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_:: i._ _ • s._n.. H �:.. _ Y" s.,n.Y"rk:��xnIMCIn(FU4117.1 Tenant shall have the right, at its option, to extend the term of this lease for one three year period provided that (i) no default under this Lease has occurred and is Conti- nuing as of the date of the exercise of the option or as of the actual oomwncement date of the renewal term, and (ii) Tenant gives Oar written notice of its intent to extend the term of this Lease for an additional three year period not less than six months before the end of the ini- tial lease term. The renewal term shall be gummed by all of the provisions of this lease applica- ble to the initial term, except that the annual basic rent for such renewal term shall be the cur- rent market rent for comparable space in the Building or in similar buildings in the Santa Ana area as of coamencement of the renrewFnl. term. Annual basic rent during the renewal Germ shall be subject to the CPl mental Adjustment as set forth in Rider No. 1, on the first day of the 31st tenth of the renewal term. Owner shall inform Tenant of the current market rental by giving Tenant 60 days prior written notice. Unless Tenant objects in writing to Owner's statement of current market rental within 15 days after receipt thereof, the amount in Owner's statement shall be the basis for computing annual basic rent for the renewal. term. If Tenant objects to Owner"a statement of current market rental, Owner and Tenant shall use their (rest efforts to agree upon the market rents. If Owner and Tenant are unable to reach agreement as to market rents prior to the expiration of the initial term of this lease, Tenant my either pay the market rental amount initially proposed by Owner, or may terminate this lase notwithstanding that Tenant has given notice of its intent to exercise its option to extend. Upon the condition that Tenant shall have exercised its option to renew as described above, and further, subject to all the conditions above described, including the provisions for the establish- ment of market resat and rental increases, Tenant shall have the further right, at its option, to extend the term of this base for one additional period of throne years 0,pM'S INITIALS: MAW'S N TMS:--- MAR 1988