Storage Space Landlord shall, commencing on March 1, 2006, and continuing for the balance of the Term, make available for Tenant’s use and for lease by Tenant up to approximately 3,000 rentable square feet of storage space (“Storage Space”) at the lower level of the Building as determined by Landlord and approved by Tenant. Tenant shall have the right, upon at least thirty (30) days advance notice to Landlord delivered to Landlord no later than November 1, 2005 (“Tenant’s Storage Space Election Notice”), and thereafter subject to availability, to lease such storage space (or any portion thereof). Such storage space shall be in one contiguous block (if available, or otherwise configured in a manner reasonably acceptable to Tenant), secure (i.e., having a lockable entrance), sprinkled and lighted in accordance with all Laws and located in a portion of the lower level of the Building designated by Landlord with reasonable access to and from the Building freight elevators and loading docks. Tenant acknowledges that any such space shall be created in the parking garage of the Building, and Tenant agrees that it shall be responsible for payment of all costs incurred by Landlord in creating such storage space. Tenant shall use such storage space for purposes of storing files, records, furniture, equipment, supplies, attic stock and materials of the type customarily used by office building tenants, and for no other purposes. Tenant shall pay Rent for such storage space at the gross rental rate (i.e., there shall be no Operating Cost Share Rent or Tax Share Rent separately payable for any such storage space) of $12.00 per square foot of rentable area thereof if leased during the first Lease Year of the Term, subject to $0.40 per rentable square foot annual increases during the Term. Tenant’s use of such storage space shall be subject to such reasonable rules and regulations as Landlord from time to time may promulgate on a non-discriminatory basis.
