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determination of the Option Period rental rate as provided herein <br />d. Base Rent. Tenant shall pay to Landlord as Rent due on the first day of each month the <br />monthly sum according to the following: <br />Year one Year two Year three <br />Start January t,2O2t Start January I,2422 Start TBD <br />End December 31, <br />2021 <br />End December 3t,2022 End TBD <br />ss/sF 3,912 sf SS/SF 3,912 sf SS/sr 3,912 sf <br />So.os 5z,s+z.ao 5o.es 52,s4z.go TBD TBD <br />Due Date and Late Charge. Rent is due and payable on the first day of each month <br />beginning on the Commencement Date and continuing through the lease term or any <br />renewal or extension thereof. ln the event Tenant fails to pay any installment of Rent <br />or any other sum due on or before the tenth (10th) day of the month for which it is <br />due, Tenant shall pay to Landlord a penalty of ten percent (L0%) of the amount due <br />per month. <br />f. Prepaid Rent. There is no prepaid rent for this lease. <br />g. Security Deposit. The Landlord holds a security deposit from Tenant in the amount of <br />52,542.80.lf Tenant breaches any covenant or condition of this Lease, including but <br />not limited to the payment of Rent, Landlord may apply all or any part of the security <br />deposit specified above to the payment of any sum in default and any damage <br />suffered by Landlord as a result of Tenant's breach. ln such event, Tenant shall, within <br />five (5) days after written demand by Landlord, deposit with Landlord the amount so <br />applied. Any payment to Landlord from the security deposit shall not be construed as <br />a payment of liquidated damages for any default and in no way limits Landlord's <br />remedies or rights to recovery. Landlord may apply all or any part of the security <br />deposit to repair or replace any missing or damaged fixture or to perform any <br />unfulfilled obligation of Tenant under the lease. <br />h. Leasehold Tax Assessments, ln additien te the base rent due per menth; Tenant <br />Not Applicable <br />Acceptance. Landlord's acceptance of less than the full amount of any payment due <br />from Tenant shall not be deemed an accord and satisfaction or compromise of such <br />payment unless Landlord specifically consents to such in writing. <br />2. USE OF PREMISES. <br />2 <br />EBDA Airport Building Commercial Lease