Common use of Base Rental Clause in Contracts

Base Rental. 4.1 Tenant shall pay to Landlord annual rent during the Initial Term of this Lease in the amount of Thirty-Five Thousand One Hundred and Sixty Dollars and 00/100 Dollars ($35,160) ("Base Rent"), which shall be paid in equal consecutive monthly installments of One Thousand Four Hundred and Sixty-Five Dollars and 00/100 Dollars ($1,465.00) and a prorated portion for any partial calendar month. Installments of rent shall be paid on the first day of each calendar month in advance. 4.2 In the event that Tenant exercises its right to a Renewal Term, the Base Rent payable during the Renewal Term (and the Base Building Expense figure), as specified in Section 4.1 for Base Rent and Section 5.1 for Base Building Expense, shall be adjusted as of the first day of each Renewal Term (the "First Adjustment Date") by the percentage increase in the Consumer's Price Index for all Urban Consumers specified for All Items, All Cities (1982-1984=100) and issued by the Bureau of Labor Statistics of the United States Department of Labor, or any replacement thereof (the "Index"). The increased annual Base Rent shall be equal to the annual Base Rent payable for the year preceding the Adjustment Date multiplied by a fraction, the numerator of which is the Index for the second calendar month immediately preceding the Adjustment Date and the denominator is the Index for the second calendar month one year preceding. In no event shall the Base Rent be decreased. Notwithstanding the foregoing, the increase in Base Rent for any one Renewal Term shall not be greater than five percent (5%). 4.3 All rent shall be paid to Landlord at the address set forth herein or at such other address as Landlord may designate in writing, without any prior demand therefore and without any deduction or offset whatsoever. 4.4 In the event that Tenant shall fail to pay any amount under this Lease when the same shall be due, such amount shall be subject to a one-time late charge of five cents (.05(cent)) for each One Dollar ($1.00) not paid when due and thereafter shall be subject to a service charge until such amount is paid at the lesser of the rate of two percent (2%) per month or the highest rate permitted by law.

Base Rental. 4.1 Throughout the Term of this Lease, and until adjusted as provided below, Tenant shall pay base rental to Landlord annual rent during as follows (the Initial Term of this Lease in the amount of Thirty-Five Thousand One Hundred and Sixty Dollars and 00/100 Dollars ($35,160) ("Base RentRental"), which ): RATE PER SQUARE FOOT OF RENTAL PERIOD RENTABLE AREA MONTHLY ANNUALLY ------------- ------------- ------- -------- 1st Lease Year $18.50 $57,202.00 $686,424.00 2nd lease Year $19.00 S58,748.00 $704,976.00 3rd Lease Year $19.52 $60,355.84 $724,270.08 4th Lease Year $20.06 $62,025.52 $744,306.24 5th Lease Year $20.62 $63,757.04 $765,084.48 Each monthly installment shall be paid in equal consecutive monthly installments of One Thousand Four Hundred due and Sixty-Five Dollars and 00/100 Dollars ($1,465.00) and a prorated portion for any partial calendar month. Installments of rent shall be paid payable promptly on the first day of each calendar month month, in advance. 4.2 advance and without offset, deduction or prior demand, during the Term of this Lease. In the event that Tenant exercises its right to the Term of this Lease shall commence on a Renewal Term, the Base Rent payable during the Renewal Term (and the Base Building Expense figure), as specified in Section 4.1 for Base Rent and Section 5.1 for Base Building Expense, shall be adjusted as of date other than the first day of each Renewal Term the month, rent for such month shall be prorated and such prorated amount (the "First Adjustment Date") by the percentage increase in the Consumer's Price Index for all Urban Consumers specified for All Items, All Cities (1982-1984=100) and issued by the Bureau of Labor Statistics of the United States Department of Labor, or any replacement thereof (the "Index"). The increased annual Base Rent which shall be equal to the annual monthly Base Rent payable for the year preceding the Adjustment Date Rental stated above multiplied by a fraction, the numerator of which is shall be the Index for number of days from the second calendar month immediately preceding Commencement Date through the Adjustment Date end of such month, inclusive of both days, and the denominator is of which shall be the Index for number of days in such month) shall be due and payable on the second calendar month one year precedingCommencement Date. All payments of rent or any other sum due under this Lease shall be made payable to "Gran Central Corporation" and shall be forwarded by Tenant to Landlord as follows: c/o CNL Corporate Properties, Inc., 455 Xxxxx Xxxxxx Xxxxxx, Xxxxx 000, Xxxxxxx, Xxxxxxx 00000, Xxtention: Kim Xxxx. In no the event Tenant shall fail to pay a monthly installment within ten (10) calendar days of the Base Rent be decreased. Notwithstanding the foregoingdue date, the increase in Base Rent for any one Renewal Term shall not be greater than a late charge of five percent (5%). 4.3 All rent ) of the Monthly Base Rental, with a minimum of twenty dollars ($20.00) per month, shall be added to the Base Rental and paid to Landlord at the address set forth herein or at for each such other address as Landlord may designate in writing, without any prior demand therefore late payment and without any deduction or offset whatsoever. 4.4 In the event that Tenant shall fail to pay any amount under this Lease when the same shall be duetreated as additional rent. Should Tenant present a check to Landlord that is returned from Tenant's bank for any reason, Landlord reserves the right to demand that all future rental payments be made in the form of cashiers' checks or certified funds. Tenant agrees to pay Landlord interest at a rate of twelve percent (12%) per annum (or the maximum rate permitted by applicable law, whichever is less) on all Base Rental, additional rental or other sums due hereunder that are not paid when such amounts are due and payable. Nothing contained herein shall require Landlord to accept any tender of payment from Tenant for less than the full amount then due under this Lease, including any and all late charges, interest and attorneys' fees that may then be due from Tenant in accordance with the express terms of this Lease. Landlord may elect to accept less than the full amount then due from Tenant hereunder; however, no payment by Tenant or receipt by Landlord of such lesser amount shall be subject deemed to a one-time late charge of five cents (.05(cent)) for each One Dollar ($1.00) not paid when due be other than on payment on account, and thereafter no restrictive endorsement or statement on any check or payment shall be subject deemed to a service charge until such alter the express provisions of this Lease, nor constitute an accord and satisfaction. Landlord may accept less than the full amount is paid at then due from Tenant without prejudice to Landlord's right to recover the lesser balance of the rate full amount then due, or to pursue any other remedies then available to Landlord under this Lease or applicable law. In all events, including but not limited to Landlord's acceptance of two percent (2%) per month a partial payment from Tenant, any payment accepted by Landlord from Tenant shall be applied first to retire the oldest receivables due from Tenant hereunder, then to any current rental or other payment then due hereunder, and the highest rate permitted by lawbalance, if any, will be applied to any rental or other payment which will become due from Tenant hereunder.

Base Rental. 4.1 Tenant shall The annual rent to be paid for said premises during said term, which lessee hereby agrees to pay to Landlord annual rent during lessor in advance, and lessor hereby agrees to accept, shall be the Initial Term sum of this Lease in the amount of Thirty-Thirty Three Thousand Five Thousand One Hundred and Sixty Thirty Six Dollars and 00/100 Dollars & 25/100 ($35,16033,536.25) ("Base Rent"), which shall be paid payable in equal consecutive monthly installments of One Thousand Four Hundred and Sixty-Five Dollars and 00/100 Dollars ($1,465.00) and a prorated portion for any partial calendar month. Installments of rent shall be paid on the first day of each calendar month in advance. 4.2 In the event that Tenant exercises its right to a Renewal Term, the Base Rent payable during the Renewal Term (and the Base Building Expense figure), as specified in Section 4.1 for Base Rent and Section 5.1 for Base Building Expense, term of this lease. Such rental shall be adjusted base rental and subject to escalation as hereinafter provided. The annual base rent to be paid for said demised premises during the term hereof, and any additional rent shall be paid without demand, diminution, deduction, or set-off, or prior demand, in monthly installments during the term of this lease, all as together with additional rent hereinafter provided. If the obligation of the lessee to pay rent hereunder begins on a day other than on the first day of each Renewal Term (a month, rent from such date until the "First Adjustment Date") by the percentage increase in the Consumer's Price Index for all Urban Consumers specified for All Items, All Cities (1982-1984=100) and issued by the Bureau of Labor Statistics first day of the United States Department following month shall be prorated at the rate of Labor, or any replacement thereof one-thirtieth (1/30) of the "Index")fixed monthly rental for each day payable in advance. The increased annual Base Rent shall be equal lessee will pay, without demand, said rent by check to the annual Base Rent payable for the year preceding the Adjustment Date multiplied by a fractionThomxx X. Xxxxx Xxxagement, the numerator of which is the Index for the second calendar month immediately preceding the Adjustment Date and the denominator is the Index for the second calendar month one year preceding. In no event shall the Base Rent be decreased. Notwithstanding the foregoingInc., the increase in Base Rent for any one Renewal Term shall not be greater than five percent (5%)4545 00xx Xxxxxx, X.X. #000, Xxxx. 4.3 All rent shall be paid , X.X. 00000, xx to Landlord at the address set forth herein such other party or at to such other address as Landlord lessor may designate in writingfrom time to time by written notice to lessee, without any prior demand therefore and without deduction, set-off or counterclaim. If lessor shall at any deduction time or offset whatsoever. 4.4 In times accept said rent after it shall become due and payable, such acceptance shall not excuse delay upon subsequent occasions, or constitute, or be construed as, a waiver of any or all of the event that Tenant shall fail lessor's rights hereunder. Lessor acknowledges receipt from lessee of one twelfth of the initial annual base rent to pay be held as collateral security for the payment of any amount rentals and other sums of money payable by lessee under this Lease when lease, and for the same faithful performance of all other covenants and agreements of lessee hereunder. The amount of said deposit shall be duerepaid to lessee after the termination of this lease and any renewal thereof, provided lessee shall have made all payments and performed all covenants and agreements. Upon any default by lessee hereunder, all or part of said deposit may, at lessor's sole option, be applied on account of such amount shall be subject to a one-time late charge of five cents (.05(cent)) for each One Dollar ($1.00) not paid when due default, and thereafter lessee shall be subject to a service charge until such amount is paid at promptly restore the lesser of the rate of two percent (2%) per month or the highest rate permitted by lawresulting deficiency in said deposit.

Base Rental. 4.1 Tenant shall The annual rent to be paid for said premises during said term, which lessee hereby agrees to pay to Landlord annual rent during lessor in advance, and lessor hereby agrees to accept, shall be the Initial Term sum of this Lease in the amount of Thirty-Five Fifty One Thousand Eight Hundred Eighty One Hundred and Sixty Dollars and 00/100 Dollars & 25/100 ($35,16051,881.25) ("Base Rent"), which shall be paid payable in equal consecutive monthly installments of One Thousand Four Hundred and Sixty-Five Dollars and 00/100 Dollars ($1,465.00) and a prorated portion for any partial calendar month. Installments of rent shall be paid on the first day of each calendar month in advance. 4.2 In the event that Tenant exercises its right to a Renewal Term, the Base Rent payable during the Renewal Term (and the Base Building Expense figure), as specified in Section 4.1 for Base Rent and Section 5.1 for Base Building Expense, term of this lease. Such rental shall be adjusted base rental and subject to escalation as hereinafter provided. The annual base rent to be paid for said demised premises during the term hereof, and any additional rent shall be paid without demand, diminution, deduction, or set-off, or prior demand, in monthly installments during the term of this lease, all as together with additional rent hereinafter provided. If the obligation of the lessee to pay rent hereunder begins on a day other than on the first day of each Renewal Term (a month, rent from such date until the "First Adjustment Date") by the percentage increase in the Consumer's Price Index for all Urban Consumers specified for All Items, All Cities (1982-1984=100) and issued by the Bureau of Labor Statistics first day of the United States Department following month shall be prorated at the rate of Labor, or any replacement thereof one-thirtieth (1/30) of the "Index")fixed monthly rental for each day payable in advance. The increased annual Base Rent shall be equal lessee will pay, without demand, said rent by check to the annual Base Rent payable for the year preceding the Adjustment Date multiplied by a fractionThomxx X. Xxxxx Xxxagement, the numerator of which is the Index for the second calendar month immediately preceding the Adjustment Date and the denominator is the Index for the second calendar month one year preceding. In no event shall the Base Rent be decreased. Notwithstanding the foregoingInc., the increase in Base Rent for any one Renewal Term shall not be greater than five percent (5%)4545 00xx Xxxxxx, X.X. #000, Xxxx. 4.3 All rent shall be paid , X.X. 00000, xx to Landlord at the address set forth herein such other party or at to such other address as Landlord lessor may designate in writingfrom time to time by written notice to lessee, without any prior demand therefore and without deduction, set-off or counterclaim. If lessor shall at any deduction time or offset whatsoever. 4.4 In times accept said rent after it shall become due and payable, such acceptance shall not excuse delay upon subsequent occasions, or constitute, or be construed as, a waiver of any or all of the event that Tenant shall fail lessor's rights hereunder. Lessor acknowledges receipt form lessee of transfer of security deposits of $1,050, under lease dated 1/30/98 & $2,240, under lease dated 1/14/97 to pay be held as collateral security for the payment of any amount rentals and other sums of money payable by lessee under this Lease when lease, and for the same faithful performance of all other covenants and agreements of lessee hereunder. The amount of said deposit shall be duerepaid to lessee after the termination of this lease and any renewal thereof, provided lessee shall have made all payments and performed all covenants and agreements. Upon any default by lessee hereunder, all or part of said deposit may, at lessor's sole option, be applied on account of such amount shall be subject to a one-time late charge of five cents (.05(cent)) for each One Dollar ($1.00) not paid when due default, and thereafter lessee shall be subject to a service charge until such amount is paid at promptly restore the lesser of the rate of two percent (2%) per month or the highest rate permitted by lawresulting deficiency in said deposit.

Base Rental. 4.1 Tenant shall pay to Landlord annual rent during the Initial Term of this Lease in the amount of Thirty-Five Thousand One Hundred and Sixty Dollars and 00/100 Dollars ($35,160) ("Base Rent"), which shall be paid in equal consecutive monthly installments of One Thousand Four Hundred and Sixty-Five Dollars and 00/100 Dollars ($1,465.00) and a prorated portion for any partial calendar month. Installments of rent shall be paid on the first day of each calendar month in advance. 4.2 In the event that Tenant exercises its right to a Renewal Term, the Base Rent payable during the Renewal Term (and the Base Building Expense figure), as specified in Section 4.1 for Base Rent and Section 5.1 for Base Building Expense, shall be adjusted as of the first day of each Renewal Term (the "First Adjustment Date") by the percentage increase in the Consumer's Price Index for all Urban Consumers specified for All Items, All Cities (1982-1984=100) and issued by the Bureau of Labor Statistics of the United States Department of Labor, or any replacement thereof (the "Index"). The increased annual Base Rent shall be equal to the annual Base Rent payable for the year preceding the Adjustment Date multiplied by a fraction, the numerator of which is the Index for the second calendar month immediately preceding the Adjustment Date and the denominator is the Index for the second calendar month one year preceding. In no event shall the Base Rent be decreased. Notwithstanding the foregoing, the increase in Base Rent for any one Renewal Term shall not be greater than five percent (5%). 4.3 All rent shall be paid to Landlord at the address set forth herein or at such other address as Landlord may designate in writing, without any prior demand therefore and without any deduction or offset whatsoever. 4.4 In the event that Tenant shall fail to pay any amount under this Lease when the same shall be due, such amount shall be subject to a one-time late charge of five cents (.05(cent).050) for each One Dollar ($1.00) not paid when due and thereafter shall be subject to a service charge until such amount is paid at the lesser of the rate of two percent (2%) per month or the highest rate permitted by law.

Base Rental. 4.1 (a) The Tenant shall pay to the Landlord as Base Rent, in legal tender, at the Landlord's office at c/o John X. Xxxxxxxxx & Xo., 3401 Xxxx Xxx Xxxxxxxx, Xxxxxxxxx, Xxxxxxxxx 00000 xx as directed from time to time by Landlord's notice, the annual rent during the Initial Term sum of this Lease in the amount of Thirty-Five Thousand One Hundred and Sixty Dollars and 00/100 Dollars SEE RIDER TO LEASE ATTACHED HERETO AND MADE A PART HEREOF DOLLARS ($35,160__________) ("Base Rent"), which shall be paid payable in equal consecutive monthly installments payments of One Thousand Four Hundred and Sixty-Five Dollars and 00/100 Dollars SEE RIDER TO LEASE ATTACHED HERETO AND MADE A PART HEREOF DOLLARS ($1,465.00__________) and a prorated portion for any partial calendar month. Installments of rent shall be paid each, in advance promptly on the first day of each every calendar month of the term, except for the first six (6) month's base rent which is waived, and pro-rata, in advance. 4.2 In the event that Tenant exercises its right to a Renewal Term, for any partial month, without demand, the Base Rent payable during same being hereby waived and without any set-off or deduction whatsoever. Interest at the Renewal Term (and the Base Building Expense figure), as specified in Section 4.1 for Base Rent and Section 5.1 for Base Building Expense, shall per annum rate of 12% will be adjusted as of charged retroactive to the first day of each Renewal Term (the "First Adjustment Date") month for rents not paid by the percentage tenth (10th) of the calendar month. (b) It is understood that the Base Rent specified in Paragraph (a) does not anticipate any increase in the Consumer's Price Index for all Urban Consumers specified for All Itemsamount of taxes on the Property or in the cost of operation and maintenance thereof. Therefore, All Cities (1982-1984=100) and issued by in order that the Bureau of Labor Statistics rental payable throughout the term of the United States Department of Laborlease shall reflect any such increase, or any replacement thereof (the "Index")parties agree as hereinafter in this Section set forth. The increased annual Base Rent shall be equal to the annual Base Rent payable for pursuant to Paragraph (a) as increased pursuant to Paragraph (b) and (c) of this Section is hereinafter called the year preceding the Adjustment Date multiplied by a fraction, the numerator of which is the Index for the second calendar month immediately preceding the Adjustment Date and the denominator is the Index for the second calendar month one year preceding. In no event shall the Base Rent be decreased. Notwithstanding the foregoing, the increase in Base Rent for any one Renewal Term shall not be greater than five percent (5%)"Rent. 4.3 All rent shall be paid to Landlord at the address set forth herein or at such other address " Certain terms are defined as Landlord may designate in writing, without any prior demand therefore and without any deduction or offset whatsoever. 4.4 In the event that Tenant shall fail to pay any amount under this Lease when the same shall be due, such amount shall be subject to a one-time late charge of five cents (.05(cent)) for each One Dollar ($1.00) not paid when due and thereafter shall be subject to a service charge until such amount is paid at the lesser of the rate of two percent (2%) per month or the highest rate permitted by law.follows:

Base Rental. 4.1 Throughout the Term of this Lease, and until adjusted as ----------- provided below, Tenant shall pay base rental to Landlord annual rent during as follows (the Initial Term of this Lease in the amount of Thirty-Five Thousand One Hundred and Sixty Dollars and 00/100 Dollars ($35,160) ("Base RentRental"), which ): [Base Rental chart appears on next page] Rental Annual Base Annual Base Monthly Base Period Rental/RSF Rental Rental ------ --------- ------ ------ Lease Year 1 $23.00 $ 94,691.04 $7,890.92 Lease Year 2 $23.58 $ 97,078.92 $8,089.91 Lease Year 3 $24.17 $ 99,507.96 $8,292.33 Lease Year 4 $24.77 $101,978.16 $8,498.18 Lease Year 5 $25.39 $104,530.68 $8,710.89 Each monthly installment shall be paid in equal consecutive monthly installments of One Thousand Four Hundred due and Sixty-Five Dollars and 00/100 Dollars ($1,465.00) and a prorated portion for any partial calendar month. Installments of rent shall be paid payable promptly on the first day of each calendar month month, in advance. 4.2 advance and without offset, deduction or prior demand, during the Term of this Lease. In the event that Tenant exercises its right to the Term of this Lease shall commence on a Renewal Term, the Base Rent payable during the Renewal Term (and the Base Building Expense figure), as specified in Section 4.1 for Base Rent and Section 5.1 for Base Building Expense, shall be adjusted as of date other than the first day of each Renewal Term the month, rent for such month shall be prorated and such prorated amount (the "First Adjustment Date") by the percentage increase in the Consumer's Price Index for all Urban Consumers specified for All Items, All Cities (1982-1984=100) and issued by the Bureau of Labor Statistics of the United States Department of Labor, or any replacement thereof (the "Index"). The increased annual Base Rent which shall be equal to the annual monthly Base Rent payable for the year preceding the Adjustment Date Rental stated above multiplied by a fraction, the numerator of which is shall be the Index for number of days from the second calendar month immediately preceding Commencement Date through the Adjustment Date end of such month, inclusive of both days, and the denominator is of which shall be the Index for number of days in such month) shall be due and payable on the second calendar month one year precedingCommencement Date. All payments of rent or any other sum due under this Lease shall be made payable to "Acquiport Northside Drive, Inc." and shall be forwarded by Tenant to Landlord as follows: Acquiport Northside Drive, Inc., X.X. Xxx 00000, Xxx Xxxx, XX 00000-0000. In no the event Tenant shall fail to pay a monthly installment within five (5) Business Days, as defined below, of the Base Rent be decreased. Notwithstanding the foregoingdue date, the increase in Base Rent for any one Renewal Term shall not be greater than a late charge of five percent (5%). 4.3 All rent ) of the monthly Base Rental, with a minimum of fifty ($50.00) per month, shall be added to the Base Rental and paid to Landlord at the address set forth herein or at for each such other address as Landlord may designate in writing, without any prior demand therefore late payment and without any deduction or offset whatsoever. 4.4 In the event that Tenant shall fail to pay any amount under this Lease when the same shall be duetreated as additional rent. Should Tenant present a check to Landlord that is returned from Tenant's bank for any reason, such amount shall Landlord reserves the right to demand that all future rental payments be subject made in the form of cashiers' checks or certified funds. Tenant agrees to pay Landlord interest at a one-time late charge rate of five cents twelve percent (.05(cent)12%) for each One Dollar per annum ($1.00or the maximum rate permitted by applicable law, whichever is less) on all Base Rental, additional rental or other sums due hereunder that are not paid when such amounts are due and thereafter shall be subject to a service charge until such amount is paid at the lesser of the rate of two percent (2%) per month or the highest rate permitted by lawpayable.

Base Rental. 4.1 Tenant shall The annual rent to be paid for said premises during said term, which lessee hereby agrees to pay to Landlord annual rent during lessor in advance, and lessor hereby agrees to accept, shall be the Initial Term sum of this Lease in the amount of Thirty-Five Fifty One Thousand Eight Hundred Eighty One Hundred and Sixty Dollars and 00/100 Dollars & 25/100 ($35,16051,881.25) ("Base Rent"), which shall be paid payable in equal consecutive monthly installments of One Thousand Four Hundred and Sixty-Five Dollars and 00/100 Dollars ($1,465.00) and a prorated portion for any partial calendar month. Installments of rent shall be paid on the first day of each calendar month in advance. 4.2 In the event that Tenant exercises its right to a Renewal Term, the Base Rent payable during the Renewal Term (and the Base Building Expense figure), as specified in Section 4.1 for Base Rent and Section 5.1 for Base Building Expense, term of this lease. Such rental shall be adjusted base rental and subject to escalation as hereinafter provided. The annual base rent to be paid for said demised premises during the term hereof, and any additional rent shall be paid without demand, diminution, deduction, or set-off, or prior demand, in monthly installments during the term of this lease, all as together with additional rent hereinafter provided. If the obligation of the lessee to pay rent hereunder begins on a day other than on the first day of each Renewal Term (a month, rent from such date until the "First Adjustment Date") by the percentage increase in the Consumer's Price Index for all Urban Consumers specified for All Items, All Cities (1982-1984=100) and issued by the Bureau of Labor Statistics first day of the United States Department following month shall be prorated at the rate of Labor, or any replacement thereof one-thirtieth (1/30) of the "Index")fixed monthly rental for each day payable in advance. The increased annual Base Rent shall be equal lessee will pay, without demand, said rent by check to the annual Base Rent payable for the year preceding the Adjustment Date multiplied by a fractionThomxx X. Xxxxx Xxxagement, the numerator of which is the Index for the second calendar month immediately preceding the Adjustment Date and the denominator is the Index for the second calendar month one year preceding. In no event shall the Base Rent be decreased. Notwithstanding the foregoingInc., the increase in Base Rent for any one Renewal Term shall not be greater than five percent (5%)4545 00xx Xxxxxx, X.X. #000, Xxxx. 4.3 All rent shall be paid , X.X. 00000, xx to Landlord at the address set forth herein such other party or at to such other address as Landlord lessor may designate in writingfrom time to time by written notice to lessee, without any prior demand therefore and without deduction, set-off or counterclaim. If lessor shall at any deduction time or offset whatsoever. 4.4 In times accept said rent after it shall become due and payable, such acceptance shall not excuse delay upon subsequent occasions, or constitute, or be construed as, a waiver of any or all of the event that Tenant shall fail lessor's rights hereunder. Lessor acknowledges receipt from lessee of transfer of security deposits of $1,050, under lease dated 1/30/98 & $2,240, under lease dated 1/14/97, to pay be held as collateral security for the payment of any amount rentals and other sums of money payable by lessee under this Lease when lease, and for the same faithful performance of all other covenants and agreements of lessee hereunder. The amount of said deposit shall be duerepaid to lessee after the termination of this lease and any renewal thereof, provided lessee shall have made all payments and performed all covenants and agreements. Upon any default by lessee hereunder, all or part of said deposit may, at lessor's sole option, be applied on account of such amount shall be subject to a one-time late charge of five cents (.05(cent)) for each One Dollar ($1.00) not paid when due default, and thereafter lessee shall be subject to a service charge until such amount is paid at promptly restore the lesser of the rate of two percent (2%) per month or the highest rate permitted by lawresulting deficiency in said deposit.

Base Rental. 4.1 (a) Tenant shall pay to Landlord as annual rent rental during the Initial Term term of this Lease the Base Rental, payable in lawful money of the amount of Thirty-Five Thousand One Hundred and Sixty Dollars and 00/100 Dollars ($35,160) ("Base Rent")United States, which shall be paid in advance, in monthly equal consecutive monthly installments of One Thousand Four Hundred and Sixty-Five Dollars and 00/100 Dollars ($1,465.00) and a prorated portion for any partial calendar month. Installments of rent shall be paid on or before the first day of each month during the Lease Term. The Base Rental is subject to increase as provided hereinbelow. If this Lease commences on a day other than the first day of the calendar month in advance.or ends on a day other than the last day of a calendar month, the monthly installment of Base Rental for the fractional month shall be appropriately prorated on a daily basis for such month. Tenant has paid Landlord $6,227.81 (six thousand two hundred twenty-seven ------------------------------------------------ dollars and eighty-one cents) upon Tenant's execution of this Lease, ---------------------------- representing the monthly installment of Base Rental for the month of September, 1997. --------------- 4.2 In (b) On January 1/st/ of each year beginning with the event that Tenant exercises its right to a Renewal January 1, 19__ payment of Base Rental, and on each January 1/st/ thereafter during the Lease Term, the Base Rent payable during the Renewal Term (and the Base Building Expense figure), as specified in Section 4.1 for Base Rent and Section 5.1 for Base Building Expense, Rental shall be adjusted as increased by one half (1/2) of the first day of each Renewal Term (the "First Adjustment Date") by the percentage increase in the Consumer's Price Index for all Urban Consumers specified for All Items, All Cities (1982-1984=100) and issued by the Bureau of Labor Statistics of the United States Department of Labor, or any replacement thereof (the "Index"). The increased annual Base Rent shall be amount equal to the annual product of: (i) the amount of Base Rent payable Rental set forth in Paragraph 2(c) of this Lease, as increased from time to time by all earlier adjustments established under this subparagraph (b), multiplied by (ii) the difference (expressed as a percentage) between the Consumer Price Index (as hereinafter defined) published for the month of October of the calendar year just ended and the Consumer Price Index published for the month of October of the calendar year preceding the Adjustment Date multiplied by a fraction, the numerator of which is the Index for the second calendar month immediately preceding the Adjustment Date and the denominator is the Index for the second calendar month one year precedingjust ended. In no event shall the Base Rent be decreased. Notwithstanding Rental computed according to the foregoing, the increase in Base Rent provisions of this subparagraph (b) for any one Renewal Term shall not calendar year be greater less than five percent (5%). 4.3 All rent the Base Rental for the preceding calendar year. Such increase shall be paid to Landlord at prorated over the address set forth herein or at such other address as Landlord may designate in writing, without any prior demand therefore and without any deduction or offset whatsoeverfirst year. 4.4 In the event that Tenant shall fail to pay any amount under this Lease when the same shall be due, such amount shall be subject to a one-time late charge of five cents (.05(cent)) for each One Dollar ($1.00) not paid when due and thereafter shall be subject to a service charge until such amount is paid at the lesser of the rate of two percent (2%) per month or the highest rate permitted by law.