“Renewal Term. Lessor hereby grants to Lessee the right to renew this Lease until December 23, 2023 for the base rent amount of Three Thousand Dollars and 59/100 ($3,000.59) per month (the “Option Term”). After the Option Term, this Lease shall automatically renew unless Lessee gives notice of termination as set forth in [Section 3.3] of this Lease (each a “Renewal Term” and collectively, the “Renewal Terms”). The terms and conditions for the Option Term and each Renewal Term shall be the same as for the Initial Term hereof, however the monthly rental payment shall be the rental payment then in effect, as adjusted pursuant to the procedure described in [Section 4.1] in this Lease.”
“Rent During Initial, Option and Renewal Term. After the fifth anniversary of the Lease Commencement Date, the Lessee and Lessor hereby grants to Lessee the right to renew this Lease until December 23, 2023 formay renegotiate the base rent amount(the “Rent”) annually; provided, however, that Lessee shall be provided with at least thirty (30) days written notice of Three Thousand Dollarsany Rent increase prior to it becoming effective. Rent during the Option Term shall be and 59/100 ($3,000.59)() per month (the “Option Term”). After the Option Term, this Leasemonth. Rent to be paid by Lessee to Lessor after shall automatically renew unlessbe renegotiated annually. Lessee givesshall be provided with at least thirty (30) days written notice of termination as set forth in [Section 3.3] of this Lease (each a “Renewal Term” and collectively, the “Renewal Terms”). The terms and conditions for the Option Term and each Renewal Term shall be the same as for the Initial Term hereof, however the monthly rental payment shall be the rental payment then in effect, as adjusted pursuantany Rent increase prior to the procedure described in [Section 4.1] in this Lease.it becoming effective.”
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