Tenant Improvement. Lessor, at Lessor’s cost, shall construct tenant improvements consistent with the final floor plan, budget and plans and specifications approved by Lessee (the “Tenant Improvement Work”) provided that Lessor’ shall not be obligated to pay for any portion of the Tenant Improvement Work that exceeds $410,000 except through the funding of the T.I. Loan, Lessor shall construct the Tenant Improvement Work in accordance with all applicable laws. Lessee shall have sole discretion to approve changes to design/value engineering once a mutually agreed upon plan has been finalized. Any additional improvement work besides the Tenant Improvement Work shall be at Lessee’s sole cost, due and payable 50% prior to construction and 50% upon completion of construction. Lessee’s preliminary narrative of the Tenant Improvement Work is generally acceptable; provided Lessor may recommend cost saving options to Lessee, such as utilizing alternative materials still maintaining the high level of improvement, and can work with the Lessee to finalize the plan, which shall be acceptable to Lessee in Lessee’s discretion, with Lessor’s approval which shall not be unreasonably withheld. Lessee’s consultants, including architect, shall be at Lessee’s sole cost and expense. Lessor and Lessee shall meet and finalize the floor plan, to be complete no later than July 31, 2014. Early Access: Tenant shall have early access, free of charge, Three (3) weeks prior to lease commencement date, if Tenant early access does not interfere with the Landlord improvement work
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Sources: Standard Office Lease (Elastic N.V.), Standard Office Lease (Elastic N.V.)