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( i) Permitted Use : The Tenant shall use the Demised Premises for general office purposes <br /> only . <br /> (j ) Rent Commencement Date : The date on which possession of the Demised Premises <br /> is available to Tenant which date shall be the earlier of (i) March 15 , 2020 (the "Projected Rent <br /> Commencement Date" ), or (ii) the date upon which the Tenant shall first occupy any part of the Demised <br /> Premises for any purpose other than preparing the same for the conduct of business . <br /> (k) Effective Date : to . I AO C , the date of this Lease . <br /> ( 1) Expiration Date : The date which is the last day of the calendar month in which the fifth <br /> ( 5th) anniversary date of the Rent Commencement Date occurs, provided, however, if the Rent <br /> Commencement Date is on the first day of any calendar month , then the Expiration Date is on the day <br /> immediately before the fifth ( 5th) anniversary date of the Rental Commencement Date . Assuming the <br /> Rent Commencement Date is March 15 , 2020 , the Expiration Date is March 31 , 2025 . <br /> (in) Minimum Rent : The Minimum Rent payable during the first year of the Term of the <br /> Lease, commencing on the Rent Commencement Date, is the sum of $ 6 , 600 . 00 per annum , payable in <br /> equal, monthly installments . Rent will increase annually as follows : <br /> Annual Minimum Rent Monthly Installment <br /> Lease Year 1 $ 600 . 00 $ 550 . 00 <br /> Lease Year 2 $ 6765 . 00 $ 563 . 75 <br /> Lease Year 3 $ 6 , 934 . 13 $ 577984 <br /> Lease Year 4 $ 79107 . 48 $ 592929 <br /> Lease Year 5 $ 7 , 285 . 17 $ 607910 <br /> (n) Rent : Minimum Rent, Additional Rent, and any and all additional sums of money payable <br /> by Tenant to Landlord under the terms of this Lease . <br /> (o) Lease Year : Lease Year 1 is the period commencing on the Rent Commencement Date <br /> and ending on the date immediately preceding the one year anniversary thereof, provided however, if the <br /> Rent Commencement Date occurs on a date other than the first day of a calendar month, then Lease Year <br /> 1 shall be the period beginning on the Rent Commencement Date and ending on the last day of the <br /> calendar month in which the first anniversary of the Rent Commencement Date occurs . Each Lease Year <br /> thereafter shall be a successive twelve calendar month period . <br /> (p) Additional Rent : All sums of money whatsoever other than Minimum Rent due and <br /> payable by Tenant to Landlord under this Lease . <br /> (q) Security Deposit : The sum of $ 550 . 00 to be held and used in accordance with article 19 <br /> hereof. <br /> (r) Omitted . <br /> ( s) Omitted . <br /> (t) Omitted <br /> (u) Fit-Up Allowance : Landlord will complete a turn-key fit-up consistent with Exhibit F , <br /> entitled Landlord Work at Landlord ' s sole expense . <br /> OCAC Lease Page 2 <br />