Fillable Standard Sublease Agreement (Page 4 of 5) in pdf

such notice of default on Sublessee. If such default is cured by Sublessee then Sublessee shall have the right

of reimbursement and offset from and against Sublessor.

10. Brokers Fee.

10.1 Upon execution hereof by all parties, Sublessor shall pay to __________________________________

a licensed real estate broker, (herein called Broker"), a fee as set forth in a separate agreement between

Sublessor and Broker, or in the event there is no separate agreement between Sublessor and Broker, the sum

of $ ________________________ for brokerage services rendered by Broker to Sublessor in this transaction.

10.2 Sublessor agrees that it Sublessee exercises any option or right of first refusal granted by Sublessor

herein, or any option or right substantially similar thereto, either to extend the term of this Sublease, to renew

this Sublease, to purchase the Premises, or to lease or purchase adjacent property which Sublessor may own

or in which Sublessor has an interest, or if Broker is the procuring cause of any lease, sublease, or sale

pertaining to the Premises or any adjacent property which Sublessor may own or in which Sublessor has an

interest, then as to any of said transactions Sublessor shall pay to Broker a fee, in cash, in accordance with the

schedule of Broker in effect at the time of the execution of this Sublease. Notwithstanding the foregoing,

Sublessor's obligation under this Paragraph 10.2 is limited to a transaction in which Sublessor is acting as a

Sublessor, lessor or seller.

10.3 Master Lessor agrees, by its consent to this Sublease, that if Sublessee shall exercise any option or

right of first refusal granted to Sublesssee by Master Lessor in connection with this Sublease, or any option or

right substantially similar thereto, either to extend the Master Lease, to renew the Master Lease, to purchase

the Premises or any part thereof, or to lease or purchase adjacent property which Master Lessor may own or in

which Master Lessor has an interest, or if Broker is the procuring cause of any other lease or sale entered into

between Sublessee and Master Lessor pertaining to the Premises, any part thereof, or any adjacent property

which Master Lessor owns or in which it has an interest, then as to any of said transactions Master Lessor shall

pay to Broker a fee, in cash, in accordance with the schedule of Broker in effect at the time of its consent to this

Sublease.

10.4 Any fee due from Sublessor or Master Lessor hereunder shall be due and payable upon the exercise

of any option to extend or renew, as to any extension or renewal; upon the execution of any new lease, as to a

new lease transaction or the exercise of a right of first refusal to lease; or at the close of escrow, as to the

exercise of any option to purchase or other sale transaction.

10.5 Any transferee of Sublessor’ s interest in this Sublease, or of Master Lessor’ s interest in the Master

Lease, by accepting an assignment thereof, shall be deemed to have assumed the respective obligations of

Sublessor or Master Lessor under this Paragraph 10. Broker shall be deemed to be a third-party beneficiary of

this paragraph 10.

11. Attorney’ s fees. If any party or the Broker named herein brings an action to enforce the terms hereof or to

declare rights hereunder, the prevailing party in any such action, on trial and appeal, shall be entitled to his

reasonable attorney’ s fees to be paid by the losing party as fixed by the Court. The provision of this paragraph

shall inure to the benefit of the Broker named herein who seeks to enforce a right hereunder.

Standard Sublease Agreement Page 4