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Leased Premises for the Renewal Term shall be not less than the final Lease Term rents as stated <br />in Article 4 below and as defined in the Basic Lease Terms above. <br />ARTICLE 4. Rent. <br />(a) Rent. Tenant shall pay to Landlord an annual rent equal to a base annual rent, as hereinafter <br />defined ("Base Rent"), plus the "Basic Operating Costs" as defined in Exhibit B. The Base Rent <br />together with the Basic Operating Costs shall collectively be referred to as the "Gross Rent." <br />Landlord shall advise Tenant in writing prior to the commencement of the Lease Term and from <br />time to time, as adjustments are made, in accordance with the terms of this Lease, to the Gross Rent <br />payments then due. <br />(b) Payment of Gross Rent. Tenant shall pay the annual Base Rent in monthly installments, <br />equal to one -twelfth (1/12th) of the then applicable annual Base Rent. Each monthly installment of <br />Base Rent shall be payable in advance without demand and without any reduction, abatement, <br />counterclaim or offset, to Landlord on or before the first day of each month (or the next succeeding <br />business day in the event the first day of such month is not a business day). Tenant shall pay to the <br />Landlord Tenant's "Proportionate Share" of Basic Operating Costs, without any reduction, <br />abatement, counterclaim or offset, within ten (10) days of receipt of the billing for such Basic <br />Operating Costs from Landlord. The term "Proportionate Share" means a fraction, the numerator of <br />which is the square footage of the Leased Premises and the denominator of which is the total square <br />footage of the Building, or the percentage identified in Exhibit B for utility costs. As of the date of <br />this Lease, the Proportionate Share is 19.5%. <br />If any Gross Rent is not paid within ten (10) days of the due date, Tenant shall pay a late penalty of <br />Five Hundred and No/100 Dollars ($500.00). <br />(c) Base Rent. The annual Base Rent for the Leased Premises shall be: <br />Months <br />Sq. Ft. <br />Annual <br />Net Rent <br />Per Sq. <br />Ft. <br />Total <br />Net Rent <br />Per Period <br />Monthly <br />Net Rent <br />1 to 3 <br />5,388 <br />$0.00 <br />$0.00 <br />$0.00 <br />4 to 6 <br />5,388 <br />$5.94 <br />$8,000.00 <br />$2,666.67 <br />7 to 9 <br />6,362 <br />$6.29 <br />$10,000.00 <br />$3,333.33 <br />10 to 12 <br />7,287 <br />$7.68 <br />$14,000.00 <br />$4,666.67 <br />13 to 24 <br />8,327 <br />$7.92 <br />$70,040.00 <br />$5,836.67 <br />25 to 36 <br />8,327 <br />$8.15 <br />$72,141.20 <br />$6,011.77 <br />37 to 48 <br />8,327 <br />$8.40 <br />$74,305.44 <br />$6,192.12 <br />49 to 60 <br />8,327 <br />$8.65 <br />$76,534.60 <br />$6,377.88 <br />3 <br />