Common use of Option to Extend Clause in Contracts

Option to Extend. Provided Tenant is not in default (beyond any applicable notice and cure period) under this Lease at the time of the exercise of the option granted below and at the time of the commencement of the Extended Term (as defined below), Tenant shall have two (2) successive options to extend the Term of this Lease, each option for an additional five (5) year period (individually an “Extended Term” and collectively the “Extended Terms”), with (i) the first such Extended Term commencing immediately upon the expiration of the original Term hereof and continuing for five (5) years thereafter (the “1st Extended Term”), and (ii) the second such Extended Term commencing immediately upon the expiration of the 1st Extended Term and continuing for five (5) years thereafter (the “2nd Extended Term”). The exercise of the first option shall not imply or require the exercise of the second option. Tenant shall exercise each of the foregoing options by written notice to Landlord given no less than twelve (12) months prior to the commencement of the respective Extended Term. The foregoing options shall terminate if notice is not timely given with respect to each Extended Term, time being of the essence with respect thereto. All references to the “Term” of this Lease shall, unless the context shall clearly indicate a different meaning, be deemed to constitute a reference to the original Term of this Lease and the Extended Terms, as the same may be exercised as permitted hereunder.

Option to Extend. (a) Provided Tenant that there is not no uncured Event of Default (as defined in default (beyond any applicable notice and cure periodParagraph 22) by Lessee under this Lease at the time of the exercise of the option granted below and exercise, or at the time of the commencement of the Extended Term (as defined below)Option Period commences, Tenant Lessee shall have two (2) successive options the option to extend the Term of this Lease, each option Lease for an one (1) additional five (5) year period (individually an “Extended Term” and collectively the “Extended Terms”), with (i) the first such Extended Term commencing immediately upon the expiration of the original Term hereof and continuing for five (5) years thereafter (“Option Period”) on the same terms and conditions set forth in this Lease, except that (i) the Monthly Base Rent for the Option Period shall be determined as provided in Paragraph 3(b) below, (ii) Lessor shall have no obligation to provide Lessee with an allowance for, or otherwise construct any, improvements to the Property, and (iii) Lessor shall not be required to pay any leasing commissions to any brokers in connection with the Option Period. Lessee shall exercise its option by giving Lessor written notice (the “1st Extended TermOption Notice”)) at least twelve (12) months, and but not more than fifteen (ii15) the second such Extended Term commencing immediately upon months, prior to the expiration of the 1st Extended Term and continuing for five (5) years thereafter (the “2nd Extended Term”). The exercise of the first option shall not imply or require the exercise of the second option. Tenant shall exercise each of the foregoing options by written notice to Landlord given no less than twelve (12) months prior to the commencement of the respective Extended Term. The foregoing options shall terminate if notice is not timely given with respect to each Extended Term, time being of the essence with respect thereto. All references to the “Term” of this Lease shall, unless the context shall clearly indicate a different meaning, be deemed to constitute a reference to the original initial Term of this Lease Lease. The option to extend is personal to SiTime Corporation and the Extended Terms, may not be transferred or assigned to any third party other than a Permitted Transferee (as the same may be exercised as permitted hereunderdefined in Paragraph 17(g) below).

Option to Extend. Provided that Tenant is not in default when it exercises the option or on commencement of the Option Term and provided further that Tenant's financial condition has not materially diminished from the date of execution of this Amendment, Tenant shall have one option to extend the Lease Term for a period of 60 months (beyond the "Option Term"), upon the same terms and conditions as are set forth in the Lease, as amended by this Amendment, except the Base Rent shall be adjusted as described in Section 1A of the Lease (Extension Rent), and Landlord shall have no obligation to provide any applicable tenant improvements or allowances therefor. The option shall be exercised, if at all, by written notice and cure periodto Landlord at least 9 months prior to the expiration of the then existing Term. Exercise of the option shall be conditioned upon (a) under the Premises continuing to be used as set forth in the Lease, as amended by this Lease Amendment, (b) none of the space in the Premises being subleased at the time of the exercise of the option granted below and at the time of the or commencement of the Extended Term (as defined below), Tenant shall have two (2) successive options to extend the Term of this Lease, each option for an additional five (5) year period (individually an “Extended Option Term” and collectively the “Extended Terms”), with (i) the first such Extended Term commencing immediately upon the expiration of the original Term hereof and continuing for five (5) years thereafter (the “1st Extended Term”), and (iic) the second such Extended Term commencing immediately upon the expiration of the 1st Extended Term and continuing for five (5) years thereafter (the “2nd Extended Term”)Lease not having been assigned by Tenant to any other person or entity. The exercise of the first option shall not imply or require extend the exercise of Lease for the second option. Tenant shall exercise each of the foregoing options by written notice to Landlord given no less than twelve (12) months prior to the commencement of the respective Extended Term. The foregoing options shall terminate if notice is not timely given with respect to each Extended Term, time being of the essence with respect thereto. All references to the “Term” of this Lease shall, unless the context shall clearly indicate a different meaning, be deemed to constitute a reference to the original Term of this Lease and the Extended Terms, as the same may be exercised as permitted hereunderentire Premises.

Option to Extend. Provided Landlord hereby grants Tenant is not in default (beyond any applicable notice and cure period) under this Lease at the time of the exercise of the option granted below and at the time of the commencement of the Extended Term (as defined below), Tenant shall have two (2) successive options right to extend the Term of this Lease, each option for an additional five (5) year period (individually an “Extended Term” and collectively the “Extended Terms”), with (i) the first such Extended Term commencing immediately upon the expiration term of the original Term hereof and continuing Lease for one (1) period of five (5) years thereafter (such extended period is hereinafter referred to as the “1st Extended Term”)) on the same terms and conditions contained in the Lease, except that (i) Base Rent for the Extended Term shall be as set forth hereinbelow, and (ii) the second such Extended Term commencing immediately upon no additional options to extend shall apply following the expiration of the 1st Extended Term. Written notice of Tenant’s exercise of its option to extend (“Option to Extend”) the Term of this Lease for the Extended Term and continuing for five (5) years thereafter (the “2nd Extended Term”). The exercise of the first option shall not imply or require the exercise of the second option. Tenant shall exercise each of the foregoing options by written notice must be given to Landlord given no less than twelve (12) months prior to the commencement of Expiration Date. If Tenant is in default under this Lease and all applicable notice and cure periods have run, then Tenant shall have no right to extend the respective Extended Term. The foregoing options shall terminate if notice is not timely given with respect to each Extended Term, time being of the essence with respect thereto. All references to the “Term” Term of this Lease shallLease; provided, unless however that the context period of time within which said option may be exercised shall clearly indicate a different meaning, not be deemed extended or enlarged by reason of Tenant’s inability to constitute a reference exercise said option because of such default. In the event Tenant validly exercises its Option to Extend the original Term of this Lease and as herein provided, Base Rent shall be adjusted as of the commencement date of the Extended Terms, Term as the same may be exercised as permitted hereunder.follows:

Option to Extend. (a) Provided Tenant Lessee is not in default (of its obligations under this Lease beyond any applicable notice and cure period) under this Lease period at the time of the exercise of the option granted below and at the time of or on the commencement date of the Extended Term (as defined belowhereinafter defined), Tenant Lessee shall have two one (21) successive options option to extend the Term of this Lease, each option for an additional five Lease (5) year period (individually an “Extended Term” and collectively the “Extended TermsOption to Extend”), with (i) the first such Extended Term commencing immediately upon the expiration for a period of the original Term hereof and continuing for five (5) years thereafter (the “1st Extended Term”)) on the same terms and conditions as set forth in this Lease except that (i) the Monthly Base Rent for the Extended Term shall be adjusted to the Extended Term Rate, as defined in Paragraph 3(c) below, and (iiiii) Lessee shall accept the second such Extended Term commencing immediately upon the expiration of the 1st Extended Term Premises in their then “as is” condition and continuing for five Paragraph 13, subject to and without limiting, Lessor’s maintenance, repair and other obligations under this Lease; it being understood that Tenant Improvements (5) years thereafter (the “2nd Extended Term”as defined below). The exercise of the first option , shall not imply or require the exercise of the second option. Tenant shall exercise each of the foregoing options by written notice to Landlord given no less than twelve (12) months prior apply to the commencement of the respective Extended Term. The foregoing options This Option to Extend is granted for the personal benefit of Mousera and its Permitted Transferee(s) only, and shall terminate if notice is be exercisable only by Mousera or a Permitted Transferee (as defined in Paragraph 17(f) below). This option to extend may not timely given with respect be assigned or transferred to each Extended Termany assignee or sublessee, time being other than a Permitted Transferee, without the prior written consent of the essence with respect thereto. All references to the “Term” of this Lease shall, unless the context shall clearly indicate a different meaning, be deemed to constitute a reference to the original Term of this Lease and the Extended Terms, as the same may be exercised as permitted hereunderLessor.

Option to Extend. Provided that (i) Tenant is not in default (beyond hereunder, after any applicable notice and cure period) under this Lease periods have expired, at the time of the exercise of the option granted below and Tenant gives its Extension Notice or at the time the applicable Option Term would commence, or (ii) no sublets of more than 50% of the commencement of the Extended Term (as defined below)Premises are then in effect that required Landlord’s consent under Article 13, Tenant shall have the right, at its election, to extend the original term of this Lease for two (2) successive options to extend the Term additional periods of this Lease, each option for an additional five (5) year period years each (individually each, an “Extended Option Term” and collectively the “Extended Terms”), with (i) the first such Extended Term commencing immediately upon the expiration of the original Term hereof and continuing for five term or first Option Term, as applicable, provided that Tenant shall give Landlord an irrevocable (5except as expressly set forth in Section 22.04) years thereafter written notice (an “Extension Notice”) in the “1st Extended Term”), and (ii) the second such Extended Term commencing immediately upon the expiration manner provided in Section 18.01 of the 1st Extended Term and continuing for five (5) years thereafter (the “2nd Extended Term”). The exercise of the first option shall not imply or require the exercise of the second option. Tenant shall exercise each of the foregoing options by written notice its election to Landlord given no less than so extend at least twelve (12) months, and no more than fifteen (15) months prior to the commencement expiration of the respective Extended Term. The foregoing options shall terminate if notice is not timely given with respect to each Extended Term, time being of the essence with respect thereto. All references to the “Term” of this Lease shall, unless the context shall clearly indicate a different meaning, be deemed to constitute a reference to the original Term of this Lease and the Extended Terms, term (as the same may have been extended) of this Lease. Except for this Article 22 with respect to the second such Option Term, the provisions of the Work Letter, and as expressly otherwise provided in this Lease, all the agreements and conditions in this Lease contained shall apply to the applicable Option Term, including without limitation the obligation to pay Additional Rent for Tenant’s Pro Rata Share of Taxes and Tenant’s Pro Rata Share of Operating Expenses. If Tenant shall give written notice as provided in Section 18.01 of the exercise of the election in the manner and within the time provided aforesaid, the term shall be exercised as permitted hereunderextended upon the giving of the notice without the requirement of any action on the part of Landlord.

Option to Extend. Provided Tenant is not in default (beyond any applicable notice and cure period) under Subject to the provisions of this Lease at and provided that on the time date of the exercise of the option granted below by Tenant and at on the time scheduled date of the commencement of the Extended Term (as defined below), ): (i) Tenant shall have two (2) successive options to extend not then be in default under the Term terms of this Lease, each option for an additional five ; (5) year period (individually an “Extended Term” and collectively the “Extended Terms”), with (iii) the first such Extended Term commencing immediately upon the expiration original Tenant shall be in direct occupancy of the original Term hereof Premises; and continuing (iii) this Lease shall be in full force and effect; then, the term of this Lease may be extended by Tenant for up to one (1) additional period of five (5) years thereafter (the “1st Extended Term”), upon the same terms and conditions as contained in this Lease upon compliance with the notice provisions set forth herein. Tenant shall exercise its option, if at all, only with respect to the immediately succeeding Extended Term, by delivering written notice of its election thereof to Landlord, sent certified mail, return receipt requested (ii) the second such Extended Term commencing immediately upon “Option Notice”), not more than 360 days nor less than 180 days prior to the expiration of the 1st Extended Term and continuing for five (5) years thereafter (the “2nd Extended Term”). The exercise of the first option shall not imply or require the exercise of the second option. Tenant shall exercise each of the foregoing options by written notice to Landlord given no less than twelve (12) months prior to the commencement of the respective Extended then-effective Term. The foregoing options shall terminate if notice is not timely given with respect option to each Extended Term, time being of extend the essence with respect thereto. All references to the “Term” term of this Lease shall, unless the context shall clearly indicate a different meaning, be deemed to constitute a reference to is only exercisable by the original Term of named Tenant or to an assignee or transferee permitted outright pursuant to this Lease and the Extended Terms, as the same may be exercised as permitted hereunderwithout Landlord’s consent.

Option to Extend. Provided that Tenant is not in default (beyond any applicable notice and cure period) under this Lease at the time of the Tenant’s exercise of the option granted below and notice described below, or at the time of the commencement of the Extended Term (as defined below), Tenant shall have two the right to extend the term of this Lease for one (21) successive options period of five (5) years (the “Extended Term”). Tenant may exercise its extension option by delivering to Landlord written notice of Tenant’s intention to exercise such option (the “Option Notice”) not earlier than twelve (12) months and not later than nine (9) months prior to the Expiration Date of the Initial Term. Such Extended Term shall be on all of the terms and conditions contained in this Lease, except (i) Minimum Monthly Rent shall be adjusted as set forth below; and (ii) there shall be no free rent periods, tenant improvement or design allowances or further extension options. The option to extend the Term of this Lease, each option for an additional five (5) year period (individually an “Extended Term” and collectively the “Extended Terms”), with (i) the first such Extended Term commencing immediately upon the expiration of Lease is exercisable only by the original Term hereof Tenant which is named in the Basic Lease Provisions and continuing for five (5) years thereafter (the “1st Extended Term”)an assignee or sublessee pursuant to a Permitted Transfer, and (ii) the second such Extended Term commencing immediately upon the expiration of the 1st Extended Term and continuing for five (5) years thereafter (the “2nd Extended Term”). The exercise of the first option shall not imply or require the exercise of the second option. Tenant shall exercise each of the foregoing options by written notice to Landlord given no less than twelve (12) months prior to the commencement of the respective Extended Term. The foregoing options shall terminate if notice is not timely given with respect to each Extended Termassignable or transferable. Once delivered, time being of the essence with respect thereto. All references to the “Term” of this Lease shall, unless the context shall clearly indicate a different meaning, Option Notice cannot be deemed to constitute a reference to the original Term of this Lease and the Extended Terms, as the same may be exercised as permitted hereundercancelled or revoked.

Option to Extend. Provided that (i) Tenant is not in default (beyond hereunder, after any applicable notice and cure period) under this Lease periods have expired, at the time of the exercise of the option granted below and Tenant gives its Extension Notice or at the time the applicable Option Term would commence, or (ii) no sublets of more than 50% of the commencement of the Extended Term (as defined below)Premises are then in effect that required Landlord’s consent under Article 13, Tenant shall have the right, at its election, to extend the original term of this Lease for two (2) successive options to extend the Term additional periods of this Lease, each option for an additional five (5) year period years each (individually each, an “Extended Option Term” and collectively the “Extended Terms”), with (i) the first such Extended Term commencing immediately upon the expiration of the original Term hereof and continuing for five term or first Option Term, as applicable, provided that Tenant shall give Landlord an irrevocable (5except as expressly set forth in Section 22.04) years thereafter written notice (an “Extension Notice”) in the “1st Extended Term”), and (ii) the second such Extended Term commencing immediately upon the expiration manner provided in Section 18.01 of the 1st Extended Term and continuing for five (5) years thereafter (the “2nd Extended Term”). The exercise of the first option shall not imply or require the exercise of the second option. Tenant shall exercise each of the foregoing options by written notice its election to Landlord given no less than so extend at least twelve (12) months, and no more than fifteen (15) months prior to the commencement expiration of the respective Extended Term. The foregoing options shall terminate if notice is not timely given with respect to each Extended Term, time being of the essence with respect thereto. All references to the “Term” of this Lease shall, unless the context shall clearly indicate a different meaning, be deemed to constitute a reference to the original Term of this Lease and the Extended Terms, term (as the same may have been extended) of this Lease. Except for this Article 22 with respect to the second such Option Term, the provisions of the Work Letter, and as expressly otherwise provided in this Lease, all the agreements and conditions in this Lease contained shall apply to the applicable Option Term, including without limitation the obligation to pay Additional Rent for Tenant’s Pro Rata Share of Taxes and Xxxxxx’s Pro Rata Share of Operating Expenses. If Tenant shall give written notice as provided in Section 18.01 of the exercise of the election in the manner and within the time provided aforesaid, the term shall be exercised as permitted hereunderextended upon the giving of the notice without the requirement of any action on the part of Landlord.

Option to Extend. Provided Tenant (a) Lessor hereby grants to Lessee one (1) option to extend the term of this Lease for one period of sixty (60) calendar months immediately following the expiration of the initial term. Lessee may exercise the foregoing option to extend by giving written notice of exercise to Lessor at least nine (9) months, but not more than twelve (12) months, prior to the expiration of the initial term of this Lease, time being of the essence; provided that if Lessee is not currently in a state of uncured default (beyond any after the expiration of applicable notice and cure periodperiods, if applicable (referred to herein as “in default”) under this Lease at the time of the exercise of the option granted below and or at the time commencement date of the commencement option extension period, such notice shall be void and of no force or effect. Such option extension period, if exercised, shall be upon the Extended Term (same terms and conditions as defined below), Tenant shall have two (2) successive options to extend the Term initial term of this Lease, each option for an additional five (including the payment by Lessee of the Operating Expenses pursuant to Paragraph 5) year period (individually an “Extended Term” and collectively the “Extended Terms”), with except that (i) the first such Extended Term commencing immediately upon Monthly Base Rent during the expiration of the original Term hereof and continuing for five option period shall be determined as set forth in Paragraph 3(c) hereof, (5ii) years thereafter (the “1st Extended Term”)there shall be no additional option to extend, and (iiiii) Lessee shall accept the second such Extended Term commencing immediately upon Premises in their then “as is” condition and Paragraph 13, Tenant Improvement Work, shall not apply to the expiration of option period. If Lessee does not exercise the 1st Extended Term and continuing for five (5) years thereafter (option in a timely manner the “2nd Extended Term”). The exercise of the first option shall not imply or require the exercise of the second option. Tenant shall exercise each of the foregoing options by written notice to Landlord given no less than twelve (12) months prior to the commencement of the respective Extended Term. The foregoing options shall terminate if notice is not timely given with respect to each Extended Termlapse, time being of the essence with respect thereto. All references to the “Term” of this Lease shall, unless the context shall clearly indicate a different meaning, be deemed to constitute a reference to the original Term of this Lease and the Extended Terms, as the same may be exercised as permitted hereunderessence.

Option to Extend. Provided Landlord hereby grants Tenant is not in default (beyond any applicable notice and cure period) under this Lease at the time right to extend the term of the exercise Lease for an additional period of three (3) years (such extended period is hereinafter referred to as the option granted below "Extended Term") on the same terms and at conditions contained in the time of the commencement of Lease, except that (i) Base Rent for the Extended Term (shall be as defined below), Tenant shall have two (2) successive options to extend the Term of this Lease, each option for an additional five (5) year period (individually an “Extended Term” and collectively the “Extended Terms”), with (i) the first such Extended Term commencing immediately upon the expiration of the original Term hereof and continuing for five (5) years thereafter (the “1st Extended Term”)set forth hereinbelow, and (ii) the second such Extended Term commencing immediately upon no additional options to extend shall apply following the expiration of the 1st Extended Term. Written notice of Tenant's exercise of its option to extend ("Option to Extend") the Term of this Lease for the Extended Term and continuing for five (5) years thereafter (the “2nd Extended Term”). The exercise of the first option shall not imply or require the exercise of the second option. Tenant shall exercise each of the foregoing options by written notice must be given to Landlord given no less than twelve (12) months prior to the commencement date the Term of the respective Extended TermLease would otherwise expire. The foregoing options If Tenant is in material default beyond the applicable cure period under this Lease, Tenant shall terminate if notice is not timely given with respect have no right to each Extended Term, time being of exercise its Option to Extend the essence with respect thereto. All references to the “Term” of this Lease shall, unless the context shall clearly indicate a different meaning, be deemed to constitute a reference to the original Term of this Lease and pursuant to this Section 4.02 until such default is cured; provided, that the Extended Terms, as the same period of time within which said option may be exercised shall not be extended or enlarged by reason of Tenant's inability to exercise said option because of a default. In the event Tenant validly exercises its Option to Extend the Term of this Lease as permitted hereunder.herein provided, Base Rent shall be adjusted as of the commencement date of the Extended Term as follows:

Option to Extend. (a) Provided Tenant Lessee is not in default (beyond any applicable notice and cure period) of its obligations under this Lease either at the time of the exercise of the option granted below and at the time of or on the commencement date of the Extended Term (as defined belowhereinafter defined), Tenant Lessee shall have two one (21) successive options option to extend re-lease the Term Premises for a term of this Lease, each option for an additional five three (53) year period years (individually an the “Extended Term” ”) on the same terms and collectively the “Extended Terms”), with conditions as set forth in this Lease except that (i) the first such Base Monthly Rent for the extended term shall be adjusted to the Extended Term commencing immediately upon the expiration of the original Term hereof and continuing for five (5Rate, as defined in Paragraph 3(c) years thereafter (the “1st Extended Term”)below, and (iiiii) Lessee shall accept the second such Extended Term commencing immediately upon the expiration of the 1st Extended Term Premises in their then “as is” condition and continuing for five (5) years thereafter (the “2nd Extended Term”). The exercise of the first option Paragraph 13, Tenant Improvements, shall not imply or require the exercise of the second option. Tenant shall exercise each of the foregoing options by written notice to Landlord given no less than twelve (12) months prior apply to the commencement of the respective Extended Term. The foregoing options This option to extend is granted for the personal benefit of Intersect ENT and its Permitted Transferee(s) only, and shall terminate if notice is be exercisable only by Intersect ENT or a Permitted Transferee (as defined in Paragraph 17(f) below). This option to extend may not timely given with respect be assigned or transferred to each Extended Termany assignee or sublessee, time being other than a Permitted Transferee, without the prior written consent of the essence with respect thereto. All references to the “Term” of this Lease shall, unless the context shall clearly indicate a different meaning, be deemed to constitute a reference to the original Term of this Lease and the Extended Terms, as the same may be exercised as permitted hereunderLessor.

Option to Extend. Provided Landlord hereby grants Tenant is not in default (beyond any applicable notice and cure period) under this Lease at the time of the exercise of the option granted below and at the time of the commencement of the Extended Term (as defined below), Tenant shall have two (2) successive options right to extend the Term term of this Lease, each option the Lease for an additional five (5) year period (individually an “Extended Term” and collectively the “Extended Terms”), with (i) the first such Extended Term commencing immediately upon the expiration of the original Term hereof and continuing for five (5) years thereafter (such extended period is hereinafter referred to as the “1st "Extended Term”)") on the same terms and conditions contained in the Lease, except that (i) Base Rent for the Extended Term shall be as set forth hereinbelow, and (ii) the second such Extended Term commencing immediately upon no additional options to extend shall apply following the expiration of the 1st Extended Term. Except as otherwise provided in Section 2.05(b) and 2.06(b), written notice of Tenant's exercise of its option to extend ("Option to Extend") the Term of this Lease for the Extended Term and continuing for five (5) years thereafter (the “2nd Extended Term”). The exercise of the first option shall not imply or require the exercise of the second option. Tenant shall exercise each of the foregoing options by written notice must be given to Landlord given no less than twelve thirteen (1213) months prior to the commencement date the Term of the respective Extended TermLease would otherwise expire. The foregoing options If Tenant is in material default under this Lease, Tenant shall terminate if notice is not timely given with respect have no right to each Extended Term, time being of exercise its Option to Extend the essence with respect thereto. All references to the “Term” of this Lease shall, unless the context shall clearly indicate a different meaning, be deemed to constitute a reference to the original Term of this Lease and pursuant to this Section 4.03 until such default is cured; provided, that the Extended Terms, as the same period of time within which said option may be exercised shall not be extended or enlarged by reason of Tenant's inability to exercise said option because of a default. In the event Tenant validly exercises its Option to Extend the Term of this Lease as permitted hereunder.herein provided, Base Rent shall be adjusted as of the commencement date of the Extended Term as follows:

Option to Extend. Provided Tenant is not in default hereby granted one (beyond any applicable notice and cure period1) under this Lease at option (the time of the exercise of the option granted below and at the time of the commencement of the Extended Term (as defined below), Tenant shall have two (2“Extension Option”) successive options to extend the Term of this Lease, each option for an additional five (5) year period (individually an “Extended Term” and collectively the “Extended Terms”), with (i) the first such Extended Term commencing immediately upon the expiration of the original Term hereof and continuing Lease for five (5) years thereafter additional years, from October 1, 2029 to September 30, 2034 (the “1st Extended Term”), and (ii) the second such Extended Term commencing immediately upon the expiration with respect to, at Tenant’s sole option, all of the 1st Extended Term and continuing for five (5) years thereafter (the “2nd Extended Term”). The exercise of the first option shall not imply Remaining Premises or require the exercise of the second option. any portion thereof, which Extension Option Tenant shall exercise each by providing Landlord with prior notice thereof on or before September 30, 2028, such notice specifying whether Tenant is extending the Term as to the entire Remaining Premises or as to a portion thereof (and if a portion, specifying such portion). All terms and conditions set forth in the Lease shall be applicable to the Extended Term, provided that the Base Rent for the Extended Term shall be determined using the Prevailing Rental Rate as defined in Article 37 of the foregoing options by written notice Lease. In the event that Tenant elects not to Landlord given extend the term for the entire Remaining Premises, the Lease will terminate and be of no less than twelve (12) months prior to the commencement of the respective Extended Term. The foregoing options shall terminate if notice is not timely given further force and effect on September 30, 2029 with respect to each Extended Term, time being those portions of the essence with respect theretoRemaining Premises not subject to the extension, and Tenant shall surrender those portions of the Remaining Premises not subject to the extension as provided in the Lease. All references in the Lease, including this Sixth Amendment, to the “Term” of this Lease shall, unless the context shall clearly indicate a different meaning, be deemed to constitute a reference to the original Term of this Lease and include the Extended Terms, as the same may be Term if so exercised as permitted hereunderby Tenant.

Option to Extend. Provided Tenant is not in default Lessor hereby grants to Lessee one (beyond any applicable notice and cure period1) under this Lease at the time of the exercise of the option granted below and at the time of the commencement of the Extended Term (as defined below), Tenant shall have two (2) successive options to extend the Term lease term for one (1) period of this Lease, each option for an additional five thirty-six (536) year period (individually an “Extended Term” and collectively the “Extended Terms”), with (i) the first such Extended Term commencing calendar months immediately upon following the expiration of the original Term hereof and continuing for five (5) years thereafter (the “1st Extended Term”), and (ii) the second such Extended Term commencing immediately upon the expiration of the 1st Extended Term and continuing for five (5) years thereafter (the “2nd Extended Term”)initial lease term. The Lessee may exercise of the first option shall not imply or require the exercise of the second option. Tenant shall exercise each of the foregoing options option to extend by giving written notice of exercise to Landlord given no less Lessor at least six (6) months, but not more than twelve (12) months prior to the commencement expiration of the respective Extended Terminitial term; provided that if Lessee is currently in default under this Lease at the time of exercise of the option, such notice shall be void and of no force or effect. The foregoing options option extension period, if exercised, shall terminate if notice be upon the same terms and conditions as the initial term, except that the Monthly Base Rent during the option period shall be determined as set forth in Paragraphs 5(d) and 5(e) below, and there shall be no additional option to extend. The option to extend granted to Lessee by this Paragraph 3 is granted for Lessee's personal benefit only, and shall be exercisable only by Novellus Systems, Inc. Said option may not timely given with respect be assigned or transferred by Novellus Systems, Inc. to each Extended Term, time being of the essence with respect theretoany assignee or sublessee. All references Notwithstanding anything to the “Term” of contrary contained above, Lessee shall be entitled to transfer the option to extend granted by this Lease shall, unless the context shall clearly indicate Paragraph 3 pursuant to a different meaning, be deemed to constitute a reference to the original Term of this Lease and the Extended Terms, permitted transfer without Lessor's prior written consent as the same may be exercised as permitted hereunderset forth in Paragraph 17(i) hereof.