EXHIBIT 10.16
FORM #13
▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇
▇▇▇▇▇▇▇ ▇, ▇.▇.
LEASE DATED 6/21, 2006
ARTICLE I: REFERENCE DATA
1.1 Subjects Referred To
Each reference in this Lease to any of the following subjects shall be construed
to incorporate the data stated for that subject in this Article:
LANDLORD: Roosevelt Land, LP
▇▇▇▇▇▇▇▇'S ORIGINAL ADDRESS: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇
▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
LANDLORD'S REPRESENTATIVE: _____________________________________________
TENANT: World Energy Solutions, Inc.
TENANT'S NOTICE ADDRESS: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
TENANT'S REPRESENTATIVE: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
COMMENCEMENT DATE: July 1, 2006
BUILDING: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇
▇▇▇▇▇▇▇▇▇▇, ▇.▇.
TENANT'S SPACE: Approximately 200 square feet of rentable
space on the ________ floor of the Building,
as shown on the floor plan attached as
Exhibit A hereto
RENTABLE AREA OF TENANT'S SPACE: 200 rentable square feet approximately
TERM: 60 calendar months (plus the partial month,
if any, immediately following the
Commencement Date)
Annual
Monthly
ANNUAL FIXED RENT: Period Rate Amount Amount
------------------ ------ ---- ------------ ------
$4,000/month
TENANT'S OPERATING EXPENSE AND The Operating Expenses allocable to the
TAX BASE: Premises, on a square footage basis, during
calendar year 2006 and the Taxes allocable to
the Premises, on a square footage basis,
during fiscal year 2006
SECURITY DEPOSIT: $_____________
ELECTRICITY: Paid by Tenant pursuant to Section 2.5
RENTABLE FLOOR AREA OF THE _________ Rentable Square Feet
BUILDING:
PERMITTED USES: General office purposes only
COMMERCIAL GENERAL LIABILITY Personal Injury and Property Damage Limits -
INSURANCE: $2,000,000 each
CONTRACTOR'S LIABILITY $2,000,000
INSURANCE:
1.2 Exhibits. There are incorporated as a part of this Lease:
EXHIBIT A - Floor Plan of the Premises
EXHIBIT B - Landlord's Services
EXHIBIT C - Rules and Regulations
1.3 Table of Articles and Sections
ARTICLE I: REFERENCE DATA.................................................. 1
1.1 Subjects Referred To............................................... 1
1.2 Exhibits. There are incorporated as a part of this Lease:.......... 2
1.3 Table of Articles and Sections..................................... 2
ARTICLE II: PREMISES, TERM AND RENT........................................ 4
2.1 The Premises....................................................... 4
2.2 Rights to Use Common Facilities.................................... 5
2.3 Landlord's Reservations............................................ 5
2.4 Habendum; Extension Option......................................... 5
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2.5 Monthly Fixed Rent Payments; Electricity........................... 5
2.6 Adjustments for Operating Expenses and Taxes....................... 5
2.7 Due Date of Additional Payments; Change in Accounting Period....... 8
ARTICLE III: DELIVERY AND CONSTRUCTION..................................... 10
3.1 As-Is.............................................................. 10
3.2 Alterations and Additions.......................................... 10
3.3 General Provisions Applicable to Construction...................... 11
ARTICLE IV: LANDLORD'S COVENANTS; INTERRUPTIONS AND DELAYS................. 12
4.1 Services Furnished by Landlord..................................... 12
4.2 Additional Services Available to Tenant............................ 12
4.3 Roof, Exterior Wall, Floor Slab, and Common Facility Repair........ 12
4.4 Access............................................................. 12
4.5 Heat and Air Conditioning.......................................... 12
4.6 Quiet Enjoyment.................................................... 12
4.7 Interruptions and Delays in Service and Repairs, etc............... 13
ARTICLE V: TENANT'S COVENANTS.............................................. 14
5.1 Payments........................................................... 14
5.2 Repair and Yield Up................................................ 14
5.3 Use................................................................ 14
5.4 Obstructions, Items Visible from Exterior; Rules and Regulations... 15
5.5 Safety Appliances.................................................. 15
5.6 Assignment; Sublease............................................... 15
5.7 Indemnity; Insurance............................................... 17
5.8 Personal Property at Tenant's Risk................................. 17
5.9 Right of Entry..................................................... 17
5.10 Floor Load; Prevention of Vibration and Noise...................... 18
5.11 Personal Property Taxes............................................ 18
5.12 Signs.............................................................. 18
5.13 Compliance with Insurance Regulations.............................. 18
ARTICLE VI: CASUALTY AND TAKING............................................ 19
6.1 Termination or Restoration; Rent Adjustment; Demolition............ 19
6.2 Eminent Domain..................................................... 19
6.3 Temporary Taking................................................... 20
ARTICLE VII: DEFAULT....................................................... 21
7.1 Events of Default.................................................. 21
7.2 Damages............................................................ 21
ARTICLE VIII: MISCELLANEOUS................................................ 23
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8.1 Computation of Rental Floor Areas.................................. 23
8.2 Notice of Lease; Consent and Approval; Notices; ▇▇▇▇ and Inure..... 23
8.3 Landlord's Failure to Enforce...................................... 23
8.4 Acceptance of Partial Payments of Rent; Delivery of Keys........... 24
8.5 Cumulative Remedies................................................ 24
8.6 Partial Invalidity................................................. 24
8.7 Self-Help.......................................................... 24
8.8 Tenant's Estoppel Certificate...................................... 24
8.9 Waiver of Subrogation.............................................. 25
8.10 All Agreements Contained........................................... 25
8.11 Brokerage.......................................................... 25
8.12 Submission Not an Option........................................... 25
8.13 Applicable Law..................................................... 25
8.14 Waiver of Jury Trial............................................... 25
8.15 Holdover........................................................... 26
8.16 Force Majeure...................................................... 26
8.17 Building Rehabilitation and Repair................................. 26
8.18 Compliance with Laws and Insurance Policies........................ 27
8.19 Building Directory................................................. 27
ARTICLE IX: RIGHTS OF PARTIES HOLDING PRIOR INTERESTS...................... 28
9.1 Lease Subordinate.................................................. 28
9.3 Rights of Holder of Mortgage....................................... 29
9.4 Assignment of Rents................................................ 29
9.5 Implementation of Article IX....................................... 29
ARTICLE X: HAZARDOUS MATERIALS............................................. 30
10.1 Tenant's Obligations............................................... 30
10.2 Survival........................................................... 31
ARTICLE XI: SECURITY DEPOSIT............................................... 32
ARTICLE II: PREMISES, TERM AND RENT
2.1 The Premises
Landlord hereby leases to Tenant and Tenant hereby hires from Landlord Tenant's
Space in the Building (as hereinafter defined), excluding exterior faces of
exterior walls, the common stairways and stairwells, elevators and elevator
shafts, fan rooms, electric and telephone closets, janitor closets, freight
elevator vestibules, and pipes, ducts, conduits, wires and appurtenant fixtures
serving exclusively or in common other parts of the Building, but including all
tenant special installations, stairs, special flues, dumbwaiter shafts and
special air conditioning facilities, specially installed or leased telephone or
electric switchboard, and if Tenant's Space includes less than the entire
rentable area of any floor, excluding the common corridors, elevator
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lobbies and any toilets located on such floor. Tenant's Space with such
exclusions is hereinafter referred to as the "Premises." "Property" means the
Building and the land on which the Building is located (the "Lot").
2.2 Rights to Use Common Facilities
Tenant shall have, as appurtenant to the Premises, rights to use in common,
subject to reasonable rules of general applicability to tenants of the Building
from time to time made by Landlord of which Tenant is given notice, the common
lobbies, board rooms, corridors, stairways, elevators and loading platform of
the Building, and the pipes, ducts, conduits, wires and appurtenant meters and
equipment serving the Premises in common with others.
2.3 Landlord's Reservations
Landlord reserves the right from time to time, without unreasonable interference
with ▇▇▇▇▇▇'s use: (a) to install, use, maintain, repair, replace and relocate
for service to the Premises and other parts of the Building, or either, pipes,
ducts, conduits, wires and appurtenant fixtures, wherever located in the
Premises or Building, and (b) to alter or relocate any other common facility,
provided that substitutions are substantially equivalent or better.
Installations, replacements and relocations referred to in clause (a) above
shall be located so far as practicable in the central core area of the Building,
above ceiling surfaces, below floor surfaces or within perimeter walls of the
Premises.
2.4 Habendum; Extension Option
Tenant shall have and hold the Premises for a period commencing on the
Commencement Date and continuing for the Term unless sooner terminated as
provided in Section 6.1 or Article VII.
2.5 Monthly Fixed Rent Payments; Electricity
Tenant shall pay, without notice, demand, offset or deduction, monthly
installments of 1/12 of the Annual Fixed Rent in advance on the Commencement
Date and thereafter, on the first day of each month during the Term. Annual
Fixed Rent for any partial month shall be paid by Tenant at such rate on a pro
rata basis, and if the Term commences on a day other than the first day of a
calendar month, the first payment which Tenant shall make shall be a payment
equal to a proportionate part of such Annual Fixed Rent for the partial month
from the Commencement Date to the first day of the succeeding calendar month,
and 1/12 of the Annual Fixed Rent for such succeeding calendar month.
Tenant shall provide a separate meter which shall measure electric consumption
in the Premises, including, but not limited to, normal lights and plugs. Tenant
shall pay as additional rent all amounts billed by the applicable utility
company when due directly to the utility company. If, for any reason, such
utility charges are not separately metered at any time during the Term, Tenant
shall pay as additional rent all reasonably allocated charges attributable to
the furnishing of electricity to the Premises. Tenant shall be responsible, at
its sole cost and expense, for the distribution of heated and/or chilled air
provided to the Premises by Landlord.
2.6 Adjustments for Operating Expenses and Taxes
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A. Terms used herein are defined as follows:
(a) "Fiscal Year" shall mean any twelve (12) month period elected by
Landlord for operating purposes. Landlord's current Fiscal Year
commences on January 1 of each year. If Landlord should elect to
change said Fiscal Year, Landlord shall notify Tenant thereof, and all
calculations required to be made at the end of a Fiscal Year shall be
made and prorated accordingly.
(b) "Operating Expenses for the Property" means the cost of operation of
the Property which shall exclude costs of special services rendered to
tenants (including Tenant) for which a separate charge is made, but
shall include, without limitation, the following: premiums for
insurance carried with respect to the Property (including insurance
against loss of rent in case of fire or casualty, and such insurance
as may be required by the holder of such first mortgage); compensation
and all fringe benefits, worker's compensation insurance premiums and
payroll taxes paid to, for or with respect to all persons engaged in
the operating, repairing, maintaining, or cleaning of the Building or
Lot; steam, water, tempered water, sewer, electric, gas, oil and
telephone charges (excluding utility charges separately chargeable to
tenants pursuant to Section 2.5 or for additional or special
services); costs of building and cleaning supplies and equipment
(including rental); costs of maintenance, cleaning, decorating and
repairs; costs of elevator repairs and services; costs of rubbish
removal; costs of snow removal and care of landscaping; depreciation
for capital expenditures made by Landlord to reduce operating
expenses, or which are required by law after the Commencement Date,
together with interest on the unamortized cost at the average prime
rate in effect from time to time at the two largest national banks in
Washington, D.C. plus two (2%) percent; payments under service
contracts with independent contractors or subsidiaries or affiliates
of Landlord; management fees at reasonable rates consistent with the
type of occupancy and the service rendered; and all other reasonable
and necessary expenses paid in connection with the operation, repair,
cleaning and maintenance of the Building and Lot. Any of the services
may be performed by subsidiaries or affiliates of Landlord, provided
that the contracts for the performance of such services shall be
competitive with similar contracts and transaction with unaffiliated
entities for the performance of such services in comparable buildings
in the Washington, D.C. area.
(c) In any Fiscal Year when the Building has an average annual occupancy
rate of less than 95% then, for the purpose of this Section 2.6, the
Operating Expenses for the Property will be extrapolated as though the
Building were 95% occupied; and the "Operating Expenses Allocable to
the Premises" shall mean the same proportion of the Operating Expenses
for the Property as the Rentable Floor Area of Tenant's Space bears to
95% of the Rentable Floor Area of the Building.
In any Fiscal Year when the Building has an average annual occupancy rate of 95%
or more, then the "Operating Expenses for the Property" shall be the actual
Operating Expenses for the Property as defined in clause (b); and the "Operating
Expenses Allocable to the Premises" shall mean the same proportion of the
Operating Expenses for the Property as the Rentable Floor Area
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of Tenant's Space bears to the Rentable Floor Area of the Building actually
leased on an average annual basis for said Fiscal Year.
In the case of any services which are not rendered to all areas on a comparable
basis, the proportion allocable to Tenant's Space shall be in the same
proportion which the floor area of Tenant's Space to which the service is
rendered bears to the total floor area to which such service is rendered.
(d) "Landlord's Tax Expenses" with respect to any Fiscal Year means the
aggregate Real Estate Taxes on the Property with respect to that
Fiscal Year, reduced by any abatements (after deducting all costs of
recovery) actually received with respect to that Fiscal Year.
(e) "Tax Expenses Allocable to the Premises" means the same proportion of
the Landlord's Tax Expenses as Rentable Floor Area of Tenant's Space
bears to 100% of the Rentable Floor Area of the Building.
(f) "Real Estate Taxes" means all taxes, fees, water and sewer charges and
other charges, levies and assessments (special or otherwise) of every
kind and nature assessed by any governmental authority on the Lot or
the Building or the Property which the Landlord shall become obligated
to pay because of or in connection with the ownership, leasing and
operation of the Lot, the Building, and the Property and reasonable
expenses of any proceedings for abatement of taxes. The amount of
special taxes or special assessments to be included shall be limited
to the amount of the installment (plus any interest, other than
penalty interest, payable thereon) of such special tax or special
assessment required to be paid during the year in respect of which
such taxes are being determined. There shall be excluded from such
taxes all income, estate, succession, inheritance and transfer taxes;
provided, however, that if at any time during the Term the present
system of ad valorem tax of real property shall be changed so that in
lieu of the whole or any part of the ad valorem tax on real property,
there shall be assessed on Landlord a capital levy or other tax on the
gross rents received with respect to the Lot or Building or Property,
or a federal, state, county, municipal, or other local income,
franchise, excise or similar tax, assessment, levy or charge (distinct
from any now in effect in the jurisdiction in which the Property is
located) measured by or based, in whole or in part, upon any such
gross rents, then any and all of such taxes shall be included within
the term "Real Estate Taxes" but only to the extent that the same
would be payable if the Lot, Building or Property were the only
property of Landlord.
(g) "Premises Expenses" shall mean the sum of the Operating Expenses
Allocable to the Premises and the Tax Expenses Allocable to the
Premises.
(h) The "Statement" shall mean a statement rendered to Tenant by Landlord
as soon as reasonably possible after the end of each Fiscal Year. The
Statement
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shall show the Premises Expenses for the Property, amounts already
paid by Tenant for Premises Expenses (including Tenant's Operating
Expense and Tax Base, amounts received for tenant electricity paid
pursuant to Section 2.5 hereof, if any, and amounts paid pursuant to
part C of this Section 2.6), and the amount of Premises Expenses
remaining due from or overpaid by Tenant for the Fiscal Year or
fraction thereof covered by the Statement with appropriate prorations
for fractional years.
B. If with respect to any Fiscal Year of the Term, Premises Expenses exceed
▇▇▇▇▇▇'s Operating Expense and Tax Base, then Tenant shall pay to Landlord as
additional rent the amount of such excess. (▇▇▇▇▇▇'s Operating Expense and Tax
Base does not include tenant electricity to be paid by Tenant pursuant to
Section 2.5.) Appropriate prorations shall be made for those periods at the
beginning or end of the Term which are less than a full Fiscal Year. Such
payments shall be made at the times and in the manner hereinafter provided in
this Section 2.6.
Within thirty (30) days after the date of delivery of such Statement, Tenant
shall pay to Landlord the balance of the amounts, if any, required to be paid
pursuant to the above provisions of this Section 2.6. Nothing contained herein
shall require that Landlord reimburse to Tenant any amount if the amount of
Premises Expenses is less than Tenant's Operating Expense and Tax Base.
C. In addition, commencing on the first day of the first month following
the delivery to Tenant of the Statement referred to above and on the first day
of each month thereafter until delivery to Tenant of the next such Statement,
Tenant shall pay to Landlord, on account toward Tenant's share of increases in
Premises Expenses anticipated for the then current Fiscal Year, 1/12th of the
total amount described in clause (h) above as shown on the most recent such
Statement delivered to Tenant.
To the extent that Real Estate Taxes shall be payable to the taxing authority in
installments for periods less than a Fiscal Year, the foregoing statement shall
be rendered and payments made on account of such installments with respect to
such periods rather than with respect to such full Fiscal Year. Notwithstanding
the foregoing provisions, no decrease in Landlord's Tax Expenses with respect to
any Fiscal Year shall result in a reduction of the amount otherwise payable by
Tenant if and to the extent said decrease is attributable to vacancies in the
Building rather than to any other causes.
2.7 Due Date of Additional Payments; Change in Accounting Period
Except as otherwise specifically provided herein, any sum, amount, item or
charge designated or considered as additional rent in this Lease shall be paid
by Tenant to Landlord on the first day of the month following the date on which
Landlord notifies Tenant of the amount payable or on the tenth day after the
giving of such notice, whichever shall be later. Any such notice shall specify
in reasonable detail the basis of such additional rent. Additional rent shall be
paid by Tenant to Landlord without offset or deduction.
Landlord shall have the right from time to time to change the periods of
accounting to any other annual period, and upon any such change, all items
referred to in said Section 2.6 shall be
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appropriately apportioned. In all statements rendered under Section 2.6, amounts
for periods partially within and partially without the accounting periods shall
be appropriately apportioned, and any items which are not determinable at the
time of a statement shall be included therein on the basis of Landlord's
estimate and with respect thereto Landlord shall render promptly after
determination a supplemental statement and appropriate adjustment shall be made
according thereto. All statements shall be prepared on an accrual basis of
accounting.
[END OF ARTICLE II]
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ARTICLE III: DELIVERY AND CONSTRUCTION
3.1 As-Is
The Premises have been delivered to Tenant this day is as-is where-is condition,
without representation or warranty whatsoever.
3.2 Alterations and Additions.
Tenant shall not make any alterations and additions to the Premises, except in
accordance with plans and specifications prepared by an architect, and
constructed by a contractor, first approved by Landlord, in writing, which
approval shall not be unreasonably withheld, provided that Tenant may make
non-structural alterations to the Premises not visible from the exterior of the
Premises, the removal of which shall not damage the Premises, without Landlord's
approval thereof. Tenant may not undertake any alterations and additions to the
Premises until the Finish Work has been completed. Landlord shall not be deemed
unreasonable for withholding approval of any alterations or additions which (a)
involve or might affect any structural or exterior element of the Building or
any area or element or any facility serving any area of the Building, or (b)
will delay completion of the Premises, or (c) will require unusual expense to
readapt the Premises to normal office use on Lease termination or increase the
cost of insurance or taxes on the Building or of the services called for by
Section 4.1 and Landlord shall not be deemed unreasonable for withholding its
approval of any contractor who will not work in harmony with other contractors
in the Building. All alterations and additions shall become a part of the
Building (excluding Tenant's movable trade fixtures, equipment and other
personal property) unless and until Landlord, at its option, shall specify the
same for removal pursuant to Section 5.2. All of Tenant's alterations and
additions and installation and delivery of telephone systems, furnishings and
equipment shall be coordinated with any work being performed by Landlord and
shall be performed in such manner and by such persons as shall maintain
harmonious labor relations and not cause any damage to the Building or Lot or
interfere with Building operation and, except as otherwise expressly set forth
herein, shall be performed by Landlord's general contractor. Except for work
performed by ▇▇▇▇▇▇▇▇'s general contractor, Tenant, before its work is started,
shall: deliver to Landlord a statement of the names of all its contractors and
subcontractors (and obtain Landlord's approval of the identity thereof, as
aforesaid) and the estimated cost of all labor and material to be furnished by
them and with respect to any such work the cost of which shall exceed $25,000 in
the aggregate, provide security satisfactory to Landlord protecting Landlord
against liens arising out of the furnishing of such labor and material; and
cause each contractor to carry worker's compensation insurance in statutory
amounts covering all the contractor's and subcontractor's employees and
comprehensive public liability insurance with such limits as Landlord may
reasonably require, but in no event less than a combined single limit of
$3,000,000, (all such insurance to be written in companies approved by Landlord
and insuring Landlord and Tenant as well as the contractors and Landlord's
mortgagees on the Premises), and deliver to Landlord certificates of all such
insurance. ▇▇▇▇▇▇ agrees to pay promptly when due the entire cost of any work
done on the Premises by ▇▇▇▇▇▇, its agents, employees, or independent
contractors, and not to cause or permit any liens for labor or materials
performed or furnished in connection therewith to attach to the Premises or the
Property and immediately to discharge any such liens which may so attach.
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3.3 General Provisions Applicable to Construction.
All construction work required or permitted by this Lease by Landlord and Tenant
shall be done in a good and workmanlike manner and in compliance with all
applicable laws and all lawful ordinances, regulations and orders of
governmental authority and insurers of the Building. Each party may inspect the
work of the other at reasonable times and shall promptly give notice of observed
defects. Each party authorizes the other to rely in connection with design and
construction upon approval and other actions on the party's behalf by any
Construction Representative of the party named in Article I or any person
hereafter designated in substitution or addition by notice to the party relying.
[END OF ARTICLE III]
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ARTICLE IV: LANDLORD'S COVENANTS;
INTERRUPTIONS AND DELAYS
Landlord covenants during the Term:
4.1 Services Furnished by Landlord
To furnish services, utilities, facilities and supplies set forth in Exhibit B
equal in quality to those customarily provided by landlords in buildings of
comparable quality in the Washington, D.C. area, the expense of which shall be
charged in accordance with Article II.
4.2 Additional Services Available to Tenant
To furnish, at Tenant's expense, reasonable additional Building operation
services which are usual and customary in similar office buildings in the
Washington, D.C. area upon reasonable advance request of Tenant at reasonable
and equitable rates from time to time established by Landlord.
4.3 Roof, Exterior Wall, Floor Slab, and Common Facility Repair
Except as otherwise provided in Article VI, to make such repairs to the roof,
exterior walls, floor slabs, and common areas and facilities as may be necessary
to keep them in serviceable condition, the expense of which shall be charged in
accordance with Article II.
4.4 Access
Except in case of emergency and necessary Building shutdowns, to provide Tenant
access to the Premises twenty-four hours per day, 365 days per year.
4.5 Heat and Air Conditioning
To provide tempered water to the heat pumps located on the Premises for purposes
of assisting heat pumps in heating and air conditioning the Premises during
business days (Monday through Friday between the hours of 8:00 a.m. and 6:00
p.m.) and on Saturdays between the hours of 8 a.m. and 12 p.m., except legal
holidays. In the event that Tenant requests that Landlord provide tempered water
at any time other than as specifically stated herein, Tenant shall pay as
additional rent to Landlord an amount stated by Landlord, and such payment shall
be made with the next payment of rent.
4.6 Quiet Enjoyment
That Tenant on paying the rent and performing the tenant obligations in this
Lease shall peacefully and quietly have, hold and enjoy the Premises, subject to
all of the terms and provisions hereof.
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4.7 Interruptions and Delays in Service and Repairs, etc.
Landlord shall not be liable to Tenant for any compensation or reduction of rent
by reason of inconvenience or annoyance or for loss of business arising from the
central artery construction, the necessity of Landlord or its agents entering
the Premises for any of the purposes in this Lease authorized, or for repairing
the Premises or any portion of the Building however the necessity may occur. In
case Landlord is prevented or delayed from making any repairs, alterations or
improvements, or furnishing any services or performing any other covenant or
duty to be performed on Landlord's part, by reason of any cause reasonably
beyond Landlord's control including without limitation, the causes set forth in
Section 8.16 hereof as being reasonably beyond Landlord's control, Landlord
shall not liable to Tenant therefor, nor except as expressly otherwise provided
in Section 6.1 shall Tenant be entitled to any abatement or reduction of rent by
reason thereof, nor shall the same give rise to a claim in Tenant's favor that
such failure constitutes actual or constructive, total or partial, eviction from
the Premises.
Landlord reserves the right to stop any service or utility system, when
necessary by reason of accident or emergency, or until necessary repairs have
been completed; provided, however, that in each instance of stoppage Landlord
shall exercise reasonable diligence to eliminate the cause thereof. Except in
case of emergency repairs Landlord will give Tenant reasonable advance notice of
any contemplated stoppage and will use reasonable efforts to avoid unnecessary
inconvenience to Tenant by reason thereof. Landlord also reserves the right to
institute such policies, programs and measures as may be necessary, required or
expedient for the conservation or preservation of energy services or as may be
required to comply with applicable laws, codes, rules, regulations or standards.
[END OF ARTICLE IV]
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ARTICLE V: TENANT'S COVENANTS
Tenant covenants during the Term and such further time as Tenant occupies any
part of the Premises:
5.1 Payments
To pay when due all Annual Fixed Rent and additional rent and all charges for
utility services rendered to the Premises and, as further additional rent, all
charges for additional services rendered pursuant to Section 4.2. If any
installment of Annual Fixed Rent or additional rent is paid more than five (5)
days after the due date thereof, at Landlord's election it shall bear interest
from such due date at an annual rate equal to the then average prime commercial
rate from time to time established by the two largest national banks in
Washington, D.C., plus 3% (but not in excess of the maximum rate allowed by
law), which interest shall be immediately due and payable as further additional
rent.
5.2 Repair and Yield Up
Except as otherwise provided in Article VI and Section 4.3, to keep the Premises
in good order, repair and condition, reasonable wear and tear only excepted, and
all glass in windows and doors (except glass in exterior walls of the Building
unless the damage thereto is attributable to Tenant's negligence or misuse) of
the Premises whole and in good condition with glass of the same quality as that
injured or broken, and at the expiration or termination of this Lease peaceably
to yield up the Premises and all alterations and additions thereto in good
order, repair and condition, reasonable wear and tear excepted, first removing
all goods and effects of Tenant and, to the extent specified by Landlord by
notice to Tenant given at least ten (10) days before such expiration or
termination, all alterations and additions made by Tenant and all partitions,
and repairing any damage caused by such removal and restoring the Premises and
leaving them clean and neat and to reimburse Landlord upon demand for the cost
of repairing any damage to the Premises, the Building or the Lot caused by
Tenant or its agents, employees, or invitees.
All articles of personal property and all trade fixtures, office machines and
equipment, furniture and movable partitions owned by Tenant or installed by
Tenant at its expense in the Premises shall be and remain the property of Tenant
and may be removed by Tenant at any time during the Term provided Tenant is not
in default hereunder, and provided further that Tenant shall repair any damage
caused by such removal. If Tenant shall fail to remove all of its effects from
the Premises upon termination of this Lease, Landlord may, at its option, remove
and store said effects without liability to Tenant for any loss thereof, and
▇▇▇▇▇▇ agrees to pay Landlord upon demand any and all expenses incurred in such
removal and storage, including court costs and attorneys' fees, and Landlord
may, at its option, without notice, sell said effects at private sale and
without legal process, for such price as Landlord may obtain and apply the
proceeds of such sale against any amounts due under this Lease from Tenant to
Landlord and against the expense incident to the removal, storage and sale of
said effects.
5.3 Use
To use and occupy the Premises for the Permitted Uses; not to permit in the
Premises any auction, fire, "going out of business" or bankruptcy sales, or any
vending machine; not to use or
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devote the Premises or any part thereof for any purpose other than the Permitted
Uses, nor any use thereof which is inconsistent with the maintenance of the
Building as an office building of the first class in the quality of its
maintenance, use and occupancy, or which is disorderly, improper, offensive, or
which will cause the emission from the Premises of any objectionable noise or
odor, or is of a hazardous or dangerous nature, or will in any manner interfere
with the rights of other tenants, or is liable to create a nuisance or is
contrary to law or ordinance, or which is liable to render necessary any
alteration or addition to the Building; not to inure or deface the Premises,
Building or Lot; not to make or permit any waste; not to dump, flush, or in any
way introduce any hazardous or toxic substances into the sewage or other waste
disposal system serving the Premises or the Building; and not to generate,
store, use or dispose of inflammable, hazardous or toxic substances in or on the
Premises, the Building or the Lot. Notwithstanding anything to the contrary,
Landlord makes no representation that the Premises are fit for a particular use
or purpose including, without limitation, the Permitted Uses specified herein,
except as otherwise required by law.
5.4 Obstructions, Items Visible from Exterior; Rules and Regulations
Not to obstruct in any manner any portion of the Building not hereby leased or
any portion thereof or of the Lot used by Tenant in common with others; not
without prior consent of Landlord to permit the painting or placing of any
signs, curtains, blinds, shades, awnings, aerials or flagpoles, or the like,
visible from outside the Premises; and to comply with all reasonable Rules and
Regulations now or hereafter made by Landlord, of which Tenant has been given
notice (the current Rules and Regulations are set forth in Exhibit C hereto),
for the care and use of the Building and Lot and their facilities and
approaches; Landlord shall not be liable to Tenant for the failure of other
occupants of the Building to conform to such Rules and Regulations. Tenant shall
be responsible for the prompt clean-up and removal from any common area of the
Building or from any portion of the Property any trash, debris or litter
(including accumulation of cigarette butts) deposited by its employees, agents,
contractors, customers or invitees.
5.5 Safety Appliances
To keep the Premises equipped with all safety appliances required by law or
ordinance or any other regulation of any public authority because of any use
made by Tenant other than normal office use, and to procure all licenses and
permits so required because of such use and, if requested by Landlord, to do any
work so required because of such use, it being understood that the foregoing
provisions shall not be construed to broaden in any way Tenant's Permitted Uses.
5.6 Assignment; Sublease
▇. ▇▇▇▇▇▇ shall not without prior consent of Landlord assign, mortgage,
pledge or otherwise transfer this Lease or make any sublease, or permit
occupancy of the Premises or any part thereof by anyone other than Tenant. In
connection with any request by Tenant for such consent to assignment or
subletting, to submit to Landlord in writing ("Tenant's Sublease Notice") (i)
the name of the proposed assignee or subtenant, (ii) such information as to its
financial responsibility and standing as Landlord may reasonably require, and
(iii) all of the terms and provisions upon which the proposed assignment or
subletting is to be made.
-15-
Landlord shall not unreasonably withhold its consent to the proposed assignment
or subletting to the specific assignee or subtenant set forth in Tenant's
Sublease Notice, provided that (i) Tenant and the assignee or subtenant set
forth in Tenant's Sublease Notice have executed an assignment or sublease
including terms which do not differ materially from those set forth in Tenant's
Sublease Notice within three (3) months of the date of such Notice, (ii) the
terms and provisions of such assignment or subletting shall specifically make
applicable to the assignee or sublessee all of the provisions of this Section
5.6 so that Landlord shall have against the assignee or sublessee all rights
with respect to any further assignment and subletting which are set forth
herein; (iii) the character of the proposed assignee or subtenant is consistent
with the character of the Building and the proposed assignee or subtenant
intends to use the Premises for the Permitted Uses; (iv) the proposed assignee
or subtenant has a good reputation and relevant prior business experience; (v)
the proposed assignee or subtenant has a net worth sufficient, in Landlord's
reasonable determination, to satisfy the obligations of Tenant under this Lease;
(vi) no assignment or subletting shall affect the continuing primary liability
of Tenant (which, following assignment, shall be joint and several with the
assignee); (vii) no consent to any of the foregoing in a specific instance shall
operate as a waiver in any subsequent instance; (viii) no consent shall be
deemed unreasonably withheld by Landlord to the extent the granting of consent
might cause Landlord to be in default under any mortgage; and (ix) no assignment
shall be binding upon Landlord or any of Landlord's mortgagees, unless Tenant
shall deliver to Landlord an instrument in recordable form which contains a
covenant of assumption by the assignee running to Landlord and all persons
claiming by, through or under Landlord, but the failure or refusal of the
assignee to execute such instrument of assumption shall not release or discharge
the assignee from its liability as Tenant hereunder. In the event Tenant and the
proposed assignee or sublessee have failed to execute a lease within three (3)
months of the date of Tenant's Sublease Notice, ▇▇▇▇▇▇'s right to assign or
sublet shall again be subject to the provisions of Section 5.6(A). Landlord
shall be entitled to receive all amounts, whether characterized as consideration
for the assignment, differences in rent, or otherwise, received by Tenant in
excess of the Annual Fixed Rent and additional rent reserved in this Lease
applicable to the space being so assigned or sublet ("Excess Rent"). Excess Rent
shall be payable by Tenant to Landlord in monthly installments within three (3)
days after receipt by Tenant. Tenant shall reimburse Landlord promptly, as
additional rent, for reasonable legal and other expenses incurred by Landlord in
connection with any request by Tenant for consent to assignment or subletting.
If Tenant is a corporation, then any transfer of this Lease by merger,
consolidation or liquidation, or any change in the ownership of or power to vote
the majority of its outstanding voting stock shall constitute an assignment for
the purposes of this Section 5.6. The preceding sentence shall not apply
whenever Tenant is a corporation the voting stock of which is listed on a
recognized stock exchange. The term "voting stock" shall refer to shares of
stock regularly entitled to vote for the election of directors of the
corporation. If Tenant is a partnership, then any transfer of any general
partnership interest in Tenant shall constitute an assignment for the purpose of
this Section 5.6. Notwithstanding any of the foregoing to the contrary, no
consent of Landlord shall be required in connect with assignments to affiliates
or assignments or changes in control relating to the sale of all or any
significant part of Tenant's stock or assets, including by merger or
consolidation.
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5.7 Indemnity; Insurance
To defend with counsel first approved by Landlord, save harmless, and indemnify
Landlord from any liability for injury, loss, accident or damage to any person
or property, and from any claims, actions, proceedings and expenses and costs in
connection therewith (including, without limitation, reasonable counsel fees),
(i) arising from (a) the omission, fault, willful act, negligence or other
misconduct of Tenant or (b) from any use made or thing done or occurring on the
Premises not due to the omission, fault, willful act, negligence or other
misconduct of Landlord, or (ii) resulting from the failure of Tenant to perform
and discharge its covenants and obligations under this Lease; to maintain in
responsible companies qualified to do business, and in good standing in
Washington D.C., (i) comprehensive commercial liability insurance covering the
Premises with limits which shall, at the commencement of the Term, be at least
equal to those stated in Section 1.1 and from time to time during the Term shall
be for such higher limits, if any, as are customarily carried in the Boston area
with respect to similar properties, written on an occurrence basis and including
coverage for products/completed operations, personal injury, broad form property
damage, host liquor, extended liability and broad form contractual liability;
(ii) automobile liability insurance for used and leased vehicles in a minimum
amount of at least $1,000,000 per accident, combined single limit for bodily
injury and property damage; (iii) worker's compensation insurance with statutory
limits covering all of Tenant's employees working in the Premises, and (iv)
umbrella liability with minimum limits of $1,000,000 per occurrence, such
umbrella liability policy to apply in excess of the others required insurance
hereunder, and to deposit promptly with Landlord certificates for such
insurance, and all renewals thereof bearing the endorsement that the policies
will not be cancelled until after 30 days' written notice to Landlord. Such
insurance may be maintained by Tenant under a blanket policy. All insurance
polices, other than the worker's compensation policy, shall designate Landlord
as additional insured.
5.8 Personal Property at Tenant's Risk
That all of the furnishings, fixtures, equipment, inventory, effects and
property of every kind, nature and description of Tenant and all persons
claiming by, through or under Tenant which, during the continuance of this Lease
or any occupancy of the Premises by Tenant or anyone claiming under Tenant, may
be on the Premises or elsewhere in the Building or on the Lot, shall be at the
sole risk and hazard of Tenant, and if the whole or any part thereof shall be
destroyed or damaged by fire, water or otherwise, or by the leakage or bursting
of water pipes, steam pipes, or other pipes, by theft or from any other cause,
no part of said loss or damage is to be charged to or be borne by Landlord,
except that Landlord shall in no event be indemnified or held harmless or
exonerated from any liability to Tenant or to any person, for any injury, loss,
damage or liability to the extent such indemnity, hold harmless or exoneration
is prohibited by law.
5.9 Right of Entry
To permit Landlord and its agents: to examine the Premises at reasonable times
and, if Landlord shall so elect, to make any repairs or replacements Landlord
may deem necessary; to remove, at Tenant's expense, any alterations, additions,
signs, curtains, blinds, shades, awnings, aerials, flagpoles, or the like not
consented to in writing; and to show the Premises to prospective Tenants during
the six (6) months preceding expiration of the Term and to prospective
-17-
purchasers and mortgagees at all reasonable times. In case of emergency,
Landlord or its representatives may enter the Premises at any time.
5.10 Floor Load; Prevention of Vibration and Noise
Not to place a load upon the Premises exceeding an average rate of 80 pounds of
live load per square foot of floor area (partitions shall be considered as part
of the live load); not to move any safe, vault or other heavy equipment into,
about or out of the Premises except in such manner and at such time as Landlord
shall in each instance authorize; not to install or operate in the Premises any
equipment or other machinery other than usual office equipment without obtaining
the prior consent of Landlord, who may condition such consent upon the payment
by Tenant of additional rent as compensation for additional wiring or
electricity needed for the equipment or machinery; not to install any equipment
or machinery which may necessitate any changes, replacements or additions to, or
in the use of, the heating, air conditioning, plumbing or electrical systems of
the Building without obtaining Landlord's prior consent; Tenant's business
machines and mechanical equipment which cause vibration or noise that may be
transmitted to the Building structure or to any other space in the Building
shall be so installed, maintained and used by Tenant as to eliminate such
vibration or noise.
5.11 Personal Property Taxes
To pay promptly when due all taxes which may be imposed upon personal property
(including without limitation, fixtures and equipment) in the Premises to
whomever assessed.
5.12 Signs
Not to erect any signs or lettering visible from the exterior of the Premises or
attach any awnings or canopies to the exterior of the Premises without obtaining
Lessor's prior written consent.
5.13 Compliance with Insurance Regulations
Not to do or permit to be done any act or thing upon the Premises which will
invalidate or be in conflict with the terms of the Washington D.C. standard form
of fire, boiler, sprinkler, water damage or other insurance policies covering
the Building and the fixtures and property therein; Tenant shall, at its own
expense, comply with all rules, regulations, and requirements of the National
Board of Fire Underwriters or any state or other similar body having
jurisdiction, and shall not knowingly do or permit anything to be done in or
upon the Premises in a manner which increases the rate of fire insurance upon
the Building or on any property or equipment located therein.
[END OF ARTICLE V]
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ARTICLE VI: CASUALTY AND TAKING
6.1 Termination or Restoration; Rent Adjustment; Demolition
In case during the Term all or any substantial part of the Premises or the
Building or the Lot are damaged materially by fire or other casualty or by
action of public or other authority in consequence thereof, or are taken by
eminent domain or Landlord receives compensable damage by reason of anything
lawfully done in pursuance of public or other authority, this Lease shall
terminate at Landlord's election, which may be made notwithstanding that
Landlord's entire interest may have been divested, by notice given to Tenant
within ninety (90) days after the election to terminate arises specifying the
effective date of termination. The effective date of termination specified by
Landlord shall not be less than fifteen (15) nor more than thirty (30) days
after the date of notice of such termination. Unless terminated pursuant to the
foregoing provisions this Lease shall remain in full force and effect following
any such damage or taking, subject, however, to the following provisions. If in
any such case the Premises are rendered unfit for use and occupation and this
Lease is not so terminated, Landlord shall use due diligence (following the
expiration of the period in which Landlord may terminate this Lease pursuant to
the foregoing provisions of this Section 6.1) to put the Premises, or in case of
taking what may remain thereof (excluding in case of both casualty and taking
any items installed or paid for by Tenant) into proper condition for use and
occupation subject to zoning and building codes and other laws, rules and
regulations then in effect. A just proportion of the Annual Fixed Rent and
additional rent according to the nature and extent of the injury shall be abated
from the date of such casualty or taking until the Premises or such remainder
shall have been put by Landlord in such condition; and in case of a taking which
permanently reduces the area of the Premises, a just proportion of the Annual
Fixed Rent and additional rent shall be abated for the remainder of the Term.
Landlord may voluntarily elect to demolish the Building or any part of the
Building in which event this Lease and the term shall expire at the election of
the Landlord. In the case of Landlord's election voluntarily to demolish the
Premises or Building as stated above in this Article, Landlord shall give Tenant
at least one (1) year prior termination notice, and pay to Tenant all reasonable
costs and expenses incurred by Tenant in moving Tenant to substantially
equivalent space in downtown Boston including, but not limited to, reasonable
brokerage fees, legal fees, moving expenses, and any increase in the minimum
rent payable for the substitute space during the term of this Lease over the
minimum rent payable during the term of this Lease for the Premises after which
this Lease shall terminate and be of no further recourse to either party except
as to rights and obligations incurred prior to the termination date.
6.2 Eminent Domain
Landlord reserves to itself any and all rights to receive awards made for
damages to the Premises and Building and Lot and the leasehold hereby created,
or any one or more of them, accruing by reason of exercise of eminent domain or
by reason of anything lawfully done in pursuance of public or other authority.
Tenant hereby releases and assigns to Landlord all Tenant's rights to such
awards, and covenants to deliver such further assignments and assurances thereof
as Landlord may from to time request. Tenant hereby irrevocably designates and
appoints Landlord as its attorney-in-fact to execute and deliver in ▇▇▇▇▇▇'s
name and on its behalf all such further
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assignments thereof. Nothing contained herein shall be deemed to preclude Tenant
from obtaining, or to give Landlord any interest in, any separate award to
Tenant for loss or damage to Tenant's removable personal property or Tenant's
relocation costs.
6.3 Temporary Taking
In the event of a taking of the Premises or any part thereof for temporary use,
(i) this Lease shall be and remain unaffected thereby and rent shall not ▇▇▇▇▇,
and (ii) Tenant shall be entitled to receive for itself such portion or portions
of any award made for such use with respect to the period of the taking which is
within the Term, provided that if such taking shall remain in force at the
expiration or earlier termination of this Lease, Tenant shall then pay to
Landlord a sum equal to the reasonable cost of performing Tenant's obligations
under Section 5.2 with respect to surrender of the Premises and upon such
payment shall be excused from such obligations.
[END OF ARTICLE VI]
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ARTICLE VII: DEFAULT
7.1 Events of Default
If any default by ▇▇▇▇▇▇ continues after notice, in case of Annual Fixed Rent or
additional rent for more than five (5) days, or in any other case for more than
thirty (30) days and such additional time not to exceed sixty (60) days, as is
reasonably necessary to cure the default if the default is of such a nature that
it cannot reasonably be cured in thirty (30) days; or if Tenant becomes
insolvent or fails to pay its debts as they fall due; or if Tenant makes any
trust mortgage or assignment for the benefit of creditors; or if Tenant proposes
any composition, arrangement, reorganization or recapitalization with creditors;
or if ▇▇▇▇▇▇'s leasehold hereunder or any substantial part of the property of
Tenant is taken on execution or other process of law or is attached or subjected
to any other voluntary encumbrance; or if a receiver, trustee, custodian,
guardian, liquidator or similar agent is appointed with respect to Tenant, or if
any such person or a mortgagee, secured party or other creditor takes possession
of the Premises or of any substantial part of the property of Tenant, and, in
either case, if such appointment or taking of possession is not terminated
within thirty (30) days after it first occurs; or if a petition is filed by or
with the consent of Tenant under any federal or state law concerning bankruptcy,
insolvency, reorganization, arrangement, or relief from creditors; or if a
petition is filed against Tenant under any federal or state law concerning
bankruptcy, insolvency, reorganization, arrangement, or relief from creditors,
and such petition is not dismissed within thirty (30) days thereafter, or if
Tenant dissolves or is dissolved or liquidated or adopts any plan or commences
any proceeding, the result of which is intended to include dissolution or
liquidation; then in any such case, whether or not the Term shall have begun,
Landlord may immediately, or at any time while such default exists, terminate
this Lease by notice to Tenant, in which event this Lease shall terminate and
come to an end on the date specified therein as fully and completely as if such
date were the date herein originally fixed for the expiration of the Term, and
Tenant shall then quit and surrender the Premises to Landlord, but Tenant shall
remain liable as hereinafter provided. The preceding notwithstanding, any notice
required to be given by Landlord for Tenant's failure to pay Annual Fixed Rent
or any other amount (prior to said failure being deemed an actionable default)
shall be deemed satisfied by the serving by Landlord upon Tenant at the Premises
of a "notice to quit" so long as such notice provides Tenant with the right to
cure such default within five (5) days of service.
7.2 Damages
In the event that this Lease is terminated under any of the provisions contained
in Section 7.1 or shall be otherwise terminated for breach of any obligation of
Tenant, Tenant covenants to pay forthwith to Landlord, as compensation, all sums
which were due prior to the date of such termination and Tenant shall pay on the
days originally fixed herein for the payment thereof amounts equal to the
several installments of rent, adjusted rent, additional rent and any and all
other charges as they would have become due if this Lease had not been
terminated.
As a second alternative, at the election of Landlord, Tenant will, at the time
of such termination, pay to Landlord, as liquidated damages, the amount of the
excess, if any, of the present value at the time of termination of the total
rent and other benefits which would have accrued to Landlord under this Lease
over and above the fair market value (in advance) of the Premises for the
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balance of the Term. For the purpose of this paragraph, the total rent shall be
computed by assuming that ▇▇▇▇▇▇'s share of real estate taxes and other charges
would be the amount thereof (if any) for the immediately preceding year of the
term.
In addition to the foregoing (and whether or not the Lease is terminated upon a
default), Tenant agrees (i) to indemnify and save Landlord harmless from and
against all expenses together with interest at the rate of 1.5% per month which
Landlord may incur in collecting such amount or in obtaining possession of, or
in re-letting the Premises, or in defending any action arising as a result of or
in connection with a default, including, without limitation, legal expenses,
attorneys' fees, brokerage fees, and the cost of putting the Premises in good
order or preparing the same for rental; (ii) that Landlord may re-let the
Premises or any part or parts thereof, either in the name of Landlord or
otherwise for a term or terms which may, at Landlord's option, be less than or
exceed the period which would otherwise have constituted the balance of the term
and may grant concessions or free rent for a reasonable time. The failure of
Landlord to re-let the Premises or any part thereof shall not release or affect
Tenant's liability for damage. Any suit brought to collect the amount of
deficiency for any month shall not prejudice the right of Landlord to collect
the deficiency for any subsequent month by a similar proceeding. Landlord may
make such alterations, repairs, replacements and decorations on the Premises,
and the making of such alterations or decorations shall not release Tenant from
any liability. In the event the Premises are re-let by Landlord, Tenant shall be
entitled to a credit in the net amount of rent received by Landlord, after
deduction of all expenses incurred in connection with ▇▇▇▇▇▇'s default,
re-letting the Premises and in collecting the rent, except in the event Landlord
has chosen the second or third alternative as a remedy in which event Tenant
shall not be entitled to any credit.
▇▇▇▇▇▇ further agrees that, if on the Expiration Date or other termination date,
▇▇▇▇▇▇ does not surrender the Premises or fails to remove any of its property
from the Premises and Landlord obtains an order of eviction then Landlord may
enter the Premises for the purpose of removing ▇▇▇▇▇▇'s goods and effects,
without prejudice to any other remedies, and Landlord may remove and store such
goods and effects at Tenant's expense, Tenant hereby granting Landlord an
irrevocable power of attorney to accomplish the same.
Nothing contained in this Lease shall limit or prejudice the right of Landlord
to prove for and obtain in proceedings for bankruptcy or insolvency by reason of
the termination of this Lease, an amount equal to the maximum allowed by any
statute or rule of law in effect at the time when, and governing the proceedings
in which, the damages are to be proved, whether or not the amount be greater,
equal to, or less than the amount of the loss or damages referred to above.
[END OF ARTICLE VII]
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ARTICLE VIII: MISCELLANEOUS
8.1 Computation of Rental Floor Areas
All calculations of floor areas in this Lease are deemed to be conclusive.
8.2 Notice of Lease; Consent and Approval; Notices; Bind and Inure
The titles of the Articles are for convenience only and are not to be considered
in construing this Lease. ▇▇▇▇▇▇ agrees not to record this Lease, but upon
request of either party both parties shall execute and deliver a notice of this
Lease in form appropriate for recording or registration, an agreement setting
forth the Commencement Date, and if this Lease is terminated before the term
expires, an instrument acknowledging the date of termination. Whenever any
notice, approval, consent, request or election is given or made pursuant to this
Lease it shall be in writing. Communications shall be addressed if to Landlord
at Landlord's Original Address, or at such other address as may have been
specified by prior notice to Tenant, and if to Tenant prior to the Commencement
Date, at Tenant's Notice Address or following the Commencement Date, at the
Premises, or at such other place as may have been specified by prior notice to
Landlord. Any communication so addressed shall be deemed duly served if hand
delivered by a recognized courier or overnight delivery service or if mailed by
registered or certified mail, return receipt requested and shall be deemed given
when so delivered or deposited with the U.S. Postal Service. The obligations of
this Lease shall run with the land, and this Lease shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and
assigns, except that only the original Landlord named herein shall be liable for
obligations accruing before the beginning of the Term, and thereafter the
original Landlord named herein and each successive owner of the Premises shall
be liable only for obligations accruing during its period of ownership. Tenant
shall look only to ▇▇▇▇▇▇▇▇'s interest in the Property for satisfaction of
Landlord's obligations hereunder, and neither ▇▇▇▇▇▇▇▇ nor any successor owner
of the Premises nor any trustee, beneficiary or partner of Landlord or such
successor shall have any personal liability hereunder.
8.3 Landlord's Failure to Enforce
The failure of Landlord to seek redress for violation of, or to insist upon
strict performance of, any covenant or condition of this Lease, or with respect
to such failure of Landlord to enforce any of the Rules and Regulations referred
to in Section 5.4, whether heretofore or hereafter adopted by Landlord, shall
not be deemed a waiver of such violation nor prevent a subsequent act which
would have originally constituted a violation, from having all the force and
effect of an original violation, nor shall the failure of Landlord to enforce
any of said Rules and Regulations against any other tenant of the Building be
deemed a waiver of any such Rule or Regulation. The receipt by Landlord of
Annual Fixed Rent or additional rent with knowledge of the breach of any
covenant of this Lease shall not be deemed a waiver of such breach. No provision
of this Lease shall be deemed to have been waived by Landlord, or by Tenant,
unless such waiver be in writing signed by the party to be charged. No consent
or waiver, express or implied, by Landlord or Tenant, to or of any breach of any
agreement or duty shall be construed as a waiver or consent to or of any other
breach of the same or any other agreement or duty.
-23-
8.4 Acceptance of Partial Payments of Rent; Delivery of Keys
No acceptance by Landlord of a lesser sum than the Annual Fixed Rent and
additional rent then due shall be deemed to be other than on account of the
earliest installment of such rent due, nor shall any endorsement or statement on
any check or any letter accompanying any check or payment as rent be deemed an
accord and satisfaction, and Landlord may accept such check or payment without
prejudice to Landlord's right to recover the balance of such installment or
pursue any other remedy in this Lease provided. The delivery of keys to any
employee of Landlord or to Landlord's agent or any employee thereof shall not
operate as a termination of this Lease or surrender of the Premises.
8.5 Cumulative Remedies
The specific remedies to which Landlord may resort under the terms of this Lease
are cumulative and are not intended to be exclusive of any other remedies or
means of redress to which it may be lawfully entitled in case of any breach or
threatened breach by Tenant of any provisions of this Lease. In addition to
other remedies provided in this Lease, Landlord shall be entitled to the
restraint by injunction of the violation or attempted or threatened violation of
any of the covenants, conditions or provisions of this Lease or to a decree
compelling specific performance of any such covenants, conditions or provisions.
8.6 Partial Invalidity
If any term of this Lease, or the application thereof to any person or
circumstances, shall to any extent be invalid or unenforceable, the remainder of
this Lease, or the application of such term to persons or circumstances other
than those as to which it is invalid or unenforceable shall not be affected
thereby, and each term of this Lease shall be valid and enforceable to the
fullest extent permitted by law.
8.7 Self-Help
If Tenant shall at any time default in the performance of any obligation under
this Lease, Landlord shall have the right, but shall not be obligated, to enter
upon the Premises and to perform such obligation notwithstanding the fact that
no specific provision for such substituted performance by ▇▇▇▇▇▇▇▇ is made in
this Lease with respect to such default. In performing such obligation, Landlord
may make any payment of money or perform any other act. All sums so paid by
Landlord (together with interest at an annual rate equal to the then average
prime commercial rate from time to time established by the two largest national
banks in Washington, D.C. plus 3%, but not in excess of the maximum rate allowed
by law) and all necessary incidental costs and expenses in connection with the
performance of any such act by Landlord, shall be deemed to be additional rent
under this Lease and shall be payable to Landlord immediately on demand.
Landlord may exercise the foregoing rights without waiving any other of its
rights or releasing Tenant from any of its obligations under this Lease.
8.8 Tenant's Estoppel Certificate
▇▇▇▇▇▇ agrees from time to time, upon not less than fifteen (15) days prior
written request by ▇▇▇▇▇▇▇▇, to execute, acknowledge and deliver to Landlord a
statement in writing certifying that
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this Lease is unmodified and in full force and effect and that Tenant has no
defenses, offsets or counterclaims against its obligations to pay the Annual
Fixed Rent and additional rent and to perform its other covenants under this
Lease and that there are no uncured defaults of Landlord or Tenant under this
Lease (or, if there have been any modifications that the same is in full force
and effect as modified and stating the modifications and, if there are any
defenses, offsets, counterclaims, or defaults, setting them forth in reasonable
detail), and the dates to which the Annual Fixed Rent, additional rent and other
charges have been paid. Any such statement delivered pursuant to this Section
8.8 may be relied upon by a prospective purchaser or mortgagee of the Premises
or any prospective assignee of any mortgagee of the Premises. Failure of Tenant
to respond to such request from Landlord within such time shall be deemed an
acknowledgment by Tenant that the facts recited in Landlord's request are
correct.
8.9 Waiver of Subrogation
Any insurance carried by either party with respect to the Premises or property
therein or occurrences thereon shall include a clause or endorsement denying to
the insurer rights of subrogation against the other party to the extent rights
have been waived by the insured prior to occurrence of injury or loss. Each
party, notwithstanding any provisions of this Lease to the contrary, hereby
waives any rights of recovery against the other for injury or loss due to
hazards covered by such insurance to the extent of the indemnification received
thereunder.
8.10 All Agreements Contained
This Lease contains all of the agreements of the parties with respect to the
subject matter thereof and supersedes all prior dealings between them with
respect to such subject matter.
8.11 Brokerage
Tenant warrants that it has had no dealings with any broker or agent in
connection with the Lease and covenants to defend, hold harmless and indemnify
Landlord from and against any and all cost, expense or liability for any
compensation, commissions and charges claimed by any broker or agent claiming by
or through Tenant with respect to dealings in connection with this Lease or the
negotiation thereof.
8.12 Submission Not an Option
The submission of this Lease or a summary of some or all of its provisions for
examination does not constitute a reservation of or option for the Premises or
an offer to lease, and it is not effective as a lease or otherwise until the
execution by and delivery to both Landlord and Tenant.
8.13 Applicable Law
This Lease, and the rights and obligations of the parties hereto, shall be
construed and enforced in accordance with the laws of the District of Columbia.
8.14 Waiver of Jury Trial
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Landlord and Tenant hereby waive trial by jury in any action, proceeding or
counterclaim brought by either of the parties hereto against the other, on or in
respect to any matter whatsoever arising out of or in any way connected with
this Lease, the relationship of Landlord and Tenant hereunder, ▇▇▇▇▇▇'s use or
occupancy of the Premises, and/or claim of injury or damages.
8.15 Holdover
Should Tenant holdover in occupancy of the Premises after the expiration of the
Term of this Lease, it shall be liable to Landlord for rent equal to the greater
of twice the Annual Fixed Rent rate in effect at the end of the Term or twice
the then Fair Market Rental for the space, and also for all damages, direct and
indirect, sustained by Landlord on account of such holding over. The provisions
of this Section shall not operate as a waiver of any right of re-entry provided
in this Lease, and Tenant shall be considered a Tenant at sufferance only.
8.16 Force Majeure
Except as otherwise expressly set forth in this Lease, in any case where either
party hereto is required to do any act, delays caused by or resulting from Acts
of God, war, civil commotion, fire, flood or other casualty, labor difficulties,
shortages of labor, materials or equipment, government regulations, unusually
severe weather, or other causes beyond such party's reasonable control shall not
be counted in determining the time during which such act shall be completed,
whether such time be designated by a fixed date, a fixed time or a "reasonable
time," and such time shall be deemed to be extended by the period of such delay.
8.17 Building Rehabilitation and Repair
During the term, Landlord may, at its sole discretion, choose to undertake
rehabilitation, renovation, and/or repair of the Premises and Building,
including, without limitation, remodeling the storefronts and installation of
new windows, HVAC systems, stairwells, bathrooms, sprinkler systems, detection
systems, etc. (collectively or singly referred to as "Rehabilitation"). Such
Rehabilitation, which may be minor or major in nature, shall be undertaken
solely at the Lessor's option and expense, and does not in any way constitute
part of the Tenant's consideration under this Lease and does not in any way
obligate Landlord to perform the same.
Tenant recognizes and agrees that during the time that any Rehabilitation is
made to the Premises, and during the time that Rehabilitation work is being done
to the Building including the Premises, the Tenant may experience interruptions
(including reasonable interruptions to services) due to such construction and
rehabilitation work and workmen entering the Premises in connection with such
work, and agrees to cooperate fully with the ▇▇▇▇▇▇'s efforts to make such
repairs and rehabilitation and further agrees that ▇▇▇▇▇▇ shall have no
liability for said reasonable interruptions.
Tenant agrees to provide Landlord, its employees and independent contractors
with access to the Premises at all reasonable times and upon reasonable prior
notice to Tenant, except in the case of an emergency, during Tenant's regular
business hours or otherwise in order to enable Landlord to complete the
aforementioned improvements to the Premises and rehabilitation work to the
Building.
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8.18 Compliance with Laws and Insurance Policies
Tenant, at its own expense, shall comply with (and Landlord makes no
representation with respect to) all laws, orders and regulations of Federal,
State, County and City Authorities relating to its use of the Premises and its
operations therein, provided, however, that Tenant shall have no obligation to
make the structural components or mechanical systems of the Building or Premises
or to comply with any law, order or regulation of Federal, State, County and
City authorities, including, without limitation, the Americans with Disabilities
Act, so called, except to the extent that said structural components or
mechanical systems are installed by Tenant after the execution and delivery of
this Lease. Tenant acknowledges that Landlord has made no warranties or
representations about the permissibility of Tenant's proposed use under
applicable zoning laws. Tenant, at its sole expense, shall comply with all
rules, orders, regulations or requirements of the Board of Fire Underwriters, or
any other similar body, and shall not do or permit anything to be done or kept
on the Premises, except as permitted by the Fire Department, Board of Fire
Underwriter, Fire Insurance Rating Organization, or other authority having
jurisdiction. Except for those items necessary for the cleaning and maintenance
of Tenant's business, which shall be properly stored to minimize the risk of
fire and explosion, there shall not be brought or kept in or on the Premises any
inflammable, combustible or explosive fluid, material, chemical or substance,
nor shall any unusual or other objectionable odors permeate or emanate from the
Premises. If the insurance premiums for the building increase because of
anything Tenant does or permits to be done on the Premises, Tenant shall pay the
full amount of such increase. That the Premises are being used for the Permitted
Uses shall not relieve Tenant from the foregoing duties.
8.19 Building Directory
Tenant's name shall appear on the Building directory in the main lobby of the
Building, at Landlord's sole cost and expense.
[END OF ARTICLE VIII]
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ARTICLE IX: RIGHTS OF PARTIES HOLDING PRIOR INTERESTS
9.1 Lease Subordinate
This Lease shall be subject and subordinate to any mortgage now or hereinafter
placed on the Lot or Building, or both, or any portion or portions thereof which
are separately and together hereinafter in this Article IX referred to as "the
mortgaged premises", and to each advance made or hereafter to be made under any
mortgage, and to all renewals, modifications, increases, consolidations,
replacements and extensions thereof and all substitutions therefor. The
foregoing provision shall be self-operative and no further instrument of
subordination shall be required. In confirmation of such subordination, Tenant
shall execute and deliver promptly any certificate that Landlord or any
mortgagee may request. In the event that any mortgagee or its respective
successor in title shall succeed to the interest of Landlord, then, at the
option of such mortgagee or successor, this Lease shall nevertheless continue in
full force and effect and Tenant shall and does hereby agree to attorn to such
mortgagee or successor and to recognize such mortgagee or successor as its
Landlord. Any mortgagee shall have the election to subordinate its mortgage to
this Lease, exercisable by sending a notice of such election to Tenant, which
notice may be recorded at the option of the mortgagee.
Provided that Tenant is not in default under any of the terms of this Lease,
Landlord shall use reasonable efforts to obtain from any such mortgagee on
Tenant's behalf an agreement on the part of such mortgagee to recognize this
Lease and all of Tenant's rights hereunder as though this Lease were prior to
any such mortgage, provided, however, that the mortgagee, or any purchaser at a
foreclosure sale or otherwise, shall not be:
(a) liable for any act or omission of a prior Landlord (including the
Landlord); or
(b) subject to any offset or defenses which the Tenant might have against
any prior landlord (including the Landlord); or
(c) bound by any rent or additional rent which the Tenant might have paid
in advance to any prior landlord (including Landlord) for any period
beyond the month in which foreclosure or sale occurs; or
(d) bound by any security deposit which Tenant may have paid to any prior
landlord (including Landlord), unless such deposit is in an escrow
fund available to the mortgagee; or
(e) bound by any agreement or modification of the Lease made without the
consent of the mortgagee; or
(f) bound by any notice of termination given by any prior landlord
(including Landlord) without the mortgagee's written consent thereto;
or
(g) personally liable under this Lease and the mortgagee's liability under
the Lease shall be limited to the ownership interest of the mortgagee
in the Premises; or
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(h) liable for any fact or circumstance or condition to the extent
existing or arising prior to the mortgagee's (or such purchaser's)
succession to the interest of the Landlord under the Lease and such
mortgagee or such purchaser further shall not be liable except during
that period of time, if any, in which such mortgagee or purchaser and
Tenant are in privity of estate.
Any claim by ▇▇▇▇▇▇ under the Lease against the mortgagee or such successor
shall be satisfied solely out of the mortgagee's or such successor's interest in
the Premises and Tenant shall not seek recovery against or out of any other
assets of mortgagee or such successor.
9.3 Rights of Holder of Mortgage
No act or failure to act on the part of Landlord which would entitle Tenant
under the terms of this Lease, or by law, to be relieved of Tenant's obligations
hereunder or to terminate this Lease, shall result in a release or termination
of such obligations or a termination of this Lease unless (i) Tenant shall have
first given written notice of Landlord's act or failure to act to Landlord's
mortgagees of record, if any, specifying the act or failure to act on the part
of Landlord which could or would give basis to ▇▇▇▇▇▇'s rights; and (ii) such
mortgagees, after receipt of such notice, have failed or refused to correct or
cure the condition complained of within a reasonable time thereafter; but
nothing contained in this Section 9.3 shall be deemed to impose any obligation
on any such mortgagees to correct or cure any condition. "Reasonable time" as
used above means and includes a reasonable time to obtain possession of the
mortgaged premises if the mortgagee elects to do so and a reasonable time to
correct or cure the condition if such condition is determined to exist.
9.4 Assignment of Rents
With reference to any assignment by Landlord of ▇▇▇▇▇▇▇▇'s interest in this
Lease, or the rents payable hereunder, conditional in nature or otherwise, which
assignment is made to the holder of a mortgage on property which includes the
Premises, ▇▇▇▇▇▇ agrees
(a) that the execution thereof by ▇▇▇▇▇▇▇▇, and the acceptance thereof by
the holder of such mortgage, shall never be treated as an assumption
by such holder of any of the obligations of Landlord hereunder, unless
such holder shall, by notice sent to Tenant, specifically otherwise
elect; and
(b) that, except as aforesaid, such holder shall be treated as having
assumed Landlord's obligations hereunder only upon foreclosure of such
holder's mortgage (or the acceptance of a deed in lieu of foreclosure)
and the taking of possession of the Premises.
9.5 Implementation of Article IX
▇▇▇▇▇▇ agrees on request of ▇▇▇▇▇▇▇▇ to execute and deliver from time to time
any agreement which may reasonably be deemed necessary to implement the
provisions of this Article IX.
[END OF ARTICLE IX]
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ARTICLE X: HAZARDOUS MATERIALS
10.1 Tenant's Obligations
As used herein, the following definitions shall apply:
1. "Hazardous Substance" means any substance, waste or material which is
deemed hazardous, toxic, a pollutant or contaminant under any federal state or
local statute, law, ordinance, rule, regulation, or judicial or administrative
order or decision, now or hereafter in effect.
2. "Hazardous Substance on the Premises" means any hazardous substance
present in, on, near or emanating from the Premises or at the surface or below
the surface thereof. As used in this Article X, the term "Premises" includes, in
addition to the leased Premises, the Building(s) and the Lot.
3. "Applicable Law" shall mean all federal, state and local statutes, laws,
ordinances, rules and regulations and judicial and administrative orders,
rulings and decisions that are applicable now or in future to the Premises or
any portion thereof or to any activity which shall take place thereon.
Tenant shall not generate, store, release, dispose of or otherwise handle any
Hazardous Substance on the Premises; moreover, Tenant shall not take any action,
conduct any activity or fail to take any action which causes, contributes, or is
likely to cause or contribute to, a threat of release of any Hazardous Substance
on the Premises.
Tenant furthermore shall not install or cause to be installed any chemical, oil
or gasoline storage tank(s) on, under or around the Premises and it shall not
install or cause to be installed on, around or under the Premises any
transformers or other equipment which contain PCBs or other Hazardous
Substances.
Tenant shall defend, indemnify and hold harmless Landlord and any mortgagee of
the Premises from and against any and all liability, loss, suits, claims,
actions, causes of action, proceedings, demands, costs, penalties, fines and
expenses, including without limitation, expenses of attorneys' fees,
consultants' fees, and clean-up costs, resulting from the presence of, release
of, or threat of release of, any Hazardous Substance on the Premises, or arising
out from the action or inaction of Tenant, its employees, invitees, contractors,
and agents, or arising out of the generation, storage, treatment, handling,
transportation, disposal or release (or threat of release) by Tenant its
employees, invitees, contractors and agents of any Hazardous Substance at or
near the Premises, or arising out of any violation(s) by the same of any
Applicable Law regarding Hazardous Substances.
Tenant shall remove, clean-up and remedy any Hazardous Substance on the
Premises, or any threat of release of Hazardous Substances on the Premises to
the extent required by Applicable Law, and Tenant shall be obligated to continue
to pay Annual Fixed Rent, additional rent and other sums due under the Lease
until such removal, clean-up or remedy is completed in accordance with
Applicable Laws, whether or not the term of this Lease shall terminate or
expire. Tenant hereby grants Landlord the right to inspect the Premises
throughout the term of
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this Lease, to determine that Tenant is in compliance with Applicable Laws and
Tenant agrees to provide Landlord with all information necessary to ascertain
that Tenant is in compliance with Applicable Laws.
Any release or threat of release of any Hazardous Substance on the Premises
arising from the action or inaction of Tenant, its employees, invitees,
contractors, or agents, any breach by Tenant of its obligations under this
Addendum, or any violation by Tenant of the provisions of the Act shall
constitute a default by Tenant under the Lease. In the event of such a default,
notwithstanding any contrary provision contained herein, Landlord shall have the
additional right, but not the obligation, to take any action or perform any act
required by this Article X of the Tenant to such extent and in such manner as
Landlord deems appropriate, including paying necessary costs, fees and
attorneys' fees. The making of any such payment or the performing of any such
act by the Landlord shall not waive or release the Tenant from its obligations
and agreements hereunder. All amounts so paid by Landlord shall be immediately
due and payable by Tenant to Landlord on demand, as additional rent.
Landlord, in addition and not in limitation of its rights in the preceding
paragraph, shall have the right to enforce Tenant's obligations under this
Article X by taking legal action seeking, without limitation, injunctive relief.
10.2 Survival
The provision of this Article X shall survive the expiration or termination of
this Lease.
[END OF ARTICLE X]
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ARTICLE XI: SECURITY DEPOSIT
Landlord acknowledges receipt from Tenant of the Security Deposit to be held by
Landlord or its agent, as security, for and during the Term, to be returned to
Tenant within thirty (30) days after the expiration of the Term or the
termination of this Lease provided there exists no breach of any undertaking of
Tenant. Upon the occurrence of any default by Tenant hereunder, ▇▇▇▇▇▇ agrees
that Landlord may apply all or any part of the Security Deposit together with
accrued interest, if any, thereon to any obligation of Tenant hereunder. If all
or any portion of the Security Deposit is applied to any obligation of Tenant
hereunder, Tenant shall immediately upon request by Landlord restore the
Security Deposit to its original amount. Tenant shall not have the right to call
upon Landlord to apply all or any part of the Security Deposit to cure any
default or fulfill any obligation of Tenant, but such use shall be solely in the
discretion of Landlord. Upon any conveyance of the Premises by Landlord to
Landlord's grantee or transferee, the Security Deposit together with accrued
interest, if any, thereon may be delivered by Landlord to Landlord's grantee or
transferee. Upon any such delivery, Tenant hereby releases Landlord herein named
of any and all liability with respect to the Security Deposit, its application
and return, and ▇▇▇▇▇▇ agrees to look solely to such grantee or transferee. It
is further understood that this provision shall also apply to subsequent
grantees and transferees.
[END OF ARTICLE XI]
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EXECUTED as a sealed instrument in two or more counterparts on the day and
year first above written.
LANDLORD:
ROOSEVELT LAND, LP
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Its: Manager
TENANT:
WORLD ENERGY SOLUTIONS, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
------------------------------------
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: CEO
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EXHIBIT A
Floor Plan of Premises
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EXHIBIT B
LANDLORD'S SERVICES
AREAS OF RESPONSIBILITY: Landlord shall maintain the entire building
including: lobby, elevators, stairs, hallways and all
office areas
GENERAL CLEANING: The following services shall be performed:
OFFICE AREAS - NIGHTLY:
Empty all wastebaskets and containers and remove to a designated area.
Replace basket liners if agreed.
Empty, wash and wipe clean all ashtrays.
Dust all desk tops, files, office equipment, picture frames, etc. within
normal reach.
Dry mop all resilient tile surfaces using chemically treated dry mops.
Vacuum all non-obstructed carpeted areas.
Vacuum all floor mats.
Clean entrance door glass.
Clean and sanitize drinking fountains.
Remove fingerprints from walls, doors and light switches.
High dusting, wall washing, basket washing and carpet cleaning will be
performed at additional expense.
LAVATORIES - NIGHTLY:
Sweep and damp mop the floor using the proper disinfectants.
Wash and polish all mirrors, powder shelves and bright work.
Wash and disinfect all toilet bowls and urinals.
Wash and wipe dry both sides of the toilet seats with an approved
germicidal detergent leaving the seats in an upright position.
Thoroughly dust all dispensers and partitions within normal reach. Wash and
disinfect monthly.
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Refill all dispensers with bathroom supplies.
Empty all trash receptacles and remove contents to a designated area.
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EXHIBIT C
RULES AND REGULATIONS
1. The sidewalks, entrances, driveways, passages, courts, elevators,
vestibules and the common area, stairways, corridors or halls shall not be
obstructed or encumbered by any Tenant or used for any purpose other than for
ingress to and egress from the Premises and for delivery by Landlord. There
shall not be used in any space, or in the public hall of the Building, either by
a Tenant or by jobbers or others in the delivery or receipt of merchandise, any
hand trucks, except those equipped with rubber tires and sideguards.
2. The water and wash closets and plumbing fixtures shall not be used for
any purpose other than those for which they were designed or constructed and no
sweepings, rubbish, rags, acids or other substances shall be deposited therein,
and the expense of any breakage, stoppage, or damage resulting from the
violation of this rule shall be borne by the Tenant who, or whose clerks,
agents, employees or visitors, shall have caused it.
3. No Tenant shall sweep or throw or permit to be swept or thrown from the
Premises any dirt or other substances into any of the corridors or halls,
elevators, or out of the doors or windows or stairways of the Building and
Tenant shall not use, keep or permit to be used or kept any foul or noxious gas
or substance in the Premises or permit or suffer the Premises to be occupied or
used in a manner offensive or objectionable to Landlord or other occupants of
the Building by reason of noise, odors and/or vibrations, or interfere in any
way with other Tenants or those having business therein, nor shall any animals
or birds be kept in or about the Building. Smoking or carrying lighted cigars or
cigarettes in the elevators of the Building is prohibited.
4. No awnings or other projections shall be attached to the outside walls
of the Building without the prior written consent of Landlord.
5. No sign, advertisement, notice or other lettering shall be exhibited,
inscribed, painted or affixed by any Tenant on any part of the outside of the
Premises or the Building or on the inside of the Premises if the same is visible
from the outside of the Premises without the prior written consent of Landlord,
except that the name of Tenant may appear on the entrance door of the Premises.
In the event of the violation of the foregoing by any Tenant, Landlord may
remove same without any liability, and may charge the expense incurred by such
removal to Tenant or Tenants violating this rule. Interior signs on doors and
directory tablet shall be inscribed, painted or affixed for each Tenant by
Landlord at the expense of such Tenant, and shall be of a size, color and style
acceptable to Landlord.
6. Except with prior written consent of Landlord and as Tenant may direct,
no Tenant shall mark, paint, drill into, or in any way deface any part of the
Premises or the Building of which they form a part or cut or string wires, lay
linoleum, or other similar floor covering, so that the same shall come in direct
contact with the floor of the Premises, and, if linoleum or other similar floor
covering is desired to be used, an interlining of builder's deadening felt shall
be first affixed to the floor, by a paste or other material, soluble in water,
the use of cement or other similar adhesive material being expressly prohibited.
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7. Except with the prior written consent of Landlord, no additional locks
or bolts of any kind shall be placed upon any of the doors or windows by any
Tenant, nor shall any changes be made in existing locks or mechanism thereof. If
requested, Tenant shall provide Landlord with a copy of a. key for all new locks
or bolts. Each Tenant shall, upon the termination of his tenancy, restore to
Landlord all keys either furnished to or otherwise procured by, such Tenant. In
the event of the loss of any keys furnished to Tenant, Tenant shall pay to
Landlord the cost thereof.
8. Freight, furniture, business equipment, merchandise and bulky matter of
any description shall be delivered to and removed from the Premises only on the
freight elevators and through the service entrances and corridors or in an
alternative way approved by Landlord and only during hours and in a manner
approved by Landlord.
9. Canvassing, soliciting and peddling in the Building is prohibited and
each Tenant shall cooperate to prevent the same.
10. Landlord shall have the right to prohibit any advertising by any Tenant
which, in Landlord's opinion, tends to impair the reputation of the Building or
its desirability as a building for offices, and upon written notice from
Landlord, Tenant shall refrain from or discontinue such advertising.
11. Except for those items necessary for the cleaning and maintenance of
Tenant's business, including office supplies, which shall be property stored to
minimize the risk of fire and explosion, Tenant shall not bring or permit to be
brought or kept in or on the Premises, any inflammable, combustible or explosive
fluid, material, chemical or substance, or cause or permit any odors of cooking
or other process, or any unusual or other objectionable odors to permeate in or
emanate from the Premises.
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