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NNN - Triple Net Lease Agreement is is a lease agreement that designates the tenant as being entirely responsible for all of the costs relating to the asset being leased in the lease. The tenant has to pay the net amount of three types of costs which how this term got its name. The three types include the net real estate taxes on the leased asset, the net building insurance, and the net common area maintenance.

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moving costs so long as Landlord's award is not reduced thereby.

ASSIGNMENT AND SUBLETTING

SECTION 1: LANDLORD'S CONSENT REQUIRED. Tenant will not assign or transfer this Lease or

sublease the Premises or any part thereof or interest therein, or mortgage, pledge or hypothecate its

leasehold interest, without Landlord's prior written consent, which consent may be withheld in Landlord's

sole unfettered discretion. Unless Tenant is a publicly traded company, a transfer of a controlling interest

in Tenant will be deemed an assignment of this Lease. Any attempted transfer without consent will be

void and constitute an Event of Default under this Lease (as defined below). Tenant's request for consent

will include the details of the proposed sublease or assignment, including the name, business and

financial condition of the prospective transferee, financial details of the proposed transaction (e.g., the

term of and the rent and security deposit payable under any proposed assignment or sublease), and any

other information Landlord deems relevant. Landlord will have the right to withhold consent or to grant

consent, based on the following factors: (i) the business of the proposed assignee or subtenant and the

proposed use of the Premises; (ii) the net worth and financial condition of the proposed assignee or

subtenant; (iii) Tenant's compliance with all of its obligations under this Lease; and (iv) such other factors

as Landlord may reasonably deem relevant. Tenant will promptly furnish to Landlord copies of all

transaction documentation.

SECTION 2: TRANSFERS TO AFFILIATES. Notwithstanding Section 1, Tenant, on prior notice to

Landlord (but without Landlord's consent), may assign this Lease or sublet the Premises to any entity

controlling Tenant, controlled by Tenant or under common control with Tenant (a "Tenant Affiliate"),

provided such Tenant Affiliate after the assignment or sublease will have a comparable net worth to

Tenant.

SECTION 3: OFFER TO TERMINATE. If Tenant desires to assign this Lease or sublease all of any part

of the Premises, Tenant will notify Landlord and Landlord for a period of thirty (30) days will have the right

to terminate the Lease Term. If Tenant desires to sublease only a portion of the Premises, and such

portion is subdividable (with any costs paid by Tenant), then the right to terminate may be exercised with

respect to only that portion of the Premises to be subleased. If Landlord elects not to terminate the

Lease Term as provided in this Section, Tenant shall pay to Landlord fifty percent (50%) of any net profits

received by Tenant from any assignment of this Lease or sublet of the Premises.

SECTION 4: NO RELEASE OF TENANT. Notwithstanding any assignment or subletting, Tenant will at

all times remain fully responsible and primarily liable for the payment of Rent and compliance with all of

Tenant's obligations under this Lease. Consent to one transfer will not be deemed a consent to any

subsequent transfer or a waiver of the obligation to obtain consent on subsequent occasions. If Tenant's

assignee or transferee defaults under this Lease, Landlord may proceed directly against Tenant without

pursuing remedies against the assignee or transferee.

DEFAULTS AND REMEDIES

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