Common use of CC&Rs Clause in Contracts

CC&Rs. Tenant shall comply with all recorded covenants, conditions, and restrictions currently affecting the Project (the “Current CC&Rs”) on the date of this Lease. Additionally, Tenant acknowledges that the Project may be subject to any future covenants, conditions, and restrictions and/or amendments to the Current CC&Rs (in any such event, the “Future CC&Rs”) which are commercially reasonably necessary for the development of the Project, and Tenant agrees that this Lease shall be subject and subordinate to the Current CC&Rs and such Future CC&Rs (collectively, the “CC&Rs”). Notwithstanding anything herein to the contrary, Tenant shall have the right to approve Future CC&R’s if Tenant is the only tenant of the Building and no uncured default by Tenant then exists, such approval not to be unreasonably withheld, conditioned or delayed. Landlord shall have the right to require Tenant to execute and acknowledge, within ten (10) business days of a request by Landlord, a “Recognition of Covenants, Conditions, and Restrictions,” in a form substantially similar to that attached hereto as Exhibit F and made a part hereof for all purposes, agreeing to and acknowledging the CC&Rs.

CC&Rs. Tenant shall comply with all recorded covenants, conditions, and ----- restrictions currently affecting the Project (the “Current CC&Rs”) on the date of this LeaseProject. Additionally, Tenant acknowledges that it is anticipated that the Project may will be subject to any that certain "Declaration of Covenants, Conditions and Restriction for Sorrento Gateway," a substantially complete copy of which is attached hereto as EXHIBIT F-1, and may ----------- be subject to amendments and modifications thereto as well as additional future covenants, conditions, conditions and restrictions and/or amendments to the Current CC&Rs (in any such eventcollectively, the “Future CC&Rs”"CC&RS") which are commercially Landlord deems reasonably necessary for and/or desirable (provided, however, such amendments and/or modifications do not prohibit the development Permitted Use in the Project and do not materially adversely interfere with Tenant's use and enjoyment of the ProjectPremises, and Tenant agrees that this Lease shall be subject and subordinate to the Current CC&Rs and such Future CC&Rs (collectively, the “CC&Rs”). Notwithstanding anything herein to the contrary, Tenant shall have the right to approve Future CC&R’s if Tenant is the only tenant of the Building and no uncured default by Tenant then exists, such approval not to be unreasonably withheld, conditioned or delayed. Landlord shall have the right to require Tenant to execute and acknowledge, within ten fifteen (1015) business days of a request by Landlord, a “"Recognition of Covenants, Conditions, and RestrictionsRestriction,” " in a form substantially similar to that attached hereto as Exhibit F and made a part hereof for all purposesEXHIBIT F-2, agreeing to and ----------- acknowledging the CC&Rs.

CC&Rs. Tenant shall comply with all recorded covenants, conditions, and restrictions currently affecting the Project (the “Current CC&Rs”) on the date of this LeaseProject. Additionally, Tenant acknowledges that the Project ./ -/// -23- K▇▇▇▇▇ R▇▇▇▇▇, L.P. [ACADIA Pharmaceuticals Inc.] may be subject to any future covenants, conditions, and restrictions and/or amendments to the Current CC&Rs (in any such event, the “Future CC&Rs”) which are commercially Landlord, in Landlord’s discretion, deems reasonably necessary for the development of the Projector desirable, and Tenant T▇▇▇▇▇ agrees that this Lease shall be subject and subordinate to the Current such CC&Rs; provided, however, any such future CC&Rs shall not (i) materially and such Future CC&Rs adversely affect Tenant’s rights under this Lease, (collectively, the “CC&Rs”). Notwithstanding anything herein to the contrary, Tenant shall have the right to approve Future CC&Rii) adversely affect Tenant’s if Tenant is the only tenant use of the Building and no uncured default by Tenant then existsPremises for the Permitted Use, such approval not to be unreasonably withheldor (iii) materially increase Tenant’s monetary obligations under this Lease (i.e., conditioned or delayedother than in a de minimis manner). Landlord shall have the right to require Tenant to execute and acknowledge, within ten fifteen (1015) business days of a request by Landlord, a “Recognition of Covenants, Conditions, and RestrictionsRestriction,” in a form substantially similar to that attached hereto as Exhibit F and made a part hereof for all purposesF, agreeing to and acknowledging the CC&Rs.

CC&Rs. Tenant shall comply with all recorded covenants, conditions, and restrictions currently affecting the Project (the “Current CC&Rs”) on the date of this LeaseProject. Additionally, Tenant acknowledges that the Project may be subject to any future covenants, conditions, and restrictions and/or amendments to (the Current CC&Rs (in any such event, the “Future "CC&Rs”") which are commercially Landlord, in Landlord's discretion, deems reasonably necessary for the development of the Projector desirable, and Tenant agrees that this Lease shall be subject and subordinate to the Current CC&Rs and such Future CC&Rs (collectively, the “CC&Rs”). Notwithstanding anything herein to the contrary, Tenant shall have the right to approve Future CC&R’s if Tenant is the only tenant of the Building and no uncured default by Tenant then exists, such approval not to be unreasonably withheld, conditioned or delayed. Landlord shall have the right to require Tenant to execute and acknowledge, within ten fifteen (1015) business days of a request by Landlord, a “"Recognition of Covenants, Conditions, and RestrictionsRestriction,” " in a form substantially similar to that attached hereto as Exhibit F and made a part hereof for all purposesF, agreeing to and acknowledging the CC&Rs. Notwithstanding anything to the contrary herein, Tenant shall only be required to abide by, and have this Lease subject to, any such future CC&Rs to the extent such future CC&Rs do not (i) adversely affect Tenant's rights under this Lease, (ii) adversely affect Tenant's use of the Premises for the Permitted Use, or (iii) increase Tenant's monetary obligations under this Lease, in more than a de minimis manner.

CC&Rs. Tenant shall comply with all recorded covenants, conditions, ----- and restrictions currently affecting the Project (the “Current CC&Rs”) on the date of this LeaseProject. Additionally, Tenant acknowledges that it is anticipated that the Project will be subject to that certain "Declaration of Covenants, Conditions and Restriction for Sorrento Gateway," a substantially complete copy of which is attached hereto as EXHIBIT F-1, and may be subject to any amendments and modifications thereto as well ----------- as additional future covenants, conditions, conditions and restrictions and/or amendments to the Current CC&Rs (in any such eventcollectively, the “Future CC&Rs”"CC&RS") which are commercially Landlord deems reasonably necessary for and/or desirable (provided, however, such amendments and/or modifications do not prohibit the development Permitted Use in the Project and do not materially adversely interfere with Tenant's use and enjoyment of the ProjectPremises, and Tenant agrees that this Lease shall be subject and subordinate to the Current CC&Rs and such Future CC&Rs (collectively, the “CC&Rs”). Notwithstanding anything herein to the contrary, Tenant shall have the right to approve Future CC&R’s if Tenant is the only tenant of the Building and no uncured default by Tenant then exists, such approval not to be unreasonably withheld, conditioned or delayed. Landlord shall have the right to require Tenant to execute and acknowledge, within ten fifteen (1015) business days of a request by Landlord, a “"Recognition of Covenants, Conditions, and RestrictionsRestriction,” " in a form substantially similar to that attached hereto as Exhibit F and made a part hereof for all purposesEXHIBIT F-2, agreeing to and ----------- acknowledging the CC&Rs.

CC&Rs. Tenant shall comply with all recorded covenants, conditions, and restrictions currently affecting the Project (the “Current CC&Rs”) on the date of this LeaseProject. Additionally, Tenant acknowledges that it is anticipated that the Project may will be subject to any future covenantsthat certain "Declaration of Covenants, conditions, Conditions and restrictions and/or amendments to Restriction for Sorrento Rim Business Park," a substantially complete copy of which is attached hereto as EXHIBIT F-1 (the Current CC&Rs (in any such event, the “Future CC&Rs”"CC&RS") which are commercially Landlord deems reasonably necessary for the development of the Projectand/or desirable, and Tenant agrees that this Lease shall be subject and subordinate to the Current CC&Rs and such Future CC&Rs (collectively, the “CC&Rs”). Notwithstanding anything herein to the contrary, Tenant shall have the right to approve Future CC&R’s if Tenant is the only tenant of the Building and no uncured default by Tenant then exists, such approval not to be unreasonably withheld, conditioned or delayed. Landlord shall have the right to require Tenant to execute and acknowledge, within ten fifteen (1015) business days of a request by Landlord, a “"Recognition of Covenants, Conditions, and RestrictionsRestriction,” " in a form substantially similar to that attached hereto as Exhibit F and made a part hereof for all purposesEXHIBIT F-2, agreeing to and acknowledging the CC&Rs or any amendment, modification or replacement of such CC&Rs; provided, however, that no changes are made to the substantially complete CC&Rs attached hereto (whether in such CC&Rs or such amendment, modification or replacement thereof), which have a material negative impact on the Project, Premises or Tenant's permitted use, occupancy and enjoyment thereof or Tenant's rights under this Lease.