Document:

Exhibit 4.1

 

	
COMMON SHARES
    	
 
    	
COMMON SHARES
    
	
 
    	
 
    	
 
    
	
PAR VALUE US$0.001 per share
    	
 
    	
THE SHARES REPRESENTED BY THIS
    
	
 
    	
 
    	
CERTIFICATE ARE TRANSFERABLE IN
    
	
 
    	
 
    	
CANTON, MA, JERSEY CITY, NJ AND
    
	
 
    	
 
    	
COLLEGE STATION, TX
    
	
 
    	
 
    	
 
    
	
Certificate
    	
 
    	
Shares
    
	
Number
    	
 
    	
 
    
				

 

GEOPARK LTD

INCORPORATED UNDER THE LAWS OF BERMUDA

 

THIS CERTIFIES THAT

	
 
    	
CUSIP
    
	
 
    	
SEE REVERSE FOR CERTAIN   DEFINITIONS
    

 

is the registered holder of

 

FULLY-PAID AND NON-ASSESSABLE COMMON SHARES, PAR VALUE US $0.001 PER SHARE, OF

 

GeoPark LTD (hereinafter called the “Company”), transferable on the books of the Company in person or by duly authorized attorney, upon surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby, are issued and shall be held subject to all of the provisions of the Memorandum of Association, as amended, and the Bye-Laws, as amended, of the Company (copies of which are on file with the Company and with the Transfer Agent), to all of which each holder, by acceptance hereof, assents. This Certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar.

 

Witness the facsimile seal of the Company and the facsimile signatures of its duly authorized officers.

 

	
 
    	
 
    	
DATED
    
	
 
    	

    	
 
    

 

 

	
FACSIMILE SIGNATURE TO COME
    	
 
    	
COUNTERSIGNED   AND REGISTERED:
    
	
 
    	
 
    	
COMPUTERSHARE   TRUST COMPANY, N.A.
    
	
Chief Executive Officer
    	
 
    	
TRANSFER   AGENT AND REGISTRAR,
    

 

2003

BERMUDA

 

	
FACSIMILE SIGNATURE TO COME
    	
 
    	
 
    
	
 
    	
 
    	
By
    	
 
    
	
Secretary
    	
 
    	
 
    	
AUTHORIZED SIGNATURE
    

 

 

GEOPARK LTD

 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

 

	
TEN   COM
    	
-   as tenants in common
    	
UNIF GIFT MIN ACT -
    	
 
    	
Custodian
    	
 
    
	
 
    	
 
    	
 
    	
(Cust)
    	
 
    	
(Minor)
    
	
TEN   ENT
    	
-   as tenants by the entireties
    	
 
    	
under   Uniform Gifts to Minors Act
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
(State)
    
	
JT   TEN
    	
- as joint tenants with right of survivorship and   not as tenants in common
    	
UNIF   TRF MIN ACT -
    	
 
    	
Custodian   (until age              )
    
	
(Cust)
    
	
 
    	
 
    	
 
    	
 
    	
under Uniform Transfers to Minors Act
    	
 
    
	
 
    	
 
    	
 
    	
(Minor)
    	
 
    	
(State)
    
											

 

Additional abbreviations may also be used though not in the above list.

 

THE COMPANY WILL FURNISH WITHOUT CHARGE TO EACH REGISTERED HOLDER WHO SO REQUESTS, A SUMMARY OF THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF SHARES OF THE COMPANY AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND RIGHTS, AND THE VARIATIONS IN RIGHTS, PREFERENCES AND LIMITATIONS DETERMINED FOR EACH SERIES, WHICH ARE FIXED BY THE MEMORANDUM OF ASSOCIATION OF THE COMPANY, AS AMENDED, AND THE RESOLUTIONS OF THE SHAREHOLDERS AND THE BOARD OF DIRECTORS OF THE COMPANY, AND THE AUTHORITY OF THE BOARD OF DIRECTORS AND THE SHAREHOLDERS TO DETERMINE VARIATIONS FOR FUTURE SERIES. SUCH REQUEST MAY BE MADE TO THE OFFICE OF THE SECRETARY OF THE COMPANY OR TO THE TRANSFER AGENT. THE BOARD OF DIRECTORS MAY REQUIRE THE REGISTERED HOLDER OF A LOST OR DESTROYED SHARE CERTIFICATE, OR HIS LEGAL REPRESENTATIVES, TO GIVE THE COMPANY A BOND TO INDEMNIFY IT AND ITS TRANSFER AGENTS AND REGISTRARS AGAINST ANY CLAIM THAT MAY BE MADE AGAINST THEM ON ACCOUNT OF THE ALLEGED LOSS OR DESTRUCTION OF ANY SUCH CERTIFICATE.

 

	
PLEASE INSERT SOCIAL   SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE
    

 

For value received,                                                         hereby sell, assign and transfer unto

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE)

 

                                                                                                                                                                                 Shares of the common shares represented by the within Certificate, and do hereby irrevocably constitute and appoint

                                                                                                                                                                                 Attorney to transfer the said shares on the books of the within-named Company with full power of substitution in the premises.

 

	
Dated:                                                                                       20    
    	
 
    	
Signature(s) Guaranteed: Medallion Guarantee Stamp
    
	
 
    	
 
    	
THE   SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION   (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions) WITH   MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO   S.E.C. RULE 17Ad-15.
    
	
 
    	
 
    	
 
    
	
Signature:
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Signature:
    	
 
    	
 
    	
 
    
	
 
    	
Notice:
    	
The   signature to this assignment must correspond with the name as written upon   the face of the certificate, in every particular, without alteration or   enlargement, or any change whatever.Exhibit 4.1

	
  

  	
  NUMBER SHARES DATED: COUNTERSIGNED: BROADRIDGE CORPORATE ISSUER
  SOLUTIONS, INC. 1717 ARCH ST., STE. 1300, PHILADELPHIA, PA 19103 TRANSFER
  AGENT BY: AUTHORIZED SIGNATURE THIS CERTIFIES THAT: IS THE OWNER OF PROOF
  INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE transferable on the
  books of the Corporation by the holder thereof in person or by duly
  authorized attorney upon surrender of this certificate duly endorsed or
  assigned. This certificate and the shares represented hereby are subject to
  the laws of the State of Delaware, and to the Certificate of Incorporation
  and Bylaws of the Corporation, as now or hereafter amended. This certificate
  is not valid until countersigned by the Transfer Agent. WITNESS the facsimile
  seal of the Corporation and the facsimile signatures of its duly authorized
  officers. C O M M O N S T O C K CUSIP 28226B 10 4 SEE REVERSE FOR CERTAIN
  DEFINITIONS EGALET CORPORATION SECRETARY PRESIDENT AND CHIEF EXECUTIVE
  OFFICER FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF $.001 PAR
  VALUE EACH OF EGALET CORPORATION 

  

 

	
  

  	
  The following abbreviations, when used in the inscription on the
  face of this certificate, shall be construed as though they were written out
  in full according to applicable laws or regulations: TEN COM - as tenants in
  common UNIF GIFT MIN ACT - Custodian TEN ENT - as tenants by the entireties
  (Cust) (Minor) JT TEN - as joint tenants with right of under Uniform Gifts to
  Minors survivorship and not as tenants Act in common (State) Additional
  abbreviations may also be used though not in the above list. For Value
  Received, _____________________ hereby sell, assign and transfer unto PLEASE
  INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE (PLEASE PRINT
  OR TYPE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) Shares of the
  stock represented by the within Certificate, and do hereby irrevocably
  constitute and appoint Attorney to transfer the said stock on the books of
  the within named Corporation with full power of substitution in the premises.
  Dated NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME
  AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT
  ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. COLUMBIA FINANCIAL
  PRINTING CORP. - www.stockinformation.com THE CORPORATION WILL FURNISH TO ANY
  STOCKHOLDER, UPON REQUEST AND WITHOUT CHARGE, A FULL STATEMENT OF THE
  DESIGNATIONS, RELATIVE RIGHTS, PREFERENCES AND LIMITATIONS OF THE SHARES OF
  EACH CLASS AND SERIES AUTHORIZED TO BE ISSUED, SO FAR AS THE SAME HAVE BEEN
  DETERMINED, AND OF THE AUTHORITY, IF ANY, OF THE BOARD TO DIVIDE THE SHARES
  INTO CLASSES OR SERIES AND TO DETERMINE AND CHANGE THE RELATIVE RIGHTS,
  PREFERENCES AND LIMITATIONS OF ANY CLASS OR SERIES. SUCH REQUEST MAY BE MADE
  TO THE SECRETARY OF THE CORPORATION OR TO THE TRANSFER AGENT NAMED ON THIS
  CERTIFICATE. THE SIGNATURE TO THE ASSIGNMENT MUST CORRESPOND TO THE NAME AS
  WRITTEN UPON THE FACE OF THIS CERTIFICATE IN EVERY PARTICULAR, WITHOUT
  ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY
  A COMMERCIAL BANK OR TRUST COMPANY OR A MEMBER FIRM OF A NATIONAL OR REGIONAL
  OR OTHER RECOGNIZED STOCK EXCHANGE IN CONFORMANCE WITH A SIGNATURE GUARANTEE
  MEDALLION PROGRAM.Exhibit 10.10

 

	
  

  	
  LEASE AGREEMENT LIBERTY PROPERTY LIMITED PARTNERSHIP

  Landlord AND EGALET, LTD.

  Tenant AT 460 East Swedesford Road

  Wayne, Pennsylvania 19087  

  

 

	
  

  	
  LEASE AGREEMENT INDEX § Section Page 1. Basic Lease Terms and Definitions 1 2.
  Premises 2 3. Use 2 4. Term; Possession 2 5. Rent; Taxes 2 6. Operating
  Expenses 2 7. Services 2 8. Insurance; Waivers; Indemnification 3 9.
  Maintenance and Repairs 3 10. Compliance 4 11. Signs 4 12. Alterations 4 13.
  Mechanics’ Liens 5 14. Landlord’s Right to Relocate Tenant; Right of Entry 5
  15. Damage by Fire or Other Casualty 5 16. Condemnation 5 17. Quiet Enjoyment
  5 18. Assignment and Subletting 6 19. Subordination; Mortgagee’s Rights 6 20.
  Tenant’s Certificate; Financial Information 6 21. Surrender 7 22. Defaults -
  Remedies 7 23. Tenant’s Authority 9 24. Liability of Landlord 9 25.
  Miscellaneous 9 26. Notices 10 27. Security Deposit 10 Rider 1 Additional
  Definitions Rider 1 — I Rider 2  Section
  28 — Landlord’s Work. Rider 2 — 1 Section 29 — Secuirty
  Rider 2 — 1 Section 30 — Broker Rider 2 — 1 

  

 

	
  

  	
  THIS LEASE
  AGREEMENT is made by and between LIBERTY PROPERTY LIMITED PARTNERSHIP, a
  Pennsylvania limited partnership (“Landlord”) and EGALET, LTD., a limited
  company organized under the laws of the United Kingdom (“Tenant”), and is
  dated as of the date on which this Lease has been fully executed by Landlord
  and Tenant. 1. Basic Lease Terms and Definitions. (a) Premises: Suite 1050,
  as shown on Exhibit “A”, consisting of 3,190 rentable square feet. (b)
  Building: 71,739 rentable square feet Address: 460 E. Swedesford Road, Wayne,
  Pennsylvania 19087 (c) Term: Thirty-Six (36) months (plus any partial month
  from the Commencement Date until the first day of the next full calendar
  month during the Term). (d) Commencement Date: November 1, 2013, or the date
  Tenant takes possession of the Premises and commences business operations, if
  earlier (e) Expiration Date: The last day of the Term. (f) Minimum Annual
  Rent: Payable in monthly installments as follows: Lease Period $/RSF Rate Annual
  Basis Monthly Installment Months 1 – 12 $12.50 $39,875.00 $3,322.92 Months 13
  – 24 $13.00 $41,470.00 $3,455.83 Months 25 – 36 $13.50 $43,065.00 $3,588.75
  (g) Annual Operating Expenses: $33,016.50, payable in monthly installments of
  $2,751.38, subject to adjustment as provided in this Lease. (h) Tenant’s
  Share: 4.45% (also see Definitions) (i) Use: General office. (j) Security
  Deposit: $6,074.30 (k) Addresses For Notices: Landlord: Liberty Property
  Limited Partnership Tenant: Before the Commencement Date: 500 Chesterfield
  Parkway Malvern, PA 19355 Attention: Senior Vice President/City Manager On or
  after the Commencement Date: Premises (l) Guarantor: N/A (m) Additional
  Defined Terms: See Rider 1 for the definitions of other capitalized terms.
  (n) Contents: The following are attached to and made a part of this Lease:
  Rider 1 – Additional Definitions Exhibits: “A” – Plan showing Premises Rider
  2 – Sections 28 – 30 “B” – Building Rules “C” – Estoppel Certificate Form “D”
  – Cleaning Schedule 

  

 

	
  

  	
  2. Premises.
  Landlord leases to Tenant and Tenant leases from Landlord the Premises,
  together with the right in common with others to use the Common Areas. Tenant
  accepts the Premises, Building and Common Areas “AS IS”, without relying on
  any representation. covenant or warranty by Landlord other than as expressly
  set forth in this Lease. Landlord and Tenant (a) acknowledge that all square
  foot measurements are approximate and (b) stipulate and agree to the rentable
  square footages set forth in Sections 1(a) and (b) above for all purposes
  with respect to this Lease. 3. Use. Tenant shall occupy and use the Premises
  only for the Use specified in Section I above. Tenant shall not permit

  any conduct or condition which may endanger, disturb or otherwise interfere
  with any other Building occupant’s normal operations or with the management
  of the Building. Tenant may use all Common Areas only for their intended
  purposes. Landlord shall have exclusive control of all Common Areas at all
  times. 4. Term; Possession.
  The Term of this Lease shall commence on the Commencement Date and shall end
  on the Expiration

  Date, unless sooner terminated in accordance with this Lease. If Landlord is
  delayed in delivering possession of all or any portion of the Premises to
  Tenant as of the Commencement Date, Tenant will take possession on the date
  Landlord delivers possession. which date will then become the Commencement
  Date (and the Expiration Date will be extended so that the length of the Term
  remains unaffected by such delay). Landlord shall not be liable for any loss
  or damage to Tenant resulting from any delay in delivering possession due to
  the holdover of any existing tenant or other circumstances outside of
  Landlord’s reasonable control. 5.
  Rent; Taxes. Tenant agrees to pay to Landlord, without demand,
  deduction or offset, Minimum Annual Rent and

  Annual Operating Expenses for the Term. Tenant shall pay the Monthly Rent, in
  advance, on the first day of each calendar month during the Term, at
  Landlord’s address designated in Section 1 above unless Landlord designates
  otherwise; provided that Monthly Rent for the first full month shall be paid
  at the signing of this Lease. If the Commencement Date is not the first day
  of the month, the Monthly Rent for that partial month shall be apportioned on
  a per diem basis and shall be paid on or before the Commencement Date. Tenant
  shall pay Landlord a service and handling charge equal to 5% of any Rent not
  paid within 5 days after the date due. In addition, any Rent, including such
  charge, not paid within 5 days after the due date will bear interest at the
  Interest Rate from the date due to the date paid. Tenant shall pay before
  delinquent all taxes levied or assessed upon, measured by, or arising from:
  (a) the conduct of Tenant’s business: (b) Tenant’s leasehold estate; or (c)
  Tenant’s property. Additionally, Tenant shall pay to Landlord all sales, use,
  transaction privilege, or other excise tax that may at any time be levied or
  imposed upon, or measured by, any amount payable by Tenant under this Lease. 6. Operating Expenses. The amount of
  the Annual Operating Expenses set forth in Section 1(g) above represents

  Tenants Share of the estimated Operating Expenses for the calendar year in
  which the Term commences. Landlord may adjust such amount from time to time
  if the estimated Annual Operating Expenses increase or decrease; Landlord may
  also invoice Tenant separately from time to time for Tenant’s Share of any
  extraordinary or unanticipated Operating Expenses. By April 30111 of each
  year (and as soon as practical after the expiration or termination of this
  Lease or, at Landlord’s option, after a sale of the Property). Landlord shall
  provide Tenant with a statement of Operating Expenses for the preceding
  calendar year or part thereof. Within 30 days after delivery of the statement
  to Tenant. Landlord or Tenant shall pay to the other the amount of any
  overpayment or deficiency then due from one to the other or. at Landlord’s
  option, Landlord may credit Tenant’s account for any overpayment. If Tenant
  does not give Landlord notice within 30 days after receiving Landlord’s
  statement that Tenant disagrees with the statement and specifying the items
  and amounts in dispute, Tenant shall be deemed to have waived the right to
  contest the statement. Landlord’s and Tenant’s obligation to pay any
  overpayment or deficiency due the other pursuant to this Section shall
  survive the expiration or termination of this Lease. Notwithstanding any
  other provision of’ this Lease to the contrary. Landlord may, in its
  reasonable discretion, determine from time to time the method of computing
  and allocating Operating Expenses. including the method of allocating
  Operating Expenses to various types of space within the Building to reflect
  any disparate levels of services provided to different types of space._ If
  the Building is not fully occupied during any period. Landlord may make a
  reasonable adjustment based on occupancy in computing the Operating Expenses
  for such period so that Operating Expenses are computed as though the
  Building had been fully occupied._ 7. Services. Landlord will furnish the
  following services for the normal use and occupancy of the Premises for
  general

  office purposes: (i) electricity. (ii) heating and air conditioning in season
  during Normal Business Hours, (iii) water, (iv) trash removal and janitorial
  services pursuant to the cleaning schedule attached as Exhibit “D” and (v) such other
  services Landlord reasonably determines are appropriate or necessary. If Tenant requests, and if Landlord
  is able to furnish, services in addition to those identified above, including
  heating or air conditioning outside of Normal Business Hours, Tenant shall
  pay Landlord’s reasonable charge for such supplemental services. If because
  of Tenant’s density. equipment or other Tenant circumstances, Tenant puts
  demands on the Building Systems in excess of those of the typical office user
  in the Building, Landlord may install supplemental equipment and meters at
  Tenant’s expense. Landlord shall not be responsible or liable for any interruption in such services, nor shall such
  interruption affect the continuation or validity of this Lease. Landlord
  shall have the exclusive right to select, and to change, the companies
  providing such services to the Building or Premises. Any wiring, cabling or other
  equipment necessary to connect Tenant’s telecommunications equipment shall be
  Tenant’s responsibility, and shall be installed in a manner 2 

  

 

	
  

  	
  approved by
  Landlord. In the event Tenant’s consumption of any utility or other service
  included in Operating Expenses is excessive
  when compared with other occupants of the Property, Landlord may invoice
  Tenant separately for, and Tenant shall pay on demand, the cost of Tenant’s
  excessive consumption. as reasonably determined by Landlord. 8. Insurance; Waivers;
  Indemnification. (a) Landlord shall maintain insurance against loss or damage
  to the Building or the Property with coverage for perils as set forth under
  the “Causes of Loss-Special Form” or equivalent property insurance policy in
  an amount equal to the full insurable replacement cost of the Building
  (excluding coverage of Tenant’s personal property and any Alterations by
  Tenant), and such other insurance, including rent loss coverage, as Landlord
  may reasonably deem appropriate or as any Mortgagee may require. (b) Tenant,
  at its expense. shall keep in effect commercial general liability insurance,
  including blanket contractual liability insurance, covering Tenant’s use of
  the Property. with such coverages and limits of liability as Landlord may
  reasonably require, but not less than a $1,000.000 combined single limit with
  a $3,000,000 general aggregate limit (which general aggregate limit may be
  satisfied by an umbrella liability policy) for bodily injury or property
  damage; however, such limits shall not limit Tenant’s liability hereunder.
  The policy shall name Landlord. Liberty Property Trust and any other
  associated or affiliated entity as their interests may appear and at
  Landlord’s request. any Mortgagee(s), as additional insureds, shall be
  written on an “occurrence” basis and not on a “claims made” basis and shall
  be endorsed to provide that it is primary to and not contributory to any
  policies carried by Landlord and to provide that it shall not be cancelable
  or reduced without at least 30 days prior notice to Landlord. The insurer
  shall be authorized to issue such insurance, licensed to do business and
  admitted in the state in which the Property is located and rated at least A
  VII in the most current edition of Best’s
  Insurance Reports. Tenant shall deliver to Landlord on or before the
  Commencement Date or any earlier date on which Tenant accesses the Premises,
  and at least 30 days prior to the date of each policy renewal, a certificate
  of insurance evidencing such coverage. (c) Landlord and Tenant each waive.
  and release each other from and against, all claims for recovery against the
  other for any loss or damage to the property of such party arising out of
  fire or other casualty coverable by a standard “Causes of Loss-Special Form”
  property insurance policy with, in the case of Tenant, such endorsements and
  additional coverages as are considered good business practice in Tenant’s
  business, even if such loss or damage shall be brought about by the fault or
  negligence of the other party or its Agents; provided, however, such waiver
  by Landlord shall not be effective with respect to Tenant’s liability
  described in Sections 9(b) and l0(d) below. This waiver and release is
  effective regardless of whether the releasing party actually maintains the
  insurance described above in this subsection and is not limited to the amount
  of insurance actually carried, or to the actual proceeds received after a
  loss. Each party shall have its insurance company that issues its property
  coverage waive any rights of subrogation, and shall have the insurance
  company include an endorsement acknowledging this waiver, if necessary.
  Tenant assumes all risk of damage of Tenant’s property within the Property.
  including any loss or damage caused by water leakage, fire. windstorm. explosion,
  theft, act of any other tenant. or other cause. (d) Tenant shall not be
  permitted to satisfy any of its insurance obligations set forth in this Lease
  through any self- insurance or self-insured retention in excess of $25,000.
  (e) Subject to subsection (c) above, and except to the extent caused by the
  negligence or willful misconduct of Landlord or its Agents, Tenant will
  indemnify, defend, and hold harmless Landlord and its Agents from and against
  any and all claims, actions, damages, liability and expense (including fees
  of attorneys, investigators and experts) which may be asserted against,
  imposed upon. or incurred by Landlord or its Agents and arising out of or in
  connection with loss of life, personal injury or damage to property in or
  about the Premises or arising Out of the occupancy or use of the Property by
  Tenant or its Agents or occasioned wholly or in part by any act or omission
  of Tenant or its Agents, whether prior to, during or after the Term. Tenant’s
  obligations pursuant to this subsection shall survive the expiration or
  termination of this Lease. 9. Maintenance
  and Repairs. (a) Landlord shall Maintain the Building, including the
  Premises, the Common Areas, the Building. Systems and

  any other improvements owned by Landlord located on the Property. If Tenant
  becomes aware of any condition that is Landlord’s responsibility to repair.
  Tenant shall promptly notify Landlord of the condition. Moreover, regardless
  of who bears responsibility for repair, Tenant shall immediately notify
  Landlord if Tenant becomes aware of any areas of water intrusion or mold
  growth in or about the Premises. (b) Tenant at its sole expense shall keep
  the Premises in a neat and orderly condition. Alterations, repairs and
  replacements to the Property, including the Premises, made necessary because
  of tenant’s Alterations or installations, any use or 3 

  

 

	
  

  	
  circumstances
  special or particular to Tenant. or any act or omission of Tenant or its
  Agents shall he made at the sole expense of Tenant to the extent not covered
  by any applicable insurance proceeds paid to Landlord. 10. Compliance. (a) Tenant will, at
  its expense, promptly comply with all Laws now or subsequently pertaining to
  the Premises or Tenant’s use or occupancy. Tenant will pay any taxes or other
  charges by any authority on Tenant’s property or trade fixtures or relating
  to Tenant’s use of the Premises. Neither Tenant nor its Agents shall use the
  Premises in any manner that under any Law would require Landlord to make any
  Alteration to or in the Building or Common Areas (without limiting the
  foregoing, Tenant shall not use the Premises in any manner that would cause
  the Premises or the Property to be deemed a “place of public accommodation”
  under the ADA if such use would require any such Alteration). Tenant shall be
  responsible for compliance with the ADA, and any other Laws regarding
  accessibility, with respect to the Premises. (b) Tenant will comply, and will
  cause its Agents to comply, with the Building Rules. Landlord may adopt and
  Tenant shall comply with reasonable rules and regulations to promote energy
  efficiency, sustainability and environmental standards for the Property, as
  the same may he changed from time to time upon reasonable notice to Tenant.
  (c) Tenant agrees not to do anything or fail to do anything which will
  increase the cost of Landlord’s insurance or which will prevent Landlord from
  procuring policies (including public liability) from companies and in a form
  satisfactory to Landlord. If any breach of the preceding sentence by Tenant
  causes the rate of tire or other insurance to be increased, Tenant shall pay
  the amount of such increase as additional Rent within 30 days after being
  billed. (d) Tenant agrees that (i) no activity will be conducted on the
  Premises that will use or produce any Hazardous Materials, except for
  activities which are part of the ordinary course of Tenant’s business and are
  conducted in accordance with all Environmental Laws (“Permitted Activities”);
  (ii) the Premises will not be used for storage of any Hazardous Materials,
  except for materials used in the Permitted Activities which are properly
  stored in a manner and location complying with all Environmental Laws: (iii)
  no portion of the Premises or Property will he used by Tenant or Tenant’s
  Agents for disposal of Hazardous Materials; (iv) Tenant will deliver to
  Landlord copies of all Material Safety Data Sheets and other written
  information prepared by manufacturers, importers or suppliers of any
  chemical; and (v) Tenant will immediately notify Landlord of any violation by
  Tenant or Tenant’s Agents of any Environmental Laws or the release or
  suspected release of Hazardous Materials in, under or about the Premises, and
  Tenant shall immediately deliver to Landlord a copy of any notice, filing or
  permit sent or received by Tenant with respect to the foregoing. If at any
  time during or after the Term, any portion of the Property is found to be
  contaminated by Tenant or Tenant’s Agents or subject to conditions prohibited
  in this Lease caused by Tenant or Tenant’s Agents. Tenant will indemnify,
  defend and hold Landlord harmless from all claims, demands, actions,
  liabilities, costs, expenses, attorneys’ fees, damages and obligations of any
  nature arising from or as a result thereof, and Landlord shall have the right
  to direct remediation activities, all of which shall be performed at Tenant’s
  cost. Tenant’s obligations pursuant to this subsection shall survive the
  expiration or termination of this Lease. 11. Signs. Landlord will furnish Tenant building standard
  identification signage on the interior Building directory, if applicable, and
  on or beside the main entrance door to the Premises. Tenant shall not place
  any signs on the Property without the prior consent of Landlord, other than
  signs that are located wholly within the interior of the Premises and not
  visible from the exterior of the Premises. Tenant shall maintain all signs
  installed by Tenant in good condition. Tenant shall remove its signs at the
  termination of this Lease, shall repair any resulting damage, and shall restore
  the Property to its condition existing prior to the installation of Tenant’s
  signs. 12. Alterations. Except
  for non-structural Alterations that (i) do not exceed S5.000 in the
  aggregate, (ii) are not visible from the exterior of the Premises. (iii) do
  not affect any Building System or the structural strength of the Building,
  (iv) do not require penetrations into the floor, ceiling or walls, and (v) do
  not require work within the walls, below the floor or above the ceiling.
  Tenant shall not make or permit any Alterations in or to the Premises without
  first obtaining Landlord’s consent. which consent shall not be unreasonably
  withheld. With respect to any Alterations made by or on behalf of Tenant
  (whether or not the Alteration requires Landlord’s consent): (i) not less
  than 10 days prior to commencing any Alteration, Tenant shall deliver to
  Landlord the plans, specifications and necessary permits for the Alteration,
  together with certificates evidencing that Tenant’s contractors and
  subcontractors have adequate insurance coverage naming Landlord. Liberty
  Property Trust and any other associated or affiliated entity as their
  interests may appear as additional insureds, (ii) Tenant shall obtain
  Landlord’s prior written approval of any contractor or subcontractor. (iii)
  the Alteration shall be constructed with new materials, in a good and
  workmanlike manner, and in compliance with all Laws and the plans and
  specifications delivered to, and. if required above. approved by Landlord.
  (iv) the Alteration shall be performed in accordance with Landlord’s reasonable requirements relating to
  sustainability and energy efficiency. (v) Tenant shall pay Landlord all
  reasonable costs and expenses in connection with Landlord’s review of
  Tenant’s plans and specifications. and of any supervision or inspection of
  the construction Landlord deems 4 

  

 

	
  

  	
  necessary, and
  (vi) upon Landlord’s request Tenant shall, prior to commencing any
  Alteration, provide Landlord reasonable security against liens arising out of
  such construction. Any Alteration by shall be the property of Tenant until
  the expiration or termination of this Lease; at that time without payment by
  Landlord the Alteration shall remain on the Property and become the property
  of Landlord unless Landlord gives notice to Tenant to remove it. in which
  event Tenant will remove it, will repair any resulting damage and will
  restore the Premises to the condition existing prior to Tenant’s Alteration.
  At Tenant’s request prior to Tenant making any Alterations, Landlord will
  notify Tenant whether Tenant is required to remove the Alterations at the
  expiration or termination of this Lease. Tenant may install its trade
  fixtures. furniture and equipment in the Premises, provided that the
  installation and removal of them will not affect any structural portion of
  the Property, any Building System or any other equipment or facilities
  serving the Building or any occupant. 13.
  Mechanics’ Liens. Tenant promptly shall pay for any labor, services,
  materials, supplies or equipment furnished to Tenant in or about the
  Premises. Tenant shall keep the Premises and the Property free from any liens
  arising out of any labor, services, materials, supplies or equipment
  furnished or alleged to have been furnished to Tenant. Tenant shall take all
  steps permitted by law in
  order to avoid the imposition of any such lien. Should any such lien or
  notice of such lien be filed against the Premises or the Property. Tenant
  shall discharge the same by bonding or otherwise within 20 days after Tenant
  has notice that the lien or claim is filed regardless of the validity of such
  lien or claim. 14. Landlord’s Right
  to Relocate Tenant: Right of Entry. (a) Landlord may relocate Tenant
  from the Premises to comparable space in the Building as reasonably
  determined by Landlord. Landlord will give Tenant at least 60 days advance
  notice of relocation and will pay for all reasonable costs: (a) of preparing
  and decorating the new premises so that they will he substantially similar to
  the Premises, (b) of moving Tenant’s furniture and equipment to the new
  premises (including Tenant’s data and communication wiring and cabling), and
  (c) incurred and documented by Tenant in notifying its clients of such
  relocation, obtaining new letterhead and business cards, and other incidental
  expenses related directly to Tenant’s relocation. Such a relocation shall not
  terminate, modify or otherwise affect this lease except that “Premises” shall
  refer to the relocation space rather than the old location identified in
  Section 1(a). (b) Tenant shall permit Landlord and its Agents to enter the
  Premises at all reasonable times following reasonable notice (except in an
  emergency) to inspect. Maintain, or make Alterations to the Premises or
  Property, to exhibit the Premises for the purpose of sale or financing, and.
  during the last 12 months of the Term. to exhibit the Premises to any
  prospective tenant. Landlord will make reasonable efforts not to
  inconvenience Tenant in exercising such rights, but Landlord shall not be
  liable for any interference with Tenant’s occupancy resulting from Landlord’s
  entry. 15. Damage by Fire or Other Casualty. If the
  Premises or Common Areas shall be damaged or destroyed by fire or other
  casualty, Tenant shall promptly notify Landlord. and Landlord, subject to the
  conditions set forth in this Section. shall repair such damage and restore
  the Premises or Common Areas to substantially
  the same condition in which they were immediately prior to such damage
  or destruction, but not including the repair, restoration or replacement of
  the fixtures, equipment. or Alterations installed by or on behalf of Tenant.
  Landlord shall notify Tenant, within 30 days after the date of the casualty.
  if Landlord anticipates that the restoration will take more than ISO days
  from the date of the casualty to complete;
  in such event, either Landlord or Tenant (unless the damage was caused by
  Tenant) may terminate this Lease effective as of the date of casualty by
  giving notice to the other within 10 days after Landlord’s notice. If a
  casualty occurs during the last 12 months of the Term. Landlord may terminate
  this Lease unless Tenant has the right to extend the Term for at least 3 more
  years and does so within 30 days after the date of the casualty. Moreover.
  Landlord may terminate this Lease if the loss is not covered by the insurance
  required to be maintained by Landlord under this Lease. Tenant will receive
  an abatement of Minimum Annual Rent and Annual Operating Expenses to the
  extent the Premises are rendered untenantable as a result of the casualty. 16. Condemnation. If (a) all of the
  Premises are Taken. (b) any part of the Premises is Taken and the remainder
  is insufficient in Landlord’s opinion for the reasonable operation of
  Tenant’s business. or (c) any of the Property is Taken, and, in Landlord’s
  opinion, it would be
  impractical or the condemnation proceeds are insufficient to restore the
  remainder, then this Lease shall terminate as of the date the condemning
  authority takes possession. If this Lease is not terminated, Landlord shall
  restore the Building to a condition as near as reasonably possible to the
  condition prior to the Taking, the Minimum Annual Rent shall be abated for
  the period of time all or a part of the Premises is untenantable in
  proportion to the square foot area untenantable, and this Lease shall be
  amended appropriately. The compensation awarded for a Taking shall belong to
  Landlord. Except for any relocation benefits to which Tenant may be entitled.
  Tenant hereby assigns all claims against the condemning authority to
  Landlord, including, but not limited to. any claim relating to Tenant’s
  leasehold estate. 17. Quiet
  Enjoyment. Landlord covenants that Tenant. upon performing all of its
  covenants, agreements and conditions of this Lease, shall have quiet and
  peaceful possession of the Premises as against anyone claiming by or through
  Landlord, subject. however, to the terms of this Lease. 

  

 

	
  

  	
  18. Assignment
  and Subletting. (a) Except as provided in Section (b) below, Tenant shall not
  enter into nor permit any Transfer voluntarily or by operation of law,
  without the prior consent of Landlord. which consent shall not be
  unreasonably withheld. Without limitation, Tenant agrees that Landlord’s
  consent shall not be considered unreasonably withheld if (i) the proposed
  transferee is an existing tenant of Landlord or an affiliate of Landlord,
  (ii) the business, business reputation, or creditworthiness of the proposed
  transferee is unacceptable to Landlord, (iii) Landlord or an affiliate of
  Landlord has comparable space available for lease by the proposed transferee
  or (iv) Tenant is in default under this Lease or any act or omission has
  occurred which would constitute a default with the giving of notice and/or
  the passage of time. A consent to one Transfer shall not be deemed to be a
  consent to any subsequent Transfer. In no event shall any Transfer relieve
  Tenant from any obligation under this Lease. Landlord’s acceptance of Rent
  from any person shall not be deemed to be a waiver by Landlord of any
  provision of this Lease or to be a consent to any Transfer. Any Transfer not
  in conformity with this Section IS shall be void at the option of Landlord.
  (b) Landlord’s consent shall not be required in the event of any Transfer by
  Tenant to an Affiliate provided that (i) the Affiliate has the financial wherewithal
  to perform all of Tenant’s obligations under this Lease, (ii) Tenant provides
  Landlord notice of the Transfer at least 15 days prior to the effective date,
  together with current financial statements of the Affiliate certified by an
  executive officer of the Affiliate. and (iii) in the case of an assignment or
  sublease, Tenant delivers to Landlord an assumption agreement reasonably
  acceptable to Landlord executed by Tenant and the Affiliate, together with a
  certificate of insurance evidencing the Affiliate’s compliance with the
  insurance requirements of Tenant under this Lease. (c) The provisions of
  subsection (a) above notwithstanding, if Tenant proposes to Transfer all of
  the Premises (other than to an Affiliate), Landlord may terminate this Lease,
  either conditioned on execution of a new lease between Landlord and the
  proposed transferee or without that condition. If Tenant proposes to enter
  into a Transfer of less than all of the Premises (other than to an
  Affiliate), Landlord may amend this Lease to remove the portion of the
  Premises to be transferred, either conditioned on execution of a new lease
  between Landlord and the proposed transferee or without that condition. If
  this Lease is not so terminated or amended. Tenant shall pay to Landlord, immediately
  upon receipt. the excess of (i) all compensation received by Tenant for the
  Transfer over (ii) the Rent allocable to the Premises transferred. (d) If Tenant requests Landlord’s
  consent to a Transfer. Tenant shall provide Landlord, at least 15 days prior
  to the proposed Transfer, current financial statements of the transferee
  certified by an executive officer of the transferee, a complete copy of the
  proposed Transfer documents, and any other information Landlord reasonably
  requests. Immediately following any approved assignment or sublease, Tenant
  shall deliver to Landlord an assumption agreement reasonably acceptable to
  Landlord executed by Tenant and the transferee, together with a certificate
  of insurance evidencing the transferee’s compliance with the insurance
  requirements of Tenant under this Lease. Tenant agrees to reimburse Landlord
  for reasonable administrative and attorneys’ fees in connection with the
  processing and documentation of any Transfer for which Landlord’s consent is
  requested. 19. Subordination;
  Mortgagee’s Rights. (a) Tenant
  accepts this Lease subject and subordinate to any Mortgage now or in the
  future affecting the Premises. provided that Tenant’s right of possession of
  the Premises shall not be disturbed by the Mortgagee so long as Tenant is not
  in default under this Lease. This clause shall be self-operative. but within
  10 days after request, Tenant shall execute and deliver any further
  instruments confirming the subordination of this Lease and any further
  instruments of attornment that the Mortgagee may reasonably request. However,
  any Mortgagee may at any time subordinate its Mortgage to this Lease, without
  Tenant’s consent, by giving notice to Tenant, and this Lease shall then be
  deemed prior to such Mortgage without regard to their respective dates of
  execution and delivery: provided that such subordination shall not affect any
  Mortgagee’s rights with respect to condemnation awards, casualty insurance
  proceeds, intervening liens or any right which shall arise between the
  recording, of such Mortgage and the execution of this Lease. (b) No Mortgagee
  shall be (i) liable for any act or omission of a prior landlord, (ii) subject
  to any rental offsets or defenses against a prior landlord, (iii) bound by
  any amendment of this Lease made without its written consent, or (iv) bound
  by payment of Monthly Rent more than one month in advance or liable for any
  other funds paid by Tenant to Landlord unless such funds actually have been
  transferred to the Mortgagee by Landlord. (c) The provisions of Sections 15
  and 16 above notwithstanding. Landlord’s obligation to restore the Premises
  after a casualty or condemnation shall he subject to the consent and prior
  rights of any Mortgagee. 20. Tenant’s
  Certificate; Financial Information. Within 10 days after Landlord’s request
  from time to time, (a) Tenant shall execute, acknowledge and deliver to
  Landlord. for the benefit of Landlord. Mortgagee, any prospective Mortgagee,
  and any

  prospective purchaser of Landlord’s interest in the Property. an estoppel
  certificate in the form of attached Exhibit
  “C” (or other 6 

  

 

	
  

  	
   form requested by Landlord), modified as
  necessary to accurately state the facts represented, and (b) Tenant shall
  furnish to Landlord. Landlord’s Mortgagee, prospective Mortgagee and/or
  prospective purchaser reasonably requested financial statements. Landlord
  agrees to keep any private financial statements provided to it by Tenant
  confidential (except for disclosure to the parties listed in this subsection
  (b)), and any Mortgagee, prospective Mortgagee and/or prospective purchaser
  with which Landlord shares such information shall he informed by Landlord of
  the obligation to keep such information confidential. 21. Surrender. (a) On
  the date on which this Lease expires or terminates, Tenant shall return
  possession of the Premises to Landlord in good condition, except for ordinary
  wear and tear, and except for casualty damage or other conditions that Tenant
  is not required to remedy under this Lease. Prior to the expiration or
  termination of this Lease, Tenant shall remove from the Property all
  furniture, trade fixtures, equipment, wiring and cabling (unless Landlord
  directs Tenant otherwise), and all other personal property installed by
  Tenant or its assignees or subtenants. Tenant shall repair any damage
  resulting from such removal and shall restore the Property to good order and
  condition. Any of Tenant’s personal property not removed as required shall be
  deemed abandoned, and Landlord, at Tenant’s expense, may remove, store, sell
  or otherwise dispose of such property in such manner as Landlord may see fit
  and/or Landlord may retain such property or sale proceeds as its property. If
  Tenant does not return possession of the Premises to Landlord in the
  condition required under this Lease. Tenant shall pay Landlord all resulting
  damages Landlord may suffer. (b) If Tenant remains in possession of the
  Premises after the expiration or termination of this Lease, Tenant’s
  occupancy of the Premises shall be that of a tenancy at will. Tenant’s occupancy
  during any holdover period shall otherwise be subject to the provisions of
  this Lease (unless clearly inapplicable), except that the Monthly Rent shall
  be 150% of the monthly rent for the period of 30 days after the last full
  month immediately preceding the holdover and 200% of the monthly rent for any
  period after 30 days. No holdover or payment by Tenant after the expiration
  or termination of this Lease shall operate to extend the Term or prevent
  Landlord from immediate recovery of possession of the Premises by summary
  proceedings or otherwise. Any provision in this Lease to the contrary
  notwithstanding. any holdover by Tenant shall constitute a default on the
  part of Tenant under this Lease entitling Landlord to exercise, without
  obligation to provide Tenant any notice or cure period, all of the remedies
  available to Landlord in the event of a Tenant default, and Tenant shall be
  liable for all damages, including consequential damages. that Landlord
  suffers as a result of the holdover. 22. Defaults - Remedies. (a) It shall be an Event of Default:
  (i) If Tenant does not pay in full when due any and all Rent and, except as provided in Section 22(d) below, Tenant
  fails to cure such default on or before the date that is 5 days after
  Landlord gives Tenant notice of default; (ii) If Tenant enters into or
  permits any Transfer in violation of Section 18 above: (iii) If Tenant fails
  to observe and perform or otherwise breaches any other provision of this
  Lease, and, except as provided in Section 22(d) below, Tenant fails to cure
  the default on or before the date that is 10 days after Landlord gives Tenant
  notice of default: provided, however, if the default cannot reasonably be
  cured within 10 days following Landlord’s giving of notice, Tenant shall be
  afforded additional reasonable time (not to exceed 30 days following
  Landlord’s notice) to cure the default if Tenant begins to cure the default
  within 10 days following Landlord’s notice and continues diligently in good
  faith to completely cure the default: or (iv) If Tenant becomes insolvent or
  makes a general assignment for the benefit of creditors or offers a
  settlement to creditors, or if a petition in bankruptcy or for reorganization
  or for an arrangement with creditors under any federal or state law is filed
  by or against Tenant, or a hill in equity or other proceeding for the
  appointment of a receiver for any of Tenant’s assets is commenced, or if any
  of the real or personal property of Tenant shall he levied upon: provided
  that any proceeding brought by anyone other than Landlord or Tenant under any
  bankruptcy. insolvency, receivership or similar law shall not constitute an
  Event of Default until such proceeding has continued unstayed for more than
  60 consecutive days. (b) If an
  Event of Default occurs, Landlord shall have the following rights and
  remedies: (i) Landlord, without any obligation to do so, may elect to cure
  the default on behalf of Tenant. in which event Tenant shall reimburse
  Landlord upon demand for any sums paid or costs incurred by Landlord (together
  with an administrative 7 

  

 

	
  

  	
   fee of 15% thereof) in curing the default.
  plus interest at the Interest Rate from the respective dates of Landlord’s
  incurring such costs, which sums and costs together with interest at the
  Interest Rate shall be deemed additional Rent; (ii) To enter and repossess
  the Premises, by breaking open locked doors if necessary, and remove all
  persons and all or any property, by action at law or otherwise, without being
  liable for prosecution or damages. Landlord may. at Landlord’s option. make
  Alterations and repairs in order to relet the Premises and relet all or any
  part(s) of the Premises for Tenant’s account. Tenant agrees to pay to
  Landlord on demand any deficiency (taking into account all costs incurred by
  Landlord) that may arise by reason of such reletting. In the event of
  reletting without termination of this Lease, Landlord may at any time
  thereafter elect to terminate this Lease for such previous breach; (iii) To
  accelerate the whole or any part of the Rent for the balance of the Tenn. and
  declare the same to be immediately due and payable; and (iv) To terminate
  this Lease and the Term without any right on the part of Tenant to save the
  forfeiture by payment of any sum due or by other performance of any
  condition, term or covenant broken. (c) In addition to the rights and
  remedies provided in subsection (a) above, if an Event of Default occurs
  relating to Tenant’s non-payment of the Rent due hereunder, Tenant hereby
  authorizes any attorney of any court of record of the Commonwealth of
  Pennsylvania to appear for Tenant and to confess judgment against Tenant, and
  in favor of Landlord, for all Rent due hereunder plus costs and an attorney’s
  collection commission equal to the greater of 10% of all Rent or 51,000, for
  which this Lease or a true and correct copy hereof shall be good and
  sufficient warrant. TENANT
  UNDERSTANDS THAT THE FOREGOING PERMITS LANDLORD TO ENTER A JUDGMENT AGAINST
  TENANT WITHOUT PRIOR NOTICE OR HEARING. ONCE SUCH A JUDGMENT HAS BEEN ENTERED
  AGAINST TENANT, ONE OR MORE WRITS OF EXECUTION OR WRITS OF GARNISHMENT MAY BE
  ISSUED THEREON WITHOUT FURTHER NOTICE TO TENANT AND WITHOUT A HEARING, AND,
  PURSUANT TO SUCH WRITS, LANDLORD MAY CAUSE THE SHERIFF OF THE COUNTY IN WHICH
  ANY PROPERTY OF TENANT IS LOCATED TO SEIZE TENANT’S PROPERTY BY LEVY OR
  ATTACHMENT. IF THE JUDGMENT AGAINST TENANT REMAINS UNPAID AFTER SUCH LEVY OR
  ATTACHMENT, LANDLORD CAN CAUSE SUCH PROPERTY TO BE SOLD BY THE SHERIFF
  EXECUTING THE WRITS, OR, IF SUCH PROPERTY CONSISTS OF A DEBT OWED TO TENANT
  BY ANOTHER ENTITY, LANDLORD CAN CAUSE SUCH DEBT TO BE PAID DIRECTLY TO
  LANDLORD IN AN AMOUNT UP TO BUT NOT TO EXCEED THE AMOUNT OF THE JUDGMENT
  OBTAINED BY LANDLORD AGAINST TENANT, PLUS THE COSTS OF THE EXECUTION. Such
  authority shall not be exhausted by one exercise thereof, but judgment may be
  confessed as aforesaid from time to time as often as any of the Rent and
  other sums shall fall due or be in arrears, and such powers may be exercised
  as well after the expiration of the initial term of this Lease and during any
  extended or renewal term of this Lease and after the expiration of any
  extended or renewal term of this Lease. Initials on behalf of Tenant (d) Any
  provision to the contrary in this Section 22 notwithstanding, (i) Landlord
  shall not be required to give Tenant the notice and opportunity to cure
  provided in Section 22(a) above more than twice in any consecutive 12-month
  period, and thereafter Landlord may declare an Event of Default without
  affording Tenant any of the notice and cure rights provided under this Lease,
  and (ii) Landlord shall not be required to give such notice prior to
  exercising its rights if Tenant fails to comply with the provisions of
  Sections 13, 20 or 27 or in an emergency. (e) No waiver by Landlord of any
  breach by Tenant shall be a waiver of any subsequent breach, nor shall any
  forbearance by Landlord to seek a remedy For any breach by Tenant he a waiver
  by Landlord of any rights and remedies with respect to such or any subsequent
  breach. Efforts by Landlord to mitigate the damages caused by Tenant’s
  default shall not constitute a waiver of Landlord’s right to recover damages
  hereunder. No right or remedy herein conferred upon or reserved to Landlord
  is intended to be exclusive of any other right or remedy provided herein or
  by law, but each shall be cumulative and in addition to every other right or
  remedy given herein or now or hereafter existing at law or in equity. No
  payment by Tenant or receipt or acceptance by Landlord of a lesser amount
  than the total amount due Landlord under this Lease shall be deemed to be
  other than on account, nor shall any endorsement or statement on any check or
  payment be deemed an accord and satisfaction, and Landlord may accept such
  check or payment without prejudice to Landlord’s right to recover the balance
  of Rent due, or Landlord’s right to pursue any other available remedy. (f) If
  either party commences an action against the other party arising out of or in
  connection with this Lease, the prevailing party shall be entitled to have and
  recover from the other party attorneys’ fees, costs of suit, investigation
  expenses and discovery costs, including costs of appeal. 8 

  

 

	
  

  	
   (g) Landlord and Tenant waive the right to a
  trial by jury in any action or proceeding based upon or related to, the
  subject matter of this Lease. (h) When this Lease and the Term or any
  extension thereof shall have been terminated on account of any default by
  Tenant, or when the Term or
  any extension thereof shall have expired. Tenant hereby authorizes any
  attorney of any court of record of the Commonwealth of Pennsylvania to appear
  for Tenant and for anyone claiming by, through or under Tenant and to confess
  judgment against all such parties. and in favor of Landlord, in ejectment and
  for the recovery of possession of the Premises, for which this Lease or a
  true and correct copy hereof shall he good and sufficient warrant. AFTER THE ENTRY OF ANY SUCH JUDGMENT A WRIT
  OF POSSESSION MAY BE ISSUED THEREON WITHOUT FURTHER NOTICE TO TENANT AND
  WITHOUT A HEARING. If for any reason after such action shall have been
  commenced it shall be determined and possession of the Premises remain in or
  be restored to Tenant. Landlord shall have the right for the same default and
  upon any subsequent default(s) or upon the termination of this Lease or
  Tenant’s right of possession as herein set forth, to again confess judgment
  as herein provided. for which this Lease or a true and correct copy hereof
  shall be good and sufficient warrant. Initials
  on behalf of Tenant:  (i) The
  warrants to confess judgment set
  forth above shall continue in full force and effect and be unaffected by
  amendments to this Lease or other agreements between Landlord and Tenant even
  if any such amendments or other agreements increase Tenant’s obligations or
  expand the size of the Premises. (j)
  TENANT EXPRESSLY AND ABSOLUTELY KNOWINGLY AND EXPRESSLY WAIVES AND RELEASES (i) ANY RIGHT, INCLUDING, WITHOUT
  LIMITATION, UNDER ANY APPLICABLE STATUTE, WHICH TENANT MAY HAVE TO RECEIVE A
  NOTICE TO QUIT PRIOR TO LANDLORD COMMENCING AN ACTION FOR REPOSSESSION OF THE
  PREMISES AND (ii) ANY RIGHT WHICH TENANT MAY HAVE TO NOTICE AND TO HEARING
  PRIOR TO A LEVY UPON OR ATTACHMENT OF TENANTS PROPERTY OR THEREAFTER AND
  (iii) ANY PROCEDURAL ERRORS IN CONNECTION WITH THE ENTRY OF ANY SUCH JUDGMENT
  OR IN THE ISSUANCE OF ANY ONE OR MORE WRITS OF POSSESSION OR EXECUTION OR
  GARNISHMENT THEREON. Initials
  on behalf of Tenant:  Tenant’s
  Authority. Tenant represents and warrants to landlord that: (a) Tenant is
  duly formed, validly existing and in good standing under the laws of’ the
  state under which Tenant is organized, and qualified to do business in the
  state in which the Property is located, and (b) the person”) signing this
  Lease are duly authorized to execute and deliver this Lease on behalf of Tenant.
  24. Liability of Landlord. The
  word Landlord” in this Lease
  includes the Landlord executing this Lease as well as its successors and
  assigns. each of which shall have the same rights, remedies. powers.
  authorities and privileges as it would have had it originally signed this
  Lease as Landlord. Any such person or entity, whether or not named in this
  Lease, shall have no liability under this Lease after it ceases to hold title
  to the Premises except for obligations already accrued (and, as to any unapplied
  portion of Tenant’s Security Deposit. Landlord shall be relieved of all
  liability upon transfer of such portion to its successor in interest). Tenant
  shall look solely to Landlord’s successor in interest for the performance of
  the covenants and obligations of the Landlord hereunder which subsequently
  accrue. Landlord shall not be deemed to he in default under this Lease unless
  Tenant gives Landlord notice specifying the default and Landlord fails to
  cure the default within a reasonable period following Tenant’s notice. In no
  event shall Landlord be liable to Tenant for any loss of business or profits
  of Tenant or for consequential. punitive or special damages of any kind.
  Neither landlord nor any principal of Landlord nor any owner of the Property.
  whether disclosed or undisclosed, shall have any personal liability with
  respect to any of the provisions of this Lease or the Premises: Tenant shall
  look solely to the equity of Landlord in the Property for the satisfaction of
  any claim by Tenant against Landlord._ 25. Miscellaneous. (a) The captions in this Lease are for
  convenience only. are not a part of this Lease and do not in any way define. limit,
  describe or amplify the terms of this Lease. (b) This Lease represents the
  entire agreement between the parties hereto and there are no collateral or
  oral agreements or understandings between Landlord and Tenant with respect to
  the Premises or the Property.
  No rights, easements or licenses are acquired in the Property or any land
  adjacent to the Property by Tenant by implication or otherwise except as
  expressly set forth in this Lease. This Lease shall not be modified in any
  manner except by an instrument in writing executed by 9 

  

 

	
  

  	
   the parties. The masculine (or neuter)
  pronoun and the singular number shall include the masculine, feminine and
  neuter genders and the singular and plural number. The word “including”
  followed by any specific item(s) is deemed to refer to examples rather than
  to be words of limitation. The word “person” includes a natural person. a
  partnership, a corporation, a limited liability company, an association and
  any other form of business association or entity. Both parties having
  participated fully and equally in the negotiation and preparation of this
  Lease, this Lease shall not be more strictly construed, nor any ambiguities
  in this Lease resolved. against either Landlord or Tenant. (c) Each covenant.
  agreement, obligation, term. condition or other provision contained in this
  Lease shall be deemed and construed as a separate and independent covenant of
  the party bound by. undertaking or making the same. not dependent on any
  other provision of this Lease unless otherwise expressly provided. All of the
  terms and conditions set forth in this Lease shall apply throughout the Term
  unless otherwise expressly set forth herein. (d) I 1’ any provisions of this
  Lease shall be declared unenforceable in any respect. such unenforceability
  shall not affect any other provision of this Lease. and each such provision
  shall be deemed to be modified. if possible, in such a manner as to render it
  enforceable and to preserve to the extent possible the intent of the parties
  as set forth herein. This Lease shall he construed and enforced in accordance
  with the laws of the state in which the Property is located. (e) This Lease
  shall be binding upon and inure to the benefit of Landlord and Tenant and
  their respective heirs, personal representatives and permitted successors and
  assigns. All persons liable for the obligations of Tenant under this Lease
  shall be jointly and severally liable for such obligations. (I) Tenant shall
  not record this Lease or any memorandum without Landlord’s prior consent. 26.
  Notices. Any notice, consent or other communication under this Lease shall be
  in writing and addressed to Landlord or Tenant at their respective addresses
  specified in Section I above (or to such other address as either may
  designate by notice to the other) with a copy to any Mortgagee or other party
  designated by Landlord. Each notice or other communication shall be deemed
  given if sent by prepaid overnight delivery service or by certified mail,
  return receipt requested, postage prepaid or in any other manner, with
  delivery in any case evidenced by a receipt, and shall be deemed to have been
  given on the day of actual delivery to the intended recipient or on the
  business day delivery is refused. The giving of notice by Landlord’s
  attorneys, representatives and agents under this Section shall be deemed to
  be the acts of Landlord. 27. Security Deposit. At the time of signing this
  Lease. Tenant shall deposit with Landlord the Security Deposit to be retained
  by Landlord as cash security for the faithful performance and observance by
  Tenant of the provisions of this Lease. Tenant shall not be entitled to any
  interest on the Security Deposit. Landlord shall have the right to commingle
  the Security Deposit with its other funds. Landlord may use the whole or any
  part of the Security Deposit for the payment of any amount as to which Tenant
  is in default or to compensate Landlord for any loss or damage it may suffer
  by reason of Tenant’s default under this Lease. If Landlord uses all or any
  portion of the Security Deposit as herein provided, within 10 days after
  demand. Tenant shall pay Landlord cash in an amount equal to that portion of
  the Security Deposit used by Landlord. If Tenant complies fully and
  faithfully with all of the provisions of this Lease, the Security Deposit
  shall be returned to Tenant after the Expiration Date and surrender of the
  Premises to Landlord. Landlord and Tenant have executed this Lease on the
  respective date(s) set forth below. Landlord: LIBERTY PROPERTY LIMITED
  PARTNERSHIP By: Liberty Property Trust. Sole General Partner Date signed:
  Date signed: By: Title: Name EGALET, LTD. 10 

  

	
  

  	
   Attlest: By: Name Title: By: Name Title: Robert
  S. Rodie /s/ Barbara Cateri /s/ Robert S. Rodie Barabara Cateri President +
  CEO Consuilasil

  

 

	
  

  	
   Rider I to Lease Agreement 

  (Multi-Tenant Office) ADDITIONAL DEFINITIONS (-)ADA” means the Americans With
  Disabilities Act of 1990 (42 U.S.C. § 1201 et seq.), as amended and
  supplemented from time to time. “Affiliate” means (i) any entity controlling, controlled by. or under common
  control of, Tenant, (ii) any successor to Tenant by merger, consolidation or
  reorganization, and (iii) any purchaser of all or substantially all of the
  assets or ownership interests of Tenant as a going concern. “Agents” of a
  party means such party’s employees. agents. representatives, contractors,
  licensees or invitees. “Alteration” means any addition, alteration or
  improvement to the Premises or Property, as the case may be. “Building Rules”
  means the rules and regulations attached to this Lease as Exhibit “B” as they may be amended from time
  to time. “Building Systems” means any electrical, mechanical, structural,
  plumbing, heating, ventilating, air conditioning, sprinkler. life safety or
  security systems serving the Building. “Common Areas” means all areas and
  facilities as provided by Landlord from time to time for the use or enjoyment
  of all tenants in the Building or Property. including, if applicable,
  lobbies. hallways. restrooms, elevators, driveways, sidewalks, parking.
  loading and landscaped areas. “Environmental Laws” means all present or
  future federal, state or local laws, ordinances, rules or regulations
  (including the rules and regulations of the federal Environmental Protection
  Agency and comparable state agency) relating to the protection of human
  health or the environment. “Event of Default” means a default described in
  Section 22(a) of this Lease. “Hazardous Materials” means pollutants,
  contaminants, toxic or hazardous wastes or other materials the removal of
  which is required or the use of which is regulated, restricted, or prohibited
  by any Environmental Law. “Interest Rate” means interest at the rate of 1 ‘A%
  per month. “Land” means the lot or plot of land on which the Building is
  situated or the portion thereof allocated by Landlord to the Building. “Laws”
  means all laws, ordinances, rules, orders, regulations, guidelines and other
  requirements of federal, state
  or local governmental authorities or of any private association or contained
  in any restrictive covenants or other declarations or agreements. now or
  subsequently pertaining to the Property or the use and occupation of the
  Property. “Lease Year” means the period from the Commencement Date through
  the succeeding 12 full calendar months (including for the first Lease Year
  any partial month from the Commencement Date until the first day of the first
  full calendar month) and each successive 12-month period thereafter during
  the Term. “Maintain” means to provide
  such maintenance, repair and, to the extent necessary and appropriate,
  replacement, as may be needed to keep the subject property in good condition
  and repair. Maintenance also includes utilizing such building- performance
  assessment tools and energy-optimizing practices that Landlord in its
  discretion reasonably deems necessary and appropriate for planning,
  designing. installing, testing, operating and maintaining the Building Systems
  and Common Areas in an energy efficient manner and providing a safe and
  comfortable work environment. with a view toward achieving improved overall
  building performance and minimizing the Building’s impact on the environment.
  “Monthly Rent” means the monthly installment of Minimum Annual Rent plus the monthly
  installment of estimated
  Annual Operating Expenses payable by Tenant under this Lease. Rider I - Page
  1 of 2 

  

 

	
  

  	
  “Mortgage”
  means any mortgage, deed of trust or other lien or encumbrance on Landlord’s
  interest in the Property or any portion thereof, including without limitation
  any ground or master lease if Landlord’s interest is or becomes a leasehold
  estate. “Mortgagee” means the holder of any Mortgage, including any ground or
  master lessor if Landlord’s interest is or becomes a leasehold estate. “Normal Business Hours” means 8:00 a.m. to
  6:00 p.m., Monday through Friday. legal holidays excepted “Operating
  Expenses” means all costs, fees, charges and expenses incurred or charged by
  Landlord in connection with the ownership, operation, maintenance and repair
  of, and services provided to,
  the Property, including, but not limited to, (i) the charges at standard
  retail rates for any services provided by Landlord pursuant to Section 7 of
  this Lease, (ii) the cost of insurance carried by Landlord pursuant to
  Section 8 of this Lease together with the cost of any deductible paid by
  Landlord in connection with an insured loss. (iii) Landlord’s cost to
  Maintain the Property pursuant to Section 9 of this Lease, (iv) the cost of
  trash collection. (v) to the extent not otherwise payable by Tenant pursuant
  to Section 5 of this Lease, all levies, taxes (including real estate taxes,
  sales taxes and gross receipt taxes), assessments, liens. license and permit
  fees, together with the reasonable cost of contesting any of the foregoing,
  which are applicable to the Term, and which are imposed by any authority or
  under any Law, or pursuant to any recorded covenants or agreements, upon or
  with respect to the Property, or any improvements thereto. or directly upon
  this Lease or the Rent or upon amounts payable by any subtenants or other
  occupants of the Premises, or against Landlord because of Landlord’s estate
  or interest in the Property, (vi) the annual amortization (over their
  estimated economic useful life or payback period, whichever is shorter) of
  the costs (including reasonable financing charges) of capital improvements or
  replacements (a) required by any Laws, (b) made for the purpose of reducing
  Operating Expenses. or (c) made for the purpose of directly enhancing the
  safety of tenants in the Building, (vii) a management and administrative fee,
  and (viii) costs to process the certification or re-certification of the
  Building pursuant to any applicable environmental rating system (such as
  Energy Star or LEED) including applying, reporting. tracking and related
  reasonable consultant’s fees associated therewith. The foregoing
  notwithstanding. Operating Expenses will not include: (i) depreciation on the
  Building, (ii) financing and refinancing costs (except as provided above),
  interest on debt or amortization payments on any mortgage, or rental under
  any ground or underlying lease, (iii) leasing commissions, advertising
  expenses. tenant improvements or other costs directly related to the leasing
  of the Property. or (iv) income, excess profits or corporate capital stock
  tax imposed or assessed upon Landlord, unless such tax or any similar tax is
  levied or assessed in lieu of all or any part of any taxes includable in Operating
  Expenses above. if Landlord elects to prepay real estate taxes during any
  discount period, Landlord shall be entitled to the benefit of any such
  prepayment. Landlord shall have the right to directly perform (by itself or
  through an affiliate) any services provided under this Lease provided that
  the Landlord’s charges included in Operating Expenses for any such services
  shall not exceed competitive market rates for comparable services. “Property”
  means the Land, the Building, the Common Areas, and all appurtenances to
  them. “Rent” means the Minimum Annual Rent. Annual Operating Expenses and any
  other amounts payable by Tenant to Landlord under this Lease. “Taken” or
  “Taking” means acquisition by a public authority having the power of eminent
  domain by condemnation or conveyance in lieu of condemnation. “Tenant’s
  Share” means the percentage obtained by dividing the rentable square feet of
  the Premises by the rentable square feet of the Building, as set forth in
  Section I of this Lease. “Transfer” means (i) any assignment, transfer.
  pledge or other encumbrance of all or a portion of Tenant’s interest in this
  Lease, (ii) any sublease, license or concession of all or a portion of
  Tenant’s interest in the Premises, or (iii) any transfer of a controlling
  interest in Tenant_ Notwithstanding anything to the contrary herein,
  “Transfer” shall not include any transfers of ownership interests in Tenant
  which are publicly listed or otherwise traded on a national or
  over-the-counter exchange Rider 1 Page 2 of 2 

  

 

	
  

  	
  Rider 2 to Lease Agreement 28. Landlord’s
  Work. The Premises is leased to Tenant in its as is condition, provided that
  Landlord, at Landlord’s cost, will shampoo all carpets throughout the
  Premises prior to the Commencement Date. Notwithstanding the foregoing, if,
  prior to the Commencement Date. Tenant determines that any walls within the
  Premises require repainting as a result of the prior tenant’s vacation of the
  Premises, Tenant may either (i) instruct Landlord to perform such painting or
  (ii) repaint the walls at Tenant’s own cost, subject to reimbursement as set
  forth herein. If Tenant directs Landlord to repaint the walls, Landlord
  shall, at Landlord’s cost (not to exceed $4,000.00), repaint such walls. To
  the extent the cost of such painting exceeds $4,000.00, Tenant shall
  reimburse Landlord for any additional cost within fifteen (15) days of
  Landlord’s request. If Tenant elects to repaint the walls, Tenant shall, upon
  completion of the painting, submit to Landlord copies of all invoices
  associated with such painting along with evidence of complete payment of all
  such invoices. Upon Landlord’s satisfactory receipt of the foregoing
  information, Landlord shall reimburse Tenant for the cost of the painting,
  not to exceed $4,000.00. 29.
  Security. Tenant, at Tenant’s sole cost and expense, shall be
  responsible for the installation, maintenance, repair and monitoring of
  Tenant’s security for the Premises. 30. Broker. The parties agree that they
  have dealt with no brokers in connection with this Lease. Each party agrees
  to indemnify and hold the other harmless from any and all claims for
  commissions or fees in connection with the Premises and this Lease from any real estate brokers or agents with
  whom they may have dealt. Rider 2 - Page 1 of 1 

  

 

	
  

  	
   EXHIBIT
  “A” PLAN SHOWING PREMISES
  

  

 

	
  

  	
  [LOGO]

  

 

	
  

  	
  EXHIBIT “B”

  BUILDING RULES I . Any sidewalks, lobbies,
  passages. elevators and stairways shall not be obstructed or used by Tenant
  for any purpose other than ingress and egress from and to the Premises.
  Landlord shall in all cases retain the right to control or prevent access by
  all persons whose presence. in the judgment of Landlord, shall be prejudicial
  to the safety, peace or character of the Property. 2. The toilet rooms.
  toilets, urinals, sinks, faucets. plumbing or other service apparatus of any
  kind shall not be used for any purposes other than those for which they were
  installed, and no sweepings, rubbish, rags. ashes, chemicals or other refuse
  or injurious substances shall be placed therein or used in connection therewith
  or left in any lobbies. passages, elevators or stairways. 3. Tenant shall not
  impair in any way the fire safety system and shall comply with all safety.
  fire protection and evacuation procedures and regulations established by
  Landlord, any governmental agency or any insurance company insuring the
  Building. including without limitation the insurer’s Red Tag Permit System.
  Hot Work Permit System and all other fire protection impairment procedures.
  No person shall go on the roof without Landlord’s prior written permission.
  4. Skylights, windows, doors and transoms shall not be covered or obstructed
  by Tenant, and Tenant shall not install any window covering which would
  affect the exterior appearance of the Building, except as approved in writing
  by Landlord. Tenant shall not remove, without Landlord’s prior written
  consent, any shades, blinds or curtains in the Premises. 5. Without
  Landlord’s prior written consent, Tenant shall not hang, install. mount,
  suspend or attach anything from or to any sprinkler. plumbing. utility or
  other lines. If Tenant hangs, installs, mounts, suspends or attaches anything
  from or to any doors. windows, walls, floors or ceilings, Tenant shall
  spackle and sand all holes and repair any damage caused thereby or by the
  removal thereof at or prior to the expiration or termination of the Lease. 6.
  Tenant shall riot change any locks nor place additional locks upon any doors.
  7. Tenant shall not use nor keep in the Building any matter having an
  offensive odor, nor explosive or highly flammable material, nor shall any
  animals other than handicap assistance dogs in the company of their masters
  be brought into or kept in or about the Property. 8. If Tenant desires to
  introduce electrical, signaling. telegraphic. telephonic, protective alarm or
  other wires. apparatus or devices. Landlord shall direct where and how the
  same arc to be placed. and except as so directed, no installation boring or
  cutting shall be permitted. Landlord shall have the right to prevent and to
  cut off the transmission of excessive or dangerous current of electricity or
  annoyances into or through the Building or the Premises and to require the
  changing of wiring connections or layout at Tenant’s expense. to the extent
  that Landlord may deem necessary, and further to require compliance with such
  reasonable rules as Landlord may establish relating thereto. and in the event
  of non-compliance with the requirements or rules, Landlord shall have the
  right immediately to cut wiring or to do what it considers necessary to remove
  the danger, annoyance or electrical interference with apparatus in any part
  of the Building. All wires installed by Tenant must be clearly tagged at the
  distributing boards and junction boxes and elsewhere where required by
  Landlord, with the number of the office to which said wires lead, and the
  purpose for which the wires respectively are used, together with the name of
  the concern. if any, operating same. No machinery of any kind other than
  customary small business machines shall be allowed in the Premises. Tenant
  shall not use any method of heating. air conditioning or air cooling other
  than that provided by Landlord. 9. Tenant shall not place weights anywhere
  beyond the safe carrying capacity of the Building which is designed to normal
  office building standards for floor loading capacity. Landlord shall have the
  right to exclude from the Building heavy furniture, safes and other articles
  which may be hazardous or to require them to be located at designated places
  in the Premises. 0. The use of rooms as sleeping quarters is strictly
  prohibited at all limes. I . Tenant shall have the right, at Tenant’s sole
  risk and responsibility, to use only Tenant’s Share of the parking spaces at
  the Property as reasonably determined by Landlord. Tenant shall comply with
  all parking regulations promulgated by Landlord from time to time for the
  orderly use of the vehicle parking areas. including without limitation the
  following: Parking shall be limited to automobiles. passenger or equivalent
  vans, motorcycles, light ‘bur wheel pickup trucks and tin designated areas)
  bicycles. No vehicles shall he left in the parking lot overnight without
  Landlord’s prior written approval. Parked vehicles shall not be used for
  vending or any other business or other activity while parked in the parking areas. Vehicles shall be parked
  only in striped parking spaces. except for loading and unloading. which shall
  occur solely in zones marked for such purpose. and be so Exhibit B — Page l
  of 2 

  

 

	
  

  	
  conducted as to
  not unreasonably interfere with traffic flow within the Property or with
  loading and unloading areas of other tenants. Employee and tenant vehicles
  shall not be parked in spaces marked for visitor parking or other specific
  use. MI vehicles entering or parking in the parking areas shall do so at
  owner’s sole risk and Landlord assumes no responsibility for any damage,
  destruction, vandalism or theft. Tenant shall cooperate with Landlord in any
  measures implemented by Landlord to control abuse of the parking areas.
  including without limitation access control programs, tenant and guest
  vehicle identification programs, and validated parking programs. provided
  that no such validated parking program shall result in Tenant being charged
  for spaces to which it has a right to free use under its Lease. Each vehicle
  owner shall promptly respond to any sounding vehicle alarm or horn, and
  failure to do so may result in temporary or permanent exclusion of such
  vehicle from the parking areas. Any vehicle which violates the parking
  regulations may be cited, towed at the expense of the owner, temporarily or
  permanently excluded from the parking areas, or subject to other lawful
  consequence. Bicycles are not permitted in the Building. 12. Tenant and its
  Agents shall not smoke in the Building or at the Building entrances and
  exits. 13. Tenant shall provide Landlord with a written identification of any
  vendors engaged by Tenant to perform services for Tenant at the Premises
  (examples: security guards/monitors, telecommunications
  installers/maintenance), and all vendors shall be subject to Landlord’s
  reasonable approval. No mechanics shall be allowed to work on the Building or
  Building Systems other than those engaged by Landlord. Tenant shall permit
  Landlord’s employees and contractors and no one else to clean the Premises
  unless Landlord consents in writing. Tenant assumes all responsibility for
  protecting its Premises from theft and vandalism and Tenant shall see each
  day before leaving the Premises that all lights are turned out and that the
  windows and the doors are dosed and securely locked. 14. Tenant shall comply
  with any move-in/move-out rules provided by landlord and with any rules
  provided by Landlord governing access to the Building outside of Normal
  Business Hours. Throughout the Term, no furniture, packages, equipment,
  supplies or merchandise of Tenant will he received in the Building, or
  carried up or down in the elevators or stairways, except during such hours as
  shall be designated by Landlord, and Landlord in all cases shall also have
  the exclusive right to prescribe the method and manner in which the same
  shall be brought in or taken out of the Building. 15. Tenant shall not place
  oversized cartons, crates or boxes in any area for trash pickup without
  Landlord’s prior approval. Landlord shall be responsible for trash pickup of
  normal office refuse placed in ordinary office trash receptacles only.
  Excessive amounts of trash or other out-of-the-ordinary refuse loads will be
  removed by Landlord upon request at Tenant’s expense. 16. Tenant shall comply
  with the following sustainability requirements: a. Tenant shall provide
  within ten ( 10) days after
  Landlord’s request from time to time, reasonably requested energy and water
  consumption data and related information in connection with Tenant’s use of the
  Premises and all construction, maintenance, repairs, cleaning, trash disposal
  and recycling relating to the Premises performed by or on behalf of Tenant
  all to be used for purposes of monitoring and improving building
  efficiencies. b. Low/No VOC Paint. Tenant shall use only interior paints and
  coatings (including primers) meeting the environmental requirements of the
  current Green SealTM Environmental Standard For Paints And Coatings - GS-II.
  c. Green Cleaning Products. All cleaning products used in the Premises must
  be certified under the current Green Sea1TM Environmental Standard for
  Industrial and Institutional Cleaners - GS-37. d. Recycling. The following
  items must be recycled according to local capabilities, guidelines and
  regulations: (i Paper; (ii) Cardboard; Nil Plastics: (iv) Aluminum
  Cans/Metals; and (0 Glass. 1 7. Tenant shall cause all of Tenant’s Agents to
  comply with these Building Rules. 1 8. Landlord reserves the right to
  rescind, suspend or modify any rules or regulations and to make such other
  rules and regulations as, in Landlord’s reasonable judgment. may from time to
  time be needed for the safety, care. maintenance, operation and cleanliness
  of the Property. Notice of any action by Landlord referred to in this
  section. given to Tenant, shall have the same force and effect as if
  originally made a part of the foregoing Lease. New rules or regulations will
  not. however, be unreasonably inconsistent with the proper and rightful
  enjoyment of the Premises by Tenant under the Lease. 19. These Building Rules
  are not intended to give Tenant any rights or claims in the event that
  Landlord does not enforce any of them against any other tenants or if
  Landlord does not have the right to enforce them against any other tenants
  and such nonenforcement will not constitute a waiver as to Tenant. Exhibit B—
  Page 2 of 2 

  

 

	
  

  	
  EXHIBIT “C”

  TENANT ESTOPPEL CERTIFICATE Please refer
  to the documents described in Schedule I hereto, (the “Lease Documents”)
  including the “Lease” therein described; all defined terms in this
  Certificate shall have the same
  meanings as set forth in the Lease unless otherwise expressly set forth
  herein. The undersigned Tenant hereby certifies that it is the tenant under
  the Lease. Tenant hereby further acknowledges that it has been advised that
  the Lease may be collaterally assigned in connection with a proposed
  financing secured by the Property and/or may be assigned in connection with a
  sale of the Property and certifies both to Landlord and to any and all
  prospective mortgagees and purchasers of the Property, including any trustee
  on behalf of any holders of notes or other similar instruments, any holders
  from time to time of such notes or other instruments, and their respective
  successors and assigns (the (-)Beneficiaries”) that as of the date hereof: 1
  . The information set forth in attached Schedule I is true and correct. 2.
  Tenant is in occupancy of the Premises and the Lease is in full force and
  effect, and, except by such writings as are identified on Schedule I has not
  been modified, assigned. supplemented or amended since its original
  execution. nor are there any other agreements between Landlord and Tenant concerning
  the Premises, whether oral or written. 3. All conditions and agreements under
  the Lease to he satisfied or performed by Landlord have been satisfied and
  performed. 4. Tenant is not in default under the Lease Documents, Tenant has
  not received any notice of default under the Lease Documents, and, to
  Tenant’s knowledge, there are no events which have occurred that, with the
  giving of notice and/or the passage of time, would result in a default by
  Tenant under the Lease Documents. 5. Tenant has not paid any Rent due under
  the Lease more than 30 days in advance of the date due under the Lease and
  Tenant has no rights of setoff, counterclaim, concession or other rights of
  diminution of any Rent due and payable under the Lease except as set forth in
  Schedule 1. 6. To Tenant’s knowledge, there are no uncured defaults on the
  part of Landlord under the Lease Documents, Tenant has not sent any notice of
  default under the Lease Documents to Landlord, and there are no events which
  have occurred that, with the giving of notice and/or the passage of time,
  would result in a default by Landlord thereunder, and that at the present
  time Tenant has no claim against Landlord under the lease Documents. 7.
  Except as expressly set forth in Part G of Schedule I, there are no provisions
  for any, and Tenant has no, options with respect to the Premises or all or
  any portion of the Property. 8. No action, voluntary or involuntary, is
  pending against Tenant under federal or state bankruptcy or insolvency law.
  9. The undersigned has the authority to execute and deliver this Certificate
  on behalf of Tenant and acknowledges that all Beneficiaries will rely upon this Certificate in purchasing
  the Property or extending credit to Landlord or its successors in interest.
  10. This Certificate shall be binding upon the successors, assigns and
  representatives of Tenant and any party claiming through or under Tenant and
  shall inure to the benefit of all Beneficiaries. IN WITNESS WHEREOF, Tenant
  has executed this Certificate this day of , 2 Name of Tenant By: Title: 

  

 

	
  

  	
  SCHEDULE I TO TENANT ESTOPPEL CERTIFICATE

  Lease Documents, Lease Terms and
  Current Status A. Date of Lease: B. Parties: I. Landlord: 2. Tenant: C.
  Premises: D. Modifications, Assignments, Supplements or Amendments to Lease:
  E. Commencement Date: F. Expiration of Current Term: G. Option Rights: H.
  Security Deposit Paid to Landlord: $ I. Current Minimum Annual Rent: $ J.
  Current Annual Operating Expenses: $ K. Current Total Rent: $ L. Square Feet
  Demised: 

  

 

	
  

  	
   EXHIBIT “D”

  CLEANING SCHEDULE I. OFFICE AREA A Nightly (Monday through Friday - Holidays
  excepted): 1. Empty wastepaper baskets, ashtrays, and refuse receptacles.
  Dust sweep hard surface flooring. 3. Vacuum carpeted areas and rugs. 4. Hand
  dust and wipe clean with treated cloths all horizontal surfaces including
  furniture, desk equipment, telephones, windowsills and induction unit tops
  within normal reach. 5. Clean and sanitize all drinking fountains. B. Weekly:
  1. Remove finger marks from stairways, elevator and utility closet doors and
  light switches. C. Monthly: 1. Wash and wax resilient tile floors. D.
  Quarterly: 1. Do high dusting not reached in daily cleaning, to include: (a)
  pictures, frames, charts, graphs, and similar wall hangings. (b) all vertical
  surfaces. such as walls. partitions, doors and bucks not reached in nightly
  cleaning. E. Annually: 1. Wash all light fixtures. 2. Dry clean drapes and
  wash venetian blinds. whichever is supplied by Landlord on exterior windows.
  LAVATORIES A. 1. Sweep and wash floors with approved germicidal detergent
  solution. 2. Wash and polish all mirrors, powder shelves, dispensers,
  receptacles, light work, flushometers,

  piping and toilet seat hinges. 3. Wash both sides of toilet seats wash
  basins, bowls, and urinals with approved germicidal

  detergent solution. 4. Remove finger marks and smudges from toilet
  partitions, ventilating grills, and tile walls. 5. Empty and clean towel and
  sanitary disposal receptacles, remove waste to disposal areas. 6. Replenish
  paper towel, toilet tissue, soap and sanitary napkin dispensers. B. Monthly:
  1. Wash partitions and tile walls. Wash
  all waste receptacles with approved germicidal solution. III. PEST
  EXTERMINATION A. Maintain pest extermination as needed.

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