5A02 Lease Agreement SB Bike Garage Inc.

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that the Rent due in the Extended Term shall be negotiated with delivery of written notice of the exercise of such option not later than ninety (90) days before the expiration of the Term. If Tenant fails to exercise its option to extend the Term in the time periods set forth in this Section 3.2, Tenant's option to renew shall immediately terminate and have no further force or effect, without further notice from Landlord. 3.3. Holding Over. If Tenant fails to surrender the Premises upon the expiration of the Term or earlier termination of the Lease (it being agreed that Tenant shall not be permitted to so hold over without Landlord's written consent), Tenant shall pay Landlord for each day of such holding over a sum equal to Fifty Dollars ($50.00) per day in which such holding over occurs, plus any other amounts which Tenant would have been required to pay had this Lease been in effect (the "Holdover Rent"). If Tenant holds over without Landlord's written consent for a period in excess of thirty (30) days without any action from Landlord to dispossess Tenant, Tenant shall be deemed to occupy the Premises on a tenancy from month-to-month at the Holdover Rent, and all other terms and provisions of this Lease shall be applicable to such period. At any time, either Party may terminate such tenancy from month-to-month upon written notice delivered to the other Party at least thirty (30) days in advance. Tenant hereby waives any and all notice to which Tenant may otherwise be entitled under the laws of the State of Indiana as a prerequisite to a suit against Tenant for unlawful detention or possession of the Premises. Tenant shall Indemnify, as hereinafter defined, Landlord from any Loss, as hereinafter defined, resulting from such hold over, including without limitation any liability incurred by Landlord to any succeeding tenant of the Premises. ARTICLE IV RENT 4.1. Rent. For the term of this agreement, the Rent shall be free of charge. Subsequent renewals negotiated to commence after the expiration of this Lease Term, if any, may be subject to increased rental rates. Notwithstanding the foregoing, Tenant shall be responsible for Utilities, as set forth in Section VIII, and any other services it desires for its use and benefit, including, but not limited to, internet and security services. ARTICLE V MAINTENANCE AND REPAIRS TO THE PREMISES 5.1. Landlord Maintenance and Repairs. Landlord shall, at its expense: (a) keep the foundations and roof of the Premises in good order, repair and condition; and (b) maintain the exterior walls of the Premises in a structurally sound condition, except to the extent that there is damage caused by any act or omission of Tenant or its employees, agents, contractors, invitees or licensees, and (c) replace window glass that may be damaged or broken with glass of the same or substantially similar quality, except to the extent that any damage or breakage is caused by any act or omission of Tenant or its employees, agents, contractors, invitees or licensees. Landlord shall be responsible for the replacement and maintenance of all heating, ventilating, and cooling equipment and systems serving the Premises (the "HVAC Systems"); provided, however, that