Common use of Initial Lease Term Clause in Contracts

Initial Lease Term. The terms and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of Rent. The term of this Lease (the "Lease Term") shall be as set forth in Section 7.1 of the Summary and shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 of the Summary, and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "Lease Year" shall mean each consecutive twelve (12) month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) month thereafter and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, which notice Tenant shall execute and return to Landlord within five (5) days of receipt thereof, and thereafter the dates set forth on such notice shall be conclusive and binding upon Tenant. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exception.

Initial Lease Term. The terms TCCs and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "Lease Term") shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date set forth in Section 3.2 of the Summary (the "Lease Commencement Date") set forth in Section 7.2 of the Summary), and shall terminate on the date set forth in Section 3.3 of the Summary (the "Lease Expiration Date") set forth in Section 7.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord Notwithstanding the Original Premises under the Original Leases. foregoing, Landlord and Tenant agree that that, if the ▇▇▇▇▇▇▇▇▇ is terminated prior to March 31, 2020, and Tenant is not then in default under this Lease beyond any applicable notice and cure period, then Landlord and Tenant shall enter into a direct lease with respect to the Phase 2 Premises on the Lease Commencement Datesame terms and conditions of the ▇▇▇▇▇▇▇▇▇ from the date of such execution through March 31, 2020. Tenant hereby acknowledges that the Original Leases Phase 1 Premises is currently occupied by another tenant of the Building. If Landlord is unable for any reason to deliver possession of the Phase 1 Premises to Tenant on any specific date, then Landlord shall immediately terminate not be subject to any liability for its failure to do so, and be such failure shall not affect the validity of no further force or effect and this Lease shall govern Tenant's lease or the obligations of the entirety of the PremisesTenant hereunder. For purposes of this Lease, the term "Lease Year" shall mean each consecutive twelve (12) calendar month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth month in which the first anniversary of the Lease Commencement Date occurs (12th) month thereafter or if the Lease Commencement Date is the first day of a calendar month, then the first Lease Year shall commence on the Lease Commencement Date and end on the day immediately preceding the first anniversary of the Lease Commencement Date), and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once For purposes of this Lease, the term "Lease Month" shall mean each succeeding calendar month during the Lease Term; provided that the first Lease Month shall commence on the Lease Commencement Date and shall end on the last day of the first (1st) full calendar month of the Lease Term and that the last Lease Month shall expire on the Lease Expiration Date. At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five ten (510) business days of receipt thereof, and thereafter the dates set forth on such notice shall be conclusive and binding upon Tenant. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exception.

Initial Lease Term. The terms and provisions of this Lease with respect to all of the rentable square footage of the Building shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "Lease TermLEASE TERM") shall be as set forth in Section 7.1 of the Summary and shall commence on the earlier to occur of (i) the date Tenant opens for business in the Premises or (ii) the date which is later to occur of (1) the date of the expiration of the "CONSTRUCTION PERIOD," as that term is defined in Section 1.2 of the Tenant Work Letter or (2) the date Landlord has substantially completed the Base Building, subject to punchlist items only, and has obtained a temporary or permanent Certificate of Occupancy for the Building (the "Lease Commencement DateLEASE COMMENCEMENT DATE") set forth in Section 7.2 of the Summary, and shall terminate on the date (the "Lease Expiration DateLEASE EXPIRATION DATE") set forth in Section 7.3 of the Summary, unless this Lease is sooner terminated or extended as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "Lease YearLEASE YEAR" shall mean each consecutive twelve (12) month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) eleventh month thereafter and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once during Within six (6) months following the Lease TermCommencement Date, Landlord may shall deliver to Tenant a notice of Lease Term dates Notice (the "NOTICE OF LEASE TERM DATES") in the form as set forth in Exhibit C, attached hereto, which notice Notice Tenant shall execute and return to Landlord within five ten (510) business days of receipt thereofthereof (provided that if said Notice is not factually correct, then Tenant shall make such changes as are necessary to make the Notice factually correct and shall thereafter execute and return such Notice to Landlord within such ten (10) business day period), and thereafter the dates set forth on such notice Notice shall be conclusive and binding upon Tenant and Landlord, unless Landlord within fifteen (15) business days following receipt of Tenant's changes sends a Notice to Tenant rejecting Tenant's changes, whereupon this procedure shall be repeated until the parties either (a) mutually agree upon the contents of Exhibit C, or (b) the contents are determined by arbitration pursuant to Section 29.29, below. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice Notice are true and correct, without exception. In the event Landlord shall fail to send Tenant Notice of the occurrence of the Lease Commencement Date within six (6) months following the Lease Commencement Date, Tenant may send to Landlord Notice of the occurrence of the Lease Commencement Date substantially in the form of the attached hereto as Exhibit C, which Notice Landlord shall acknowledge by executing a copy of the Notice and returning it to Tenant (provided that if said Notice is not factually correct, the Landlord shall make such changes to the Notice as are necessary to make such Notice factually correct, which revised Notice shall thereafter be subject to the procedure for finalization set forth in this Section 2.1).

Initial Lease Term. The terms TCCs and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "Lease Term") shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date set forth in Section 3.2 of the Summary (the "Lease Commencement Date") set forth in Section 7.2 of the Summary), and shall terminate on the date set forth in Section 3.3 of the Summary (the "Lease Expiration Date") set forth in Section 7.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord provided or extended pursuant to the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be terms of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the PremisesSection 2.2 below. For purposes of this Lease, the term "Lease Year" shall mean each consecutive twelve (12) calendar month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth month in which the first anniversary of the Lease Commencement Date occurs (12th) month thereafter or if the Lease Commencement Date is the first day of a calendar month, then the first Lease Year shall commence on the Lease Commencement Date and end on the day immediately preceding the first anniversary of the Lease Commencement Date), and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once For purposes of this Lease, the term "Lease Month" shall mean each succeeding calendar month during the Lease Term; provided that the first Lease Month shall commence on the Lease Commencement Date and shall end on the last day of the first (1st) full calendar month of the Lease Term and that the last Lease Month shall expire on the Lease Expiration Date. At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five (5) days of receipt thereof, and thereafter the dates set forth on such notice shall be conclusive and binding upon Tenant. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exception.

Initial Lease Term. The terms and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "Lease Term") shall be as set forth in Section 7.1 of the Summary and shall commence on the date (the "Lease Commencement Date") ," as that term is set forth in Section 7.2 3.2 of the Summary, and shall terminate on the date (the "Lease Expiration Date") ," as that term is set forth in Section 7.3 3.3 of the Summary, unless this Lease is sooner terminated or extended as hereinafter provided. The parties acknowledge that Tenant This Lease is currently leasing from Landlord the Original Premises under the Original Leases. effective and binding upon Landlord and Tenant agree that on upon mutual execution and delivery hereof, notwithstanding the later Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "Lease Year" shall mean each consecutive twelve (12) month period during the Lease Term; provided, however, that however the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) full calendar month thereafter and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Datethereafter. Once At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five ten (510) business days of receipt thereof, and thereafter the dates set forth on ; provided that if such notice is not factually correct, then Tenant shall make such changes as are necessary to make such notice factually correct and shall thereafter return such notice to Landlord within said ten (10) business day period. Tenant's failure to execute and return such notice to Landlord within such time shall be conclusive and binding upon Tenant. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included information set forth in such notice are true and correct, without exceptionis as specified therein.

Initial Lease Term. The terms TCCs and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "Lease Term") shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Phase I Lease Commencement Date") Date set forth in Section 7.2 3.2 of the Summary, with each subsequent Lease Commencement Date for its respective Phase of the Premises commencing on the applicable dates set forth in Section 3.2 of the Summary, and shall terminate on the date set forth in Section 3.3 of the Summary (the "Lease Expiration Date") set forth in Section 7.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the term "Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and " when used in this Lease shall govern Tenant's lease of mean the entirety of Phase I Lease Commencement Date unless specified to the Premisescontrary. For purposes of this Lease, the term "Lease Year" shall mean each consecutive twelve (12) calendar month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Phase I Lease Commencement Date and end on the last day of the twelfth (12th) full calendar month thereafter following the first Lease Commencement Date that occurs immediately following the Phase I Lease Commencement Date, provided that if the first Lease Commencement Date that occurs immediately following the Phase I Lease Commencement Date is the first day of a calendar month, then the first Lease Year shall instead end on the day immediately preceding the first anniversary of such first Lease Commencement Date that occurs immediately following the Phase I Lease Commencement Date, and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once during Promptly following Landlord's delivery of each Phase of the Lease TermPremises to Tenant, Landlord may shall deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five ten (510) business days of receipt thereof, and thereafter the dates set forth on such notice shall be conclusive and binding upon Tenant. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exception.

Initial Lease Term. The terms and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "“Lease Term"”) shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 3.2 of the SummarySummary (the “Lease Commencement Date”), and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 3.3 of the Summary, Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated or extended as hereinafter herein provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "“Lease Year" ” shall mean each consecutive twelve (12) month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) eleventh month thereafter and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once during Within six (6) months following the Lease TermCommencement Date, Landlord may shall deliver to Tenant a notice Notice of Lease Term dates Dates in the form as set forth in Exhibit C, attached hereto, or a reasonably comparable form, as a confirmation of the information set forth therein, which notice Tenant shall execute and return to Landlord within five ten (510) days of receipt thereof, provided that if said notice is not factually correct, then Tenant shall make such changes as are necessary to make the notice factually correct and shall thereafter the dates set forth on execute and return such notice shall be conclusive and binding upon Tenantto Landlord within such ten (10) day period. Failure of Tenant to timely execute and deliver Once the Notice of Lease Term Dates is executed and delivered by Landlord and Tenant, the same shall constitute an acknowledgment by Tenant that the statements included in such notice are true be binding upon Landlord and correct, without exceptionTenant.

Initial Lease Term. The terms TCCs and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentEffective Date. The term of this Lease (the "“Lease Term"”) shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") Date set forth in Section 7.2 3.2 of the SummarySummary (the “Lease Commencement Date”), and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 3.3 of the Summary, Summary as the Lease Expiration Date (the “Lease Expiration Date”) unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that If Landlord is unable for any reason to deliver possession of the Premises to Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Dateany specific date, the Original Leases shall immediately terminate and be of no further force or effect and then, except as expressly set forth in this Lease and/or the Work Letter, Landlord shall govern Tenant's lease not be subject to any liability for its failure to do so, and such failure shall not affect the validity of this Lease or the entirety obligations of the PremisesTenant hereunder. For purposes of this Lease, the term "“Lease Year" ” shall mean each consecutive twelve (12) month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) month thereafter in which the first anniversary of the Lease Commencement Date occurs and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once during Promptly following the Lease TermCommencement Date, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached heretohereto (a “Commencement Letter”), as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five thirty (530) days of receipt thereof. If Tenant fails to sign and return a Commencement Letter to Landlord within thirty (30) days of its receipt from Landlord, the Commencement Letter was sent by Landlord shall be deemed to have correctly set forth the matters addressed in it. If Landlord fails to deliver a Commencement Letter to Tenant within thirty (30) days after the Lease Commencement Date, Tenant shall be permitted to prepare and send to Landlord such Commencement Letter. If Landlord fails to sign and return a Commencement Letter to Tenant within thirty (30) days of its receipt from Tenant, the Commencement Letter was sent by Tenant shall be deemed to have correctly set forth the matters addressed in it. Landlord shall use commercially reasonable efforts to deliver the Premises to Tenant in the Delivery Condition on or before January 7, 2016. If the Premises is not delivered to Tenant on or before March 4, 2016 (the “Outside Delivery Date”) in the Delivery Condition (as extended by the “Utility Grace Period” with respect to the “Infrastructure Work,” as those terms are defined in Section 1.3 of the Tenant Work Letter), Tenant shall be entitled to a day-for-day abatement of Base Rent for each day following the Outside Delivery Date until the earlier of (i) the date the Premises is delivered to Tenant in the Delivery Condition, and thereafter (ii) 60 days following the dates Outside Delivery Date. If the Premises is not delivered to Tenant in the Delivery Condition on or before 61 days following the Outside Delivery Date, Tenant shall be entitled to an abatement of Base Rent equal to twice the per diem Base Rent for each day starting on day 61, until the date the Premises is delivered to Tenant in the Delivery Condition. If Landlord does not deliver the Premises to Tenant in the Delivery Condition on or before July 6, 2016 (the “Outside Date”), then the sole remedy of Tenant for such failure shall be the right to deliver a notice to Landlord (a “Termination Notice”) electing to terminate this Lease effective the date the Termination Notice is delivered to Landlord. The Termination Notice must be delivered by Tenant to Landlord, if at all, not earlier than the Outside Date nor later than August 1, 2016. The effectiveness of any such Termination Notice delivered by Tenant to Landlord shall be governed by the terms of this Section 2.1. If, prior to the Outside Date, Landlord determines that Landlord shall not deliver the Premises to Tenant in the Delivery Condition by the Outside Date, then Landlord shall have the right to deliver a written notice to Tenant stating Landlord’s opinion as to the date by which Landlord shall deliver the Premises to Tenant in the Delivery Condition, and Tenant shall be required, within ten (10) business days after receipt of such notice, to deliver a notice to Landlord pursuant to which Tenant shall elect either (i) to terminate this Lease, in which case this Lease shall terminate and be of no further force or effect upon Landlord’s receipt of such notice, or (ii) to agree to extend the Outside Date to that date set forth on such in Landlord’s notice shall be conclusive and binding upon to Tenant. Failure of by Tenant to timely execute deliver such notice or to make such election shall be deemed to be Tenant’s agreement to extend the Outside Date to that date set forth in Landlord’s notice to Tenant. The Outside Date shall be extended to the extent of any delays in the “Substantial Completion of Landlord’s Work,” as that term is defined in Section 1.3 of the Tenant Work Letter, caused by Tenant. Upon any termination as set forth in this Section 2.1, Landlord and Tenant shall be relieved from any and all liability to each other resulting hereunder except that Landlord shall return to Tenant any prepaid rent and, in addition to the return of such prepaid rent, Landlord shall make a payment to Tenant, by check or wire transfer, in the amount of $250,000.00 within thirty (30) days following the termination of the Lease (the “Termination Fee”). Tenant’s rights to terminate this Lease and receive the Termination Fee, as set forth in this Section 2.1, shall be Tenant’s sole and exclusive remedy at law or in equity for the failure of Landlord to deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Premises to Tenant that in the statements included in such notice are true and correctDelivery Condition on or before July 1, without exception2016.

Initial Lease Term. The terms and provisions TCC's of this Lease shall be effective as of ------------------ the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "Lease TermLEASE TERM") shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 3.2 of the SummarySummary (the "LEASE COMMENCEMENT DATE"), and shall terminate ----------- on the date (the "Lease Expiration Date") set forth in Section 7.3 3.3 of the Summary, Summary (the "LEASE EXPIRATION ----------- DATE") unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "Lease YearLEASE YEAR" shall mean each consecutive twelve (12) month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) eleventh month thereafter and the second and each succeeding Lease Year shall commence on the first day of the -6- next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit EXHIBIT C, attached --------- hereto, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five ten (510) days of receipt thereof. Notwithstanding the anticipated Lease Commencement Date set forth in Section 3.3 of the Summary (the "ANTICIPATED LC DATE"), Tenant may toll such Anticipated LC Date in one (1) month increments, up to a maximum extension of six (6) months, by delivering the following to Landlord on or before the date which is twelve (12) months prior to the then- existing Anticipated LC Date, as previously extended: (i) written notice (a "TOLLING NOTICE") to Landlord setting forth that Tenant is thereby extending the Anticipated LC Date by one (1) or more months (up to the cumulative total of six (6) months), and thereafter (ii) concurrently with such Tolling Notice, a payment ("TOLLING PAYMENT") in an amount equal to $20,000 for each month so extended by such Tolling Notice. Notwithstanding the dates foregoing, Landlord shall have no liability to Tenant for any damages resulting from any delay in delivering possession of Building B to Tenant on the scheduled Anticipated LC Date, except as specifically set forth on such notice shall be conclusive in this Lease and binding upon Tenant. Failure Section 5.4 of the Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exceptionWork Letter.

Initial Lease Term. The terms TCCs and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "“Lease Term"”) shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 3.2 of the SummarySummary (the “Lease Commencement Date”), and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 3.3 of the Summary, Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated or extended as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "“Lease Year" ” shall mean each consecutive twelve (12) calendar month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth month in which the first anniversary of the Lease Commencement Date occurs (12th) month thereafter or if the Lease Commencement Date is the first day of a calendar month, then the first Lease Year shall commence on the Lease Commencement Date and end on the day immediately preceding the first anniversary of the Lease Commencement Date), and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once For purposes of this Lease, the term “Lease Month” shall mean each succeeding calendar month during the Lease Term; provided that the first Lease Month shall commence on the Lease Commencement Date and shall end on the last day of the first (1st) full calendar month of the Lease Term and that the last Lease Month shall expire on the Lease Expiration Date. At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit CC attached hereto (the “Commencement Notice”), attached heretoas a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five ten (510) business days of receipt thereof; provided, however, that if the Commencement Notice is not factually correct, then Tenant shall make such changes as are necessary to make the Commencement Amendment factually correct and shall thereafter execute and return such corrected Commencement Notice to Landlord within such ten (10) business day period and thereafter the dates set forth on such notice corrected Commencement Notice shall be conclusive and binding upon Tenant and Landlord, unless Landlord, within ten (10) business days following receipt of Tenant. Failure ’s changes, sends a notice to Tenant rejecting Tenant’s changes, whereupon this procedure shall be repeated until the parties mutually agree upon the contents of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exceptionCommencement Notice.

Initial Lease Term. The terms TCCs and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "“Lease Term"”) shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 3.2 of the SummarySummary (the “Lease Commencement Date”), and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 3.3 of the Summary, Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "“Lease Year" ” shall mean each consecutive twelve (12) calendar month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth month in which the first anniversary of the Lease Commencement Date occurs (12th) month thereafter or if the Lease Commencement Date is the first day of a calendar month, then the first Lease Year shall commence on the Lease Commencement Date and end on the day immediately preceding the first anniversary of the Lease Commencement Date), and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once For purposes of this Lease, the term “Lease Month” shall mean each succeeding calendar month during the Lease Term; provided that the first Lease Month shall commence on the Lease Commencement Date and shall end on the last day of the first (1st) full calendar month of the Lease Term and that the last Lease Month shall expire on the Lease Expiration Date. At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five ten (510) business days of receipt thereof; provided that if said notice is not factually correct, then Tenant shall make such changes as are necessary to make the notice factually correct and shall thereafter the dates set forth on execute and return such notice to Landlord within such ten (10) business day period; further provided that such modified notice shall be conclusive and binding unless Landlord within ten (10) business days following receipt of Tenant’s changes sends a notice to Tenant rejecting Tenant’s changes, whereupon this procedure shall be repeated until the parties mutually agree upon Tenantthe contents of such notice. Failure This Lease shall not be void or voidable as a result of Tenant Landlord’s failure to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment Premises to Tenant by Tenant any particular date; provided that the statements included commencement date for Tenant’s lease of the Premises shall not occur until the Lease Commencement Date; and provided further that Landlord shall use commercially reasonable efforts to deliver possession of the Premises to Tenant Ready for Occupancy on or before June 1, 2014 (subject to extension on a day-for-day basis (i) for each day of delay in such notice are true Tenant’s execution of this Lease and correctdelivery thereof to Landlord beyond February 28, without exception.2014, (ii) to the extent of any “Tenant Delay” (as that term is defined in Section 5.2 of the Work Letter), and/or (iii) to the extent of any delays resulting from events of “Force Majeure” (as that term is defined in Section 29.16 of this Lease). In addition, if the Lease Commencement Date does not occur on or before June 30, 2014 (subject to extension on a day-for-day basis to the extent of any Tenant Delay and/or delays resulting from events of

Initial Lease Term. The terms TCCs and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "“Lease Term"”) shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 3.2 of the SummarySummary (the “Lease Commencement Date”), and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 3.3 of the Summary, Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "“Lease Year" ” shall mean each consecutive twelve (12) month period during the Lease Term; provided, however, that that, if the Lease Commencement Date is any day other than the first (1st) day of a calendar month, then the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) month thereafter in which the first anniversary of the Lease Commencement Date occurs and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once For purposes of this Lease, the term “Lease Month” shall mean each succeeding calendar month during the Lease Term; provided that the first Lease Month shall commence on the Lease Commencement Date and shall end on the last day of the calendar month in which the Lease Commencement Date occurs and that the last Lease Month shall expire on the Lease Expiration Date. At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five (5) days of receipt thereof, and thereafter the dates set forth on such notice shall be conclusive and binding upon Tenant. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exception.

Initial Lease Term. The terms TCCs and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "Lease Term") shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date set forth in Section 3.2 of the Summary (the "Lease Commencement Date") set forth in Section 7.2 of the Summary), and shall terminate on the date set forth in Section 3.3 of the Summary (the "Lease Expiration Date") set forth in Section 7.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "Lease Year" shall mean each consecutive twelve (12) calendar month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth month in which the first anniversary of the Lease Commencement Date occurs (12th) month thereafter or if the Lease Commencement Date is the first day of a calendar month, then the first Lease Year shall commence on the Lease Commencement Date and end on the day immediately preceding the first anniversary of the Lease Commencement Date), and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once For purposes of this Lease, the term "Lease Month" shall mean each succeeding calendar month during the Lease Term; provided that the first Lease Month shall commence on the Lease Commencement Date and shall end on the last day of the first (1st) full calendar month of the Lease Term and that the last Lease Month shall expire on the Lease Expiration Date. At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five (5) days of receipt thereof, and thereafter the dates set forth on such notice shall be conclusive and binding upon Tenant. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exception.

Initial Lease Term. The terms and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "Lease TermLEASE TERM") shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 3.2 of the SummarySummary (the "LEASE COMMENCEMENT DATE"), and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 3.3 of the Summary, Summary (the "LEASE EXPIRATION DATE") unless this Lease is sooner terminated or extended as hereinafter herein provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "Lease YearLEASE YEAR" shall mean each consecutive twelve (12) month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) eleventh month thereafter and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once during Within six (6) months following the Lease TermCommencement Date, Landlord may shall deliver to Tenant a notice Notice of Lease Term dates Dates in the form as set forth in Exhibit EXHIBIT C, attached heretohereto (or a reasonably comparable form), as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five twenty (520) business days of receipt thereof, provided that if said notice is not factually correct, then Tenant shall make such changes as are necessary to make the notice factually correct and shall thereafter the dates set forth on execute and return such notice shall be conclusive and binding upon Tenantto Landlord within such twenty (20) business day period. Failure of Tenant to timely execute and deliver Once the Notice of Lease Term Dates is executed and delivered by Landlord and Tenant, the same shall constitute an acknowledgment by Tenant that the statements included in such notice are true be binding upon Landlord and correct, without exceptionTenant.

Initial Lease Term. The terms TCCs and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentEffective Date. The term of this Lease (the "Lease Term") shall be as set forth in Section 7.1 of the Summary and shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 of the Summary, and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "Lease Year" shall mean each consecutive twelve (12) calendar month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth month in which the first anniversary of the Lease Commencement Date occurs (12th) month thereafter or if the Lease Commencement Date is the first day of a calendar month, then the first Lease Year shall commence on the Lease Commencement Date and end on the day immediately preceding the first anniversary of the Lease Commencement Date), and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once For purposes of this Lease, the term "Lease Month" shall mean each succeeding calendar month during the Lease Term; provided, however, that the first Lease Month shall commence on the Lease Commencement Date and shall end on the last day of the first (1st) full calendar month of the Lease Term and that the last Lease Month shall expire on the Lease Expiration Date (or if the Lease Commencement Date is the first day of a calendar month, then the first Lease Month shall be that calendar month). At any time during the Lease Term, Landlord may deliver to Tenant a notice Notice of Lease Term dates Dates substantially in the form as set forth in Exhibit CC attached hereto (the "Notice of Lease Term Dates"), attached heretoas a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five fifteen (515) business days of receipt thereof; provided that if said Notice of Lease Term Dates is not factually correct, then Tenant may make such changes as are necessary to make the Notice of Lease Term Dates factually correct, and thereafter the execute and return such revised Notice of Lease Term Dates to Landlord within such 15-business day period. The dates set forth on such notice the fully executed Notice of Lease Term Dates shall be conclusive and binding upon Landlord and Tenant, unless Landlord sends a written notice to Tenant rejecting Tenant's changes, whereupon this procedure shall be repeated until the parties mutually agree upon the contents of the Notice of Lease Term Date. Failure of If Landlord fails to send Tenant to timely execute and deliver the Notice of Lease Term Dates within thirty (30) days following the Lease Commencement Date, Tenant may send written notice to Landlord substantially in the form of the Notice of Lease Term Dates. In such event, Landlord shall constitute an acknowledgment acknowledge Tenant's Notice of Lease Term Dates by executing a copy thereof and returning the same to Tenant within fifteen (15) business days; provided that the statements included in if such notice are true and Notice of Lease Term Dates is not factually correct, without exceptionLandlord shall make such changes to the Notice of Lease Term Dates as are necessary to make such Notice of Lease Term Dates factually correct, which revised Notice of Lease Term Dates shall thereafter be subject to the procedure for finalization set forth in this Section.

Initial Lease Term. The terms and Subject to the provisions of Section 2.1.1, the term of this Lease shall be effective as of commence on the date of execution as first set forth above (the "Commencement Date") and shall continue for a period of twenty (20) years following the "Rent Commencement Date" (as that term is defined below), subject to (i) the right of Tenant to extend the term as provided for in Section 2. 1.1 below and (ii) any earlier termination by either party, as permitted herein (the "Initial Lease Term"). Notwithstanding the foregoing in the event the Lease Term expires on any day other than the last day of a calendar month, the Lease Term shall be automatically extended by the number of days necessary to cause the Lease Term to expire on the last day of the month. Section 2.1.1. Tenant shall have the right to renew this Lease except beyond the Initial Lease Term for two (2) successive ten (10) year renewal terms (the provisions of this "Renewal Terms" and together with the Initial Lease relating to the payment of Rent. The term of this Lease (Term, the "Lease Term") shall be as set forth in Section 7.1 by giving notice of the Summary exercise of its renewal option at least fifteen (15) months prior to the expiration of the Initial Lease Term with respect to the exercise of the first such renewal option, and shall commence prior to the expiration of the first Renewal Term with respect to the exercise of the second renewal option. In the event Tenant is in default on the date (the "Lease Commencement Date") set forth in Section 7.2 of the Summarygiving of notice of its intent to renew the Lease, and the notice shall terminate be ineffective; in the event Tenant is in default on the date (the "Lease Expiration Date") set forth in Section 7.3 of applicable Renewal Term is to commence, then the Summary, unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases Renewal Term shall immediately terminate and be of no further force or effect not commence and this Lease shall govern Tenant's lease expire as of the entirety end of the PremisesInitial Lease Term or the applicable Renewal Term. For purposes Tenant shall have no right to renew this Lease beyond the expiration of the final Renewal Term. During each Renewal Term all of the terms and conditions of this LeaseLease shall continue to apply, the term "Lease Year" shall mean each consecutive twelve (12) month period during the Lease Term; provided, however, except that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) month thereafter and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, which notice Tenant shall execute and return to Landlord within five (5) days of receipt thereof, and thereafter the dates set forth on such notice there shall be conclusive and binding upon Tenant. Failure an adjustment to the amount of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included Basic Rent as provided for in such notice are true and correct, without exceptionSection 3.4 below.

Initial Lease Term. The terms TCCs and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "Lease Term") shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date set forth in Section 3.2 of the Summary (the "Lease Commencement Date") set forth in Section 7.2 of the Summary), and shall terminate on the date set forth in Section 3.3 of the Summary (the "Lease Expiration Date") set forth in Section 7.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "Lease Year" shall mean each consecutive twelve (12) calendar month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth month in which the first anniversary of the Lease Commencement Date occurs (12th) month thereafter or if the Lease Commencement Date is the first day of a calendar month, then the first Lease Year shall commence on the Lease Commencement Date and end on the day immediately preceding the first anniversary of the Lease Commencement Date), and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once For purposes of this Lease, the term "Lease Month" shall mean each succeeding calendar month during the Lease Term; provided that the first Lease Month shall commence on the Lease Commencement Date and shall end on the last day of the first (1st) full calendar month of the Lease Term and that the last Lease Month shall expire on the Lease Expiration Date. At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five (5) days of receipt thereof. Landlord and Tenant hereby acknowledge that Tenant leases certain space commonly known as Suite 400 on the fourth (4th) floor of that certain building located at ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ./ -/// -10- ▇▇▇▇▇▇ REALTY, L.P. [ACADIA Pharmaceuticals Inc.] Drive from another tenant (the "Sublease Premises"). If the Lease Commencement Date shall occur after the expiration date (i.e., after May 31, 2020) or earlier termination of such sublease of the Sublease Premises, then Landlord and thereafter Tenant shall enter into a direct lease for the dates set forth Sublease Premises in a form materially consistent with Exhibit I attached hereto for a term commencing on the expiration of such notice shall be conclusive sublease and binding upon Tenant. Failure of Tenant to timely execute and deliver expiring on the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exceptionCommencement Date.

Initial Lease Term. The terms TCCs and provisions of this Lease shall be effective as of the date of this Lease except Lease. Tenant may not occupy the Premises for the provisions conduct of this Lease relating its business prior to the payment of RentLease Commencement Date. The term of this Lease (the "“Lease Term"”) shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 3.2 of the SummarySummary (the “Lease Commencement Date”), and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 3.4 of the Summary, Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated or extended as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "“Lease Year" ” shall mean each consecutive twelve (12) month Lease Month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) month thereafter and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once For purposes of this Lease, the term “Lease Month” shall mean each succeeding calendar month during the Lease Term; provided that the first Lease Month shall commence on the Lease Commencement Date and shall end on the last day of the first (1st) full calendar month of the Lease Term and that the last Lease Month shall expire on the Lease Expiration Date. Within a reasonable period of time after the occurrence of the Lease Commencement Date, Landlord may deliver to Tenant the parties shall execute a notice of Lease Term confirming key dates and other information in the form attached hereto as set forth in Exhibit C, attached hereto, which notice Tenant shall execute and return to Landlord within five (5) days as a confirmation only of receipt thereof, and thereafter the dates information set forth on therein; however, the failure of the parties to execute such notice letter shall be conclusive and binding upon Tenant. Failure of Tenant to timely execute and deliver not defer the Notice of Lease Term Dates shall Commencement Date or otherwise invalidate this Lease or constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exceptiona breach or default hereunder.

Initial Lease Term. The terms and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "Lease TermLEASE TERM") shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 3.2 of the SummarySummary (the "LEASE COMMENCEMENT DATE"), and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 3.3 of the Summary, Summary (the "LEASE EXPIRATION DATE") unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord shall have the Original right to occupy the Premises under the Original Leases. Landlord and Tenant agree that on prior to the Lease Commencement Date, Date for the Original Leases shall immediately terminate and be conduct of no further force or effect and this Lease shall govern Tenant's lease business, provided that (A) Tenant shall give Landlord at least ten (10) days' prior notice of the entirety any such occupancy of the Premises, (B) a temporary certificate of occupancy, or its equivalent, shall have been issued by the appropriate governmental authorities for the Premises, and (C) all of the terms and conditions of the Lease shall apply, other than Tenant's obligation to pay "Base Rent," as that term is defined in Article 3, below, and "Tenant's Share" of the annual "Direct Expenses," as those terms are defined in Article 4, below, as though the Lease Commencement Date had occurred (although the Lease Commencement Date shall not actually occur until the occurrence of the same pursuant to the terms of the second sentence of this Article 2) upon such occupancy of the Premises by Tenant. For purposes of this Lease, the term "Lease YearLEASE YEAR" shall mean each consecutive twelve (12) month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) month thereafter and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once during Within thirty (30) days following the Lease Commencement Date (and, if applicable, the commencement of any Option Term), Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit EXHIBIT C, attached hereto, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five ten (510) days of receipt thereof, and thereafter provided that in the dates set forth on event that such notice is not factually correct, Tenant shall have the right to make such changes as may be conclusive necessary to make the same factually correct and binding upon Tenant. Failure of Tenant to timely shall thereafter execute and deliver return the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in same to Landlord within such notice are true and correct, without exceptionten (10) day period.

Initial Lease Term. The terms and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "Lease TermLEASE TERM") shall be as set forth in Section 7.1 SECTION 3.1 of the Summary and Summary, shall commence on the date set forth in SECTION 3.2 of the Summary (the "Lease Commencement DateCOMMENCEMENT DATE") set forth in Section 7.2 of the Summary), and shall terminate on the date set forth in SECTION 3.3 of the Summary (the "Lease Expiration DateEXPIRATION DATE") set forth in Section 7.3 of the Summary, unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that If Landlord is delayed in delivering possession of the Premises to Tenant due to the holding over of an existing tenant of the Building or for any reason other than Landlord's willful refusal to deliver the Premises when Landlord is currently leasing from otherwise reasonably capable of such delivery, then Landlord shall not be subject to any liability whatsoever to Tenant for such delay, and such failure shall not impair the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be validity of no further force or effect and this Lease shall govern Tenant's lease or the obligations of the entirety of the PremisesTenant hereunder. For purposes of this Lease, the term "Lease YearLEASE YEAR" shall mean each consecutive twelve (12) month period during the Lease Term; providedprovided that, howeverif the Commencement Date shall be other than the first day of a calendar month, that then the first Lease Year shall commence on the Lease Commencement Date and shall end on the last day of the twelfth (12th) month thereafter and the second and each succeeding Lease Year shall commence on in which the first day anniversary of the next calendar monthCommencement Date occurs; and further provided that that, the last Lease Year shall end on the Lease Expiration Date. Once At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates Notice in the form as set forth in Exhibit EXHIBIT C, attached hereto, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five (5) business days of receipt thereof, . Tenant's failure to execute and thereafter the dates set forth on return such notice Notice to Landlord within such time shall be conclusive and binding upon Tenant. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included information set forth in such notice are true and correct, without exceptionNotice is as set forth therein.

Initial Lease Term. The terms TCCs and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "“Lease Term"”) shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 3.2 of the SummarySummary (the “Lease Commencement Date”), and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 3.3 of the Summary, Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "“Lease Year" ” shall mean each consecutive twelve (12) calendar month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth month in which the first anniversary of the Lease Commencement Date occurs (12th) month thereafter or if the Lease Commencement Date is the first day of a calendar month, then the first Lease Year shall commence on the Lease Commencement Date and end on the day immediately preceding the first anniversary of the Lease Commencement Date), and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once For purposes of this Lease, the term “Lease Month” shall mean each succeeding calendar month during the Lease Term; provided that the first Lease Month shall commence on the Lease Commencement Date and shall end on the last day of the first (1st) full calendar month of the Lease Term and that the last Lease Month shall expire on the Lease Expiration Date. At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five (5) days of receipt thereof. 2.2 Option Term. -6- ▇▇▇▇▇▇ REALTY ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, and thereafter the dates set forth on such notice shall be conclusive and binding upon Tenant. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exception.Inc.

Initial Lease Term. The terms and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "“Lease Term"”) shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 3.2 of the SummarySummary (the “Lease Commencement Date”), and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 3.3 of the Summary, Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "“Lease Year" Month” shall mean each consecutive twelve (12) calendar month period during the Lease Term; provided, however, that the first Lease Year Month shall commence on the Lease Commencement Date and (a) if the Lease Commencement Date shall be the first day of a calendar month, then it shall end on the last day of said calendar month, or (b) if the twelfth (12th) month thereafter and the second and each succeeding Lease Year Commencement Date shall commence on be other than the first day of the next a calendar month; and further provided that the last Lease Year , then it shall end on the Lease Expiration Datelast day of said calendar month (and, accordingly, shall be shorter than a calendar month). Once At any time during the Lease Term, . Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit CC. attached hereto (the “Notice of Lease Term Dates”), attached heretoas a confirmation of the information set forth therein, which notice Tenant shall execute and return to Landlord within five ten (510) days of receipt thereofthereof (provided that if said notice is not factually correct, then Tenant shall make such changes as are necessary to make the notice factually correct and shall thereafter execute and return such notice to Landlord within such ten (10) day period), and thereafter the dates set forth on such notice shall be conclusive and binding upon ‘Tenant. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exception.

Initial Lease Term. The terms and provisions TCCs of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "“Lease Term"”) shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 3.2 of the SummarySummary (the “Lease Commencement Date”). The term of Tenant’s lease of the Additional Premises shall commence as set forth in Section 1.3, above. The term of this Lease with respect to the Initial Premises and the Additional Premises shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 3.3 of the Summary, Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "“Lease Year" ” shall mean each consecutive twelve (12) month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) eleventh month thereafter and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five (5) days of receipt thereof, and thereafter the dates set forth on such notice shall be conclusive and binding upon Tenant. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exception.

Initial Lease Term. The terms and provisions of this Lease shall be effective as of the date of this Lease Lease, except for the provisions of this Lease relating which relate to the payment of Rent, which monetary obligations shall commence pursuant to the terms of Articles 3 and 4 of this Lease. The term of this Lease (the "Lease LEASE Term") shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 3.2 of the SummarySummary (the "LEASE COMMENCEMENT DATE"), and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 3.3 of the Summary, Summary (the "LEASE EXPIRATION DATE") unless this Lease is sooner terminated or extended as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "Lease YearLEASE YEAR" shall mean each consecutive twelve (12) month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) eleventh month thereafter and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which notice Tenant Tenant, if accurate, shall execute and return to Landlord within five (5) business days of receipt thereof, and thereafter the dates set forth on such notice shall be conclusive and binding upon Tenant. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exception.

Initial Lease Term. The terms TCCs and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of RentLease. The term of this Lease (the "“Lease Term"”) shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 3.2 of the SummarySummary (the “Lease Commencement Date”), and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 3.3 of the Summary, Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "“Lease Year" ” shall mean each consecutive twelve (12) calendar month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth month in which the first anniversary of the Lease Commencement Date occurs (12th) month thereafter or if the Lease Commencement Date is the first day of a calendar month, then the first Lease Year shall commence on the Lease Commencement Date and end on the day immediately preceding the first anniversary of the Lease Commencement Date), and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once For purposes of this Lease, the term “Lease Month” shall mean each succeeding calendar month during the Lease Term; provided that the first Lease Month shall commence on the Lease Commencement Date and shall end on the last day of the first (1st) full calendar month of the Lease Term and that the last Lease Month shall expire on the Lease Expiration Date. At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five (5) days of receipt thereof. Landlord and Tenant hereby acknowledge that Tenant leases certain space commonly known as Suite 400 on the fourth (4th) floor of that certain building located at 3▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ./ -/// -10- K▇▇▇▇▇ R▇▇▇▇▇, L.P. [ACADIA Pharmaceuticals Inc.] Drive from another tenant (the “Sublease Premises”). If the Lease Commencement Date shall occur after the expiration date (i.e., after May 31, 2020) or earlier termination of such sublease of the Sublease Premises, then Landlord and thereafter Tenant shall enter into a direct lease for the dates set forth Sublease Premises in a form materially consistent with Exhibit I attached hereto for a term commencing on the expiration of such notice shall be conclusive sublease and binding upon Tenant. Failure of Tenant to timely execute and deliver expiring on the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exceptionCommencement Date.

Initial Lease Term. The terms and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of Rent. The term of this Lease (the "“Lease Term"”) shall be as set forth in Section 7.1 of the Summary and shall commence on the date (the "“Lease Commencement Date"”) set forth in Section 7.2 of the Summary, and shall terminate on the date (the "“Lease Expiration Date"”) set forth in Section 7.3 of the Summary, unless this Lease is sooner terminated or extended as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "“Lease Year" ” shall mean each consecutive twelve (12) month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) eleventh month thereafter and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, which notice Tenant shall execute and return to Landlord within five (5) business days of receipt thereof, and thereafter the dates set forth on such notice shall be conclusive and binding upon Tenant. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exception.

Initial Lease Term. The terms and provisions of this Initial Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of Rent. The term of this Lease (the "Lease Term") Term shall be as set forth in Section 7.1 of the Summary and shall commence on the date (the "Lease “Rent Commencement Date"”) set forth referred to in Section 7.2 of the Summary, Summary and shall terminate on the date (the "“Lease Expiration Date"”) set forth in Section 7.3 7.5 of the Summary, unless this Lease is sooner terminated or extended as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord period between the Original Premises under the Original Leases. Landlord Rent Commencement Date and Tenant agree that on the Lease Commencement Date, Expiration Date is referred to as the Original Leases shall immediately terminate and be of no further force or effect and this “Initial Lease shall govern Tenant's lease of the entirety of the PremisesTerm”. For purposes of this Lease, the term "“Lease Year" ” shall mean each consecutive twelve (12) month period during the Lease Term starting with the Rent Commencement Date, and “Lease Term; provided” shall mean the Initial Lease Term, however, that the first Lease Year shall commence on the Lease Commencement Date and end on the last day of the twelfth (12th) month thereafter and the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Dateas same may be extended. Once At any time during the Lease Term, Landlord may deliver to Tenant a notice Notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, which notice Tenant shall execute and return to Landlord within five (5) days of receipt thereof, . The terms and thereafter the dates set forth on such notice provisions of this Lease shall be conclusive effective as of the date of this Lease, provided that, for clarity, regardless of the date Tenant actually occupies any of the Phases (but subject to any additional Base Rent abatement arising from Landlord’s unexcused failure to achieve the BSC Completion Condition by the Outside BSC Completion Date), (i) Tenant’s obligation to pay Base Rent for Phase I-A and binding upon Tenant. Failure Phase I-B shall commence on the first day of Tenant to timely execute and deliver the Notice thirteenth (13th) month of the Initial Lease Term Dates (and Tenant’s obligation to pay Direct Expenses for Phases I-A and I-B shall constitute an acknowledgment by Tenant that commence on the statements included in such notice are true Rent Commencement Date); (ii) Tenant’s obligation to pay Base Rent for Phase II shall commence on the first day of the twentieth (20th) month of the Initial Lease Term (and correct, without exceptionTenant’s obligation to pay Direct Expenses for Phase II shall commence on the Phase II Determination Date); and (iii) Tenant’s obligation to pay Base Rent for Phase III shall commence on the first day of the twenty-sixth (26th) month of the Initial Lease Term (and its obligation to pay Direct Expenses for Phase III shall commence on the Phase III Determination Date).

Initial Lease Term. The terms and provisions of this Lease shall be effective as of the date of this Lease except for the provisions of this Lease relating to the payment of Rentis mutually executed and delivered (“Effective Date”). The term of this Lease (the "“Lease Term"”) shall be as set forth in Section 7.1 3.1 of the Summary and Summary, shall commence on the date (the "Lease Commencement Date") set forth in Section 7.2 3.2 of the SummarySummary (the “Lease Commencement Date”), and shall terminate on the date (the "Lease Expiration Date") set forth in Section 7.3 3.3 of the Summary, Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated as hereinafter provided. The parties acknowledge that Tenant is currently leasing from Landlord the Original Premises under the Original Leases. Landlord and Tenant agree that on the Lease Commencement Date, the Original Leases shall immediately terminate and be of no further force or effect and this Lease shall govern Tenant's lease of the entirety of the Premises. For purposes of this Lease, the term "“Lease Year" ” shall mean each consecutive twelve (12) calendar month period during the Lease Term; provided, however, that the first Lease Year shall commence on the Lease Commencement Date and end on (i) the last day of the eleventh (11th) calendar month after the calendar month in which the Lease Commencement Date occurs if the Lease Commencement Date occurs on the first (1st) day of any calendar month (i.e., a period equal to exactly twelve (12) calendar months), or (ii) the last day of the twelfth (12th) calendar month thereafter and after the calendar month in which the Lease Commencement Date occurs if the Lease Commencement Date occurs on other than the first (1st) day of any calendar month (i.e., a period equal to exactly twelve (12) calendar months, plus the partial month during which the Lease Commencement Date occurs), and, in either case, the second and each succeeding Lease Year shall commence on the first day of the next calendar month; and further provided that the last Lease Year shall end on the Lease Expiration Date. Once At any time during the Lease Term, Landlord may deliver to Tenant a notice of Lease Term dates in the form as set forth in Exhibit C, attached hereto, or such other reasonably comparable form used by Landlord from time to time, as a confirmation only of the information set forth therein, which notice Tenant shall execute and return to Landlord within five (5) days of receipt thereof, and thereafter the dates set forth on such notice shall be conclusive and binding upon Tenant. Failure of Tenant to timely execute and deliver the Notice of Lease Term Dates shall constitute an acknowledgment by Tenant that the statements included in such notice are true and correct, without exception.