Nautilus 2009 Annual Report Download - page 267

(c) An itemized statement of estimated construction cost, including fees for permits and architectural and engineering fees.
(d) Evidence satisfactory to Landlord in all respects of Tenant’s ability to pay the cost of the work as and when payments become due.
(e) The names and addresses of Tenant’s contractors (and said contractors’ subcontractors) and materialmen to be engaged by Tenant for
the work (individually, a “Tenant Contractor,” and collectively, “Tenant’s Contractors”). Landlord may designate a list of approved contractors
for performance of those portions of work involving electrical, mechanical, plumbing, heating, air conditioning or life safety systems, from
which Tenant must select its contractors for such designated portions of work (“Approved Contractors”). Landlord has the right to disapprove
any of Tenant’s Contractors that are not Approved Contractors.
(f) Certificates of insurance as required herein.
No work by Tenant shall proceed until Landlord has approved all of the foregoing items.
7. Performance of Work .
(a) All work by Tenant shall be performed under a valid permit when required, a copy of which shall be furnished to Landlord before
commencement of such work.
(b) All work shall comply in all respects with (i) all applicable Laws; (ii) applicable standards of the American Insurance Association
(formerly, the National Board of Fire Underwriters) and the National Electrical Code; and (iii) building material manufacturer’s specifications.
(c) Tenant’s contractors, approved by Landlord pursuant to Section 6(e) of this Exhibit C, shall be licensed contractors, possessing good
labor relations (including use of union labor if required by Landlord), capable of performing quality workmanship and working in harmony with
Landlord’s contractors and subcontractors in the Building. All work shall be coordinated with any other construction or other work in the
Building in order not to adversely affect construction work being performed by or for Landlord or its tenants.
(d) Tenant shall use only new, first-class materials, except where explicitly shown in the plans approved by Landlord. All work shall be
done in a good and workmanlike manner. Tenant shall obtain contractors’ warranties of at least one (1) year duration from the completion of the
work against defects in materials and workmanship.
(e) At Tenant’s expense, Tenant shall engage the services of an on-site project manager approved in advance by and reasonably acceptable
to Landlord, who will be charged with the task of performing daily supervision of the work. Such on-site project manager shall be accountable
and responsible to Tenant and to Landlord and, where necessary, shall serve as a liaison between Landlord and Tenant with respect to the work.
(f) Tenant shall pay to Landlord a percentage of the cost of any tenant work sufficient to compensate Landlord for all overhead, general
conditions, fees and other costs and expenses arising from Landlord’s supervision of or involvement with such work.
8. As-Built Plans and Specifications . Immediately after completion of any work on the Premises by Tenant, Tenant shall deliver to
Landlord “as-built” plans and specifications (including all working drawings) for the work.
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