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ARTICLE IX Assignment and Subletting 9.1 Lessee shall not assign or in any manner transfer this Lease or any estate or interest therein or sublet the Leased Premises or any part thereof without the prior written consent of Lessor. Consent by Lessor to one or more assignments or sublettings shall not operate as waiver of Lessor's rights as to any subsequent assignments and sublettings. Notwithstanding any assignment or subletting, Lessee shall at all times remain fully responsible and liable for the payment of the rent specified and for compliance with all of its other obligations under this Lease. 9.2 In the event of the transfer and assignment by Lessor of its interest in this Lease and in the building on the Leased Premises to a person, firm or corporation, assuming Lessor's obligations, Lessee agrees to look solely to the responsibility of such successor in interest of the Lessor. Any security given by Lessee to secure performance of its obligations may be assigned and transferred by Lessor to such successor in interest of Lessor and Lessor shall be discharged of any further obligation. ARTICLE X Events of Default and Remedies 10.1 The following events shall be deemed to be events of default by Lessee under this Lease: A. Lessee fails to pay when due any rental or any other sums or charges due under this Lease. B. Lessee fails to comply with any other term, provision, or covenant of this Lease, and does not cure the failure within 10 days after written notice thereof to Lessee. C. Lessee becomes insolvent, or makes a transfer in fraud of creditors, or makes an assignment for the benefit of creditors. D. Lessee commences proceedings in bankruptcy, or for reorganization, or for the readjustment or arrangement of Lessee's debts, whether under the Bankruptcy Act of the United States of America or under any other law, whether state or federal, now or hereafter existing for the relief of debtors, or there shall be commenced any analogous statutory or nonstatutory proceeding involving Lessee. The acceptance by Lessor of Lessee's monthly payment as provided subsequent to the occurrence of this event of default, or that set forth in subparagraph (5) below, shall be as compensation for use and occupancy of the leased premises, and shall in no way c;:onstitute a waiver by Lessor of its right to exercise any of the provided remedies upon the occurrence of any event of default. E. A receiver or trustee is appointed for all or substantially all of the assets of Lessee. F. Lessee deserts or vacates any substantial portion of the Leased Premise. 7