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Schedule ",J-1" Extension Ontions I. Grant of Option. Subject to all of the terms and conditions of this Schedule "J -V, in connection with Tenant's lease of the Premises, Tenant shall have two (2) options (each an "Extension Option") to extend the term of this Lease as to the entire Premises then subject to this Lease, each for an additional term (each "Extension Term") of sixty (60) months, subject to and upon the terms and conditions contained in this Schedule 'd_I ". The Extension Term shall commence upon the day immediately following die then scheduled Expiration Date, and shall be upon the some terms and conditions as are provided for in this Lease, as then amended, except that: (a) if Tenant fails to timely exercise the Extension Option, the Extension Option (and any other rights to extend or renew the Term) shall lapse and Tenant shall have no further right to extend the Term of the Lease, (b) there shall be ne further options to extend the Term pursuant to this Schedule `7-I" or otherwise following the second (2"a) Extension Term, (c) Tenant shall not be entitled to any credit against Rent or any other rent concession or rent allowance or abatement of Rent, except as specifically provided in the definition of the FMRR, (d) the Base Rent for the Extension Term shall be as provided in Section 3 of this Schedule "J- 1 ", and (e) the Base Year for the Extension Tenon shall be the calendar year in which the Extension Term commences. 2 Exercise. An Extension Option may be exercised only by Tenant giving written notice of exercise (an "Extension Notice") to Landlord on or before the date that is not more than twelve (12) and not less than nine (9) months prior to the then scheduled Expiration Date, If Tenant does not deliver on Extension Notice to Landlord within ilia time period set Porth above (time being of the essence), then Tenunt shall be deemed to have forever waived and relinquished the Extension Option, and any other options or rights to renew or extend the Term effective after the (lien Expiration Date shall terminate. 3 Annual Rase Rent. The Base Rent payable for the Premises during an Extension Term (the "Extension Term Rase Rent") shall be equal to (a) the Rentable Area of the Premises then subject to this Lease, multiplied by (b) the FMRR of the Premises as of die first day (an "Adjustment Date") of such Extension Term, and shall be determined as follows. 3.1 if Tenant duly exercises the Extension Option, Landlord shall within thirty (30) days thereafter, deliver to Tenant a written notice (a "Market Ren( Notice") of Landlord's determination of what Landlord than believes the FMRR (and Extension Term Base Rent) would be for the Premises during the Extension Term. 3.2 Within ten (10) days after Tenant's receipt of a Market Rent Notice, Tenant shall deliver to Landlord written notice (a "Market Rent Response Notice") eleeting either: (a) to accept the FMRR (and Extension Term Base Rent) set forth in the Market Rent Notice, in which case the FMRR (and Extension Term Base Rent) 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 (and Extension Term Banc Rent) shall be determined in accordance with Schedule "J-3". 3.3 If Tenant fails to deliver Tenant's Market Rent Response Notice within ten (10) days alter its receipt of a Market Rent Notice (or fails in its Market Response Notice to expressly reject Landlord's determination of the FMRR (and Extension Temn Base Rent) set forth in a Markct Rent Notice), Tenant shall conclusively he deemed to have accepted Landlord's detamnination of the FMRR (and Extension Term Base Rent) set forth in the Market Rent Notice. 801 n- Chk Center pr— Cit- !/Santa. I na Lerrre Exhibit J