Basic Annual Rent Clause Samples

Basic Annual Rent. (a) Subject to the provisions of this Section 2.1, Tenant agrees to pay during the Partial Lease Month and each Lease Year (defined below) of the term of this Lease as Basic Annual Rent ("BASIC ANNUAL RENT") for the Premises the sums shown for such periods in Item 4 of the Basic Lease Provisions (which shall be increased annually pursuant to Section 2.1(b)). For purposes of this Lease, a "LEASE YEAR" shall be each twelve (12) calendar month period commencing on (i) the Commencement Date (or an anniversary thereof) if the Commencement Date occurs on the first day of a month, or otherwise (ii) the first day of the calendar month following the Commencement Date (or an anniversary thereof). (b) Basic Annual Rent shall increase (but never decrease) once each year, as of the first day of the second Lease Year and as of the first day of each Lease Year thereafter (each an "ADJUSTMENT DATE") by an amount proportionate to the percentage increase, if any, in the CPI Index (defined below) between the calendar month prior to such Adjustment Date and the calendar month thirteen (13) months prior to such Adjustment Date; provided, however, that in no case shall any such increase be more than the Maximum Yearly CPI increase set forth in Item 5 of the Basic Lease Provisions or less than the Minimum Yearly CPI Increase set forth in Item 5 of the Basic Lease Provisions. "CPI INDEX" means the Consumer Price Index for All Urban Consumers, All Items (1982-84=100) for Los Angeles-Anaheim-Riverside, as published by the United States Department of Labor, Bureau of Labor Statistics. If the CPI Index is no longer published or for other mutually agreeable good faith reasons the consumer price index procedure set forth herein is not satisfactory, Landlord and Tenant, may adopt a substitute Index or procedure which reasonably reflects consumer price increases for the Lease Year(s) at issue.

Basic Annual Rent. Tenant agrees to pay to Landlord as basic annual rent (the “Basic Annual Rent”) at such place as Landlord may designate, without prior demand therefore and without any deduction or set off whatsoever, the sum of Two Million Ninety Nine Thousand Six Hundred Seventy Four dollars and no/100 (2,099,674.00). Said Basic Annual Rent shall be due and payable in twelve (12) equal monthly installments to be paid in advance on or before the first day of each calendar month during the term of the Lease. If the Lease is extended as provided for in section 2.3, then the Basic Annual Rent shall escalate at the beginning of the fourth year and every three (3) years thereafter using either a 3% annually compounded rate or the change in the All Urban Index, whichever is less (each such anniversary being referred to as an “adjustment date”). For purposes of this Lease the term “All Urban Index” shall mean the Consumer Price Index for All Urban Consumers-U.S. City Average-all Items (1982-1984 equals 100 base) as published by the United States Bureau of Labor Statistics or any successor agency or any other index hereinafter employed by the Bureau of Labor Statistics in lieu of said index. The price index for the third month proceeding the month in which the Lease commences shall be considered the Basic Price Index. Therefore, the beginning of the fourth year and every three years thereafter, the Basic Annual Rent set forth in this Section 3.1 shall be adjusted by multiplying such rental by a fraction, the numerator of which is the Price Index for the third month preceding the beginning of the anniversary (or each such adjustment date) and the denominator of which is the Basic Price Index. Additionally, the Laboratory Facility Basic Annual Rent will be adjusted in the same manner. In no event shall Basic Annual Rent or the Laboratory Facility Basic Annual Rent be reduced. In the event the Commencement Date occurs on a day other than the first day of a calendar month, then rent shall be paid on the Commencement Date for the initial fractional calendar month prorated on a per-diem basis (based upon a thirty (30) day month).

Basic Annual Rent. Notwithstanding anything to the contrary in the Lease, commencing on the Extension Term Commencement Date and continuing throughout the Thirteenth Amendment Extension Term, Basic Annual Rent for the Premises shall be as set forth in the charts below and Tenant shall pay such Basic Annual Rent for the Premises in accordance with the terms and provisions of the Lease. December 23, 2017 – December 22, 2018 6,770 $2.35 monthly $ 15,909.50 December 23, 2018 – December 22, 2019 6,770 $2.42 monthly $ 16,383.40 December 23, 2017 – December 22, 2018 110 $1.09 monthly $ 119.90 December 23, 2018 – December 22, 2019 110 $1.12 monthly $ 123.20

Basic Annual Rent. Monthly Installment. From and after July 1, 1997, the Basic Annual Rent for the Expansion Premises shall be $11,404.80, (based on $1.44 per square foot of Rentable Area), the monthly installment of the Basic Annual Rent shall be $950.40, and the per them amount for a partial lease month shall be $31.25.

Basic Annual Rent. 4.1 From January 1, 2011 through June 30, 2012, the Basic Annual Rent for the Premises shall be One Dollar and 75/100 ($1.75) per rentable square foot per month on a triple net basis. 4.2 In the event Landlord delivers the Additional Premises in the Required Condition on the Additional Premises Delivery Date, the Basic Annual Rent set forth in the table below shall apply to the Total Premises throughout the remainder of the initial Term and the Extension Term. July 1, 2012 - December 31, 2013 $1.85 NNN January 1, 2014 - December 31, 2014 $2.15 NNN January 1, 2015 - December 31, 2015 $2.25 NNN January 1, 2016 - December 31, 2016 $2.35 NNN January 1, 2017 - December 31, 2017 $2.45 NNN January 1, 2018 - December 31, 2018 $2.50 NNN January 1, 2019 - December 31, 2019 $2.55 NNN January 1, 2020 - December 31, 2020 $2.57 NNN 4.3 In the event Landlord does not deliver the Additional Premises in the Required Condition on the Additional Premises Delivery Date, the Basic Annual Rent set forth in the table below shall apply to the Premises throughout the remainder of the initial Term and the Extension Term. July 1, 2012 - December 31, 2013 $1.85 NNN January 1, 2014 - December 31, 2014 $2.05 NNN January 1, 2015 - December 31, 2015 $2.15 NNN January 1, 2016 - December 31, 2016 $2.25 NNN January 1, 2017 - December 31, 2017 $2.35 NNN January 1, 2018 - December 31, 2018 $2.40 NNN January 1, 2019 - December 31, 2019 $2.45 NNN January 1, 2020 - December 31, 2020 $2.50 NNN

Basic Annual Rent. Tenant hereby agrees to pay Basic Annual Rent for Leased Premises in the amount specified in Item D, Section 1.02 of this Lease without a right of set-off, except as expressly provided in this Lease, payable in advance in equal consecutive monthly installments as specified in Item E, Section 1.02 of this Lease, on or before the first day of each month during the Lease Term.

Basic Annual Rent. (See Paragraph 2) Months 1 to 12, inclusive: Monthly Installment: $155,924.83 ($31.00/square foot of Rentable Area/annum) Months 13 to 24, inclusive: Monthly Installment: $171,014.33 ($34.00/square foot of Rentable Area/annum) Months 25 to 30, inclusive: Monthly Installment: $188,618.75 ($37.50/square foot of Rentable Area/annum)

Basic Annual Rent. Report of Direct Costs and Statement of Estimated Costs 5 4.3 Payment of Costs 5 4.4 Resolution of Disagreement 6 4.5 Limitations 6

Basic Annual Rent. For the term of this Lease, TENANT shall pay to LANDLORD without reduction, abatement or set-off (except as specifically set forth in Articles 2, 15 and 16 hereof), rent at the following annual rates: Lease Years 1-3 $831,111.00 ($41.00 per rentable square foot) Lease Years 4-7 $851,382.00 ($42.00 per rentable square foot)