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1216/1214/1213 11:51 AMSCOT FINANCIAL CORPORATE ~ 83139291907 NO. 007 [;108 j. "Tenant's Work" shall mean the work to be completed by Tenant as described in Sections 6.02 and 6.03. "Utilities" shall mean heat, sewer, water, electricity, and any other \.ltilities provided to, or used or consumed in or on the Demised Premises. SECTION 3 Grant Terms 3.01 Grant. (a) Landlord hereby leases the Demised Premises to Tenant; and Tenant hereby rents the Demised Premises from Landlord, (b) In addition, Tenant shall have the non-exclusive right to use the Common Areas, in common with all others designated from time to time by Landlord as being entitled to such use; subject, however, (0 the tenns and conditions of this Lease and to rules and regulations for the use thereof as prescribed from time to time by Landlord. Landlord may at any time: withdraw or add areas (0 the Common Areas and/or the Center; alter the Common Areas and/or the Center; construct or remove buildings or other improvements upon or from the Common Areas and/or the Center; and grant easements within the Common Areas and/or the Center (provided that at all times adequate parking facilities are available for common use, and. visibility to the Demised Premises is not obstructed in a material and substantial manner). 3.02 Term. The Tenn shall commen.ce on the Rent Commencement Date and shall continue for the Term, The Term shall end on the final day thereof without the requirement of notjce from either party to the other. 3.03 Term Extension Options, Provided that Tenant is not in default hereunder beyond any applicable notice and cure period at the time of exercise, that Tenant has not been in default hereunder beyond any applicable notice and cure period during the preceding twenty-four (24) months and that the original Tenant hereunder has not assigned this Lease or sublet the Demised Premises, Tenant shall have and is hereby granted two (2) separate options to extend the Tenn upon the terms, covenants, conditions and provisions set forth herein for two (2) periods often (10) years each (each a "Renewal Term"); provid.ed that at the time an option to renew is exercised, the Term shall be in effect. Such options. shall be deemed exercised by Tenant unless Tenant gives written notice to Landlord of its intention not to exercise the same at least nine (9) months prior to the expiration of the then current Term, Provided Landlord has not received notice from Ten3JJ.t of its intention not to exercise the renewal option, and provided that Tenant shaH then have the right to exercise such option, the Tem shall be extended in accordance with the provisions hereof, without the necessity of any further act or documentation by Landlord or Tenant. Landlord may request, in writing, that Tenant confinn its intent to exercise its renewal option, which Tenant shall confirm, in writing, within twenty (20) days of Landlord's request, otherwise Tenant shall be deemed to have exercised its renewal option. In no event shall Tenant have any right or option to extend or renew the Term beyond twenty (20) years from the expiration date of the original Term set forth herein, In the event any such extension or renewal. option fails to Occur in the manner aforesaid (regardless of whether such failure shall be a result DSC:913675.5/FROOS 1-21 :1045 -7-