Zero cents Uses in Basic Rent during Lease Term Clause

Basic Rent during Lease Term from Building Lease

THIS LEASE, is made and entered into this 27th day of January, 2015, by and between FLAGSHIP ENTERPRISE CENTER, INC. (hereinafter referred to as "Landlord") and ALTAIRNANO (hereinafter referred to as "Tenant").

Basic Rent during Lease Term. During the two (2) year term of the NNN Lease, from July 1, 2015, through June 30, 2017, Basic Rent, as described in "Exhibit 2 - Rent Calculation," shall be Twenty-Two Thousand and Fifteen dollars and Zero cents ($22,015.00) per month, represented by annual rent in the sum of $262,500.00 [being the product of $3.75, the annual Basic Rent per square foot, and 70,000 square feet, the total square footage of the Leased Premises, divided by 12 months], plus $140.00 monthly IT fees.