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Nothing herein contained shall be construed to provide that Lessee shall be under <br />any obligation to purchase the demised premises, or under any obligation in respect to any <br />creditors, members or security holders of Lessor. <br />9. Option to Renew. Lessor hereby grants to Lessee the right and option to <br />renew this Lease for a further like, or lesser, term upon the same or like conditions as herein <br />contained, and Lessee shall exercise this option by written notice to Lessor given upon any rental <br />payment date prior to the expiration of this Lease. <br />10. Utility Service. The Lessee agrees to pay or cause to be paid all charges <br />for sewer, gas, water,. electricity, lights, heat or power, telephone or other utility services used, <br />rendered or supplied upon or in connection with the leased premises throughout the term of this <br />Lease, and to indemnify Lessor and save it harmless against any liability or damages on such <br />account. The Lessee shall also procure any and all necessary permits, licenses or other <br />authorizations required for the lawful and proper installation and maintenance upon the leased <br />premises of wires, pipes, conduits, tubes and other equipment and appliances for use in <br />supplying any such service to and upon the leased premises. <br />11. Transfer to Lessee. In the event Lessee does not exercise its option to <br />purchase under Paragraph 8 or option to renew under Paragraph 9, and upon full discharge and <br />performance by the Lessee of its obligations under this Lease, the demised premises shall <br />become the absolute property of the Lessee, and Lessor shall execute the proper instruments <br />conveying title to the premises to Lessee. <br />12. Defaults. If the Lessee shall default in the payment of any rentals or other <br />sums payable to the Lessor hereunder, or in the observance of any other covenant, agreement or <br />condition hereof, which nonobservance shall continue for ninety (90) days after written notice to <br />-9- <br />DMS_US 51840010x2 <br />