EMPLOYMENT DEVELOPMENT DEPARTMENT (4)

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Sehedole " d-1" Ext milml Ontlol I. Grant nl' Ontlmi Sobjeat to all of mite terms and conditions of this Schedule 1.1', In connection with Tenant's lease or the Premises, Tenant shill have two (2) options (each an "Extension Option") to extend the term orfhis Lease as to the entire Premises flea subject to this Lease, each for on additional term (ouch "Extension Term") of sixty (40) months, subject to and upon tiro terms and conditions contained in this Schedule '_•) I' . The Extension ]'arm shall commence upon the day Immediately following the then scheduled Expiration pate, and almll be open the same terms and conditions as are provided for in this Lease, as then amended, except that; (a) If Tenant rolls to timely excralse the Extension Dplion, the Extension Option (and any other rights to extend or renew the Term) shall lapse and Tenant shall hove no further right to extend Ilse Tenn of the Lease, (b) there shall be no tivther options to extend the Term pursuant to this Schedule "1•I" or otherwise following the second (led) Extension Term, (a) Tenant shall not be entitled to any credit against Rent or any other rant concession or rent allowance or nbatemenl of Rent, except as spceiifcadly provided in the definition of the FMRR, (d) the Base Rent for the Extension Term shall he as provided in Section of this Schedule "3. L" and (a) the Base Year for the Extension Term shall be the calendar year In Welt the Extension Tonn commences. 2 Exercise. Au Extension Option may be exercised only by Tenant giving written notice ofexerclse (tall "Extension Notice") to Landlord on or before the Iola that is not more than twelve (12) slid not less than nine (9) mouths prior to the then scheduled Expiration Data, If Tenant dons not deliver oil Extension Notice to Landlord within the dine period set fordo above (time being of the essence), then Tenant shall be deemed to have forever waived and relinquished the Extension Option, and any other options or rights to renew or extend the Term eflbotive after the then Expiration Date shall tenninate. 3 Aonia7l ))sac Renl. 'Ilia Base Rent payable for the Premises during an Extension Tenn (the "Extension Term Base Rent") shall be equal to (a) the Rentable Arco of rho Prendses then subject to this Lease, multiplied by (b) the FMRR of the Premises as of the First day (an "Adjustment Date") ofsnch Extension Tern, and shall be determined Be follows. 3.1 1f Temnt duly exercises the Extension Option, Landlord shall within thirty (30) days thereafter, deliver to Tenant a written notice (u " Morlmt Rent Notice") of Landlord's determination of what Landlord then believes the FMRR (and Extension Term Base Rent) would be for the Promises do ring the Ex onion Term. 3.2 Within ten ( I0) days after Tenant's receipt of a Market Rent Notice, Tenant shall deliver to Landlord written Bence (a "Mmdeet Rent Respansa Nouea") electing cidicr: (a) to accept the FMRR (and Bxtenaion Term Base Rent) set forth in the Market Rent Notice, in which case the FMRR ("fad Exusnsbn Term Base Item) shall be as set forth in the Market Rent Notice, or (b) to reject Landlord's determination of the FMRR (and Extension Term Base Rent), In which case the FMRR (laid Extension Term Base Rent) shall be determined in accordancewilli c n .dtrle!L-r. 3.3 IfTenarm rails to deliver Tenant's Market Rent Response Notice within ten (10) days after its receipt are Market Rest Notice (or fails In its Market Response Notice to expressly reject Landlord's determination of Ilia FMRR (and Extension Tcmn Ease Beni) sot forth in a Market Rent Notice), Tenant shall ommlusively be deemed to have accepted Landlord's determination of the FMRR (and Extension Term Base Real) set forth in time Motion Rent Notice, ,xdr ONCh lr ConterAr—C'ilr n/lSnrrm aua Leave .2. 136N .1