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EXHIBIT 1
<br />Lessor of renter the cure of the Breach which Initiated the operation of this paragraph shalt not be deemed a waiver by Lessor of the provisions of this paragraph
<br />unless spedheally so stated in writing by Lessor at the time of such acceptance.
<br />13.4 late charges, lessee hetaby etknowledges that late payment by Lessee of Rent will cause lessor to Incur costs not contemplated bythls lease, the exact
<br />amount of which will be extremely difficult to ascertaln. Such costs Include, but are not limited to, processing and accounting charges, and late charges which maybe
<br />Imposed upon Lessor by any tender. Accordingly, if any pent shall not be recelved by Lessorwittdn s days after such amountshall bedue, then, without any
<br />requirement for notice to lessee, Lesseeshag immediately pay to lessor a one-timelate charge equal to 10%of each such overdue mount or S100, whichever h
<br />greater. The Parties hereby agree that such late charge represents a fair and reasonabte estimate ofthe costs Lessorwlll Incur by reason ofsuch late payment,
<br />Acceptance of such late charge by lessor shalt in no event constitute a waiver of tessee's Oefauft or Breach with reipect to such overdue amount, not prevent the
<br />exercise of any of the other rights and remedies granted hereunder. InAs dLnrrxs ti ••• L ,"w'• t e.. refs ee rt—Al—tedlta,3.00464,uomq
<br />taatracy,-rtaaa4taa4 chah,•al tassar•c apttoar becamrtduwAd payiWa•quartarheus
<br />advaAca,
<br />13.5 Interest. Any monetary payment due Lessor hereunder, other than late charges, not received by lessor, wilen due shall bear interest from the 3tst day
<br />after It was dua. The Interest ('Interest"( charged shallbe computed at the rate of 1o%per annum but shall notexceed the maximum rate allowedby law. Interest It
<br />payable In addition to the potential late thorgeprovtded farm Paragraph 13.4,
<br />0.6 Breach by Lessor.
<br />(a) Notice ofgreach. Lessor shall not be deemed in breach ofthls Lease unless Lessor falls within a reasonable time to perform an obligation required to
<br />be performed by Lessor. For purposes of this Paragraph, a reasonable time shall In no event be less than 30 days after receipt by Lessor, and any Lender whose name
<br />and address shall have been furnished to Lessee in writing for such purpose, of written notice spetifyingwherelnsuch obilgationof Lessor has not been performed;
<br />provided, however, that If the nature of lessor's obligation Is such that more than 30days ate reasonably required for its performance, then lessor shall not be In
<br />breach If performance is commenced within such 30 day period and lhereafterdlggontlypursued tocompieffon,
<br />(b) Performanceby Lessee on Behalf oftessor. in the event that neither lessor nortander curessald breads within 30 days after receipt of said notice,
<br />orll having commented said cure they do not diligently Pursue ittocompletion, then lessee may electto cure said breach at Lessee's expense and offset from Rent
<br />the actual and reasonable cost to perform suchture, provided, however, thatsuch offset shall not exceed an amovnt equal to the greater of one month's Base Rent a
<br />the Security Deposit, reserving lessee's right to seek reimbursement from Lessor for anysuch expense In excenof such offset. Lesseesha6 document the cast of said
<br />cure and supply said documentation to Lessor.
<br />14. Condemnation. 0 the Premises or any portion thereof are taken under the power of eminent domain or sold under the threat of the exercise of said pourer
<br />(oollecttvety"Condemnation'), this lease shallterminate as to the part taken as of the date the condemning authority takes dtleor possession, whichever first occurs.
<br />If more than 10% of the Building, or more than 25% of that portion of the Premises not occupied by any building, Is taken byCondemnation, Lessee may, at Lessee's
<br />option, to be exercised in writing within 10days after lessor shall have given Lessee written notice of such taking (at In the absence ofsuch noth•.e, within 10 days
<br />eater the candemaingauthorlty shall have taken possesslon)terminate this tease mof the date the condemning authority takes such possession. It Lessee does not
<br />terminatethls Leaseln accordance with the faregoing, this Lease shag remain In full forceand affectas to the portion ofthe Promises temaining,except that the Base
<br />Rantshall be reduced In proportion to the reduction In utility of the Premises caused by such Condemnation. Condemnation awards and1or payments shall be the
<br />property of Lessor, whether such award shrill be made as compensation far d Iminutlon In value of the leasehold, the value o f the part taken, or for severance
<br />damages; provlded, however, that tcsseeshall be entitled to any compensation paid by the condemnor for lessee's relocation expenses, loss of business goodwill
<br />and/or Trade Fixtures, without regard towhether or not this Lease Is terminated pursuant to the provisions of this Paragraph, All Alterations and utility Installations
<br />made to the Premfses by lessee, for purposes of Condemnation only, shall beconsldered the property of the lessee and Lessee shall be entitled toany and all
<br />compensation which is payable therefar. in the event that this Lease Is net terminated by reason of the Condemnation, Lessor shall repair any damage to the
<br />Premises caused bysuch Condemnation.
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<br />16. Estoppel certificates.
<br />(a) Each Party(as "Respanding Party") shall within 10 days after wrlitennotice from the other Party (the "Requesting Party -)execute, acknowledge and
<br />deliver to the Requesting Party a statement In writing In form simltartothe then most current'Estoppel Certificate" form published Bf AIR CRE, plus such additional
<br />Information, confirmation and/or statements as maybe reasonably requested by the Requesting Party.
<br />(b) If the RespondingParty shall fall to execute or deliver the Estoppel Certificate within stKit 10 day petlod, the Requesting Party may execute an
<br />Estoppel Certificate stating that: (i) the tease is in f ullforceand effect without modification except as maybe represented by the Requesting Party, (10 there are no
<br />uncured defaults In the Requesting Iraftyrsparformance, and (1111 if lessor is the Requesting Party, not more than me month'stent has been paid in advance.
<br />Prospective purchasers and eacumbrancers may rely upon lheFlequesting Party's Estoppel Certificate, and the Responding Party shall bo estopped fromdenying the
<br />truth of the facts contained In said Casrtlflcate, inaddidon, lessee acknowledges that any fallure an Its part to provide such an Estoppel Certillcatewill expose Lessor
<br />)and potentially cause Lessor to Inturcosts not contemplated by this Lease, the extent of which will be extremely difffcuti to ascertain. Accordingly should the
<br />INITIALS �Ad)S
<br />W 2019AIR CU. All Rights Reserved. Last Edited; 2/25/20219:53 AM
<br />S M-27,30, Reylsed 11.25-2019 Page 11 of 16
<br />City Council 26 — 13 4/19/2022
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