Common use of Option to Extend Lease Term Clause in Contracts

Option to Extend Lease Term. Provided that Tenant (a) is not in default of the Lease, as amended herein, beyond applicable notice and/or cure periods; and (b) has neither sublet nor assigned any interest in the Lease or in the Leased Premises or any part thereof to any party regardless of whether permitted as of right or consented to by Landlord, Tenant shall have the option to extend the Lease Term for one (1) 3-year period (the “Renewal Term”), upon the same terms and conditions as are applicable during the Lease Term except that the Base Rent for the Renewal Term shall be in an amount to be mutually agreed upon by Landlord and Tenant at the time Tenant gives notice of its exercise of such option and except that Tenant shall have no further renewal rights unless otherwise agreed in writing by the parties. Notice of Tenant’s exercise of this option to extend the Lease Term for the Renewal Term must be sent to and received by Landlord at least twelve (12) months prior to the expiration of the Amended Lease Term but not more than eighteen (18) months prior to the expiration of the Amended Lease Term. If Tenant fails to give Landlord said notice within the time provided in this Section or in the event that Landlord and Tenant are unable to agree upon the amount of the Base Rent for the Renewal Term, such option shall automatically become null and void.

Option to Extend Lease Term. Provided that Tenant (a) is not in default of the Lease, as amended herein, beyond applicable notice and/or cure periods; and (b) has neither sublet nor assigned any interest in the Lease or in the Leased Premises or any part thereof to any party regardless of whether permitted as of right or consented to by Landlord, Tenant shall have the option to extend the initial term of this Lease Term with respect to any of the Premises that Tenant may elect to continue to lease from Landlord for one three (13) 3-year period additional, successive periods of five (5) years each (each, an “Extension Period”) on the “Renewal Term”same terms, covenants and conditions of this Lease. In the event Tenant elects to exercise the option(s), upon the same terms and conditions as are applicable during the Lease Term except that the Base Rent for the Renewal Term shall be in an amount to be mutually agreed upon by Landlord and Tenant at the time Tenant gives notice of its exercise of such option and except that Tenant shall have no further renewal rights unless otherwise agreed in writing by the parties. Notice provide Landlord written notice of Tenant’s exercise of the option(s) not less than ninety (90) days prior to the end of the then-current term, such notice shall identify each of the Premises which Tenant has elected to remain subject to this Lease during the applicable Extension Period and is to be given in the manner provided in Section 25.04 of this Lease. Provided that Tenant has duly exercised its option to extend the term of this Lease Term for as set forth herein and further provided that Tenant is not in default under this Lease at the Renewal Term must be sent to and received by Landlord at least twelve (12) months prior to the expiration end of the Amended then current term of this Lease, this Lease Term but not more than eighteen (18) months prior shall be amended to reflect the expiration exclusion of any of the Amended Premises from the Lease Termand the corresponding reduction in the Annual Rent in connection with Tenant’s exercise of the applicable extension option. If Tenant fails Tenant’s right to give Landlord said notice within exercise the foregoing option(s) is conditioned upon Tenant’s performance of all of the duties and obligations on its part to be performed under this Lease so that, at the time provided of the exercise of such options, Tenant shall not be in this Section or in default hereunder. In the event that Landlord and Tenant are unable elects to agree upon extend the amount initial term of this Lease, the Base Annual Rent for the Renewal Term, such option shall automatically become null and voidcontinue to be adjusted as provided in Section 6.02 of this Lease.

Option to Extend Lease Term. Provided that Tenant (a) is not in default of the Lease, as amended herein, beyond applicable notice and/or cure periods; and (b) has neither sublet nor assigned any interest in the Lease or in the Leased Premises or any part thereof to any party regardless of whether permitted as of right or consented to by Landlord, Tenant shall have the right and option to extend the Lease Term (the "Renewal Option") for one (1) 3-year additional period of sixty (60) months (the “"Renewal Lease Term”"); provided, however, such renewal Option is contingent upon the same terms and conditions as are applicable during the Lease Term except that the Base Rent for the Renewal Term shall be following: (i) Tenant is not in an amount to be mutually agreed upon by Landlord and Tenant default at the time Tenant gives Landlord written notice of its Tenant's intention to exercise the renewal option; (ii) upon the Expiration Date or the expiration of such option any Renewal Lease Term, Tenant has no outstanding default; (iii) no event has occurred that upon notice or the passage of time would constitute a default; (iv) Tenant is not disqualified by multiple defaults as provided in the Lease; and except that (v) Tenant is occupying the Premises. Tenant shall have no further renewal rights unless otherwise agreed in writing exercise each Renewal Option by the parties. Notice of Tenant’s exercise of this option to extend the Lease Term for the Renewal Term must be sent to and received by giving Landlord written notice at least twelve one hundred eighty (12180) months days prior to the expiration Expiration Date or the last day of the Amended Lease Term but not more than eighteen (18) months prior to the expiration of the Amended any Renewal Lease Term. If Tenant fails to give such notice to landlord prior to one hundred eighty (180) day period, then Tenant shall forfeit the Renewal Option. If Tenant exercises the Renewal Option, then during any such Renewal Lease Term, Landlord said notice within and Tenant's respective rights, duties and obligations shall be governed by the time provided terms and conditions of the Lease. If Tenant exercises the Renewal Option, then during any such Renewal Lease Term, all references to the term "Term", as used in this Section or in Lease, shall mean the event that Landlord and Tenant are unable to agree upon the amount of the "Renewal Lease Term". The Base Rent for the first year of the Renewal Lease Term shall be at one hundred three percent (103%) of the then current Rent being paid by Tenant in the final year of the Term, such option shall automatically become null and voidincreasing three percent (3%) per annum, provided Tenant gives notice of its exercise of the Renewal Option.

Option to Extend Lease Term. Provided 36.01 Providing that Tenant (a) is has not in default of the Lease, as amended herein, beyond applicable notice and/or cure periods; and (b) has neither sublet nor assigned any interest defaulted in the Lease terms or in the Leased Premises or any part thereof to any party regardless conditions of whether permitted as of right or consented to by Landlordthis Lease, Tenant shall have the one (1) option to extend the Term of this Lease from and after the expiration of the original Term for one a period of three (13) 3-year period (the “Renewal Term”)years. Should Tenant decide to exercise this option, upon the same terms and conditions as are applicable during the Lease Term except that the Base Rent for the Renewal Term shall be in an amount to be mutually agreed upon by deemed validly exercised only if Landlord and Tenant at the time Tenant gives shall have received written notice of its INITIALS ----------- MM / M ----------- exercise of such option and except that from Tenant shall have no further renewal rights unless otherwise agreed in writing by the parties. Notice of Tenant’s exercise of this option to extend the Lease Term for the Renewal Term must be sent to and received by Landlord at least on or before twelve (12) months prior to the expiration of the Amended original Term. TIME SHALL BE DEEMED TO BE OF THE ESSENCE IN CONNECTION WITH THE EXERCISE OF THIS OPTION. In the event of the exercise of this option, all terms and conditions of this Lease Term but not more than eighteen shall continue and remain in full force and effect during the three (183) months prior year option term, provided, however, that the minimum net monthly rental installments during the three (3) year option term shall be Twenty Two Thousand Eight Hundred Seventy One ($22,871.00) Dollars. Tenant is also a Tenant of Landlord in the adjacent premises commonly known as 0000 Xxxxxxxxx Xxxxx, under a Lease which is co-terminus with this Lease. The Lease for said adjacent premises also grants Tenant an option to extend the term of that Lease for an equal additional three (3) year period. Anything contained herein to the expiration contrary not withstanding Tenant's right and option to extend the term hereof is conditioned upon Tenant simultaneously exercising its option to extend the term of the Amended Lease Term. If Tenant fails to give Landlord said notice within the time provided in this Section or in the event that Landlord and Tenant are unable to agree upon the amount of the Base Rent for the Renewal Term, such option shall automatically become null and void0000 Xxxxxxxxx Xxxxx.

Option to Extend Lease Term. Provided that Tenant (a) is not in default of the Lease, as amended herein, beyond applicable notice and/or cure periods; and (b) has neither sublet nor assigned any interest in the Lease or in the Leased Premises or any part thereof to any party regardless of whether permitted as of right or consented to by Landlord, Tenant shall have the right and option to extend the Lease Term (the "Renewal Option") for one (1) 3-year additional period of sixty (60) months (the “"Renewal Lease Term”"); provided, however, such renewal Option is contingent upon the same terms and conditions as are applicable during the Lease Term except that the Base Rent for the Renewal Term shall be following: (1) Tenant is not in an amount to be mutually agreed upon by Landlord and Tenant default at the time Tenant gives Landlord written notice of its Tenant's intention to exercise the Renewal Option; (ii) upon the Expiration Date or the expiration of such option any Renewal Lease Term, Tenant has no outstanding default; (iii) no event has occurred that upon notice or the passage of time would constitute a default; (iv) Tenant is not disqualified by multiple defaults as provided in the Lease; and except that (v) Tenant is occupying the Premises. Tenant shall have no further renewal rights unless otherwise agreed in writing exercise each Renewal Option by the parties. Notice of Tenant’s exercise of this option to extend the Lease Term for the Renewal Term must be sent to and received by giving Landlord written notice at least twelve one hundred eighty (12180) months days prior to the expiration Expiration Date or the last day of the Amended Lease Term but not more than eighteen (18) months prior to the expiration of the Amended any Renewal Lease Term. If Tenant fails to give such notice to landlord prior to one hundred eighty (180) day period, then Tenant shall forfeit the Renewal Option. If Tenant exercises the Renewal Option, then during any such Renewal Lease Term, Landlord said notice within and Tenant's respective rights, duties and obligations shall be governed by the time provided in this Section or terms and conditions of the Lease. If Tenant exercises the Renewal Option, then during any such Renewal Lease Term, all references to the term "Term", as used in the event that Landlord and Tenant are unable to agree upon Lease, shall mean the amount of the "Renewal Lease Term". The Base Rent for the first year of the Renewal Lease Term shall be at one hundred three percent (103%) of the then current Rent being paid by Tenant in the final year of the Term, such option shall automatically become null and voidincreasing three percent (3%) per annum, provided Tenant gives notice of its exercise of the Renewal Option.

Option to Extend Lease Term. Provided 36.0 1 Providing that Tenant (a) is has not in default of the Lease, as amended herein, beyond applicable notice and/or cure periods; and (b) has neither sublet nor assigned any interest defaulted in the Lease terms or in the Leased Premises or any part thereof to any party regardless conditions of whether permitted as of right or consented to by Landlordthis Lease, Tenant shall have the one (1) option to extend the Term of this Lease from and after the expiration of the original Term for one a period of three (13) 3-year period (the “Renewal Term”)years. Should Tenant decide to exercise this option, upon the same terms and conditions as are applicable during the Lease Term except that the Base Rent for the Renewal Term shall be in an amount to be mutually agreed upon by deemed validly exercised only if Landlord and Tenant at the time Tenant gives shall have received written notice of its exercise of such option and except that from Tenant shall have no further renewal rights unless otherwise agreed in writing by the parties. Notice of Tenant’s exercise of this option to extend the Lease Term for the Renewal Term must be sent to and received by Landlord at least on or before twelve (12) months prior to the expiration of the Amended original Term. TIME SHALL BE DEEMED TO BE OF THE ESSENCE IN CONNECTION WITH THE EXERCISE OF THIS OPTION. In the event of the exercise of this option, all terms and conditions of this Lease Term but not more than eighteen shall continue and remain in full force and effect during the three (183) months prior year option term, provided, however, that the minimum net monthly rental installments during the three (3) year option term shall be Seventeen Thousand Fifty ($17,050.00) Dollars. Tenant is also a Tenant of Landlord in the adjacent premises commonly known as 0000 Xxxxxxxxx Xxxxx, under a Lease which is co-terminus with this Lease. The Lease for said adjacent premises also grants Tenant an option to extend the term of that Lease for an equal additional three (3) year period. Anything contained herein to the expiration contrary not withstanding Tenant's right and option to extend the term hereof is conditioned upon Tenant simultaneously exercising its option to extend the term of the Amended Lease Term. If Tenant fails to give Landlord said notice within the time provided in this Section or in the event that Landlord and Tenant are unable to agree upon the amount of the Base Rent for the Renewal Term, such option shall automatically become null and void0000 Xxxxxxxxx Xxxxx.

Option to Extend Lease Term. Provided that Tenant (a) is not in default of the Lease, as amended herein, beyond applicable notice and/or cure periods; and (b) has neither sublet nor assigned any interest in the Lease or in the Leased Premises or any part thereof to any party regardless of whether permitted as of right or consented to by Landlord, Tenant shall have the option to extend the Lease Term Agreement, including Addendum I and II and this Addendum III, for one an additional term of five (5) years, from March 31, 1997 to March 31, 2002. Tenant may exercise such option to extend the lease term as follows: If Tenant notifies Landlord prior to June 1) 3-year period (, 1993, Tenant shall have the “Renewal Term”), upon right to extend the same lease on the existing terms and conditions conditions, subject to determination of the rental rate as are applicable during follows. The rate will be the Lease Term except that sum of the Base Rent effective rates in effect May 31, 1997, for the Renewal Term Original Lease and Addendum II and III with a reduction of $5,816.88 MONTHLY. The rate for all subsequent years will be the current effective base rate plus the annual adjustment in the CPI for Houston SMSA, not to exceed five percent (5%) per year, based on the previous 12 months. If Tenant exercises its option hereunder, the twenty-thousand ($20,000.00) dollar security deposit secured by the Irrevocable Letter of Credit from Texas Commerce Bank (G-111 419) dated February 8, 1988, shall be in an amount extended from the expiration of June 30, 1997, to June 30, 2002. If Tenant does not exercise the above option by June 1, 1993, Tenant must notify the Landlord ninety (90) days prior to the original termination date of the lease to have the right to extend the lease on the existing terms and conditions, subject to determination of the rental rate as agreed by the fair market value as follows: The fair market value shall be as mutually agreed upon by Landlord and Tenant at the time within fifteen (15) days after Tenant gives notice of exercises its exercise of such option and except that Tenant shall have no further renewal rights unless otherwise agreed in writing by the parties. Notice of Tenant’s exercise of this option to extend the Lease Term for the Renewal Term must be sent to and received by Landlord at least twelve (12) months prior to the expiration of the Amended Lease Term but not more than eighteen (18) months prior to the expiration of the Amended Lease Termrenew. If Tenant fails to give Landlord said notice within the time provided in this Section or in the event that Landlord and Tenant parties are unable to agree upon the amount fair market value of the Base Rent Premises, Landlord and Tenant shall each appoint an appraiser who is knowledgeable in commercial property values in the area in which the Premises are located and the two appraisers shall, then within ten (10) days after their selection, agree upon the fair market value of the Premises. If they are unable to agree, they shall appoint a third appraiser with the same qualifications and the three appraisers shall then, within fifteen (15) days thereafter, prepare appraisals of the Premises. The average of the three appraisals shall be used as the fair market value of the Premises for the Second Option Period; provided, however, that if any appraiser's estimate is either (a) less than ninety percent (90%) of the average figure, or (b) more than one hundred ten percent (110%) of such average then the fair market value of the Premises will be the average of the remaining figures which are between ninety percent (90%) and one hundred and ten percent (110%) inclusive of the average figure even if only one estimate remains. If all figures fall outside of the range between ninety percent (90%) and one hundred ten percent (110%), then the middle figure of the three appraisals shall be the fair market value even if the middle figure is the same as the higher or lower figure. Landlord and Tenant shall each bear the cost of its appraiser and shall share equally the cost of the third. After the Renewal Term rent for any Renewal Term has been determined in accordance with the provisions set forth herein, Landlord shall promptly give Tenant written notice of the annual renewal rent for the Renewal TermTerm and Tenant shall thereafter have fifteen (15) days to decide whether the reaffirm or cancel its exercise of the option to renew by written notice of the Landlord. If Tenant exercises its option hereunder, such option the twenty-thousand ($20,000.00) dollar security deposit secured by the Irrevocable Letter of Credit from Texas Commerce Bank (G-111 419) dated February 8, 1988, shall automatically become null be extended from the expiration of June 30, 1997, to June 30, 2002. This Addendum III, and voidthe Lease Agreement dated December 4, 1986, and Addendum I and II to the Lease Agreement constitute the entire understanding between the parties with regard to leasing space at 10301 Stella Link, Suite 110, Houston, Harris County, Texas. Default xxxxx xxx xx xxx xxxxxxxxx xxxxxxxxxx xxxx xxxxxxxxxx xxxxxlt under all of the agreements. Except for the foregoing changes, all of the covenants, terms and conditions of the prior Lease Agreement, and Addendum I and II remain the same. Landlord: MAIN LINK BUSINESS PARK ASSOCIATES By: /s/ JAMES E. STUBBS ATTEST: /s/ RHONDA SHAW Xxxxx X. Stubbs Assistant Vice President Xxx: XXXXA INVESTMXXXX, XXX. (XXXAGING PARTNER) (SUCCESSOR TO ALTA MAIN LINK INVESTMENTS, INC.) Tenant: TANOX BIOSYSTEMS, INC. By: /s/ NANCY T. CHANG ATTEST: ?????????? Xxxxx X. Xxxxg -- President DESCRIPTION OF LEASE PXXXXXXX -- XXXIBIT "A" Description Lease Premises are located in Building # 10301 Stella Link which is part of Main Link Business Park situated on a tract containing 4.1684 acres out of that certain 22.2444 acre (984,966 square feet), more or less, tract, land located in Harris County Texas, conveyed from Marvin H. McMurry, Jr. et al, to Mxxx Xxnk Business Center Associates xx xxxx xxxxx Xxxx 0, 1982, and recorded under Clerk's File No. H471470 of the Harris County Deed Records, to which deed and the record thereof refexxxxx is here made for all purposes. TANOX - PHASE I (Approx. 4032 SF) LEASE ADDENDUM PREMISES (Approx. 8013 SF) LEASE ADDENDUM III APPROX. 6569 SF Fischer & Porter XxXXXXXX STELLA LINK XXXXXXX "X" PHASE III EXPANSION Build-out of improvements to the Phase III expansion is intended to provide for additional production capabilities, general administrative areas, storage space, or other research and development-related activities. Because Tenant intends to produce certain pharmaceutical products for human use, a part of the planned build-out must be undertaken with due consideration of applicable Food and Drug Administration requirements, including current Good Manufacturing Practices. Build out is planned to occur in the following stages:

Option to Extend Lease Term. Provided that Tenant (a) is not in default of the Lease, as amended herein, beyond applicable notice and/or cure periods; and (b) has neither sublet nor assigned any interest in the Lease or in the Leased Premises or any part thereof to any party regardless of whether permitted as of right or consented to by Landlord, Tenant shall have the option to extend the initial term of this Lease Term with respect to any of the Premises that Tenant may elect to continue to lease from Landlord for one three (13) 3-year period additional, successive periods of five (5) years each (each, an “Extension Period”) on the “Renewal Term”same terms, covenants and conditions of this Lease. In the event Tenant elects to exercise the option(s), upon the same terms and conditions as are applicable during the Lease Term except that the Base Rent for the Renewal Term shall be in an amount to be mutually agreed upon by Landlord and Tenant at the time Tenant gives notice of its exercise of such option and except that Tenant shall have no further renewal rights unless otherwise agreed in writing by the parties. Notice provide Landlord written notice of Tenant’s exercise of the option(s) not less than ninety (90) days prior to the end of the then-current term, such notice shall identify each of the Premises which Tenant has elected to remain subject to this Lease during the applicable Extension Period and is to be given in the manner provided in Section 25.04 of this Lease. Provided that Tenant has duly execised its option to extend the term of this Lease Term for as set forth herein and further provided that Tenant is not in default under this Lease at the Renewal Term must be sent to and received by Landlord at least twelve (12) months prior to the expiration end of the Amended then current term of this Lease, this Lease Term but not more than eighteen (18) months prior shall be amended to reflect the expiration exclusion of any of the Amended Premises from the Lease Termand the corresponding reduction in the Annual Rent in connection with Tenant’s exercise of the applicable extension option. If Tenant fails Tenant’s right to give Landlord said notice within exercise the foregoing option(s) is conditioned upon Tenant’s performance of all of the duties and obligations on its part to be performed under this Lease so that, at the time provided of the exercise of such options, Tenant shall not be in this Section or in default hereunder. In the event that Landlord and Tenant are unable elects to agree upon extend the amount initial term of this Lease, the Base Annual Rent for the Renewal Term, such option shall automatically become null and voidcontinue to be adjusted as provided in Section 6.02 of this Lease.

Option to Extend Lease Term. Provided that A. Landlord hereby grants to Tenant two (a2) is not in default of options (hereinafter referred to collectively as the Lease, “Options” and each individually as amended herein, beyond applicable notice and/or cure periods; and (ban “Option”) has neither sublet nor assigned any interest in the Lease or in the Leased Premises or any part thereof to any party regardless of whether permitted as of right or consented to by Landlord, Tenant shall have the option to extend the term of this Lease Term for one an additional period of thirty-six (136) 3-year period consecutive months each (hereinafter referred to collectively as the “Renewal Extensions” and each individually as an “Extension”). The proper and valid exercise of the first of the Options (hereinafter referred to as the “First Extension Option”), shall extend the term of this Lease from the expiration date of the initial term of this Lease for a period or thirty-six (36) consecutive months thereafter (hereinafter referred to as the “First Extension Term”). The proper and valid exercise of the second of the Options (hereinafter referred to as the “Second Extension Option”) shall extend the term of this Lease from the expiration date of the First Extension Term for a period of thirty-six (36) consecutive months thereafter (hereinafter referred to as the “Second Extension Term”). In this regard, upon the same terms and conditions as are applicable during the Lease Term except that the Base Rent for the Renewal Term shall be in an amount to be mutually agreed upon by Landlord and Tenant at hereby stipulate, acknowledge and agree that, if the time First Extension Option is properly exercised by Tenant gives notice as provided for hereinbelow, the First Extension Term shall commence on the day immediately following the expiration date of its exercise of such option and except that Tenant shall have no further renewal rights unless otherwise agreed in writing by the parties. Notice of Tenant’s exercise initial term of this option to extend Lease, and shall end and terminate on the Lease last day of the thirty-sixth (36th) full month following such date, and that if the Second Extension Option is properly exercised by Tenant as provided for hereinbelow, the Second Extension Term for shall commence on the Renewal Term must be sent to and received by Landlord at least twelve (12) months prior to day immediately following the expiration date of the Amended Lease Term but not more than eighteen (18) months prior to First Extension Term, and shall end and terminate on the expiration last day of the Amended Lease Term. If Tenant fails to give Landlord said notice within the time provided in this Section or in the event that Landlord and Tenant are unable to agree upon the amount of the Base Rent for the Renewal Term, thirty-sixth (36th) full month following such option shall automatically become null and voiddate.

Option to Extend Lease Term. Provided that Tenant (a) is not then in default of the Lease, as amended herein, beyond applicable notice and/or cure periods; and (b) has neither sublet nor assigned under any interest term or provision contained in the Lease or in the Leased Premises or beyond any part thereof to any party regardless of whether permitted as of right or consented to by Landlordapplicable notice and cure period, Tenant shall have the option three (3) options to extend the Lease Term (each, an “Extension Option”) for one a period of five (15) 3-year period years each (the each, an “Renewal Option Term”), upon ) for all of the space then under the Lease under the same terms and conditions as are applicable during the Lease Term except that for the Base Rent for Rent. If Tenant wishes to exercise the Renewal Term shall be in an amount to be mutually agreed upon by Landlord and Tenant at the time Tenant gives notice of its exercise of such option and except that Extension Option, Tenant shall have deliver written notice to Landlord no further renewal rights unless otherwise agreed in writing by the parties. Notice of Tenant’s exercise of this option to extend the Lease Term for the Renewal Term must be sent to and received by Landlord at least twelve less than six (126) months prior to and no more than nine (9) months before the expiration of the Amended Lease Term but not more than eighteen then existing term (18) months prior to the expiration of the Amended Lease Term“Exercise Notice”). If Tenant fails to give Landlord said notice within timely deliver the time Exercise Notice, Tenant shall be considered to have elected not to exercise the Extension Option. The monthly Base Rent payable during each Option Term shall be determined for each option based on the following annual escalation schedule: · First Option Term— $0.03 per rentable square foot initial increase and annual escalations. · Second Option Term - $0.04 per rentable square foot initial increase and annual escalations. · Third Option Term - $0.05 per rentable square foot initial increase and annual escalations. Except for Base Rent at the new rates, all of the terms and conditions of the Lease shall remain the same and shall remain in full force and effect throughout the Option Term; provided, however, that any free rent, improvement allowances, moving allowances, lease assumption payments, plan design allowances (or payments), expansion options, opportunity rights or other similar concessions provided for in the Lease shall not apply during any Option Term. The rights contained in this Section shall be personal to the originally named Tenant and may be exercised only by the originally named Tenant (and not any assignee, sublessee, or other transferee of Tenant’s interest in the event that Landlord and Tenant are unable to agree upon the amount of the Base Rent for the Renewal Term, such option shall automatically become null and voidthis Lease).