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OFFICE LEASE AGREEMENT
CALIFORNIA
Short Form Lease
THIS OFFICE LEASE AGREEMENT (the "Lease") is made and entered
into as of April
1, 2005, by and between CA-LA JOLLA CENTRE LIMITED PARTNERSHIP,
a Delaware
limited partnership ("Landlord") and AICI, Inc., a Nevada
corporation
("Tenant"). Pursuant to the terms of this Lease, Landlord agrees
to lease the
Premises (hereinafter defined) to Tenant and Tenant agrees to
lease the Premises
from Landlord. The Lease includes the following exhibits and
attachments:
Exhibit A (Outline and Location of Premises), Exhibit B
(Expenses and Taxes),
Exhibit C (Work Letter, if required), Exhibit D (Commencement
Letter, if
required), Exhibit E (Building Rules and Regulations), Exhibit F
(Additional
Provisions, if required), and Exhibit G (Parking Agreement).
1. Basic Lease Information
1.01 "Building" shall mean the building located at 9255 Towne
Center Drive, San
Diego, California, commonly known as La Jolla Centre II.
"Rentable Square
Footage of the Building" is deemed to be 148,278 square feet.
"Property" shall
mean the Building and the parcel(s) of land on which it is
located. "Common
Areas" shall mean the portion of the Building and Property that
are designated
by Landlord for the common use of tenants and others.
1.02 "Premises" shall mean the area shown on Exhibit A to this
Lease. The
Premises are located on the 2nd floor and known as Suite No.
235. The "Rentable
Square Footage of the Premises" is deemed to be 896 square
feet.
1.03 "Base Rent":
-------------------------- ----------------------------
------------------------
Period Annual Rate Monthly
Per Square Foot Base Rent
-------------------------- ----------------------------
------------------------
4/1/05 - 3/31/06 $31.80 $2,374.40
-------------------------- ----------------------------
------------------------
1.04 "Tenant's Pro Rata Share": 0.6043%. Tenant shall pay
Tenant's Pro
Rata Share of Taxes and Expenses in accordance Exhibit B of this
Lease
1.05 "Base Year" for Taxes: 2005; "Base Year" for Expenses:
2005. -
1.06 "Term": A period of 12 months. Subject to Section 2, the
Term shall
commence on April 1, 2005 (the "Commencement Date") and, unless
terminated early
in accordance with this Lease, end on March 31, 2006 (the
"Termination Date").
1.07 "Security Deposit": $2,611.84.
1.08 "Broker(s)": None.
1.09 "Permitted Use": General office use.
1.10 "Notice Addresses":
<TABLE>
<CAPTION>
<S> <C>
Landlord: Tenant:
CA-La Jolla Centre Limited Partnership Prior to the Commencement
Date:
c/o Equity Office Management, L.L.C.
9255 Towne Center Drive ___________________________
Suite 800 ___________________________
San Diego, California 92121 ___________________________
Attn: Property Manager ___________________________
___________________________
From and after the Commencement Date:
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
</TABLE>
A copy of any notices to Landlord shall be sent to Equity
Office,
One Market, 600 Spear Tower, San Francisco, CA 94105, Attn:
Los
Angeles Regional Counsel.
2. Possession.
2.01 Intentionally omitted.
2.02 The Premises are accepted by Tenant in "as is" condition
and
configuration without any representations or warranties by
Landlord. Landlord
shall not be liable for any failure to deliver possession of the
Premises or any
other space due to the holdover or unlawful possession of such
space by any
party. In such event, the commencement date for such space shall
be postponed
until the date Landlord delivers possession of the Premises to
Tenant free from
occupancy by any party.
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3. Rent. Tenant shall pay Landlord, without any setoff or
deduction, all Base
Rent and Additional Rent due for the Term (collectively referred
to as "Rent").
"Additional Rent" means all sums (exclusive of Base Rent) that
Tenant is
required to pay Landlord under this Lease. Tenant shall pay and
be liable for
all rental, sales and use taxes (but excluding income taxes), if
any, imposed
upon or measured by Rent. Base Rent and recurring monthly
charges of Additional
Rent shall be due and payable in advance on the first day of
each calendar month
without notice or demand. All other items of Rent shall be due
and payable by
Tenant on or before 30 days after billing by Landlord provided
that the
installment of Base Rent and Additional Rent for the first full
calendar month
of the Term shall be payable upon the execution of this Lease by
Tenant. Rent
shall be made payable to the entity and sent to the address
Landlord designates.
Tenant shall pay Landlord an administration fee equal to 5% of
all past due
Rent. In addition, past due Rent shall accrue interest at 12%
per annum. Rent
for any partial month during the Term shall be prorated. No
endorsement or
statement on a check or letter accompanying payment shall be
considered an
accord and satisfaction. Tenant's covenant to pay Rent is
independent of every
other covenant in this Lease.
4. Compliance with Laws; Use. The Premises shall be used for the
Permitted Use
and for no other use whatsoever. Tenant shall comply with all
statutes, codes,
ordinances, orders, rules and regulations of any municipal or
governmental
entity ("Laws") regarding the operation of Tenant's business and
the use,
condition, configuration and occupancy of the Premises. Tenant
shall comply with
the rules and regulations of the Building attached as Exhibit E
and such other
reasonable rules and regulations as adopted by Landlord from
time to time.
5. Security Deposit. The Security Deposit shall be delivered to
Landlord upon
the execution of this Lease by Tenant and held by Landlord
without liability for
interest (unless required by Law) as security for the
performance of Tenant's
obligations. The Security Deposit is not an advance payment of
Rent or a measure
of damages. Landlord may use all or a portion of the Security
Deposit to satisfy
past due Rent, cure any Default (defined in Section 17), or to
satisfy any other
loss or damage resulting from Tenant's Default as provided in
Section 18. If
Landlord uses any portion of the Security Deposit, Tenant shall
on demand
restore the Security Deposit to its original amount. Landlord
shall return any
unapplied portion of the Security Deposit to Tenant within 45
days after the
later to occur of: (a) determination of the final Rent due from
Tenant; or (b)
the later to occur of the Termination Date or the date Tenant
surrenders the
Premises to Landlord in compliance with Section 24. Landlord
shall not be
required to keep the Security Deposit separate from its other
accounts. Tenant
hereby waives the provisions of Section 1950.7 of the California
Civil Code, or
any successor Laws now or hereafter in effect.
6. Building Services. Landlord shall furnish Tenant with the
following services:
(a) water service for use in the base building lavatories; (b)
customary heat
and air conditioning in season during standard Building service
hours, although
Tenant shall have the right to receive HVAC service during hours
other than
standard service hours by paying Landlord's then standard charge
for additional
HVAC service and providing such reasonable prior notice as is
specified by
Landlord; (c) standard janitor service; (d) elevator service;
and (e)
electricity. Electricity used by Tenant in the Premises shall,
at Landlord's
option, be paid for by Tenant either: (i) through inclusion in
Expenses (except
as provided for excess usage); (ii) by a separate charge payable
by Tenant to
Landlord; or (iii) by separate charge billed by the applicable
utility company.
Tenant's use of electrical service shall not exceed the standard
usage for the
Building. Landlord's failure to furnish, or any interruption,
diminishment or
termination of, services due to the application of Laws, the
failure of any
equipment, the performance of repairs, improvements or
alterations, utility
interruptions or the occurrence of an event of Force Majeure
(defined in Section
25.02) shall not render Landlord liable to Tenant, constitute a
constructive
eviction of Tenant, give rise to an abatement of Rent, nor
relieve Tenant from
the obligation to fulfill any covenant or agreement.
7. Leasehold Improvements. All improvements in and to the
Premises, including
any Alterations (defined in Section 8.02) (collectively,
"Leasehold
Improvements") shall remain upon the Premises at the end of the
Term without
compensation to Tenant, provided that Tenant, at its expense, in
compliance with
the National Electric Code or other applicable Laws, shall
remove, on or before
the Termination Date, any electronic, fiber, phone and data
cabling and related
equipment (collectively, "Cable") installed by or for the
benefit of Tenant. In
addition, Landlord, by written notice to Tenant at least 30 days
prior to the
Termination Date, may require Tenant, at its expense, to remove
any Landlord
Work or Alterations that, in Landlord's reasonable judgment, are
not standard
office improvements and are of a nature that would require
material removal and
repair costs (collectively referred to as "Required
Removables"). Tenant shall
repair any damage caused by the installation or removal of the
Cable or Required
Removables.
8. Repairs and Alterations.
8.01 Tenant shall periodically inspect the Premises to identify
any
conditions that are dangerous or in need of maintenance or
repair and shall
promptly provide Landlord with notice of any such conditions.
Tenant shall, at
its sole cost and expense, promptly perform all maintenance and
repairs to the
Premises that are not Landlord's express responsibility under
this Lease, and
shall keep the Premises in good condition and repair, reasonable
wear and tear
excepted. If Tenant fails to make any repairs to the Premises
for more than 15
days after notice from Landlord (although notice shall not be
required in an
emergency), Landlord may make the repairs, and Tenant shall pay
the reasonable
cost of the repairs, together with an administrative charge in
an amount equal
to 10% of the cost of the repairs. Landlord shall perform all
maintenance and
repairs upon the: (a) structural elements of the Building; (b)
mechanical,
electrical, plumbing and fire/life safety systems serving the
Building in
general; (c) Common Areas; (d) roof of the Building; (e)
exterior windows of the
Building; and (f) elevators serving the Building. Tenant hereby
waives any and
all rights under and benefits of subsection 1 of Section 1932,
and Sections 1941
and 1942 of the California Civil Code, or any similar or
successor Laws now or
hereinafter in effect.
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8.02 Tenant shall not make alterations, repairs, additions or
improvements
or install any Cable (collectively referred to as "Alterations")
without first
obtaining the written consent of Landlord in each instance,
which consent shall
not be unreasonably withheld. In order to obtain such approvals,
Tenant shall
furnish Landlord with plans and specifications; names of
contractors acceptable
to Landlord; required permits and approvals; evidence of
contractor's and
subcontractor's insurance in amounts reasonably required by
Landlord and naming
Landlord and the Landlord Related Parties as an additional
insured; and any
security for performance in amounts reasonably required by
Landlord. Tenant
shall reimburse Landlord for any sums paid by Landlord for third
party
examination of Tenant's plans for Alterations. In addition,
Tenant shall pay
Landlord a fee for Landlord's oversight and coordination of any
Alterations
equal to 10% of the cost of the Alterations. Upon completion,
Tenant shall
furnish "as-built" plans for Alterations, completion affidavits
and full and
final waivers of lien.
9. Entry by Landlord. Landlord may enter the Premises to inspect
or show the
Premises, to clean and make repairs, alterations or additions
and to perform or
facilitate maintenance, repairs, alterations or additions to any
portion of the
Building. Except in emergencies or to provide Building services,
Landlord shall
provide Tenant with reasonable prior verbal notice of entry.
Entry by Landlord
shall not constitute a constructive eviction or entitle Tenant
to an abatement
or reduction of Rent.
10. Assignment and Subletting. Tenant shall not, directly or
indirectly, assign,
sublease, transfer or encumber any interest in this Lease or
allow any third
party to use any portion of the Premises (collectively or
individually, a
"Transfer") without the prior written consent of Landlord, which
consent shall
not be unreasonably withheld if Landlord does not exercise its
recapture rights.
Any attempted Transfer in violation of this Article shall be a
Default by Tenant
and shall, at Landlord's option, be void. Within 15 business
days after receipt
of executed copies of the transfer documentation and such other
information as
Landlord may request, Landlord shall either: (a) consent to the
Transfer by
execution of a consent agreement in a form reasonably designated
by Landlord;
(b) refuse to consent to the Transfer; or (c) recapture the
portion of the
Premises that Tenant is proposing to Transfer. If Landlord
exercises its right
to recapture, the Lease shall automatically be amended to delete
the applicable
portion of the Premises effective on the proposed effective date
of the
Transfer. Tenant hereby waives the provisions of Section
1995.310 of the
California Civil Code, or any similar or successor Laws, now or
hereinafter in
effect, and all other remedies, including, without limitation,
any right at law
or equity to terminate this Lease, on its own behalf and, to the
extent
permitted under all applicable Laws, on behalf of the proposed
transferee. In no
event shall any Transfer release or relieve Tenant from any
obligation under
this Lease. Tenant shall pay Landlord a review fee of $1,500.00
for Landlord's
review of any requested Transfer. Tenant shall pay Landlord, as
Additional Rent,
50% of all rent and other consideration which Tenant receives as
a result of a
Transfer that is in excess of the Rent payable to Landlord for
the portion of
the Premises and Term covered by the Transfer. If Tenant is in
Default, Landlord
may require that all sublease payments be made directly to
Landlord, in which
case Tenant shall receive a credit against Rent in the amount of
Tenant's share
of payments received by Landlord.
11. Liens. Tenant shall not permit mechanics or other liens to
be placed upon
the Property or Premises in connection with any work purportedly
done by or for
the benefit of Tenant or its transferees. Tenant shall, within
10 days of notice
from Landlord, fully discharge any lien by settlement or by
bonding or insuring
over the lien in the manner prescribed by Law. Tenant's failure
to fully
discharge the lien within such 10 day period shall be a Default.
In addition to
any other remedies available to Landlord as a result of such
Default by Tenant,
Landlord may bond, insure over or otherwise discharge the lien.
Tenant shall
reimburse Landlord for any amount paid by Landlord, including,
without
limitation, reasonable attorneys' fees.
12. Indemnity and Waiver of Claims. Except to the extent caused
by the
negligence or willful misconduct of Landlord or the Landlord
Related Parties
(defined below), Tenant shall indemnify, defend and hold
Landlord and the
Landlord Related Parties harmless against and from all
liabilities, obligations,
damages, penalties, claims, actions, costs, charges and
expenses, including,
without limitation, reasonable attorneys' fees and other
professional fees (if
and to the extent permitted by Law), which may be imposed upon,
incurred by or
asserted against Landlord or any of the Landlord Related Parties
by any third
party and arising out of or in connection with any damage or
injury occurring in
the Premises or any acts or omissions of Tenant or any of
Tenant's officers,
employees or agents (collectively the "Tenant Related Parties")
or any of their
transferees, contractors or licensees. Except to the extent
caused by the
negligence or willful misconduct of Tenant or the Tenant Related
Parties,
Landlord shall indemnify, defend and hold Tenant harmless
against and from all
liabilities, obligations, damages, penalties, claims, actions,
costs, charges
and expenses, including, without limitation, reasonable
attorneys' fees and
other professional fees (if and to the extent permitted by Law),
which may be
imposed upon, incurred by or asserted against Tenant or any of
the Tenant
Related Parties by any third party and arising out of or in
connection with any
acts or omissions of Landlord or any of the Landlord Related
Parties. Tenant
hereby waives all claims against and releases Landlord and its
trustees,
members, principals, beneficiaries, partners, officers,
directors, employees,
Mortgagees and agents (the "Landlord Related Parties") from all
claims for any
injury to or death of persons, damage to property or business
loss in any manner
related to (a) acts of God, (b) acts of third parties, (c) the
bursting or
leaking of any tank, water closet, drain or other pipe, (d) the
inadequacy or
failure of any security services, personnel or equipment, or (e)
any matter
outside of the reasonable control of Landlord.
13. Insurance. Tenant shall maintain the following insurance
("Tenant's
Insurance"): (a) Commercial General Liability Insurance
applicable to the
Premises and its appurtenances providing, on an occurrence
basis, a minimum
combined single limit of $2,000,000.00; (b) Property/Business
Interruption
Insurance written on an All Risk or Special Cause of Loss form,
with coverage
for broad form water damage including earthquake sprinkler
leakage, at
replacement cost value and with a replacement cost endorsement
covering all of
Tenant's business and trade fixtures, equipment, movable
partitions, furniture,
merchandise and other personal property within the Premises
("Tenant's
Property") and any Leasehold Improvements performed by or for
the benefit of
Tenant; (c) Workers' Compensation Insurance as required by Law
and in amounts as
may be required by applicable statute and Employers Liability
Coverage of at
least $1,000,000.00 per occurrence. Any company writing Tenant's
Insurance shall
have an A.M. Best rating of not less than A-VIII. All Commercial
General
Liability Insurance policies shall name Landlord (or its
successors and
assigns), the managing agent for the Building (or any
successor), Equity Office
Properties Trust, EOP Operating Limited Partnership and their
respective
members, principals, beneficiaries, partners, officers,
directors, employees,
and agents, and other designees of Landlord and its successors
as the interest
of such designees shall appear, as additional insureds. In
addition, Landlord
shall be named as a loss payee with respect to Property/Business
Interruption
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Insurance on the Leasehold Improvements. All policies of
Tenant's Insurance
shall contain endorsements that the insurer(s) shall give
Landlord and its
designees at least 30 days' advance written notice of any
cancellation,
termination, material change or lapse of insurance. Tenant shall
provide
Landlord with a certificate of insurance evidencing Tenant's
Insurance prior to
the earlier to occur of the Commencement Date or the date Tenant
is provided
with possession of the Premises, and thereafter as necessary to
assure that
Landlord always has current certificates evidencing Tenant's
Insurance.
14. Subrogation. Landlord and Tenant hereby waive and shall
cause their
respective insurance carriers to waive any and all rights of
recovery, claims,
actions or causes of action against the other for any loss or
damage with
respect to Tenant's Property, Leasehold Improvements, the
Building, the
Premises, or any contents thereof, including rights, claims,
actions and causes
of action based on negligence, which loss or damage is (or would
have been, had
the insurance required by this Lease been carried) covered by
insurance. For the
purposes of this waiver, any deductible with respect to a
party's insurance
shall be deemed covered by and recoverable by such party under
valid and
collectable policies of insurance.
15. Casualty Damage. Landlord, by notice to Tenant within 60
days of the date of
the fire or other casualty (a "Casualty"), shall have the right
to terminate
this Lease if all or any part of the Premises is damaged to the
extent that it
cannot reasonably be repaired within 120 days after the date of
the Casualty. If
this Lease is not terminated, Landlord shall promptly and
diligently restore the
Premises. Such restoration shall be to substantially the same
condition that
existed prior to the Casualty, except for modifications required
by Law.
However, in no event shall Landlord be required to spend more
than the insurance
proceeds received by Landlord. Upon notice from Landlord, Tenant
shall assign or
endorse over to Landlord (or to any party designated by
Landlord) all property
insurance proceeds payable to Tenant under Tenant's Insurance
with respect to
any Leasehold Improvements performed by or for the benefit of
Tenant; provided
if the estimated cost to repair such Leasehold Improvements
exceeds the amount
of insurance proceeds received by Landlord from Tenant's
insurance carrier, the
excess cost of such repairs shall be paid by Tenant to Landlord
prior to
Landlord's commencement of repairs. Within 15 days of demand,
Tenant shall also
pay Landlord for any additional excess costs that are determined
during the
performance of the repairs. Landlord shall not be liable for any
inconvenience
to Tenant, or injury to Tenant's business, resulting in any way
from the
Casualty or the repair thereof. Provided that Tenant is not in
Default, during
any period of time that all or a material portion of the
Premises is rendered
untenantable as a result of a Casualty, the Rent shall abate for
the portion of
the Premises that is untenantable and not used by Tenant. The
provisions of this
Lease, including this Section 15, constitute an express
agreement between
Landlord and Tenant with respect to any and all damage to, or
destruction of,
all or any part of the Premises, the Building, the Property or
the Project, and
any Laws, including, without limitation, Sections 1932(2) and
1933(4) of the
California Civil Code, with respect to any rights or obligations
concerning
damage or destruction in the absence of an express agreement
between the
parties, and any similar or successor Laws now or hereinafter in
effect, shall
have no application to this Lease or any damage or destruction
to all or any
part of the Premises, the Building or the Property.
16. Condemnation. Either party may terminate this Lease if any
material part of
the Premises is taken or condemned for any public or
quasi-public use under Law,
by eminent domain or private purchase in lieu thereof (a
"Taking"). Landlord
shall also have the right to terminate this Lease if there is a
Taking of any
portion of the Building or Property which would have a material
adverse effect
on Landlord's ability to profitably operate the remainder of the
Building. The
terminating party shall provide written notice of termination to
the other party
within 45 days after it first receives notice of the Taking. The
termination
shall be effective as of the effective date of any order
granting possession to,
or vesting legal title in, the condemning authority. All
compensation awarded
for a Taking, or sale proceeds, shall be the property of
Landlord. Tenant hereby
waives any and all rights it might otherwise have pursuant to
Section 1265.130
of the California Code of Civil Procedure, or any similar or
successor Laws.
17. Events of Default. In addition to any other default
specifically described
in this Lease, each of the following occurrences shall be
considered to be a
"Default": (a) Tenant's failure to pay any portion of Rent when
due, if the
failure continues for 3 days after written notice to Tenant,
which notice shall
be in satisfaction of, and not in addition to, notice required
by Law ("Monetary
Default"); or (b) Tenant's failure (other than a Monetary
Default) to comply
with any term, provision, condition or covenant of this Lease,
if the failure is
not cured within 10 days after written notice to Tenant, which
notice shall be
in satisfaction of, and not in addition to, notice required by
Law, provided,
however, if Tenant's failure to comply cannot reasonably be
cured within 10
days, Tenant shall be allowed additional time (not to exceed 60
days) as is
reasonably necessary to cure the failure so long as Tenant
commences to cure
within 10 days and Tenant diligently pursues the cure to
completion.
18. Remedies.
18.01 Upon the occurrence of any Default under this Lease,
whether
enumerated in Section 17 or not, Landlord shall have the option
to pursue any
one or more of the following remedies without any notice (except
as expressly
prescribed herein) or demand whatsoever (and without limiting
the generality of
the foregoing, Tenant hereby specifically waives notice and
demand for payment
of Rent or other obligations, except for those notices
specifically required
pursuant to the terms of Section 17 or this Section 18, and
waives any and all
other notices or demand requirements imposed by applicable
law):
(a) Terminate this Lease and Tenant's right to possession of
the
Premises and recover from Tenant an award of damages equal to
the sum of the
following:
(i) The Worth at the Time of Award of the unpaid Rent which
had been earned at the time of termination;
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(ii) The Worth at the Time of Award of the amount by which
the
unpaid Rent which would have been earned after termination until
the time of
award exceeds the amount of such Rent loss that Tenant
affirmatively proves
could have been reasonably avoided;
(iii) The Worth at the Time of Award of the amount by which
the unpaid Rent for the balance of the Term after the time of
award exceeds the
amount of such Rent loss that Tenant affirmatively proves could
be reasonably
avoided;
(iv) Any other amount necessary to compensate Landlord for
all
the detriment either proximately caused by Tenant's failure to
perform Tenant's
obligations under this Lease or which in the ordinary course of
things would be
likely to result therefrom; and
(v) All such other amounts in addition to or in lieu of the
foregoing as may be permitted from time to time under applicable
law.
The "Worth at the Time of Award" of the amounts referred to
in
parts (i) and (ii) above, shall be computed by allowing interest
at the lesser
of a per annum rate equal to: (A) the greatest per annum rate of
interest
permitted from time to time under applicable law, or (B) the
Prime Rate plus 5%.
For purposes hereof, the "Prime Rate" shall be the per annum
interest rate
publicly announced as its prime or base rate by a federally
insured bank
selected by Landlord in the State of California. The "Worth at
the Time of
Award" of the amount referred to in part (iii), above, shall be
computed by
discounting such amount at the discount rate of the Federal
Reserve Bank of San
Francisco at the time of award plus 1%;
(b) Employ the remedy described in California Civil Code ss.
1951.4
(Landlord may continue this Lease in effect after Tenant's
breach and
abandonment and recover Rent as it becomes due, if Tenant has
the right to
sublet or assign, subject only to reasonable limitations);
or
(c) Notwithstanding Landlord's exercise of the remedy described
in
California Civil Code ss. 1951.4 in respect of an event or
events of default, at
such time thereafter as Landlord may elect in writing, to
terminate this Lease
and Tenant's right to possession of the Premises and recover an
award of damages
as provided above in Paragraph 18.01(a).
18.02 The subsequent acceptance of Rent hereunder by Landlord
shall not be
deemed to be a waiver of any preceding breach by Tenant of any
term, covenant or
condition of this Lease, other than the failure of Tenant to pay
the particular
Rent so accepted, regardless of Landlord's knowledge of such
preceding breach at
the time of acceptance of such Rent. No waiver by Landlord of
any breach hereof
shall be effective unless such waiver is in writing and signed
by Landlord.
18.03 TENANT HEREBY WAIVES ANY AND ALL RIGHTS CONFERRED BY
SECTION 3275 OF
THE CIVIL CODE OF CALIFORNIA AND BY SECTIONS 1174 (c) AND 1179
OF THE CODE OF
CIVIL PROCEDURE OF CALIFORNIA AND ANY AND ALL OTHER LAWS AND
RULES OF LAW FROM
TIME TO TIME IN EFFECT DURING THE LEASE TERM PROVIDING THAT
TENANT SHALL HAVE
ANY RIGHT TO REDEEM, REINSTATE OR RESTORE THIS LEASE FOLLOWING
ITS TERMINATION
BY REASON OF TENANT'S BREACH. TENANT ALSO HEREBY WAIVES, TO THE
FULLEST EXTENT
PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN ANY LITIGATION
ARISING OUT OF OR
RELATING TO THIS LEASE.
18.04 No right or remedy herein conferred upon or reserved to
Landlord is
intended to be exclusive of any other right or remedy, and each
and every right
and remedy shall be cumulative and in addition to any other
right or remedy
given hereunder or now or hereafter existing by agreement,
applicable law or in
equity. In addition to other remedies provided in this Lease,
Landlord shall be
entitled, to the extent permitted by applicable law, to
injunctive relief, or to
a decree compelling performance of any of the covenants,
agreements, conditions
or provisions of this Lease, or to any other remedy allowed to
Landlord at law
or in equity. Forbearance by Landlord to enforce one or more of
the remedies
herein provided upon an event of default shall not be deemed or
construed to
constitute a waiver of such default.
18.05 If Tenant is in Default of any of its non-monetary
obligations under
the Lease, Landlord shall have the right to perform such
obligations. Tenant
shall reimburse Landlord for the cost of such performance upon
demand together
with an administrative charge equal to 10% of the cost of the
work performed by
Landlord.
18.06 This Section 18 shall be enforceable to the maximum extent
such
enforcement is not prohibited by applicable law, and the
unenforceability of any
portion thereof shall not thereby render unenforceable any other
portion.
19. Limitation of Liability.
THE LIABILITY OF LANDLORD (AND OF ANY SUCCESSOR LANDLORD) SHALL
BE LIMITED
TO THE LESSER OF (A) THE INTEREST OF LANDLORD IN THE PROPERTY,
OR (B) THE EQUITY
INTEREST LANDLORD WOULD HAVE IN THE PROPERTY IF THE PROPERTY
WERE ENCUMBERED BY
THIRD PARTY DEBT IN AN AMOUNT EQUAL TO 70% OF THE VALUE OF THE
PROPERTY. TENANT
SHALL LOOK SOLELY TO LANDLORD'S INTEREST IN THE PROPERTY FOR THE
RECOVERY OF ANY
JUDGMENT OR AWARD AGAINST LANDLORD OR ANY LANDLORD RELATED
PARTY. NEITHER
LANDLORD NOR ANY LANDLORD RELATED PARTY SHALL BE PERSONALLY
LIABLE FOR ANY
JUDGMENT OR DEFICIENCY AND IN NO EVENT SHALL LANDLORD OR ANY
LANDLORD RELATED
PARTY BE LIABLE TO TENANT FOR ANY LOST PROFIT, DAMAGE TO OR LOSS
OF BUSINESS OR
ANY FORM OF SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGE. BEFORE
FILING SUIT FOR AN
ALLEGED DEFAULT BY LANDLORD, TENANT SHALL GIVE LANDLORD AND THE
MORTGAGEE(S)
(DEFINED IN SECTION 22 BELOW) WHOM TENANT HAS BEEN NOTIFIED HOLD
MORTGAGES
(DEFINED IN SECTION 22 BELOW), NOTICE AND REASONABLE TIME TO
CURE THE ALLEGED
DEFAULT.
5
<PAGE>
20. Relocation. Landlord, at its expense, at any time before or
during the Term,
may relocate Tenant from the Premises to space of reasonably
comparable size and
utility ("Relocation Space") within the Building or other
buildings within the
same project upon 60 days' prior written notice to Tenant. From
and after the
date of the relocation, "Premises" shall refer to the Relocation
Space into
which Tenant has been moved and the Base Rent and Tenant's Pro
Rata Share shall
be adjusted based on the rentable square footage of the
Relocation Space.
21. Holding
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