Common use of New Premises Clause in Contracts

New Premises. Pursuant to the existing Lease, Tenant’s existing Premises is that 7,320 rentable square foot space on the 4th floor of the EmeryStation North Building owned by Landlord and located at ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ in Emeryville, CA (the “Existing Premises”). Subject to Tenant’s ability to raise additional funding for its ongoing operations (the “New Funding”, more specifically described in Section IV below), Tenant wishes to relocate to an alternate, larger space on the 4th floor of the EmeryStation 1 Building at ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ in Emeryville, CA (the “New Premises”), as more specifically identified in Exhibit A hereto. The New Premises is envisioned to measure approximately 9,500 rentable square feet; the exact rentable square footage of the New Premises shall be determined by final space plan mutually approved by Tenant and New Landlord. The EmeryStation 1 Building is owned by ▇▇▇▇▇ Station Joint Venture, LLC (“New Landlord”), an affiliate of Landlord. New Landlord shall modify the New Premises for Tenant’s occupancy at New Landlord’s sole cost and expense in conformance with the space plans and specifications and pursuant to the terms of the Workletter Agreement, all attached hereto as Exhibit B (“New Premises Landlord Work”).