NEWPORT ASSET MANAGEMENT GROUP, LLC. 1 - 2015

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calculating these time frames, weekends, federal, state, County or City holidays shall be excluded. Section 8.03 Binding on Heirs and Successors This Agreement shall be binding on and shall inure to the benefit of the heirs, executors, administrators, successors, and assigns of the parties hereto. The provisions of this Section shall not be deemed to be a waiver of any of the conditions against assignment set forth herein. Section 8.04 Partial Invalidity Should any provision of this Agreement be held by a court of competent jurisdiction to be either invalid, void, or unenforceable, the remaining provisions of this Agreement shall remain in full force and effect unimpaired by the holding, so long as the reasonable expectations of the parties hereto are not materially impaired. Section 8.05 Waste or Nuisance Tenant shall not commit or permit the commission by others of any waste on the Premises. Tenant shall not maintain, commit, or permit the maintenance or commission of any nuisance as defined in Section 3479 and/or Section 3430 of the California Civil Code on the Premises; and Tenant shall not use or permit the use of the Premises for any unlawful purpose. Section 8.06 Time of Essence Time is expressly declared to be of the essence in this Agreement. Section 8.07 Governing Law This Agreement has been executed and delivered in the State of California and the validity, interpretation, performance, and enforcement of any of the clauses of this Agreement shall be determined and governed by the laws of the State of California. Both parties further agree that Orange County, California, shall be the venue for any action or proceeding that may be brought or arise out of, in connection with or by reason of this Agreement. Section 8.08 Survival Terms and conditions of this Agreement which by their sense and context survive the tennination or expiration of this Agreement, shall so survive.