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7. EXTENSIONS. This Agreement may be extended for up to three (3) additional five (5) -year terms (each a "Renewal Term "). Each Renewal Term shall be on the terms and conditions as set forth herein as follows: (i) If LESSOR, in its reasonable, good faith discretion determines that LESSEE's continued tenancy is not in conformity with LESSOR's intended use of the Property, LESSOR shall provide written notice to LESSEE that the Lease will not be extended at least six (6) months prior to the expiration of the initial term. (ii) Thereafter, each subsequent renewal term shall be subject to the following procedure: If LESSEE elects to extend the term, LESSEE shall provide LESSOR with written notice at least six (6) months prior to the end of the then- current term. Within sixty (60) days of receipt of LESSEE's notice, LESSOR shall determine whether such extension is in LESSOR's best interest and, if not in LESSOR's interest, LESSOR shall deny such extension request. If LESSOR does not respond to LESSEE's request in writing within such sixty (60) days, the Lease shall be deemed renewed for an additional Renewal Term. If neither party provides notice as set forth above, the Lease shall continue on a month -to -month basis. 8. GOVERNMENTAL APPROVALS. It is understood and agreed that LESSEE's ability to use the ;Premises is contingent upon its obtaining all of the certificates, permits and other approvals (collectively the "Govermnental Approvals ") that may be required by any Federal, State or local authorities as well as satisfactory soil boring tests which will permit LESSEE's use of the Premises as set forth herein. LESSOR shall cooperate with LESSEE in its effort to obtain such approvals and shall take no action, which would adversely affect the status of the Property with respect to the proposed use by LESSEE. Prior to the Commencement', Date, LESSEE shall have the right (but not the obligation) to enter the Premises for the purpose of malting necessary inspections and engineering surveys (and soil tests where applicable) and other reasonably necessary tests (collectively "Tests ") to determine the suitability of the Premises for LESSEE's Facilities and for the purpose of preparing for the construction of LESSEE's Facilities. In the event that any of such applications for such Governmental Approvals should be finally rejected or any Governmental Approval issued to LESSEE is canceled, expires, lapses, or is otherwise withdrawn or terminated by the governmental authority or soil boring tests are found to be unsatisfactory so that LESSEE will be unable to use the Premises for its intended purposes or LESSEE determines that the Premises is no longer technically compatible for its intended use or LESSEE, in its sole discretion, determines that the use the Premises is obsolete or unnecessary, LESSEE shall have the right to terminate this Agreement. Notice of LESSEE's exercise of its right to terminate shall be given to LESSOR in writing by certified mail, return receipt requested, and shall be effective upon the mailing of such notice by LESSEE. All rentals paid to said termination date shall be retained by LESSOR. Upon such termination, this Agreement shall become null and void and all the Parties shall have no further obligations including the payment of money, to each other. 9. APPROVAL OF PLANS. Prior to commencing construction of LESSEE's Facilities, LESSEE shall obtain LESSOR's approval of LESSEE's work plans ( "Plans "), which 45022333.1 Jerome Park