AG 2007 08 20 - Laserfiche WebLink

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Beginning July 1, 2007 for the First Renewal Term and July 1, 2008 for the Second Renewal Term, the Rent shall be increased by adding to the monthly Rent applicable for the immediately preceding Initial Term or First Renewal Term, as the case maybe, a percentage thereof equal to the percentage increase in the Consumer Price Index for Charlotte, North Carolina -All Items-("CPI") (or if such index is not in use or if the components thereof as of the date of this Sublease are substantially altered or revised, the index most nearly comparable thereto shall be substituted by Sublessor for the described index) over the respective preceding one (1) year ending as of the most recent month for which the CPI statistics are then available as of the date of each annual Rent adjustment, as set forth above, I-Iwever, the percentagevncrease for Rent in each renewal term shall not exceed ten percent (10%) of the Rent for the immediately preceding one (1) year term. Sublessor shall notify Subtenant of said percentage change and the total monthly Rent due as a result thereof and shall furnish Subtenant a copy of Sublessor's computation of the percentage change. All Rent payments shall be paid monthly in advance and received by Sublessor on or before the first (15`) day of each month (the "Due Date") without reduction, abatement or setoff (except when and as specifically provided herein), and shall be mailed or delivered to Sublessor's office at the address above (or at such other address for the payment of Rent that Sublessor may give notice of to Subtenant). Any late payments shall be subject to an additional late fee of $100.00. In addition, any Rent payment due and not paid within ten (10) days after written notice ofnon-payment shall also bear interest retroactive from the Due Date at a rate of twelve percent (12%) per annum until paid. Rent for any partial calendar month shall be prorated at a daily rate. 5. Subtenant Access To BuildinelPremises. Except in the case of emergencies not within Sublessor's control, access to the Building and the Premises shall be provided to appropriate representatives of Subtenant at all times and at no additional expense, twenty four (24) hours a day, seven (7) days a week, three hundred sixty five (365) days a year. Access to the Building and Premises on holidays and at times. other than normal business hours shall be provided by key, card access or other means acceptable to Sublessor and Subtenant. Sublessor shall provide. Subtenant with a sufficient number of keys, access cards or other devices needed to allow Subtenant and Subtenant's employees such access. h7 the event Sublessor changes the means of access after the commencement date of this Sublease, Sublessor shall provide Subtenant with replacement keys, access cards or other devices as required at no additional cost to Subtenant. However, if Subtenant requests such changes in access or in the event Subtenant or its employees, agents or invitees cause the security of the Premises, the Building or the Land to be violated in Sublessor's opinion, Subtenant must promptly pay the entire cost of any replacement locks, keys and other security devices for all Building tenants. 6. Subtenant Use Of Premises. The Premises may be used for general offices to conduct such business as is normally conducted by Subtenant. By its signature below, Subtenant acknowledges that Subtenant has inspected the Premises and acknowledges the Premises to be in satisfactory condition for Subtenant's intended purposes with exception of Exhibit B (the items on this list will be corrected as soon as feasibly possible). F- I ~