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6.1 G <br /> Page 6 <br /> ATTACHMENT 2 <br /> 2.3 The term will expire at 5:00 p.m. an the date specified in Section 2.1. if Lessee <br /> shouid remain in possession of the Premises after the termination of the term of <br /> this Agreement as a resuit of Lessee's default, then the Minimum Annual Rent <br /> shal! be one and one-half(1.5)times the amaunt of such rent in efFect prior to the <br /> Lessee's holding over. Lessor does not waive its right to pursue any fegai ar <br /> equitabie remedy against Lessee with regard to Lessee's continued possession <br /> of the Premises after the expiration of the term of this Agreement. <br /> 3. LEASE PAYMENT <br /> 3.1 Lease Payment. The monthiy rent to be paid to the Lessor shall be$439.00 <br /> Lessee shall pay to Lessor the monthly rent in advance, an or before the firsf day <br /> af each and every monfh of the Lease Term beginning on May 1, 2008. Lease <br /> payments for any period during the term hereof which is for less#han one month <br /> shall be a pro rata portion of#he monthly instaAment <br /> 3.2 Lessee agrees to make rent payments payable to: Redwood City <br /> Redevelopment Agency. All payments shall be delivered to the foflowing <br /> addcess : <br /> Redwood City Finance Deparment-Revenue Services Division <br /> 1017 Middlefield Road <br /> Redwood City, CA 94063 <br /> Copies o#the rent payments shalf be concurrentiy deiivered to: <br /> Redwood City Redeveiapment Agency <br /> '�017 Middlefield Road <br /> Redwood City, CA 94063 <br /> c/o Courthouse Square Vendor Management <br /> Rents for any period during the term hereof whicfi is for less #han one month <br /> shall be a pra rata portion of the monthly instaElmen# based an a 3Q-day month. <br /> Rents shall be payabls to the Agency at the address set forth above or at such <br /> ather address as City may from time to time designate in writing. <br /> 3.3 Deiinquent Rent Fees. Lessee acknowledges that the Lessor incurs coilection <br /> and administrative costs associated with pursu�ng delinquent ren#. Lessee and <br /> Lessor hereby agree that if the rent for any month is not received by the Lessor <br /> by 5:00 p.m. on the fifth (5th) day of the manth, Lessee shall pay a late charge <br /> equal to ten percent {10%} of the security deposit in effect. The laie charge will <br /> be added to the succeeding month's rent. <br /> 4. SECURITY DEPOSIT <br /> 4.1 Lessee shall deposit with the Lessor upon execution hereof a security deposit in <br /> the amount of $500.00 as security for the Lessee's faithful perfarmance of <br /> Lessee's abtigation hereunder. The deposit shall not be used for the fina! <br /> month's renf. ff Lessee fails to pay rent or other charges due hereunder, ar <br /> otherwise defaults with respect to any provision of this Agreement, Lessor may <br /> use, apply or retain all or any partion of said deposit for the payment of any fees <br /> atrii���2ooa.osa 3 <br /> ososos <br />