NovoNordisk_CushmanWakefield_RPF_FINAL

CLIENT X

Annually

8% Rent to be escalated by 8% on 01 Aug each year Renewal Lease, Pg 3, Cl 8

Fixed Amount

01 August 2023

if another row is needed please insert above

Options & Open Market Rent Reviews

Is there a Rebate for not exercising this option?

Is there a Penalty payable for exercising this option?

Notification Begin Date (dd-mmmm-yyyy eg - 13March 2015)

Option Effective Date (dd-mmmm-yyyy eg - 13March 2015)

T has the option to extend the period of the lease for a further period of 5 years. This option shall be exercised by written notice to that effect given to the Landlord at least 2 months prior to the termination date. There shall be no further renewal after this Renewal Lease, Pg 2-3, 9, Cl 5, 4 Comments Doc Name, Section, Page Include anyadditional info repenaltiesand rebates for taking/not taking theoption

Notification End Date (dd-mmmm-yyyy eg - 13March 2015)

Penalty Amount (inc Currency)

Rebate Amount (inc Currency)

Option Type

Frequency Option by

N/A

31 May 2024

01 August 2024

Lease Silent

N/A

N/A

Renewal

At Lease End Tenant

Lease Silent

if another row is needed please insert above

Other Reimbursable Charges

Insurance

Brief Summary/Comment

Doc Name, Section, Page

T shall make provision for his own insurance of all his own goods, fixtures and fittings in the Premises, as well as insurance of the Premises in the event of there being any items on the Premises that may cause risk of fire.

Tenant

Who is responsible?

Renewal Lease, Pg 16-17, Cl 11.2

Op Ex

Brief Summary/Comment

Doc Name, Section, Page

T shall be liable to the LL for the communal security and cleaning costs of the communal areas of the Building. Charges will be payable within 7 days of demand

Who is responsible?

Tenant

Renewal Lease, Pg 6-7, 9, Cl 3.2, 5

Parking

Brief Summary/Comment

Doc Name, Section, Page

Lease Silent 5

Number of car parking spaces

T leases 5 covered parking bays, being nos 2, 5, 7, 9 and 10, and 1 uncovered parking bay, being no 1

Renewal Lease, Pg 2, Cl 3.2-3.3

External or Internal? RE Taxes

Brief Summary/Comment

Doc Name, Section, Page

Included as part of the rent but should the amount of rates and/or taxes payable in respect of the premises increase then the LL shall be entitled to increase the rent payable by the T

Who is responsible?

Landlord

Renewal Lease, Pg 7 Cl 3.3

Utilities

Doc Name, Section, Page

Brief Summary/Comment

The Tenant shall be liable to pay the LL for the actual electricity consumed by it and the pro- rata share of electricity consumed in the communal areas of the building

Lease Pg 6-7 Cl 3.2

Who is responsible?

Tenant

Lease Clauses

Alterations

Doc Name, Section, Page

Additional Comments

T shall not make any alterations or additions to the Premises without the LL's prior written consent which consent may not be unreasonably withheld

Yes - but with prior Landlord consent Yes - but with prior Landlord consent

Are non structural alterations permitted? Are structural alterations permitted?

Renewal Lease, Pg 13, CL 8.1

Assignment/Subletting

Additional Comments

Doc Name, Section, Page

Is Assignment of Part permitted? Can you Assign to an affiliate? Is Assignment of Whole permitted? Is Subletting of Whole permitted? Is Subletting of Part permitted? Can you Sublet to an affiliate?

Yes - but with prior Landlord consent Yes - but with prior Landlord consent Yes - but with prior Landlord consent Yes - but with prior Landlord consent Yes - but with prior Landlord consent

T shall not cede any of its rights, delegate any of its obligations, or mortgage, pledge or encumber any of its rights under this Lease without the LL's prior written consent

Renewal Lease, Pg 18, Cl 13.1

T shall not sub-let, permit anyone to occupy or part with possession of the Premises or part thereof without the LL's prior written consent,

Renewal Lease, Pg 19, Cl 13.2

Lease Silent

Surrender/Condition of Return

Additional Comments

Doc Name, Section, Page

The Premises shall be returned to the LL in the same good order and condition as it was at the commencement date, fair wear and tear only accepted. Upon vacating the Premises the T is liable for the cost of cleaning, clearing and restoring the Premises to the condition in which they were originally, fair wear and tear only excepted, unless the LL exempts the T in writing or chooses to retain such alterations or additions, which then become the property of the LL without reimbursement or compensation

Condition upon Surrender

T shall clean the interior of the Premises and paint such part of the interior of the Premises as have hitherto been painted, and leave same clean in every respect on the last day of his tenancy and surrender the Premises in the same good condition fair wear and tear excepted in which it was received by the T, with any disfigurement, damage or defects caused by the T's tenancy made good, with the windows clean and bright inside and out, and with all proper keys.

Renewal Lease, Pg 13, 14, 21, Cl 8.2, 9.3, 14.17

Removal of Alterations?

Estimated Reinstatement Cost (at lease end if given)

Lease Silent

Permitted Use

Details of Use The Premises are let for the purposes of conducting therein clinical trials, which is equivalent to a doctor's consulting room business and related uses permitted in terms of the applicable Zoning Scheme.

Doc Name, Section, Page

Renewal Lease, Pg 4, Cl 9

Is Use restricted?

Yes

Signage

Additional Comments

Doc Name, Section, Page

Is approval required? Location of Signage

Exterior or Windows

Yes

T shall maintain the good appearance of any advertising sign erected and keep the sign in working order, where applicable. T shall remove any sign affixed or painted in terms of the above at the expiration or earlier termination of this Lease and reinstate the relevant part of the Premises to the same good order and condition as they were in at the commencement date.

T shall not affix to or paint any advertising sign on the exterior or on the windows, roof or any other part of the exterior of the Premises without the LL's and, where applicable, the Property Owners' Association's prior written consent and in addition

Renewal Lease, Pg 15-16, Cl 9.9

Who is responsible for Maintenance & Removal

Country Specific Details

Doc Name, Section, Page

Are there any Country specific details which are not noted in the lease but are of importance? If so please comment accordingly.

Lease Silent

Other Clauses

Brief Summary/Comment

Doc Name, Section, Page

Novo Nordisk | Cushman & Wakefield

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