COMMERCIAL LEASE AGREEMENTPage 31 of 42
9. Rent and payment
9.1 The Tenant shall pay the Landlord a security deposit on or before 1 March 2026, to be held for the duration of the Term and returned within thirty days of its end.
9.2 Base Rent of $55,200 per quarter is payable in advance on the first day of April, July, October and January.
9.3 Payments shall be made by transfer to account held at , or to such other account as the Landlord notifies in writing.
9.4 Notices about rent go to . Late payment accrues interest at 4% above base rate from the due date.
10. Renewal
10.1 The Tenant may renew for a further term of three years by written notice given no later than 14 November 2026.