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Mr. Tom Peters <br /> September 27, 1989 <br /> Page 2 <br /> 6. Commencement of Lease Term land Obligation to Pay <br /> Rent <br /> Landlord will deliver space to tenant within forty-five <br /> (45) days after lease execution. <br /> 7 . Leased Premises: <br /> The leased premises shall be used for the following <br /> purpose only:- The retail sale of sewing machines, vacuum <br /> cleaners, ancillary products and directly related <br /> services. <br /> 8 . Gross Rent and Escalations: <br /> MONTHS ANNUALLY MONTHLY PER SQUARE FOOT <br /> 1-12 $12 , 600.00 $1, 050.00 $ 5. 00 <br /> 13-24 13 , 230. 00 1, 102 . 50 5. 25 <br /> 25-36 13 , 860. 00 1, 155. 00 5.50 <br /> 9 . Percentage Rent: <br /> Not applicable. <br /> 10. Additional Rent: <br /> Tenant is responsible for their full proportionate share <br /> of the operating expenses to the property. This includes <br /> but is not limited to: <br /> -(1) Maintenance Expenses (Project Areas and <br /> Common Areas) - Full pro rata share based on <br /> gross leased and occupied area. <br /> (2) Real Estate Taxes and Insurance - Full pro rata . <br /> share based on gross leased and occupied area. <br /> (3) Current operating expenses are estimated at $1. 74 <br /> per square foot. <br /> 11 . Tenant Improvements• <br /> Landlord shall provide a clean "vanilla shell" which <br /> includes sheetrock walls, dropped ceiling and lighting, <br /> HVAC distributed and diffused. <br />