TERM AND BASE RENT. Tenant covenants and agrees to pay rent to Landlord at Landlord's mailing address (Goldberg Brothers Real Estate LLC, 7 Rantoul Street, Suite 100 B, Be▇▇▇▇▇, ▇assachusetts, 01915) or to ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇rd may from time to time direct in writing. All monetary payments to Landlord are to be made payable to the GOLDBERG BROTHERS REAL ESTATE LLC. Tenant's revised Lease ▇▇▇▇ ▇▇ for a four year three month period commencing April 1, 2008 and expiring June 30th 2012. Tenant shall pay Landlord a MINIMUM base rent of ONE MILLION EIGHT HUNDRED AND EIGHT THOUSAND EIGHT HUNDRED AND EIGHTY EIGHT DOLLARS AND 45/00 CENTS ($1,808,888.45) payable in monthly installments as follows; Monthly Annually ---------- ------------- 04/01/08 - 06/30/08 $33,991.41 $ 101,998.23 07/01/08 - 06/30/09 $33,999.41 $ 407,992.94 07/01/09 - 06/30/10 $35,019.39 $ 420,232.71 3.00% Increase 07/01/10 - 06/30/11 $36,069.97 $ 432,839.69 3.00% Increase 07/01/11 - 06/30/12 $37,152.07 $ 445,824.88 3.00% Increase Total Lease Term Base Rent: $1,808,888.45 In addition to the above base rent the Tenant covenants and agrees to pay Landlord all other sums and additional rents that may become due as set forth in this lease. All Base Rent shall be due on the first day of each month in advance. If this lease shall commence on any day other than the first day of the month, then that month's Base Rent shall be pro-rated so all future monthly rents will be due on the first of the month. Tenant shall immediately pay to Landlord a penalty of One Hundred ($100.00) Dollars each time that Tenant issues and delivers to Landlord a check or draft that is not honored for any reason or returned for insufficient funds by Tenant's financial institution. If Tenant does not pay this penalty and replace said "bounced check" within Ten (10) days of written notification from Landlord then such inaction by Tenant shall be considered a material breach of this lease which may result in its early termination. Should Landlord not receive Tenant's monthly rental payment "IN HAND" on or before the 10th day of the month, then Tenant shall pay to Landlord as additional rent, a late penalty fee of Five Hundred ($500.00) dollars. If Tenant does not pay this late fee and past due rent within Ten (10) days after Tenant's receipt of written notification from Landlord, such inaction by Tenant shall be considered a material breach of this lease which may result in its early termination. 3. TO DELETE CLAUSE 3. OPTION TO EXTEND LEASE TERM: AND REPLACE THIS CLAUSE WITH THE FOLLOWING:
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TERM AND BASE RENT. Tenant covenants and agrees to pay rent to Landlord at Landlord's mailing address (Goldberg Brothers Real Estate LLC, 7 Rantoul Street, Suite 100 B, Be▇▇▇▇▇, ▇assachusetts, 01915) or to ▇▇▇▇ ▇▇▇▇▇▇ ▇Brothers Real Estate LLC, ▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇, ▇▇▇▇▇▇rd ▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇, 01915) or to such person or entity at such other address as Landlord may from time to time direct in writing. All monetary payments to Landlord are to be made payable to the GOLDBERG BROTHERS REAL ESTATE ▇▇▇▇▇▇▇▇ Brothers Real Estate LLC. Tenant's revised Lease ▇▇▇▇ ▇▇ lease term is for a four five year three and five month period commencing April 1, 2008 February 1st 2004 and expiring June 30th 20122009. Tenant shall pay Landlord a MINIMUM base rent of ONE MILLION EIGHT HUNDRED AND EIGHT THOUSAND EIGHT HUNDRED AND EIGHTY EIGHT DOLLARS AND 45/00 CENTS Two Million Three Hundred and Ten Thousand Six Hundred and Ninety-Eight U.S. Dollars and Ninety-Six Cents ($1,808,888.452,310,698.96) payable in monthly installments as follows; Monthly Annually ---------- ------------- 04/01/08 - 06/30/08 $33,991.41 02/01/04 06/30/04 $ 101,998.23 07/01/08 - 06/30/09 $39,925.13 $ 199,625.65 07/01/04 06/30/05 $ 39,925.13 $ 479,101.55 07/01/05 06/30/06 $ 33,999.41 $ 407,992.94 07/01/09 - 06/30/10 $35,019.39 07/01/06 06/30/07 $ 420,232.71 3.00% Increase 07/01/10 - 06/30/11 $36,069.97 33,999.41 $ 432,839.69 3.00% Increase 07/01/11 - 06/30/12 $37,152.07 407,992.94 07/01/07 06/30/08 $ 445,824.88 3.00% Increase 33,999.41 $ 407,992.94 07/01/08 06/30/09 $ 33,999.41 $ 407,992.94 Total Lease Term Base Rent: $1,808,888.45 $ 2,310,698.96 Tenant's rental payments were determined as follows; 02/01/04 — 06/30/05 Office space $ 15.45 psf $ 467,501.55 07/01/05 — 06/30/09 Office space $ 13.10 psf $ 396,392.90 02/01/04 — 06/30/09 Storage space $ 6.41 psf $ 9,000.00 02/01/04 — 06/30/09 Janitorial extras n/a $ 2,600.00 In addition to the above base rent the Tenant covenants and agrees to pay Landlord all other sums and additional rents that may become due as set forth in this lease. All Base Rent shall be due on the first day of each month in advance. If this lease shall commence on any day other than the first day of the month, then that month's Base Rent shall be pro-rated prorated so all future monthly rents will be due on the first of the month. Tenant shall immediately pay to Landlord a penalty of One Hundred ($100.00) Dollars each time that Tenant issues and delivers to Landlord a check or draft that is not honored for any reason or returned for insufficient funds by Tenant's financial institution. If Tenant does not pay this penalty and replace said "bounced check" within Ten (10) days of written notification from Landlord then such inaction by Tenant shall be considered a material breach of this lease which may result in its early termination. Should Landlord not receive Tenant's monthly rental payment "IN HANDin hand" on or before the 10th day of the month, then Tenant shall pay to Landlord as additional rent, a late penalty fee of Five Hundred ($500.00) dollars. If Tenant does not pay this late fee and past due rent within Ten (10) days after Tenant's receipt of written notification from Landlord, such inaction by Tenant shall be considered a material breach of this lease which may result in its early termination.
3. TO DELETE CLAUSE 3. OPTION TO EXTEND LEASE TERM: AND REPLACE THIS CLAUSE WITH THE FOLLOWING:
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