Common use of COST STATEMENT & LESSEE'S CONTRIBUTION Clause in Contracts

COST STATEMENT & LESSEE'S CONTRIBUTION. Prior to Signing of Lease, Lessor shall provide Lessee a preliminary cost estimate which is attached hereto as Exhibit E. Upon completion of all approved working drawings by Lessee, Lessor will prepare for Lessee’s approval a final cost statement which upon completion and approval shall be attached as Exhibit E.1 (the “Cost Statement”), showing the guaranteed construction cost of the Lessee Interior Improvements per the approved plans. Lessor may include in the Cost Statement, the cost of the construction supervisor and a construction management fee covering its overhead, profit, and other similar costs not otherwise expressly indicated on the Cost Statement, equal to five percent (5%) of all costs shown on the Cost Statement; provided that no general contractor’s fee or any other fee or profit to any person other than the contractors performing the work shall be included in the Cost Statement. If Lessor’s actual guaranteed cost exceeds Lessee’s budget, Lessee may pay the excess or remove items until the total costs are acceptable to Lessee. Lessor and Lessee shall negotiate in good faith to reduce the costs for construction of the Lessee Interior Improvements by modifying the plans or taking other appropriate actions. Lessor shall not exceed the guaranteed amount without approval of Lessee. Subject to Section 2.1.3, Lessee shall pay its approved share of the cost for construction of the Lessee Interior Improvements on a prorated basis on the 22nd of each month during the construction period. All costs payable by Lessee for construction of the Lessee Interior Improvements shall be subject to verification by Lessee. Lessor guarantees that based on the approved plans, the cost for the improvement shown on the approved plans will not exceed the amounts shown.

COST STATEMENT & LESSEE'S CONTRIBUTION. Prior to Signing of Lease, Lessor shall provide Lessee a preliminary cost estimate which is attached hereto as Exhibit E. Upon completion of all approved working drawings by Lessee, Lessor will prepare for Lessee’s approval a final cost statement which upon completion and approval shall be attached as Exhibit E.1 (the “Phase I Cost Statement”), showing the guaranteed expected construction cost of the Lessee Interior Improvements per for Phase I and the approved plansPhase I TI Allowance. Lessor may include in the Phase I Cost Statement, the cost of the construction supervisor and a construction management fee fee, covering its overhead, profit, and other similar costs not otherwise expressly indicated on the Phase I Cost Statement, equal to five six percent (56%) of all costs shown on the Phase I Cost Statement; Statement provided that no general contractor’s fee or any other fee or profit to any person other than the contractors performing the work shall be included in the Phase I Cost Statement. If Lessor’s actual guaranteed cost exceeds Lessee’s budgetexceed the above, Lessee may pay the excess or remove items until the total costs are acceptable to Lessee. Lessor and Lessee shall negotiate in good faith to reduce the costs for construction of the Lessee Interior Improvements for Phase I by modifying the plans or taking other appropriate actions. actions Lessor shall not exceed the guaranteed amount above without approval of Lessee. Subject to Section 2.1.3, Lessee shall pay its approved share of the cost for construction of the Lessee Interior Improvements on a prorated basis on for Phase I within thirty (30) days after Lessor has provided Lessee with evidence that the 22nd of each month during approved work for the construction periodLessee Interior Improvements for Phase I is complete. All costs payable by Lessee for construction of the Lessee Interior Improvements for Phase I shall be reasonably documented and subject to verification by Lessee. Lessor guarantees that based on the approved plansquantities and amounts set forth in Exhibit E.1, the cost for the improvement shown on the approved plans those items will not exceed the amounts shown.

COST STATEMENT & LESSEE'S CONTRIBUTION. Prior to Signing of Lease, Lessor shall provide and Lessee a preliminary cost estimate which is attached hereto as Exhibit E. Upon completion of all have approved working drawings by Lessee, Lessor will prepare for Lessee’s approval a final the interior cost statement which upon completion and approval shall be attached as Exhibit E.1 E (the “"Cost Statement”"), showing the guaranteed expected construction cost of the Lessee Interior Improvements per the approved plansImprovements. Lessor may include in the Cost Statement, the cost of the construction supervisor and a construction management fee fee, covering its overhead, profit, overhead and other similar costs not otherwise expressly indicated on the Cost Statement, profit equal to five six percent (56%) of all costs shown on the Cost Statement; provided that no general contractor’s fee or Statement plus any other fee or profit to any person other than additional costs approved by Lessee. Based on the contractors performing the work shall be included in quantities, allowances and items listed on the Cost Statement. If Lessor’s actual guaranteed cost exceeds Lessee’s budget, Lessee may pay the excess or remove items until Lessor will guarantee the total costs are acceptable of Lessee Interior Improvements not to Lesseeexceed $40.00 per sq. ft. as an average over the entire project. Lessor and Lessee shall negotiate work together in good faith to reduce the costs for construction of the Lessee Interior Improvements by modifying the plans or taking other appropriate actionsactions if the cost exceeds $40.00 per sq. Lessor shall not exceed the guaranteed amount without approval of Lesseeft. Subject to Section 2.1.3, Lessee shall pay its approved share of the cost cost, ($2.50 per sq. ft.) for construction of the Lessee Interior Improvements on a prorated basis on within fifteen (15) days after the 22nd of each month during Lessor has provided Lessee with evidence that the construction periodapproved work being billed has been installed. All costs payable by Lessee for construction of the Lessee Interior Improvements shall be reasonably documented and subject to verification by Lessee. Notwithstanding the above Lessee agrees that if $40.00 per sq. ft. budget does not cover the 25 private offices required by Lessee, Lessor guarantees that based on the approved plans, the cost for the improvement shown on the approved plans will build those 25 offices upon payment by Lessee to Lessor of an additional amount not to exceed the amounts shown$100,000.

COST STATEMENT & LESSEE'S CONTRIBUTION. Prior to Signing of Lease, Lessor shall provide Lessee a preliminary cost estimate which is attached hereto as Exhibit E. Upon completion of all approved working drawings by Lessee, Lessor will prepare for Lessee’s 's approval a final cost statement which upon completion and approval shall be attached as Exhibit E.1 J (the “"Phase II Cost Statement”"), showing the guaranteed expected construction cost of the Lessee Interior Improvements per the approved plansfor Phase II. Lessor may include in the Phase II Cost Statement, the cost of the construction supervisor and a construction management fee fee, covering its overhead, profit, and other similar costs not otherwise expressly indicated on the Phase II Cost Statement, equal to five six percent (56%) of all costs shown on the Phase II Cost Statement; Statement provided that no general contractor’s 's fee or any other fee or profit to any person other than the contractors performing the work shall be included in the Phase II Cost Statement. If Lessor’s 's actual guaranteed cost exceeds Lessee’s budgetexceed the Thirty Five Dollars ($35) per sq. ft., Lessee may pay the excess in cash, utilize the additional Five Dollars ($5) allowance as set forth above, or remove items until the total costs are acceptable to Lessee. Lessor and Lessee shall negotiate in good faith to reduce the costs for construction of the Lessee Interior Improvements for Phase II by modifying the plans or taking other appropriate actions. actions so that Lessor shall not exceed the guaranteed amount Lessee approved Cost Statement without approval of Lessee. Subject to Section 2.1.3, Lessee shall pay its approved share of the cost for construction of the Lessee Interior Improvements on a prorated basis on for Phase II within thirty (30) days after Lessor has provided Lessee with evidence that the 22nd of each month during approved work for the construction periodLessee Interior Improvements for Phase II is complete. All costs payable by Lessee for construction of the Lessee Interior Improvements for Phase II shall be reasonably documented and subject to verification by Lessee. Lessor guarantees that based on the approved plans, the cost for the improvement shown on the approved plans will not exceed the amounts shown.