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a) Any assignment or transfer to a trust or other entity in connection <br /> with estate planning of Lessee's principal shareholder(s); <br /> b) Any assignment or transfer to an affiliate(by common ownership) <br /> or subsidiary of Lessee. <br /> C) Any assignment or transfer to a corporation, limited partnership, <br /> limited liability partnership, limited liability company or other business <br /> entity in which or with which Lessee, or its corporate successors or <br /> assigns, is merged, consolidated or reorganized, so long as Lessee's <br /> obligations hereunder are assumed by the entity surviving such merger or <br /> created by such consolidation or reorganization. <br /> d) Any assignment or transfer to a corporation, limited partnership, <br /> limited liability partnership, limited liability company or other business <br /> entity acquiring all or substantially all of Lessee's or of Tenant's business <br /> operations in the Leased Premises. <br /> e) Any assignment or transfer to a Qualified Lessee. <br /> 2) "Qualified Lessee"means (1)a person or entity with a net worth equal to <br /> or greater than an amount equal to three hundred percent(300%) of the then- <br /> unpaid Rent obligations of Lessee hereunder for the remainder of the Term of the <br /> Lease and any extensions,or(2)a person or entity with a net worth equal to or <br /> greater than Lessee's net worth. <br /> 14.04. Assignment by Lessor. In the event of an assignment by Lessor of all of its interest in the <br /> Leased Premises to a person or entity that assumes all of Lessor's obligations pursuant to <br /> this Lease,Lessee agrees to look solely to such assignee with respect to obligations arising <br /> after the date of such assignment. <br /> ARTICLE 15: EVENTS OF DEFAULT AND REMEDIES; TERMINATION <br /> 15.01. Events of Default by Lessee. The following shall constitute"events of default"by Lessee <br /> under this Lease: <br /> a. Rent. Failure by Lessee to make any payment of Rent or any other payment <br /> required to be made by Lessee under this Lease when due where such <br /> failure continues for a period of ten days after written and email notice by <br /> Lessor to Lessee; provided,after the second such failure in a calendar year,only <br /> the passage of time, but no further written or email notice, shall be required to <br /> establish an event of default in the same calendar year. <br /> b. Other Breaches. Failure by Lessee to observe or perform any of the material <br /> covenants, conditions or provisions of this Lease to be observed or performed by <br /> Lessee,other than as described in subsection a.above,where such failure continues <br /> for a period of thirty(30)days after written notice by Lessor to Lessee; provided, <br /> if the nature of Lessee's obligation which it has failed to perform is such that more <br /> than thirty(30)days are reasonably required for its cure,then it shall not be deemed <br /> an event of default if Lessee commences such cure within the thirty(30)day period <br /> 17 <br />