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10) SIGNAGE: None required. <br />11) OPERATING COSTS: Pact Charter School will pay for their own electrical <br />useage, trash, and snowplowing and heat for the one heated <br />bay. All other utilities are included in the gross rent. <br />14) FEE'S: <br />Marty Fisher <br />Direct (763) 862 -2005 <br />Landlord shall pay Premier Commercial Properties, Inc. a <br />Leasing fee of 5% of the total rent for the term which is due <br />upon Lease Commencement. <br />15) INSURANCE: As required by the lease, to include liability and property <br />insurance. <br />Both Pact Charter School and Landlord intend to negotiate diligently and <br />enter into a formal lease agreement no later than June 30 2013.. We hope that these <br />terms are generally acceptable and that we can move forward in finalizing a lease. We <br />also hope you understand that this is a non - binding letter of intent, and that the only <br />binding agreement between both parties will be the completed and signed Lease. <br />Please indicate your understanding and acceptance of these general terms by signing <br />below and returning to my attention. <br />Fax (763) 862 -1925 <br />Page 3 of 3 <br />BUILDING OWNER: <br />