The Meritex Company Proposal V.2

PROJECT & DEVELOPMENT SERVICES FEES

LANDLORD CONTROLLED PROJECT: Tiered fee based on total project costs under our leadership (GC, A/E)

0 to $500K

5% ($3,000 minimum fee)

$500K to $1MM

4% plus that calculated above for lower amount

$1MM+

3% plus that calculated above for lower amount

LANDLORD OVERSIGHT OF TENANT CONTROLLED PROJECT: Flat fee for Oversight of Tenant Managed projects (tenant has their own PjM)

2% of Project Costs (GC and AE costs)

This is not capped at the TI Allowance

For example, if the tenant is given a $30/SF allowance but spends $40/SF our 2% would apply to the $40/SF.

THE % DOES NOT APPLY TO FFE AND OTHER TENANT COSTS

Such fees shall be earned pro rata as project costs are incurred and shall be payable upon presentation of Project Manager’s invoice, accompanied by copies of Contractor’s invoice and lien waivers with respect to the portion of the total project costs for which Manager is seeking payment. For purposes of calculating construction management fees, the term “total project costs” shall mean all costs associated with the applicable project, including design fees paid to Architects, Engineers and other design professionals. Any project involving cumulative costs below $50,000 shall be managed by Property Management staff.

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