Common use of Expansion Term Clause in Contracts

Expansion Term. Lessor and Lessee acknowledge that the Lease is currently scheduled to expire on December 31, 2016 (the “Lease Expiration Date”), pursuant to the terms of the Lease. Notwithstanding anything to the contrary contained in the Lease, the term of Lessee’s lease of the Expansion Premises (the “Expansion Term”) shall commence on the Expansion Commencement Date and shall expire coterminously with the Existing Premises on the Lease Expiration Date. Lessor and Lessee acknowledge and agree that Lessee’s extension right set forth in Section 2(a) of the Lease shall also apply to the Expansion Premises.