Common use of DEPARTMENT OF PUBLIC LANDS Clause in Contracts

DEPARTMENT OF PUBLIC LANDS. X.X. Xxx 000000, Xxxxxx, XX 00000 The Lessee, in consideration of the foregoing, shall pay to the DPL, in the manner prescribed herein, in lawful money of the United States, Base Rent and Additional Rent for the Premises as follows: BASE RENT - Shall be 5.0% of the fee simple value of the Premises per year payable in advance. ADDITIONAL RENT – Shall be based on the following scale: Business Gross Receipt Payment Schedule Annual BGR Amounts Minimum Tier From To % of BGR Per Tier 1 $ 0 $ 50,000.49 3.00% 2 50,000.50 100,000.49 2.89% $ 1,500 3 100,000.50 200,000.49 2.78% 2,889 4 200,000.50 400,000.49 2.67% 5,556 5 400,000.50 800,000.49 2.56% 10,667 6 800,000.50 1,600,000.49 2.44% 20,445 7 1,600,000.50 3,200,000.49 2.33% 39,112 8 3,200,000.50 6,400,000.49 2.22% 74,669 9 6,400,000.50 $12,800,000.49 2.11% 142,227 10 $12,800,000.50 and Over 2.00% $270,234 A. Base Rent. Lessee shall pay Base Rent as set forth above in advance on an annual basis on each anniversary of the Commencement Date without invoice, notice, or other demand upon or to Lessee.

DEPARTMENT OF PUBLIC LANDS. X.X. Xxx 000000P.O. Box 500380, XxxxxxSaipan, XX 00000 MP 96950 The Lessee, in consideration of the foregoing, shall pay to the DPL, in the manner prescribed herein, in lawful money of the United States, Base Rent and Additional Rent for the Premises as follows: BASE RENT - Shall be 5.0% of the fee simple value of the Premises per year payable in advance. ADDITIONAL RENT – Shall be based on the following scale: Business Gross Receipt Payment Schedule Annual BGR Amounts Minimum Tier From To % of BGR Per Tier 1 $ 0 $ 50,000.49 3.00% 2 50,000.50 100,000.49 2.89% $ 1,500 3 100,000.50 200,000.49 2.78% 2,889 4 200,000.50 400,000.49 2.67% 5,556 5 400,000.50 800,000.49 2.56% 10,667 6 800,000.50 1,600,000.49 2.44% 20,445 7 1,600,000.50 3,200,000.49 2.33% 39,112 8 3,200,000.50 6,400,000.49 2.22% 74,669 9 6,400,000.50 $12,800,000.49 2.11% 142,227 10 $12,800,000.50 and Over 2.00% $270,234 A. Base Rent. Lessee shall pay Base Rent as set forth above in advance on an annual basis on each anniversary of the Commencement Date without invoice, notice, or other demand upon or to Lessee.