Leasing Representations and Warranties . Borrower represents and warrants to Lender with respect to leases of the Project that to the best of Borrower's knowledge: (1) Borrower has delivered to Lender true and complete copies of all Leases, including all modifications and amendments thereto. No Person has any possessory interest or right to occupy any portion of the Property except under and pursuant to the provisions of the Leases, (2) the most recent Rent Roll delivered to Lender by Borrower is accurate and complete in all material respects as of the date delivered; (3) except as indicated on the most recent Rent Roll delivered to Lender by Borrower, no security deposits are being held by Borrower (including bonds or letters of credit being held in lieu of cash security deposits), (4) no tenant has any extension or renewal rights (except as set forth in its Lease), no tenant or other party has any option, right of first refusal or similar preferential right to purchase all or any portion of any Property, (5) neither the landlord nor, to Borrower's knowledge. any tenant is in default under any of the Leases; (6) Borrower has no knowledge of any notice of termination or default with respect to any Lease; (7) Borrower has not assigned or pledged any of the Leases, the rents or any interests therein except to Lender; (8) no tenant has the right or option to terminate its lease prior to expiration of the stated term of such Lease, other than termination rights arising from landlord defaults, casualty, condemnation or similar events or circumstances and termination rights of Gelson's expressly set forth in the Gelson's Lease including the Gelson's Work Letter; (9) no tenant has prepaid more than one month's rent in advance, except for bona fide security deposits not in excess of an amount equal to two month's rent and (10) each Lease other than the Gelson's Lease is either month to month, expires or terminates prior to the end of 2016 or gives the landlord the option to terminate such Lease upon 6 months notice and without payment by Borrower, as landlord, of any termination fee or concession or other payment except for minor termination payments possible.