Exhibit 10.25
LEASE
|
|
|
CT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Whole or part lot (if state
approved new lot/strata lot no)
|
|
Property Address
|
|
|
|
VOL
|
FOL
|
|
MK
|
|
|
|
|
|
|
|
(
)
|
(
)
|
|
7
|
|
Part of lot 1631X comprising
strata lot U( )
|
|
7 Gul Circle Singapore
629363
|
|
(B)
|
LESSOR
|
|
|
|
|
|
Co regn no
|
197302345E
|
|
|
Name
|
KEPPEL LOGISTICS PTE LTD
|
|
|
Address
|
7 Gul Circle Singapore 629363
|
|
|
|
|
|
|
the registered proprietor of the land above
described HEREBY LEASES all its registered estate or
interest in the said land to
|
|
|
|
|
(C)
|
LESSEE
|
|
|
|
|
|
Co regn no
|
200103248W
|
|
|
Name
|
AFFYMETRIX PTE LTD
|
|
|
Place of Incorporation
|
Singapore
|
|
|
Address
|
#’1 The Gemini, 41 Science Park Road
Singapore, 117610
|
|
|
|
|
|
|
For the term hereinafter stipulated, the Lessee
YIELDING AND PAYING to the Lessor therefore the rents hereinafter
SUBJECT TO the following prior encumbrances:
|
|
|
|
|
|
1
(D)
PRIOR
ENCUMBRANCES
NIL
AND to the following covenants,
conditions and stipulations:
(E)
COVENANTS AND
CONDITIONS
1
INTERPRETATION
1.1
In this Lease the following words
and expressions shall where the context so admits have the
following meaning :-
“Building” means the
office and/or warehouse building and open rooftop space for cooling
towers of which the Premises from part and refers to each and every
part of the Building and the car parks, service, loading and any
other areas the use and enjoyment of which is appurtenant to the
Building.
“Conducting Media” means
drains, sewers, conduits, flues, gutters, gullies, channels, ducts,
shafts, watercourses, pipes, cables, wires and mains or any of
them.
“Deposit” means the sum
deposited by the Lessee with the Lessor pursuant to clause
3.4.
“Dollars” means
Singapore Dollars and the sign “$” shall have the
corresponding meaning;
“Floor Area” in relation
to the Premises means the floor area specified in Clause
6.6.
“Head Lease” means the
lease between the Main Lessor and the Lessor in respect of the Land
and includes all amendments or modification thereof;
“Interest” means
interest at the rate per annum of twelve per cent (12%) or such
other rate or rates as the Lessor may specify from time to time
calculated on a daily basis and on the basis of a 365-day year (as
well after as before judgment).
“Land” means the land
known as Government Resurvey Lot 1631X of Mukim 7 at No.7 Gul
Circle Singapore 629563.
“Lease” includes any
instruments supplemental to it.
“Lessee” includes, if
the Lessee is an individual, his personal representatives and
permitted assigns, or if the Lessee is a company, its successors in
title and permitted assigns.
“Lessee’s Works”
means such fitting out or other works as the Lessee may require to
carry out in connection with the use and enjoyment of the Premises
in accordance with this Lease, and includes fitting out works
referred to in Clause 2.4.
“Lessor” includes its
successors, assigns and all persons entitled to the reversion
immediately expectant upon the determination of this
Lease.
“Main Lessor” means
Jurong Town Corporation;
“Month” means a calendar
month;
“Required Condition”
means the state and condition of the Premises as may be specified
by the Lessor and the aforementioned specifications may relate to
the concrete topping, ceiling boards, standard lighting and
sprinklers originally provided by the Lessor, without any internal
fitting-out works by the Lessee.
2
“Permitted Occupier”
means any person on the Demised Premises expressly or by
implication with the Lessee’s authority.
“Premises” means the
premises described in Schedule 1, the boundaries and location
of which are shown in the attached plans marked Annexures A and B,
excluding the exterior faces of external walls, the exterior faces
of boundary walls and the roof.
“Rent” means the rent
for the time being payable by the Lessee in accordance with
Schedule 4.
“Requisite Consents”
means those permissions, consents, approvals, licenses,
certificates and permits in legally effectual form as maybe
necessary lawfully to commence, carry out and complete the
Lessee’s Works.
“Surveyor” means the
registered surveyor for the time being engaged by the Lessor as the
surveyor for the Building.
“Term” means the term of
years granted by this Lease.
1.2
All references to the approval or
consent of the Lessor herein shall mean the written approval or
consent of the Lessor and shall include any conditions as may be
imposed by the Lessor.
2
DEMISE
2.1
In consideration of the rents and
utilities charges hereinafter reserved and the Lessee’s
covenants hereafter contained, the Lessor hereby lets and the
Lessee hereby takes ALL the Premises together with the rights set
out in Schedule 2 but EXCEPTING AND RESERVING to the Lessor
the rights as stated in Schedule 3, for a term of Three
(3) years hereinafter called “the Term”
) commencing from 1 January 2006 (hereinafter called
“the Commencement Date” ) subject always to
Clause 6.1 below.
2.2
The Lessee acknowledges that the
boundaries and configuration of the Premises shown on the enclosed
floor plan are subject to the approval of the relevant authorities
including the Fire Safety Bureau of the Premises. If any change or
amendment to the said boundaries or configuration is required in
order to comply with the requirements of the relevant government
authorities, the Lessee shall accept the amended boundaries,
configuration and area of the Premises and shall not be entitled to
demand compensation in respect of the changed area nor claim for
damages or any remedy of whatever nature PROVIDED THAT if the
amendment to the boundaries, configuration and/or area of the
Premises materially and adversely affect the Lessee’s use and
enjoyment of the Premises or the Lessee’s business conducted
on the Premises, the Lessee may by notice in writing served on the
Lessor terminate this Lease forthwith and neither party shall have
any claim against the other in connection with the
termination.
2.3
The Lessor shall give and the Lessee
shall take possession of the Premises on the following
dates:
|
Location of the Premises
|
|
Date of Possession
|
|
|
|
|
|
3 rd Floor of the Warehouse
Building
|
|
1 November 2005
|
|
Floor 2M of the Main Office Building
|
|
1 November 2005
|
|
Open Rooftop space for cooling towers
|
|
1 November 2005
|
2.4
Lessee’s
Works
2.4.1
The Lessee shall carry out at the
Lessee’s own costs and expense all works required by the
Lessee for the purpose of fitting out the Premises including the
works listed hereunder:-
(a)
installation of all necessary
aircon & mechanical ventilation distribution ducts
connecting the same to the main ACMV ducts of the
Building;
3
(b)
installation of additional
sprinklers and/or any alteration to the sprinklers provided by the
Lessor, which may be required by reason of the position of the
Lessee’s internal partitions or otherwise;
(c)
installation of all necessary
electrical wiring, conducts, fittings and fixtures;
(d)
installation of all necessary
controls and detectors.
(e)
installation of Cleanroom facility
and its related works for manufacturing of Gene Chips
manufacturing;
(f)
necessary work for upgrading the
power supply;
(g)
necessary plumbing and sanitary
works to increase the toilet facilities;
(h)
obtain the approval/clearance from
the relevant authorities for these works; and
(i)
extension of existing electrical
substation and addition of switch gears.
2.4.2
Prior to the commencement of the
Lessee’s Works, the Lessee shall at its own costs and expense
engage consultants to consider and approve the layout and
specification for the Lessee’s Works. Such consultants shall
not be deemed to be agents or employees of the Lessor and the
Lessee shall not have any claim whatsoever against the Lessor in
respect of any act, omission, default, misconduct or negligence of
any such consultants.
2.4.3
Prior to the commencement of the
Lessee’s Works, the Lessee shall its own costs and expense
submit to the Lessor for approval all plans, layouts, designs,
drawings and specifications for the Lessee’s Works before the
Lessee submits the same to any relevant government authority for
the approval.
2.4.4
The Lessee shall apply for and
obtain the Requisite Consents in relation to the Lessee’s
Works.
2.4.5
Prior to the commencement of the
Lessee’s Works, the Lessee shall effect and maintain at the
Lessee’s cost and expense, comprehensive all risks insurance
policies and public liability policies, covering the period from
the date of commencement and to the date of completion., of the
Lessee’s Works each in an amount not less than Singapore
Dollars Two million only (S$2,000,000.00) in respect of any one
occurrence with an insurance company approved by the Lessor, naming
the Lessor and the Lessee’s fitting out contractor as the
co-insured parties for their respective rights and
interests.
2.4.6
Following the approval of the Lessor
and the obtaining of the Requisite Consents, the Lessee shall
proceed to carry out and complete the Lessee’s
Works:-
(a)
in accordance with the plans,
layouts, designs, drawings, specifications and other details
approved by the Lessor in accordance with clause 6.4.2;
(b)
with good and suitable
materials;
(c)
under the supervision of an
architect or engineer appointed by the Lessee;
(d)
in a good and workmanlike manner in
accordance with good building practice and in compliance with the
local code of practice;
(e)
so as not to cause any obstruction
or interference with the works of other lessees or occupiers of the
Building;
(f)
in accordance with the Requisite
Consents in relation to the Lessee’s Works;
(g)
in compliance with all statutes,
orders and regulations made under codes of practice of local
authorities and competent authorities affecting the Lessee’s
Works and/or the Premises; and
4
(h)
with due diligence.
The Lessee’s Works shall only
be carried out by a main contractor appointed by the Lessee with
the consent of the Lessor, such consent of the Lessor, such consent
not to be unreasonably withheld.
The main contractor approved by the
Lessor pursuant to this clause shall not be deemed to be an agent
or employee of the Lessor and the Lessee shall not have any claim
whatsoever against the Lessor in respect of any act, omission,
default, misconduct or negligence of any such
contractor.
2.4.7
The Lessee shall permit the Lessor
and its servants or agents at all reasonable times to enter into
and inspect and view the Premises to ascertain if the
Lessee’s Works are or have been carried out in accordance
with the provisions of this clause 2.4. If any breach of the
provisions of this clause 2.4 shall be found upon such inspection,
the Lessee shall upon notice by the Lessor take all necessary steps
for the rectification of such breach.
2.4.8
The Lessee shall keep the Lessor
indemnified against:-
(a)
the breach, non-observance or
non-performance of any Requisite Consents in relation to the
Lessee’s Works; and
(b)
any claims, demands or proceedings
brought by any adjoining owner, lessee, occupier or member of the
public arising out of or incidental to the execution of the
Lessee’s Works.
2.4.9
Any delay in carrying out or
completing the Lessee’s Work shall not be a ground for
postponing the commencement of the Term or payment of Rent and
other moneys reserved by this Lease, or relieve in any way the
Lessee from the performance and observance of the obligations,
covenants, conditions and provisions on the Lessee’s part to
be performed and observed.
3
LESSEE’S
COVENANTS
The Lessee covenants with the Lessor
as follows:-
3.1
Rent, Interest and
Taxes
3.1.1
During the whole of the Term, the
Lessee shall pay to the Lessor, the Rent at the times and in the
manner specified in Schedule 4, without any deduction
whatsoever.
3.1.2
If the whole or any part of the Rent
and other monies due under this Lease shall remain unpaid after
they shall have become due (whether such Rent or other monies be
formally demanded or not), then to pay Interest on such Rent (or
part thereof) and other monies, as from the date they became due
until they are paid to the Lessor and such Interest shall be
recoverable from the Lessee as if they were rent in arrears.
Nothing in this clause shall entitle the Lessee to withhold or
delay any payment of the Rent or any other sum due under this Lease
after the date upon which they fall due or in any way prejudice
affect or derogate from the rights of the Lessor in relation to
such non-payment including (but without prejudice to the generality
of the above) under the proviso for re-entry contained in this
Lease.
3.1.3
It is hereby agreed that the Rent
and other sums payable by the Lessee under this Lease (hereinafter
collectively called ‘ the Agreed Sum ’) shall,
as between the Lessor and the Lessee, be exclusive of any
applicable goods and services tax, imposition, duty and levy
whatsoever (hereinafter collectively called ‘ Taxes
’) which may from time to time be imposed or charged before,
on or after the commencement of this Lease (including any
subsequent revisions thereto) by any government, quasi-government,
statutory or tax authority (hereinafter called ‘ the
Authorities ’) on or calculated by reference to the
amount of the Agreed Sum (or any part thereof) and the Lessee shall
pay all such Taxes or reimburse the Lessor for the payment of such
Taxes, as the case may be, in such manner and within such period as
to comply or enable the Lessor to comply with any applicable orders
or directives of the Authorities and the relevant laws and
regulations.
5
If the Lessor or the Lessee (or any
person on their behalf) is required by law to make any deduction or
withholding or to make any payment, on account of such Taxes, from
or calculated by reference to the Agreed Sum (or any part
thereof):-
(a)
The Lessee shall pay, without
requiring any notice from the Lessor all such Taxes for its own
account (if the liability to pay is imposed on the Lessee), or on
behalf of and in the name of the Lessor (if the liability to pay
imposed on the Lessor) on receipt of written notice from the
Lessor, and without prejudice to the foregoing, if the law requires
the Lessor to collect and to account for such Taxes, the Lessee
shall pay such Taxes to the Lessor (which shall be in addition to
the Lessee’s liability to pay the Agreed Sum) on receipt of
written notice from the Lessor; and
(b)
The sum payable by the Lessee in
respect of which the relevant deduction, withholding or payment is
required on account such Taxes, shall be increased to the extent
necessary to ensure that after the making of the aforesaid
deduction, withholding or payment, the Lessor or any person or
persons to whom such sum is to be paid, receives on due date and
retains (free from any liability in respect of any such deduction,
withholding or Taxes) a net sum equal to what would have been
received and retained had no such deduction, withholding or payment
been required or made.
The rights of the Lessor under this
clause shall be in addition and without prejudice to any other
rights or powers of the Lessor under any applicable order or
directive of the Authorities or any relevant law or regulation, to
recover from the Lessee the amount of such Taxes which may be or is
to be paid or borne by the Lessor.
The Lessee shall indemnify and hold
harmless the Lessor from any losses, damages, claims, demands,
proceedings, actions, costs, expenses, interests and penalties
suffered or incurred by the Lessor arising from any claim, demand,
proceeding or action that may be made instituted by the Authorities
in respect of such Taxes and resulting from any failure or delay on
the part of the Lessee in the payment and discharge of any such
Taxes.
Without prejudice to any of the
foregoing provisions, the Lessee shall pay and reimburse the Lessor
for all goods and services tax which may from time to time be
imposed or charged on or after the commencement date of this Lease
in respect of any supply which may be determined by the Comptroller
of Goods and Services Tax under or in connection with the
occupation and lease of the Premises and the Lessee shall indemnify
and hold harmless the Lessor from any losses, damages, claims,
demands, proceedings, actions, costs, expenses, interests and
penalties suffered or incurred by the Lessor in respect of any such
goods and services tax.
3.2
Utilities &
Communications Facilities
3.2.1
To pay all charges including any
taxes now or in the future imposed in respect of water, gas,
electricity and any other services supplied and metered separately
to the Premises which shall be consumed or supplied on or to the
Premises, or an appropriate proportion thereof attributable to the
Premises and to pay all necessary hire charges for any equipment or
appliances supplied to the Lessee by the Singapore Power Ltd or
other appropriate authority. In the event of such water, gas,
electricity and other services not being supplied and metered
separately to the Premises, to pay to the Lessor or proportionate
part of the cost thereof, such cost to be calculated by the Lessor
and notified to the Lessee by a statement from the Lessor in
writing, such statement to be conclusive as to the amount thereof,
and in the event of the Public Utilities Board or other equivalent
authority responsible for the supply of electricity, gas, water and
any other services supplied and used in the Building increasing the
charges therefore, the Lessee shall pay to the Lessor a
proportionate part of the increased costs thereof, such costs to be
calculated by the Lessor and notified to the Lessee by a statement
from the Lessor in writing, such statement to be conclusive as to
the amount thereof.
6
3.2.2
If electricity within the Premises
shall be separately metered, to apply to the Singapore Power Ltd or
other relevant authorities (“PUB”) for the installation
and testing of the meter through licensed electrical workers, and
to pay all charges directly to PUB.
3.2.3
To make necessary applications to
Singtel for the installation of any telex and telephone facilities
and bear all necessary expense, fees or usage charges in connection
with or in relation to such facilities.
3.3
Property Tax
3.3.1
Property tax imposed or levied by
the relevant government authority on the Premises or on the
Building (or any part thereof) and as may be appropriate by the
Lessor or attributable to the Premises shall be paid as
follows:-
(a)
The Lessor shall for the duration of
the Term pay property tax levied on or attributable to the Premises
but such payment by the Lessor in respect of the Premises shall not
exceed property tax calculated (i) on the basis of an annual
value equivalent to the annual Rent payable under this Lease; and
(ii) at the property tax rate applicable as at date of
commencement of this Lease. In the event that any additional
property tax is payable on account of (i) the relevant
government authority assessing an annual value for the Premises (as
increased from time to time whether retrospective or otherwise)
which is in excess of the annual value calculated as aforesaid by
reference to the annual Rent; and/or (ii) an increase in the
property tax rate above the rate applicable as at the date of
commencement of this Lease, such additional property tax shall be
borne and paid by the Lessee to the Lessor on demand.
(b)
The provisions of this clause 3.3.1
shall continue to apply notwithstanding the expiry or earlier
determination of this Lease.
(c)
Objection to any assessment of
annual value or imposition of property tax on the Premises during
the Term may be made only by the Lessor in its sole discretion or
at the request of the Lessee subject to the Lessee’s
indemnify as to costs incurred by the Lessor in connection
therewith.
3.4
Deposit
3.4.1
Upon the execution of this Lease the
Lessee shall have paid to the Lessor a sum of Dollars Three hundred
and fifty one thousand, nine hundred and forty only (S$351,940.00)
equivalent to Two (2) month’s Rent (hereinafter called
“ Deposit ”) and One (1) month advance
rental. Deposit shall be maintained at an amount equivalent to Two
(2) month’s Rent during the Term. The Deposit shall be
held by the Lessor as security for the due observance and
performance by the Lessee of all the several covenants stipulations
and agreements on the part of the Lessee herein
contained.
3.4.2
If the Lessee shall commit a breach
of any of the provisions of this Lease, the Lessor shall be
entitled but not obliged to apply the whole or such part of the
Deposit in or towards payment of any moneys outstanding or making
good any breach by the Lessee or to deduct from the Deposit the
loss or expense to the Lessor occasioned by such breach but without
prejudiced to any other remedy which the Lessor may be entitled. If
any part of the Deposit shall applied by the Lessor in accordance
herewith, the Lessee shall on demand by the Lessor forthwith
deposit in cash with the Lessor the amounts so applied by the
Lessor.
3.5
Insurance
3.5.1
At the times during the Term and
during any period of holding over the Lessee shall at its sole cost
and expense take out and keep in force the following insurance
policies with an international insurance company which is in charge
of the international insurance program of the Lessee:
(a)
comprehensive public liability
insurance policy in the name of the Lessee against claims for
personal injury death or property damage or loss arising out of all
operations of the Lessee in the Premises of an amount not less than
Dollars Five million only (S$5,000,000.00) or
7
such higher amount or amounts as may
from time to time be agreed by both parties in respect of any one
occurrence, such policy shall be extended to include the
Lessee’s legal liability for loss of or damage to the
Premises (including all fixtures and fittings therein) and in this
regard, the Lessee shall ensure that the relevant exclusion in the
said public liability policy relating to the property in the care,
custody or control of the Lessee or any servant of the Lessee, be
deleted entirely, unless the Lessee intentionally damages such
property or such loss or damaged is caused by the Lessee’s
gross negligence.
(b)
an adequate insurance policy against
loss or damage by fire on internal partitions and all goods and
assets belonging to or held in trust by the Lessee in the
Premises;
(c)
workmen compensation in respect of
its workers and employees in accordance with the requirements of
the Workmen Compensation Act (Cap.354).
3.5.2
The Lessee shall include a waiver of
subrogation clause in favour of the Lessor in the insurance policy
against loss or damage by fire. The Lessee shall ensure that its
insurers agree to waive any right of contribution against the
Lessor’s insurers. The Lessee further waives any claims
against the Lessor and release the Lessor from any liability for
any loss or damage that would be payable under the insurance to be
taken out under Clause 3.5.1 (b). The waivers herein shall not
apply to any case of intentional damage by the Lessor.
3.5.3
The Lessor shall include a waiver
subrogation clause in favour of the Lessee in the insurance policy
against loss or damage by fire. The Lessor shall ensure that its
insurers agree to waive any right of contribution against the
Lessor’s insurers. The Lessor further waives any claims
against the Lessee and release the Lessee from any liability for
any loss or damage that would be payable under the insurance
against loss or damage by fire taken out by the Lessor. The waivers
herein shall not apply to any case of intentional damage by
Lessee.
3.5.4
All policies of insurers required to
be effected by the Lessee shall be taken out with an international
insurance company, which is in charge of the international
insurance program of the Lessee. Copies of such policies of
insurance shall be produced and lodged with the Lessor by the
Lessee without demand, within thirty (30) days of the commencement
of the Term and within thirty (30) days of the renewal of such
polices.
3.6
Repair
3.6.1
The obligations in this clause 3.6
extend to all improvements and additions to the Premises and all
Lessor’s fixtures, fittings and appurtenances of whatever
nature affixed or fastened to the Premises.
3.6.2
If any damage or injury is caused to
the Lessor or to any person whomsoever directly or indirectly on
account of the condition of any part of the interior of the
Premises (including flooring, walls, ceiling, doors, windows,
curtain wall and its related parts including fluorocarbon coating
thereon and other fixtures), to be wholly responsible therefor and
to fully indemnify the Lessor against all claims, demands, actions
and legal proceedings whatsoever made upon the Lessor by any person
in respect thereof. In the interpretation and application of the
provisions of this sub-clause, the decision of a mutually agreed
upon independent surveyor or architect shall be final and binding
upon the Lessor and the Lessee.
3.6.3
To give immediate notice to the
Lessor or its building supervisor of any defects or damage to the
Premises or any fittings fixtures or other facility provided by the
Lessor.
3.7
Alterations
3.7.1
Not to make any alterations or
additions to or affecting the structure or exterior of the Premises
or the appearance of the Premises as seen from the exterior except
in accordance with the plan approved by the Lessor in accordance
with clause 6.4.2.
3.7.2
Not to paint or make any additions
or alterations or exert any force or load on the curtain wall, its
frame structure and all its related parts or to place or affix any
structures or articles or materials
8
thereon which would otherwise render
the warranty granted in favour of the Lessor in respect of such
wall and structure null and void, except in accordance with the
plans approved by the Lessor in accordance with clause
6.4.2.
3.7.3
Not without the prior written
consent of the Lessor to make any other alterations or additions to
the Premises, except in accordance with the plans approved by the
Lessor in accordance with clause 6.4.2. For purpose of seeking the
Lessor’s consent herein, the Lessee shall submit to the
Lessor all plans, layouts, designs, drawings, specifications and
details of proposed materials to be used for any proposed
alterations and additions. Alterations and additions for the
purpose of this clause shall include but shall not be limited to
works relating to:-
(a)
internal partitions, floors and
ceilings within the Premises;
(b)
electrical wiring, conduits, light
fittings and fixtures;
(c)
air-conditioning installations,
ducts and vents;
(d)
fire protection devices;
(e)
all plumbing and gas installations,
pipes, apparatus, fittings and fixtures;
(f)
all mechanical and electrical
engineering works.
3.7.4
All alterations and additions to the
Premises shall only be carried out by the main contractor appointed
by the Lessee and with the consent of the Lessor, such consent not
to be unreasonably withheld.
3.7.5
All planning and other consents
necessary or required pursuant to the provisions of any statute,
rule, order, regulation or by-law for any alteration or addition to
the Premises or any part thereof, shall be applied for and obtained
by the Lessee at its own cost and expense.
3.7.6
The Lessee shall carry out and
complete all alterations and additions to the Premises in
accordance with plans, layouts, designs, drawings, specifications
and using materials approved by the Lessor pursuant to clause 3.7.3
in a good and workmanlike manner in accordance with all planning
and other consents referred to in clause 3.7.5.
3.7.7
The Lessee shall not without the
prior written approval of the Lessor (such approval not to be
unreasonably withheld), install or erect any exterior lighting,
shade, canopy or awning or other structure in front of or elsewhere
outside the Premises.
3.7.8
Not to change or in any way vary the
front of the Premises and the entrance door provided or approved by
the Lessor for access to the Premises and not to install locks,
bolts or other fittings to the said entrance door additional to
those supplied or approved by the Lessor or in any way to cut or
alter the said entrance door without having the prior written
consent of the Lessor, such consent not to be unreasonably
withheld.
3.8
Lessor’s right of
inspection and right of repair
3.8.1
Upon the request of the Lessor, to
permit the Lessor and its servants or agent by prior appointment
and at the time stipulated by the Lessee to enter into, inspect and
view that portion of the Premises shown edged in yellow in the plan
set out in Annexure A and examine their condition and also to take
schedule of fixtures in the Premises. If
schedule of fixture is needed, Lessor will reasonably make
arrangements with Lessee and schedule work to be done outside
of normal business hours and/or work with Lessee as to not disrupt
the normal operations of Lessee.
3.8.2
If any breach of covenant, defects,
disrepair, removal of fixtures or unauthorized alterations or
additions shall be found upon such inspection for which the Lessee
is liable then upon notice by the Lessor to the Lessee, to execute
all repairs, works, replacements or removals required within one
(1) month (or sooner if required by the Lessor) after the
receipt of such notice, to the reasonable satisfaction of the
Lessor or the mutually agreed upon independent surveyor.
9
3.8.3
In case of default by the Lessee, it
shall be lawful for workmen or agents of the Lessor to enter into
that portion of the Premises shown edged in yellow in the plan set
out in Annexure A and execute such repairs, works, replacements or
removals.
3.8.4
To pay to the Lessor on demand all
expenses so incurred with Interest from the date of expenditure
until the date they are paid by the Lessee to the Lessor (such
expenses and Interest to be recoverable as if they were rent in
arrears).
3.8.5
To permit the Main Lessor and/or the
Lessor or their respective servants or agents with or without
workmen, tools and equipment during the Term by prior appointment
and at the time stipulated by the Lessee to enter upon that portion
of the Premises shown edged in yellow in the plan set out in
Annexure A to examine the state and condition of the same and of
defects decays and wants of reparation and of all breaches of
covenants contained in this Lease.
3.9
Lessor’s right of entry for
repairs etc
3.9.1
To permit the Lessor and the agents,
workmen and others employed by the Lessor or by the Main Lessor by
prior appointment and at the time stipulated by the Lessee (but at
anytime in any case of an emergency) to enter upon that portion of
the Premises shown edged in yellow in the plan set out in Annexure
A :-
(a)
to inspect, cleanse, repair, remove,
replace, alter or execute any works whatsoever to or in connection
with the Conducting Media and ancillary apparatus, easements or
services referred to in paragraph 1 of Schedule 2;
or
(b)
to effect or carry out any
maintenance, repairs, alterations or additions or other works which
the Lessor or the Main Lessor may consider necessary or desirable
to any part of the Building or the water, electrical,
air-conditioning and other facilities and services of the Building;
or
(c)
for the purpose of exercising any of
the powers and authorities of the Lessor under this Lease;
or
(d)
to comply with an obligation of
repair, maintenance or renewal affecting the Premises or the
Building; or
(e)
to construct, alter, maintain,
repair or fix anything or additional thing serving the Building or
the adjoining premises or property of the Lessor, and running
through or on the Premises; or
(f)
in connection with the development
of the remainder of the Building or any adjoining or neighbouring
land or premises, including the right to build on or onto or in
prolongation of any boundary wall of the Premises;
without payment of compensation for
any nuisance, annoyance, inconvenience or damage caused to the
Lessee subject to the Lessor (or other person so entering)
exercising such right in a reasonable manner.
3.9.2
For the purpose of clauses 3.8.1,
3.8.5 and 3.9.1, the Lessee shall endeavour, within one
(1) working day after its receipt of the relevant request, to
inform the Lessor or the Main Lessor of the time when access to
that portion of the Premises shown edged in yellow in the plan set
out in Annexure A will be granted.
3.10
Yield up in repair at the end of
the Term
At the expiration or earlier
determination of the Term:-
3.10.1
To surrender to the Lessor all keys
giving access to all parts of the Premises irrespective of whether
or not the same have been supplied by the Lessor.
10
3.10.2
Quietly to yield up the Premises in
the Required Condition, fair wear and tear excepted, to the
satisfaction of the Lessor, repaired, cleaned, decorated and kept
in accordance with the Lessee’s covenants contained in this
Lease.
3.10.3
To remove from the Premises all
additions, improvements, fixtures and fittings installed by the
Lessee and all notices, notice boards and signs bearing the name of
or otherwise relating to the Lessee (including in this context any
persons deriving title to the Premises under the Lessee) or its
business.
3.10.4
Without prejudice to the generality
of the provisions of clause 3.10.2 and clause 3.10.3, to reinstate
all air-conditioning installations, sprinkler systems and other
electrical and electronic installations therein to their original
state as at the date the Lessee first took possession of the
Premises to the satisfaction of the Lessor, such reinstatement to
be carried out by a specialist contractor nominated by the Lessor
and appointed by the Lesssee, under the supervision of the
Lessor’s architect, engineer or consultant and the Lessee
shall pay for all fees of such architect, engineer or consultant.
In all other cases, the removal and reinstatement works in respect
of the Premises shall be carried out by a contractor appointed by
the Lessee and approved by the Lessor.
3.10.5
To redecorate the Premises to the
satisfaction of the Lessor, with two coats of good quality oil
paint or emulsion paint and with wall paper for those parts
normally wall papered and other appropriate treatment of all
internal parts of the Premises including the ceiling and floor in a
good workmanlike manner using suitable and appropriate materials as
the Lessor may reasonably and properly require.
3.10.6
To make good to the satisfaction of
the Lessor all damage to the Premises and the Building resulting
from the removal of the Lessee’s belongings, reinstatement or
redecoration of the Premises.
3.10.7
If the Lessee fails to remove the
fixtures and fittings, reinstate, redecorate or make good any
damage to the Premises in accordance with the provisions of this
clause 3.10, the Lessor may effect the same at the Lessee’s
cost and expense Provided that the Lessor together with the Rent
which the Lessor shall be entitled to receive had the period within
which such works effected by the Lessor been added to the Term,
shall be paid by the Lessee within seven (7) days of demand
from the Lessor, and in this connection, a certificate of the
Lessor as to the amount of cost and expenses incurred shall be
conclusive and binding on the Lessee.
3.11
User
3.11.1
Not to use the Premises otherwise
than as a clean room for manufacturing of Gene Chips, reagents,
instrumentation and anxilliary storage and office space in respect
of that part of the Premises located on the 3 rd floor
of the Warehouse Building and as office premises in respect of the
Premises located on floor 2M of the Main Office
Building.
3.12
Covenants affecting use of
Premises and Building
3.12.1
Not to store in the Premises any
significant quantities of petrol or other specially toxic,
explosive or combustible substance or any goods or thing which in
the opinion of the Lessor are of an obnoxious, dangerous or
hazardous nature, or any unlawful goods or substance save as may be
authorized by the relevant authorities.
3.12.2
Not to use the Premises for any
noxious, noisy or offensive trade or business nor for any illegal
or immoral act or purpose.
3.12.3
Not to hold any sales by auction on
the Premises.
3.12.4
Not to hold in or on the Premises
any exhibition, public meeting or public entertainment.
3.12.5
Not to permit any vocal or
instrumental music in the Premises so that it can be heard outside
the Premises.
3.12.6
Not to permit livestock of any kind
to be kept on the Premises.
11