Common use of Amendments to the Lease Clause in Contracts

Amendments to the Lease. Effective as of December 1, 2018, the Lease is hereby amended as follows: (a) Section 2.2 (Basic Rent) is hereby amended to provide that the Basic Rent payable during the Third Extension Term shall be as follows: (i) January 1, 2021 to December 31, 2022: Twenty Five Dollars Fifty Cents ($25.50) $686,893.50 per annum ($57,241.13 per month), based on a rate of Twenty Five Dollars Fifty Cents ($ 25.50) per square foot of the estimated Rentable Area of the Leased Premises per annum, plus Sales Taxes; (ii) January 1, 2023 to December 31, 2024: Twenty Six Dollars Fifty Cents ($26.50): $713,830.50 per annum ($59,485.88 per month), based on a rate of Twenty Six Dollars Fifty Cents ($26.50 ) per square foot of the estimated Rentable Area of the Leased Premises per annum, plus Sales Taxes; (iii) January 1, 2025 to December 31, 2026: Twenty Seven Dollars Fifty Cents ($27.50 ): $740,767.50 per annum ($61,730.63 per month), based on a rate of Twenty Seven Dollars Fifty Cents ($27.50 ) per square foot of the estimated Rentable Area of the Leased Premises per annum, plus Sales Taxes; (iv) January 1, 2027 to December 31, 2028: Twenty Eight Dollars Fifty Cents ($28.50 ): $767,704.50 per annum ($63,975.38 per month), based on a rate of Twenty Eight Dollars Fifty Cents ($28.50 ) per square foot of the estimated Rentable Area of the Leased Premises per annum, plus Sales Taxes; (v) January 1, 2029 to December 31, 2030: Twenty Nine Dollars Fifty Cents ($29.50 ): $794,641.50 per annum ($66,220.13 per month), based on a rate of Twenty Nine Dollars Fifty Cents ($29.50 ) per square foot of the estimated Rentable Area of the Leased Premises per annum, plus Sales Taxes. The foregoing amounts are calculated based on a certified Rentable Area of the Leased Premises of twenty six thousand, nine hundred and thirty seven (26,937) square feet.” (b) The following is added to the Lease as Section 10.3 (Option to Extend):