© Commercial Association of Brokers Oregon/SW Washington (2/05) <br />OFFICE LEASE (OR) <br />ALL RIGHTS RESERVED <br />12 of 18 <br />deal directly with the proposed subtenant or assignee, or any other third party. Tenant may render void any notice of 1 <br />termination from Landlord by written notice to Landlord, withdrawing its proposed assignee or subtenant within ten 2 <br />(10) days of receipt of Landlord’s termination notice. If Landlord does not terminate this Lease, Landlord shall not 3 <br />unreasonably withhold its consent to any proposed subletting or assignment provided (a) the proposed Tenant is 4 <br />compatible with Landlord’s existing credit and use standards for the Building and (b) the Base Rent paid by the 5 <br />assignee or subtenant is not less than the current scheduled Base Rent for comparable space in the Building. If 6 <br />Landlord consents to a proposed assignment or subletting, Tenant shall promptly pay to Landlord one-half (1/2) of 7 <br />any net profit and the net value of all other consideration resulting from that transaction received by Tenant. Tenant 8 <br />shall reimburse Landlord for any costs incurred in connection with a proposed assignment or subletting, including 9 <br />reasonable attorney fees in an amount not to exceed $300. 10 <br /> 11 <br />SECTION 14. DEFAULT. 12 <br /> 13 <br />14.1 Events of Default. Each of the following shall be an Event of Default by Tenant under this Lease: 14 <br /> 15 <br /> 14.1.1 Failure by Tenant to pay Rent or any other charge due under this Lease within ten (10) 16 <br />days after receipt of written notice from Landlord that the same is then due. 17 <br /> 18 <br /> 14.1.2 Failure by Tenant to comply with any other obligation of this Lease within twenty (20) days 19 <br />following written notice from Landlord specifying the failure (except in the case of emergency, in which event Landlord 20 <br />shall only be required to give such notice as is reasonable under the circumstances); provided, however, that if the 21 <br />nature of Tenant’s default requires more than twenty (20) days to correct, Tenant shall not be deemed in default of 22 <br />this Lease so long as Tenant commences the cure of such failure within such twenty (20)-day period and thereafter, 23 <br />proceeds in good faith and with all diligence to complete such cure as soon as possible but in no event later than 24 <br />ninety (90) days after the date of Landlord's notice of default. 25 <br /> 26 <br /> 14.1.3 Tenant’s abandonment of the Premises or failure by Tenant to occupy the Premises within 27 <br />twenty (20) days after notice from Landlord. 28 <br /> 29 <br /> 14.1.4 Assignment or subletting by Tenant in violation of Section 13. 30 <br /> 31 <br />14.1.5 Tenant’s failure to timely execute and deliver to Landlord the documents described in 32 <br />Section 18 or 22 within ten (10) days of written notice from Landlord. 33 <br /> 34 <br /> 14.1.6 Tenant's insolvency, business failure or assignment for the benefit of its creditors. 35 <br />Tenant's commencement of proceedings under any provision of any bankruptcy or insolvency law or failure to obtain 36 <br />dismissal of any petition filed against it under such laws within the time required to answer; or the appointment of a 37 <br />receiver for all or any portion of Tenant's properties or financial records. 38 <br /> 39 <br />14.2 Remedies for Default. Upon the occurrence of an Event of Default described in Section 14.1, 40 <br />Landlord may exercise the following remedies as well as any other remedies at law or in equity, by statu te or as set 41 <br />forth in this Lease: 42 <br /> 43 <br /> 14.2.1 Landlord may terminate this Lease, reserving all rights to damages resulting from Tenant's 44 <br />breach. Whether or not Landlord terminates this Lease, Landlord may retake possession of the Premises and any 45 <br />relet or use of the Premises by Landlord shall not be deemed a surrender or waiver of Landlord’s right to damages. If 46 <br />Landlord retakes possession of the Premises, Landlord’s mitigation efforts shall be deemed sufficient if Landlord 47 <br />follows standard procedures otherwise used by Landlord for locating tenants for the Building and otherwise complies 48 <br />with Law. If Landlord has other vacant space in the Building, Landlord may lease such other space to any 49 <br />prospective tenant without affecting or prejudicing Landlord's claim against Tenant for damages or loss of rentals. 50 <br /> 51 <br /> 14.2.2 Tenant shall be liable to Landlord for all damages caused by Tenant's default, including, 52 <br />but not limited to, an amount equal to all unpaid and future Rent, Lease commissions incurred for this Lease, and the 53 <br />unamortized cost of all improvements to the Premises installed or paid for by Landlord. Landlord may periodically 54 <br />sue Tenant to recover damages as they accrue, and no action therefor shall bar a later action for damages accruing 55 <br />DocuSign Envelope ID: 58B9EAAB-3323-4198-8EF0-00895196FD5A