Budget For Tenant Improvements. Before the commencement of construction of the Tenant Improvements, the parties shall agree on a Budget pursuant to Section 2(c) of this Work Letter; provided, however, Tenant shall not be responsible for the following costs: # premiums for payment, performance, mechanics’ lien, completion, and other bonds; # costs that provide for or result in # a general contractor’s fee in excess of the amount permitted pursuant to [Schedule 4], # a contingency line item under the general contractor’s contract in excess of the amount permitted pursuant to [Schedule 4] (unless such costs are the result of a Change, reference being made to Section 4(a) for the delivery of estimates of such costs), or # an allocation for the general contractor’s general conditions in excess of the amount permitted pursuant to [Schedule 4]; # costs incurred to remove, remediate, or abate ACMs, PACMs, lead paint, and other Hazardous Materials; # loan fees, mortgage brokerage fees, interest and

Budget For Tenant Improvements. Before the commencement of construction of the Tenant Improvements, Tenant shall obtain a detailed breakdown, by trade, of the costs incurred or that will be incurred, in connection with the design and construction of the Tenant Improvements (the “Budget”), and deliver a copy of the Budget to Landlord for Landlord’s approval, which shall not be unreasonably withheld or delayed. The Budget shall be based upon the TI Construction Drawings approved by Landlord. The Budget shall include a payment to Landlord of administrative rent (“Administrative Rent”) equal to 1% of the TI Costs (as hereinafter defined), not to exceed $100,000.00, for monitoring and inspecting the construction of the Tenant Improvements, which sum shall be payable from the TI Fund.

Budget For Tenant Improvements. Before the commencement of construction of the Tenant Improvements, Tenant shall obtain a detailed breakdown, by trade, of the costs incurred or that will be incurred, in connection with the design and construction of the Tenant Improvements (the “Budget”), and deliver a copy of the Budget to Landlord for Landlord’s approval, which shall not be unreasonably withheld or delayed. The Budget shall be based upon the TI Construction Drawings approved by Landlord. The Budget shall include a payment to Landlord of administrative rent (“Administrative Rent”) equal to ​ for monitoring and inspecting the construction of the Tenant Improvements, which sum shall be payable from the TI Fund.

Tenant Improvements. Tenant shall be responsible for constructing all improvements in the Expansion Space as required to allow Tenant to use the Expansion Space for Tenant’s Use (the “Expansion Space Improvements”). All Expansion Space Improvements shall be constructed pursuant to plans and specifications reasonably approved by Landlord by a contractor selected by Tenant and reasonably approved by Landlord. Tenant shall not commence construction of the Expansion Space Improvements until the Expansion Date. Landlord shall provide an allowance of Eighty Seven Thousand Five Hundred Forty and No/100 ($87,540.00) (the “Expansion Space Improvement Allowance”) to be used by Tenant for the hard and soft costs of the Expansion Space Improvements. Upon receipt of invoices from Tenant, Landlord shall reimburse Tenant monthly from the Expansion Space Improvement Allowance for Tenant’s costs associated with the Expansion Space Improvements.

Tenant Improvements. Landlord hereby agrees to complete the Tenant Improvements for Suite 690 in accordance with the provisions of [Exhibit X], Work Letter, attached hereto.

Tenant Improvements. The construction of the Tenant Improvements shall be governed by this Work Letter and the provisions of Section 12 of the Lease shall not apply thereto.

Tenant Improvements. Tenant shall design and construct the Tenant Improvements at Tenant’s sole cost and expense, subject to Landlord’s obligation to pay the Improvement Allowance.

Tenant Improvements. Tenant is planning to make improvements to the space. They include, a finished pass through from suite 220 into suite 210, frosting the entry glass into suite 220, adding slats to existing salt wall, adding a new slat wall to create a conference space, removal of the entry fixture, replacement of light fixtures, refinish the reception desk, windows and baseboards. All plans, finishes and fixtures to be approved by the Landlord. The Landlord will facilitate the improvements and hold the contract with the GC. Landlord will pay the invoices and be reimbursed by Tenant. The current cost breakdown is an estimate, depending on final finishes and specs.

Tenant Improvements. Landlord shall cause its contractor to make such improvements to the Premises as may be specified by Tenant and approved by Landlord (“Tenant Improvements”). All such improvements shall be set forth at one time by Tenant as part of a single plan, it being understood that Landlord shall not be required to undertake multiple jobs. All materials and finishes utilized in completing the Tenant Improvements shall be Landlord’s building standard. Should Landlord submit any matter to Tenant for approval, Tenant shall approve or reasonably disapprove same (with reasons specified) within 3 business days.

Tenant Improvements. On June 1, 2028, Landlord shall provide Tenant with a tenant improvement allowance (the “TI Allowance”) of $821,448.00 ($6.00 x 136,908 usable square feet) for tenant improvements (the “Tenant Improvements”) to be made by Landlord to the Premises. The Parties shall exert good faith, commercially reasonable efforts to agree on the Tenant Improvements and a budget therefor. Such agreed on Tenant Improvements shall then be made by Landlord in accordance with such budget as soon as reasonably practicable after such agreement. Tenant shall pay to Landlord all costs and expenses incurred by Landlord in connection with the Tenant Improvements, less the TI Allowance, within thirty (30) days after the date of an invoice therefor, which invoice may be delivered prior to the commencement of construction. If all or any portion of the TI Allowance is not used on or before May 31, 2029, the TI Allowance or such portion that is not used shall be lost and shall no longer be available to Tenant.