Common use of Annual Fixed Rent Clause in Contracts

Annual Fixed Rent. The annual rent (“Annual Rent”) for the Subleased Premises will be: i. For Year 1: Two Hundred Nineteen Thousand Six Hundred Seventeen and 55/100 Dollars ($219,617.55), payable in equal monthly installments of Eighteen Thousand Three Hundred One and 46/100 Dollars ($18,301.46); ii. For Year 2: Two Hundred Twenty Seven Thousand Twenty Four and 55/100 Dollars ($227,024.55), payable in equal monthly installments of Eighteen Thousand Nine Hundred Eighteen and 71/100 Dollars ($18,918.71); iii. For Year 3: Two Hundred Thirty Four Thousand Four Hundred Thirty One and 55/100 Dollars ($234,431.55), payable in equal monthly installments of Nineteen Thousand Five Hundred Thirty Five and 96/100 ($19,535.96); iv. For Year 4 (partial year): Two Hundred Forty One Thousand Eight Hundred Thirty Eight and 55/100 Dollars ($241,838.55), payable in equal monthly installments of Twenty Thousand One Hundred Fifty Three and 21/100 Dollars ($20,153.21). The Annual Rent shall be payable in advance, without any previous demand therefor, in equal monthly installments as set forth above, on the first day of each month during the Term, except that (i) with respect to Year 1 (as defined below), no Annual Rent shall be due until the date that is six weeks after the Sublease Commencement Date (the “Rent Commencement Date”) and only for the portion of the Term from and after the Rent Commencement Date and (ii) with respect to Year 4, Annual Rent shall be pro rated for such partial year. If the Rent Commencement Date falls on a day other than the first day of the month, then the Annual Rent due with respect to such month of the Term shall be prorated, and if the Sublease Expiration Date falls on a day other than the last day of the month, then the Annual Rent due with respect to such month of the Term shall be prorated. Checks for the Annual Rent shall be made payable to Alkermes, Inc. and mailed to 00 Xxxxxx Xxxxxx, Cambridge, Massachusetts 02139 to the attention of Accounts Receivable. For purposes of this Sublease, “Year 1” shall be the 12 months commencing on the Sublease Commencement Date and ending on the day immediately preceding the first anniversary of the Sublease Commencement Date. Each subsequent “Year” shall commence on the day immediately following the expiration of the preceding Year and shall expire on the day immediately preceding the anniversary of such commencement (except for Year 4 which is a partial year and shall expire on the Sublease Expiration Date).

Annual Fixed Rent. The annual rent (“A) With respect to the Existing Premises, Annual Rent”) for the Subleased Premises will be: i. For Year 1: Two Hundred Nineteen Thousand Six Hundred Seventeen and 55/100 Dollars ($219,617.55), payable in equal monthly installments of Eighteen Thousand Three Hundred One and 46/100 Dollars ($18,301.46); ii. For Year 2: Two Hundred Twenty Seven Thousand Twenty Four and 55/100 Dollars ($227,024.55), payable in equal monthly installments of Eighteen Thousand Nine Hundred Eighteen and 71/100 Dollars ($18,918.71); iii. For Year 3: Two Hundred Thirty Four Thousand Four Hundred Thirty One and 55/100 Dollars ($234,431.55), payable in equal monthly installments of Nineteen Thousand Five Hundred Thirty Five and 96/100 ($19,535.96); iv. For Year 4 (partial year): Two Hundred Forty One Thousand Eight Hundred Thirty Eight and 55/100 Dollars ($241,838.55), payable in equal monthly installments of Twenty Thousand One Hundred Fifty Three and 21/100 Dollars ($20,153.21). The Annual Fixed Rent shall be paid as currently provided in the Lease. (B) With respect to the Fourth Expansion Premises A, Annual Fixed Rent for the Fourth Expansion Premises A shall be payable in advance, without any previous demand therefor, in equal monthly installments as set forth above, on the first day of each month during the Term, except that follows: (i) with respect to Year 1 (as defined below), no Annual Rent shall be due until Commencing on the date that is six weeks after the Sublease Commencement Date (the “Rent Commencement Date”) and only for the portion of the Term from and after the Fourth Expansion Premises A Rent Commencement Date and continuing through and including September 2008 (plus the partial month, if any, immediately following the Fourth Expansion Premises A Rent Commencement Date) at the annual rate of Eight Hundred and Thirty Three Thousand Nine Hundred and Eighty Two 50/100 Dollars ($833,982.50) (being the product of (i) $32.50 and (ii) with respect to Year 4, Annual Rent shall be pro rated for such partial year. If the Rent Commencement Date falls on a day other than the first day Rentable Floor Area of the month, then Fourth Expansion Premises A (being 25,661 square feet)); (ii) During the Annual Rent due with respect to such month next twelve (12) calendar months of the Term shall be proratedTerm, at the annual rate of Eight Hundred and if Fifty Nine Thousand Six Hundred and Forty Three 50/100 Dollars ($859,643.50) (being the Sublease Expiration Date falls on a day other than product of (i) $33.50 and (ii) the last day Rentable Floor Area of the month, then the Annual Rent due with respect to such month of the Term shall be prorated. Checks for the Annual Rent shall be made payable to Alkermes, Inc. Fourth Expansion Premises A); and (iii) Thereafter and mailed to 00 Xxxxxx Xxxxxx, Cambridge, Massachusetts 02139 to the attention of Accounts Receivable. For purposes of this Sublease, “Year 1” shall be the 12 months commencing on the Sublease Commencement Date and ending on the day immediately preceding the first anniversary of the Sublease Commencement Date. Each subsequent “Year” shall commence on the day immediately following continuing through the expiration of the preceding Year Term, at the annual rate of Eight Hundred and Eighty Five Thousand Three Hundred and Four 50/100 Dollars ($885,304.50) (being the product of (i) $34.50 and (ii) the Rentable Floor Area of the Fourth Expansion Premises A). (C) With respect to the Fourth Expansion Premises B, Annual Fixed Rent for the Fourth Expansion Premises B shall expire be payable as follows: (i) Commencing on the day Fourth Expansion Premises B Rent Commencement Date and continuing and continuing through and including September 2008 (plus the partial month, if any, immediately preceding following the anniversary Fourth Expansion Premises B Rent Commencement Date) at the annual rate of such commencement Sixty Nine Thousand Nine Hundred and Fifty Seven 00/100 Dollars (except for Year 4 which is a partial year $69,957.00) (being the product of (i) $27.00 and shall expire on (ii) the Sublease Expiration DateRentable Floor Area of the Fourth Expansion Premises B (being 2,591 square feet)); (ii) During the next twelve (12) calendar months of the Term, at the annual rate of Seventy Two Thousand Five Hundred and Forty Eight 00/100 Dollars ($72,548.00) (being the product of (i) $28.00 and (ii) the Rentable Floor Area of the Fourth Expansion Premises B); and (iii) Thereafter and continuing through the expiration of the Term, at the annual rate of Seventy Five Thousand One Hundred and Thirty Nine 00/100 Dollars ($75,139.00) (being the product of (i) $29.00 and (ii) the Rentable Floor Area of the Fourth Expansion Premises B).

Annual Fixed Rent. The annual rent (“definition of Annual Rent”) for the Subleased Premises will be: i. For Year 1: Two Hundred Nineteen Thousand Six Hundred Seventeen and 55/100 Dollars ($219,617.55), payable in equal monthly installments of Eighteen Thousand Three Hundred One and 46/100 Dollars ($18,301.46); ii. For Year 2: Two Hundred Twenty Seven Thousand Twenty Four and 55/100 Dollars ($227,024.55), payable in equal monthly installments of Eighteen Thousand Nine Hundred Eighteen and 71/100 Dollars ($18,918.71); iii. For Year 3: Two Hundred Thirty Four Thousand Four Hundred Thirty One and 55/100 Dollars ($234,431.55), payable in equal monthly installments of Nineteen Thousand Five Hundred Thirty Five and 96/100 ($19,535.96); iv. For Year 4 (partial year): Two Hundred Forty One Thousand Eight Hundred Thirty Eight and 55/100 Dollars ($241,838.55), payable in equal monthly installments of Twenty Thousand One Hundred Fifty Three and 21/100 Dollars ($20,153.21). The Annual Fixed Rent shall be payable in advance, without any previous demand therefor, in equal monthly installments as set forth above, on in Section 1.2 of the first day Lease is hereby deleted and the following new definition of each month during the Term, except that Annual Fixed Rent inserted in its place: “Years 1-5. (i) with respect to Year 1 (as defined below)For the Original Premises, no Annual Rent shall be due until for the date that is six weeks after period commencing on the Sublease Commencement Date (the “Base Rent Commencement Date”, through the day preceding the fifth (5th) Lease Anniversary Date, at a rate per annum equal to the product of (a) Fifty-Six and only for 00/100 ($56.00) Dollars and (b) the portion number of Rentable Square Feet of space included within the Premises, adjusted to reflect the initial phase-in of each floor of the Term from and after the Rent Commencement Date and Premises, and (ii) with respect For the Second Floor Additional Space, for the period commencing on June 1, 2003, through the day preceding the fifth (5th) Lease Anniversary Date, at a rate per annum equal to Year 4the product of (a) Forty-Six and 00/100 ($46.00) Dollars and (b) the number of Rentable Square Feet of space included within the Second Floor Additional Space. Years 6-10. (i) For the Original Premises, Annual Rent shall be pro rated for such partial year. If the Rent Commencement Date falls on period from the fifth (5th) Lease Anniversary Date, through the day preceding the tenth (10th) Lease Anniversary Date, at a day other than rate per annum equal to the first day product of (a) Sixty-Two and 00/100 ($62.00) Dollars and (b) the number of Rentable Square Feet of space included within the Premises, adjusted to reflect the initial phase-in of each floor of the monthPremises, then and (ii) For the Annual Rent due with respect Second Floor Additional Space, for the period from the fifth (5th) Lease Anniversary Date, through the day preceding the tenth (10th) Lease Anniversary Date, at a rate per annum equal to such month the product of (a) Fifty and 93/100 ($50.93) Dollars and (b) the number of Rentable Square Feet of space included within the Second Floor Additional Space. Years 11-15. (i) For the Original Premises, for the period from the tenth (10th) Lease Anniversary Date, through the day preceding the fifteenth (15th) Lease Anniversary Date, at a rate per annum equal to the product of (a) Sixty-Seven and 00/100 ($67.00) Dollars and (b) the number of Rentable Square Feet of space included within the Premises, adjusted to reflect the initial phase-in of each floor of the Term shall be proratedPremises, and (ii) For the Second Floor Additional Space, for the period from the tenth (10th) Lease Anniversary Date, at a rate per annum equal to the product of (a) Fifty-Five and if 04/100 ($55.04) Dollars and (b) the Sublease Expiration Date falls on number of Rentable Square Feet of space included within the Second Floor Additional Space. Years 16-20. (i) For the Original Premises, for the period from the fifteenth (15th) Lease Anniversary Date, through the day preceding the twentieth (20th) Lease Anniversary Date, at a day other than rate per annum equal to the last day product of (a) Seventy-Two and 00/100 ($72.00) Dollars and (b) the number of Rentable Square Feet of space included within the Premises, adjusted to reflect the initial phase-in of each floor of the monthPremises, then and (ii) For the Annual Rent due with respect to such month of the Term shall be prorated. Checks Second Floor Additional Space, for the Annual Rent shall be made payable to Alkermesperiod from the fifteenth (15th) Lease Anniversary Date, Inc. and mailed to 00 Xxxxxx Xxxxxxthrough the day preceding the twentieth (20th) Lease Anniversary Date, Cambridge, Massachusetts 02139 at a rate per annum equal to the attention product of (a) Fifty-Nine and 14/100 ($59.14) Dollars and (b) the number of Accounts Receivable. For purposes Rentable Square Feet of this Sublease, “Year 1” shall be space included within the 12 months commencing on the Sublease Commencement Date and ending on the day immediately preceding the first anniversary of the Sublease Commencement Date. Each subsequent “Year” shall commence on the day immediately following the expiration of the preceding Year and shall expire on the day immediately preceding the anniversary of such commencement (except for Year 4 which is a partial year and shall expire on the Sublease Expiration Date)Second Floor Additional Space.”

Annual Fixed Rent. The annual rent (“definition of Annual Rent”) for Fixed Rent set forth in Section 1.2 of the Subleased Premises will beLease is hereby deleted and the following new definition of Annual Fixed Rent inserted in its place: i. For Year 1: Two Hundred Nineteen Thousand Six Hundred Seventeen and 55/100 Dollars ($219,617.55), payable in equal monthly installments of Eighteen Thousand Three Hundred One and 46/100 Dollars ($18,301.46); ii. For Year 2: Two Hundred Twenty Seven Thousand Twenty Four and 55/100 Dollars ($227,024.55), payable in equal monthly installments of Eighteen Thousand Nine Hundred Eighteen and 71/100 Dollars ($18,918.71); iii. For Year 3: Two Hundred Thirty Four Thousand Four Hundred Thirty One and 55/100 Dollars ($234,431.55), payable in equal monthly installments of Nineteen Thousand Five Hundred Thirty Five and 96/100 ($19,535.96); iv. For Year 4 (partial year): Two Hundred Forty One Thousand Eight Hundred Thirty Eight and 55/100 Dollars ($241,838.55), payable in equal monthly installments of Twenty Thousand One Hundred Fifty Three and 21/100 Dollars ($20,153.21). The Annual Rent shall be payable in advance, without any previous demand therefor, in equal monthly installments as set forth above, on the first day of each month during the Term, except that (i) with respect to Year 1 (as defined below)For the Original Premises, no Annual Rent shall be due until for the date that is six weeks after period commencing on the Sublease Commencement Date (the “Base Rent Commencement Date”, through the day preceding the fifth (5th) Lease Anniversary Date, at a rate per annum equal to the product of (a) Fifty-Six and only for 00/100 ($56.00) Dollars and (b) the portion number of Rentable Square Feet of space included within the Premises, adjusted to reflect the initial phase-in of each floor of the Term from and after the Rent Commencement Date and Premises, and (ii) with respect For the Second Floor Additional Space, for the period commencing on June 1, 2003, through the day preceding the fifth (5th) Lease Anniversary Date, at a rate per annum equal to Year 4the product of (a) Forty-Six and 00/100 ($46.00) Dollars and (b) the number of Rentable Square Feet of space included within the Second Floor Additional Space. Years 6-10. (i) For the Original Premises, Annual Rent shall be pro rated for such partial year. If the Rent Commencement Date falls on period from the fifth (5th) Lease Anniversary Date, through the day preceding the tenth (10th) Lease Anniversary Date, at a day other than rate per annum equal to the first day product of (a) Sixty-Two and 00/100 ($62.00) Dollars and (b) the number of Rentable Square Feet of space included within the Premises, adjusted to reflect the initial phase-in of each floor of the monthPremises, then and (ii) For the Annual Rent due with respect Second Floor Additional Space, for the period from the fifth (5th) Lease Anniversary Date, through the day preceding the tenth (10th) Lease Anniversary Date, at a rate per annum equal to such month the product of (a) Fifty and 93/100 ($50.93) Dollars and (b) the number of Rentable Square Feet of space included within the Second Floor Additional Space. Years 11-15. (i) For the Original Premises, for the period from the tenth (10th) Lease Anniversary Date, through the day preceding the fifteenth (15th) Lease Anniversary Date, at a rate per annum equal to the product of (a) Sixty-Seven and 00/100 ($67.00) Dollars and (b) the number of Rentable Square Feet of space included within the Premises, adjusted to reflect the initial phase-in of each floor of the Term shall be proratedPremises, and (ii) For the Second Floor Additional Space, for the period from the tenth (10th) Lease Anniversary Date, at a rate per annum equal to the product of (a) Fifty-Five and if 04/100 ($55.04) Dollars and (b) the Sublease Expiration Date falls on number of Rentable Square Feet of space included within the Second Floor Additional Space. Years 16-20. (i) For the Original Premises, for the period from the fifteenth (15th) Lease Anniversary Date, through the day preceding the twentieth (20th) Lease Anniversary Date, at a day other than rate per annum equal to the last day product of (a) Seventy-Two and 00/100 ($72.00) Dollars and (b) the number of Rentable Square Feet of space included within the Premises, adjusted to reflect the initial phase-in of each floor of the monthPremises, then and (ii) For the Annual Rent due with respect to such month of the Term shall be prorated. Checks Second Floor Additional Space, for the Annual Rent shall be made payable to Alkermesperiod from the fifteenth (15th) Lease Anniversary Date, Inc. and mailed to 00 Xxxxxx Xxxxxxthrough the day preceding the twentieth (20th) Lease Anniversary Date, Cambridge, Massachusetts 02139 at a rate per annum equal to the attention product of (a) Fifty-Nine and 14/100 ($59.14) Dollars and (b) the number of Accounts Receivable. For purposes Rentable Square Feet of this Sublease, “Year 1” shall be space included within the 12 months commencing on the Sublease Commencement Date and ending on the day immediately preceding the first anniversary of the Sublease Commencement Date. Each subsequent “Year” shall commence on the day immediately following the expiration of the preceding Year and shall expire on the day immediately preceding the anniversary of such commencement (except for Year 4 which is a partial year and shall expire on the Sublease Expiration Date)Second Floor Additional Space."

Annual Fixed Rent. The annual rent (“A) With respect to the Existing Premises, Annual Rent”) for the Subleased Premises will be: i. For Year 1: Two Hundred Nineteen Thousand Six Hundred Seventeen and 55/100 Dollars ($219,617.55), payable in equal monthly installments of Eighteen Thousand Three Hundred One and 46/100 Dollars ($18,301.46); ii. For Year 2: Two Hundred Twenty Seven Thousand Twenty Four and 55/100 Dollars ($227,024.55), payable in equal monthly installments of Eighteen Thousand Nine Hundred Eighteen and 71/100 Dollars ($18,918.71); iii. For Year 3: Two Hundred Thirty Four Thousand Four Hundred Thirty One and 55/100 Dollars ($234,431.55), payable in equal monthly installments of Nineteen Thousand Five Hundred Thirty Five and 96/100 ($19,535.96); iv. For Year 4 (partial year): Two Hundred Forty One Thousand Eight Hundred Thirty Eight and 55/100 Dollars ($241,838.55), payable in equal monthly installments of Twenty Thousand One Hundred Fifty Three and 21/100 Dollars ($20,153.21). The Annual Fixed Rent shall be paid as currently provided in the Lease. (B) With respect to the Third Expansion Premises A Annual Fixed Rent for the Third Expansion Premises A shall be payable in advance, without any previous demand therefor, in equal monthly installments as set forth above, on the first day of each month during the Term, except that follows: (i) with respect to Year 1 (as defined below), no Annual Rent shall be due until Commencing on the date that is six weeks after the Sublease Commencement Date (the “Rent Commencement Date”) and only for the portion of the Term from and after the Third Expansion Premises A Rent Commencement Date and continuing for the next twelve calendar months of the Term (plus the partial month, if any, immediately following the Third Expansion Premises A Rent Commencement Date) at the annual rate of Two Hundred and Forty Three Thousand Six Hundred 00/100 Dollars ($243,600.00) (being the product of (i) $29.00 and (ii) with respect to Year 4, Annual Rent shall be pro rated for such partial year. If the Rent Commencement Date falls on a day other than the first day Rentable Floor Area of the month, then Third Expansion Premises A (being 8,400 square feet)); (ii) During the Annual Rent due with respect to such month next twelve (12) calendar months of the Term shall be proratedTerm, at the annual rate of Two Hundred and if Fifty Two Thousand 00/100 Dollars ($252,000.00) (being the Sublease Expiration Date falls on a day other than product of (i) $30.00 and (ii) the last day Rentable Floor Area of the month, then the Annual Rent due with respect to such month of the Term shall be prorated. Checks for the Annual Rent shall be made payable to Alkermes, Inc. Third Expansion Premises A); and (iii) Thereafter and mailed to 00 Xxxxxx Xxxxxx, Cambridge, Massachusetts 02139 to the attention of Accounts Receivable. For purposes of this Sublease, “Year 1” shall be the 12 months commencing on the Sublease Commencement Date and ending on the day immediately preceding the first anniversary of the Sublease Commencement Date. Each subsequent “Year” shall commence on the day immediately following continuing through the expiration of the preceding Year Term, at the annual rate of Two Hundred and Sixty Thousand Four Hundred 00/100 Dollars ($260,400.00) (being the product of (i) $31.00 and (ii) the Rentable Floor Area of the Third Expansion Premises A). (C) With respect to the Third Expansion Premises B, Annual Fixed Rent for the Third Expansion Premises B shall expire be payable as follows: (i) Commencing on the day Third Expansion Premises B Rent Commencement Date and continuing for the next twelve calendar months of the Term (plus the partial month, if any, immediately preceding following the anniversary Third Expansion Premises B Rent Commencement Date) at the annual rate of such commencement One Hundred and Twenty One Thousand Nine Hundred 00/100 Dollars (except for Year 4 which is a partial year $121,900.00) (being the product of (i) $25.00 and shall expire (ii) the Rentable Floor Area of the Third Expansion Premises B (being 4,876 square feet)); (ii) During the next twelve (12) calendar months of the Term, at the annual rate of One Hundred and Twenty Six Thousand Seven Hundred and Seventy Six 00/100 Dollars ($126,776.00) (being the product of (i) $26.00 and (ii) the Rentable Floor Area of the Third Expansion Premises B); and (iii) Thereafter and continuing through the expiration of the Term, at the annual rate of One Hundred and Thirty One Thousand Six Hundred and Fifty Two 00/100 Dollars ($131,652.00) (being the product of (i) $27.00 and (ii) the Rentable Floor Area of the Third Expansion Premises B). (A) Effective as of the Third Expansion Premises A Commencement Date and continuing through the expiration of the Term, the following definitions are hereby added to the REFERENCE DATA in Section 1.1 of the Lease: NUMBER OF PARKING PRIVILEGES FOR THE Beginning on the Sublease Expiration Third Expansion THIRD EXPANSION PREMISES A: Premises A Commencement Date)., there shall be added additional privileges for parking twenty nine (29) automobiles, eight (8) of which are located in the garage below the Building, and twenty-one (21) of which will be located on the outdoor surface lot. RENTABLE FLOOR AREA OF THE THIRD 8,400 square feet. EXPANSION PREMISES A: (B) Effective as of the Third Expansion Premises B Commencement Date and continuing through the expiration of the Term, the following definitions are hereby added to the REFERENCE DATA in Section 1.1 of the Lease: NUMBER OF PARKING PRIVILEGES FOR THE Beginning on the Third Expansion THIRD EXPANSION PREMISES B: Premises B Commencement Date, there shall be added additional privileges for parking seventeen (17) automobiles, five (5) of which are located in the garage below the Building, and twelve (12) of which will be located on the outdoor surface lot. RENTABLE FLOOR AREA OF THE THIRD 4,876 square feet. EXPANSION PREMISES B: