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(H) Permitted Uses: office, manufacturing, warehouse and other uses permitted by <br /> 110 applicable zoning ordinances. <br /> (I) Broker(s): NONE <br /> (J) Exhibits: A. Description of Premises <br /> B. Legal Description of Real Estate <br /> C. Plans and Specifications <br /> 1.02 Effect of Reference to Basic Terms: Each reference in this Lease to any of the Basic Terms <br /> contained in Section 1.01 shall be construed to incorporate into such reference all of the <br /> definitions set forth in Section 1.01. <br /> ARTICLE II. - GRANT AND TERM <br /> 2.01 In consideration of the rents, covenants, agreements and conditions hereinafter provided to <br /> be paid, kept, performed and observed, Landlord leases to Tenant and Tenant hereby hires from <br /> Landlord the Premises described in Section 1.01(C). <br /> 2.02 Tenant shall have and hold the Premises for and during the Lease Term described in <br /> Section 1.01 (F), subject to the payment of the Rent and to the full and timely performance by <br /> Tenant of the covenants and conditions hereinafter set forth. <br /> 2.03 In the event Tenant takes possession of the Premises prior to the beginning of the Term <br /> hereof with Landlord's consent, all the provisions of this Lease shall be in full force and effect <br /> upon Tenant's so taking possession except that no payment of rent shall be made with respect to <br /> the period prior to the beginning of the Term hereof. <br /> ARTICLE III. - OPTION TO EXTEND TERM <br /> 3.01 Tenant is hereby granted the option to extend the Term of this Lease for 3 successive <br /> Renewal Terms of 2 years each. Such option may be exercised by Tenant at least <br /> days prior to the expiration of the initial Term or any Renewal Term by Tenant giving written <br /> notice of the exercise of Tenant's option hereunder to the Landlord. If Tenant does not give such <br /> notice of exercise of this option,this Lease shall terminate at the end of the then current Term or <br /> Renewal Term and this option shall also expire and be of no further force and effect. In the event <br /> that Tenant does exercise an option for a Renewal Term hereunder, Tenant's occupancy of the <br /> Premises shall be in accordance with all of the terms and conditions of this Lease except that the <br /> Base Rent for each Renewal Term shall be as follows: <br /> First Renewal Term: $ 19,779 per annum($ 4,944.75 per quarter) <br /> • Second Renewal Term: $ 19,779 per annum ($ 4,944.75 per quarter) <br /> Third Renewal Term: $ 19,779 per annum($ 4,944.75 per quarter) <br /> 2 <br />