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16 <br /> property or assets of Tenant under the terms of any instrument or <br /> agreement. <br /> (iii) Tenant intends to operate the Premises or to <br /> cause the Premises to be operated to the expiration or sooner <br /> termination of the Term as provided herein for the manufacture of <br /> such products as Tenant may deem appropriate. <br /> (iv) Tenant will hire and employ on the Premises <br /> approximately 60 to 70 employees during the first year of its <br /> occupancy of the Premises. Tenant will hire and employ on the <br /> Premises approximately 90 to 100 employees within two to three <br /> years of its occupancy of the premises. <br /> (v) Tenant projects paying an average wage for <br /> all employees that it employs on the Premises to be $12 .80 an <br /> hour and $9 . 13 per hour excluding salaried, managerial/supervisor <br /> positions. <br /> (vi) Tenant will invest $2. 14 million in equipment <br /> and improvements to the Premises, will invest in and maintain <br /> approximately $3 million in inventory on the Premises and expects <br /> to have invested approximately $3.5 million in accounts <br /> receivable as the result of its operations on the Premises. <br /> (vii) It is anticipated that local (1%) sales tax <br /> revenue of approximately. $220,000 will be paid by Tenant by the <br /> conclusion of the first year of its occupancy of the Premises and ,. <br /> that these sales tax revenues paid are projected to increase to <br /> $340,000 by the conclusion of the second year of its occupancy of <br /> the Premises and $400,000 by the conclusion of its third year of <br /> occupancy of the Premises. <br /> 4. Maintenance and Modifications. <br /> a. Tenant agrees that during the Term it will, at its <br /> own expense, except as to rent set-offs expressly provided for in <br /> this Lease, (i) keep the Premises in reasonably safe condition <br /> and (ii) keep the building and all other improvements forming a <br /> part of the Premises in good repair and in good operating <br /> condition, making from time to time all necessary repairs thereto <br /> (including external and structural repairs) and renewals and <br /> replacements thereof. Tenant may, also at its own expense, make <br /> from time to time any additions, modifications or improvements to <br /> the Premises it may deem desirable for its business purposes that <br /> do not adversely affect the structural integrity of any buildings <br /> or structures located on the Premises or substantially reduce the <br /> value of the Premises; provided that all such additions, <br /> modifications and improvements to the Premises shall be located <br /> wholly within the boundary lines of the Premises. All such <br /> additions, modifications and improvements so made by Tenant shall <br /> become a part of the Premises; provided that any item of personal <br /> property, machinery, equipment, furniture or fixture installed by <br /> Tenant for its business purposes without expense to Landlord <br /> 6 <br />