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DocuSign Envelope ID:234B0168-7DD8-4F95-A2D1-25D37F4A4C22 <br /> (_) CPI. To reflect any increase in the Consumer Price Index, Urban Wage Earners and <br /> Clerical Workers, All Cities (CPI-W, 1982-1984=100) (the "Index"), by multiplying the annual <br /> rent then in effect by a fraction, the numerator of which shall be the value of the Index for the <br /> month which is two (2)months prior to the next Lease Year Anniversary, and the denominator of <br /> which shall be the value of the Index for the month which is two (2)months prior to the previous <br /> Lease Year Anniversary. For the purpose of determining the adjustment on the first Lease Year <br /> Anniversary, the denominator of such fraction shall be value of the Index for the month which is <br /> two (2) months prior to the first full month of the Term. Notwithstanding the foregoing, in no <br /> event shall annual rent be reduced at any time during the Term by reason of any decrease in the <br /> value of the Index. In the event the Index ceases to be published,there shall be substituted for the <br /> Index a measure published by the US Department of Labor which most nearly approximates the <br /> Index. <br /> (X)Other. Annual Rent shall increase by three percent (3%) effective on April of each <br /> renewal year,if any. <br /> Unless and until Landlord shall otherwise notify Tenant, in writing, all rent, additional rent and <br /> other charges, if any, due and owing pursuant to the terms of this Lease shall be (a) paid in cash or by <br /> personal or business check, official bank check, money order or other form of certified check made <br /> payable to Landlord, or order, and (b) delivered to the following address on or prior to the first day of <br /> each month during the Term(unless another due date is expressly specified in this Lease): <br /> 105 West Corbin Street,LLC <br /> c/o Sentry Property Management,LLC <br /> 960 Corporate Drive, Suite 404 <br /> Hillsborough,NC 27278 <br /> 4. LATE PAYMENT CHARGES. If Landlord fails to receive any payment of rent within ten <br /> (10) days after it is due, Tenant shall pay to Landlord, as additional rent, a late payment charge in an <br /> amount equal to five percent (5%) of the overdue amount, plus any actual bank service fees or charges <br /> incurred by Landlord by reason of any returned or dishonored check. The parties agree that the above- <br /> stated late payment charge represents a fair and reasonable estimate of the cost Landlord will incur by <br /> reason of any such late payment. <br /> 5. SECURITY DEPOSIT. This Lease does not require a security deposit from Tenant. <br /> 6. UTILITIES AND SERVICES. <br /> (a) Tenant shall pay the following utilities and services with respect to the Premises: <br /> All electric,telephone, cable and internet, and all interior cleaning. <br /> (b) Landlord shall pay the following utilities and services with respect to the <br /> Premises: All water and sewer and exterior lighting. <br /> The responsibility to pay for any utility service shall include all metering, connection and other <br /> miscellaneous fees and/or charges associated with the installation and maintenance of such utility service <br /> in addition to any monthly or other periodic service or use fee or charge. <br /> 7. COMMON AREA COSTS. (_) CHECK IF APPLICABLE. The Premises are part of a <br /> larger building or group of buildings that share common area maintenance costs. Consequently, Tenant <br /> shall pay, as additional rent, the following pro-rata share of common area maintenance costs:_. <br /> 2 <br />