June 1, 2015 Uses in Landlords Work; Alterations and Improvements Clause

Landlords Work; Alterations and Improvements from Lease Agreement

Landlords Work; Alterations and Improvements. Landlord shall complete the alterations and improvements (the Landlords Work) as described in the Work Letter attached hereto as Exhibit D and incorporated herein and shall use its best efforts to Substantially Complete (as defined below) Landlords Work by June 1, 2015 (the Target Date). The Landlord shall tender the Premises to Tenant following the Substantial Completion of Landlords Work and the receipt of a Certificate of Occupancy for the Premises issued by Tredyffrin Township. Landlords Work shall be considered substantially complete when all improvements described on Exhibit D have been completed except for (i) minor items of finishing and construction that do not materially interfere with Tenants use of the Premises and (ii) items not then completed because delays by Tenant or because of requests by Tenant for changes or additions to the plans and specifications attached hereto as Exhibit D, (Substantially Complete). Notwithstanding the foregoing, and except to the extent caused by (i) Tenants delay or (ii) acts of God, strikes, lockouts, labor disputes, inability to obtain materials, utilities or labor on reasonable terms, restrictive governmental regulations or laws, or other reasons beyond Landlords control, if the Premises has not been delivered Substantially Completed on a date that is thirty (30) days after the Target Date then Tenant shall receive a credit against the monthly installment of annual base rent next payable equal to 1/2 clay of annual base rent for each of the next fifteen (15) days of delay past said thirty (30) day period; if the Premises is not ready for occupancy within forty-five (45) days following the Target Date then Tenant shall receive a credit against the monthly installment of annual base rent next payable equal to one (1) day of annual base rent for each of the next thirty days of delay past said forty-five (45) day period.

Landlords Work; Alterations and Improvements from Lease Agreement

Landlords Work; Alterations and Improvements. Landlord shall complete the alterations and improvements (the Landlords Work) as described in the Work Letter attached hereto as Exhibit D and incorporated herein and shall use its best efforts to Substantially Complete (as defined below) Landlords Work by June 1, 2015 (the Target Date). The Landlord shall tender the Premises to Tenant following the Substantial Completion of Landlords Work and the receipt of a Certificate of Occupancy for the Premises issued by Tredyffrin Township. Landlords Work shall be considered substantially complete when all improvements described on Exhibit D have been completed except for (i) minor items of finishing and construction that do not materially interfere with Tenants use of the Premises and (ii) items not then completed because delays by Tenant or because of requests by Tenant for changes or additions to the plans and specifications attached hereto as Exhibit D, (Substantially Complete). Notwithstanding the foregoing, and except to the extent caused by (i) Tenants delay or (ii) acts of God, strikes, lockouts, labor disputes, inability to obtain materials, utilities or labor on reasonable terms, restrictive governmental regulations or laws, or other reasons beyond Landlords control, if the Premises has not been delivered Substantially Completed on a date that is thirty (30) days after the Target Date then Tenant shall receive a credit against the monthly installment of annual base rent next payable equal to 1/2 clay of annual base rent for each of the next fifteen (15) days of delay past said thirty (30) day period; if the Premises is not ready for occupancy within forty-five (45) days following the Target Date then Tenant shall receive a credit against the monthly installment of annual base rent next payable equal to one (1) day of annual base rent for each of the next thirty days of delay past said forty-five (45) day period.