AG 1994 01 18 - Laserfiche WebLink

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EXHIBIT B SPECIAL STIPULATIONS 1. The panles undersand and agree that Landlord is building out the Promises which am the subject of this I.~ase and that completion of same in a prompt manner is of critical importance to Tenant; with an expeeted occupancy of May 1, 1994. Accordingly, the parties a~J~ as follows: a. Tenant's obligations under this Lease shall neither commence nor accrue until the "Commencement of the Lease Term" as that tem~ is defined herein. The Lease Term will commence upon Landlord's completion of the improvements specified on Exhibit A, obtaining a certificate of occupancy, and delivery of the Premises with tho compleled improvements to Tenant (hereinafter completion of all of these items bolng the "Commencement of the Lease Te,,,"). At the time of occupancy, Tenant may give Landlord a punch list of items to be finished or corrected, and Landlord shall promptly complete such items on that list. The Lease Term shall thereafter run for sixty (60) months from the Commencement of the Lease Term. b. The parties understand and agree that Landlord is to build-out the Premises which ar~ the subject of this Lease in accordance with Exhibit A (the plans). Exhibit A j~ not now attached but is to be agreed to by the parties, initialed, and attached by February I1, 1994. If the parties fail to reach agreement on Exhibit A, and/or fail to initial same by February 11, 1994, this Lease shall automatically become null and void and neither party shall have any obligation :o the other under the terms of this Lease or the subject matter thereof. The parties may fail to reach agreement on Exhibit A for any reasons(s) including, but not limited to, in Tenant's sole discretion, Tenant's disapproval of the site location for the Premises or particulars of the proposed construction of or within the Premises, The plans referenced in this Paragraph shall be identified as Exhibit A to this Lease and Tenant's ultimate approval (if such approval is granted) shall be evidenced by Tenant's initialing of said plans. Completion of the build-out in a prompt manner is of critical importance to Tenant; with an expected occupancy of May 1, 1994. Accordingly, the parties further agree as follows: c. In the event that the Commencement of the Lease Term does not occur by May 30. 1994. then. in such event, at ils ~etion. Tenant may elect to termlnam this Lease in its entirety, and thereafter shall ,ave no obligations or liabilities to Landlord whether under the terms of this Lease or otherwise as it relate~ to the Premises which are the subject matter of this Lease. d. In the event Tenant terminates this Lease under the provisions of Paragraphs b or c above, Landlord shall promptly r~fund any security deposit or pre-paid rent. e. As pan of constructing the Premises, Landlord shall be responsible for swing to it that said construction and Premises complies with any and all applicable local, PAGE I OF 2