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(k) Delivery Date: The date to which possession is delivered to the Tenant
<br />as determined in Section 4.1.
<br />(1) Commencement Date: The date on which the "Initial Term" commences as
<br />determined in Section 3.1.
<br />1.2. Base Rent. Base Rent or Triple Net Rent (`NNN') includes the Base. Common Area
<br />Maintenance fee , or CAM, charges of $4.00 per square foot per year shall be described as Additional Rent as found
<br />below. Total Rent is Base Rent plus CAM.
<br />Lease Year
<br />Annual
<br />Monthly
<br />Initial Term
<br />Total Rent
<br />Total Rent
<br />1
<br />Base Rent Abated, $4.00 CAM
<br />5,692.00
<br />474.33
<br />2
<br />$8.25 Base Rent plus $4.12 CAM
<br />$17,602.51
<br />$1,466.87
<br />3
<br />$8.50 Base Rent plus $4.24 CAM
<br />$18,129.02
<br />$1,510.75
<br />4
<br />$8.75 Base Rent plus $4.36 CAM
<br />$18,655.53
<br />$1,554.62
<br />During any Extended Term, as provided below, Base Rent shall increase by a flat three percent (3 %) over
<br />the previous term. CAM charges shall not increase by more than 3% per year over the previous year.
<br />ARTICLE II.
<br />PREMISES.
<br />2.1. Premises. Landlord is the owner of the Building. Landlord, in consideration of the Rent, as herein
<br />defined, to be paid and the covenants to be performed by Tenant, hereby leases to Tenant, and Tenant hereby leases
<br />from Landlord, that certain premises located in the Building and depicted on Exhibit C (the "Premises "), subject to
<br />the terms and conditions of this Lease. Subject to section 2.3 below, Landlord reserves the right, with respect to the
<br />Building, to modify, increase or decrease: the number, location, dimension, size, and height of buildings and other
<br />improvements in the Building; and the identity and type of other tenants. Tenant's interest in the Premises is and
<br />shall be subject to all easements, restrictions, liens, encumbrances, rights -of -way, or other matters now or hereafter
<br />of record affecting the Premises or the Building.
<br />2.2. Common Areas. Tenant shall have the right, in common with all other tenants in the Building, to
<br />use the areas in and around the Building designated by Landlord from time to time as common areas, including,
<br />without limitation, hallways, stairs, elevators, sidewalks, interior drives, parking areas and green areas (the
<br />"Common Areas "), subject to the Rules, as hereinafter defined. Landlord shall operate, maintain and insure the
<br />Common Areas for their intended purposes in such a manner as Landlord shall determine to be necessary or
<br />appropriate, including, without limitation, that Landlord at any time may close or change any part of the Common
<br />Areas as Landlord determines to be necessary or appropriate.
<br />2.3. Quiet Enjoyment. Landlord warrants that it is the owner in fee simple of the Building, and that it
<br />has full right and authority to enter into this Lease, subject to all easements, restrictions, liens, encumbrances, rights -
<br />of -way and other matters of record. Landlord agrees that if Tenant observes all of the terms and conditions of, and
<br />performs all of its obligations under, this Lease, then, at all times during the Term, subject to the terms and
<br />conditions of this Lease, Tenant shall have the peaceable and quiet enjoyment of possession of the Premises, without
<br />any manner of hindrance from parties claiming under, by, or through Landlord.
<br />ARTICLE III.
<br />TERM.
<br />3.1. Initial Term. The "Initial Term" shall commence on January 1, 2012 (the "Commencement
<br />Date "); and (b) end on that date which is Forty Eight (48) Lease Months after the Commencement Date, unless
<br />earlier terminated in accordance with the provisions of this Lease (the "Termination Date" ). Tenant hereby
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