Rent: Base Rent and Tenant’s Proportionate Share of Operating Charges and Tenant’s Proportionate Share of Real Estate Taxes.

Commencing on the Term Commencement Date, Tenant shall pay to Landlord the sums set forth in Section 2.3 as Base Rent for the Premises, subject to the abatement of Base Rent to the extent set forth in Section 8 below. Base Rent shall be paid in equal monthly installments as set forth in Section 2.3, each in advance on the first day of each and every calendar month during the Term. For the avoidance of doubt, Tenant’s payment of Base Rent for the first (1st) month of the Term shall be delivered to Landlord on the Term Commencement Date.

Following approval of the Final Total Development Cost Budget and the Final TI Cost Budget pursuant to Section 3.2 of the Work Letter, ​ shall deliver to ​ a notice updating the Preliminary Base Rent set forth in Section 1.8 of the Work Letter to reflect the determination of the initial annual Base Rent based upon the approved Final Total Development Cost Budget (the “FTDCB Preliminary Base Rent”).

Reconciliation of ​ Improvement Allowance. The parties acknowledge that the final ​ Improvement Allowance may be more or less than the estimated ​ Improvement Allowance depending on whether the final rentable square footage of the Premises is more or less than the estimated rentable square footage. Upon Substantial Completion of the ​ Improvements and final determination of the rentable square footage of the Premises, any shortfall due to ​ as a result of adjustments to the ​ Improvement Allowance shall be paid to ​ with the next payment of Base Rent, and any refund due to ​ as a result of adjustments shall be deducted by ​ from ​’s next payment of Base Rent. Disbursements of the ​ Improvement Allowance shall be made pari passu with disbursements of the ​’s Contribution Deposit from the TI Account provided that such disbursements of the ​ Improvement Allowance are otherwise permissible pursuant to this Work Letter.

Base Rent: an annual amount payable as follows:

* The Base Rent for the period commencing on November 1, 2021 and continuing through and including October 31, 2023 is calculated based on 159,891 rentable square feet in the Premises, notwithstanding that Tenant is leasing the entire Premises (consisting of 234,892 rentable square feet (such amount of Base Rent that Tenant is not obligated to pay due to such reduced rentable square footage calculation is the "Partial Base Rent Abatement")); provided, however, that Tenant shall pay Tenant's Share of Operating Expenses and Tax Expenses and all other Additional Rent based on 234,892 rentable square feet in the Premises for the entire Lease Term, as amended, and provided further, however, the amortized portion of the Partial Base Rent Abatement shall be repaid by Tenant to Landlord

Thereafter, Base Rent and Additional Rent shall be payable in advance on the first day of each month during the Lease Term. Base Rent and Additional Rent for any partial month during the Lease Term shall be prorated to reflect the number of days during the relevant month. Payment by [[Organization B:Organization]] or receipt by [[Organization A:Organization]] of any amount less than the full Base Rent or Additional Rent due from [[Organization B:Organization]], or any disbursement or statement on any check or letter accompanying any check or rent payment, shall not in any event be deemed an accord and satisfaction. [[Organization A:Organization]] may accept such check or payment without prejudice to [[Organization A:Organization]]’s right to recover the balance of such rental or pursue any other remedy provided in this Lease.

Adjustments to Base Purchase Price

Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law:

Adjustments. The number of shares of Common Stock issuable for each DSU and the other terms and conditions of the grant evidenced by this Agreement are subject to adjustment as provided in Section 11 of the Plan.