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<br />6.18 <br />Page 5 <br /> <br />tenus (collectively, the "Renewal Terms"), commencing upon the expiration of the Term. <br /> <br />Each Five (5) year Renewal Term shall automatically renew unless Lessee notifies Lessor <br /> <br />in writing at least One Hundred Eighty (180) days prior to the commencement of each <br /> <br />Renewal Term that the Lease is not to be renewed. <br /> <br />3. RENTAL. (a) Lessee shall pay to the Lessor as rent during the Term for <br /> <br />the Leased Premises in advance on the Commencement Date and on each yearly <br /> <br />anniversary date thereof without, unless specifically set forth herein, deduction, offset, <br /> <br />prior notice or demand, in lawful money of the United States, the sum of Twelve <br /> <br />Thousand dollars ($12,000.00) per Lease Year; (b) There shall be a four percent (4%) <br /> <br />percent increase on the yearly rent at the commencement of each. Renewal Term. <br /> <br />Lease Year 2: $12,000.00 <br /> <br />Lease Year3: $12,000.00 <br /> <br />Lease Year 4: $12,000.00 <br /> <br />Lease Year 5; $12,000.00 <br /> <br />Lease Year 6 (First Renewal Term): $12,480.00 <br /> <br />In the event that this Lease is terminated by mutual agreement prior to the expiration of <br /> <br />any Term, Lessee shall be reimbursed for the remaining paid rent on a prorated basis (365 <br /> <br />day basis)~ subject to any offsets for past rent due or other costs, if any. Lessee agrees <br /> <br />to make lease paymentl:i payable to: City of Redwood City. All payments shall be <br /> <br />delivered to the following address: <br /> <br />Redwood City Finance Deparmem - Revenue Services Division <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br /> <br />ATTY/AGRi2008,/)44 Lease Agreement T-Mobile <br />12190l:l <br /> <br />3 <br />