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4 <br />3.2. Renewal Option. Provided that no Event of Default, as hereinafter defined, or any <br />facts which with the giving of notice or passage of time, or both, would constitute an Event of <br />Default, exists at the time of the exercise of any option to renew the Term (the “Renewal Option”) <br />or exists at the end of the Term, Tenant may renew this Sublease for an additional period of two <br />(2) years (the “Extended Term”), on the same terms and provisions as provided in this Sublease, <br />except that the Rent due in the Extended Term shall be negotiated with delivery of written notice <br />of the exercise of such option not later than ninety (90) days before the expiration of the Term. If <br />Tenant fails to exercise its option to extend the Term in the time periods set forth in this Section <br />3.2, Tenant's option to renew shall immediately terminate and have no further force or effect, <br />without further notice from Commission. <br />3.3. Holding Over. If Tenant fails to surrender the Premises upon the expiration of the <br />Term or earlier termination of the Sublease (it being agreed that Tenant shall not be permitted to so <br />hold over without Commission's written consent), Tenant shall pay Commission for each day of <br />such holding over a sum equal to one hundred and fifty percent (150%) of the Rent payable during <br />the preceding Lease Year prorated for the number of days for such holding over, plus all other <br />amounts which Tenant would have been required to pay had this Sublease been in effect (the <br />“Holdover Rent”). If Tenant holds over without Commission's written consent for a period in excess <br />of thirty (30) days without any action from Commission to dispossess Tenant, Tenant shall be <br />deemed to occupy the Premises on a tenancy from month-to-month at the Holdover Rent, and all <br />other terms and provisions of this Sublease shall be applicable to such period. At any time, either <br />Party may terminate such tenancy from month-to-month upon written notice delivered to the other <br />Party at least thirty (30) days in advance. Tenant hereby waives any and all notice to which Tenant <br />may otherwise be entitled under the laws of the State of lndiana (the “State”) as a prerequisite to a <br />suit against Tenant for unlawful detention or possession of the Premises. Tenant shall Indemnify, <br />as hereinafter defined, Commission from any Loss, as hereinafter defined, resulting from such hold <br />over, including without limitation any liability incurred by Commission to any succeeding tenant <br />of the Premises. <br />ARTICLE IV <br />RENT AND COMMON EXPENSES <br />4.1. Rent. <br />(a)The First Rental Amount, Second Rental Amount, and Third Rental Amount, <br />as those terms are defined below, shall collectively be referred to herein as <br />“Rent.” Rent shall be paid to Commission as set forth below, in lawful United <br />States currency without notice, demand, deduction, set-off, counterclaim or <br />recoupment, and without relief from valuation or appraisement laws, in <br />monthly installments commencing on the Effective Date and during the entire <br />Term on or before the first (1st) day of each calendar month, in advance. <br />i.The First Rental Amount is payable and shall commence on the <br />Effective Date (July 1, 2025) and continue until the last day of the <br />twelfth month of the lease term (June 30, 2026) during which Tenant <br />shall pay Base Rent in the sum of Three Thousand and Sixty Dollars