Coach 2013 Annual Report Download - page 540

ARTICLE 8
ALTERATIONS
8.01 (a) Subject to the further provisions of this Section 8.01(a), Tenant shall make no changes, alterations, additions or
improvements in or to the Premises (collectively, “Alterations”), without the prior written consent of Landlord; provided, however, that: (A) Landlord agrees
not to unreasonably withhold, condition or delay its consent in accordance with the procedure set forth in Section 8.02 to Alterations that (1) do not affect the
Building’s exterior (including the exterior appearance of the Building), (2) do not adversely affect the usage or the proper functioning of any Building Systems,
(3) are non-structural (except that Landlord shall not unreasonably withhold, condition or delay its consent to (i) any internal staircases (not to exceed one (1)
per floor) proposed to be installed by Tenant if Tenant shall then be leasing two (2) or more contiguous floors, or (ii) any core drilling required in connection
with Tenant’s Alterations provided that, except if such core drilling is required in connection with installation of any internal staircases, same do not result in
the reduction of any floor area in the Premises (except to a de minimis extent), in the case of either (i) or (ii), provided such structural Alterations are customary
for other similarly-situated tenants in the Building or in Comparable Buildings and provided further that the other provisions of this sentence are satisfied),
and (4) do not adversely affect any service required to be furnished by Landlord to Tenant (unless Tenant agrees, in writing, to accept such diminished
services without any liability or obligation to Landlord under this Lease in connection therewith) or to any other tenant or occupant of the Building
(collectively, “Non-Material Alterations”) and (B) Landlord’s consent shall not be required with respect to (x) Non-Material Alterations which (i) do not require
a building permit, (ii) are limited to work within the Premises, and (iii) subject to Section 8.04, do not require a change in the Certificate of Occupancy for the
Building, or (y) work that is solely of a decorative nature, such as painting, wallpapering and carpeting (such items identified in clause “(B)”, collectively,
“Non-Consent Alterations”). Rent shall in no event be reduced by reason of any reduction in the floor area of the Premises resulting from any Alterations
performed (x) by or on behalf of Tenant, or (y) by or on behalf of Landlord if due to Tenant’s failure to perform any Alterations or other work required under
this Lease or otherwise due to Tenant’s breach of this Lease. All Alterations, including air-conditioning equipment and duct work, except movable office
furniture and trade equipment installed at the expense of Tenant, shall, unless same constitute Specialty Alterations for which Tenant has been directed to
remove from the Premises, in accordance with Section 8.01(b), become the property of Landlord, and shall be surrendered with the Premises at the expiration
or sooner termination of the Term.
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