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TEXAS ASSOCIATION OF REALTORSO <br />(l."f"OMMERCIAL LEASEHOLD CONSTRUCTION ADDENDUM <br />(Tenant to Complete Construction) <br />USE OF THIS FORM BY PERSONS VU140 ARE NOT MEMBERS OF THE TEXAS AS OF REALTORSO IS NOT AUTHORIZED. <br />Texas Association of REALTORSO, Inc. 2WS <br />ADDENDUM TO THE COMMERCIAL LEASE BETWEEN THE UNDERSIGNED PARTIES CONCERNING THE <br />LEASED PREMISES AT 214 E -HU4?---Ch—ison San Marcos, TX.. 78666 <br />A. Executio a License. t Enter.- <br />(1) This addendum is executed after the above - referenced lease commenced. Landlord authorizes Tenant <br />to construct the improvements described in this addendum provided that Tenant complies with all of the <br />terms of this addendum. <br />(2) This addendum is executed before the above- referenced lease commences. Effective 30 da a2lfter <br />demo! Landlord g rants Tenant a license to enter into the Propert and the leased <br />premises for the purposes of preparin the leased premises for occupanc and constructin the <br />improvements described under this addendum and in accordance with this addendum. This license is <br />made under all the terms and provisions in the lease, except as to the covenant to pa rent. <br />B. Construction Costs: Tenant will pa the full cost to construct the improvements that Tenant is to construct <br />under this addendum, includin but not limited to the cost of material, en studies, environmental <br />studies, contractors, permits, plans, architects, inspectors, subcontractors, and materialmen. Plot latcr than <br />I C da after, thez- ce&,Wttet�- is cempl&te- a nd Temarvt haa, sa t s- cd di'l of Tenant-'s obli under thi3 <br />addendum, rad-iniburse Tcnant the cc, at of th&4Fn prop z-,rnervts in an. ariiaunt than -doe"oAL exeee4 <br />n/a <br />C. Approval of Plans: <br />(1) Not later tliai, Pr--*Lor "k-lo co-A-1sit-Iruct-JLon ,Tenant will submit to Landlord plans and specifications <br />detailin the improvements Tenant desires to complete to the leased premises. The plans must detail all <br />architectural, mechanical, electrical, and plumbin re for the improvements and must <br />describe the proposed improvements alion with the mata-riaI3 to be u3cd. and the Inta-Ldor floor, plcn of <br />the leased prcnmiscj&.-The plans must be drawn.-b & prafes,3ional awehitect ii, Qa4%e*%eP%-.1j-d&neC- with g en-c)rall y - <br />tod ar&iE actural Stand,, rds and must be sufficient for a contractor to use to construct the desired <br />improvements. <br />( 2 ) Within is da after Landlord receives the plans in accordance with Para C(l), Landlord will <br />notif Tenant whether the plans are "approved" or "disapproved" b markin such on the plans and <br />deliverin the plans back to Tenant. Landlord will not unreasonabl withhold approval of the plans.If <br />Landlord does not notif Tenant of a disapproval within the time specified, the plans will be deemed <br />approved. <br />( 3 ) If the plans are disapproved, Landlord will detail the reasons for the disapproval either on the plans or <br />5' <br />-L.-I <br />in a separate notice to Tenant. If the plans are disapproved, Tenant will, within ' da after receipt <br />of the disapproval notice from Landlord, submit amended plans to Landlord that incorporate revisions <br />necessar to satisf Landlord's reasons for the disapproval. Landlord will not unreasonabl withhold <br />( TAR-2112 ) 5-26-06 Initialed for Identification b Tenant: 6 . , and Landlord: .01 Pa 1 of 4 <br />Carson Properties 1911 Corporate Dr., Ste, 102 San Marcos, TX 78666 <br />Phone: (512)392-3322 Fax: (512)878-1900 John David Carson CoSM 214 E <br />