AG 2005 11 21 - Laserfiche WebLink

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Subtenant after the expiration of this Sublease shall not be construed to extend the last term hereunder. 3. Basic Rent. Subtenant agrees to pay to Sublessor basic rent ("Rent") for the use of the Premises during the Initial Term in the aggregate amount of One Hundred Thirty-Seven Thousand Six Hundred Sixty and No/One Hundredths Cents ($137,660.00). Provided that Subtenant is not in default hereunder, Subtenant shall be permitted to pay the Rent for the Initial Term in five (5) equal monthly installments of$9,498.42 each and ten (10) subsequent equal monthly installments of$9,016.79 each, such payments due and payable in advance on the first day of each month beginning April I , 2004. Beginning July I, 2005 for the First Renewal Term and July I, 2006 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 may be, 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 (I) 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. However, the percentage increase for Rent in each renewal term shall not exceed ten percent (10%) ofthe Rent for the immediately preceding one (I) 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 (151) 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 $1 00.00. In addition, any Rent payment due and not paid within ten (10) days after written notice of non-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. 4. Subtenant Access To Buildinl!/Premises. 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. In the event Sublessor changes the means of access after the conimencement 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 [,::-'7