Common use of Work Cost Estimate and Statement Clause in Contracts

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant Improvements, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “Work Cost Estimate”). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Upon Tenant’s approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “Work Cost Statement”), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost Statement. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement Allowance, Tenant agrees to pay such excess, as Additional Rent, (a) fifty percent (50%) within five (5) business days after Tenant’s approval of the Work Cost Estimate and the remaining fifty percent (50%) upon substantial completion of the Tenant Improvements. If, after the Final Plans have been prepared and the Work Cost Statement has been established, Tenant requires any changes or substitutions to Final Plans, any additional costs related thereto are to be paid by Tenant to Landlord within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for above.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “"Work Cost Estimate”"). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s 's approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “"Work Cost Statement”"), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Paragraph 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Paragraph 5 below, Tenant agrees to pay such excess, as Additional Rentadditional rent, (a) fifty percent (50%) within five (5) business days after Tenant’s 's approval of the Work Cost Estimate and Estimate. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for abovethereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “"Work Cost Estimate”"). Landlord will use reasonable efforts to ensure it receives competitive bids for the Tenant Improvement Work. Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s 's approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “"Work Cost Statement”"), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Paragraph 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Paragraph 5 below, Tenant agrees to pay such excess, as Additional Rentadditional rent, (a) fifty percent (50%) within five (5) business days after Tenant’s 's approval of the Work Cost Estimate and Estimate. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for abovethereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the New Premises are located (the “Work Cost Estimate”). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “Work Cost Statement”), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Section 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Section 5 below, Tenant Txxxxx agrees to pay such excess, as Additional Rent, (a) fifty percent (50%) within five (5) business days after Tenant’s approval of the Work Cost Estimate and Estimate. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for abovethereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of ------------------------------------ construction of any of the Tenant Improvements shown on the Final Plans, Landlord will competitively bid the Tenant Improvement Work to a minimum of three (3) general contractors approved by Landlord, in Landlord's sole and absolute discretion. Landlord shall select the lowest qualified bid and shall submit to Tenant a written estimate of the cost (the “"Work Cost”") to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are is located (the “"Work Cost Estimate”"). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s 's approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “"Work Cost Statement”"), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Section 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Section 5 below, Tenant agrees to pay such excess, as Additional Rentadditional rent, (a) fifty percent (50%) within five (5) business days after Tenant’s 's approval of the Work Cost Estimate and Estimate. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for abovethereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the New Premises are located (the “Work Cost Estimate”), and competitively bid by at least 3 subs for each trade (to the extent reasonably practicable). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “Work Cost Statement”), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Section 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Section 5 below, Tenant agrees to pay such excess, as Additional RentRent as invoiced after the allowance has been expended in full. Throughout the course of construction, (a) fifty percent (50%) within five (5) business days after Tenant’s approval of any differences between the estimated Work Cost Estimate and the remaining fifty percent (50%) upon substantial completion of the Tenant Improvements. If, after the Final Plans have been prepared and in the Work Cost Statement has been established, Tenant requires any changes or substitutions to Final Plans, any additional costs related thereto are to be paid by Tenant to Landlord within five (5) business days after invoice therefor. Any changes to and the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the actual Work Cost Statement to will be revised and agreed upon between determined by Landlord and Tenant appropriate adjustments and paid payments by Landlord or Tenant, as provided for abovethe case may be.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction and in accordance with the Design and Construction Schedule, Tenant will submit to Landlord a written good faith reasonable estimate of any of the total cost to Complete the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work CostCost Estimate”) to complete the Tenant Improvements), which written estimate will (i) be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City of San Diego if and to the extent approved by Landlord (whether in Landlord’s sole and absolute discretion or County in which Landlord’s reasonable discretion, as applicable, depending on the Premises are located modifications), (ii) include estimates on a line item basis and (iii) include reasonably detailed substantiation of the “Work Cost Estimate”)estimate. Tenant Landlord will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord Tenant revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Upon Tenant’s Submission and approval of the Work Cost Estimate (such approved will proceed until Landlord approves the Work Cost Estimate. The Work Cost Estimate to be ultimately approved by Landlord is hereinafter known as the “Work Cost Statement”). Tenant shall be solely responsible for, Landlord will have and shall pay, one hundred percent (100%) of all costs and expenses that are not expressly within the right to purchase materials and to commence the construction scope of the items included in the Work Cost Statement. If the total costs reflected in the Work Cost Statement exceed Section 5(a) below for which the Tenant Improvement AllowanceAllowance may be applied. Also, Tenant agrees to shall pay such excess, as Additional Rent, (a) fifty one hundred percent (50100%) within five (5) business days after Tenant’s approval of the Work Cost Estimate excess of the costs and expenses of the remaining fifty percent (50%) upon substantial completion items within the scope of the Tenant Improvements. If, after Allowance exceeding the Final Plans have been prepared and the Work Cost Statement has been established, Tenant requires any changes or substitutions to Final Plans, any additional costs related thereto are to be paid by Tenant to Landlord within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for aboveAllowance.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the New Premises are is located (the “"Work Cost Estimate”"). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s 's approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “"Work Cost Statement”"), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Section 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance as described in Section 5(b) below, Tenant agrees to pay such excess, as Additional Rentadditional rent, within ten (a) fifty percent (50%) within five (510) business days after Tenant’s 's approval of the Work Cost Estimate and or amortize such excess pursuant to Section 5(b) below. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five ten (510) business days after invoice therefor. Any changes thereafter, or amortize such excess pursuant to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for aboveSection 5(b) below.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Allowance Improvements shown on the Allowance Improvement Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant Allowance Improvements, which written estimate will be based on the Allowance Improvement Final Plans taking into account any modifications which may be required to reflect changes in the Allowance Improvements Final Plans required by the City or County in which the Premises are located (the “Work Cost Estimate”). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Allowance Improvement Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “Work Cost Statement”), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Section 3.10 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Section 3.9 below, Tenant agrees to pay such excess, as Additional Rentadditional rent, within twenty (a20) fifty percent (50%) within five (5) business days after Tenant’s approval of the Work Cost Estimate and Estimate. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been established, Tenant requires any changes or substitutions to Final Plans, any additional costs related thereto are to be paid by Tenant to Landlord within five (5) business days after invoice therefor. Any changes to and the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the actual Work Cost Statement to will be revised and agreed upon between determined by Landlord and Tenant approved by Tenant, and paid appropriate adjustments and payments by Landlord or Tenant, as provided for abovethe case may be, will be made within twenty (20) days thereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord Tenant will submit to Tenant obtain a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work (the "Work Cost"), which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “"Work Cost Estimate”"). Landlord and Tenant will either approve the Work Cost Estimate or disapprove specific items and submit in which event Tenant will cause Tenant's Architect to Landlord revisions to revise the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Upon Tenant’s approval of the Work Cost Estimate by Landlord and Tenant (such approved Work Cost Estimate to be hereinafter known as the “"Work Cost Statement”"), Landlord will have the right to purchase materials and Tenant shall cause its contractor to commence the construction of the items included in the Work Cost StatementStatement pursuant to Paragraph 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Paragraph 5 below, Tenant agrees to pay such excess, as Additional Rent, (a) fifty percent (50%) within five (5) business days after Tenant’s approval excess on a pro rata basis concurrently with Landlord's disbursement of the Allowance. Throughout the course of construction, any differences between the estimated Work Cost Estimate and the remaining fifty percent (50%) upon substantial completion of the Tenant Improvements. If, after the Final Plans have been prepared and in the Work Cost Statement has been established, Tenant requires any changes or substitutions to Final Plans, any additional costs related thereto are to be paid by Tenant to Landlord within five (5) business days after invoice therefor. Any changes to and the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the actual Work Cost Statement to will be revised and agreed upon between reasonably determined by Landlord and Tenant and paid appropriate adjustments and payments by Landlord or Tenant, as provided for abovethe case may be, will be made promptly thereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord Tenant will submit to Tenant obtain a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on competitive bidding of the Final Plans (by at least 3 subcontractors on trades exceeding $25,000 in contract value) taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “"Work Cost Estimate”"). Landlord and Tenant will either approve the Work Cost Estimate or disapprove specific items and submit in which event Tenant will cause its Architect to Landlord revisions to revise the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Upon Tenant’s approval of the Work Cost Estimate by Landlord and Tenant (such approved Work Cost Estimate to be hereinafter known as the “"Work Cost Statement”"), Landlord will have the right to purchase materials and Tenant shall cause its contractor to commence the construction of the items included in the Work Cost StatementStatement pursuant to Paragraph 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Allowance described in Paragraph 5 below, such excess shall be paid by Tenant Improvement Allowance, Tenant agrees to pay such excess, as Additional Rent, (a) fifty percent (50%) within five (5) business days after Tenant’s approval on a pro-rata basis concurrently with Landlord's disbursement of the Allowance. Throughout the course of construction, any differences between the estimated Work Cost Estimate and the remaining fifty percent (50%) upon substantial completion of the Tenant Improvements. If, after the Final Plans have been prepared and in the Work Cost Statement has been established, Tenant requires any changes or substitutions to Final Plans, any additional costs related thereto are to be paid by Tenant to Landlord within five (5) business days after invoice therefor. Any changes to and the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the actual Work Cost Statement to will be revised and agreed upon between reasonably determined by Landlord and Tenant and paid appropriate adjustments and payments by Landlord or Tenant, as provided for abovethe case may be, will be made promptly thereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, including hard and soft costs as itemized in Paragraph 5(a) below (collectively, the "Work Cost") which written estimate will be based on the Final Plans bid submitted by the successful general contractor, taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “"Work Cost Estimate”"). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s 's approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “"Work Cost Statement”"), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Paragraph 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Paragraph 5 below, Tenant agrees to pay such excess, as Additional Rentadditional rent, (a) fifty percent (50%) within five (5) business days after Tenant’s 's approval of the Work Cost Estimate and Estimate. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for abovethereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final PlansConstruction Drawings, as provided in the Work Schedule, Landlord will submit require Contractor to bid the Construction Drawings to three (3) subcontractors in each principal trade for the construction of the Tenant Improvements, which bids shall include any qualified subcontractors selected by Tenant and provided to Landlord in writing in a timely manner. Based in part on the bids selected by Contractor, Contractor shall prepare a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications Construction Drawings provided to Contractor (which may or may not be required to reflect changes a final version thereof). Landlord shall take such estimate and prepare a report which includes other costs of the work and fees such as space planning, architectural, engineering, supervision, insurance, and other soft costs incurred in the Final Plans required by the City or County in which the Premises are located connection therewith (the “"Work Cost Estimate”"). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans Construction Drawings to reflect deletions of and/or substitutions for such disapproved items, and delays attributable to such changes shall be Tenant Delays. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s 's written approval of the Work Cost Estimate (such approved Work Cost Estimate is referred to be hereinafter known herein as the “"Work Cost Statement”"), Landlord will have the right to cause Contractor to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Paragraph 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement Allowancesum of the Allowance (defined below), Tenant agrees to pay such excess, as Additional Rent, (a) fifty percent (50%) excess without notice within five (5) business days after Tenant’s 's approval of the Work Cost Estimate and the remaining fifty percent (50%) upon substantial completion of the Tenant Improvements. If, after the Final Plans have been prepared and the Work Cost Statement has been established, Tenant requires any changes or substitutions to Final Plans, any additional costs related thereto are to be paid by Tenant to Landlord within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for aboveEstimate.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant Improvements, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “Work Cost Estimate”). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “Work Cost Statement”), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Section 4 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement Allowance or Expansion Space Allowance, respectively, Tenant agrees to pay such excess, as Additional Rentadditional rent, (a) fifty percent (50%) within five (5) business days Business Days after Tenant’s approval of the Work Cost Estimate and Estimate. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for aboveBusiness Days thereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of -------------------------------- construction of any of the Tenant Improvements shown on the Final PlansPlan, as provided in the Work Schedule, Landlord will cause the Contractor to submit to Landlord and Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking which shall not take into account any modifications which may be required to reflect changes in the Final Plans required by the City or County City, County, Fire Department, Architectural Control Committee, and other governmental approvals in which the Premises are located together with all space planning, architectural engineering, supervision and other costs incurred in connection therewith (the “"Work Cost Estimate”"). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items, and delays attributable to such changes shall be Tenant Delays, if and to the extent provided pursuant to Paragraph 8 below. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s 's written approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “"Work Cost Statement”"), Landlord will have cause the right Contractor to purchase materials and to commence the construction of the items included in the Work Cost Statement pursuant to Paragraph 6 hereof. The Work Cost Statement will include a guaranteed maximum price contract with the Contractor, subject to allowances where the scope of the work is not specifically defined, and such Work Cost Statement will not materially change without the prior consent of Tenant, unless such change is caused by a governmental requirement or such other third party requirement (other than with respect to the changes set forth in the guaranteed maximum price contract) beyond the control of Landlord, and in such event, Landlord will promptly notify Tenant of such requirement and corresponding change to the Work Cost Statement. In connection with the work set forth in the Work Cost Statement, the Contractor shall cap its fee for overhead and profit and its budget for general conditions at an amount not to exceed ten percent (10%) of the guaranteed maximum price contract. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance as more specifically described in Paragraph 5 below, Tenant agrees to pay such excess, as Additional Rent, excess within twenty (a20) fifty percent (50%) within five (5) business days after Tenant’s approval billing therefor by Landlord without further notice (provided that such billed amount reflects work performed), and Landlord's billing will be within thirty (30) days of the date that said funds are due by Landlord to its contractor or subcontractor. Throughout the course of construction, any differences between the estimated Work Cost in the Work Cost Estimate Statement and the remaining fifty percent actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, as the case may be, will be made within twenty (50%20) upon substantial days of billing, as set forth above. Delays in completion of the Tenant Improvements. If, after the Final Plans have been prepared and the Work Cost Statement has been established, Improvements shall be Tenant requires any changes or substitutions to Final Plans, any additional costs related thereto are to be paid by Tenant to Landlord within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans willDelays, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for abovecaused by matters set forth in Paragraph 8 below.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “"Work Cost Estimate”"). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s 's approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “"Work Cost Statement”"), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Paragraph 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Paragraph 5 below, Tenant agrees to pay such excess, as Additional Rentadditional rent, (a) fifty percent (50%) within five (5) business days after Tenant’s 's approval of the Work Cost Estimate and Estimate. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, EXHIBIT "C" -2- any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for abovethereafter.

Work Cost Estimate and Statement. Landlord shall select The parties acknowledge and agree that the fixed fees of the general contractor for plus the Tenant Improvementsfixed general conditions costs and the change order fees of the general contractor and subcontractor markup on materials shall be as stated in the Construction Contract (as defined below), but shall be subject to adjustment as expressly provided in the Construction Contract. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final PlansPlans that is to be performed by a subcontractor (as defined in the Construction Contract), Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the applicable portion of the Tenant ImprovementsImprovement Work to be performed by such subcontractor (each, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “a "Work Cost Estimate”"). Tenant will either approve the applicable Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of each Work Cost Estimate will proceed in accordance with the Work Schedule but in any event within two (2) business days after delivery to Tenant. Tenant's failure to either approve or disapprove of any applicable Work Cost Estimate will be deemed to be Tenant's approval thereof. Upon Tenant’s 's approval of the applicable Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “a "Work Cost Statement”"), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost Statement. If the total costs reflected in the applicable Work Cost Statement exceed the Tenant Improvement Allowance, Tenant agrees pursuant to pay such excess, as Additional Rent, (a) fifty percent (50%) within five (5) business days after Tenant’s approval of the Work Cost Estimate and the remaining fifty percent (50%) upon substantial completion of the Tenant Improvements. If, after the Final Plans have been prepared and the Work Cost Statement has been established, Tenant requires any changes or substitutions to Final Plans, any additional costs related thereto are to be paid by Tenant to Landlord within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for aboveSection 7 hereof.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of -------------------------------- construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “"Work Cost Estimate”"). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s 's approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “"Work Cost Statement”"), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Paragraph 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Paragraph 5 below, Tenant agrees to pay such excess, as Additional Rentadditional rent, (a) fifty percent (50%) within five (5) business days after Tenant’s 's approval of the Work Cost Estimate and Estimate. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for abovethereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the New Premises are is located (the “Work Cost Estimate”). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “Work Cost Statement”), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Section 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance as described in Section 5(b) below, Tenant agrees to pay such excess, as Additional Rentadditional rent, within fifteen (a) fifty percent (50%) within five (515) business days after Tenant’s approval of the Work Cost Estimate and or amortize such excess pursuant to Section 5(b) below. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five ten (510) business days after invoice therefor. Any changes thereafter, or amortize such excess pursuant to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for aboveSection 5(b) below.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant Improvements, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “Work Cost Estimate”). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Upon Tenant’s approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “Work Cost Statement”), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost Statement. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement Allowance, Tenant agrees to pay such excess, as Additional Rent, (a) fifty percent (50%) within five (5) business days after Tenant’s approval of the Work Cost Estimate and the remaining fifty percent (50%) upon substantial completion of the Tenant Improvements. Iflf, after the Final Plans have been prepared and the Work Cost Statement has been established, Tenant requires any changes or substitutions to Final Plans, any additional costs related thereto are to be paid by Tenant to Landlord within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for above.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “Work Cost Estimate”). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “Work Cost Statement”), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Section 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Section 5 below, Tenant agrees to pay such excess, as Additional Rent, (a) fifty percent (50%) within five (5) business days after Tenant’s approval of the Work Cost Estimate and the remaining fifty percent (50%) upon substantial completion of the Tenant Improvements. If, after the Final Plans have been prepared and the Work Cost Statement has been established, Tenant requires any changes or substitutions to Final Plans, any additional costs related thereto are to be paid by Tenant to Landlord within five (5) business days after Tenant’s receipt of Landlord’s invoice therefor. Any changes to Throughout the Final Plans requires Landlord’s prior written approvalcourse of construction, which approval shall not be unreasonably withheld. Changes to any differences between the Final Plans will, if necessary, require estimated Work Cost in the Work Cost Statement to and the actual Work Cost will be revised and agreed upon between determined by Landlord and appropriate adjustments and payments by Tenant and paid as provided for abovewill be made within five (5) business days after Landlord’s invoice therefor.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of -------------------------------- construction of any of the Tenant Improvements shown on the Final Plans, Landlord will cause the Approved Contractor to submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “"Work Cost Estimate”"). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s 's approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “"Work Cost Statement”"), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Paragraph 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Paragraph 5 below, Tenant agrees to pay such excess, as Additional Rentadditional rent, (a) fifty percent (50%) within five (5) business days after Tenant’s 's approval of the Work Cost Estimate and Estimate. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for abovethereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will competitively bid the Final Plans to a minimum of three (3) contractors (one of which shall be chosen by Tenant) and thereafter submit to Tenant a copy of the bids. The bids shall be based upon a Stipulated Sum Contract with the contractor and shall include a written estimate of the cost to complete the Tenant Improvement Work (the “Work Cost”) to complete the Tenant Improvements), which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are is located (the “Work Cost Estimate”). Landlord and Tenant shall jointly select the contractor based upon the final bids received. Once the contractor has been selected, Tenant will either approve the Work Cost Estimate or disapprove specific items and/or value engineer the Work Cost Estimate, and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “Work Cost Statement”), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Section 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Section 5 below, Tenant agrees to pay such excess, as Additional Rent, (a) fifty percent (50%) within five (5) business days after Tenant’s approval of the Work Cost Estimate and Estimate. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for abovethereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “"Work Cost Estimate”"). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s 's approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “"Work Cost Statement”"), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Paragraph 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Paragraph 5 below, Tenant agrees to pay one-half of such excess, as Additional Rentadditional rent, (a) fifty percent (50%) within five (5) business days after Tenant’s 's approval of the Work Cost Estimate and the remaining fifty percent (50%) upon remainder at substantial completion as defined in Paragraph 8(b) of this Work Letter Agreement. Throughout the Tenant Improvements. Ifcourse of construction, after any differences between the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for abovethereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Leasehold Improvements shown on the Final Plans, Landlord will shall submit to Tenant a written estimate of Work Cost of the cost (the “Work Cost”) to complete the Tenant Leasehold Improvements, which written estimate will shall be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “Work Cost Estimate”)Plans. Tenant will shall either approve the Work Cost Estimate estimate or disapprove specific items and submit to Landlord revisions to the of Final Plans to reflect deletions the deletion of and/or substitutions substitution for such disapproved items. Failure of Tenant to disapprove any specific items within five (5) business days of the submission of such estimate (as the same may be revised) shall be deemed approval thereof. Upon Tenant’s 's approval of the Work Cost Estimate (said estimate, such approved Work Cost Estimate estimate to be hereinafter known as the “"Work Cost Statement”), ," Landlord will shall have the right to purchase materials and to commence the construction of the items included in the said Work Cost StatementStatement pursuant to Paragraph 4 hereof. If In the event the total costs reflected in the Work Cost Statement exceed the Tenant Improvement Allowance, Tenant agrees to shall pay such excess, as Additional Rentadditional rent, within fifteen (a15) fifty percent (50%) within five (5) business days after Tenant’s approval Tenant receives an invoice from Landlord (which invoice may be given prior to installation of the Leasehold Improvements). Any differences between the estimated Work Cost Estimate and the remaining fifty percent (50%) upon substantial completion of the Tenant Improvements. If, after the Final Plans have been prepared and in the Work Cost Statement has been established, Tenant requires any changes or substitutions to Final Plans, any additional costs related thereto are to be paid by Tenant to Landlord within five (5) business days after invoice therefor. Any changes to and the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the actual Work Cost Statement to shall be revised and agreed upon between determined by Landlord and Tenant appropriate adjustments and paid payments by Landlord or Tenant, as provided for abovethe case may be, shall be made within fifteen (15) days thereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the Premises are located (the “"Work Cost Estimate”"). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s 's approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “"Work Cost Statement”"), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Paragraph. 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance described in Paragraph 5 below, Tenant agrees to pay such excess, as Additional Rentadditional rent, (a) fifty percent (50%) within five (5) business days after Tenant’s 's approval of the Work Cost Estimate and Estimate. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for abovethereafter.

Work Cost Estimate and Statement. Landlord shall select the general contractor for the Tenant Improvements. Prior to the commencement of construction of any of the Tenant Improvements shown on the Final Plans, Landlord will submit to Tenant a written estimate of the cost (the “Work Cost”) to complete the Tenant ImprovementsImprovement Work, which written estimate will be based on the Final Plans taking into account any modifications which may be required to reflect changes in the Final Plans required by the City or County in which the New Premises are located (the “Work Cost Estimate”). Tenant will either approve the Work Cost Estimate or disapprove specific items and submit to Landlord revisions to the Final Plans to reflect deletions of and/or substitutions for such disapproved items. Submission and approval of the Work Cost Estimate will proceed in accordance with the Work Schedule. Upon Tenant’s approval of the Work Cost Estimate (such approved Work Cost Estimate to be hereinafter known as the “Work Cost Statement”), Landlord will have the right to purchase materials and to commence the construction of the items included in the Work Cost StatementStatement pursuant to Section 6 hereof. If the total costs reflected in the Work Cost Statement exceed the Tenant Improvement AllowanceAllowance and Additional Allowance described in Section 5 below, Tenant agrees to pay such excess, as Additional Rent, (a) fifty percent (50%) within five (5) business days after Tenant’s approval of the Work Cost Estimate and Estimate. Throughout the remaining fifty percent (50%) upon substantial completion course of construction, any differences between the Tenant Improvements. If, after the Final Plans have been prepared and estimated Work Cost in the Work Cost Statement has been establishedand the actual Work Cost will be determined by Landlord and appropriate adjustments and payments by Landlord or Tenant, Tenant requires any changes or substitutions to Final Plansas the case may be, any additional costs related thereto are to will be paid by Tenant to Landlord made within five (5) business days after invoice therefor. Any changes to the Final Plans requires Landlord’s prior written approval, which approval shall not be unreasonably withheld. Changes to the Final Plans will, if necessary, require the Work Cost Statement to be revised and agreed upon between Landlord and Tenant and paid as provided for abovethereafter.