SEC Filings

10-K
AUDENTES THERAPEUTICS, INC. filed this Form 10-K on 03/13/2017
Entire Document
 

 

4. Use.  Lessee shall use and occupy the Premises only for general office/administrative purposes, or any other legal use which is reasonably comparable thereto, and for no other purpose, without the prior written consent of Lessor which consent shall not be unreasonably withheld, conditioned or delayed.   Lessor has made no warranty or representation that the Premises are usable for the use Lessee intends to make of the Premises and no representation or warranty regarding the legality of the improvements made by the prior tenant to the Premises.

5. Security Deposit.  Within ten (10) business days after full execution of this Lease, Lessee shall deposit with Lessor the sum of $12,022.65  as a security deposit (the “Security Deposit”).   Lessor shall have no obligation to deliver possession of the Premises to Lessee until the Security Deposit is paid but all obligations of this Lease, including the obligation to pay Base Monthly Rent, shall be in full force and effect.   The Security Deposit shall be held by Lessor as security for the faithful performance by Lessee of all of the provisions of this Lease to be performed or observed by Lessee. No portion of the Security Deposit may be used by Lessee for any monetary obligation owed by Lessee during the term of this Lease and any extension thereof, particularly the rent due for the last month of the term of this Lease or any extension thereof.   If Lessee fails to pay rent or other charges hereunder, or otherwise defaults with respect to any provision of this Lease, Lessor may use, apply or retain all or any portion of the Security Deposit for the payment of said obligation or of any other sum to which Lessor may become obligated by reason of Lessee's default, or to compensate Lessor for any loss or damage which Lessor may suffer thereby.   If Lessor so uses or applies all or any portion of the Security Deposit during the term hereof or any extension thereof, Lessee shall within ten (10) business days after demand therefor deposit cash with Lessor in an amount sufficient to restore the Security Deposit to the full amount thereof. Lessee's failure to do so shall be deemed a failure to pay rent and shall constitute a material breach of this Lease. Lessor shall not be required to keep the Security Deposit separate from its general accounts. lf Lessee performs all of Lessee's obligations hereunder, the Security Deposit, or so much thereof as has not theretofore been applied by Lessor, shall be returned, without payment of interest or other increment for its use, to Lessee (or, at Lessor's option, to the last assignee, if any, of Lessee's interest hereunder) within sixty (60) days after the expiration of the term hereof and after Lessee has vacated the Premises and they are returned to Lessor in the condition in which they are obliged to be returned to Lessor, whichever is later. No trust relationship is created herein between Lessor and Lessee with respect to the Security Deposit.

6. Limitations on Use. Lessee's use of the Premises shall be in accordance with the following:

A. Cancellation of insurance; increase in insurance rates. Lessee shall not do, bring, or keep anything in or about the Premises that will cause a cancellation of any insurance covering the Premises and the Building. If the rate of any insurance carried by Lessor is increased as a result of any activity of Lessee at the Premises, or if any lender to Lessor shall require Lessee to carry additional insurance as a result of any activity of Lessee at the Premises, Lessor shall notify Lessee of said event at least twenty (20) days prior to the date on which such premium is due and Lessee shall pay a sum equal to the total difference between the original premium and the increased premium to Lessor within ten (10) days before the date Lessor is obligated to pay said premium on the insurance. If Lessee should so request, Lessor shall deliver to Lessee a statement from Lessor's insurance carrier or lender stating that the rate increase or requirement of additional insurance was caused primarily by an activity of Lessee on the Premises.

B. Compliance with Laws. Lessee shall, at Lessee's sole cost and expense, comply with all laws, governmental regulations and restrictions of record concerning the Premises or Lessee's use of the Premises, including without limitation, the obligation to comply with all laws relating to the condition, use, or occupancy of the Premises during the term of this Lease or any extension thereof.

C. Limits on Hazardous Materials. Lessee shall not store, or permit the storage, or use, or permit the use, of Hazardous Materials in such a manner which would result in contamination, in violation of any law or regulation, described in Paragraph 6.C.(1) below, of the Building, the Premises, or the surrounding soil or air, or cause a substantial risk of fire, explosion, or release of noxious or corrosive fumes in or about the Premises or the Building or within fifty (50) feet thereof, or conduct, or permit to be conducted, any hazardous activities which would involve contamination of the Building, Premises or surrounding soil or air in violation of any law or regulation described in Paragraph 6.C.(1) below, or cause a substantial risk of fire, explosion, flood or noxious or corrosive fumes in or about the Premises or Building or within fifty (50) feet thereof or endanger the good health of any occupant or invitee to the Building or Premises. In addition to, and not by way of limitation of, Lessee's