Exhibit L. Tenant Improvements Cost Summary TICS Table - EREC.xlsx

TICS

EXHIBIT L

RLP No. 36C24425R0039

Page &P

INSTRUCTIONS

Tenant Improvements (TI)

TIs include the finishes and fixtures that take space from the shell condition to a finished, usable condition.

1. Fill out light blue fields categorized Tenant Improvements (TI), inputting only costs associated with TI.

2. Fill each division tab 1-33 as needed for the construction to be performed under the TI costs as indicated above.

Shell

1. Fill out light blue fields categorized SHELL, inputting only costs associated with shell as defined in the 'SHELL' tab.

2. Fill each division tab 1-33 as needed for the construction to be preformed under the SHELL cost as indicated above.

Building Specific Amortized Capital (BSAC)

BSAC is used for the build-out of security-related improvements, most commonly listed on a 'Security Requirements' attachment.

1. Because Architectural & Engineering Fees and Lessor's Project Management Fees apply to BSAC as well as Tenant Improvement costs, this form includes opportunities to include BSAC pricing in order to capture a comprehensive fee evalutation. Fees identified as having a percentage basis for TI costs on the INPUT tab will automatically be applied to BSAC costs as well on the TICS tab, if applicable.

2. BSAC elements are traditionally itemized on a Security Unit Price List form. Enter the 'Total Costs' value from that form on the BSAC tab as instructed on the page. If a Security Unit Price List is not available and/or a more detailed examination of BSAC costs is desired, the BSAC tab can also itemize costs.

SHELL

Base structure and building enclosure components (windows with exterior finishes) are complete.

Broom-clean concrete floor slab, with a flat and level floor.

Base building mechanical, electrical and plumbing systems (e.g., central fire alarm, chiller plant, cooling tower) are complete and functional.

Gypsum wallboard, spackled and prime painted, on exterior perimeter walls and tenant demising walls, without suite entry door.

All common areas, such as lobbies, elevators, fire egress corridors and stairwells, garages, and service areas are complete. (Circulation corridors are provided as part of the base building only on multi- tenanted floors where the corridor is common to more than one tenant. On single tenant floors, only the fire egress corridor necessary to meet code is provided as part of the shell.)

Suspended acoustical ceiling system including grid and lay-in tiles (or other building standard). Lighting luminaires should be installed in the ceiling grid for an open office plan at the rate of one fixture per 80 USF.3 Lighting controls with ambient lighting adjusted per daylight availability, occupancy, vacancy, or other building automation system signals.

Building common restrooms are complete and operational.

Building cores on each floor with assignable space contain the following: tappable domestic water riser, service sanitary drain, sanitary vent, ready for extension to tenant- demised areas.

Electrical power distribution panels and circuit breakers available in an electrical closet, with capacity at 120/208 volt, 3- phase, 4-wire providing 4 watts per USF excluding lighting and HVAC.

Designated connection point to the central fire alarm system for extension to tenant- demised areas.

Distribution backboard within a wire closet for connection to tenant’s telephone lines. Vertical conduit (empty sleeve) through building core, available for tenant wiring and cabling.

Central heating, ventilation, and air conditioning (HVAC) systems are installed and operational, including, as appropriate, main and branch lines, variable air volume boxes, dampers, flex ducts and diffusers, for open office layout. Conditioned air through medium pressure ductwork at a rate of .75 cfm per square foot of usable area is provided.

Sprinkler mains and distribution piping in a protection layout (open plan) with heads turned down, concealed with an escutcheon or trim plate, are installed.

INPUT

If BSAC is applicable, 'Amount' values entered above for TI fees that have a 'percent' basis will automatically be applied to BSAC on the TICS tab. 'Lump Sum' basis amounts will NOT be applied twice; 'lump sum' basis amounts entered above should consider the full scope of both TI and BSAC and will only be displayed once on the TICS tab.

BSAC

26.1

26.2

28.1

28.2

cornerstone

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