Common use of Types of Rental Payments Clause in Contracts

Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENT") in the amounts and for the periods set forth below: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD MONTHLY BASE RENT ------------ ----------------- 02-01-04 - 05-31-04 $ -0- 06-01-04 - 05-31-05 $42,216.10 06-01-05 - 05-31-06 $43,271.50 06-01-06 - 05-31-07 $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 Tenant shall also pay Tenant's Proportionate Share (as set forth in SECTION 1.14) of Operating Expenses (as hereinafter defined), Tenant's Proportionate Share of any and all Reserve Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder [collectively, "ADDITIONAL RENT"]. In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent [the "LATE CHARGE"; the Late Charge, Default Interest (as defined in SECTION 22.3 below), Base Rent and Additional Rent shall collectively be referred to as "RENT"] to FIRST INDUSTRIAL DEVELOPMENT SERVICES, INC., 00 XXXXXXXXXX XXXXX, XXXXX 0000, XXXXXXX XXXXXXXX 00000-0000 (or such other entity designated as Landlord's management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).

Types of Rental Payments. Tenant shall pay modified net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENT") in the amounts and for the periods set forth below: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD ANNUAL BASE RENT MONTHLY BASE RENT ------------ ---------------- ----------------- 02-01-04 Jan. 1, 2005 - 05-Dec. 31-04 $ -0- 06-01-04 - 05-31-05 , 2008 $42,216.10 06-01-05 - 05-31-06 441,795.96 ($43,271.50 06-01-06 - 05-31-07 8.50/ft.) $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 36,816.33 Tenant shall also pay Tenant's Proportionate Share (as set forth in SECTION 1.141.12) of Operating Expenses (as hereinafter defined), Tenant's Proportionate Share of any and all Reserve Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder [collectively, "ADDITIONAL RENT"]. In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent [the "LATE CHARGE"; the Late Charge, Default Interest (as defined in SECTION 22.3 below), Base Rent and Additional Rent shall collectively be referred to as "RENT"] shall be paid by Tenant to FIRST INDUSTRIAL DEVELOPMENT SERVICESLandlord, INC.c/o First Industrial, L.P., 00 XXXXXXXXXX XXXXXXxxxxxxxxx Xxxxx, XXXXX Xxxxx 0000, XXXXXXX XXXXXXXX Xxxxxxx, XX 00000-0000, or if sent by overnight courier to, First Industrial, L.P., 00 Xxxxxxxxxx Xxxxx, Xxxxxxx #0000, Xxxxxxx, XX 00000-0000 (or such other entity designated as Landlord's management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).

Types of Rental Payments. Tenant shall pay rents of (a) net base rent to Landlord payable in monthly installmentsinstallments as set forth in SECTION 1.11 hereof, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENT"); and (b) in the amounts and for the periods set forth below: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD MONTHLY BASE RENT ------------ ----------------- 02-01-04 - 05-31-04 $ -0- 06-01-04 - 05-31-05 $42,216.10 06-01-05 - 05-31-06 $43,271.50 06-01-06 - 05-31-07 $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 Tenant shall also pay Tenant's Proportionate Share (as set forth in SECTION 1.14) of Operating Expenses (as hereinafter defined), Tenant's Proportionate Share of any and all Reserve Operating Expenses (as hereinafter defineddefined below) and any other amounts owed by Tenant hereunder [(collectively, "ADDITIONAL RENT"]. In ); and (c) in the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent [(the "LATE CHARGE"; the Late Charge, Default Interest (as defined in SECTION 22.3 below), Base Rent and Additional Rent shall collectively be referred to as "RENT"] ), to FIRST INDUSTRIAL DEVELOPMENT SERVICESFirst Industrial, INCL.P ., 00 XXXXXXXXXX XXXXXXxxxxxxxxx Xxxxx, XXXXX Xxxxx 0000, XXXXXXX XXXXXXXX Xxxxxxx, Xxxxxxxx 00000-0000 (0000, or if sent by overnight courier, The Northern Trust Company, 000 Xxxxx Xxxxxxx Xxxxxx, Receipt and Dispatch, 0xx Xxxxx, Xxxxxxx, Xxxxxxxx 00000, Attention: First industrial, L.P ., Suite 1449 ( or such other entity designated as Landlord's ' s management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).

Types of Rental Payments. Tenant shall pay rents of (a) net base rent to Landlord payable in monthly installmentsinstallments as set forth in Section 1.11 hereof, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENTBase Rent"); and (b) in the amounts and for the periods set forth below: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD MONTHLY BASE RENT ------------ ----------------- 02-01-04 - 05-31-04 $ -0- 06-01-04 - 05-31-05 $42,216.10 06-01-05 - 05-31-06 $43,271.50 06-01-06 - 05-31-07 $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 Tenant shall also pay Tenant's Proportionate Share (as set forth in SECTION 1.14) of Operating Expenses (as hereinafter defined), Tenant's Proportionate Share of any and all Reserve Operating Expenses (as hereinafter defineddefined below) and any other amounts owed by Tenant hereunder [(collectively, "ADDITIONAL RENTAdditional Rent"]. In ); and (c) in the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the Rider 1A Preliminary Term The period commencing as of the date of this Lease and continuing through the Commencement Date, during which the Tenant shall have the right to build out the interior of the Building in accordance with the terms of this Lease and any Exhibits hereto. date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent [(the "LATE CHARGELate Charge"; the Late Charge, Default Interest (as defined in SECTION 22.3 below), Base Rent and Additional Rent shall collectively be referred to as "RENTRent"] ), to FIRST INDUSTRIAL DEVELOPMENT SERVICESFirst Industrial, INC.L.P., 00 XXXXXXXXXX XXXXX00000 Xxxxxxx Xxxxx, XXXXX Xxxxxxx XX 00000-0000, XXXXXXX XXXXXXXX or if sent by overnight courier, Bank One of Chicago, 000 Xxxx Xxxxxx, 0xx Xxxxx xxxxxxxx, Xxxxxxx XX 00000-0000 , Attn Lockbox 21129, (or such other entity designated as Landlord's management agent, if any, and if Landlord so appoints such a management agent, the "AGENTAgent"), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).

Types of Rental Payments. 2.2.1. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENT"“Base Rent”) in the amounts and for the periods set forth below: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD MONTHLY BASE RENT ------------ ----------------- 02-01-04 - 05-31-04 Months 1 — 5 $ -0- 06-01-04 - 05-31-05 $42,216.10 06-01-05 - 05-31-06 $43,271.50 06-01-06 - 05-31-07 $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 0.00 $ 0.00 Months 6 —17 $ 10.25 $ 34,107.73 Months 18 — 29 $ 10.56 $ 35,139.28 Months 30 — 41 $ 10.88 $ 36,204.11 Months 42 — 53 $ 11.21 $ 37,302.21 Months 54 — 65 $ 11.55 $ 38,433.59 Months 66 — 77 $ 11.90 $ 39,598.24 Months 78 — 89 $ 12.26 $ 40,796.17 Months 00 -000 $ 12.63 $ 42,027.38 2.2.2. Commencing with the 6th full month of the Term, Tenant shall also pay Tenant's ’s Proportionate Share (as set forth in SECTION 1.14Section 1.12) of Operating Expenses (as hereinafter defined), Tenant's Proportionate Share of any and all Reserve Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder [(collectively, "ADDITIONAL RENT"]“Additional Rent”). In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent [(the "LATE CHARGE"; the “Late Charge, Default Interest (as defined in SECTION 22.3 below), ”) shall be payable by Tenant without notice or demand. Base Rent and Additional Rent (including, without limitation, any Late Charge and Default Interest [as defined in Section 22.3 below]) payable by Tenant hereunder shall collectively be referred to as "RENT"] “Rent”, provided that no Late Charge shall not be imposed with respect to FIRST INDUSTRIAL DEVELOPMENT SERVICES, INC., 00 XXXXXXXXXX XXXXX, XXXXX 0000, XXXXXXX XXXXXXXX 00000-0000 the first occurrence of such a delinquency in any twelve (12)-month period if Tenant cures such first delinquency within five (5) days of written notice from Landlord thereof. The Rent shall be paid by Tenant to Landlord (or such other entity designated as Landlord's ’s management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"“Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).

Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first (1st) day of each and every calendar month during the Term of this Lease (the "BASE RENT"“Base Rent”) in the amounts and for the periods set forth below: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD MONTHLY BASE RENT ------------ ----------------- 02October 1, 2006 — October 31, 2006 $-0- Additional rent due and payable ($2.78 sf) November 1, 2006 — September 30, 2007 $ 1,500.00 The Base Rent escalates $0.50 per square foot for every twelve-01consecutive month period during the Term over the Base Rent prevailing in the immediately preceding twelve-04 - 05-31-04 consecutive month period as follows: October 1, 2007 — April 30, 2008 $ -0- 06-01-04 - 05-31-05 $42,216.10 06-01-05 - 05-31-06 $43,271.50 06-01-06 - 05-31-07 $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 1,600.00 Tenant shall also pay Tenant's ’s Proportionate Share (as set forth in SECTION Section 1.14) of Operating Expenses (as hereinafter defined), Tenant's Proportionate Share of any and all Reserve Expenses (as hereinafter defineddefined under Section 3) and any other amounts owed by Tenant hereunder [(collectively, "ADDITIONAL RENT"]“Additional Rent”). In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 five (5) days of the date when due, a late charge in an amount equal to five percent (5% %) of the then then-delinquent installment of Base Rent and/or Additional Rent (the “Late Charge”), [the "LATE CHARGE"; the Late Charge, Default Interest Rate (as defined in SECTION Section 22.3 below), . Base Rent and Additional Rent shall collectively be referred to as "RENT"“Rent”)] to FIRST INDUSTRIAL DEVELOPMENT SERVICESLandlord, INC.c/o PRLM. Inc. P.X. Xxx 00000, 00 XXXXXXXXXX XXXXXXx. Xxxxxxxxxx, XXXXX 0000, XXXXXXX XXXXXXXX Xxxxxxx 00000-0000 (or such other entity designated as Landlord's ’s management agent, if any, and if Landlord so appoints such a management agent, agent (the "AGENT"“Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).

Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENT") in the amounts and for the periods set forth below: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD ANNUAL BASE RENT MONTHLY BASE RENT ------------ ---------------- ----------------- 02-01-04 April 1, 2003 - 05-July 31-04 $ -0- 06-01-04 , 2003 $0.00 $0.00 August 1, 2003 - 05-31-05 April 30, 2006 $42,216.10 06-01-05 233,852.70 $19,487.73 May 1, 2006 - 05-31-06 September 30, 2008 $43,271.50 06-01-06 - 05-31-07 255,261.75 $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 21,271.81 Tenant shall also pay Tenant's Proportionate Share (as set forth in SECTION 1.141.12) of Operating Expenses (as hereinafter defined), Tenant's Proportionate Share of any and all Reserve Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder [collectively, "ADDITIONAL RENT"]. In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent [the "LATE CHARGE"; the Late Charge, Default Interest (as defined in SECTION 22.3 below), Base Rent and Additional Rent shall collectively be referred to as "RENT"] shall be paid by Tenant to Landlord, FIRST INDUSTRIAL DEVELOPMENT SERVICESINDUSTRIAL, INC.L.P., 00 XXXXXXXXXX XXXXXC/O FIRST INDUSTRIAL, L.P., P.O. BOX 70044, CHICAGO, IL 60673-0044, XX XX XXXX XX XXXXXXXXX XXXXXXX, XXXXX 0000XXXXXXXX XXXX XX XXXXXXX, 0TH FLOOR MAILROOM, 525 WEST MONROE, CHICAGO, IL 60661, ATTENTION: FIRST INDUSTRIAL, L.P., XXXXXXX XXXXXXXX 00000-0000 #00000 (or such other entity xx xxxx xxxxx xntity designated as Landlord's management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).

Types of Rental Payments. Commencing on the Rent Commencement Date, Tenant shall pay net base rent to Landlord rents of (a) Annual Base Rent (as set forth in Section 1.10 hereof), payable in monthly installments, in advance, on the first day of each and every calendar month during the Term term of this Lease (the "BASE RENT"“Base Rent”); (b) in the amounts and for the periods set forth below: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD MONTHLY BASE RENT ------------ ----------------- 02-01-04 - 05-31-04 $ -0- 06-01-04 - 05-31-05 $42,216.10 06-01-05 - 05-31-06 $43,271.50 06-01-06 - 05-31-07 $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 Tenant shall also pay Tenant's Proportionate Share Common Area Maintenance (as set forth in SECTION 1.14) of Operating Expenses (as hereinafter defined“CAM”), Tenant's Proportionate Share of any Taxes, Insurance and all Reserve Expenses such other charges for services that Tenant may request or Landlord may incur, as provided in Sections 2.7, 3 and 10 herein that become due during the Term (as hereinafter defined) and any other amounts owed by Tenant hereunder [collectively, "ADDITIONAL RENT"]“Additional Rent”). In the event any monthly installment of Base Rent or Additional Rent, or both, Rent is not paid within 10 ten (10) days of the date when due, Tenant shall pay a late charge in an amount equal to of five (5% %) percent of the then delinquent installment of Base Rent and/or Additional Rent [moneys due (the "LATE CHARGE"; “Late Charge”). Notwithstanding the foregoing, no more than once in each calendar year, Landlord shall waive the Late Charge, Default Interest Charge if Tenant pays Rent within five (5) days following written notice from Landlord that such Rent was not received as defined in SECTION 22.3 below), required by this Section. The Base Rent and Additional Rent shall collectively be referred to as "RENT"] “Rent”, and shall be payable to FIRST INDUSTRIAL DEVELOPMENT SERVICESXxxxxx North, INC.LLC, 00 XXXXXXXXXX XXXXX000 - 0xx Xxx. Xx. #000, XXXXX 0000Xxxxxxxxxxx, XXXXXXX XXXXXXXX 00000-0000 XX 00000 (or such other entity designated as Landlord's ’s management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"the” Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER. In the event that any Rental shall be billed to Tenant other than on a monthly basis, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEARTenant shall have thirty (30) days from the date of receipt of the invoice therefore to pay the amount of said invoice. For purposes hereof, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH Rent, as of the Rent Commencement Date, shall equal the sum of $14.75 per square foot for Base Rent and (5THii) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY)Additional Rent as set forth in Articles 2.7, 3 and 10 below.

Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENT"“Base Rent”) in the amounts and for the periods set forth below: The approximately seven (7) full calendar month period beginning on the Commencement Date No Base Rent shall be payable during this portion of the Term (Tenant Initial__________ shall still be required to pay its proportionate share of Operating Expenses from and after the Commencement Date) November 1, 2005 through March 31, 2007 $ 180,828 $ 15,069 April 1, 2007 – March 31, 2009 $ 186,372 $ 15,531 April 1, 2009 – March 31, 2011 $ 191,916 $ 15,993 The parties anticipate that the Landlord Initial__________ LEASE PERIOD MONTHLY BASE RENT ------------ ----------------- 02-01-04 - 05-Improvements will be substantially completed prior to March 31-04 $ -0- 06-01-04 - 05-, 2005. If the Commencement Date is other than March 31-05 $42,216.10 06-01-05 - 05-31-06 $43,271.50 06-01-06 - 05-31-07 $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 , 2005, the date on which Tenant’s obligation to commence paying Base Rent begins and the other dates set forth above shall be appropriately adjusted. Tenant shall also pay Tenant's ’s Proportionate Share (as set forth in SECTION 1.14Section 1.13) of Operating Expenses (as hereinafter defined), Tenant's Proportionate Share of any and all Reserve Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder [collectively, "ADDITIONAL RENT"“Additional Rent”]. In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent [the "LATE CHARGE"“Late Charge”; the Late Charge, Default Interest (as defined in SECTION Section 22.3 below), Base Rent and Additional Rent shall collectively be referred to as "RENT"“Rent”] shall be paid by Tenant to FIRST INDUSTRIAL DEVELOPMENT SERVICESLandlord, INC.First Industrial, 00 XXXXXXXXXX XXXXXL.P., XXXXX c/o First Industrial, L.P., P.X. Xxx 00000, Xxxxxxx, XX 00000-0000, XXXXXXX XXXXXXXX or if sent by overnight courier, First National Bank of Chicago, 7th Floor Mailroom, 500 Xxxx Xxxxxx, Xxxxxxx, XX 00000-0000 , Attention: First Industrial, L.P., Lockbox #70044 (or such other entity designated as Landlord's ’s management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"“Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).

Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENT"“Base Rent”) in the amounts and for the periods set forth below: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD MONTHLY BASE RENT ------------ ----------------- 02-01-04 - 05-31-04 06/30/2003 – 12/31/2003 $ -0- 06-01-04 - 05-31-05 $42,216.10 06-01-05 - 05-31-06 $43,271.50 06-01-06 - 05-31-07 $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 29,142.00 $ 2,428.50 01/01/2004 – 06/30/2004 $ 58,284.00 $ 4,857.00 07/01/2004 – 06/30/2005 $ 60,036.00 $ 5,003.00 07/01/2005 – 06/30/2006 $ 61,860.00 $ 5,155.00 07/01/2006 – 09/30/2006 $ 63,924.00 $ 5,327.00 Tenant shall also pay Tenant's ’s Proportionate Share (as set forth in SECTION 1.14Section 1.12) of Operating Expenses (as hereinafter defined), Tenant's ’s Proportionate Share of any and all Reserve Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder [(collectively, "ADDITIONAL RENT"]“Additional Rent”). In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 7 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent [the "LATE CHARGE"“Late Charge”; the Late Charge, Default Interest (as defined in SECTION Section 22.3 below), Base Rent and Additional Rent shall collectively be referred to as "RENT"“Rent”] shall be paid by Tenant to FIRST INDUSTRIAL DEVELOPMENT SERVICESLandlord, INC.c/o First Industrial, 00 XXXXXXXXXX XXXXXL.P., XXXXX 20000 Xxxxxxx Xxxxx, Xxxxxxx, XX 00000-0000, XXXXXXX XXXXXXXX or if sent by overnight courier, Bank One of Chicago, 500 Xxxx Xxxxxx, 0xx Xxxxx xxxxxxxx, Xxxxxxx, XX 00000-0000 , Attn Lockbox 21129 (or such other entity designated as Landlord's ’s management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"“Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).

Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENT") in the amounts and for the periods as set forth below: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD MONTHLY BASE RENT ------------ ----------------- 02-01-04 - 05-31-04 $ -0- 06-01-04 - 05-31-05 RENTAL PAYMENTS Annual Monthly Lease Base Base Period Rent Rent ------ ---------- ------------- Year 1 $42,216.10 06-01-05 - 05-31-06 1,218,725 See EXHIBIT E Year 2 1,218,725 $43,271.50 06-01-06 - 05-31-07 $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 101,560 Year 3 1,218,725 101,560 Year 4 1,249,193 104,099 Year 5 1,280,423 106,702 Year 6 1,312,434 109,370 Year 7 1,345,244 112,104 Year 8 1,378,875 114,906 Year 9 1,413,347 117,778 Year 10 1,448,681 120,723 Tenant shall also pay Tenant's Proportionate Share (as set forth in SECTION 1.14) of all Operating Expenses (as hereinafter defined), Tenant's Proportionate Share of any and all Reserve Expenses (as hereinafter defineddefined below) and any other amounts owed by Tenant hereunder [(collectively, "ADDITIONAL RENT"]). In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 5 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent [(the "LATE CHARGE"; the Late Charge, Default Interest (Interest, as defined in SECTION 22.3 21.3 below), Base Rent and Additional Rent shall collectively be referred to as "RENT"] ) shall be paid by Tenant to FIRST INDUSTRIAL DEVELOPMENT SERVICES, INC.Landlord, 00 XXXXXXXXXX XXXXXXxxxxxxxxx Xxxxx, XXXXX Xxxxx 0000, XXXXXXX XXXXXXXX Xxxxxxx, Xxxxxxxx 00000-0000 0000, or if sent by overnight courier, The Northern Trust Co., 000 X. Xxxxxxx Xxxxxx, Receipt & Dispatch, 0xx Xxxxx, Xxxxxxx, Xxxxxxxx 00000, Attention: First Industrial, L.P., Suite 1449 (or such other entity designated as Landlord's management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).

Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENT") in the amounts and for the periods set forth below: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD ANNUAL BASE RENT MONTHLY BASE RENT ------------ ---------------- ----------------- 02-01-04 - 05-31-04 $ -0- 06-01-04 - 05-31-05 $42,216.10 06-01-05 - 05-31-06 $43,271.50 06-01-06 - 05-31-07 $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 Tenant shall also pay Tenant's Proportionate Share (as set forth in SECTION 1.141.12) of Operating Expenses (as hereinafter defined), Tenant's Proportionate Share of any and all Reserve Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder [collectively, "ADDITIONAL RENT"]. In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent [the "LATE CHARGE"; the Late Charge, Default Interest (as defined in SECTION 22.3 below), Base Rent and Additional Rent shall collectively be referred to as "RENT"] shall be paid by Tenant to Landlord, to FIRST INDUSTRIAL DEVELOPMENT SERVICESINDUSTRIAL, INC.L.P., 00 XXXXXXXXXX XXXXXC/O FIRST INDUSTRIAL, L.P., P.O. BOX 70044, CHICAGO, IL 60673-0044, XX XX XXXX XX XXXXXXXXX XXXXXXX, XXXXX 0000XXXXXXXX XXXX XX XXXXXXX, 0TH FLOOR MAILROOM, 525 WEST MONROE, CHICAGO, IL 60661, ATTENTION: FIRST INDUSTRIAL, L.P., XXXXXXX XXXXXXXX 00000-0000 #00000 (or such other entity xx xxxx xxxxx xntity designated as Landlord's management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).

Types of Rental Payments. Tenant shall pay net base rent to Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENT"“Base Rent”) in the amounts and for the periods set forth below: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD MONTHLY BASE RENT ------------ ----------------- 02-01-04 - 05-31-04 03/01/05 — 04/30/05 $ -0- 06-01-04 - 05-31-05 $42,216.10 06-01-05 - 05-31-06 $43,271.50 06-01-06 - 05-31-07 $44,353.29 06-01-07 - 05-31-08 $45,462.12 06-01-08 - 05-31-09 $46,598.68 0.00 $ 0.00 $ 0.00 05/01/05 — 04/30/06 $ 112,236.75 $ 9,353.06 $ 2.25 05/01/06 — 04/30/07 $ 124,707.50 $ 10,392.29 $ 2.50 05/01/07 — 04/30/08 $ 137,178.25 $ 11,431.52 $ 2.75 Tenant shall also pay Tenant's ’s Proportionate Share (as set forth in SECTION 1.14Section 1.12) of Operating Expenses (as hereinafter defined), Tenant's ’s Proportionate Share of any and all Reserve Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder [collectively, "ADDITIONAL RENT"“Additional Rent”]. In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent [the "LATE CHARGE"“Late Charge”; the Late Charge, Default Interest (as defined in SECTION Section 22.3 below), Base Rent and Additional Rent shall collectively be referred to as "RENT"“Rent”] shall be paid by Tenant to FIRST INDUSTRIAL DEVELOPMENT SERVICESLandlord, INC.x/x Xxxxx Xxxxxxxxxx Xxxxx, 00 XXXXXXXXXX XXXXXL.P., XXXXX 0000X.X. Xxx 000000, XXXXXXX XXXXXXXX Xxxxxx, XX, 00000-0000 (or if sent by overnight courier to Bank One National Processing Corp., 00000 Xxxx Xx., Fort Worth, Texas 76155 Attention First Industrial Texas, LP, PO Box 730816 or such other entity designated as Landlord's ’s management agent, if any, and if Landlord so appoints such a management agent, the "AGENT"“Agent”), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).

Types of Rental Payments. Tenant shall pay net base rent to --------------------------- Landlord in monthly installments, in advance, on the first day of each and every calendar month during the Term of this Lease (the "BASE RENT") in the amounts and for the periods set forth below: Tenant Initial__________ Landlord Initial__________ LEASE PERIOD MONTHLY NET BASE ESTIMATED TOTAL ESTIMATED ------------ ---------------- --------- --------------- RENT ADDITIONAL RENT MONTHLY RENT --------------- ------------ ----------------- 02-01-04 March 29, 2005 - 05-March 31-04 $ -0- 06-01-04 , 2005 $0.00 $0.00 $0.00 April 1, 2005 - 05-March 31-05 , 2006 $42,216.10 06-01-05 786.24 $333.76 $1,120.00 April 1, 2006 - 05-March 31-06 , 2008 $43,271.50 06-01-06 - 05-31-07 831.04 $44,353.29 06-01-07 - 05-31-08 333.76 $45,462.12 06-01-08 - 05-31-09 $46,598.68 1,164.80 Tenant shall also pay Tenant's Proportionate Share (as set forth in SECTION 1.14Section 1.12) of Operating Expenses (as hereinafter defined), Tenant's Proportionate Share of any and all Reserve Expenses (as hereinafter defined) and any other amounts owed by Tenant hereunder [collectively, "ADDITIONAL RENT"]. In the event any monthly installment of Base Rent or Additional Rent, or both, is not paid within 10 days of the date when due, a late charge in an amount equal to 5% of the then delinquent installment of Base Rent and/or Additional Rent [the "LATE CHARGE"; the Late Charge, Default Interest (as defined in SECTION Section 22.3 below), Base Rent and Additional Rent shall collectively be referred to as "RENT"] shall be paid by Tenant to FIRST INDUSTRIAL DEVELOPMENT SERVICESLandlord, INC.FR Development Services, Inc., 00 XXXXXXXXXX XXXXXXxxxxxxxxx Xxxxx, XXXXX Xxxxx 0000, XXXXXXX XXXXXXXX Xxxxxxx, Xxxxxxxx 00000-0000 or if sent by overnight courier, FR Development Services, Inc., 000 X. Xxxxxxx Xx., Receipt & Dispatch - 0xx Xxxxx, Xxxxx #0000 Xxxxxxx, XX 00000 Attention: FR Development Services, Inc., Suite 1066 (or such other entity designated as Landlord's management agent, if any, and if Landlord so appoints such a management agent, the "AGENTAgent"), or pursuant to such other directions as Landlord shall designate in this Lease or otherwise in writing; PROVIDED HOWEVER, THAT ON THE FIRST TWO INSTANCES OF ANY SUCH DELINQUENCY IN ANY CALENDAR YEAR, NO SUCH LATE CHARGE SHALL APPLY IF PAYMENT IN FULL OF SUCH DELINQUENT INSTALLMENT IS RECEIVED BY LANDLORD NOT LATER THAN THE FIFTH (5TH) DAY FOLLOWING DELIVERY BY LANDLORD TO TENANT OF WRITTEN NOTICE OF SUCH DELINQUENCY (IT BEING ACKNOWLEDGED BY TENANT THAT ANY SUCH ADDITIONAL FIVE (5) DAY NOTICE AND CURE PERIOD SHALL BE APPLICABLE ONLY ON THE FIRST SUCH INSTANCE OF ANY SUCH DELINQUENT INSTALLMENT DURING ANY GIVEN CALENDAR YEAR AND THAT LANDLORD SHALL OTHERWISE HAVE NO OBLIGATION TO NOTIFY TENANT OF ANY SUCH DELINQUENCY).