Common use of Monthly Basic Rent Clause in Contracts

Monthly Basic Rent. Paragraphs 4.1, 4.2, 4.3, 4.4 and 4.6 of the Lease and all of the modifications to the Lease contained in the First Amendment (except those contained in Sections 6, 7, 8, 9 and 10 of the First Amendment), and any other conflicting provisions of the Lease are superseded and replaced with the following: Commencing as of September 1, 2002, and continuing throughout the remainder of the initial Term, Landlord has agreed to defer a portion of the Monthly Basic Rent due under the Lease pursuant to Paragraph 2D below, and instead accept the following amounts of Monthly Basic Rent during the remainder of the initial Term for the entire Premises as follows: ------------------------------------ ---------------------------------- Period Monthly Basic Rent ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2002-8/31/2003 $185,000.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2003-8/31/2004 $210,000.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2004-8/31/2005 $235,000.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2005-8/31/2006 $260,000.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2006-8/31/2007 $285,000.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2007-8/31/2008 $372,500.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2008-8/31/2009 $379,950.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2009-8/31/2010 $387,549.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2010-8/31/2011 $395,300.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2011-8/31/2012 $403,206.00 ------------------------------------ ----------------------------------

Monthly Basic Rent. Paragraphs 4.1, 4.2, 4.3, 4.4 and 4.6 of the Lease and all of the modifications to the Lease contained in the First Amendment (except those contained in Sections 6, 7, 8, 9 and 10 of the First Amendment), and any other conflicting provisions of the Lease are superseded and replaced with the following: Commencing as of September 1, 2002, and continuing throughout the remainder of the initial Term, Landlord has agreed to defer a portion of the Period Rent Per Rentable Square Foot Monthly Basic Rent due under ------------------------------------- ----------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ----------------------------------- From 1/1/03 until 12/31/03 $1.35 $92,899.45 ------------------------------------- ----------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ----------------------------------- From 1/1/04 until 12/31/04 $1.425 $98,049.98 ------------------------------------- ----------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ----------------------------------- From 1/1/05 until 12/31/05 $1.50 $103,210.50 ------------------------------------- ----------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ----------------------------------- From 1/1/06 until 12/31/06 $1.575 $108,371.03 ------------------------------------- ----------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ----------------------------------- From 1/1/07 until 12/31/07 $1.65 $113,531.55 ------------------------------------- ----------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ----------------------------------- From 1/1/08 until 12/31/08 $1.725 $118,692.08 ------------------------------------- ----------------------------------- ----------------------------------- ------------------------------------- ----------------------------------- ----------------------------------- From 1/1/09 until 12/31/09 $1.80 $123,852.60 ------------------------------------- ----------------------------------- ----------------------------------- Concurrently with Tenant's execution of this Lease, Tenant shall pay Landlord the Lease pursuant to Paragraph 2D below, and instead accept the following amounts first month of Monthly Basic Rent during in the remainder of amount $92,889.45. Notwithstanding anything to the initial Term for contrary contained herein, Tenant shall have no obligation to pay rent and all rent shall be abated from the entire Premises as follows: ------------------------------------ ---------------------------------- Period Monthly Basic Rent ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2002-8/31/2003 $185,000.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2003-8/31/2004 $210,000.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2004-8/31/2005 $235,000.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2005-8/31/2006 $260,000.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2006-8/31/2007 $285,000.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2007-8/31/2008 $372,500.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2008-8/31/2009 $379,950.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2009-8/31/2010 $387,549.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2010-8/31/2011 $395,300.00 ------------------------------------ ---------------------------------- ------------------------------------ ---------------------------------- 9/1/2011-8/31/2012 $403,206.00 ------------------------------------ ----------------------------------Commencement Date through December 31, 2002.