Document ID: 13908

Text:
5\. Sublessee shall, in lieu of a security deposit, deliver to Sublessor a letter of credit from Silicon Valley Bank substantially in the form attached hereto as Exhibit B (or otherwise in a commercially reasonable form) in the amount of $688,106.92. Sublessee shall deliver the letter of credit to Sublessor not later than the Sublease Commencement Date. Sublessor shall not be obligated to return the letter of credit until (and it shall not expire before) such time as Sublessor has confirmed after expiration of the Term that Sublessee has paid all rent, utility charges, Pass Through Costs and Additional Rent and other expenses of the Subleased Premises which are Sublessees responsibility hereunder and has returned the Subleased Premises to Sublessor in good condition and repair, excepting only normal wear and tear, casualty damage and repairs which are not the obligation of Sublessee under this Sublease but in no event later than thirty (30)days after the expiration date of this Sublease. Sublessor shall have the right to draw against the letter of credit any amount reasonably required to cure any default, beyond applicable notice and cure periods, by Sublessee under this Sublease, including to restore the Subleased Premises to such required condition at the end of the Term in the event Sublessee fails to do so. Sublessee shall pay all expenses, points and/or fees incurred by Sublessee in obtaining the letter of credit and any renewal, extension or replacement thereof. If, (i)(A) Sublessor receives notice from the issuing bank of its intention not to renew the letter of credit and (B)Sublessee fails to deliver a replacement letter of credit at least five (5)business days prior to the expiration of the then existing letter of credit or (ii)Sublessee fails to deliver a renewal or replacement letter of credit (it being agreed that any replacement letter of credit shall satisfy the requirements of this Section5) at least five (5)business days prior to the expiration of the then existing letter of credit, then Sublessor shall be entitled to draw the full face amount of the letter of credit and retain such amount as an additional security deposit hereunder in lieu of the letter of credit. If Sublessor draws upon any part of the letter of credit and/or applies or retains any portion or all of the amount received from such draw, Sublessee, within three (3)business days after receipt of written demand, shall restore the face amount of the letter of credit or deposit with Landlord cash equal to the amount so applied or retained. For the purposes of the definition of default under this Section5, the terms of the Master Lease are hereby incorporated herein as applicable between Sublessor and Sublessee. The letter of credit shall be reduced (through a replacement letter of credit) by $ 172,026.73 following the eighteenth (18 ) month of the Term, and by an

Named Entities:
46
51
Rent
528
533
Principal

Tokenized Text:
5
\
.
Sublessee
shall
,
in
lieu
of
a
security
deposit
,
deliver
to
Sublessor
a
letter
of
credit
from
Silicon
Valley
Bank
substantially
in
the
form
attached
hereto
as
Exhibit
B
(
or
otherwise
in
a
commercially
reasonable
form
)
in
the
amount
of
$
688
,
106
.
92
.
Sublessee
shall
deliver
the
letter
of
credit
to
Sublessor
not
later
than
the
Sublease
Commencement
Date
.
Sublessor
shall
not
be
obligated
to
return
the
letter
of
credit
until
(
and
it
shall
not
expire
before
)
such
time
as
Sublessor
has
confirmed
after
expiration
of
the
Term
that
Sublessee
has
paid
all
rent
,
utility
charges
,
Pass
Through
Costs
and
Additional
Rent
and
other
expenses
of
the
Subleased
Premises
which
are
Sublessees
responsibility
hereunder
and
has
returned
the
Subleased
Premises
to
Sublessor
in
good
condition
and
repair
,
excepting
only
normal
wear
and
tear
,
casualty
damage
and
repairs
which
are
not
the
obligation
of
Sublessee
under
this
Sublease
but
in
no
event
later
than
thirty
(
30
)
days
after
the
expiration
date
of
this
Sublease
.
Sublessor
shall
have
the
right
to
draw
against
the
letter
of
credit
any
amount
reasonably
required
to
cure
any
default
,
beyond
applicable
notice
and
cure
periods
,
by
Sublessee
under
this
Sublease
,
including
to
restore
the
Subleased
Premises
to
such
required
condition
at
the
end
of
the
Term
in
the
event
Sublessee
fails
to
do
so
.
Sublessee
shall
pay
all
expenses
,
points
and
/
or
fees
incurred
by
Sublessee
in
obtaining
the
letter
of
credit
and
any
renewal
,
extension
or
replacement
thereof
.
If
,
(
i
)
(
A
)
Sublessor
receives
notice
from
the
issuing
bank
of
its
intention
not
to
renew
the
letter
of
credit
and
(
B
)
Sublessee
fails
to
deliver
a
replacement
letter
of
credit
at
least
five
(
5
)
business
days
prior
to
the
expiration
of
the
then
existing
letter
of
credit
or
(
ii
)
Sublessee
fails
to
deliver
a
renewal
or
replacement
letter
of
credit
(
it
being
agreed
that
any
replacement
letter
of
credit
shall
satisfy
the
requirements
of
this
Section5
)
at
least
five
(
5
)
business
days
prior
to
the
expiration
of
the
then
existing
letter
of
credit
,
then
Sublessor
shall
be
entitled
to
draw
the
full
face
amount
of
the
letter
of
credit
and
retain
such
amount
as
an
additional
security
deposit
hereunder
in
lieu
of
the
letter
of
credit
.
If
Sublessor
draws
upon
any
part
of
the
letter
of
credit
and
/
or
applies
or
retains
any
portion
or
all
of
the
amount
received
from
such
draw
,
Sublessee
,
within
three
(
3
)
business
days
after
receipt
of
written
demand
,
shall
restore
the
face
amount
of
the
letter
of
credit
or
deposit
with
Landlord
cash
equal
to
the
amount
so
applied
or
retained
.
For
the
purposes
of
the
definition
of
default
under
this
Section5
,
the
terms
of
the
Master
Lease
are
hereby
incorporated
herein
as
applicable
between
Sublessor
and
Sublessee
.
The
letter
of
credit
shall
be
reduced
(
through
a
replacement
letter
of
credit
)
by
$
172
,
026
.
73
following
the
eighteenth
(
18
)
month
of
the
Term
,
and
by
an