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3 <br />RENT. <br />Base Rent. Base Rent shall be payable in advance on or before the first day of each and <br />every month, commencing on the Effective Date, and continuing during the Term. Tenant shall <br />pay to Landlord “Base Rent” for the Premises of four hundred and twenty-five dollars and no <br />cents ($425.00) per month during the first twelve months of the Term. Thereafter, Base Rent <br />shall be increased on the anniversary of the Effective Date by three percent (3%) per year for <br />each succeeding year of the Term. <br />At the end of the Initial Term, Landlord may increase the Rent by providing Tenant with <br />written notice of at least ninety (90) days prior to the expiration of the Initial Term or any <br />Renewal Term provided, however, that in the event Landlord increases Rent, Tenant may <br />terminate the Sublease effective as of the date the Rent is set to increase, by giving notice of <br />such termination to Landlord within thirty (30) days prior to the expiration of the Initial Term <br />or applicable Renewal Term. <br />Late Payment Fee. If Tenant fails to pay Rent or any installment thereof, by the fifth day <br />of the month in which such payment is due and payable, Tenant shall automatically be assessed <br />and shall pay, as Additional Rent and not as a penalty, a late charge equivalent to five percent <br />(5%) of the amount of such late payment. <br />LIENS. Tenant shall not suffer or permit any statement of mechanic’s or other liens to <br />be filed against the Parent Parcel or any part thereof by reason of work, labor, services, or <br />materials supplied or claimed to have been supplied to Tenant or anyone holding the Premises or <br />any part thereof through or under Tenant. If any such lien shall at any time be filed against the <br />Parent Parcel due to Tenant’s actions or inactions, Tenant shall cause the same to be discharged of <br />record or shall deposit with the court an amount equal to one hundred twenty-five percent (125%) <br />of the amount claimed, within thirty (30) days after the date of actual notice to Tenant of filing <br />such lien. If Tenant shall fail to discharge such lien or deposit such amount within such period <br />then, in addition to any other right or remedy of Landlord, Landlord may, but shall not be <br />obligated to, discharge the same either by paying the amount claimed to be due or by procuring <br />the discharge of such lien by deposit in court or by giving security or in such other manner as is <br />or may be prescribed by law. Any amount paid by Landlord for any of the aforesaid purposes, <br />and all reasonable other expenses of Landlord, including reasonable attorneys’ fees, in or about <br />procuring the discharge of such lien, and all necessary disbursements in connection therewith, <br />together with interest thereon at the lower of the maximum rate allowed by applicable law or the <br />25