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May 1998 Rent Increase Calculations <br />Site No: CM- 024 -21 <br />Base Rent: $1,019.00 <br />Increase in rent amount is based on the percent of increase in the Consumer Price Index <br />between the periods fourteen (14) months before the anniversary of the commencement <br />date of the lease and two (2) months before the anniversary date as published by the <br />United States Department of Labor, Bureau of Labor Statistics for All Consumers for the <br />Los Angeles - Oakland -San Jose area. <br />March 1997 CPI = 159.8 <br />March 1998 CPI = 161.4 <br />$1,019.00 x 161.4 = $164,467 <br />$164,467 / 159.8 = $1029.20 <br />Rent Increase Percentage: 1.00% <br />Rent Increase Dollar Amt: $10.203 <br />Monthly rent for the year May 20, 1998 through May 19, 1999 is $1,030.00 <br />Prepaid rent effective July 1, 1996 $40,000.00 <br />Rent through May 31, 1997 @ $1,000 /mo -11,000.00 <br />subtotal $29,000.00 <br />Rent June 1, 1997 +proration 5/20 - 5/31/97 - 1,026.00 <br />subtotal $27,974.00 <br />Rent through May 31, 1998 @ $1019 /mo - 11,209.00 <br />subtotal $16,765.00 <br />Rent June 1, 1998 + proration 5/20 - 5/31/98 - 1,428.71 <br />Prepaid rent balance 6/30/98 $15,336.29 <br />C:\May98\CMCP1Ca1c <br />