Lessee shall have and hold the Premises for a term (“ Term ”) commencing on the date of this Lease (“ Commencement Date ”), and ending at midnight on the last day of the calendar month in which the ten (10 th ) anniversary of the Commencement Date occurs (“ Initial Expiration Date ”), subject to the Renewal Term(s) set forth below. Lessee shall have the right, at its option (the “ Renewal Options ”), to extend the Lease for (i) three (3) consecutive separate terms of five (5) years each, and (ii) immediately following the expiration of the third Renewal Option, one separate term of four (4) years (the “ Fourth Renewal Term ”) (each Renewal Option a “ Renewal Term ”). The Term of this Lease shall be automatically extended for a Renewal Term, without the need for any notice or action, unless Lessee shall deliver a written notice (the “ Renewal Termination Notice ”) to Lessor at least twelve (12) months prior to the scheduled expiration of the then current Initial Term, or Renewal Term, as applicable (each, an “ Expiration Date ”). If Lessee timely gives the Renewal Termination Notice, then the Term of this Lease shall expire on such Expiration Date. Each Renewal Term shall be on all of the same terms and conditions of this Lease, except that (A) Rent payable during the applicable Renewal Term shall be determined in the manner set forth in Exhibit C hereto and payable in accordance with Article 4 hereof, and (B) following the expiration of the fourth Renewal Term there shall be no further renewal or extension options.