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LEASE TERMS <br /> 1. PREMISES: <br /> Landlord hereby leases to Tenant, and his successors and assigns, and Tenant hereby <br /> leases from Landlord', for the Terms described in Item 2 of the Data Sheet and upon the <br /> conditions hereinafter provided,*the Premises described in Item 1 of the Data Sheet. <br /> 2, RENTABLE AREA: <br /> The Rentable Area of the Premises is estimated to be the paved surface area as part of the <br /> land set forth in Item 1 of the Data Sheet. The actual Rentable Area of the Premises consists of <br /> 18611 square'feet in Parcel 1 and 14,015 square feet in Parcel 2, totaling 32,626 square feet. <br /> 3. LEASEHOLD IMPROVEMENTS: <br /> Tenant is taking the premises "AS IS"and Landlord shall not be obligated to do any work <br /> in the Premises. The Tenant shall maintain the Premises•as an outdoor storage facility and <br /> parking lot and shall ,not make any structural changes or make any alteration, decoration, <br /> addition or improvement to the Premises without the prior written consent of Landlord, which <br /> consent shall not be unreasonably withheld. <br /> 4. TERM: <br /> The term of this Lease shall be as-described in Item 2 of the Data Sheet above (the <br /> "Initial Term") and shall commence upon the "Commencement Date" as described in Item 3 of <br /> the Data Sheet above. <br /> 5. OPTIONS: <br /> Provided Tenant is not in default hereunder and has performed all of its covenants and <br /> obligations hereunder, Tenant may extend the Initial Term of this Lease (hereinafter, the <br /> "Options") for an indefinite number of two (2) year Options as to Parcel 1 and an indefinite <br /> number of two (2) .year Options as to Parcel 2, subject to Landlord and Tenant Agreement. Each <br /> Option period shall commence on the first day after the expiration of the Initial Term (the <br /> "Expiration Date")upon the terms and conditions, of the Lease, except as set forth below. <br /> Tenant shall exercise the first two (2) year Option only by giving written notice to <br /> Landlord not later than 90 days prior to the expiration of the Initial Term ("Expiration Date"), <br /> and a similar 90 days notice for each Option thereafter. <br /> 6. TERMINATION. <br /> Tenant shall have the right to terminate the Lease on Parcels 1 and 2, or on Parcel 1, or <br /> on Parcel 2, upon providing to Landlord a written notice at least one-year priof to the proposed <br /> date of termination of the Lease. <br /> 5 <br />