(iii) Upon the giving of the Exercise Notice by Tenant to Landlord exercising Tenant’s option to extend the Lease Term in accordance with the provisions of Section 1(B)(ii) above, then this Lease and the Term hereof automatically shall be deemed extended for the option period, without the necessity for the execution of any additional documents (except that Landlord and Tenant agree to enter into an instrument in writing setting forth the Annual Fixed Rent for the extension term as determined in the relevant manner set forth in this Section 1); and in such event all references herein to the Term or the term of this Lease shall be construed as referring to the Term, as so extended, unless the context clearly otherwise requires and except that there shall be no further option to extend the Lease Term.
|2.||(A) Effective as of the Additional Premises Commencement Date (as hereinafter defined), the Additional Premises shall constitute
a part of the “Premises” demised to Tenant under the Lease, so that the Premises (as defined in Section 1.1 of the
Lease) shall include both the Original Premises and the Additional Premises and shall contain a total of 7,495 square feet of rentable
floor area. By way of example, the option to extend the Term of the Lease provided in Section 1(B) above shall apply to both the
Original Premises and the Additional Premises collectively but not to either space independently.|
(B) For the purposes hereof, the “Additional Premises Commencement Date” shall be the later to occur of (i) the date on which the Landlord’s Work (as that term is defined in Exhibit B attached hereto) is deemed substantially complete in accordance with the terms and provisions of said Exhibit B or (ii) January 1, 2018. As soon as may be convenient after the Additional Premises Commencement Date has been determined, Landlord and Tenant agree to join with each other in the execution of a written Declaration, in substantially the form of Exhibit E attached to the Lease, in which such Additional Premises Commencement Date shall be stated.
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