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2. LEASED PREMISES. Landlord leases to Tenant, and Tenant leases from Landlord, <br /> the Leased Premises. Tenant has examined the Leased Premises and is in all respects familiar <br /> with the Leased Premises and the improvements in the Leased Premises and Buildings. Tenant <br /> accepts the Leased Premises and its improvements in their "as is" condition. Tenant further <br /> acknowledges and agrees that(a)except as specifically provided in this Lease, Landlord has made <br /> no representations or warranties to Tenant with respect to the Leased Premises or the Building, <br /> (b)Tenant is not relying on any representations or warranties by any person regarding the Leased <br /> Premises or the Buildings, and (c) except for Landlord Work, if any, described in Section 1 and <br /> Exhibit C to this Lease, Landlord has no obligation to construct any improvements to the Leased <br /> Premises or the Buildings. <br /> 3. TERM. The term of this Lease is for the Term stated in Section 1 of this Lease. The <br /> terms and conditions of one or more Extension Terms, if any, are provided in the attached <br /> Exhibit B. <br /> (a) If Landlord cannot deliver possession of the Leased Premises for any <br /> reason at the commencement of the Term, such non-delivery will not (i) cause Landlord liability <br /> for damages, (ii) cause the Lease to become void or voidable, or (iii) cause the Term to be <br /> extended. However, in such event Tenant will not be liable for rent until Landlord can deliver <br /> possession,and if possession is delayed by over ninety(90)days,Tenant may terminate this Lease <br /> by written notice to Landlord, so long as the written notice is delivered to Landlord prior to <br /> delivery of possession of the Leased Premises to Tenant. <br /> (b) The Lease may be terminated by Landlord pursuant to its Special <br /> Termination Right set forth in Section 1 above, in addition to any other termination rights that <br /> may be contained in this Lease. <br /> 4. RENT. During the term of this Lease, Tenant shall pay the Base Rent by the first <br /> day of each calendar month of the Term to: <br /> Treasurer <br /> City of Everett <br /> 2930 Wetmore Avenue <br /> Everett, WA 98201 <br /> or such other place as Landlord may from time to time designate in writing. Tenant shall also pay <br /> to Landlord items described as "Additional Rent" in this Lease, including, without limitation, <br /> Leasehold Excise Tax (as defined below). If any rent is, at any time, five (5) or more days past <br /> due,Tenant shall pay a late charge equal to ten percent (10%) of the past due rent. In addition, <br /> interest will accrue on the past due amount from the date due until paid in full at a per annum <br /> rate,which is the lesser of the highest interest rate permitted by applicable law or twelve percent <br /> (12%) per annum (the "Default Rate"). Tenant shall make all rent payments without deduction <br /> or offset. Rent for partial months, if any occur, will be prorated. <br /> 3 <br />