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LEASE DEFINITIONS AND SUMMARY

1.1 “Landlord”: InteLease, LLC., a Delaware limited liability company, as further defined in the signature block below, and each of the other Tenants in Common in the Property

1.2 “Tenant”: American Office Building. If there is more than one Tenant, the obligations hereunder imposed upon Tenants shall be joint and several.

1.3 “Building”: Main St Offices

1.4 “Premises”: Suite 100.

1.5 “Rentable Area”: 16,688 Sq.Ft.

1.6 “Term”: 10 years and 11 months, as and if extended.

1.7 “Commencement Date”: 02/01/2016.

1.8 “Termination Date”: 01/31/2026.Add to Calendar

1.9 “Minimum Monthly Rent”:
Months 01 – 12 = $ 220 per month per rentable square foot
Months 13 – 24 = $ 234 per month per rentable square foot
Months 25 – 36 = $250 per month per rentable square foot
Months 37 – 48 = $283 per month per rentable square foot
Months 49 – 60 = $310 per month per rentable square foot

1.10 “Security Deposit”: $ 12,000.

1.11 “Base Year”: 2015.

1.12 “Tenant’s Pro Rata Share”: 30% (Premises: 16,688 square feet/Building: 50,063 square feet).

1.13 “Tenant’s address for notice (if other than the Premises”):

1.14 “Landlord’s address for notice: ATTN Notice Department, InteLease, LLC., 555 N Main Ave, Ste 100, Irvine, CA 92612 or at such other place” as Landlord may hereafter designate in writing.

1.15 “Guarantor” or Guarantors”: John Smith.

1.16 “Broker(s)” Tenant’s Broker: CBRE.
Landlord’s Broker: JLL.

1.17 “Use”: as an office engaging in: Business.

1.18 “Parking”: 159 Covered Reserved Parking Spaces.

1.19 Telecommunications Disclosure . The following are the currently available telecommunications service providers that have equipment, property or connections in place at the Building Cox Communications

INSURANCE

13.1 Insurance Required . Tenant shall obtain and keep in force during the Term:

13.1.1 a policy of commercial general liability insurance with liability limits of not less than $1,000,000.00 per claim and $5,000,000.00 general aggregate, with the general aggregate limit applying on a per location basis. Tenant shall name Landlord as an additional insured on all liability insurance policies, except workers’ compensation and employer’s liability insurance, by ISO Form 2026 its equivalent, without modification, or an endorsement satisfactory to Landlord. All such insurance shall be provided at Tenant’s sole expense.

13.1.2 Causes of Loss- Special Form property insurance, including sprinkler leakage coverage covering the full replacement value of all the Leasehold Improvements (as defined in any Premises Improvement Exhibit attached hereto), and all of Tenant’s goods and any space that is added to or deducted from the Premises during the Term (without implying any right in Landlord or Tenant to add space to or deduct space from the Premises, except as expressly set forth in this Lease). Landlord shall be named a loss payee on all property insurance. All such insurance shall be provided at Tenant’s sole expense.

13.1.3 Causes of Loss- Special Form property insurance, including sprinkler leakage coverage covering the full replacement value of all the Leasehold Improvements (as defined in any Premises Improvement Exhibit attached hereto), and all of Tenant’s goods and any space that is added to or deducted from the Premises during the Term (without implying any right in Landlord or Tenant to add space to or deduct space from the Premises, except as expressly set forth in this Lease). Landlord shall be named a loss payee on all property insurance. All such insurance shall be provided at Tenant’s sole expense.

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We are a commercial real estate company

ADEx was founded by commercial real estate professionals and solely focuses on the commercial real estate industry. We develop technology solutions that make business processes in the industry more intuitive. ADEx was founded by commercial real estate professionals and solely focuses on the commercial real estate industry. We develop technology solutions that make business processes in the industry more intuitive.

What makes us different?

At the core of ADEx is our proprietary Intelligent Context Engine. The engine was developed by Stanford and Carnegie Mellon engineers, with years of experience in developing machine learning systems. The technology has the ability to identify every section on a page and transform them into dynamic, interactive elements. The key to this transformation is our experience in the real estate industry and the platforms ability to understand the intent of the information.

2,000 Unique Claused Detected

4,000 Contract Types Covered

7Million Contracts Hosted

Intelease

InteLease is a purpose-built lease abstraction platform designed specifically for lease administration teams.

Lease abstraction is a time consuming and tedious task. Even the most experienced lease abstractors can make costly mistakes when trying to save time and meet deadlines. The InteLease product was designed to increase accuracy and streamline the entire lease abstraction process. We leverage our machine learning technology to capture key terms from your commercial leases easier than ever before.

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