Document:

Exhibit

Exhibit 4.5

DESCRIPTION OF CAPITAL STOCK WE MAY OFFER
General
Our authorized capital stock consists of 300,000,000 shares of common stock, par value $0.001 per share, and 5,000,000 shares of preferred stock, par value $0.001 per share.
The following description of our common stock and preferred stock, together with the additional information included in any applicable prospectus supplements or related free writing prospectuses, summarizes the material terms and provisions of these types of securities, but it is not complete. For the complete terms of our common stock and preferred stock, please refer to our restated certificate of incorporation and our third amended and restated bylaws that are incorporated by reference into the registration statement which includes this prospectus and, with respect to preferred stock, any certificate of designation that we may file with the SEC for a series of preferred stock we may designate, if any.
We will describe in a prospectus supplement or related free writing prospectuses, the specific terms of any common stock or preferred stock we may offer pursuant to this prospectus. If indicated in a prospectus supplement, the terms of such common stock or preferred stock may differ from the terms described below.
Common Stock
As of April 2, 2019, there were 111,835,624 shares of common stock outstanding. The holders of our common stock are entitled to one vote for each share held of record on all matters submitted to a vote of the stockholders. The holders of common stock are not entitled to cumulative voting rights with respect to the election of directors, and as a consequence, minority stockholders will not be able to elect directors on the basis of their votes alone.
Subject to preferences that may be applicable to any then outstanding shares of preferred stock, holders of common stock are entitled to receive ratably such dividends as may be declared by the board of directors out of funds legally available therefor. In the event of a liquidation, dissolution or winding up of us, holders of the common stock are entitled to share ratably in all assets remaining after payment of liabilities and the liquidation preferences of any then outstanding shares of preferred stock. Holders of common stock have no preemptive rights and no right to convert their common stock into any other securities. There are no redemption or sinking fund provisions applicable to our common stock. All outstanding shares of common stock are, and all shares of common stock to be issued under this prospectus will be, fully paid and non-assessable. The rights, preferences and privileges of holders of our common stock are subject to, and may be adversely affected by, the rights of the holders of shares of any of our outstanding preferred stock.
Listing
Our common stock is listed under the symbol “SPPI” on the NASDAQ.
Transfer Agent and Registrar
The transfer agent and registrar for our common stock is Computershare Trust Company, N.A.
Dividends
We have not declared any cash dividends on our common stock since 2012 and we do not anticipate paying any cash dividends on our common stock in the foreseeable future.
Stockholder Rights Agreement
On November 29, 2010, our board of directors approved a stockholder rights agreement, effective December 13, 2010, or the Stockholder Rights Agreement. A stockholder rights agreement is designed to deter coercive, unfair, or inadequate takeovers and other abusive tactics that might be used in an attempt to gain control of our company. The Stockholder Rights Agreement will not prevent takeovers at a full and fair price, but rather is designed to deter coercive takeover tactics and to encourage anyone attempting to acquire our company to first negotiate with our board of directors.

On March 27, 2018, we entered into a Second Amendment to the Stockholder Rights Agreement which had the effect of suspending the Stockholders Rights Agreement as of March 30, 2018, though it will expire under its terms on December 13, 2020.
Preferred Stock
We are authorized to issue a total of 5,000,000 shares of preferred stock. As of April 2, 2019, there were no shares of preferred stock issued and outstanding.
Preferred stock may be issued from time to time, in one or more series, as authorized by the board of directors, without stockholder approval. The prospectus supplement relating to the preferred shares offered thereby will include specific terms of any preferred shares offered, including, if applicable:
	
		
	 
	 

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	the title of the shares of preferred stock;

	
		
	 
	 

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	the number of shares of preferred stock offered, the liquidation preference per share and the offering price of the shares of preferred stock;

	
		
	 
	 

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	the dividend rate(s), period(s) and/or payment date(s) or method(s) of calculation thereof applicable to the shares of preferred stock;

	
		
	 
	 

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	whether the shares of preferred stock are cumulative or not and, if cumulative, the date from which dividends on the shares of preferred stock shall accumulate;

	
		
	 
	 

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	the procedures for any auction and remarketing, if any, for the shares of preferred stock;

	
		
	 
	 

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	the provision for a sinking fund, if any, for the shares of preferred stock;

	
		
	 
	 

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	the provision for redemption or repurchase, if applicable, and any restrictions on our ability to exercise those redemption and repurchase rights of the shares of preferred stock;

	
		
	 
	 

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	any listing of the shares of preferred stock on any securities exchange;

	
		
	 
	 

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	the terms and conditions, if applicable, upon which the shares of preferred stock will be convertible into common shares, including the conversion price (or manner of calculation thereof);

	
		
	 
	 

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	discussion of federal income tax considerations applicable to the shares of preferred stock;

	
		
	 
	 

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	the relative ranking and preferences of the shares of preferred stock as to dividend rights and rights upon liquidation, dissolution or winding up of our affairs;

	
		
	 
	 

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	any limitations on issuance of any series or class of shares of preferred stock ranking senior to or on a parity with such series or class of shares of preferred stock as to dividend rights and rights upon liquidation, dissolution or winding up of our affairs;

	
		
	 
	 

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	any other specific terms, preferences, rights, limitations or restrictions of the shares of preferred stock; and

	
		
	 
	 

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	any voting rights of such preferred stock.

The transfer agent and registrar for any series or class of preferred stock will be set forth in the applicable prospectus supplement.
Possible Anti-Takeover Effects of Delaware Law and our Charter Documents 

Provisions of the Delaware General Corporation Law, or DGCL, our restated certificate of incorporation, and our third amended and restated bylaws, could make it more difficult to acquire us by means of a tender offer, a proxy contest or otherwise, or to remove incumbent officers and directors. These provisions, summarized below, are expected to discourage certain types of coercive takeover practices and takeover bids that our board of directors may consider inadequate and to encourage persons seeking to acquire control of us to first negotiate with our board of directors. We believe that the benefits of increased protection of our ability to negotiate with the proponent of an unfriendly or unsolicited proposal to acquire or restructure us outweigh the disadvantages of discouraging takeover or acquisition proposals because, among other things, negotiation of these proposals could result in an improvement of their terms.
Delaware Anti-Takeover Statute
We are subject to Section 203 of the DGCL, an anti-takeover statute. In general, Section 203 of the DGCL prohibits a publicly held Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a period of three years following the time the person became an interested stockholder, unless the business combination or the acquisition of shares that resulted in a stockholder becoming an interested stockholder is approved in a prescribed manner. Generally, a “business combination” includes a merger, asset or stock sale, or other transaction resulting in a financial benefit to the interested stockholder. Generally, an “interested stockholder” is a person who, together with affiliates and associates, owns (or within three years prior to the determination of interested stockholder status did own) 15% or more of a corporation’s voting stock. The existence of this provision would be expected to have an anti-takeover effect with respect to transactions not approved in advance by our board of directors, including discouraging attempts that might result in a premium over the market price for the shares of common stock held by our stockholders.
Election and Removal of Directors
Our board of directors is elected annually by all holders of our capital stock. The stockholders may nominate one or more persons for election as directors at an annual meeting of stockholders, but only if written notice of such stockholder’s intent to make such nomination or nominations has been received by the Secretary of the Company not less than ninety (90) nor more than one hundred twenty (120) days prior to the first anniversary of the preceding year’s annual meeting of stockholders. Any vacancy on the board of directors resulting from death, resignation, removal or otherwise or newly created directorships may be filled by the vote of the majority of directors then in office, although less than a quorum, or by a sole remaining director.
Amendment
The affirmative vote of a majority of the entire board of directors may amend and repeal the bylaws. The bylaws may be altered, amended or repealed, and new bylaws may be adopted, at any annual meeting of the stockholders (or at any special meeting thereof duly called for that purpose) by a majority of the combined voting power of the then outstanding shares of capital stock of all classes and series of the Company entitled to vote generally in the election of directors, voting as a single class, provided that, in the notice of any such special meeting, notice of such purpose shall be given.
Size of Board and Vacancies
Pursuant to our restated certificate of incorporation, and our third amended and restated bylaws, our board of directors has the exclusive right to fix the size of the board and to fill any vacancies resulting from death, resignation, disqualification or removal as well as any newly created directorships arising from an increase in the size of the board.

Special Stockholder Meetings
Our third amended and restated bylaws provide that special meetings of stockholders can be called only by the board of directors, the chairman of the board of directors or the chief executive officer. Stockholders are not permitted to call a special meeting and cannot require the board of directors to call a special meeting. There is no right of stockholders to act by written consent without a meeting, unless the consent is unanimous.
Stockholder Action by Unanimous Written Consent
Any action which may be taken at any annual or special meeting of stockholders, may be taken without a meeting and without prior notice, if a consent in writing or by electronic communication, setting forth the action so taken, is given by the holders of all of the outstanding shares entitled to vote thereon.

Requirements for Advance Notification of Stockholder Nominations and Proposals
Our third amended and restated bylaws establish advance notice procedures with respect to stockholder proposals and nomination of candidates for election as directors other than nominations made by or at the direction of our board of directors or a committee of our board of directors.
No Cumulative Voting
The DGCL provides that stockholders are denied the right to cumulate votes in the election of directors unless our certificate of incorporation provides otherwise. Our amended and restated certificate of incorporation does not provide for cumulative voting.
Authorized but Unissued Shares
Our authorized but unissued shares of common stock and preferred stock will be available for future issuance without stockholder approval. We may use additional shares for a variety of purposes, including future public offerings to raise additional capital, to fund acquisitions and as employee compensation. The existence of authorized but unissued shares of undesignated preferred stock may enable our board of directors to render more difficult or to discourage an attempt to obtain control of us by means of a merger, tender offer, proxy contest or otherwise. For example, if in the due exercise of its fiduciary obligations, our board of directors were to determine that a takeover proposal is not in the best interests of us or our stockholders, our board of directors could cause shares of preferred stock to be issued without stockholder approval in one or more private offerings or other transactions that might dilute the voting or other rights of the proposed acquirer, stockholder or stockholder group. The rights of holders of our common stock described above will be subject to, and may be adversely affected by, the rights of any preferred stock that we may designate and issue in the future. The issuance of shares of undesignated preferred stock could decrease the amount of earnings and assets available for distribution to holders of shares of common stock. The issuance may also adversely affect the rights and powers, including voting rights, of these holders and may have the effect of delaying, deterring or preventing a change in control of us.
Director Liability
Our third amended and restated bylaws limit the extent to which our directors are personally liable to us and our stockholders, to the fullest extent permitted by the DGCL. The inclusion of this provision in our third amended and restated bylaws may reduce the likelihood of derivative litigation against directors and may discourage or deter stockholders or management from bringing a lawsuit against directors for breach of their duty of care.leaseamend7irvinecompany

DocuSign Envelope ID: 48C8E935-A438-439F-97A1-A1DF19894B39                                              SEVENTH AMENDMENT TO LEASE                                          I.     PARTIES AND DATE.                                   This Seventh  Amendment  to  Lease  (“Amendment”)   dated [[FinalExecutionDate]],August 7, 2018  is  by  and              between SPECTRUM OFFICE PROPERTIES II LLC, a Delaware limited liability company (as successor              in  interest  to  The  Irvine  Company  LLC,  a  Delaware  limited  liability  company,  formerly  The  Irvine              Company,  a  Delaware  corporation) (“Landlord”),  and SPECTRUM  PHARMACEUTICALS,  INC.,  a              Delaware corporation (“Tenant”).                            II.    RECITALS.                                   On January 16, 1997, Landlord and Tenant entered into a lease for space in a building located at              157 Technology, Irvine, California (“157 Technology Premises”), which lease was amended by a First              Amendment to Lease dated March 25, 2004, by a Second Amendment to Lease dated March 7, 2006, by              a Third Amendment to Lease dated February 12, 2006, by a Fourth Amendment to Lease dated July 29,              2009,  by  a  Fifth  Amendment  to  Lease  dated  November  21,  2013 (the  “Fifth  Amendment”)  whereby              approximately  21,960  rentable  square  feet  of  space  in  a  building  located  at  153  Technology,  Irvine,              California (“153 Technology Premises”) was added and by a Sixth Amendment to Lease dated January              31, 2014.  The 153 Technology Premises and the 157 Technology Premises shall collectively constitute              the “Premises” under the Lease.  The foregoing lease, as so amended is hereinafter referred to as the              “Lease”.                                   Landlord and Tenant each desire to modify the Lease to extend the Lease Term, to adjust the              Basic Rent and to make such other modifications as are set forth in “III. MODIFICATIONS” next below.                            III.   MODIFICATIONS.                                   A.  Basic Lease Provisions.  The Basic Lease Provisions are hereby amended as follows:                                           1.     Item  5  is  hereby  deleted  in  its  entirety  and  substituted  therefor  shall  be  the                             following:                                                                 “5.  Lease Term:  The Term of this Lease shall expire on July 31, 2022.”                                            2.     Item 6 is hereby amended by adding the following:                                                                        Basic Rent for the Entire Premises (i.e. 56,280 square feet):                                                                     Months of Term        Monthly Rate Per       Monthly Basic Rent                                           or Period          Rentable Square      (rounded to the nearest                                                                    Foot                    dollar)                                        6/1/19 to 5/31/20           $1.62                 $91,174.00                                        6/1/20 to 5/31/21           $1.69                 $95,113.00                                        6/1/21 to 7/31/22           $1.77                 $99,616.00                                          B.  Brokers.  Article  XVIII of  the  Lease  is  amended  to  provide  that  the  parties  recognize  the              following  parties  as  the  brokers  who  negotiated  this  Amendment,  and  agree  that  Landlord  shall  be              responsible for payment of brokerage commissions to such brokers pursuant to its separate agreements              with  such  brokers:  Irvine Management Company  (“Landlord’s  Broker”)  is  the  agent  of  Landlord              exclusively  and Hughes  Marino,  Inc. (“Tenant’s  Broker”)  is  the  agent  of  Tenant  exclusively.  By  the              execution of this Amendment, each of Landlord and Tenant hereby acknowledge and confirm (a) receipt              of a copy of a Disclosure Regarding Real Estate Agency Relationship conforming to the requirements of              California Civil Code 2079.16, and (b) the agency relationships specified herein, which acknowledgement              and  confirmation  is  expressly  made  for  the  benefit  of  Tenant’s  Broker.  By  the  execution  of  this              Amendment,  Landlord  and  Tenant  are  executing  the  confirmation  of  the  agency  relationships  set  forth              herein. The warranty and indemnity provisions of Article XVIII of the Lease, as amended hereby, shall be              binding and enforceable in connection with the negotiation of this Amendment.                                          C.  Right of First Offer.  The provisions of Section III.C of the Fifth Amendment entitled “Right of              First Offer” shall remain in full force and effect and exercisable by Tenant during the Term of the Lease as              extended by this Amendment.                                          D.  Right to Extend the Lease.  The provisions of Section III.D of the Fifth Amendment entitled              “Right  to  Extend  the  Lease”  shall  remain  in  full  force  and  effect  and  exercisable  by  Tenant  during  the              Term of the Lease as extended by this Amendment.                                          E.  Signage.   The  provisions  of  Section  III.F of  the  Fifth  Amendment  entitled  “Signage” shall              remain in full force and effect during the Term of the Lease as extended by this Amendment.                                                                IOPLEGAL-4-44                                   8/6/18 - Lease 10779, Amendment 249685 - 2.2                                                                            1 

 

DocuSign Envelope ID: 48C8E935-A438-439F-97A1-A1DF19894B39                      F.  Parking.  The provisions of Section III.H of the Fifth Amendment entitled “Parking” shall remain              in full force and effect during the Term of the Lease as extended by this Amendment.                                          G.  Alterations.   The  fourth  (4th)  sentence  of  Section  7.3  of  the  Lease  entitled  “Alterations”  is              hereby deleted in its entirety and the following shall be substituted in lieu thereof:  “Tenant shall obtain all              required permits for the Alterations, if any, and shall perform the work in compliance with all applicable              laws,  regulations  and  ordinances  with  contractors  reasonably  acceptable  to  Landlord,  and  except  for              cosmetic Alterations not requiring a permit, Landlord shall be entitled to a supervision/management fee in              the amount of 5% of the cost of the Alterations.”                                          H.  Security Deposit.  Landlord acknowledges that it does not presently hold a security deposit              with  respect  to  the  Lease,  and  Landlord  acknowledges  and  agrees  that  it  shall  continue  to  waive  any              requirement  of  Tenant  to  provide  a security  deposit  during the Term  of  the  Lease as  extended  by  this              Amendment.                                            I.  Entry and Inspection.  The first (1st) sentence of Section 7.5 of the Lease entitled “Entry and              Inspection”  is  hereby  amended  so  that  the  reference  to  “one  hundred  and  eighty  (180)  days”  shall  be              deleted and “twelve (12) months” shall be substituted in lieu thereof.                                          J.  Acceptance of Premises.   Tenant acknowledges that the lease of the Premises pursuant to              this  Amendment  shall  be  on  an  “as-is”  basis  without  further  obligation  on  Landlord’s  part  as  to any              improvements to the Premises whatsoever (but without limiting any maintenance, repair and replacement              obligations of Landlord under the Lease), except that Landlord hereby agrees to perform and complete              the “Landlord’s Work”, to perform and complete the Tenant Improvements, and to provide Tenant with a              “Landlord’s  Contribution”  and  a  “Discretionary  Allowance”,  as  each  such  term  is  defined  in,  and in              accordance with the provisions of, Exhibit X, Work Letter, attached hereto.                                            K.  Capital Upgrades.  Landlord acknowledges that the roofs of both of the Buildings in which the              Premises  are  located  are scheduled  to  be  re-roofed  in  the  Expense  Recovery  Period  ending June  30,              2019.   Landlord  will  use  previously  collected  reserves  to  pay  for  the  cost  of  replacing  the  roofs,  and              Tenant shall not be responsible for any additional costs (or receive any additional credit) should the actual              cost  of  the  roofs  be more or  less  than the  amount of  the  roof  reserve.   Notwithstanding  the foregoing,              once  the  new  roofs  are  installed,  Landlord  will  start  collecting  a  roof  reserve  for  the  next  future  roof              replacement, and Tenant will pay to Landlord the Tenant’s Share (as defined in the Lease) as part of the              Operating Expenses.  For informational purposes only, the roof reserve estimates for fiscal years 2018              and 2019 are $0.014/SF/month.                                          L.  Restoration.  Notwithstanding anything to the contrary contained in Sections 7.3  and/or 15.3              of the Lease, the parties confirm and agree that no alterations, fixtures (excluding movable trade fixtures),              additions  or  improvements  installed  or  constructed  by  Tenant  in  the  Premises  as  of the  date  of  this              Amendment shall be required to be removed by Tenant at the Expiration Date or sooner termination of              the Term of the Lease.                                   IV.    GENERAL.                                   A.  Effect of Amendment.  The Lease shall remain in full force and effect and unmodified except              to the extent that it is expressly modified by this Amendment.                                   B.  Entire  Agreement.   This  Amendment  embodies  the  entire understanding  between Landlord              and  Tenant  with  respect  to  the  modifications  set  forth  in  "III.  MODIFICATIONS"  above  and  can  be              changed only by a writing signed by Landlord and Tenant.                                   C.  Defined  Terms.   All  words  commencing  with  initial  capital  letters  in  this  Amendment  and              defined in the Lease shall have the same meaning in this Amendment as in the Lease, unless they are              otherwise defined in this Amendment.                                   D.  Corporate  and  Partnership  Authority.  Each  of  Landlord  and Tenant represents  that each              individual  executing  this  Amendment on  its  behalf is  duly  authorized  to  execute  and  deliver  this              Amendment on behalf of  such party and that this  Amendment is binding upon it in accordance with its              terms.                                          E.  Counterparts;  Digital  Signatures.  If  this  Amendment  is  executed  in  counterparts,  each  is              hereby declared to be an original; all, however, shall constitute but one and the same amendment.  In any              action or proceeding, any photographic, facsimile, or other copy of this Amendment may be introduced              into evidence without foundation. The parties agree to accept a digital image (including but not limited to              an  image in the form  of a PDF,  JPEG,  GIF  file,  or  other  e-signature)  of  this Amendment, if  applicable,              reflecting the execution of one or both of the parties, as a true and correct original.                                          F.  California  Certified  Access  Specialist  Inspection.  Pursuant  to  California  Civil  Code  § 1938,              Landlord hereby states that the Premises have not undergone inspection by a Certified Access Specialist              (CASp) (defined in California Civil Code § 55.52(a)(3)).  Pursuant to Section 1938 of the California Civil              Code,  Landlord  hereby  provides  the  following  notification  to  Tenant:  “A  Certified  Access  Specialist                                           IOPLEGAL-4-44                                   8/6/18 - Lease 10779, Amendment 249685 - 2.2                                                                            2 

 

DocuSign Envelope ID: 48C8E935-A438-439F-97A1-A1DF19894B39               (CASp) can inspect the subject premises and determine whether the subject premises comply with all of              the applicable construction-related accessibility standards under state law.  Although state law does not              require  a  CASp  inspection  of  the  subject  premises,  the  commercial  property  owner  or  lessor  may  not              prohibit the lessee or tenant from obtaining a CASp inspection of the subject premises for the occupancy              or  potential  occupancy  of  the  lessee  or  tenant,  if  requested  by  the  lessee  or  tenant.  The  parties  shall              mutually agree on the arrangements for the time and manner of the CASp inspection, the payment of the              fee  for  the  CASp  inspection,  and  the  cost  of  making  any  repairs  necessary  to  correct  violations  of              construction  related  accessibility  standards  within  the  premises.”  If  Tenant,  in  its  sole  and  absolute              discretion, requests to perform a CASp inspection of the Premises, Tenant shall, at its cost, retain a CASp              approved by Landlord (provided that Landlord may designate the CASp, at Landlord’s option) to perform              the inspection of the Premises at a time agreed upon by the parties.  It Tenant elects to perform a CASp              inspection of the Premises, Tenant shall provide Landlord with a copy of any report or certificate issued              by  the  CASp  (the  “CASp  Report”)  and  Tenant  shall,  at  its  cost,  promptly  complete  any  modifications              necessary  to  correct  violations  of  construction  related  accessibility  standards  identified  in  the  CASp              Report, notwithstanding anything to the contrary in the Lease.  Tenant agrees to keep the information in              the CASp Report confidential except as necessary for the Tenant to complete such modifications.                            V.     EXECUTION.                                    Landlord and Tenant executed this Amendment on the date as set forth in “I. PARTIES AND              DATE.” above.                                   LANDLORD:                                       TENANT:                                                                            SPECTRUM OFFICE PROPERTIES II LLC,              SPECTRUM PHARMACEUTICALS, INC.,              a Delaware limited liability company            a Delaware corporation                                                                                                                                                                                                        By [[Executor 1 Signature]]                     By [[Tenant 1 Signature]]                                                                              Steven[[Executor M.  Case1 Name]]             Printed Name [[TenantKurt Gustafson 1 Name]]                [[Executor 1 Title Line 1]]                   Title [[Tenant 1 Title]]                Executive Vice President                           CFO               Executor 1 Title Line 2]]                                                                                                 By [[Executor 2 Signature]]                                [[ExecutorHolly McManus 2 Name]]                [[Executor 2 Title Line 1]]                [[ExecutorVice President, 2 Title Operations Line 2]]                                 Office Properties               [[ReviewerInitial1]]                                                                                                                                                                                        IOPLEGAL-4-44                                   8/6/18 - Lease 10779, Amendment 249685 - 2.2                                                                            3 

 

DocuSign Envelope ID: 48C8E935-A438-439F-97A1-A1DF19894B39                                                          EXHIBIT X                                                                                                                     WORK LETTER                                                                                                                 DOLLAR ALLOWANCE                                          As used herein, “Premises” shall mean the 153 Technology Premises and the 157 Technology Premises                            Tenant has been in occupancy and possession of the Premises since 2014, and the Premises are already              improved  with  tenant  improvements  accepted  by  Tenant.   As  an  inducement  for  Tenant  to  execute  and              deliver the Amendment whereby Tenant is extending the Term of the Lease for 38 months, Landlord shall              (i) complete certain tenant improvements more particularly described (and defined as the Landlord’s Work)              in Section I below, (ii) provide to Tenant an allowance of $2.00 per rentable square feet of the Premises for              refurbishing the  Premises, as more particularly  described in  Section II below, or toward the cost  of other              tenant  improvements  as  more  particularly  described  in  Section  III below,  and  (iii)  provide  to  Tenant  an              additional allowance of $66,000.00 for use by Tenant for the purposes described in Section IV below.                              The tenant improvement work ("Tenant Improvement Work") shall consist of the design and construction              of all tenant improvements ("Tenant Improvements”) required for the Premises pursuant to the approved              plans and specifications.  Tenant shall employ its own architect and general contractor in constructing the              Tenant Improvements.  Except for the refurbishment work, the general contractor shall be selected and              engaged  by  Tenant  on  the  basis  of  a  competitive  bid  involving  2  general  contractors  designated  by              Landlord and 1 general contractor designated by Tenant and approved in writing by Landlord. The work              shall be undertaken and prosecuted in accordance with the requirements set forth below.                            I.     LANDLORD’S WORK                            Landlord  shall,  at  Landlord’s  sole  cost  and  expense  [and  without  any  deduction  from  either  Landlord              Contribution (as defined in IV.A below) or the Discretionary Allowance (as defined in IV.A below)], perform              and  complete  on  a  turnkey  basis,  prior  to  March  31,  2019, the  following  improvements:   (i)  install  new              finishes--utilizing building standard materials and finishes--in two (2) sets of restrooms at 157 Technology              Drive in accordance with the pricing summary prepared by Casco Contractors dated May 7, 2018 and (ii)              install HVAC controls  in accordance with the proposal prepared by  Advanced  Automated dated April 26,              2018 (the “Landlord’s Work”).  Landlord shall be solely responsible (without deduction from the Landlord              Contribution or inclusion in Operating Expenses) for the cost of all permits, soft costs, and code compliance              upgrades required in connection with, or otherwise triggered by, the Landlord’s Work.                            II.    REFURBISHMENT WORK                      A.      Tenant shall  have  the  right  to  utilize  all  or  any  portion  of  the Landlord Contribution                             (defined  in  Section  IV.A  below) to  pay  for  the  cost  of  refurbishing  the  Premises  (i.e.,                             cosmetic work not requiring a building permit, e.g., paint and carpeting) (“Refurbishment                             Work”).   In  such  event, Tenant  shall  not  be  required  to  comply  with the  provisions  of                             Sections III.A (other than the second sentence thereof), B, C, E, G, I, or J.  Tenant shall                             have the right to contract for and oversee such Refurbishment Work directly, and in this                             regard, Tenant shall not be required to pay to Landlord any supervision/management fee.                              Landlord  shall  reimburse  Tenant  for the  costs  of  the  Refurbishment  Work, up  to  the                             available amount  of  the Landlord Contribution (and/or  Discretionary  Allowance,  if                             applicable) as provided in Section IV.A below.                                            B.      If,  and  to  the  extent,  Tenant  decides  to utilize the  Landlord Contribution (and/or                             Discretionary  Allowance,  if  applicable) for  the  cost  of  any Tenant  Improvements  that                             require a building permit, Tenant shall comply with the all of the provisions of Section III                             below.                            III.   ARCHITECTURAL AND CONSTRUCTION PROCEDURES.                      A.      Concurrently  with  sign-off  by  Tenant,  the  space  plans,  construction  drawings  and                             specifications for all improvements and finishes, together with any changes thereto, shall                             be submitted to Landlord (with samples as required) for review and approval by Landlord                             and  its  architect  for  the  Project. To  the  extent  applicable,  the  build-out of  the  Tenant                             Improvements shall include Landlord’s building standard tenant improvements, materials                             and specifications for the Project. Should Landlord approve work that would necessitate                             any ancillary Building modification or other expenditure by Landlord, then except to the                             extent  of  any  remaining  balance  of  the  “Landlord  Contribution”  as  described  below,                             Tenant shall, in addition to its other obligations herein, promptly fund the cost thereof to                             Landlord.                                   B.      All  construction  drawings  prepared  by  Tenant’s  architect  shall  follow  Landlord’s  CAD                             standards, which standards shall be provided to Tenant or its architect upon request.                                                        IOPLEGAL-4-44                                   8/6/18 - Lease 10779, Amendment 249685 - 2.2                                                                            1 

 

DocuSign Envelope ID: 48C8E935-A438-439F-97A1-A1DF19894B39                      C.      Landlord shall, subject to the foregoing, approve or disapprove any submittal of plans or                             specifications by Tenant within 5 business days following receipt thereof by Landlord.                                          D.      Tenant  shall  use the electrical,  mechanical,  plumbing  and fire/life safety  engineers  and                             subcontractors  designated  by  Landlord.   All  other  subcontractors  shall  be  subject  to                             Landlord’s  reasonable  approval,  and  Landlord  may  require  that any  drywall  and                             acoustical ceiling subcontractors be union contractors.                                          E.      Tenant  shall  deliver  to  Landlord  a  copy  of  the  final  application  for  permit  and  issued                             permit for the construction work.                                          F.      Tenant’s general contractor and each of its subcontractors shall comply with Landlord’s                             requirements as generally imposed on third party contractors, including without limitation                             all insurance coverage requirements and the obligation to furnish appropriate certificates                             of insurance to Landlord prior to commencement of construction.                                          G.      A  construction  schedule  shall  be  provided  to  Landlord  prior  to  commencement  of  the                             construction work, and weekly updates shall be supplied during the progress of the work.                                                  H.      Tenant  shall  give  Landlord 10 days  prior  written  notice  of  the  commencement  of                             construction so that Landlord may cause an appropriate notice of non-responsibility to be                             posted.                                          I.      Tenant  and  its  general  contractor  shall  attend  weekly  job  meetings  with Landlord’s                             construction manager for the Project.                                          J.      Upon completion of the work, Tenant shall cause to be provided to Landlord (i) as-built                             drawings  of  the  Premises  signed  by  Tenant’s  architect,  (ii) CAD  files  of  the  improved                             space compatible with Landlord’s CAD standards, (iii) a final punchlist signed by Tenant,                             (iv) final and unconditional lien waivers from all contractors and subcontractors, (v) a duly                             recorded  Notice  of  Completion  of  the  improvement  work,  and  (vi) a  certificate  of                             occupancy for the Premises (collectively, the “Close-out Package”).  Should Tenant fail                             to provide complete CAD files compatible with Landlord’s standards as required herein,                             Landlord  may  cause  its  architect  to  prepare  same  and  the  cost  thereof  shall  be                             reimbursed to Landlord by Tenant within 10 days of invoice therefor.                                          K.      The work shall be prosecuted at all times in accordance with all state, federal and local                             laws, regulations and ordinances, including without limitation all OSHA and other safety                             laws.                                          L.      All  of  the  provisions  of the Lease  shall  apply  to  any  activity  of  Tenant,  its  agents  and                             contractors, in the Premises.                                            M.      It is understood that the Tenant Improvements shall be done during Tenant’s occupancy of                             the Premises.  In this regard, Tenant agrees to assume any risk of injury, loss or damage to                             Tenant to the extent not the result of the negligence or willful misconduct or Landlord or its                             agents or contractors.  While Landlord agrees to employ construction practices reasonably                             intended to minimize disruptions to the operation of Tenant’s business in the Premises, and                             to  advise  Tenant  of  any  anticipated  disruptions,  Tenant  acknowledges  and  agrees  that                             some disruptions may occur during the course of construction of the Tenant Improvements,                             and  in  no  event  shall  rent abate  as  the  result  of  the  construction  of  the  Tenant                             Improvements.  Tenant shall pay for and cause Tenant’s furniture and other equipment to                             be moved as reasonably necessary (including disconnecting and reconnecting computers                             and telecommunications cabling equipment) so as to facilitate the Tenant Improvement.                                          N.      All  of  the  Tenant  Improvements  shall  become  the  property  of  Landlord  and  shall  be                             surrendered with the Premises at the expiration or sooner termination of the Lease, except                             that  Landlord  shall  have  the  right,  by  notice  to  Tenant  given  at  the  time  of  Landlord's                             approval of Tenant’s plans and specifications, to require Tenant either to remove all or any                             of  the  Tenant  Improvements  approved,  to  repair  any  damage  to  the  Premises  or  the                             Common Areas arising from such removal, and to replace any non-standard Improvements                             so  approved  with  the  applicable standard improvement,  or  to  reimburse  Landlord  for  the                             reasonable  cost  of  such  removal,  repair  and  replacement  upon  demand.  If  Landlord                             informs Tenant in writing that it will require Tenant to remove certain Tenant Improvements,                             Tenant  shall  be  allowed  to  revise  the space  plans  or construction  drawings  and                             specifications, as applicable, whereby Tenant eliminates or mitigates the extent to which it                             will  have  any  removal  obligations  hereunder.   Any  such  removals,  repairs  and                             replacements by Tenant shall be completed by the Expiration Date or sooner termination of                             the Lease.                                          O.      Tenant  hereby  designates Kurt  Gustafson (“Tenant’s  Construction  Representative”),                             Telephone  No.  (949) 743-9278, Email:  kurt.gustafson@sppirx.com,  as  its  representative                                           IOPLEGAL-4-44                                   8/6/18 - Lease 10779, Amendment 249685 - 2.2                                                                            2 

 

DocuSign Envelope ID: 48C8E935-A438-439F-97A1-A1DF19894B39                              and agent for all matters related to the construction of the Tenant Improvements, including                             but  not  by  way  of  limitation,  for  purposes  of  receiving  notices,  approving  submittals  and                             issuing requests for changes, and Landlord shall be entitled to rely upon authorizations and                             directives of such person(s) as if given directly by Tenant.  The foregoing authorization is                             intended to provide assurance to Landlord that it may rely upon the directives and decision                             making of the Tenant’s Construction Representative with respect to the construction of the                             Tenant Improvements and is not intended to limit or reduce Landlord’s right to reasonably                             rely upon any decisions or directives given by other officers or representatives of Tenant.                               Any notices or submittals to, or requests of, Tenant related to this Work Letter and/or the                             construction  of  the  Tenant  Improvements may  be  sent  to  Tenant’s  Construction                             Representative at the email address above provided.  Tenant may amend the designation                             of its Tenant’s Construction Representative(s) at any time upon delivery of written notice to                             Landlord.                                          Landlord shall  not  be  liable in any  way for any injury,  loss or damage which  may occur to any                     work performed by Tenant, nor shall Landlord be responsible for repairing any defective condition                     therein.                                   IV.    COST OF THE WORK                                   A.      Landlord  shall  pay  up  to  $112,560.00,  based  on  $2.00  per  rentable  square  foot  of  the                             Premises ("Landlord Contribution"), of the final “Completion Cost” (as defined below).                              Tenant  acknowledges  that  the  Landlord Contribution  is  intended  only  as  the  maximum                             amount  Landlord  will  pay  toward  approved  Tenant  Improvements and  Refurbishment                             Work (if applicable), and not by way of limitation, any partitions, modular office stations,                             fixtures, cabling, furniture and equipment requested by Tenant are in no event subject to                             payment as part of Landlord Contribution.  In the event the completion cost of the Tenant                             Improvement  Work  and  Refurbishment  Work  (if  applicable)  is  less  than  the  Landlord                             Contribution, Landlord’s actual contribution toward the completion cost shall equal such                             lesser amount, and Tenant shall have no right to receive any credit, refund or allowance                             of  any  kind  for  any  unused portion  of  the  Landlord Contribution.   In  addition, Landlord                             shall  provide  to  Tenant  an  allowance  not  to  exceed  $66,000.00  (“Discretionary                             Allowance”)  to  be  utilized  towards  (i)  out-of-pocket  expenses  incurred  by  Tenant  for                             furniture,  fixtures  and  equipment  for the  Premises,  (ii)  toward  any  portion  of  the                             completion  cost  of  the  Tenant  Improvements or  the  cost  of  the  Refurbishment Work  (if                             applicable)  that  exceeds  the  Landlord  Contribution, or  (iii) by  written  notice to  Landlord                             not  later  than  February  28,  2019, as  a  credit  applied  to  Basic  Rent  commencing  on                             June 1, 2019 until such amount is exhausted.  Tenant shall be reimbursed for expenses                             incurred  pursuant  to  item  (i)  or  toward  the  cost  of  the  Refurbishment  Work  in  the                             preceding sentence by submitting copies of all supporting third-party invoices to Landlord                             by November 30, 2019.  Tenant understands and agrees that any portion of the Landlord                             Contribution  or  Discretionary Allowance  not  utilized  by  Tenant  by December 31,  2019,                             shall  inure  to  the  benefit  of Landlord  and  Tenant  shall  not  be  entitled  to  any  credit  or                             payment.                                          B.      Landlord  shall  fund the  Landlord  Contribution  (less  deductions  for  the  above-described                             supervision fee  and charges  of  Landlord’s  architect) in installments  as  and when costs                             are  incurred  and  a  payment  request  therefor  is  submitted  by  Tenant.   Each  payment                             request shall include a copy of all supporting invoices, conditional progress payment lien                             waivers  (in  the  form  prescribed  by  the  California  Civil  Code) for  labor  and  materials                             incorporated in such payment request, unconditional lien waivers (in the form prescribed                             by the California Civil Code) for labor and materials on the basis of which payment has                             previously  been  by  Landlord,  and  pertinent  back-up  (including  copies  of  Tenant’s                             payment  checks  to  its  contractors  and  suppliers).   Landlord  shall  fund  the  payment                             request  within 30 days  following  receipt  of  the  application  and  supporting  materials;                             provided  that  a 10% retention  shall  be  held  on payments  to  Tenant  until  Landlord                             receives  the  complete  Close-out  Package.  The  remaining  balance  of  the  Landlord                             Contribution  shall  be  funded  when  Landlord  receives  the  complete  Close-out  Package.                              Prior to any payment by Landlord hereunder, Tenant shall provide to Landlord in writing                             the address to which such payment is to be delivered, together with a complete copy of                             the construction contract(s) for the Tenant Improvements.                                          C.      For  the  sake  of  clarity,  Landlord  acknowledges  and  agrees  that  Tenant  shall  have  the                             right  to  utilized  the  Landlord  Contribution  and  Discretionary  Allowance  prior  to  the                             commencement  of  the  extension  period  (which  extension  period  commences  June  1,                             2019) effected by this Amendment.                                                                                             IOPLEGAL-4-44                                   8/6/18 - Lease 10779, Amendment 249685 - 2.2                                                                            3 

 

DocuSign Envelope ID: 48C8E935-A438-439F-97A1-A1DF19894B39                                              CAMPUS OFFICE GENERIC SPECIFICATION                                                                                                  IRVINE COMPANY                                                                                                                                                                                             Schedule I                                                                                Tenant Improvement / Interior Construction Outline Specifications                                                                                             (By Tenant/Tenant Allowance)                            Note During preliminary walk throughs, construction management is to confirm re-use of existing building components and              provide direction to: 1) match existing , or 2) provide new building standard at all remodel conditions; or 3) provide upgrade to              building standard based on project team input.  Each suite to be reviewed on a case-by-case basis.                            TENANT STANDARD                        GENERAL OFFICE:          CARPET                                       Direct glue broadloom carpet.                                                                              VINYL COMPOSITION TILE (VCT)                                       12” x 12” VCT Armstrong Standard Excelon.                                                                              WALLS                                       Standard  Walls:  5/8”  gypsum  drywall  on  2-1/2”  x  25  ga.  metal  studs  16”  o.c.,  floor  to  ceiling                                       construction. No walls shall penetrate the grid unless required by code.  All walls shall be straight,                                       and parallel to building exterior walls. All offices and rooms shall be constructed of a standard size                                       and tangent to a building shell or core wall.                                                                                Exterior Walls (First Generation Only): 5/8” gypsum drywall furring on 25 ga. metal studs, with R-13                                       insulation.                                                                              PAINT                                       Paint finish, one standard color to be Benjamin Moore AC-40, Glacier White, flat finish.  Dark colors                                       subject to Landlord approval.                                                                              BASE                                       2-1/2” Burke rubber base; straight at cut pile carpet, coved at resilient flooring and loop carpet.                                                                              RUBBER TRANSITION STRIP                                       Transition  strip  between  carpet  and  resilient  flooring  to  be  Burke  #150,  color:  to  match  adjacent                                       V.C.T.                                                                              PLASTIC LAMINATE                                       Plastic laminate color at millwork: Nevamar “Smoky White”, Textured #S-7-27T.                                                                              CEILING                                       2x4 USG Radar Illusions #2842 scored ceiling tile, installed in building standard 9/16” or 15/16” T-bar                                       grid.  Continuous grid throughout.                                                                              LIGHTING                                       All spaces are to be illuminated with building standard 2 x 4 direct/indirect fixtures, approved by the                                       Landlord.                                                                              DOORS                                       1-3/4” solid core, 3’’-0” x 8’-10” plain sliced white oak, Western Integrated clear anodized aluminum                                       frames, Schlage “D” series “Sparta” latchset hardware, dull chrome finish.                                                                              OFFICE SIDELITES                                       All interior offices to have sidelite glazing adjacent to office entry door, 4’ wide x door height, Western                                       Integrated clear anodized aluminum frame integral to door frame with clear tempered glass.                                                                              WINDOW COVERINGS                                       Vertical blinds: Mariak Industries PVC blinds at building perimeter windows, Model M-3000, Color:                                       Light Grey.                                                     TENANT STANDARD                        MECHANICAL:              HVAC                                       General: Exterior  corner  spaces  with  more  than  one  exposure  shall  be  provided  with  a  separate                                       zone.  Conference Room (or Training Room) 20’ x 13’ or larger shall be provided with a separate                                       zone. Exterior zone shall be limited to a single exposure and a maximum of 750 to 1000 square feet.                                                                               Campus Office Building: Interior and Exterior zone VAV boxes shall be connected to the main supply                                       air loop.  Exterior zone VAV boxes shall be provided with two-row hot water reheat coil. Interior zone                                       shall be limited to a maximum of 2000 square feet.                                                                              Air distribution downstream of VAV boxes shall be provided complete with ductwork, 2’x2’ perforated                                       face ceiling diffusers, 2’x2’ perforated return air grilles and air balance.  All ductwork shall be sheet                                       metal constructed per SMACNA standards and insulated per the latest Title 24 requirements.                                                                              Pneumatic thermostats with blank white cover shall be provided for each zone.  Thermostats shall be                                       located adjacent to light switch  at 48” above finished floor.   When the building utilizes DDC zone                                       control, DDC system shall be Andover and installed by AAS.  DDC system shall be interfaced to the                                       existing Irvine Company network.                                                      Revised 11/10/15                                         IRVINE COMPANY OFFICE PROPERTIES                            THE SPECIFICATIONS SET FORTH IN THIS OUTLINE ARE SUBJECT TO MODIFICATION FROM TIME TO TIME AS DETERMINED TO BE NECESSARY OR APPROPRIATE                                                           BY THE LANDLORD 

 

DocuSign Envelope ID: 48C8E935-A438-439F-97A1-A1DF19894B39                                              CAMPUS OFFICE GENERIC SPECIFICATION                                                                                                  IRVINE COMPANY                                                                                                                                   Tenant Improvement / Interior Construction Outline Specifications                                                                                                           (Continued)                                                                                                                                  TENANT STANDARD                        MECHANICAL (CONTINUED):  Mid-Tech / Manufacturing Building:  Air distribution downstream of packaged rooftop units and/or split                                       system fan coil units shall be provided complete with ductwork, 2’x2’ perforated face ceiling diffusers,                                       2’x2’ perforated return air grilles and air balance.  All ductwork shall be sheet metal constructed per                                       SMACNA standards and insulated per the latest Title 24 requirements. Interior zone shall be limited                                       to a maximum of 2500 square feet.                                                                              Packaged  rooftop  units  and/or  split  system  units  shall  be  connected  to  existing  Irvine  Company                                       Energy Management System.  Thermostats shall be located adjacent to light switch at 48” above                                       finished floor.  EMS shall be Andover and installed by AAS.                                                                                New  packaged  rooftop  units  larger  than  5-ton  shall  be  provided  with  seismic  isolation  curb  with                                       minimum 1-inch spring deflection.  New packaged rooftop units larger than 6.25 ton shall be provided                                       with economizer with barometric relief damper.                                                     TENANT STANDARD FIRE                   PROTECTION:              FIRE PROTECTION                                       Pendant satin chrome plated, recessed heads, adjustable canopies, minimum K factor to be 5.62,                                       located at center of 2’ x 2’ section of scored ceiling tile.  Ceiling drops from shell supply loop.                                                     TENANT STANDARD FIRE                   SPRINKLER:               FIRE SPRINKLER                                         Hard pipe to be used. Any substitutions to be submitted for Landlord review and approval prior to                                          install.                                          Center sprinkler head in 2x2 ceiling tile.                                                     TENANT STANDARD                        ELECTRICAL:              ELECTRICAL SYSTEM                                       A  277/480  volt,  three  phase,  four  wire  tenant  metered distribution  section  will  be  added  to  main                                       service at Main Electrical Room.                                                                              Tenant  Electrical  Room,  located  within  the  lease  space,  as  directed  by  the  Landlord,  to  include                                       277/480  volt  and  120/208  volt  panels,  transformer,  lighting  control  panel,  as  required.   All  newly                                       installed  panels  and  distribution  boards  shall  have  all  branch  circuit  loads  appropriately                                       disaggregated per 2013 Title 24 requirements.                                                                              Standard tenant electrical capacity will be provided in the following capacity:                                         Lighting 277V: Minimum of 1.2 watt watts per s.f.                                         General 277V Power:  As required to accommodate tenant loads.                                         HVAC Power 277/480V:  As required to accommodate the HVAC equipment.                                         General 120/208V Power: Minimum of 8.0 watts per s.f.                                                                                LIGHTING                                       All spaces are to be illuminated with building standard 2’ x 4’, direct/indirect fixtures based on one (1)                                       fixture per 96 square feet.  All lighting in newly renovated areas (and associated existing areas with                                       renovations mandated by 2013 Title 24 requirements) are to be illuminated with building standard                                       2’x4’ direct/indirect LED 0-10V dimmable fixtures based on (1) fixture per 96 square feet.                                                                              Fixture  to  be  Focal  Point  TICLED-24-4000L-35  (FLUL-24-PS-4000L-35K-1C-VOLT-LD1-GRID                                       TYPE-EQ-WH) - All Fixtures should be ordered via Southern California Illumination, contact rep at                                       949-622-3000.                                                                              Any substitutions to these fixtures must be reviewed/approved by the Landlord.                                                                              All lighting in newly renovated areas (and associated existing areas with renovations mandated by                                       2013 Title 24 requirements) are to be controlled by 2013 Title 24 compliant digital lighting system,                                       complete with room controller capable of full range 0-10V LED dimming, occupancy sensors, daylight                                       sensors  (as  required),  and  low  voltage  digital  switches  as  required  for  each  respective  enclosed                                       space.  Locate switches at 48” to switch centerline.  Digital control system shall be by Greengate or                                       equal by Wattstopper.  Projects in excess of 10,000 square feet shall also have demand responsive                                       controls via  input  /  output  interface  at  each  room  controller  location  with  applicable  low  voltage                                       conductors routed to tenant electrical room for future connection to demand response system per                                       2013 Title 24 requirements.                                                                              Exit signs:  Internally illuminated, white sign face with green text.                                                                              OUTLETS                                       Power:  Leviton  “Decora”  style  15  /  20  amp  125-volt  specification  grade  white  duplex  receptacle                                       mounted vertically, 18” AFF to centerline, with a white plastic coverplate.                                                                              2013 Title 24 controlled receptacles are to be plug load controllable decorator receptacle, 15A, half                                       control, white in color Legrand #26252CHW. Receptacle relay shall be wired to room controller in                                       respective vicinity or enclosed space for controlled receptacle to shut off during periods of vacancy.                                                      Revised 11/10/15                                         IRVINE COMPANY OFFICE PROPERTIES                            THE SPECIFICATIONS SET FORTH IN THIS OUTLINE ARE SUBJECT TO MODIFICATION FROM TIME TO TIME AS DETERMINED TO BE NECESSARY OR APPROPRIATE                                                           BY THE LANDLORD 

 

DocuSign Envelope ID: 48C8E935-A438-439F-97A1-A1DF19894B39                                              CAMPUS OFFICE GENERIC SPECIFICATION                                                                                                  IRVINE COMPANY                                                                                                                                   Tenant Improvement / Interior Construction Outline Specifications                                                                                                           (Continued)                                                                                                                                  TENANT STANDARD                        ELECTRICAL (CONTINUED):  All furniture systems will be assumed to be a four (4) circuit / eight (8) wire configuration.  All furniture                                       system workstations are assumed to have personal computers only and will be connected at a ratio                                       of eight (8) workstations per four (4) circuit / eight (8) wire homerun.  For each four circuit homerun,                                       the  two  “general”  circuits  shall  be  controlled  circuits  per  2013  Title  24  requirements  and  shall  be                                       controlled  by  relays  connected  to  the  room  controller  in  respective  vicinity  or  enclosed  space  for                                       controlled receptacles in partitions to shut off during periods of vacancy.                                                                              All wall mounted furniture system communication feeds will be provided with (2) 1 1⁄2” conduit (non-                                      fire rated / non-insulated walls) OR (2) 1-1⁄4” conduit (fire rated / insulated walls); a 4S/DP box and a                                       double-gang mud ring in the wall.  One (1) furniture system communication feeds will be assumed to                                       be capable of providing enough cabling capacity for eight (8) workstations.                                                                              Power and Telecom Feeds to systems furniture by Tenant to be via walls, furred columns or ceiling                                       J-box.                                                                              All  wall  mounted  general  communication  outlets  in  non-fire  rated  /  non-insulated  walls  will  be                                       provided a 2-gang mud ring and a pull string in the wall.  All wall mounted communication outlets in                                       fire-rated  and  insulated  walls  will  be  provided  with  3⁄4”  conduit  (voice  and  /  or  data  only)  OR  a  1”                                       conduit (combination voice / data), stubbed into the accessible ceiling space, 4S/DP box and a single                                       gang mud ring in the wall. Cover plate, jacks and cables by tenant.                                                                              A single tenant telecom room will be provided with a single 4’ x 8’ backboard.  An empty 2” conduit                                       will be routed from this backboard to the building’s main telephone backboard.  An empty 4” conduit                                       sleeve will be stubbed into the accessible ceiling space.                                                       TENANT STANDARD                        WAREHOUSE/SHIPPING AND   FLOORS              RECEIVING (IF APPLICABLE): Sealed concrete.                                                                              WALLS                                       5/8” gypsum wallboard standard partition, height and construction subject to Landlord approval.  At                                       furred  walls,  paint  to  match  Benjamin  Moore  AC-40  Glacier  White.   Provide  rated  partition  at                                       occupancy separation, as required by code.                                                                              CEILING                                       Exposed structure, non-painted.                                                                                                                     WINDOWS                                       None.                                                                              ACCESS                                       7’-6” H x 7’-6” W glazed service doors.  Glazing is bronze reflective glass.                                                                              HVAC                                       None.                                                                              PLUMBING                                       Single accommodation restroom, if required.                                                                              Sheet vinyl flooring to be Armstrong Classic Corlon “Seagate”  #86526 Oyster, with Smooth White                                       FRP  panel  wainscot  to  48”  high.   Painted  walls  and  ceiling  to  be  Benjamin  Moore  AC-40  Glacier                                       White, semi-gloss finish.                                                                              LIGHTING                                       T5 High Bay, 2 x 4 fixtures.                                                                              OTHER ELECTRICAL                                       Convenience outlets; surface mounted at exposed concrete walls.                                                                              SECURITY                                       Lockable doors.                                                                                   Revised 11/10/15                                         IRVINE COMPANY OFFICE PROPERTIES                            THE SPECIFICATIONS SET FORTH IN THIS OUTLINE ARE SUBJECT TO MODIFICATION FROM TIME TO TIME AS DETERMINED TO BE NECESSARY OR APPROPRIATE                                                           BY THE LANDLORD

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