed in accordance with Applicable Laws and Tenant <br /> obtains all permits required for such alterations or utility installations (collectively, "Permitted <br /> Alterations ") <br /> 7.2 Plans and Permits. Any alteration (other than Permitted Alterations) <br /> that Tenant desires to make in or about the Premises and which requires the consent of Landlord <br /> shall be presented to Landlord in written form, with proposed detailed plans and specifications <br /> therefor prepared at Tenant's sole expense. Any consent by Landlord thereto shall be deemed <br /> conditioned upon Tenant's subsequent acquisition of all permits required to make such alteration <br /> from all appropriate governmental agencies, the furnishing of copies thereof to Landlord to the <br /> extent required prior to commencement of the work, and the compliance by Tenant with all <br /> conditions of said permits in a prompt and expeditious manner, all at Tenant's sole expense. <br /> Upon completion of any such alteration, Tenant, at Tenant's sole cost, shall immediately deliver <br /> to Landlord "as- built" plans and specifications therefor. <br /> 7.3 Construction Work Done by Tenant. All construction work required <br /> or permitted to be done by Tenant shall be performed by a licensed contractor in a prompt, <br /> diligent, and good and workmanlike manner and shall conform in quality and design with the <br /> Premises existing as of the Commencement Date, and shall not diminish the value of the <br /> Building(s) or the Property. In addition, all such construction work shall be performed in <br /> compliance with all applicable statutes, ordinances, regulations, codes and orders of <br /> governmental authorities and insurers of the Premises. Tenant or its agents shall secure all <br /> licenses and permits necessary therefor. <br /> 7.4 Title to Alterations. Tenant may but shall not be required to remove <br /> any alterations at the termination of the Lease Notwithstanding the provisions of this Section 7.4, <br /> Tenant's furnishings, machinery and equipment, including that which is affixed to the Premises <br /> may but shall not be required to be removed by Tenant and any damage caused by such removal <br /> shall not be charged to Tenant. Tenant shall be solely responsible for the maintenance and repair <br /> of any and all alterations, additions or improvements made by Tenant to the Premises. <br /> 8. Mechanics' Liens. Tenant shall keep the Premises and the Property <br /> free from any liens attributable to Tenant. If any such claim of lien is recorded, Tenant shall <br /> bond against or discharge the same within ten (10) days after the same has been recorded against <br /> the Premises or the Property. Tenant shall give Landlord notice of the date of commencement of <br /> any work in the Premises not less than ten (10) days prior thereto, and Landlord shall have the <br /> right to post notices of non - responsibility or similar notices in or on the Premises in connection <br /> therewith. <br /> 9. Utilities and Services. Tenant shall pay all charges for water, gas, <br /> electricity, telephone, refuse pickup, janitorial services, and all other utilities and services <br /> Redwood City Lease 10.07. 2010 v.4 (20 Chemical) 9 <br />
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