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3.2. Extension Options. Provided that no Event of Default, as hereinafter defined, or any facts which with the giving of notice or passage of time, or both, would constitute an Event of Default, exists at the time of the exercise of any option to extend the Term hereof or exists at the end of the Initial Term, Tenant or Permitted Transferee may renew this Lease and extend the Initial Term hereof for two (2) additional periods of five (5) years each ( "Extended Term'), on the same terms and provisions as provided in this Lease, except that the Rent due in each Extended Term shall be the amount set forth in Section 1.2, with delivery of written notice of the exercise of such option not later than one hundred and eighty (180) days before the expiration of the Initial Term or Extended Term of this Lease. If Tenant fails to exercise its option to extend the Term hereof in the time periods set forth in this Section 3.2, all such options to extend shall immediately terminate and have no further force or effect, without farther notice from Landlord. Any reference in this Lease to the "Term" shall mean the Initial Term and as it may be extended pursuant to this Section 3.2. 3.3. Holdin 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 one hundred and twenty -five percent (125 %) of the Rent payable during the preceding Lease Year prorated for the number of days for such holding over, plus Tenant's Pro Rata Share of all other amounts which Tenant would have been required to pay hereunder 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 (the "State ") 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. 4.1. Landlord's Work. Landlord shall perform the work described in Exhibit D, attached hereto and made a part hereof (the "Landlord's Work") substantially in accordance with the plans and specifications for Landlord's Work, as such plans and specifications may be modified by Landlord as appropriate to complete Landlord's Work (the "Plans "). 4.2. Tenant's Work. Landlord shall deliver the Premises "as -is ". All work required for Tenant to open and operate in the Premises under the Tenant's Use as outlined in Section 1.1(c) shall be at Tenant's sole cost and expense. (a) Plans. Within sixty (60) days after the Effective Date, Tenant shall submit to Landlord two (2) copies of the complete plans and specifications (the "Tenant's Plans ") for the work Tenant deems necessary to prepare the Premises for occupancy by the Tenant (the "Tenant's Work"). Within fifteen (15) days after Landlord's receipt of Tenant's Plans, Landlord shall notify Tenant of any failures of the Tenant's Plans to meet with Landlord's approval. Tenant shall, within ten (10) days after receipt of any such notice, cause the Tenant's Plans to be revised to the extent necessary to obtain Landlord's approval and to be resubmitted for Landlord's approval. When Landlord has approved the original or revised Tenant's Plans, Landlord shall initial and return one (1) set of approved Tenant's Plans (the "Approved Plans ") to Tenant. Tenant shall not commence Tenant's Work until Landlord has approved Tenant's Plans, which approval shall not be unreasonably withheld. Landlord's review and approval of Tenant's Plans shall not be deemed to be an assumption of responsibility by Landlord for the accuracy, sufficiency or propriety of Tenant's Plans, pursuant to applicable laws, rules, ordinances or regulations. If the Approved Plans are changed as a result of conditions placed on Tenant as a prerequisite to obtaining a permit, Tenant shall submit such changes to Landlord for approval, and Tenant shall not proceed farther with the affected portions of Tenant's Work until Landlord has approved the changes. Such changes as are approved by Landlord shall become part of the Approved Plans.